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Doing Business in India

Thursday, 31st October 2013
The Caledonian Hotel, Edinburgh
Doing Business in India

Cherise Mascarenhas
Business Development Manager
SDI India
Doing Business in India

Mr. Oscar Kerketta
Consul General of India
Doing Business in India

Cherise Mascarenhas
&
Maneeta Sahmey
SDI India
DOING BUSINESS IN INDIA

Click to add title
Click to add subtitle
SDI’s Strategic Focus in India

Outward Opportunities:
Providing support to
Scottish companies

Collaborative
Pursuing col...
Scottish Investors In India
Indian Investors in Scotland
Snapshot..
India exports software
to 90 companies. The
Indian IT-BPO
Industry has crossed
US $100 billion

Education Marke...
India- At a glance….
•

Second fastest growing economy

•

Asian Development Bank predicts India's GDP
to grow by 6% for 2...
Political Set up
•

Democratic Republic with a Parliamentary system of
Government

•

The President of India is the Head o...
Life Sciences in India
•

$4 billion industry, projected to reach $8 billion by 2015

•

India is ranked amongst the top12...
Opportunities in the Life Sciences sector
•

Medical Technology and Diagnostics

•

Bioinformatics

•

Drug discovery

•

...
ICT In India
•

£100bn industry

•

Indian exports have grown by about 35% year on year in the last eleven years.
Contribu...
Opportunities in the ICT Sector
•

Telecomms

•

E-commerce

•

Gaming and Animation

•

IT Education

•

Other areas of o...
Education in India
• Indian HE largest in the world in terms of institutions and third largest in
terms of students with 6...
Opportunities - Education
• Institution
to
Institution
linkages
–
articulation,
faculty
development/exchange, research.
• ...
Food & Drink in India
• Retail is one of fastest growing industries in
India.
Changing
consumer
preferences,
organized ret...
Opportunities – Food & Drink
• Whisky

• Premium Grocery:
• Bakery & Confectionary
• Seafood
• Salmon
• Dairy
• Scottish B...
Textiles in India
• India is the world's second largest producer of textiles and garments.
• Abundant availability of raw ...
Opportunities – Textiles
• Fabric – High end fabric for menswear

• Interiors
• Accessories – scarves, stoles, shawls
• Ex...
Setting up in India – Market Entry Options
• Liaison office :
– Represent parent company, promote export/import, communica...
SDI Support
•
•
•
•

Preliminary research
Organise and set up meetings with potential partners during overseas visit
Intro...
Doing Business in India - Essentials
•

•
•
•
•
•

Prepare well for your visit to India :
– Understand the market, do prel...
Doing Business in India

Nachiket Deo
Associate Director - India Tax Desk
EY
Doing Business in India
Edinburgh - 31 October 2013
India - The Macro picture

3rd most attractive FDI

5th largest consuming

destination in the world for
2013-14

country b...
Political, legislative and economic overview
Recent legislative
development

Political scenario
►

Largest democracy of
th...
Foreign Direct Investment (‘FDI’)
FDI in India – a mixed bag…..

Regulatory updates

►

FDI up by 12% to US$ 7.05 bn for
A...
India business presence - Overview of the forms
Foreign Company

Operates as a foreign
company

Liaison
Office [‘LO’]

Pro...
Basic tax provisions

Indian domestic tax laws

For the purposes of corporate income-tax, tax year runs from April 1 to Ma...
India business presence
Permanent Establishment (‘PE’) considerations
Fixed place PE
►
►

Created if Foreign Co has premis...
Recent tax updates
Tax Residency Certificate
considered necessary but not
sufficient for claiming tax treaty
benefits

GAA...
Incentives

Page 35
Regional Tax Incentives
Research & developments – overview
India
Relief available

►

Weighted deduction of 200% of expend...
Regional Tax Incentives
Manufacturing – overview of direct tax incentives
India

Name of incentive

►

Special Economic Zo...
Regional Tax Incentives
India – investment/expenditure linked tax incentives
Agricultural Extension Project
► Weighted ded...
Regional Tax Incentives
India – investment/expenditure linked tax incentives
Specified business
► Weighted deduction for e...
Thank you
This document is not meant to be a
comprehensive guide to any of the Indian tax
issues and is meant only for ref...
Doing Business in India

Isabelle Henderson
International Trade Adviser
Smart Exporter
WHAT IS SMART EXPORTER?

