Doing Business in Belgium and India

Dr. Munish Sabharwal, Managing Director, Transaction & Pre-Investment Advisory, Market Research & Greenfield, Technology Advisory, and Administration attended an event on ‘Doing Business in Belgium and India.’

At the event, Dr. Munish highlighted the differences in the business culture and management style between India and European nations and elaborated on the nuances of mastering cross-border joint ventures.

To appraise, he drew attention to the various policies and initiatives taken by the Indian government to fuel economic growth in India, which included Atmanirbhar Bharat, Expansion of PLI Schemes, National Green Hydrogen Mission, Allowance of 100% FDI, and more.

Further, he underlined the importance of defining and adhering to a robust process in a joint venture and reiterated its significance in achieving the desired outcome. He also stated how critical it is for companies to master every stage of a joint venture to increase its success.

Furthermore, he listed key considerations such as strategic alignment, competency, compatibility, reliability, business cultures, and financial resources and emphasized why companies must not ignore them when selecting a business partner.