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As we celebrate Diwali, the festival of lights that signifies the triumph of good over evil, may your journey ahead be illuminated with success and growth. Happy Diwali!! Best wishes, Team Tecnova #Tecnova #Diwali2024 #HappyDiwali #FestivalOfLights #India #CorporateDiwali #DiwaliCelebrations #Growth #Prosperity #FestiveSeason #Deepavali

𝐈𝐧𝐝𝐢𝐚’𝐬 𝐚𝐮𝐭𝐨𝐦𝐨𝐛𝐢𝐥𝐞 𝐞𝐱𝐩𝐨𝐫𝐭𝐬 have jumped by an 𝐢𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝟏𝟒% 𝐲𝐞𝐚𝐫-𝐨𝐧-𝐲𝐞𝐚𝐫 (𝐘𝐨𝐘) in the first half of FY24, marking a strong recovery from the previous year’s slowdown. During the April-September period, exports reached 2,528,248 units, up from 2,211,457 units in the same period last year. This growth was driven by the rebound of key markets like Latin America and Africa, which had faced slowdowns due to economic challenges, including currency devaluation. Now, with these markets recovering, Indian exports are back on track. In the passenger vehicle segment, exports rose by 12% to 376,679 units. An Indian subsidiary of a Japanese automaker, shipped 147,063 units, while an Indian subsidiary of a South Korean automobile manufacturer saw a slight decline in their numbers. The two-wheeler segment grew rapidly, with exports climbing 16% to reach 1,959,145 units. Both scooter and motorcycle exports showed significant growth, reflecting strong demand across international markets. While the three-wheeler segment saw a small 1% decline, the overall export performance has improved significantly compared to the previous fiscal year, positioning India as a key player in the global automotive supply chain. Are you looking to navigate the Indian automotive market? Explore how Tecnova helps businesses succeed in the dynamic Automotive sector. Read More:  https://lnkd.in/gtyYWJdY Or contact us at: enquiries@tecnovaglobal.com #AutomotiveExports #IndiaAutomotive #GlobalMarkets #ExportGrowth #TwoWheeler #PassengerVehicles #GlobalTrade #IndianMarket #LatinAmerica #Africa #MobilitySolutions #AutomotiveConsulting #ElectricVehicles #CommercialVehicles #SupplyChain #Manufacturing #MarketRecovery #GlobalExpansion #TecnovaIndia

Thailand, ASEAN's second-largest economy, has transitioned from an agriculture-driven base to a vibrant industrial and service hub. India’s “Act East” policy and Thailand’s “Act West” initiative have strengthened the historical and cultural ties between the two nations. These strategies have positioned Thailand as a crucial partner in India’s engagement with ASEAN, BIMSTEC, and other regional collaborations. By 2023, Thailand became India's fourth-largest trading partner in the ASEAN bloc. 𝑰𝒏𝒅𝒊𝒂-𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅 𝑩𝒊𝒍𝒂𝒕𝒆𝒓𝒂𝒍 𝑻𝒓𝒂𝒅𝒆 𝑶𝒗𝒆𝒓𝒗𝒊𝒆𝒘 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟒 𝐓𝐫𝐚𝐝𝐞: India exported goods worth USD 369 million to Thailand, while imports totaled USD 921 million, resulting in a trade deficit of USD 552 million. 𝐓𝐫𝐚𝐝𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: Bilateral trade increased from USD 12.14 billion in 2019 to USD 16.04 billion in 2023. Thailand's exports to India reached USD 10.11 billion, while India exported USD 5.92 billion to Thailand in 2023. 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐊𝐞𝐲 𝐄𝐱𝐩𝐨𝐫𝐭𝐬: Jewelry (silver bars, gold), machinery, metal waste, chemicals, vegetables, pharmaceuticals, aquatic animals, vehicle parts, iron and steel products, electrical machinery, and household appliances. 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐊𝐞𝐲 𝐄𝐱𝐩𝐨𝐫𝐭𝐬: Animal and vegetable fats, chemicals, polymers, precious stones, machinery, motor cars, copper, aluminum, data processing machines, air conditioning equipment, and rubber products. 𝑫𝒐𝒖𝒃𝒍𝒆 𝑻𝒂𝒙 𝑨𝒗𝒐𝒊𝒅𝒂𝒏𝒄𝒆 𝑨𝒈𝒓𝒆𝒆𝒎𝒆𝒏𝒕 (𝑫𝑻𝑨𝑨) The Double Tax Avoidance Agreement (DTAA) between India and Thailand, signed on July 29, 2015, and effective from October 13, 2015, addresses multiple income streams such as business profits, dividends, interest, royalties, capital gains, and employment income. 𝑺𝒕𝒓𝒆𝒏𝒈𝒕𝒉𝒆𝒏𝒊𝒏𝒈 𝑷𝒐𝒓𝒕 𝑪𝒐𝒏𝒏𝒆𝒄𝒕𝒊𝒗𝒊𝒕𝒚 India and Thailand are enhancing direct port-to-port connectivity. In 2019, three MoUs were signed between Ranong Port and Indian ports in Visakhapatnam, Chennai, and Kolkata to boost trade collaboration. This growing partnership highlights the robust economic ties between the two countries, paving the way for further cooperation across sectors. The bilateral relationship between India and Thailand offers significant opportunities for economic growth. By focusing on strategic sectors, both nations can enhance trade and investment, creating new prospects for businesses and individuals. Ready to explore opportunities in the India-Thailand corridor? Let us help you navigate the market. Consulting firms like Tecnova help businesses navigate international trade complexities, enhance supply chain management, and develop investment strategies that drive economic growth and strengthen cooperation between nations. To read more:- https://lnkd.in/f73-Ykd Contact us at: enquiries@tecnovaglobal.com #IndiaThailand #BilateralTrade #PortConnectivity #ASEAN #BusinessOpportunities #TradeRelations #GlobalExpansion #InvestmentStrategy #DTAA #EconomicGrowth

