Third largest consumer of polymers in the world
Fourth largest producer of agrochemicals in the world
Sixth largest producer of chemicals in the world
The chemicals industry in India is highly diversified, covering more than 80,000 commercial products. It is broadly classified into Basic chemicals, Specialty chemicals, and Agrochemicals. India’s proximity to the Middle East, the world’s source of petrochemicals feedstock, makes for economies of scale.
India is a strong global dye supplier, accounting for approximately 16% of the world production of dyestuff and dye intermediates. Chemicals industry in India has been de-licensed except for few hazardous chemicals. Upcoming Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) and Plastic parks will provide state-of-the-art infrastructure for Chemicals and Petrochemicals sector.
The Indian chemicals industry is projected to reach $ 304 bn by 2025Indian chemicals industry excluding pharmaceutical products) ranks 14th in exports globallyDemand of chemical products is expected to grow at approximately 9% p.a. over the next 5 years. Indian chemical industry employs more than 2 mn people
100% FDI is allowed under the automatic route in the chemicals sector (except in the case of certain hazardous chemicals)
For further details, please refer to FDI Policy
16%Dyestuff and dye intermediates share (global)
1.2%Nation’s Gross Value Added
10.3%Chemical products exports share
3.4%Contribution to global chemical industry
Market size of the Chemicals industry in India stood at $ 163 bn in 2017-18. Total production of chemicals, including basic petrochemicals, stood at 25,739,000 MT during 2016-17, a growth of 3.86% over 2015-16. Alkali chemicals had the largest share in the Chemical industry in India with approximately 69% share in the total production. Production of polymers account for around 59% of total production of basic major petrochemicals.
The petrochemical market in India is expected to grow at a CAGR of 10% over the next 5 years to reach $ 100 bn by 2022The market for crop protection chemicals in India is expected to reach $ 7.5 bn by 2019. This growth in demand is based on a rapidly growing population and a decrease in per capita availability of arable land, both of which result in a greater need to increase agricultural yieldThe specialty chemicals market has witnessed a growth of 14% in the last five years; the market size is expected to reach $ 70 bn by 2020.
Toray Industries (India), a subsidiary of the Japanese major Toray Industries will invest INR 1000 crore to set up a plant for manufacturing chemicals used as advanced raw materials in Sri City, Andhra Pradesh
Himadri Speciality Chemical Ltd. is planning to invest $ 153 mn to expand its Carbon Black business by setting up new carbon black lines in its existing integrated plant in Mahistikry, West Bengal for producing Specialty Carbon Black.
Hindustan Petroleum Corporation Ltd (HPCL), Gail India Limited (GAIL) and Government of Andhra Pradesh, have signed a Memorandum of Understanding (MoU) for setting up a greenfield, standalone petrochemical complex in Andhra Pradesh. The proposed complex, which will be spread in 2000 acres of GMR’s Kakinada SEZ, is expected to involve an investment of $ 6.1 bn.
Government Ministry/ Department
Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers
Alkali Manufacturers Association of India
Association of Synthetic Fibre Industry
Chemicals & Petrochemicals Manufacturers Association
Crop life India Dye Manufacturers Association of India
Indian Chemical Council
Indian Speciality Chemical Manufacturers Association
Organization of Plastic Processors of India
The All India Plastic Manufactures' Association
If Texas were a nation, it would be the 10th largest economy in the world. The state ranks at the top of nearly every "best states to do business list," thanks to its unbeatable advantages to companies looking to locate or expand in the state.
Some recent headlines you may have seen
Texas is on top yet again. The Lone Star State claimed the No. 1 spot in CNBC's annual Top States for Business ranking, marking the first four-time win by a state in the award’s history. In addition to claiming the No. 1 spot, Texas also received the top score in economy and infrastructure.
There’s a reason Texas continues to take home awards. It’s thanks to Toyota, Boeing, Charles Schwab, Merck, Kubota and the thousands of other game-changing companies that chose Texas for its pro-business tax climate, world-class infrastructure, skilled workforce and central North American location.
Texas is a force to be reckoned with as a location for business and skilled talent. And it just keeps getting stronger.
"Looked at every major city both the business and the employee's point of view in terms of quality of life. There is no better place than Texas to start the next chapter of Toyota's history in North America, and we are excited about our future together."
CEO, Toyota Motor North America
Economic Powerhouse: If Texas were a nation, it would rank as the 10th largest economy in the world based on GDP, ahead of Australia, Mexico, Spain, Russia and many others.
#1 Exporter: Texas maintains its position as the nation’s #1 exporter—a title the state has held for 16 consecutive years. In 2017, Texas exported $264 billion in goods to destinations all over the world with Mexico, Canada, China, Brazil and Korea as its top trading partners.
Home to World-Leading Companies: Behind Texas' strong economy are 48 Fortune 500 companies, including ExxonMobil, AT&T, Sysco and American Airlines, more than 1,400 foreign companies such as Toyota, BAE Systems, Siemens and Shell Oil and 2.4 million small businesses. See which Fortune 500 companies have their headquarters here.
13 Million Productive Workers: Texas has the second largest civilian workforce in America—13 million Texans. Our top-notch schools feed a strong pipeline of talent into the state and out-of-state workers continue to flock to Texas to take advantage of diverse job opportunities and quality of life amenities.
Fair Legal System
Texas' fair legal system limits unnecessary regulation to allow business to prosper. It's that simple.
