Pune, India headquartered auto components maker Bharat Forge will invest $55 million in setting up an aluminum forging facility in Tennessee. The unit will will commence production in 2020 and will cater to the North American car market. To improve the financial strength of its international operations, the company's emphasis...
Indium Corporation to Expand to India
Clinton NY-based Indium Corporation and Chennai, India headquartered MEL Systems and Services Limited (MELSS) have formed a strategic partnership to expand accessibility to Indium Corporation soldering materials throughout India. MELSS will sell all of Indium Corporation’s soldering materials, such as low-voiding solder paste and solder preforms for bottom termination components,...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...
Vision Impact Institute Spreads Awareness on Driver Safety in India
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...