Finland-India Business Guide


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Finland-India Business Guide

  1. 1. Team FinlandPartnership for SUCCESS FINLAND-INDIA BUSINESS GUIDE 2012-13 l 1
  2. 2. DisclaimerNo part of this publication may be reproduced, copied or transmitted in whole or in part, in any form or by anymeans, without the prior permission of the copyright holder.The Embassy of Finland in India and the Finland Trade Centre, Finpro, have made a reasonable effort to providea comprehensive directory of companies with substantial Finnish interests represented in lndia, and companieswith substantial Indian interests represented in Finland. However, the Embassy of Finland and Finpro cannotguarantee that the list is exhaustive.All information included in this publication have been obtained from the companies themselves or from reliablesources. While every reasonable effort has been made to ensure that the information contained herein iscomprehensive and accurate, the Embassy of Finland and Finpro cannot guarantee the accuracy, completenessor correctness thereof. This publication, and the information contained herein, is meant for information purposesonly. Any discrepancy found in the information may be brought to the notice of the Embassy of Finland or Finpro.Neither the Embassy of Finland nor Finpro will be liable for any loss or damage (financial, commercial or otherwise)caused due to or as a result of the inaccuracy, incompleteness or incorrectness of anything contained in thispublication, or the interpretation of or the reliance on any information contained herein by any party.The maps in this publication may not accurately represent geographical or political boundaries or scales.Copyright@September 2012 Embassy of Finland, New Delhi, India. All rights reserved.2 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  3. 3. Team FinlandPartnership for SUCCESS
  4. 4. ContentsAmbassador’s Foreword 5Finpro Foreword 6Cleantech Message 7FinNode Message 8Country Facts 9Trade and Economy 11Bilateral Trade 12Setting Up a Business in Finland 15Setting Up a Business in India 17Information for Business Travellers 19Business Facilitators 20Indian Companies in Finland 30Finnish Companies in India 40Annexure 91Media Information 93Abbreviations UsedBSE Bombay Stock ExchangeBOT Build Operate and TransferCIS Commonwealth of Independent StatesEU European UnionFDI Foreign Direct InvestmentICT Information and Communication TechnologyITeS IT-enabled ServicesNCAER National Council for Applied Economic ResearchOECD Organisation for Economic Cooperation and DevelopmentOMX The Nordic Stock ExchangeRBI Reserve Bank of IndiaUNCTAD United Nations Conference on Trade and DevelopmentFor the convenience of comparison, all US Dollar and INR figures have been changed toEUR by using the exchange rates 1 EUR = ` 60, 1 EUR = 1.3 US Dollar.4 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  5. 5. Ambassador’s ForewordLadies and Gentlemen,I am happy to present to you the Finland-India Business Guide 2012-13. The Guide provides a lot of usefulinformation on Indo-Finnish economic and commercial relations. This year the Guide has been slightly remodelledby categorising the Finnish and Indian companies sector-wise. We hope that through this change this Guideprovides better and more relevant information to its readers.Finland and India enjoy excellent relations and substantive bilateral partnerships in various fields of cooperation.We are very pleased that the Agreement on Social Security between Finland and India was signed in New Delhiin June 2012. This Agreement complements the already comprehensive contractual relationship between theGovernments of Finland and India. The Agreement affects the social security of people moving between Finlandand India and applies to pensions, in particular. It enables preventing double pension contributions, which isimportant for Finnish companies operating in India and the staff employed by them.The active exchange of high-level visits between our countries continued during the latter part of 2011 into 2012.Both the President of the Republic of Finland and the Speaker of the Parliament visited India in spring 2012.We also witnessed several Ministerial visits from Finland to India and vice versa. The 17th session of the Indo-Finnish Joint Commission was held in New Delhi in November 2011. The Joint Commission deals with questionsconcerning bilateral trade relations, their development and potential and examines scope for new modes of co-operation.Our capital Helsinki is the World Design Capital in 2012. The theme of the Helsinki World Design Capital year“Open Helsinki, Embedding Design in Life” indicates that today design can be found everywhere around us –not only in arts and culture but also in public services, education systems or in policy making. Without design,there would be no roads, no airplanes, no mobile phones or no cities. Design is becoming increasingly importantfor businesses worldwide as they strive to stay competitive. Design is also an important sector in cooperationbetween Finland and India.The Government of Finland adopted a cross-sectoral Action Plan on Finland’s External Economic Relations inMay 2012. According to the Plan, a strategic steering group and secretariat working under the Prime Ministerwill draw up long-term strategic guidelines in view of promoting exports and internationalisation of Finnishbusinesses. One of the key premises of the Action Plan is that the focus of our economic and commercial relationsis shifting towards developing markets like India. We will see the diverse cooperation between Finland and Indiastrengthening even further in the future. The Embassy of Finland in New Delhi stands ready to do its best tofacilitate this positive development.H.E. Ms. Terhi HakalaAmbassador of Finland FINLAND-INDIA BUSINESS GUIDE 2012-13 l 5
  6. 6. Finpro ForewordDear Reader,Welcome to explore the 2012-13 Business Guide giving insight to the growing number of Finnish companies,presently 120, who already have established their presence in India. There is almost another hundred companiesexporting to the Indian market or operating in India via agents. Finnish companies investments into India havebeen over 1 billion euros over the years and they are employing already more than 30 000 people.The international success of Finnish companies is very important to Finland. Finpro through its services assistscompanies, especially the SME’s to boost their success in the different phases of internationalization. Finpro’sglobal network involves 400 professionals in 68 locations in almost 50 countries. Finpro operates under theEmbassy of Finland in New Delhi. Additional to New Delhi we have dedicated partners working for us in Mumbaiand Chennai.In June 2012 Investment In Finland operations were merged into Finpro, thus our responsibility being to increasepromotion of inward investment into Finland. There are already many India companies established in Finland. Thegoal is to attract further investments into Finland.Due to the changes in the international business environment and shift in economic focus towards the emergingmarkets, Finnish SMEs are increasingly evaluating business possibilities within India’s 28 states and adjacentmarkets.The growth in the international business sector in India is about 6% annually, which translates into marketpotential for Finnish companies in developing sectors like: urban infrastructure, transport, building, automationin manufacturing, ICT in software & services, healthcare, education systems, food supply chain etc..The main goal of the Indian Government Five Year Economic plan 2012-17 is faster, more sustainable and widerspread economic wealth for the Indian people which further enhances the fact that there is potential to be found.Finpro professionals are here at your service! We are part of the core team in the newly established TEAM FINLANDnetwork.Best regards,Leena ÖsterbergHead of Trade Center, Finpro India6 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  7. 7. Cleantech MessageDear friends,I am happy to introduce to you the 2012-13 edition of the Business Guide, which serves as an introduction tothose both in India and Finland, who want to learn more about business opportunities.Cleantech is commonly acknowledged, in economic as well as environmental sectors, as one of the keys toenhancing quality of life and making it sustainable for the future. We at Cleantech Finland have been thinkingof new ways to link the expertise of our network with the demand in India. The solution is up and running! In thebeginning of the 2012, Cleantech Finland launched the SOLVED expert service that offers you access to leadingcleantech experts.Finnish companies are global leaders in energy efficiency, clean industrial processes, and bioenergy. Other keysectors are analysis and automation, renewable energy, water and wastewater treatment, waste management,and emissions reduction.Cleantech Finland is a network of top cleantech experts. We connect clients, partners, investors and otherstakeholders with the best cleantech expertise. We want to provide a partnership that complements thesustainable development in India.Today, cleantech is a driver for India-Finland economic and innovation cooperation. Finnish cleantech companiesexplore business opportunities in India’s market, and strengthen their cooperation with local companies. Throughthe SOLVED expert service Cleantech Finland can help you find the best cleantech solutions to match your need.It is easy, fun and interactive. Just sign up, spread the word and start using Solved.Let’s solve the world’s greatest problems!Santtu HulkkonenExecutive DirectorCleantech Finland, Finpro FINLAND-INDIA BUSINESS GUIDE 2012-13 l 7