"Texas rewrote everything from class-action certification to product liability."
- The Wall Street Journal
Room to Prosper: Texas offers companies and entrepreneurs room to grow, as well as the freedom to go big and to be rewarded for their ambitions. Less government, lower taxes, smarter regulations and right-to-work laws are the economic policies attracting employers to Texas from states that overtax and over-regulate.
A Decade of Tort Reform: Employers need to invest their money in job growth, not high insurance premiums. Former Texas Governor Rick Perry led the effort to pass sweeping reforms through three key legislatures. The U.S. Tort Liability Index 2010 ranked Texas second overall in tort inputs to the U.S. tort liability system which "include the rules on the books in each state that shape its tort-system outputs—its monetary tort losses and tort litigation risks."
Supporting Healthcare: Since key tort reform (HB4) was passed in 2003, putting a cap on non-economic damages for medical practice, the number of licensed physicians in Texas has almost doubled.
Texas' central location and state-of-the-art transportation network provide timely access to domestic and global markets via air, land and sea. It's no wonder the Lone Star State has led the nation in exports for the last 16 years, exporting $264 billion in goods to destinations all over the world in 2017. 382 Airports serve Texas travelers10,539 miles of freight rail, more than any state16 Seaports, including 32 foreign trade zones (FTZ)313,220+ miles of public roads, more than any state.
"Our new headquarters [in Texas] will situate us much closer to many of our fleet customers and provide convenient access by air to virtually all of our clients."
- John Graham
World-Class Airports: Texas' 382 airports, including 26 commercial airports, make up the second-largest state airport system in the United States. The state's two largest airports, Dallas-Fort Worth International (DFW) and George Bush Intercontinental in Houston (IAH), are major domestic and international hubs.
Texas' two intermodal facilities, Fort Worth's Alliance Airport and San Antonio's Port San Antonio, integrate high-capacity industrial airports, Class I rail terminals and direct interstate highway access. Texas is also home to American Airlines and Southwest Airlines, two of the largest airlines in the world.
Ports Built for Global Trade: With 16 seaports, including 11 deep water ports with channels at least 30 feet deep, Texas ranks as the top U.S. state for manufacturing exports and shipment value. Of these ports, 32 are designated as foreign trade zones (FTZ), allowing the flow of goods without formal customs entry, import quotas or most other restrictions.
The largest Gulf Coast container port, the Port of Houston has led the nation in waterborne foreign trade for 19 consecutive years. The Port of Corpus Christi, the Port of Brownsville and the Port of Port Arthur also consistently rank in the top ten in the U.S.
Dynamic Transportation Network: Texas has more miles of public roads (over 313,220) and freight rail (10,539) than any other state. And the state's transportation network just keeps getting stronger. Governor Abbott made transportation funding a major priority during his first legislative session and, in 2016, the state began dedicating a portion of state sales tax to improving transportation, which, combined with ending diversions from the State Highway Fund, allowed transportation funding to increase by as much as $4.5 billion per year without raising taxes, fees, tolls or debt.
Texas offers a competitive tax climate and powerful incentives to allow businesses to invest in the things that matter—growing their workforce, improving facilities and boosting their bottom line.
"Texas encourages business ownership through lower taxes and less burdensome regulations."
Highly Competitive Tax Climate: With no corporate or personal income tax, Texas has one of the lowest tax burdens in the nation. The state offers a number of other advantages for businesses, including sales tax exemption for manufacturing machinery and equipment and R&D-related materials, software, and equipment, as well as franchise tax exemption to manufacturers, sellers, or installers of solar energy devices. Property tax abatements, permitting fee waivers, local cash grants and local funding are also available to assist companies looking to relocate or expand in the state.
Tax Relief for Businesses: In 2015, during his first session in office, Governor Abbott successfully passed an across-the-board 25 percent reduction in the franchise tax—a game-changer considering Texas’ already low tax burden. Texas lawmakers also passed a meaningful property tax cut to increase the homestead exemption by $10,000. Now, with his proposed budget for the 2018-19 biennium, Governor Abbott has pledged to further cut the franchise tax by $250 million, providing additional relief for business to invest in growing their operations and workforce.
Game-Changing Incentives: Texas is home to one of the most competitive, deal-closing incentive programs in the nation—the Texas Enterprise Fund (TEF). Other powerful programs, including the Texas Enterprise Zone Program, the Skills Development Fund and additional incentives offered at the local level, help companies successfully relocate and expand in the Lone Star State without compromising their bottom line. Learn more about Texas’ available incentives and financing offerings here.
Quality of Life
The Lone Star State continues to attract businesses and workers from across the nation and around the world to take advantage of its comparatively low cost of living and dynamic cultural and recreational opportunities. There's simply no place in the world that's quite like Texas.
"Texas is America's America, where Americans go when they need a fresh start. And a little more Texas could go a long way."
- Tyler Cowen
"Why the Lone Star State is America's Future," TIME Magazine
Low Cost of Living, High Quality of Life: "Night and day." That's how one CEO described the difference between Silicon Valley and his new Texas headquarters. In Texas, employers and talent alike enjoy low taxes, a low cost of housing and a high quality of education coupled with a vast range of recreational opportunities.
