Doing Business in India

NABC 2006

Houston

By

Ankur Gupta

29th June, 2006

Doing Business in India - Opportunities

• Opportunities in India today are very lucrative

• Demand created by fast growing economy and emerging consumer base

• Many industry sectors are particularly exciting – Energy Telecom, Automotive, Pharmaceuticals, Retail …

• Many administrative controls have been relaxed to allow foreign investment

• Healthy foreign exchange reserves

• Technical, English speaking workforce

Doing Business in India - Risks

• Infrastructure still needs lot of development

• Airlines, telecom, IT infrastructure are well developed but water, power, roads etc still need considerable development

• Taxation is very complex and needs to be well understood

• Import/export procedures can be cumbersome

• Certain processes in India are unique and need thorough understanding

Doing Business in India – Processes

• Working with/for government bodies, Public sector undertakings needs thorough understanding of principles and procedures

• Completion of procedures and formalities does take much longer than in many other parts of the world – patience and understanding are key

• Credit ratings and reliability of PSUs is particularly good

• Concept of L-1 – tendering procedures

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