India is quite a large country with certain uniqueness about its diversity. The diversity manifests in everyday life due to the multiplicity of languages, cultures, religions, cuisines, climates and various other socio-economic conditions. India’s diversity coupled with its system of governance and administration poses certain unique challenges. The reformation began in earnest through a deliberate process of liberalization and simplification in the early ‘90s. However, a significant amount of work remains to be done in the areas of –
- Land Acquisition
- Labour Laws
- Taxation
- Speed of Dispute Resolution
- Infrastructural Development
- Procedural ease of doing Business
The above areas represent the challenges which have to be navigated through to benefit from a growing and profitable market. Considering the inherent potential of the Indian market, you as an investor need to adopt a medium to long term approach to succeed in your endeavours. IBA is well equipped to support you by becoming your outpost in India.