Walmart-owned online e-commerce company Flipkart announced plans to add more than 800,000 square feet of space and 5 new fulfillment centers to strengthen its grocery supply chain infrastructure. These centers will be located at Delhi, Kolkata, Chennai, Coimbatore and Hyderabad over the next three months. The additional capacity will help...
Blackstone Increases Investment in India’s Logistics Segment
Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone's India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located...
Washington Galvanizes as India Battles Covid-19 Tsunami
On April 6, 2020 , as the United States was pummeled by the Covid-19 pandemic, Time Magazine lamented how India had blocked exports of a malaria drug that held potential to treat novel coronavirus patients. The President of the United States tweeted asking India for help and within just six...
Boeing Produces Fins In Hyderabad
Boeing announced the addition of a new production line at its Indian joint venture, Tata Boeing Aerospace Limited in Hyderabad, to manufacture the vertical fin structures for the 737 family of commercial airplanes, according to reports in Aviation Week and BusinessLine. Formed in partnership with Tata Advanced Systems Limited, Boeing’s...
Ocugen licenses India’s Covid-19 Vaccine for U.S use
Pennsylvania-based Ocugen just signed an agreement giving in the rights to the Bharat Biotech Covid-19 vaccine candidate, Covaxin, in the United States. Ocugen will be responsible for clinical development, regulatory approval (including Emergency Use Authorization) and commercialization of this Indian vaccine in America. Covaxin is an advanced stage whole-virion inactivated...
Medtronic to build out largest R&D center in India
When the medical device and pharma unit broke away from Tyco to form a new public company, Covidien, they very quickly hired Amritt to help guide their India R&D strategy and expansion. A few years later this led to the creation of a "captive" engineering facility in Hyderabad in south...