India has been at the forefront of emerging economies, with ambitious targets in various industries and a public policy support to facilitate ease of doing business for foreign investors and business owners. A strong youth population and a growth spurt in new industries makes India a highly competent yet business-friendly destination for Spanish companies to set up a business here.
Strong bilateral relations
Spain is India’s 7th largest partner in bilateral trade and 12th largest investor in terms of FDI
Spanish presence in India
More than 250 Spanish companies have setup in India, ranging from multi-national corporations to SMEs
Key sectors of interest for Spanish companies
Infrastructure, technology, renewable energy, and civil engineering
Indian states with major Spanish business presence
Maharashtra, Tamil Nadu, Gujarat, Andhra Pradesh, and Karnataka
Joint ventures are mostly preferred in the need of a local business partner in India for Spanish companies so that they can understand and adapt to the market better.
Wholly owned subsidiaries, limited companies, and LLPs are looked up to as options when the foreign company intends to develop a long-term presence or set up a new company in India
Project offices are preferred when the foreign company is looking to execute a given project in India, and intends to have a smooth exit after the completion of the project
While evaluating the Indian market for business expansion and to better prepare for undertaking operations in the Indian market, below are a few important aspects that should be considered
Corporate Taxes And Compliance In India
Corporate taxes in India have been a major point of consideration for investors, although the scenario has provided much-needed relief in recent times to businesses
Parameters For Ease Of Doing Business
The Government has consistently worked to improve in the ease of doing business rankings, with a catalogue of changes now enabling faster approvals and certifications
Evolving Market And Consumer Dynamics
The youth population with a general inclination towards technology has seen various new sectors evolve and present a potent market opportunity for new entrants
Public Policy And State Policy Support
Companies entering in various sectors now stand to benefit via various new sector-focused public policies as well as local state policies
As a multi-disciplinary firm, Coinmen helps companies by helping them incorporate, operate and expand in the Indian landscape. Via our specialties in financial and business advisory, we undertake a holistic approach to bridge cultural and business gaps for continual growth. Our range of services is highlighted below.
BERTA CASTELLS PUJOL
Director – Spain Business Desk
Coinmen’s Spain Business Group is being successfully led by Ms. Berta Castells Pujol, who has been working in India since 2013. Berta is an engineer and had worked with a large Spanish construction company prior to joining Coinmen.
Berta believes that with her personal experience of working in India, she acts as a bridge between India and Spanish culture and language to ensure that Spanish companies, looking to invest or trade in India have nothing but smooth sailing in their operational setups.
The group proactively works to help Spanish companies expand their operations and establish their business presence in Indian markets. Leveraging Berta’s distinguished credentials and network in the infrastructure sector, our firm is making significant strides in this sector. Additionally, the team has worked to develop capabilities in the other sectors of electric vehicles, auto-components, and renewable energy.