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

Horiba Opens a New Technical Center in Pune, India

Japan’s HORIBA Group that deals in advanced engineering, research and product development, has further expanded its worldwide automotive engineering and testing capabilities with the opening of a new  India Technical Center in Pune, a city 90 miles west of Mumbai in India.

Air pollution and safety have become key concerns for leading automobile manufacturers in India, and the country has introduced the Bharat Stages emissions standards. Together with Horiba’s Portable Emissions Measurement System and Horiba MIRA’s engineering capabilities, the new facility will provide vehicle manufacturers with test services to support them to meet Bharat Stage VI compliance, reports Autocar Professional.

Horiba's Tedhnical Center at Pune, India

Declan Allen, chief operating officer at Horiba MIRA, said, “Growing our global operation is a key part of our long-term strategy, and we’re incredibly pleased to open our new facility in Pune. The site presents an exceptional platform for us to deliver a broader portfolio of test and development capabilities in support of our key customers in India.”

December 26, 2016   No Comments

India’s Bharat Forge Acquires Walker Forge Tennessee

Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company’s product offering in its automotive segments as well its industrial sectors such as construction and mining, the company said.

Kalyani Group Logo

The U.S. firm supplies complex, steel and high-alloy steel, engine and chassis components to customers across automotive and industrial sectors, and is expected to record revenues of $28 million this year, reports VC Circle.

November 22, 2016   No Comments

India’s Kalyani Group is Part of OEMs’ Global Supply Chains

Pune, Maharashtra-based Kalyani Group supplies Boeing titanium flap track forgings for its 737 series aircraft. The company also manufactures landing gear and structural components for other OEMs such Rolls-Royce, Liebherr Aero and Safran.

Kalyani has three joint ventures in the defense sector: BF Elbit Advanced Systems for artillery systems; Kalyani Rafael Advanced Systems for specific areas like missile technology (spike missile); infantry combat vehicle upgrade and advanced armor solutions; BF Premier Energy Systems for ammunition; air defense systems and short-range surface-to-air missile systems, with Saab of Sweden

In a communication with Defense News, chairman, Baba Kalyani said that India-made defense products were competitive because of the knowledge and skill arbitrage coupled with labor arbitrage that gives India an edge over other competitors.

Kalyani Group Logo

 

 

 

November 17, 2016   No Comments

Globant Launches Development Center in Pune, India

Luxembourg headquartered and NYSE-listed Globant, a  technology services company, is expanding its operations in India with the launch of its new development center in Pune, 90 miles to the east of Mumbai, reports Business Standard. The Pune center is equipped to house 1,200 employees.

Guibert Englebienne, Globant chief technical officer and co-founder said, “By being in India, we aim to increase our global footprint; building a global team with the best talent of the world.”

Guibert Englebienne

Guibert Englebienne CTO of Globant

Global has growth plans in digitalization, and according to Gartner, IDC and Cantor Fitzgerald Research, the Digital Services market is a large opportunity, with an estimated size of $71 billion for Services and a compelling growth rate of 25% CAGR for the next 5 years.

Globant already has a facility in Bangalore which it acquired during the 2015  acquisition of Clarice Technologies.

 

 

 

 

 

 

 

 

October 7, 2016   No Comments