  8. 8. FinNode MessageDear Innovator,FinNode India is part of the Finnish FinNode innovation network. FinNode connects Finnish and internationalexperts and the know-how required to promote innovation. It reveals new openings for Finnish business andresearch organisations and supports their internationalisation. FinNode is an entity through which foreignpartners can engage with all the central public innovation organisations in Finland. The other network countriesare USA, China, Russia and Japan.FinNode India has identified opportunities for Finland-India collaboration in areas like clean water, energyefficiency, health and biotechnology, skills development and ICT. One overlapping interest area is frugal andinclusive innovation, where India has a lot to share with the rest of the world. FinNode India initiates joint projectsin these focus areas to foster collaboration between India and Finland, to evaluate opportunities, and to identifynew business models.Interest towards cooperation between Finnish and Indian organisations is growing fast. Finnish business,university and government delegations have visited India multiple times over the last year looking for concreteopportunities for doing things together. During the same time, three calls for joint research were executed withjoint funding by Finnish and Indian government bodies. An interesting example of activities in FinNode’s projectswas a piloting trip of small Finnish companies to rural Bihar. The companies were to test their innovations, such asan affordable house concept based on aluminium house frame, in real life settings with local people having longtradition of frugal innovation methods.Finland and Finnish organisations are strong in innovation and scaling up the innovations into wide use. Manyglobally leading and highly innovative Finnish companies are listed in this Business Guide.Let’s co-create solutions to the needs and problems of today and tomorrow!Riku MäkeläDirector, FinNode India8 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  9. 9. Country Facts Finland – SuomiForm of State Parliamentary RepublicArea 338,000 sq. km.Capital HelsinkiOther Important Cities Espoo, Vantaa, Tampere, Turku, Oulu, Lahti, Kuopio, Jyväskylä, PoriImportant Ports Helsinki, Turku, Naantali, Oulu, Kotka, Hamina, Kokkola, PorvooNeighbouring Countries Sweden, Norway, Russia, EstoniaMajor Languages Finnish, Swedish (official languages), English (widely spoken)Major Religions Christianity (77 per cent are Lutheran)Climate Distinctive seasonal variations with cold winters and warm summersPopulation 5.4 millionLife Expectancy 83 years (women), 77 years (men)Adult Literacy Rate 100 per centUrban Population 67 per centForest Area (Percentage of total land area) 86 per centEnergy Sources in Electricity ProductionCoal 11.8 per centOil 0.4 per centNatural Gas 10.9 per centHydro 14.6 per centSolar -Wind 0.3 per centBiomass and Waste 12.7 per centNuclear 26.4 per centPeat 6.2 per centNet Imports 16.4 per cent FINLAND-INDIA BUSINESS GUIDE 2012-13 l 9
  10. 10. India - Bharat Form of State Federal Republic, Parliamentary Democracy Area 3.3 million sq. km. (divided into 28 States and 7 Union Territories) Capital New Delhi Other Important Cities Mumbai, Kolkata, Chennai, Pune, Bengaluru, Hyderabad Important Ports Mumbai, Kolkata, Chennai Neighbouring Countries Pakistan, China, Bhutan, Nepal, Myanmar, Bangladesh Major Languages Hindi, English (official languages) Major Religions Hinduism, Islam, Christianity, Sikhism Climate Wide variations from mountain climate in the north to tropical climate in the south Population 1.24 billion Life Expectancy 68 years (women), 66 years (men) Adult Literacy Rate 65 per cent (women), 82 per cent (men) Urban Population 30 per cent Forest Area (Percentage of total land area) 21 per cent Energy Sources in Electricity Production * Coal 56.9 per cent Oil 0.6 per cent Natural Gas 9.1 per cent Hydro 19.0 per cent Renewable Energy Sources(RES) include SHP, 12.1 per cent BG, BP, U&I and Wind Energy Nuclear 2.3 per cent Peat - Net Imports -* Total Installed Capacity of India 201110 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  11. 11. Trade and Economy Finland* India** GDP at Current Prices EUR 189 billion EUR 1,300 billion GDP per Capita at Current EUR 35.150 EUR 1.080 Prices GDP Growth at 2.7 per cent 7.2 per cent Constant Prices GDP Composition by Agriculture: 2.9 per cent Agriculture: 18.1 per cent Activity Industry: 29.2 per cent Industry: 26.3 per cent Services: 69.4 per cent Services: 55.6 per cent Inflation 3.3 per cent 8.6 per cent Total Exports EUR 57 billion EUR 235 billion Main Exports (worldwide) Forest industry products, chemical Petroleum products, textile goods, industry products, electrical & electronic gems & jewellery, engineering products, metal & metal products, goods, chemicals, agricultural machinery & equipment products Total Imports EUR 60 billion EUR 379 billion Main Imports (worldwide) Chemical industry products, mining & Petroleum (crude and products), quarrying products, electric & electronic machinery, gems, fertilizers, products, machinery & equipment, chemicals, transport equipment* Finnish figures are for the year 2011** Indian figures are for the financial year 2011-12 FINLAND-INDIA BUSINESS GUIDE 2012-13 l 11
  12. 12. Bilateral TradeFinland-India Trade 2002-2011 (EUR million) 2000 1800 1600 1400 1200 1000 800 600 400 Exports, services Exports, goods 200 Imports, services Imports, goods 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011Finnish Imports from India 2011 0% 0% 0% 0% 2% 2% 6% 6% Mineral fuels 10% Miscellaneous manufactured articles Basic manufactures 59% Chemicals and related products, nes Machinery, transport equipmt Live animals 15% Crude materials, inedible, except fuels Goods not classified elsewhere Animal, vegetable oil, fat Beverages and tobacco12 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  13. 13. Finnish Imports from India 2011 (EUR million) Mineral fuels 394 Miscellaneous manufactured articles 100 Basic manufacturers 67 Chemicals and related products, nes 43 Machinery, transport equipmt 41 Live animals 12 Crude materials, inedible, except fuels 11 Goods not classified elsewhere 2 Animal, vegetable oil, fat 1 Beverages and tobacco 0 Others 2 0 50 100 150 200 250 300 350 400 450Finnish Exports to India 2011 0% 0% 0% 0% 1% 0% 5% 5% 6% Machinery, transport equipment Basic manufacturers 56% Chemicals and related products, nes 27% Crude materials, inedible, except fuels Miscellaneous manufactured articles Goods not classified elsewhere Food and live animals Beverages and tobacco Mineral fuels etc FINLAND-INDIA BUSINESS GUIDE 2012-13 l 13
  14. 14. Finnish Exports to India 2011 (EUR million) Machinery, transport equipment 350 Basic manufacturers 171 Chemicals and related products, nes 35 Crude materials, inedible, except fuels 34 Miscellaneous manufactured articles 32 Goods not classified elsewhere 3 Food and live animals 1 Beverages and tobacco 0 Mineral fuels 0 Animal, vegetable oil, fat 0 Others 0 0 50 100 150 200 250 300 350 400Turnover of Finnish Companies andExports to India (EUR million) 8000 7000 6000 5000 4000 3000 2000 Exports, services 1000 Exports, goods 0 Turnover of Finnish 2002 2003 2004 2005 2006 2007 2008 2009 2010 companies in India14 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  15. 15. Setting Up a Business in FinlandBusiness operations in Finland can be conducted as:• A private entrepreneur• A partnership• A limited liability company (formed by one or more individuals or legal entities)• A cooperative• A branch of a foreign companyBusiness can be carried on in Finland by a natural person who is resident of the EuropeanEconomic Area, Finnish organisation or foundation or a foreign organisation or foundationwhich has established a branch in Finland, established under the laws of a country belongingto the EEA and which has its registered office, central administration or principal place ofbusiness in a country belonging to the EEA. Most businesses must be registered with theTrade Register. Limited liability companies and co-operatives are among the most commoncompany forms that are created through registration. When determining the best suited formof conducting business activities in Finland, the following points should be considered:1. Number of FoundersIndividual entrepreneurs can conduct business activities in the form of a single-membercompany or as a private entrepreneur. Partnerships require minimum of two founders andcooperatives, at least three founders. A limited liability company may be a single-membercompany or may have several founders.2. Required CapitalFor setting up a limited liability company, a minimum share capital of EUR 2,500 is required.There are no minimum capital requirements for cooperatives or general partnerships. Forlimited partnerships, a monetary investment is needed from the silent partner.3. Division of Responsibilities in the EnterprisePrivate entrepreneurs, partners in general partnerships and general partners in limitedpartnerships are responsible for any liabilities of the business with their personal property.Shareholders in limited liability companies and members of cooperatives are responsible onlyfor the amount of capital they have invested. FINLAND-INDIA BUSINESS GUIDE 2012-13 l 15
