Jan Widerstrom, chairman, Saab India Technologies, told Economic Times in an interview, “I say that I want to be Indian. I want our company to be Indian, and in the right environment, we will be Indian,” he said. “The government is already working to make the business environment right.” Saab...
2015: Highest M&A Deals in India Healthcare Market
According to a report in Live Mint which quoted data from VCCEdge, outbound mergers and acquisitions in the healthcare sector in India were worth $1.5 billion in 2015 as against $251 million in 2014. Outbound Acquisitions Acquirer Acquiree Deal Size Lupin, India Gavis Pharmaceuticals, U.S. $880 million Cipla, India InvaGen...
Many Countries Evince Interest in India’s Proposed Smart Cities
During the Smart Cities India 2015 Expo in New Delhi from May 20 – 22, many countries expressed keenness in investing in the Indian Government’s smart cities project. Poland expressed interest in partnering with India’s smart cities and industrial corridors, exploring investments in power and mining sectors in many Indian...
IKEA goes local for India and China
According to Reuters India, IKEA Chief Executive Mikael Ohlsson devoted much time to acquiring local knowledge of what consumers desire in their furniture, in order to give the company an edge. Through their accumulation of knowledge, they will accommodate to the needs of the cultural majority. "Most people don't really...
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...