News from MEAI
|
07.12.2023
India’s thriving economy has attracted global attention, presenting enticing opportunities for foreign investors. Leading the G20 nations in economic expansion, India boasted a remarkable 7.2% growth in the fiscal year 2022-23 and is poised to sustain this momentum with a projected GDP growth rate of 6.9% in 2023-24.
As the top economy in the European Union, Germany’s strategic involvement with India boosts this economic upswing. Bilateral trade between the two countries spans across various sectors such as automobiles, engineering goods, chemicals and machinery, significantly contributing to their GDPs.
A key factor driving these expanding trade relations is India’s abundant labor market. With a large pool of skilled and cost-efficient workers, India is an appealing destination for German companies aiming to optimize their operations.
Furthermore, the evolving dynamics of the global market highlight the growing importance for German companies to establish or expand their operations in India. The growing middle class, rapid urbanization and government initiatives to improve the business environment create favorable conditions for foreign enterprises.
India’s expanding domestic consumer market has caught the attention of multinational corporations across various sectors. Recognizing this immense potential, an increasing number of German companies are establishing subsidiaries, manufacturing units and research and development centers in India to seize upon market opportunities.
The strategic necessity for German companies to strengthen their presence in India is underscored by shifting global trade dynamics and geopolitical realities. As supply chains and trade routes undergo recalibration, India emerges as a key player, offering access to dynamic markets in South Asia and beyond.
By establishing a firm foothold in India, German firms not only tap into a vast consumer base but also position themselves strategically to navigate the complexities of the global marketplace.
As India continues its path to become a global economic force, the symbiotic relationship with Germany is poised to shape the future trajectories of both nations.
Departer – The Know-Who People specializes in supporting companies in India to help companies find top leaders for their Indian subsidiaries. Our expertise and network in India ensure successful placements tailored to your business needs. Trust Departer to navigate the Indian market and secure the right talent for your success.
Learn the latest about us and our projects around the world.
To never miss an opportunity, subscribe to our newsletter.
The economic outlook for Saudi Arabia remains positive, with continued momentum expected in diversification efforts and economic reforms. German, Swiss and Austrian companies can capitalize on emerging opportunities in the following ways: While opportunities abound, German, Swiss and Austrian companies must navigate cultural differences, regulatory complexities, and geopolitical risks. Additionally, ensuring compliance with local laws […]
Departer´s CEO & Co-Founder Norman Sterz and Regional Manager ANZ Sabina Langenhan Are Strengthening German-Australian Business Ties We are proud to announce the appointment of Norman Sterz, along with Brisbane-based Sabina Langenhan, as the Australian representatives of the prestigious German Association for Small and Medium-sized Businesses (BVMW International). In this role, Norman and Sabina will […]
China is updating its rules for companies and one big change is how they involve employees in decision-making. Starting July 1, 2024, companies with over 300 employees must include employee representatives in their management teams. This is a departure from the old rule, which mainly applied to state-owned companies. Now this will impact not only […]
Departer is a leading German Executive Search company with more than two decades of experience in multinational leadership recruitment. We specialize in placing executives in medium-sized enterprises and private equity portfolio firms across DACH, MEAI, ASIA and ANZ. Our in-depth understanding of the DACH economy forms the cornerstone of international success stories. Contact Departer today […]
From our market expert ANZ Sabina Langenhan – she interviewed Stefan Augustin (Investment Director for Trade and Investment Queensland) […]
Valuable Insights from the CEO of AHK – Interview with Oliver Oehms, CEO of the German Emirati Joint Council for Industry & Commerce (AHK). Marie-Christin Gabel, our Managing Partner MEAI, conducted an interview […]
In today’s dynamic job market, HR Managers play a pivotal role in shaping an organization’s success by attracting, hiring and retaining top talent. …
As we celebrate Labour Day, it’s time to pause and celebrate the heartbeat of our organizations: Our workforce, our employees! At Departer – The Know-Who People, we’ve seen firsthand the transformative power of strong HR leadership, especially after our recent Conference in Rome, where we had the privilege of meeting all incredible team members face-to-face […]
Valuable insights for german-speaking companies: An interview with Senior Vice President of WIKA, Tino Reppe […]