Category — Market Entry

Covidien creates India training center

Further developing its capabilities in India,  Covidien PLC has opened a training and education center in India. Quoted in MarketNews Brian D. King, President Emerging Markets said “The Covidien Center of Innovation India in  Mumbai offers clinicians training on advanced procedures and techniques using leading equipment and technology.

The top three priorities will be procedures to address vascular disease, metabolic disorders (obesity and Type II diabetes) and cancer. Mark Rooney, Managing Director, India Subcontinent, Covidien, said, “Chronic diseases contribute to over half of Indian deaths. Cardiovascular disease, dyslipidemia and many types of cancers are highly prevalent in urban and rural areas. The India center will have the capacity to train more than 5,000 healthcare professionals annually

Covidien has an important and growing presence in India with offices in Gurgaon, Mumbai, Chennai, Kolkata and Hyderabad. The company has more than 400 employees in India with a network of distributors and partner hospitals across the country. In 2012, Covidien opened  the Covidien India Engineering Center, in Hyderabad. (Full Disclosure: The company is an Amritt client. This article is derived exclusively from public sources).

Capture

Share:
  • del.icio.us
  • Facebook
  • LinkedIn
  • Twitter

April 30, 2014   No Comments

Lush to enter India with Delhi Store

The beauty brand Lush, which runs 900 stores globally, wants to open a store in Delhi by the end of 2014. “Our investment will initially be limited to setting up and running a single shop in Delhi…. If the market responds well, we plan to develop this into a much larger  investment as we expand our presence through brick and mortar stores and, if the government allows it, online” said Rose Byfleet, Lush India project manager.

Foreign retailers and brands have entered the Indian market under single brand retailing in a big way in the last couple of years. The government has cleared single-brand retail proposals worth nearly $2 billion in the past year. Since 2006, the government has cleared 60-70 proposals of single-brand retail after the segment was opened to foreign investors.

Share:
  • del.icio.us
  • Facebook
  • LinkedIn
  • Twitter

April 1, 2014   No Comments

Tesco Enters India’s Retail Market

Retailer Tesco plans to become the first global chain to enter India since the government allowed foreign companies to invest in multi-brand retail more than a year ago.

Tesco proposed to invest about $110 million to gain a 50 percent stake in partner Trent Hypermarket Ltd (THL), a unit of Tata Group that runs Star Bazaar supermarkets, according to a statement from India’s commerce ministry. The application was submitted yesterday and they plan to open between three and five new stores each fiscal year, it said. On completion of the transaction THL will operate 12 stores retailing a range of merchandise including food and grocery, personal and home care products, home and kitchen, fashion and accessories. The stores are operated under the ‘Star Bazaar’ and ‘Star Daily’ banners, and spread across the southern and western regions of India.

Share:
  • del.icio.us
  • Facebook
  • LinkedIn
  • Twitter

March 31, 2014   No Comments

Capri-Sun Enters India market with Fruit Juice for Children

Capri-Sun has entered the India market in partnership with Hyderabad-based company SDU Beverages.

“With the second largest population in the world, India’s beverage market opens up great potential for us. To establish Capri-Sun in India is a big challenge we know that …but we also are sure it offers unlimited potential,” Capri-Sun CEO Carsten Kaisig according to Business Line 

“We have total annual retail sales volume $2 billion.  The all-natural fruit drink for kids in available in four flavors, and in the first phase it will be available in top nine cities across the country. SDU Beverages MD Kishore Agarwal said: “We will be able to produce 2 million cases in our plant in Hyderabad which is expandable to 6 million.” We have made an investment $10 million in the first phase in this facility and are looking $20 to $40 million in annual sales in the coming years.”

Share:
  • del.icio.us
  • Facebook
  • LinkedIn
  • Twitter

March 31, 2014   No Comments

Arun Kumar confirmed by the Senate to lead Commercial Service

The U.S. Senate has confirmed yet another Indian American nominee of President Barack Obama to lead the trade promotion arm of the U.S. Commerce Department charged with helping U.S. companies succeed in markets around the world.

Kerala University physics graduate Arun M. Kumarwas confirmed to be assistant secretary of commerce and director general of the U.S. and Foreign Commercial Service by a voice vote March 12. A resident of Los Altos, California, Kumar holds an MBA from MIT’s Sloan School of Management and led KPMG/s India practice from his Silicon Valley base until his retirement last year. In this new role, Kumar is responsible for promoting American exports all over the world and manages a staff of Commercial Officers spread across America and the globe.

Share:
  • del.icio.us
  • Facebook
  • LinkedIn
  • Twitter

March 31, 2014   No Comments