Category — Market Entry

Dunbia Sends First Shipment of Pork to India

Headquartered in Dungannon, Northern Ireland, Dunbia, one of the U.K.’s largest meat processors, sent the first shipment of pork to India at the end of 2015, with plans underway to ship further containers in the coming months, reports Global Meat News.

Dunbia Sausages

Dunbia Sausages

Mr. Jim Dobson, Group Chief Executive for Dunbia commented, “This shipment represents a significant opportunity for Dunbia and our pig farmers and is the beginning of what we hope will be a long and profitable relationship with India which is one of the largest and fastest growing economies in the world.  The first container has been very well received by our Indian customers and we are currently consolidating further containers for shipment.”

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January 30, 2016   No Comments

2015: Highest M&A Deals in India Healthcare Market

According to a report in Live Mint which quoted data from VCCEdge, outbound mergers and acquisitions in the healthcare sector in India were worth $1.5 billion in 2015 as against $251 million in 2014.

Outbound Acquisitions

Acquirer Acquiree Deal Size
Lupin, India Gavis Pharmaceuticals, U.S. $880 million
Cipla, India InvaGen and Exelan, U.S. $550 million
Strides Arcolab, India Aspen Pharmacare, Australia $287 million

 

 

 

Inbound deals also more than doubled to $999 million in 2015 from $430 million in 2014.

 

Inbound Acquisitions

Acquirer           Acquiree Deal Size
Mylan, U.S. Famy-Care, India $800 million
Recipharm AB, Sweden Nitin Life Sciences, India $100 million
IHH Healthcare Bhd, Malaysia Ravindranath GE Medical, India $200 million
IHH Healthcare Bhd, Malaysia Continental Hospitals, India $45.4 million
Temasek Holdings, Singapore Medanta, India (18% stake) undisclosed
Bionpharma, U.S. Banner Life Sciences, India (25 products that generate $70 million annually) undisclosed

 

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January 30, 2016   No Comments

Fincantieri of Italy to Collaborate with Defense Shipyards in India

Trieste, Italy-based shipbuilding company Fincantieri has signed a contract with Mazagon Dock Limited, an Indian shipyard controlled by the Ministry of Defense and specialized in the building of naval and offshore units, to provide technical advice within the Project 17A.

This project includes the construction of 7 stealth frigates 488 feet in length with a displacement of 6,400 tons that were ordered by the Indian Navy from Mazagon Dock Limited and Garden Reach Shipbuilders & Engineers. While the Indian Navy will provide the basic and functional design, the ships will be built at the two shipyards with Fincantieri’s experience. Fincantieri will aid in the development of detailed engineering aimed at integrated building in the two yards; design optimization processes and modular construction; training and ongoing technical assistance for every stage of design till delivery reports The Maritime Executive.

This long term collaboration will also bring about a significant return of technology and know-how for Fincantieri, with the creation of system advisors, useful for other programs in which the group is involved too.

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January 30, 2016   No Comments

Danone to Launch India’s Desserts in Europe

French dairy company Danone is planning to introduce Indian dessert Mishti Doi or sweet yogurt in the European market. It is also keen to launch the Indian dairy products in a few international markets. Currently, the company’s research and development wing in France is looking at the recipes of mango lassi, which is a flavored yogurt-based drink.

Danone India managing director Laurent Marcel was quoted by The Times of India as saying, “There is a big similarity between food habits of people in France and India. Along with the tendency of using fresh ingredients to prepare meals, people of both countries are heavy yogurt users.”

Additionally, Danone plans to bring in products to India from its global portfolio. The company will launch ready-to-serve custards soon. “It’s a global innovation. In India, people find it difficult to prepare,” Marcel said. The company has applied to the FSSAI, the country’s apex food regulator, for product approval of several brands from its nutrition portfolio.

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January 30, 2016   No Comments

Netflix Launches in India

Having launched in India, Russia and 130 new countries, Netflix is all over the world,. Netflix CEO Reed Hastings announced that his streaming video giant more than tripled the number of countries it operates in.

Forbes reports that Wall Street hopes Netflix’s international expansion can outweigh concerns about slowing growth at home in the United States. The company’s shares were up 5.5% after the announcement.

Netflix

Reuters sayts that Netflix’s new service in India starts at $7.50 per month, with additional plans coming in slightly higher, at $10 and $12 each, and users will be able to access Netflix through an app on a smart TV, a video game console, a streaming player, a smartphone or a tablet.

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January 17, 2016   No Comments