Category — Foreign Companies in India

Google Cloud Platform Launched in India

Google announced that its first Google Cloud Platform region in Mumbai, India, is now live. It offers several services including computing, big data, storage, and networking. Customers will be able to pay in Indian currency for the services. The launch marks Google’s entry into this domain in India where it trails Amazon and Microsoft.

Google Cloud Platform’s product manager Dave Stiver said that hosting applications in the new region can improve latency from 20-90 percent for end users in Chennai, Hyderabad, Bangalore and of course Mumbai, compared to hosting them in the other closest region, Singapore. Other cloud regions in Asia Pacific are hosted from Taiwan, Sydney and Tokyo, reports the Economic Times.
Google India Logo
Google said  it will have three such centers across the country, without spelling out the investment, though it has earmarked $30 billion of investments for the cloud offerings. Forbes says Google’s entry heats up the competition while opening up additional opportunities for the local ecosystem. The company can now join its competitors to bid for government projects. Many state governments and large public-sector enterprises are considering their move to the cloud.

November 9, 2017   No Comments

Walmart India Sales Exceed $630 Million

“This year, India was made a priority market for Walmart, which means we’re getting more resources, more talent. This will help in accelerating stuff, and investments in the back-end and the supply chain will happen,” Krish Iyer, president and CEO, Walmart India, told BusinessLine.

It was not always this way. Four years ago when Iyer took charge of Walmart India’s operations there were allegations of  bribery against some of its executives, and the future of its retail business seemed uncertain given the foreign direct investment rules governing the sector. Iyer empahsized the unique aspect of Walmart India in selling to small wholesale buyers in India  (rather than consumers) with its chain of cash-and-carry stores. Today each of Walmart’s India stores has turned profitable at the store level.

Walmart best price store in India

Walmart “Best Price” store in India

Walmart has 20 cash-and-carry  stores in India and is expected to launch 50 stores by 2021 at an overall investment of over $500 million. It’s launched its first fulfillment center in Mumbai, which will focus exclusively on consumer products and staples.

For the 15 months ending March 2016, Walmart India posted sales of over $630 million.Pinakiranjan Mishra, partner and sector leader (Consumer Products and Retail), EY, says, “If the foreign players can build scale the way they have abroad, the market opportunity is huge. The market is large enough for foreign and local players in cash and carry. I believe the key will be in execution and building supply chains, more than getting market share.”

 

November 8, 2017   No Comments

Belgian Beers Now Offered at India’s Pubs

Belgium‘s Chimay, one of only 11 “Trappist” beers in the world, brewed by monks within the walls of an abbey, with profits going to charity, will be available in India. Its launch in the Indian market coincides with the Belgian royal couple King Philippe and Queen Mathilde visit to India to mark 70 years of diplomatic relations between the two countries.

Another Belgian brand, Delirium, with its famous pink elephant logo, is also entering the Indian market. Both Chimay and Delirium will be imported, distributed and marketed in India by New Delhi-based Hema Connoisseur Collections Pvt. Ltd., and will retail at $8.50 per a pint bottle. Initially, the two Belgian beers will be available across selected eight retail outlets in New Delhi, six top hotels, a few restaurants and 18 pubs, including 12 units of Beer Café. “Within a few weeks, we’ll have a similar presence in Mumbai and Pune. There is no immediate plan to expand further,” said Amit Agarwal, chief executive officer, Hema Connoisseur Collections.

Trappist Beers

Beer pubs are upbeat, reports LiveMint. “Chimay is one of the most prestigious Trappist beers in the world. At Beer Café, these are the most premium beers on the menu. We have already witnessed a sense of exuberance among beer aficionados,” said Rahul Singh, founder and chief executive of Beer Café.

 

November 8, 2017   No Comments

U.S. Tops All Destinations for India’s Engineering Products

Engineering Export Promotion Council of India — the apex body for Indian engineering exporters — says that the demand for Indian engineering goods in many of the developed economies and especially in the U.S. has increased sharply.

Shipments of engineering exports to the U.S. went up 91 percent to $1.53 billion in September 2017 from $551 million in the same month last fiscal year; the April-September exports increased by over 47 percent to $4.79 billion from $3.25 billion for the same period last year.

Gears

European nations falling under the top 25 engineering export destinations such as Germany, Italy, Belgium, Netherlands, France, and Poland also recorded considerable growth. Engineering exports to Germany saw a jump of over 67 per cent to $288 million in September 2017 over $172 million in the same month last fiscal. Likewise, the shipments to Italy rose by 30 percent to $209 million from $161 million for the same period last year, reports The Hindu.

 

November 8, 2017   No Comments

60 Global Food Brands to Set Up Outlets in India

More than 60 global food and beverage brands, including  U.S.-based Planet Hollywood and pizza chain Little Caesar’s, Singapore-based Sarpino’s Pizzeria, Finland’s Hesburger, and Dubai-based Ice Cream Lab are planning to enter India, investing an estimated $1 billion and opening as many as 5,000 outlets over the next five years.

These brands are seeking local partners to take advantage of the $60 billion food services market in India, according to FranGlobal, the overseas arm of Franchise India Holdings Ltd.

“Planet Hollywood and the connection with Bollywood is a marriage made in heaven. The symmetry and compatibility between the two is very strong. We are delighted to have the opportunity to introduce our brands in this huge, exciting and dynamic marketplace,” Alex Garland, managing director for Europe, Middle East and Asia at Planet Hollywood, said.

A Burger

LiveMint reports that according to a joint report published by the National Restaurants Association of India and consulting firm Technopak Advisors the food services market in India is projected to reach $74 billion (Rs4.98 trillion) by 2021. The market is growing at an annual average rate of 10%.

November 7, 2017   No Comments