American medical device and pharmaceutical company Baxter International headquartered in Deerfield, Illinois, will invest $18 million to set up its research and development facility in Ahmedabad, in India's western state of Gujarat. The company has purchased the space for this venture. Currently, Baxter has a research and development and information...
India Records Highest Ever FDI Inflow
Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...
Singapore Fund Invests in India's Infrastructure Sector
Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
India's Kalpataru Power Buys Majority Stake in Swedish Firm
Gandhinagar, Gujarat-based Kalpataru Power Transmission Limited signed a definitive agreement to acquire 85% stake in Sweden's Linjemontage i Grastorp AB for an enterprise value of $24 million. The transaction is expected to close in the first quarter of 2020. Founded in 1993, the Linjemontage i Grastorp AB specializes in power...
MG Motor U.K. to Launch SUVs, EVs in India
British automotive company MG Motor U.K. Limited, a subsidiary of Shanghai-based SAIC Motor, will begin production of its SUV Hector in India in the second quarter of 2019. The company has set up its manufacturing facility in Halol, Gujarat, and plans to begin production with over 75 percent localization. MG...