Speaking to the media on the sidelines of State of Maharashtra’s Agribusiness and Rural Transformation (SMART) event, Krish Iyer, president and CEO, India operations, said that Walmart will focus on tier-2 cities since they offer the company a good opportunity to service the kirana or small family-run stores, as also...
Holtec to Manufacture Equipment for Nuclear Power Plants in India
Camden, NJ-based energy technology company Holtec International, Inc. will invest $680 million to build a facility in the western state of Maharashtra, India, dedicated to manufacture high-end nuclear power plant equipment. The Holtec Heavy Manufacturing Division plant will also be equipped to meet the "heavy weldment" needs of petroleum, chemical,...
IBM AI to Predict India Crop Yields
India's government policy think tank NITI Aayog signed a deal with IBM India Private Limited to develop a prediction model for crop yields using artificial intelligence (AI). IBM will be develop the technological model for improving agricultural output and productivity for various crops and soil types, and NITI Aayog will...
Israel's Innovation Platform SOSA to Set Up Hubs in India
Israel-based South of Salame (SOSA), an open innovation platform aims to set up innovation hubs in at least three of India's states: Maharashtra, Goa, and Assam. The state of Andhra Pradesh has already signed an agreement with SOSA, to set up an innovation center in the city of Vishakapatnam. These...
India Company Acquires Boston Health Startup
Pune, Maharastra-based Persistent Systems acquired Boston, MA-based hospital data management company, Herald Health, a two-person health tech startup with successful pilots at Brigham and Women's and Boston Children's Hospitals in Boston. The deal was closed for $5.2 million. Herald Health has created a software platform that allows various hospital stakeholders...
GE and EDF to Set Up Six EPRs in India
GE and French Electricite De France (EDF) signed a strategic cooperation agreement for the planned construction of six EPR reactors at the Jaitapur site in Maharashtra, India. The EPR -- European Pressurized Reactor or Evolutionary Power Reactor -- is a third generation nuclear reactor developed by the French companies Areva...