BNP Paribas, the French bank, has leased 500,000 square feet of office space in Chennai, in southern India, according to The Economic Times. The ten-year lease covers four floors at One Radial and is one of the largest office leases in the city this year. Mindspace Business Parks REIT, a...
KONE Chief Says India Is a Manufacturing Center for the World
KONE, the Finland-headquartered elevator and escalator maker, plans to raise exports from its factory near Chennai, in southern India, and sees the country's aging elevators as its next source of growth, its chief executive said in an interview. Philippe Delorme, president and chief executive of KONE Corporation, told The Hindu...
GE Aerospace Plans to Nearly Double Spending With Suppliers in India
GE Aerospace in Evendale, Ohio, plans to nearly double what it spends with suppliers in India, to $400 million a year by 2030. The company announced the plan at an event in New Delhi, in northern India alongside an economic impact report on its four decades in the country. Vikram...
Belden Expands Manufacturing for Its Ruckus Wireless Business in India
Belden, the networking equipment maker headquartered in St. Louis, Missouri, is expanding local manufacturing capacity at its existing facility in Pune, India, to build Ethernet switches for its Ruckus Wireless business, according to Business Standard. The move follows Belden's $1.8 billion acquisition of Ruckus Wireless and marks a break from...
Uber Invests $10 Million in India Fleet Partner Carrum Mobility
Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...
Alcon Adds Second Global Capability Center in Bangalore
Alcon, one of the world's largest eye-care medical device companies, has expanded its Global Capability Center operations in India with the opening of a second Alcon Global Services facility in Bengaluru. The expansion is notable not simply because Alcon is adding office capacity in India, but because of the range...