A Vibrant Cultural and Recreational Landscape: Texas offers the best of city and country lifestyles and each city has something unique to offer. The state is home to hundreds of barbecue restaurants, wineries, live music venues and museums, plus more than 90 state parks, 191,000 miles of rivers and streams, 624 miles of coastline and more than 70 working ranches. The state is renowned for its sporting events, with top college and professional teams including the Houston Astros, San Antonio Spurs and Dallas Cowboys.
A Diverse Population: Texas is among the most ethnically and racially diverse states in the nation. The number of languages spoken in Texas homes has grown to more than 160-and of the 26.9 million people in Texas, more than a third speak a language other than English at home. Texas is also one of four "minority-majority" states—where the majority of the population is of a race other than non-Hispanic white.
The Nation's Leader in Talent Attraction: There are few states that can match the Lone Star State's current job opportunities, growth and residential quality of life. That's why Texas cities, large and small, continue to attract millennials, families and entrepreneurs. In fact, Forbes recently named Texas the best state in the nation for talent attraction and more people moved to Texas in 2016 than any other state, according to the U.S. Census Bureau.
Texas has the perfect combination of highly skilled talent and world-class schools to continue to meet the needs of businesses across industries—from advanced manufacturing to information technology.
"We have found a dedicated and enthusiastic workforce in Texas that has supported our growth. These individuals bring valuable leadership skills, experiences and problem-solving abilities to our fulfillment center."
- Mike Roth
Vice President of North American Operations, Amazon
Big, Skilled and Diverse Workforce: Texas has the second largest civilian workforce in America—13+ million industrious, skilled and globally diverse Texans. And it just keeps getting bigger—Texas' population grew by more than 6 million people since 2000—more than any state.
Top-Notch Schools: With 37 public universities and upper-division centers—6 that are state university systems—and 50 community college districts, Texas continues feeding a strong pipeline of talent into the state. Four Texas business schools and several universities—including Rice University, University of Texas at Austin, Texas A&M and Southern Methodist University—recently ranked among the best in the world according to U.S. News & World Report.
Nationally Recognized Researchers: In 2016, Governor Abbott launched the Governor's University Research Initiative (GURI), which provides matching funds to help Texas institutions of higher education recruit nationally recognized researchers to their faculty. In July 2016, the state recruited ten distinguished researchers to Texas A&M University, the University of Texas at Austin and the University of Houston as part of the initiative.
Customized Workforce Training: Texas businesses benefit from the Skills Development Fund, the state's premier job-training program providing local, customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. Success is achieved through collaboration among businesses, communities and technical colleges, Workforce Development Boards and regional economic development partners.
Global Leaders Choose Texas: We recently welcomed a multi-billion-dollar project from ExxonMobil and SABIC and headquarters projects from Hulu and Boeing.
The Texas Economic Development Corporation (TxEDC) and the Governor's Office of Economic Development and Tourism (EDT). These two highly focused organizations serve as the gateway for bringing jobs to Texas. TxEDC and EDT offer many services to facilitate corporate relocation and expansion, including valuable incentives, financing options and resources to streamline your site search. Website: businessintexas.com
The UK medical technology sector is a thriving ecosystem of researchers, scientists, engineers, designers and NHS clinicians working in an established industrial base. Together they drive the path of a novel technology from innovation, through the process of design and manufacture, and ultimately to the patient.
There are nearly 3,700 companies in the UK’s medical technology sector, 98% of them are small to medium-sized enterprises. The sector generates a turnover of 21 billion GBP. They produce a vast range of medical devices and diagnostic technologies.
There is a significant focus on single use technology, orthopaedic devices and in vitro diagnostics. The service and supply chain for medical technologies provides essential support including design, manufacturing and regulatory expertise.
The fastest growing segments of the UK industry by revenue are:
The fastest growing segments by employment are:
The sector employs nearly 115,000 people and the UK has the highest number of skilled engineers and researchers in Europe.
The UK offers the opportunity for medical technologies innovators to:
The UK offers access to innovative researchers in engineering, physical, social, medical, and digital sciences.
If you’re investing in or setting up in the UK, you can benefit from supportive medical technology partners every step of the way, including:
The National Institute for Health and Care Excellence (NICE) - a world leader in health technology assessment
The National Institute for Health Research (NIHR) Office for Clinical Research Infrastructure and Clinical Research Network - offers access to academic and clinical expertise and collaboration
Innovate UK - a leader in various technology-enabled innovations
The government also has up to 50 billion GBP available to support finance and insurance for supplies from within the UK to buyers outside the UK. This support takes the form of guarantees, insurance and loans issued by its export credit agency, UK Export Finance.
We can help you grow your business in the UKWhether you’ve already decided to grow your business here or you’re just starting your research, the UK government can help you make the right decision.
Research your industryYou should research your market to help you decide if the UK is the best place for your business. Contact our Investment Services Team to get market research and other expert help and advice.
Want to move your business to the UK?You’ll need to follow several steps before moving to the UK, including applying for visas and finding the ideal location for your business. Read our UK setup guide.
The UK government can give you free help and support every step of the way. Contact us to find out more.
Grenada is one of the most beautifully lush islands in the West Indies. Naturally exotic, Grenada’s breath-taking scenery includes mountains, waterfalls, and golden beaches surrounded by tropical rain forests which is appealing even to the most discerning world traveller. The mix of pure, authentic Caribbean of yesteryear and the friendly, modern lifestyle of today makes Grenada the perfect place to live and play.
In 2013, the independent island nation of Grenada relaunched its Citizenship by Investment Programme.
