India, Japan Strengthen Defense Cooperation

In a visit to Tokyo, to attend an annual meeting of the Asian Development Bank, India’s Arun Jaitley, who is both the Minister for Finance and Minister for Defense, told his Japanese counterpart, Tomomi Inada that India will pursue a strategic partnership with Japan for regional peace and stability.

Aircraft Carrier

The Washington Post says that a trilateral naval exercise among the U.S., India and Japan has been planned in  July as a way of strengthening cooperation in the Asia-Pacific. “This is all reflective of the level of cooperation our armed forces have with each other,” Jaitley said.

 

May 17, 2017   No Comments

Amazon Launches Fire TV in India

Amazon launched its Fire TV stick in India  with Amazon’s Prime Video India director and country head Nitesh Kripalani and Amazon Fire TV vice president Marc Whitten at the launch. India is the fifth country where the device becomes available after the U.S., U.K., Germany and Japan.

Priced at $62, the Fire Stick stick comes pre-loaded with  Amazon Prime Video and rival platforms, such as Netflix, Fox India’s Star network-owned Hotstar, Viacom18’s Voot and Indian film major Eros International’s ErosNow, among others. Additionally, the device offers access to YouTube, various gaming apps and more, says The Hollywood Reporter.

Amazon Fire TV Stick with Voice Remote

Amazon Fire TV Stick with Voice Remote

Whitten said, “Fire TV Stick also offers data monitoring and other features to help customers in India get the most from their data plan and stream more content using less bandwidth.”

 

 

April 26, 2017   No Comments

In 2016, India Held $118.2 Billion U.S. Government Securities

Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December.  Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure.
US Currency
Japan – $1.09 trillion
China – $1.06 trillion
Ireland – $288.2 billion
Cayman Islands – $263.5 billion
Brazil – $259.2 billion
Switzerland – $229.3 billion
Luxembourg – $223.4 billion
United Kingdom – $217.1 billion
Hong Kong – $191.4 billion
Taiwan – $189.3 billion
Belgium – $120.4 billion
India – $118.2 billion

April 13, 2017   No Comments

Panasonic Localizes Washing Machines for India

After two years of testing experiments, Japanese multinational electronics corporation Panasonic, headquartered in Kadoma, Osaka, has launched a washing machine especially for India’s consumers.

Panasonic said the introduction of a ‘curry’ button followed complaints from customers struggling to fully get curry stains off their clothes. Panasonic researchers analyzed what went into a typical Indian household’s curry dish, and then tried to establish the optimal time and water temperature required to remove the stains.The machine has five other cycles aimed at the Indian consumer, including one to remove traces of hair oil, reports BBC News.

Panasonic Washing Machine

5,000 ‘StainMaster’ machines priced at $330 were sold so far.  The company is planning similar machines for other Asian markets too, tackling stains specific to those countries.

March 20, 2017   No Comments

WIPO Head: India Will Be Major Hub of Innovation

In an interview with the Economic Times, World Intellectual Property Organization director general Francis Gurry discussed issues of Intellectual Property and Innovation with respect to India.

Francis Gurry

Francis Gurry

Snippets of Gurry’s opinions during the conversation:

There has been a shift in innovation in the last 20 years, from a total domination by North America and Europe, to Asia (in terms of magnitude) in countries including Japan, China, Korea, India and others.

India is a leader in demand-driven and frugal innovation — taking innovation elsewhere and adapting it to local conditions, so you are able to address a problem at a lower cost.

India is compliant with its international obligations. It has not been involved in any dispute resolution process for an intellectual property. The challenge for India is the vastness of the country and the unevenness that exists. It is typical of any big country.

India is going to be a major hub of innovation and IP. You have the human resources, the educational system, high number of scientists and engineers and a vibrant rate of economic growth, which is producing new areas of opportunity.

It is exciting working with the authorities on the state index for innovation in India. It is a friendly competition between the states in the field of innovation. The moment you leave India’s borders the competition is enormous.

Not the least area of concern is the displacement of employment by robotics, artificial intelligence. That means we have to address this starting with the education system. You cannot stop innovation.

Employment is an integral part of human dignity. The massive elimination of work possibilities will be catastrophic, but I do not think that is happening. A more worrying phenomenon is the heavy concentration of wealth that occurs quite rapidly as a consequence of innovation in certain areas.

March 8, 2017   No Comments