Japan's Takeda has entered into a new manufacturing partnership with Hyderabad-based Biological E. Limited (BE) in India to boost production capacity for its dengue fever vaccine Qdenga. This collaboration aims to accelerate access to Qdenga and brings Takeda closer to its goal of producing 100 million doses of the vaccine...
India Invites IPEF Nations to Invest in Clean Economy Opportunity
Ministers from the 14 countries participating in the Indo-Pacific Economic Framework (IPEF) have agreed to collectively invest at least $120 billion by 2030 to promote renewable energy and energy storage technologies. This commitment was made during an online ministerial meeting held on March 14, as the IPEF member nations aim...
India Reviews $21 Billion in Semiconductor Proposals
The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...
Japan’s Nidec to Expand Manufacturing Footprint in India
Japanese electric motor company Nidec Corporation is optimistic about business opportunities in India and plans to build additional manufacturing plants there by 2025 to meet rising demand. Nidec president Hiroshi Kobe said the company may construct more facilities in India, aiming to capitalize on growing demand for electric motorcycles, air...
India-Made Honda Cars Will Ship to Japan
Japanese automaker Honda is set to export its India-made mid-sized SUV, Elevate, to the Japanese market in spring 2024. This will be the first time a vehicle manufactured by Honda Cars India Limited (HCIL), Honda's wholly-owned subsidiary in India, will be exported to Japan's highly regulated auto market. The Elevate...
Takeda-BIRAC Partnership to Foster Indian Biotech Innovation
At the Global Bio-India 2023 summit, Japan-headquartered pharmaceutical company Takeda signed a three-year Memorandum of Understanding with India's Biotechnology Industry Research Assistance Council (BIRAC), a state-owned entity. Under the agreement, Takeda will provide advisory and mentoring support to Indian innovators and entrepreneurs to help them develop new healthcare solutions from...