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...
Foxconn Moves Production of iPhones to India
Terry Gou, chairman of Foxconn Technology Group said that his company will mass produce iPhones in India this year. "In the future we will play a very important role in India’s smartphone industry," he said at an event in Taiwan. "We have moved our production lines there." India is now...
Silicon Valley Tuning In to India's Music Industry
India's internet boom has tech giants turning to the country's 560 million internet users, and massive music industry. Facebook signed licensing deals with some of the biggest record labels in Bollywood that will allow users of Facebook and Instagram in India to add songs to their posts. Google rolled out...