India is already the second largest foreign investor in the United Kingdom, after the United States and ahead of EU countries such as Germany and France, with 120 active projects according the British Department of International Trade. So it should come as no surprise that Prime Minister Boris Johnson's first...
OECD says India to Grow 12.6 percent in 2021
In it latest interim forecast released today, the Organization for Economic Co-operation and Development, OECD, a group of 37 countries headquartered in Paris, put India at the top of its economic growth list (albeit via a defective graphic, see below) with a projection of 12.6 percent GDP growth. For this...
Biden, Modi speak: Align on Covid, Climate, China
India is #10 on the U.S trading partner list and was the tenth country called by President Biden, after Canada, Mexico, the United Kingdom, France, Germany. Russia. Japan, Korea and Australia. Note that there is no call with China yet. Most countries are allies or neighbors and the only rival...
French Groupe PSA Launches Technical Center in India
PCA Motors India, subsidiary of Groupe PSA the French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroen, DS, Opel and Vauxhall brands, launched an India Technical Center in Chennai, Tamil Nadu. The Center will house the departments of Research and Development, Programs and Projects, a Global Purchasing...
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....
France's Alten Group Acquires Chip Designer in India
Alten Calsoft Labs, a subsidiary the $2.2-billion French IT firm Alten Group, acquired chip design company Si2Chip based in Bangalore. With this acquisition, the company adds 200 engineers to its very large-scale integration (VLSI) domain and enhances its semiconductor portfolio. Ramandeep Singh, CEO of Alten Calsoft Labs, said, "The Si2Chip...