Is the biggest challenge that you face in India?

Reuter: India is a challenging market, but we have a strong and experienced team of enthusiatic people on board. I have been dealing with India for more than 20 years and I have always enjoyed the interactions with my colleagues here.

However, the competition here is intense and margins are under pressure, but this just makes doing business here even more interesting. Business in Europe is less transactional because it is fixed for a long period and the business flows without any interference. The business and are able to grow. We hope that India will soon move away from transactional business to more of a contractual one. We already see a shift happening.