Opportunities for Business &
Investment:
India offers excellent opportunities for
profitable investment in various sectors of economy. The scope of
investment is immense whatever may be your area of interest. Core sectors like
power generation, road building, port development, mining, oil exploration are
particularly important for Indian economy are in need of massive
investment. Other priority areas are: technology transfer, R&D,
pharmaceuticals, computer hardware, telecommunications etc. Consumer
goods, food processing, fast food chains, trading, insurance, banking all
are open for investment, subject to regulations.
Liberal
Industrial Policy:
All industrial undertakings are exempt from obtaining an industrial
licence to manufacture, except for (i) industries reserved for the Public
Sector; (ii) industries retained under compulsory licensing; (iii) items of
manufacture reserved for the small scale sector; and (iv) if the proposal attracts
locational restrictions.
Attractive Investment Policy:
Foreign direct investment is freely allowed in
all sectors including the services sector, except where the existing and notified sectoral
policy does not permit FDI beyond a ceiling. FDI for virtually all items/activities can be
brought in through the automatic route under powers delegated to the Reserve Bank of India
(RBI), and for the remaining items/activities through Government Approval. Government
approvals are accorded on the recommendation of the Foreign Investment Promotion Board
(FIPB), chaired by the Secretary, Department of Industrial Policy and Promotion (Ministry
of Commerce and Industry) with the Union Finance Secretary, Commerce Secretary, and other
key Secretaries of the Government as its members.
Availability
of Trained Manpower:
With
a population of more than one billion, India has a large reservoir of trained and
highly disciplined work force. English language being widely in use, there
is no dearth of English-speaking manpower eager to learn new skills
Locational
Facilities:
India
is a large country with diverse climate and terrain and long
coastline. It, therefore, offers suitable locational facilities for
setting up any type of industry or commercial activity. Every state
in India has many industrial estates complete with all essential
facilities for setting up various industries.
Huge
Market:
With size of
India's population, it is easy to understand how large the Indian market
is. There has been a steady economic growth of around 6% during the
last some years and this is creating large market of middle class consumers
eager to taste the luxury of all kinds of industrial goods and other
services. There is also a sizable population of rich and very rich
consumers always ready to pay anything for novel and fancy products and
services. This huge internal market is a big cushion during any
period of export slump.
Democratic and
Stable Political System:
India
is the largest democracy in the world. In spite of its wide
diversity in terms of language, religion, caste system, political ideology,
India continues to march on the path of democracy. With multitude of
political parties and national regional level, some there are conflicts and
agitations, but these are always resolved in a democratic way.
Developed Legal System:
India
has a sound and highly developed legal system supported by the constitution of
India. There is a large network of lower courts, district courts and
high courts with the Supreme Court of India at its apex. Judiciary
in India is completely independent of the Executive. It functions in a
totally impartial and fearless manner. The High Courts and the Supreme
have quite often struck down the laws passed by any state/central government on
constitutional grounds. They also give directions to the governments in
executive matters on issues like human rights, environment protection
etc. The courts in India are so active that this phenomenon has come
to be known
as 'judicial activism'. This kind of judicial system is a solid guarantee
for any foreign investor to get fair treatment in the event of a commercial
dispute.
