Speaking at World Food India 2017 in New Delhi, India's Finance Minister Arun Jaitley said, "Food processing is going to be one of the principal industries of India in the future. The farm to kitchen chain is going to change in India, like elsewhere, with increased agricultural production, better storage...
Health Consciousness in India Boosts Dietary Supplements Market
BillionFit: Technology Redesigning Healthcare a joint study by Kalaari Capital and accounting and advisory firm Grant Thornton says that with India's consumers now invested in healthier lifestyles, the fitness technology segment will double to $250 million by 2023. Wearable fitness devices such as fitness trackers, and smart technology such as...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Multinationals Bullish on Warehousing in India
Due to growth in both the consumer sector and e-commerce in India, overseas investors and real estate players are increasingly investing in warehousing and logistics. Key players such as Singapore's Ascendas-Singbridge, Assetz Property Group, Ohio-based Logos Realty, Canada Pension Plan Investment Board and the Everstone Group, among others, have made...
Amazon's India Innovations Adopted Globally
Seattle-based Amazon's innovations in India are being adopted by its teams from across the globe including its U.S. and European e-commerce arms, Terry Hanold, vice president of Amazon's international consumer technology, said. The Times of India reports that a successful innovation, called "seller flex," allows a seller to make their...
India Approves Amazon's $500 Million Investment in Food Retail
India's Department of Industrial Policy and Promotion approved e-commerce major Amazon's proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online. Last year the government allowed 100 percent foreign direct investment for...