Hoofddorp, Netherlands-based Barentz International, a global distributor of specialty ingredients for the life sciences and specialty performance markets, acquired Mumbai-headquartered Radian Chemical Products, a major distributor of such ingredients in India. Barentz sources branded ingredients from leading manufacturers worldwide and provides value-added services such as pre-mixing, blending, formulation, and testing...
Israel’s Tower Semiconductor Proposes $8 Billion Facility in India
If Tower’s proposal is accepted by the government, it will be the first semiconductor company with real fabrication pedigree to join India’s $10 billion chip manufacturing initiative. Tower is looking to manufacture 65 nanometer and 40 nanometer chips in India that will be used across sectors such as automotive and...
India’s Solar Panel Maker to Invest $1 Billion in Texas
Solar photovoltaic module manufacturer Waaree Energies Limited headquartered in Mumbai, announced its planned facility in Brookshire, Texas outside Houston. This facility will be one of the largest U.S. solar factories by 2027. The facility will have 3 GW annual capacity when it opens in late 2024, expanding to 5...
India’s Tata Group to Manufacture iPhones
The Mumbai-headquartered Tata Group is set to start assembling Apple iPhones in India after Taiwan-based Wistron Corp approved the sale of its Indian manufacturing unit to the Group. The Wistron board approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125...
KKR: Asia’s Edge Lies in Industrial Services
New York-based Henry H. McVey,and Singapore-based Frances Lim, both KKR’s heads of global and Asia macro, said in an October note that Asia’s competitive advantage used to be inexpensive labor. Now, whether it’s China, India, or Japan, the region’s edge lies in industrial services. "The bid for infrastructure and logistics...
Micron Technology hires Tata Projects to Build Chip Packaging Plant
Mumbai-headquartered Tata Projects was awarded the contract to build Boise Idaho-based Micron Technology's $2.75 billion semiconductor plant in India's western state of Gujarat. An initial investment of $875 million will go into the establishment of the plant in two phases. The remaining investment will be supported by both the state...