United States National Security Advisor H. R. McMaster met Prime Minister Narendra Modi in New Delhi in the third week of April setting the stage for a bilateral visit by India’s Prime Minister in the next few months, possibly as early as June.
Trump and Modi will meet anyway in early July during the G-20 summit in Hamburg, Germany. However, both Indian and American government sources confirmed the possibility that Modi may travel to the U.S. for a stand-alone bilateral visit in June or July, reports the Indian Express.
April 20, 2017 No Comments
The German color-cosmetic company BeYu will partner with Mumbai, India-based Kaunis Marketing Services for a re-entry to India this April. Short for ‘Be Yourself,’ BeYu sells 500 cosmetic aids in 40 countries which will now be available in India across 150 outlets. The company plans to launch a special set of 230 make-up items to suit skin tones in India.
“I believe this is the right time to re-launch BeYu in India as the disposable incomes of the growing middle- class is much higher than it was eight years ago. We have partnered with Kaunis to build our India footprint and will be available in 1,000 stores in three years,” Sascha Reinhard, managing partner, BeYu, told BusinessLine.
Reinhard stated that a marketing budget of $107,880 had been earmarked for the launch, after which 30-40 percent of the annual turnover will be spent on marketing the brand. The $550 million Indian color-cosmetics market is growing at a CAGR of 16 percent.
March 22, 2017 No Comments
Germany-based Mercedes Benz introduced the 2017 Long Wheel Base version of its popular sedan, the Mercedes-Benz E-Class in India this month. It is the first India-specific product from Mercedes-Benz; it took 48 months for its development and is made in India for sale in India. The gasoline version in Mumbai comes at a price tag of Rs. 5,600,000 ($85,120) and the diesel version is priced at Rs. 6,900,000 ($104,880).
March 2, 2017 No Comments
March 1, 2017 No Comments
Founded in 1891 in northern Germany, Dr. Oetker is a family enterprise that manufactures frozen pizzas, cakes, yogurts and other products. In India since 2007, the company first introduced frozen pizzas and muesli in the country. However, the were unsuccessful in this venture since “the home baking division was not a huge market, the concept of frozen pizza was far too early for the consumers and the chilled dessert market was at a nascent stage in India,” reports the Economic Times.
In 2008, Dr Oetker bought Delhi-based Fun Foods, that manufactured packaged food products such as mayonnaise and sandwich spreads, and revenues jumped: from $5 million in 2008, to $35 million last year. Sales of eggless mayonnaise account for almost 80 percent of the overall mayonnaise volume in India.
“It’s important to understand India with its local needs,” he says, adding that mayonnaise in India is creamy unlike in the U.S. and the U.K. where it’s starchy.
November 4, 2016 No Comments