Finland-India Business Opportunities

This book discusses the tremendous opportunities for business partnerships between Finland and India, studying the entire spectrum of potential trade and trade-substituting investments. While Finland is the only Nordic European country that has adopted the euro and is fully integrated into EU institutions, India is the fastest-growing democratic developing country, with openness indicators higher than China's and a smoothly functioning legal system that respects private property rights, including intellectual property rights. The book shows that the most promising avenues of India-Finland collaboration have emerged in the context of knowledge-intensive services and bundling solutions (combining products and services) for third-country markets, where India's service-delivery strengths and Finland's cutting-edge product designs are combined to deliver high value to customers. By examining relevant case studies and success stories, it reveals how each country's lack of knowledge concerning the other's institutions, culture and practices hinders the clear understanding needed to develop sustainable business models. By outlining how India's dilemma of seeking to create an economic oasis in a social desert and Finland's struggle to preserve a social paradise in an economic graveyard can be solved through cooperation, this book offers an insightful and relevant guide for policymakers.