India's southern state of Tamil Nadu has signed understandings with a number of European and Chinese companies that are expected to create and support over 40,000 jobs in the state. Tamil Nadu is home to a vibrant automotive, auto parts and electronics sector. Daimler India Commercial Vehicle may be the...
OnePlus of China opens new R&D center in Hyderabad
Five years since the launch of the OnePlus One in India, the market represents the largest growth opportunity for the Shenzhen, China company. OnePlus is now the largest premium-segment smartphone player in India and has been instrumental in creating the "affordable flagship" category. It only makes sense that the company starts looking...
KKR's New Asia-Focused Fund Targets $15 Billion
Global private equity group KKR & Co Inc has targeted a record $15 billion for a new Asia-focused buyout fund. Groups such as Bain Capital, Blackstone, Carlyle, and KKR are increasingly focusing on Asian investments as lower valuations and corporate restructuring have created new opportunities in key markets. An Asian...
Export of Chemicals from India to U.S. Surges
A study by UNCTAD, the trade and investment body of the UN, notes that India gained $755 million in additional exports, mainly of chemicals, metals and ore, to the U.S. in the first half of 2019. The report, Trade and Trade Diversion Effects of United States Tariffs on China, said...
India's Sun Pharma Expects to Win in China
With a recovery underway in its U.S. business, India's Mumbai-based Sun Pharmaceutical Industries Ltd., is scouting for a partner in China, where the government aims to drive down the cost of healthcare. China has rolled out a bulk drug procurement program that’s driving down prices and providing an opening for...
Trump Wants U.S. Companies to Find an Alternative to China
Shortly after China announced that it planned to respond to increasing U.S. tariffs on Chinese goods by imposing retaliatory tariffs of 5 to 10 percent on $75 billion worth of U.S. goods, President Trump "ordered" U.S. companies to pull out of China. "Our great American companies are hereby ordered to immediately...