Investment

The National Institution for Transforming India (NITI Aayog) is partnering with Perlin Network to progress the development of artificial intelligence using distributed computing infrastructure in India and to develop the concept of an “India cloud” based on distributed computing resources.

India will continue to be an important segment of Singapore-based Olam Group’s global multi-agri business with continuing investment commitment.

Middlesex-based TMD Technologies Ltd aims to start manufacturing in India in the coming years, supplying to both the domestic and export markets.

Enventive Engineering is a software specialist in mechanical engineering design that seamlessly combines force, tolerance and variational analysis with conceptual design, performance modeling, and design optimization, and has robust expansion plans in India.

The global health care BPO market is expected to grow at a compound annual growth rate (CAGR) of about 10.7% from US$113.2 billion in 2013 to US$188.9 billion by 2018, according to a report on India outsourcing.

Tablez, the organized retail arm of Indian-origin LuLu Group International, has signed a strategic cooperation agreement with Chinese lifestyle brand YOYOSO to bring its stores to India.

Global investment firm KKR will acquire a 60% stake in Ramky Enviro Engineers Limited (REEL), a leading provider of environmental services and solutions in India and overseas.

The Civil Aviation Ministry is working to ensure the Indian airline sector is a locomotive for the global civil aviation, with an investment of Rs.4.5 lakh crore, its secretary R.N. Choubey has assured.

ASSOCHAM seeks hand-holding     Aviation, the sector which was showing an immense promise till about a year ago, is facing head winds with most of the airlines battling a survival issue. The sector is hit by rising fuel costs...

The South Korea-India defence cooperation will get a major boost with Korean defence contractors evincing avid interest in investing in defence industrial corridors coming up in Tamil Nadu and Uttar Pradesh.