India is a country of immense potential, boasting a population of over 𝟏.𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐞𝐨𝐩𝐥𝐞 and a youthful demographic, with 44% of its population under the age of 25. This vibrant workforce is driving rapid economic growth, positioning India as a global technology and manufacturing hub. The rapid urbanization of the country has given rise to six megacities, creating a diverse consumer base eager for new products and services. As a result, India is increasingly attractive to international businesses looking to expand their operations. 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐁𝐨𝐨𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 With a population of over 1.3 billion and a vibrant young workforce, India is a burgeoning market ripe for global investment. 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 The unique regulatory framework and diverse cultures pose challenges but also create opportunities for tailored strategies. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: 𝐀𝐭𝐦𝐚𝐧𝐢𝐫𝐛𝐡𝐚𝐫 𝐁𝐡𝐚𝐫𝐚𝐭 India's self-reliance policy aims to foster economic growth through robust infrastructure, technology, and local demand. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐞𝐬 𝐟𝐨𝐫 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 Companies must choose their entry strategy wisely—be it joint ventures, e-commerce, or local manufacturing—to align with market demands. 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 To thrive in India, businesses should conduct thorough market research and pilot testing, ensuring their offerings resonate with local consumers. Ready to explore the vast opportunities in India? Let's craft a customized market entry strategy tailored to your business needs. Reach out to us today! To read more:- https://lnkd.in/f73-Ykd Contact us at: enquiries@tecnovaglobal.com #IndiaMarketEntry #GlobalExpansion #BusinessStrategy #AtmanirbharBharat #MakeInIndia #MarketResearch #Ecommerce #JointVentures #LocalManufacturing #GrowthOpportunities #indianmarket #Tecnova #consultingfirms #APAC #Growbusiness

