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Amazon opens 280,000 square feet warehouse near Hyderabad

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Hyderabad: Global e-commerce major Amazon on Wednesday opened its biggest ‘fulfilment centre’ (FC) or warehouse in India, at Kothur in Telangana. Spread over 280,000 square feet, the facility has come up in Mahabubnagar district, about 60 km from Hyderabad.

This has taken Amazon to 11 FCs in eight states, covering one million square feet of space with a storage capacity of over 2.5 million cubic metres, the company said. The new facility, which has come up with the largest investment by Amazon in any state, will help small and medium businesses (SMBs) in Telangana and the nearby region to gain access to and provide service to customers across the country at low operating costs.

Amazon India’s Director for Operations, Akhil Saxena said the FC will also enable faster and quicker delivery of products to amazon.in customers in the region. Amazon has already signed a memorandum of understanding (MoU) with Telangana to train thousands of sellers across the state in e-commerce and take advantage of the digital economy.

Amazon India will offer trainings to SMEs through seminars, workshops, video aids and ready reckoners on how to list and manage inventory for an e-commerce business. Telangana’s Information Technology Minister K. Tarakarama Rao, who inaugurated the FC, said Amazon will build a 2.5 million square feet campus in Hyderabad, which will be its biggest campus outside the United States.

Saxena said that work on the project would begin soon. The State Government has allotted 10 acres of land for the campus in the IT corridor of Gachibowli. He declined to share the quantum of investment. An official in the state’s IT department said that Amazon will be investing about Rs.1,800 crores in the facility.

The minister, who visited the US last month, told that he requested Amazon to set up a data centre in Hyderabad and bring Amazon Web Services (AWS), a collection of remote computing services, to Telangana.

He expects a delegation from the US to visit Hyderabad soon to study the proposal. (IANS)

 

 

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GES 2017 : Ivanka Trump in Hyderabad charms the women centric Global Entrepreneurship Summit co-hosted by India and United States

Being invited by Prime Minister Modi, Ivanka Trump is in Hyderabad for GES 2017. The event is focused on women entrepreneurs from all across the globe, this is the first time GES is being held in South Asian country

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Ivanka Trump visited India for GES 2017
Ivanka Trump in Hyderabad (VOA)
  • Praising Prime Minister Narendra Modi at GES 2017, Ivanka Trump said,”from your childhood selling tea to becoming PM, you’ve proven that transformational change is possible.”

  • Prime Minister Modi emphasising on bilateral relations said,”the GES 2017 event not only connects the Silicon Valley with Hyderabad but also showcases the close ties between the US and India.”

Ivanka Trump, daughter and adviser to US President Donald Trump arrived Hyderabad to attend Global Entrepreneurship Summit, GES 2017 co-hosted by India and the United States. The three-day summit, from November 28-30, is being held at the Hyderabad International Convention Centre (HICC) and Hyderabad International Trade Expositions (Hitex).

Ivanka Trump in Hyderabad
Ivanka Trump, daughter of U.S. President Donald Trump, speaks during the Global Entrepreneurship Summit (VOA)

Ms Ivanka Trump is leading a delegation of senior White House officials and American entrepreneurs. The theme of this year’s summit is ‘Women First, Prosperity for All’ and will include 1,200 young entrepreneurs from different parts of the world, mostly women.

“I encourage everyone here to come together, learn from each other and find new ways to lift barriers in our society so that women are free to innovate, empowered to succeed and able to leave our children a brighter future,” Ivanka Trump told delegates in the event’s opening speech Tuesday.

Ivanka’s appearance with Modi at the opening of GES 2017 was preceded by a bilateral meeting which the Prime Minister Modi described as “wonderful”, before they went out to meet entrepreneurs who showcased their work for presentation. Being women centric event, two of the India’s most powerful women External affairs minister Sushma Swaraj and Defense minister Nirmala Sitharaman were also present.

GES 2017 : Ivanka Trump in India
Ivanka Trump with Prime Minister Modi (Narendra Modi Twitter)

The summit began with cultural events showcasing India’s rich culture. This year’s summit theme clearly demonstrated the commitment of the India and United states to the principle that when women are economically empowered, their communities and countries thrive. India is one of the country where women are at highest pedestals in social and professional life.

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Ivanka also gave credit to the Modi government for lifting 130 million people out of poverty. “Women still face steep obstacles in starting, owning and growing their businesses. We must ensure women entrepreneurs have access to capital, access to networks and mentors,” Ivanka said to loud cheers from a packed enthusiastic audience.

