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A Global Country Study Report on Italy in Partial

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A Global Country Study Report on Italy in Partial A GLOBAL COUNTRY STUDY REPORT ON ITALY IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In Gujarat Technological University Batch : 2010-12 MBA SEMESTER III/IV Shri Sunshine Group of Institutions (773) MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad April, 2012 1 INDEX NO Particulars Page No. 1 Economy Overview of Italy 4 1.1 Demographic Profile of the Italy 4 1.2 Economic Overview of the Italy 6 1.3 Overview of Industries Trade and Commerce 9 1.4 Overview Different economic sectors of Italy 14 1.5 Overviews of Business and Trade at International Level 18 1.6 Present Trade Relations and Business Volume of 19 different products with India 1.7 PESTEL Analysis 24 2 Industry/ Sector/Company/Product/Service/New venture 29 specific study 2.1 Introduction of the selected Company / Industry / Sector 29 and its role in the economy of Italy. 2.2 Structure, Functions and Business Activities of selected 52 Industry / Sector / Company 3.1 Comparative Position of selected Industry / Sector / 68 Specific Company / Product with India and Gujarat 3.2 Present Position and Trend of Business (import / export) 79 with India / Gujarat during last 3 to 5 years 4.1 Policies and Norms of selected country for selected 84 Industry/company for import / export including licensing / permission, taxation & Policies and Norms of India for Import or export to the selected country including licensing / permission, taxation etc 2 4.2 Present Trade barriers for import / Export of selected 93 goods 5.1 Potential for import / export in India / Gujarat Market 99 5.2 Business Opportunities in future 108 5.3 Suggestion & Conclusion 120 6 Plagiarism Test Report 132 3 PART - I 1. ECONOMIC OVERVIEW OF THE ITALY COUNTRY 1.1 Demographic Profile of the Italy Population 61,016,804 (July 2011 est.) Age structure 0-14 years: 13.8% (male 4,315,292/female 4,124,624) 15-64 years: 65.9% (male 19,888,901/female 20,330,495) 65 years and over: 20.3% (male 5,248,418/female 7,109,074) (2011 est.) Population growth rate 0.42% (2011 EST.) Birth rate 9.18 births/1,000 population (2011 est.) Death rate 9.84 deaths/1,000 population (July 2011 est.) Urbanization Urban population: 68% of total population (2010) Rate of urbanization: 0.5% annual rate of change (2010-15 est.) Sex ratio At birth: 1.059 male(s)/female Under 15 years: 1.06 male(s)/female 4 15-64 years: 1.03 male(s)/female 65 years and over: 0.72 male(s)/female Total population: 0.96 male(s)/female (2011 est.) Infant mortality rate Total: 3.38 deaths/1,000 live births Male: 3.59 deaths/1,000 live births Female: 3.16 deaths/1,000 live births (2011 est.) Nationality Noun: Italian(s) Adjective: Italian Ethnic groups Italian (includes small clusters of German-, French-, and Slovene-Italians in the north and Albanian-Italians and Greek-Italians in the south) Religions Protestant and Jewish communities and a growing Muslim immigrant community) Languages Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area) 5 Literacy Definition: age 15 and over can read and write Total population: 98.4% Male: 98.8% Female: 98% (2001 census) Education expenditures 4.3% of GDP (2007) Health expenditures 5.1% of GDP (2009) 1.2 Economy - overview of Itlay Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 15% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy has moved slowly on implementing needed structural reforms, such as reducing graft, overhauling costly entitlement programs, and increasing employment opportunities for young workers, particularly women. The international financial crisis worsened conditions in Italy's labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2010, but in the longer-term Italy's low 6 fertility rate and quota-driven immigration policies will increasingly strain its economy. A rise in exports and investment driven by the global economic recovery nevertheless helped the economy grow by about 1% in 2010 following a 5% contraction in 2009. The Italian government has struggled to limit government spending, but Italy's exceedingly high public debt remains above 115% of GDP, and its fiscal deficit - just 1.5% of GDP in 2007 - exceeded 5% in 2009 and 4% in 2010, as the costs of servicing the country's debt rose. Among the G8 nations, Italy is the only one that does not have nuclear power plants. In consideration of the extremely high dependence on imports of methane and oil – which are