NetApp Inaugurates a Global Center of Excellence in India

Sunnyvale, California-based storage and data management company NetApp opened a Global Center of Excellence in Bangalore. The 12,000-square-foot data center and engineering laboratory on a 15-acre campus incorporates one   million square feet of work space. The new facility incorporates the company’s first startup accelerator program called “Escape Velocity” that will foster technology startups and expand the Data Fabric ecosystem.

NetApp CEO George Kurian said, “Our continued investment in India, with its highly skilled talent, collaborative government, and global business partners, strengthens our ability to succeed in the new era of hybrid cloud.”

NetApp Innovation Center

Deepak Visweswaraiah, managing director of NetApp India and head of NetApp’s worldwide Data Fabric and Manageability Group, stated, “As we evolve our Data Fabric approach, the Escape Velocity program will help to share our technology expertise and business acumen with innovative startups, which will add to the robust cloud data management ecosystem our customers need.”

 

March 18, 2017   No Comments

Merck Announces Research Collaboration with India’s Steer Engineering

German life science and technology firm Merck announced a partnership for collaborative research on processing special effect pigments with Bangalore-based STEER Engineering, a company that has 60 global patents for its innovations.
STEER will contribute process know-how, the technology platform, and its expertise in materials transformation, while Merck brings to the table its understanding of pigments and their behaviors and core research work in plastics to create a c0-rotating twin screw extruder technology to process special effect pigments that are used to add glitter in cosmetics, the fashion industry, apparels and paints.

Color Master Batch

Both companies will validate the tests before launching the tech platform, according to Babu Padmanabhan, STEER managing director & Chief Knowledge Officer, says the Economic Times.

March 1, 2017   No Comments

Magellan Aerospace to Construct Manufacturing Facility in India

The Mississauga, Ontario-based Magellan Aerospace announced plans to construct a manufacturing and assembly plant in India. The 140,000 sq ft building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. The company provides complex assemblies for aircraft and engine manufacturers, and defense and space agencies.

Phillip Underwood, president and chief executive officer said, “Magellan’s expanding footprint  in  India,  and increasing  spectrum  of  capabilities, reflects  the  company’s commitment to provide competitive solutions for major commercial customers.”

Magellan Aerospace Logo

The CDN $28 million manufacturing and assembly plant will be constructed in three phases, and Magellan plans to break ground for it in June reports Canadian Business. The unit  will  support  the  production of larger work  packages  for  major structural  assemblies,  fabrications,  and  machined components  for  the  global market, the company announced.

 

February 22, 2017   No Comments

Blackstone Puts Big Money in Indian Real Estate

New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million.

Real Estate

With rising income levels of India’s consumers, Blackstone has started focusing on retail spaces in India. The company has acquired properties across major markets in India in deals that are turning out to be benchmarks in the real estate sector. It owns India’s biggest portfolio of income producing office assets totaling over 30 million sq ft worth over a billion dollars across Noida, Mumbai, Pune and Bangalore says ET Realty.

 

February 13, 2017   No Comments

Qualcomm Expands its Design Initiatives in India

After successfully completing the first edition of the Qualcomm Design in India Challenge, the company announced an investment of $8.5 million for its second edition, where the challenge will focus on rural technology, biometric devices, payment terminals, agriculture technology, medical technology, and smart infrastructure.

“Qualcomm Design in India Challenge is one of the most successful initiatives by Qualcomm to nurture some of the talented startups in India. After seeing the overpowering response during the 2016 edition, we decided to go ahead with a second year, as well as expanding the number of participants Qualcomm nurtures through this program from 10 to 16 participants in 2017,” announced Qualcomm Technologies‘ senior vice president and president of Asia Pacific and India Jim Cathey in his statement.

Innovation

The company plans to support mobile and IoT vendors in India by providing advanced cameras, audio, and RF designs at its new Innovation Lab to be set up in the southern city of Hyderabad, as well as at its current Innovation Lab in Bangalore which will be expanded to support the initiative, reports the Economic Times.

February 8, 2017   No Comments