Uploaded on Jul 26, 2021
In 2014 the Government of India introduced a watershed economic initiative called “Make in India”. This was not only to give a flip to the country’s vast industrial base but also to boost investments by encouraging foreigners towards setting up a business.Industry Experts has a database of consultants who can help you with all the business setup services required.
Business Setup Services and Consultants in India for Foreigners
Business Setup Services and Consultants in India for
Foreigners
In 2014 the Government of India introduced a watershed economic initiative called
“Make in India”. This was not only to give a flip to the country’s vast industrial base
but also to boost investments by encouraging foreigners towards setting up a
business.
Spurred by the government’s initiative of “Make in India”, the country is slowly
becoming a manufacturing and services hub. Independent companies as well as
global supply chains have successfully tapped into this rich resource, by using the
services of consultants found the right source for procuring end products. In 2020
the World Investment Report placed the country at 9th position in the list of the
world’s largest FDI recipients in 2019 as against 12th position in 2018. In the
financial year2020-21 (Indian follows an April-March financial year cycle) the
country attracted US$ 81.72 billion FDI that saw a 10% jump over the previous
years.
This quantum jump is testimony to the fact that starting a business in India for
foreigners was possible and profitable. Being a vast country with different
geographies and having a federal composition, entrepreneur setup is influenced by
both federal and state laws and regulations. Setting up industries is a process that
needs to be followed as there are many entities involved. Professionally
managed consultancies in the country play an important role in
helping foreigners start economic enterprises in the country as have consultants who
have expertise of offering a complete beginning to end solutions.
Depending upon its nature, to set up a business the prospective investor may have to
engage with stakeholders both at the Centre and the States. In starting a business,
foreigners would have to follow certain set processes. Getting the requisite work
done remotely can be problematic.
Industry Experts has a database of consultants who can help you with all the
business setup services required.
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