CCI Approves Siemens Motor Business Acquisition by Innomotics India

The Competition Commission of India (CCI) has approved the acquisition of the low voltage motor business of Siemens Limited by Innomotics India Private Limited. The acquisition, described as a slump sale, involves Innomotics obtaining the business which produces low voltage motors for industrial applications in India, and which also engages in exports. This move sees Innomotics, part of KPS Capital Partners, extending its reach in the motor supply sector.

Source: Original Link

Read more

APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link