Since India's economic reforms and market opening in 1991, Germany has become a key trading and investment partner. 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝟐𝟎𝟎𝟎 𝐚𝐧𝐝 𝟐𝟎𝟐𝟐, 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐨𝐯𝐞𝐫 𝐔𝐒𝐃 𝟏𝟑.𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚, primarily targeting sectors like transportation and electrical machinery. Currently, 𝟏,𝟕𝟎𝟎 𝐆𝐞𝐫𝐦𝐚𝐧 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚, 𝐰𝐢𝐭𝐡 𝟏,𝟎𝟎𝟎 𝐨𝐟 𝐭𝐡𝐞𝐦 𝐛𝐞𝐢𝐧𝐠 𝐬𝐮𝐛𝐬𝐢𝐝𝐢𝐚𝐫𝐢𝐞𝐬. German businesses can leverage India's growing economy and diverse consumer base by adopting a strategic approach, conducting thorough market research, forming partnerships, and adapting to the local culture. With India's rapidly growing economy, political stability, and favorable manufacturing landscape, now is the perfect time for German companies to explore expansion opportunities. As a trusted partner in India's market entry and expansion, we at Tecnova provide a complete range of services—from market research and regulatory guidance to joint venture facilitation and supply chain optimization. Whether you're looking to enter the Indian market or expand your operations, Tecnova is here to help you every step of the way! Ready to succeed in India? Explore how our expert consulting services can accelerate your market entry and growth. To read more:- https://lnkd.in/gSpeRVMi Contact us at: enquiries@tecnovaglobal.com #IndiaMarketEntry #GermanCompanies #BusinessExpansion #IndiaGrowth #ForeignInvestments #GlobalBusiness #ManufacturingInIndia #IndianEconomy #FDI #MarketResearch #JointVentures #SupplyChainOptimization #RegulatoryCompliance #IndiaGermanyTrade #BusinessConsulting #ExpansionStrategies #GrowthOpportunities #InvestmentIndia #TechInIndia #EmergingMarkets #IndiaEntryStrategies #StrategicConsulting #Tecnova #managementconsultingfirm

Stay updated with the latest Economy and Policy Updates, Business News, Trends, and Strategies. Discover how to Implement your 𝐈𝐧𝐝𝐢𝐚 𝐄𝐧𝐭𝐫𝐲 𝐚𝐧𝐝 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 effectively! Tecnova #IndiaEconomy #MarketTrends #BusinessGrowth #InvestmentInsights #IndiaBusiness #EmergingMarkets #ExpansionStrategies #ConsultingSolutions #EconomicDevelopment #BusinessOpportunities #IndustryUpdates #ConsumerTrends #InnovationInBusiness #GlobalExpansion #RetailGrowth #FutureOfBusiness #StrategicGrowth #MarketInsights #IndiaBusinessNews #BusinessInIndia #Tecnova

India is on its way to becoming a global semiconductor powerhouse as it aims to be self-reliant in manufacturing, with a projected market size of 𝐔𝐒𝐃 𝟖𝟎.𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟖, India is positioning itself as a key player in this critical industry, supported by the Indian Semiconductor Mission (ISM) and a USD 10 billion investment from the Ministry of Electronics and IT (MeitY). As demand for semiconductors grows, India's talent pool—bolstered by a strong education system—will be instrumental in addressing the global shortage of skilled professionals. Government initiatives like the Production Linked Incentive (PLI) scheme, Design Linked Incentive (DLI), and "Make in India" further fuel this growth, offering incentives and opportunities for innovation and manufacturing. India’s journey to becoming a semiconductor leader is just beginning, but its ambitions and resources suggest a bright future for the nation in the global tech landscape. Are you curious how your business can navigate India's semiconductor and tech market? Discover more at https://lnkd.in/gznnAhYM Contact us at: enquiries@tecnovaglobal.com #Semiconductors #MakeInIndia #Innovation #Manufacturing #Growth #Electronics #TechTrends #India #SemiconductorIndustry #TechnologyConsulting #TechSolutions #DigitalTransformation #IndianEconomy #ManufacturingExcellence #SupplyChain #TechInvestments #ElectronicsManufacturing #TalentDevelopment #ResearchAndDevelopment #FutureOfTech #SelfReliance #IndiaGrowthStory #SemiconductorInnovation #FablessStartups #TechInfrastructure #ElectronicsSector #TechLeadership #Tecnova

𝐇𝐚𝐩𝐩𝐲 𝐃𝐮𝐬𝐬𝐞𝐡𝐫𝐚 𝐟𝐫𝐨𝐦 𝐓𝐞𝐜𝐧𝐨𝐯𝐚! Today, we join millions in India and around the world to celebrate 𝐃𝐮𝐬𝐬𝐞𝐡𝐫𝐚, a festival symbolizing the victory of good over evil. In Indian mythology, Dussehra commemorates the triumph of Lord Rama over the demon king Ravana, signifying the end of darkness and the dawn of righteousness. This vibrant festival is also a reminder that perseverance and moral integrity lead to success. At Tecnova, we embrace these values of perseverance, excellence, and integrity in everything we do. May this festive season inspire us all to strive for positive outcomes in our professional and personal lives. Wishing everyone a Joyous and Prosperous Dussehra! #Dussehra #officewibes #Tecnova #FestivalOfVictory #GoodOverEvil #CulturalDiversity #festiveseason Celebrating Victory, Integrity, and New Beginnings. Happy Dussehra!  

