Category — Market Entry

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

McLaren Partners with India’s Wipro

Surrey, U.K.-based McLaren Technology Group signed a multi-year contract with IT major  Bangalore-based Wipro Limited to help drive digitization across its businesses. Wipro will assist the sports car maker with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.

McLaren Technology Group Logo

Craig Charlton, CIO, McLaren Technology Group said, “We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in artificial intelligence.”

The Financial Express reports that N. S. Bala, president (Manufacturing & Technology), Wipro, added, “Digitization is a great opportunity for renowned brands like McLaren to re-imagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organization-wide disruptive innovation.”

September 17, 2017   No Comments

Worldwide Entrepreneur Network Techstars Enters India

Boulder, Colorado-based Techstars raised startup funding and helps launch businesses through its startup accelerator and development program entered into a joint venture with India’s Bangalore-headquartered ANSR which offers startups-focused infrastructure.

Techstars India Logo

The Economic Times reports that Techstars, which holds a majority share in the joint venture, aims to open centers across multiple locations in India in a few years. The first center will be launched in Bangalore next year. “The launch of Techstars India will provide an impetus to the rapidly growing startup ecosystem and the emergence of India as a dominant entrepreneurial network,” said Lalit Ahuja, CEO, ANSR.

Techstars operates four divisions: a startup program, an accelerator, corporate innovation partnerships, and a venture capital fund. Typically, startups selected to Techstars’ three-month accelerator program are offered $20,000 in exchange for 6% common stock, and a $100,000 convertible note upon acceptance.

 

September 15, 2017   No Comments

WeddingWire Starts Operations in India

WeddingWire Inc., the Chevy Chase, Maryland-based online marketplace for the wedding industry opened its headquarters in a leased space in Gurgaon, approximately 20 miles southwest of Delhi.

Proximity to Delhi played a role in WeddingWire’s decision to base its headquarters in Gurgaon, reports Bizjournals. “Delhi is the biggest market in India,” said Anoop Kumar, who heads strategy and corporate development at the company. Gurgaon is also a technology hub which hosts Indian operations for companies such as Google, Accenture, and Uber. As a result, there is “a lot of talent there. India represents a large wedding market that is significantly different from the other 14 countries in which WeddingWire operates,”  Kumar added.

WeddingWire Planner

August 10, 2017   No Comments

New Jersey based ATCS Sets Up Innovation Lab in India

New Jersey-based IT solutions company Advanced Technology Consulting Service (ATCS) expanded its operations in India by recruiting new staff and setting up its first Innovation Lab (I-Lab) in Jaipur, in the western state of Rajasthan. The company also opened a new office in Bangalore.

“The I-Lab not only serves as a functional space for approaching ideas and concepts in an alternative setting but also embeds a spirit in our team that ATCS is expected to think differently, creating solutions beyond one’s peripheral views,” said Jason Castellani, partner at ATCS.

The company provides strategic guidance to and implements software solutions for several Fortune 500 companies, and has offices in China, Germany and Canada, reports NDTV Profit.

Manish Krishnan, Global CEO, ATCS, said, “For our customers, innovation is a big drive. Having such a lab in our India office helps us in delivering more inventive ideas to our clients.”

ATCS Press Conference in Jaipur

ATCS Press Conference in Jaipur

July 13, 2017   No Comments