India's first medical devices industrial park is set to come up in Gujarat and the second one is being planned for Tamil Nadu, said Ananth Kumar, Union Minister of Chemicals and Fertilizers, while releasing a government-industry task-force report on boosting domestic production of high-end medical technology products, according to a...
Ford Motor Invests $1 Billion in Indian Auto Plant
Reuters reports that Ford Motor Company has inaugurated a heavily automated auto manufacturing plant at a cost of $1 billion in the western state of Gujarat to triple its exports from India. At the inauguration, Ford chief executive Mark Fields said, “India is very cost competitive, which is important particularly...
Engineering Firm AECOM Plans to Expand in India
AECOM, a Fortune 500, U.S.-based engineering consulting firm that provides end-to-end solutions for all kinds of infrastructure development projects, plans to hire 1,500 more employees for its India operations, its global chairman & CEO Michael S. Burke said. Currently the company has 2,500 employees located across eight regional offices and...
U.S. and India Come to an Understanding on the Nuclear Energy Agreement
In 2006 Washington and India first reached a nuclear energy understanding which was to have allowed New Delhi access to nuclear technology and fuel without giving up its weapons program. Then, in 2008, a 45-state Nuclear Supplies Group approved a policy of nuclear cooperation with India and another nuclear power...
SunEdison to Invest $4 Billion in India
Missouri-based SunEdison Inc., and the Indian power provider Adani Enterprises, headquartered in Ahmedabad, Gujarat, have signed a memorandum of understanding to establish a joint venture to build the largest solar photovoltaic manufacturing facility in India with a capacity of 7.5 gigawatts of annual production on an investment of up to...
India’s largest Dairy Product Maker Aims to Increase Revenue by 21% in 2015
The Gujarat Cooperative Milk Marketing Federation, which markets milk and dairy products under the Amul brand, said its revenue was likely to increase by 21 percent this fiscal year at about $3.5 billion due to higher growth in unit sales at current prices The company is expanding its operations to...