India's e-commerce market is expected to reach over $160 billion by 2028, up from an estimated $57-60 billion in 2023. Online retail has accelerated after COVID-19, with the market expanding by $8-12 billion yearly since 2020, according to the How India Shops Online 2023 report by Bain and Co., in...
U.S. to Ease Visas for Skilled Workers from India
The Biden administration will make it easier for Indians to live and work in the United States. As part of a pilot program (first reported by Bloomberg Law in February) the State Department may announce as soon as Thursday that a small number of Indians and other foreign workers on...
U.S. Commerce Launches IPEF Upskilling Initiative to Train 7 million women
The U.S. Department of Commerce and the Office of the U.S. Trade Representative (USTR) launched the IPEF Upskilling Initiative, in support of the objectives of the Indo-Pacific Economic Framework (IPEF). The Initiative will be a public-private endeavor to support sustainable and inclusive economic growth by providing primarily women and girls in...
Westinghouse to Launch TV Sets in India
Pittsburgh, PA-based consumer electronics brand Westinghouse Electric Corporation announced its launch of a range of TV sets in India. In collaboration with its Indian licensing partner Super Plastronics Pvt Ltd., Westinghouse launched five ‘Made-in-India’ TV models with hopes to gain a market share of 3-5 per cent by the end...
Amazon Announces Manufacturing Line in India
Via Foxconn-owned Cloud Network Technology, an India-based subsidiary of the Taiwanese electronics giant, Amazon is poised to commence manufacturing in Chennai, India. The Chennai line will be capable of producing hundreds of thousands of devices every year, starting with the Fire TV line of streaming devices. Amit Agarwal, Amazon’s global...
Flipkart, Amazon Report $4.3 Billion in Festive Sales in India
During the 15-day festival period of Diwali in October, India’s top two web retailers Flipkart (in which Walmart is a majority stake holder), and Amazon clocked a combined sales figure of $4.3 billion. The festive sale period helps etailers shore up sales as this is when consumers plan large-value purchases...