Though India is a large lucrative market, it is still proves to be a very complicated market for the unfamiliar. The World Bank and the International Finance Corporation's annual 'Doing Business' report for 2011 ranked India a lowly 134th for ease of doing business. The ranking is based on nine parameters - starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
On top of that, being such a richly diverse and complex country – regionalism, language, religion etc. are all factors that govern business etiquette and approach and hence need to be taken into account.As per the report,
India is one of the most difficult places to start a business, as it has the most procedures and the maximum cost to set up a business.
That is why companies prefer to partner with an established company like Technicom, rather than trying to enter the market themselves. Technicom has more than 25 years of experience representing international capital goods manufacturers in India.
Some key reasons companies partner with us –
- Company law matters
- Legal
- Taxation
- Customs regulations etc.
Please contact us to understand the complete range of services we provide our partners