Indian equities attracted the biggest foreign investment in seven years in March, receiving a major chunk of inflows into Asia. Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam show, of which Indian stock...
India's OYO Enters America's Budget Hotel Market
Having raised $1 billion from the Japanese investor SoftBank, India's hospitality unicorn Oyo entered the U.S. market by opening an office in Dallas, and is testing the market with OYO Townhouses in Austin, Texas. The company generates most of its demand directly, and its customers book rooms via its mobile app. Oyo focuses on the...
Pegatron to Move Some Apple Manufacturing to India
Apple's contract manufacturing firm, Taiwan-based Pegatron Corporation is planning to to open production plants in three new countries: India, Vietnam, and Indonesia. This move comes after Foxconn, one of the primary contract manufacturers for Apple revealed its plans to expand outside China. I had written about this last month. Pegatron...
Indonesian Firm to Invest $3.5 Billion in India's Paper Industry
Indonesian paper and pulp company Asian Pulp and Paper Group will set up not just India's but probably the world's largest paper mill in India's southern state of Andhra Pradesh. At $3.5 billion this facility promises to be one of India's largest FDIs in a greenfield project. The facility will produce 5 million tons...
Four Strategies for MedTech to Thrive in Emerging Economies
Emerging countries are home to ninety percent of the world’s infectious disease burden, while changing habits are increasing the incidence of chronic and lifestyle-related illnesses in these markets. In sectors such as energy, telecom, infrastructure, and consumer products, large companies are significant players in emerging economies. However, according to the...
Looking Beyond Rich Country Patients for Long-Term Growth
New healthcare initiatives in the U.S. and Europe are looking beyond innovation of medical devices in developed countries for long-term growth. The concept of using India as a test bed to expand into new markets is not new, and indeed, any emerging market, including China, Indonesia, Eastern Europe, Latin America,...