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India’s growth picture is as clear as glass for Saint Gobain

Purva Marwaha - 15-févr.-2018 11:23:20
Saint Gobain, the French maker of plasterboard and glass, is betting big on the Indian market and is aiming to triple revenues in the next ten years to ₹20,000 crore, its chairman said. “India is one of the fastest growing countries for Saint Gobain. India is the number one country for us — even more than China,” Pierre-Andre De Chalendar , chairman of the Saint-Gobain Group, told ET in an interview recently. About €130 million, or 10% of Saint Gobain’s investment capex, find their way into India that contributes only 2% of its sales. The share of India in total manufacturing is around 4%, he added. The last three years have seen the French company plough back all the profits it made in India to grow its business here. Chalendar is encouraged by the proactive reforms undertaken by the Indian government. “There has been a progressive reduction in bureaucracy. The tax reforms of last summer have been good. So, I am positive about the economic climate in India. It’s improving and I am confident that it will continue to improve.” Saint Gobain was set up in France in 1665, and made glass for the French King Louis XIV. It is present in India through three entities. “…at the moment in terms of growth capex, India is the number one country for us, even more than China,” Chalendar said.   Recommended By Colombia The company has grown by 19% since 1996 when it started operations in India through its listed company Grindwell Norton BSE 0.78 % (GNO). Over the years, capital expenditure for growth in the country has been the highest in all the countries that it has businesses in, amounting to around $100 million in the last few years. “Most of our investments in India have been funded by our existing company in India. It is a sign of the strength of our Indian business. So, we plough back all our profits in India. We haven’t sent money out of India for the last few years now. The cash that we generate, we invest back,” Chalendar added. In India, its biggest investment is in the glass business. It is the market leader in making glass for buildings, automotive windshields etc, and value-added glass like coated glass. The other business is gypsum plasterboard which is in the materials space and abrasives, refractories, high-performance plastics etc. “It is a sign of the strength of our Indian business,” Anand Mahajan, chairman of Saint Gobain Group in India, told ET in the same interview. Mahajan has been steering the group since its inception in India and leads a wholly Indian team in a French company, a fact that Chalendar takes pride in while talking about the glassmaker’s key successes in India. What gives Chalendar the confidence to bet on India is the rising demand that the company is seeing from its glassmaking segment. It makes flat glass that is used as windshields in automobiles and in buildings, where demand for green alternatives is pushing the sales up for its coated glass.        Source:  Economic Times,  http://bit.ly/2o1vtoj

Peugeot plans to re-enter India by 2021

Purva Marwaha - 22-avr.-2016 11:47:05
  French car company Peugeot has set its eyes on the Indian car market and plans to enter here by 2018. The car maker plans to get into a partnership with an Indian company to start its new foray in the sub-continent.  Peugeot, which is expected to make  India  its manufacturing base for domestic and export markets, is likely to launch its products before the end of 2021. Peugeot’s Indian entry is considered as a part of the company’s aggressive ‘Push to Pass’ growth plan for the period 2016-2021. In 2014, the French carmaker formed a new ‘India-Pacific’ business zone comprising India,  SAARC  countries, Japan, Korea,  Australia  and New Zealand. The company is looking at launching only new generation cars in India and not those which are at the end of their production cycles.  For its Indian venture, the automaker wants to focus on frugal research expenditure and rigorous control over production costs as well as fixed costs in the price sensitive Indian market. Peugeot wants to reach an average of four percent recurring operating margin in 2016-2018, and target six percent by 2021. It wants to establish itself as a big brand and accordingly plans a blitzkrieg of products from its global range, notably the plug-in hybrid cars and autonomous connected vehicles. This will be Peugeot’s second entry into the sub-continent. In its first innings in India, which ended late 1997, the company had partnered with Premier Automobiles.   Source: Business Standard-  http://bit.ly/1U8lfgl    

France indicates interest to help make Nagpur a ’smart city’

Thomas Ilhe - 16-sept.-2014 06:26:54
French Consul General for Western India Jean Raphael Peytregnet indicated that France had evinced interest in partnering with Nagpur to make it a ’smart city’ during his two-day visit in the city.  Accompanied by the French Trade Commissioner of Consulate General Matthieu Lefort, Peytregnet said that the basic objective would be to "explore possibilities" of co-operation in urban development. Since each city has a different requirement, there is nothing specific in mind, though tailor-made solutions could be offered, he said.   Peytregnet said that New Delhi would host a convention of architects later in November, when a French team would eventually visit Nagpur. Apart from exploring options in Mumbai and the national capital, they will also be urged to visit other Indian cities, he said.    Matthieu Lefort said there is also a focus on sectors like consumer goods, agriculture, automobiles, avionics and also tourism. Current investment by French companies in India stands at 15 billion Euros as against Indian investment in France which is at only 300 million Euros. The French government is keen to increase the figure by promoting Indian business proposals, he said. Source: PTI

