India's trade agreement - an analysis
The VDMA India Office has analysed and summarised India's existing trade agreements with important partner countries. Interested companies can thus record the respective conditions for imports and exports to and from other markets and take them into account in their business activities.
The internationalisation of the German mechanical engineering industry continues to progress. At the same time, the business environment is becoming increasingly complex as bilateral and regional trade agreements increase. This also applies to the Republic of India. For the German capital goods industry, the subcontinent is the largest export market in South Asia and at the same time the recipient of the highest investments in our industry.
Around 550 VDMA member companies are already active there under their own names and the interest continues. In this context it is not only important for companies to know the local conditions. India wants to integrate itself more and more into the world markets and in particular increase its export share in the global business. In this context, it is essential for locally active companies to gain an overview of the respective parameters of India's trade agreements with partner countries.