Apple remodelling around hundred stores
Global economy might still be struggling but Apple continues to invest heavily on their stores.
The company has plans to open 25 brand new stores this year.
In addition they are also planning to remodel 100 existing stores.
This is however still much slower to the expansion last year. Apple had opened 247 stores in 2008.
Apple said that the remodelling would enable them to improve the showcasing of their products and services.
The company also plans to expand the space devoted to the Genius Bar.
Suzuki Motorcycle to invest heavily in India
Suzuki Motorcycle has announced that they are going to invest Rs 150 crore on tripling its manufacturing capacity by 2012 in the Indian market.
The company would also launch three new models in the market in the coming years.
Suzuki Motorcycle India Zonal Head (North and East) Rakesh Kumar spoke about their plans for the Indian market: “We will be expanding our production capacity from 12,000 units per month to 40,000 units per month in next three years at our plant in Gurgaon, which will entail an investment of Rs 150 crore.”
He added: “At present, we have four models of bikes, which are ingeniously manufactured and we plan to roll out three more new models during our capacity expansion drive. We sell 12,000 units per month against the sale of six lakh bikes each month in the country which means we have very small share… But this capacity expansion will enable us to consolidate our share in the biking segment.”
PepsiCo to invest heavily in China
PepsiCo has announced that they are going to invest heavily in Chinese market in the coming years.
The US based giant is going to invest $1 billion in China over the next four years.
This would be part of their global strategy to expand their operations in emerging markets.
The company said that these funds would be used to grow their business in interior and western areas.
Company CEO Indra Nooyi said in a statement: “This is our largest investment in China in the nearly 30 years we have been doing business here, and it is consistent with our broader global strategy of investing in high-growth developing markets.”
PepsiCo did not clarify whether they plan to build more plants in China.
Emirates Airlines expands hiring in India
Emirates Airlines has announced that there are hiring more people here in India for local expansion.
A company representative said: “In fact we are looking for more people from India. We will recruit more people as cabin crew and other operations.”
the airline is also in the process of adding 31 additional flights every week to India by February.
Emirates Airlines is currently operating 132 flights a week.
Emirates Airline vice president (India and Nepal) Orhan Abbas added: “The enhanced capacity will position our airline as a single largest international carrier in the Indian skies.”
the announcement comes just as most other airline companies in India are struggling and announcing job cuts.
Infosys to invest heavily on a new campus in Hyderabad
Infosys Technologies has announced that they are planning to invest Rs 1,250 crore to create their single largest campus in Pocharam near Hyderabad.
This new location would play host to as many as 25,000 engineers.
The first phase would be ready in three years and would require an investment of around Rs 600 crore.
Infosys Chairman and Chief Mentor of Infosys, Mr N.R. Narayana Murthy spoke about this project: “We typically plan with a ten-year timeframe in mind and this campus notified as a special economic zone could be possibly the biggest single location campus anywhere in the world.”
Infosys Director Mr Mohandas Pai added: “As a part of its drive to become carbon neutral, Infosys is designing this campus on best-in-class sustainability principles to achieve energy efficiency, water sustainability, preservation and promotion of biodiversity and effective waste management.”
Novell expanding their operations in India
Novell Software has announced that they are going to expand their presence in the Indian market.
The company aims to invest Novell Software in India in the coming three years.
Novell said in a statement: “The investment will be mainly on people, physical infrastructure and market expansion. We are not just using the talent pool available here to develop the best interoperable Linux and IT management software, but also to sell our products here.”
They have been present in the Indian market since around 14 years and are now aiming to gain from the growing Indian economy.
Novell President Ronald W Hovsepian added: “We see a great business opportunity in India as companies are migrating from proprietary source platforms to open source platforms. We want to cash in on our mixed-source platforms that are interoperable with the proprietary systems.”
Samsung to expand into Printer, Laptop Markets
South Korean tech giant Samsung Electronics has said that they are now aiming to become a larger player in the Printer and Laptop market.
The company is already a dominating force in the computer monitor industry.
Jongwoo Park, president of Samsung’s digital media business said in a statement: “Our mission is to become a top-tier IT Company with a leading position in both the business and consumer markets. We are already the global leader in monitors and now plan to extend that leadership to printing and mobile computing.”
They are already the world’s largest manufacturer of LCD panels which helps them to dominate the computer screen industry.
Park added: “Our goal this year is to double the number of units sold. In the past we pioneered the thin and light segment. This year we wanted to offer greater choice to business so we expanded our range to include more robust and durable models for office and mobile customers.”
Acer targeting Japan this year for growth
Personal computer maker Acer has revealed that they are now targeting the Japanese market for growth and expansion this year.
They plan to take on Sony and Toshiba in this market with their new range of products targeted at the advanced customers in Japan.
Acer added that they are also working on launching their new products in the Budget PCs and Mobile Devices later this year. Market sources claim that the company would launch an ultra-low cost laptop PC in the market to rival the recently launched EEE PC.
Acer is already the third largest personal computer in the world and they are now targeting the market leaders to grow in the Asian markets.
Videocon Industries enters power industry
Videocon Industries has announced that they are now going to build three power plants. The company is currently involved in consumer electronics market and oil exploring.
Chairman Venugopal Dhoot spoke about these new plans: “We will increase our investments in setting up power projects as we get more coal linkages and land. India needs electricity and there’s very good scope in power. This is just the beginning.”
They are now going to build 5,000 megawatts of electricity capacity in the states of Gujarat, West Bengal and Chhattisgarh.
They have already called for bids from global engineering companies for two units of 800 megawatts each. This would be located in Pipavav in Gujarat.
Samsung India expanding manufacturing capacity in India
Samsung India Electronics has now inaugurated its second manufacturing facility in India.
This second unit is coming up at Sriperumbudur in Tamil Nadu.
The South Korean tech giant had signed an MoU with the Tamil Nadu government for this project some time back.
H B Lee, president & CEO, Samsung South West Asia Regional headquarters spoke on the new developments: “The Sriperumbudur facility will help us respond better and faster to the growing demand for our products in the Southern part of the country.”
He added: “We are leveraging the best of Indian talent available here in Tamil Nadu as well as our global manufacturing expertise to produce world class products from this facility”.