Featured

How Does India’s Start-up Ecosystem Affect MNCs?

Posted on by

By: Dezan Shira & Associates
Editor: Melissa Cyrill

India ranks third among global start-up ecosystems, behind the U.S. and U.K. This presents a huge opportunity to both investors and entrepreneurs alike, especially as the government has signaled the need to reduce regulatory hurdles for start-ups. However, some executives at multinational companies (MNCs) have expressed concerns over how the growing start-up culture impacts new market entrants and established businesses. In many ways, India’s start-up ecosystem diversifies the resources available to MNCs.

Continue reading…

The Import and Export Landscape in India

Posted on by

By: Dezan Shira & Associates
Editor: Siddhartha Thyagarajan

India’s import-export landscape has remained stable in recent years despite major changes in the domestic and international economies. In recent years, India’s main import and export commodities have mostly not changed, while its largest trading partners have also remained the same. This stable import-export structure bodes well for businesses that trade with India, as well as those that would like to expand their operations to the country.

Continue reading…

Walmart’s Bribery Scandal Shows Legal, Reputational Risks in India

Posted on by

By: Dezan Shira & Associates
Editor: Siddhartha Thyagarajan

The Wall Street Journal recently reported that Walmart personnel paid bribes amounting to several million U.S. Dollars to support operations in India. The report stated that Walmart personnel made small payments between US $5 and US $200 to low-level government officials. According to the report, the bribes were made to obtain real estate permits and facilitate the movement of goods through customs. The report emerged from a U.S. government-led Foreign Corrupt Practices Act (FCPA) investigation against Walmart in Mexico.

Continue reading…

The Sexual Harassment Act and the Indian Workplace

Posted on by

By: Dezan Shira & Associates
Editor: Melissa Cyrill

The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act is a legal act of the Indian parliament that came into effect on December 9, 2013. The Act was passed after numerous political delays and controversies, and is based on the landmark guidelines established by the Supreme Court in the case of Vishaka versus State of Rajasthan, 1997.

The 2013 Act seeks to specifically protect women from sexual harassment at their workplace, and provides a redressal mechanism to handle complaints. It also provides safeguards against false or malicious charges. The Act contains a number of provisions for employers in India. Employers in India should carefully review the main provisions of the Act, and adopt human resource policies accordingly.

Continue reading…

Importing and Exporting in India – New Issue of India Briefing Magazine Out Now

Posted on by
Importing and Exporting India 250 x 350The new issue of India Briefing magazine, titled “Importing and Exporting in India“, is out now and available as a complimentary download at the Asia Briefing Bookstore through the month of October.

Continue reading…

New Payments Banks to Change Indian Consumer Behavior

Posted on by

By Dezan Shira & Associates
Editor: Kimberely Gabil

Earlier this year, the Reserve Bank of India (RBI) granted preliminary approval for the formation of payments banks. The payments banks represent a new bank category in India. Although many foreign investors remain unaware of the development, the new banks are expected to change Indian consumer behavior in the short-term, before helping many low-income Indians improve their financial standing in the long-term. These changes serve as a powerful incentive for companies that make and sell products in India.

Continue reading…

India’s Economic Initiatives: A Magnet for Investments

Posted on by

By Dezan Shira & Associates
Editor: Melissa Cyrill

The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government has introduced a multitude of economic programs since 2014. Make in India remains the flagship initiative; all other development programs seek to complement it.

Each new program addresses specific electoral campaign promises, and is followed by a promotional-blitz wherein catchy slogans highlight fundamental aims. The latest one, announced just last week, is Start Up India.

Make in India, Digital India, Smart Cities, Skill India, Housing for All and Start Up India are the government’s top priority economic projects. They collectively envision India as a high-functioning economy focused on industry, innovation and entrepreneurship; the promotion of investor confidence; job creation; the development of infrastructure; and achieving total digital connectivity.

Continue reading…

Make in India: A Year in Review

Posted on by

By Dezan Shira & Associates
Editor: Melissa Cyrill

Make in India is one year old this week. Designed to kick-start India’s lagging manufacturing sector, the national program has affirmed the business-friendly nature of the Bharatiya Janta Party (BJP)-led National Democratic Alliance (NDA) government. This was a key campaign promise by the BJP in the 2014 general elections – regain foreign investor confidence after years of high-profile corruption scandals and some adversarial economic policies.

Yet, even as Make in India has made the country a more competitive investment destination, it will take several years before the program’s effectiveness can be fully gauged.

Continue reading…

Scroll to top