Challenges in exporting valves from India to European Union
Khiva, Sumith (2019)
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019060515143
https://urn.fi/URN:NBN:fi:amk-2019060515143
Tiivistelmä
Internationalization of business through exporting have seen tremendous growth in the industrial sector. In today’s corporate level, every small, medium and large-scale company wants to take their products at international level but unfortunately, lot of SMEs could not fulfill their dream of going “Go Global”. In India, number of valve manufacturing companies belonging to small, medium and large-scale business units initiated their interest for exporting their products to European Union but as a result some companies lost their interest, and some were still struggling.
The main objective of the research was to identify the challenges faced by Indian SMEs in exporting valves from India to European Union along with possible solutions to overcome those challenges. Therefore, qualitative research method was selected and implemented for carrying out empirical study. For collection of data, three semi structured interviews were conducted. Secondary information was obtained from existing academic research. The selection of the participants chosen for carrying out interviews was from companies belonging to small and medium scale sector of valve industry having experience in doing exports from India to European Union. However, interview questions were made according to theoretical framework designed based on relevant topic of the research.
According to the findings, Indian exports companies were facing challenges in complying EU’s legislations and procedural regulations on safety requirements, acceptance criteria on design, quality and manufacturing requirements, challenges in availing government support, lack of information on market assess and its competition, packaging and labeling requirements, transportation and logistics requirements and negative image of quality of the products. However, solutions to overcome these challenges are hiring compatible work force or team of technical personnel, development of quality management system as per required standards, technological advancement, participation in international events for exposure of market assessment, can help Indian companies to overcome these challenges. Future researchers are recommended to do further research to study challenges at individual country level in the list of member states from European Union.
The main objective of the research was to identify the challenges faced by Indian SMEs in exporting valves from India to European Union along with possible solutions to overcome those challenges. Therefore, qualitative research method was selected and implemented for carrying out empirical study. For collection of data, three semi structured interviews were conducted. Secondary information was obtained from existing academic research. The selection of the participants chosen for carrying out interviews was from companies belonging to small and medium scale sector of valve industry having experience in doing exports from India to European Union. However, interview questions were made according to theoretical framework designed based on relevant topic of the research.
According to the findings, Indian exports companies were facing challenges in complying EU’s legislations and procedural regulations on safety requirements, acceptance criteria on design, quality and manufacturing requirements, challenges in availing government support, lack of information on market assess and its competition, packaging and labeling requirements, transportation and logistics requirements and negative image of quality of the products. However, solutions to overcome these challenges are hiring compatible work force or team of technical personnel, development of quality management system as per required standards, technological advancement, participation in international events for exposure of market assessment, can help Indian companies to overcome these challenges. Future researchers are recommended to do further research to study challenges at individual country level in the list of member states from European Union.