• Smart Exporter is an international trade skills
programme designed to increase exporting skills...
EXPORT ADVISOR SUPPORT

Access to support from an Experienced Export Advisor which
includes:
• An one to one meeting to di...
SMART EXPORTER – WHATS COMING UP

Market Awareness events
•
•
•
•
•

Doing Business in India (31st October 2013, Edinburgh...
Doing Business in India

Networking Break
Sign up for one to one meetings at
the registration desk
Upcoming missions to India
•

Food & Drink Learning Journey – Mumbai and Delhi
25-29 November 2013

•

Horizontal Mission ...
Doing Business in India

Andrew Wilson
Projects Director
BE Group
SDI Cross Sector
Mission to India
10 – 13 February 2014
Andrew Wilson
BE Group
Cross Sector Mission to India – February 2014

 Background
 Funding
 Notes from previous mission
 Programme informatio...
Cross Sector Mission to India – February 2014

Background
• SDI Cross Sector Missions are aimed
primarily at SMEs who are ...
Cross Sector Mission to India – February 2014

• We are targeting between 15 and 25
companies for each of the missions. SD...
Cross Sector Mission to India – February 2014

•
•
•
•
•

Project team is established for each mission
We use SDImissions@...
Cross Sector Mission to India – February 2014
• Countries visited so far:
–
–
–
–
–
–

South Africa
India
USA / Canada
Bra...
Cross Sector Mission to India – February 2014

Funding
• Funding is provided by UKTI’s MVS (Market Visit
Support) service....
Cross Sector Mission to India – February 2014
• Funding is provided retrospectively.
• We collect bank details and send th...
Cross Sector Mission to India – February 2014

Notes from previous mission
Mumbai and Pune
26 – 30 November 2012

10 compa...
Cross Sector Mission to India – February 2014
Company

Delegate

Website

Bollywood Scotland

Nick Scott

www.bollywoodsco...
Cross Sector Mission to India – February 2014
2012 programme

25th November Arrive Mumbai - welcome drinks hosted by SDI &...
Cross Sector Mission to India – February 2014

Programme information
• This mission is part of a wider continuing series:
...
Cross Sector Mission to India – February 2014

Benefits of attending
•
•
•
•
•
•
•

Perfect introduction to market
Connect...
Cross Sector Mission to India – February 2014

Benefits of attending
“The support provided by SDI was outstanding. Enterin...
Doing Business in India

Alastair McGhee
Commercial Development Executive
Coatbridge College
Doing Business in India

Panel Session
Questions and Answers
Doing Business in India

Thank You!
Final slides - Doing business in India 31.10.13
Final slides - Doing business in India 31.10.13
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Final slides - Doing business in India 31.10.13

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Transcript of "Final slides - Doing business in India 31.10.13"