Dassault Systemes eyes Indian automobile industry with ENOVIA

Anindita BANERJEE - 15-mai-2014 14:37:51
French software company Dassault Systemes is targeting the manufacturing industry, especially the automobile segment, in India with its ENOVIA brand of solutions, which allow close collaboration across divisions, aligning expertise from all domains and share data."When it comes to engineering, the tools are mostly file-based, which hinders sharing of information, design and other changes in real time, thereby leading to delays and cost escalation in some cases," Dassault Systemes ENOVIA Global CEO Andy Kalambi told reporters here. In the Indian market, firms have been going through a rough patch for the last two years and are looking at ways to drive revenues and transform margins, he added."If we look at the manufacturing space in India, there is clearly a need for a solution that can bring together all the process in the industry and make them work on the same page," Dassault Systemes India Managing Director Chandan Chowdhury said.The firm is looking at the manufacturing segment and especially the automobile industry with ENOVIA."Automobile industry that has been facing a decline in sales and is battling a host of issues including rising input and high interest rates can use ENOVIA to not only optimise costs, but also streamline operations," Kalambi said. According to a PwC report, the automobile industry accounts for 6.7 per cent of India’s GDP with an annual turnover of around USD 55 billion in FY 2013 and employs around 18.5 million people.PwC added that giving interest-free repayment and discounts up to 20 per cent to catch customers at dealerships, the car industry faces tough times. ENOVIA is an open and scalable product lifecycle management PLM platform that relies upon universal language of 3D, while providing a strategic foundation for all communities to participate in the product lifecycle online, Kalambi said.  

Paris Motor Show 2014 Press conference

Nathalie OSTERNAUD - 24-avr.-2014 13:12:11
On 23rd of April was held the Paris Motor Show Press conference in Delhi. This press conference launched the world tour promotion of the trade show by its CEO’s (Thierry HESSE, Executive Director and Catherine STUCKI, Communication Manager). Moreover, for the 1st time this year, the Paris Motor Show, through Promosalons, organized a press conference in India, more precisly in New Delhi. Numerous indian medias were there to attend the press conference of the world’s largest car show : 13 000 journalists and over a million of visitors attending the event every year. The show will be held from 4th to 19th October 2014 featuring more than 100 world premiere of recognized car brands, electric models, demos and a special exhibition on the theme "Automobile and Fashion". 2 days will be dedicated to the press : Thursday 2nd and friday 3rd October 2014. For more details on the show please visit the website www.mondial-automobile.com . France has a strong engagement in the auto sector in India, notably renault with its wellknow Duster model (car of the year in India). Frech actors participate through the auto sector to the economic growth and development of the Indian market. The French presence is already vast in India : RENAULT and many Tier-1 and Tier-2 manufacturers: VALEO, FAURECIA, MICHELIN, BONTAZ, SAINT-GOBAIN, PLASTIC OMNIUM, INERGY, ARAYMOND, MGI COUTIER, EOLANE, SUPREME-TREVES…  

Faurecia opens a new TechCentre in Bangalore

Radhika YELKUR - 06-févr.-2014 10:58:33
On the 3rd of February 2014, Faurecia inaugurated its second TechCentre in India, in the city of Bangalore. The new TechCentre will focus on research and development in the field of emission control technologies for automobiles, a major focus for the group. The facility is spread over an area of 2800 m2 and houses 200 engineers. The French automobile major already has an extended presence in India. First established in India in 1995, the group today employs over 2000 people. Besides the 2 TechCentres in Bangalore and Pune, Faurecia has 8 manufacturing sites located at India’s automobile hubs where components for exhaust systems are manufactured. Faurecia’s clients in India are automobile giants such as Ford, Hyundai, Tata, Volkswagen, Maruti-Suzuki, Toyota and Mahindra.  

Delfingen acquires Kartar Wire Industries (Pune, India)

Malcolm MESSIER - 07-nov.-2013 07:15:21
DELFINGEN Industry, French automotive supplier specializing in the protection of motor wiring harness, acquires Indian society KARTAR WIRE INDUSTRIES, a Pune based company, well-recognized in the plastics and extruded products industry since 1981. Delfingen continues to step up its expansion in Asia. KARTAR has a turnover of € 3.5 million, has two production sites located in Pune (Maharashtra) and Gandhinagar (Gujarat), serving major automobile clients, present in India. Source: http://www.bfmtv.com/economie/delfingen-industry-acquisition-inde-601216.html  
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Sophie Clavelier, Country Head   Welcome to the French Trade Commission Business France in India!     Our key mission is to promote trade relations between France and India. We assist French- based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers, commercial and technical partners.   In India, our 4 offices are located in business hubs, New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of 38 experts in the following growing sectors: Agrofood Industry Industry and Cleantech Lifestyle and Healthcare Tech & Services Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework. In

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