1 / 17

BUSINESS OPPORTUNITY

BUSINESS OPPORTUNITY. By: Entry India, LLC www.entryindia.com. Russia. USA. China. Australia. Agenda. India and its people Opportunity identification and making money Real world examples Factors for success Showcasing of real-world projects in Entrepreneur booklet Note:

sanaa
Download Presentation

BUSINESS OPPORTUNITY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BUSINESS OPPORTUNITY By: Entry India, LLC www.entryindia.com Russia USA China Australia Entry India, LLC

  2. Agenda • India and its people • Opportunity identification and making money • Real world examples • Factors for success • Showcasing of real-world projects in Entrepreneur booklet Note: • Topics not covered: US side of the business (Exporting, Financing, Customs, etc.) Entry India, LLC

  3. Target Audience • Small & Medium Enterprises (SMEs) and Start-ups with products and services to sell in India • Entrepreneurs to create or innovate unique solutions for the Indian market • Non-Resident Indians (NRIs) who want to establish a revenue-generating business for their families in India Entry India, LLC

  4. What comes to the mind when we hear the word ‘INDIA’? • Outsourcing • Population • I don’t know where India is on the world map • Mahatma Gandhi • Corruption • Bollywood • Slumdog Millionaire • Young population with so many ‘wants’ • Everything seems to sell in India • Risk taking entrepreneurial spirit • Are people really making money there and how I can? • Where do I start…??? Entry India, LLC

  5. India Statistics • 7th largest country in the world • Population: 1.156 billion (July 2010 est.) • World’s 4th largest economy; GDP: $1.236 trillion or $3.57 trillion (PPP) • Capital is New Delhi and Financial Center is Mumbai • Largest English speaking nation in the world • Over 200 languages are spoken • Density: 389 persons per square km as compared to 31 persons per square km in USA Entry India, LLC

  6. ‘India Rising’ Indicators GDP Growth: • 6.8% in 2009 and expected 8.5% in 2010-11 US-India Trade: • Export to India (2008): $32.44 billion, a 85% up from 2007 • Import from India (2008): $39.89 billion, a 65% up from 2007 Population divide: • 52% less than 25 years of age • Middle Class: 300 million • One-third households got a raise of over 20% in last 12 months • Only 2% of Indians have life or health insurance Urbanization: • Currently 29% of population is living in cities and this will increase to 590 million by 2030 Per Capita Income • grew by 10.5% to $985 (2009-10) from $892 (2008 – 09) Working Population: • 180 million new job seekers will enter working age by 2020 • Cities will account for 70% of the new jobs created College Graduated Workforce: Currently 14 million • 500 universities and 25,000 colleges • Requirement: Additional 800 universities and 35,000-40,000 colleges by 2020 Stock Market: • BSE index 3000 in 2003; 21,000 in 2008; 8000 in 2009; 18000 current • Less than 1% actively participate in stock market Advertising: 134 million households have TV; Private satellite channels: 500 from 1 (2000); News & current affairs 211 Mobile Phones: current 652.42 million subscribers, 17million added in July (monthly growth of 2.66%) Entry India, LLC

  7. About IndiansPeople do Business with People • Compete: work hard and win • Make more money, buy branded clothes, big cars, big houses • News: must know what is happening (necessarily complete or accurate) • Go to school, get a degree and a high paying job • Save and own a home • Negotiate a price and get discounts • Secretive about what they know • Relationship building • Senior to be called Sir or use Mr. as prefix to their last name • Talking, Food, Cricket, Politics • Family and sacrificing for their kids • Family run businesses • Show-off (regional) • Believe in astrology • Sensitive to religion: won’t do business or accept a check during certain time of the year • Advertisement Tag line: ‘Brand that Americans Love’ Entry India, LLC

  8. What Indians think About America/Americans..? • World leader • Wants to control • Clean, pollution free • Innovators and leaders • Abundance • Superior Education • Excellent law-enforcement • Angelina Jolie • Too much process oriented • Dying consumerism • Cheap real estate • America on Sale • Who is buying in America? Entry India, LLC

