The Indian engineering industry is facing its worst attrition ever as many employees are leaving India for opportunities in the Gulf and the West.
Group to pump in Rs 6,000 cr in phase I, first store to open in 7-8 months.
After Lafarge, HeidelbergCement and Holcim, it’s the turn of yet another major international cement company to enter India.
Pune-based Finolex group is eyeing presence in the Rs 50,000-crore domestic insurance industry.
The Aditya Birla group is on the restructuring road. The conglomerate, is one of India’s largest business houses, is taking steps to reduce its presence in areas like power while increasing its thrust on telecom and retail.
In what could mean big-ticket investments and direct competition with home-grown leaders, global majors such as Finland-based Stora-Enson and Singapore’s Asia Pacific Resources International Holdings (APRIL), are reliably learnt to be planning building large-scale paper plants in India.
NRB Bearings, India’s fourth-largest bearings company by market size, could soon be inching towards a strategic deal.
Close on the heels of expanding its existing facility, Andhra Pradesh Paper Mills is exploring options of setting up a new paper plant as well as building a pulp mill in the near future.
The Dandekars of Camlin, whose products have been part of most Indian children’s schoolbags for the past 40 years, are looking for a foreign equity partner and extend their product range to sharply increase their presence in the writing instruments market.
Despite a growing interest in sectors like retail and hotels, private equity investment in infrastructure continues to be steady.
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