WaxWIng Group
Hands-On Solutions for Business Transformation
Case Study 1 -- india market
Situation:
Liberalization programs in India opened doors to the rest of the world to invest in India. In order to take advantage of the upcoming opportunities in India and Asia, a US based company began to explore market entry options including the opening of a legal entity in India.
Action:
After an indepth analysis of the market, we came up with the proposal of opening a liaison office to fulfill their requirements and support their business model. We took all the necessary permissions from the RBI (Central Bank) & ROCs to finalize the office space and staff at a nominal monthly fee. The maintenance was offered at a shared cost with most of the employees being either on part time or contractual basis.
Result:
This strategy helped the company expand and access new business opportunities with minimal upfront cost. Over the course of the next 8 months the client was able to identify strategic partners and capture various opportunities in the market. Further, we structured a subsidiary for them with necessary infrastructure requirements to develop their network in India and leverage it as a beachhead to venture into other Asian countries for long term growth.
Case Study 2 -- india market
Situation:
Given the growth of the Indian market, a major manufacturer decided to put a plant in India to expand their global footprint. The local plant was a key part of the overall goal to reduce product cost and sell a localised product in India - Grow Global Go Local. The greenfield project was estimated at around $20M including the cost of the plant and machinery, custom duties and logistics.
Action:
With the ever growing competion in the global market, companies are looking at every aspect of the value chain for cost efficiencies above and beyond product and process innovation. As a result of our analyses we identified an appropriate scheme under the EXIM policy whereby a duty burden of approx. 3% could be saved. The specific scheme under the Policy was further studied by our experts for feasibility based on every relevant parameter of the project and to vet the ROI potential of the investment. After the positive feasibility test, all the necessary approvals from the government were obtained along with the obligatory custom formalities to provide a bottomline contribution to the client's Go Local plans.
Result:
Direct savings in the overall project cost, which in turn helped the ROI cash flows of a new market entry and localization plan of the client company.
Grow Global Be Local