Business

India

According to this article India is improving greatly with its policies to create the perfect climate for doing business. The climate for foreign investment has improved distinctly. Coca-Cola was able to get permission for a 100-percent-owned unit in India in less than eight weeks, and Motorola received clearance in two days to add a new product line,”(Doing Business in India). Although the economic reforms initiated in India after 1991, created an environment favorable for undertaking business,” (Doing Business in India). From the article from Trade Chakra, “the government created a favorable climate for foreign investors to invest in India by relaxing procedures for entry,” (Doing Business in India). A foreign firm could invest in India either by having an exclusively owned subsidiary, by having a joint venture with an Indian company or by having a connection, project and branch office. Cisco Systems, one of the world’s largest producers of network equipment, such as routers, announced it would establish a “Globalization Center East” in Bangalore, India.

Dahlia Khalifa the senior strategy advisor of the World Bank-International Finance Corporation stated that “India as improved greatly with its policies to create the right climate for doing business,” (Bhuyan 2008). So the Doing Business project carries out annual studies in countries around the world and grades them taking into account various limitations for creating the perfect climate to do business. This center will include all the corporate and operational functions of U.S. headquarters, which will be mirrored in India. Under this plan, which includes an investment of over 1.1 billion, one-fifth of Cisco’s senior management will move to Bangalore. Accenture, another leader in outsourcing has nearly 100 expatriate managers in India, up from few than 12 in 2004, and will see overall Indian staffing levels surpass in U.S. head count by mid-2007. India is attractive to multinationals, and especially...