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EU Visas are a Big Concern for Indian Companies: FICCI Survey

October 2017, 07
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The issues causing concern to Indian companies are of visas to professionals and their movement in the European Union. This is based on the finding of a FICCI survey carried out on the subject of the Winds of Change, Good Tidings and Indian Companies in Europe. 

At present, negotiations are being held to sign a Foreign Trade Agreement between the EU and India. These developments are being monitored by the stakeholders in Indian industry. It noted that, on the strength of improved economic performance, by several Europe based economies, Indian companies are in a position to benefit and register growth in a big way. They can successfully create a good position for Indian products in the continent. 

European markets by nature are demanding and organized in the world and a turnaround has been achieved by Indian corporate there. This is because of the fact of successful re-positioning and operational capabilities.  Several companies reduced their business losses in the region. 

Significantly, Europe is the largest trading partner of India. The survey noted that the present economic situation had thrown up many regulatory and procedural obstacles for Indian establishments but was also providing better returns on the investments made there.

The zeal expressed by the Indian entrepreneurs’ has helped them to benefit from the improved economic situation present in Europe today. There was a stress on more joint ventures and interactions with the European companies.

The Indian small and medium enterprises had played an effective and significant role in making new business alliances. They were successful in bringing the required technologies and operational expertise to become highly competitive. With the habit of constant skill up gradation, a momentum has been added and there are growing synergies between enterprises of the two partners. The economic recovery witnessed in Europe has made a great impact on the business being done by the Indian companies.

This will result in holding on to the present levels, expanding the footprint across the region, and in seeking a better and impressive policy framework, from European economies. There will be a simplification of the process of doing business too. With these features in place, movement of human resources to complete the existing projects, and undertaking fresh avenues in the future, would become easy. 

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