VINCI Highways, a subsidiary of France's VINCI Concessions, signed an agreement with Sydney, Australia-based Macquarie Asia Infrastructure Fund, to acquire the Safeway Concessions portfolio in India. This portfolio comprises nine toll highway concessions in India's States of Andhra Pradesh, in south-east India, and Gujarat, in the west of the country....
Sanofi Doubles India GCC
French pharmaceutical company's India subsidiary, Sanofi Healthcare India, has significantly increased the footprint of its Global Capability Center (GCC) in Hyderabad, Telangana, adding 270,000 square feet to the facility. This expansion brings the total area to approximately 500,000 square feet. The upgraded center is now equipped to accommodate 5,000 employees,...
India, France, Partner on Small Modular Nuclear Reactors
India and France have announced plans to collaborate on developing small modular nuclear reactors (SMRs) following Prime Minister Narendra Modi's visit to France. This initiative marks a shift in India's nuclear energy policy and international partnerships. During their meeting, Modi and French President Emmanuel Macron emphasized nuclear energy's crucial role...
India Boosts Defense Budget by 10% to $78 Billion
India's Ministry of Defense has announced a 10% increase in its defense budget for fiscal 2026 which begins April 1, reaching a record $78.3 billion amid security challenges from Pakistan and China. The budget breakdown reveals that 26.4% ($20.7 billion) is allocated for new acquisitions. Major planned purchases include (General...
France’s Expleo Solutions to Double IT Headcount in India
French IT company Expleo's India arm plans to increase its workforce in the country. Expleo's CEO and managing director of India business, Balaji Viswanathan, said that the firm sees growth primarily on account of the expansion of its business in the U.S. "While other larger players are slowing down on...
India’s Indigo Airline Places Record Order with Airbus
Airbus Industrie, the European aerospace company, landed its biggest-ever aircraft order in the history of commercial aviation. It announced that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035. Executives from both companies announced the deal on the...