With increasing awareness, and Internet penetration in India, e-commerce is blooming. Currently, Amazon India has launched bookstores in Hindi, Kannada and Tamil – three regional languages in India.
The Hindi bookstore was launched in April 2014 with over 23,000 titles. It offers a vast selection of genres ranging from literature, fiction, biographies, children’s books, and classic novels by famous authors. “Additionally, there is a vast collection of reference books and textbooks to help students and job aspirants prepare for interviews and tests. Customers can also enjoy reading Hindi translation of more than 800 bestselling English books,” says Noor Patel, director (Category Management) at Amazon India.
In July 2014, Amazon launched the Tamil (the language mainly spoken in the south-eastern state of Tamil Nadu) bookstore with a selection of over 8000 titles making it the largest Tamil book store in India.
And in the month of October of the same year, titles in Kannada (the language mainly spoken in the southern state of Karnataka) were made available, with more than 7300 books, 4700 movies, and 2500 music albums. The company recorded a 30 per cent growth in the demand for Kannada books in three months, Patel observed.
Patel added that regional books used to face significant challenges in reaching its customers due to the highly fragmented publishing industry and its ability to reach all points of sales even within the states where they are published, reports SiliconIndia News.
“But e-commerce has played a key role in bridging this gap, taking books to their readers irrespective of their location and language. Due to the wide range of languages in India and the high levels of inter-state mobility, several readers were unable to buy books published in their mother tongue or language of their choice. Identifying this need, we launched the regional bookstores,” explained Patel.
October 12, 2015 No Comments
The Swedish home furnishings company IKEA has announced a long term plan to open 25 stores in the country at a cost of $80 million per store. In July this year the company bought land in Hyderabad in south India for its maiden store.
Business Standard reports that IKEA has signed a memorandum of understanding with various state governments in India: Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, and Maharashtra for its stores to be located in these states.
“Our priority is to find the right locations for our stores, to increase our supplier base, and establish long-term relations with the authorities and other important partners. In the first phase we are looking at establishing IKEA stores in Delhi-NCR, Mumbai, Bengaluru and Hyderabad,” a company spokesperson told Business Standard in reply to an emailed questionnaire.
October 12, 2015 No Comments
Oil major ExxonMobil will set up a technical and business support center as well as an R&D facility in Bangalore, the capital of the southern state of Karnataka. When the center starts in late 2015 it will initially have about 1,000 employees, and this number is likely to increase five or six times when it is fully operational.
When The Times of India contacted a spokesman from Exxon the person confirmed that the company is “establishing a new affiliate to develop a business support center in Bangalore later this year to provide a range of technical and business support services for the company globally.”
September 3, 2015 No Comments
In the latest example of a commitment to the ‘Make in India’ initiative, Aequs Automotive, headquartered in Bangalore, announced the inauguration of its new 100% export-oriented automotive manufacturing facility in Belagavi. Located in the state of Karnataka, Belagavi is India’s first precision engineering special economic zone.
The 27,000 square feet facility will manufacture engine, transmission and hydraulic components for passenger and commercial vehicles for export to Aequs customers such as Jacobs Vehicle Systems, Bosch Group, Danaher Group, and Eaton Corporation.
Rajeev Kaul, Group CFO and Managing Director, India of Aequs said, “The launch of this new manufacturing facility and our planned investment of an additional $5 million to upgrade the facility over the next two to three years reflect our confidence in India’s ascension as a major automotive manufacturing hub and in our ability to serve the needs of our global customers.”
June 10, 2015 No Comments
AECOM, a Fortune 500, U.S.-based engineering consulting firm that provides end-to-end solutions for all kinds of infrastructure development projects, plans to hire 1,500 more employees for its India operations, its global chairman & CEO Michael S. Burke said. Currently the company has 2,500 employees located across eight regional offices and project offices in 26 states in India.
Burke, who is visiting India for the first time, said in New Delhi, “AECOM is committed to India and is in a strong position to help Prime Minister Modi and the Indian government achieve the infrastructure vision for the country. We will be hiring professional local talent in India. They are expected to be engineering professionals, architects and planners.”
The company is working on the Dholera New Township in Gujarat, and development of the naval base Seabird in Karwar in the state of Karnataka. The projected construction cost for the two projects is $7.3 billion and $3 billion, respectively. It also provides consultancy services for the Metro rail projects in six cities. The total cost of construction works being undertaken by AECOM for the Mumbai, Hyderabad, Kolkata and Chennai Metros is $9.9 billion.
March 15, 2015 No Comments