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In the dynamic global investment landscape, India continues to shine as a beacon of opportunity, marked by robust FDI inflows and a favorable business environment. Let's delve into some recent updates and accolades that underscore India's allure for foreign investors. Why India is a Premier Investment Destination? *During FY 2022-23, an FDI inflow of USD 71.35 billion has been reported. In the financial year, 2023-24 (up to December 2023) FDI worth USD 51.50 billion has been reported. *Most Attractive destination for FDI in recent years *Ranked 40th in the World Competitive Index 2023 jumping 3 positions from the 43rd rank in 2021.  *48th most innovative country among the top 50 countries, securing 40th position out of 132 economies in the Global Innovation Index 2023. *India rose from 81st position in 2015 to 40th position in 2023. Whether you're a startup seeking to tap into India's burgeoning ecosystem or an established enterprise eyeing expansion opportunities, Tecnova serves as your trusted partner, ensuring a seamless journey toward success in one of the world's most dynamic economies. Embrace the possibilities, unlock growth, and embark on your Indian venture with confidence. Reach out to Tecnova today, and let's embark on this transformative journey together! To connect with our experts: https://lnkd.in/f73-Ykd Or drop us a line at enquiries@tecnovaglobal.com Video Link: https://lnkd.in/gwpFvJmH #IndiaFDI #InvestmentOpportunities #BusinessExpansion #ConsultingExcellence #TecnovaConsulting #FDI #Innovation #technology #consultingfirmindia #Tecnovaindiapvtltd #consultingfirms #indianexporters #exports #internationalbusiness #internationaltrade #marketresearch

India's supply chain and logistics industry has experienced tremendous growth and scrutiny in the last few years. Metrics such as the Logistics Performance Index (LPI) have been used to monitor India's progress. In 2023, it ranked 38th out of 139 countries. Organizing, coordinating, storing, and moving different resources to people, inventory, raw materials, and equipment between multiple places like production sites and a distribution hub is known as logistics. The PM Gati Shakti programme was presented by the Indian government in 2021. From 2024 to 2025, the primary objectives are to lower logistical costs and promote economic growth. Partnering with a trusted advisor like Tecnova, one of India's leading Supply Chain and Logistics Consulting Firms can be helpful. We help companies manage the transportation and logistics of their products from India to their global markets. So, we have the expertise to help the industry's transformational path with our knowledge. Additionally, strategic collaborations with local partners and participation in government initiatives like 'Make in India' can facilitate market penetration and sustainable growth. To read more:-  https://lnkd.in/gdNjuZ4Q To connect with Tecnova's expert drop a line at enquiries@tecnovaglobal.com #logistics #supplychainmanagement #scm #logisticandsupplychain #exportandimport #indianbusiness #manufacturing #automobileindustry #industrygrowth #supplychain #Tecnova #tecnovaglobal #industry #manufacturing2024 #plischeme #tecnova #tecnovaglobal #importfromindia #sourcing #procurement #procurementandsourcing #importexport #shippingfromindia #productmanufacture #LPI

The Indian Government’s Department of Commerce is leading efforts to identify critical infrastructure needs and strategic sectors aimed at achieving India's USD 1 trillion merchandise exports target by 2030. This initiative involves collaboration with the regional development bank for a comprehensive study. Furthermore, the Government officials underscored the significance of evaluating the nation's capacity to accommodate an estimated USD 2.5 trillion in export-import (EXIM) trade, with USD 1.5 trillion dedicated to imports. During a recent conference on resilient export logistics, Government officials emphasized India's objective to enhance integration into global supply chains (GVCs) while highlighting the imperative to bolster manufacturing capabilities. Additionally, there is an emphasis on pinpointing key export hubs and logistics nodes to conduct thorough assessments and address infrastructure gaps effectively. The ministry also draws attention to the correlation between exports and imports, exemplified by China's trade dynamics, where exports amounted to approximately USD 3.5 trillion, closely matched by imports at USD 3.2 trillion. Let's seize these opportunities and contribute to the growth story of one of the world's most promising economies! Reach us at Tecnova:- https://lnkd.in/gBWiajbC Or drop us a line at enquiries@tecnovaglobal.com #Tecnova #businessmanagementconsulting #businessadvisory #consultingfirms #tecnovaglobal #businesstransformation #Logistics #entrepreneurship #indianbusiness #businessadvisors #businessinindia #business2024 #importexportbusiness #importing #exportfromindia #emergingcountry #opportunities #DistributionPartnership #BusinessExpansion #IndianMarketEntry #manufacturingconsulting #productionfacility #facilitymanagement

