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The Right Posture For Chinese Start-ups To Open Up The Indian Market
Aug 16, 2018

India, one of the most important developing countries in the world and the only large country with a population of more than 1 billion, occupies a pivotal position in emerging markets and attracts the attention of investors around the world. At a recent meeting of China's Business Services conference, Pusanlite Kuma, the former President of the Asia-Pacific Law Association and the President-designate of the Indian Law Association, said Indian scientists and technicians ranked third in the world. The number of young Indians will be ranked first in the world in 2020.


Good working atmosphere, rich labor advantages for innovation, start-up enterprises to provide a good ecological environment.


It is understood that the Indian government to promote entrepreneurial planning policy, to meet the requirements of enterprises to provide financial, legal support, including the rapid tracking of intellectual property review procedures at lower costs, provide a 3-year tax concessions, etc. to help the start-up enterprises to grow healthily. Cai Fang, vice president of comscore, points out that companies that have not yet determined the direction of investment can consider the media industry. Indian media companies are popular on the ground, which is related to the local cultural environment in India. The diversity of Indian languages, combined with the influence of religious culture, is a variety of local people.


As a result, Chinese start-ups can enter the Indian market by cooperating with local companies or as technical suppliers of local companies, and then expanding the territory after familiarity with local culture. "There is tremendous potential in India's financial services industry. Institutional research has shown that India's financial services sector is in the state of China seven or eight years ago, and companies can judge the Indian market by studying China's data. At present, there are 20,000 borrowing financial institutions or banks in India, and there are 50,000 in China. Regional banks, China has 50,000, India has only 10,000. With the digital economy, India's young people's consumer demand is escalating, the Chinese enterprises to India to develop financial services, the prospects for the future.


"Indialends founder Golaf (Gaurav Chopra) said. India's dispute resolution mechanism is also conducive to rapid settlement of disputes by start-ups. "Arbitration in India is short and efficient." According to the provisions, the arbitral tribunal must, in principle, adopt a ruling within 12 months, with exceptional circumstances that may be extended for 6 months. And the parties have the right to conduct arbitration proceedings in a speedy manner, in which case the award will be approved within 6 months. "said Kumar.


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