Endorsing India’s continuing rise as a global hub of manufacturing, Bentonville, Arkansas-based Walmart announced that it will increase its exports of goods from India threefold to $10 billion each year by 2027. The expansion in sourcing will develop hundreds of new suppliers in categories such as food, pharmaceuticals, consumables, health...
One in three call centres in India to switch permanently to WFH
Almost one in three call centers (27%) in India will switch permanently to operate from home as a feasible long-term strategy, signaling the future of work in pandemic times, a new study said. Internet access, telecommunication problems, functional limitations such as lack of privacy, space, noise cancellation, lack of desktops and...
Tiffany to Process Diamonds in Nagpur
Premier jeweler Tiffany & Co is planning to invest $10 million in a diamond processing unit to be located in a Special Economic Zone in Nagpur, Maharashtra in Central India. Construction of the 200,000 square foot facility to be located inside the Multi-modal International Cargo Hub and Airport Nagpur began this...
India's share of global exports doubles since 2000
According to an article in the Economist, Pune in west India, has won the steely hearts of Germany’s car firms. Inside a $700m Volkswagen plant on the city’s outskirts, laser-wielding robots test car frames’ dimensions and a giant conveyor belt slips by, with sprung-wood surfaces to protect workers’ knees. It...
Sourcing from India, Ikea to double purchases
Ikea, the Swedish retailer which has expanded in China in a big way, plans to double the amount of goods it buys from India, including textiles, in the next three to four years, to $1.3 billion according to its CEO Mikael Ohlsson quoted in the New York Times. Ikea said...