Content about India

January 22, 2013
IKEA given approval to open stores in India

A Monday report by Bloomberg said that IKEA has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

A Monday report by Bloomberg said that IKEA has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

July 5, 2012
USG to invest in Oman drywall plant

USG Corp. has announced it will invest $60 million in a strategic partnership with the Zawawi Group of Oman to meet the growing demand for its wallboard products in the Middle East and India. The money will be invested over two years, with the majority in 2012.

August 22, 2011
A. O. Smith Corp. names new president

Milwaukee-based A. O. Smith Corp. has named Ajita Rajendra president and chief operating officer, effective Sept 1.

Rajendra will be responsible for A. O. Smith’s water heater operations in North America, China, Europe and India, as well as the company’s water purification business in China. The $1.5 billion business has 17 manufacturing plants around the world and employs approximately 10,000 people.

January 18, 2011
Stihl opens new facility in India

Germany-based Stihl Group has opened a new facility in Chakan, Pune, India, according to the Business Standard.

According to the article, the new facility will include a warehouse, administrative block, a training center, engine testing and a service facility.

October 7, 2008
Whirlpool to invest further in India

Growth in the market is expected to come from products including built-in dishwashers, microwaves, air...

August 10, 2008
Reports: ICI plans expansion in India

The move would nearly double the combined manufacturing capacity of three ICI manufacturing facilities currently...

May 11, 2008
Mafia case enters home improvement channel

An FBI investigation of the Gambino crime family has allegedly uncovered phony bar codes...

January 14, 2008
Wal-Mart announces new head of Asia retail operations

Wal-Mart Brazil president and CEO Vicente Trius has been promoted to executive vp, president and...

November 5, 2007
Is Lowe’s eyeing India?

A report in India’s Economic Times newspaper says Lowe’s is taking steps to enter India....

September 10, 2007
Exploring the Russian DIY market

Kingfisher hopes to tap the estimated $20.3 billion home improvement market in Russia. HCN spoke...