Agricultural Mechanization (beyond tractors) – focusing on the Indian Agri-Machinery Industry

Agricultural Mechanization (beyond tractors) – focusing on the Indian Agri-Machinery IndustryIndia, with its vast and diverse agricultural practices, plays a pivotal role in global food production. It is the second-largest producer of rice, wheat, sugarcane, cotton, and groundnuts, as well as the second-largest fruit and vegetable producer. The farm equipment industry, a cornerstone of this sector, which was traditionally dominated by tractors, is undergoing a transformative phase fueled by technological advancements, localization efforts, policy shifts, and changing consumer preferences.EAC has observed key trends shaping today’s Indian agri-machinery industry. The key trends are: Small agri-machinery segment transitioning towards localisation: The small …

Electrifying India: Accelerating the Passenger Electric Vehicle Revolution

Electrifying India: Accelerating the Passenger Electric Vehicle RevolutionBy 2030, India will emerge as the 2nd largest manufacturer of passenger electric vehicles in APAC region following China with a surge of +74% in the vehicle production volume.India is currently amongst the prominent hubs for automotive manufacturing across globe, however, the Indian EV industry is still in its early stages of development and is expected to exhibit significant growth over the next decade. By 2030, India will emerge as the 2nd largest manufacturer of passenger electric vehicles in APAC region following China with a surge of +74% in the vehicle production volume. …

Indian Chemical Distribution Sector: Imminent Growth Opportunity

Indian Chemical Distribution Sector: Imminent Growth OpportunityThe fast-growing Indian chemical industry, projected to reach 288 bln EUR by 2025 (163 bln EUR in 2019), boasts the presence of both international leaders and local champions. The industry is experiencing rapid growth in both domestic and export trade. To keep pace with increasing demand while ensuring cost-efficient operations, it requires a specialized, safer, more innovative, and flexible transport system for faster and more efficient transportation. Chemical distribution – Overview The Indian chemical distribution sector is primarily driven by the growth of the chemical industry and government initiatives that promote local manufacturing. It …

Production Linked Incentives (PLI) of India – Reviewing the Impact

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

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 …