On May 23 during President Biden's first Asia tour, he revealed Washington’s long-awaited Asia-Pacific economic strategy: the Indo-Pacific Economic Framework for Prosperity (IPEF). "The future of the 21st century economy is going to be largely written in the Indo-Pacific — in our region," the President said. Along with a dozen...
Azelis Expands Distribution in India
Belgium-based Azelis, a global provider of specialty chemical and food ingredients, has extended its distribution scope in partnership with San Diego headquartered CP Kelco in India, Indonesia, Malaysia and Thailand. Starting July 11, Azelis will cover the food market in India. Azelis will distribute the complete range of CP Kelco’s...
US-India Trade Returns to Pre-Pandemic Levels
The two largest democracies in the world, India and the United Stated had their economies buffeted by the impact of the Covid-19 pandemic so it is no surprise that bilateral trade dipped as well. The bright spot was American FDI, Foreign Direct Investment, into India but that was driven largely...
Mercedes rolls out first locally manufactured GLC
German luxury carmaker Mercedes-Benz stated it had started local production of its AMG portfolio in India and rolled out its first GLC 43 4MATIC Coupe produced in India priced at $103,000 from its Pune factory. The company now produces 11 models locally in this factory which has an annual installed capacity of...
Netflix approaches 4.6 million paid subscribers in India
According to a recent report by Media Partners Asia, (an independent provider of research, advisory and consultancy services across the media, telecom, sports and entertainment sectors in the Asia Pacific region), the alliance with Reliance Jio is expected to help American streaming service Netflix close the year with 4.6 million...
VC investments in India more than doubled in September quarter
According to Venture Pulse – a quarterly report published by KPMG Private Enterprise, the venture capital investments were robust world over, despite the pandemic-led disruptions during July-September quarter. The VC investments In India, grew to $3.6 billion in July-September from $1.5 billion in the June quarter, supported by mega deals including the...