India’s Largest Medical Device Park Opens for Business

At 250 acres, India’s largest medical devices park started operations in the outskirts of Hyderabad in the state of Telangana. K.T. Rama Rao, Minister for IT, Municipal Administration and Urban Development and Industries, who inaugurated the park, said, “We will provide all the necessary facilities to develop this park into a dedicated ecosystem for MedTech innovation and manufacturing of medical devices.”

With an aim to promote innovation through incubation, the facility will work closely with the Indian Institute of Information Technology Hyderabad, which will provide expertise in medical technology utilization for alloy works, plastics and medical electronics. It will also provide guidance in the use of biotech components such as DNA proteins and reagents, IoT, imaging, voice and data processing, among others, reports Pharmabiz.

Medical Devices Park Telangana

Fourteen companies, including Apollo Hospitals, Cyient Limited, Sandor Medicaids, Healthware Private Ltd, Sanofi Shantha Biotech, and Hetero Drugs have been allocated 50 acres of land in the park, where they will invest over $65 million (Rs 425.59 crore) and create direct employment for nearly 4,000 people.

July 20, 2017   No Comments

Voice of America Facilitates Pronunciations of Indian Words

With the advance of technology and its ongoing refinement, far-flung areas of the world are getting closer and closer. Business, education, travel, and media reference a plethora of cultures more than ever before.

In 2000, Voice of America‘s pronunciation guide was developed to help media with tricky pronunciations. Now it is an invaluable tool for a broader audience. “People all around the world use it thousands and thousands of times a day,” said Jim Tedder, the broadcaster responsible for the guide. He noted that usage spikes around major world events. VOA’s guide is codified, public and it includes spoken samples, reports the Washington Post.

Try pronouncing these words as they are pronounced in the phonetic languages of India:

Modi, Narendra – nah-rehndrah   moh-dhee

Gujarat – guh-jah-rath

Kashmir – K-ush-meer

Hyderabad – h-eye-dhrah-baadh

Arun Jaitley – uh-roon    jay-th-lee

Namasthe – nah-mus-thay

Avatar – uh-vah-thaar

Chutney – ch-ut-nee

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June 25, 2017   No Comments

India’s Aurobindo Pharma to Expand New Jersey Facility

At its current New Jersey facility,  the company makes non-penicillin and non-cephalosporin products. The bulk of its U.S. supply comes from India, where it has six plants. It gets more than half its total revenue from selling drugs for HIV/AIDS, asthma, and schizophrenia, among others, to the U.S.

India’s drug industry is worth about $15 billion and it supplies roughly 30 percent of the medicines sold in the U.S. reports Business Line.

June 11, 2017   No Comments

Porsche Unit Partners with India’s Invilogic Software

Germany headquartered MHP, in which Porsche holds an 81.8% stake, entered into its first global partnership with Hyderabad, India-based design automation startup Invilogic Software and its German arm, ENIT Invilogic GmbH.

The partnership will help integrate design automation technology to automate product development with a seamless integration into Computer Aided Design, Product Lifecycle Management and Enterprise IT tools, reports the Times of India.

Michael Kirchgassner, head of R&D transformation at MHP said, “We believe Invilogic’s design automation capabilities, both in India and Germany, will complement our growth and customer consulting strategy across markets and industries.”

MHP
Siddharth Durairajan, CEO, Invilogic Software,  said that the company had invested $1.5 million on product development programs in India in the last 36 months, and will continue to invest in growing its software services research and development capabilities in Hyderabad, Bangalore, Pune and Germany. Currently, the company has a portfolio of 38 products and aims to add 10 more in the next 2 years.

June 5, 2017   No Comments

“Co-Working” Catches on in India

Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year.

“Though still nascent, this category could prove to be a disrupter as bigger co-working players such as WeWork enter India and more such facilities pop up across cities,” said Ramesh Nair, CEO of JLL India.

With 9,600 seats available at co-working facilities across the country, Mumbai records the highest absorption nationally, followed by Delhi-NCR, Kolkata, Bangalore, Chennai, Pune and Hyderabad, reports the Economic Times.

Inside an Office

Sumit Lakhani, CMO at Awfis Space Solutions said, “Companies can make savings of up to 20-30% by working in a co-working space.” The firm’s clientele includes small and medium-sized enterprises, start-ups, freelance professionals, consultants, and corporations.

May 30, 2017   No Comments