GM Makes India an Export Hub

While closing down sales of its automobiles in India, Michigan-based General Motors will continue making vehicles in India, primarily as an export hub for Mexico, Central America and South America. The company also plans to maintain its technical center, R&D facilities, and sourcing components. “As the industry continues to change, we are transforming our business, […]

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May 22, 2017   No Comments

India to Buy $75 Million in Chemical Warfare Armor from U.S.

The Government of India requested the U.S. Defense Security Cooperation Agency for equipment to protect its soldiers against biological and chemical warfare. The U.S. government has approved a $75 million foreign military sale of high-tech chemical protective clothing. The Joint Service Lightweight Integrated Suit Technology consists of 38,034 each: suits, pairs of trousers, pairs of […]

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May 21, 2017   No Comments

9 U.S. Companies among Top 25 Best Workplaces in India

Based on LinkedIn‘s study of actions, nine American companies are listed among the 25 most desirable companies for employees in India. At #2 is Amazon: With more than 10,000 employees in India Amazon is rapidly expanding its Prime Video offerings in the country, investing $5 billion in 2016 with plans to double that investment in 2017. […]

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May 21, 2017   No Comments

India Finalizes Rates for new GST Tax

At a two-day meeting of the Goods and Services Tax (GST) Council in Srinagar, the capital of India’s northernmost state of Jammu and Kashmir, India finalized tax rates that will apply to different goods and services from July 1. A panel comprising federal and state finance ministers fixed the rates for over 1211 items under […]

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May 20, 2017   No Comments

Global Automakers to Invest $8 Billion in India

Over the next four years, automakers will invest $8-10 billion to set up factories in India. Maruti Suzuki, South Korea based Hyundai Motor Company and Kia Motors, Chinese SAIC, Changan and Beiqi Foton, and Italy’s Fiat, are among the companies that plan to expand production in the country. The Indian subsidiary of SAIC Motor Corp […]

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May 20, 2017   No Comments