As of 2024, the Indian farm machinery industry size is estimated to be around USD 16.73 billion. Additionally, it is expected that this industry will rise to USD 25.15 billion by 2029 within the next 4 to 5 years. Growing consumption, rising agricultural mechanization, and farmer incomes are the main factors driving the market for agricultural equipment. Partnering with a trusted advisor like Tecnova can be instrumental. We are known to be one of the best Agri Machinery & Equipment Industry consulting firms in India. With expertise in navigating technical innovations, fostering localized production, and implementing innovative strategies such as agricultural machine contracting, we stand ready to support the industry's transformation journey. Thus, for multinational agri-tech or farm machinery companies, this is a golden opportunity to expand operations to an almost untapped market. Read More: https://lnkd.in/gs4PFH9K To connect with our experts please visit:  https://lnkd.in/gBWiajbC Or, Drop a line at enquiries@tecnovaglobal.com #agriculturalindustry #agroindustry #agritech #manufacturingindustry #agriculturalsector #automobileindustry #oems #suppliers #sourcing #supplychain #India #Tecnova #tecnovaglobal #agriculturalmanufacturing #agriculturalequipmentmanufacturing #industrytrends #cleanenergy #makeinindia #automotive #equipmentmanufacturing #agrotech #IndianEconomy #GrowthPotential #LinkedInnews

The Indian Government is gearing up to unveil a fresh multi-billion-dollar incentive package aimed at boosting semiconductor companies. This initiative comes hot on the heels of the nearly exhausted USD 910.29 million (INR 76,000 crore) plan launched in December 2021 to support investing companies. Anticipation is high for this new package, expected to be significantly larger than its predecessor. While official announcements are pending the turnover of the new government post-national elections, preliminary work has already commenced. This new package will be a top priority for the government. With fresh proposals pouring in for semiconductor projects, it's imperative to introduce a revamped support system. As proposals mature and await government assurances, discussions are set to advance swiftly. The success of the December 2021 package, coupled with global initiatives by countries like the US and China, underscores the urgency for India to bolster its semiconductor ecosystem. The current plan offers up to 50% fiscal support for eligible display and semiconductor fabricators, a lifeline stretched thin by recent investments. An American chip manufacturer's USD 26.94 million (INR 22,500 crore) testing and packaging unit in Gujarat marked a turning point, followed by approvals for three proposals totaling nearly USD 15.58 million (INR 1.3 lakh crore) earlier this year. Now, the spotlight is on new proposals, including a ground-breaking display fab unit by the Japanese giant, poised to attract investments of up to USD 4,790.42 million (INR 40,000 crore). Additionally, Israel's chipmaker has proposed an impressive of approx USD 10,781.67 million (INR 90,000 crore) investment plan for India. Stay tuned with Tecnova for more updates on India's semiconductor revolution! To Read More: https://lnkd.in/dr4unsqb To connect with our experts drop us a line at enquiries@tecnovaglobal.com #semiconductors #semiconductor #technology #semiconductorindustry #powerelectronics #electroniccomponents #machinelearning #informationtechnology #technology #tecnovaglobal #tecnova #businessconsultingfirms #indousnews #indous #internationaltrade #internationaltrades #revolutionarytechnology #indiaentrystrategy #news #businessnews #electronics #IndiaGrowth #opportunity #engineering

