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...
Andhra Pradesh Seeks International Collaborations for Aquaculture
To improve aquaculture, the Indian State of Andhra Pradesh's Fisheries Department held discussions with organizations from Singapore, Netherlands, Vietnam, and other countries, to establish collaborations for knowledge-sharing and technology transfer. Teams from these countries visited the State and held talks on forging a joint partnership in deep sea fishing as...
India to Set Up 21 New Nuclear Reactors by 2031
Currently, India has 22 power reactors in operation at seven plant sites with a combined capacity of 6,780 MWe. It now expects to bring 21 new nuclear power reactors with a combined generating capacity of 15,700 MWe into operation by 2031, Jitendra Singh, the country's minister of state for the...
India Inaugurates First Howitzer Factory
Prime Minister Narendra Modi launched the Armored Systems Complex developed by Larsen & Toubro (L&T) at Hazira near the town of Surat in Gujarat. This is the country’s first private facility where the K9 Vajra, self-propelled Howitzer guns, will be manufactured. Defense Minister Nirmala Sitharaman was also present at the...
Swiss Givaudan Launches Second Manufacturing Facility in India
Givaudan, Switzerland-based manufacturer of flavors, fragrances, and active cosmetic ingredients, inaugurated a 430,000 square feet facility near Pune in the state of Maharashtra to meet the growing demand in the food and beverage and healthcare segments. The opening ceremony was attended by Givaudan top management including chief executive officer Gilles...