  16. 16. 4. Flexibility of ActivitiesA private entrepreneur is able to make all decisions on his/her own, partners in a general partnership and generalpartners in a limited partnership make decisions either jointly or solely, and limited liability companies arerepresented by their Board of Directors. In cooperatives, decisions are based on one member-one vote principle,irrespective of the amount of each member’s investment.5. Continuity of OperationsIn partnerships, if stated in the original agreement contract, the share of one partner can be transferred toanother person with the agreement of the other partners. In limited liability companies, shareholder changesdo not have an effect on the existence of the company. Memberships of a cooperative cannot be sold, but if asufficient level of unanimity is reached, the cooperative itself can be sold.6. Profit Distribution and Loss CoverageA private entrepreneur retains all profits but is also responsible for possible losses. In general partnerships,profits and losses are distributed among the partners either as decreed by the law or as stated in the partnershipagreement. Silent partners in limited partnerships are paid a share of the profit stated in the partnershipagreement, but they do not contribute to the coverage of losses.Limited liability companies pay their shareholders dividends, based on the amount of shares of each shareholder.Dividends can be paid only from the profits of previous accounting periods or unrestricted shareholders’ equityafter subtracting possible losses. In a limited liability company, the shareholders are responsible for the lossesonly for the amount they have invested, unless personal guarantees have been pledged for the company’s debts.The purpose of cooperatives is to provide services for their members, not obtaining profit as such. Surpluses canhowever, be distributed to the members, for example, in the form of extra wages, after first filling the reserverequirements laid on the cooperative.7. TaxationTax treatment varies depending on the form of the business, especially in regard to direct taxation. The jointeffect of tax burdens falling on the form of business and on the entrepreneur(s) determines the choice that ismost profitable in each specific case.Permits Required from Foreign EntrepreneursNon-EU citizens are allowed to stay in Finland with a tourist status for three months; however, if they wish towork, they are requested to apply for a residence permit, even if the period of stay is for less than three months.Entrepreneurs entering Finland with an entrepreneur status are requested to apply for an entrepreneur’sresidence permit, while still outside Finland.More information can be found in the EnterpriseFinland web portal, www.yrityssuomi.fi16 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  17. 17. Setting Up a Business in IndiaA foreign company can set up business operations in India either as a foreign company byestablishing a liaison/representative office, project office or branch office or as a domesticcompany through equity participation in a joint venture company or as a wholly-ownedsubsidiary.A foreign company is one that has been incorporated outside India and establishes a place ofbusiness within India. Domestic companies are those incorporated in India. They are subjectto same rules and regulations as Indian companies.Liaison/Representative OfficeA foreign company can set up a liaison/representative office in India to collect data aboutpossible market opportunities, and provide information about the company and its productsto prospective Indian customers. Liaison office is allowed to represent the parent companyin India, promote export/import to/from India, promote technical or financial collaborationsbetween parent company and companies in India, and act as a communications channel.Liaison office is not allowed to undertake any commercial, trading or industrial activity.Additionally, its operations in India are to be met out of inward remittances received fromabroad.The companies willing to open a liaison office have to make an application to the ReserveBank of India (RBI). The process of approval takes about three weeks. Permission to set up aliaison office is usually granted for an initial period of three years, which may be extendedfrom time-to-time.Project OfficeA foreign company may open a project office in India provided it has secured from an Indiancompany, a contract to execute a project in India. Since project offices can be establishedonly for a limited period of time, it is usually companies engaged in turnkey or installationprojects that are setting them up. As per revised guidelines, recently issued by the RBI, noprior approval is required for setting up a project office. FINLAND-INDIA BUSINESS GUIDE 2012-13 l 17
  18. 18. Branch OfficeForeign companies manufacturing or trading abroad are permitted to set up branch offices in India for export/import of goods, rendering services, carrying out research work, promoting collaborations, representing theparent company, and acting as a buying/selling agent in India.Permission for setting up branch offices is granted by the RBI on a case-to-case basis. Before granting theapproval, the RBI normally takes into consideration the operating history of the applicant company worldwideand its proposed activities in India. The process of obtaining approval from the RBI takes about three weeks.Wholly-owned SubsidiaryThe first step in the establishment of a wholly-owned subsidiary is to find out whether 100 per cent foreignequity and entry through automatic route are allowed. This means that no prior government approval is required.Nowadays, this is the case apart from a few sectors, which are either subject to Foreign Investment PromotionBoard (FIPB) approval or restricted altogether.The norms for Foreign Direct Investment (FDI) in India are governed by the Foreign Direct Investment Policy of theGovernment of India, Foreign Exchange Management Act 1999 and the Foreign Exchange Management (Transferor issue of security by a person residing outside India) Regulations 2000 issued by the RBI.For registration as an Indian company and its incorporation, an application has to be filed with the Registrarof Companies (ROC). A private limited company in India requires a minimum of two shareholders and a publiclimited company, a minimum of seven members. The minimum capitalisation norms for private and publiccompanies are ` 100,000 and ` 500,000 respectively.Joint VentureThe same rules applicable to wholly-owned subsidiaries, apply to joint venture companies, the only differencebeing the form of partnership between Indian and foreign companies. This is often a practical way to establisha presence. Setting up of operations through a joint venture can entail advantages like established distributionset-up, available financial resources and established contacts that help smoothen the process of setting up ofoperations.18 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  19. 19. Information for Business TravellersInformation for Finnish Business TravellersFinnish business travellers to India require a visa, which has to be applied online at the website of Indo-GermanConsultancy Services (IGCS) Oy, The Embassy of India to Finland has outsourced the entire visaservices from December 5th 2011. After applying online, the applicant has to submit the printout of the onlinefilled application form with pasted photograph, passport and other documents to IGCS.General requirements for business visa:• Filled-in online visa application form• Visa fee• Passport valid for a minimum of six months with at least two blank pages• One colour photo pasted on the application form• Guarantee letter from employer• Invitation letter from IndiaPlease refer to the webpage of the Embassy of India in Helsinki ( or IGCS ( all information concerning visa – including visa fee and the mode of payment.Processing time for visa applications is normally five working days. However, in case of genuine emergency, visacan be granted earlier, subject to the decision of competent authority.Business visas are granted to applicants who wish to visit India to establish an industrial/business venture or toexplore possibilities to set up industrial/business venture, or wants to purchase/sell industrial products in India.Business visas are valid for up to one year. Long-term business visas valid for up to five years with multiple entriescan also be granted to Finnish and Estonian nationals. Each application will be examined on merit.For more information, please contact:Indo-German Consultancy Services, (IGCS) OyHitsajaankatu 20, Herttoniemi, 00810 HelsinkiTel: +358 (0)10 320 7560Fax: +358 (0)10 296 05 64E-mail: info@igcsvisa.fiWebsite: http://igcsvisa.fiInformation for Indian Business TravellersFinland is a Schengen state. The Schengen visa for Finland is issued by the Embassy of Finland in New Delhi. Theprocessing time is 12 working days.Visa applicants who have been to the schengen state can apply through an agent or representative. First timeapplicants have to come to the Embassy or apply to nearest consulate. Schengen visa issued by the Embassy canbe valid for maximum 90 days during six months from the date of entry. First time business travellers are usuallyissued visa for the duration of their sojourn in Finland. Visas can be issued for single, double or multiple entries.• For information relating to visa, please visit the webpage of the Embassy of Finland in New Delhi ( FINLAND-INDIA BUSINESS GUIDE 2012-13 l 19
