WeWork India's franchisee has filed for an initial public offering (IPO) in Mumbai. The offering will include the sale of 33 million equity shares by Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant, without issuing new shares. As a result, WeWork India not receive any proceeds...
GE Healthcare Plans to Expand R&D, Manufacturing in India
Peter Arduini, CEO of GE HealthCare (GEHC), shared his strategic vision for the company's operations in India during a interview with Forbes India. His plan centers on transforming India into a crucial hub for GEHC's global operations through enhanced manufacturing capabilities and strategic partnerships. Arduini emphasized GEHC's shift from importing...
Taiwan’s AMB and India’s RRP Electronics Partner on Memory Module Innovation
Mumbai headquartered RRP Electronics Limited and AMB, Taiwan, signed an agreement to: - Develop and manufacture memory modules (SPI NAND, MICROSD, EMMC, SSD) - Share technology including substrate designs and test programs - Generate projected revenue of $25M annually Manufacturing details: - Primary facility: 40,000 sq ft OSAT (Outsourced Semiconductor...
WPP Expands India Footprint with New Chennai Campus
Headquartered in London, WPP plc is one of the world's largest advertising and public relations holding companies. Founded in 1985 by Sir Martin Sorrell, WPP has grown through numerous acquisitions to become a dominant force in the global marketing communications industry. WPP works with many of the world's leading brands...
Aptar Pharma Expands Footprint in India
Crystal Lake, Illinois-headquartered Aptar Pharma, a global leader in drug delivery systems and solutions, has opened a new production facility in the Palava Industrial and Logistics Park at Taloja, Mumbai. This expansion increases Aptar's manufacturing capabilities in Southeast Asia to meet growing customer demand in the region. The new facility...
EssilorLuxottica, India’s Reliance Retail, Enter into Licensed Partnership
EssilorLuxottica Group, an Italian-French vertically integrated multinational corporation based in Paris, has partnered with Reliance Retail to operate the franchise operations of its LensCrafters brand in India. Based in Mason, Ohio, LensCrafters is a retailer, with stores also in Canada and Puerto Rico. Founded in 1983 LensCrafters is known for...