Did you know that India's sporting prowess extends far beyond the cricket pitch? Let's explore the rich tapestry of this industry, brimming with innovation, growth, and global impact. Here's a glimpse into what makes it tick, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺: The numbers speak volumes! With a market size of USD 3.9 billion in 2020-21, the industry is gearing up for a monumental leap, projected to reach USD 6.6 billion by 2027. This impressive growth trajectory underscores India's emergence as a powerhouse in sports equipment manufacturing. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗹𝗮𝘆𝗲𝗿: India's sporting goods aren't just for local enthusiasts; they're making waves worldwide! As the 22nd largest exporter globally in 2022, India exported sports equipment worth USD 198 million. 60% of Goods manufactured in India found their way to international markets. This global footprint is a testament to the industry's quality and competitiveness on a global scale. 𝗘𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗘𝗻𝗴𝗶𝗻𝗲: Beyond numbers, let's talk about impact. The Sports Goods Industry is a force to reckon with when it comes to job creation, providing livelihoods to around 5,00,000 individuals across the country. This isn't just economic growth; it's social empowerment in action. 𝗦𝗠𝗘𝘀 𝗮𝘁 𝘁𝗵𝗲 𝗛𝗲𝗹𝗺: At the heart of this success story lie the Small and Medium-sized Enterprises (SMEs), driving innovation, quality, and agility in production. These dynamic players are the backbone of India's sports manufacturing landscape, showcasing the entrepreneurial spirit that defines the nation. Want to delve deeper into the world of Indian sports goods? Know more: https://lnkd.in/dRJtBpVi Or drop us a line at enquiries@tecnovaglobal.com Are you a Global Sporting Goods Company? Then join Tecnova in celebrating India's journey from the playing field to the global stage, where sports transcend boundaries and unite us all. #SportsIndustry #IndianEconomy #GlobalImpact #SportsIndustryIndia #IndiaSports #SportingExcellence #SportsManufacturing #SportsExports #tecnovaglobal #tecnova #consultingfirms #businessconsulting #indiaentry #businessinindia #doingbusiness #export #import #logistics #importfromindia #emergingcountry #businessoverseas

According to the officials, India has maintained a steady growth rate of 7% or more since the onset of the COVID-19 pandemic. Also, anticipated an 8% growth in the fourth quarter, deeming it commendable given the prevailing global economic circumstances. India is poised to play a pivotal role in driving global economic growth in the coming years. This reaffirms India's position as a key player in the global economic landscape and highlights the immense potential of its vibrant economy. As the world looks towards recovery and resilience in the post-pandemic era, India stands out as a beacon of opportunity and growth. With its young and dynamic workforce, robust digital infrastructure, and ambitious reform agenda, India is well-equipped to navigate the challenges ahead and emerge as a powerhouse of innovation and progress. At Tecnova , we are excited to be part of India's growth story and committed to contributing to its continued success on the global stage. Let's harness the potential of this dynamic economy and work together towards a brighter future for India. Know more: https://lnkd.in/f73-Ykd Or drop us a line at enquiries@tecnovaglobal.comd the world! #IndiaGrowth #GlobalEconomy #IMFInsights #EconomicOutlook #IndianMarket #BusinessOpportunities #strategyconsulting #Tecnovaindiapvtltd #Tecnova #tecnovaglobal #managementconsulting #indiaentrystrategy #newsupdate #businessupdate # #businessdevelopment #RetailBoom #ConsumerInsights #FutureOfRetail #Emergingcountry #agricultureindustry #beverageindustry #indianeconomy #manufacturingfirm #india #FutureOfRetail #Emergingcountry #agricultureindustry #beverageindustry #indianeconomy #manufacturingfirm #india #electricvehicles

