Country’s robust automobile manufacturing base is now churning out cars and bikes for diverse geographies from Latin America, Africa to East Asia and Australia. In fiscal 2016, India exported more cars across the world than China. On the one hand, it does not mean much. In the overall list of top car exporters, India still ranks a poor 20th. Even among emerging economies in Asia, it is behind Thailand. Yet, overtaking China has its own importance. It is the world’s [...]
From a non-existent base 40 years ago, the Indian auto industry has come a long way, writes an industry expert. Today, India is one of the largest auto industries in the world with an annual production of 25.3 million vehicles, significantly above conventional automotive superpowers such as the US (17.5 million vehicles) and the EU (12.6 million vehicles). The sector directly contributes $97 billion to the Indian economy with automobiles contributing $58 billion and the automotive component sector contributing $39 [...]
Moving petroleum, gas and bulk liquid chemicals safely and cost effectively is not an easy task given the hazardous nature of the products. Given that India is emerging as one of the largest consumers of refined petroleum products and liquified petroleum gas, it is not surprising that the logistics effort to support this growth is receiving some attention. The extent of vertical integration in the oil sector has varied over time and over countries, but of late the trend globally [...]
Thales bets on India supply chain French defence major Thales is eyeing partners for major joint ventures in India, besides the ones already in place with state-run BEL, Samtel and L&T. The group is planning to expand its six-decade-old footprint in India and plans to make the country a part of its global supply chain in a much bigger way. India currently contributes less than 2.5 per cent to the company's €14 billion annual turnover. Pascale Sourisse, senior executive vice-president [...]
I recently met a well-known financier in London who has invested over $500 million in India. When I met him last year, he was feeling apprehensive about his investments, feeling that his "Modi-bet" may not be coming off. His investments were stagnating, the bureaucracy was still finding its feet with the new political masters, and the outlook was patchy. This time, the mood had changed. He said he had just sold two companies in India, earning a staggering 55 per [...]
Indian companies, from major conglomerates to small and medium sized enterprises (SMEs), made their mark in every part of the world through the course of this year. Here is a very brief look at just some of the key deals of 2015.