A mid-sized German chemicals company specializing in surface finishing applications and products was already present in India for over 7 years under a Joint Venture with an Indian partner. This arrangement was under performing the market. TECNOVA was asked by the German company to help them separate from their Indian JV partner and set up their fully owned subsidiary in India.
Approach
TECNOVA provided Advisory Services to the top management of this German company to amicably separate from their India partner. A brief snapshot of the market potential was put together to help prepare a growth plan. TECNOVA helped in the incorporation of the fully owned Indian subsidiary, sought the necessary approvals from the Foreign Investment Policy Board (FIPB) and provided recruitment of key executives in India. We continue to provide advisory services to this company to ensure aggressive growth in the India market.
Case 2: - Advisory Services
German truck OEM supplier
Background
A mid sized German company that is a world leader in 5 th wheel couplings with a presence in over 14 countries including manufacturing facilities in China was closely examining a JV partnership in India.
Approach
TECNOVA advised this foreign company not to enter into a JV partnership in India but to set up their fully owned subsidiary in order to be able to truly capture the potential of the market. We continue to provide advisory services for the setting up of this Indian entity.
Case 3: Location Analysis
French World leader in Tyre manufacture
Background
French world leading company in tyre manufacture was looking to set up a manufacturing plant in India.
Approach
Location study for manufacturing plant was conducted nation wide. The study lasted over 1 year and was a combined effort of the TECNOVA team and the client which involved 10
visits to India by the top Management of the French company. TECNOVA arranged meetings for the client with top Indian political leaders to obtain special incentives for this project.
