India is widely known for its volumetric imports. The ‘Make in India’ program launched by the current Indian Government is aimed to roll out a red carpet for the local and international businesses inviting them to take the benefits of never before supporting environment in all the respects. The noticeable presence of world renowned top strategy consulting firms in India supports the investment plans of Indian and international entrepreneurs’ community. The efforts of Indian Government are hailed by World Bank also.

The Liberalized Legal & Regulatory Regime Offers Promising Future:

The capital goods, pharmaceutical, renewable energy, auto and defense are the top five champion business sectors among the ten identified by Indian Govt., which are all set to take a big leap. Survey reports confirm that the numbers of reasons support these business sectors to become global champions by driving the double- digit growth rate. The other business sectors identified for having the promising future include biotechnology, electronic items, leather, food processing, textiles, jewelry, railways, construction and shipping etc. FDI policy and procedures have been liberalized progressively to welcome the investors; and, new steps to support the FDI proposals are expected soon. Seeing the inflow of willing foreign investors, top management consulting firms in India have revamped their service models with extended boundaries. The red carpet is set; you just need to step on it.

India – The Ultimate Investment Destination in the World:

Manufacturing has emerged as the high growth sector in India. The Gross Value Added (GVA) at current basic prices in Indian manufacturing sector grew at a CAGR of 4.00 % during FY12 and FY19 according to annual national income report published by the Government of India. In FY19, GVA from manufacturing grew at a 12.4 % to be Rs 288.56 trillion (US$ 395.89 billion). The ‘Make in India’ initiative is aimed to increase the share of manufacturing sector for the gross domestic product (GDP) up to 25 % by 2022 which is 16 % at present. According to business analysts, business

conditions in the India for investment will remain positive in future. Indian Government has taken many initiatives to promote the growth of manufacturing sector. Some notable developments and initiatives are:

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• In October 2018, National Policy on Electronics (NPE) was introduced with ambition to create US$ 400 billion electronics manufacturing industry by 2025. The government has already finalized the policy.
• In September 2018, basic custom duty exemption was introduced for 35 machine parts with intention to increase mobile handset production within the country.
• The new industrial development policy will make the Indian industry globally competitive.
• Income tax rate was reduced up to 25 % for the businesses having turnover up to Rs 250 crore (US$ 38.75 million).
• The export incentives available to labor intensive MSME sectors were increased by 2 % (Mid-Term Review of Foreign Trade Policy; 2015-20).
• Initiatives are being taken to ease down foreign direct investment (FDI) norms in defense sector.
• “Strategic Partnership” model enables the private companies to tie up with foreign investors.
• The Government has approved 100% FDI in single brand product retailing without prior Government’s approval.

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Business Consultants Make the Investment in India Hassle Free:

Respecting the changed scenario at business landscape in India, the top strategy consulting firms too have advanced their services incorporating advanced technology and methodology. The consulting services for any type of investment in India can be divided into four categories:

1. Consulting – India entry strategy; expansion and growth advisory; performance improvement services
2. Implementation – Mergers & acquisitions; partnerships; Greenfield manufacturing set-up; partner search; company incorporation; regulatory compliances; sourcing and vendor development; retail roll-out, technology outsourcing
3. Incubation and business development – Office premises; IT support; administration, accounting; strategic management, crisis management; manpower resourcing; insurance
4. Executive search – Finding right leaders & managers

Concluding Note:

The top management consulting firms in India are well aware of possible challenges also despite the supportive environment for business startups. These agencies have categorized their services to address the peculiar issues in diverse domains like business set up, clearance- liasoning, management, strategy planning, strategy deployment, problem solving, business transformation etc. The wider scope of services being provided by the top entry strategy consulting and implementation firms will make investment in India safe and simple.

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