Establishing Business Operations in India
March 7th, 2007 - by Chris Devonshire-EllisIntroduction to two presentations on the success and failure of businesses and associations in India:
India is currently the 10th largest economy, fourth in terms of purchasing power. Growth for this year alone is over 8%. The current, estimated GDP is around $719.8 Billion. Since becoming an open economy in 1991, India has worked to make its mark in the global market. The average age of its citizens is 27 years old and many of whom are well educated, married and without children; India has the ability and resources to be among the top four nations in terms of economy. The presentations include lessons to follow when establishing business operations in India: http://www.2point6billion.com/Succeeding_in_India.ppt and an overview of the climate for setting up a business in India: http://www.2point6billion.com/India_presentation.ppt.
This presentation was given by Ajay Muttreja, Plexus Consulting Group Affiliate in India and CEO, Director of Tecnova India.
We are grateful to Plexus Consulting for allowing us to post this powerpoint presentation. Please visit them at www.plexusconsulting.com
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of Dezan Shira & Associates, the Asian foreign direct investment legal and tax practice responsible for this website, with details of services provided to MNC’s across Asia and our Asian Regional offices. 
March 7th, 2007 at 3:04 pm
As an Indian based in Shanghai, i was pleasantly surprised to note this initiative of DSA. Am waiting to see how it takes off. I feel many chinese companies and other would be curious to enter India and this forum may be useful for all knowledge seekers.
Cheers, LR
April 24th, 2007 at 4:15 pm
Have a look at this: http://psdblog.worldbank.org/psdblog/2007/04/how_georgia_bec.html
Would love see India achieve these kind of performance targets. We need the secret of the diet these guys follow so that the same can be served in the Indian parliament.
April 24th, 2007 at 5:42 pm
I completely agree with you Akhil in that these are critical targets that all developing countries should seriously aim to achieve.
For India, what will it take to curb corruption in a big way? Perhaps the real question at hand is not about corruption but rather about how to get India’s mass groups of poor out of poverty and get them into money-making jobs - I think this would be a more effective way of dealing with the problems that arise out of corruption. Other ingredients needed include a promotional policy environment that speeds up the time need for individuals to open a business (Georgia certainly has that down) and tax incentives for small business owners (Mom & Pop’s shops). And it wouldn’t hurt to build more and better roads & highways and to revamp rail infrastructure and waterways. A bit of a chicken-and-egg situation here I realize with no easy answers.
May 10th, 2007 at 4:51 pm
Procedural systems vis a vis businesses in India are becoming faster and effective by the day!!
Certain reforms in the mode of payment of Stamp Duty are in pipeline.
The Ministry of Company Affairs, Govenment of India is underway to make possible electronic payment of Stamp Duty which will enable businesses to be set up in 72 hrs only rather than 4 -5 days required currently for incorporations.
Stamp duty being a State level subject requires the approval of respective State Governments. Approx 20 of them have given.
source: Financial express, Mumbai