Of all the fast-growing BRIC countries, only India stands strong right now. With stability in central Government India’s economy seems perfectly structured to handle delicate and dangerous global market fluxes.
Check out India's main stock index (in brown) compared to everyone else
Today, while much of the world is in dark place economically — Brazil is embroiled in a corruption scandal, sanctions continue to constrain Russia's economy, China is slowing down, and unemployment persists in the EU - India stands out as a star performer: the one emerging market perfectly positioned for growth. Have further question? Please click here to write us.
Q2: What are the business prospects in India?
A simple analysis, taking into account the increasing population, growing consumption and the shrinking agricultural land, shows that there is a very lucrative market for overseas companies with products or technologies in the following areas:
Food & Beverages: food processing, food packaging, food warehouse and transport, health drinks, etc.
Home based: home décor products, kitchenware essentials, bed and bath, etc. Healthcare: diagnostics and testing, medical equipment, health supplements, clean air and water products, etc.
Education: medical/nursing, ‘train the teacher’ programs, automotive mechanics, medical technicians, advanced courses in the upcoming fields of genetics and nanotechnologies. For human resource and skill requirements in the healthcare services industry, your can download a full report by National Skill Development Corporation of India at entryindia.com/files/Healthcare/healthcare.pdf
Consultancy Services: engineering, business development, product development, security analysis, etc.
Infrastructure: waste management, solar and wind technologies, temperature controlled warehouses, air and noise pollution control technologies, towing trucks, and automated parking lot equipment.
Similar business prospects are ample in other sectors such as home land security, media & entertainment, hotel/motel, financial investment services, etc.
In case you want more info on specific sector of your business, please click here to write to us.
Q3: What are the common or local business practices in India?
Indians tend to make business on a personal and very friendly basis. If you’re not used to this rather laid-back atmosphere, you need to be very patient and flexible.
English is used as a business language in India. Therefore, it is not necessary to translate any company materials or business cards. This would be hard anyway since there are many key Indian languages spoken in India, besides Hindi.
India’s society is very hierarchical and, since roles and status are extremely important, you should be respectful towards higher-ranking people. It is best to use academic titles when addressing Indians.
We have been operating in Indian market for decades and the management team has experience in decades of operating in the Indian market. We understand Indian business practices and can translate in your language to make things easier. We can help you in understanding many areas including and not limited to:
- Planning business meetings
- Business dinners
- Greetings and small talk
- Business cards and how to handle them
- Business gifts in India
- Social protocols at business meetings
- The way of communicating at Indian business meetings
- Making business decisions
- Corruption in India
Q4: What might be the prospects of my business in India?
Please feel free to get in touch with us and we will be happy to discuss your product, its prospects in India and the needs of Indian market, as every organization, product and market is different. We provide bespoke solutions to every organization depending on its need. Click here to send your first email to us.
Q5: What might be the prospects of my business in India?
The business culture of India is a reflection of the various norms and standards followed by its people. Indians have various cultural yardsticks, which extend to their business culture too. It is important that understand the business culture of India
Although the detailed list can be very exhaustive, here are some basic norms to familiarize you with the business ethics in India:
- The 'Namaste' or ‘Namashkar’ forms an important part of Indian etiquette and is generally used while greeting and saying good-bye. However, educated Indian men and women, who are acquainted with western customs, prefer shaking hands.
- A proper understanding of culture and business etiquette would not only demonstrate a respect for India but will also create a feel good factor amongst the prospective clients.
- In India guests are treated with utmost respect and courtesy. International travelers can expect to enjoy the Indian hospitality. At the same time culturally and as a mark of politeness, Indians have difficulty in saying no, this could be a stumbling block in negotiations and in closing contracts.
- The notion of time, time management, and punctuality is still an anathema in India. It would not be surprising if meetings are postponed, re scheduled, cancelled or organized at a very short notice.
- The proficiency over the English language for the average middle class is commendable. Official communication-letter faxes, emails are generally received without any hitch, but it would be prudent to cross check if the transmission has reached the receiver.
- Bureaucratic hurdles and a laidback approach to work in the government circles could result in delays in processing, overload of paperwork and a general lack of confidence in the system. Therefore immense patience is very much necessary for any business transaction in India.
- In India, Companies follow the hierarchical system and decision-making is usually from the top to bottom. It could at times be time consuming.
Please click here to get in touch with us and we will be happy to handhold you through your journey to understand India, its marketplace, work culture and work ethics.
Q6: Why is everyone looking at India?
India has a rapidly developing economy and therefore offers substantial opportunities for your business to expand its activities and profitability.
Overseas trade of India has greatly increased in the last few years. It is a growing economy and with a population of over 1.1 billion people is one of huge potential for your business. Indian consumer’s consumptions are at all-time high. There are opportunities in a wide range of sectors including construction services because of the demand for infrastructure, telecommunications equipment, IT, health equipment, pharmaceuticals, bio-technology, research and call centers. The number of middle-market consumers is also increasing and labor is cheap. Indian businesses are organized in a similar way to those in the UK and English is the main business language used. The Government is keen for more trade liberalization and economic reforms and the economy is predicted to become the third largest one in the world by 2030.