constantly increasing in price – and the growing emissions of CO2 (greenhouse effect), the antinuclear front is starting to 1back down. Economy of Italy: Rank 8th (nominal) / 10th (PPP) Currency Euro (EUR), except in Campione d'Italia (CHF) Fiscal year calendar year Trade organizations EU, WTO (via EU membership) and OECD Statistics: GDP $2.055 trillion (2010)[1] (nominal; 8th) $1.773 trillion (2010)[1] (PPP; 10th) GDP growth 1.1% (2010) GDP per capita $35,435 (2009) (nominal; 21st) $29,109 (2009)[4] (PPP; 27th) GDP by sector Agriculture: 1.8%; industry: 24.9%; services: 73.3% (2010 est.) Inflation (CPI) 1.4% (2010 est.) 7 Gini index 36 (2009) Labour force 25.05 million (2010 est.) Labour force by occupation Services (65.1%), Industry (30.7%), Agriculture (4.2%) (2005) Unemployment 8.4% (Feb. 2011) Average gross salary 2,521 € / 3,403 $, monthly (2006) Public finances Public debt 118.1% of GDP (2010 est.) Revenues $960.1 billion (2009 est.). Expenses $1.068 trillion (2009 est.) Economic aid $2.48 billion, 0.15% of GDP(2004) Credit rating Standard & Poor's: A (Domestic), A (Foreign) AAA (T&C Assessment) Outlook: Negative Moody's: A2 Outlook: Stable Fitch: AA- Outlook: Positive Foreign reserves US$165.796 billion (March 2011) 8 1.3 Overview of Industries Trade and Commerce Renewable Energy Trade Mission for Italian Companies October 19-23, 2010 This crucial event will be held this Fall in Philadelphia in conjunction with the World Green Energy Symposium & Expo. Your enrollment fee for this event includes: Ticket to the Symposium Tour to a wind powered facility A full-day event with special workshops: o Morning session with representatives of the State of Pennsylvania, the City of Philadelphia, and Italian and US institutions o Afternoon session: B2B meetings and network with matching Italian and American companies Complete information of PA State incentive program Complete list of participants with contact information sent to you after the Expo One year IACCGP Corporate Membership. Italy's is fast developing one of the world's most diversified energy portfolios. Ernst & Young looks at how heavy investment in renewable energy combined with a strong push towards gas and the reintroduction of nuclear plants is behind Italy's energy diversity. Although Italy is still relatively dependent on fossil fuel resources, it has rapidly increased its gas and renewable resources in the last ten to 15 years in an attempt to fast track its reputation as one of the most diversified power nations in 9 the world. Compared to other G8 countries, in particular France and the US, Italy has a notable historic absence of nuclear resources and therefore appears slightly behind in terms of diversifying its energy portfolio. Description According to the 2008 BP Statistical Energy Survey, Italy had proved oil reserves of 0.781 billion barrels at the end of 2007 or 0.06 % of the world's reserves. According to the 2008 BP Statistical Energy Survey, Italy produced an average of 121.6 thousand barrels of crude oil per day in 2007, 0.15% of the world total and a change of 1.5 % compared to 2006. Italy is a large consumer and importer of oil. According to the 2008 BP Statistical Energy Survey, Italy consumed an average of 1745.06 thousand barrels a day of oil in 2007, 2.1% of the world total and a change from 2006 of -67.08 tbpd.Eni is the largest oil and natural gas company in Italy. Over the past decade natural gas consumption has grown rapidly. According to the 2008 BP Statistical Energy Survey, Italy had 2007 proved natural gas reserves of 0.08 trillion cubic metres, 0.05% of the world total, and natural gas production of 8.9 billion cubic metres, 0.3% of the world total. During the same period, Italy consumed of 77.83 billion cubic metres of natural gas, 2.65% of the world total. In April 2007, the European Commission and representatives of seven European governments signed an agreement to begin construction of the Pan-European Pipeline (also known as the Constanta-Trieste Pipeline), which would link Constanta, Romania with Trieste, Italy, allowing crude oil from the Black Sea region to bypass the congested Bosporus Straits. According to the 2008 BP Statistical Energy Survey, Italy had a 2007 refinery capacity of 2329 thousand barrels a day, 2.64% of the world total. 10 Key Insights into the Oil & Gas Sector of Italy The latest Italy Oil & Gas Report from BMI forecasts that the country will account for 12.7% of developed European regional oil demand by 2010, while contributing 3.3% to supply.
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