Finland-India Business Guide

Team Finland
Partnership for SUCCESS

FINLAND-INDIA BUSINESS GUIDE 2012-13 l 1

Disclaimer
No part of this publication may be reproduced, copied or transmitted in whole or in part, in any form or by any
means, 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 provide
a comprehensive directory of companies with substantial Finnish interests represented in lndia, and companies
with substantial Indian interests represented in Finland. However, the Embassy of Finland and Finpro cannot
guarantee that the list is exhaustive.

All information included in this publication have been obtained from the companies themselves or from reliable
sources. While every reasonable effort has been made to ensure that the information contained herein is
comprehensive and accurate, the Embassy of Finland and Finpro cannot guarantee the accuracy, completeness
or correctness thereof. This publication, and the information contained herein, is meant for information purposes
only. 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 this
publication, 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

Team Finland
Partnership for SUCCESS

Contents
Ambassador’s Foreword 5
Finpro Foreword 6
Cleantech Message 7
FinNode Message 8
Country Facts 9
Trade and Economy 11
Bilateral Trade 12
Setting Up a Business in Finland 15
Setting Up a Business in India 17
Information for Business Travellers 19
Business Facilitators 20
Indian Companies in Finland 30
Finnish Companies in India 40
Annexure 91
Media Information 93

Abbreviations Used
BSE Bombay Stock Exchange
BOT Build Operate and Transfer
CIS Commonwealth of Independent States
EU European Union
FDI Foreign Direct Investment
ICT Information and Communication Technology
ITeS IT-enabled Services
NCAER National Council for Applied Economic Research
OECD Organisation for Economic Cooperation and Development
OMX The Nordic Stock Exchange
RBI Reserve Bank of India
UNCTAD United Nations Conference on Trade and Development

For the convenience of comparison, all US Dollar and INR figures have been changed to
EUR by using the exchange rates 1 EUR = ` 60, 1 EUR = 1.3 US Dollar.


Ambassador’s Foreword
Ladies and Gentlemen,

I am happy to present to you the Finland-India Business Guide 2012-13. The Guide provides a lot of useful
information on Indo-Finnish economic and commercial relations. This year the Guide has been slightly remodelled
by categorising the Finnish and Indian companies sector-wise. We hope that through this change this Guide
provides 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 Delhi
in June 2012. This Agreement complements the already comprehensive contractual relationship between the
Governments of Finland and India. The Agreement affects the social security of people moving between Finland
and India and applies to pensions, in particular. It enables preventing double pension contributions, which is
important 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 questions
concerning 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 important
for businesses worldwide as they strive to stay competitive. Design is also an important sector in cooperation
between Finland and India.

The Government of Finland adopted a cross-sectoral Action Plan on Finland’s External Economic Relations in
May 2012. According to the Plan, a strategic steering group and secretariat working under the Prime Minister
will draw up long-term strategic guidelines in view of promoting exports and internationalisation of Finnish
businesses. One of the key premises of the Action Plan is that the focus of our economic and commercial relations
is shifting towards developing markets like India. We will see the diverse cooperation between Finland and India
strengthening even further in the future. The Embassy of Finland in New Delhi stands ready to do its best to
facilitate this positive development.

H.E. Ms. Terhi Hakala
Ambassador of Finland


Finpro Foreword
Dear 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 companies
exporting to the Indian market or operating in India via agents. Finnish companies investments into India have
been 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 assists
companies, especially the SME’s to boost their success in the different phases of internationalization. Finpro’s
global network involves 400 professionals in 68 locations in almost 50 countries. Finpro operates under the
Embassy of Finland in New Delhi. Additional to New Delhi we have dedicated partners working for us in Mumbai
and Chennai.

In June 2012 Investment In Finland operations were merged into Finpro, thus our responsibility being to increase
promotion of inward investment into Finland. There are already many India companies established in Finland. The
goal is to attract further investments into Finland.

Due to the changes in the international business environment and shift in economic focus towards the emerging
markets, Finnish SMEs are increasingly evaluating business possibilities within India’s 28 states and adjacent
markets.

The growth in the international business sector in India is about 6% annually, which translates into market
potential for Finnish companies in developing sectors like: urban infrastructure, transport, building, automation
in 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 wider
spread 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 FINLAND
network.

Best regards,

Leena Österberg
Head of Trade Center, Finpro India


Cleantech Message
Dear friends,

I am happy to introduce to you the 2012-13 edition of the Business Guide, which serves as an introduction to
those 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 to
enhancing quality of life and making it sustainable for the future. We at Cleantech Finland have been thinking
of new ways to link the expertise of our network with the demand in India. The solution is up and running! In the
beginning of the 2012, Cleantech Finland launched the SOLVED expert service that offers you access to leading
cleantech experts.

Finnish companies are global leaders in energy efficiency, clean industrial processes, and bioenergy. Other key
sectors 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 other
stakeholders with the best cleantech expertise. We want to provide a partnership that complements the
sustainable development in India.

Today, cleantech is a driver for India-Finland economic and innovation cooperation. Finnish cleantech companies
explore business opportunities in India’s market, and strengthen their cooperation with local companies. Through
the 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 Hulkkonen
Executive Director
Cleantech Finland, Finpro


FinNode Message
Dear Innovator,

FinNode India is part of the Finnish FinNode innovation network. FinNode connects Finnish and international
experts and the know-how required to promote innovation. It reveals new openings for Finnish business and
research organisations and supports their internationalisation. FinNode is an entity through which foreign
partners can engage with all the central public innovation organisations in Finland. The other network countries
are USA, China, Russia and Japan.

