Guiding Your Growth in India During and Beyond Business Milestones

India is set to become a powerhouse in global trade, technology, and economy, with the estimated growth rate of 7% by 2047.

As the fastest-growing major economy, India offers significant business opportunities for foreign companies. Moreover, a business-friendly environment, simplified FDI rules, government schemes like Production Linked Incentive Scheme, Remission Of Duties and Taxes on Exported Products (RODTEP) etc and grants to new businesses, further promotes ease of doing business in India.

To navigate the Indian market is more than just initial setup

Even companies that have already established a presence in India recognize the need for ongoing support and advisory services. For instance, they may seek assistance with import-export procedures, GST compliance, and other back-office functions. By outsourcing these tasks, companies can streamline their operations and focus on sales and growth strategies.

To completely tap the immense potential that India offers and to effectively penetrate the Indian market across all regions, you need a trusted partner who can optimizing your supply chain. A partner who can help you navigate the supply chain challenges to solve your complexities in business and entry barriers in India.

Supply Chain Advisory: A Key Investment for Business Success

In the complex landscape of business operations, seeking supply chain advisory services is crucial for sustainable growth and efficient operations. Take for example the case of Voestalpine, which is into steel based technology and capital goods, is a high-performing Austrian company that expanded its operations to India in 2008. Despite incorporating its own subsidiary, later Voestalpine faced challenges in navigating the Indian market, particularly in areas such as BIS registration and legal advisory.

Seeking assistance from Maier Vidorno Altios was helpful in overcoming these challenges. Apart from the consulting and preparation of detailed process documentation, the team successfully conducted the investigation through Indian Authority at Austrian Manufacturing Unit on-site.

Comprehensive solutions over dedicated supply chain professional in India

There have been cases where a German company was looking to expand its operations in India through strategic supply chain management and for that, they were seeking a dependable and experienced partner to oversee their operations in the country. They were looking for someone who could run the operations seamlessly even the imports, ensure prompt customer service, possess knowledge of medical business, and effectively address challenges related to storage and material movement.

Complicating matters was a troublesome distributor who was an obstacle to the company’s growth in the Indian market.

Our experienced team achieved streamlined supply chain operations by centralizing the warehouse, optimizing processes for smoother material flow. Our approach included solutions for obtaining crucial drug licenses, managing seamless imports through the Indian subsidiary, efficient storage solutions, and in-time delivery management.

Maier Vidorno Altios stands out as a single solution provider by offering end-to-end solutions that provides supply chain advisory, legal support, tax advisory, fund-raising guidance and more.

We go beyond being just consultants; we become your partners in success

We help foreign companies build a strong business base for the establishment of a profitable sales subsidiary.

From company formation to back-office administration and supply chain administration, our outsourcing solution helped many European companies like TLT Turbo established their own strong sales and service team, built a factory-cum-office, and a good customer base for their products and services in India.

Additionally, we offer sustainable supply chain solutions that extend beyond business objectives, effectively integrating corporate social responsibility (CSR) initiatives. This includes the responsible reuse of e-waste generated within our client's facilities to benefit nearby underprivileged schools. Not only does this initiative contribute positively to the environment, but it also enables our clients to benefit from tax incentives.

Guiding your growth during business and beyond

While our formal engagement may have concluded, we still hold ourselves responsible for your business operations, ensuring that the steps taken together do not become counterproductive once you embark on your own.

If you find yourself caught in the complexities of imports and exports, entangled in certification challenges, or navigating intricate conversations with Customs House Agents (CHAs), or seeking advisory related to Electronic Cash Ledger (ECL), Authorized Dealer (AD) code, export duties, bonded manufacturing unit, or any sort of supply chain advisory, don't hesitate to reach out to our expert Shashank Verma (Vice President - Supply Chain Management, Sales & Operations Planning at Maier Vidorno Altios). He is a seasoned professional with more than two decades of expertise in business strategy, supply chain management, logistics, vendor development, procurement, and related functions.

If you are looking to expand your business operations in India and assess the health of your business in terms of sales growth, relationship management, distributor management, HR policies and more, connect with our expert Deepmala Datta (Diagnostics & Turnaround Consultant at Maier Vidorno Altios). She specialises in optimizing the performance of Indian subsidiaries for foreign companies. She has a proven track record in addressing challenges and complexities and facilitating growth.