Belgium's Chimay, one of only 11 "Trappist" beers in the world, brewed by monks within the walls of an abbey, with profits going to charity, will be available in India. Its launch in the Indian market coincides with the Belgian royal couple King Philippe and Queen Mathilde visit to India...
U.S. Tops All Destinations for India’s Engineering Products
Engineering Export Promotion Council of India — the apex body for Indian engineering exporters — says that the demand for Indian engineering goods in many of the developed economies and especially in the U.S. has increased sharply. Shipments of engineering exports to the U.S. went up 91 percent to $1.53 billion...
Mars Food Acquires Tasty Bite in India
Mars Food, the European arm of Virginia-based Mars Inc, has signed a definitive agreement to acquire Preferred Brands International, based in Connecticut. The deal is expected to close by the fourth quarter of 2017, subject to regulatory approvals. Preferred Brands International, a manufacturer and marketer of ready-to-heat Indian and Asian...
In 2016, India Held $118.2 Billion U.S. Government Securities
Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December. Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure. The Economic...
India’s Chocoholics Attract Duc d’O of Belgium
Belgian truffles made by Duc D’O are soon going to be available at India’s supermarkets. Chocolates imported from Belgium will face competititon from Lindt, Mars, Guylian and Ferrero Rocher. The latter brand rose from zero to the top three in India very rapidly, proving that there is plenty of room...