Anticipating prospects in India, German chemical company BASF SE has started the process of constructing a new innovation campus at its existing facility in Thane, on the outskirts of Mumbai, India. The investment in this campus will be $61.8 million. The India center will hire 300 scientists to work on...
Solvay Increases Resin Production in India by 25%
Solvay SA, the 150-year-old Belgian company that’s moving from commodity chemicals to specialty materials and additives, will expand a high-performance plastics plant in India to cope with demand from smartphone and aircraft makers. Production of polyether ether ketone polymer resins, known as PEEK, will increase 25 percent at the Panoli...
Huntsman India Sales Cross $500 million
Peter R. Huntsman, President and Chief Executive of the $12 billion chemicals maker, Huntsman Corporation, inaugurated a new India corporate office in Mumbai on November 4, 2014. Initially, the 220,000 square feet, seven story building will house about 300 Huntsman associates, including over 100 technical staff spread across three floors...
Skin Care Giant to Enter Manufacturing and R&D in India
Beiersdorf AG’s Nivea announced its first ever manufacturing plant in India, located at Sanand, Gujarat with an investment of $168 million to open by March 2015. The German company will also establish an R&D center at the factory, which will focus on innovations for Indian consumers as well as other...
India Elections 2014 Result
Hopes for maintaining freedom and democracy are shaky in many countries today from Egypt, to Ukraine, to Iraq and Afghanistan. On the other hand the continued success of autocracies such as China has its scholars arguing that they have created a system better than Western democracy. The Economist recently ran...
India business favors political change
India’s Sensex stock market index (comprised of 30 market weighted shares trade on the Bombay Stock Exchange surged 487 points to 21,483 on the day after results from four key state elections poured in last week. The UPA coalition, led by Prime Minister Dr. Manmohan Singh at the federal level...