Category — Market Entry

India to Get its First Cartoon Network Themed Park

Turner International India, a division of New York City-based Times Warnerand the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of Gujarat. Amaazia is expected to be operational by the first quarter of 2019. 

Spread over 657,00  square feet, the park has been conceptualized and designed by the Sanderson Group, Australia. Planned as a family entertainment destination, the park will have 33 rides and attractions featuring popular Cartoon Network characters, 20 unique water-slides, a water park, a family recreational hub, and a retail shopping area. The venture aims to tap one million footfalls in its first year of operations, reports Business Line

Sanjay Movaliya, chairman, Rajgreen Group, said, “Our audience today is well-travelled and exposed to global entertainment venues. Our aim is to create a similar experience closer home, via our association with a hugely popular global brand like Cartoon Network.” 

A section of a roller coaster

According to a KPMG report, the Indian theme park industry grew at 10.25 per cent in 2016 to reach $466 million, up from $426 million in 2015.

November 10, 2017   No Comments

Paypal Starts India Operations

After offering cross-border payments in India for a decade, global digital payments major PayPal announced the launch of its India operations.

PayPal Holdings, Inc., said, “Merchants offering PayPal will be able to process both local and global payments through PayPal, getting access to PayPal’s 218 million customers around the world and in India through a single integration.”

The Government of India’s recent push towards digital payments led PayPal to partner with government and state-owned banks on a number of initiatives, such as digital financial literacy programs and eTourist Visa (eTV), reports the Economic Times.

PayPal Logo

“India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale. For us, the marathon has just begun,” Anupam Pahuja, Country Manager and Managing Director, PayPal India said.

India’s digital payments journey is on a high growth trajectory and we are proud to be a part of it. We are excited about our prospects in a market that is highly inspirational and aspirational,” Rohan Mahadevan, CEO PayPal Private Limited and senior vice president, General Manager, APAC said.

 

November 9, 2017   No Comments

Legend 3D Establishes an India Facility

Los Angeles-based Legend 3D is the latest U.S. film services company to mark its presence in the Asia Pacific region by launching a 40,000-square-foot facility in the western Indian city of Pune, about 73 miles from film capital Mumbai. Legend India is located in the 10-acre Suzlon One Earth campus and will be connected via a secure digital pipeline with Legend’s L.A. and Toronto facilities.

Legend Logo

Legend offers stereoscopic 3D conversion, VFX, Virtual Reality and animation services. “This strategic decision was enacted to provide Legend’s clients with an experienced expanded global team to provide the quality, economic benefit and skill set required to execute digital imaging at the highest possible level,” Legend CEO Aidan Foley said.

The move to India follows Legend 3D’s recent legal victory against VFX major Prime Focus based in India. In September, the U.S. Patent Trial and Appeal Board invalidated a number of Prime Focus’ patent claims to 3D conversion technology in a case brought by Legend 3D.

October 28, 2017   No Comments

Paul Penders Botanicals Debuts in India

U.S.-based Paul Penders Botanicals, one of the first vegan beauty and personal care brands, launched in Dehradun, the capital city of the northern state of Uttarakhand in India.

Chief executive and founder, Paul Penders, who was present at the launch said, “I am ecstatic to be introducing Paul Penders Botanicals in India, an economy that is culturally enormously dependent on organic therapies and products since centuries. We hope for a great response in India since all the products are cruelty and chemical free.” Penders has inaugurated a new outpost in the Himalayas from where he said “we will be using the most amazing, pure crystal-clear water flowing from the Himalayan Mountains.”

Soap from Paul PendersSargam Dhawan, CEO and director, Paul Penders Botanicals India said, “Through this venture, we aim to redefine vegan beauty standards in India, to better meet the needs and lifestyle of our potential consumers.”

The products of the brand draw inspiration from the founder’s grandmother’s 22-herbs concoction, which is the base material for every product, reports the Economic Times.

September 27, 2017   No Comments

Global Entrepreneurship Summit Will Showcase U.S.-India Partnership

U.S. Commerce Secretary Wilbur Ross said that the Global Entrepreneurship Summit to be held in Hyderabad, India, will be another demonstration on how India and the U.S. can work together to advance the digital economy and entrepreneurial skills of their citizens.

To be hosted jointly by India and the U.S. from November 28-30 this year, the theme of this Summit is “Women First, Prosperity for all” and it will focus on supporting women entrepreneurs and fostering economic growth globally. Ivanka Trump will lead the United States delegation to the Summit, reports India Today.

GES Logo

India’s ambassador to the U.S., Navtej Sarna said, “The focus of the summit will be on four key areas: energy and infrastructure, health care and life sciences, financial technology and the digital economy and media and entertainment. This is the first time GES will be hosted in South Asia.”

GES will help participating U.S. companies better understand how to play a role in India’s new business start-up culture, said Alice Wells, Acting Secretary of State for South and Central Asia.

September 22, 2017   No Comments