  20. 20. Business Facilitators Finpro Finpro is a consulting network focused on accelerating the internationalisation of Finnish companies while managing the risks involved. Finpro carries out this national task through a client-oriented approach in cooperation with other service organisations working towards the same goals. It operates through a unique global network of over 68 Finland Trade Centres across 42 countries. Address (Head Office): Finpro – Finland Trade Centre F-130, Ground Floor, Malcha Marg New Delhi-110 021, India Tel: +91-11-4309 2400 Fax: +91-11-4309 2420 Website: Address (Mumbai Office): Finpro Mumbai – Finland Trade Centre C/o. Times International Consulting 601, Maithili’s Signet, 6th Floor Plot # 39/4, Sector 30-A, Vashi Navi Mumbai-400 705, India Tel: +91-22-2781 4470/71/72 Fax: +91-22-2287 6013 Address (Chennai Office): Finpro Chennai – Finland Trade Centre C/o Findian Consulting Level-8, Tower-II, TVH Beliciaa Towers Block No 94, M R C Nagar Chennai-600 028, India Tel: +91-44-3988 2040 Fax: +91-44-3914 176020 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  21. 21. Embassy of Finland in New DelhiDiplomatic relations between India and Finland were established on October 1, 1949. Thesame year, Finland opened its Embassy in New Delhi. The Embassy celebrated 60 years ofdiplomatic relations with India on October 1, 2009.Address: Kolkata (Calcutta):E-3, Nyaya Marg, Chanakyapuri, Mr Satish KapurNew Delhi-110 021, India Honorary ConsulTel: +91-11-4149 7500 C/o Mahadev Paper CorporationFax: +91-11-4149 7555 7A, A. J. C. Bose Road, (Second Floor)E-mail: Kolkata-700 017, IndiaWebsite: Tel: +91-33-2287 4328, 2290 1960 Fax: +91-33-2287 4329Honorary Consulates of Finland E-mail: mpc3408@dataone.inBengaluru (Bangalore): Mumbai (Bombay):Mrs Geetanjali Kirloskar Mr Shreyas Kirtilal DoshiHonorary Consul Honorary ConsulC/o Kirloskar Systems Ltd. C305, Dharam PalaceSeventh Floor, Embassy Star 100-103 N S Patkar MargNo 8, Palace Road, Vasanth Nagar Mumbai-400 007, IndiaBengaluru-560 052, IndiaTel: +91-80-4165 9828 Tel: +91-22-6639 0033Fax: +91-80-4132 7560 Fax: +91-22-6639 0044E-mail: E-mail: finconsmumbai@shrenuj.comChennai (Madras):Mr M. Ct. P. ChidambaramHonorary Consul202 (Old 742) Anna SalaiChennai-600 002, IndiaTel: +91-44-2852 4141Fax: +91-44-2852 1253E-mail: finconschennai@gmail.comIndo Finnish Business Forum (IFBF)Indo Finnish Business Forum (IFBF) was established in 2005 with the objective of promotingand developing business relations and networking between Finland and India. All theFinnish companies operating in India and Indian companies having presence in Finlandare welcomed to join IFBF.Address:Finpro – Finland Trade CenterF-130, Ground Floor, Malcha Marg, New Delhi-110 021, IndiaTel: + 91-11-4309 2400, Fax: +91-11-4309 2420Website: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 21
  22. 22. CLEANTECH Cleantech Finland FINLAND CLEANTECH FINLAND® is a network of top cleantech experts. The company connects clients, partners, investors and other stakeholders with the best cleantech expertise. For decades, Finnish cleantech companies have solved environmental challenges making us global leaders in energy efficiency, clean industrial processes and bioenergy. Today, Cleantech offers you the best cleantech expertise. Problem solving is in Cleantech‘s nature. Address: F-130, Ground Floor, Malcha Marg, New Delhi-110 021, India Tel: +91-11-4309 2400, Fax: + 91-11-4309 2420 Mobile: +91-99719 00682 E-mail: Website: FinNode FinNode is a global network of Finnish innovation organisations. It connects Finnish and international experts and provides the know-how required to promote innovation. FinNode reveals new openings for Finnish business and research organisations and supports their internationalisation. Foreign partners can engage with all central public innovation organisations in Finland through FinNode India. FinNode’s network consists of the Ministry of Employment and the Economy, the Ministry for Foreign Affairs, Finpro, Tekes (the Finnish Funding Agency for Technology and Innovation), Sitra (the Finnish Innovation Fund), VTT Technical Research Centre of Finland and the Academy of Finland. The Ministry of Education and Culture and the Confederation of Finnish Industries EK also participate in directing FinNode’s activities. Finpro and Embassy of Finland are the key participants in FinNode India’s operations in New Delhi, Chennai and Mumbai. Address: FinNode India F-130, Ground Floor, Malcha Marg, New Delhi-110 021, India Tel: +91-11-4309 2400, Fax: + 91-11-4309 2420 E-mail: Website: Finnish-Indian Trade Association The purpose of the Finnish-Indian Trade Association is to develop relations between Finland and India in the fields of trade, industry and other lines of business. The Trade Association forms a forum for discussion. The primary task of the Trade Association is to act as a networking primus motor in Finland. The Trade Association brings together companies and private persons engaged in business between Finland and India. There are some 50 members representing various business sectors. Address: Finnish-Indian Trade Association C/o WTC Helsinki PL 800 00101 Helsinki Tel: +358-9-4242 6228 Website: l FINLAND-INDIA BUSINESS GUIDE 2012-13
  23. 23. Finnish Tourist Board (MEK)Visit Finland – IndiaVisit Finland works in close cooperation with the Indian and Finnish travel and tourismindustry, implementing and financing marketing projects for Visit Finland. One of the jointgoals is to develop more enticing, competitive products for visitors to Finland.Address:Ms Papori Bharati, Marketing Representative503, Devika Apartments, Sec - 4 VaishaliGhaziabad, UP-201 010, IndiaTel:+ 91 120 411 27 44Mobile: + 91-98713 86203, +91-99539 60020E-mail: visitfinland.india@gmail.comWebsite: www.visitfinland.comThe Finnish Innovation Fund, SITRASitra is an independent public foundation under the supervision of the Finnish Parliament.Its activities are designed to promote the economic prosperity of the Finnish people. Sitrafocuses its operations on programmes through research and training, innovative projects,business development and corporate funding.Address:Itämerentori 2, PO Box 160FIN-00181 HelsinkiTel: +358-9-618 991Fax: +358-9-645 072E-mail: sitra@sitra.fiWebsite: www.sitra.fiFinnish Fund for Industrial Cooperation Ltd.Finnish Fund for Industrial Cooperation Ltd. (FINNFUND) is the Development FinancialInstitution of Finland. It provides long-term risk financing for private projects in developingcountries and select transition economies.Address:Dr Anand K Sethi, Adviser in India14-F, Basant Lok, Vasant ViharNew Delhi-110 057, IndiaTel: +91-11-2614 0346, 2614 0609Fax: +91-11-2614 5598E-mail: anand_sethi@vsnl.comWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 23
  24. 24. Pohjola Bank Plc Pohjola Bank is the corporate banking arm of OP-Pohjola Group, the leading financial institution in Finland with a balance sheet of over EUR 94 bio and a network of over 500 branches. Pohjola provides its corporate and institutional customers with a full range of banking, non-life insurance and asset management services. In India, Pohjola Bank offers a range of local banking services to Finnish companies’ subsidiaries through partnerships and correspondent banking arrangements. Pohjola Insurance has a partnership with the international RSA Insurance Group, through which Pohjola can offer local insurance cover in India. In addition, Pohjola has a consultant in India to support Finnish companies. Companies’ specific needs concerning setting up business operations in India, selecting a local banking partner, opening bank accounts and choosing the right business location can be addressed through Pohjola Bank’s Consultant for India: Mr Bhupendra J. Shah Mobile +91-98210 95504 E-mail: Website: Handelsbanken Handelsbanken conducts universal banking operations in the Nordic countries, Great Britain, Germany and Poland. It is also building a branch network in the Netherlands, France and Spain. In Asia, the bank operates in China, Hong Kong, Taiwan, Singapore, Malaysia and India. The bank is one of the largest lenders to Finnish companies and employs over 700 people in Finland. Worldwide, there are 702 branches in 22 countries. The Indian office, located in Mumbai since 2006 and staffed with three persons, supports customers doing business in India by providing access to bank accounts and necessary operational credits. Imports and exports to/from India requiring letters of credits or guarantees is facilitated by the bank’s experienced trade finance teams. The bank offers customer financing for large Indian-related export deals as well as financing of infrastructure projects. Handelsbanken also provides foreign currency loans to Finnish companies in India. Indian companies looking for business opportunities in the Nordic area can avail themselves of the banks corporate finance specialists. Address: Mr Ashish Gupta Chief Representative Sixth Floor, Housefin Bhavan, C21 Bandra Kurla Complex Bandra East, Mumbai-400 051, India Tel: +91-22-2657 3826, Mobile: +91-98336 33169 Website: www.handelsbanken.com24 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  25. 25. Invest in Finland, Finpro ryInvest in Finland offers a full set of professional, hands-on investment services for Indiancompanies that are always tailored according to their specific needs. The services coverevery stage of setting up a business in Finland, ranging from initial data collection andopportunity analysis to networking and the actual business launch.Address:Porkkalankatu 1FIN-00180 Helsinki, FinlandTel: +358-204-695 555Fax: +358-204-695 201Website: www.investinfinland.fiNokia Growth PartnersNokia Growth Partners is a global venture capital firm with US$ 250M under managementfor direct investment in promising mobile companies. The company also advises andmanages US$ 100M for investments in other venture capital firms through Nokia’s Fundof Funds Program.Address:NGP Advisors India Pvt. Ltd.Industrial Plot #243, Udyog Vihar Phase-IGurgaon-122 016, IndiaE-mail: ngpteam@nokiagrowthpartners.comWebsite: www.nokiagrowthpartners.comEuropean Business and Technology Centre (EBTC)European Business and Technology Centre (EBTC) was established on October 1, 2008.The EBTC is the reference point for promoting European business and research in India.EU companies will be able to contact the EBTC to receive information and support fortheir activities in the country, with focus on the environmental sector, energy, biotech andtransport.The EBTC is operated by EUROCHAMBRES consortium consisting of 16 businessorganisations, academic and research institutes from all over the EU. The centre works inclose cooperation with the already established national service providers and bilateralChambers of Commerce to ensure a complementarity of activities and thus, an addedvalue for European businesses. Finpro is a part of the cluster. It is heading the environmentcluster’s activities.Address:DLTA Complex, South Block, First Floor1, Africa Avenue, New Delhi-110 029, IndiaTel: +91-11-33521512Fax: + 91-11-33521501Mobile: + 91-98994 69188E-mail: verma@ebtc.euWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 25
