California-based Cisco Systems Inc., and Colorado-based global engineering firm CH2M have announced a new global strategic alliance to provide urban planning, design and smart technology integration and delivery services for their first project in India, reports CNN Money. Their first integrated delivery will be to Shendra-Bidkin an industrial smart city...
Ikea to Operate 25 Stores in India
The Swedish home furnishings company IKEA has announced a long term plan to open 25 stores in the country at a cost of $80 million per store. In July this year the company bought land in Hyderabad in south India for its maiden store. Business Standard reports that IKEA has...
Philips Launches Healthcare Innovation Center in India
Royal Philips, a Netherlands-based company, launched its Healthcare Innovation Center in Pune, in the western state of Maharashtra – the first-of-its-kind in an emerging market. In an interview with Business Standard, Sameer Garde, president, South Asia, Philips Healthcare, said, “At present we are focused on diagnostic, therapy, treatment, post therapy,...
LyondellBasell to Acquire SJS Plastiblends of India
Houston-based LyondellBasell Industries announced that it has entered into a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd., a polypropylene compounds manufacturer, located in Aurangabad in the western state of Maharashtra, India reports CNN Money. “This acquisition will expand our global PPC manufacturing footprint and allow us to...
GM Will Invest $1 Billion in India
The Detroit car maker General Motors Co., said that it will invest $1 billion over the next few years to turn India into a global export hub. This investment will be part of a $5 billion commitment to develop a global family of Chevrolet vehicles along with Shanghai Automotive Industry...
America's Jeep Returns to India with $280 Million Investment
Fiat Chrysler Automobiles announced that it will invest approximately $280 million in its manufacturing joint venture, Fiat India Automobiles, with Tata Motors. The manufacturing facility in Ranjangaon, located around 31 miles (50 km) from Pune in the western state of Maharashtra, will support the production of a new Jeep vehicle. Production is...