FACTORY SET UP IN INDIA- Things to be kept in mind
FACTORY SET UP IN INDIA Since the year 1992, India has been focusing on its service industry and agriculture and achieved tremendous growth in service sector in areas of IT and ITes, Pharmaceuticals, space research and defense. Now, India has started focusing on developing its manufacturing sector and government of India has launched various schemes to attract foreign companies for Factory set up in India. There are many advantages of setting up manufacturing unit in India like huge consumer market, cheaper cost of production, high skilled labor, friendly government policies and incentives and shorter lead times for customers. Following factors should be kept into consideration before looking to set up a factory in India by any foreign company: 1) Type of Entity Firstly, it is important to decide upon what type of entity to be set up in India for doing manufac...