The rapid economic growth of the last few years has put heavy stress on India's infrastructural facilities. The projections of further expansion in key areas could snap the already strained lines of transportation unless massive programs of expansion and modernization are put in place. Problems include power demand shortfall, port traffic capacity mismatch, and poor road conditions. However, most of the project for road widening, and making of the Express way for National highway are near to completion. Indian Bureaucracy Although the Indian government is well aware of the need for reform and is pushing ahead in this area, business still has to deal with an inefficient and sometimes still slow-moving bureaucracy. Diverse Market The Indian market is widely diverse. The country has 17 official languages, 6 major religions, and ethnic diversity as wide as all of Europe. Thus, tastes and preferences differ greatly among sections of consumers.
Therefore, it is advisable to develop a good understanding of the Indian market and overall economy before taking the plunge. Research firms in India can provide the information to determine how, when and where to enter the market. There are also companies which can guide the foreign firm through the entry process from beginning to end --performing the requisite research, assisting with configuration of the project, helping develop Indian partners and financing, finding the land or ready premises, and pushing through the paperwork required.
Advantage India
* Progressive movement towards delicensing and deregulation.
* India is the world's largest democracy.
* The gross domestic product grew by 8.9 percent in the first quarter of 2006-07
* Large pool of young skilled labour force, cost effective production facilities, large domestic market.
* Capacity up gradation in infrastructure, industrial base and intellectual capital.
* Progressive tax reforms.
* Progressive opening of the economy to FDI.
* Portfolio investment regime liberalized.
* Liberal policy on technology collaboration.
* Investor friendly policies.
* Acceleration of the privatization process and restructuring of public enterprises.
* Good network of research and development.
* Economic and political stability.
Therefore, it is advisable to develop a good understanding of the Indian market and overall economy before taking the plunge. Research firms in India can provide the information to determine how, when and where to enter the market. There are also companies which can guide the foreign firm through the entry process from beginning to end --performing the requisite research, assisting with configuration of the project, helping develop Indian partners and financing, finding the land or ready premises, and pushing through the paperwork required.
Advantage India
* Progressive movement towards delicensing and deregulation.
* India is the world's largest democracy.
* The gross domestic product grew by 8.9 percent in the first quarter of 2006-07
* Large pool of young skilled labour force, cost effective production facilities, large domestic market.
* Capacity up gradation in infrastructure, industrial base and intellectual capital.
* Progressive tax reforms.
* Progressive opening of the economy to FDI.
* Portfolio investment regime liberalized.
* Liberal policy on technology collaboration.
* Investor friendly policies.
* Acceleration of the privatization process and restructuring of public enterprises.
* Good network of research and development.
* Economic and political stability.
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