Efficiency: A law mandates that routine applications be approved within 60 days of submission, with the passport issued immediately thereafter. (The application cannot be submitted until after the background checks have been performed.)
Family friendly: By not charging exorbitant processing and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.
Visa-free travel: Grenada passport holders are allowed visa-free travel to more than 135 countries.
Opportunity for E2 Visa treaty with the U.S.
Zero tax: The island has no income, wealth, or inheritance taxes.
There is no requirement to visit Grenada in order to qualify for citizenship.
Obtain citizenship by investing in the National Transformation Fund.
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent.
The National Transformation Fund (NTF) is a Government fund held for financing projects that will improve Grenada’s economy, help its diversification, and benefit industries including tourism, agriculture, and alternative energy solutions.
In order to qualify for the Citizenship by Investment Programme, the investor makes a designated, non-refundable, per-person NTF charitable donation.
First, the applicants receive permanent residency, followed by citizenship. In most cases, the application for permanent residence and citizenship is considered at the same time.
The benefit of the NTF is the lack of hassles associated with owning vacation real estate. However, as the NTF program is a non-refundable contribution, the Citizenship by Investment in real estate option may provide a partial or healthy return on investment.
Total investment required: US$ 234,000*
Obtain citizenship by investing in an approved Real Estate project.
The real estate investment programme allows approved applicants to invest in CBI supported real estate developments.
To qualify, the investor (or investors) must enter into a contract to buy property worth US$350,000 or more. Once the purchase contract has been signed and the full investment amount has been transferred to an escrow account, the investor may apply for citizenship.
Once citizenship has been accepted, the investor receives the passport, citizenship certificate, and shares certificate. The only stipulation is that the property may not be sold within four years, or citizenship can be revoked.
Total investment required: US$434,000*
* Professional fees for citizenship processing are payable for all applications and will vary depending on the number of dependents and application complexity.
The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.
1. One of the world's fastest-growing economies
India to remain one of the fastest growing economies in the world.
Source: International Monetary Fund
FDI inflows increased by 37% since the launch of Make in India initiative.
Source: Department of Industrial Policy and Promotion, Government of India
Leading investors ranked India as the most attractive market.
Source: Ernst & Young Emerging Markets Center
2. Largest youth population in the world
India to have world’s largest youth population by 2020.
Source: United Nations Population Fund
India to be the largest supplier of university graduates in the world by 2020.
Source: British Council
India has the third largest group of scientists and technicians in the world.
Source: All India Management Association & The Boston Consulting Group
3. Huge domestic marketRising affluence is the biggest driver of increasing consumption in India.
Source: Boston Consulting Group
India’s consumer story will be led by its 129 mn urban mass consumers.
Source: Goldman Sachs Group
Private consumption to be four times by 2025.
Source: McKinsey Global Institute
4. Rising economic influence
Centre of global maritime trade to move from the Pacific to the Indian Ocean Region. India and China will be the largest manufacturing hubs of the world by 2030.
Source: Lloyd’s Register Marine & University of Strathclyde, Glasgow
Connectivity to Central Asia and Europe via the International North-South Transport Corridor (INSTC).
Source: Press Information Bureau, Government of India
In the next five years, India to have greater economic influence across the Asia-Pacific Region.
Source: Baker McKenzie & Mergermarket Group
5. Indian infrastructure story
Over the next three decades, more than 350 mn Indians will move into cities.
Source: McKinsey Global Institute
Over the next two decades, more than $ 1.5 tn investments have been planned for infrastructure.
Source: Press Information Bureau, Government of India
Investments planned across the key government initiatives in various sectors:
o Highways (Bharatmala & NHDP) - $ 106.5 bn
o Railways - $ 131.7 bn
o Ports - $ 61.5 bn (Port development) + $ 123 bn (Port-led
o Airports - $ 58 bn
o Industrial Corridors - $ 100 bn (DMIC - phase I)
o Smart Cities - $ 14.6 bn
Source: Government of India
6. Rising global competitiveness
India jumps 65 positions from 142nd (2014) to 77th (2018) in 'World Bank's Ease of Doing Business Ranking 2018'.
Source: World Bank
India ranks 40th on the Global Competitiveness Index 2017-18.
Source: World Economic Forum
95% of 1.2 bn Indians are covered under Aadhar Scheme, one of the world’s largest social security program.
Source: Press Information Bureau, Government of India
Pradhan Mantri Jan Dhan Yojana, a formalization of savings scheme under which 312 mn bank accounts have been opened with savings amounting to $ 11.6 bn.
Source: Ministry of Finance, Government of India
Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes.
Source: Government of India
Source: Invest India - The one stop-shop to ensure your success in India
Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. Invest India is transforming the country’s investment climate by simplifying the business environment for investors. Its experts, specializing across different countries, Indian states and sectors, handhold investors through their investment lifecycle ⎯ from pre-investment to after-care.
Brazil is one of the world’s leading producers and suppliers of food, fibers and agro-energy. Productivity gains obtained through technology and local farmers entrepreneurship, added to agriculture and livestock production chain organization. The most recent projections published in Agricultural Outlook by the United Nations Food and Agriculture Organization (FAO) and the Organization for Economic Cooperation and Development (OECD) estimate that, over the next ten years, Brazil’s production of various agricultural and livestock products will grow at rates far above the world average.
