Category — Consumer Goods

Reliance India Offers a 4G JioPhone for “Free”

India’s Reliance Industries‘ chairman Mukesh Ambani launched the 4G-enabled feature phone, the JioPhone at the company’s annual general meeting. This mobile phone is free for 3 years with a refundable deposit of $23.

4G VoLTE-enabled JioPhone

 

India.com reports that the 4G VoLTE-enabled JioPhone is packed with features such as:

  • Unlimited voice, data, and texts for a data plan of $2.50 per month
  • Support for all languages
  • It is pre-loaded with Jio apps, a flashlight, an expandable SD card slot, a headphone jack, microphone, speaker and 4-way navigation
  • An intelligent voice assistant command option that can help users make calls, use Jio apps, search the web, and more
  • It includes an SOS feature and also supports FM Radio
  • Its “Jio Phone TV-Cable” can be connected with any television, not just smart TV

The move by Reliance can prove to be the next disruptor in India’s telecom market.

 

July 21, 2017   No Comments

Volvo’s Managing Director Says GST Is Good for Business

In an interview with the Economic Times, Tom Von Bonsdorff managing director of Volvo Auto India said that the recently introduced Goods and Services Tax (GST) is a business enabler. “The ease of doing business in India will grow. Now we have just transitioned to GST, give it a few months, it will settle down and will be good for business.”

Bonsdorff told the publication that the company will continue to bring hybrid cars into India despite the higher GST levies on this category of vehicles. Hybrid cars are the crucial first step in helping India achieve its 2030 goal of switching to electric cars for personal transport, he added. In 2019, Volvo will launch its fully electric car globally.

Volvo Logo

“We launched our first plug-in-hybrid last fall. We will continue to launch plug-in-hybrids in all the cars that we bring in. We are committed to that,” Bonsdorff said. He also noted that the company had a good start this year and will go forward in its plan to bring in new cars. He was confident of achieving a target of selling 2000 cars and having 25 new showrooms by the end of this year.

July 20, 2017   No Comments

India Approves Amazon’s $500 Million Investment in Food Retail

India’s Department of Industrial Policy and Promotion approved e-commerce major Amazon‘s proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online.

Last year the government allowed 100 percent foreign direct investment for trading, including through e-commerce, in food products manufactured and produced in India. In 2016-17 (December to April) the food processing sector in the country received FDIs of $663.23 million, reports the Economic Times.

Amazon Logo

July 13, 2017   No Comments

U.K.’s Triumph Motorcycles Will Be Made in India

Britain’s Triumph Motorcycles will accelerate assembly operations in India, and by 2018, 90 percent of the products it sells in the country will be produced at its Manesar plant situated in the National Capital Region of Delhi.

The company sells 16 models across five different categories and it recently launched its all-new Street Triple S motorcycle priced at $13,175. The model is powered by a 765-cc engine and comes with switchable traction control and DRL headlights. It is also equipped with ABS, various riding modes and an LCD instrument pack, reports BGR.

Triumph Motorcycle Street Triple S

Currently the company imports most of its motorcycles from Thailand and the U.K. and only 20 percent of its products are assembled in India.

 

June 26, 2017   No Comments

India Ratifies UN’s Convention for Goods Transit

India is the 71st signatory to the United Nations’ TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe.

TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization. IRU, will work closely with all relevant stakeholders in India on training, development, and outreach efforts to prepare the country in six months in implementing the convention said Umberto de Pretto, secretary general of IRU.

A Truck

India recently ratified the trade facilitation agreement of the World Trade Organization, and this move will help India access transnational multi-modal connectivity.

Kazem Asayesh, senior advisor on TIR and Trade Facilitation said, “The TIR system has been facilitating trade and international road transport for over 60 years, by allowing customs-sealed vehicles and freight containers to transit countries, without border checks.”

A study in the United Nations Economic and Social Commission for Asia and the Pacific region estimated that implementing TIR can generate economic benefits ranging from 0.14 to 1.31 percent of national GDP, reports the Times of India.

June 22, 2017   No Comments