India has emerged as one of the world's top ten countries in industrial production. The Index of Industrial Production (IIP) quick estimates data for April 2010 shows a growth of 19.4 % in the manufacturing sector as compared to April 2009. The cumulative industrial growth during April-March 2009-10 over the corresponding period of 2008-09 is 10.9 %.

Huge English speaking work force (second only to the US), lower labor costs, cheaper raw materials, established stringent quality norms / systems across the sectors. Add to that more working days in the year (as compared to western and European countries) resulting in definite cost reduction of over 25% in domestic manufacturing.

The key attractive areas for investment are in the industrial sector besides manufacturing are R & D, Engineering Design, Prototyping, Service, Training, Specialty Testing etc.,

Tecnova Service Offering?

Tecnova has successfully assisted numerous clients to set-up or expand their operations in the fast growing India Industrial / B2B sector. From business opportunity identification to full fledged India entry. Our key clients in the Industrial sector include Houghton, ASME (USA), Actuant (USA), Chisso (Japan), Danaher Group (USA), Circor (USA), Energy Solutions (USA), Fisher Connectors (UK), GEA (Germany), Goss (USA), H & V (Germany), Haartz (USA), Hexion (USA), Hitachi (Japan), International Paper (USA), Jubilant (India), Klein Tools (USA), Kswiss (USA), Leviton (USA), Maxon Motors (Switzerland), Martec (USA), Mercor (Poland), Minitowoc (USA), Moventas (Finland), Nitto Denko (Japan), Nukem (USA), Protomold (USA), Sarens (Belgium), Schindler (France), Sick (Germany), Smartarc (Germany), Technibus (USA),

Tecnova offers following consulting services to Industrial and B2B clients:

• Formation of India legal entity – 100% subsidiary, Liaison office or Branch office
• Understanding and Analyzing India market potential and help in formulating India entry strategy and developing business plans / financial plans
• Obtaining Statutory Approvals for commencement of business – State / Central Government approvals and management of regulatory compliances
• Marketing and Sales Support to Sales teams – marketing and promotional activities, Organizing meetings with potential customers, pre-qualifying sales leads. Arranging and organizing Road shows, Seminars and Focussed Group Discussions.
• Incubation support - Advise to avoid pitfalls / mistakes for start up operations, administrative and legal support
• Selection of location or location analysis followed by site selection and finalization – for Office, Warehouse, R &D centre, Design centre, Manufacturing / Assembly, Service centre etc.,
• Identification of PR agencies - implementation of PR exercise, arranging press briefings, Press conferences, Press interactions, Media Campaigns
• HR Support including recruitment – designing of organization structure, Benchmarking compensation, Executive search of key positions, development of HR Manuals and Rule book for Indian employees
• Designing and developing distribution network - Short-listing, Selecting, Due diligence, finalization of distributor agreements and commercial terms.
• Assistance in cost effective sourcing - Identification & selection of Vendors & suppliers for contract Manufacturing, vendor audit, finalization of sourcing agreements and commercial terms

Related Links

• Consumer and Retail
• Healthcare
• Pharma
• Infrastructure
• Industrial
• Renewable Energy & Clean Energy
• Telecom & Defence