By Rajesh Kumar
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Additional info for Doing Business in India
Although each business opportunity is unique, tailoring that opportunity for creating a win–win solution for all, requires a sophisticated understanding of environmental realities. We begin this chapter by providing a broad overview of the differences that exist in the institutional environment between India and the North American and European the rise of india / 29 environments and the implications that they may have for the practice of business in these countries. A more detailed analysis of the political and the cultural environments follows in the subsequent chapters of this book.
In December 1940, Walchand went on to establish on a site in Bangalore gifted by the Maharaja of Mysore, the “Hindustan Aircraft Company” in collaboration with the “Intercontinental Aircraft Company” of the United States to assemble the Harlow trainer, the Curtiss Hawk fighter, and the Vultee attack bomber aircraft. He also set up in 1941, “Hindustan Shipyard” in Vishakapatnam, the first Indian-owned modern shipyard. Both these companies were, after independence, taken over by the Government of India and today are at the very heart of India’s Defence production.
NASSCOM, the industry association, predicts a turnover of over US$20 billion for the current fiscal year with US$16 billion to be exported. In addition to the success of the Indian software firms in the global market, foreign firms are also taking advantage of the local talent that is available here. Intel has reportedly invested about US$25 million in software development in Bangalore, India. This investment appears to be paying off handsomely. -based company Intel filed 63 patents. Intel is not alone in reaping the benefits of operating in India.