  1. 1. Doing Business in India Thursday, 31st October 2013 The Caledonian Hotel, Edinburgh
  2. 2. Doing Business in India Cherise Mascarenhas Business Development Manager SDI India
  3. 3. Doing Business in India Mr. Oscar Kerketta Consul General of India
  4. 4. Doing Business in India Cherise Mascarenhas & Maneeta Sahmey SDI India
  5. 5. DOING BUSINESS IN INDIA Click to add title Click to add subtitle
  6. 6. SDI’s Strategic Focus in India Outward Opportunities: Providing support to Scottish companies Collaborative Pursuing collaborative opportunities between India and Scotland Inward Opportunities Target key India companies with strategic fit for Scotland
  7. 7. Scottish Investors In India
  8. 8. Indian Investors in Scotland
  9. 9. Snapshot.. India exports software to 90 companies. The Indian IT-BPO Industry has crossed US $100 billion Education Market In India expected to grow to $ 80billion ‘India - the world’s back office’ Mobile phone users: 800 million (fastest gowing market)- 1 billion by March 2014
  10. 10. India- At a glance…. • Second fastest growing economy • Asian Development Bank predicts India's GDP to grow by 6% for 2013-14. • 29 States & 6 Union Territories • 7th largest country in the world • Population of 1.2 billion • 22 Official Languages; 4000+ dialects
  11. 11. Political Set up • Democratic Republic with a Parliamentary system of Government • The President of India is the Head of State, while the Prime Minister is the Head of the Government • The Lok Sabha (lower house) and the Rajya Sabha (upper house) are the two parliament houses. • Judicial Branch: The Supreme Court of India is the apex body of the Indian legal system, followed by other High Courts and subordinate courts.
  12. 12. Life Sciences in India • $4 billion industry, projected to reach $8 billion by 2015 • India is ranked amongst the top12 biotech destinations in the world • M&A activity on the rise; Global companies setting up a base in India • The pharmaceutical industry in India is valued at USD 12 billion and is expected to grow to USD 55 billion by 2020. • India a major destination for generic drug manufacture. • Indian companies are concerned about the lack of new drugs in their pipeline.
  13. 13. Opportunities in the Life Sciences sector • Medical Technology and Diagnostics • Bioinformatics • Drug discovery • Stem Cells and regenerative medicine
  14. 14. ICT In India • £100bn industry • Indian exports have grown by about 35% year on year in the last eleven years. Contributes to 6.1% of the nation’s GDP • Appetite for new products, technologies to create bespoke solutions • Directly employs over 2.5 million people, 70% of which falls in the 26-35 age group • Indian ICT companies continue to grow internationally largely via acquisiitons
  15. 15. Opportunities in the ICT Sector • Telecomms • E-commerce • Gaming and Animation • IT Education • Other areas of opportunities are : Software, electronics, cyber security, e-learning, advance engineering, aerospace, marine and defense
  16. 16. Education in India • Indian HE largest in the world in terms of institutions and third largest in terms of students with 620 Universities, 31,000 plus colleges and 15 million students • As per 2009 estimates, size of the private education sector was about $57bn, growing at 14% • Expenditure on higher education likely to go up from US$ 10.3bn to US$ 30bn by 2017-18 • Concurrent list--both federal and provincial governments have jurisdiction over education sector • Complex higher education system • Vocational education, skill development and support services are sectors of high growth
  17. 17. Opportunities - Education • Institution to Institution linkages – articulation, faculty development/exchange, research. • Skills development – opportunities with state governments • Corporate training – directly with companies, through training companies • Continuous Professional Development Courses
  18. 18. Food & Drink in India • Retail is one of fastest growing industries in India. Changing consumer preferences, organized retail is gradually becoming popular. • Only 5% Indian Retail is in the organized sector, supermarkets & hypermarkets (2011 IGD). India is largely disorganized retailers (family owned kiranas). • Government has initiated steps towards allowing higher levels of Foreign Direct Investment, paving way for foreign retailers to open independent retail stores in India
  19. 19. Opportunities – Food & Drink • Whisky • Premium Grocery: • Bakery & Confectionary • Seafood • Salmon • Dairy • Scottish Brands available in India – – Gardiners of Scotland, Walkers, Deans of Huntly, Edinburgh Shortbread House, Borders Biscuits, Baxter Soups, Mackay Jams, Loch Duart, Highland Smoked Salmon, Lions Group- salmon
