Paul Smith, chief procurement officer of London, U.K.-headquartered BAE Systems, scouted for suppliers from among 70 Indian companies to feed into their global supply chain. Smith said his company would like Indian suppliers to satisfy and execute the $221 million offset contracts for the Indian Army order for 145 M777 ultra...
India Buys British Radars to Secure Border
U.K.'s Blighter Surveillance Systems, will supply the Blighter B400 series E-scan micro Doppler ground surveillance radars to India’s Mumbai-based Tata Power Company. Tata Power will deploy these radars as part of the Indian government's Comprehensive Integrated Border Management System that aims to establish a multi-tier security system -- including ground...
India Ranks in Top 10 Commonwealth Innovation Index
Commonwealth Secretary-General Patricia Scotland launched the Commonwealth Innovation Hub on April 16 the opening day of the 2018 Commonwealth Heads of Government Meeting in London. On the sidelines of the Meeting, a Commonwealth Innovation Index was launched where India was ranked at 10th position topped by the United Kingdom, Singapore,...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
U.K.'s Apax Partners Acquires India's Healthium Medtech
London-headquartered Apax Partners acquired Bangalore-based Healthium Medtech in a deal worth approximately $350 million. (In mid-March I had mentioned that this deal was in the offing.) Healthium is India's largest medical consumables and surgical sutures company. It also owns Quality Needles and U.K.-based Clini Supplies. "Healthcare is a key focus...
Will Connected Healthcare Drive 5G in India?
Maryland-based Ciena, a telecom infrastructure company, and London, U.K.-based research firm Analysys Mason posit connected healthcare will be the most important driver for 5G in India. The report also suggests that telecom operators need a strong wireline phone strategy for 5G services to be productive in future. India's Bharti Airtel...