Make in India
makeinindia.com
makeinindia.com
Industries need un-innterupted power. There are massive power shortages already.
Mass production requires good road & rail connectivity - the state of roadways in India is pathetic
Freedom to hire (and fire) people - 1950s era socialist labor laws are abundant in India
Pervasive cancerous corruption at every conceivable level
While a laudable concept & initiative by the Modi govt. - first he needs to fix a few things in the country
To quote: http://pib.nic.in/newsite/PrintRelease.aspx?relid=109953
"The Government is committed to chart out a new path wherein business entities are extended red carpet welcome in a spirit of active cooperation. Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances. The Government is closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors."
" The government is committed to improving the physical infrastructure. Development of dedicated freight corridors and investment in improving our ports and airports are underway. These corridors would house Industrial agglomerations along with smart cities. The private sector would be playing a significant role in these developmental works."
<edit> We do about US$800m/yr revenue there.
While cities and residential areas get a lot power cuts, the electric companies aim to provide industries with continuous power. Plus they are setting this up as a new industrial area so i suppose it is conceivable that they will have dedicated power production for this strip.
Again, this being built right on the highway, are high way conditions in india bad too?
- Act as reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances
- simplify and reduce the burden of compliance on investors
- Transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth.
- Aims to attract foreign companies to set up factories in India and invest in the country's infrastructure.
- The new government has liberalised defense manufacturing and insurance sectors to attract FDI, but analysts say the government needs to do much more to attract foreign capital.
- Sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.
Source : http://profit.ndtv.com/news/cheat-sheet/article-pm-modis-mak...
I can guess but not entirely sure who this is from.
1) In India, you cannot create recurring subscriptions as the RBI prohibits charging the credit card automatically. Not one Indian payment processor (I've talked to a many) gives you the option to create recurring subscriptions. Can you imagine where half the internet companies will be if you could not create recurring subscriptions?
2) Add to that, Paypal to Paypal transfer within India is prohibited by RBI. Why? Because certain people used to evade tax by purchasing goods directly with their Paypal balance. So, instead of catching the tax evaders the govt. of India found it easier to ban the whole thing.
I've been looking for a way to be handloomed textiles for some time and this website helps find all the government agencies, but then each of their sites are hopelessly broken.
I've encountered bad links, broken pages, email bounce backs and a woeful lack of information. However if they upgrade those sites to the quality level of this one, then business in India really will be easier.
Question: What is the average time to incorporate? (also other variants, "...incorporate [a limited liability company | public limited company | private limited company])
Response: Large wall of text. After reading it, question is not answered.
The purpose of a FAQ is to quickly answer frequently answered questions. This search function works as a search function. It does not work as a FAQ.
Does look nice, though. I hope this doesn't come across as usual HN negativity. I would actually be interested in the answer.
EDIT: But I agree that the website fails to clearly state its objectives and provide information to people on how to navigate the ubiquitous red tape.
30 years on, victims are still fighting for justice and adequate compensation:- http://www.change.org/p/ananthkumar-bjp-revise-figures-of-de...
Step right in, investors. Find a get-out-of-jail-free card in your goodie bags!