  20. 20. Textiles in India • India is the world's second largest producer of textiles and garments. • Abundant availability of raw materials such as cotton, wool, silk and jute and skilled workforce have made India a sourcing hub. • The size of Indian textile and apparel market was US$ 89 billion in 2011 and is expected to touch US$ 221 billion by 2020. Growing at the rate of 13% • India's growing population has been a key driver of textile consumption growth in the country. Changing lifestyle, rising incomes and increasing demand for quality products are set to fuel demand for apparel. • Dominated by Apparel - Menswear (43%), Women’s wear (38%) and then Children’s wear (19%) • Influx of premium brands in India through partnerships & JV’s
  21. 21. Opportunities – Textiles • Fabric – High end fabric for menswear • Interiors • Accessories – scarves, stoles, shawls • Existing brands – Reid & Taylor, Holland & Sherry
  22. 22. Setting up in India – Market Entry Options • Liaison office : – Represent parent company, promote export/import, communication channel to in market partners – Cannot undertake any business activity to earn income • Branch office : – Export/import goods, offer professional services – Represent partner company for buying/selling – Cannot carry out retail trading, manufacturing or processing activities • Subsidiary office: – Wholly owned subsidiary under FDI guidelines. – Collaborations via JV route with an Indian company – Funding – foreign / local allowed – Governed by Indian law including taxation
  23. 23. SDI Support • • • • Preliminary research Organise and set up meetings with potential partners during overseas visit Introductions to consultants for market entry or other set-up requirements Engage with available Networks – GlobalScots, UK Trade & Investment, British Business Group, Trade Associations
  24. 24. Doing Business in India - Essentials • • • • • • Prepare well for your visit to India : – Understand the market, do preliminary research for your product and its suitability for the market Carry business cards, marketing collateral, samples Choosing the right partner Due diligence Business works on relationships – Spend time on building trust Patience & persistence!
  25. 25. Doing Business in India Nachiket Deo Associate Director - India Tax Desk EY
  26. 26. Doing Business in India Edinburgh - 31 October 2013
  27. 27. India - The Macro picture 3rd most attractive FDI 5th largest consuming destination in the world for 2013-14 country by 2025 Youngest country in the 2nd highest number of world by 2020 with median internet users by 2015, age of 29 only behind China US$9 billion worth US$35 billion worth private equity across 534 M&A across 977 deals in 2012 deals in 2012 Page 28
  28. 28. Political, legislative and economic overview Recent legislative development Political scenario ► Largest democracy of the world ► New Companies Act enacted ► Central Elections in 2014 ► ► Possibility of a coalition Government at Centre ? Food security bill signed aims to provide subsidized food grain to 1.2 bn people ► Page 29 Cost of exchequer to be US$ 21 bn p.a. Economic development ► India’s GDP growth was at 4.4% in June quarter, lowest in four years – but likely to only improve ► Concerns over rupee depreciation which had declined appx 25 per cent – RBI measures likely to arrest the decline
  29. 29. Foreign Direct Investment (‘FDI’) FDI in India – a mixed bag….. Regulatory updates ► FDI up by 12% to US$ 7.05 bn for Apr-Jun 2013 ► FDI in various sectors (like retail, aviation, defence, telecommunications etc) liberalized ► Total FDI for FY 2012-13 stood at US$22.42 bn vis-à-vis US$36.5 bn ► Certain regulations pertaining to funding Indian operations liberalized ► Large investments announced by companies such as Unilever, Ikea, etc Page 30
  30. 30. India business presence - Overview of the forms Foreign Company Operates as a foreign company Liaison Office [‘LO’] Project Office [‘PO’] Establishes an Indian company Branch Office [‘BO’] Joint Ventures Wholly Owned Subsidiary [‘WOS’]  Limited Liability Partnership [concept recently introduced] is another option of establishing presence in India.  Each of the options have their own commercial and tax advantages and disadvantages which would need to be evaluated based on facts of the case.  For example if the Indian operation is to limited to preliminary functions of understanding the Indian markets business , etc, the LO option could be considered. However, where the India expansion plans are imminent, one would need to consider the BO or WOS option One would need to determine a suitable form of business presence in India based on the nature of operations in India and the proposed business expansion plans Page 31