Ivanka’s visit also affirms that the Trump administration sees India as a major strategic partner in south asia and wants to engage with India more. Growing trade and business between India and United States sends a strong signal to the world.

by SHAURYA RITWIK, Shaurya is Sub-Editor at NewsGram and writes on Geo-politcs, Culture, Indology and Business. Twitter Handle – @shauryaritwik

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Important Tips to Follow if you wish to Expand Business Overseas

Want to spread your business overseas? Here is all you need to do for Spreading your business internationally.

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Tips to expand business overseas
Tips to expand business overseas. Flickr

One of the first things people notice when they branch out into doing business internationally is how big a role social norms play in business dealings. It’s the same in North America, but the contrast is much more jarring when dealing with a new country, new etiquette, and new expectations. Whether you are applying for financing from a lender or opening a new branch of your business overseas, it’s important to understand that how you conduct yourself can have a profound impact on the success (or failure) of your business. Here are a few general guidelines to help you conduct business in a variety of regions around the world.

In Asian boardrooms, meeting participants will typically be arranged by seniority. This is also the order in which they should be greeted, and the order in which you should pass out your business cards. This is a sign of respect. Speaking of business cards, be prepared to hand out many more in Asia than you would in North America. There is a ceremony around exchanging business cards in countries such as Japan. Be sure to invest in a business card case, as it is seen as rude and inappropriate to keep them in your wallet or pocket.

In some Middle Eastern countries, note that it is quite normal for a male client or colleague to grasp another man’s hand while walking together. Although this may seem unusual to North American sensibilities, it’s considered a sign of trust in some parts of the world.

It’s also a good idea to bear in mind that questions that may be perceived in North America as being simple small talk may actually consider quite rude and intrusive in some countries, such as questions about marital status, children, age, etc. In professional situations, it’s always best to err on the side of being too impersonal rather than to risk being considered nosey.

Gift-giving in a business setting is complicated in some cultures. In some cases, for example, it is considered improper to open a gift in front of the giver, so be aware of that if you are presented with a gift.

Manners are a very big point of difference among different cultures. For example, it is perfectly acceptable and actually expected, that diners will eat a sandwich with a knife and fork. Similarly, belching and slurping one’s food is considered rude in some cultures, but quite acceptable in others. It is considered socially unacceptable in countries such as Japan to be seen blowing one’s nose in public.

When it comes to professional attire, you can never go wrong erring on the side of conservative, no matter where you are in the world. Women should take special care to dress more modestly, as it can be a serious culture misstep to dress too revealingly.

When you do business with other countries, it’s important to know the business and legal issues that may arise, but never forget that business is, as the heart of things, a people-first endeavor. The more you can be aware of and respectful of the social expectations, manners, and etiquette in the region in which you are doing business, the more professional you will be perceived. And that can go a long way toward helping you to solidify meaningful business connections around the world. If you aren’t sure how to act or what to do, always educate yourself before you arrive. Not only do you not want to look foolish, you also don’t want to be insulting. There are lots of resources online and in books to help you navigate these challenging waters.

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Apple losing out AI race to Google, Amazon: Report

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Apple losing out AI race to Google, Amazon: Report

November 3, 2017, 10:32 IST: Essentially a hardware-focused firm, Apple is falling behind in the Artificial Intelligence (AI) race with Google and Amazon racing ahead while embracing the open-source and collaborative approach in the emerging field of AI, Fortune reported.

According to Mohanbir Sawhney, McCormick Foundation professor of technology at the Kellogg School of Management at Northwestern University, sheets of glass are simply no longer the most fertile ground for innovation.

“That means Apple urgently needs to shift its focus and investment to AI-driven technologies, as part of a broader effort to create the kind of ecosystem Amazon and Google are building quickly,” Sawhney wrote in Fortune.

According to him, Apple has reached its peak with “super premium” iPhone X and “does not represent the beginning of the next 10 years of the smartphone, as Apple claims”. Apple launched the iPhone X globally. Players pursue innovation along a vector of differentiation until the vector runs out of steam.

“When that happens, the focus of innovation shifts to a different vector and new market leaders emerge. We have seen this pattern several times in mobile phone innovation over the past three decades,” Sawhney said.

he vector of differentiation is now shifting from hardware to AI and AI-based software and agents.

“As AI-driven phones like Google’s Pixel 2 and virtual agents like Amazon Echo proliferateaToday’s smartphones will likely recede into the background,” he stressed.

Google Pixel phones offers great photo-enhancement features and deeper hardware-software integration driven by AI-based technology. The second edition of Pixel features 5-inch display, 4GB RAM, 12MP rear and 8MP front camera, and 2,700mAH battery. Google will bring Pixel 2 XL (6-inch display) into the Indian market from November 15 onwards.

The Amazon Echo enables natural conversations through the Alexa virtual agent.

“Apple has only to look at Motorola, Nokia, and Blackberry to understand how quickly a leader can fall from the peak in this market, and do its best to avert this outcome,” Sawhney added. (IANS)