  26. 26. Finnvera plc. Finnvera plc. is a specialised financing company offering financial services to promote the domestic operations of Finnish businesses, and to further exports and internationalisation of enterprises. Its total export guarantee commitments involving India amount to around EUR 100 million. Address: PO Box 1010, FIN-00101 Helsinki Fax: +358-29-460 2580 Website: Finnish Funding Agency for Technology and Innovation, TEKES Tekes is the main public funding organisation for research and development in Finland. It funds industrial projects as well as projects in research organisations and especially promotes innovative, risk-intensive projects. Tekes offers partners from abroad, a gateway to the key technology players in Finland. Address: PO Box 69, FIN-00101 Helsinki Tel: +358-10-191 480 Fax: +358-9-694 9196 E-mail: Website: VTT Technical Research Centre VTT is an impartial expert organisation that carries out technical and techno-economic research and development work. VTT also produces information services. Address: VTT Technical Research Centre of Finland PO Box 1000, FIN-02044 VTT Tel: +358-20-722 111 Fax: +358-20-722 7001 E-mail: Website: The Academy of Finland The Academy of Finland provides funding for high quality scientific research, serves as an expert organisation in science and science policy and strengthens the position of science and research. Address: Hakaniemenranta 6 PO Box 131, FlN-00531 Helsinki Tel: +358-9-774 881 Fax: +358-9-7748 8299 Website: www.aka.fi26 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  27. 27. Confederation of Finnish Industries, EKConfederation of Finnish Industries EK represents all sectors of business and all sizes ofcompanies.• About 16,000 member companies, of which 95% are SMEs• Over 70% of Finland’s GDP• Over 95% of Finland’s exports• About 950,000 employeesAddress:PO Box 30, FIN-00131 HelsinkiContact person: Ms Satu ToivonenTel: +358-40-821 2097E-mail: satu.toivonen@ek.fiWebsite: www.ek.fiFinnpartnershipThe Finnish business partnership programme, Finnpartnership, provides advisory servicesfor business activities of Finnish companies in developing countries and financial supportin the planning, development and implementation phases of a project.Address:C/o FinnfundPO Box 391, FIN-00121 HelsinkiTel: +358-9-3484 3314Fax: +358-9-3484 3346Website: www.finnpartnership.fiFinnfactsFinnfacts is an independent media service unit that operates as an interface betweenforeign media and Finnish industry and business. Finnfacts is a source of information onFinnish industry and business.Address:PO Box 147, FIN-00131 HelsinkiE-mail: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 27
  28. 28. India Embassy of India in Helsinki India opened its Embassy in Helsinki in 1968. Address: Satamakatu 2A8, FIN-00160 Helsinki Tel: +358-9-228 9910 Fax: +358-9-622 1208 E-mail: Website: Confederation of Indian Industry CII is a non-government, non-profit, industry-led and industry-managed organisation, playing a proactive role in India’s development process. Founded over 114 years ago, it is India’s premier business association, with a direct membership of over 7,800 organisations from the private as well as public sectors, including SMEs and MNCs. It closely interacts on policy issues at both the central and state government levels. Address: The Mantosh Sondhi Centre, 23, Institutional Area Lodhi Road, New Delhi-110 003, India Tel: +91-11-2462 9994/7 Fax: +91-11-2462 6149 E-mail: Website: Federation of Indian Chambers of Commerce and Industry FICCI is the voice of India’s business and industry and has direct membership from the private as well as public sectors. FICCI works closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialised services and global linkages. It also provides a platform for sector-specific consensus building and networking. Address: Federation House, Tansen Marg, New Delhi-110 001, India Tel: +91-11-2373 8760/70 Fax: +91-11-2372 1504, 2332 0714 E-mail: Website: www.ficci.com28 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  29. 29. NASSCOMNASSCOM (earlier National Association of Software and Service Companies) is the premiertrade body and the chamber of commerce of the IT software and services industry in India.The organisation was set up to facilitate business and trade in software and services, and toencourage advancement of research in software technology.Address:International Youth CentreTeen Murti Marg, Chanakyapuri, New Delhi-110 021, IndiaTel: +91-11-2301 0199, Fax: +91-11-2301 5452E-mail: info@nasscom.inWebsite: www.nasscom.inMinistry of TourismThe Ministry of Tourism provides travellers with useful information about travel destinations,train and flight ticket bookings, accommodation, places to eat, etc.Address:Transport Bhavan, Parliament Street, New Delhi-110 001, IndiaTel: +91-11-2371 1995, Fax: +91-11-2371 0518E-mail: contactus@incredibleindia.orgWebsite: www.incredibleindia.orgIndia Brand Equity Foundation (IBEF)India Brand Equity Foundation (IBEF) is a public-private partnership between the Ministryof Commerce and Industry, Government of India, and the Confederation of Indian Industry.It aims to effectively present the India business perspective and leverage businesspartnerships in a globalising marketplace.Address:Confederation of Indian Industry249-F Sector 18, Udyog Vihar Phase IVGurgaon-122 015, Haryana, IndiaTel: +91-124-401 4060/67, Fax: +91-124-401 3873E-mail: ceo@ibef.orgWebsite: www.ibef.orgFederation of Indian Micro, Small & Medium Enterprises (FISME)FISME is the leading trade body of SMEs in India. It is a large network of geographical andsectoral SME associations present all over the country. Having a strong reform orientation,it primarily focuses on trade and market access issues and besides providing trade support,is engaged in studies, research and advocacy on behalf of SME sector.Address:B-4/161 Safdarjung Enclave,New Delhi-110 029, IndiaTel: +91-11-2618 7948, 26712064, 46023157, 46018592, 26109470Fax: +91-11-2610 9470E-mail: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 29
  30. 30. Indian Companies in Finland An increasing number of Indian companies are now reaching out for overseas destinations in order to access high-growth markets, technology and knowledge, boost their positioning in the value chain, attain economies of size and scale of operations, to tap global natural resource banks and leverage international brand names for their own brand building. Finland as a gateway to the EU, the Baltic and the Russian markets attracts Indian companies to locate their businesses there. Almost all leading Indian IT companies have a presence in Finland, but also other industries are discovering Finland. Blue Star Infotech Ltd. Brief Profile Founded in 1983 and headquartered in Mumbai (India), Blue Star Infotech is a part of the Blue Star Group. The company has operations in India, USA, Japan, UK and Europe. Blue Star Infotech is a global provider of product services, enterprise services, travel and hospitality services, and independent testing services. Finland Operation Details The company has a marketing office and service branch in Espoo, since 2000. Address: Tekniikantie 12, 02150 Espoo Tel: +358-9-2517 5080, Fax: +358-9-455 3117 E-mail: Website: Corus Finland Oy Brief Profile Corus manufactures, processes, and distributes steel products and services to customers worldwide. Corus is part of the Tata Steel Group, one of the world’s top 10 steel producers. Corus is Europe’s second largest steel producer. Finland Operation Details Corus Finland Oy has a sales office in Helsinki since 1996. Address: Tata Steel International Hitsaajankatu 22, 00810 Helsinki Tel: +358-9-454 2450, Fax: +358-9-4542 4520 E-mail: Website: l FINLAND-INDIA BUSINESS GUIDE 2012-13
  31. 31. Digient Technologies Pvt. Ltd.Brief ProfileDigient Technologies is a leading end-to-end software services provider specialising inapplication development, product development, maintenance, and testing for industriessuch as gaming, retail, marketing, media, entertainment, eLearning, travel and hospitalityand eBusiness. The company was established in 2007.Finland Operation DetailsDigient Technologies has a sales office in Finland.Address:Digient Technologies FinlandMannerheimintie 5 BFIN-00100, Helsinki, FinlandTel: +358-40 55 28 373E-mail: sales@digient.inWebsite: www.digient.inEvalueserve Nordic ABBrief ProfileEvalueserve offers high quality knowledge services in investment research, businessresearch, intellectual property, market research and financial analytics to clients worldwide.Founded in 2000, it has operations centres in India, China and Chile and a strong salespresence across all major global locations.Finland Operation DetailsThe company has a sales office in Finland since 2008.Address:C/o Mäkitalo RantanenAttorneys-at-LawEteläesplanadi 18, 00130 HelsinkiTel: +358-9-684 4410Website: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 31