FinNode India has identified opportunities for Finland-India collaboration in areas like clean water, energy
efficiency, health and biotechnology, skills development and ICT. One overlapping interest area is frugal and
inclusive innovation, where India has a lot to share with the rest of the world. FinNode India initiates joint projects
in these focus areas to foster collaboration between India and Finland, to evaluate opportunities, and to identify
new 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 concrete
opportunities for doing things together. During the same time, three calls for joint research were executed with
joint funding by Finnish and Indian government bodies. An interesting example of activities in FinNode’s projects
was a piloting trip of small Finnish companies to rural Bihar. The companies were to test their innovations, such as
an affordable house concept based on aluminium house frame, in real life settings with local people having long
tradition of frugal innovation methods.

Finland and Finnish organisations are strong in innovation and scaling up the innovations into wide use. Many
globally 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 Mäkelä
Director, FinNode India


Country Facts
Finland – Suomi
Form of State Parliamentary Republic
Area 338,000 sq. km.
Capital Helsinki
Other Important Cities Espoo, Vantaa, Tampere, Turku, Oulu, Lahti, Kuopio, Jyväskylä,
Pori
Important Ports Helsinki, Turku, Naantali, Oulu, Kotka, Hamina, Kokkola, Porvoo
Neighbouring Countries Sweden, Norway, Russia, Estonia
Major 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
summers
Population 5.4 million
Life Expectancy 83 years (women), 77 years (men)
Adult Literacy Rate 100 per cent
Urban Population 67 per cent
Forest Area (Percentage of total land area) 86 per cent
Energy Sources in Electricity Production
Coal 11.8 per cent
Oil 0.4 per cent
Natural Gas 10.9 per cent
Hydro 14.6 per cent
Solar -
Wind 0.3 per cent
Biomass and Waste 12.7 per cent
Nuclear 26.4 per cent
Peat 6.2 per cent
Net Imports 16.4 per cent


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 2011


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


Bilateral Trade
Finland-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 2011

Finnish 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 tobacco


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 50 100 150 200 250 300 350 400 450

Finnish 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


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 50 100 150 200 250 300 350 400

Turnover of Finnish Companies and
Exports 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 India


Setting Up a Business in Finland
Business 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 company

Business can be carried on in Finland by a natural person who is resident of the European
Economic Area, Finnish organisation or foundation or a foreign organisation or foundation
which has established a branch in Finland, established under the laws of a country belonging
to the EEA and which has its registered office, central administration or principal place of
business in a country belonging to the EEA. Most businesses must be registered with the
Trade Register. Limited liability companies and co-operatives are among the most common
company forms that are created through registration. When determining the best suited form
of conducting business activities in Finland, the following points should be considered:

1. Number of Founders
Individual entrepreneurs can conduct business activities in the form of a single-member
company or as a private entrepreneur. Partnerships require minimum of two founders and
cooperatives, at least three founders. A limited liability company may be a single-member
company or may have several founders.

2. Required Capital
For 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. For
limited partnerships, a monetary investment is needed from the silent partner.

3. Division of Responsibilities in the Enterprise
Private entrepreneurs, partners in general partnerships and general partners in limited
partnerships are responsible for any liabilities of the business with their personal property.
Shareholders in limited liability companies and members of cooperatives are responsible only
for the amount of capital they have invested.


4. Flexibility of Activities
A private entrepreneur is able to make all decisions on his/her own, partners in a general partnership and general
partners in a limited partnership make decisions either jointly or solely, and limited liability companies are
represented 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 Operations
In partnerships, if stated in the original agreement contract, the share of one partner can be transferred to
another person with the agreement of the other partners. In limited liability companies, shareholder changes
do not have an effect on the existence of the company. Memberships of a cooperative cannot be sold, but if a
sufficient level of unanimity is reached, the cooperative itself can be sold.

6. Profit Distribution and Loss Coverage
A 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 partnership
agreement. Silent partners in limited partnerships are paid a share of the profit stated in the partnership
agreement, 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’ equity
after subtracting possible losses. In a limited liability company, the shareholders are responsible for the losses
only 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 can
however, be distributed to the members, for example, in the form of extra wages, after first filling the reserve
requirements laid on the cooperative.

7. Taxation
Tax treatment varies depending on the form of the business, especially in regard to direct taxation. The joint
effect of tax burdens falling on the form of business and on the entrepreneur(s) determines the choice that is
most profitable in each specific case.

Permits Required from Foreign Entrepreneurs
Non-EU citizens are allowed to stay in Finland with a tourist status for three months; however, if they wish to
work, 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’s
residence permit, while still outside Finland.

More information can be found in the EnterpriseFinland web portal, www.yrityssuomi.fi


Setting Up a Business in India
A foreign company can set up business operations in India either as a foreign company by
establishing a liaison/representative office, project office or branch office or as a domestic
company through equity participation in a joint venture company or as a wholly-owned
subsidiary.

A foreign company is one that has been incorporated outside India and establishes a place of
business within India. Domestic companies are those incorporated in India. They are subject
to same rules and regulations as Indian companies.

Liaison/Representative Office
A foreign company can set up a liaison/representative office in India to collect data about
possible market opportunities, and provide information about the company and its products
to prospective Indian customers. Liaison office is allowed to represent the parent company
in India, promote export/import to/from India, promote technical or financial collaborations
between 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 from
abroad.

