corporate innovation | Page 3

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade

Catering to Make In India, domestic demand for aircraft, partnering with MSMEs, setting up an assembly plant in India and strengthening up defense ties are some of Boeing's immediate action plans in India

Over the years, the consumer-buying patterns have changed and keeping the trends in focus, Haldirams, Bikanervala Foods and Mondelez India are coming up with expansions and investments to up its game during the festive season

We will be adding almost 1.2 million square feet of production capacity in the next few months and the expansions are targeting both India, for India markets and India as a global manufacturing hub. To meet the plans, we will hire almost 6,500 more employees in the next two years, says Deepak Sharma, Zone President – Greater India and MD & CEO, Schneider Electric India

The company's recent initiatives in market strategy resulted in a notable expansion of its distribution network in India, says Geetika Mehta, Managing Director, Hershey India

The company is eyeing a 30 to 40 per cent increase in sales during the upcoming festive season, says, Sanjay Thakker, promoter and executive Chairman, Landmark Cars Limited

With the dramatic change in sentiment around work practices, Ashok Gupta, MD and CEO, Shalimar Paints focuses on business ethics and building an inclusive work culture

Hitesh Oberoi, MD & CEO, Info Edge, had been leading the mandate for the company since 2000. Speaking at the Entrepreneur 2023 Summit in New Delhi, he shared insights into how investments in technology and innovations helped the company navigate challenging times

Piyush Arora, MD & CEO, Škoda Auto Volkswagen India, unveils his plans to keep the ball rolling for the Indian market. From increasing capacities, expanding market share to scaling up exports, the German company has an aggressive plan of action for 2023

Apart from our focus on smartphones, Qualcomm India's 2023 pivot revolves around auto, drones and cameras, says Rajen Vagadia, VP and president- Qualcomm India & SAARC

In the aerospace industry, it has established partnerships with major customers, including OEMs and companies such as Airbus, Collins, Safran, Boeing

We are heads down focused on our particular strategy, which is cost leadership, service excellence and employee centricity, says, Vinay Dube, founder and CEO, Akasa Air

Companies such as BMW, Mercedes-Benz, Audi, Lexus, Lamborghini and others see potential in emerging markets of Tier II and Tier III cities. Ludhiana, Udaipur, Kanpur, Mysore, among others, where there are high numbers of NRIs and HNIs have seen high penetration of luxury cars

Etihad has connected Indian travelers, particularly from regional and smaller gateways (non-metro/Tier II), to both Abu Dhabi and Etihad's global network through Air Arabia Abu Dhabi joint venture, with Kozhikode and Thiruvananthapuram serving as crucial entry points

According to a Mordor Intelligence report, the total addressable D2C market in India is forecast to hit $100 billion by 2025. The opportunity is so lucrative that traditional FMCG companies such as Dabur, ITC, Marico, Wipro Consumer Care & Lighting, Parle Agro are trying their luck in the space either by acquisitions or starting their own digital first brands

In 2023, Uno Minda's key focus area is on aggressively expanding its EV Specific product. It also aims to increase exports by offering an entire bouquet of products to global OEMs and is targeting export growth to outpace domestic growth

From clocking a significant amount of revenue from smaller towns to navigating the macroeconomic headwinds, Lexus has cracked the code for the Indian market. However, it is vigilant. "We need to carefully watch as we go towards the second or maybe the third quarter of 2023," says Naveen Soni, president, Lexus India

From launching exclusive services in the country to reaching its target customers in rural India, HMD Global, the makers of Nokia phones, has expansion plans up its sleeves

In accordance with the government's Make In India initiative, the company is strengthening its production capacities in India. Besides, the firm is also working on its goal of entering every Indian household with innovation at its core. From collaborating with startups to practicing sustainability, the company is on a hot streak

Amongst its latest innovations are AI-backed digital tools for analyzing consumers hair, skin or other grooming needs, coupled with machine interventions which forms an integral part of its product formulations

Amid challenges, India has emerged as the third-largest auto market in the world. The sector is currently battling supply chain constraints and companies are ramping up capacities in India. As new regulations are set to kick in, the industry is pulling up its socks to stay ahead of the curve