Navigating the Complexity of China’s Evolving Economic Landscape: Strategic Imperatives for Multinational CorporationsDespite facing a slower-than-expected post-COVID recovery, China remains a pivotal player in the global economy, commanding impressive market shares across multiple industries. The sheer scale and influence of the Chinese market, combined with the expansion of its burgeoning middle class, underscores the continued importance of China for multinational corporations. In a nutshell, it is too large to be overlooked.However, the Chinese market is also fraught with significant challenges that MNCs must navigate, including economic slowdown, geopolitical tensions, demographic pressures, push for local replacement, and rising local competition. Rather …
Karnataka’s Investment Summit: A Strategic Economic Dialogue in Munich
Karnataka’s Investment Summit: A Strategic Economic Dialogue in MunichOn Thursday, 5th December 2024, Munich transformed into a crucible of international economic collaboration as the Government of Karnataka, alongside the Consulate General of India and EAC International Consulting, orchestrated an unprecedented „Investment Summit Business Roundtable“ that promised to redefine bilateral economic engagement between India and Germany.The event was distinguished by two pivotal presentations that wove a comprehensive narrative of investment potential, delivered by Mrs. Daniela Bartscher-Herold, Partner and Mr. Rituraj Shailendra, Principal at EAC International Consulting. Mrs. Bartscher-Herold’s „India Macroeconomic Update“ provided a panoramic view of India’s investment landscape. Her presentation …
Energizing the Future: India’s ACC landscape
Energizing the Future: India’s ACC landscapeMarket Status Quo and Regulatory Scenario: India’s ACC market is expected to be valued at 19.5 bln EUR by 2025, growing at 10.6% from 17.6 bln EUR in 2024, primarily driven by increasing prospects of end-use applications and government initiatives.Demand for ACC’s is expected to reach 220 GWh by 2030 making India an attractive market for battery manufacturers; however, India lacks strong presence across the battery manufacturing value-chain.Though India has expertise in pack assembly and recycling, critical material processing and electrode manufacturing competencies remain limited. Consequently, India imports most raw materials, including lithium, cobalt, and …
China’s Internationalization Wave: A Deep Dive into the European Market
China’s Internationalization Wave: A Deep Dive into the European MarketThe rapid rise of Chinese enterprises onto the global stage has been a defining characteristic of the 21st century. Driven by a combination of domestic market success, technological advancements, and government support, Chinese companies are increasingly expanding their operations into international markets, particularly in Europe. This influx of Chinese competition presents both opportunities and challenges for European businesses.Several factors have contributed to the surge in Chinese companies‘ internationalization efforts: As the domestic market matures, many organizations are seeking new growth avenues overseas. Significant advances in technology and innovation, has enabled them …
Discover the Untapped Opportunities in Southeast Asia’s booming FMCG Market
Discover the Untapped Opportunities in Southeast Asia’s booming FMCG MarketSoutheast Asia (SEA) is a rapidly evolving economic powerhouse, driven by its burgeoning FMCG market. With a thriving middle class, increasing urbanization, and the rise of digital technology, the region presents unprecedented opportunities for brands to expand their reach and drive sustainable growth. Our recent Market Insight explores the key trends shaping the SEA FMCG landscape, providing actionable insights for businesses seeking to capitalize on this dynamic market.SEA is experiencing robust economic growth, fuelled by factors such as domestic demand expansion, foreign direct investment, industrialization, and strong government infrastructure investments. Urbanization, …
Building a Manufacturing Powerhouse: India’s Blueprint for 25% GDP Contribution
Building a Manufacturing Powerhouse: India’s Blueprint for 25% GDP ContributionThe Indian manufacturing industry currently contributes approximately 17% to the nation’s GDP and is poised to be among the fastest-growing sectors. With the potential to reach 920 bln EUR (1 trln USD) by 2025-26, manufacturing is becoming a cornerstone of India’s economic growth, driven by key industries such as automotive, engineering, chemicals, pharmaceuticals, and consumer durables. India is on track to become a significant global manufacturing hub, aiming to export around 20% of its GDP by 2030. The growth is driven by key factors including: Vision Viksit Bharat@2047: Prime Minister Narendra …
Global Manufacturing Footprint Stress Test
Global Manufacturing Footprint Stress TestIn today’s dynamic global market, manufacturers face a multitude of challenges that can erode their competitive edge. Geopolitical tensions disrupt established supply chains, forcing companies to reevaluate sourcing strategies. Shifting customer demands require rapid production adjustments, and rising labor costs combined with tightening markets squeeze profit margins. Additionally, fluctuating currency exchange rates and the implementation of tariffs add layers of financial uncertainty. These factors necessitate a comprehensive and regular review of existing manufacturing footprints.Beyond immediate costs, a fragmented footprint can also impede success. Organic growth plus Mergers & Acquisitions often lead to a complex network of …
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 …
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, …
Two Sessions of 2024: China’s Economic Outlook
Two Sessions of 2024: China’s Economic OutlookChina’s leadership has set a moderate growth target of „around 5%“ for 2024 amidst a backdrop of considerable economic headwinds, signaling a steadfast resolve to transform the nation’s growth model. This target, announced by Chinese Premier Li Qiang at the Two Sessions meeting, underscores a commitment to stability and high-quality development despite the challenges of a troubled property sector, deflationary pressures, and a volatile global economic climate.Stabilizing Through Transformation and Emphasizing “New Quality Productive Forces” This year’s government work report emphasized the critical need for transformation in China’s economic growth model, focusing on structural …
QUALITY CONTROL ORDERS (QCOs) IN INDIA – ARE YOU GOING TO BE IMPACTED?
QUALITY CONTROL ORDERS (QCOs) IN INDIA – ARE YOU GOING TO BE IMPACTED?India being a leading importer of various products for years has been putting in several efforts to control the quality of products imported in India. The requirement of quality control has originated owing to inadequacy of products meeting the qualification requirements and their failures of meeting safety, reliability, and standard quality norms. Quality Control Orders (QCOs) have been introduced by Indian government for critical products impacting consumer safety and is expected to be expanded to other products soon. These QCOs have an impact on imported products as there …