Chennai India-based Sundaram Clayton Limited, a leading supplier of aluminum die castings to the automotive and non-automotive sectors, announced that it will establish its first American unit in Dorchester County, South Carolina, at an estimated cost of $50 million. The company has acquired 50 acres of land for its new facility,...
India's Institute of Technology Develops Cardio Implant
The Indian Institute of Technology Madras located in Chennai, India has developed Asia’s first ‘life-saving’ implant called SynkroScaff — A tissue engineered bovine pericardial patch — for critical cardiovascular patients. A Chennai-based firm, SynkroMax Biotech, has been appointed as the commercial partner. C.V. Seshadri, managing director of Synkromax Biotech said,...
Foreign Lenders Support Non Banking Systems in India
The Wall Street Journal reports that global players such as KKR & Co. L.P., headquartered in New York City, and Manhattan-based Goldman Sachs are actively involved in alternative lending in India. Though the amount of the loans being offered are far smaller than those disbursed by big banks, the sector...
Ford To Invest in Global Technology and Business Center in India
Dearborn, Michigan-based Ford Motor Co. said it will invest $195 million and create 3,000 jobs over the next five years for a new global technology and business center in Chennai, India. The site will feature 2.5 million square feet of floor space which will house engineers, IT, finance, accounting, data...
Clariant's Healthcare Packaging Facility in India to Start in 2017
Clariant, a specialty chemicals company headquartered in Muttenz, Switzerland, will commence its new greenfield production facility in Cuddalore in the southern state of Tamil Nadu by the second semester of 2017. “The new site will serve the Indian pharmaceutical industry with state-of-the-art desiccant products produced under the strictest quality and...
Innovation from India Gives Speech Disabilities a Voice
Chennai, India-based Invention Labs has created a multilingual augmentative and alternative communication ipad app, Avaz (voice) for people with speech disabilities. It is priced at $200 in the U.S. and $100 in India. "Until the launch of Avaz, all augmentative and alternative communication devices available in the U.S. were monolingual....