In this issue:
- A State-Based Approach to Market Entry
- India’s Top Investment Destinations
- Ports, SEZs, and Incentives for Manufacturers
India’s business environment has undergone a dramatic transformation in the past few years. This year, the country jumped into 100th place on the World Bank’s Ease of Doing Business ranking, up about 30 places. The improvement is attributed to various economic reforms put in place by the national government such as the goods and services tax – strengthening the indirect tax system – and insolvency and bankruptcy code (IBC).
While the overall business sentiment is strengthening in India, it is essential for investors to pay close attention to state-level reforms that vary significantly, and affect the success or failure of investment projects. Before investing in India, businesses must understand and recognize the diversity across Indian states, their market potential in terms of resources, business climate, logistics, as well as conduct true assessment of the on-the-ground situation.
In this issue of India Briefing magazine, we discuss the relevance of a state-based approach to market entry in India. Subsequently, we provide an economic overview of the top five states for investment in India, namely – Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu. We also specify the advantages and opportunities available for investment in each state. Finally, we highlight the industrial incentives available in each state, port connectivity and industry-specific special economic zones established across each state.
Dezan Shira & Associates has a growing team of pre-market entry specialists throughout India with years of experience assisting foreign enterprises select optimal locations for investment in the country. For questions on how to assess investment requirements, compare locations for establishment, and leverage the power of special economic zones in India, please contact our office in India.