Eastern Europe

Latest News for Eastern Europe

This Pre-Communist Influence region has always been less developed nations due to the influence of communism. This region most of the times been dominated by Russia after the World War 2 where USSR had its influence Unlike their counterparts i.e. the Western Europe which are developed countries. The countries in this region have less economic dynamism and have adverse demographic trends in the region.

However with some of the countries joining the European Union favorable economies are expected. For India, these countries could be used as an entry point to reach the developed countries of western Europe with minimal or low investments compared to setting up businesses in the western countries.

Countries of Imporance in this Region

Indian Relations with the Region

Further India’s Relations with Eastern Europe have been fortified with many agreements especially in the Balkan Regions and the Czech Republic.

Opportunities

The opportunities for India in this region has been very good and fruitful. Though there is a language problem in these countries, with the participation of various business delegations both into India as well as from India has provided opportunities for businesses to generate value in bilateral trade with this region.

Technology & Automation Solutions

Whilst the economy is growing in these regions, there has been a surge in demand for Technology and Automation solutions to be embedded in their current industry. Though German/Russian technology is prominent in the region, Indian technology is preferred at various places due to its affordability.

Also with opportunities in countries like Estonia to set up a Technology-based startup at as low as Euro 100 has provided opportunities for Indian businesses to explore Eastern Europe as an entry to the entire European Continent.

The technology solutions could be implemented across industries including but not limited to Manufacturing, R&D, General Business, Infrastructure, Retail, Entertainment, Banking & Finance, Transport, etc.,

Medical Tourism to Patients for Affordable Health Care

India is not generally preferred as the destination for General Medical treatments by Eastern European countries due to their proximity to western Europe and the European Union where quality health care is provided.

However India being famous for Ayurveda and Wellness, Many people from these cold countries prefer to travel to India to get rejuvenated and cure many ailments that have been a challenge in the general medicine.

Enabling Better Education for Students

Due to easy access to other parts of Europe, Generally, students do not travel to India or Vice-versa towards better education.

Product and Commodity Exports

India has always been an opportunity provider for businesses in these areas. Whilst India imports minerals, paper, agricultural, textile, products from this region India exports spices, household items, pharmaceutical, medical equipments, food and machinery

India Support & Entry Office

Today India has become the market for the world. There is an audience for every product and every solution in India. For any business there is a market, only that we have to find the right audience. India Provides opportunities in a variety of product and service requirements and hence a good opportunity for businesses in the Eastern Europe region to setup marketing offices and products to be sold in India.

Promoting Investments

India is the land of opportunities and the government is always open to provide opportunities for companies to come and invest in the country. Tax breaks and benefits are offered for companies who wish to set up shops in India.