OVS, the clothing retailer headquartered in Venice, Italy, plans to have eleven stores in India by December 2028, Managing Director Sundeep Chugh of OVS India told Business Standard. OVS sells family fashion through more than 2,600 stores worldwide. OVS opened its first India store, in New Delhi, in northern India,...
Italy’s Arduino to Manufacture Electronics in India
Arduino, an Italian open-source hardware company best known for its Raspberry Pi microcontroller boards, is considering manufacturing in India to curb counterfeiting and meet rising demand. This move will mark a major shift from its current practice of manufacturing all boards in Italy. CEO Fabio Violante said Arduino may partner with...
U.S. Among Top Destination for India’s Petroleum Products in November ‘22
In November 2022, The U.S. sourced refined petroleum products worth $588 million from India. Analysts said that the imports increased amid the high demand for crude ahead of the U.S. holiday season. Europe’s November imports of petroleum products from India also showed significant changes: Portugal, Belgium, and Italy increased imports...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
India's Wipro Acquires Ohio's International TechneGroup Inc
Bangalore-based IT major Wipro Limited signed a definitive agreement for $45 million to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), that offers solutions for Model Based Enterprise, data interoperability and data migration. ITI has offices in the United Kingdom, Italy, Israel and Germany and directly provides software products and services to...
Fila to Open 100 Shoe Stores in India
Italian-South Korean sporting goods company Fila, a key player in the Indian market, will strengthen its presence by launching 100 retail stores across the country in a span of five years. The brand is projecting sales to grow more than 50 percent by the end of this financial year. Apart...