Australia’s first fully-automated rail service, the newly launched North West Line by Sydney Metro, has been made in India. The new-generation metro trains were manufactured by French multinational company Alstom in Sri City, an integrated business city located in India's southern state of Andhra Pradesh, thirty-five miles north of Chennai....
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
India's Auto Components Maker Invests $90 Million in South Carolina
Chennai-based Sundaram-Clayton Limited, one of the largest auto components manufacturing and distribution group in India, inaugurated a $90 million factory on 50 acres in Dorchester County in the Ridgeville Industrial Park of South Carolina, one of U.S.'s fast growing automotive and manufacturing hubs. The plant will produce 1,000 tons of...
Everstone Acquires India's CPC Diagnostics
Singapore headquartered private equity firm Everstone Group’s healthcare platform Everlife has made its first investment in India in Chennai-based CPC Diagnostics. The deal will help Everlife include core in-vitro diagnostic segments in its portfolio of medical devices and expand its presence to India. Founded in 1987, CPC Diagnostics is a...
Finland's Cimcorp to Inaugurate Office in India
Manufacturer and integrator of turnkey robotic handling solutions, Cimcorp, will launch a new facility in Chennai, India, in June this year in response to the growing demand for automation in the Indian tire industry. Masatoshi Wakabayashi, CEO at Cimcorp, said, "The decision to expand our presence into India was a logical...
Hong Kong's Baring PE Acquires Assets in India
Hong Kong-headquartered alternative asset management firm Baring Private Equity Asia will acquire Chennai and Newark-based AGS Health Private Limited for $320 million. AGS is an analytics-driven, technology-enabled Revenue Cycle Management company providing medical billing, medical coding, and business analytics services to healthcare providers across the U.S. Private equity buyout specialists...