Dallas, TX-based Vision Impact Institute is finalizing a study on commercial driver safety in India, global executive director, Kristan Gross said. "There will be 25 million commercial drivers by 2020 in India," Gross added, "and half have vision issues." According to preliminary results from a study conducted in 2017, in...
Temasek and Ascendas-Singbridge Group to Invest in India Logistics
Singapore-based Ascendas-Singbridge Pte Ltd., that offers urban development solutions, will invest $320 million in logistics and industrial real estate in India. The company launched the Ascendas India Logistics Program which targets developing a portfolio of thirteen to fifteen million square feet of space in key warehousing and manufacturing hubs in...
Cummins Inaugurates Technical Center in Pune, India
Columbus, Indiana-based engine maker Cummins Inc., inaugurated its new technical center at Pune, in India's state of Maharashtra. The company has invested approximately $1 billion in India in the past five years. "We see real opportunities for continued growth in India,” said Tom Linebarger, Cummins Inc. chairman and CEO. "The...
U.K.'s JCB India Supplies Products to 93 Companies Worldwide
JCB India, a subsidiary of J.C. Bamford Excavators Limited universally known as JCB, with headquarters in Staffordshire, England, increased its revenue from $880 million in 2014 to over $1.2 billion at the end of 2017. The largest manufacturer of construction equipment in the country, JCB India's business was boosted by...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
Boeing Renews Manufacturing Contract with India's Tata
Boeing and India's Pune-based TAL Manufacturing Solutions (TAL), signed a new contract for TAL’s continued manufacturing of the Advanced Composite Floor Beam for Boeing's 787-9 and 787-10 Dreamliner airplanes. TAL has a dedicated manufacturing facility for Boeing in Nagpur from where it manufactures and ships these beams. "Boeing has provided...