Feeling positive about the government's Make in India initiative, French engineering and transport company Alstom of France will double its business in the country to almost $1billion in the next three years. "We love doing business in India. We are finding good business environment in India. We are looking at...
Make in India: Aequs Commences New Automotive Manufacturing Facility
In the latest example of a commitment to the ‘Make in India’ initiative, Aequs Automotive, headquartered in Bangalore, announced the inauguration of its new 100% export-oriented automotive manufacturing facility in Belagavi. Located in the state of Karnataka, Belagavi is India’s first precision engineering special economic zone. The 27,000 square feet...
U.S. and India Moving Ahead on Joint Defense Projects
India and the United States have sealed two agreements, one to jointly develop protective gear for soldiers against biological and chemical warfare, and the other on building next-generation power sources for the battlefield, according to Reuters. Each of these projects have $1 million in funding shared equally by the two sides,...
India's Government Plans to Boost Medical Device Production
India's first medical devices industrial park is set to come up in Gujarat and the second one is being planned for Tamil Nadu, said Ananth Kumar, Union Minister of Chemicals and Fertilizers, while releasing a government-industry task-force report on boosting domestic production of high-end medical technology products, according to a...
GE Opens Manufacturing Plant in Pune
Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, "The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.” The $200 million new plant is...
Make in U.S. and Make in India: A Win-Win Situation?
According to India’s Mahindra Group Chairman Anand Mahindra, President Obama has tried to create a "win-win situation”. Mahindra says that both “Make in U.S.” and “Make in India” are not conflicting slogans, but in reality are win-win situations, reports Business Today magazine. American companies can benefit by supplying technology, and...