Boise, Idaho-based Micron, signed an MoU with the government of India's western state of Gujarat for setting up a $2.75 billion semiconductor assembly and test facility at Sanand, located near the city of Ahmedabad in Gujarat. The plant has been approved under the Federal government's 'Modified Assembly, Testing, Marking, and...
In India Solar and Wind Dominate Energy Additons
London, UK-based global energy think tank Ember launched India state RES target and progress tracker, early last year. The data tool tracks the monthly progress of Indian states and union territories against their 2022 renewable energy targets, using archive records of state-wide installed renewable energy capacity data from India’s Ministry of...
India’s Regulator Clears Warburg Pincus’ Investment in Meril Life Sciences’ Parent
The Competition Commission of India approved a minority stake acquisition in Micro Life Sciences Pvt. Ltd, by South Elm Investments B.V., a Dutch investment holding company. The deal was valued at $210 million. The shareholders of South Elm Investments are private equity funds managed by Warburg Pincus LLC. Gujarat-based Micro...
Perfect Day Acquires India’s Sterling Biotech
Berkeley, California- headquartered food technology startup Perfect Day Inc., acquired Gujarat-based Sterling Biotech through the liquidation process, via an e-auction. Founded in 1985 the Indian company provides active pharmaceutical ingredients. It owns two manufacturing facilities - one in Gujarat and the other in Tamil Nadu. The facilities are outfitted for...
India to Boost its Indigenous Defense Industry
In a first, DefExpo 2022 was held exclusively for Indian companies, Indian subsidiaries of Foreign OEMs registered in India, and for exhibitors that had a Joint Venture with an Indian company.The event was inaugurated by India's Minister for Defense, Rajnath Singh on October 20 who said on the occasion, "DefExpo...
Vedanta and Foxconn Partner to Manufacture Chips in India
Mumbai-based mining company Vedanta Ltd., and Taiwan's Foxconn signed an agreement with the government of India's western state of Gujarat to set up a $20 billion semiconductor project. Foxconn already has significant operations in India, including the assembly of Apple iPhones. Vedanta obtained financial and non-financial subsidies including on capital...