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52 India-EU: Creating Market Alliances Indian consumers to benefit from: Easy access to high - tech products Affordable prices Environmentally compatible offerings Consumer Benefit: Growing trade between India and Europe will greatly benefit the consumers on both sides. End users, whether a commercial or a domestic unit, will benefit from free access to technology at affordable price. The Indian consumer segment in the wastewater management sector is keenly awaiting access to advanced technology offered through EU goods and services. The current customer demand is not met internally and there is a huge demand-supply mismatch. The municipal and industrial waste is not treated completely and has led to a chaotic civic situation. Increased focus on recycle, reuse and zero discharge in India, provides ample opportunities for EU technology transfer. Following are the major benefits to the consumer sector: Lower Price: The Indian customer segment (municipal / industrial) will benefit from lower prices due to increase in trade between India and Europe. FTA talks provide an opportunity for reduction in tariff barriers for wastewater technologies. The EU technology will become cheaper in India and benefits can further trickle down to the customers in the form of lower price for products and services. Access to High EU Technology: Reduction in tariff and non-tariff barriers between the two parties will provide an impetus to trade. As per our interaction with various KOL’s there are hundreds of wastewater companies i.e. manufacturers and service providers that are waiting to enter India and expand their operations. Indian wastewater sector will have greater access to niche EU technologies and gain critical know-how on its usage and benefits. Increased Choice: Open trade will provide a plethora of alternatives to the consumers in India. They will have various technology options to choose from based on cost and quality considerations. Environmentally Friendly Technology: EU products and services conform to stringent international standards on environmental benchmarks. The Indian consumers will benefit from these green technological solutions, which will reap rich rewards over the next few years and onwards. Environmental Invest www.ebtc.eu
Building Access for “Waste-Water Management” Companies 53 Eliminating Trade Barriers: Coming FTA talks are at an opportune time for India and Europe to work towards eliminating trade barriers that are unfavourable to free trade between the two partners. There is a growing intent on either side to reduce / eliminate tariff and non-tariff barriers, enabling greater trade. We have identified and closely analysed the key trade barriers that continue to thwart open trade between India and Europe. Mutual trade will greatly benefit if these bottlenecks are eliminated or significantly reduced. Trade Barriers to be eliminated by Government: Tariff: ‣ High Import Duties ‣ Inter State Tax Disparity Non Tariff: ‣ Unclear Legal / Regulatory Environment ‣ Red Tapism Following are the key tariff barriers that require attention: Import Duties: India and EU should completely eliminate duties on at least 90% of tariff lines with the remaining 10% to be negotiated or completely excluded. This high rate makes EU products uncompetitive in India. Special provisions should be offered to Clean Technology sector with import subsidies for all technologies. Inter State Tax Disparity: Indian political set-up needs to regulate inter-state taxation. Government needs to simplify and rationalise the inter-state tax structure, GST has been proposed that will greatly help eliminate this problem and enable uniform pricing across all Indian states Non Tariff-Barriers that need to be addressed: Weak or Unclear Legal / Regulatory Environment: India needs to enforce stringent rules and ensure timely implementation for environmental policies and judicial redressal. IPR related issues should be resolved proactively to protect the interests of domestic and foreign investors and encourage import of advanced technology solutions. Various EU wastewater products have been copied in India and fraud cases are still awaiting justice. Red-Tape: Government needs to have a central body to deal with market entry procedures and requirements for a smooth / speedy process. There is need to welcome FDI by eliminating unnecessary paperwork and expediting timely decision making. Part of the shift to a more sustainable waste management mechanism, the public sector is expected to be proactive in creating a welcoming environment for EU waste management companies. To find solutions, we will need to draw on a cocktail of existing and new policy approaches, a more transparent approach and stringent legislative machinery. This will encourage EU companies to successfully enter and conduct business in India. www.ebtc.eu
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