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Archive for September, 2013

India – A Favorable Destination for Doing Business

Wednesday, September 4th, 2013

India has a 20 million-strong scientific and technical manpower. India has a vast domestic market – a 300 million-strong middle class population with substantial purchasing power and another 700 million-strong population whose capacity to purchase is gradually increasing. Being a vibrant democracy with a large democratic set-up supplemented by a broad-based legal framework including arbitration and an independent judicial system, it boasts of a vast network of bank branches, financial institutions and well-organized capital and money markets. These attributes make India a favorable destination with many benefits of doing business compared with other Asian or emerging country alternatives.

With a 5,000 year heritage of welcoming foreigners to its shores, India welcomes diversity. America, Americans and American brands are well liked and popular in India while Europeans and Asians are also readily accepted. India has many religions, skin colors and languages and you will not feel alienated if you embrace the country without being judgmental

India is a free society and Websites, movies and music from other cultures is not censored or limited, with the exception of pornographic or extremely seditious materials.

Investing into India and repatriating profits or other gains is generally quite straightforward. Foreign companies can readily raise equity capital in India and many foreign companies have subsidiaries traded on Indian stock exchanges.

India’s location can make it a good strategic alternative to China for manufacturing and shipping to Africa, the Middle East, and Southeast Asia. Honeywell manufactures turbochargers in Pune, and Hyundai makes automobiles in Chennai for the African and European market.

India’s engineers and managers travel well globally. GE, Google, CA, Mastercard, Reebok and many others have transplanted managers first hired in India into corporate headquarters and worldwide leadership positions. India’s talent is a tremendous asset.

You will readily find people who speak English and you can buy English language books and magazines in all major Indian cities and airports. If you speak a major European language such as Spanish, German, or French, you will also find speakers of these languages in major Indian cities, thanks to organizations such as Max Mueller Bhavan and Alliance Francaise and also due to India’s booming global call center business.

India’s young population and growing economic power promises to be a magnet for foreign companies for decades to come.