Your partner for successful business operations in India!
The ascent of the Indian economy has stunned the world. Despite initial scepticism, India has managed to not only maintain growth, but to accelerate it. With growth in emerging sectors such as retail, infrastructure, healthcare services, auto and energy over the last six years, Indian industry has seen a new avatar. The Indian IT industry -which gave a new meaning to cost savings- has been a focal point of the success story. Increasingly, India’s growth opportunities are capturing the attention of CEOs worldwide. Growth in India is being fuelled by increasing spending power of Indians, both at home and abroad. The mega-cities of India are exploding, fuelled by a rising middle class.
Industries
Although India is experiencing a growth in almost every aspect of it’s economy some specific industries, like infrastructure, pharmaceuticals and information technology provide foreign investors specific opportunities.
In the last decade the Indian telecom market has evolved from a public sector monopoly to a thriving free-market competition. Next to a stronger telecommunications infrastructure India has witnessed rapid growth in the number and quality of office locations, hotels and other supporting business infrastructure such as airline travel. This growth is now increasingly visible in smaller cities across the country in addition to the traditional major BPO hubs, thereby expanding destination options.
Nevertheless, other elements of Indian infrastructure such as utilities and hard infrastructure are still lagging. Recognising the importance of a strong infrastructure for continued growth of industry the Government has made it a key focus in its planning efforts.
Tax and regulatory environment
Policy makers in India have recognised the importance of foreign participation in the development of its BPO industry, not only to attract capital investments but also as a means of knowledge transfer and innovation. Consequently BPO firms enjoy an attractive regulatory and policy environment together with a variety of fiscal benefits. Examples include the the Software Technology Parks of India (STPI) scheme and the Special Economic Zones (SEZ) policy, offering 100% tax holidays for eligible companies. The Indian government has received wide appreciation for its policy with other BPO offshoring destinations now trying to replicate the success.
How can we help you?
The India Business Service Center (IBSC) focuses on advising clients about the opportunities and challenges of doing business in India. The IBSC is a multi-disciplinary group, combining all areas of expertise available within our firm, while providing one single point of contact.
Our advice to clients typically covers the following:
- India strategy development;
- Offshoring and outsourcing (e.g. business processes, IT);
- Deals (Mergers & Acquisitions, Joint Ventures, Greenfields);
- Tax and regulatory (Dutch, Indian & International tax).
In addition, the IBSC team advises Indian multinational companies entering or expanding their business presence in the Netherlands/Europe. The IBSC supports you in your journey to India. No other firm is able to draw on such a rich pool of connected, expert resources. The combination of objective assessment by a central team, with local knowledge, first-hand experience and contacts can save you time and money.
In the brochure of Doing business in India you can find more general information about our services.
In the whitepaper of India you can find more specific information about growth and cost saving opportunities and challenges.