Brazil also possesses extensive areas of native vegetation recognized worldwide as important to biodiversity, water cycling, carbon storage and climate regulation. Brazilian agriculture and livestock sector is ready to commit to preserving this natural resource heritage, while at the same time expanding its production and supply of essential products to attend domestic and overseas demand.
Brazil is currently responsible for 10% of the global exports of agricultural products. Today the country is the largest exporter of soy, coffee, orange juice and sugar, and also ranks in first in beef and chicken exports. The most recent projections published in agricultural outlook by the United Nations Food and Agriculture Organization (FAO) and the Organization for Economic Cooperation and Development (OECD) estimate that, over the next ten years, Brazil’s food supply will grow far above the global average.
Flanders – the northern region of Belgium – offers a unique blend of advantages and opportunities to businesses looking for a strategic location for a new project, in any shape or form. Thousands of foreign companies are already benefiting from these assets.
Strategically located in the heart of Europe
Flanders can be found at the very center of Europe’s most prosperous region. The
purchasing power of its residents and those living within 500 km of the region makes it a prime business location. As such, Flanders takes center stage within a megalopolis stretching from the London region to the Netherlands, Belgium, and parts of Germany and France. This area is home to no less than 60% of Europe’s purchasing power and covers one of the world’s highest concentrations of people, money and industries.
In short, there’s just no better place than Flanders to prepare your business plans or start up your business activities in order to reap the rewards of commerce in the European mainland, the Middle East and Africa.
Brussels, the center of Europe
Brussels, the capital of Flanders (Belgium), is home to numerous international corporations and intergovernmental decision-making organizations, such as the EU and NATO. It can easily be considered Europe’s lobbying capital as well: more than 3,800 diplomats are active in the city – a number that is only surpassed by New York City. It is also the world’s second international conference center by number of events, and the second largest center for advocacy after Washington DC (US).
Brussels by numbers
Over 10,000 lobbyists
700 professional associations
400 organized interest groups
150 international consulting firms
150 law firms specializing in European law
30 chambers of commerce
Over 1,000 accredited journalists
Representation of over 220 regions and federal entities
1,300 European HQs or subsidiaries of foreign companies
World-renowned knowledge centers and R&D initiatives
According to the World Economic Forum and many other international spectators, Flanders ranks among the world’s elite when it comes to R&D and innovation.
Flanders is a top 5 knowledge region in Europe and home to world-famous knowledge institutes and universities. Its strategic research centers – imec, VIB, Flanders Make and VITO – are known the world over. In close partnership with Flanders’ universities – KU Leuven, UGent, Antwerp University, VUB and UHasselt – and the global business world, they contribute to the realization of a sustainable future.
Flanders ranks in the top 15 worldwide
when it comes to “company spending on R&D”, “availability of the latest technology” and “capacity for innovation” (WEF Global Competitiveness Report 2017-18).
Europe’s logistics hub
Flanders’ excellent infrastructure offers a one-of-a-kind array of advantages when it comes to setting up European logistics or distribution activities.
The seaports of Antwerp, Zeebrugge, Ghent and Ostend are the perfect ocean-going gateways for the fast handling of goods to and from anywhere in the world.
Shipping by air? Brussels Airport, Antwerp International Airport and Ostend-Bruges International Airport have you covered.
Even further, the road, rail, waterway, and pipeline connections of Flanders are among Europe’s densest – ensuring fast connections with the European hinterland.
Our connectivity is well-praised by the Financial Times Intelligence’s list of “European cities and regions of the future 2016-2017”. Furthermore, the Prologis or World Bank Logistical Performance Index confirms our logistical supremacy in Europe and the world.
Affordable logistics space abounds - thanks to lower inbound transport costs, advantageous rental prices for warehouses and attractive fiscal conditions, supply chain costs in Flanders are very competitive. According to fDi Intelligence, prime rent in Belgium – and Flanders – is one of the lowest in Western Europe.
4th most productive, highly-skilled workforce
The workforce of Flanders is multilingual, highly-educated, and loyal. It’s also the 4th most productive labor force in the world, thanks to its diverse culture and the close proximity of
top-ranked universities and educational institutions.
Flanders’ educational system is internationally renowned. Especially in math and sciences, Flanders boasts excellent results. Our engineering training programs are very practice-oriented.
Each year, many multitalented and multilingual engineers graduate from universities of Flanders, offering unique capabilities for cross-cultural collaboration and problem-solving (WEF).
Lifelong exemption of social security contributions for a first employee hired
The government provides companies and employees with the right employment framework, significant reductions in social security contributions, different types of labor incentives and appealing labor schemes. These include temporary unemployment and flexible working hours. In this way, the effective labor costs are highly competitive compared to other locations throughout Europe.
Support for your R&D project
For the R&D of innovative products and processes, the government of Flanders awards generous grants and subsidies (up to a rate of 60%). According to Deloitte (US), Flanders even offers the best R&D related incentives in Europe.
The result? Heavily reduced employment costs, which give Flanders-based companies a major advantage over competitors in neighboring countries when it comes to attracting talent.
In addition, Flanders Innovation & Entrepreneurship (VLAIO) offers a one-stop-shop for non-refundable grants in direct support of R&D programs.
High quality of life
Low cost, high quality; this is what makes Flanders one of the top locations for businesses and their employees. It’s a safe and affordable region with a rich cultural heritage and one-of-a-kind art-de-vivre. Flanders is also home to various international schools and offers some of the highest-quality health care services in the world. To top it all off, the people of Flanders are great lovers of life, with a penchant for excellent food, top-notch products and profound social connection.
