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 …
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 …
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 …
Energy Supply Threat and Solution in CEE and Baltics
Energy Supply Threat and Solution in CEE and BalticsSince decades Russia formed an image of trustful supplier of energy resources for Europe. For these purposes in 2011 Russia completed Nord Stream pipeline, supplying gas to Germany and further to Europe with max discharge of 55 bln cub m annually. To increase delivery capacities, in 2021 Nord Stream II has been commissioned but never put into operation due to Russian invasion in Ukraine.In 2019-2021 share of Russian gas in EU gas structure varied from 39% to 53%. Few countries, mainly in CEE (e.g. Bosnia, North Macedonia), had 100% dependency from Russia …
„Indian Toy Industry – To Infinity and Beyond“
Indian Toy Industry – To Infinity and BeyondIndia’s growing newborn population is one of the main factors driving the rise in demand for toys, leading to a significant expansion of the industry. As of 2023, the Indian toy industry amounts to 1.4 bln EUR making up 0.5% of the global market. Given the demand, with a forecasted growth of average of 10-15% YoY against the global average of 5%, the Indian toy market is expected to reach 1.8 bln EUR by 2024.Additionally, inflating disposable income levels and the rising awareness among individuals about the benefits of toys in improving the …
Shared Service Centers in CEE – How to find the right country?
Shared Service Centers in CEE – How to find the right country?Big companies and corporations often bundle standardized administrative activities, such as accounting, in shared service centers (SSC). This is because shared service centers have many advantages, e.g. processes can be simplified or specialists can be assigned where their potential is fully utilized. The increasing demand for cost savings and the growing efficiency of the local workforce also support ongoing investments and the opening of SSCs in CEE. But how do you find the right country for your shared service center in CEE? We present some countries in this Executive …
Key Success Factor of Influencer Marketing in China – Influencer Matrix
Key Success Factor of Influencer Marketing in China – Influencer MatrixIn China, social media spans a range of features and purposes, such as micro-blogging site Weibo, video-sharing social network Douying, community-based e-commerce platform Little Red Book, question-and-answer site Zhihu etc. Each social media platform has their unique influencers landscape and definition of influencers type.Influencers could be classified into different ranking according to follower counts: mega macro influencers (> a million followers), macro influencers (500K-1 million followers), mid-tier influencers (50K-500K followers), micro influencers (10K-50K followers), nano influencer (1K-10K followers) and Key Opinion Consumers (<1k influencers). Influencer could also be classified into …
Green Hydrogen- India’s emerging economy
Green Hydrogen- India’s emerging economy Initiatives for laying the foundation and groundwork for scaling-up low carbon hydrogen across the economy in India. Hydrogen demand could increase 5-fold by 2050 in India with use in industry being the major driver. By 2030, costs of hydrogen from renewables will fall more than 50% and will start to compete with hydrogen produced from fossil fuels.“The thing that is going to help India with a quantum leap in terms of climate is the field of green hydrogen” – Prime Minister Narendra Modi Green hydrogen, considered as one of the cleanest forms of energy in …
Surging Photovoltaics (PV) demand in Europe & Opportunities for European and Chinese Players
Surging photovoltaics (PV) demand in Europe & Opportunities for European and Chinese PlayersDespite Europe already at the forefront of deploying renewable energy globally, this year European countries, and the rest of the world, are facing the energy crisis. Consequently, Europe has hit record high numbers in generating electricity from the renewables, specifically solar power has shown to be crucial in helping Europe reduce its reliance on gas imports from Russia.According to think tank Ember, between May and August 2022 electricity generation data showed a record high solar power share of 12.2% in the European electricity mix – equal to about …
Green Hydrogen Technology Roadmap Europe – China as Competitor or Partner?
Green Hydrogen Technology Roadmap Europe – China as Competitor or Partner?In its efforts to promote energy transition in Europe and decarbonize the energy system, the Hydrogen Accelerator of the REPowerEU Plan highlighted the updated Green Hydrogen ambition. Upscaling of electrolysis capacities remain therefore as priority and with regards to PEM, European players still hold technology advantages. Which role does China play: Competitor or Partner?Europe formulated ambitious plans to boost green hydrogen This year, in its efforts to promote energy transition in Europe and decarbonize the energy system, the Hydrogen Accelerator of the REPowerEU Plan highlighted the updated Green Hydrogen (GH) …
US Semiconductor Ban on China & Implications for International Companies in China
US Semiconductor Ban on China & Implications for International Companies in ChinaAlongside the Chips and Science Act and a sweeping set of export controls, the US further undermines China’s ability to import, manufacture, and export the semiconductors that run the world. Finely calibrated and applied on most leading-edge chips, consequences are dramatic. International companies operating and banking on China are urged to re-balance and match their China strategy to prepare for de-risking but to stay in the game.US’s further moves to contain China’s semiconductor industry In early October 2022, the US issued nine new rules, detailing export controls on advanced …