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 …
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 …
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 …
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 …
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 …
EAC – International Consulting Expands Global Presence with New Office Launch in New York
EAC – International Consulting Expands Global Presence with New Office Launch in New YorkThe opening of EAC International Consulting’s New York City office, following its presence in Munich, Shanghai, Mumbai, and Kuala Lumpur, underscores the firm’s dedication to providing specialized, in-depth consulting services tailored to the dynamic needs of businesses navigating the complexities of the U.S. and North American markets. This expansion not only amplifies EAC’s capabilities in delivering strategic insights on USMCA-related incentives and clean energy initiatives but also reinforces its role in guiding companies through the intricacies of establishing and enhancing robust, globally integrated business operations.In an insightful …
EAC – International Consulting erweitert seine globale Präsenz mit der Eröffnung eines neuen Büros in New York
EAC – International Consulting erweitert seine globale Präsenz mit der Eröffnung eines neuen Büros in New YorkDie Eröffnung des New Yorker Büros von EAC International Consulting nach München, Shanghai, Mumbai und Kuala Lumpur unterstreicht das Engagement des Unternehmens, spezialisierte und fundierte Beratungsleistungen anzubieten, die auf die dynamischen Bedürfnisse von Unternehmen zugeschnitten sind, die sich in den komplexen Märkten der USA und Nordamerikas bewegen. Diese Expansion erweitert nicht nur die Fähigkeiten von EAC, strategische Einblicke in USMCA-bezogene Anreize und Initiativen für saubere Energie zu liefern, sondern stärkt auch die Rolle von EAC, Unternehmen durch die Feinheiten des Aufbaus und der Verbesserung …