India is predicted to become the third largest economy by size after the US and China before the end of this decade. Driven by a supportive regulatory environment, high investments in (digital) infrastructure and a vast talent pool, the Indian economy is set to double to US$7trn by 2030.

One of the companies that aims to benefit from the country’s immense growth potential is Fuchs SE, an independent global supplier of lubrication solutions that has generated revenues of €3,.5bn in 2023.

“We were able to double our growth in India over the last two to three years by identifying the right market segments here in India,” says Parag Dongare, CEO of Fuchs Lubricants India – a 100% subsidiary of the Germany-based Fuchs SE.

Yet, growing the business in India comes with challenges from a treasury point of the view, adds Prathamesh Khedekar, the company’s Chief Financial Officer. “Managing the foreign exchange risks and ensuring compliance with cross-border trade regulations which are very time-demanding tasks.”

How did Fuchs tackle these challenges? Tune into this new episode of the flow InCorporate Treasury podcast and learn more about the story of Fuchs Lubricants India.