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Wisconsin companies can help supply Indian manufacturers with machinery and technologies
It is already the fourth-largest medical device market in Asia, and is growing at a rate of 28% annually.
A government focus on expanding digital infrastructure and digital empowerment of citizens creates opportunities for Wisconsin companies.
The country is already the world's third-largest consumer of electricity, and is adding capacity under the "Power for All" initiative.
The industry supports several other key sectors, including automotive, construction, consumer goods electronics and health care.
Coupled with rapid economic growth, these reforms are raising the country's profile as an economic powerhouse.
The industry's rapid growth presents opportunities for Wisconsin companies.
The government aims to add 200,000 more kilometers over the next five years, as well as restoring or replacing 147 bridges.
Wisconsin suppliers of food processing equipment, as well as providers of production, processing, packaging, technology, storage, logistics and retail, will find opportunities in the market.
India is already the world's third-largest producer of electricity, and will need to increase production—and rely heavily on renewable energy—to achieve the goal of providing 24/7 power for all homes, factories, businesses and agricultural operations within one year.
Indian Railways is the fourth-largest railway system and the seventh-largest employer in the world, and will see a projected $131 billion in investment in the next five years.
The sector is experiencing double-digit growth that is expected to continue for at least the next five years.
With more liberal regulations than the rest of the country, these zones were created by the Indian government to attract investment and promote export-led growth.
The Indian government is focusing on developing logistics and transportation and is seeking increased international investment.
To encourage domestic product, 100 percent foreign direct investment is allowed under the automatic route; India currently imports paper from the U.S. and Europe as well as the UAE and Singapore.
With a growing consumer appetite for fitness, the sector is growing at 20 to 30 percent per year.
Less than 20 percent of residential wastewater and less than 60 percent of industrial wastewater is currently treated.
Sectors of opportunity include energy, water, waste and transportation.
The government has lifted restrictions on foreign direct investment in several key areas to help the sector grow to meet the needs of India's population.
The reforms are already working to increase foreign direct investment.
Wisconsin suppliers of equipment such as cranes and forklifts will find ample opportunities as the industry continues to grow.
The industry continues to grow rapidly, driven primarily by pharmaceuticals, foods and beverages, and provides opportunities for Wisconsin companies.
A November workshop explored how both India and the U.S. will increase generating capacity and expand their grid.
100 percent foreign direct investment is allowed, with both the quick service and fine dining segments presenting opportunities.
India imports 90 percent of its weapons and military equipment, and recently created a new framework for foreign companies to partner with Indian firms.
Opportunities for Wisconsin companies to contribute to the growth of India's machine tool industry
Despite tensions, a June meeting between President Trump and Prime Minister Modi led to agreements in areas including trade and investment, defense, immigration, energy, entrepreneurship and fighting terrorism.
The new policy, which takes effect July 1, will eliminate taxation differences among India's states.
Even as its population continues to increase, India is working to provide all of its inhabitants with clean drinking water and wastewater treatment.
India's automotive industry is on track to become the fourth-largest globally by 2020.
The Indian government is focusing on opening new airports and making flying affordable for the average citizen.
Opportunities for Wisconsin suppliers of building products and services, construction, architecture, engineering, design, building materials and equipment
With an ultimate goal of reducing corruption and tax evasion, the policy change is triggering short-term disruption in an economy that is largely cash-based.
Local production is insufficient to meet current demand, and that gap is only expected to grow.
With production costs subsidized by the government, the industry is successfully winning a large share of the satellite manufacture and launch market, representing an opportunity for Wisconsin companies in aerospace to contribute components and subsystems, designs, technology, parts and accessories.
With growing incomes, the country will be working to bring the number of doctors and hospital beds up to global standards, and will need to rely on imports to fuel growth in many parts of the sector.
Plastics is one of the fastest growing industries in India and is playing a vital role in the Indian economy. India is a growing market for plastics, consuming about 12.8 million metric tonnes (MMT) of plastics annually, compared to global consumption of 285 MMT annually. India has about 30,000 processing units (about 75 percent are small-scale) with 113,000 processing machines, creating an annual manufacturing capacity of 30 MMT.
Agriculture is playing an important role in the growth of India’s economy. Over 58 percent of rural households depend on agriculture as their principal means of livelihood. The agriculture and allied sectors contribute 16 percent to the Indian GDP. India is the world’s largest producer of spices, pulses, milk, tea, cashews and jute, and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton and oilseeds.
India produces around 62 million metric tons (MMT) of solid waste every year, out of which 7.9 MMT is hazardous waste, 5.6 MMT is plastic waste, 1.5 MMT is e-waste, 0.17 MMT is biomedical waste and the balance of 46.83 MMT is contributed by various other types of waste.
India’s construction sector is one of the fastest-growing in the world. The sector contributes nearly 7 percent to India's GDP, and is expected to emerge as the third-largest in the world by 2025, which creates a huge demand for construction equipment in the coming years. The construction equipment industry’s revenue is valued at $6.5 billion, and is expected to reach $15 billion by 2020.
Aiming to gain global recognition, India’s government has launched the “Make in India” initiative to promote India as a manufacturing hub. India ranks sixth among the world’s top manufacturing countries, with China topping the list, followed by the U.S., Japan, Germany and Korea.
India’s finance minister unveiled the national budget for fiscal year 2016-17 last month, calling for total expenditures of $295 billion—$82 billion in planned expenditures and $213 billion in unplanned expenditures. Find key highlights in this post.