Business Expansion in India: Overcoming Barriers
This blog is originally posted on: https://www.deviantart.com/ Venturing into the immense and heterogeneous market that is India is profitable; however, attaining it is not a very easy undertaking. The activity of expanding a business is challenging at the best of times, but in India there are additional challenges that UK firms have to face, including legal issues, cultural differences, and physical structure. Nevertheless, by applying critical thinking and valuable information derived from local research, such obstacles become rather avoidable and thus do not pose significant risks to market entry and growth. Regulatory Complexity The legal regimes in India can be complex for any firm originating from the United Kingdom of Great Britain and Northern Ireland. Due to the availability of so many rules and regulations different from state to state, they can cause confusion, and this in a way prolongs the period. This means that the process of getting licenses and permits, as may be ...