Mumbai, Maharashtra, June 11, 2012 — Karnataka ‘s GIM ( Global Investors Meet) ushered in investments worth Rs. 7.6 Lakh crore with the top notches nationally and internationally keen on investing here. Infotel Broadband Limited, a subsidiary of RIL (Reliance Industries Limited) signed a Memorandum of Understanding (MoU) with the government of Karnataka to set…
Tag: investments and expansions
BMW Financial Services steps up Investment in India
by •
The BMW Group has increased its investment in BMW Financial Services India to 5.3 billion Indian Rupees (US $ 106 million) in 2012 from 2.3 billion Indian Rupees (US $ 50 million) in 2010. Mr. Dan DeChristopher, Managing Director and Chief Executive Officer, BMW Financial Services India said, “In less than two years, BMW Financial…
Sonalika drops plan for its proposed production facility in South, will ramp up in Punjab
by •
It is reported that ITL (International Tractors Limited), one of the top three tractor manufacturers in India, would be investing about 100 Cr. towards augmenting its production facility in Hoshiarpur, Punjab. The capacity augmentation is expected to enable the Hoshiarpur plant to double its production to up to 100,000 units per annum. Presently the company…