Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
Flipkart to Expand Warehousing Infrastructure
Walmart-owned online e-commerce company Flipkart announced plans to add more than 800,000 square feet of space and 5 new fulfillment centers to strengthen its grocery supply chain infrastructure. These centers will be located at Delhi, Kolkata, Chennai, Coimbatore and Hyderabad over the next three months. The additional capacity will help...
Tesla Moves Forward with India Market Entry
Tesla Inc is scouting for locations to open showrooms in Mumbai, Delhi and Bangalore and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country. The world’s most valuable automaker by market capitalization is looking for commercial properties as large as...
Korean Beauty Brand Launched in India
Korea's AmorePacfic group has launched its signature luxury brand, Sulwhasoo, in India with Nykaa an omnichannel retailer starting with an online presence in July. With this launch, Sulwhasoo aims to offer its vision of “ageless beauty inspired by timeless wisdom” Further, the Nykaa Luxe store launch is planned for mid-August...
Harman Increases Automotive Electronics Manufacturing in India
Stamford, CT-based Harman, a wholly-owned subsidiary of Samsung Electronics Company, announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, in India's state of Maharashtra. Established in 2014, this plant currently manufactures highly sophisticated connected car solutions including automotive infotainment units for India’s domestic and global automotive...
India to Establish Itself as a Filming Destination
The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...