Apple supplier, Foxconn Technology, will invest more than $1.5 billion in an Indian construction project to fulfill its "operational needs," the company announced in Taiwanese security filings. According to one of the securities filings and Indian corporate records,the funds were made through a Foxconn subsidiary, Hon Hai Technology India Mega...
Medtronic to build out largest R&D center in India
When the medical device and pharma unit broke away from Tyco to form a new public company, Covidien, they very quickly hired Amritt to help guide their India R&D strategy and expansion. A few years later this led to the creation of a "captive" engineering facility in Hyderabad in south...
Coca-Cola Factories in India Go Green
Hindustan Coca-Cola Beverages said that all three of its factories that it operates in India's southern states of Andhra Pradesh and Telangana will be using solar power as the primary source of energy for manufacturing operations. The company has signed agreements with Vibrant Energy, a Hyderabad-based green energy solutions company,...
India's Largest Medical Device Park Opens for Business
At 250 acres, India's largest medical devices park started operations in the outskirts of Hyderabad in the state of Telangana. K.T. Rama Rao, Minister for IT, Municipal Administration and Urban Development and Industries, who inaugurated the park, said, "We will provide all the necessary facilities to develop this park into...
State of Andhra Pradesh in India Wins CSIS Award
The Center for International & Strategic Studies (CSIS), a well-respected Washington think tank, has just released the first in a series of reports identifying which of the various Indian states have instituted breakthrough reforms of the business climate. The southern state of Andhra Pradesh, under Chief Minister N. Chandrababu Naidu's leadership wins...
Hyderabad, India, to Be Biggest Offshore Campus for Amazon Inc. by 2019
Spanning 3 million square feet, and spread over 10 acres of land, the new Amazon campus (for which the foundation stone was laid in the last week of March) will have “thousands” of employees managing back-end operations of Amazon’s various global businesses. The facility will also house a technology development...