According to data from Mumbai, India-based investment bank Equirus Capital, India's infrastructure sector raised a total of $3.49 billion across 33 transactions in Fiscal Year 2017 compared with $2.98 billion raised in 31 transactions in 2016, an increase of over 17 percent. The data also showed that the majority of...
Blackberry Will Make Android Devices in India
Waterloo Canada-based Blackberry announced its partnership with New Delhi, India-based Optiemus Infracom, an existing distribution partner for BlackBerry devices in the country. Blackberry will license device software and brand assets to Optiemus, which will design, manufacture, sell, promote, and support BlackBerry-branded devices in India, Sri Lanka, Nepal and Bangladesh. Alex...
Magellan Aerospace to Construct Manufacturing Facility in India
The Mississauga, Ontario-based Magellan Aerospace announced plans to construct a manufacturing and assembly plant in India. The 140,000 sq ft building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. The company provides complex assemblies for aircraft and engine manufacturers, and defense...
Canadian Investments Surge in India
Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India's Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country. Last October, in one of India's largest deals in...
Canada's Brookfield Invests $1.6 Billion in India's Telecom Towers
Brookfield Infrastructure Partners, a private investment firm headquartered in Canada, will buy the telecom tower business of Reliance Communications Ltd (RCOM) for $1.6 billion in cash. This deal is the second biggest private equity deal ever in India. RCOM’s telecom towers are part of Reliance Infratel Ltd and these will...
Canada Pitches Lumber to India Market
With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia's minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business. De Jong said, "We are amplifying our efforts to do something we did around (the...