Atotech headquartered in Berlin, Germany, inaugurated the Atotech Development Center (ADC) in Manesar, India. Though the facility was fully operational since late 2020, the pandemic delayed the official inauguration of the Center. CEO Geoff Wild said, "The opening of the ADC is an important milestone for our company. It now...
Aniseed Flavored Vodka from India
NV Group of New Delhi, India has incorporated NV Group USA, bringing on industry veteran Mike Ginley to lead the venture’s 24-person sales team. Ginley has been tasked with building the US presence of NV Group’s portfolio of beverage brands, which includes Smoke Lab Vodka’s classic and aniseed-flavored expressions. “The initial...
India Records Highest Ever FDI Inflow
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...