Posts tagged ‘SpaceX’

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15/12/2016

PepsiCo CEO Indra Nooyi Is Latest Indian American to Sign Up to Help Donald Trump – India Real Time – WSJ

Chairman and CEO of PepsiCo. Indra Nooyi is the latest Indian American to be hand-picked by U.S. President-elect Donald Trump to advise him and help him run the country.

Ms. Nooyi’s appointment to his strategic and policy forum was announced Wednesday by Mr. Trump’s transition team as one of three new appointments to the 16-member group. SpaceX Corp’s Elon Musk and Uber Technologies Inc.’s Travis Kalanick were the other two appointments.

The forum will be called upon to meet frequently with Mr. Trump to discuss his economic agenda.“America has the most innovative and vibrant companies in the world, and the pioneering CEOs joining this Forum today are at the top of their fields,” Mr. Trump said in a news release. “My Administration is going to work together with the private sector to improve the business climate and make it attractive for firms to create new jobs across the United States from Silicon Valley to the heartland.”

Seema Verma, president and founder of SVC Inc. arriving at Trump Tower on November 22, 2016 in New York City.

Mr. Trump last month nominated Indian-American Seema Verma, CEO and founder of SVC Inc ., a U.S.-based health policy consulting company to serve as Administrator of the Centers for Medicare and Medicaid Services. “She has decades of experience advising on Medicare and Medicaid policy and helping states navigate our complicated systems,” he said.In November, Mr. Trump picked South Carolina Gov. Nikki Haley who is Indian in origin to serve as U.S. ambassador to the United Nations.

Ms. Nooyi, who was born in Chennai, India and later went to Yale University to study public policy and management, will have a direct line, along with others in the group, to Mr. Trump to advise him on economic policy, job creation and productivity, said the release.

Source: PepsiCo CEO Indra Nooyi Is Latest Indian American to Sign Up to Help Donald Trump – India Real Time – WSJ

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22/06/2016

India’s Space Agency Sends 20 Satellites Into Orbit – India Real Time – WSJ

India on Wednesday put 20 satellites into the Earth’s orbit, including 17 from foreign countries, a record number for its space agency as it seeks to become a low-cost and reliable choice for launches.

The successful mission by the Indian Space Research Organisation puts it right after Russia and the U.S. for the number of satellites launched from a single rocket so far, said an ISRO official. In 2014, a single Russian space launch vehicle deployed 33 satellites. A National Aeronautics and Space Administration rocket carried 29 satellites in 2013.

ISRO’s rocket, the Polar Satellite Launch Vehicle, carried its own Cartosat-2 series satellite for earth observation along with 13 satellites from the U.S., two from Canada, one each from Germany and Indonesia and two from Indian academic institutions.

“ISRO continues to break new barriers,” Indian Prime Minister Narendra Modi said on his Twitter account. He said the country’s space program “has time and again shown the transformative potential of science and technology in people’s lives.”

The launch comes as global space agencies face competition from private companies who are aiming to bring down the cost and time for manufacturing and launching satellites by automating their production and using unmanned reusable rockets.

U.S. businessman Greg Wyler has joined hands with Airbus Group SE to build an automated manufacturing facility in Florida that can churn out hundreds of satellites each year. Traditional satellites are built using touch labor. SpaceX, an aerospace startup founded by Elon Musk, successfully landed a rocket on an ocean platform in early May after launching a communications satellite.

India has been fast achieving recognition as a budget option for launching satellites. In 2014, ISRO put a satellite into the orbit of Mars, becoming the first Asian country to reach the red planet, and at fraction of the cost of a similar launch in U.S. and Europe.

In May ISRO launched the test model of its planned reusable space shuttle.  In April, it launched the seventh satellite needed to create its own navigation system, joining a small group of nations with their own versions of GPS.

The global space industry was estimated to be worth $330 billion in 2014, the latest year for which data are available, according to the Space Foundation, a U.S.-based research group. Commercial space activities comprised as much as 76% of the industry, it said.

There were 92 rocket launches in 2014, and Russia continues to hold its leadership in this area with 32 rocket launches, followed by U.S. with 32 and 11 by Europe, the Space Foundation said. It didn’t provide figures for India.Ajay Lele, a senior fellow at New Delhi-based Institute for Defense Studies and Analyses estimates the U.S. has about a 40% share of the global satellite-launching market, while Europe has 25% and Russia 20%. Countries such as China and India have a much smaller share of the market of about 3% percent or less, Mr. Lele said.

ISRO officials said after the launch they want to accelerate the pace of sending satellites into space by extending partnerships with private Indian companies. The space organization has launched more than 57 satellites from about 20 countries on board the PSLV over about two decades.

Source: India’s Space Agency Sends 20 Satellites Into Orbit – India Real Time – WSJ

Posted in Economics, GeoPolitics, India alert, Politics, Space flight, Technology | 1 Comment »

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08/06/2016

Amazon Plans $3 Billion Investment in India – India Real Time – WSJ

Amazon.com Inc. plans to invest an additional $3 billion into India, which is emerging as a critical area of growth for the e-commerce giant.

Chief Executive Jeff Bezos announced the plan at a meeting of business leaders Tuesday with the Indian Prime Minister Narendra Modi in Washington. Amazon sees “huge potential in the Indian economy,” Mr. Bezos said in a statement.

The announcement brings Amazon’s total planned investment in India to $5 billion, since it announced a $2 billion infusion in 2014. An Amazon spokesman declined to provide details such as how the new funds would be allocated or over what period.

Amazon operates a pure marketplace in India, due to local rules, selling only goods offered through its website by third parties. It nonetheless has warehouse and delivery technologies there that are particularly attuned to the local market, where internet connectivity can be spotty or nonexistent and many consumers don’t have credit cards.

Source: Amazon Plans $3 Billion Investment in India – India Real Time – WSJ

Posted in Economics, India alert, online sales | 1 Comment »

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