  32. 32. Industeel Nordic AB Brief Profile Industeel is a subsidiary of the Indian ArcelorMittal Group, specialised in advanced technology of carbon steel, alloy and stainless steel plates. Operating three complementary industrial plants in France and Belgium, Industeel also has a network of 40 sales offices throughout the world. Finland Operation Details Industeel has a sales office in Helsinki. Address: Yrjönkatu 9 A 3 00120 Helsinki Tel: +358-9-7422 2470 Fax: +358-9-7422 2450 Website: Infosys Technologies Ltd. Brief Profile Infosys Technologies Ltd. is a global leader in the ‘next generation’ of IT and consulting. The company is providing services to customers globally as partners to conceptualise and realise technology-driven business transformation initiatives. Infosys uses a low-risk Global Delivery Model (GDM) to accelerate schedules with a high degree of time and cost predictability. The company has leveraged the global trend of offshore outsourcing. Finland Operation Details In Finland, the company has been operating since 2006 as a wholly-owned subsidiary. Address: Mannerheimintie 12 B, 00100 Helsinki Tel: +358-9-2516 6239 Fax: +358-9-2516 6100 Website: www.infosys.com32 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  33. 33. ITC Infotech India Ltd.Brief ProfileITC Infotech, a fully-owned subsidiary of ITC Ltd., is one of the fastest growing India-basedglobal IT and ITeS company. Founded in October 2000, the company has established itselfas a key player in offshore outsourcing, providing outsourced IT solutions and servicesto leading global customers. The company is rated amongst the ‘World’s Most ReputableCompanies’ by Forbes magazine.ITC Infotech is focused on servicing the manufacturing, Banking, Financial Services andInsurance (BFSI), Consumer Packaged Goods and Retail (CPG&R) and Travel, Hospitality andTransportation (THT) industries across North America and Europe.Finland Operation DetailsITC Infotech Finland has a branch office in Helsinki.Address:Newell Consulting OyPO Box 16, Olari, 02211 Espoo, HelsinkiTel: +358-9-6689 650Fax: +358-9-6689 6510Website: www.itcinfotech.comMedipolis GMP OyBrief ProfileMedipolis GMP Oy is a private company, whose majority stakes are owned by Marvel LifeScience UK, a flagship company of the Indian MJ Group of companies.Finland Operation DetailsMedipolis GMP Oy offers small scale Contract Manufacturing (CMO) services for drugdevelopment and bio-pharmaceutical companies. It specialises in microbial fermentation.Medipolis also offers analytical services through subcontractors.Address:Kiviharjuntie 2, 90220 OuluTel: +358-20-754 5880Fax: +358-20-754 5879E-mail: info@medipolisgmp.comWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 33
  34. 34. Novamass Ltd. Brief Profile Novamass Oy is a contract research company performing ADME studies for drug discovery and development companies. The company’s core competencies are studies on in-vitro drug metabolism, CYP-related drug interactions and permeation. Novamass also provides tailor-made solutions based on LC/MS and NMR techniques (custom analysis) for bio- pharmaceutical and chemical industry, and natural product analysis. Finland Operation Details The University of Helsinki Funds and the Indian Tooltech Software Pvt. Ltd. have the majority holding of Novamass Oy through their joint venture, Systems Biology Worldwide Ltd. Address: Medipolis Centre Kiviharjuntie 11, 90220 Oulu Tel: +358-20-763 9666 Fax: +358-20-763 9660 Website: Sasken Finland Oy Brief Profile Sasken Communication Technology Ltd. (established in 1989) is a global leader in R&D and provides support services to companies across the communications value chain. Sasken provides products and services to leading semi-conductor, terminal device, network equipment and test and measurement companies and service providers globally. It operates in India, China, France, Finland, Germany, Japan, Mexico, the UK and the US. Finland Operation Details Sasken Finland Oy is a subsidiary of Sasken Communication Technologies Ltd. of India and has two subsidiaries in Finland – Botnia Hardware Oy and Ionific Oy. The company provides hardware, software and mechanical design and testing for the wireless industry. Address: PO Box 29 (Vissavedentie 1) FI-69601 Kaustinen, Finland Tel: +358-10-408 1111 Fax: +358-6-861 2370 Website: www.sasken.fi34 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  35. 35. Satyam Computer Services Ltd.Brief ProfileMahindra Satyam Group is a leading global business and information technology servicescompany that leverages deep industry and functional expertise, leading technologypractices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. Satyam ComputerServices is a part of Mahindra Group, one of the top 10 Indian industrial firms. TheGroup’s interests span financial services, automotive products, trade, retail and logistics,information technology and infrastructure development.Finland Operation DetailsThe company has a branch office in Finland since 2008.Address:Satyam Computer Services LimitedPetrasol Oy, Valimotie 13 AFinland-00380 HelsinkiTel: +358-9-473 060, Fax: +358-9-4730 7999Website: www.mahindrasatyam.netSystems Biology Worldwide Ltd.Brief ProfileSystems Biology Worldwide Ltd. is a joint venture established in 2007 by the Universityof Helsinki Funds and Tooltech India Pvt. Ltd. Systems Biology Worldwide is an innovativeand dynamic biotechnology company for drug discovery and development services thatcombines the Finnish and Indian advantages. Their dynamic delivery solution brings topharmaceutical and biotechnology clients, the Finnish high-tech knowledge and Indiancost efficiency.Finland Operation DetailsA joint venture company, it is headquartered in Helsinki with operations in Turku and Oulu.Systems Biology Worldwide’s strategy is to bring Finland’s best research service companiesin pharmaceutical research together, build a research service organisation covering theentire value chain, as well as develop the commercialisation of academic research expertise.Address:Aikatalo Building, Mikonkatu 8, 00100 HelsinkiTel: + 358-10-439 9440, Fax: +358-9-678 783E-mail: info@sbw.fiWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 35
  36. 36. Tanla Oy Brief Profile Tanla Solutions is a leading provider of license management and on-device payment solutions for mobile applications. The core product, Tanla License Manager, provides wireless software vendors and content distributors with an advanced, 24/7 service solution for software license management and on-device payment. Tanla License Manager gives wireless software vendors a possibility to create multiple and flexible end-user licensing options and to ensure revenue flows worldwide; through nearly 90 operator networks and all the major credit cards. Finland Operation Details Tanla Oy, Finland (formerly Openbit Oy) is a wholly-owned subsidiary. The head office is in Tampere and European sales office in Espoo. Address: Aleksanterinkatu 32 B, 33100 Tampere Tel: +358-3212 2893 Fax: +358-3-212 2894 E-mail: Website: Tata Consultancy Services Ltd. Brief Profile Tata Consultancy Services (TCS) is one of the world’s leading information technology companies. Finland Operation Details Tata Consultancy Services has been in the Finnish market for more than 11 years with a registered office in Helsinki since 2008. TCS consultants in Finland are servicing clients within manufacturing, energy resources and utilities, banking and financial services, telecom and retail & distribution. Address: Tata Consultancy Services Ltd. Itämerenkatu 5, 00180 Helsinki Tel: +358-9-4730 7175 Fax: +358-9-4730 7180 E-mail: Website: www.tcs.com36 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  37. 37. Tooltech Europe OyBrief ProfileTooltech is headquartered in Pune, India and has offices in eight countries. It has a poolof trained manpower resources with 80 European nationals. Tooltech is a pioneer inengineering services outsourcing, having recognised the benefits of a global engineeringmodel. The company’s engineering solutions cut across industry verticals: automotive,aerospace, heavy engineering, oil and natural gas, marine and tool design.Finland Operation DetailsTooltech has a subsidiary in Helsinki since 2004.Address:Tooltech Europe OyMikonkatu 8, 00100 HelsinkiTel: +358-40-563 1205Fax: +358-9-678 783Website: www.tooltech.netToxis OyBrief ProfileToxis Oy provides a broad range of biological testing and non-clinical research services. It isa wholly-owned subsidiary of Systems Biology Worldwide Ltd.Finland Operation DetailsToxis Oy is a Turku-based contract research organisation.Address:Lemminkäisenkatu 14-18 C20520 TurkuTel: +358-40-519 0266E-mail: info@toxis.fiWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 37
  38. 38. Wipro Infrastructure Engineering Oy Brief Profile Wipro Infrastructure Engineering Oy develops, manufactures and markets high quality hydraulic components and hydraulic cylinders. Wipro tippers and hydraulics are market leaders in Nordic countries. Wipro Infrastructure Engineering Oy has its own distribution network in Europe. Finland Operation Details In 2006, Wipro Ltd. acquired the Finnish-Nummi Oy with a production plant in Perniö. Address: Wipro Infrastructure Engineering Oy Torpanmäentie 3, PO Box 9, 25501 Perniö Tel: +358-29-055 2849 Fax: +358-29-055 2800 Website: Wipro Technologies Oy Finland Brief Profile Wipro is a global IT services company that leverages comprehensive business and technology solutions across diverse domains. It is the world’s largest independent R&D services provider. The company is present in countries around the world. Finland Operation Details Wipro Technologies Oy Finland is a wholly-owned subsidiary, specialised in product development in telecommunications technology. The Head Office is located in Rovaniemi with 7 development centres around Finland. Address: Wipro Technologies Oy Finland, Rantavitikantie 33, 96300 Rovaniemi PO Box 131, 96101 Rovaniemi Tel: +358-16-333 111 Fax: +358-16-333 1244 Website:, www.wipro.com38 l FINLAND-INDIA BUSINESS GUIDE 2012-13
