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

    • (Image courtesy of Bedel Financial Consulting Inc.)

      Child Identity Theft: Are Your Children at Risk?

      Sounds absurd, doesn't it? However, young children are prime targets for identity theft. Experian estimates that one of every four children will fall victim to identity theft before age 18. How does this happen? More importantly, how can you prevent it from happening to your child? Untangling child identity theft can be time-consuming and costly. It could even require changing your child's first and middle name and obtaining a new Social Security number to clear his/her credit record...
    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

    • The Union Club Hotel was built in 1929. (photo courtesy of Purdue University)

      $30M Gift to Fund Purdue Hotel Renovation

      Purdue University says it plans to use a $30 million gift to transform an existing building into a world-class hotel. The gift from Bruce White, a Purdue alumnus and former trustee, his wife Beth, and the Dean and Barbara White Foundation, will fund the renovation of the Union Club Hotel, which will also serve as a laboratory learning environment for students. The university says the renovations will feature upgrades in furnishings, fixtures, and amenities for the hotel, as well as a...
    • Red Line Rapid Transit Project Progressing

      As construction continues on the high-profile, $96 million Red Line Rapid Transit Project in central Indiana, the director of public relations at IndyGo says ongoing, system-wide investments are already bearing fruit. The first phase of the Red Line will run between Broad Ripple and the University of Indianapolis and the public transportation organization says it will "serve as the frequent spine of the improved and reliable grid network." Lauren Day says ridership...

    • The trip marked Holcomb's seventh economic development trip as governor.

      Indiana Opens Italian Office

      As part of an economic development mission to Italy, Indiana has opened a business development office in Milan. During the three-day trip, members of the delegation also met with businesses in Italy's "Motor Valley" to promote collaboration with the state's automotive manufacturing and motorsports industries. During the trip, delegation members joined Italy-based filter manufacturer Filtrec S.p.A. for its announcement that it will invest $1.3 million into a Daleville...

    • Milhaus Details Purchase of Harrison College Indy Campus

      Indianapolis-based Milhaus says it plans to build a 183-unit apartment complex on a portion of the campus of recently-closed Harrison College. The development, construction and management company purchased the property last month for $6.3 million and Marketing Director Raven Reckley says the college's decision to close was "news to us." She adds Milhaus is "disappointed for the students and staff who are affected most" and will be evaluating...

    • Indiana Lands $21M in Opioid Treatment Funding

      Two Indiana agencies have received more than $21 million in federal funding. The grants will be used for opioid treatment services throughout the state. The grant was awarded through the HHS' Substance Abuse and Mental Health Services Administration. FSSA Secretary Jennifer Walthall says the funds are "crucial as we continue bolstering our evidence-based prevention, treatment and recovery services, expand access to recovery housing and medication-assisted treatment, and work to...