Starting a Business in India

The overriding reason for anyone thinking of ' Starting a Business in India' can be summarized in one word - 'opportunity'. Over the last decade and half the country is going through meteoric rise in each and every sector. IT, Telecommunication, Pharmaceutical & Biotechnology, Retail, Finance, R&D, Infrastructure and Out-sourcing business, each and every sector, providing either products or services, is generating substantial and ever growing profits.
To make great ideas work successfully while ' Starting a Business in India' deep introspection into the following points should be considered -
• Project Selection
• Technology and Machinery
• Unit Development
• Registration
• Approvals
• Clearances
• Quality Certification
Further, for Starting a Business in India 'Project Selection' needs further selection of Product , Process, Place and Partner. 'Technology and Machinery' can be imported in such cases agreements for technology transfer should be made with due care. A lot of technology is being developed at CSIR, Defense Research Labs and host of other government and private labs. Some of these technologies can even be be bought. Alternatively, indigenously developed technology can also be used. Consideration should also be given to skills of the workers ; requirements of water, power and other basic requirements; IP related rights; pollution or environmental regulations. 'Unit Development' with infrastructural supports and utility connections are fast and satisfactory. 'Registration', 'Approvals' and 'Clearances' are less bureaucratic, legally binding yet flexible much to the satisfaction of the entrant. These are necessary to avail some benefits, incentives or support given either by the Central or State Governments and also to be within the purview of law. 'Quality Certification' is extremely important in competitive markets and also while ' Starting a new Business in India' . Certification of ISO, SCMMI or Six Sigma will help reach global customers with much ease.
'New Business Opportunities in India' are enormous and ever growing. Today India produces most numbers of Technical and Business graduates. An English speaking young generation with high work ethics and professionalism provides perfect work force. With an investor friendly Government at the center, strong legal and administrative system and bullish financial market India is the place to be in for next generation Knowledge based economy