In the coming years, the Indian government will invest hundreds of millions of funds for infrastructure construction, which will provide a lot of opportunities for the development of Chinese companies in India. Data from the Federation of Indian Industry shows that in 121 manufacturing industries, 41 industries are expected to grow by 20%, especially in the air conditioning, tractor, fertilizer, construction equipment and tire industries. The Indian government has implemented free approval procedures for foreign investment in its engineering industry and has offered tax incentives for related imported equipment.
Ernst & Young's data shows that in 2011, foreign investment in India's renewable energy sector increased by 105%. The construction of roads and expressways in India has also developed rapidly. The development of the real estate industry has provided foreign investors with huge investment opportunities. According to a report published by PricewaterhouseCoopers, “The Emerging Trends of the Asia-Pacific Real Estate Industry in 2011â€, it is a good choice to invest in real estate in Mumbai, India, and New Delhi in 2011. China and India have very strong complementarities in their comparative advantages in the international market. China and India are both the fastest growing countries in the economy and large energy demanders, and have a greater dependence on overseas oil and gas resources. With the deepening of the strategic cooperation between the two countries, the pace of strategic cooperation in the energy sector between China and India is also gradually increasing.
The accelerated development of India’s entire industry has further driven the traditional industries such as cotton and linen textiles, sugar refining, oil extraction, and tobacco production to the emerging industries of chemistry, energy, machinery and electronics. In recent years, the size of the automobile and motorcycle industries in India has rapidly expanded, stimulating domestic consumer demand for automobiles, motorcycles and parts, machine tools, and the electronics industry; China and India have great similarities in the low-end traditional chemical trade. Qualitatively and competitively, India’s trade in chemical products with China has been in a deficit, which can easily lead to trade frictions; India’s power supply can hardly keep up with its economic development, large-scale blackouts have become normal, and domestic power generation equipment manufacturers can’t meet growing demand. The market demand, power generation equipment market has great potential. However, in order to reverse the trade deficit with China, the Indian government is planning to impose high tariffs on power equipment from China. This should cause us to pay high attention.
In short, whether it is India's traditional industries or emerging industries, there are huge market development opportunities for Chinese companies.
1. Cars, Motorcycles and Parts
India is one of the countries with the fastest growth rate of global automobile sales, and it is also one of the world’s largest automobile production countries. In 2010, the Indian automobile industry reached 48 billion U.S. dollars. By 2016, India is expected to become the world’s seventh largest car producer. According to statistics, in 2010/2011, India’s automobile production was close to 3 million, and motorcycle production reached 133.76 million, which was a year-on-year increase of 27%.
In recent years, India has attracted international automobile manufacturers to purchase in India with relatively low labor costs (10% to 20% lower than the United States, 50% lower than Europe) and the advantages of national language, competence, and expertise. automobile parts. India's auto parts industry takes Europe as the largest export region, exports to Europe account for about 30% of its exports; the second largest export area is Asia, accounting for 20%; North America as its third largest export area, accounting for It is 10%.
India is committed to becoming a global automotive and parts manufacturing center. It is estimated that by 2016, the output value of the Indian automobile and parts industry will achieve the target of 10% of the gross national product, and will create 25 million jobs for the country. The Indian Auto Parts Manufacturers Association predicts that by 2015, the potential turnover of automotive parts and components in India's auto and auto parts market will reach 40 to 45 billion U.S. dollars, making India an important global automotive and parts market. .
India's automobile and parts industry is mainly concentrated in the following areas: Gurgaon in the north, Pune in the west, Chennai in the south, Calcutta in the east, and Indore in the central part. About one-third of the automotive and parts manufacturing companies are located in Chennai and surrounding areas in Tamil Nadu.
With the exception of Hyundai Motor Co., Ltd. (located in Chennai, southern India, with an investment scale of 522 million U.S. dollars), Ford, Japan’s Mitsubishi, German BMW, Nissan-Renault and other international large-scale automobile and parts manufacturers are located in Chennai and its The surrounding area has a production base. Chennai also formed a complete industrial cluster for the supply chain of automobiles, motorcycles, and spare parts because of the booming automobile industry, plus the entry of major car companies and supporting manufacturers. In addition, Pune near Mumbai has also become India's production base for automobiles, motorcycles and spare parts. The major car makers are Bajaj Motors India, Tata Motors India, DaimlerChrysler Motors, and Mercedes. Desi-Benz Motors is located here. In the Gurgaon area, there are car maker Maruti Suzuki and Hero, Honda, the world's largest motorcycle manufacturer.
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