Foreign Company Registration in India
Over the years, India has been relying on its service sector prowess which is the major contributor to the Indian GDP.
But slowly and steadily, India has realised the fact that it has missed the bus to China when it comes to manufacturing landscape.
Accordingly, the recent Modi government has taken quite a few initiatives to develop a manufacturing eco-system in India which has attracted lots of foreign investment in India as well as led to more and more foreign company registration in India.
Some initiatives taken during the recent years like Make in India, Production linked Incentive Schemes, Ease of doing business schemes has restore the faith and confidence of foreign companies and provided them business opportunities to earn huge profits by setting up business in India.
The government has been extending support to the manufacturers through training programmes in order to ensure availability of skilled workforce, providing subsidies and incentives for technological upgradation along with special scheme focused on micro, small and medium enterprises (MSMEs) for ensuring overall development.
Further tax and legal reforms has been done for development of manufacturing sector and ease of business in India which also lead to India becoming preferred destination for foreign company registration.
Some Facts relating to Indian manufacturing sector
Here are some facts:
India’s major industrial landscape
India already has a number of centre scattered across the country that contributes significant to manufacturing sector of economy. It should be highlighted that several substantial steps and improvements in the infrastructure domains, including as power, water, highways, and airports are required to expand the capacity and power of these landscapes.
Despite this it continues to attract a large number of foreign direct investment and will do in future. Here are brief description of factories:
Thus, various initiatives taken by the government of India has started giving its fruits and more and more Indian and foreign companies have shown interests in setting up manufacturing plants in India.
This trend will continue to be increasing in coming years and India will attract lot of foreign direct investments and will also witness more and more foreign company registration in India.
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