“Urban World: The Global Consumers to Watch”, a report by the McKinsey Global Institute says that global urban consumption is expected to grow by $23 trillion over 15 years, at a compound annual growth rate of 3.6 percent. 32 cities globally, including two from India - Delhi and Mumbai –...
Hyderabad, India, to Be Biggest Offshore Campus for Amazon Inc. by 2019
Spanning 3 million square feet, and spread over 10 acres of land, the new Amazon campus (for which the foundation stone was laid in the last week of March) will have “thousands” of employees managing back-end operations of Amazon’s various global businesses. The facility will also house a technology development...
Apple to Invest $25 Million in India Technology Development Center
Cupertino, California based Apple, confirmed plans to build its technology development center outside the U.S. in Hyderabad, India with an investment of $25 million. The facility, slated to commence operations in the latter half of this year, will occupy 250,000 square feet of space and employ about 4,500 people. “We've...
IDenta Is Supplying Detectors to India
Jerusalem, Israel-based IDenta Corporation, the international drug and explosives-detection company, has supplied detectors to India, reports Bloomberg Business. CEO Yaacov Shoham said, “Every year before the end of the financial year (March 31 in India) IDenta Corp. participates through the local representative company Technomaxx in different tenders related to IDenta's...
Novartis Inaugurates 3,500 Employee Center in Hyderabad,India
Novartis Group inaugurated its new business center, Novartis Knowledge City, in Hyderabad, India. A nine-storied structure with a gross area of 800,000 square feet, this facility is the largest of the group’s five global service centers, located in Mexico City, Dublin, Prague, Kuala Lumpur. The Novartis Business Services in Hyderabad...
JV between AgustaWestland and Tata Sons, India Approved by Government
India’s Foreign Investment Promotion Board cleared a proposal to set up a helicopter assembling unit by Indian Rotorcraft Limited, a joint venture between AgustaWestland and Tata Sons. Indian Rotorcraft will now undertake the final assembly of helicopter model AW 119Kx in lieu of AW 119Ke as proposed earlier, and these...