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. . . India: An OverviewOpportunity Sectors Market Entry StrategiesExhibitions India Group. . Index. Slide 2/62. . Map of India . Slide 4/62. . . . . Growing Indian Economy. *: Projected Source: Economic Times
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1. Doing Business in India
Prem Behl
Managing Director
OHIO INDIA OFFICE
12. Sources Used:
Grant Thornton DealTracker Sources Used:
Grant Thornton DealTracker
13. Sources Used:
Business World
Hindu Business Line
Economic Times
Company WebsitesSources Used:
Business World
Hindu Business Line
Economic Times
Company Websites
17. Sources Used:
Business World
Hindu Business Line
Economic Times
Company WebsitesSources Used:
Business World
Hindu Business Line
Economic Times
Company Websites
24. Aerospace and Nuclear Main Items imported from USA:
Helicopters, Aeroplanes, Spacecraft (Incl Satellites) & Spacecraft Launch Vehicles, Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof.
Aircraft Engines - GE Aircraft Engines, Pratt and Whitney
Aircraft – Boeing, Lockheed-Martin
Helicopters - Bell Helicopters
Sikorsky Aircraft Corporation (SAC) plans to set up in India
25. Precious Stones & Metals Main items imported from USA
Gold (Incl Gold Plated with platinum) unwrought or in Semi Manufactured Forms/In Powder Form
Diamonds (not mounted)
Articles of Jewellery & parts
26. Optical & Medical Instruments Major items imports from USA
Instruments & Appliances used in Medical, Surgcial, Elctro-Medical Apparatus & Sight-Testing Instruments
Instruments & Apparatus for Physical/Chemical Analysis
Measuring/Checking Instruments, appliances & machines, N.E.S. Profile Projectors
Measuring Alpha, Beta, Gama, X-Ray
Radiotherapy Apparatus
Orthopedic appliances, artificial parts of the body, implants, etc.
Lab Equipment – Heating / Cooling
27. Engineering Goods & Machinery Major items imports from USA
Electrical parts for Line telephony/telegraphy, including telephone sets, handsets, videophone
Turbo-Jets, Turbo-Propeller & other Gas Turbine
Pumps
Liquid Elevators
Ball or Roller Bearings
Other Moving, grinding, leveling, scraping, excavating, extracting, boring machinery
Cranks; Gears; Ball Screws
Switch Relays
Transformers
46. Export to India Import Regime
India imports most goods on the payment of a specified custom duty. The basic customs tariff rate ranges from 0 to 40% plus additional duty of 2%.
Classification - The Indian classification on tariff items follows the Harmonized Commodity Description and Coding System (Harmonized System or HS).
A small number of goods fall in the prohibited/restricted list of items which are on grounds of national security, health and environmental protection.
Anti - dumping measures are taken by India
Keep abreast of the latest duty changes imposed by Central Board of Customs & Excise within the Ministry of Finance’s Department of Revenue
47. Import Regime Imports generally fall into one of the following three categories:
Freely importable items - Most capital goods fall into this category. Items in this category do not require import licenses and may be freely imported by any individual or entity.
Canalised items - Items under this category can be imported only by specified public-sector agencies.
Prohibited items – Majorly relate to import of Ivory, animals and products related to wild animals.
Import approval is based on compliance with procedures
48. Imports are allowed free of duty for export production under a duty exemption scheme.
Export Promotion Capital Goods (EPCG) Scheme allows manufacturer exporters to import capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at 5% Customs duty subject to fulfillment of specified export obligations.
Agent can assist in providing detailed and customised information on applicable schemes, duties and various formalities
Import Regime
49. Distribution Infrastructure is being improved – Golden Quadrilateral, privatization of road construction, Railway East-West Freight corridor
Inter-state tariffs are applicable
Appoint local wholesaler or distributor for distribution in India
50. Product Certifications, Labeling & Standards Bureau of Indian Standards (BIS) operates Product Certification Scheme
The Certification Scheme is basically voluntary in nature but for a number of items affecting health and safety has been made Mandatory. These are LPG cylinders, food colours, food additives, pressure stoves, safety items used in mines, clinical thermometers, packaged drinking water, etc.
BIS operates two schemes for certification of imported goods, one for foreign manufacturers and the other for Indian importers.
51. Language and Numerics India has 22 recognised languages
English is used commonly for business
Exchange rate: US$1 = Rs. 40
Grams, meters, liters are used for measurements
62. Provide design and display solutions for exhibitions, retail showrooms, events, etc.
Focus on quality and innovation.
63. Group Hospitality wing serving clients.
Arrange hotel reservations, domestic and international ticketing, tours / sightseeing, etc. services.
64. Represent:
State of Ohio, United States of America (USA)
Hong Kong Trade Development Council (HKTDC)
City of Stuttgart, Germany