The Nikkei Asian Review reports that numerous multinationals have chosen India as an attractive R&D destination. More recently, taking advantage of employment costs, as well the availability of technical skills, many companies across a variety of industry verticals have begun to set up their R&D centers or have enhanced their...
HID Global Inaugurates R&D Center in India
Headquartered in Austin, Texas, HID Global, a company that provides secure identity solutions, inaugurated a new 10,000 square foot design center in Chennai, in the southern state of Tamil Nadu in India. The validation and verification service for all electronic and software products and services will be carried out here...
Delta Electronics to Invest $500 Million in India over Next 10 Years
CEO Ping Cheng of Taiwan-based Delta Electronics that deals in energy solutions, digital surveillance, solar inverters, industrial automation, projectors and commercial displays, announced at the Digital India event that his company would invest $500 million over the next ten years and will create 20,000 new jobs in the country. The...
Ford Motors to Set Up Another Engineering and Technology Center in India
Adding to its previous recent investment in India of $2 billion, the Ford Motor Co confirmed fresh investments for setting up a new global engineering and technology center in Chennai, in the southern state of Tamil Nadu, while concomitantly expanding capacity at its existing manufacturing plant in Chennai, reports ET...
Amazon India Localizes
With increasing awareness, and Internet penetration in India, e-commerce is blooming. Currently, Amazon India has launched bookstores in Hindi, Kannada and Tamil – three regional languages in India. The Hindi bookstore was launched in April 2014 with over 23,000 titles. It offers a vast selection of genres ranging from literature,...
Startup BankBazaar Scores a $60 million Series C Led by Amazon
Virtual financial marketplace, BankBazaar, raised a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International reports Tech Crunch. With this investment, Amazon enters the online personal finance market. Located in Chennai in the southern state of...