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India
- 1. INDIA A12149 Maiko Yoshida
- 9. Hinduism Islam Sikhism Christianity Buddhism Jainism Zoroastrianism Judaism
- 10. GDP: $1,876,797,199,133 GDP per capita: $1,165 GDP growth: 5.0%
- 12. Major industries in India Textile industry jute, wool, silk, cotton Chemical industry plastic, pesticides, beauty products Cement industry has 115 cement plants and 300 small cement plants Steel industry 400 years old Software industry massive expansion in the last 10 years Petroleum industry one of the most flourishing oil markets in the world
- 13. Environment (current issues) Deforestation Soil erosion Overgrazing Desertification Air pollution Water pollution Tap water is not potable throughout the country Huge and growing population is overstraining natural resources
- 14. Language There is no national language Official language: Hindi Commonly used: English Over 400 languages Over 2,000 dialects
- 15. Clothing Sari Dhoti Kurta
- 16. Facts in India It’s illegal to take Indian currency out of India Breathing the air in Mumbai, for just one day is equivalent to smoking 100 cigarettes A man married a dog in India as atonement India has more mobile phones than toilets India has the largest slave population in the modern world with over 14 million slaves
- 17. The number and the concept of zero was invented by Indians India has the largest population of English speakers in the world In the next two to three years, 25% of people entering the workforce will be Indian
- 18. Number of Japanese companies in India 1,072 Japanese companies in India (2013) Number is doubled in 5 years Parts manufacturer, health line, service industry
- 19. Ease of Doing Business in India Rank 140th in 2014 Starting a business: 156th Dealing with construction permits: 183th Enforcing contracts: 186th Paying taxes: 154th
- 20. Starting a business in India 13 procedures in India (7.9 in South Asia, 4.8 in OECD) 30 days in India (16 days in South Asia, 9.2 days in OECD )
- 21. Starting a business in India 1. Obtain director identification number (DIN) online 1 day 2. Obtain a digital signature certificate 1 day 3. Reserve the company name with the Registrar of Companies (ROC) online 2 days 4. Pay stamp duties online, file all incorporation forms and documents online and obtain the certificate of incorporation 5 days 5. Request and obtain Certificate to Commence Operation 5 days 6. Make a seal 1 day 7. Obtain a Permanent Account Number (PAN) form an authorized franchise or agent appointed by National Securities Depository Services Limited (NSDL) or Unit Trust of India (UTI) 7 days 8. Register with Employees’ Provident Fund Organization 12 days 9. Register for VAT online 10 days 10. Register for medical insurance (ESIC) 9 days 11. Obtain a tax account number for income taxes deducted at source from the Assessing Office in the Mumbai Income Tax Department 7 days 12. Register with Office of Inspector, Mumbai Shops and Establishment Act 2 days 13. Register for profession tax 2 days
- 22. Government incentives No special incentives for foreign affiliated firms except...... Infrastructure sectors Investing for research and development investing for generating electricity Renewable energy Mineral oil sectors Hospitals
- 23. Infrastructure sectors Deduction of 100% of profits from business for 10 years Mineral oil Deduction of 100% of profits from the Business of Refining Mineral Oil for 10 years Hospital Deduction of 100% of profits from business of operating and maintaining Hospital for 5 years
- 24. Special Economic Zone (SEZ) referring to economic zone In these zones, business and trades laws differ from the rest of the country Offering tax and other incentives to their resident businesses The objectives of SEZs: 1. Generation of additional economic activity 2. Promotion of exports of goods and services 3. Promotion of investment from domestic and foreign sources 4. Creation of employment opportunities 5. Development of infrastructure facilities
- 25. Examples of the advantages setting up a manufacturing platform within a SEZ Duty free domestic procurement of goods for the development and maintenance of your company 100% income tax exemption on export income for first five years, 50% for five years following Exemption from Minimum Alternate Tax, Central Sales Tax, Service Tax, State Sales Tax, and a number of other taxes usually levied by local governments External commercial borrowing allowed up to US $500 million a year without restriction Permission to manufacture products directly, as long as the goods you are producing fall within a sector which allows 100% FDI
- 26. Documents required for exports in India Principal Documents Commercial Invoice Packing List Bill of Landing Certificate of Inspection Certificate of Origin Bill of Exchange Shipment Advice Insurance Certificate Auxiliary Documents Proforma Invoice Intimation for Inspection Shipping Instructions Insurance Declaration Application for certificate of origin Mate’s receipt Letter to bank for collection
- 27. Japan to India Toilet High quality of toilet Hotel Fixed price: ¥360,000
- 28. From Kobe port to Chennai port 360,000 x 0.6 = 216,000 (cost) 216,000 x 0.03 = 6,480 (freight) 216,000 x 0.05 = 1,080 (insurance) 216,000 + 6,480 + 1,080 = 223,560 per unit Chennai port to Hilton hotel 223,560 x 0.288 = 64,385.28 (Basic custom duty + additional duty + additional duty of customs) 223,560 + 64,385 = 287,945 287,945 x 0.01 = 2,879 (transport cost) 287,945 + 2,879 = 290,824 290,824 x 1000 = 290,824,000 ¥290,824,000 (Cost that Indian company imports toilet and send it to Hilton hotel)
- 29. India to Japan Tea set (Darjeeling, Nilgili, Assam) Premium Selling at department store or a year end present Improving India’s image
- 30. From Chennai port to Kobe port 2,000 x 0.6 = 1,200 (cost) 1,200 x 0.03 = 36 (freight) 1,200 x 0.005 = 6 (insurance) 1,200 + 36 + 6 = 1,242 per unit Kobe port to SOGO in Sannomiya 1,242 x 0.1 = 124.2 (tax) 1,242 + 124 = 1,366 1,366 x 0.01 = 13.66 (transport cost) 1,366 + 13 = 1,379 1,379 x 1,000 = 1,379,000 ¥1,379,000 (Cost that Japanese company imports and bring it to Sogo)
- 31. Thank you!