L’India becomes a market of growing importance for Italian companies. La Premier Gentiloni's recent visit to the Asian country., only confirms how the Subcontinent represents the future market for made in Italy as well: thanks to a average annual growth which between 2014 and 2019 will touch the 7.6%, India is, among the large countries, the one with the highest rate of development and where there is all the necessary scope to launch successful projects, thanks in part to the’important reform process brought forward by Indian PM Modi (not surprisingly, India is climbing the rankings of the ’Ease of doing business”, an index compiled by the World Bank to monitor the ease of doing business in the world, and has gained as many as 30 positions over the past year). Today Italy is only the Subcontinent's 24th trading partner globally, and our companies, which have great prestige in the Indian market, hold all the cards to grow their business there.
Mecvel Ltd., a Bologna-based company with more than 30 years of experience in the production and marketing of electric linear actuators and mechanical jacks, to the point of becoming one of the main reference points in the industry, is one of them. The company, which has a new 2100 square meter production facility, a turnover of 10 million euros (in 2016, equally divided between domestic and international markets, thanks to a solid distribution network) and 48 employees, is going through yet another phase of strong expansion: in fact, in its 30th year of operation completes the opening of a branch office in New Delhi, with the aim of Consolidate and further increase its business activities in a market in which it has been actively present since 2003. The new company, officially established in August 2017 and named Mecvel Technologies Pvt. Ltd., will have to carry out crucial operations, including providing a Increasingly competent and consistent support to companies with which collaboration is already established, up to Extend its trade relations to the entire Asian continent.
To pursue one's goals, the Bologna-based company was supported by Octagona Ltd., a national benchmark for the provision of services of international business in India (thanks to a’15 years' experience and the presence of 3 direct locations located in New Delhi, Bangalore and Pune) and already an accredited provider for the Ministry of Economic Development, the Emilia-Romagna Region and the Lombardy Region for internationalization services.
This this was not the first transaction implemented by Octagona against the Bologna-based company. Mecvel, in fact, is followed For internationalization activities in India since 2013, From the first moment it decided to approach the market in a more structured way, that is, through a direct garrison on the ground: a strategic and gradual path lasted several years in which Octagona was always at Mecvel's side. Specifically. Octagona, through its Indian facilities, Managed the entire settlement process, carrying out all the paperwork, preparing the necessary documentation for opening the company in India, taking care of license registration and providing the necessary operational support. In order to ensure full operation and assist the company in its post-establishment stages as well, Octagona will continue to provide comprehensive administrative and legal support, directly assisting Mecvel's operations in the Subcontinent.
If you want to learn more about the Octagona 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 octagona@octagona.com: you will receive all the information you need to start your internationalization project.
To view the full case history click here.
To view our full press release regarding the operation click here
To follow some pictures drawn during the event:
Mohd Saim (Director & Shareholder Mecvel Technologies), Miria Bastoni (Sales Manager Mecvel) and Vishnu Krishna (COO Octagona India), during a meeting Mohd Saim and Miria Bastoni at the completion of the transaction that led to the establishment of Mecvel Technologies Pvt. Ltd.
Miria Bastoni and Mohd Saim along with part of the Octagona India team that led Mecvel's successful operation in India
Read also:
Business in New Delhi: Sistema Italia needs an innovative strategy
Pune after New Delhi and Bangalore: Octagona's third office opens in Indian market
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