L'India becomes a market of growing importance for Italian companies. There recent visit of Premier Gentiloni to the Asian country, does nothing but confirm how the Subcontinent represents the market of the future also for made in Italy: thanks to one average annual growth which between 2014 and 2019 will touch the 7.6%, India is, among the large countries, the one with the highest development rate and where there is all the necessary margins to launch successful projects, thanks also to theimportant reform process carried out by the Indian Premier Modi (not surprisingly, India is climbing the ranking 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 30 positions over the last year). Today Italy is only the 24th commercial partner of the Subcontinent at a global level, and our companies, which have great prestige in the Indian market, have all the credentials to make their business grow there.
Mecvel Srl, a Bologna-based company with more than 30 years of experience in the production and marketing of electric linear actuators and mechanical screw jacks, to the point of becoming one of the main points of reference in the sector, is one of these. The company, which has a new production plant of 2100 square meters, a turnover of 10 million Euros (in 2016, equally divided between the national 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 activity, it completes the opening of a branch in New Delhi, with the purpose of consolidate and further increase its business activities in a market in which it has been actively present since 2003. The new society, officially established August 2017 and named Mecvel Technologies Pvt. Ltd., will have to perform mission-critical tasks, including providing a increasingly competent and constant support to companies with which a collaboration has already started, up to extend its trade relations to the entire Asian continent.
To pursue your goals, the Bolognese company made use of the support of Octagona Srl, a national point of reference for the provision of services international business in India (thanks to a15 years experience and in the presence of 3 direct offices located in New Delhi, Bangalore and Pune) and already an accredited supplier for the Ministry of Economic Development, for the Emilia-Romagna Region and for the Lombardy Region for internationalization services.
This it was not the first operation implemented by Octagona against the Bolognese company. Mekhevel, Indeed, is being followed for internationalization activities in India since 2013, from the first moment he decided to approach the market in a more structured way, that is through a direct presence on the territory: a strategic and gradual path lasted several years in which Octagona was always at Mecvel's side. In particular Octagona, through its Indian structures, managed the entire settlement process, carrying out all the paperwork, preparing the necessary documentation for the establishment of the company in India, dealing with the registration of licenses and providing the necessary operational support. In order to ensure full operation and assist the company also in its post-establishment phases, Octagona will continue to provide full administrative and legal support, directly assisting Mecvel's operations in the Subcontinent.
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.
To view the complete case history click here.
To view our complete press release relating to the transaction click here
Following some pictures taken 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 end of the operation that led to the establishment of Mecvel Technologies Pvt. Ltd .
Miria Bastoni and Mohd Saim together with part of the Octagona India team who led the successful Mecvel operation in India
Read also:
Business in New Delhi: the Italian system needs an innovative strategy
Pune after New Delhi and Bangalore: the third office of Octagona opens in the Indian market
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