Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, "The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.” The $200 million new plant is...
India designed PET/CT System
The Discovery IQ, a Positron Emission Tomography/ Computed Tomography (PET/CT) molecular imaging system designed in India for local and global markets was released earlier this year. The $15 million 3-year project included close collaborative development with Indian nuclear medicine physicians and oncologists. The new GE Discovery IQ PET/CT comes with...
Biocon scouts R&D pact after General Electric unit takes stake in research division
Bolstered by positive new data on its insulin program and growing profits, India's Biocon also won a big financial backer for its R&D outsourcing arm as it prepares to take the unit public. GE Capital has agreed to pay $23 million for a 7.7% stake in Syngene, which handles contract...
Medtronic to design low-cost pacemakers for India, China, Bangladesh
With 46 percent of its $16 billion in annual revenue hailing from foreign shores, Medtronic, the world's biggest medical devices company has an ambitious goal to develop new and cost-effective products such as pacemakers for the poor, while simultaneously selling its existing ones to the growing middle classes in emerging...
Not every foreign company is new to India, not Nestlé anyway!
In American today there is a bit of a rush toward India. "The 1.4 trillion dollar economy, growing at 7 percent. They like India. The last three US presidents have visited India, much more so than before." All this is true. But some foreign companies have been doing business in...
General Electric wins order for 2 turbine-generators from GMR Energy India
GMR Energy announced the signing of a long-term service agreement with GE Energy for the expansion of the Vemagiri power plant in Andhra Pradesh. Powered by two GE frame 9FA gas turbine-generators, the plant will produce over 768 MW of additional electricity by 2012. Under a 15-year contractual service agreement, GE...