  39. 39. ZenSar Technologies Ltd.Brief ProfileZenSar is headquartered in Pune and has a global marketing presence. The companydelivers comprehensive services in mission-critical applications, enterprise applications,eBusiness, BPO and knowledge services. Its key verticals are manufacturing, retail, logistics,financial services, telecom and utilities. ZenSar employs more than 5,000 employees and itsturnover is EUR 130 million.Finland Operation DetailsZenSar has a subsidiary in Finland, serving as the sales hub for Northern Europe.Address:ZenSar Technologies Ltd.C/o Nice-business Solutions Finland OyValimotie 16 PO Box 458, FI-00101 HelsinkiTel: +358-9-567 5934, 45-7880 5934Fax: +358-45-7880 8955E-mail: finland@zensar.comWebsite: FINLAND-INDIA BUSINESS GUIDE 2012-13 l 39
  40. 40. Finnish Companies in IndiaCurrently there are more than 100 Finnish companies established in India and the number is constantly rising,with an increasing number of investments in the past 4-5 years. Though Finnish companies are present mainlyas subsidiaries, but a few joint ventures or representative/liaison offices are also there. These companies can beclubbed into the following sectors: Software and Digital Media, Life Sciences, Energy and Environment Forestry,Construction, Logistics and Machinery, and Services.The major geographical concentration is around Delhi and National Capital Region (NCR), Mumbai, NaviMumbai, Pune, Chennai and Bengaluru. In addition, another 100 Finnish companies export their products toIndia or operate in the market through local agents, representatives or importers.40 l FINLAND- INDIA BUSINESS GUIDE 2012-13
  41. 41. Important Business Sectors for Indo-Finnish CooperationTELECOMThe Indian telecom sector is among the fastest growing in the world with 930 million wireless subscribers (31st May2012) and corresponding teledensity of 76.68%. Mobile value added services have been a key growth driver overthe last few years with strong future growth expected in m-health, governance, commerce, banking, educationand entertainment; cloud-based applications will also witness substantial uptake. There is strong policy focus onpromotion of telecom R&D, aimed at making India a hub for telecom manufacturing by incentivising domesticmanufacturers with thrust on IPR, product development and commercialization, and also offering preferentialmarket access for indigenously manufactured products. The Government aims to increase broadband access to175 million and provide mobile access to all villages and rural teledensity of at least 60% by 2017.IT-BPOIndian IT-BPO constitutes 58% of the global sourcing industry in terms of market share. Aggregate revenues areestimated to cross the USD 100 billion mark with exports at USD 69 billion (Source: Nasscom). The buzzword of thedecade is ‘innovation’ with emphasis on new business and delivery models, new products and services, besidesthe need to localize for the significant domestic market. India offers significant advantages of skills availabilityand cost effectiveness sustainable in the long term due to the young demographic profile of the country, inaddition to the rapidly expanding global delivery footprint and enhanced service delivery efficiency. Other areasshowing significant growth and offering opportunities to foreign companies are: IT Services (consulting, systemsintegration, IT outsourcing/managed services/hosting services, training and support/maintenance); Engineeringand R&D Services; and Data Centre Services. The industry has also been moving towards Green IT, helpingcustomers lower their carbon footprint through adoption of environment-friendly technology.Life SciencesHealthcare market is one of the fastest growing markets in India. The Euro 25 billion industry is expected tocontinue growing annually by 10-12 per cent and is thus, expected to reach over Euro 53 billion by 2012 andEuro 108 billion by 2017. The sectors showing highest growth in demand are medical infrastructure, medicalequipment and medical textiles.The Indian domestic pharmaceutical market is around Euro 7 billion, being one of the biggest sectors in Lifesciences. Growing number of the manufacturers have international quality certificates. Medical diagnostics is aninteresting area for collaboration due to continuous market growth of 10-15 per cent per year, but also due toopportunities in manufacturing or R&D collaboration. Clinical research services sector in India is growing annuallyby 25 per cent and due to cost efficiency it offers an interesting opportunity for the Finnish manufacturers. FINLAND- INDIA BUSINESS GUIDE 2012-13 l 41
  42. 42. India is gearing up to be the ultimate health tourism destination by upgrading the existing infrastructure to worldstandards. The food industry is also interesting: the semi-processed and ready-to-eat packaged food industry isgrowing at over 20 per cent a year. The retail sector is growing at 6 per cent. Value addition in food processing andincreased health awareness as well as demand for special foods, e.g. targeted for diabetics or persons with highcholesterol create demand for smaller players with special products or ingredients. “Food Safety and Standardact which came into force in August 2011 will increase hygienic practices and control, thus creating demand oftests and training.”Energy, Environment and ForestryIndia ranks sixth in the world in total energy consumption and needs to accelerate the development of the sectorto reach the goal to provide energy security to all. The Indian energy basket has a mix of all the resources availableincluding renewables. In the 12th Five-Year Plan, India plans to add about 75785 MW of energy of which 82%is proposed to be coal-based, with an estimated investment requirement of about €100 billion. The total fundrequirements for Generation, CPP, Repair and Maintenance, Transmission and Distribution, Renewables etc. isestimated to be about €200 billion. Renewable energy sources are expected to add around 30500 MW of installedcapacity, whereas captive power plants are expected to add around 13000MW during this period. The lack ofavailability of quality coal in the domestic market and increasing costs of imported coal has hit the Indian thermalpower producers in a big way in recent years. This has raised the interest levels among many key stakeholders inthe power sector to look at alternate sources of energy. Finnish companies, with their expertise in Cleantech andother advanced energy management solutions have the opportunity to tap this promising sector. The main areasoffering investment opportunities are a) Green energy or renewable energies like wind, solar, biofuel, small hydroand alternative energy sources like waste to energy, b) Environment monitoring and measuring and industrialpollution control, c) Clean manufacturing technologies in different sectors, d) Energy audit and efficiency services,e) Waste management – especially solid and eWastes, f ) Clean water and sanitation, g) Carbon trading or CDMopportunities, h) Green buildings, i) Know-how and equipment for the upcoming nuclear power generationcapacities, j) Power plant equipment and machinery, k) Transmission equipment and network automation.42 l FINLAND- INDIA BUSINESS GUIDE 2012-13
  43. 43. India represents a key market for clean technology companies. India is investing billions into solar, wind, bio-agriculture, desalination, recycling, water management, waste, and e-waste, calling for international partnerships.The objective of the Indian government is to foster a second Green Revolution. There is a thrust in the 12th FiveYear Plan towards private investments in the use of clean energy. Foreign Direct Investment (FDI) in environmentequipment and services is allowed under the automatic route with up to 100 percent foreign equity holding. Themain market drivers of the India Environment Market include stricter governmental regulations, growing publicawareness, depletion of natural resources, increasing human-environment conflicts, rapid economic growth,and the pressures from the global climate negotiations, which are leading to adoption of newer and cleanertechnologies, and a growing clean tech industry.Major opportunities in the environment sector include wastewater treatment especially municipal sewagetreatment, clean water and sanitation, air pollution control, hazardous waste management, municipal solidwaste-to-energy/composts projects, environmental instrumentation, environmental monitoring, measuring andindustrial pollution control, clean manufacturing technologies in different sectors, energy audit and efficiencyservices, and consulting & training. The adoption of newer and cleaner technologies from Finland will help Indiato leapfrog into a more sustainable growth pathway as the Indian economy grows rapidly.India is a timber-deficient country. Given the decline in domestic production of industrial timber and thegrowing demand for wood products, India offers an enormous potential market for Finnish softwood, veneer,thermo-treated wood and wood treatment machinery. Other potential areas are paper production technology(equipment front); raw material handling, separation of pith and fibre technology (TECHNOLOGY front), tissueculture lab; environment: energy efficiency, waste management, training; Power generation: bio-methanation topower; technology for value addition of paper products like coating of paper and innovative packaging.Construction, Logistics and MachineryIndia’s infrastructure opportunities will continue to be a priority for the economy and the Government in thecoming decade. The infrastructure sector accounts for more than 25 percent of India’s industrial output. Theinfrastructure today in India offers tremendous opportunities for industrial houses and foreign companies inconstruction, logistics and machinery. Irrespective of global or slight domestic slowdown, the need to developthe infrastructure in India has always been a top priority for government in power.The strong level of economic growth achieved in India in recent years has led to an expansion of industry,commerce and per-capita income, which, in turn, have fuelled the demand for infrastructure services. India is oneof the largest and most dynamic infrastructure and project finance markets in the world with the total number ofproject based Special Purpose Vehicles (SPVs) at around 800, according to Ratings Agency Fitch.The investment in infrastructure is likely to touch 10 per cent of GDP in the 12th Five Year Plan (2012-2017). Withthe increasing investment, the share of private sector in the total investment on infrastructure has increasedrapidly. The contribution of private sector in total infrastructure investment in each of the first two years of 11thPlan (2007-2012) was around 34 per cent. This is higher than the 11th Plan target of 30 per cent and 25 per centachieved in 10th Plan period. It is expected to rise to 36 per cent by the end of 11th Plan and 50 per cent duringthe 12th Plan (2012-2017).Public Private Partnership is encouraged by the Government to meet the infrastructure objectives and hencethere are many opportunities for the private players in Indian market. The sector does not have any restriction ofinvestment by a foreign company and foreign investment is encouraged in this sector. Companies with mediumto long term objective can grow manifold in this market as it offers ample opportunities for growth. FINLAND- INDIA BUSINESS GUIDE 2012-13 l 43
