Forbes highlights India's emerging role as a significant global manufacturing hub and a promising destination for supply chain diversification. With the increasing geopolitical tensions and instability impacting global supply chains, many companies are exploring alternative regions to reduce risks and enhance flexibility in terms of costs and lead times. India...
KKR Acquires Majority Stake in LEAP India
On August 2, as part of its Asia infrastructure strategy, global investment firm KKR & Co., announced the signing of definitive agreements to acquire a majority stake in pallet pooling platform LEAP India. The transaction is expected to be completed by Q3 2023, Founded in 2013 by Sunu Mathew, Mumbai-based...
Boeing to Ramp Up Sourcing Parts from India
Aerospace giant Boeing is planning to boost its engagement with India by stepping up sourcing of key components and high value parts from the country. The company is also exploring the potential to set up a manufacturing unit to tap the opportunities offered by the fastest growing aviation market, said...
China's Haier to Manufacture all Products in India
According to a recent article, by 2016, the Chinese consumer durables major Haier will manufacture all of its products in India. This will shield Haier India from the rupee-dollar fluctuations and encourage faster growth. Their 40-acre facility in Pune currently holds imports from China such as refrigerators, televisions, washing machines,...
Alstom extends supply chain in India
France's Alstom will spend €30 million to develop the 156 acre Sri City facility in southern state of Andhra Pradesh. The project will bring in new technology and engineering capabilities that could help make modern metro trains locally. The project will also eventually attract investments in India by Alstom’s global...