Category — Market Entry
Under Canada-India scientific and technological cooperation agreement, both the countries will soon begin collaborative research and development in biotechnology including life sciences and medical devices as reported in PharmaBiz
The program aims to stimulate innovative R&D projects, engaging small-to-medium-sized companies and/or larger, well established firms, that address a specific market need or challenge; demonstrate high industrial relevance and commercial potential; and aim to deliver benefit to all participants, and more broadly, to both nations. These projects help participants to become more competitive by developing global research-based alliances with the potential to foster increased or expanded international R&D collaboration.
The Department of Biotechnology (DBT) from India and International Science and Technology Partnerships Canada (ISTPCanada), an NGO selected by the government of Ontario on the Canadian side, have called for proposals from eligible scientists for the project. Researchers and managers of Indian companies, academic institutions, research hospitals or other R&D institutions that are headquartered and operate in India can be part of the project.
Each proposal must include an eligible lead from Ontario and from India. Although it is not mandatory, projects that engage a technology developer and a technology end-user/first customer will strongly be encouraged. Each proposal for the project must identify an eligible lead from Ontario and from India who will be responsible for the development and submission of the joint application within their province or country; be innovative and market-driven, leading to the proposed development of a new product or process leading to commercialization.
November 3, 2013 No Comments
Stan Lee, the comic book legend who co-created such enduring superheroes as Spider-Man and the X-Men, shared plans for his latest creation: an Indian superhero named Chakra.
Lee’s POW! Entertainment has joined forces with the Cartoon Network and Graphic India—a comic book and animation company based in Bangalore —to produce Chakra: The Invincible, a 66-minute, made-for-TV movie that will premiere next month India’s Cartoon Network.
The story follows Raju Rai, a boy living in Mumbai who’s given a magical body suit that activates his yogic chakras and gives him superpowers. In a statement, Lee promised that the “thrill-a-minute superhero saga” will “captivate audiences in India and around the world with his adventures.”
October 25, 2013 No Comments
Yum! Brands Inc. of Louisville, Kentucky, the owner of the KFC and Taco Bell fast-food chains, will spend $10 billion over the next seven years adding restaurants in emerging markets to tap increasing demand for eating out.
The investments will help Yum increase its outlets in these countries to more than 20,000, Chief Executive Officer David Novak said. The company, which opened its 40,000th store in Calangute Beach, Goa, India, said sales from its own and franchise outlets in India will reach $1 billion by 2015. “We’re on the ground floor of global growth in a lot of countries, particularly the emerging markets,” Novak said, speaking in Goa. “In the United States, for instance, we have 58 restaurants for every million people. In emerging markets, it is two.”
The fast-food company gets less than 1 percent of its revenue from India, where CLSA said the market for restaurant chains will grow to $6.5 billion by 2018. Yum is developing menus in India to cater to local tastes, said Novak. It sells rice balls with curry flavor and chicken that’s spicy, he said.
October 25, 2013 No Comments
Increased private sector investments and expansion plans by Apollo Hospitals and Fortis Healthcare are leading to growth of the patient monitoring medical device market in India, according to Medical Design. The market may reach $134 million by the year 2019 according to a study by GBI Research.
Medical Device sales are growing across the board in India.
July 20, 2013 No Comments
Medical Fair India, formerly known as HospiMedica India, drew more than 300 exhibitors, many from East Asia, looking to make inroads into India’s rapidly growing medical market.
According to Plastics News, the Indian health-care sector features strong local and mainland China players in disposable and reusable medical products. Taiwanese companies are middle-level players with significant clientele. With high-end devices, Western countries have a firmer grip, according to the Japan External Trade Organization.
“We have a basic range, but we are supplying very special products to the Indian market — otherwise, it is difficult to compete pricewise with the Chinese and local players,” said Federica Tomasini, a product specialist with Rimos srl. The maker of disposable gynecological products is based in Mirandola, Italy. “We have had distributors in the west and southern part of [India] working with us the past many years. We are looking for more partners to expand further in other regions of the country.”
Taizhou Kangjian Medical Equipment Co. Ltd. of Taizhou, China, showcased gynecological specula. “In India, a metal version is widely used, but we have made it in plastic and are promoting in India,” said export manager Andy Cheng. The company has supplied the product in small quantities and now is looking to market it in India in a big way. “It is disposable and much cheaper than the metal one,” Cheng said. “India could be a big market for this product.”
July 20, 2013 No Comments