Benefits of Doing Business in India
For companies and executives from Western economies there are many benefits of doing business in India when compared to 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.