Latest News for Western Europe (Developed Europe)
This region comprises mainly of the developed countries of Europe which dominate the European Union. This region comprises of the Scandinavian countries in the north to Spain/Italy in the South
The economy in this region is very good and vast opportunities lie for businesses to trade with India. Whilst India export products and services to this region, we import machineries and technology from this region.
Countries of Imporance in this Region
Indian Relations with the Region
India was the first This region forms the largest trading partner for India. The EU-India Co-operation agreement signed in 1994 makes India a significant partner and since 2007 a Free Trade deal for a Bilateral Broad-based Trade and Investment Agreement is being worked out to enhance the commercial relationships. The trade is not only in terms of Products or commodity market, but also India has been one of the largest providers of Trade In Services to this region.
Opportunities
The opportunities for India in this region have been vast. India is one of the 10 countries that is considered as a strategic partner to this region. It is also a privileged partner for innovation-related solutions such as energy, scientific research, environment, mobility, skills development, education, urban development, etc.,
Technology & Automation Solutions
The region is well established with various technology and automation solutions. The need of the hour in this area is the support to provide technology outsourcing services. India being the world largest Software Exporter has a very good potential in promoting their solutions to these countries. Many Indian IT companies have made their mark in these countries providing support in building technologies and automation solutions for businesses in the region.
Medical Tourism to Patients for Affordable Health Care
Whilst the region provides good medical amenities, they are always on a Queue / Ticketing system and for many prolonged illnesses, the solution is provided based on the availability or urgency need. However many patients are unable to handle the pain and the suffering of the chronic illness and hence chose to travel outside their country where affordable medical treatments could be provided. Hence India has always been considered for such treatment procedures for which many people travel to India.
Also India is well known for providing treatments for Prolonged illness and wellness & rejuvenation treatments by means of Ayurveda and Naturopathy. Many travel to India in seek of support in Ayurveda as well as for yoga. India is also the preferred destination for ayurvedic treatments.
Enabling Better Education for Students
Whilst India has been known as an education provider to many parts of the world, In this case people travel to the Western European countries for studies. Many well-known universities are housed in most of the countries in this region where many Indian students pursue many Graduate and Master Degree programs both in Technical, Medical and General Studies. These universities provide good education as well as opportunities for research and further work for a period.
Product and Commodity Exports
India has always been the provider for the region. India not only exports various products and commodities to the countries, but also imports products from these countries. Due to Free Trade Agreements, the cost of offerings have always been lower.
Top Imports from Western Europe to India
Mechanical Machinery & Appliances
Precious Metals & Jewelery
Electrical & Electronic Items
Aircraft & Space Products
Optical Measurements
Organic Chemicals
Plastics
Iron & Steel
Road Vehicles & Parts
Minerals & Fuels
Top Exports from India to Western Europe
Minerals & Fuels
Mechanical Machinery & Appliances
Organic Chemicals
Precious Metals & Jewelery
Apparel and Clothing
Electrical Machinery
Iron & Steel
Road Vehicles & Parts
Pharmaceutical Products
Footwear & Leather
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 ASEAN 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.
