India and Israel Sign Defense Agreements Worth $4.3 Billion

Ten agreements worth $4.3 billion were signed during a formal meeting of India-Israel CEOs forum in Tel Aviv soon after Indian Prime Minister Narendra Modi’s visit. These include the manufacture of air defense systems, radars, anti-ship missiles, and medium altitude long endurance UAVs in India, under technology transfer. Israel Aerospace Industries (IAI) and Kalyani Strategic […]

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July 11, 2017   No Comments

Indian Oil Corporation to Buy American Crude Oil

State-owned Indian Oil Corporation floated its first tender to purchase high-sulfur, or sour, crude from North America as it seeks to diversify imports. BusinessLine reports that India’s largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States, and Western Canadian Select from Canada. Sellers are […]

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July 11, 2017   No Comments

Harvard Study: India Becomes New Economic Growth Pole, Surpasses China

According to the Harvard University‘s Center for International Development  growth projections, India will feature on top of the list of the fastest growing economies until 2025 with an average annual growth of 7.7 per cent. The university-wide center works to advance the understanding of development challenges and offer viable solutions to problems of global poverty. […]

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July 10, 2017   No Comments

India’s Wipro Partners with Israel Aerospace Industries

Wipro Infrastructure Engineering (WIN), subsidiary of Wipro Enterprises (P) Ltd and Israel’s state-owned Israel Aerospace Industries (IAI) announced a strategic alliance for manufacturing composite aerostructure parts and assemblies. Wipro Infrastructure Engineering will set up a manufacturing facility in India in partnership with IAI to meet the requirements of global aircraft original equipment manufacturers and tier-1 […]

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July 6, 2017   No Comments

GE Plants Deep Local Roots in India

In a remote eastern corner of the northern state of Bihar in India, 600 miles south-east of Delhi, GE’s factory in Marhaura will house its locomotive project – GE’s centerpiece of its $200 million investment. Government of India’s $2.5 billion order for 1,000 locomotives over 11 years is one of the largest deals ever for […]

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July 4, 2017   No Comments