Just five months after India prohibited the testing of cosmetics on animals, its Ministry of Health has issued new regulations banning the import of any cosmetics that have been tested on animals overseas. Issued as an Extraordinary Announcement in the official Gazette of October 13, this rule (known as 135-B)...
Blue Chip Venture Capitalist Upbeat About India
Sequoia Capital's general partner, Douglas Leone is pleased with India. "We could not be more thrilled. We don't have 25-30 category leaders in the United States; we don't have [as many] in China right now, but we have it in India," said Leone, whose fund has backed companies such as...
India Shines Among Emerging Country Consumer Markets
Consumer demand in emerging markets is getting affected because of weaker economic growth, in major markets such as Brazil and China. But, according to Business Week, India could be a different story. "There are some things going in its favour. Economic growth seems to be recovering and inflation seems to...
Xiaomi to open its R&D and design facility
Xiaomi of Beijing China has identified Indian market as a potential place to grow its business. The company is now ready with a new strategy to set up an R&D center in India focused on local users, designing and customizing the devices according to them. Hugo Barra, Vice President of...
Logistics in India costs less than in China
According to Economist article, logistics in India costs less than in China. Here are two examples that shows China as a mighty trading power, first is Yangshan which is in outskirts of Shanghai, is the world's busiest container port and second is Pudong airport which is world's third-biggest handler of air...
German Retailer Metro to Expand by 210 Percent in India
Europe's fourth-biggest retailer, Metro AG, said it wants India to become one of its "focus expansion countries", alongside Russia, China and Turkey. "We have seen continuous like-for-like growth recently in India. Now we decide to inject extra momentum into our expansion course there," Metro CEO Olaf Koch confirmed. The company...