H.B.Fuller Sets up R&D Facility in India

St. Paul, Minnesota-based adhesives manufacturing company H.B.Fuller, expanded operations in India by adding a research center in its manufacturing facility at Shirwal, near Pune, and a business office in Pune. The company serves industries such as electronics, disposable hygiene, medical, transportation, clean energy, packaging, construction, and woodworking.

Jim Owens, president and chief executive officer at H.B.Fuller said, “We are pleased to be expanding our footprint in India. We are optimistic about the new opportunities our new business office and R&D center will provide us, and our customers.”

HB Fuller's R and D Lab in Pune

Spanning 5,000 square feet, the new R&D center has dedicated areas to conduct experiments, run demonstrations and train customers on its hot melt, water-based, anaerobic and cyanoacrylate technologies. Its proximity to the production floor increases collaboration between the company’s R&D and operations teams, reports the Business Standard.

June 8, 2017   No Comments

Dell EMC to Invest $1 Billion in India

IT infrastructure provider Dell EMC, based in Massachusetts, plans to invest $1 billion to set up its product development center in Pune, a city 75 miles east of Mumbai, as well as expand its manufacturing base in India.

Dell EMC Product

The company already has a factory near Chennai, in south India, from where it shipped its 10 millionth product last month, Dell EMC Director for Mega Projects, Ravinder Pal Singh said. He added that the sales turnover of the company will be over $3 billion over the next couple of years, reports India Infoline News Service.

 

June 5, 2017   No Comments

“Co-Working” Catches on in India

Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year.

“Though still nascent, this category could prove to be a disrupter as bigger co-working players such as WeWork enter India and more such facilities pop up across cities,” said Ramesh Nair, CEO of JLL India.

With 9,600 seats available at co-working facilities across the country, Mumbai records the highest absorption nationally, followed by Delhi-NCR, Kolkata, Bangalore, Chennai, Pune and Hyderabad, reports the Economic Times.

Inside an Office

Sumit Lakhani, CMO at Awfis Space Solutions said, “Companies can make savings of up to 20-30% by working in a co-working space.” The firm’s clientele includes small and medium-sized enterprises, start-ups, freelance professionals, consultants, and corporations.

May 30, 2017   No Comments

Warehousing Sector Surges in India

In anticipation of the national Goods and Services Tax roll-out in July, warehousing facilities will increase by 18 percent to 132.5 million sq ft, and this sector is likely to see investments of about $700 million, according to industry experts

Delhi-NCR had the maximum warehousing stock in 2016 at 29.3 million sq ft, followed by the Mumbai Metropolitan Region, Bangalore, Pune, Chennai  Kolkata, Hyderabad, and Ahmedabad.

A warehouse

Ramesh Nair, CEO, JLL India, told BusinessLine that in 2016, the Grade A and B warehousing stock touched 111.9 million sq ft from 96.8 million sq ft in 2015, and that the GST roll out will “up-grade warehousing infrastructure.”

According to Nair, Pune and Chennai lead the way in Grade A and B warehouse rentals due to their proximity to manufacturing hubs, and local market dynamics.

 

May 30, 2017   No Comments

Herbal Supplements Market to Grow at 6.29% Annually

Pune, India-based Sandler Research forecasts that the global herbal supplements market will grow at a CAGR of 6.29% during the period 2016-2020. The report says that the drivers facilitating this growth are the growing awareness of the benefits of dietary supplements especially among women, and the increase of herbal supplements among adults.

Key players in this market are: Gaia Herbs, Herb Pharm, Nature’s Bounty, Nutraceutical, and Rainbow Light Nutritional Systems. Other well-known vendors are: Arizona Natural Products, Arkhopharma, Bio-Botanica, Blackmores, i-Health, Megafood, New Chapter, Pharma Nord APS, Pharmavite, Ricola USA, Solgar, and Sundown Nutrition.

Herbal Supplements

PR Newswire reports that the demand for herbal supplements is fueled by the increase in healthcare expenses globally due to the rising prices of drugs, medical devices, and hospital care. In 2015, Europe  dominated the global herbal supplements market with a market share of around 45%. The growing number of e-commerce and retail stores, coupled with a rise in the older population, is expected to boost growth in the herbal supplements market in Europe during the forecast period.

April 28, 2017   No Comments