Business Opportunities from India:
Apart of India Inviting Investors in all the sectors, Indian business societies has lot to offer to Kosovo businessmen / association organization.
Kosovo Businessmen can be benefited in sector of
The Indian IT sector is poised to become to a USD $225 billion industry by 2020. The industry has played a significant role in changing the bureaucratic economy to a land of innovative entrepreneurs and global players in providing world class technology solutions and business services. The IT sector has become one of the most significant growth catalysts for the Indian economy. The industry has also positively influenced the lives of people by actively contributing both directly and indirectly towards socio economic parameters like employment, standard of living and diversity.
IT industry in India is a key part of the country’s economy. In 2013, information technology and its various subsectors represented 8 percent of the nation’s overall GDP, making it the fifth largest industry in India
More importantly, the industry has led the economic transformation of the country and altered the perception of India in the global economy, by having all major Indian CEO’s ruling the IT sector like- google, Microsoft, facebook, etc . India's cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market. However, India is also gaining prominence in terms of intellectual capital with several global IT firms setting up their innovation centres in India
Kosovo needs to explore IT industry to give boost the employment growth and a up scaling rise to the country’s economic growth.
Some of the major developments in the Indian IT and ITeS sector are as follows:
India ranked ninth out of the 14 countries in the latest report of the Korn Ferry Digital Sustainability Index (DSI), outperforming countries such as China, Russia and Brazil.
India is the topmost offshoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. US$ 150 billion Indian IT industry’s export revenue to grow at 7-8% and domestic market revenue is projected to grow at 10-11 per cent in 2017-18.
India plans to create wireless Technology 5G by the end of the year 2020 which will help India in realising its most important goals of “Increasing the GDP rate”, “Creating Employment” and “Digitizing the Economy”.
India's exports jump 25.7% in September 2017
As of 2017 total exports revenue was $275.8 billion with main industries:
3. Food Processing
10. Automobiles and parts
11. Transportation equipment
For sure there is lot more to Interest from India for Kosovo Businessmen
Well as an entrepreneur you need to keep updated about the emerging and growing industries and business opportunities in India, especially since last couple of years after inaugurating some good initiatives and new policies by our Indian government. As a result of this, there is lot of new industries showing the remarkable growth and contributing in the growth of economy.
So let’s find out the India's 5 fastest growing industries:
Make In India:
Make in India, a type of Swadeshi movement covering 25 sectors of economy, was launched by the Government of India in 25 September 2014 to encourage companies to manufacture their products in India. http://www.makeinindia.com/sectors
The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
The food industry, which is currently valued at US$ 39.71 billion, is expected to grow at a Compounded Annual Growth Rate (CAGR) of 11 per cent to US$65.4 billion by 2018.
Tourism & Hospitality Sector (including Travel and Hospitality services such as hotels and restaurants) has been universally recognized as an agent of development and an engine for socio-economic growth. According to WTTC’s India Benchmarking Report 2015, every USD 1 million in Travel and Tourism spending in India generates USD 1.3 million in GDP.
In November 2016, the e-Tourist Visa (eTV) scheme, which was launched on November 27, 2014 for nationals of 43 countries, was renamed to e-Visa scheme with three sub-categories i.e. ‘e-Tourist Visa’, ‘e-Business
Visa’ and ‘e-Medical Visa’. ndia’s travel and tourism industry has huge growth potential. The tourism industry is also looking forward to the expansion of E-visa scheme which is expected to double the tourist inflow to India. India's travel and tourism industry has the potential to expand by 2.5 per cent on the back of higher budgetary allocation and low cost healthcare facility, according to a joint study conducted by Assocham and Yes Bank.
Foreign Tourist Arrivals (FTAs) in India increased 14.4 per cent year-on-year to 1.005 million and the number of FTAs on e-tourist visa increased 56.2 per cent to 214,000 in November 2017, as per Ministry of Tourism, Government of India.
International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.*
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. The second-largest sub-segment of the services sector comprising trade, repair services, hotels and restaurants contributed nearly US$ 295.7 billion or 19.2 per cent to the Gross Domestic Product (GDP) in 2015-16, while growing at 8.9 per cent year-on-year. The industry is expected to generate 13.45 million jobs! across sub-segments such as Restaurants (10.49 million jobs), Hotels (2.3 million jobs) and Travel Agents/Tour Operators (0.66 million). India has moved up 13 positions to 52nd rank from 65th in Tourism & Travel competitive
As we all know that India is the biggest contributor to the world for giving best doctors globally, whether it is india, USA, UK, Europe or any country. India's competitive advantage lies in its large pool of well-trained medical professionals. India is also cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe.
Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players.
Kosovo does need support in having more optional medical support for the citizens with specific diseases like diabetes, cancer, surgeons and specialist doctors.
India’s healthcare sector has been growing rapidly driven by a number of factors such as increasing the average life expectancy and average income level and rising awareness for health insurance. The Indian healthcare industry, which comprises hospitals, medicines, infrastructure, and medical devices, outsourcing telemedicine, health insurance and medical equipment has reached US $100 billion by 2015
Healthcare has become one of the India’s largest sectors both in terms of revenue and employment. Revenues from the healthcare sector account for 5.2 percent the GDP, making it the third largest growth segment in India.
The Indian government plans to invest US$ 177.22 million across the golden quadrilateral (GQ) project, to develop nearly 140 trauma care centers on the 6,500 Km long north-south and east-west corridors.
