Frank Seidel with Wamser Batra USA

The Industrial Talk Podcast with Scott MacKenzie

Feb 21 2024 • 29 mins

Industrial Talk is chatting with Frank Seidel, Managing Partner at Wamser + Batra USA about “Solutions in how your company can succeed in India”. The following is a summary of our conversation:

Succeeding in India with Frank Seidel. 0:04
- Scott Mackenzie welcomes listeners to the industrial talk podcast and thanks them for their support.
- Frank Seidel, industry professional, discusses how to take businesses to the next level in India.
- Scott MacKenzie, host, highlights Frank's background and expertise in the industry.
Entering the Indian market for US companies. 5:43
- Frank discusses the potential of the Indian market for US companies, highlighting its large size and consumer preferences for foreign products.
- Frank highlights India's low labor costs and potential as a gateway to Asia for manufacturing and exporting.
- Frank advises companies to take a strategic and well-planned approach to entering the Indian market, involving a market visit and introduction to key stakeholders.
- Web USA offers a specialized service to help companies navigate the Indian market, including setting up meetings with suppliers, competitors, and potential locations for a manufacturing plant.
Setting up and expanding business in India with a US-based consulting firm. 13:03
- India presents unique challenges for businesses due to cultural differences and complex regulations.
- India's labor force is 50% of China's size, with a strong male workforce and limited female participation.
- Frank offers long-term partnership to guide companies through India's complex business environment.
Expanding business into India with potential risks and challenges. 20:07
- Scott MacKenzie is concerned about the risks of expanding his organization into India, but is interested in exploring the opportunity with the help of a trusted partner like Speaker 3.
- Frank emphasizes the importance of proper preparation, including having the right budget and team in place, before entering the Indian market.
- Company helps businesses navigate complex Indian market, mitigating legal issues and finding new suppliers.
India's business potential and trust building. 25:10
- Frank from India shares insights on trust and consultative approach in business conversations.
- Frank Seidel shares his insights on building trust in business relationships.

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