According to a recent survey, almost 55% of companies prefer hiring a trusted executive search partner to recruit senior-level executives. It helps filter out individuals who are the best fit for business goals, work culture, job requirements, and long-term objectives. However, given the costs, time, and complexities involved in senior role recruitment, partnering with executive search firms in India like Tecnova can be a smart move. Over the years, this organization has recruited over 800 candidates for top leadership roles across various industrial sectors. Read More: https://lnkd.in/gpz3qA4F Connect with us and find the best candidates for your business today! https://lnkd.in/gBWiajbC To connect with Tecnova's expert drop a line at enquiries@tecnovaglobal.com #ExecutiveMatchmakers #TopTalentHunt #C-suiteConnections #ExecutiveRecruiters #CareerNavigators #StrategicStaffing #CEOHeadhunters #FindYourLeaders #ExecutiveSearchExperts #HireTheBest #TalentAcquisitionPartner #UnlockLeadership #TopTalentSourcing #C-suiteRecruitment #ExecutiveTalentPool #StrategicStaffingSolutions #InnovationAdvisors #TransformationExperts #StrategicPartnership #PerformanceOptimizers #consultingfirms #tecnova #tecnovaglobal

India's MedTech sector, with its current 1.5% slice of the global market, offers enticing prospects for investors. This is particularly due to government-driven efforts such as the PLI Scheme and Medical Devices Parks Scheme, aimed at nurturing industry growth. India is poised to solidify its position as a premier exporter of medical devices with the establishment of 13 new greenfield manufacturing facilities. Under the Production-Linked Incentive (PLI) scheme, 26 applicants have been greenlit to manufacture 138 medical device products, as announced by the Ministry of India. A recent research report reveals a 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝘀𝘂𝗿𝗴𝗲 𝗶𝗻 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗗𝗶𝗿𝗲𝗰𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 (𝗙𝗗𝗜) in India's medical device sector, reaching USD 3.4 million in the first three quarters of FY23, the highest since FY17, and a substantial increase from USD 1.9 million in FY22. India's medical device market is experiencing rapid growth, emerging as one of the world's fastest-growing markets with a 2.89 % increase in value shipments in 2022 compared to 2021. The market has maintained a robust compound annual growth rate (CAGR) of 6.35 percent from 2017 to 2022. In 2021, the domestic market exceeded a value of USD 8 billion. Analysts anticipate it will exceed USD 20 billion by 2027, demonstrating a remarkable annual growth rate of around 17%. At Tecnova, we are thrilled to witness and contribute to this monumental growth. As your trusted partner in India's Entry and Expansion, we are here to navigate the complexities and unlock the immense potential that the Indian market offers. Know more: https://lnkd.in/f73-Ykd   Or drop us a line at enquiries@tecnovaglobal.com   #IndiaMedTech #MedTech #Biotechnology #Innovation #IndiaRising #BioTechIndustry #HealthcareRevolution #BioInnovation #BioTechRevolution #BiotechAdvancements #BioResearch #BioEngineering #BioTechCommunity #BiotechLeadership #BioTechIndustry #BioTechSolutions #researchanddevelopment #consultingfirmindia #Tecnovaindiapvtltd #indianexporters #internationalbusiness #internationaltrade #marketresearch #IndiaGrowth #Bioeconomy #HealthcareInnovation

The March - April 2024 Edition of our Indian News Roundup Newsletter covers Economy and Policy Updates, Business News, Trends, Strategies, and how to implement your India entry and expansion strategies effectively !!! #IndianMarket #BusinessOpportunities #strategyconsulting #Tecnovaindiapvtltd #Tecnova #tecnovaglobal #managementconsulting #indiaentrystrategy #newsupdate #businessupdate #newslettersignup #businessdevelopment #RetailBoom #newsletter #ConsumerInsights #FutureOfRetail #Emergingcountry #agricultureindustry #beverageindustry #indianeconomy #manufacturingfirm #india #FutureOfRetail #Emergingcountry #agricultureindustry #beverageindustry #indianeconomy #manufacturingfirm #india #electricvehicles