McLaren Partners with India’s Wipro

Surrey, U.K.-based McLaren Technology Group signed a multi-year contract with IT major  Bangalore-based Wipro Limited to help drive digitization across its businesses. Wipro will assist the sports car maker with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.

McLaren Technology Group Logo

Craig Charlton, CIO, McLaren Technology Group said, “We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in artificial intelligence.”

The Financial Express reports that N. S. Bala, president (Manufacturing & Technology), Wipro, added, “Digitization is a great opportunity for renowned brands like McLaren to re-imagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organization-wide disruptive innovation.”

September 17, 2017   No Comments

U.S. Invests the Most in India’s Startups

According to New York-based CB Insights, U.S.-based investors are the most active foreign participants in India’s start-up ecosystem over the past five years, making over 800 equity deals during the period.

In the list of top five foreign investors in India’s technology ecosystem, U.K., with 1% of deals stood at 5th place; Japan at 4th with 2% of deals; Hong Kong at 3rd with 3% of deals; Singapore at 2nd with 5% of deals; while the U.S. topped with four times the number of deals than investors from Singapore.

Planning in a startup

Business Standard reports: Of the U.S.-based investors, New York-based Tiger Global has been the most active, backing some of India’s largest start-ups, including Flipkart, Ola, and ShopClues, while also making numerous other investments in smaller companies. Hong Kong-based Saif Partners, has backed firms such as Paytm and Urban Ladder. California’s Accel Partners, which has an India unit, made its largest investment in Flipkart through its overseas unit rather than the local one.

Both Tiger Global and Japan-based Softbank have pumped billions of dollars in India’s startup ecosystem in the past few years.

August 31, 2017   No Comments

Foreign Travel Arrivals in India Grow 15 percent this year

India’s Ministry of Tourism released a report based on data from the Bureau of Immigration that says the number of overseas travelers to India grew 15 percent year-on-year. For the period January – July 2017 foreign travel arrivals numbered 5,674,000 , compared to 4,903,000  in the corresponding time period last year.

Considering the number of arrivals, Bangladesh has emerged on top of the chart, with a share of 20.12 percent, followed by tourists from the United States of America (16.26 percent) and United Kingdom (10.88 percent).

A Section of New Delhi Airport

A Section of New Delhi Airport

Travelers arriving on e-visas have registered a year-on-year growth of 73.3 percent — a total of 119,000  tourists arrived on an e-Tourist Visa as compared to 68,000  in July last year. USA and U.K. were at the top two spots in terms of countries availing e- Tourist Visa facilities in July 2017, with percentage shares of 12.9 and 12 respectively.

The international airport at New Delhi received the highest number of foreign travelers, reports Business Standard.

August 28, 2017   No Comments

India Dominates Online Work Space

The Online Labor Index published by the ‘iLabor’ project of the Oxford Internet Institute, an affiliate of U.K.’s  University of Oxford, notes that India is the largest supplier of online labor. This report analyzed data for the first week of July, and reported that India is followed by Bangladesh, U.S., Pakistan, Philippines and the U.K. in what is being termed “digital gig work” or freelance work offered online.

The report analyses data from four online platforms – Fiverr, Freelancer, Guru, and PeoplePerHour. “Based on traffic statistics, we can estimate that these four sites represent at least 40% of the global market for platform-based online work,” says senior Oxford Internet Institute’s research fellow Vili Lehdonvirta.

Freelancing from home

Over half of the online work carried out in India is dominated by software development and the technology sector, followed by creative and multimedia services, and sales and marketing support, reports the Times of India.

 

July 22, 2017   No Comments

India to Be 3rd Largest Buyer of Passenger Planes

With India set to buy 2.2 new airplanes for each of the 480 aircraft currently in service, it is poised to become the third-largest buyer of commercial passenger planes in the world. The U.S. and China are the only countries to have more pending aircraft orders says a report released by the Center for Asia Pacific Aviation, a Sydney-based aviation think tank.

Boeing predicts that India will need 1,850 new planes over the next two decades, and says that these orders will be worth $265 billion. CNN reports that  220 million Indians flew last year — an annual increase of 20% — and the country is on track to overtake the U.K. as the world’s third-largest aviation market by 2026.

However, there are challenges to this expansion: airlines can buckle under the pressure and become defunct; infrastructure such as airports and traffic control will need to gear up to match India’s aviation boom.

 

A plane in flight

June 9, 2017   1 Comment