Category — Market Entry

Make in India Exhibition Gets Response

The Make in India week, organized by the Department of Industrial Policies and Promotion and the western state of Maharashtra created avenues for showcasing, connecting and collaborating for manufacturing in India. The response from corporate investors from domestic and international markets was significant , and 2,094 memorandums of understanding were signed during the week between various industry players and state governments. The govrnement claims new commitments  of over $250 billion from local and global industries, reports Business World.

Make in India Week

Key investments announced included

  • An MoU between Sterlite Group company’s TwinStar Display Technologies and Maharashtra Industrial Development Corporation for an LCD manufacturing unit in technical collaboration with Autron of Taiwan
  • BAE Systems  a Briritsh defense vendor and  India ‘s Mahindra & Mahindra  for assembling and testing of M777 Howitzers
  • Gujarat Government and Vestas of Denmark to manufacture wind turbine blades at Ahmedabad, in Gujarat
  • Gujarat Government and Tar Kovacs Systems of France for an offshore platform to develop marine applications in the state

Indian companies annoucements spanned

  • Mahindra and Mahindra’s $1.5 billion expansion plan
  • Raymond Industries’ $225 million  for manufacturing linen yarn and fabric facility
  • JSW Steel’s  investment into $1 billion  Jaigarh Port Ltd.,
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February 23, 2016   No Comments

Education-Hungry India is a Prime Target for Global Online Universities

BBC reports that at present, only about 12% of young people in India get university places and the Indian government has a target to increase university enrollment by 30% by 2030.

The Indian higher education sector could not realistically expand that quickly in terms of traditional universities says Steve Hill, director of external engagement at U.K.’s Open University, who sees distance learning as a practical way for India to reach its target for another 14 million university places in less than 15 years. “The only way it is going to reach its target is online. India has to embrace distance learning,” he adds.

Open University, does not offer courses directly, but works with local institutions and support courses accredited by Indian universities. “They will deliver their own local qualifications,” but with content and online teaching resources provided by us, says Hill.

Coursera, a company based in California, wants to be part of India’s drive to expand access to higher education. It offers “Moocs” (massive open online courses), and offers free online courses from 140 universities including Yale, Stanford, Columbia and Edinburgh.

However, since Coursera courses do not lead to an external exam or an accredited degree, and Dr. Rick Levin, CEO of Coursera says that if employers in India accept online Mooc courses as relevant for job applications it would help close the skill gap.

A recent report from the British Council forecast that by 2025 India will have the biggest student-age population in the world. It means a decade of even more intense competition from international universities for a share of this expanding market.

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February 23, 2016   No Comments

Online Universities Target India

BBC reports that at present, only about 12% of young people in India get university admission and the Indian government has a target to increase university enrollment by 30% by 2030. Dr. Rick Levin, CEO of Coursera, the California company that offers “Moocs” (massive open online courses), says this is “hugely ambitious” and then qualifies it further as “frankly almost impossible” if such an expansion were to depend on building new bricks and mortar universities. It would mean establishing “literally a couple of thousand universities” as well as expanding the existing institutions, he says.

Coursera, with 17 million registered students and free online courses from 140 universities including Yale, Stanford, Columbia and Edinburgh, wants to be part of India’s drive to expand access to higher education.

However, since Coursera courses do not lead to an external exam or an accredited degree, Levin says that if employers accept online Mooc courses as relevant for job applications it would help close the skill gap.

Rick Levin, CEO, Coursera

Rick Levin, CEO, Coursera

U.K.’s distance learning university, the Open University, also has ambitions to increase its reach in India, not by offering courses directly, but by working with local institutions and support courses accredited by Indian universities.

“They will deliver their own local qualifications,” but with content and online teaching resources provided by the Open University, says director of external engagement Steve Hill who sees distance learning as a practical way for India to reach its target for another 14 million university places in less than 15 years. The Indian higher education sector could not realistically expand that quickly in terms of traditional universities, he says. “The only way it is going to reach its target is online. India has to embrace distance learning,” he adds.

A recent report from the British Council forecast that by 2025 India will have the biggest student-age population in the world. It means a decade of even more intense competition from international universities for a share of this expanding market.

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February 16, 2016   No Comments

Ontario Premier Wynne & Team Sign 65 Agreements in India

Concluding an 8-day trade mission to India, Premier Kathleen Wynne of Ontario, Canada said the province’s ties to this fast-growing nation of nearly 1.3 billion people are getting stronger. The Ontario delegation visited New Delhi, Amritsar, Chandigarh, Hyderabad, and Mumbai.

Premier Kathleen Wynne of Ontario, Canada

Premier Kathleen Wynne of Ontario, Canada

Ontario companies, universities, and colleges signed 65 agreements worth $240 million during Wynne’s visit. “India is open and willing and ready to work with us and now our job is to seize that opportunity,” the premier added in an interview Saturday.

Wynne met with Prime Minister Narendra Modi twice, and the chief ministers — (the equivalent of state governors) — of five states, as well as federal and state cabinet ministers. She also had private meetings with leaders of Indian industry, including Cyrus Mistry, chairman of Tata Group, whose holdings include the automakers Jaguar, Land Rover, and Tetley Tea, and Anand Mahindra, chair of Mahindra Group, which makes cars and tractors reports Metro.

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February 16, 2016   No Comments

Petrone Worldwide to Acquire Transpower Component, India

Florida-based Petrone Worldwide, supplier of food and beverage and culinary equipment to worldwide hotel chains has announced that it is expanding its food service disposables, and has signed an agreement to acquire Moradabad, India,-based Transpower Component Private Ltd.  Transpower Component manufactures food service disposable aluminum products such as steam table pans, rounds, squares, oblongs, ovals in a variety of sizes with coordinating lids. This strategic acquisition will allow Petrone Worldwide to significantly advance its disposables strategy throughout Europe, U.S.A., South & Central America and consolidate an already established Indian market, says Bloomberg Business.

Petrone

“We evaluated many companies to determine the best fit for the acquisition of our organization. Transpower is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the food service segment,” said Victor Petrone, CEO, Petrone Worldwide.

“Upon completion of the deal, we look forward to expanding Transpower’s well-established low-cost operations and investing in additional manufacturing capabilities, quality systems and design services to deliver more value, lower costs and faster time-to-market to our customers” said Ajay Handoo, director of global networking at Petrone.

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February 13, 2016   No Comments