The Business Mission in New Delhi, Pune and Mumbai organized to promote the internationalization of associated companies, in order to foster the growth of Made in Italy in the Subcontinent
Today the Indian market offers globally more business opportunities and it has the highest growth rate among all the BRIC countries. India’s growth rate amounted at 7.6% in 2016, and in the coming years the GDP is expected to stabilize around 7.8%, supported by an excellent raising of the middle class, increasing of domestic expenditure and an extraordinary demographic growth (India is one of the youngest countries in the world).
Taking into account this consideration, the group of Young Entrepreneurs of Confindustria Veneto, association which includes companies and entrepreneurs between 18 and 40 years old of the Veneto Region and member of Confindustria, with the aim to promote the Made in Italy in the world, has organized a Business Mission in the Subcontinent from 20th to 24th February. The main objective of the mission is to understand the real business opportunities, facilitate commercial and institutional relations between Confindustria members and Indian company. Giordano Riello, President of Young Entrepreneurs of Confindustria Veneto and chief delegation, highlights: “We must seize the opportunities of the Indian market. India, unlike the other BRIC countries, does not stop its growth path and the market prospects are extremely favorable, mainly for Veneto’s companies. Indeed, in 2015 the Veneto’s exports in the Subcontinent amounted at +13,3%, compared to +10,3 at the national level, and businesses of our association show a strong interest toward this market”.
The Business Mission has been scheduled in 5 days through the city of New Delhi, Mumbai and Pune and it has seen the participation of 10 associated companies of the Young Entrepreneurs of Confindustria Veneto. There has been business tours at CNH India e Rilievi India; meetings B2B with Indian firms already identified and selected before the business mission, potentially interested in the products of the Veneto’s companies; institutional meetings at the Italian Embassy in New Delhi, and at the General Consulate of Italy in Mumbai.
Octagona (which operates in the field of internationalization since 15 years and presents in India with two direct offices in New Delhi and Bangalore, already accredited by the Italian Ministry of Economic Development, from the Emilia-Romagna Region and the Lombardy Region for the provision of internationalization services), supported the group of Young Entrepreneurs in the preparation and management of the mission, dealing with the selection and identification of potential Indian partners, accompanying actions and organization of meetings of the 10 member companies.
The mission represented a great example of what the italian companies should do, mainly for two reasons: India can be considered the market of the future and the Made in Italy is able to exercise a strong appeal on the Indian consumers (in India there is a large demand of Italian technology, one of the most appreciated in the Subcontinent). The implementation of an aggregation project like this is an excellent option for the success of the Italian system, by virtue of what are the main characteristics of our industrial system.
If you would like to learn more about Octagona activities and if you are interested in implementing a similar operation, please contact us at the telephone number +39.059.9770184 or by email at [email protected]: you will receive all the information you need to start your internationalization project.
Some pictures taken from the Business Mission: