According to Reuters India, IKEA Chief Executive Mikael Ohlsson devoted much time to acquiring local knowledge of what consumers desire in their furniture, in order to give the company an edge. Through their accumulation of knowledge, they will accommodate to the needs of the cultural majority. "Most people don't really...
China's Haier to Manufacture all Products in India
According to a recent article, by 2016, the Chinese consumer durables major Haier will manufacture all of its products in India. This will shield Haier India from the rupee-dollar fluctuations and encourage faster growth. Their 40-acre facility in Pune currently holds imports from China such as refrigerators, televisions, washing machines,...
Western Companies Flock to India for R&D
German automotive parts company Schaeffler Group will set up a research and development unit in India. The maker of hydraulic clutch release systems, may hire up to 200 people. For all its trouble in the US, American car-maker General Motors is doing well in India. It plans to hire 150...
India CEOs supremely confident
Top executives of companies are generally a sanguine bunch. But the economic crisis of 2008 shook their confident about future prospects and the recovery in confidence has not been uniform. According the 2010 Price Waterhouse Survey of 1,198 CEOs, 81 per cent of CEOs worldwide are confident of their prospects...
American exports to India
By Christmas this year, the world’s largest refinery complex will be operational in western India. It will produce 1.1 million barrels a day. Recent development is partly financed by a loan guarantee from the Export Import Bank of the United States. American companies have played a major export role in...