According to the International Monetary Fund, the global economy, in spite of having reached a plateau, will continue to grow at 3.7 percent in 2019. The outlook for 2019 is better than one might expect given the negative daily news around the globe. Strong economic growth in the U.S. will...
KKR to Acquire Majority Stake in India's Waste Management Company
New York City based private equity firm KKR & Co. will acquire a 60 percent stake in Hyderabad, India based Ramky Enviro Engineers Ltd., (REEL) for $530 million, marking the acquisition as one of India’s largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in...
Pattonair to Establish Repair Presence in India
Derby, U.K. headquartered Pattonair, a provider of supply chain services for maintenance-repair-overhaul (MRO) and airframe manufacturers, will open a wholly-owned subsidiary and support facility in Bangalore, in January 2019. Mark Ness, commercial director for India at Pattonair, said that the company will not only aim to work with customers in...
Samsung Inaugurates World's Largest Mobile Phone Factory in India
Prime Minister Narendra Modi inaugurated Samsung India’s new mobile handset manufacturing facility at Noida, in the northern state of Uttar Pradesh on Monday, July 9, 2018. Accompanied by senior members of his cabinet, officials, as well as industry captains, South Korean President Moon Jae-in marked his first ever state visit to India. He...
Netherlands, India to Cooperate in IT, Health, Science Sectors
Commending the 10th anniversary of the Indo-Dutch collaboration in Science, Technology and Innovation Prime Ministers Narendra Modi and Mark Rutte agreed to increase focus on public-private partnerships, the linking of ecosystems to help drive innovation, and cooperation in the field of information technology, science and technology, and health. They emphasized...
India to Set Up World's Largest Solar Farm
The Government of Gujarat, a state in the western part of India, approved setting up a 5 gigawatt solar farm at the Dholera Special Investment Region. The project will contribute significantly toward Prime Minister Modi's target of producing 175 gigawatt of electricity through renewable energy sources by 2022. The solar...