Sourcing from India for 30 years for its global stores, Swedish home furnishing company, IKEA, plans to double its sourcing from India to 600 million euros by 2020. About 70 percent of the current sourcing is in textiles and rugs. To be part of the $600 billion Indian retail market, IKEA has pledged...
Four U.S. Companies Make Big Moves in India
During Prime Minister Modi’s recent visit to the U.S. to address the joint meeting of members of Congress, several U.S. businesses announced investments into the Indian market, reports Huffington Post. Star India, a subsidiary of 21st Century Fox, announced it will invest an additional $5 billion in the country over...
Polycom Sets Up Third R&D Center in India
San Jose, California-based Polycom, (recently acquired by Canada-based telecom service provider Mitel Networks) has opened its third R&D facility in India. The move will make India the largest R&D center for the company since it already has two research facilities in Bangalore and Hyderabad, reports Economic Times. Inaugurated by Michael...
India’s Nuclear Fuel Complex Sets World Record in Production, Again
The Nuclear Fuel Complex in Hyderabad, India, set a world record for nuclear fuel production in 2015-16 with 1,503 tons of fuel produced. This is the second year in a row that NFC, a component of India's Department of Atomic Energy, has produced the most fuel of any plant, and...
State of Telangana in India to Set Up Startup Incubation Center
In a boost to entrepreneurship in the country, the southern state of Telangana in India announced in its new IT policy that the government will develop 1 million square feet of infrastructure space in tandem with the private sector, which will be dedicated to startups and entrepreneurship-related activities, over five...
Chris Powell, CMO at Commvault Considers India a Key Opportunity
In an interaction with Dataquest, Chris Powell, CMO & VP Operations at Commvault, gave insights on the new R&D center in India and how the data and information management company headquartered in New Jersey, plans to expand its business in India. Dataquest said: Please give details about the new...