This year, India overtook Germany to become the world’s fourth largest vehicle market, as per sales volumes. Commercial and passenger vehicle sales in the country grew 8.3 per cent last year to 3.99m, overtaking the 3.74m of sales in Germany. According to industry forecasts, by 2021, India will get ahead of Japan and become the third largest market for vehicles. As things stand, the domestic automobile industry contributes more than 7% to India’s GDP, and the Automotive Mission Plan 2016-26, seeks to boost this contribution to 12 per cent.
Advantages of Investing In India and Key Hubs For Business: A Guide for International Firms
More than half of all global economic growth is now driven by emerging markets like Brazil, China, India and Russia. For foreign players, investments in BRIC countries have also offered some of the most spectacular returns over the long-term. India, in particular, remains a premier destination for global businesses as it has managed to stay ahead of China and retain the tag of the world’s fastest-growing large economy. It has also significantly improved its ranking along the ease of doing business index by leaping 23 ranks to occupy 77th position, worldwide.
FDI Inflows and Trade Relations Between France and India, A Snapshot
India’s journey towards economic liberalisation began in 1991, and more than 25 years on, the country is galloping towards incremental market reforms at a historic pace. The current Modi government enacted 37 FDI (Foreign Direct Investment) reforms across different industry sectors in just the first three years of governance. As the country embraces freer, more pro-market policies, FDI inflows have been increasingly steadily, and India’s bilateral trade relations with European countries have become stronger.
How Intercultural Training Can Improve Productivity Within Your Organization
Doing business in a new culture can be daunting. How can your organization stay ahead of the curve and ensure that your company is a part of this global workforce? In this post we will take a look at some intercultural differences that need to be addressed.
A Calendar of Indian Trade Shows Worth Attending in 2019
A compiled a list of the most important trade shows, categorised by sector, which are coming up in 2019. Mark your calendars…
How Arsha Consulting helped a 40-year-old French engineering firm find a partner in India
Ametra Group, formerly Deroure, is a French firm offering design and integration of mechanical, electrical and electronic industrial equipment for the aeronautics and space, defense, energy, medical and railway sectors. They approached Arsha Consulting for some expert guidance on finding a suitable partner firm in India, specifically in the aerospace and defense sector.
Sourcing Handicrafts from India: A Guide for European Importers
While growing awareness means that more and more discerning buyers are interested in procuring authentic Indian hand-crafted goods via export houses, the extremely fragmented nature of this market poses challenges.
Indian Textile Industry: A Quick Snapshot
India's textile industry is one of the largest contributors to the country’s exports, accounting for nearly 13%. It is a labour-intensive sector and employs about 45 million people directly, and 25 million people indirectly.
Identifying an Indian apparel supplier or manufacturer: Best Practices
The Indian textile industry is extremely competitive and, in our experience, it is not advisable to go only by internet research to assess and identify local suppliers, and conduct business remotely via email and on the phone, after the initial meeting and sign off. In this article, we tell you why it is important to hire experts to facilitate this process.
How Arsha Consulting helped Canadian Artificial Thatch Company Palmex set up a thriving business in India
Three years ago, Palmex planned to enter the Indian market and were on the lookout for a reliable local partner, when they crossed paths with Arsha Consulting at a trade fair in Montreal. Palmex was keen that they partner with experts who not only had experience working with international clients but also understood the diverse needs of a complex market like India. It was clear from the very outset that Arsha would have to craft a long-term strategy that invoked trust, assured quality and communicated value to hotel owners, resort managers, architects, and builders, who would be their primary customers.