Category — Market Entry
The National Basketball Association announced plans to open a training facility for top prospects in India — NBA Academy India will focus on instruction for athletes ages 14 to 18 and will be located in the National Capital Region. It is scheduled to begin operation in April 2017 and will provide academic education through a school partnership, reports ESPN.
“Our mission with this academy is to develop and grow basketball in India,” NBA vice president of international basketball operations Brooks Meek said. “It’s focused on improving the level of the players on the national team and to really give a vision to Indian kids that there’s a chance and a pathway for them in basketball.”
By February 2017, representatives from NBA will select the first 24 male scholarship athletes from a series of scouting camps which they plan to hold across the country. The league will also select coaches, scouts and consultants to staff the academy. Once the facility begins operations, top female athletes will be enrolled to train at the academy too.
“The strategy is a holistic approach,” Meek said. “This is off-court and on-court education, all of the things we feel that we want to have a direct impact on influencing the 360-degree development of an elite basketball player.”
December 22, 2016 No Comments
Apple Inc., has written a letter to the federal government in India outlining its plans to seek financial incentives in an effort to gain market share in the country where 97% of all smartphones run Android, reports Buzzfeed.
Earlier in June, the government allowed single-brand retailers like Apple to open stores in the country with the caveat that they procure at least 30% of their raw materials from India after the first three years.
Prime minister, Narendra Modi, has been trying to ramp up manufacturing in the country through the “Make In India” initiative, and smartphone makers such as Samsung, Xiaomi, and OnePlus already assemble their phones in India to keep prices down.
With 50 million of the country’s 1.2 billion people owning a smartphone, India’s market is not saturated, yet, and is an attractive market for Apple to see significant growth.
December 20, 2016 No Comments
Springboro, Ohio-based CleanLife Products that debuted in India earlier this year forecasts a turnover of $2 million by March 2017.
“India is a pretty big market. We have an order pipeline of $2 million, which is expected to close by March 2017. We are targeting $20 million in the next 5 years. India should contribute more than 20 percent of global sales in next 5 years,” founder and CEO Puneet Gupta told the Economic Times.
With a product portfolio that includes waterless shampoos, conditioners, body washes, shampoo caps and body wipes, the company is focused on the healthcare segment, defense industry, home care post surgery and products for seniors and the over-the-counter space in India. The products provide a comfortable alternative to traditional bathing methods, and the company has partnered with many hospitals in India.
Gupta added that in three years the company plans to set up its own manufacturing facility in India.
December 19, 2016 No Comments
Clariant, a specialty chemicals company headquartered in Muttenz, Switzerland, will commence its new greenfield production facility in Cuddalore in the southern state of Tamil Nadu by the second semester of 2017.
“The new site will serve the Indian pharmaceutical industry with state-of-the-art desiccant products produced under the strictest quality and compliance standards, and within a secure, truly global manufacturing network. We are extremely excited that facility construction, and production plans are moving at full speed ahead, according to schedule. The production capabilities at this new facility will add significantly to our global dessicant canister production capacity during 2017,” said Matthias Brommer, head – Clariant Healthcare Packaging.
This factory joins existing production facilities in the U.S., France and China, and it is strategically located within the Bangalore-Chennai biopharmaceutical cluster, one of India’s busiest pharmaceutical hubs, reports Business Standard.
December 18, 2016 No Comments
The Trump Organization has more active projects underway in India — at least five — than anywhere else outside North America, reports NPR. And even if Donald Trump goes through with his declaration that he will exit his businesses to avoid any conflict of interest arising from his global enterprises, the entity in charge of his business will likely reap benefits from the Trump name.
In India, Trump’s partners in real estate (where the Trump name — in gold — graces projects) pay the Trump Organization for use of the Trump name, which to many, is synonymous with quality. So though he has not invested in these properties, the Indian brand-licensing agreements have the potential to earn the Trump Organization at least several million dollars says Ramesh Jogani a Mumbai-based real estate developer. Priced at $2 million for each unit, construction is underway at the 75-story, gold-facade Mumbai Trump Tower, with half of the 412 units already sold.
However, Mumbai property consultant Gulam Zia predicts, “Any permission, any license, any favor that this product attracts because of the brand will be noted, magnified, spoken about, debated and fought over in the media.”
December 18, 2016 No Comments