PepsiCo India announced plans to invest $71 million over three years to set up a greenfield snacks manufacturing plant in India's northern state of Uttar Pradesh. The new investment plan aligns with PepsiCo’s goal to double its snacks business in the country by 2022. The project will entail 'backward integration'...
Singapore Fund Invests in India's Infrastructure Sector
Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
Rajnath Singh: Minister for Defense, India, 2019
Born to a farmer’s family in a village in India’s northern state of Uttar Pradesh on July 10, 1951, Rajnath Singh began his career as a professor in Physics. He served as the Chief Minister of Uttar Pradesh, India’s most populous state and a Cabinet Minister in the Atal Behari...
Samsung to Turn India into Hub for Components Business
With the government's thrust on 'Make in India', where tax on imported mobile and consumer electronics components is going up, Samsung sees a big business opportunity in manufacturing them in the country. The Korean company plans a fresh investment of $350 million initially in this business and will ramp up...
India's HCL Acquires Seattle's Strong-Bridge Envision
Headquartered in Noida, a distance of 13 miles from Delhi, HCL Technologies acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm backed by Bow River Capital of Denver, CO. With offices in Seattle, Denver, Atlanta, and New York City, Strong-Bridge Envision (SBE) will become part of HCL’s global Digital and...
S. Korea's First Lady Visits India
In the first week of November, South Korean First Lady Kim Jung-sook arrived in New Delhi on a four-day visit during which she participated in Diwali festivities and attended a groundbreaking ceremony for a park dedicated to Korean Queen Heo, in India's northern city of Ayodhya. According to legend, a...