- India can help you improve your global competitiveness and sell more products
- Demand for infrastructure, telecommunications equipment, IT, health equipment, and pharmaceuticals and call centers
- Labor is cheap, middle market growing and English is main business language
Q7: How can I familiarize myself with the Indian marketplace?
The best way to know India is by spending some time on the ground. However, we can help you get familiar with the geography and other basic understanding about India in a very easy manner. Our approach is to prepare you and make you understand the basics of doing business in India and understanding Indians and the culture and their way of doing business in a very simple and practical manner.
Please feel free to get in touch with us and we will be happy to handhold you through your journey to understand India and its marketplace. Please click here to get in our touch.
Q8: Why should I trust you?
We are a highly ethical company with vast experience of working in cross cultures and have strong and very old tie ups with our multiple overseas partners in other businesses which we have. Ours is team of well-established professionals in the Indian market and have decades of experience between us and with each one of us having reputation and standing in Indian markets to protect. We will be happy to provide you with references in case you need them to build the trust. To know more about us and/ or for references request please ask us by clicking here.
Q9: I am planning a visit to India. Can someone help me in my visit?
Please feel free to get in touch with us and we will be happy to discuss your requirements and will be happy to help set up meetings and other administration requirements of your visit. Click here to start talking to us.
Q10: I have my clients visiting India. Can I get support for them in India?
Please feel free to get in touch with us by clicking here and we will be happy to discuss your requirements and to help set up meetings and other administration requirements of their visit.
Q11: What kind of local knowledge can I extract from you?
We have an experience of working in multiple markets and industries within India spanning a few decades between the promoters. You can expect the best of the market intelligence, information and advice on the local markets and industries in India.
Get in touch with us clicking here and we will be happy to help.
Q12: Where in India should I look for a business associate?
Get in touch with us and we will ensure to make your journey a smooth one. Our extensive network and understanding of the Indian marketplace will help make your decisions quicker and based on facts and real market intelligence.
We will also do due-diligence for you to ensure no unproductive contracts are made and businesses don’t have to waste their time by learning from making mistakes in an International marketplace. Get in touch with us now, write to us by clicking here.
Q13: Where do I start?
Get in touch with us and we will ensure to make your journey a smooth one. Our extensive network and understanding of the Indian marketplace will help make your decisions quicker and based on facts and real market intelligence. Click here to write to us.
Q14: How can I expand my network and understand different markets in India?
India is a vast country of diversity with multiple cultures and languages. A small state of India is larger than many of European country. India is not a homogeneous country and hence requires entirely different approach when it comes to designing products or managing day to day business.
Please refer our blog regularly where we curate variety of articles of divers interests to familiarize you better with India. To subscribe our blog to your RSS Feed please click here.
To keep you updated with current affairs which affects people like you and on the developments in the Indian marketplace we also publish a newsletter which you can subscribe by clicking here.
Q15: How can I get intelligence on prospective associates?
Our extensive network and association with a leading Accountancy firm ensures that you get reliable due-diligence done on prospective partners and associates. We will just not stop at that and will ensure to get market intelligence to help support the due-diligence and will ensure that it turns out to be a fruitful partnership or association and for a long term. Please write us your specific question by clicking here and we will get back to you soon.
Q16: Looking for Research Partnerships and Knowledge Transfer Partnerships with Higher Education Institutes and Companies in India.
Our team members are experienced in working for the UK Higher Education sector and have helped setting up a few partnerships. Please feel free to get in touch with us and we will be happy to discuss your requirements and the needs. We provide bespoke solutions to every organization depending on its need. Please click here to send details of your needs.
Q17: Looking to recruit students from India and make strategic partnerships with higher education institutes.
Our team members are experienced in working for the UK Higher Education sector and have helped setting up a few partnerships. Please feel free to get in touch with us and we will be happy to discuss your requirements and the needs. We provide bespoke solutions to every organization depending on its need. Please send us your requirements by clicking here and we will get back to you soon.
Q18: Where do I look for new markets to recruit students in India?
There are a number of new and upcoming markets in India that you can look at. We will be happy to organize your visits and student recruitment fairs for effective and efficient student recruitment from these markets.
Our team members are experienced in working for the UK Higher Education sector and have helped setting up a few partnerships. Please feel free to get in touch with us and we will be happy to discuss your requirements and the needs. We provide bespoke solutions to every organization depending on its need. To write to us click here.
Q19: I am looking for tie-ups/ JV Partners in India.
Excellent. The next step would be to get in touch with us. We have an updated India database of organizations/ businesses who are looking for a foreign partner. Our extensive network and market intelligence will ensure that you are introduced to right kind of partners who will be committed to make the partnership a success.
Please write to us by clicking here and let us write the success story together.