Over the next five years, China‘s smartphone maker Nubia will invest $100 million in India in mobile technology startups and to forge partnerships with local content creators as part of its strategy to build an ecosystem around its products in India. It also plans to start production in India soon.
“India is our first priority, and we count it among our top three markets. We want to be the No. 1 online brand in India – it’s our major target,” Mai Donghai, senior vice-president of Nubia, told the Economic Times. “The timing is right as well, considering the network transformation and adoption of 4G.” Mai added that Nubai plans to open its R&D center in India for deeper software customization and that it may acquire design firms in India to support local R&D.
Currently, Nubia’s focus is only on the online channel for its sales, and it is working with Amazon for this purpose. Going forward, it will launch its own e-commerce portal to sell devices in India, and it will set up experience stores.
January 2, 2017 No Comments
Word on the street was that India’s November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say:
Forbes reports that 2017 will be a bumper year for India’s real estate market as well as for its economy. The country tops the list of preferred destinations for investment in property by institutional investors.
The middle class in India is the driver of the surge in domestic consumption, has very little household debt and is looking for suitable housing. The finance industry is supportive and India’s central bank has repeatedly cut interest rates. All these factors are promising trends for investors in the realty market, and for 2017 Bangalore and Mumbai are the top-ranked cities for both investment and development, according to the 2017 version of Emerging Trends in Real Estate Asia Pacific, put out by Washington D.C.-based Urban Land Institute.
India is seeing a boom in business-park development, and suburban development is creating new business and residential neighborhoods. Blackstone of New York City, the Toronto-based Brookfield Asset Management, privately-held Chinese conglomerate Dalian Wanda are seriously interested in property assets in India.
Anuj Puri, chairman and country head of Jones Lang LaSalle India says: 2016 saw the biggest changes in decades, especially on the policy front – the Goods and Services Tax and the Real Estate Regulatory Authority bill cleared hurdles, and are on their way to implementation. REITs will help smaller investors to invest in Grade-A commercial real estate across India. India’s first REIT listing will happen in 2017.
India’s Tier-I cities moved up to the 36th rank in JLL’s biannual Global Real Estate Transparency Index in 2016 due to improvements in structural reforms and liberalization of the foreign direct investment policy. India came 4th in developing Asia in terms of Foreign Direct Investment inflows per the World Investment Report 2016 by the United Nations Conference for Trade and Development. Thanks to a proactive government keen on improving India’s ranking on different indices and strengthening public institutions, the country is poised to become a modern economy.
As the real estate market achieves higher transparency, the mismatch of demand/supply can offer opportunities for developers and investors alike. Indian real estate is on its way to becoming a consolidated and moderately efficient sector over the next few years.
December 30, 2016 No Comments
Serious about manufacturing iPhones in India, Cupertino, California-based Apple has requested concessions from India’s government. These are exemptions from the country’s product labeling regulations, and tax relief. The company has filed a formal request to India’s Department of Revenue and Department of Electronics and Information Technology requesting to be excluded from the mandatory product labeling information so that it can maintain the iPhones minimalist look.
India is one of Apple’s biggest growth markets, and manufacturing iPhones in the country will give Apple the option of opening its own stores without the necessity of middlemen or distributors – a strategy that China‘s Huawei has successfully followed.
Forbes reports that India’s smartphone market is expected to overtake the U.S.’s next year and become the second largest in the world behind China, according to recent research by IDC.
December 29, 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
Reliance Jio claims to have signed up 52 million 4G subscribers since its official launch in September, while Airtel added nearly three million 4G users in the second half of the year, taking its total to 7.4 million. Idea Cellular at number 3 is forecast to have 4.2 million 4G subscribers by the year-end; Reliance Communications 3.6 million; Aircel 1.7 million and Vodafone India 1 million, reports Mobile World Live.
Together all these companies mentioned above are expected to have at least 70 million 4G connections by the end of the year. Currently India is the third largest 4G market in Asia, behind China (704 million) and Japan (128 million). The U.S., with 215 million 4G subscriptions, stands first globally.
There is little doubt India will surpass Japan in 2017 to become the third largest 4G market worldwide.
December 16, 2016 No Comments