Blog Page 6

India is a leading exporter of rice, accounting for close to 25% of the global rice trade

India is a leading exporter of rice, accounting for close to 25% of the global rice trade. According to All India Rice Exporters Association (AIREA), India exported about 11.9 million tons of rice (basmati and non-basmati) in FY15, an increase of 9.4% from about 10.9 million tons during FY14.

Large vacuum to be addressed in air conditioner ownership, with only estimated around 5% penetration

After enjoying a huge market share in air-conditioning (AC) and refrigeration segment,Blue Star has now forayed into water purifier business, says B Thiagarajan, Joint MD of the company. Company will offer residential water purifiers for the first 6 months, and eventually enter commercial water purifier. Thiagarajan added that residential water purifier markets is worth Rs 4,200 crore and he aims for Blue Star to enjoy market share of 15 percent. Growing at a compound annual growth rate (CAGR), almost 8 million units of water purifier are sold every year, in which electric purifiers form 70 percent of the total unit.

India's mobile data traffic to grow over 50% (CAGR) between 2016 – 2021:Report

Mobile data traffic in the country is expected to grow the fastest globally at 15 times by 2021, according to a report. The country also grew the most in terms of net additions in mobile subscriptions during the March quarter at over 21 million, followed by Myanmar and Indonesia with 5 million net additions each and US and Pakistan with over 3 million net additions each, the Ericsson Mobility Report said. Between 2015 and 2021, the number of IoT connected devices is expected to grow 23 percent annually, of which cellular IoT is forecast to have the highest growth rate. Of the 28 billion total devices that will be connected by 2021, close to 16 billion will be IoT devices, the report said.