Category — Sourcing

U.S. Entrepreneur Offers Small Module Reactors to India

Dr. Kris Singh, the Indian-American founder and CEO of New Jersey-based SMR LLC and Holtec International offered mini nuclear reactors to India.

“The new generation small nuclear reactor uses light water technology to produce 160 MW and is the future of nuclear energy because of its unconditional safety and economy,” Singh told the Press Trust of India in a recent interview. These reactors require only a few acres of land, and because they air cooled they can be installed in a desert, unlike traditional reactors which require huge amounts of water for cooling purposes, reports NDTV.

Model of SMR 160

Model of SMR 160

Holtec Asia, a wholly-owned subsidiary of Holtec International, recently constructed a facility in Dahej, Gujarat, to develop components for the Small Modular Nuclear Reactor (SMR-160). Singh added that this facility would initially export critical nuclear facility components including air cooled condensers, spent fuel storage, among others to U.S.A. and other countries.

October 11, 2017   No Comments

U.S. Ranks as #1 Destination for India’s Engineering Products

According to data from the state-sponsored Engineering Export Promotion Council of India, the U.S. ranks as India’s number one destination for engineering products with shipments aggregating $2.9 billion between April and July of the current fiscal.

UAE, with shipments of $1.78 billion occupies the second slot among the top 25 destinations for the engineering exports, while Mexico is at third position with $921 million worth of engineering goods purchased from India. Other major destinations for the engineering products include U.K., Germany, Italy, China, Singapore and Bangladesh, reports the Economic Times.

EEPC LogoEngineering Export Promotion Council of India’s chairman Tarvinder Singh Bhasin said, “There is no doubt the U.S. economy is doing well resulting in better shipments of our engineering goods, showing a cumulative growth of 37 percent between April-July 2017. But for an unabated rise in rupee value, our performance would have been even better.”

October 2, 2017   No Comments

India Tops Kearney’s Global Services Location Index

Extending its lead over other countries, India topped management consulting firm A.T. Kearney’s 2017 Global Services Location Index for the eighth consecutive year since its inception in 2004. Currently there are 200 multinational corporations operating in India and 1.1 million employees in Business Process Outsourcing, though the sector does face challenges from automation.

Live Mint reports that the index is based on metrics in three categories: financial attractiveness, people skills and availability, and business environment. Asian countries continue to dominate the Index with China and Malaysia at second and third spots, while Indonesia rose one place to rank fourth.

map of the world with 'outsource' written across it

According to Kearney, India’s overall financial competitiveness is due to the English-speaking skilled labor that none of the other low-cost countries can match, as well as an improved policy environment.

Ajay Gupta, partner at A.T. Kearney India, said, “Its [India’s] attractiveness as a global services destination continues to increase with its growing cost advantage against the United States, and the improving performance of Indian students on standardized tests.”

September 29, 2017   No Comments

Paul Penders Botanicals Debuts in India

U.S.-based Paul Penders Botanicals, one of the first vegan beauty and personal care brands, launched in Dehradun, the capital city of the northern state of Uttarakhand in India.

Chief executive and founder, Paul Penders, who was present at the launch said, “I am ecstatic to be introducing Paul Penders Botanicals in India, an economy that is culturally enormously dependent on organic therapies and products since centuries. We hope for a great response in India since all the products are cruelty and chemical free.” Penders has inaugurated a new outpost in the Himalayas from where he said “we will be using the most amazing, pure crystal-clear water flowing from the Himalayan Mountains.”

Soap from Paul PendersSargam Dhawan, CEO and director, Paul Penders Botanicals India said, “Through this venture, we aim to redefine vegan beauty standards in India, to better meet the needs and lifestyle of our potential consumers.”

The products of the brand draw inspiration from the founder’s grandmother’s 22-herbs concoction, which is the base material for every product, reports the Economic Times.

September 27, 2017   No Comments

India now grows “Kopi Luwak” coffee

India, Asia’s third-largest producer and exporter of coffee, started producing the world’s most expensive coffee, known as civet coffee or kopi luwak.

In the country’s largest coffee-growing area in the southern state of Karnataka, a start-up firm, Coorg Consolidated Commodities, produces the luxury coffee on a small scale. Narendra Hebbar, one of the founders of the company explained that civet cats eat the flesh of coffee cherries, but not the bean. The animal’s excreta contains the partially digested seeds or beans which are sourced from plantations located close to the forest from where the wild civet cats come to eat the ripest coffee cherries. Natural enzymes in the civet’s stomach enhance the flavor of the bean which makes this coffee unique.

Coffee berries

The Economic Times reports that in India, this specialty coffee sells at $65 per pound  (a cup of kopi luwak can sell for as much as $80); its price includes the cost of sourcing the animal droppings, processing the beans, accounting for the wastage during processing and acquiring quality certifications.

September 15, 2017   No Comments