Category — Sourcing

U.S. FDA Eases Rules for Shrimp Exporters from India

The U.S. Food and Drug Administration (FDA) removed 140 Indian shrimp exporting entities from its ‘Detention Without Physical Examination’ list. “These exporters are exempted from detention but are subject to random examination by U.S. authorities, and the list is revised from time to time,” said an exporter.

Business Standard reports that in 2016-17 U.S.A. imported 188,617 tons of Indian seafood for $5.8 billion, which was about 22.7 percent greater in quantity over the previous year, and 30 percent higher in dollar terms.

According to the seafood industry, the latest move shows that the U.S. is satisfied with the testing mechanism and food standards maintained by India’s shrimp exporters. The alert has come at a time when the EU still operates enhanced testing of samples — at least 50 percent of consignments, compared to the previous 10 percent.

Shrimp

Shrimp

June 22, 2017   No Comments

Intel Invests $178 Million for R&D in India

Santa Clara, CA-based Intel Corporation will invest $178 million in India to set up a new research and development center in Bangalore said Intel India’s general manager Nivruti Rai at a news conference. This fresh investment is in addition to the $4.3 billion  Intel invested in the country over the last 15 years since it set up its largest design center outside the U.S.

Intel Corporation logo

 Spread over a 44-acre campus, the new center will have a computer software development, hardware design services and verification facility. “The nine storied building with 620,000 sq.ft. of office space will be completed in the next nine months,” said Rai. “The new facility will enable us to continue our momentum in doing cutting-edge innovation and design work from India,” he added.

The company’s Indian subsidiary has about 7,000 engineers to design and power semiconductor chips for its global customers, including original equipment manufacturers of computers, smart phones and other electronic devices, reports ET Telecom.

June 19, 2017   No Comments

Coca-Cola Brings its ‘Fruit Circular Economy’ Concept to India

Atlanta-based Coca-Cola, its bottling partners, fruit suppliers, and processors in India, will invest $1.7 billion in India’s agricultural ecosystem over the next 5 years, according to the company. The company’s Fruit Circular Economy concept will span the entire supply chain from fruit orchards to the final product. “The investments announced today by Coca-Cola will further catalyze economic growth and create new opportunities for farmers and local suppliers,” said T. Krishnakumar, president, Coca-Cola India and Southwest Asia

Mango orchard

$800 million will be reserved for procuring fruit pulp and fruit concentrate for the company’s juice and juice drinks and carbonated drinks with juice products. The remaining will be invested on manufacturing lines, bottling infrastructure, fruit processing plants and equipment, and agriculture interventions that facilitate sustainable agriculture. Coca-Cola’s technology and production methods will conserve soil, water, energy and biological resources, reports the Business Standard. The company says that over 200,000 farmers will benefit from this plan of sourcing fruit pulp and fruit concentrate out of 2.10 million tons of fruit.

The company also procures and exports raw materials and ingredients worth $280 million from India to 44 countries.

 

June 19, 2017   No Comments

India’s Proklean Tech’s Probiotic Products Find Global Markets

Chennai, India-based Proklean Technologies, has an exclusive license from Kansas City’s SCD Probiotics for using its certified mother culture to manufacture and market products that are natural, non-toxic, and  bio-degradable. These products are used in variety of industries, including leather and textile processing. “Wherever chemical surfactants are used, we have an opportunity to develop a replacement,” says Sivaram Pillai, the CEO of the company.

BusinessLine reports that according to the agreement, SCD Probiotics will sell the product made in India for the leather industry globally, while Proklean will sell it in the Indian market. For the textiles processing industry, Proklean will sell the products in India and globally too. “We are selling in Bangladesh, the Philippines, Sri Lanka and we are starting Indonesia,” says Vishwadeep Kuila, director, Proklean.

Proklean Products

This year, Proklean will launch products for the paper and pulp industry. “We are ready with the first product for the paper industry, which will help reduce the usage of chemicals, or with the same chemical consumption, increase the brightness of paper,” Pillai said. These products help bring down water consumption by 20 percent, reduce pollution by 30 percent and processing time by 10 percent, added Pillai.

 

June 15, 2017   No Comments

Samsung to Expand in India with $760 Million Investment

Samsung announced an investment of $763 million in India to expand its plant at Noida in the northern state of Uttar Pradesh, where it manufactures smartphones, refrigerators, and TVs.

Android Authority reports that the company added an additional 35 acres of land adjacent to the current facility to double the production capacity of both mobile phones and refrigerators. The new site was inaugurated with a ground-breaking ceremony and traditional puja (prayer) in the presence of officials from the Indian government along with JK Shin, CEO, Samsung Electronics Co. Ltd. and HC Hong, President & CEO, Samsung Southwest Asia.

Ground breaking of new Samsung Facility

Hong said, “This new investment is a testament to our continuing commitment to ‘Make in India’ and to Uttar Pradesh, which has been our partner right from the day Samsung’s journey in India began.”

Once the factory is fully operational, it will be able to produce approximately 10 million smartphones every month. Samsung in India is set to make Noida the manufacturing hub and also starting exporting from the plant to U.S.A., and Europe by 2020.

 

June 12, 2017   No Comments