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Posts Tagged ‘Business’

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.

Import and Export Business in India

Friday, May 28th, 2010

India is a one of countries goes ahead about exporting, importing and manufacturing business in all of these areas. India’s skilled talent manufactures and exports a great array of products, which make a huge marketplace offshore.

Several of the major parts which see India as exporting and manufacturing are:-

Agriculture Industry – India’s financial system is different from others, with farming being its foundation. India exports a huge hunk from its agriculture stock, and various stuffs are heartily valued in the international bazaar. A few goods that reach out to international audience directly from nations farms are Sugar, Tea, Spices, Wheat, Rice, Tobacco, etc.

Textile and Apparel Industry – Apparel industry has a unique place in India’s export import data bank. After agriculture, textile industry sees India possibly, as the 2nd largest center of exporting to other country. If reviews are to be believed, Indian textile trade creates about 30% of the total exports! Specialist orate that keeping in view the constantly increasing demand of Indian textile and apparel industry, the position of this sector is bound to raise.

Chemical Industry – Chemical trade makes a most important part of the Indian economy, contributing around 7% of the Indian GDP. India is inextricably connected with major chemical manufacturing, then whether it deals with chemical drugs used in medicines, toiletries and soap, dyes and paints or varied types of pesticides. These progression and accomplishments have forced India to take added proposal in the field and hold the competition directly.

Home Furnishing goods – Manufacturing of home products like tapestry, curtains, linen, cushions, etc., is not a single countries stance. India on the other hand leads the field by designing excellent textile items that speak their worth. The knitting, weaving and spinning structure of these house-hold furnishing goods showcase India’s ethnic and artistic design model that has made an extraordinary place around the world. India earns a good-looking amount with the export and manufacture of Table Linen, Bed Linen, Curtains, Toilet and Kitchen Linen, Carpet and Floor Coverings, and other clothing accessories.

Indian Jewelry – Indian jewelry areas is completely attributed to the ancient Indian society and civilization. The outstanding gems and jewels that India has under its lap, clubbed with the astonishing artwork, makes it renowned in the international market. India trade jewelry and gems to U.S, UAE, U.K, Hong Kong, Singapore, Belgium, among others nations.

Discussed above were the some region where India has shown its guts in export and manufacturing arena. The Indian export industry is enormous and caters to an ample market. Like any other nation, a big part of India’s economy is reliant on its exporting.