India seeks foreign companies that will produce the raw materials used for manufacturing bulletproof vests, in the country. Currently, Indian companies that produce such vests import the raw materials from China. India's government projects that more than 300,000 bulletproof vests will be required by the Indian armed forces. According to...
India Plans Its Own Space Station by 2030
K. Sivan, the chief of the Indian Space Research Organization (ISRO) said India plans to establish its own "very small" space station by 2030. He envisages a 20 ton space station, which will be used to conduct experiments on microgravity and will accommodate astronauts for up to 15-20 days in...
Alstom Exports Driverless Trains Made in India
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....
Warburg Pincus To Invest $1 billion in India Real Estate
New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
Bloomberg: 2020s Set to Be the Asian Decade
Bloomberg reports that Asia dominates an exclusive list of economies expected to sustain growth rates of 7%. According to a research report by Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist David Mann, India, Bangladesh, Myanmar, Vietnam and the Philippines along with Ethiopia and Cote...
U.S. Companies Keen to Shift Manufacturing from China to India
The U.S.-India Strategic and Partnership Forum's president Mukesh Aghi said that 200 American companies are seeking to move their manufacturing base from China to India once the general elections that are currently going on in India are over. The companies find that there is an excellent opportunity to set up...