The companies willing to open a liaison office have to make an application to the Reserve
Bank of India (RBI). The process of approval takes about three weeks. Permission to set up a
liaison office is usually granted for an initial period of three years, which may be extended
from time-to-time.

Project Office
A foreign company may open a project office in India provided it has secured from an Indian
company, a contract to execute a project in India. Since project offices can be established
only for a limited period of time, it is usually companies engaged in turnkey or installation
projects that are setting them up. As per revised guidelines, recently issued by the RBI, no
prior approval is required for setting up a project office.


Branch Office
Foreign 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 the
parent 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 the
approval, the RBI normally takes into consideration the operating history of the applicant company worldwide
and its proposed activities in India. The process of obtaining approval from the RBI takes about three weeks.

Wholly-owned Subsidiary
The first step in the establishment of a wholly-owned subsidiary is to find out whether 100 per cent foreign
equity 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 Promotion
Board (FIPB) approval or restricted altogether.

The norms for Foreign Direct Investment (FDI) in India are governed by the Foreign Direct Investment Policy of the
Government of India, Foreign Exchange Management Act 1999 and the Foreign Exchange Management (Transfer
or 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 Registrar
of Companies (ROC). A private limited company in India requires a minimum of two shareholders and a public
limited company, a minimum of seven members. The minimum capitalisation norms for private and public
companies are ` 100,000 and ` 500,000 respectively.

Joint Venture
The same rules applicable to wholly-owned subsidiaries, apply to joint venture companies, the only difference
being the form of partnership between Indian and foreign companies. This is often a practical way to establish
a presence. Setting up of operations through a joint venture can entail advantages like established distribution
set-up, available financial resources and established contacts that help smoothen the process of setting up of
operations.


Information for Business Travellers
Information for Finnish Business Travellers
Finnish business travellers to India require a visa, which has to be applied online at the website of Indo-German
Consultancy Services (IGCS) Oy, http://igcsvisa.fi. The Embassy of India to Finland has outsourced the entire visa
services from December 5th 2011. After applying online, the applicant has to submit the printout of the online
filled 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 India

Please refer to the webpage of the Embassy of India in Helsinki (www.indianembassy.fi) or IGCS (http://igcsvisa.fi)
for 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, visa
can 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 to
explore 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 entries
can 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) Oy
Hitsajaankatu 20, Herttoniemi, 00810 Helsinki
Tel: +358 (0)10 320 7560
Fax: +358 (0)10 296 05 64
E-mail: info@igcsvisa.fi
Website: http://igcsvisa.fi

Information for Indian Business Travellers
Finland is a Schengen state. The Schengen visa for Finland is issued by the Embassy of Finland in New Delhi. The
processing time is 12 working days.

Visa applicants who have been to the schengen state can apply through an agent or representative. First time
applicants have to come to the Embassy or apply to nearest consulate. Schengen visa issued by the Embassy can
be valid for maximum 90 days during six months from the date of entry. First time business travellers are usually
issued 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
(www.finland.org.in).


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: www.finpro.fi/india

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 1760


Embassy of Finland in New Delhi
Diplomatic relations between India and Finland were established on October 1, 1949. The
same year, Finland opened its Embassy in New Delhi. The Embassy celebrated 60 years of
diplomatic relations with India on October 1, 2009.

Address: Kolkata (Calcutta):
E-3, Nyaya Marg, Chanakyapuri, Mr Satish Kapur
New Delhi-110 021, India Honorary Consul
Tel: +91-11-4149 7500 C/o Mahadev Paper Corporation
Fax: +91-11-4149 7555 7A, A. J. C. Bose Road, (Second Floor)
E-mail: sanomat.nde@formin.fi Kolkata-700 017, India
Website: www.finland.org.in Tel: +91-33-2287 4328, 2290 1960
Fax: +91-33-2287 4329
Honorary Consulates of Finland E-mail: mpc3408@dataone.in

Bengaluru (Bangalore): Mumbai (Bombay):
Mrs Geetanjali Kirloskar Mr Shreyas Kirtilal Doshi
Honorary Consul Honorary Consul
C/o Kirloskar Systems Ltd.
C305, Dharam Palace
Seventh Floor, Embassy Star
100-103 N S Patkar Marg
No 8, Palace Road, Vasanth Nagar
Mumbai-400 007, India
Bengaluru-560 052, India
Tel: +91-80-4165 9828 Tel: +91-22-6639 0033
Fax: +91-80-4132 7560 Fax: +91-22-6639 0044
E-mail: sunil.shirolkar@kirloskarsystems.co.in E-mail: finconsmumbai@shrenuj.com

Chennai (Madras):
Mr M. Ct. P. Chidambaram
Honorary Consul
202 (Old 742) Anna Salai
Chennai-600 002, India
Tel: +91-44-2852 4141
Fax: +91-44-2852 1253
E-mail: finconschennai@gmail.com

Indo Finnish Business Forum (IFBF)
Indo Finnish Business Forum (IFBF) was established in 2005 with the objective of promoting
and developing business relations and networking between Finland and India. All the
Finnish companies operating in India and Indian companies having presence in Finland
are welcomed to join IFBF.

