India has seen a tremendous increase in Foreign Direct Investment in the past decade, with more foreign companies starting to invest in India. With a boom in the number of startup businesses in the country, India has become one of the most preferred investment hubs in the world.
LetsComply assists foreign investors in preparing their India Entry Strategy and has laid down top 5 reasons why foreign companies should invest in India:
One Of The Most Successful Economies
India has been ranked as the third most preferred destination for business. The country falls behind only China and the United States, and due to the developing and investor-friendly FDI policy in India, it has become easier for foreign companies to enter the Indian market. India also provides low-cost labour due to the increasing unemployment rates and companies have a pool of skilled human resources to choose from in the country.
Language Is No Longer A Barrier
English is the second most spoken language in India, with the majority of workforce fluent in writing, understanding the speaking the global language. This has removed the barriers to communication that existed in the past. Foreign companies can set up a foot in India with ease of communication.
Easy Registration And Licensing Of Business
With relaxed FDI policy and easy registration formalities, foreign businesses can enter the Indian market fairly easily. The channels of India Entry are smooth and businesses do not need to take care of multiple licensing and local permits to set up a business in India as a foreign company or as an Indian company.
Fewer Exceptions To Investment And Business Sectors
Foreign companies can directly invest in India in a wide variety of business sectors, with only a few exceptions to investment amount and business sectors. The list of exceptions is laid down by the Government of India along with certain guidelines regarding direct FDI.
Foreign Technology Collaboration
A foreign company is allowed to enter into commercial agreements with Indian companies to lay down terms and conditions regarding the royalty fees for technology, management operations, use of Trademark and other Intellectual Property, etc. Businesses can set up their franchises and invest in India by providing their technology and collaborate with companies in India having their own technology.
Technological Rise In The Country
India has seen a technological disruption, with more services and industries going digital. Services like food delivery, online shopping, legal, financial and taxation services are easily available online at one click. The monetary transactions are largely cashless and digital now, and the startup ecosystem has given birth to new business industries that combine technology and manual know-how.
LetsComply has made it easier for foreign companies across the globe to enter the Indian market and invest in India by providing them with a complete India Entry Strategy– from market research to local licensing and permits, to connections with local vendors. We act as your Virtual CFO and assist you at every stage of your entry in India. You can call us at +91-9717070500 or send an email at firstname.lastname@example.org to know about our India Entry Support Services.