  31. 31. Basic tax provisions Indian domestic tax laws For the purposes of corporate income-tax, tax year runs from April 1 to March 31 of the following year. Taxable profit is computed in accordance with common business or accounting principles, subject to specific limitations Different tax rates for domestic and Indian companies. Also, one needs to consider Dividend Distribution Tax (‘DDT’) Provisions of domestic law or relevant tax treaty, whichever is more beneficial to the taxpayer, apply Deduction is allowed only for business-related while capital expenditure [other than those specified] are not deductible revenue expenses, Robust ‘transfer pricing regulations’ governing cross-border transactions between related parties Page 32
  32. 32. India business presence Permanent Establishment (‘PE’) considerations Fixed place PE ► ► Created if Foreign Co has premises in India at its disposal from where it carry on its operations Service PE PE exclusion available to preparatory/auxiliary activities ► Constituted if Foreign Co furnishes services, through employees or other personnel in India [subject to time threshold] ► Some of India’s tax treaties do not contain this clause Installation PE ► ► Constituted if Foreign Co assembles or installs equipment in India or undertakes connected supervisory activities in India [subject to time threshold] If a PE is constituted for Foreign Co in India, income attributable to the PE would be taxable at 42.23% on net income basis ► If the income constitutes Fees for Technical Service / royalty and is not attributable to a PE in India, India withholding tax on gross basis applicable Agency PE ► Arises if Foreign Co has an agent in India who, inter alia, concludes contracts, secures orders or maintains stock in India ► Agent of independent status is excluded from the purview The presence of a PE to be determined based on the relevant facts and tax treaty Page 33
  33. 33. Recent tax updates Tax Residency Certificate considered necessary but not sufficient for claiming tax treaty benefits GAAR - Applicable from 1 April 2015 in cases where the aggregate tax benefit exceed INR30m Investment allowance on new plant and machinery Page 34 Tax @ 20% on buyback of shares Key updates Income derived from transfer of investments made prior to 30 August 2010 not covered by GAAR Domestic law rate up from 10% to 25% on Royalties/FTS
  34. 34. Incentives Page 35
  35. 35. Regional Tax Incentives Research & developments – overview India Relief available ► Weighted deduction of 200% of expenditure incurred (other than cost of land and building) on scientific research on in-house research and development facility as approved by the prescribed authority, would be available to companies engaged in business of bio-technology or any business of manufacture or production of any article or thing Eligible expenditure ► Expenditure on scientific research other than cost of land or building IP ownership requirement ► General requirement to own IP R&D work performed in country ► Yes Page 36
  36. 36. Regional Tax Incentives Manufacturing – overview of direct tax incentives India Name of incentive ► Special Economic Zone Scheme ► Corporate tax benefits ► Tax holiday 100% of profits from export for first 5 years and 50% of profits from export for next 5 years . From year 11 to 15, 50% of profits may are allowed as a deduction subject to satisfaction of certain conditions. However, units will be liable to pay Minimum Alternate Tax on book profits ► 15 year tax holiday ► Duration Page 37
  37. 37. Regional Tax Incentives India – investment/expenditure linked tax incentives Agricultural Extension Project ► Weighted deduction of 150% of expenditure incurred would be available to any taxpayer who incurs any expenditure on Agricultural Extension Project notified by the Board in accordance with the prescribed guidelines. Skill Development Project ► Weighted deduction of 150% of expenditure incurred, other than expenditure on land and building, would be available to company which incurs any expenditure (other than on land & building) on Skill Development Project notified by Board in accordance with prescribed guidelines. Employment of new workmen ► An Indian company engaged in the manufacture or production of article or thing is eligible for deduction, from gross total income, of 30% of additional wages paid to new regular workmen employed in the previous. The deduction is available on satisfaction of the prescribed conditions. Further, the deduction is available for 3 years, including the year in which employment is provided. Developers of SEZ ► Eligibility – Taxpayer being a developer, derives income by an undertaking or enterprise from business of developing SEZ, notified on or