Category — Foreign Companies in India

iPhone Assembler to Expand Operations in India

With Apple‘s earnings in India doubling year-on-year, Taiwanese manufacturer Wistron, primary iPhone assembler in India, is scouting for 100 acres of land in Bangalore to expand its facilities.

Though Apple is currently a minor player in India, its potential is huge. CEO Tim Cook said on the earnings call in early November that there was much work to be done to fulfill this potential.

He said he’s confident the company can gain ground, but it will take work on many fronts.”It’s building stores. It’s building channels. It’s building markets. It’s building the developer ecosystem,” he said. “It’s having the right product lineup for the market. And I feel like we’re making good progress there and are gaining understanding of the market, but we still have a long way to go.”

Picture of PM Modi and Tim Cook

The India government’s Department of Industrial Policy & Promotion wrote to the firm saying it was “actively involved in resolving issues raised by Apple” and the various key departments in charge of vetting these concessions are “positively inclined to the proposal,” according to a document from an official to Apple that was reviewed by Bloomberg News.

November 12, 2017   No Comments

India Tops Travelport Digital Traveler Rankings

 Travelport , U.K.-based travel commerce platform providing distribution, and technology, for the travel industry, just conducted a global survey which highlights different digital travel habits.

India tops as the most digitally-advanced traveler nation in terms of digital tools being used for travel purposes, Travelport’s survey said. China stood at the second place and Indonesia at the third position. This seems to be driven primarily by the use of smart phones by travelers from the top ranked countries, and in our opinion might reflect the reality that these countries leapfrogged to mobile-first and don’t use desktop computers and landlines very much.

The Digital Traveler Rankings 2017

Rank

Country

1

India

2

China

3

Indonesia

4

Brazil

5

Saudi Arabia

6

Mexico

7

South Africa

8

United Arab Emirates

9

Colombia

10

Italy

11

United States

12

Spain

13

France

14

Russia

15

Canada

16

Australia

17

United Kingdom

18

Japan

19

Germany

The findings are based on an online survey with inputs of 11,000 travelers from 19 countries, highlighting the use of digital tools when planning, booking and experiencing a journey. 1,000 people from India — who took at least one round trip flight last year — participated in the survey.

The survey said that in India smartphones are the preferred digital device with 82 percent of Indian travelers feeling that mobile boarding passes and e-tickets make travel easier.

Press Trust of India reports that per the survey, around 66 percent respondents avoid hotels that charge for Wi-Fi while 83 percent people feel it is important to stay virtually connected to family and friends whenever travelling.

Smartphone looking at airbnb site
“The findings highlight the need for the $7.6 trillion global travel and hospitality industry to adapt continually to provide responsive, relevant and timely service for customers,” Rabih Saab, president and managing director (Europe, Middle East, Africa and South Asia) of Travelport, said.

November 11, 2017   No Comments

Secretary McKinney Says “Great Opportunities for Trade” in India

Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs, Ted McKinney led a team of 50  on an agribusinesses trade mission to India from October 30 to November 3. He met with government and industry officials, and Indian companies that import U.S. agricultural products. India is the 17th largest export market for the U.S., McKinney said.

“The response has been nothing short of overwhelming — warm and embracing at all levels is how I would describe it,” he said. “We’ve had many opportunities and real discussions about trade. There are great opportunities for trade.”

U.S. agricultural exports to India totaled $1.3 billion in 2016, with tree nuts, cotton, pulses, fresh and processed fruits and prepared foods accounting for more than 80 percent of those exports. India is  also a major market for U.S. ethanol exports. The United States is India’s top ethanol supplier, with sales totaling nearly $176 million last year, reports Agrinews.

“Trade is a two-way street. As long as rules are followed, we embrace imports to the U.S., as well,” added McKinney.
Top US Agricultural Exports to India, 2006-2016

November 11, 2017   No Comments

DHL Connects its India Trucks via Internet

Bonn, Germany-headquartered global logistics group DHL is planning to introduce internet-connected trucks and emulate Haryana, India-based technology-enabled logistics start-up Rivigo‘s “driver relay model” to improve customer experience and increase efficiency,

Rivigo, which launched in 2014, has a fleet of over 2,000 internet-connected trucks fitted with sensors for location tracking and real-time data. The company operates through a unique driver relay model: multiple drivers are appointed for one route and each one typically drives for four to five hours before handing over the truck to another driver at a pit stop, returning home with another truck. The company has at least 70 such pit stops across India. According to the Rivigo’s website, the driver relay model helps it reduce transit time by 50-70% from the industry average. DHL is planning to follow the same model and is in the process of building a team and fleet of trucks.

DHL Logistics

Live Mint reported that according to an industry expert, the logistics space offers significant potential for value creation and the sector is seeing some major disruptions due to better infrastructure, policy, and technology. “We see many new players and start-ups trying to capitalize on this opportunity. But, it is also a good setup for traditional logistics players to re-evaluate their business model and plan for breakthrough growth,” said Mayank Bansal, partner, Transportation and Infrastructure, at consulting firm AT Kearney.

 

November 10, 2017   No Comments

India to Get its First Cartoon Network Themed Park

Turner International India, a division of New York City-based Times Warnerand the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of Gujarat. Amaazia is expected to be operational by the first quarter of 2019. 

Spread over 657,00  square feet, the park has been conceptualized and designed by the Sanderson Group, Australia. Planned as a family entertainment destination, the park will have 33 rides and attractions featuring popular Cartoon Network characters, 20 unique water-slides, a water park, a family recreational hub, and a retail shopping area. The venture aims to tap one million footfalls in its first year of operations, reports Business Line

Sanjay Movaliya, chairman, Rajgreen Group, said, “Our audience today is well-travelled and exposed to global entertainment venues. Our aim is to create a similar experience closer home, via our association with a hugely popular global brand like Cartoon Network.” 

A section of a roller coaster

According to a KPMG report, the Indian theme park industry grew at 10.25 per cent in 2016 to reach $466 million, up from $426 million in 2015.

November 10, 2017   No Comments