The Tech Panda looks at Indian chemical expanding into Southeast Asia through tie ups with Malaysian chemicals, Indian eVTOL integrating German avionics giant to power the digital brain of India’s first electric air taxi, Indian finance signing strategic MoUs with Taiwanese and Mauritian stock exchanges, partnering to enable global investing access for Indian investors, and Indian AI and Japanese data centers tying up to push for sovereign AI infrastructure development.
OUTBOUND
Chemicals: Indian Pigments Expands Southeast Asia Ties Up with Malaysian Chemicals
Ducol Organics and Colours Limited, a chemical manufacturing company with over three decades of industry presence, announced a strategic partnership with Malaysia-based Qualibit Chemicals & Industries Sdn. Bhd. to expand its waterproofing and construction chemicals business across Southeast Asia. The collaboration will see Ducol supply waterproofing systems manufactured through its subsidiary Bitumag to Qualibit’s established ASEAN manufacturing and market network, with scope to extend the partnership to products and capabilities from future strategic acquisitions in waterproofing and construction chemicals sector, subject to mutual alignment. The partnership aims to strengthen Ducol’s international footprint, improve manufacturing utilisation, and create a scalable export platform aligned with the company’s long-term growth strategy.
John Martin, Chief Executive Officer, Qualibit Chemicals & Industries Sdn. Bhd., said, “We see strong alignment in partnering with Ducol, which brings a scalable manufacturing platform and deep expertise in construction chemicals. Our technical execution model and regional market access, combined with Ducol’s industrial capabilities, create a strong foundation for long-term collaboration across Southeast Asia. Subject to applicable regulations and approvals, we also see long-term alignment through potential equity acquisition from the open market, reflecting our confidence in Ducol’s manufacturing platform and growth trajectory.”
INBOUND
Flying Cars: Indian eVTOL Integrates German avionics giant to Power the Digital Brain of India’s First Electric Air Taxi
In a significant leap towards redefining urban mobility, Ubifly Technologies (The ePlane Company), Indian developer of electric Vertical Takeoff and Landing (eVTOL) aircraft, announced a strategic partnership with HENSOLDT Avionics, a global company from Germany in sensor solutions and mission management electronics.
“We are proud to support ePlane in their mission to alleviate urban congestion. Our avionics are designed for the most demanding missions, and the operational profile of an eVTOL in India is the ultimate proving ground. Together, we are defining the standards for situational awareness in the Advanced Air Mobility sector”, said Michael Groeninger, Managing Director, HENSOLDT Avionics GmbH.
Finance: Indian Finance Signs Strategic MoUs with Taiwanese & Mauritian Stock Exchanges
India International Exchange (IFSC) Limited (India INX), a BSE Company, has signed three strategic Memoranda of Understanding (MoUs) with the Taiwan Stock Exchange (TWSE), AFRINEX Exchange, and the Institute of Company Secretaries of India (ICSI), further reinforcing its position as a globally integrated exchange operating from GIFT IFSC.
During the Global Securities Market Conclave (GSMC) 2.0, hosted by the International Financial Services Centres Authority (IFSCA) in Gandhinagar, GIFT City, above mentioned MoUs were exchanged in the presence of senior leadership from the respective institutions, Brenda Hu, Senior Vice President, Taiwan Stock Exchange and COO of the Asian Asset Management Centre representing TWSE, Thapelo Tsheole, CEO of AFRINEX Exchange, and CS Ashish Mohan, Secretary of ICSI, underscoring high-level institutional commitment and strategic alignment.
International Investments: Tie Ups to Enable Global Investing Access for Indian Investors
India International Exchange (IFSC) Limited (India INX) announced a strategic partnership between India INX Global Access IFSC Limited (India INX GA), its wholly owned subsidiary and a Global Access provider (GAP) registered with International Financial Services Centres Authority (IFSCA) and HSBC International Financial Services Centre Banking Unit (HIBU) aimed at expanding access to international investment products for Indian investors.
Sandeep Batra, Head, International Wealth and Premier Banking, HSBC India, said: “At HSBC, we are committed to empowering our clients with seamless access to global investment opportunities. This partnership with India INX Global Access marks a significant milestone in our efforts to support Indian investors in diversifying their portfolios and participating in international markets within a robust and transparent framework. By combining HSBC’s global expertise with India INX’s innovative platform, we are enabling our clients to make informed decisions and achieve their long-term financial goals.”
Data Centers: Indian AI & Japanese Data Centers Tie Up to Push for Sovereign AI Infrastructure Development
Turiyam AI, a platform in specialized artificial intelligence compute solutions from India, announced a strategic partnership with NTT Global Data Centers (NTT GDC), a global company in premier data center services, to host and scale Turiyam’s next-generation AI inference servers within NTT’s world-class data center facilities.
“We look forward to supporting Turiyam AI as they accelerate the adoption of next?generation AI inference across India,” said Alok Bajpai, Managing Director, India, at NTT Global Data Centers. “Turiyam’s AI hardware, combined with NTT GDC’s secure, scalable and sustainably designed data center platform, creates a powerful foundation for real-time AI innovation. Together, we’re enabling enterprises to deploy advanced AI workloads with the speed, reliability, and efficiency they need to compete in an increasingly AI-driven world.”
