In a remote eastern corner of the northern state of Bihar in India, 600 miles south-east of Delhi, GE's factory in Marhaura will house its locomotive project - GE's centerpiece of its $200 million investment. Government of India's $2.5 billion order for 1,000 locomotives over 11 years is one of...
GM Commences Export of Sedans from India
General Motors shipped a consignment of 1,200 Chevrolet Beat sedans to markets in Latin America from its plant located in Talegaon, near the city of Pune, in India. Production of these autos started a year ago. Earlier this year, GM had exported Chevrolet Beat hatchbacks to the same markets. GM...
Warburg Pincus to Invest in India's Tata Technologies
New York-based private equity firm Warburg Pincus will invest $360 million in Tata Technologies for a 43 percent stake, of which 30 percent will be acquired from Tata Motors, the parent company, and 13 percent from Tata Capital. Tata Technologies provides outsourced design, research and development services to the automotive, aerospace,...
H.B.Fuller Sets up R&D Facility in India
St. Paul, Minnesota-based adhesives manufacturing company H.B.Fuller, expanded operations in India by adding a research center in its manufacturing facility at Shirwal, near Pune, and a business office in Pune. The company serves industries such as electronics, disposable hygiene, medical, transportation, clean energy, packaging, construction, and woodworking. Jim Owens, president...
Dell EMC to Invest $1 Billion in India
IT infrastructure provider Dell EMC, based in Massachusetts, plans to invest $1 billion to set up its product development center in Pune, a city 75 miles east of Mumbai, as well as expand its manufacturing base in India. The company already has a factory near Chennai, in south India, from...
"Co-Working" Catches on in India
Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year. "Though still nascent, this category could prove to be a disrupter as bigger co-working...