Foreign Business in India
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This paper's memorandum outlines the results of an Internet search on the current business climate in the nation of India and explains why conditions are ripe for some type of expansion in India by C&C Industries. The paper offers some pertinent conclusions and recommendations for any future business expansion into an area of the world which some see as eclipsing the U.S. as the number one global economic giant sometime in the early 21st century.
Analysis of Findings
Analysis of Findings
From the Paper:"To begin with, the nation of India has changed greatly since its days under the control of the British Empire in the early 20th century. At the "India in Business" website, the Indian government wishes for everyone to know that India has experienced a huge shift in its competitive stand in the world and despite the current economic downturn, is now experiencing a stable annual growth rate.
"Some of the industries that have contributed to this growth include construction, service industries, financing, manufacturing, agriculture, real estate and a burgeoning high-tech manufacturing base. Also, the Indian government has gone to great lengths to open the door to foreign investment which it feels is directly linked to higher disposable incomes, an emerging middle-class, a low-cost competitive workforce and many
progressive reforms, all of which "contribute towards India being an appropriate choice" for foreign investors like C&C Industries.
"Some of the most important reasons why C&C Industries should consider establishing a new business entity in India are as follows. First, since C&C Industries is so heavily involved in the development and marketing of computer software, India would be an ideal location for expansion. At the "India in Business" website, there is an entire section devoted to India's fast-growing electronics and information technology industry, and the Indian government definitely wants to have foreign companies like C&C Industries come to India because the electronics and information technology sector "is not only attracting significant attention as a enormous market but also as a potential production base for international companies.""
Sample of Sources Used:
- Budget View: India Business News." (June 2009). Reuters India. Internet.Accessed June 29, 2009 from http://in.reuters.com/article/businessNews/idINIndia-40618120090626.
- "Doing Business: Measuring Business Regulations in India." (2009). World BankGroup. Internet. Accessed June 29, 2009 from http://www.doingbusiness.org/ExploreEconomies/?economyid=89.
- "Doing Business in India." (2009). U.S. Commercial Service. U.S. Department of Commerce. Internet. Accessed June 28, 2009 from http://www.buyusa.gov/india/en/motm.html.
- "India in Business." (2009). Ministry of External Affairs--Government of India.Internet. Accessed June 29, 2009 from http://www.indiainbusiness.nic.in.
- "Start-ups in India: A Suitable Business." (Dec. 2008). Economist.com. Internet. Accessed June 28, 2009 from http://www.economist.com/displaystory.cfm?story_id=12814618.
Cite this Term Paper:
Foreign Business in India (2011, November 30) Retrieved July 03, 2022, from https://www.academon.com/term-paper/foreign-business-in-india-149236/
"Foreign Business in India" 30 November 2011. Web. 03 July. 2022. <https://www.academon.com/term-paper/foreign-business-in-india-149236/>