after 1 April 2005 under SEZ Act, 2005. ► Quantum of deduction – 100% of the profits derived from such business for 10 consecutive years, at the option of the taxpayer, out of 15 years beginning from the year in which SEZ is notified. Business of processing of bio-degradable waste ► Eligibility - Taxpayer engaged in the business of collecting and processing or treating of bio-degradable waste for: i] Generating Power or ii] Producing bio-fertilizers or bio-pesticides or other biological agents or iii] Producing bio-gas or iv] Making pellets or briquettes for fuel or organic manure. ► Quantum of deduction – 100% of the profits derived from such business for 5 consecutive years beginning from the year in which such business commences. Page 38
  38. 38. Regional Tax Incentives India – investment/expenditure linked tax incentives Specified business ► Weighted deduction for expenditure incurred is available to all taxpayers who incur capital expenditure (other than on land or goodwill or financial instrument) wholly and exclusively for the purposes of specified business carried on during the year in which expenditure is incurred. ► For the specified business of – i] Setting up & Operating a cold chain facility; ii] Setting up & operating a warehousing facility for storage of agricultural produce; iii] Building & Operating a hospital anywhere in India with at least 100 beds; iv] Developing & Building a housing project under a scheme for affordable housing framed by Government and notified by Board; and v] Production of fertilizers in India, deduction is available up to 150% of the expenditure incurred. ► The quantum of deduction would be 100% of the expenditure incurred for the following specified business: i] Laying and Operating a cross country natural gas or crude or petroleum oil pipeline network for distribution; ii] Building and Operating anywhere in India a hotel of two star or above category; iii] Developing & Building a housing project under a scheme for slum redevelopment or rehabilitation framed by Government and notified by Board; iv] Setting up and operating an inland container depot or a container freight station; v] Bee-keeping and production of honey and beeswax; vi] Setting up & Operating a warehousing facility for storage of sugar. ► Deduction is available subject to satisfaction of specified conditions. Page 39
  39. 39. Thank you This document is not meant to be a comprehensive guide to any of the Indian tax issues and is meant only for reference purposes. Any action should be taken only after obtaining professional guidance
  40. 40. Doing Business in India Isabelle Henderson International Trade Adviser Smart Exporter
  41. 41. WHAT IS SMART EXPORTER? • Smart Exporter is an international trade skills programme designed to increase exporting skills and knowledge amongst Scottish businesses • This initiative is delivered by SDI and funded by ESF • Smart Exporter services are available on a free or subsided basis to businesses and individuals across Scotland
  42. 42. EXPORT ADVISOR SUPPORT Access to support from an Experienced Export Advisor which includes: • An one to one meeting to discuss your international plans and how the Smart Exporter programme can help your business • Help with market research about the market potential for your product or service or information about your competitors • Access to free export training through workshops or online • Practical advise on how to be paid from an overseas sale to help with distributor agreements via Smart Exporter’s technical support
  43. 43. SMART EXPORTER – WHATS COMING UP Market Awareness events • • • • • Doing Business in India (31st October 2013, Edinburgh) Access Europe 2013 (6th November 2013, Edinburgh) Doing Business in Japan (28th November 2013, Glasgow) Doing Business in Russia (10th December 2013, Edinburgh) Emerging Europe 2014 (5th February 2014, Glasgow TBC) Exporting workshops - Introductory Programme (New Exporters) – Edinburgh (November 2013) Introductory Programme (New Exporters) – Glasgow (January 2014) - Intermediate Programme (Inexperienced in international trade), Glasgow (Jan to March 2014) Intermediate Programme (Inexperienced in international trade), Stirling (Jan to March 2014) Future International E-commerce events and workshops to be scheduled All Smart Exporter Events: http://www.sdi.co.uk/Events.aspx
  44. 44. Doing Business in India Networking Break Sign up for one to one meetings at the registration desk
  45. 45. Upcoming missions to India • Food & Drink Learning Journey – Mumbai and Delhi 25-29 November 2013 • Horizontal Mission – Bangalore and Hyderabad 10-13 February 2014 • Bangalore India Bio - Bangalore and Hyderabad 10-12 February 2014
  46. 46. Doing Business in India Andrew Wilson Projects Director BE Group