Address:
Finpro – Finland Trade Center
F-130, Ground Floor, Malcha Marg, New Delhi-110 021, India
Tel: + 91-11-4309 2400, Fax: +91-11-4309 2420
Website: www.ifbf.in


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:
Tel: +91-11-4309 2400, Fax: + 91-11-4309 2420
Mobile: +91-99719 00682
E-mail: shriya.ramachandran@finpro.fi
Website: www.cleantechfinland.com

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
Tel: +91-11-4309 2400, Fax: + 91-11-4309 2420
E-mail: riku.makela@finnode.fi
Website: www.finnode.fi/india

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: http://www.kauppayhdistys.fi/suomi-intia/


Finnish Tourist Board (MEK)

Visit Finland – India
Visit Finland works in close cooperation with the Indian and Finnish travel and tourism
industry, implementing and financing marketing projects for Visit Finland. One of the joint
goals is to develop more enticing, competitive products for visitors to Finland.

Address:
Ms Papori Bharati, Marketing Representative
503, Devika Apartments, Sec - 4 Vaishali
Ghaziabad, UP-201 010, India
Tel:+ 91 120 411 27 44
Mobile: + 91-98713 86203, +91-99539 60020
E-mail: visitfinland.india@gmail.com
Website: www.visitfinland.com

The Finnish Innovation Fund, SITRA
Sitra 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. Sitra
focuses its operations on programmes through research and training, innovative projects,
business development and corporate funding.

Address:
Itämerentori 2, PO Box 160
FIN-00181 Helsinki
Tel: +358-9-618 991
Fax: +358-9-645 072
E-mail: sitra@sitra.fi
Website: www.sitra.fi

Finnish Fund for Industrial Cooperation Ltd.
Finnish Fund for Industrial Cooperation Ltd. (FINNFUND) is the Development Financial
Institution of Finland. It provides long-term risk financing for private projects in developing
countries and select transition economies.

Address:
Dr Anand K Sethi, Adviser in India
14-F, Basant Lok, Vasant Vihar
Tel: +91-11-2614 0346, 2614 0609
Fax: +91-11-2614 5598
E-mail: anand_sethi@vsnl.com
Website: www.finnfund.fi


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: bhupendrajshah@eth.net
Website: www.pohjola.com

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.com


Invest in Finland, Finpro ry
Invest in Finland offers a full set of professional, hands-on investment services for Indian
companies that are always tailored according to their specific needs. The services cover
every stage of setting up a business in Finland, ranging from initial data collection and
opportunity analysis to networking and the actual business launch.

Address:
Porkkalankatu 1
FIN-00180 Helsinki, Finland
Tel: +358-204-695 555
Fax: +358-204-695 201
Website: www.investinfinland.fi

Nokia Growth Partners
Nokia Growth Partners is a global venture capital firm with US$ 250M under management
for direct investment in promising mobile companies. The company also advises and
manages US$ 100M for investments in other venture capital firms through Nokia’s Fund
of Funds Program.

Address:
NGP Advisors India Pvt. Ltd.
Industrial Plot #243, Udyog Vihar Phase-I
Gurgaon-122 016, India
E-mail: ngpteam@nokiagrowthpartners.com
Website: www.nokiagrowthpartners.com

European 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 for
their activities in the country, with focus on the environmental sector, energy, biotech and
transport.

The EBTC is operated by EUROCHAMBRES consortium consisting of 16 business
organisations, academic and research institutes from all over the EU. The centre works in
close cooperation with the already established national service providers and bilateral
Chambers of Commerce to ensure a complementarity of activities and thus, an added
value for European businesses. Finpro is a part of the cluster. It is heading the environment
cluster’s activities.

Address:
DLTA Complex, South Block, First Floor
1, Africa Avenue, New Delhi-110 029, India
Tel: +91-11-33521512
Fax: + 91-11-33521501
Mobile: + 91-98994 69188
E-mail: verma@ebtc.eu
Website: www.ebtc.eu


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: www.finnvera.fi

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:
Tel: +358-10-191 480
Fax: +358-9-694 9196
E-mail: info@tekes.fi
Website: www.tekes.fi

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: info@vtt.fi
Website: www.vtt.fi

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.fi


Confederation of Finnish Industries, EK
Confederation of Finnish Industries EK represents all sectors of business and all sizes of
companies.
• 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 employees

Address:
Contact person: Ms Satu Toivonen
Tel: +358-40-821 2097
E-mail: satu.toivonen@ek.fi
Website: www.ek.fi

Finnpartnership
The Finnish business partnership programme, Finnpartnership, provides advisory services
for business activities of Finnish companies in developing countries and financial support
in the planning, development and implementation phases of a project.

Address:
C/o Finnfund
Tel: +358-9-3484 3314
Fax: +358-9-3484 3346
Website: www.finnpartnership.fi

Finnfacts
Finnfacts is an independent media service unit that operates as an interface between
foreign media and Finnish industry and business. Finnfacts is a source of information on
Finnish industry and business.

Address:
E-mail: finnfacts.press@tat.fi
Website: www.finnfacts.fi


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: indianembassy@indianembassy.fi
Website: www.indianembassy.fi

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: ciico@cii.in
Website: www.cii.in

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: ficci@ficci.com
Website: www.ficci.com


NASSCOM
NASSCOM (earlier National Association of Software and Service Companies) is the premier
trade 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 to
encourage advancement of research in software technology.

