PhonePe, a leading digital payments and financial services platform in India, is gearing up for a public debut. Owned by Walmart and headquartered in Bangalore, the company has filed confidential draft papers with India’s market regulator, SEBI, to raise $1.35 billion through a pure offer for sale (OFS). This method,...
India’s Rising Popularity in the U.S. Market
India's influence in the U.S. market is experiencing significant growth, as evidenced by both consumer trends and business developments. The recent launch of Mattel's Diwali Barbie, which sold out within a day, exemplifies the growing American interest in Indian culture. Major retailers such as Target, Walmart, and Costco are expanding...
Amazon Boosts Indian Exports to $5 Billion
Amazon's Global Selling program is set to significantly boost Indian exports in 2024, with the e-commerce giant expecting to facilitate $5 billion in sales of small-ticket items from Indian exporters to international markets such as the U.S. and UK. This marks a substantial increase from the nearly $3 billion in...
India Gains Cost Advantage in Global Sourcing
India is aiming to establish itself as a major manufacturing hub for global markets, following China's successful model of becoming the "factory of the world." This shift is driven by recent changes in global supply chains due to the pandemic and geopolitical factors, presenting India with an opportunity to increase...
NY Times: India Challenges China in Manufacturing
The New York Times discusses India's potential emergence as a significant manufacturing hub in the global marketplace, particularly as multinational companies seek to diversify their production beyond China. The shift is driven by geopolitical tensions, especially between the United States and China, and the need for more resilient global supply...
Reasons Companies Shift Supply Chains from China to India
India's infrastructure growth aims to attract foreign companies by providing a supportive business environment. This trend is expected to accelerate over the next five years as India closes the gap with China. Supply Chain Management Review spoke to Samir N. Kapadia, founder and CEO of India Index, who outlined six...