Trade is still making the world go around, and India is a part of it. The Tech Panda looks into Indian companies expanding into foreign markets while bringing in foreign investors to Indian shores.
OUTBOUND
Indian Shipping Wins Order from Danish Towage Operator to Build Four TRAnsverse 3200 Tugs
Swan Defence and Heavy Industries Limited (SDHI), Indian shipbuilding and heavy engineering company, has secured a contract from Denmark-based towage operator Svitzer A/S to construct four advanced TRAnsverse 3200 tugs. Deliveries for the order are scheduled to commence in early 2028.
Rear Admiral Vipin Kumar Saxena IN (retd.), CEO, Swan Defence and Heavy Industries Limited (SDHI), said, “It is indeed a notable achievement for SDHI to construct one of the world’s most sophisticated towage vessels. Svitzer’s rigorous evaluation process reaffirms the strength of our engineering capabilities in the niche, high-specification vessel segment. Winning our fourth consecutive export contract also reflects the growing confidence of global category leaders in SDHI’s ability to deliver to the highest international standards. As we continue to expand our capabilities, we remain focused on strengthening India’s position as a globally competitive shipbuilding destination.”
Kasper Friis Nilaus, CEO, Svitzer said, “Svitzer’s TRAnsverse tug design offers significant benefits to customers in terms of releasing operational constraints and improving port productivity, sustainability and safety margins. We are pleased to partner with SDHI to deliver four of these next-generation vessels to the benefit of our customers and maritime supply chains globally.”
Indian Gold Mine Reports Encouraging High-Grade Tungsten-Tin Results from Spain, Strengthening European Critical Minerals Portfolio
Deccan Gold Mines Limited (BSE: 512068), India’s first and only listed gold and critical minerals resource company, announced encouraging drill results from the Logrosan Tungsten Project in Spain, with every completed drill hole intersecting potentially economic tungsten or tungsten-tin mineralisation at the Dehesa target.
Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Limited, said: “The results from Logrosan provide strong validation of the project’s district-scale potential and reinforce our confidence in its long-term prospects. The fact that every drill hole has intersected potentially economic tungsten or tungsten-tin mineralisation points to a robust mineralised system with significant exploration upside.”
“This investment, being advanced through our wholly owned Dubai subsidiary, DGFZCO, reflects Deccan Gold’s long-term strategy of building a globally diversified portfolio of gold and critical mineral assets. As the global focus on critical minerals intensifies, strategically important resources like tungsten will play a vital role in strengthening supply-chain resilience and industrial competitiveness. Logrosan is an important step in our vision of building globally relevant mining assets that create sustainable long-term value.” adds, Hanuma.
INBOUND
US Envoy Meets Indian Engineering Firm
US Ambassador to India, Sergio Gor, said he had a “great meeting” with Larsen & Toubro (L&T) Chairman and Managing Director S. N. Subrahmanyan to discuss how the engineering and technology major can contribute to industrial and energy development across India and the United States.
“A great meeting with Mr. S. N. Subrahmanyan to chart how @larsentoubro can support industrial and energy development in the United States and India!” Gor said in the post.
The meeting comes at a time when India and the United States continue to deepen cooperation across strategic sectors, including clean energy, advanced manufacturing, infrastructure development, and emerging technologies. Both countries have been expanding partnerships aimed at building resilient supply chains, accelerating industrial growth, and promoting sustainable economic development.
Indian NBFC Ties Up with OpenAI to Bring Enterprise-Grade AI to Lending Operations
Capri Global Capital Limited known by the brand name ‘Capri Loans’, a retail-focused Non-Banking Financial Companies (NBFC’s), is working with OpenAI to adopt enterprise grade generative AI across key business functions. The initiative supports Capri Loans’ technology-led growth strategy.
Nitin Bawankule, Head of Enterprise Sales, India, OpenAI, said, “For financial institutions, the value of AI lies in helping teams process significant volumes of information more efficiently, improve day-to-day responsiveness, and deliver more impactful customer experiences, while keeping strong governance and human oversight at the center. We look forward to seeing the impact Capri Global’s teams will unlock as they deploy OpenAI tools across functions.”
Rajesh Sharma – Managing Director, Capri Global Capital Ltd., said, “As Capri Global continues to strengthen its technology and data science capabilities, we see tremendous potential for AI to transform the way we serve customers, empower our employees and make better decisions. Our collaboration with OpenAI will help us identify and deploy practical AI use cases across the lending value chain, while maintaining the highest standards of governance, security and human oversight.”
Strengthened Bilateral Investment Ties Through India-Qatar Business Engagements
Invest Qatar, the national investment promotion agency of the State of Qatar, recently undertook a high-level visit to India to deepen bilateral investment ties, strengthen engagement with Indian businesses and investors, and reinforce Qatar’s position as a preferred destination for companies seeking to expand across the GCC and MENA region.
Abdulla Al-Emadi, Acting Head, Lead Generation – Asia Markets, Invest Qatar said, “India is one of the most important markets for Invest Qatar, and this visit reflects the depth of our commitment to building a lasting partnership. Opening a dedicated office in India is a clear signal of intent that we want to be closer to the businesses, investors, and institutions that are shaping India’s growth story, and to make it easier for them to explore what Qatar has to offer.
“Our conversations with TCS, Fractal, Vilin Bio Med, Rossari and the scale-up community reinforced that there is strong appetite among Indian companies to use Qatar as a base to access the wider GCC and MENA region. We look forward to building on this momentum in the months ahead.”
