About: India Briefing
By Dezan Shira & Associates
India is fast emerging as a global trade dynamo with its vast natural resources and huge supply of skilled labor. Undertaking considerable industrial deregulation and other structural reforms, regulators in India recognize that strong exports are critical for overall economic growth and poverty reduction. As such, export-led growth has become a key driver of trade in India – one of the most important trailblazers in the recent enormous expansion of international trade.
Indian trade has grown exponentially over the past few years, with exports rising at a rate well above the pace of growth of worldwide exports. In this atmosphere, opportunities have never been greater, and starting a trading business in India has never been easier.
By Bradley Dunseith
Trade standards create and enforce specific criteria in products and services – quite literally setting the standard. These standards are applicable to both domestic and imported goods; understanding these standards makes exporting goods to India easier.
India and Russia have both pledged to set up a Joint Development Fund, with an initial US$1 billion being set aside for the purpose.
The fund is being supported by the Russian Direct Investment Fund (RDIF), who will work with India’s National Investment and Infrastructure Fund (NIIF). They will each invest US$500 million, replicating partnerships the Russian entity has with countries such as China.
India-US defense logistics pact stuck under red tape
The Logistics Exchange Memorandum of Agreement (LEMOA) is currently stuck in regulatory quagmire with bureaucratic bottlenecks on both sides, particularly within the Indian defense ministry.
By Vasundhara Rastogi
Registering trademarks in India just got simpler: the government introduced its new Trade Mark Rules, 2017 on March 6. The new rules replace the Trademark Rules of 2002, and aim to establish a much more streamlines process, with emphasis on digital communication.
A sign of the desire to get into the new Indian dynamic has manifested itself this past few days with the massive over-subscription of several Indian initial public offerings (IPOs) coming to market.
The DMart IPO closed at USD260 million and was oversubscribed by a multiple of 104. The Radio City IPO was oversubscribed by a factor of three, and another four IPOs are due in India this month, excluding today’s listings of Laxmi Cotspin, Manas Properties, Maximus International and Octaware Technologies.
This shows the gradual realization that the Indian consumer market is the place to be.
By Bradley Dunseith
India is becoming an increasingly big player in the international medical tourism industry, otherwise known as Medical Value Travel (MVT). By 2020, India’s MVT industry will more than double its current US $3 billion in revenue to US $8 billion, with a compound annual growth rate of 15.6 percent.
Indeed, foreign nationals in need of complicated treatment, surgeries, and operations are increasingly choosing India because of the country’s affordable, high quality medical care. In 2015 alone, 500,000 foreign nationals visited India for medical care.
India’s rapidly growing MVT market offers huge potential for new investments in private medicine as well as value-added travel, which focuses on a patient-oriented business model.