During his European tour, Prime Minister Narendra Modi’s visit to the Netherlands yielded an agreement in the tech sector: India’s Tata Electronics signed an $11 billion deal with Dutch technology giant ASML. As Europe’s largest technology company by market value, ASML will provide advanced lithography machines and technical support to...
Bilthoven Biologicals of Netherlands and Bharat Biotech,roduce Polio Vaccines
Hyderabad India-based Bharat Biotech, a major vaccines and bio-therapeutics manufacturer in India, announced a collaboration with Bilthoven Biologicals B.V., the Netherlands-based wholly-owned subsidiary of Serum Institute of India. The partnership aims to strengthen the production and supply security of oral polio vaccines. Polio, or poliomyelitis, is a highly contagious and...
Barentz International Acquires India’s Radian Chemical
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...
U.S. Among Top Destination for India’s Petroleum Products in November ‘22
In November 2022, The U.S. sourced refined petroleum products worth $588 million from India. Analysts said that the imports increased amid the high demand for crude ahead of the U.S. holiday season. Europe’s November imports of petroleum products from India also showed significant changes: Portugal, Belgium, and Italy increased imports...
Prosus Calls Off $4.7B Takeover of India’s BillDesk
Amsterdam-listed Prosus NV, the investment arm of South Africa's multinational Naspers, terminated the $4.7 billion acquisition of online payments gateway company BillDesk, based in Mumbai, India. In a note published on Prosus’ website, Eoin Ryan, head of investor relations, said, "Certain conditions precedent were not fulfilled by the September 30,...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....