Category — Foreign Companies in India

OceanSpray Explores Expansion to India

 Massachusetts-based OceanSpray chairman, Peter Povitar Dhillon, who recently visited India as part of a seven-member delegation said, “We went to India to explore opportunities of doing business there. As a global company, we recognize the huge potential of the Indian marketplace.”

Cranberries from Ocean Spray

Dhillon and his team met the Minister for Food Processing, Harsimrat Kaur, the CEO of Invest India, Deepak Bagla (no relation of mine!), and many senior government and business leaders.

“We went there to understand the marketplace because the culture of doing business in India is very different. It was a very positive trip. Now we are thinking about the best ways to educate Indians about the unique benefits of cranberry,” Dhillon added.

April 25, 2017   No Comments

Rolls-Royce Inaugurates Service Delivery Center in India

With the aim of improving capability and providing faster front-line support for over 750 engines in a range of aircraft in India, Rolls-Royce Holdings Plc launched a new defense service delivery center in Bangalore, its first outside the U.S. and U.K.

This  center will deliver real-time solutions through maintenance repair and overhaul, provide first and second line of support, have field service representatives, manage the health of the fleet, manage supply chains and collaborate with the armed forces, reports Livemint. Additionally, the center will service commercial aircraft such as the C-130J, Hawk advanced jet, Embraer and Jaguar, among others.

Rolls-Royce Logo

The service delivery center will have at least 10 specialized engineers and service personnel to find localized solutions specific to India. Rolls-Royce also has over 1,600 engineers based in India who provide solutions for its global customers, Kishore Jayaraman, president, India and South Asia, said.

April 23, 2017   No Comments

Facing Indian Rivals’ Merger, Amazon Recommits

In an interview with MoneyControl over Amazon’s India strategy to counter a possible merger between India’s largest e-commerce company Flipkart, and its rival Snapdeal, Amazon’s India chief Amit Agarwal said, “… no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So I am going to keep my focus on that… our strategy 20 years later in India will be the same.”

Moneycontrol says that the Indian e-commerce sector is undergoing a phase of consolidation. Last year, Tiger Global-backed Flipkart acquired fashion e-tailer Jabong and is currently in talks to acquire Snapdeal. Earlier this month, it raised $1.4 billion from eBay Inc, Microsoft and Tencent. As part of the deal, eBay’s India business was merged with Flipkart’s.

Amazon Logo

Amazon has been able to grow its market share in India significantly since the time it started four years ago. In 2016, it pushed Snapdeal to the third position to become the second-largest e-commerce firm in India. Currently, its business is very close to Flipkart’s.

 

April 21, 2017   No Comments

iPhone SE Will Be Manufactured in India

ICT Service Management Solutions, owned by Taiwan’s Wistron Corporation (Apple’s original equipment manufacturer) will manufacture the iPhone SE at its factory located in Yeshwanthpur, a suburb of Bangalore.

Forbes reports that Wistron obtained an official certification from the Bureau of Indian Standards for Model A1723, which is the 4-inch iPhone SE with a small screen. “With its great screen with brightness and colors, it is an ideal phone for those who are using Apple for the first time. It will go well with Indian buyers,” said Amit Misra, an IT analyst from Bangalore. ”

iPhone SEWith aim of getting a significant share in the India market, Apple discounted the iPhone SE to Rs. 19,999 or  $310.

April 21, 2017   No Comments

India in Top 8 on Global FDI Confidence Index

With 31 percent of the surveyed respondents being more optimistic on the economic outlook over the next three years, India has jumped one spot to rank 8th in the 2017 AT Kearney Foreign Direct Investment (FDI) Confidence Index.

Vikas Kaushal, partner and head of India at U.K.-based AT Kearney said, “Investors see India as a vast and diverse up-and-coming market with plans to increase investments there over the near to medium term. Reform efforts by the current government have improved the country’s investment environment. India’s vast domestic market is an added attraction for foreign companies. Investors are looking at India’s phenomenal economic performance as a key selling point. It is forecast to be the fastest-growing major economy in the world in the coming years, which should provide a variety of investment opportunities to global firms.”

Magazine with Investment Report written on it

Business Standard reports that according to Kearney, 70 percent of the respondents plan to maintain or increase their FDI in India in the coming years. The government will eliminate the need for FDI approvals in sectors where licenses are also required, such as defense, telecommunications and broadcasting.

April 20, 2017   No Comments