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...
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...