Doing Business in India  Prem Behl Managing Director OHIO INDIA OFFICE

Doing Business in India Prem Behl Managing Director OHIO INDIA OFFICE PowerPoint PPT Presentation


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. . . India: An OverviewOpportunity Sectors Market Entry StrategiesExhibitions India Group. . Index. Slide 2/62. . Map of India . Slide 4/62. . . . . Growing Indian Economy. *: Projected Source: Economic Times

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Doing Business in India Prem Behl Managing Director OHIO INDIA OFFICE

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1. Doing Business in India Prem Behl Managing Director OHIO INDIA OFFICE

12. Sources Used: Grant Thornton DealTracker Sources Used: Grant Thornton DealTracker

13. Sources Used: Business World Hindu Business Line Economic Times Company WebsitesSources Used: Business World Hindu Business Line Economic Times Company Websites

17. Sources Used: Business World Hindu Business Line Economic Times Company WebsitesSources Used: Business World Hindu Business Line Economic Times Company Websites

24. Aerospace and Nuclear Main Items imported from USA: Helicopters, Aeroplanes, Spacecraft (Incl Satellites) & Spacecraft Launch Vehicles, Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof. Aircraft Engines - GE Aircraft Engines, Pratt and Whitney Aircraft – Boeing, Lockheed-Martin Helicopters - Bell Helicopters Sikorsky Aircraft Corporation (SAC) plans to set up in India

25. Precious Stones & Metals Main items imported from USA Gold (Incl Gold Plated with platinum) unwrought or in Semi Manufactured Forms/In Powder Form Diamonds (not mounted) Articles of Jewellery & parts

26. Optical & Medical Instruments Major items imports from USA Instruments & Appliances used in Medical, Surgcial, Elctro-Medical Apparatus & Sight-Testing Instruments Instruments & Apparatus for Physical/Chemical Analysis Measuring/Checking Instruments, appliances & machines, N.E.S. Profile Projectors Measuring Alpha, Beta, Gama, X-Ray Radiotherapy Apparatus Orthopedic appliances, artificial parts of the body, implants, etc. Lab Equipment – Heating / Cooling

27. Engineering Goods & Machinery Major items imports from USA Electrical parts for Line telephony/telegraphy, including telephone sets, handsets, videophone Turbo-Jets, Turbo-Propeller & other Gas Turbine Pumps Liquid Elevators Ball or Roller Bearings Other Moving, grinding, leveling, scraping, excavating, extracting, boring machinery Cranks; Gears; Ball Screws Switch Relays Transformers

46. Export to India Import Regime India imports most goods on the payment of a specified custom duty. The basic customs tariff rate ranges from 0 to 40% plus additional duty of 2%. Classification - The Indian classification on tariff items follows the Harmonized Commodity Description and Coding System (Harmonized System or HS). A small number of goods fall in the prohibited/restricted list of items which are on grounds of national security, health and environmental protection. Anti - dumping measures are taken by India Keep abreast of the latest duty changes imposed by Central Board of Customs & Excise within the Ministry of Finance’s Department of Revenue

47. Import Regime Imports generally fall into one of the following three categories: Freely importable items - Most capital goods fall into this category. Items in this category do not require import licenses and may be freely imported by any individual or entity. Canalised items - Items under this category can be imported only by specified public-sector agencies. Prohibited items – Majorly relate to import of Ivory, animals and products related to wild animals. Import approval is based on compliance with procedures

48. Imports are allowed free of duty for export production under a duty exemption scheme. Export Promotion Capital Goods (EPCG) Scheme allows manufacturer exporters to import capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at 5% Customs duty subject to fulfillment of specified export obligations. Agent can assist in providing detailed and customised information on applicable schemes, duties and various formalities Import Regime

49. Distribution Infrastructure is being improved – Golden Quadrilateral, privatization of road construction, Railway East-West Freight corridor Inter-state tariffs are applicable Appoint local wholesaler or distributor for distribution in India

50. Product Certifications, Labeling & Standards Bureau of Indian Standards (BIS) operates Product Certification Scheme The Certification Scheme is basically voluntary in nature but for a number of items affecting health and safety has been made Mandatory. These are LPG cylinders, food colours, food additives, pressure stoves, safety items used in mines, clinical thermometers, packaged drinking water, etc. BIS operates two schemes for certification of imported goods, one for foreign manufacturers and the other for Indian importers.

51. Language and Numerics India has 22 recognised languages English is used commonly for business Exchange rate: US$1 = Rs. 40 Grams, meters, liters are used for measurements

62. Provide design and display solutions for exhibitions, retail showrooms, events, etc. Focus on quality and innovation.

63. Group Hospitality wing serving clients. Arrange hotel reservations, domestic and international ticketing, tours / sightseeing, etc. services.

64. Represent: State of Ohio, United States of America (USA) Hong Kong Trade Development Council (HKTDC) City of Stuttgart, Germany

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