  44. 44. Construction & MiningThe mining sector, particularly in India, is getting more organised, structured and transparent than in the past. Thiswill allow more possibilities for international and domestic companies to participate in the mining opportunities.Heavy machinery and component manufacturing industry, especially earth moving equipment machinery, hasa high demand in India.ShippingIndia’s Ministry of Shipping announced plans to carry out more than 22 new projects starting 2012. The projectswill involve an investment of more than INR160bn (US$3.21bn). The ministry is also discussing Land Use Policyand Coastal Shipping. The Ministry of Shipping plans to invest US$ 13.45 billion for development of variousprojects in the port sector as a part of the 12th Five Year Plan (2012-17).AirportsAircraft maintenance, repair and overhaul (MRO) sector is on a growth path in the country. The sector holds a lotof opportunities for companies within the technical services outsourcing business domain. Passengers carriedby domestic airlines during Jan-Jun 2012 (half yearly) were 31 mn as against 29.8 mn during the correspondingperiod of previous year, thereby registering a growth of 3.71 per cent, according to the latest data released by theDirectorate General of Civil Aviation (DGCA). This is despite slowdown globally and slight in India too. The numberof scheduled passenger airline operators has grown to 15 and the number of aircraft in their fleet has risen tomore than 400. International flights have increased to 706 flights per week. Due to enhanced opportunities forinternational connectivity, 69 foreign airlines from 49 countries are flying into India.RoadwaysIn March 2012, the Indian Government had launched an INR200bn (US$4bn) tender for 15 road infrastructureprojects under a design, build, operate, finance and transfer (DBOFT) basis. 10 of the projects will involve thewidening of roads to four-lane highways, whilst a further three will see roads widened to six-lane highways.E-WasteAs per the E-waste Management and Handling Rules 2011 which came into effect from May 1, 2012, it is nowthe producers’ liability for recycling and reducing e-waste. These rules apply to every producer, consumer orbulk consumer, collection centre, dismantler and recycler of e-waste involved in manufacture, sale, purchase44 l FINLAND- INDIA BUSINESS GUIDE 2012-13
  45. 45. and processing of electronic equipment or components. This also creates a tremendous market opportunity fore-waste management service providers.India as a Major Manufacturing HubIndia is being recognised as a destination for outsourcing of custom-based, high-technology manufacturingactivities. Although, India is more on service sector, the need to focus on manufacturing is emphasised andmanufacturing will gain momentum in the coming years.There are various incentives for manufacturing in India.Logistics is a fast growing sector, with approximately 110 logistics parks and 45 million sq ft of warehousing spaceto be developed across the country.Services – Education, Knowledge-Intensive Businesses, Design, Travel And Leisure, Well-Being ServicesWith increasing affluence there is a rising demand in high end services especially in the sectors of Retail, Education,Transportation and Construction.Retail has seen revolutionary changes with radical policy changes and various players entering the organizedretail. The organized version of retail is poised for doubling the market size in the next 3-5 years.High quality education is seen as a must not only in primary but also in vocational education. Finland hasopportunity in introducing innovative learning concepts not only at the primary level but also at higher academiclevels and in adult education. Private sector education would be the focus point.The growing population demands better facilities for transportation and India’s cities and towns have beenevolving in this front. The utilization of better technologies and mechanisms to facilitate efficient transportationis the need of the hour in terms of intelligent transport systems, integrated services, etc.High-end construction especially the LEED certified projects are much in demand in India and the constructionsector has grown by leaps and bounds. Green building technologies, building management systems, etc. aresome of the sub-sectors that have good potential.Tourism between India and Finland is increasing, and Finland is also being marketed by Visit Finland as adestination. FINLAND- INDIA BUSINESS GUIDE 2012-13 l 45
  46. 46. 10/40 Tech Oy Brief Profile Mechanical designing and engineering services. Environmental and energy technology solutions. India Operation Details The company has a marketing and engineering office in Chandigarh with small operations in Srinagar. Address: Sco 345, II Floor, Sector 9, Panchkulla-134 109, Haryana, India Tel: +91-98724 72308 E-mail: ABB Limited Brief Profile ABB ( is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people. India Operation Details ABB’s operations in India ( are in excess of US$ 1 bn. The company has 14 manufacturing facilities and over 8000 employees in the country. ABB has an extensive countrywide presence with around 23 marketing offices, 8 service centers, 3 logistics warehouses and a network of over 550 channel partners. ABB continues to bring value to customers in India through leading edge technologies, domain expertise and project execution abilities. India is the largest engineering design and R&D resource base for ABB Group worldwide. The company’s technology strengths, wide offering portfolio and unique ability to package solutions and provide a single window approach to verticals continue to be a key differentiator. While the top-line grows as they create value for customers, focus on productivity, operational efficiencies and working capital management continues to ensure profitability. Address: 2nd Floor, 49 Race Course Road, Khanija Bhavan, Bangalore-560 001, Karnataka, India Tel: +91-80229 49195 E-mail: Website: l FINLAND- INDIA BUSINESS GUIDE 2012-13
  47. 47. Abloy High Security Locks (India) Pvt. Ltd.Brief ProfileAbloy High Security Locks Private Limited is the Indian subsidiary of Abloy Oy. Abloy specialisesin high security restricted master key systems and electronic and electro-mechanical securityproducts. Abloy India deals exclusively with genuine Abloy products, which it imports fromits manufacturing plant in Joensuu, Finland, and configures and assembles to local customerrequirements.India Operation DetailsAbloy India was established in 2008 in Chennai, and has offices in Mumbai and Delhi, anddistributors in Bangalore, Coimbatore, Delhi, Hyderabad, Kochi, Mumbai and Colombo. Thewarehouse and administration offices are located in Teynampet, Chennai.Address:#43 K.B. Dasan Road, Teynampet, Chennai Tamil Nadu-600 018, IndiaTel: +91-44-4390 7100E-mail: info@abloy.inWebsite: www.abloy.inActiveark Digital Media Pvt. Ltd.Brief ProfileActiveark is a full-service Digital Media agency built for today’s digital society. The companyhas 80+ design-driven digital professionals located in three locations around the world,Helsinki, London and Mumbai. They provide customers means to engage with their customers.Activeark focuses on delivering and implementing good ideas in the digital environment andvalue result-driven digital marketing. The company recently won the ‘Agency of the year ‘12’in Finland.India Operation DetailsActiveark India’s major focus is on technology & design which includes building interactive,responsive websites and mobile applications and at the same time helping customers with theirsocial media engagement, branding and SEO.Address:D-Wing, 204 Gayatri Sankul CHS, Plot No. 38, Sec 20, Kharghar, Navi Mumbai-410 210, IndiaWebsite: www.activeark.fiAhlstrom Asia Holding Pte. Ltd.Ahlstrom Fibre Composites India Pvt. Ltd.Brief ProfileAhlstrom is a global leader in the development, manufacture and marketing of highperformance fibre-based materials. Non-wovens and specialty papers are used in a largevariety of everyday products, e.g. in filters, wipes, flooring, labels and tapes. The companyhas a strong market position in several business areas, built upon the company’s unique fibreexpertise and innovative approach. Ahlstrom’s 5,800 employees serve customers via salesoffices and production facilities in more than 20 countries across six continents. Ahlstrom’snet sales was EUR 1.9 billion (2010). FINLAND- INDIA BUSINESS GUIDE 2012-13 l 47