We are happy to introduce our monthly “Key Indo-French business news” – your quick roundup of the key developments shaping the Indo-French business ecosystem. From strategic partnerships to high-level visits, we bring you the essential news you shouldn’t have missed this July!
Sources :
On July 7, Capgemini announced the acquisition of Indian origin company WNS for $3.3 billion. (Source)
On July 7, Air Liquide invested in its second Air Separation Unit and Cylinder Filling Station in Gujarat, which will double its production capacity in the region. (Source)
On July 12, Michelin opened its first Indian experience store in Nashik, Maharashtra, with Bharat Tyres. (Source)
On July 18, The Ministry of Defence on India recommended Safran over Rolls-Royce as a co-developer of the AMCA fighter jet engines. (Source)
On July 23, Pernod Ricard sold Imperial Blue to Tilaknagar Industries to focus on core premium brands (Source)
On July 29, The Competition Commission of India approved Renault buying out Nissan’s 51% stake in Indian JV, giving it 100% ownership of Nissan Automotive India Pvt Ltd. (Source)
On July 30, Decathlon increases its sourcing from India to $3 billion by 2030 and aims to create 300,000 new jobs in India. (Source)
On July 31, Schneider Electric announced the acquisition of remaining 35 % stake in its India joint venture from Temasek for €5.5 billion (₹55,600 crore), giving it 100 % ownership of Schneider Electric India. (Source)
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