Address:
International Youth Centre
Teen Murti Marg, Chanakyapuri, New Delhi-110 021, India
Tel: +91-11-2301 0199, Fax: +91-11-2301 5452
E-mail: info@nasscom.in
Website: www.nasscom.in

Ministry of Tourism
The 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, India
Tel: +91-11-2371 1995, Fax: +91-11-2371 0518
E-mail: contactus@incredibleindia.org
Website: www.incredibleindia.org

India Brand Equity Foundation (IBEF)
India Brand Equity Foundation (IBEF) is a public-private partnership between the Ministry
of Commerce and Industry, Government of India, and the Confederation of Indian Industry.
It aims to effectively present the India business perspective and leverage business
partnerships in a globalising marketplace.

Address:
Confederation of Indian Industry
249-F Sector 18, Udyog Vihar Phase IV
Gurgaon-122 015, Haryana, India
Tel: +91-124-401 4060/67, Fax: +91-124-401 3873
E-mail: ceo@ibef.org
Website: www.ibef.org

Federation of Indian Micro, Small & Medium Enterprises (FISME)
FISME is the leading trade body of SMEs in India. It is a large network of geographical and
sectoral 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,
Tel: +91-11-2618 7948, 26712064, 46023157, 46018592, 26109470
Fax: +91-11-2610 9470
E-mail: info@fisme.org.in
Website: www.fisme.org.in


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: bluestar@innopoli.fi
Website: www.bsil.com

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.

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: helsinki@corusgroup.com
Website: www.corusgroup.com/en/


Digient Technologies Pvt. Ltd.
Brief Profile
Digient Technologies is a leading end-to-end software services provider specialising in
application development, product development, maintenance, and testing for industries
such as gaming, retail, marketing, media, entertainment, eLearning, travel and hospitality
and eBusiness. The company was established in 2007.

Digient Technologies has a sales office in Finland.

Address:
Digient Technologies Finland
Mannerheimintie 5 B
FIN-00100, Helsinki, Finland
Tel: +358-40 55 28 373
E-mail: sales@digient.in
Website: www.digient.in

Evalueserve Nordic AB
Brief Profile
Evalueserve offers high quality knowledge services in investment research, business
research, 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 sales
presence across all major global locations.

The company has a sales office in Finland since 2008.

Address:
C/o Mäkitalo Rantanen
Attorneys-at-Law
Eteläesplanadi 18, 00130 Helsinki
Tel: +358-9-684 4410
Website: www.evalueserve.com


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.

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: www.industeel.info

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.

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.com


ITC Infotech India Ltd.
Brief Profile
ITC Infotech, a fully-owned subsidiary of ITC Ltd., is one of the fastest growing India-based
global IT and ITeS company. Founded in October 2000, the company has established itself
as a key player in offshore outsourcing, providing outsourced IT solutions and services
to leading global customers. The company is rated amongst the ‘World’s Most Reputable
Companies’ by Forbes magazine.

ITC Infotech is focused on servicing the manufacturing, Banking, Financial Services and
Insurance (BFSI), Consumer Packaged Goods and Retail (CPG&R) and Travel, Hospitality and
Transportation (THT) industries across North America and Europe.

ITC Infotech Finland has a branch office in Helsinki.

Address:
Newell Consulting Oy
PO Box 16, Olari, 02211 Espoo, Helsinki
Tel: +358-9-6689 650
Fax: +358-9-6689 6510
Website: www.itcinfotech.com

Medipolis GMP Oy
Brief Profile
Medipolis GMP Oy is a private company, whose majority stakes are owned by Marvel Life
Science UK, a flagship company of the Indian MJ Group of companies.

Medipolis GMP Oy offers small scale Contract Manufacturing (CMO) services for drug
development and bio-pharmaceutical companies. It specialises in microbial fermentation.
Medipolis also offers analytical services through subcontractors.

Address:
Kiviharjuntie 2, 90220 Oulu
Tel: +358-20-754 5880
Fax: +358-20-754 5879
E-mail: info@medipolisgmp.com
Website: www.medipolisgmp.com


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.

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: www.novamass.net

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.

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.fi


Satyam Computer Services Ltd.
Brief Profile
Mahindra Satyam Group is a leading global business and information technology services
company that leverages deep industry and functional expertise, leading technology
practices, and an advanced, global delivery model to help clients transform their highest-
value business processes and improve their business performance. Satyam Computer
Services is a part of Mahindra Group, one of the top 10 Indian industrial firms. The
Group’s interests span financial services, automotive products, trade, retail and logistics,
information technology and infrastructure development.

The company has a branch office in Finland since 2008.

Address:
Satyam Computer Services Limited
Petrasol Oy, Valimotie 13 A
Finland-00380 Helsinki
Tel: +358-9-473 060, Fax: +358-9-4730 7999
Website: www.mahindrasatyam.net

Systems Biology Worldwide Ltd.
Brief Profile
Systems Biology Worldwide Ltd. is a joint venture established in 2007 by the University
of Helsinki Funds and Tooltech India Pvt. Ltd. Systems Biology Worldwide is an innovative
and dynamic biotechnology company for drug discovery and development services that
combines the Finnish and Indian advantages. Their dynamic delivery solution brings to
pharmaceutical and biotechnology clients, the Finnish high-tech knowledge and Indian
cost efficiency.

A 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 companies
in pharmaceutical research together, build a research service organisation covering the
entire value chain, as well as develop the commercialisation of academic research expertise.

Address:
Aikatalo Building, Mikonkatu 8, 00100 Helsinki
Tel: + 358-10-439 9440, Fax: +358-9-678 783
E-mail: info@sbw.fi
Website: www.sbw.fi


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.

