Business
Why everyone in business loves India right now
When Tim Cook arrived in India earlier this month to open Apple’s first physical store in the country, he was welcomed like a hero.
The CEO was greeted with cheers and applause, presented with a vintage Macintosh and held court with the country’s officials, including Prime Minister Narendra Modi.
Cook’s visit, the latest by a top global executive, exemplifies the rising tide of interest that corporations and governments are showing in doing business with India. Just days after his landmark trip, Pret A Manger, a trendy British sandwich chain, set up its first outlet in the commercial capital of Mumbai, as it bet on the country’s growing middle class.
India will surpass China to become the world’s most populous nation this weekend, according to calculations from the United Nations, in a milestone that will only cement its growing image as darling of the global economy.
Its new status has cast attention on whether its economy will harness that demographic strength to displace China in other ways.
The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain.
Until recently, many countries and companies “had put all their eggs in the China basket,” said Partha Sen, professor emeritus at the Delhi School of Economics. As tensions continue to flare between the West and Beijing, there is “a move to diversify away, and India fits right into it,” he added.
India’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. Its vast consumer market and pool of affordable labor is also drawing more attention from global brands and trading partners.
Cozying up
In a bid to boost the industrial sector and lift exports, the Indian government has sought to sign free trade deals, a move that’s been warmly received around the world.
Since 2021, India has struck agreements with Australia, the United Arab Emirates and Mauritius. It is also negotiating deals with the European Union, the United Kingdom and Canada.
Russia, whose trade with the West has slumped since its invasion of Ukraine last year, is also interested in increasing ties with India. The move is seen as risky, as it requires a tricky balancing act for New Delhi of keeping Washington happy while warming up to Moscow, according to Shilan Shah, deputy chief emerging markets economist for Capital Economics.
The United States and India have taken steps in recent months to strengthen their ties, particularly in defense and technology, as they attempt to counter the rise of an increasingly assertive China.
‘Economic miracle?’
Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.
The International Monetary Fund expects the South Asian nation to outperform all major emerging and advanced economies this year, logging GDP growth of 5.9%. By comparison, the German and UK economies will stagnate, while the United States will grow only 1.6%.
If it can maintain its momentum, India will overtake Germany as the world’s fourth largest economy in 2026 and knock Japan from the number three spot in 2032, according to analysis by the Centre for Economics and Business Research.
India’s working-age population stands at more than 900 million, according to 2021 data from the Organisation for Economic Cooperation and Development. In the next few years, its workforce could be bigger than China’s, according to Capital Economics.
The Biden administration has embraced India’s expected growth with unbridled enthusiasm.
“We want to be part of your economic miracle,” Donald Lu, the US Assistant Secretary of State for South and Central Asian Affairs, told Indian news agency PTI last week.
But India’s impressive GDP and population growth belies a growing headache.
“If you look at the overall data — GDP growth, the entire national income growing, India’s doing moderately well,” said Kaushik Basu, an economics professor at Cornell University. “The bottom end of India is not doing well,” he added. “The key reason for that is in terms of employment, India is doing rather poorly.”
At 7.1%, India’s unemployment rate remains above its pre-pandemic average. Basu told CNN the jobs issue, which some analysts have called a looming time bomb, was becoming one of India’s biggest problems and may be exacerbated as the population grows.
Growing manufacturing
Economists say there is a clear answer to the employment problem: build more factories.
“The demographic potential and the key to unlocking that would be developing this globally competitive and labor-intensive manufacturing sector,” said Thamashi De Silva, an assistant economist for Capital Economics.
As of 2021, manufacturing accounted for less than 15% of India’s economy or employment — relatively small by global standards, noted Shah from Capital Economics.
Luckily, its need for more assembly lines comes as companies are scouting for new production hubs.
Apple (AAPL) has expanded production significantly in India after suffering supply chain snags in mainland China. Last week, during his visit, Cook pledged to invest further across India.
Weeks before, the chief of Foxconn also visited India and met with Modi. The Taiwanese electronics maker, which supplies to Apple, was one of the fastest-growing manufacturers in India late last year and is looking to expand.
Obstacles ahead
India will benefit as companies diversify their supply chains away from China, but “several obstacles” will impede this shift, said Alexandra Hermann, a lead economist at Oxford Economics.
She cited stringent labor laws, high import duties and logistics challenges. Although India’s tech exports have grown steadily in recent years, places such as Taiwan and Vietnam “have so far benefited more from the search for alternative import sources,” she told CNN.
Business
Nine Restaurant Franchise Goes Global with $120 Million Crypto Crowdfunding Joint Venture, Led by Adnan Ashraf
Adnan Ashraf, a multifaceted entrepreneur with interests spanning pharmaceuticals, technology, and real estate, is embarking on an exciting new venture to expand the renowned Nine restaurant brand into a global franchise. With its reputation for upscale Japanese cuisine and stunning panoramic views, Nine has captured the attention of discerning diners worldwide, and Mr. Ashraf aims to bring this exceptional dining experience to numerous locations across the globe.
To realize his ambitious expansion plans, Mr. Ashraf has engaged in discussions with a pioneering crypto crowdfunding platform, forging a strategic partnership for a joint venture involving 100 stores with an estimated investment of $120 million. Harnessing the power of cryptocurrency, Mr. Ashraf intends to expedite the growth of the Nine franchise and achieve his objectives more efficiently.
The first milestone in this expansion journey involves acquiring a prime waterfront location in Canary Wharf, a prestigious business district in London. Serving as the flagship Nine restaurant, this iconic setting will exemplify the brand’s exquisite cuisine and offer guests unparalleled views. Mr. Ashraf’s vision extends beyond this initial location, as he plans to continue expanding into other prime spots in London and beyond, introducing the Nine dining experience to cosmopolitan cities worldwide.
