Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant...
NEW DELHI - India n automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi 's approval, sources told Reuters.The plant is proposed to be set up in Prime Minister Narendra Modi 's home state of Gujarat, two sources with direct knowledge of the matter told Reuters.
Billions of dollars worth of investments have over the years either been delayed or canceled due to India's additional vetting processes for the likes of BYD Co Ltd, Great Wall Motor and SAIC's MG Motor.Lately, India's top government officials have been hinting at reviewing their stance against Chinese investment as foreign investments fell to 17-year lows.
TAIPEI, Taiwan & WATERTOWN, Mass., August 09, 2024--Syncell, a leader in next-generation spatial proteomics, is pleased to announce the addition of Philippe C. Lyko as Chief Financial Officer and Nikhil Rao, PhD, as Senior Vice President of Commercial. These appointments strengthen Syncell's leadership team as the company enters a pivotal phase of growth and commercial expansion.
Prime Minister Narendra Modi India Chinese Investment Government Sources Manufacturing Plant Mahindra Shaanxi Automobile Group New Delhi
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Softbank-Backed E-Scooter Startup Seeks $734 Million India IPO(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and...
Read more »
India’s Vedanta Seeks $600 Million Through Share Placement(Bloomberg) -- Indian mining company Vedanta Ltd. is offering up to 114 million shares to institutional investors, according to terms of the deal obtained by...
Read more »
Exclusive-Les Schwab Tire's owner explores sale valuing it at over $7 billion, sources sayThe investment firm that owns Les Schwab Tire Centers is exploring options including a sale of the tire retail chain that could value it at more than $7...
Read more »
Exclusive-Cargill internal memo describes structural overhaul to streamline companyGlobal trading house Cargill will undergo structural changes after missing internal earnings goals, with plans to streamline operations into three units...
Read more »
Exclusive-Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources sayA version of Samsung Electronics' fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia's tests for use in its artificial...
Read more »
Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sourcesChinese tech giants including Huawei and Baidu as well as startups are stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics in...
Read more »