India offers great potential to foreign companies as a production location and growing sales market: The metropolis of Chennai is particularly attractive thanks to well-trained skilled workers, excellent logistical connections and a wide range of funding opportunities. Arne Bockentin, Trade Lane Manager India at Hermes International and Krishnan Viswanathan, Chennai Brand Manager at the Indian freight forwarder Jeena – a long-standing local partner of Hermes Germany – introduce the region as an up-and-coming location.
India offers companies interesting business opportunities as a procurement and sales market. Yet what are the local peculiarities to be expected in this unique business environment? We shed light on India’s economic structure and explain which cost-saving customs procedures are available.
Companies are well advised to develop alternative procurement markets and to solve any dependencies that may have arisen. India can be a profitable market…