Rapid adoption of innovation and technology, along with a growing middle class and a large consumer base, positions India as a robust long-term market, according to Aker BioMarine’s CEO Matts Johansen. Speaking at the World Economic Forum’s Annual Meeting of the New Champions in China, Johansen expressed confidence in India’s appeal for businesses seeking sustained growth opportunities. He emphasized India’s potential, citing its sizable population, expanding middle class, and rapid technological advancements as key factors driving its market strength.
Highlighting Aker BioMarine’s dedication to India, Johansen revealed plans to expand operations by establishing an office in Mumbai. The company, already active in India’s shrimp farming sector, aims to broaden its presence by supplying ingredients for food products and health supplements. Johansen underlined the significance of this move, indicating a strategic investment in the Indian market to diversify beyond aquaculture.
Moreover, Johansen underscored the rising significance of artificial intelligence (AI) in enhancing productivity and fostering business growth globally. He noted AI’s potential to drive efficiency improvements throughout the company’s value chain, spanning manufacturing, sales, marketing, and finance functions. Johansen highlighted AI as a pivotal catalyst for productivity enhancements across various operational aspects, positioning it as a key growth enabler in the years ahead.
The World Economic Forum’s Annual Meeting of the New Champions, known as the Summer Davos, commenced on June 23 and will conclude on June 25. The event gathers leaders from business, government, academia, and international organizations to deliberate on innovation, entrepreneurship, and economic development.
