Category — India Market Expansion

India Open to $300 Billion Oil & Gas Investments

India will offer global investors $300 billion worth of investment opportunities in the hydrocarbon sector over the next decade to keep pace with the country’s energy demand, India’s Minister for Oil Dharmendra Pradhan said.

Speaking in New Delhi at the India Energy Forum, organized by CERAWeek the Houston-based information and insights company IHS Markit, Pradhan said that India’s oil and gas output has been stagnant for years while its fuel demand has risen. Modi’s government is taking steps to unlock the country’s vast energy reserves and boost foreign investment in the sector; it has relaxed rules, including those on pricing and marketing, he added.

Natural Gas, Oil Rig

India, which imports over 80 percent of its oil needs, wants to reduce this figure by 10 percent by 2022, reports Live Mint. The country wants to attract foreign investors to $300 billion worth of energy projects that will include increasing the country’s refining capacity, oil and gas block exploration, and developing gas infrastructure, including the transport of liquefied natural gas and re-gasification.

October 15, 2017   No Comments

Amazon Files Patents for its Drones in India

Using unmanned aerial vehicles, Amazon Prime Air proposes to deliver packages to customers within 30 minutes or earlier, and Amazon Inc., filed a patent application in India for exclusive rights on multi-scale fiducials to be used on its drones to identify them from different distances.

Amazon LogoBusiness Standard reports that these fiducials will have three or more scales, where the child fiducials are nested or linked by a relative position to the parent fiducials, facilitating target identification and tracking. Another application may be focused solely on an innovation that will enable target identification of other drones or similar aerial vehicles. Earlier, Amazon Technologies had filed a patent application in India for a technology that would ensure a quick response from the propellers of a drone in case it detects an object like a human or an animal in its path.

Amazon will expand its drone operations once it establishes the safety and reliability of these systems.

October 12, 2017   No Comments

Global Chocolate Makers Ramp up Investments in India

A study by London based market research firm Mintel says that India’s $1.6 billion  chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period.

Aligning with growth prospects in India, Hershey‘s local subsidiary chairman and managing director Praveen Jakate said the company aimed to ramp up investments in brand-building and manufacturing in the country.

chocoloate

“India is a priority market for Mars Incorporated and we are committed to invest and bring our best-loved brands here,” Andrew Leakey, general manager, India and Indian subcontinent, Mars Chocolate Ltd., said.

With a 15-16 percent market share, Nestlé India focuses on the health and wellness aspect of its confections by reducing sugar content and increasing the milk quotient of its candies.

Leader Mondelez, which commands 65 percent of this market, invested  close to $300 million with seven plants in India to date, reports Business Standard.

October 12, 2017   No Comments

Rolls-Royce Launches Convertible in India

British luxury car-maker Rolls-Royce, that has a strong presence in the Indian market for over a century, announced the launch of Dawn, a four-seat convertible. “India is one of the focus markets for Rolls-Royce globally,” says Michael Schneider, regional general manager, sales, Asia Pacific.

“In creating Dawn, we have accepted no compromise to the comfort and luxury of four adults who want to travel together,” says Giles Taylor, design director, Rolls-Royce. With the average age of customers  now in the mid-40s, the car’s interiors are not as formal as the company’s earlier models were.

Rolls Royce insignia

Priced at a base rate of  just under $1 million the car is one of the quietest convertible vehicles in the world today with an average waiting period of six months, reports Forbes.

October 11, 2017   No Comments

Brakes India and ZF Launch Electric Park Brake Technology

Germany-based ZF Friedrichshafen AG, together with Brakes India, — a joint venture between ZF-TRW and the Chennai, India-based TVS group — announced an India-specific Electric Park Brake (EPB) technology. The JV tied up with a global OEM (whose name is not disclosed)  to develop this technology, a first for India.

“EPB localization is in line with the ‘Made in India, Made for India’ strategy,” said Sriram Viji, deputy managing director, Brakes India.

EPB SystemThe EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking, reports BusinessLine.

Manfred Meyer, global vice-president, Braking Engineering for ZF said, “We have now produced more than 90 million units and are the world leaders in this technology.”

October 8, 2017   No Comments