  47. 47. SDI Cross Sector Mission to India 10 – 13 February 2014 Andrew Wilson BE Group
  48. 48. Cross Sector Mission to India – February 2014  Background  Funding  Notes from previous mission  Programme information  Benefits of attending
  49. 49. Cross Sector Mission to India – February 2014 Background • SDI Cross Sector Missions are aimed primarily at SMEs who are either new exporters or wish to develop and grow their business in a particular market. • It can also include large companies or very experienced exporters who may be well established in a market.
  50. 50. Cross Sector Mission to India – February 2014 • We are targeting between 15 and 25 companies for each of the missions. SDI are running 5 such missions per year up until end March 2015. • There is a set subvention grant for specific markets, covering travel and hotel costs.
  51. 51. Cross Sector Mission to India – February 2014 • • • • • Project team is established for each mission We use SDImissions@scotent.co.uk Joint working with SDI Marketing Team Enquiries receive brochure + application form Applications are sent to SDI for approval
  52. 52. Cross Sector Mission to India – February 2014 • Countries visited so far: – – – – – – South Africa India USA / Canada Brazil China UAE / Qatar Nov 2012 Nov 2012 Apr 2013 Jun 2013 Sep 2013 Apr 2013
  53. 53. Cross Sector Mission to India – February 2014 Funding • Funding is provided by UKTI’s MVS (Market Visit Support) service. • The MVS funding level for India is £550 • Eligibility criteria apply – for example a company needs to be new to market or not exceed a certain level of exports. • BUT – good news - SDI top up the UKTI funding even if company not eligible for full subvention
  54. 54. Cross Sector Mission to India – February 2014 • Funding is provided retrospectively. • We collect bank details and send the subvention direct to the company. • No travel receipts or complex documentation is required. • The completed Mission Application Form is all that is needed.
  55. 55. Cross Sector Mission to India – February 2014 Notes from previous mission Mumbai and Pune 26 – 30 November 2012 10 companies attended
  56. 56. Cross Sector Mission to India – February 2014 Company Delegate Website Bollywood Scotland Nick Scott www.bollywoodscotland.com Enocell Gordon MacMillan www.enocell.com Europharma Sunil Kadri www.europharma-uk.com Future Factory Derek Peacock www.futurefactory.co.uk Galloway Group Cameron Robertson www.gallowaygroup.co.uk Glenglassaugh Distillery company Limited Stuart Nickerson www.glenglassaugh.com Natural Fruit and Beverage Co Gerry Dunn www.naturalfruitandbeverage.co.uk Restaurant Diary Mike Conyers www.restaurantdiary.co.uk Scottish Investment Operations Alan Thornburrow www.sio.org.uk Vets Now Richard Dixon www.vets-now.com
  57. 57. Cross Sector Mission to India – February 2014 2012 programme 25th November Arrive Mumbai - welcome drinks hosted by SDI & GlobalScots 26th November Mission briefing by SDI India and PWC Overview of India and State of Maharashtra Business workshop – with GlobalScots One to one business meetings Scottish Business Network Reception 27th November One to one meetings / British Business Group Mumbai 28th November Individual meetings 29th November Travel to Pune Site visit to Tata Services Archive Centre One to one business meetings Scottish Business Network reception and whisky tasting 30th November One to one business meetings / Mission debrief
  58. 58. Cross Sector Mission to India – February 2014 Programme information • This mission is part of a wider continuing series: – – – – – Turkey China West Africa Gulf Europe • Updates will be shown on SDI website
  59. 59. Cross Sector Mission to India – February 2014 Benefits of attending • • • • • • • Perfect introduction to market Connect with SDI and further UKTI support Meet new customers Non-competitive environment Space for your own agenda / business meetings Pre-mission research / support can be provided Follow up support provided
  60. 60. Cross Sector Mission to India – February 2014 Benefits of attending “The support provided by SDI was outstanding. Entering a market such as India is difficult due to communication, logistics and understanding the cultural influences. The SDI team in India delivered real support at all levels throughout the visit thus allowing me to focus on opportunities and meetings, maximising our impact and time management.” Gordon Macmillan, Enocell
  61. 61. Doing Business in India Alastair McGhee Commercial Development Executive Coatbridge College
  62. 62. Doing Business in India Panel Session Questions and Answers
  63. 63. Doing Business in India Thank You!
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