By partnering with a cryptocurrency crowdfunding platform, Mr. Ashraf aims to tap into the immense potential of this innovative funding mechanism. Cryptocurrency not only streamlines the investment process but also attracts a global community of investors passionate about supporting groundbreaking ventures in the hospitality industry. This collaboration is expected to fuel the rapid expansion of the Nine franchise, ensuring that more diners can savor its exceptional culinary offerings and immerse themselves in the extraordinary ambiance that defines the brand.
Drawing on his extensive entrepreneurial experience, Adnan Ashraf brings a wealth of expertise to this venture. His track record of success across various sectors attests to his ability to navigate complex business landscapes and identify unique opportunities for growth. With his diverse business interests and unwavering commitment to excellence, Mr. Ashraf is poised to spearhead the global expansion of the Nine restaurant brand, establishing a network of exceptional dining establishments worldwide.
Business
Alliance Rental: Alexey Ivanov Latest Venture in Luxury Transport by Alliance Trucks
Alliance Trucks, the leading Japanese and Korean car dealer in Russia, is proud to announce the launch of its new luxury transport rental aggregator, Alliance Rental. The project is the brainchild of Alexey Ivanov, the CEO and owner of Alliance Trucks, a successful businessman, traveler, and blogger. With over 59 countries visited, Alexey Ivanov has gained valuable experience in the automotive industry, which he has leveraged to create Alliance Trucks, a company that generates a trade revenue of $50 million annually.
Founded in 2014, Alliance Trucks has become the biggest Japanese and Korean car dealer in Russia, with four authorized and certified workshops, warehouses in the capital, and numerous certificates of first dealer with top-rated sales and service quality. The company’s mechanic team has won different national and international competitions of professional skills, including the ISUZU GRAN PRIX, where they were the first Russian and second in the world.
Alexey Ivanov’s awareness and commitment to 10 corporate rules have enabled Alliance Trucks to achieve its current status as a respected and reputable brand in the automotive industry. The rules include prioritizing emotional intelligence, respecting corporate culture and business ethics, seeking opportunities for growth in every crisis, and being socially active and engaged in charitable projects.
Alliance Parts, Alexey Ivanov’s latest venture, is a cars and spare parts distribution business in the United Arab Emirates with a global partnership with different car brands. The company leverages Alexey’s life and professional experience to scale similar projects in different market areas.
Alliance Rental is Alexey Ivanov’s latest project, an aggregator that offers a one-stop-shop for luxury transport rentals. The project’s main idea is to provide all the luxury transport rentals that customers may need for emotional holidays, celebrations, dream realization, business meetings, or just for premium lifestyle in one mobile application.
The application, marketing brand, and all business processes are complete, and legal compliance with local laws, rules, and regulations is under process.
Alliance Rental offers taxi Rolls-Royce, luxury sport cars, yachts, helicopters, and aircraft rentals. Partnerships with operators of luxury services are currently being signed, and the project is ready to launch soon.
Alexey Ivanov’s mission is to make the world a better and cleaner place, live a long, bright, and memorable life, create a family, raise children, create and invent something that deeply touches the feelings of people, be a mentor, teach knowledge, and leave a significant mark in history, society, and culture.
For more information on Alliance Rental and Alexey Ivanov, follow him on Instagram at @a.a.ivanov
Business
Januthan Logathas: A video and photography professional who seeks to leave his name among the best in this area
JANUTHAN LOGATHAS was born in a small town in Switzerland and is the son of a Tamil couple from Sri Lanka. His father was the one who began to inspire him to become a video and photography professional, which is why he is currently widely recognized as well as having followed in the footsteps of his father who also worked in this profession. With time people started noticing his Instagram modeling shoots and he became very prominent among European Tamils.
His tik tok videos also boosted his image and recognition a lot as they were filled with a subtle humor that was very pleasing to his followers who were part of Januthan reaching a much larger audience.
People celebrated the German/Albanian co-worker combo in a peculiar way.
In addition, he was also the first Tamil photographer to win the renowned award for the best wedding photography from Radisson in Europe, he gained great popularity especially with the collaboration with Usha Jay in her dance video which achieved many views and this made his audience grow exponentially.
He knows that in order to continue growing in what he does, he must continue working very hard as he has done up to now, and all this with the aim of increasing his public and the quality of his work, and for this it is necessary to continue going through this long learning process in the one that advances a little more every day to reach the desired objective that is to position its name among one of the best in the video and photography industry. In his social networks you can find a lot of material about his work in addition to him also seeing content about his future works which are more than promising
To grow in this industry, you must continue to constantly learn, since this industry is very competitive and only those who know how to implement their ideas and creativity very well when creating new jobs stand out.
Unveiling Life Through the Lens: Explore the captivating world of talented photographer @jpresidento on Instagram and TikTok, as he captures unique moments that have earned him accolades at the Wedisson Awards. Discover his visually mesmerizing art at these links!
-
Business3 years agoHyundai Leads Industry in U.S. News & World Report 2023 Best Cars for the Money Awards
-
Innovation3 years agoJay-S ventures into the urban genre with “Bailar en la Playa” his latest production
-
Business3 years agoThree Questions Small Business Owners Should Ask In Creating A Workplace Culture – Forbes
-
Business3 years agoA Fintech Makes It Easy For Small Businesses To Offer 401(k) Retirement Benefits – Forbes
-
Business3 years agoBritain’s Small Businesses See Better Times Ahead But Is Their Optimism Justified? – Forbes
-
Money3 years agoCharlie Crist leads Democratic gubernatorial field again in money chase – Florida Politics
-
Money3 years agoTesting New Tools for Horizon Worlds Creators To Earn Money
-
Business3 years agoSmall Business Labor Shortage – Forbes