Category — Market Entry
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
The United Nations Conference on Trade and Development (UNCTAD) has just confirmed that transnational corporations view India as a top destination for foreign direct investment, next only to the United States and China in that order. The top three rankings remained unchanges from 2012 and are reported on Page 50 of the report which is a no-fee download from the UNCTAD website.
In 2012 – for the first time ever – developing economies absorbed more FDI than developed countries, with four developing economies ranked among the five largest recipients in the world. Developing countries also generated almost one third of global FDI outflows, continuing an upward trend that looks set to continue.
Indonesia, Brazil, Germany and Mexico rank 4th to 7th respectively. Russia’s rank slipped to 11 from 8 last year.
July 6, 2013 No Comments
In the 1700′s big parts of India and America were ruled by the British. Trade drove the Brits to both countries and so it is not surprising that there are connections between America’s fight to become and stay independent and the role of the British.
- The British East India Company had a royal charter to be the only entity to conduct trade with India (and to some extent with China). The Sons of Liberty armed with an assortment of axes dumped 340 chests of British East India Company Tea, onboard the Beaver, Dartmouth, and Eleanor into Boston Harbor the night of December 16, 1773. The cargo was worth more than $1.7 million in today’s money. This was a seminal event in the American Revolution that led to the Declaration of Independence on July 4, 1776. But there is more…
- The British Navy commissioned a Zoroastrian (Parsi) shipbuilder Jamshedji Bomanji Wadia to built a 74-gun teak ship that was launched in 1810 from the Duncan Docks in Bombay (now Mumbai), India. The “HMS Minden” participated in the invasion of the island of Java, then sailed for Great Britain and escorted convoys to the East Indies, the Cape of Good Hope, South America, and the coast of Africa. The ship was in Chesapeake Bay off the cost of Maryland during the War of 1812. Francis Scott Key was imprisoned aboard the Minden when he wrote the poem “The Defense of Ft. McHenry”, which became the lyrics for “The Star-Spangled Banner.”
What this means
The two largest democracies in the world are bound together by ties that go back to the birth of each country as a republic. Stay tuned for an updated closer to August 15, when I will talk about the role of America in India’s Independence movement.
If you have questions about doing business with India, no one in America knows the opportunity and challenge better than my team, see the Amritt website for more.
July 2, 2013 No Comments
East End Foods, a British company based in Birmingham is exporting spices back to India! In a “coals to Newcastle” situation, Jason Wouhra, a director of East End Foods, is quoted in The Hindu newspaper. “At the moment, we have contracts with shops, hotels and restaurants in places such as Delhi and the Punjab. But we can see a huge market potential to expand massively. This is only the beginning,” he said. Two executives from the company had travelled with Cameron’s biggest-ever UK trade delegation to sign the contracts in India.
The British Prime Minister has set a target of doubling trade with India by 2015 and has pegged small and medium-sized enterprises (SMEs) such as East End Foods as the key to achieving that growth. Mr. Wouhra, who was recently appointed chairman of the business group, Institute of Directors West Midlands, believes innovation can bring the Midlands, and Britain, out of recession. East End Foods, which supplies to 80 per cent of independently owned Indian food shops in Britain and many of the supermarket chains, was set up in Wolverhampton 40 years ago.
May 28, 2013 No Comments