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.
