With the facilitation from the Indian government and the relatively aloof economy during the recession, the advent of various Fast moving consumer goods (FMCG) companies in India is being witnessed. The FMCG forms a concrete part of every individuals life. The companies in India are in a forever race to upbeat their opponents. It may be the case of Coco- Cola versus Pepsi or Bournvita versus Horlicks. The companies are foraying into the Indian market with their products in order to tap the vast middle class base of India.
The major FMCG companies in India are planning to invest over Rs 1,800 crore (US$ 395.2 million) in the next few months. The FMCG intend to provide additional option to the consumer. Keeping the lead, FMCG companies are also looking forward to spend upon research and technology (R&D), with Nestle, another FMCG major plans to invest Rs 230 crore to set up its first R&D centre in India at Manesar in adjoining Gurgaon district. Additionally the telecom sector major, Bharti Enterprises, plans to foray into the retail sector by forming a joint venture (JV) with the Del Monte Pacific arm, DMPL India, looking to invest Rs 200 crore (US$ 43.25 million). FMCG sector in India is witnessing large amount of investments from various countries. Also, the foreign FMCG companies find India as a suitable investment destination.
Furthermore, telecom sector in India is witnessing new heights with GSM operators adding a whopping 13.5 million mobile subscribers in August 2010 taking the total tally to 481 million subscribers. In addition, according to the telecom sector authority, Telecom Regulatory Authority of India (TRAI), the wireless user base rose by 2.66 percent to 652.42 million in July 2010. The telecom sector in India has been recording new heights ever since the roll-out of the third generation (3G) services. Fresh impetus has been experienced in the Indian telecom sector with the operators of the telecom sector making inroads in the Indian market. Furthermore, the telecom sector is also witnessing new innovations and technology developments in reference to the mobile value added services (VAS) include text or SMS, menu-based services, downloading of music or ring tones, mobile TV, videos and sophisticated m-commerce applications. The science and technology sector in India is in a mood to capture new heights, as it flows with the Space Vision 2025. A new ignition has been ignited in the countrys research and technology sector with India signing landmark civil nuclear deal with various countries.
Significantly, India has been venturing actively into the dimensions of science and technology. The various organizations like Indian Space Research Organization (ISRO) are being fully supported by the Indian government in their new ventures in science and technology segment. The most attention grabbing news, being that of finalization of seven payloads that will go on the second lunar mission, Chandrayaan-2, by the National Committee of Experts, as per a press release of ISRO. Another major, science and technology development in India was the setting up of the world record by flight testing the supersonic cruise missile BrahMos off the Orissa coast.
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