Business Opportunities in India - Softcover

Tan, Tech Meng; Low, Aik Meng

Softcover

ISBN 10: 0132678993 ISBN 13: 9780132678995

Publisher: Prentice Hall, 1996

Synopsis

Gives business people all the up-to-date information they need to take advantage of business opportunities in the Philippines. India's cultural, religious and linguistic diversity are an enigma to potential investors that has camouflaged an emerging middle class market outnumbering the population of the U.S. In this book, the editors unveil India's economic reform initiatives, regionalization strategies for trade and commerce, and the vast investment opportunities in the economic zones of New Delhi, Bangalore and Madras. They cover broad issues of industrial policy, market reforms, labor and human resources development, and the legal environment. They also present highly-specific recommendations for evaluating investment opportunities, and specific options in the dynamic tourism, telecommunications and software sectors. This book is for all business people, investors, professionals and academics interested in an insider's view of doing business in India.

About this title

Excerpt. © Reprinted by permission. All rights reserved.

From Chapter 2:

Trade policy reforms constituted a major platform of the new industrial policy announced in July 1991. The objective was to create a liberal environment for trade, simplify and streamline procedures for import and export, and to facilitate production for export; in short, to open up the Indian economy to the dynamic forces of foreign trade.

The new industrial policy, and the subsequent policy changes, have introduced wide-ranging measures aimed at dislicensing and deregulation. In turn, they have opened up the economy to foreign investments. The new business environment in India allows a greater role for the private sector and encourages direct foreign investments. The private sector can now operate in all areas except those of strategic concerns such as defence, railway, transport and atomic energy. Even the latter areas have been expanded to permit private initiative in mining, oil exploration, refining and marketing, and parts of the railway transport sectors.

Likewise, the requirement of obtaining an industrial license for manufacturing activity is now limited to only 15 industries of strategic, social or environmental importance.

This chapter assess the extent to which the objectives stated above have been achieved. It begins by setting out the various reforms that have been undertaken, including the various stages of the process. Next, it examines where India stands at this point in time. It is important to note that the dynamics of an opening ceremony are such that nothing is static. Hence, the position today may well be changed by tomorrow. The magnitude of these potential changes are highlighted accordingly. Finally, Singapore's role in India is assessed.

About this edition

• Publisher: Prentice Hall
• Publication date: 1996
• ISBN 10: 0132678993
• ISBN 13: 9780132678995
• Binding: Paperback
• Edition number: 1
• Number of pages: 237