Jerusalem, Israel-based IDenta Corporation, the international drug and explosives-detection company, has supplied detectors to India, reports Bloomberg Business. CEO Yaacov Shoham said, “Every year before the end of the financial year (March 31 in India) IDenta Corp. participates through the local representative company Technomaxx in different tenders related to IDenta's...
Ikea to Operate 25 Stores in India
The Swedish home furnishings company IKEA has announced a long term plan to open 25 stores in the country at a cost of $80 million per store. In July this year the company bought land in Hyderabad in south India for its maiden store. Business Standard reports that IKEA has...
Cargill Grows its Feed Business in India
Cargill India started sales of its animal feed product in the northern state of Uttar Pradesh only last year, and has surpassed its target by almost 40%. “After starting our animal feed business in Uttar Pradesh, we had clocked average monthly sales of 250 tons against our initial target of...
U.S. and India Collaborate on Urban Transportation
U.S. Transportation Secretary Anthony Foxx signed a Memorandum of Cooperation (MOC) on Transportation with India’s Minister of Road Transport and Highways, and of Shipping, Nitin Gadkari. Minister Gadkari signed the MOC on behalf of the Indian Government, which will establish a Transportation Partnership among the U.S. Department of Transportation and...
India’s Rug & Carpet Industry Modernizes
Traditionally, the weaving of carpets and rugs in India has been a cottage industry -- weavers picked up raw materials from vendors of carpets, weaved at home, and returned the finished product to the vendors. From looms to technology to automation, nothing much had changed in the way carpets were...
Why is China's Alibaba Investing in India’s e-Commerce Market?
The number of smartphone-using Indians runs into millions and they are the key growth drivers of India’s burgeoning e-commerce sector. Quartz quotes technology consultancy firm Forrester Research which reports that by 2016, more online commerce consumers will make their purchases from mobile phones, instead of desktops, and by 2019, the...