Avery eyes India with millions of dollars in hand.
Interesting news comes from a publication in Mumbai. Daily News & Analysis reports that California-based Avery Dennison has big plans to invest in India during the next two years. The company is looking at buying mid-size companies, ranging from $30 million to $50 million, with plans to set up a radio frequency identification device (RFID) plant in Bangalore by 2009. (The news unconfirmed at the time this blog posted on RFID World.)