What does it take to set up a Factory in India? India is a country that has a quite large number of population and is still growing; India is a great business hub and offers numerous companies (local and international) a potential market to explore. However, there are some regulations regarding foreign stake in an Indian company and also for an international business to open a company in India or setting up a factory in India.
A foreigner or an NRI looking for setting up a business in India will have to register themselves to work legally in India. But before they plan for a business or factory set up in India, they will have to file income tax returns along with annual returns to the registrar of companies. If an entrepreneur if wish to
register a firm in India as a sole proprietorship, then he/she merely has to file income tax returns. Read more: A Guide on Setting up a Factory or Business in India
Business Consulting Companies
Business consulting companies in India help businesses to go through the whole process of setting a business in India or guide and help international businesses to make business expansion in India. They help large and small firms in developing structure and sales strategies, and in making an identity for the company. Entrepreneurs just need to inform them about their goals, and they will provide them with the course of action.
Contract Manufacturing
There are many business consulting firms that offer businesses contract manufacturing in India. It is a contract between the company and the manufacturer to make a certain number of products for the company within the specified time. The goods will be created under the company’s brand and thus is also called private level manufacturing.
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