IKEA, the Sweden-headquartered home furnishings retailer, wants to quadruple its revenue in India by 2030. The Economic Times reported that the company plans to grow from eight stores to thirty and to double its investment in the country to $2.2 billion at current exchange rates. IKEA is recording double-digit sales...
ASML of Netherlands wins $11 billion commitment from Tata Electronics
During his European tour, Prime Minister Narendra Modi’s visit to the Netherlands yielded an agreement in the tech sector: India’s Tata Electronics signed an $11 billion deal with Dutch technology giant ASML. As Europe’s largest technology company by market value, ASML will provide advanced lithography machines and technical support to...
Getinge CEO Mattias Perjos: India is an Important Key Market for Us
Mattias Perjos, president and global CEO of Sweden headquartered medical technology company, Getinge, talked about the challenges and scope of medtech companies in India, market expectations, and Getinge’s key plans for the country with Financial Express. Lightly edited excerpts from the discussion follow: On Getinge’s plans for India’s medtech industry and...
Sweden’s Episurf Custom Knee Implant Approved in India
Stockholm-headquartered Episurf Medical announced that the Indian authorities, the Directorate General of Health Services, Central Drugs Standard Control Organization, Medical Devices Division, confirmed that the company's Episealer® Knee implant portfolio represents a custom made device that can be imported to India in accordance with the rules for such devices. This...
India, Sweden to Create Affordable Healthcare Solutions
India and Sweden are all set to scale up work on finding solutions focused around digital innovations to make healthcare more affordable and accessible. A health platform will be launched at the India-Sweden Business Summit to step-up work in the area. The development is significant as Sweden and India on...
India's Ranking on Global Innovation Index Improves
According to the annual edition of the Global Innovation Index (GII), released on July 24, 2019, by the World Intellectual Property Organization, India improved its ranking by five places to 52nd from 57th position last year. The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing...