Volvo Starts Assembling Cars in India

Swedish  brand Volvo has begun assembling cars at their plant near Bangalore in India. Cars valued $40,000 or more that are brought into the country through the Completely Built Unit route attract an import duty of 100%. So to make the cars more affordable to Indian consumers, Volvo India will go the Completely Knocked Down route […]

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October 15, 2017   No Comments

UPS Launches Logistics Facility in India

Atlanta-based UPS, the world’s largest package delivery company and a provider of supply chain management solutions, launched its new integrated logistics facility in Hyderabad, India. “India is one of the fastest growing G20 economies and Hyderabad is fast becoming a ground for implementation of the `Make in India’ initiative, said Jean-Francois Condamine, president, Indian Subcontinent, […]

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October 15, 2017   No Comments

India Open to $300 Billion Oil & Gas Investments

India will offer global investors $300 billion worth of investment opportunities in the hydrocarbon sector over the next decade to keep pace with the country’s energy demand, India’s Minister for Oil Dharmendra Pradhan said. Speaking in New Delhi at the India Energy Forum, organized by CERAWeek the Houston-based information and insights company IHS Markit, Pradhan said […]

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October 15, 2017   No Comments

Corporate America Bets on India

John Chambers, executive chairman, Cisco, and chairman, U.S.-India Strategic Partnership Forum says, “While India has long been an important global market, never before has it attracted so much enthusiasm from the American business community.” Chambers attributes India’s economic transformation, from “slow follower to fast innovator in a matter of several years,” in large part to […]

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October 12, 2017   No Comments

Amazon Files Patents for its Drones in India

Using unmanned aerial vehicles, Amazon Prime Air proposes to deliver packages to customers within 30 minutes or earlier, and Amazon Inc., filed a patent application in India for exclusive rights on multi-scale fiducials to be used on its drones to identify them from different distances. Business Standard reports that these fiducials will have three or […]

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October 12, 2017   No Comments