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INDIA INVESTMENT NEWS

Alembic Pharmaceuticals Ltd on Thursday said it has formed a joint venture (JV) with Orbicular Pharmaceutical Technologies Pvt. Ltd to develop, manufacture and commercialize dermatology products for global markets. Alembic will hold 60% in the joint venture Aleor Dermaceuticals, Orbicular will hold the rest. Ahmedabad-based Alembic said the joint venture will set up a manufacturing […]

Denmark-based LM Wind Power has commissioned its second manufacturing plant in the country at Halol near here and is looking to invest additional 13 million euros to boost capacity. With the commissioning of its Vadodara manufacturing plant, which entailed an investment of around Rs 190 crore, the company expects the capacity to go up to […]

The backwaters of Kerala will soon have the country’s largest solar-powered ferry ferrying vehicles and passengers between Vaikom and Thavanakadavu in Alappuzha. The commercially viable solar ferry, having the size of four buses arranged in a matrix of 2×2, would cost more than conventional diesel powered ferries of the same capacity, but, Sandith Thandasherry, chief […]

Canadian solar power firm SkyPower Global, which has won projects to develop 350 MW capacity in the country, is scouting for local partners and has hired investment banker Greenstone Energy Advisors to help its search. “In every single market we are in today, we have entered after choosing a local partner. India is the only […]

The Ministry of Railways has announced a collaboration between the Centre and the Maharashtra government for several projects, including elevated corridors between Chhatrapati Shivaji Terminus (CST) and Panvel, and Churchgate and Virar in Mumbai. The Railway Ministry and the Maharashtra government will form a Special Purpose Vehicle on 50:50 partnership basis for this. Both the […]