Japanese electronics major Panasonic is strengthening its manufacturing footprint in India. End January, its subsidiary Panasonic India inaugurated its first refrigerator-making factory in the country. Set up at an investment of $20 million, with an annual production capacity of 500,000 units, the facility is located in India's northern state of...
India's Stock Market Raises $11.6 Billion in 2017
153 initial public offering hit the Indian stock market in 2017, raising $11.6 billion according to an industry report. The report added that the market "looks good" for 2018 as well. The stability of the political landscape in India with continued focus on reform agendas by the government and significant tax...
Panasonic Announces its First India Innovation Center
Osaka, Japan-based Panasonic will jointly work with India's Tata Consultancy Services (TCS) at its Center of Excellence - a part of the India Innovation Center - that it set up at TCS's campus in Bangalore. Both companies will drive innovation and create new business opportunities in the Internet of Things...
Daimler, Volvo Export Trucks, Buses from India
Both Daimler and Volvo are making India their export hub for large trucks and luxury buses such as the Mercedes-Benz, Mitsubishi Fuso, Freightliner and UD Trucks. Daimler India Commercial Vehicles (DICV), the Indian subsidiary, has already begun exporting its Mercedes-Benz trucks and buses, made at its Chennai facility, to Southeast...
Vodafone India adds new 3G and 4G Sites
Vodafone India added 3,300 new 3G cell towers to bring the total to 59,000 with a population coverage of 96 percent of target urban areas. The company has 9,700 4G towers and sites with coverage of 45 percent of its data revenues across five key circles, reports telecomlead. Though the company plans...
Global Grocery Markets Set to Grow between Now and 2020
Food and consumer goods research firm IGD forecasts that “the vast majority of global grocery growth will come from Asia, Africa and Middle East supported by increasing affluence, urbanization and rising populations,” according to GlobalMeat News. Rank Country 2020 $Bn 2015 $Bn % Change in Value 2015 - 2020...