Pune, Maharshtra-based Serum Institute of India (SII) invested over $68 million in UK-based Oxford Biomedica plc, a gene and cell therapy company specializing in the development of gene-based medicines. Serum Life Sciences Ltd, a unit of SII, will pick up a 3.9% stake in Oxford Biomedica as part of the...
Mitsubishi Electric to Launch New Factory in India
Tokyo-based Mitsubishi Electric Corporation announced an investment of approximately $30 million, in its subsidiary Mitsubishi Electric India Pvt. Ltd., to establish a new factory in India. This facility will be located in Pune, Maharashtra, and will manufacture inverters and factory automation (FA) control system products. Operations are expected to start...
HealthEdge Launches India Operations Facility
Burlington, MA-based HealthEdge, that offers integrated financial, administrative, and clinical platforms for health insurers, announced the launch of its India operations delivery center in Pune, Maharashtra. Steve Krupa, CEO of HealthEdge, a portfolio company of Blackstone, said, "Our Pune center aligns with our growth strategy and will be a hub...
EDF of France Proposes 6 Nuclear Reactors at Jaitapur
Électricité de France, or EDF and Nuclear Power Corporation of India Ltd (NPCIL) will build six EPRs, also known as European Pressurized Reactor, or Evolutionary Power Reactor, at Jaitapur in India's western state of Maharashtra. The project will engage the complementary skills of EDF and NPCIL, and aims to build...
India Records Highest Ever FDI Inflow
Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...