  9. Budding Areas of Opportunities The following is a small sample-set of areas with opportunities to make money • Food & Beverages • roof-top farming, food processing technologies, food packaging technologies, water treatment plants for drinking water… • Home based • Home décor products, kitchenware, bed and bath, etc. • Healthcare • setup hospitals, medical clinics, drug development industry • Medical devices/equipments, scanning and testing labs, etc. • Development of disease specific herbal products following FDA guidelines • Education • degree colleges (medical/nursing), vocational institutes • Programs to train teachers, automotive mechanics, medical technicians, etc. • Courses in upcoming fields of genetics, nanotechnologies, etc. • Infrastructure • waste management, solar and wind technologies, temperature controlled warehouses, air and noise pollution control technologies • Towing trucks, automated parking lot technologies Entry India, LLC

  10. Identifying an Opportunity:An Example • What is the Scene • 180 million entering working age in 10 years • Huge Demand/Supply mismatch in education, skills • What can be done • Setup colleges, training centers • Create programs, design new courses in upcoming fields • Scalability or business expansion model • Franchising Entry India, LLC

  11. Some Examples with next steps • You have a product or service that you want to sell in India. For example face cream, hand sanitizer, education service, consulting service, automated parking lot technology, etc. • Do your research, Make a business case, Find a Distributor, Become a Franchisor etc • You want to buy cost effective products from India to sell in US. For example handicrafts, handlooms, rugs, jewelry, herbal medicines, etc. • Do your research, Find a Supplier or a Sourcing Agent • You want to save on your costs in US by using India’s workforce in India. For example software development, research, legal and financial opinions, etc. • Hire an outsourcing consultant, find and select an outsourcing company • You want to start a project in India like setting up a manufacturing plant, power plant, develop a product for Indian or US market, etc. - Contact US dept of commerce, Find a partner company in India……. Entry India, LLC

  12. Example 1Recommended steps Example 1: I want to sell Hand Sanitizer Gel in India (the following depends on the size of your project and your expectations from India) • Call US Commercial Service Office (USCS) in India and give them your requirements • I need to have a feasibility report that presents the market size for the product, competition, pricing models, market development, distribution network and supply-chain recommendations, logistics and shipping arrangements, expansion strategies and revenue repatriation. • USCS will recommend consulting companies that can create a feasibility report • You would select one of the consulting companies based on cost, location, previous clients. Etc. • Based on the recommendations of the report, you would proceed further or end the project • If proceed further: Call US Commercial Service Office to find and select a distributor • Pay the fees ($350 minimum) to USCS • Based on recommendations by USCS, visit India and do one-on-one meetings with the prospective distributors in presence of an official from USCS office • Select the distributor of your choice and finalize terms and conditions with the distributor (USCS plays no role in this part) • Call Entry India, get a Lawyer recommendation and sign a legally binding agreement • Start your project and make MONEY Entry India, LLC

  13. Success Factors • Time and Patience • Right Expectations • Well defined agreements • Clear Strategy • An Indian on your side Entry India, LLC

  14. When Dealing with an Indian Partner • Check for • Reliability: Testimonials with Client verification • Ethical Practices • Commitment to work/doing business • Cooperation with partner • Fair and responsiveness to employees • Show that you have multiple options open • You are in the game for long time • Willingness to come to India • Build relationship Entry India, LLC

  15. Pay Special Attention to • Scams, crime and corruption (82nd in Corruption Index) • IP infringement • Resolution of disputes, court settlements Entry India, LLC

  16. Resources • India Business and Travel Guide by Entry India • Camille E. Sailer, Esq., Director of International Trade, NJEDA • Sidney Simon, Special Agent in Charge - Office of Export Enforcement • Regina Gordin, Business Development Officer – Export - Import Bank • Abdul Quader Shaikh, Ph.D., Senior International Economist, US Commercial Service • Download more presentations on Doing Business in India, Financing in US, US side of Export control and more from entryindia.com Entry India, LLC

  17. THANK YOU Entry India, LLC

More Related