Establishing Business in India

India has become an increasingly attractive destination for doing business. Foreign direct investment has been on the rise with a growing number of international businesses looking at establishing operations here. However, the risks associated with venturing into a new territory with a complex accounting, tax, and regulatory environment are many. A multitude of languages and vast cultural differences within the country itself add to the difficulties and costs of doing business in India.

Whether you are looking to expand your existing operations in the country or planning to set up in India, we provide a one-stop solution and handhold our clients through the intricacies of the process. Besides our competence in accounting and tax, our strength lies in the ability to be your business and commercial adviser and managing your entire entry plan for India as a comprehensive project. We work with you right from the conceptualization phase to being your implementation partner in business set-up in India

Brief About Indian Economy

India has emerged as the fastest-growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). According to the Economic Survey 2015-16, the Indian economy will continue to grow more than 7 percent in 2016-17. India was ranked the highest globally in terms of consumer confidence during October- December quarter of 2015, continuing its earlier trend of being ranked the highest during first three quarters of 2015, as per the global consumer confidence index created by Nielsen.

Factors Influencing Business in India

  • World's largest democracy with 1.2 billion people
  • Stable political environment and responsive administrative setup.
  • Well established judiciary to enforce rule of law.
  • Land of abundant natural resources and diverse climatic condition
  • Investor friendly policies & incentive based scheme
  • Cost competitiveness; low labor costs. Total labor force of nearly 530 million.
  • Large pool of skilled manpower; strong knowledge base with significant English speaking population
  • Young country with a median age of 30 years by 2025
  • Huge untapped market potential

Foreign Direct Investment in India

Trends in India's Foreign Direct Investment (FDI) are an endorsement of its status as a preferred investment destination amongst global investors. India's competitive strengths span telecommunications, information technologies, auto components, chemicals, apparels, pharmaceuticals, and jewellery.

India's steady economic liberalization and its embrace of the global economy have been key factors in attracting FDI.

Role of Business Navigators

We can assist you with all that needs to be done while entering India right from market research, validating your business plan, selecting the correct form of entity, structuring your investment, providing regulatory and tax advisory, scouting for a location, hiring the right people to getting you in touch with the right vendors, monitoring them as well as identifying potential joint venture or acquisition opportunities for your inorganic growth. Once your business is set up, we can even take care of your book-keeping, payroll, management reporting, company secretarial and compliance requirements. With years of experience in India, we can add value to your expansion plan by looking after these functions while you focus on your business.

Based on your company size, your needs may differ – we customise our services to your requirements. We can help you at any stage of your entry plan. As your partner, we will be responsible for your tasks just as a trustee. We will share our local knowledge with you and design a package of services that is relevant specifically to your business. Our experience and practical and commercial understanding of India equip us to help you successfully establish operations in India. Through our services, we provide your business with tremendous support and care. We are here to think of you and act for you.

Market Research and Strategy

We help create an efficient market entry strategy for India, helping you reduce costs by preventing mistakes from the very start of your expansion plan.

We undertake specific B2B (business-to-business) market research assignments for our clients across industry sectors. Our cross-functional teams study the business and regulatory scenario to give you a clear understanding of the market size, business models, competitive landscape and regulatory requirements. Thereafter, we provide a customised entry strategy depending on market opportunities and your organizational needs. We leverage our extensive knowledge of India to offer solutions on supply chain, pricing structures, purchase processes/buying behaviour and go-to-market strategies for our clients.

Our market research examines factors that would affect your plan, including

  • Market structure and size
  • Growth rate (historical and projected)
  • Available product/service offerings
  • Key customers and customer segmentation
  • Market trends – drivers and challenges
  • Regulatory and tax aspects
  • Competition mapping

Set-up

We provide end-to-end support to companies establishing a set-up in India. Our offerings include but are not limited to

  • Location Planning: Identify and evaluate potential locations across India for setting up the proposed unit – manufacturing facility, office space, etc. by conducting a thorough evaluation based on multiple parameters.
  • Land/Facility Scouting: We help you identify suitable options in a given city or locality for office space, empty land, warehouse or factory shed based on your specific requirements.
  • Project Management Support: Project management support includes vendor identification, liaising with various stakeholders, project monitoring and reporting in order to ensure the project is completed successfully and on time.

Process Consulting

Our team identifies key processes where your company can increase efficiencies – lower cost and decrease the time taken – within the process. Inefficiencies could be caused by internal or external changes such as changes in regulatory policies or technological developments.

We identify and understand critical aspects of each process from a business and consumer point of view. Critical associated business processes are also considered. We then prioritize key processes on the basis of their nature and potential to improve, followed by an analysis of the process, which identifies gaps between the ‘as is’ process and the ‘real process’. The process is then redesigned and improvements are implemented accordingly. Finally, we monitor the performance of the new processes to ensure their smooth functioning in line with organizational requirements.

Business Plan Services

A business plan can provide a reliable planning framework for your business from an overall strategic perspective to detailed operational matters. It can help you explain and illustrate your vision for your business, and help persuade others – investors, employees, etc. – to help you achieve that vision.

We first seek to understand the dynamics of your business and then, with an aim to add real value and aid decision-making, we offer solutions by validating or developing your business plan.

We will actively interact with you to understand your business model and goals to create a basic business plan framework. We would consider internal factors such as cost and revenue drivers, product/service-wise profitability, working capital requirements, staffing requirements, capacity constraints, capital expenditure requirements, etc. Alongside, we would also identify competitive, economic, social, technological, regulatory, environmental and political factors that could impact the success of your business. Following our detailed research and analysis of these internal and external factors, the basic framework will be developed into a comprehensive business plan.

Apart from day-to-day operations, businesses have to deal with many business situations that bring their own sets of challenges and require different execution skills. These could include set-ups, restructuring, business expansion, ERP implementation, process optimisation and other organizational changes.

Our strategic tasks include creating a roadmap, execution plan, budget, and timeline while execution-related tasks include reviewing, monitoring, tracking, reporting, identifying and communicating risks and issues, and interacting with consultants. If the need arises, we are prepared to fill any gaps in terms of consulting or execution at any point in time during the project.

Entity Formation

Selecting the right form of entity is crucial for any investor as this has serious implications on the rights, growth potential, tax implications and legal/financial liabilities. We can assist you in evaluating and establishing the type of entity that would best suit your need ranging from a Wholly Owned Subsidiary, Liaison Office (LO), Branch Office (BO), Project Office (PO), Local Indian Subsidiary Company or Limited Liability Partnership (LLP).

We offer the following services through our expert teams

  • Setting up a company/ LLP in India & Setting up of Operations.
  • Infusion of funds & Issue of Capital & Incentives and Project Financing.
  • RBI Compliances & Initial registrations & post incorporation compliance
  • Inbound – Outbound consultancy
  • Outsourcing Consultancy – On-Site & Off-Site
  • Accounting & Business Support
  • Assurance
  • Tax& Regulatory

Our relationship with our clients does not stop here – we continue to assist companies with their ongoing compliance requirements, thus allowing them to focus on their core business.