Government of Singapore Investment Corporation (GIC) and Indian Hotels Company Limited (IHCL), operator of Taj luxury hotels, signed an investment framework for $600 million to acquire hotels in India. GIC will contribute 70% of money to the investment platform while IHCL will put in 30 percent equity in every acquisition over...
Everstone Acquires India's CPC Diagnostics
Singapore headquartered private equity firm Everstone Group’s healthcare platform Everlife has made its first investment in India in Chennai-based CPC Diagnostics. The deal will help Everlife include core in-vitro diagnostic segments in its portfolio of medical devices and expand its presence to India. Founded in 1987, CPC Diagnostics is a...
Andhra Pradesh Seeks International Collaborations for Aquaculture
To improve aquaculture, the Indian State of Andhra Pradesh's Fisheries Department held discussions with organizations from Singapore, Netherlands, Vietnam, and other countries, to establish collaborations for knowledge-sharing and technology transfer. Teams from these countries visited the State and held talks on forging a joint partnership in deep sea fishing as...
India Accepts Electronic Instructions for Use for Med Tech
India's Ministry of Health & Family Welfare has accepted electronic instructions for use (eIFU) for medical devices and equipment, and has formalized this decision. The Medical Technology Association of India (MTaI), which represents leading research-based medical tech companies that have significant investments in India, said that the eIFU acceptance is...
Singapore's MyDoc Debuts in India
Singapore-based digital health startup MyDoc took its first major step into the Indian market through a joint venture with Aliso Viejo, California-based UST Global a multinational provider of Digital, and IT services and solutions. The partnership expands access to MyDoc’s virtual managed care platform to more than 14,000 UST employees across...
India Receives $540 Billion in FDI for FY18
Foreign direct investment (FDI) during the previous fiscal grew 18 percent to over $540 billion, data from India's central bank, the Reserve Bank of India , evidenced. FDI increased by over $60 billion including revaluation of past investments, during 2017-18 to reach $540 billion in March 2018 at market value, according...