India Eases Rules for Foreign Brands to Own Store Chains

The Government of India announced 100 percent foreign direct investment in single brand retail trade; global single-brand retailers will no longer need its permission to own and operate stores in the country. Earlier, overseas companies needed government approval to own more than 49% of an Indian retail operation, leading many to partner with Indian companies […]

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January 11, 2018   No Comments

Amazon India to Launch Online Grocery Marketplace

With the Government of India’s approval to invest $500 million in its food retail business, Amazon India will soon commence its online grocery and food retail division. Amazon has almost doubled its authorized capital to $4.74 billion matching its earlier capital commitment of $5 billion made in June, 2016. The company has already launched Amazon […]

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January 11, 2018   No Comments

Sephora Expands Footprint in India

With demand on the rise for premium products in India, French beauty and cosmetics retailer Sephora, is increasing its outlets in India. Sephora India, a partnership between Moet Hennessy Louis Vuitton and India’s Arvind Ltd, operates through 13 company-owned stores across metros. It plans to add at least ten more stores in the next fifteen […]

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January 11, 2018   No Comments

India to Buy $317 Million in Training Services for Boeing P-8i

India’s Ministry of Defense approved the purchase of Boeing‘s P-8I Training Solution along with a 10-year comprehensive maintenance service for $317 million. This training solution accurately simulates P-8I aircraft and mission systems, and will help the Indian Navy train and realistically rehearse for sophisticated missions involving P-8I aircraft. This aircraft is equipped for long range […]

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January 9, 2018   No Comments

Arrow Electronics to Acquire India-Based eInfochips

Centennial CO-headquartered Arrow Electronics entered into a definitive agreement to acquire product engineering and software R&D services company eInfochips Ltd, headquartered both in Ahmedabad, India and San Jose, California. After the acquisition, which is likely to close this month, eInfochips will act as a fully-owned subsidiary of Arrow Electronics. Pratul Shroff, founder and CEO of […]

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January 9, 2018   No Comments