Information about the Indian marketplace
India has an excellent manufacturing base supported by a skilled workforce and technically well qualified, competent management. It also has the world’s largest number of graduate engineers, plentiful labour, low cost base, and is a world leader in computer programming personnel.
There are opportunities in this sector where non Indian companies can be successful.
The following are general principles of doing business in India, offered on the UK Trade & Investment website (www.uktradeinvest.gov.uk):
- Be proactive in pursuing business opportunities
- Take a strategic long term view
- Carry out basic research on doing business in India
- Seek specialist advice from the relevant trade associations and authorities
- Appoint a carefully selected, reputable agent in India
- Ensure all necessary Indian government and other approvals have been obtained
- Be prepared to transfer the latest technology, design, quality, manufacturing and operating techniques and principles
- Install quality systems from the start
- Investigate in detail the availability of raw materials
Interesting India aviation statistics
- Domestic air traffic passengers grew by 42% during 2006/07, and grew 29.6% during 2005/06
- Scheduled domestic aircraft departures per day increased from 865 in 2005/06 to 1153 in 2006/07
- A total of 7.56 million passengers were carried by all the scheduled Indian international carriers during 2006/07
- During 2006/07 scheduled international traffic passengers grew by 15.5%, and grew by 22.9% in 2005/06
- A total of 23.37 passengers were carried by scheduled international carriers in 2006/07
- Scheduled international cargo grew by 10.3% during 2006/07
Statistics taken from various industry websites
Useful links:
India Infrastructure Committee
Public Private Partnerships (Government of India)