Total Area is 3.49 sq.km
Capital: New Delhi
India consists of 28 states and seven Union territories
Bordering Countries: China and Nepal Bhutan to the North; Afghanistan and Pakistan to the North West; Myanmar and Bangladesh to the East; and Sri Lanka to the South.
|Climate||Country climate can broadly be classified as tropical monsoon. The country has four seasons: Summer (March – June), Monsoon (June – September), Post Monsoon (October - November) and Winter (December – February)|
|Natural Resources||Coal fourth largest reserves in the world, manganese, bauxite iron, mica chromite, diamonds, lime stone, titanium iron, petroleum and natural gas|
|Major Rivers||Ganga Yamuna, Brahmaputra, Godawari, Krishna, Cauvery, Narmada|
|Coast Line||The coast line comprises of 7,517 km encircling the main land of Andaman and Nicobar Islands and the Lakshadeep Islands|
|Population||1.200 m. (Urban 30% & Rural 70%)|
|1.6 % per annum|
|Birth Rate||20.97 (Births / 1000 population)|
|Life Expectancy||66.8 years|
Literacy Rate : 74.04% ( Male 82.1 Female 65.5 %)
India has one of the largest school age population in the world, it has well established educational system with more than 1.6 m schools and enrolling more than 130 m students.
For higher education India has more than 500 Universities as well as 25,000 colleges and 7,000 Technical institutions with approximately 13m students.
The labour force of India stood at 478 m in 2010, it is estimated that around 13 m people enter India’s urban work force every year.
India is a secular state and the largest democracy in the world with a parliamentary form of Government. The government of India is officially known as the Union Government of India and was established by the constitution of India in 1950.
Indian has seen a systematic transition from being a closed door economy to an open economy from the beginning of the economic reforms in the country in the year 1991. These reforms have had a far reaching impact and have helped India to unleash its enormous growth potential. Today Indian economy is characterized by a liberalized foreign investment and trade policy, a significant role being played by the private sector.
At present India has grown to become a trillion Dollar economy with a largely self-sufficient agricultural sector, a diversified industrial base and a stable financial and services sector.
Gross Domestic Product (GDP): among the growing economies in the world, India ranks second after China. The country’s GDP was growing at a rate of 8.6 % for the past five years, and it had a projection growth of 8.5 % during the financial year 2011, but was finally constrained to 6.5 % due to the global financial instability.
India’s Competitive Position in the World
Indian economy has strong fundamentals and it hosts several eminent strong global corporate giant leaders in their respective fields. According to the Global Competitive reports, India ranks 51st among the 139 countries.
India ranks higher than many other countries in many parameters like market size (4th) and innovation (39th), and has a strong financial market (17th).
Foreign Direct Investment (FDI): according to the United Nations Conference on Trade and Development System (UNCTADS), in the investment prospects survey 2010-2012, India is the most attractive destination in the world, after China, for foreign direct investments. Indian markets have significant potential and offer prospects of high profitability and a favorable regulatory regime for investors.
Foreign Investment Framework.
Foreign Direct Investment (FDI) regimen has been progressively revised during the course of 1990s and it continues in the 2000s, with most restrictions in the foreign investment removed and the procedures being simplified, and now foreigners can make direct investments with limited exceptions.
Today there are very few industries where investment is prohibited, moreover the investment ceilings which are available in certain cases are being taken out / phased out.
With the objective of promoting foreign direct investments through a simple, transparent, and less regulatory policy framework, the Government of India has implemented the following measures:
Foreign Investment Promotion Board (FIPB)
FIPB is specially empowered and chaired by the secretary of the Ministry of Finance. It has been specifically set up to expedite the approval process of the foreign investment proposal.
The proposal for FDI may be send to FIPB through Department of Economic Affairs or Ministry of Foreign Affairs or through any diplomatic office in any foreign country. The FIPB has the flexibility to examine the proposals free from any predetermined or procedure parameters.
Business Entry plans to India.
Local Indian Subsidiary Companies
Foreign Companies can set up wholly owned subsidiary companies in India in the form of private companies, subject to the prescribed FDI guidelines. Moreover the foreign company can set up a joint venture with an Indian or foreign partner.
Limited Liability Partnership.
Limited Liability Partnership (LLp) has emerged as a new corporate form of business that aims to provide the benefits of limited liability of a company. LLp is a corporate body and a legal entity.
Liability of the partners is limited to the agreed contribution to the LLp.
100% foreign investment is permitted in the LLp with the prior approval of the Foreign Investment Promotion Board , in the sectors where foreign investment is allowed through the Automatic Route.
Capital Contribution of partners can only be made in cash.Conversion of company with FDI into LLp is permitted with the prior consent of the Foreign Investment Promotion Board or the Government of India.