Renewable Energy Vision and Manufacturing Excellence in IndiaIndia is rapidly transitioning towards renewable energy sources driven by environmental, economic, technological, and policy factors. This shift is vital for sustainable development and positioning India as a global leader in renewable energy.Renewable Energy Capacity and Targets India ranks 4th globally in renewable energy installed capacity (190 GW, including large hydro), 4th in wind power (42 GW), and 5th in solar power (67 GW). With the aim of reducing carbon emissions, India has set an ambitious target of 500 GW of non-fossil fuel-based energy by 2030, positioning it as one of the fastest-growing …
Photonics21 Partnership Annual Meeting 2024 in Brussels: Photonics Industry Beat Global Trends
Photonics21 Partnership Annual Meeting 2024 in Brussels: Photonics Industry Beat Global TrendsMore than 220 high-ranking photonics representatives from industry, science and politics debated the future of light technologies, including technological sovereignty and the global photonics industry at the Photonics21 Partnership Annual Meeting in Brussels on 14 and 15 May. The Annual Meeting is one of the most important events for the European photonics community. EAC International Consulting was invited as a key note speaker.Daniela Bartscher-Herold, Founder and Partner EAC Munich, gave a presentation about political steering processes in China in core segments of photonics industry. The EAC study, commissioned by …
Optimizing Procurement Costs: A Deep Dive with Spend Opportunity Assessments
Optimizing Procurement Costs: A Deep Dive with Spend Opportunity Assessments The relentless pressure to reduce procurement costs while maintaining competitiveness defines the current economic landscape. Companies seeking a strategic edge can capitalize on Spend Opportunity Assessments (OAs) to identify cost-saving opportunities and generate long-term value.A Spend OA is a systematic analysis of a company’s external spending, encompassing both direct and indirect costs. This data-driven approach aims to pinpoint areas for optimization through a four-step process: Data Collection and Spend Analysis: This initial stage involves gathering comprehensive outlay data. Analysis of this data reveals spending patterns, trends, and potential areas for …
The Latest US Tariffs on Chinese Goods
The Latest US Tariffs on Chinese GoodsTariffs Targeting China Announced by the Biden Administration The Biden administration has announced an increase in tariffs on USD 18 billion worth of Chinese imports. This action is part of a broader strategy to protect American industries and workers.Tariff Increases Range from 25% to 100% The new tariffs, ranging from 25% to 100%, target key industries and aim to shield American businesses from cheaper Chinese alternatives: Steel and Aluminum: The tariff rate on certain steel and aluminum products will increase to 25% in 2024. This measure is designed to support the US steel industry, …
Outlook for European Businesses in China
Outlook for European Businesses in ChinaBusiness Sentiment Among European Companies in China The European Chamber of Commerce in China’s (EUCCC) latest Business Confidence Survey reveals a year of mixed sentiments for European businesses in the wake of China’s reopening post-COVID-19. Despite the initial optimism spurred by the lifting of pandemic-related restrictions, several structural issues and regulatory challenges have tempered expectations. This article delves into the survey’s findings, shedding light on the current business climate and the outlook for European firms operating in China.Economic Challenges and Geopolitical Animosities Pressure Foreign Companies in China In 2023, European businesses in China faced significant …
India’s Potential as a Global Leader in Green Hydrogen
India’s Potential as a Global Leader in Green HydrogenGreen hydrogen (GH2) derived from renewable energy sources, is positioned as a transformative force in the global transition towards sustainable energy. India, with its ample renewable resources and commitment to decarbonization, has emerged as a significant player in this arena. Leveraging its vast solar and wind energy potential, estimated at approximately 1,400 GW, India aims to become a leader in green hydrogen production, aligning with the goals outlined in its National Hydrogen Mission launched in 2021. This mission is pivotal in achieving the country’s ambitious target of net-zero carbon emission by 2070 …
Navigating the EV Market Shift in China
China’s Unrivaled Position in the EV LandscapeThe electric vehicle (EV) market in China continues to redefine the automotive industry’s future. In 2023, China solidified its position as a global leader by accounting for nearly 60% of worldwide EV sales (measured in car registrations), a significant indicator of its growing dominance, according to data from the International Energy Agency’s (IEA) Global EV Outlook 2024, a Paris-based autonomous intergovernmental organization. This trend is not just a fleeting phase but a clear signal of the shifting dynamics in the global car market, with projections showing that one in three cars in China will …
Future of EVs in India by 2030: Opportunities and Implications for Ancillary Industries
Future of EVs in India by 2030: Opportunities and Implications for Ancillary IndustriesWith over 30 years of consulting experience across Western and Eastern Europe, Asia, and the Americas, our expertise in strategy and globalization has equipped us to analyze the burgeoning electric vehicle (EV) industry. EAC has successfully executed numerous projects in the e-mobility and battery sectors, particularly in Asian growth markets and Europe. This presentation delves into the future of EVs in India by 2030 and explores the implications for ancillary industries.Current Landscape In FY 2024, EVs accounted for 1.7 million units of total vehicle sales in India. The …
Aftermath of the EV hype – permanent dip, small dent, or no crisis at all?
Aftermath of the EV hype – permanent dip, small dent, or no crisis at all?The hype surrounding electric vehicles (EVs) in recent years has been undeniable, driven by a combination of environmental consciousness, government incentives, and technological advancements. However, as the dust settles, questions arise about the sustainability of this growth momentum and the long-term viability of the EV market.The surge in demand for EVs, accelerated during the COVID-19 pandemic, painted a rosy picture of exponential growth and high expectations. Ambitious targets, such as Germany’s aim to have 15 million EVs on the road by 2030, fueled optimism for a …
Charting New Frontiers: Exploring India’s Logistics Startup Ecosystem
Charting New Frontiers: Exploring India’s Logistics Startup EcosystemIn the dynamic landscape of a developing economy, logistics infrastructure stands tall as the backbone, facilitating seamless movement of goods and services. India, propelled by the Government’s steadfast commitment to infrastructure development, epitomized by initiatives like Gati Shakti and the National Logistics Policy, is prepared to accelerate its economic growth trajectory and emerge as a cost-efficient manufacturing hub on the global stage.At the heart of this transformation lies the burgeoning ecosystem of logistics startups, a testament to India’s vibrant entrepreneurial spirit and the growing interest in the sector. Over the past few years, …
The Indian Semiconductor Industry at the Cusp of Inflection
The Indian Semiconductor Industry at the Cusp of InflectionThe semiconductor industry faces significant challenges, including supply chain disruptions, localized talent shortages, and the constant technological demand for smaller chips. Despite these obstacles, in 2023 the industry generated a substantial 500 bln EUR in revenue. While this represents a 9% decrease from 2022, a strong recovery is underway and forecasting revenue to exceed 1.2 trln EUR by 2030. This growth will be primarily driven by the automobile, computing, and data storage sectors, which are expected to account for over 70% of semiconductor demand. Semiconductors are a vital cog in our day-to-day …
India Localization – Unleashing the Potential
India Localization – Unleashing the PotentialIndia’s growth story in the manufacturing sector has been driven by its billion-plus demographic and their rising spending acumen. Manufacturing sector in India today contributes 17% to the GDP and not only caters to domestic consumption but the meteoric growth in exports as well. This rise has turned global eyes towards India as a ‘China Plus One’ destination. Government Schemes and a well-developed manufacturing ecosystem have augmented the impact in attracting global firms to invest in India.India’s manufacturing ecosystem has developed over the last 10 years primarily due to the rise in demand clusters across …