Wood Dale, IL-headquartered AAR Corp, global provider of aviation services to commercial airlines, announced a joint venture with Mumbai, India-based Indamer Aviation, for the development of a new airframe maintenance, repair and overhaul (MRO) facility in Nagpur, India. "We are excited to expand AAR's MRO expertise outside of the Americas...
India's JVs Will Manufacture Rifles For Export
During DefExpo 2018, the defense exhibition that took place at Chennai this month, companies from India signed joint ventures with foreign arms manufacturers to make some of their products in India. Utah-headquartered Desert Tech partnered with Nagpur, India-based Neco Group. The joint venture Neco Desert Tech Defense, will make rifles that...
Boeing To Hire 800 Employees in India
Headquartered in Chicago, Illinois, Boeing is set to hire 800 employees over the next two years in India. The company plans to take fresh hires on board for job functions ranging from core engineering to frontline factory workers, and also support functions such as human resources, top company executives said....
Baxter Acquires India's Claris Lifesciences
To boost its position in the global sterile injectables market, estimated at more than $40 billion and growing at a 10% annually, Illinois-based Baxter International acquired Ahmedabad, India-based Claris Lifesciences, that deals in the specialty injectables business, for $625 million. The deal will close in the second quarter of 2017....
Ionic MSM Inc Expands to India
Illinois-based Ionic MSM Inc., a health and wellness firm, has setup a fully integrated production unit at Jaipur in the northwestern state of Rajasthan, to manufacture products based on an organic form of sulfur called methyl sulfonylmethane (MSM) for India and other Asian markets. The new entity, Ionic MSM Ltd.,...
Abbott Labs Leads the Way in India Pharmaceutical Market
India is one of the fastest growing pharmaceutical markets in the world generating almost $8 billion per year. That amount is more than expected to double by 2015 with annual growth from 15 to 20 percent. Following the acquisition of India's pharma leader Ranbaxy Labs by a Japanese company, the...