A significant infrastructure investment initiative was announced for the Indo-Pacific region, with a coalition formed by KKR, Global Infrastructure Partners (GIP), and the Indo-Pacific Partnership for Prosperity committing $25 billion. U.S. Commerce Secretary Gina Raimondo revealed this development during her visit to Singapore, highlighting the strategic importance of infrastructure development...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
Biden Launches the Indo-Pacific Economic Framework
On May 23 during President Biden's first Asia tour, he revealed Washington’s long-awaited Asia-Pacific economic strategy: the Indo-Pacific Economic Framework for Prosperity (IPEF). "The future of the 21st century economy is going to be largely written in the Indo-Pacific — in our region," the President said. Along with a dozen...
Azelis Expands Distribution in India
Belgium-based Azelis, a global provider of specialty chemical and food ingredients, has extended its distribution scope in partnership with San Diego headquartered CP Kelco in India, Indonesia, Malaysia and Thailand. Starting July 11, Azelis will cover the food market in India. Azelis will distribute the complete range of CP Kelco’s...
Warburg Pincus To Invest $1 billion in India Real Estate
New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
BD India To Certify Hospitals in Patient Safety
Franklin Lakes, New Jersey-based Becton, Dickinson (BD) in partnership with the Oakbrook, Illinois-headquartered Joint Commission International (JCI) launched a new patient safety program for hospitals, called Preventing Risks of Infections and Medication Errors in Intraveneous Therapy (PRIME) in India. PRIME is a programmatic approach toward patient safety which will be...