Connecting Businesses with Opportunities in India

India Business Opportunities

Submitted by Navin Pathak on Sat, 03/26/2011 - 7:37pm.

(Updated on March 4, 2018)

India is going through exciting times. Developing into an open-market economy, India is certainly on high growth trajectory, which averaged nearly 7% per year from 1997 to 2016. The Projected GDP growth of 7.2% in 2017-2018 will make India the fastest growing economy in the world. Further, India's economy, which crossed the trillion dollar mark in 2007 and expected to become a $5 Trillion economy by 2025, is currently in 3rd position (PPP) after US and China.

The prospects of India’s long term economic growth, which is very positive, can easily be assessed from the following factors:

  1. The numbers are on your side:  564 million below the age of 20, 600 million growing middle-class, saving rates have tripled in last 12 years, etc.
  2. Growth Mindset of Indians:  Adaptability, competitive, entrepreneurial, believes in learning, earning and spending.

Now you require ‘opportunities’ and ‘political will’ for things to happen.

India is certainly a ‘Land of Opportunities’. Why? Because 1) there are tremendous challenges in India (mainly in areas such as transport and agricultural infrastructure, medical, power generation & distribution, education, healthcare) and solving these challenges means business & economic growth, 2) Availability of skilled manpower, 3) Geographical proximity to markets in South East Asia & Middle East, 4) English is well understood and spoken in India.

And, finally, the ‘political will’ that is necessary to create success is boldly shown by the current Indian Government (GoI). Under the leadership of Prime Minister Mr. Narendra Modi, GoI is implementing initiatives that not only will facilitate investments into India but will also make India a better and easier place to do business in. Some of the initiatives that the current government has started are Make in India, Start-up India, Digital India, Skill India and Smart Cities.

So far only Multi-National Companies (MNCs) with their vast resources, know-how and the right connections have been the major beneficiaries of this phenomenal growth in India. Small and Medium Enterprises (SMEs) and Entrepreneurs are just becoming aware of the growth story of India.

A simple analysis, taking into account the increasing population (See side box), growing consumption and the shrinking agricultural land, shows that there is a very lucrative market for US companies with products or technologies in the following areas:

  • Food & Beverages: food processing, food packaging, food warehouse and transport, health drinks, etc. 
  • Home based: home decor products, kitchenware essentials, bed and bath, etc. 
  • Healthcare: diagnostics and testing, medical equipment, health supplements, clean air and water products, etc.
  • Education: medical/nursing, 'train the teacher' programs, automotive mechanics, medical technicians, advanced courses in the upcoming fields of genetics and nanotechnologies.
  • Consultancy Services: engineering, business development, product development, security analysis, etc. 
  • Infrastructure: waste management, solar and wind technologies, temperature controlled warehouses, air and noise pollution control technologies, towing trucks, and automated parking lot equipment.

Similar business prospects abound in other sectors such as home land security, media & entertainment, hotel/motel, financial investment services, etc.

One of the business formats that is rapidly gaining acceptance is "Franchising". While legal infrastructure and ecosystem are in place in India, one must do a thorough research, and due diligence of the potential Franchisee and create binding agreements covering all important aspects of the Franchising before making any investments. One must also understand business norms of India and seek professional help in navigating the paper trail, IP protection, and Tax implications etc. before undertaking partnership agreements with the Franchisee. Top sectors with franchising opportunities are Education and Healthcare due to a huge mismatch between supply and demand now and in the coming years. Another popular model is Public Private Partnership (PPP) with the Government of India through a 'tender' process. 

For Urban Development, for example, Government of India has initiated a program called ‘Smart Cities Mission’ in 2015. As of Jun 2017, 90 cities have been selected for upgrade as part of this mission. US $15 billion has been approved by the Indian Government for the development of the selected cities. Details about this mission are available here https://en.wikipedia.org/wiki/Smart_Cities_Mission.  

All of the above present a historic opportunity for the SMEs and Entrepreneurs in the US to expand beyond borders to India. US companies with the right know-how are most preferred by Indian companies mainly for the reason that Indians have a very favorable view of the US according to a Global Attitudes Survey. Indian Government officials make regular visits to the US to meet with the industry experts and to promote business and trade opportunities.

I am so confident that with the efforts that not only Indian Government, Indian business conglomerates and entrepreneurs are putting towards India's growth but also the investments that foreign MNCs like Apple, Microsoft, Samsung, etc. are making in India will entice more international businesses mainly SMEs to do business with/in India. 

Comments

business inquires
I am interested in tie up with Indian Small and Medium scale for computer related projects or any business I have 1000 sq ft commercial space at Shillong Meghalaya I can be reached at hitechcomsys@gmail.com.
     
Food Item Export Business
Hi Friends, For your kind information, we have the following food product materials ready to export. Rice -All types, Groundnuts, Red Onion, Corn flour, Urad bean, Pearl millet, Vegetable -All types, Ragi, Turmeric, Coconut Kindly let me know as per your requirements, we will ready to fulfil your all kind of requirement. Looking forwarded your valuable relationship @ ksexport07@gmail.com
     
Dealers required
We manufacture biomass pellet burners and stove , looking for dealers in unrepresented areas
     
Want to start a new business
I want to start up a new business. Can you help me out.
     
Business opportunity
Require business associate for Building materials Surat to Mumbai for more details mail kalpeshsparikh@gmail.com or what's app 9408656170
     
Business Opportunity
I have 25 years solid experience in IT industry and currently located in USA. I am interested in tie up with Indian Small and Medium scale for computer related projects. I can be reached at shyamaldg@yahoo.com. REgards, Shyam
     
regarding business opportunity in it sectors.
I am Rajeev ranjan having 15 yrs experiences in corporate business. today so many segments of it industries in which government policies can create big seen of businesses as like in education sector ,agriculture sector infra and others .if interested then we can discuss about possiblities in IT sector in india thanks rajeev ranjan 7004594063
     
Outsourcing of IT related jobs and services.
Dear Mr. Shyam, Came to know that you are searching a reliable source for outsourcing of IT related jobs. We can provide these services in a very dedicated way: 1. Web Development 2. E-Commerce site development 3.Software development 4.Mobile App Development 5.Social Media management Please let us know your phone number so that we can be able to get in touch with you for further interaction. Best wishes with the anticipation of our long-lasting relationship. We remained, Your benevolent, Tanul Sharma (For Grow Techno Web Solutions)
     
PHARMA CONSULTANT
TO CONSTRUCT AND GET LICENSE FOR MEDICINE /COSMETIC/ FOOD PRODUCTS PROCESSING,MANUFACTURING/PACKAGED DRINKING WATER/HOMEOPATHIC/AYURVEDIC FACTORY PLEASE CONTACT US-S CHANDRA,MOB-8052277888,9651986379,EMAIL-neotechconsultantindia@gmail.com
     
Food import &distribution business for sale having 70 lac profit
Running Business having 2.5 cr sale 70 lac profit per annum all india distribution for more me deals@businessdeals.in
     

Pages

Post new comment