07 February, 2017 / Internationalization

Coveme opens branch in India with support from Octagona

A New successful project for Octagona in the Indian market. The company, a national benchmark in the field of internationalization (already an accredited supplier for the Ministry of Economic Development, for the Emilia-Romagna Region, and for the Lombardy Region) and present in India for 15 years with direct branches in New Delhi and Bangalore and associated offices in major Indian cities, has perfected the creation of Coveme India Engineered Films Pvt. Ltd., Group company Coveme.

Coveme, Industry leader in the production and marketing of plastic films and electrical insulators and in the processing of polyester films, thus entering into an important market like the Indian one and expands its business network, confirming its strong international vocation: Coveme is indeed already present in 64 countries, and can rely on two production facilities in Italy and China (in Gorizia and Zhangjiagang), a sales office in Shanghai, eleven production lines, and 2 R&D laboratories.

It is a particularly strategic and forward-looking decision, in the current context, which is particularly complex but also challenging for Italian companies, they increasingly need to expand their horizons and open themselves up to new business opportunities offered by international markets. Today, India represents one of the most ambitious markets in the entire global landscape and future forecasts indicate exponential growth for the Subcontinent, highlighted by analysts worldwide; furthermore, according to some estimates, it will be precisely India the country that in the coming years will record the highest growth globally in photovoltaics.

And it is precisely in a’strengthening optics of one's internationalization activities that Coveme has decided to undertake this new initiative, with the goal of Consolidate its presence throughout the entire Asian market and provide even more punctual and constant assistance and support to its clients..

Octagona, through its Indian facilities, handled the management of the entire settlement process:

Completing all the paperwork;
Preparing the necessary documentation for the opening of the company in India, in order to ensure its full operation;
opening a checking account implementing a coordinating activity with the bank;
taking care of registration of licenses;
providing constant operational support;
Providing ongoing assistance even in its post-establishment stages, through activities administrative and legal support.

Specifically, the company, established in Aurangabad (important city of 1.3 million inhabitants located in the state of Maharashtra), in fact will handle trading operations between the Italian headquarters, the Chinese garrison, and the Indian market concerning the photovoltaic panel sector, establishing itself as an important nerve center for Coveme's activities in Asia.

Today Octagona is configured as a true benchmark for the success of Coveme's activities India.

Strengthening and consolidating their presence in international markets, in today's complex and competitive environment, is a major challenge for large Italian companies. If you want to learn more on Octagona's operational activities and if you are interested in implement a similar operation, contact us at the telephone number 059.9770184 or to the e-mail address [email protected]: you will receive all the information you need to start your internationalization project.