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: ir@tanla.com
Website: www.tanla.com

Tata Consultancy Services Ltd.
Brief Profile
Tata Consultancy Services (TCS) is one of the world’s leading information technology
companies.

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: finland.marketing@tcs.com
Website: www.tcs.com


Tooltech Europe Oy
Brief Profile
Tooltech is headquartered in Pune, India and has offices in eight countries. It has a pool
of trained manpower resources with 80 European nationals. Tooltech is a pioneer in
engineering services outsourcing, having recognised the benefits of a global engineering
model. The company’s engineering solutions cut across industry verticals: automotive,
aerospace, heavy engineering, oil and natural gas, marine and tool design.

Tooltech has a subsidiary in Helsinki since 2004.

Address:
Tooltech Europe Oy
Mikonkatu 8, 00100 Helsinki
Tel: +358-40-563 1205
Fax: +358-9-678 783
Website: www.tooltech.net

Toxis Oy
Brief Profile
Toxis Oy provides a broad range of biological testing and non-clinical research services. It is
a wholly-owned subsidiary of Systems Biology Worldwide Ltd.

Toxis Oy is a Turku-based contract research organisation.

Address:
Lemminkäisenkatu 14-18 C
20520 Turku
Tel: +358-40-519 0266
E-mail: info@toxis.fi
Website: www.toxis.fi


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.

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: www.nummi.fi

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.

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.fi, www.wipro.com


ZenSar Technologies Ltd.
Brief Profile
ZenSar is headquartered in Pune and has a global marketing presence. The company
delivers 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 its
turnover is EUR 130 million.

ZenSar has a subsidiary in Finland, serving as the sales hub for Northern Europe.

Address:
ZenSar Technologies Ltd.
C/o Nice-business Solutions Finland Oy
Valimotie 16 PO Box 458, FI-00101 Helsinki
Tel: +358-9-567 5934, 45-7880 5934
Fax: +358-45-7880 8955
E-mail: finland@zensar.com
Website: www.zensar.com


Finnish Companies in India
Currently 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 mainly
as subsidiaries, but a few joint ventures or representative/liaison offices are also there. These companies can be
clubbed 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, Navi
Mumbai, Pune, Chennai and Bengaluru. In addition, another 100 Finnish companies export their products to
India or operate in the market through local agents, representatives or importers.

40 l FINLAND- INDIA BUSINESS GUIDE 2012-13

Important Business
Sectors for
Indo-Finnish Cooperation
TELECOM
The Indian telecom sector is among the fastest growing in the world with 930 million wireless subscribers (31st May
2012) and corresponding teledensity of 76.68%. Mobile value added services have been a key growth driver over
the last few years with strong future growth expected in m-health, governance, commerce, banking, education
and entertainment; cloud-based applications will also witness substantial uptake. There is strong policy focus on
promotion of telecom R&D, aimed at making India a hub for telecom manufacturing by incentivising domestic
manufacturers with thrust on IPR, product development and commercialization, and also offering preferential
market access for indigenously manufactured products. The Government aims to increase broadband access to
175 million and provide mobile access to all villages and rural teledensity of at least 60% by 2017.

IT-BPO
Indian IT-BPO constitutes 58% of the global sourcing industry in terms of market share. Aggregate revenues are
estimated to cross the USD 100 billion mark with exports at USD 69 billion (Source: Nasscom). The buzzword of the
decade is ‘innovation’ with emphasis on new business and delivery models, new products and services, besides
the need to localize for the significant domestic market. India offers significant advantages of skills availability
and cost effectiveness sustainable in the long term due to the young demographic profile of the country, in
addition to the rapidly expanding global delivery footprint and enhanced service delivery efficiency. Other areas
showing significant growth and offering opportunities to foreign companies are: IT Services (consulting, systems
integration, IT outsourcing/managed services/hosting services, training and support/maintenance); Engineering
and R&D Services; and Data Centre Services. The industry has also been moving towards Green IT, helping
customers lower their carbon footprint through adoption of environment-friendly technology.

Life Sciences
Healthcare market is one of the fastest growing markets in India. The Euro 25 billion industry is expected to
continue growing annually by 10-12 per cent and is thus, expected to reach over Euro 53 billion by 2012 and
Euro 108 billion by 2017. The sectors showing highest growth in demand are medical infrastructure, medical
equipment and medical textiles.

The Indian domestic pharmaceutical market is around Euro 7 billion, being one of the biggest sectors in Life
sciences. Growing number of the manufacturers have international quality certificates. Medical diagnostics is an
interesting area for collaboration due to continuous market growth of 10-15 per cent per year, but also due to
opportunities in manufacturing or R&D collaboration. Clinical research services sector in India is growing annually
by 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

India is gearing up to be the ultimate health tourism destination by upgrading the existing infrastructure to world
standards. The food industry is also interesting: the semi-processed and ready-to-eat packaged food industry is
growing at over 20 per cent a year. The retail sector is growing at 6 per cent. Value addition in food processing and
increased health awareness as well as demand for special foods, e.g. targeted for diabetics or persons with high
cholesterol create demand for smaller players with special products or ingredients. “Food Safety and Standard
act which came into force in August 2011 will increase hygienic practices and control, thus creating demand of
tests and training.”

