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.
|