Why Global Manufacturing Companies should Explore the Indian Market - Industrial Consulting and Strategy
India is a rapidly growing economy with a large and growing middle class. This makes it a very attractive market for foreign companies that want to expand their businesses. India’s manufacturing sector is on track to become a global hub, with the potential to export USD 1 trillion worth of goods by 2030.India’s manufacturing sector is expected to reach USD 1 trillion by 2025.
- India’s manufacturing sector is expected to reach USD 1 trillion by 2025.
- India’s manufacturing exports reached an all-time high of USD 447.46 billion in FY-23, surpassing previous year’s record of USD 422 billion.
- India’s manufacturing sector market is expected to grow at a CAGR of more than 4% during the forecast period (2023-2028).
- The Government is supporting the growth of the sector through initiatives such as the National Manufacturing Policy and the PLI scheme.
We help Foreign Companies to Establish their Business in Indian Market
Tecnova is a leading strategy and management consulting firm that helps foreign companies establish and expand their businesses in the Indian industrial and manufacturing sector. Tecnova has a deep understanding of the Indian market and regulatory environment, and it can provide valuable guidance and support to foreign companies throughout the entire process of entering the Indian market.
Establish your Business in the Indian Industrial Sector
Market Research and Analysis
Tecnova conducts comprehensive market
research and analysis to help clients understand
the Indian consumer market, identify
opportunities, and assess risks.
Go-to Market Strategy Development
Tecnova develops customized go-to-market
strategies for clients, taking into account their
specific business goals, target market, and
competitive landscape.
Business Setup and Advisory
Tecnova provides comprehensive business
setup and advisory services to clients, including
assistance with company registration, legal and
regulatory compliance, and taxation.
Tecnova provides support to clients in setting up and managing their operations in India, including manufacturing, logistics, Supply chain management and Optimization.
Tecnova provides support to clients in managing their distribution and retail channels effectively
Partner Search and Selection
We help clients identify and select the right local
partners, such as distributors, retailers, and
suppliers.
Helping Global Companies Establishing their Presence in the Indian Market
- Tecnova helped a European manufacturer of grinding media solutions to turn around its performance and get back on the growth path in India.
- Establishing a production facility for a leading Spanish elevator door manufacturer.
- Helping a leading American industry association to set up in India.
- Helping a leading producer of laser-guided and innovative construction machinery to establish itself in India and reach its niche customer segment.
- A leading producer of starch and derivatives wanted to identify the best mode to enter India.
Tecnova’s success in helping foreign companies establish business in India is a testament to their expertise in the Indian market and their commitment to providing their clients with the best possible service.
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