Doing Business in India NABC 2006 Houston By Ankur Gupta 29 th June, 2006

Doing Business in India - Opportunities Opportunities in India today are very lucrative Demand created by fast growing economy and emerging consumer base Many industry sectors are particularly exciting – Energy Telecom, Automotive, Pharmaceuticals, Retail … Many administrative controls have been relaxed to allow foreign investment Healthy foreign exchange reserves Technical, English speaking workforce

Doing Business in India - Risks Infrastructure still needs lot of development Airlines, telecom, IT infrastructure are well developed but water, power, roads etc still need considerable development Taxation is very complex and needs to be well understood Import/export procedures can be cumbersome Certain processes in India are unique and need thorough understanding

Doing Business in India – Processes Working with/for government bodies, Public sector undertakings needs thorough understanding of principles and procedures Completion of procedures and formalities does take much longer than in many other parts of the world – patience and understanding are key Credit ratings and reliability of PSUs is particularly good Concept of L-1 – tendering procedures