Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year. "Though still nascent, this category could prove to be a disrupter as bigger co-working...
Warehousing Sector Surges in India
In anticipation of the national Goods and Services Tax roll-out in July, warehousing facilities will increase by 18 percent to 132.5 million sq ft, and this sector is likely to see investments of about $700 million, according to industry experts Delhi-NCR had the maximum warehousing stock in 2016 at 29.3...
Global Finance Firms to Add Office Space in India
Even as they downsize their retail operations worldwide, Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc., are among global financial firms looking to add office space in India. Barclay Technologies Center India Ltd, an offshore unit of the London-based financial services firm, is planning to add...
Qualcomm Expands its Design Initiatives in India
After successfully completing the first edition of the Qualcomm Design in India Challenge, the company announced an investment of $8.5 million for its second edition, where the challenge will focus on rural technology, biometric devices, payment terminals, agriculture technology, medical technology, and smart infrastructure. "Qualcomm Design in India Challenge is...
AMD to Grow R&D Team in India
In an interview with India's Economic Times, Sunnyvale, California-based semiconductor company AMD's chief technology officer Mark Papermaster discussed the contribution of the company's R&D facilities in India. These R&D centers are located in Hyderabad and Bangalore, housing over 1,000 of its 6,000-strong global tech team. Excerpts of the interview: On...
Data Migration Resources Sets Up Product Development Center in India
Mission, Kansas-based Data Migration Resources (DMR), a company that deals in data conversion, data quality and data governance, inaugurated its product development center in the southern city of Hyderabad, India. Managing Director Vijay Garud said, "This is a leased facility and after two to three years, we might consider building...