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...
Lord Lister Visits India, Prepping for U.K. Prime Minister Visit
Lord Eddie Lister, Boris Johnson’s special envoy to the Gulf countries visited India to secure millions of doses of the Oxford/AstraZeneca vaccine being manufactured under license by India’s Serum Institute. Lister and international affairs adviser David Quarrey met India’s foreign secretary Harsh Shringla in New Delhi to “discuss bilateral relations...
Philips Expands India Manufacturing in Pune
In Chakan, near Pune in western India, the medical device unit of Philips is building out a$42 million factory. The company has been present in India for over 90 years and has had operations of various kinds in Pune, some of which it still owns. Over the long term, "We...
Philips Offers Mobile ICU Units For Covid-19 in India
Designed to meet the critical-care requirements of Covid-19 patients, the Philips pre-fabricated Intensive Care Unit (ICU) has a capacity for nine beds and is locally manufactured by Philips in India. Each ICU unit can be assembled in one day at the chosen site. Each of these portable ICUs comes equipped...