Cisco Makes India Their Global Export Hub

Hoping to make India a global export hub, San Jose, CA-based Cisco is working with its global component-making partners to help facilitate this plan. “We are working with the global ecosystem providers to set up shop in India and as they start moving in, costs will be less as we will not have to import the same components that are needed to manufacture the product,” Dinesh Malkani, president of Cisco (India and Saarc) told the Times of India.

Cisco

Cisco, which files two patents per week in India, has set up six innovation centers in the cities of Bangalore and Jaipur and in the states of Telangana, Andhra Pradesh, and Gujarat to co-innovate with customers, startups, and partners to build new solutions and products.

 

 

 

 

 

India is one of Cisco’s best performing countries globally over the past four to five quarters. the company launched its first Made-in India product last month, a router, one of the most popular products in its portfolio globally.

 

 

April 19, 2017   No Comments

Flexible Office Concepts Gain Traction in India

To set up its presence in India, China‘s e-commerce firm Alibaba rented 30 seats in a flexible office in Bangalore. The deal for the dedicated seats or private studios is with co-working community venture CoWrks one of the largest commercial real estate developers in the country.

Inside an Office

Sidharth Menda, CEO at CoWrks, said many corporations have been rethinking their real estate strategy to now include working out of CoWrks. Bangalore-based data tracking firm Tracxn says that currently there are 61 sites where co-working spaces are available in India of which 16 were set up last year. Start-ups and e-commerce firms opt for such spaces to keep overheads low, reports the Economic Times.

March 29, 2017   No Comments

Diageo’s India Business Center May Serve 70 Global Markets

Diageo Enterprise Operations, which provides U.K.-based liquor company  Diageo, its customers and suppliers with shared business functions, is located in India’s southern city of Bangalore. The center will offer new services in the technical IT area – including data, analytics and technology and it will also establish “a robotics center of excellence”.

Ivan Menezes CEO, Diageo

Ivan Menezes CEO, Diageo

Speaking at the launch last month, CEO Ivan Menezes said, “In the next three years, it is likely to become one of Diageo’s biggest business centers supporting Diageo’s customers, suppliers and employees, providing services to 70 global markets for Diageo”, reports The Spirits Business.

March 26, 2017   No Comments

Israel Aerospace Industries Inks 3 Deals in India

Israel Aerospace Industries, (IAI) the nation’s largest aerospace and defense firm, signed three cooperation agreements with Indian companies at the Aero India exhibition held last month in Bangalore.

The agreement between IAI and India’s Bangalore-based Dynamatic Technologies Limited calls for the Israeli company to transfer technology and production capabilities to Dynamatic that will enable the production of local mini UAV systems for Indian end-users.

Israel-India flag

Separately, IAI said its Golan Industries Division, signed a memorandum of understanding with  Taneja Aerospace & Aviation Ltd., based in India’s southern state of Tamil Nadu, to cooperate in the development, production, marketing and sale of civil and military aircraft crashworthy-seats.

IAI also signed a memorandum of understanding to set up a joint venture with India’s Pune-based Kalyani Strategic Systems Ltd., the defense arm of Kalyani Group. As part of the accord, IAI and Kalyani will together aim to expand their activities in the Indian defense market and to build, market and manufacture air defense systems and ground-to-ground and ground-to-sea munitions, reports the Times of Israel.

March 25, 2017   No Comments

India’s Flipkart Raises $1.4 Billion Funding

Flipkart Private Ltd, the Singapore-based holding company of India’s e-commerce marketplace Flipkart, based in Bangalore, closed a $1.4 billion funding round with backing from Chinese Internet giant Tencent, eBay, and Microsoft. Post funding, the valuation of India’s most highly valued startup is now $11.6 billion from a previous high of $15 billion. The investments will give Flipkart a possible entry into the peer-to-peer e-commerce market.

Flipkart Logo

eBay will sell its Indian business to Flipkart in part exchange for an equity stake; however, it will continue to operate as an independent entity. Tencent, a leading provider of internet value-added services, will become a “strategic investor”, bringing experience in linking social networking, and e-commerce reports CNBC.

“This deal reaffirms our resolve to hasten the transformation of commerce in India through technology,” co-founders Sachin Bansal and Binny Bansal said in a press release.

March 23, 2017   No Comments