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A GLOBAL COUNTRY REPORT on BELGIUM Submitted to Gujarat

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A GLOBAL COUNTRY REPORT on BELGIUM Submitted to Gujarat A GLOBAL COUNTRY REPORT ON BELGIUM Submitted to Gujarat Technological University IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In Parul Institute of Engineering & Technology MBA Compiled By:- Ms. Iram Ada Khan Assistant Professor Ms. Vidita Sinha Assistant Professor Submitted by Parul Institute of Engineering & Technology MBA Students Batch: 2011-13 MBA SEMESTER III & IV PARUL INSTITUTE OF ENGINEERING & TECHNOLOGY MBA MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad 2013 NAME AND ENROLLMENT NO. OF GROUPS GROUP NO 1 PART I: CHAPTER 1 DEMOGRAPHIC PROFILE OF BELGIUM PART II: SECTOR ANALYSIS OF MACHINERY TOOLS INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592001 BHATT NAIMISHKUMAR PRAFULKUMAR 117420592002 KALELE KAUSHIK MADHAV 117420592004 SRIVASTAVA NITESH UMESH 117420592005 SHERASIYA HITESHKUMAR GANESHBHAI 117420592006 BASER SURYA KAILASH 117420592007 GULABANI VINITA RAJMOHAN GROUP NO 2 PART I: CHAPTER 2 ECONOMIC OVERVIEW OF BELGIUM PART II: SECTOR ANALYSIS OF GLASS INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592008 MAHADIK JANHAVI SHARAD 117420592009 SABNIS SHRUTI UDAY 117420592010 MEHTA MAITREE LAHERCHAND 117420592011 BHATT NIDHI PRAMODKUMAR 117420592012 GOLANI BHAVITA SUNIL 117420592013 PARIKH SAMKIT DEVESH GROUP NO 3 PART I: CHAPTER 3 OVERVIEW OF INDUSTRIES TRADE AND COMMERCE PART II: SECTOR ANALYSIS OF PAPER & PACKAGING INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592015 THOBHANI NEEL MAHENDRABHAI 117420592016 BHOITE SWAPNILA RAJIVAN 117420592017 NANWANI VIKAS DAYANAND 117420592018 GAYATHRI SHANKAR 117420592019 DIVIYESH GOHEL 117420592020 PALAK JAISWAL GROUP NO 4 PART I: CHAPTER 4 OVERVIEW OF DIFFERENT ECONOMIC SECTORS OF BELGIUM PART II: SECTOR ANALYSIS OF TRAVELS & TOURISM INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592021 AHUJA PAYAL NARENDRAKUMAR 117420592022 JADEJA DUSHYANT NARPATSINH 117420592023 GAJJAR MANISHKUMAR ARVINDBHAI 117420592024 PUROHIT SAMPADA MILIND 117420592026 GALAGALI AAKASH ANIL 117420592027 GOSAI NIKITA SATISHGIR GROUP NO 5 PART I: CHAPTER 5 OVERVIEW OF BUSINESS & TRADE AT INTERNATIONAL LEVEL PART II: SECTOR ANALYSIS OF METAL INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592028 PRAJAPATI VANDITKUMAR RAMESHBHAI 117420592029 SHEKH IRSADBHAI ARAHIMBHAI 117420592030 VADHER TEJALBEN ABHUBHAI 117420592031 RATHOD SANDIPKUMAR DHIRUBHAI 117420592032 PARMAR BHAVINI GANPATBHAI 117420592033 KATHIRIYA AJAYKUMAR PRAGJIBHAI GROUP NO 6 PART I: CHAPTER 6 PRESENT TRADE RELATIONS AND BUSINESS VOLUME OF DIFFERENT PRODUCTS WITH INDIA/GUJARAT PART II: SECTOR ANALYSIS OF GEMS & JEWELLERY INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592034 PARMAR MANHAR NARSHIBHAI 117420592035 PRAJAPATI HARESHKUMAR VINODBHAI 117420592036 SHAIKH SUMAIYA MOHMMEDHANIF 117420592037 PATEL VIREN BABUBHAI 117420592038 MAKWANA JITENDRAKUMAR MOTIBHAI 117420592039 KATHIRIYA PRATIKKUMAR ANUBHAI GROUP NO 7 PART I: CHAPTER 7 POLITICAL ANALYSIS PART II: SECTOR ANALYSIS OF PHARMACEUTICAL INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592040 MISTRY CHANDNI RAMESHBHAI 117420592041 SUDAN ROBINA RAJESHBHAI 117420592042 PATEL JUGALKUMAR RAMANBHAI 117420592043 SHEKH SOEB NOORMOHMED 117420592044 CHAUDHARY AKASHKUMAR RAMESHBHAI 117420592045 DHAVAL RAJESHBHAI GANDHI GROUP NO 8 PART I: CHAPTER 8 ECONOMIC ANALYSIS PART II: SECTOR ANALYSIS OF AUTOMOBILE INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592046 RAULJI SHELU RAJENDRASINGH 117420592047 VIKRAM AWASTHI 117420592048 POOJA SANATKUMAR MEHTA PATEL NISHANTKUMAR 117420592049 RAJENDRAKUMAR 117420592050 SHAH VAIBHAV KAMLESHBHAI GROUP NO 9 PART I: CHAPTER 9 SOCIAL & TECHNOLOGICAL ANALYSIS PART II: SECTOR ANALYSIS OF FOOD & BEVERAGES INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592051 CHUDASAMA RAJDEEPSINH KISHORSINH 117420592052 CHARVI MANISH PATHAK 117420592053 PATEL GAURAV NATVARBHAI 117420592054 THAKOR DIPYANTIBEN MAHENDRASINH 117420592055 GANDHI SHREENATH RAJESHKUMAR 117420592056 PATEL VARUNKUMAR JASHUBHAI GROUP NO 10 PART I: CHAPTER 10 ENVIRONMENTAL & LEGAL ANALYSIS PART II: SECTOR ANALYSIS OF CHEMICAL INDUSTRY ENROLMENT NAME OF STUDENT NO. 117420592057 MEHTA HETA BIPINBHAI 117420592058 PATEL SHIVALI GIRISHBHAI 117420592059 PATEL CHIRAGKUMAR ARVINDBHAI 117420592060 PARMAR BINAL NAKUSHKUMAR 117420592061 KHER PRAVEEN SHIV NANDAN DECLARATION We, students of Parul Institute of Engineering & Technology MBA, hereby declare that the report for Global Country Report on Belgium is a result of our own work and our indebtedness to other work publication, references, if any have been duly acknowledged. Place: Vadodara Date: _________ Names of the Group Leaders Signature Group 1: Kaushik Kalele Group 2: Samkit Parikh