The ideal test market
Situated at the crossroads of three major cultures — Germanic, Roman, and Anglo-Saxon
— the people of Flanders are open to all sorts of influences. In addition, international business cities like Antwerp and Brussels have thriving expat communities. This, and the high purchasing power, makes Flanders the ideal test market for innovations and new products.
Set up office in a splash
True to the region’s no-nonsense culture, setting up a subsidiary in Flanders is
fast and easy.
Notarial deed and a one-stop registration process;
No government approvals are required;
Up and running in less than 10 days (except for certain registration and publication formalities, which may take 2 to 4 weeks after incorporation);
No public register of share ownership;
No formalities regarding share transfers, other than registration of the transfer in the company’s share register.
Antwerp: the largest chemical cluster in Europe
Easily accessible and centrally located, the Port of Antwerp is key to Flanders’ renowned chemical industry. The port houses five oil refineries and four steam crackers. With
over 300 different chemicals and 500 chemical companies
it has the most diverse portfolio in the world. A state-of-the-art pipeline network facilitate product interchange.
Antwerp is the largest chemical cluster in Europe, and the second largest worldwide. Companies benefit from this cluster configuration, as it enables them to integrate their activities with those of other companies – e.g. suppliers – in a stable business environment.
One of the world’s top 15 exporting countries
According to the World Trade Report, Belgium – including Flanders – is one of the top 15 exporting countries in the world. Its exportation per capita is among the highest worldwide. To put this in perspective:
Flanders is responsible for 83% of Belgian exports and imports.
Professional support in setting up your operations>>
Need assistance in getting your business settled in Flanders?
Flanders Investment & Trade (FIT) offers a variety of professional tools, services and expert resources that will have you up and running as soon as possible. FIT offers locally-tailored support, confidentially and free of charge around the clock.
Spain is more than the cultural capital of Europe
Spain is the world’s 14th-largest economy and the 5th-largest economy in the EU: GDP worth 1.4 trillion USD.
Spain is the 11th-largest exporter of commercial services worldwide and the 16th ranked exporter of merchandise trade.
Multinationals in Spain account for 44% of total exports from Spain to third Markets. Total exports from Spain amounted 277 Billion € in 2017.
International Export Services from Spain - excluding Tourism- to third markets reached more than 60 Billion € in 2017. More than 120 Billion € including Tourism. According to WTO Spain ranks 11th Worldwide.
Spain received 82 million international tourists in 2017. Spain is the 2rd country worldwide in number of international tourist arrivals and 2nd in revenues after USA (1st in Europe).
Spanish companies are among leading companies in the world:
▪ 3 out of every 5 flights worldwide are controlled using Spanish Air Navigation Management systems-ATM.
▪ Telefonica is one of the largest telecommunications companies in the world (in terms of market capitalization and number of customers).
▪ Santander is the 2nd bank in the Eurozone and one of the first in the world (stock market capitalization) and BBVA now operates in 40 countries.
▪ Mapfre is the largest multinational insurer in Latin America and among the top 10 European insurance companies by premium volume
▪ Iberdrola is the 4th-largest utility company in the world (in terms of market capitalization) and the 2nd largest wind power operator in USA.
▪ The Spanish infrastructure sector is a world leader in foreign markets. ACS Group is the leading international contractor in the world, according to the ranking published in 2018 by the specialized publication Engineering News Record (ENR).
➢The Al Shoula Group, a Spanish-Saudi consortium, is to run the high-speed train between La Mecca – Medina.
➢The Panama Canal expansion project has been developed by a Spanish-led consortium. ➢6 out of 10 Worldwide Concessionaires of transportation infrastructures are Spanish Companies.
Foreign Investment in Spain
Spain is the 9th-most open country to Foreign Investment according to OECD’s FDI Restrictiveness Index.
Over 12,500 foreign companies in Spain across all economic sectors. 70 of the FORBES Top 100 companies have branches and 90 out of 100 top R&D Companies has a subsidiary according to Thomson Reuters. Foreign Companies in Spain account for more than 49% of the total industrial turnover yearly and 33% of the industrial employment.
US, UK, French, Italian and German Companies are the largest investors in Spain.
Domestic market of over 46 million consumers: Spain has a GDP per capita (PPP) above the EU-28 average.
Spain grants free access to the world´s largest market, the European Union: more than 500 million consumers. Advantages of operating in the EU:
▪ Intra-European duty-free market.
▪ Free movement of goods and services, capital and persons.
▪ Single currency: EUR
Spain and Latin America
The best European platform for doing business with Latin America:
▪ 17 Agreements to Avoid Double Taxation in Central and South America: Argentina, Bolivia, Brazil, Barbados, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, El Salvador, Ecuador, Mexico, Panama, Jamaica, Trinidad & Tobago, Uruguay and Venezuela.
▪ 19 Agreements for Reciprocal Protection and Promotion of Investments Argentina, Colombia, Costa Rica, Cuba, Chile, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Trinidad & Tobago, Uruguay and Venezuela.
▪ Excellent communications and infrastructure: Madrid concentrates around 35% of total air traffic between Europe & Latin America.
Why is Spain a perfect hub for doing business in Latin America?
1. Common historical, cultural and linguistic roots. Institutional network relationships.
2. Strong economic and business ties: Spanish companies have invested in strategic sectors in Latin America (banking, utilities, communications and transport, building industry, airport management, etc.)
