India: our exports are growing and the opportunities for made in Italy are increasing

CURRENT OVERVIEW

In 2018, the value of Italian exports to India has reached the 4 billion euros, scoring a +11% compared to the previous year. Prospects for the next few years continue to be extremely positive (+7.9 in 2019 and +6.8 in the two-year period 2020-2022), driven by the impressive growth that is sweeping through the country. 

Nonetheless, the Italian market share of total Indian imports is limited to 1%about a third of the German share, and Italian companies do not seem to take advantage of the enormous opportunities offered by the Subcontinent, risking being relegated to a marginal role in what is preparing to become the third largest global economy in the near future and the most populous country in the world. world.

SECTORS OF MAJOR INTEREST

As mentioned, the there are many opportunities for our country in the subcontinent and the sectors that present the greatest opportunities for Made in Italy products are:

• Agribusiness and Food Processing: it is estimated that the agri-food sector in India will reach a value of 45 billion euros in 2025. Fundamental to achieving this goal will be government efforts to reduce waste in the supply chain through the Mega Food Parks project. Given Italy's leadership in the sector, the opportunities for our companies are ample: in the three-year period 2019-2022, Italian exports in the instrumental mechanics and inagribusiness they will score respectively +6,1% and +4,7%;

• Infrastructure: The Indian government has allocated over 870 billion euros for the decade 2020-2030 for an impressive plan to modernize the country's infrastructure. The railway sector alone will be affected by investments exceeding 114 billion euros, for the construction of the Ahmedabad-Mumbai high-speed line and the construction and modernization of 400 stations throughout the national territory. In the three-year period 2019-2022, these massive investments are expected to benefit Italian exports, particularly in the sectors rubber and plastic (+8,8%) And metals (+9,8%); 

• Pharmaceutical: India is the world's largest supplier of generics, with 42% of global production and 20% of world exports. With the recent reforms of the Modi government, foreign ownership of 100% of new projects (74% of already existing plants) is allowed. In the three-year period 2019-2022, Italian exports to India in the sector of chemistry will grow at an average rate of 9,3%.

OCTAGONA CAN HELP YOU

The However, companies that want to exploit the opportunities of the Indian market need a strategic approach, given the complexity of a market undergoing profound transformation and the fierce international competition. 

Octagona, with his experience of over 17 years in the country, its direct presence on site with the offices of New Delhi, Bangalore and pune and its multicultural team of Italian and Indian professionals, is able to offer you the skills and know-how necessary to do business and operate successfully on the Indian market. Octagona has also been named Knowledge Partner for the implementation of Access India Initiative programme, launched by the Indian Embassy in Rome, aimed at strengthening relations between Italy and India and supporting Italian SMEs in a business and growth path in the Subcontinent.

If you build a successful project in India and want to know more about our activities, check out our corporate video and download our company profile: you can call us at 059.9770184 or send an email to [email protected] to receive all the information you need