Israel’s Netanyahu Hails “New Era” in Ties with India

Benjamin Netanyahu, the first Israeli prime minister to visit India in 15 years, accompanied by his wife Sara on a six-day visit to India, were given a warm welcome by Prime Minister Modi. Driving the growing ties is both leaders’ shared worldview for national-security and free-markets. Both see Israel’s technology-oriented economy as a natural fit for India’s, which needs innovation to improve everything from farming to healthcare.

The Prime Minister, Shri Narendra Modi and the Prime Minister of Israel, Mr. Benjamin Netanyahu during Press Statement, at Metanyahu and Modi at Hyderabad House, in New Delhi on January 15, 2018.

At a press conference in Hyderabad House, New Delhi on January 15, 2018

Netanyahu hailed a “new era” in ties with India as he signed a series of deals on cybersecurity, energy, biotechnology, agriculture, and defense during his first visit. Israel has given initial approval for Indian energy companies to explore oil and gas in the eastern Mediterranean. Bilateral trade has jumped from $200 million in 1992, when the two countries opened diplomatic relations, to $5 billion in 2017.

 

Sara and Netanyahu visited Gandhi’s Sabarmati Ashram in Ahmedabad, Gujarat, where Netanyahu tried his hand at a spinning wheel, a pastime Gandhi made popular while he was jailed during British colonial rule. They also visited the Taj Mahal in Agra, and attended a ceremony to name a square in New Delhi ‘Teen Murti’ in honor of the Indian soldiers who died in the fight to liberate Haifa from the Turks in 1918.

Netanyahu addressed the India-Israel Business Summit organized by the Federation of Indian Chambers of Commerce and Industry in  New Delhi. On his last night in Mumbai, Prime Minister Netanyahu partied with Bollywood bigwigs such as actor Amitabh Bachchan and director Abhishek Kapoor, and pitched Israel as a film destination: Not just because you can see the snow, the beach, the desert, the salty sea and a sweet-water lake within an hour’s drive, he said, but also because Israel has “great technology for businesses and big ideas.”

 

January 19, 2018   No Comments

Nielsen Renews $2.25 Billion Contract with India’s TCS

Mumbai-based Tata Consultancy Services Ltd (TCS) won a $2.25 billion contract, the largest ever for an Indian information technology firm, from U.K.-based television ratings measurement company Nielsen. Under this contract, TCS is assured of $320 million in business from Nielsen every year, beginning 2017 through 2020, $186 million in annual revenue from 2021 through 2024 and $139.5 million in 2025, according to a regulatory filing made by Nielsen to the U.S. Securities and Exchange Commission.

TCS will globally provide Nielsen with professional services relating to information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning, reports LiveMint.

TCS Logo

“This is a milestone contract given not only the depth of the contract but also the breadth of services,” said Ray Wang, founder and CEO of Constellation Research, a technology advisory firm. “TCS did a good job of managing longer-term costs and gaining some cost efficiencies while renewing a longer contract. There is also upside in the long run as this is more of a strategic partnership than outsourcing contract.

December 23, 2017   No Comments

Three of India’s States Consider Hyperloop Installations

In October, I blogged about Hyperloop Transportation Technologies first agreement with India’s eastern state of Andhra Pradesh‘s Economic Development Board, to facilitate the development of HTT’s Hyperloop Transportation System in the state.

In November, Los Angeles-based Virgin Hyperloop One entered into a partnership with the government of Maharashtra for exploring the possibility of connecting Mumbai and Pune with the hyperloop transportation system. The distance of 92 miles between the two cities would take just 14 minutes, a journey that currently takes up to three hours by car, reports BusinessLine.

Virgin Hyperloop One LogoVirgin Hyperloop One has also approached the government of the southern state of Karnataka to conduct a preliminary study to understand hyperloop’s feasibility and economic impact in the region. The state’s minister for IT, Priyank Kharge, said, “We are happy to partner with Virgin Hyperloop One for its preliminary study in our region and we hope to bring out some concrete solutions for the state swiftly.”

Nick Earle, senior vice president for global field operations, Virgin Hyperloop One, said, “India is one of the most important geographies for developing hyperloop networks and re-imagining the complete transportation system. With this preliminary study, we are excited to initiate the build-up of a strong foothold that we foresee in future throughout the state,” reports the Economic Times.

December 2, 2017   No Comments

India’s Mahindra Opens Michigan’s First new Auto Factory in 25 Years

Already with a large presence in the U.S. tractor market, Mahindra and Mahindra, an Indian multinational car manufacturing corporation headquartered in Mumbai, launched a new manufacturing facility in Auburn, Michigan, where the company plans to build off-road vehicles. The new facility is part of the company’s expansion plans, and becomes a part of its $230 million investment in Southeast Michigan.

“This is an exciting day for Mahindra, our terrific employees and Detroit. I couldn’t be prouder to be here to help open this new facility today,” said Anand Mahindra, chairman, Mahindra Group at the launch. He explained that the company had increased its workforce to three times the original number in the past 18 months and was committed to growing the Mahindra brand in North America and Michigan.

M&M Off-Roader 'Thar'

M&M Off-Roader ‘Thar’

The off-road vehicle will be limited to 45 miles an hour, and will cater to people needing an off-roader for tasks on private property or on lightly traveled public roads, reports the Wall Street Journal.

“It is a great day for my district and my State as this is the first automotive manufacturing facility in 25 years. This comeback is real and exciting,” said Congressman Dave Trott adding that Southeast Michigan is the birthplace of automotive industry.

“We are serious about courting Asian investment, global investment in Michigan,” Tracie Tillinger, an official with the Michigan Economic Development Corp., said.

 

 

 

November 22, 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