Kia Motors Corp., affiliate of South Korea's Hyundai Motor Co., will invest $1.1 billion to build its first factory in the state of Andhra Pradesh in India. The plant will have a production capacity of 300,000 vehicles a year, and it will produce a compact sedan and a sport utility...
Israel Aerospace Industries Inks 3 Deals in India
Israel Aerospace Industries, (IAI) the nation’s largest aerospace and defense firm, signed three cooperation agreements with Indian companies at the Aero India exhibition held last month in Bangalore. The agreement between IAI and India’s Bangalore-based Dynamatic Technologies Limited calls for the Israeli company to transfer technology and production capabilities to...
Peugeot Buys India's Iconic "Ambassador" Car Brand
French automobile conglomerate PSA Peugeot Citroen (also known as the PSA Group), finalized a $12 million deal to acquire Hindustan Motors from parent company the C.K. Birla Group. Once known as the ‘King of Indian Roads’, the Ambassador car brand is the most iconic car of India. Modeled after the...
India's Coal-Fired Power Plant is Making Baking Soda
The coal-based Tuticorin Thermal Power Station owned by the government of the southern state of Tamil Nadu, is using a new proprietary solvent developed by the Mumbai-born Carbon Clean Solutions, which converts carbon dioxide from the flue gases to baking soda, a base chemical with a wide range of uses...
India Commissions Largest Solar Plant in the World
Kamuthi, in the southern state of Tamil Nadu in India, now has the world’s largest solar power plant in a single location. With a capacity to produce 648 MW of electricity, the plant covers an area of 4 square miles. The project consists of 380,000 foundations, 2.5 million individual solar...
Henry Ford Health System Debuts in India
Michigan-based Henry Ford Health System signed a 20-year technology licensing arrangement with Pearl Human Care Pvt. Ltd., that is putting up a super-specialty hospital in Vellore, in the southern state of Tamil Nadu. The company is also looking at India for similar tie-ups with green and brown field hospital projects....