M+V attend Interactive Session on Building Partnerships in India
Joint Venture (JV) is a business preparation in which more than two organizations or parties share the ownership, expense, return of investments, profit and governance.
In-depth explanation and insights were provided on this through an Interactive Session for Foreign Investors on Building Partnerships in India. The aspect of social, political, economic improvement and how it helped India to become a $5-trillion economy.
The country is moving toward Self Sufficiency and therefore restrictions are imposed on import of various goods. This allows various companies to come and manufacture in India.
Liberalization of FDI Guidelines and the rise in National infrastructure pipeline provides a huge market for foreign investors. JV brings New insights, expertise and better resources. It helps to distribute the risks and costs, builds relationships and networks and is the Fastest mode of access to the country.
Further, the panelist discussed it from the perspective of:
- Banking
- Complexities of the countries: With every 100km choices and perception changes.
- Legal and Taxation: The country doesn’t have a second layer tax and the abolishment of Dividend distribution tax.
A joint venture can become successful with the autonomy that the managers enjoys and the autonomy to make the decision, aspiration of growth and the right fitment of the partners.
For More information please watch the video
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