OIC International, Medi Mold from India’s Andhra Pradesh Medtech Zone (AMTZ), and AddUp, a French subsidiary of the Fives Group, have entered into a partnership to establish a new orthopedic implant manufacturing facility in India. The facility will be located within AMTZ, Andhra Pradesh, a medical device manufacturing park. Through...
Trade Corridor to link Europe, Middle East, and India
On the sidelines of the G20 summit in New Delhi, a new India-Middle East-Europe Economic Corridor -- which many see as an alternative to China's nation-spanning infrastructure program, the Belt and Road Initiative -- was jointly announced on Saturday, September 9, by the leaders of the U.S., India, Saudi Arabia,...
Butterfly iQ+ Point-of-Care Ultrasound Enters Indian Market
Jeddah, Saudi Arabia headquartered Abdul Latif Jameel Health, and Wellesta Holdings, a Singapore headquartered company announced a new agreement for the marketing and distribution of the Butterfly iQ+ point-of-care ultrasound device in India. The companies will register Butterfly iQ+ in India and start promoting and selling the product in the...
India is 23rd in Weapons Export
India has figured on a list of global weapons exporters, making a modest entry at number 23 but the ranking is likely to rise sharply over the coming years with the government’s focus on encouraging weapons sales abroad. The latest data on global arms transfer by SIPRI of Sweden shows...
India's GDP Growth rises to 7.7 percent
India's gross domestic product grew by 7.7% in the quarter ended March -- a jump from the revised 7% growth rate recorded the previous quarter. "Rapid growth in agriculture (4.5%), manufacturing (9.1%) and construction sectors (11.5%) contributed to the overall growth," the Indian government said. Rising inflation, fueled by higher...
India to Become 3rd Largest Military Spender in 2018
According to the latest Jane’s Report, released by research firm IHS Markit on Dec. 12, India will become the world’s third largest military spender in 2018 surpassing UK and Saudi Arabia which currently occupy the third and fourth places. Craig Caffrey, principal analyst, IHS Jane's said, "What we expect to...