Production Linked Incentives (PLI) of India – Reviewing the ImpactThe Indian government’s Production Linked Incentive (PLI) scheme is a performance-based incentive scheme. It rewards companies for increasing domestic sales of their manufactured goods. The overall aim of the scheme is to strengthen the manu-facturing sector and reduce dependence on imports. Its objectives include promoting the „Make in India“ initiative, attracting foreign manufacturers to set up production in India, and motivating domestic manufacturers to expand production and exports.Launched in March 2020, the PLI scheme initially targeted sectors heavily dependent on imports, such as mobile manufacturing, electrical components, critical pharmaceutical materials and …
EAC Partner Uwe Haizmann on the Podcast „The Future of Supply Chain“
EAC Partner Uwe Haizmann on the Podcast „The Future of Supply Chain“ In this podcast episode our partner, Uwe Haizmann, talks about supply chain challenges and possible solutions regarding the upcoming China’s Golden Week with the host Sin To.They also take a closer look on China and its strategy to build a more resilient supply chain as well as sustainability. Uwe Haizmann assumes that the future of supply chain will look more regional. He thinks, that we entered an area of de-globalization which is here to stay and that there will be more clusters around the globe. So there are …
„De-Risking China“ by the Chinaforum Bayern e.V.
De-Risking China – Identifying and Reducing Risks in Business with ChinaIn July, the German government published its first comprehensive China strategy. In this paper, the government emphasizes that cooperation with China is and will remain important. At the same time, however, it calls on the German economy to reduce its dependence on the People’s Republic and to place the national economic and social interest at the center of its actions. What does this mean for German companies?On 14 September, the event „De-Risking China – Identifying and Reducing Risks in Business with China“ organised by Chinaforum Bayern e.V. took place. Uwe Haizmann, …
Cost Benchmarking Against Competition – Success Factors and Pitfalls
Cost Benchmarking Against Competition – Success Factors And PitfallsCompanies from the developed world that have traditionally enjoyed a monopoly in their home markets at certain price points are finding it difficult to compete when they start to expand their existing portfolio into other markets, particularly in the developing world.A foreign market and dwindling sales – the need for cost benchmarking The problem seems to be even more pronounced for family-owned companies, which have built a legacy on the claim that their technology and processes are better than anyone else’s, and this ideology is ingrained in the mindset of every employee. …
India’s Demographics: A Driving Force for Economic Growth and Global Influence
India’s Demographics: Driving Economic Growth and Global InfluenceIndia’s rapidly growing population has long been recognised as a major asset for its economy. With the latest United Nations estimates confirming India’s status as the world’s most populous country, surpassing China, the country’s demographic advantage becomes even more apparent. India’s Population Growth and Future Projections India’s population has reached a staggering 1.4 billion by Q2 2023, securing its position as the most populous country. By comparison, the EU’s population of around 450 million is only a third of India’s. Even Germany, the EU’s most populous country with 84.3 million people, would rank …
EAC as Speaker at the „International Technology Import and Export Fair (CSITF)“ in Shanghai
EAC as Speaker at the „International Technology Import and Export Fair (CSITF)“ in ShanghaiOur expert and Managing Consultant, Addie Wei, was invited to speak at the „International Technology Import and Export Fair (CSITF)“ in Shanghai. As part of the „China’s Best Practices for Response to WTO/TBT Measures Summit“, Mrs. Wei held a keynote on „Introduction of Carbon Border Adjustment Mechanism (CBAM) and Strategic Implications for Chinese Exporters.“CSITF is a national and international professional trade event specializing in technical trade, supported by the United Nations Industrial Development Organization (UNIDO), the United Nations Development Programme (UNDP) and the World Intellectual Property Organization …
EAC as Speaker at the „Chinese Used-Car Export Summit 2023“
EAC as Speaker at the „Chinese Used-Car Export Summit 2023“In June our expert, Addie Wei, Managing Consultant at EAC, was invited to give a keynote speech at the „Chinese Used-Car Export Summit 2023“. The event was organized by China Automobile Dealers Association (CADA).In her presentation, Addie Wei talked about the internationalization strategies of Chinese OEMs and their impact on Chinese used-car exporters. She also focused her attention on the competition and problems of the global used-car export business. Through her many years of experience, Addie Wei was able to provide a lot of suggestions for used-car exporters from the perspective …
CEATEC Visit in the Munich Office
CEATEC Visit in the Munich OfficeOn June 15, a business delegation from the China-Europe Association for Technical and Economic Cooperation (CEATEC) visited our Munich office. The high-ranking delegation was led by CEATEC’s President Yang Shuanchang and representatives from politics and business, especially from the mechanical engineering, aerospace, agribusiness and venture capital sectors. EAC cooperates with CEATEC to improve economic and technological cooperation between Europe and China and to support foreign companies in their investments in China. CEATEC reports directly to the Chinese Ministry of Commerce. The association supports companies in developing markets and sees itself as a „bridge builder“ between …
ArMiD & EAC – Event „Incredible India“
ArMiD & EAC – Event „Incredible India“This was the title of our event in Munich, which was organised in cooperation with ArMiD (Aufsichtsräte Mittelstand in Deutschland e.V.). There was enormous interest in the topic as well as in our insights, and so leading personalities from German business and industry discussed with us until late into the night.The high level of interest is not surprising, as India is currently overflowing with superlatives: A growth rate of 6.5 A EUR 3.3 trillion economy FDI investments of EUR 78 trillion in 2021-22 The fifth largest economy by 2030, ahead of Germany and Japan. …
COMPRESSED BIOGAS (CBG) INDIA POTENTIAL
COMPRESSED BIOGAS (CBG) INDIA POTENTIALGrowing at a CAGR of 6%-7%, India is expected to become world’s 3rd largest economy by 2030 and is home to the world’s largest population. This fast-paced economic growth supported by rapid infrastructural development and urbanisation, will increase India’s energy demand significantly. Currently, India is world’s third largest energy consumer with nearly 50% generating from coal. India on its part is actively looking to reduce its coal dependencies as it aims to achieve Net Zero by 2070. Furthermore, India aims to generate 50% of its total electricity from green sources by 2030. Its future energy strategy …
Quo vadis: German Machine Tools in China
Quo vadis: German Machine Tools in ChinaOur expert and partner, Daniel Berger, was at the VDW China Machine Tool Management Meeting and was allowed to give a presentation about the development of the German machine tool industry in China.Driven by continued industrial investment, 2022 was a solid year for the German machine tool industry in China. Although the current outlook is challenging, hopes are high that demand will pick up in the coming months and the commitment of companies in China remains undoubted. In his presentation, Daniel Berge introduced the latest developments and prospects of the Chinese economy and the …
e-Mobility in China: High-Voltage Charging as Solution to overcome infrastructure constraints
e-Mobilität: High-Voltage Charging as Solution to Overcome Infrastucture ConstraintsIn 2022, China will see another record-breaking doubling of electric vehicles to nearly 7 million. However, with a current ratio of vehicles to charging stations of about 2.5 to 1, charging infrastructure is still lagging behind, leaving consumers uncertain about waiting and charging times. The risk is that this will flatten the trend toward electric vehicles.Although swapping batteries won’t solve these problems, operators and OEMs alike are pushing for a high-voltage charging architecture. Our expert and partner, Daniel Berger, shared his insights on this at the 2nd China EV High Voltage Systems …