Speaking at a session on Opportunity in Infrastructure, Logistics Technology and Equipment in New Delhi this November, the Federal Minister for Road Transport & Highways, Shipping, Water Resources, Nitin Gadkari, said that the federal government is committed to providing transport and logistics infrastructure in the country. Gadkari noted that the...
Cargill to Invest Additional $240 Million in India
Minnesota-based Cargill said it will invest $240 million in India over the next five years in its business of edible oil, cocoa and chocolates, starches and sweeteners, and animal nutrition. This announcement was made at the World Food India Conference held in Delhi in early November by Cargill Asia Pacific CEO Peter...
WeWork Expands to India
Miguel McKelvey, co-founder and chief creative officer of the $20 billion New York-based collaborative workspace startup WeWork, discussed his business in India with Forbes' India staff Anshul Dhamija. McKelvey said that in India WeWork had entered into a partnership with the Embassy Group. They launched operations in the beginning of...
India's Zoomcar to Launch Bicycle Sharing Service
Ford-backed car rental service Zoomcar based in Bangalore, India, is set to start a bicycle sharing business. Founder, American expatriate Greg Moran, said that the company will have its own fleet of cycles and will start the service in Bangalore, Chennai and Kolkata. “We have observed a huge market gap for...
Nielsen Partners India's SnapBizz for Data on Retail Analytics
New York-based global marketing research firm Nielsen Corporation announced a strategic partnership with retail technology start-up SnapBizz, headquartered in Bangalore, India, to provide real-time, actionable insights on products and services for retailers and companies in traditional trade. Traditional trade stores account for nearly 90 percent of the fast-moving consumer goods...
Volvo Starts Assembling Cars in India
Swedish brand Volvo has begun assembling cars at their plant near Bangalore in India. Cars valued $40,000 or more that are brought into the country through the Completely Built Unit route attract an import duty of 100%. So to make the cars more affordable to Indian consumers, Volvo India will go...