The hospital and diagnostic centres attracted Foreign Direct Investment (FDI) worth US$ 3.59 billion between April 2000 and March 2016, according to data released by the Department of Industrial Policy and Promotion (DIPP).
Education & Training
India holds an important place in the global education industry. The country has more than 1.4 million schools with over 227 million students enrolled and more than 36,000 higher education institutes. India has one of the largest higher education systems in the world.
India has become the second largest market for e-learning after the US. The sector is currently pegged at US$ 2-3 billion, and touched US$ 40 billion by 2017. The distance education market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of around 34 per cent during 2013-14 to 2017-18.
The Indian Retail Industry is the largest among all the industries, accounting for over 10 per cent of the country’s GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market.
Indian retail is expected to grow 25 per cent annually. Modern retail in India is worth US$ 175-200 billion by 2016. The future of the India Retail Industry looks promising with the growing of the market, with the government policies becoming more favorable and the emerging technologies facilitating operations.
FACTS AND EXTRA DETAILS:
i. India has been the world's largest producer of milk for the last two decades and contributes 19 per cent of the world's total milk production.
ii. India is emerging as the export hub of instant coffee which has led to exports of coffee increase 17 per cent in calendar year 2017 to reach US$ 958.80 million.
iii. India topped the list of shrimp exporters globally in 2016 with exports of US$ 3.8 billion which are expected to double to US$ 7 billion by 2022.
iv. Total area in India, sown with rabi crops reached 61.79 million hectares in January 2 2018.
v. India is the second largest fruit producer in the world. India's horticulture output reached 300.64 million tonnes in 2016-17 and is expected to reach 305.43 million tonnes in 2017-18.
vi. Agricultural export constitutes 10 per cent of the country’s exports and is the fourth-largest exported principal commodity. Agricultural exports from India reached US$ 24.66 billion during April-November 2017 with exports of basmati, buffalo meat reaching US$ 2.61 billion and US4 2.76 billion, respectively.
vii. India is the largest producer, consumer and exporter of spices and spice products. Spice exports from India grew by 6 per cent year-on-year between April-September 2017 to US$ 1.37 billion.
viii. Dairy sector in India is expected to grow at 15 per cent CAGR to reach Rs 9.4 trillion (US$ 145.7) billion by 2020.
ix. The online food delivery industry grew at 150 per cent year-on-year with an estimated Gross Merchandise Value (GMV) of US$ 300 million in 2016. The sector grew 15 per cent every quarter during January-September 2017.
India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste.
The Indian renewable energy sector is the second most attractive renewable energy market in the world. The country ranks fourth in the world in terms of total installed wind power capacity. the focus of Government of India has shifted to clean energy after it ratified the Paris Agreement. With the increased support of government and improved economics, the sector has become attractive from investors perspective and India ranked second in Renewable Energy Attractive Index 2017.Renewable energy has the potential to create many employment opportunities at all levels, especially in rural areas.
Kosovo has one more sector to create employment and sustainable growth towards the economy , if they focus on Energy business opportunities and welcoming ventures in power plants and other source of energy. In current scenario kosovo needs affordable and reliable energy. The country’s current electricity system is outdated, inadequate and undependable – posing significant challenges to economic growth and development. Frequent power outages hinder investment and disrupt manufacturing, education, and health services. Many citizens still burn firewood and coal for heating and cooking, which generates air pollution that in turn causes respiratory and other health problems. Without a reliable, affordable, and sustainable electricity supply, foreign and domestic firms are reluctant to invest in Kosovo and create jobs. In association with Indo-Kosovo Chamber of commerce this sector can flourish for sustainable growth.
India ranks third among 40 countries in EY’s Renewable Energy Country Attractiveness Index, on back of strong focus by the government on promoting renewable energy and implementation of projects in a time bound manner.
India has moved up 73 spots to rank 26th in the World Bank's list of electricity accessibility in 2017, according to Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, Renewable Energy and Mines, Government of India.
Today, Indian manufacturing companies in several sectors are targeting global markets and are becoming formidable global competitors has emerged as one of the high growth sectors in India. Many are already amongst the most competitive in their sectors.
Indo-kosovo Chamber of Commerce would like to share some fact and figures of manufacturing industry.
Automotive: India is expected to become a major automobile manufacturing hub and the third largest market for automobiles by 2020, according to a report published by Deloitte. India is currently the seventh-largest automobiles producer in the world with an average annual production of 17.5 million vehicles, and is on way to become the fourth largest automotive market by volume, by 2015.Engineering: The Indian
Engineering sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors of the economy, is of strategic importance to India’s economy. Growth in the sector is driven by various sub-sectors such as infrastructure, power, steel, automotives, oil & gas, consumer durables etc.
Top Manufacturing companies in India - Amul, bajaj Auto, Hindustan Unilever limited, godrej group, Dabour india limited, TVS motors, larsen & turbo
The Gross Value Added (GVA) at basic constant (2011-12) prices from the manufacturing sector in India grew 7.9 per cent year-on-year in 2016-17, as per the first revised estimates of annual national income published by the Government of India. Under the Make in India initiative, the Government of India aims to increase the share of the manufacturing sector to the gross domestic product (GDP) to 25 per cent by 2022, from 16 per cent, and to create 100 million new jobs by 2022. Business conditions in the Indian manufacturing sector continue to remain positive