India is fast emerging as a major player in the global manufacturing landscape, with the country’s manufacturing sector expected to contribute 𝐔𝐒𝐃 𝟏 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐛𝐲 𝟐𝟎𝟑𝟎. This growth can be attributed to various factors, including government reforms, an expanding domestic market, and a skilled workforce. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 India's government has implemented several initiatives aimed at boosting the sector. The Production-Linked Incentive (PLI) scheme alone is expected to bring in USD 520 billion in new investments across 14 key industries by 2026. Moreover, India's ‘Make in India’ campaign, which promotes domestic manufacturing, is driving substantial interest from global manufacturers looking to tap into the Indian market. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 Foreign Direct Investment (FDI) into India’s manufacturing sector surged by 76% in 2022, with notable investments in the automotive, electronics, and chemicals sectors. As companies look to diversify supply chains away from China, India is becoming a strategic choice, thanks to its large consumer base, competitive labor costs, and improving infrastructure. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 Digital transformation is reshaping the manufacturing landscape in India. Automation, Industry 4.0, and the Internet of Things (IoT) are improving productivity, while sustainable manufacturing practices are gaining traction as businesses become more environmentally conscious. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐖𝐚𝐲 𝐅𝐨𝐫𝐰𝐚𝐫𝐝 Despite the progress, challenges remain in areas such as infrastructure development, skill gaps, and supply chain management. However, with continued government support and collaboration between private and public sectors, India’s manufacturing future looks bright. To navigate these opportunities and challenges, businesses need local expertise. With deep market insights, strategic guidance, and execution support, Tecnova helps global firms establish and grow in India. Read More: https://lnkd.in/gH5WVrAh Contact us at: enquiries@tecnovaglobal.com #IndianManufacturing #ExportGrowth #ManufacturingHub #IndianEconomy #GlobalExports #PLI #SmartphoneExports #EcommerceBoom #IndianMiddleClass #CapacityUtilization #EconomicRecovery #IndiaGrowthStory #IndianExports #GVAGrowth #ManufacturingExcellence #TradeOpportunities #DigitalIndia #ProductionLinkedIncentive  #ManufacturingIndia #FDI #Industry40 #MakeInIndia #GlobalManufacturing #SupplyChain

Manufacturing is emerging as an integral pillar in India’s economic growth, driven by key sectors such as automotive, engineering, chemicals, pharmaceuticals, and consumer durables. Before the pandemic, the Indian manufacturing industry contributed 16-17% to the nation's GDP and is poised to become one of the fastest-growing sectors. With an ambition to export goods worth 𝐔𝐒𝐃 𝟏 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, India is on its way to becoming a major global manufacturing hub. The sector not only accounts for 17% of GDP but also employs over 27.3 million people, playing a vital role in national development.   The Indian government aims for manufacturing to constitute 25% of the economy's output by 2025, leveraging initiatives that enhance productivity and innovation. The machine tool industry has been a cornerstone of this growth, and with digital transformation, we are witnessing a surge in automation and process-driven manufacturing. While there are challenges such as technological limitations and outdated processes, strategies to boost workforce productivity are crucial. Understanding and overcoming these obstacles can significantly enhance the output and quality of finished products.   Stay tuned for our upcoming blog, where we will share effective strategies for improving manufacturing productivity while addressing the challenges you may face! Read More: https://lnkd.in/gK8yZamD    Or contact us at: enquiries@tecnovaglobal.com       #Manufacturing #IndiaGrowthStory #EconomicDevelopment #Automotive #Engineering #Chemicals #Pharmaceuticals #ConsumerDurables #DigitalTransformation #Automation #Industry4.0 #Productivity #WorkforceDevelopment #Innovation #SupplyChain #EconomicHub #SmartManufacturing #GovernmentInitiatives #ExportGrowth #ManufacturingChallenges #ManufacturingProductivity #tecnova