Page 2 - Joint Ventures In India

India-China electronics firms turn to tech tie-ups as JV rules delay deals

With regulatory curbs stalling Chinese investments in India, electronics firms like Voltas and PG Electroplast are exploring technology partnerships

Tougher rules on China tech deals put India's electronics sector on edge

India's electronics ambitions face delays as tighter scrutiny on Chinese tech partnerships stalls critical joint ventures ahead of a key manufacturing deadline

Bhutani Infra, Yashoda Hospitals in ₹1,000 cr JV for Noida project

Fully AI-integrated project in Greater Noida

Capacit'e eyes Middle East market after Maldives foray, cites growth

Data centres and hospitals are key growth drivers for EPC firm Capacit'e Infraprojects as it enters global markets after its first international project in Maldives

Taiwan-based firm Inventec Corporation enters India with Dixon tie up

The new JV will set up a separate plant in Kancheepuram, Tamil Nadu, with an annual capacity of 2 million laptops and notebooks

Reliance partners with BLAST to boost, expand e-sports business in India

Reliance's wholly-owned subsidiary RISE Worldwide has entered into a strategic partnership with BLAST Esports to form a joint venture to conduct esports business in India, according to a joint statement. Reliance and BLAST will partner to develop market-leading Intellectual Properties (IPs) in India and introduce BLAST's global IPs to the Indian market for fans, players, and brands, the statement said. BLAST, a wholly-owned subsidiary of Denmark-based BLAST ApS, is one of the biggest tournament organisers in the world. It works with the world's biggest game publishers, including Epic Games, Valve, Riot Games, KRAFTON, and Ubisoft, to create leading global esports properties. "The JV's (joint venture) ambition is to attract top tier titles and events in the future," it said. India is the fastest growing gaming market with a massive gamer base of more than 600 million, which is 18 per cent of the total gamers globally. India's esports market is in the nascent stage and is expected

CleanMax, Osaka Gas partner in JV to develop 300MW renewable portfolio

Brookfield-backed firm CleanMax on Monday announced a joint venture partnership with Osaka Gas Group to develop a 300MW renewable energy portfolio entailing an investment of Rs 1,500 crore. The joint venture entity will be called 'Clean Max Osaka Gas Renewable Energy Private Limited' (CORE), according to a statement. Under the joint venture, a total investment value of Rs 1,500 crore for the 300 MW renewable energy portfolio, which will be developed in due course of time, a revised statement said. The remaining 100 MW will be developed in about next two years, it added. CleanMax and Osaka Gas are forging a partnership to help corporate clients transition to a low-carbon economy, the statement said, adding that the association with CleanMax marks Osaka Gas' entry into the green energy market in India. CleanMax, one of Asia's leading renewable energy providers in the Commercial and Industrial (C&I) sectors, announced a long-term strategic joint venture with Osaka Gas Co. Ltd., a ...

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

This will be India's biggest and Asia's second-largest Reit IPO

Wave, Agristo to invest Rs 750 cr in UP to expand potato processing plant

Wave Group and Belgium's Agristo NV will invest around Rs 750 crore to expand their potato processing plant in Uttar Pradesh to make premium french fries, amid rising global demand for processed food. In 2019, Wave Group firm Masa Global Food Pvt Ltd and Agristo's subsidiary firm IMSTO NV, Belgium had formed a 50:50 joint venture firm to establish a potato processing plant at Bijnor to make dehydrated potato flakes. The name of the joint venture firm is Agristo Masa Pvt Ltd. The plant started operations in 2022 with an annual capacity of 7,500 tonnes. In an interview with PTI, Wave Group Chairman Manpreet Singh Chadha noted that there is an immense growth potential in Indian food processing sector. He also stressed on the need to boost crop yields and processing capacity for augmenting farmers income. "We are setting up a new production line for export quality french fries at Bijnor," Chadha told PTI. He said the total investment on this expansion will be around Rs 750 crore, whi

ONGC seeks joint venture partners to foray into ethane carrier business

ONGC is seeking partnership with companies with experience in the operation and management of VLECs, very large gas carriers and liquefied natural gas carriers in the global market

TotalEnergies, Air Liquide to invest $628 million in hydrogen venture

The joint project near the Zeeland refinery is expected to be commissioned in 2029, and the one that will supply the Antwerp plant should start operating by the end of 2027

ONGC-NTPC Green Energy JV to acquire Ayana Renewable for $ 2.3 bn

The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities

DEC Infrastructure-HG Infra Engineering lowest bidder for NDLS revamp

The JV is composed of a 51 per cent shareholding of DEC Infra and 49 per cent stake of HG Infra, the latter told exchanges on Thursday

Index providers seeing healthy competition, innovation: Asia Index MD & CEO

Index providers are witnessing a surge in healthy competition, innovation

Star Air to venture into aircraft MRO business with joint venture

Regional carrier Star Air on Monday said it is looking to enter into the aircraft MRO business in a joint venture for line and major maintenance to cater to the regional and business jets fleet. The Bangalore-based airline, which this month completed six years of its operations, also said it is aiming to have 14 aircraft in its fleet by March this year besides expanding the network to over 100 flights. Founded in 2019 by the Kolhapur-headquartered diversified group Sanjay Ghodawat Group with business interest in sectors such as energy, aviation, consumer products, retail, real estate and textiles, among others, Star Air has a fleet of nine Embraer aircraft, operating 44 flights per day to 23 domestic destinations. The proposed MRO facility, the land for which is being identified, will run under a subsidiary engineering company, Star Air said, adding it will support line and major maintenance dedicated to regional aircraft and business jets. The company, however, did not share speci

Birla, Mitsubishi Estate ink JV to invest Rs 560 cr in new housing project

Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company

Nuvama-Cushman & Wakefield JV raises Rs 1,700 crore for office assets

Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has raised Rs 1,700 crore under its new real estate fund for making investments in office assets across major cities in India. The NCW is a Joint Venture (JV) between wealth management firm Nuvama Asset Management and global real estate consultant Cushman & Wakefield. In a statement on Thursday, the JV firm announced the first close of its Prime Offices Fund (PRIME). The fund achieved a corpus of around Rs 1,700 crore, it added. The Fund aims to offer investment opportunities to investors in the Indian commercial real estate sector. The Fund will focus on Grade A+ offices across key micro-markets in India's top six cities --?Bengaluru, NCR, Pune, Mumbai, Chennai, and Hyderabad. The Fund targets investments across a portfolio of new developments, as well as completed and leased assets and has already built a robust deal pipeline for deployment. Anshu Kapoor, President & Head, Nuvama Asset Management said, "We have been

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

Daikin India ties up with Rechi to set up AC compressor plant in Andhra

Under this JV agreement, Daikin India will hold a majority share

JV with Vivo may help Dixon grab 1/5th of India's mobile phone assembly mkt

According to sources privy to the deal, Dixon has a capacity to make 40 million smart phones per annum and it is assembling around 30 million phones this year