Energy, Environment and Forestry
India ranks sixth in the world in total energy consumption and needs to accelerate the development of the sector
to reach the goal to provide energy security to all. The Indian energy basket has a mix of all the resources available
including 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 fund
requirements for Generation, CPP, Repair and Maintenance, Transmission and Distribution, Renewables etc. is
estimated to be about €200 billion. Renewable energy sources are expected to add around 30500 MW of installed
capacity, whereas captive power plants are expected to add around 13000MW during this period. The lack of
availability of quality coal in the domestic market and increasing costs of imported coal has hit the Indian thermal
power producers in a big way in recent years. This has raised the interest levels among many key stakeholders in
the power sector to look at alternate sources of energy. Finnish companies, with their expertise in Cleantech and
other advanced energy management solutions have the opportunity to tap this promising sector. The main areas
offering investment opportunities are a) Green energy or renewable energies like wind, solar, biofuel, small hydro
and alternative energy sources like waste to energy, b) Environment monitoring and measuring and industrial
pollution 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 CDM
opportunities, h) Green buildings, i) Know-how and equipment for the upcoming nuclear power generation
capacities, j) Power plant equipment and machinery, k) Transmission equipment and network automation.


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 Five
Year Plan towards private investments in the use of clean energy. Foreign Direct Investment (FDI) in environment
equipment and services is allowed under the automatic route with up to 100 percent foreign equity holding. The
main market drivers of the India Environment Market include stricter governmental regulations, growing public
awareness, 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 cleaner
technologies, and a growing clean tech industry.

Major opportunities in the environment sector include wastewater treatment especially municipal sewage
treatment, clean water and sanitation, air pollution control, hazardous waste management, municipal solid
waste-to-energy/composts projects, environmental instrumentation, environmental monitoring, measuring and
industrial pollution control, clean manufacturing technologies in different sectors, energy audit and efficiency
services, and consulting & training. The adoption of newer and cleaner technologies from Finland will help India
to 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 the
growing 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), tissue
culture lab; environment: energy efficiency, waste management, training; Power generation: bio-methanation to
power; technology for value addition of paper products like coating of paper and innovative packaging.

Construction, Logistics and Machinery
India’s infrastructure opportunities will continue to be a priority for the economy and the Government in the
coming decade. The infrastructure sector accounts for more than 25 percent of India’s industrial output. The
infrastructure today in India offers tremendous opportunities for industrial houses and foreign companies in
construction, logistics and machinery. Irrespective of global or slight domestic slowdown, the need to develop
the 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 one
of the largest and most dynamic infrastructure and project finance markets in the world with the total number of
project 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). With
the increasing investment, the share of private sector in the total investment on infrastructure has increased
rapidly. The contribution of private sector in total infrastructure investment in each of the first two years of 11th
Plan (2007-2012) was around 34 per cent. This is higher than the 11th Plan target of 30 per cent and 25 per cent
achieved in 10th Plan period. It is expected to rise to 36 per cent by the end of 11th Plan and 50 per cent during
the 12th Plan (2012-2017).

Public Private Partnership is encouraged by the Government to meet the infrastructure objectives and hence
there are many opportunities for the private players in Indian market. The sector does not have any restriction of
investment by a foreign company and foreign investment is encouraged in this sector. Companies with medium
to long term objective can grow manifold in this market as it offers ample opportunities for growth.


Construction & Mining
The mining sector, particularly in India, is getting more organised, structured and transparent than in the past. This
will 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, has
a high demand in India.

Shipping
India’s Ministry of Shipping announced plans to carry out more than 22 new projects starting 2012. The projects
will involve an investment of more than INR160bn (US$3.21bn). The ministry is also discussing Land Use Policy
and Coastal Shipping. The Ministry of Shipping plans to invest US$ 13.45 billion for development of various
projects in the port sector as a part of the 12th Five Year Plan (2012-17).

Airports
Aircraft maintenance, repair and overhaul (MRO) sector is on a growth path in the country. The sector holds a lot
of opportunities for companies within the technical services outsourcing business domain. Passengers carried
by domestic airlines during Jan-Jun 2012 (half yearly) were 31 mn as against 29.8 mn during the corresponding
period of previous year, thereby registering a growth of 3.71 per cent, according to the latest data released by the
Directorate General of Civil Aviation (DGCA). This is despite slowdown globally and slight in India too. The number
of scheduled passenger airline operators has grown to 15 and the number of aircraft in their fleet has risen to
more than 400. International flights have increased to 706 flights per week. Due to enhanced opportunities for
international connectivity, 69 foreign airlines from 49 countries are flying into India.

Roadways
In March 2012, the Indian Government had launched an INR200bn (US$4bn) tender for 15 road infrastructure
projects under a design, build, operate, finance and transfer (DBOFT) basis. 10 of the projects will involve the
widening of roads to four-lane highways, whilst a further three will see roads widened to six-lane highways.

E-Waste
As per the E-waste Management and Handling Rules 2011 which came into effect from May 1, 2012, it is now
the producers’ liability for recycling and reducing e-waste. These rules apply to every producer, consumer or
bulk consumer, collection centre, dismantler and recycler of e-waste involved in manufacture, sale, purchase


and processing of electronic equipment or components. This also creates a tremendous market opportunity for
e-waste management service providers.

India as a Major Manufacturing Hub
India is being recognised as a destination for outsourcing of custom-based, high-technology manufacturing
activities. Although, India is more on service sector, the need to focus on manufacturing is emphasised and
manufacturing 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 space
to be developed across the country.

