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L'India today is the market that offers the most business opportunities globally and that with the highest growth rate among all the BRICs: the Indian economy, in fact, recorded a +7.6% in 2016 and in the next few years it will develop more and more consistently, stabilizing at around +7.8%, driven by the growth of the middle class, by the increase in domestic consumption and by the excellent demographic data (India is one of the youngest countries in the world ).
Based on these premises, the Young Entrepreneurs Group of Confindustria Veneto, an association that brings together companies and entrepreneurs aged between 18 and 40 from the Veneto Region and members of Confindustria, with the aim of promoting Made in Italy in the world, organized a Business Mission in the Subcontinent from 20 to 24 February aimed at understanding the business opportunities present, facilitating commercial and institutional relations between its member companies and Indian companies and supporting their business. “We cannot miss the opportunities of the Indian market – underlines Giordano Riello, president of the Young Entrepreneurs of Confindustria Veneto, leading the delegation – India, unlike the other BRIC countries, does not stop its growth path and the market prospects are extremely favourable, above all for Veneto companies. In fact, in 2015 Veneto exports to the Subcontinent recorded a spectacular +13.3%, compared to the national +10.3%, and the companies of our association report an increasingly strong interest in this market”.
The Business Mission unfolded over 5 days in the cities of New Delhi, Pune and Mumbai and saw the participation of 10 companies associated with the Young Entrepreneurs Group of Confindustria Veneto. They were held: company visits at CNH India e Reliefs India; b2b meetings with Indian companies already identified and selected previously and potentially interested in the products of the participating companies; institutional meetings at the Italian Embassy in New Delhi and at the Italian Consulate General in Mumbai.
Octagona (company that has been involved in internationalization for about 15 years and present in India with direct offices in New Delhi and Bangalore, as well as a supplier accredited by the MISE, the Emilia-Romagna Region and the Lombardy Region for the provision of internationalization services) supported the Young Entrepreneurs Group in the preparation and management of the missionespecially dealing with the selection and identification of Indian companies potential partners, and ofaction of accompaniment and organization of meetings of the 10 member companies.
The operation represents a excellent example of what Italian companies should do mainly for two reasons: theIndia can be regarded as the market of the future and the made in Italy exerts a strong influence in the Asian country, especially as regards the great demand for Italian technology, which is among the most appreciated in the Subcontinent. The implementation of a aggregation project as this represents aexcellent option for the success of the Italian system on international markets, by virtue of the characteristics of our industrial fabric.
If you want to know more about Octagona activity and if you are interested in implement a similar operation, contact us to the telephone number 059.9770184 or to the email address [email protected]: you will receive all the information you need to start your internationalization project.
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The Young Entrepreneurs of Confindustria Veneto do business in India with Octagona
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