3. Good communications: Spain is a major connecting hub for airlines traveling between America, Europe and Middle East.
4. Multinational companies are increasingly choosing Spain for their Latin American headquarters.
5. Spain has become the European HQ for Latin American multinational companies.
6. In the USA there are more than 50 million people working in Spanish.
Spanish Companies are very active investors in USA, EU and the world´s 2nd-largest investors in Latin America. Many Spanish companies have a strategic position in key sectors in Latin America (ICT, energy, finance, infrastructures, etc.)
Spain and Africa /Mediterranean
Spain is also a suitable platform within the European market for doing business with North-African, Mediterranean, and Middle East countries:
❑ 19 BilateralAgreements to Avoid Double Taxation
❑ 15 BilateralAgreements for Reciprocal Protection And Promotion of Investments
Euro-Mediterranean Association Agreements with Egypt, Israel, Jordan, Lebanon, Morocco, Tunisia and Algeria for the gradual liberalization of trade in the Mediterranean area.
Key Role of the Spanish Canary Islands Special Zone (ZEC) as a commercial and logistic hub with Africa
▪ Geoestrategic location: On the Southernmost border of the European Union (EU) ▪ Strong historical and commercial ties with Africa and America ▪ Tax benefits for ZEC entities ▪ Authorized by the European Commission in January 2000
✓ Europe’s most beneficial tax regime (4% corporate tax rate).
✓ Excellent communications and services infrastructure.
✓ Interesting tri-continental logistic platform to Africa, Latin America and Europe
International flights from Spanish airports: More than 4,000 weekly flights to main international destinations. Spanish airports carried- arrivals and departures- 229.9 Million passengers by 672 Airlines connecting 136 countries and 338 cities. (2016), according to AENA.
Spain is the 3rd largest worldwide (1st in Europe) in High-Speed Network and the European leader with more than 2,500km in service, travelling at an average commercial speed of 222 km/h, higher than that of Japan (218 km/h) and France (216 km/h). And a total railway network over 15,500 km. According to The Global Competitiveness Report (World Economic Forum), Spain has one of the best indexes of rail road infrastructure Quality in the world, and one of the best subway systems in major cities.
Spain has the largest EU highway network with 14,701 km. According to The Global Competitiveness Report (World Economic Forum), Spain has one of the best indexes of Quality of roads in the world.
Excellent maritime connections, with 46 state-own ports on both the Atlantic and the Mediterranean coasts, with 3 ports among the Top-20 container ports in Europe (Valencia, Algeciras, and Barcelona). According to The Global Competitiveness Report (World Economic Forum), Spain has one of the best indexes of Quality of port infrastructures in the world.
Hubs and Connectivity
Over 70 Technology Parks - 66 parks in the Association of Science and Technology Parks of Spain, hosting 6286 companies.
Spain is the 3rd country in the OECD with greater growth in implantation of fiber optic (101.9%).
❖ Broadband penetration in Spanish households keeps growing. In 2015 it was 77.8% and in 2016 it reached 81.2%.
❖ In 2016, fiber optic covers a total of 10,039,416 households, 23.1% more than in 2015. Coverage reaches 55.6% of Spanish households, 10.8 points higher than 2015.
❖ Spain is the European country with the largest fiber optic network.
Spain has got many Institutions that promote incentives in different calls along the year:
▪ The Centre for Industrial Technological Development (CDTI) has got a wide range of grants and loans at competitive low interest rate for technological projects.
▪ The State Secretariat for Innovation in the Ministry of Economy, Industry and Competitiveness (MINECO) also offers support with grants and loans for technological projects developed by companies and public bodies
▪ INVEST IN SPAIN/ICEX has developed a program for supporting foreign companies up to €200,000 for investments with a high degree of R&D in competitive tenders
▪ The National Innovation Company (ENISA) finances SMEs up to €1.5 million with participative loans at a very competitive interest rate and where no-guarantee is required.
▪ The Public organization RED.ES promotes the IT activities of technological companies and start-ups financing investments in infrastructures, equipment and so on.
The International analysis shows that Spain is a country with relatively moderate ratio between Tax Revenues (Including Social Security Contributions ) and GDP (34.4% GDP).
Corporate Income Tax Rate: 25%.
Quality of Life
▪ Spain is the 1st country in Europe in terms of quality of life for ex-pats and 2nd-ranked worldwide
▪ With large communities of many different nationalities, Spain is known for its highly cosmopolitan character. On average, 12.2% of the Spanish residents are foreign-born, a figure that rises to 16-17% in regions like Madrid or Catalonia
▪ One of the largest number of International Schools in Europe
▪ Outstanding & modern health system with very high standards
▪ Favourable fiscal regime for expatriates
▪ Law enforcement: Assurance & stability in business and social life
▪ Excellent climate, first-class gastronomy, wide range of cultural and leisure activities
Source ICEX. To learn about opportunities in Spain by industry please follow this link.
At the heart of the Arabian Gulf, Bahrain puts you in a unique to export directly across the Gulf Cooperation Council (GCC), the surrounding region and the Arab world.
The best market access to growing Gulf economies.
Bahrain’s central Gulf location and superb links to the rest of the Middle East place your company at the heart of the action, with rapid access by road, sea and air.
Just a 30 minute drive to Saudi Arabia, the region’s largest economy, through the King Fahad Causeway.
