Planning to replace natural gas and naphtha at its petrochemical plants, Mumbai-based Reliance Industries Limited will procure 1.6 million tons of ethane from three companies in the U.S. Reliance Industries has three joint ventures in America: one with California headquartered Chevron Corp, in which it has invested $1.7 billion; the...
India's Mahindra Group to Set Up Tractor Factory in U.S.
Mumbai, India-based Mahindra Group's wholly owned Houston-based subsidiary Mahindra USA plans to set up a greenfield manufacturing facility for tractors in the U.S. in the next three to five years. When asked about expanding operations, Mahindra USA president and CEO Mani Iyer said, "It makes sense down the line to...
India's Ardom Telecom Acquires Texas-based Quanta Towergen
Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.'s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle. In the last few years, Quanta has invested ...
India and Los Angeles, Much Closer Than You Might Think
Los Angeles is the top ranking U.S. customs district with trade exceeding $393 billion in 2015. Despite being halfway around the world from, India is a Top 10 trading partner with Los Angeles, actually ranking ninth and ahead of Pacific Rim countries such as Australia (#10), Indonesia (#12), and Philippines...
India Startup Plays Transformative Role in Industrial IoT
Startup Flutura, located in Bangalore, India, makes an IoT product that captures data streaming from various sensors on machines to analyze their health and predict problems. Derick Jose, co-founder of Flutura, describes its IoT product Cerebra as a “Fitbit for machines.” The Cerebra platform connects assets used in industries to correlate,...
LyondellBasell to Acquire SJS Plastiblends of India
Houston-based LyondellBasell Industries announced that it has entered into a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd., a polypropylene compounds manufacturer, located in Aurangabad in the western state of Maharashtra, India reports CNN Money. “This acquisition will expand our global PPC manufacturing footprint and allow us to...