Group 3: Gayathri Shankar Group 4: Dushyant Jadeja Group 5: Kathiriya Ajay Group 6: Prajapati Haresh Group 7: Robina Sudan Group 8: Mehta Pooja Group 9: Gandhi Shreenath Group 10: Kher Praveen INSTITUTE’S CERTIFICATE It is certified that this Global Country Report on Belgium is the bonafide work of students of Parul Institute of Engineering & Technology MBA who carried out the research under our supervision. We also certify further, that to the best of our knowledge the work reported herein does not form part of any other project report or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any other candidate. Name of the Faculty Guide Signature Ms Vidhita Sinha Ms Iram Khan PREFACE The Practical training at MBA level is to develop the students’ experience about industrial environment of business practice at domestic as well as international level in order to develop a practical base in them as supplement to the theoretical studies of the management in general. The theoretical knowledge and concept ideas are the enough background for career development but the practical training is also having equal contribution for the purpose. It is very true saying that “Without practical exploration no one becomes expert”. Global Country Report, an opportunity provided by the university intends to increase the knowledge, attitude and ability of a student to observe and perceive the business system of another country. As a result of MBA, it is a part of education that we may be allowed to know about how a particular industry / sector perform in another country. Through Global Country Report, we come across some great knowledge of how a particular industry / sector perform in a country. ACKNOWLEDGEMENT This acknowledgement is not only the means of formality, but to us, it is a way by which we are getting the opportunity to show the deep sense of gratitude and obligation to all the people who have provided us with inspiration, guidance and help during the preparation of the project. At the very outset, we would like to express our gratitude from the bottom of our hearts to Gujarat Technological University for giving the students the opportunity to do a Global Country Report so that we can learn about the business as well as managerial activities regarding another country. We would also like to express our gratitude to our faculty guide Ms. Aashka Patel- (Asst. Professor), Ms. Iram Khan- (Asst. Professor ), Ms. Vidhita Sinha–(Asst. Professor ), Parul Institute of Engineering & Technology MBA, who helped us in carrying our project work, which ultimately resulted in successful completion of the project. Last but not the least we are thankful to our parents, friends and all well wishers for blessing us for our success. EXECUTIVE SUMMARY Gujarat technological university has added Global Country Report in the current syllabus so that students get practical knowledge of other countries along with India. The objective of Global Country Report is to enable the students about the socio-economic aspects of a foreign country, and learn about present and potential area of business with that country. It also enables the students to learn about how to do business / export / import with / within that country. Here, we have chosen Belgium for our study. This report includes the Summary of work done in the Semester III (PART I) and also the summary of work done in Semester IV (PART II). Part I focuses on the Demographic profile, General Economic & Industries overview, General overview of Trade & Commerce, Overview of different economic sectors of Belgium, Legal aspects of trade in Belgium, Present trade relations of Belgium with India and specifically Gujarat, the Import Export scenario between the two nations, Business volume of different products, investments with India and also Gujarat. It also includes the PESTEL Analysis. Part II in this report consists of a Specific Study and Analysis of different sectors. It is a synopsis of Analysis of particular industry/sector/company of Belgium, the present relationship with Indian trade and commerce, investment, import-export. Further it also focuses on the identification of possibilities or new opportunities of business which can be in trade, manufacturing, import, export, investment etc in Belgium. The different sectors which we have covered under specific study and analysis are Machinery & Tools, Glass, paper & Packaging, Travels & tourism, Metal, Gems & Jewellery, Pharmaceutical, Automobile, Food & Beverages and Chemical This report it identifies achievements, assesses progress and also signals opportunities for Indian businesses. The report will provide potential investors an overview of the Belgium economy and society, detailed insight on opportunities and challenges in the Belgium market and some practical information about working Belgium. The report contains
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