The fastest clearance time anywhere in the GCC when going through the Khalifa Bin Salman Port.
The easiest and most direct access to all of the GCC's airport hubs, with 1-hour flights from Bahrain International Airport.
Strong market connectedness
7th globally - In terms of international and domestic transport infrastructure links and the level of service it receives.
(Agility Emerging Markets Logistics Index 2017)
$ 1.5tn market
36mn consumers. A growing GCC market, easily accessible through Bahrain’s logistics channels and open for opportunity.
Connect faster and more efficiently to the region
Bahrain’s transport links are so versatile that you can reach every country in the GCC quickly and conveniently by road, air or sea. Saudi Arabia’s industrial powerhouse, the Eastern Province, is just a 30-minute drive across the 25km King Fahd Causeway (shown here), and the whole of the Middle East is easily accessible by air or by road.
An excellent location from which to meet growing demand across the region.
Streamlined customs procedures ensure that less time is spent waiting for clearance.
Tourism & Leisure
Direct access to 36 million consumers across the GCC’s US $1.5-trillion market.
Bahrain’s location enables you to gain from increasing regional integration in trade and business, and the inherent advantages for financial services.
Maximise commercial opportunities through Bahrain’s connectivity, digital capabilities and sector development.
Bahrain Economic Development Board makes it quick and straightforward to set up and operate in Bahrain. Find out how easy it is to get started here.
Recently, Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma witnessed the signing of three Memoranda of Understanding (MoU) between the Rwandan Government and Alibaba establishing an eWTP (electronic world trade platform) hub in Rwanda.
The agreements are intended to strengthen cooperation in support of Rwanda’s economic development by promoting policy innovation, enabling cross-border trade of Rwandan products to Chinese consumers, facilitating tourism to Rwanda, and providing capacity building to empower the growth of Rwanda’s digital economy.
As a regional pioneer with a vision to create world class digital infrastructure, Rwanda becomes the first country in Africa to establish an eWTP hub. The eWTP is a multi-stakeholder global initiative promoting public-private dialogue to foster a more effective and efficient policy and business environment to enable small and medium-sized enterprises (SMEs) to participate in cross-border electronic trade.
“The Electronic World Trade Platform opens up new frontiers in e-commerce and tourism for Rwanda, and will also boost the capacity and competitiveness of our entrepreneurs and businesspeople”, said President Paul Kagame. “Rwandan producers will be able to sell directly to a much larger set of customers than before, while bypassing costly intermediaries. This improves productivity and profitability. There really are no downsides to doing business on a global scale.”
“I am delighted that Rwanda is the first eWTP partner in Africa, and I look forward to the development of an innovative digital economy here,” said Mr. Jack Ma, Founder and Executive Chairman of Alibaba Group. “Entrepreneurs in Rwanda, and elsewhere in Africa, are ready to seize the opportunities offered by the digital economy. It is up to all of us to help them succeed.”
Under the agreements, Alibaba will work with the Rwanda Development Board (RDB) to help Rwandan SMEs sell their products, including coffee and handicrafts, to Chinese consumers through Alibaba’s online marketplaces. With more than half a billion consumers, Alibaba is the world’s largest online commerce company and home to leading cross-border marketplaces where Chinese consumers look to find the highest quality products from around the world. Several brands of Rwandan single origin coffee are already available for sale on Alibaba’s Tmall Global platform.
Alibaba’s travel services platform, Fliggy, and the RDB will also work together to promote Rwanda as a tourist destination through a Rwanda Tourism Store for booking flights, hotels and travel experiences and a Destination Pavilion where Chinese consumers can learn about visiting the country, including its beautiful natural parks, through engaging video content. Alibaba affiliate Ant Financial will share expertise in inclusive financial tools, such as mobile payments, to support the Rwandan digital economy.
“The partnership between Rwanda and Alibaba will change people’s lives for the better. We are committed to leveraging the digital economy to support our exporters, local producers and artisans. We have already seen tremendous attention from Chinese consumers on Alibaba’s platforms in high-quality Rwandan products such as our top-tier single estate coffee, and we are confident that local products and travel experiences will continue to receive interest and support from the more than half a billion consumers on Alibaba’s platforms,” said RDB Chief Executive Officer, Clare Akamanzi.
Alibaba is also committed to providing capacity building to academics, policy makers and entrepreneurs on how to grow a digital economy. The Global E-commerce Talent Program (GET) is a five-day course to boost the competencies of Rwandan university teachers and deepen their understanding of the e-commerce industry, so they can train digital talent and future entrepreneurs to compete in the global economy. Fifty lecturers from Rwanda’s top universities attended the first GET program in August organized by Alibaba Business School in partnership with the Ministry of Education’s Higher Education Council and the RDB.
For policy makers, Alibaba will host a three-day workshop at its Hangzhou headquarters to showcase the nature, capabilities and promise of a new digital economy through first-hand experience with digital finance, logistics, e-commerce and big data industries. A delegation of Ministers and government officials responsible for the development of Rwanda’s digital economy will attend a workshop in Hangzhou in January 2019.
Alibaba will also continue to support Rwandan entrepreneurs through programs such as the eFounders Fellowship. In partnership with UNCTAD, Alibaba is training 1,000 entrepreneurs from emerging markets over five years. Two hundred of those entrepreneurs will come from Africa. Five Rwandan entrepreneurs have already graduated from the eFounders Fellowship program.
Source Rwanda Development Board