(7 votes, average: 4.00 out of 5)India, today, is one of the two hottest destinations for doing business. In fact this recession has shown the true colors of almost every country that was prospering. Every country except China & India have had negative growth. The growth in India is unparalleled with a near 6% GDP growth despite these testing times.
Hillary Clinton’s visit to India last week paved another path for bilateral ties. Defense deals, new trade agreements, joint ventures to fight climate change etc., are some of the key highlights of discussion during Hilary’s visit to India. Given the mandate that this election has thrown out coupled with Obama’s vision for India, the number of opportunities between India and US will only grow north.
If I were a business man and I had some innovative concepts or planning to expand my current footing, the first thing that I would do is to look at countries like India and China. Assuming I had a few million dollars to plan for a plethora of activities, my first few activities would include doing a survey, understanding the local requirements, hiring a team of experts locally, assigning them responsibilities, setting them targets and working with them to achieve my goals. Easier said than done, right ?
Now lets think practically – How many of us have a few million dollars to spare ? How many of us can afford to go to India often, stay there for a while and establish practically everything from scratch – A handful ?
A difficult proposition considering the effort required to set up your office, infrastructure, team etc., right ? So, what happens when you land in India – How will you be treated ? Will you be cheated ? How are the hotels ? Is everyone transparent enough ? What is your support level ? Who can you contact, in case you need help ? Do you need to take insurance ? How can you trust the doctors there ?
A million questions in your mind and you don’t have your answers. You wish there were answers to all these questions, so you could happily venture out in India without having to worry about individual and organizational credibility. You wish there was a helping hand to walk you through your road to success. You wish there was someone responsible who answered all your queries. You just wished !
Until about a few years ago, these wishes would have been mere wishes, with entrepreneurs and businessmen wading in the dark experimenting with the truth and reality of life in India. But now, things are different, way different than you can imagine.
A company called Entry India has made the life easier for Americans to start business in India. In their own words
Our Mission at Entry India is to Bring India Opportunities and US Businesses Closer.
The First Step towards this is to be aware of the ‘opportunity’. Our opportunity reports are specially designed for small businesses, start-up companies and investors to quickly size up the opportunity and get prepared to seize it. Our personalized approach to collect, organize, validate, and disseminate information is uniquely effective in overcoming entry barriers and ensuring successful outcomes for you.
India is beckoning U.S. companies. Let us take you there.
Entry India has recently completed their Delhi Travel Directory . Whether you are traveling to India for pleasure, business, study or medical care, the best way to ensure a successful and hassle free trip is to be thoroughly prepared for the trip. Delhi Travel Directory covers important information for planning your trip to Delhi and practical personal, business and government contact numbers and information you will need while in Delhi. It is a resource created by Non-Resident Indians (NRIs) for NRIs to make their endeavors in Delhi successful especially when they visit Delhi for personal or business purposes.
Like Delhi, there are plans to come up with Directories for Hyderabad, Bangalore, Chennai, Mumbai etc. What more? Each of the associates/address listed in this directory are handpicked and qualified by Entry India LLC. It can’t get better!
Dr. Mahendra Pratap, one of the partners with Entry India, presented ‘Doing Business in India’ at the 14th BMM Convention’s US-India Trade Fair/Expo on July 04th, 2009. Here is a glimpse of the presentation.
Still thinking ?
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September 15th, 2010 at 10:44 pm
Now, this one is an interesting situation. The Indian government likes to tom-tom the oil subsidy bill as a proof of its socialistic credentials; the media targets the government for unfairly subsidising the expenditure of the middle class; and most economists lay the blame at the door of the government for distorting the free market mechanism of price determination via these subsidies.
There are three duties/ taxes collected by the government on the sale of petroleum products. The state governments collect the sales tax while the excise and custom duties go into the kitty of the central government.
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