India: A Rising Star in the Global Chemical IndustryThe Indian chemical industry is experiencing steady, robust growth, with a goal to double its market share by 2030, driven by both local and global demand. This growth is further fuelled by the rising demand for specialty chemicals and sustainable materials. Foreign Direct Investment (FDI) and recent commitments toward the expansion of petrochemical complexes remain key drivers, alongside government support and demographic advantages. Together, these factors create an environment that enables foreign companies to leverage the industry, not only to meet local demand but also to serve as an export hub.Currently, the …
Navigating Southeast Asia’s Economic Renaissance: A Strategic Guide
Navigating Southeast Asia’s Economic Renaissance: A Strategic GuideIn an era of unprecedented economic reconfiguration, Southeast Asia emerges as a transformative landscape for global business. At the intersection of strategic innovation and regional economic potential, EAC International Consulting offers critical insights for companies seeking to tap into the extraordinary opportunities within the ASEAN region.Choosing the right location in Southeast Asia is a nuanced art that requires deep understanding of multiple critical factors. Our refined Location Index provides a sophisticated framework for businesses navigating this complex landscape. This framework goes beyond traditional market analysis, offering a comprehensive approach to strategic site selection. …
Transforming Regulatory Challenges: A Comprehensive Guide to EU’s Carbon Border Adjustment Mechanism
Transforming Regulatory Challenges: A Comprehensive Guide to EU’s Carbon Border Adjustment MechanismIn the rapidly evolving landscape of global trade and sustainability, the European Union’s Carbon Border Adjustment Mechanism (CBAM) emerges as a transformative policy framework that signals a profound shift in how multinational corporations approach carbon emissions and international market access. This groundbreaking mechanism represents more than just a regulatory challenge; it is a strategic imperative that demands robust, forward-thinking solutions from original equipment manufacturers (OEMs) and European importers alike.At its core, CBAM is a sophisticated policy instrument designed to address the critical issue of carbon leakage while simultaneously advancing …
Global Business Services in Malaysia: A Strategic Advantage
Global Business Services in Malaysia: A Strategic AdvantageAs businesses navigate the complexities of global expansion, many are turning to Global Business Services (GBS) to streamline operations and enhance efficiency. Malaysia, with its favourable business environment, skilled workforce, and strategic location, has emerged as a prime destination for establishing GBS centres.Building on the strengths of traditional shared services and outsourcing (SSO) models, Global Business Services (GBS) offers a more comprehensive and strategic approach. By centralizing a wider range of non-core business functions, GBS enables organizations to achieve economies of scale, improve quality, and enhance overall operational efficiency.Asia has emerged as a …
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 …
Empowering Businesses to Thrive in a Dynamic World
Empowering Businesses to Thrive in a Dynamic WorldBreakthrough innovations like Artificial Intelligence are fundamentally reshaping the global landscape. Automation, robotics and sustainable practices are addressing critical challenges like labor costs and environmental impact, while industry-disrupting technologies are paving the way for a new era. At EAC International Consulting, we understand that in this ever-evolving world, innovation is the cornerstone of excellence.China’s ascension as a global manufacturing powerhouse is undeniable. However, to maintain this momentum amidst economic fluctuations, urbanization, and demographic shifts, a strategic shift is crucial. This is where innovation steps in as the leading force for industrial transformation, driving …
Renewable Energy Vision and Manufacturing Excellence in India
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 …
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 …
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 …
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