Session on “Understanding India’s Business Environment” organized at Yanfeng Automotive in Shanghai (28 April 2017)

1.     A special interactive session on “Understanding India’s Business Environment” was organized at the premises of Yanfeng Automotive in Shanghai on the afternoon of 28 April 2017. The session was attended by nearly 150 senior and mid- level employees of the Yanfeng Group, which is looking at expanding its operations in India on a large scale.

2.     Consul General Prakash Gupta delivered the key note address and provided an overall perspective of the investment environment in India, especially the nuances of business culture that Yanfeng’s team needed to keep in perspective, while engaging with Indian business counterparts. Mr. He Mingkang, General Manager, Yanfeng Automotive Trim Systems Shanghai welcomed Consul General and underscored the importance of the Indian market to all members of the Yanfeng team. With a total of 300 employees working at three manufacturing locations in India, Yanfeng is one of the leading interior trim product vendors for automotives in India.  Its main clients include GM, Ford and FCA India with main products being instrument panels, door panels and console.  

3.     Yanfeng India registered sales revenue of 550 million rupees in 2015 and has set a target of 3 billion INR for 2018. Presently, Yanfeng has manufacturing plants at Kalol (Gujarat), Sanand (Gujarat) and a tech-cum-manufacturing facility in Pune (Maharashtra).

Shanghai, 2^nd May 2017