Industries

Medical Devices Rules, 2017 Notified by India’s Health Ministry

Posted on by

By Dezan Shira & Associates

The Ministry of Health and Family Welfare recently notified the Medical Devices Rules, 2017. Many medical device businesses have welcomed the new regulations; the Drugs and Cosmetics Act, 1940 – designed for the pharmaceutical industry – had previously regulated the fast growing industry.

Industry experts estimate that approximately 80 percent of the medical devices in India are imported, a significant share of a market that is valued at over US$10 billion. While this market has grown from a US$6.3 billion value in 2013, the industry’s dependence on imports has gotten worse: India imported 70 percent of its medical devices in 2015. 

Continue reading…

Motoring Ahead: Investing in India’s Automotive Industry

Posted on by

By Melissa Cyrill

India is a global leader in the automotive sector, backed by its domestic production capacity, market size, and exports. On average, the country’s automobile sector boasts of an annual production of around 24 million vehicles; the sector also employs over 29 million people (directly and indirectly). Breaking down its global position by industry segment, India is the world’s largest tractor manufacturer, second largest two-wheeler manufacturer, second largest bus manufacturer, fifth largest heavy truck manufacturer, sixth largest car manufacturer, and eighth largest commercial vehicle manufacturer.

This article discusses the growth trends in the automotive sector in India, which offers a highly attractive investment landscape for foreign investors and manufacturing firms. Testament to this is the fact that South Korea’s Kia Motors, Daihatsu from Toyota, PSA Group’s Peugeot Citreon, and three car makers from China, Beiqi Foton, SAIC, and Changan Automotive desire to enter the Indian market, pivoted to become the third largest in the world by the end of the decade.

Continue reading…

Has the AI and IoT Revolution Hit India?

Posted on by

By Melissa Cyrill

Artificial Intelligence (AI) and the Internet of Things (IoT) dominate Ericsson ConsumerLab’s annual trends report for 2017 – a direct reflection of the explosive proliferation of advanced technological implements for every realm in our lives, from our homes to the workplace to our smartphones to culture and entertainment. Today, consumers, IT companies, scientists, and manufacturing firms – all overlap in their acknowledgement, acceptance, and adoption of automated technologies, applications, and self-thinking machines. Above and beyond, these are seen to enhance the modern lifestyle, reduce operating costs, and accelerate the pace of invention and innovation.

In other words, AI, IoT, virtual reality (VR), and merged reality (MR) have altogether disrupted the two-dimensional interface of internet communications technology (ICT) and its application in our lives.

Continue reading…

Industry Spotlight: India’s Dynamic Solar Energy Sector

Posted on by

By Melissa Cyrill

All around the world, a decisive shift has emerged in favor of the adoption of renewable energy sources. Reflecting this, is the international consensus that fell behind the Paris Agreement in record time. As of October 5, 79 countries have ratified the Convention to the historic climate accord, including India, which signed it on October 2. Having surpassed the required ratification threshold, the Paris Agreement will come in force on November 4, 2016.

Aside from its political support for the tackling of climate change, India is a keen partaker of the shift to renewables. Under the present government, the country has set itself ambitious targets for clean energy production backed by investor incentives and regulatory changes. This article will discuss India’s rapidly expanding solar generation capacity, which is at the forefront of the country’s clean energy vision, the investment outlook of the solar sector, and finally the challenges to be addressed.

Continue reading…

e-Commerce in Asia – New Publication from Dezan Shira & Associates

Posted on by

e-Commerce in Asia Thought Leadership Reporte-Commerce in Asia, the latest publication from Dezan Shira & Associates, is out now and available for complimentary download through the Asia Briefing Publication Store.

In this report:

  • Step-by-Step Guide to Establishing an e-Commerce Presence in Asia
  • China, Vietnam, and India e-Commerce Market Summaries
  • Investing in China, Vietnam, and India’s e-Commerce Markets

As the digital revolution transforms shopping habits worldwide, emerging markets in Asia stand out as enormous opportunities for foreign investment. Rising internet penetration, a growing consumer base, and rapidly developing logistics infrastructure contribute to burgeoning e-commerce activity in all three of China, Vietnam, and India.

China’s e-commerce market is already the world’s largest, with established online shopping giants catering to the varied needs of increasingly discerning consumers who value the quality and trustworthiness of foreign products. The e-commerce industry in Vietnam is comparatively green, though improving infrastructure and connectivity present opportunities not just for sellers but also ambitious companies seeking to capitalize on the fractured nature of the country’s online retail industry. India is somewhere in between, boasting rapidly growing internet penetration and a massive potential consumption class as investors benefit from the recent relaxation of previously unclear and restrictive government regulations.

Continue reading…

Opportunities in India’s Emerging Fintech Sector

Posted on by

By Melissa Cyrill

India’s financial technology (fintech) sector may be young but is growing rapidly, fueled by a large market base, an innovation-driven startup landscape, and friendly government policies and regulations. Several startups populate this emerging and dynamic sector, while both traditional banking institutions and non-banking financial companies (NBFCs) are playing catch up.

Earlier this year, the National Association of Software and Services Companies (NASSCOM) reported that around 400 fintech firms operated in India, boosted in large part by foreign investments in fintech-focused startup accelerators and incubators. NASSCOM predicts that India’s fintech software market alone could touch US$ 2.4 billion by 2020, doubling on the current rate of growth.

Continue reading…

India and U.S. Sign Agreement on Renewable Energy

Posted on by

By Melissa Cyrill

A Memorandum of Understanding (MoU) between India and the U.S. was signed in New Delhi on June 2 to enhance cooperation in energy security, clean energy, and climate change. It will most likely forge a US$ 1 billion partnership for the Indian renewable energy sector, boosting global investor interest. Prime Minister Narendra Modi reiterated this need for U.S. support in his address to Congress on June 8. A partnership with the U.S. could be key to India’s efforts in successfully tackling climate change, building sustainable urban infrastructure, and eliminating the country’s power shortages.

Continue reading…

Prospects in India’s Infrastructure Sector

Posted on by

By Kabir Narang

India’s 2016-2017 Union Budget provides a significant outlay for infrastructure expenditure. This spending is seen as a key component of the government’s plans to boost India’s growth levels to projections ranging between 7 and 9 percent. The allocation of US$ 32.41 to US$ 32.70 billion (Rs 2.19-2.21 lakh crore) and a newly liberalized foreign direct investment (FDI) policy further underline the government’s commitment in this regard.

Continue reading…

Scroll to top