Mars Inc will invest $160 million to establish a production plant for its Snickers brand in Pune, Maharashtra. Announcing the move, the company said it is setting up local production to cater for growing demand in the Indian confectionery sector. Mars India general manager M.V. Natarajan stressed the magnitude of...
Mars Inc. to Invest $160 Million in India Factory
Mars Inc., the world’s biggest chocolate company, will invest over $160 million to set up its manufacturing plant in Pune, in the state of Maharashtra. Mars International India, its wholly-owned India arm, signed a memorandum of understanding with the Maharashtra government on Wednesday to this effect. This will be one...
GE Opens Manufacturing Plant in Pune
Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, "The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.” The $200 million new plant is...
Go East, Young Entrepreneur!
Here are three stories of entrepreneurs that went east to India, survived, and succeeded: Valerie Wagoner started her company ZipDial, which was acquired last month by Twitter, based on her insight of the potential of missed calls in the bandwidth deprived Indian mobile market. In 2013, Greg Moran and David...
Cushman Predicts 46 million square feet of New Office Space in 2015
According to VCCircle.com, global real estate consultancy firm Cushman & Wakefield has reported that Bangalore, NCR, Mumbai, Hyderabad, Pune, Chennai, Ahmedabad, Kolkata are the top eight cities that are expected to have a robust supply pipeline of 46.4 million square feet of office space available in 2015. The release said...
Insurer Allstate Announces $1 Billion Expansion in India
Allstate Corporation, the largest publicly traded home and auto insurer in the U.S., plans to spend $1 billion in India within the next four years, to strengthen its offering in technology and operations. Having started India operations in 2012, Allstate Solutions Private Ltd. currently has over 4,500 technical experts in...