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.
April 1, 2014 No Comments
India, a fast growing country, is the world’s second most populated country with over 1.2 billion people. This article shows a map of India’s states with the names of countries with a similar population count to the state. Surprisingly, many of the world’s largest countries’ populations are similar to one state in India. Brazil, for example, is the fifth most populated country in the world and it is equal to Uttar Pradesh. (Note the map of India as shown, does not conform to the borders as defined by the Indian government).
July 31, 2013 No Comments
According to the article, Philips India has showcased its ‘hospital on wheels’ which hosts facilities from an ambulance to ICU.
This ‘hospital on wheels’ is part of an intensive awareness campaign called IntelliSafari where Philips will target smaller hospitals, nursing homes, and clinics in Tier 2 and Tier 3 cities in India covering 300 clinicians over the next month, familiarizing them with state-of-the-art healthcare technology, available at a low cost.
With IntelliSafari, Philips is trying to demonstrate that advanced technology does not always mean expensive technology. The goal of the program is to bring new life saving technology closer to the masses at an affordable price.
A healthcare provider’s responsibility is to provide early and accurate diagnosis along with the best possible treatment, but the price to attain such treatment is often a stumbling block for many small hospitals. Now, with the help of Philips, smaller hospitals can focus on providing patients with the best possible care.
The van is set to travel across key cities in Kerala, before moving on to Karnataka and other parts of India, covering 80 cities in four weeks.
July 31, 2013 No Comments
According to Business Standard, US-based mobile satellite communications company Iridium Communications Inc. has made motions to re-enter India, thirteen years after stopping services in the country, to establish a lasting gateway in the country. Iridium is in talks with state-run Bharat Sanchar Nigam Ltd (BSNL) and MTNL along with a few key individuals to erect Iridium India. Due to the India’s policy on foreign direct investment (FDI) in satellite mobile services, Iridium is allowed to hold up to 49 percent stake through the automatic route and up to a maximum 74 percent after requisite approval from the Foreign Investment Promotion Board (FIPB).
Iridium CEO Matthew J Desch hopes to finalize the partners in India and then apply for a license. His goal is to set up the gateway by the middle of 2014 for $25 million. Iridium is also setting up similar gateways in China and Russia, investing a total of $50 million over a few years.
Iridium currently has about 600,000 users globally and has plans in India to target areas such as public safety, military, defense, oil and gas, forestry, and aviation. Desch expects to get 50,000-100,000 customers in India alone in addition to a majority share of an estimated $60 million market for satellite mobile communications over the next few years.
July 20, 2013 No Comments
According to CNBC, India’s Apollo Tyres, based in Chennai, India agreed to acquire U.S. based Cooper Tires for $2.5 billion in an all-cash transaction. Founded in 1976, Apollo has annual revenues of $2.5 billion with 59% of its revenues coming from India.
This deal will make the Indian firm the seventh largest tire maker in the world. With a seven percent decrease in sales in India and sales at a 20 year low in Europe, Apollo is looking to tap into the U.S. market which has shown growth at the end of the year. The acquisition of Cooper Tires, the 11th largest tire company with annual sales of $4.2 billion, allow Apollo to have a presence in the lucrative American market. In 1988 Japan’s Bridgestone bought American tiremaker Firestone. Korean companies Hankook and Kumho have expanded their American presence.
June 28, 2013 No Comments