Investment and Localisation Opportunities in Indian Medical Device Industry

Investment and Localisation Opportunities in Indian Medical Device IndustryIndia is ranked as the 4th largest medical device market in Asia, the industry was valued at 11.5 bln EUR in 2023 and is projected to grow at a CAGR of over 21%, reaching 46 bln EUR by 2030. The industry is experiencing a transformative phase, fuelled by robust healthcare infrastructure expansion, government initiatives, increasing per capita income, and increasing healthcare awareness. This growth is expected to lead the India’s emergence as a strategic hub for affordable and innovative healthcare solutions.Below are details of key growth drivers: Indian government’s “Ayushman Bharat” scheme …

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 …

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. …

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 …

Seizing the Opportunity: Addressing India’s Container Shortage

Seizing the Opportunity: Addressing India’s Container ShortageIndia’s current challenge of Cargo container supply gap is an opportunity waiting to be explored. India aims to reach exports of ~2 trln EUR by 2030, thereby increasing its share in global export to 10% (currently ~3%). In the last decade, India’s merchandise exports grew at an AAR of 5% reaching >400 bln EUR by 2022-23.To achieve the ambitious export goal, India is aggressively strengthening its manufacturing sector. In the past 5 years, India introduced several incentive schemes to increase domestic output, the most prominent being ‘Production Linked Incentives (PLI), targeting several strategic sectors. …

India’s Agrochemical Sector: Promising Opportunities

India’s Agrochemical Sector: Promising OpportunitiesThe Indian agrochemical sector was valued at 13 bln EUR in FY’23 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9% from FY’25 to FY’28. The industry is currently driven by government support and a growing domestic and export market.Steady growth in agrochemical exports has made India the second largest exporter, with exports valued at 5 bln EUR in FY’23. India exports to more than 140 countries, including the USA, Brazil, Japan, China, and Vietnam, which are the top five export destinations. These countries account for 65% of India’s total exports. …

India’s Union Budget – Viksit Bharat @2047

India’s Union Budget – Viksit Bharat @ 2047India’s Union Budget 2024-25 has set the extended roadmap to achieve the vision of ‘Viksit Bharat’, a developed nation by 2047. The budget highlights 9 priority areas which not only aims for inclusive growth that benefits all segments of society but also lay the groundwork for an innovation-driven economic developmentBudget 2024-25 has unveiled multiple investment opportunities to enhance domestic value addition across strategic sectors including EVs, semiconductors, electronics, solar cells, lithium-ion batteries, medical equipment, shipbuilding, and more It’s imperative to critically evaluate these opportunities to derive relevance to your business interests in India. …

Empower Your Asian Manufacturing Decisions with intelloTRAK®

Empower Your Asian Manufacturing Decisions with intelloTRAK®At EAC, we have been at the forefront of guiding clients and foreign investors through the complexities of establishing and managing manufacturing operations in China for the past three decades. While the landscape may have shifted, the demand for strategic location selection continues to stay strong – whether you’re embarking on a new venture or considering a relocation.The arena of Asian manufacturing is changing, and so are the tools you need to succeed. We are thrilled to announce intelloTRAK®, a groundbreaking digital tool that harnesses our extensive experience to empower your location search. Curious …

EAC International Consulting Leads the Conversation on CBG Offtake in Large Industries

EAC International Consulting Leads the Conversation on CBG Offtake in Large IndustriesEAC Partner Ketan Jadhav’s keynote address on „CBG Offtake in Large Industries“ sparked insightful discussions amongst industry leaders, policymakers, and stakeholders. As awareness of Compressed Biogas (CBG) explodes across India, our participation in the conference meet on July 8th and 9th in New Delhi exemplifies our commitment to driving the growth in this critical sector.Ketan’s presentation delved into EAC’s expertise, offering valuable insights on: Gas Demand Scenario in India: With the government eyeing to increase gas share to 15% in the overall energy mix coupled with slow domestic production …

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 …

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 …