India: our exports grow and opportunities for made in Italy increase

CURRENT PANORAMA

In 2018, the value of Italian exports to India has reached i 4 billion, scoring a +11% compared with the previous year. The outlook for the coming years continues to be extremely positive (+7.9 in 2019 e +6.8 in the 2020-2022 biennium), driven by the impressive growth the country is experiencing. 

Nevertheless, 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 be taking advantage of the enormous opportunities offered by the Subcontinent, risking being relegated to a marginal role in what is poised to become the third largest global economy and the most populous country in the world in the near future.

THE AREAS OF GREATEST INTEREST

As mentioned, the opportunities for our country in the Subcontinent are many and the sectors with the greatest opportunities for Made in Italy products are:

• Agribusiness and Food Processing: the agribusiness sector in India is estimated to reach a value of 45 billion euros in 2025. Crucial 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 vast: in the three-year period 2019-2022, Italian exports in the instrumental mechanics and in the’agribusiness will score respectively +6,1% e +4,7%;

• Infrastructure: The Indian government has allocated more than 870 billion euros for the decade 2020-2030 for a massive plan to modernize the country's infrastructure. The railway sector alone will see investments in excess of 114 billion euros, for the construction of the Ahmedabad-Mumbai high-speed rail link and the construction and modernization of 400 stations throughout the country. In the three-year period 2019-2022, these massive investments are expected to benefit Italian exports, particularly in the following sectors rubber and plastic (+8,8%) e metals (+9,8%); 

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

OCTAGONA CAN HELP YOU

Le companies that want to take advantage of opportunities in the Indian market, however, need a strategic approach, given the complexity of a deeply changing market and fierce international competition. 

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

If you want to build a successful project in India and want to learn more about our activities, check out our corporate video and download our company profile: you can call us at the number 059.9770184 or send an email to octagona@octagona.com to get all the information you need