Holcomb Wraps Up India Trip

Posted: Updated:
The trip also included meetings with executives from Columbus-based Cummins Inc. The trip also included meetings with executives from Columbus-based Cummins Inc.
INDIANAPOLIS -

A delegation led by Governor Eric Holcomb has returned from what it calls a successful economic development trade mission to India. The five-day trip included meetings with government and business leaders as well as an announcement from an Indian tech company involving up to 500 new jobs.

The trip focused on strengthening partnerships and exploring collaboration opportunities in business, education and work force development initiatives. Holcomb says business "moves at the speed of relationships," and says Indiana's relationship with the Asian nation is "stronger than ever before."

The biggest news of the trip came when engineering company AXISCADES announced plans to locate its  North American headquarters in Indiana and create up to 500 jobs by the end of 2023. The company, which works with the automotive, aerospace and medical device industries, is considering a short list of possible Indiana locations for its $10 million investment.

The group also met with executives from technology giant Infosys, which announced in May that it would establish a tech and innovation hub in central Indiana and create up to 2,000 jobs over the next five years. Since that announcement, state economic development leaders have been pitching the company on making Indianapolis its central campus in the United States, which could result in even more jobs.

The trip also included meetings with executives from Columbus-based Cummins Inc. (NYSE: CMI), which has a headquarters in Mumbai and 20 plants in India, employing more than 10,000 associates. The group toured the company's new technical center and met with professors from the Cummins Women's College of Engineering.

Other highlights of the trip included a business round table hosted by the Federation of Indian Chambers of Commerce and Industry and the signing of a sister state relationship with Karnataka, an Indian tech hub.

  • Perspectives

    • The Power of Partnerships

      You can't go it alone in tech. All technology companies, regardless of their segment, live in an ecosystem comprised of organisms of varying complexity. More mature companies in established categories can function at the top of the food chain, consuming smaller companies through acquisition, but startups are seldom if ever in a position to gain dominance through acquisition. It’s vital for the success of a startup to be able to play well with others...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Liberty Mutual Plans 400 New Carmel Jobs

      Boston-based Liberty Mutual Group Inc. is planning to add up to 400 Carmel jobs as part of a $14 million expansion plan. The insurance company has a global presence and currently employs 1,430 in central Indiana. The Indiana Economic Development Corp. says the new jobs, expected to be created by 2021, will pay more than the state and Hamilton County average wages. Plans call for Liberty Mutual to lease...

    • Kroger Hires Eric Halvorson

      A former longtime Indianapolis television anchor and reporter has been hired by The Kroger Co. (NYSE: KR). Eric Halvorson, who left WISH-TV last year after 33 years, will serve as public affairs manager and media spokesman for the company's Central Division. He succeeds John Elliott, who will become the chief executive officer of Gleaners Food Bank in Indianapolis later this year.

    • Vincennes Woman Sentenced For Tax Fraud

      U.S. District Judge Richard Young has sentenced a Vincennes woman to four years in prison on tax fraud charges. U.S. Attorney Josh Minkler's office says Deborah Richards pleaded guilty to preparing more than 350 false tax returns between 2014 and 2017. 

    • Indiana Packers Subsidiary to Build Feed Mill Near Peru

      A subsidiary of Delphi-based Indiana Packers Corp. has announced plans to build its first feed-mill facility near Peru. The Kokomo Tribune reports OP Nutrition will invest $24 million to construct the facility, which is expected to create 14 jobs.

    • To Meet Today's Health Care Needs, Close The Nursing Shortage

      Cultivating and attracting talent has rightly been top-of-mind for Hoosier business leaders of late - particularly as graduation season comes to a close. After all, addressing talent gap - or nurturing key talent pipelines - in key segments of our economy is essential. But as we prioritize the attraction and retention of Central Indiana's technology leaders, engineers and digital champions, healthcare must also be top of mind.