Tokyo-based Mitsubishi Electric Corporation announced an investment of approximately $30 million, in its subsidiary Mitsubishi Electric India Pvt. Ltd., to establish a new factory in India. This facility will be located in Pune, Maharashtra, and will manufacture inverters and factory automation (FA) control system products. Operations are expected to start...
Serum Institute of India to Stockpile Vaccines for the World
On the outskirts of Pune, in India's western state of Maharashtra, at the 100-acre campus of Serum Institute of India (SII), CEO Adar Poonawalla proposes to set up a plug-and-play vaccine-making facility in preparation for the next pandemic. Since the facility can handle all different technologies, Poonawalla has offered 300,000 sq...
HealthEdge Launches India Operations Facility
Burlington, MA-based HealthEdge, that offers integrated financial, administrative, and clinical platforms for health insurers, announced the launch of its India operations delivery center in Pune, Maharashtra. Steve Krupa, CEO of HealthEdge, a portfolio company of Blackstone, said, "Our Pune center aligns with our growth strategy and will be a hub...
Mercedes Rolls Out S-Class Assembled in India
On October 7, German premium car maker Mercedes-Benz launched its new and locally-assembled S-Class luxury sedan from its Chakan facility in Pune, The model is available in two variants: S 350 d, and S 450 4MATIC. In June this year, the company had launched the imported (completely built unit) version...
Blackstone Increases Investment in India’s Logistics Segment
Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone's India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located...
Washington Galvanizes as India Battles Covid-19 Tsunami
On April 6, 2020 , as the United States was pummeled by the Covid-19 pandemic, Time Magazine lamented how India had blocked exports of a malaria drug that held potential to treat novel coronavirus patients. The President of the United States tweeted asking India for help and within just six...