Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India' initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the...
California's Uber to Invest $1 Billion in India
Uber will spend $1 billion over the next nine months to expand its presence in India, which is one of its biggest global markets. The company currently operates in 18 cities in India and offers services unique to the market, such as UberGO (on-demand hatchback vehicles) and UberAUTO (which supports...
Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal
India's $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China's Trina Solar has unveiled plans...
India: Fourth Largest Hub for Startups
According to the Ministry of Finance's Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country's technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB...
India: Next Hot Stop for Smartphone Makers
“India presents the world's largest smartphone growth potential for the next 5 years,” Mark Li, senior analyst at Bernstein Research said in a report titled India: The Next China for Smartphones? India is the world's third largest smartphone market behind China. In the next 5 years it is projected to...
Beauty and the BRIC
Euromonitor International, a provider of strategic market research, says that emerging market consumers are still spending a good amount of cash on beauty and personal care. Value sales across emerging markets were up almost 10% in 2014 over the previous year at fixed U.S. dollar prices. However, annual growth did...