INDIA SHINING: Huge Opportunities
Today's India is a land of huge
opportunities for global investors. The reforms process that the nation
embraced a decade ago is now paying off.
India's economy is sizzling and is one of the fastest growing in the world.
It has also seen a surge in foreign investment lately.
Key
Reasons :
why India is a great place to invest -
Click
Here
why India is a great place
to invest, how the nation has liberalized norms for foreign investors,
and what is on offer for foreign investors.
Why
Invest in India
There are several good reasons for investing in India.
* One of the largest economies in the world.
* Strategic location - access to the vast domestic and South Asian market.
* A large and rapidly growing consumer market up to 300 million people,
constitute the market for branded consumer goods - estimated to be growing
at 8% per annum. Demand for several consumer products is growing at over 12%
per annum.
* Foreign investment is welcome, approval is required but is automatic in
sixty categories of Industries.
* Skilled man-power and professional managers are available at competitive
cost.
* One of the largest manufacturing sectors in the world, spanning almost all
areas of manufacturing activities.
* One of the largest pools of scientists, engineers, technicians and
managers in the world.
* Rich base of mineral and agricultural resources.
* Long history of market economy infrastructure
* Sophisticated financial sector.
* Vibrant capital market with over 9,000 listed companies and market
capitalisation of US$ 154 billion (March,1996)
* Well developed R&D infrastructure and technical and marketing services.
* Policy environment that provides freedom of entry, investment, location,
choice of technology, production, import and export.
* Well balanced package of fiscal incentives.
* A sophisticated legal and accounting system.
* English is widely spoken and understood.
* Rupee is convertible on Current Account at market determined rate.
* Free and full repatriation of capital, technical fee, royalty and
dividends.
* Foreign brand names are freely used. No income tax on profits derived from
export of goods.
* Complete exemption from Customs Duty on industrial inputs and Corporate
Tax Holiday for five years for 100 per cent Export Oriented units and units
in Export Processing Zones.
* Corporate Tax applicable to the foreign companies of a country with which
agreement for avoidance of Double Taxation exists, can be one which is lower
between the rates prevailing in any one of the two countries and the treaty
rate.
* A long history of stable parliamentary democracy.
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