Category — Market Entry
Michigan-based Neogen Corporation has acquired Sterling Test House, a food testing laboratory located in Cochin in India’s southwest state of Kerala, and which will now act as a base for the company’s new operations in India. Terms of the deal were not disclosed.
Incorporated in 1990, Sterling’s business has grown to include virtually all of the food safety and water quality testing for major hotels and restaurants in its home region, as well as safety and quality analysis for the country’s expanding nutraceutical market, and growing food export businesses reports CNN Money.
“Sterling’s excellent reputation and 25-year history of providing exceptional service to the food and nutraceutical industries align perfectly with our goal of establishing a solid presence in India,” said Dr. Jason Lilly, Neogen’s vice president of corporate development. “India’s rapidly expanding middle class is increasingly demanding more, higher quality foods — which is an exact match with Neogen’s mission,” he added.
June 3, 2015 No Comments
Honeywell and Tata Power - Delhi Distribution announced that they have successfully implemented the first ever automated demand response (ADR) project for commercial and industrial facilities in India, reported CNN Money.
ADR gives the grid operator a new, domestic resource to help reduce stress on transmission and distribution lines, and improve supply efficiency by managing the power during peak consumption hours, and at other grid emergency times. Temporary reductions in energy use are effected when demand threatens to outpace supply and this prevents brownouts and blackouts.
With nearly 50 percent of the country’s peak load tied to commercial and industrial sites, the ability to adjust related energy use is critical. Grid operators like Tata Power Delhi Distribution Ltd. can use ADR to help reduce peak load in a facility 15 percent on average, creating a “virtual power plant” that generates “negawatts” or reduced demand.
“This is a significant initiative — one that supports our mission to build a resource-efficient, environmentally friendly electrical grid,” said Praveer Sinha, CEO of Tata Power Delhi Distribution Ltd. “We are committed to making this deployment a success, and finding new opportunities to extend ADR to other customers, thus playing a role in helping to meet Delhi’s energy needs. We believe our steps in this direction will also encourage other Indian utilities to adopt smart grid technology for efficient operations.”
June 3, 2015 No Comments
As part of expanding and strengthening its bioscience operations, Japan-based Tosoh Corporation has acquired Lilac Medicare an in-vitro diagnostics company headquartered in Mumbai, India, reports BioSpectrum.
Established in 1997, the Lilac Group operates in the fields of two main technologies: ELISA and Chemi-luminescence and caters to the diagnostic needs of its customers in the specialties of endocrinology, cancer, tuberculosis, hepatitis, ToRCH and autoimmune diseases. It has recently entered the fields of clinical biochemistry, hematology, and electrophoresis.
By building on Lilac’s network, Tosoh hopes to increase its share in the growing Indian market by using its own immunological and diabetes diagnostic analyzers as stepping stones towards expanding its bioscience business in India.
May 28, 2015 No Comments
Milleniumpost reports that California-based mobile video streamer Vuclip will open its first R&D center in India and third globally. The company claims to be the world’s largest independent mobile video and media company, and it said it will hire about 100 engineers from India in the next year.
May 6, 2015 No Comments
Denmark’s Carlsberg beer has recorded a 42 percent volume growth in 2014 and has emerged at #3 rank in India with 11 percent market share. Michael N. Jensen, CEO of Carlsberg India since 2012, has put in a lot of effort toward the success of the Carlsberg brand in the Indian market, where the company currently has seven breweries. Once a month, Jensen randomly picks an outlet that sells their beers anywhere across 140 cities, and spends a whole day there interacting with customers, outlet owners, and staff. “Nothing can give you better insight about what the beer drinkers actually want. This leads to product innovations. This is how we understood the need for strong beer, which we don’t sell in other parts of the world,” said Jensen.
“We stay focused here [India]. India is like a continent with many countries, every state here has its own nature, uniqueness and different consumer taste. So, our brands needs to match all those for sustainable growth,” said Jensen.
India’s preference for strong beer saw the company’s Tuborg Strong to be the fastest growing among their beer brands Carlsberg Green, Carlsberg Elephant, and Tuborg Green.
“Doing business is not easy anywhere, and India is no exception. But, you can’t be in India and be global. One needs to be humble, understand the local culture, the needs of the local consumers to build a business in any country,” said Jensen, who has worked in many European countries and across Asia Pacific for Carlsberg, a rival beer maker, and beverages major Coca-Cola.
Carlsberg sees India as a long-term game. “India is a very good promise. India is the future,” said Jensen.
May 6, 2015 No Comments