Germany's specialty glass company SCHOTT AG and Serum Institute of India, the world‘s largest vaccine producer and manufacturer of biologics, have formed a joint venture for pharma packaging products such as vials, syringes, ampoules and cartridges. Serum Institute bought the 50% stake in the Indian joint venture SCHOTT Kaisha from...
Atotech Inaugurates Engineering Center near New Delhi
Atotech headquartered in Berlin, Germany, inaugurated the Atotech Development Center (ADC) in Manesar, India. Though the facility was fully operational since late 2020, the pandemic delayed the official inauguration of the Center. CEO Geoff Wild said, "The opening of the ADC is an important milestone for our company. It now...
Washington Galvanizes as India Battles Covid-19 Tsunami
On April 6, 2020 , as the United States was pummeled by the Covid-19 pandemic, Time Magazine lamented how India had blocked exports of a malaria drug that held potential to treat novel coronavirus patients. The President of the United States tweeted asking India for help and within just six...
Moody’s Boosts India Forecast to 12 percent
Following two separate rosy projections by the International Monetary Fund and the OECD, we have similar news about India's GDP growth from Moody's Analytics. India’s gross domestic product is projected to grow by 12% in 2021, Moody’s Analytics stated. “India’s near-term prospects have turned more favorable following a stronger than...
U.K. Prime Minister Boris Johnson To Visit India
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...
Siemens Healthineers Opens Global Innovation Hub in Bangalore
Siemens is locating a center of competence for innovation in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity in India. The company has Innovation Hubs in the United States, Germany, and China in addition to this one in Bangalore....