Dassault Brings Largest Defense FDI to India

Dassault will emerge as the single largest FDI investor in the defense sector. The cumulative FDI in the defense sector in India till date is $6 million,” Rajesh K. Dhingra, president, Reliance Defense & Aerospace, said at an interview with the Economic Times.

France’s Dassault will manufacture a significant part of Rafale aircraft in India. The first tranche of $29 million  intended for the manufacture of aircraft components for global markets is likely to come into the Dassault-Reliance Aerospace Limited joint venture by July. The investment is part of Dassault’s obligations on Make in India commitments against the $9 billion Rafale fighter jet deal.

Rafale Jet

The JV will create infrastructure at the Mihan facility in the state of Maharashtra. The plan is to set up a 100-acre facility that will integrate a supply chain for the Rafale fighter jet in India. The ground breaking ceremony is planned for the end of July.

June 9, 2017   No Comments

‘Make in India’ Attracts Business from Italy

On a three-day business mission to New Delhi, India in April, a delegation led by Italy’s deputy minister for economic development, Ivan Scalfarotto, aimed to strengthen bilateral ties and make the most of the plentiful business opportunities that India has on offer.

The platform, promoted by the Italian Ministries of Economic Development and Foreign Affairs, in partnership with India’s trade bodies FICCI and CII, saw participation by various state representatives, along with 140 big enterprises and SMEs, across varied sectors, from both India and Italy. 80 companies, out of the total industry representation in the forum, in areas such as automotive, healthcare, defense, aviation and railways were from Italy exploring growth opportunities in India.

Ivan Scalfarotto at the India-Italy Business Forum

Ivan Scalfarotto at the Italia-India Meet

Speaking at the event, Scalfarotto said that more than 60 Italian automotive companies were working with 80 manufacturing facilities in India — most of them located in the Maharashtra belt — “and yet keeping an eye on the immense future potential,” reports Autocar Professional.

 

May 12, 2017   No Comments

Smartphones Change Lives of Rural Women in India

28-year old Manisha Badekar runs a design and tailoring shop in Supane, a village in India’s western state of Maharashtra. Though she is well-versed in basic tailoring, Badekar has never been to a design school. Yet, her advanced design learning has been via a smartphone, which she uses to look up designs and re-create them. She is the first both in her family, and among the women in Supane from her generation, to use a smartphone and access the Internet. Badekar also keeps in touch with friends on WhatsApp which she accesses on a 4G connection. She says, “I think everybody should learn how to use the Internet. ”

Another 28-year old from the same region, Monali Shinde, spouse of a soldier in the Indian Army, is excited about the smartphone. Though she doesn’t own one herself, she uses one belonging to Asha Kamle, a well-respected woman in the village who has taught many women how to use smartphones. Shinde is an Arts graduate and a teacher by profession. Interested in design, she learned how to cut fabrics, and paper, and also how to fashion mehendi (henna) designs, and clothes designs. “I used to be so excited, every evening, when I had time for a half hour or an hour, I used to come sit with Tai (Kamle is respectfully referred to as ‘older sister’) and learn,” Shinde says. Aside from learning about possible home businesses, she wants to use the Internet to teach her children. “It is a really a useful way for them to learn, with pictures, and videos,” she says.

Nubia Smartphone

In the same village of Supane, is 33-year old Pallavi Kamble, whose husband is a daily wage earner. She has discovered recipes on the smartphone which she tries out at home to entice her children to eat their vegetables (which they hate)! She doesn’t own a smartphone buts looks forward to a time when smartphones will be available in a range of $38 – $45 so that she can buy one, reports The Hindu.

March 20, 2017   No Comments

Saab Commences Transfer of Missile Technology to India

Sweden‘s Saab Group and India’s Kalyani Strategic Systems Ltd., gear up to win the Indian Army’s $2 billion surface-to-air missile contract. Even though the joint venture between the two companies has not yet been finalized, the transfer of technology has begun for the air defense missile system called the BAMSE SRSAM, an all-weather operational Automatic Command-to-Line-of-Sight missile system with unjammable missile guidance. It is designed for flexible usage both for stand-alone operations as well as in a network with other sensors and weapon systems.

Under this program, 52 Ashok Leyland 8/8 Super Stallion trucks will be fitted with Saab’s Eagle radar that will be used to track enemy radars, while two more such trucks will be mounted with Saab’s Giraffe radar, which has the capability to target and shoot, reports BusinessLine. The production line will likely be set up in Satara, in the western state of Maharashtra.

Saab SRSAM Systems

Bo Almqvist, who heads Saab’s air defense systems, told BusinessLine, We have a long-term commitment based on Make in India for maintenance and research and development of future generations.”

November 6, 2016   No Comments

Ferrero Rocher to Double its Investment in India

In an interview with the Economic Times, Roberto Grasso, India managing director of the Italian Ferrero Rocher brand of candies, outlined his company’s growth and said that the company will double its investment to $256 million in the next few years.

Ferrero Chocolates

Ferrero entered India a decade ago, and:

  • Has an annual sales turnover of $240 million.
  • Has worked with its vendors to achieve the quality of raw material it requires for its confections; 90% of its raw material is now sourced from India.
  • 50% of the products manufactured in India is exported.
  • The India branch of the company has recently overtaken Nestle’s chocolate production figures, in India.
  • Established its first research and development laboratory outside of Europe, in Baramati in the western state of Maharashtra. This lab designs and develops toys that are used in the Kinder Joy product.

October 28, 2016   No Comments