Industries

Traveling in India – Business Etiquette and Culture

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By Dezan Shira & Associates

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India is a land of cultural diversity. It is one of the oldest civilizations in the world, and is a complicated mixture of old and new traditions from the West and East. The vivacity of its large cities, the variety of people, the mêlée of sounds, the richness of colors and smells, and the unpredictable nature of day-to-day life – all defines India. If you are planning to do business with or in India, it is important to try and understand the astonishing richness of this vibrant culture.

Given India’s complexity, it is important to avoid generic conclusions on how to do business here. Regionalism, industry, and people are all factors to be taken into account when doing business in India. One’s behavior, etiquette, and approach may need to be modified, depending on whom you are working with.

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AI and Automation Processes in India’s Economy

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By Ramya Boddupalli

AI in India

 

India’s internet user base is the fastest growing in the world. Digitization of the country is surging through initiatives like ‘Digital India’ and accelerating access to internet and telephony provided by India’s telecom companies.

As internet connectivity improves, the volume of commercial activity conducted through digital platforms is also increasing. These processes generate vast amounts of information, which businesses can use to improve their performance. Internet-connected technologies such as artificial intelligence (AI), automated software, and machines are used by businesses to analyze and respond to these huge amounts of raw data generated online to make informed decisions that streamline their work processes, enhance productivity, and enable radical innovation.

Yet, before we move further, we need to first understand what these new technologies are and how do they impact industry. Finally, we discuss the impact of AI and related technologies on India’s future economic growth.

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Joint Ventures in India: Learning from McDonald’s Experience

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By Bradley Dunseith

Joint Venture India

A troubled relationship between McDonald’s and one of their Indian partners is spoiling the American corporation’s once impressive position in India’s food and beverage industry.

McDonald’s is set to close nearly 170 outlets in northern and eastern India; 43 outlets have already shut down in Delhi. Since September 2013, McDonald’s has engaged in drawn out legal battles with their partner for north and east India: Connaught Plaza Restaurants Private Limited (CPRL).

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Industrial Licensing: Norms and Policy

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By Vasundhara Rastogi

Industries India Regulation

 

The Industrial Development and Regulation Act (IDRA), 1951 provides a basic framework for the growth and development of industries in India.

The Act mandates every existing or new industrial undertaking to register itself with the federal government.

According to the law, an ‘industrial undertaking’ is a planned industry that is carried on in one or more factories owned by an individual or authority, including government.

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India’s Logistics Industry Modernizing with Tax Reform, Technology, and Infrastructure

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By Vasundhara Rastogi

Logistics Industry India

 

India’s logistics industry is currently experiencing a transformative phase. The expanding manufacturing base under the federal government’s Make in India initiative, the entry of global players in the logistics industry, along with the introduction of the Goods and Services Tax (GST), and emerging avenues such as e-commerce and logistics parks infrastructure are changing the course and dynamics of the industry.

In this article, we examine the state of India’s logistics sector, assess the enduring challenges as well as the role played by key factors in reshaping the industry.

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Growth of Digital Payments Systems in India

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By Dezan Shira & Associates

IB-Preparing for a Cashless Society

 

In line with government reforms, Prime Minister Narendra Modi has pushed Indians to adopt cashless transactions, giving the digital payments sector a significant boost.

The sector is experiencing an unprecedented jump in growth since November last year, when the government demonetized high currency bills (Rs 500 and 1000) – which represented 86 percent of India’s cash in circulation. By February this year, digital wallet companies had shown a growth of 271 percent for a total value of US$2.8 billion (Rs 191 crore).

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Startups in India: New Business Relaxations, Eligibility Criteria Announced

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By Dezan Shira & Associates

Startups in India will now benefit from more relaxations under the Companies Act, 2013 – a move that will reduce compliance requirements and allow for operational flexibility. These are in addition to exemptions announced in June 2015.

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Farmer Unrest in India: Weak Infrastructure and Vulnerable Supply Chains

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By Bradley Dunseith

On June 1, 2017, farmers in the Indian state of Maharashtra began a statewide strike – crippling shipments of milk, vegetables, and fruit to major cities like Mumbai and Pune. The strike spread to the neighboring state of Madhya Pradesh where clashes with the police left five farmers dead.

The strike, which lasted just under two weeks, offers a candid glimpse into India’s vulnerable supply chains, poor rural infrastructure, and the delayed repercussions of the Modi government’s policies.

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