Clariant, a specialty chemicals company headquartered in Muttenz, Switzerland, will commence its new greenfield production facility in Cuddalore in the southern state of Tamil Nadu by the second semester of 2017.
“The new site will serve the Indian pharmaceutical industry with state-of-the-art desiccant products produced under the strictest quality and compliance standards, and within a secure, truly global manufacturing network. We are extremely excited that facility construction, and production plans are moving at full speed ahead, according to schedule. The production capabilities at this new facility will add significantly to our global dessicant canister production capacity during 2017,” said Matthias Brommer, head – Clariant Healthcare Packaging.
This factory joins existing production facilities in the U.S., France and China, and it is strategically located within the Bangalore-Chennai biopharmaceutical cluster, one of India’s busiest pharmaceutical hubs, reports Business Standard.
December 18, 2016 No Comments
Reliance Jio claims to have signed up 52 million 4G subscribers since its official launch in September, while Airtel added nearly three million 4G users in the second half of the year, taking its total to 7.4 million. Idea Cellular at number 3 is forecast to have 4.2 million 4G subscribers by the year-end; Reliance Communications 3.6 million; Aircel 1.7 million and Vodafone India 1 million, reports Mobile World Live.
Together all these companies mentioned above are expected to have at least 70 million 4G connections by the end of the year. Currently India is the third largest 4G market in Asia, behind China (704 million) and Japan (128 million). The U.S., with 215 million 4G subscriptions, stands first globally.
There is little doubt India will surpass Japan in 2017 to become the third largest 4G market worldwide.
December 16, 2016 No Comments
India jumped 16 places to number 39 out of 138 countries rated in the World Economic Forum’s competitiveness ranking, due mainly to better infrastructure and strong economic growth. In the World Competitiveness Report 2016-2017 rankings are made on the assessment of 12 parameters: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
India has made significant progress on infrastructure, one of the pillars where it ranked worst,” said the report.
Switzerland, Singapore and the U.S. were ranked first, second and third, respectively. China was ranked 28th, Sri Lanka was 71st, while Pakistan ranked 122nd.
The report also highlighted some of the remaining problems of doing business in India: confusing tax regulations, corruption and others, says the Wall Street Journal.
October 4, 2016 No Comments
InterActiveCorp, New York-based Tinder is launching a new feature, Tinder Social, that allows groups of friends to discover each other and meet up. The company chief told the BBC that this move marked the “first step that we’re taking to make Tinder more social and a little broader when it comes to the types of connections we want to enable”.
To use it, users must first:
- opt in to the feature within the existing app
- select who they are going out with from members that have signed up to the service
- say where they are going
- say what they plan to do
The next day, the group chat expires, and individual members need to like each other to stay in contact, assuming they have not already swapped other contact details, reports BBC.
Tinder Social is now being rolled out in the U.K., U.S., Canada, Australia, New Zealand and India.
July 25, 2016 No Comments
Headquartered in Vienna, Austria, the United Nations Industrial Development Organization (UNIDO) has just released its 2015 Yearbook. A report on global manufacturing output mentions China at the top of the list of the top 10 industrial producers followed by the U.S., Japan, Germany, and Korea. India at the sixth place saw its rank improve three places from the previous assessment reports Business Standard.
The global growth rate of manufacturing production has slowed to 2.8 percent in 2015. This slowdown could be due to reduced manufacturing growth rates recorded by major developing and emerging economies.
In India, Manufacturing Value Added has grown by 7.6 percent in 2015 compared to 2014.
April 5, 2016 No Comments