Services – Education, Knowledge-Intensive Businesses, Design, Travel And Leisure, Well-
Being Services
With 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 organized
retail. 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 has
opportunity in introducing innovative learning concepts not only at the primary level but also at higher academic
levels 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 been
evolving in this front. The utilization of better technologies and mechanisms to facilitate efficient transportation
is 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 construction
sector has grown by leaps and bounds. Green building technologies, building management systems, etc. are
some 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 a
destination.


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: india@1040tech.com

ABB Limited

Brief Profile
ABB (www.abb.com) 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.

ABB’s operations in India (www.abb.co.in) 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: sanaj.natarajan@in.abb.com
Website: www.abb.co.in


Abloy High Security Locks (India) Pvt. Ltd.
Brief Profile
Abloy High Security Locks Private Limited is the Indian subsidiary of Abloy Oy. Abloy specialises
in high security restricted master key systems and electronic and electro-mechanical security
products. Abloy India deals exclusively with genuine Abloy products, which it imports from
its manufacturing plant in Joensuu, Finland, and configures and assembles to local customer
requirements.

Abloy India was established in 2008 in Chennai, and has offices in Mumbai and Delhi, and
distributors in Bangalore, Coimbatore, Delhi, Hyderabad, Kochi, Mumbai and Colombo. The
warehouse and administration offices are located in Teynampet, Chennai.

Address:
#43 K.B. Dasan Road, Teynampet, Chennai Tamil Nadu-600 018, India
Tel: +91-44-4390 7100
E-mail: info@abloy.in
Website: www.abloy.in

Activeark Digital Media Pvt. Ltd.
Brief Profile
Activeark is a full-service Digital Media agency built for today’s digital society. The company
has 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 and
value result-driven digital marketing. The company recently won the ‘Agency of the year ‘12’
in Finland.

Activeark 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 their
social media engagement, branding and SEO.

Address:
D-Wing, 204 Gayatri Sankul CHS, Plot No. 38, Sec 20, Kharghar, Navi Mumbai-410 210, India
Website: www.activeark.fi

Ahlstrom Asia Holding Pte. Ltd.
Ahlstrom Fibre Composites India Pvt. Ltd.
Brief Profile
Ahlstrom is a global leader in the development, manufacture and marketing of high
performance fibre-based materials. Non-wovens and specialty papers are used in a large
variety of everyday products, e.g. in filters, wipes, flooring, labels and tapes. The company
has a strong market position in several business areas, built upon the company’s unique fibre
expertise and innovative approach. Ahlstrom’s 5,800 employees serve customers via sales
offices and production facilities in more than 20 countries across six continents. Ahlstrom’s
net sales was EUR 1.9 billion (2010).


Ahlstrom Asia Holding Pte. Ltd. has a branch office in India with the area of business being
specialty papers and non-wovens. Ahlstrom Fibre Composites India Pvt. Ltd. is a wholly-
owned subsidiary and has a manufacturing unit in Gujarat.

Address:
Ahlstrom Asia Holding Pte. Ltd.
108-109, Prakashdeep Building, 7 Tolstoy Marg, New Delhi-110 001, India
Tel: +91-11-4307 0951
Fax: +91-11-4358 6176
Website: www.ahlstrom.com

Ahlstrom Fibre Composites India Pvt. Ltd.
121 Ansal Bhawan, K G Marg, New Delhi-110 001, India
Tel: +91-11-2375 3680
Fax: +91-11-2375 3681
Website: www.ahlstrom.com

Andritz Oy, Andritz Technologies Pvt. Ltd.

Brief Profile
ANDRITZ is a technology–centre company with global operations. ANDRITZ Group is a global
leading supplier of plants, equipment and services for hydropower stations, the pulp and paper
industry, solid/liquid separation in the municipal and industrial sectors, the steel industry, and
the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies
for certain other sectors including automation, pumps, machinery for nonwovens and plastic
films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue
gas cleaning plants, plants for the production of panelboard (MDF), thermal sludge utilization,
and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria
and has a staff of approximately 17,000 employees worldwide. ANDRITZ operates over 180
production sites as well as service and sales companies all around the world.

ANDRITZ OY has been in operation in India since 1990, with a liaison office in New Delhi.

In addition, the group has an office in Chennai - Andritz Technologies Pvt. Ltd.

Both offices are headquartered in Finland and are looking after the activities in Pulp & Paper
Mill Equipment, Systems & Engineering.

Address:
ANDRITZ OY (India Office) ANDRITZ Technologies Pvt. Ltd.
Building No: 7, Flat No. 204-206, L.S.C. The Lords, Block II, Plot No. 1&2 (NP), III
Madangir Road, New Delhi-110 062, India Floor, Thiru Vi-Ka Industrial Estate
Tel: + 91-11-4102 5097 Jawaharlal Nehru Road, Ekkatuthangal,
Fax: + 91-11-4102 5098 Guindy, Chennai-600 032, India
E-mail: andritzoy@airtelmail.in Tel: +91-44-4293 9351
Website: www.andritz.com Mob: +91-97890 59351
E-mail: chennai.facility@andritz.com
Website: www.andritz.com


Finland-India Business Guide

Recommended

Recommended

More Related Content

What's hot

What's hot (19)

Viewers also liked

Viewers also liked (20)

Similar to Finland-India Business Guide

Similar to Finland-India Business Guide (20)

Finland-India Business Guide