We in our articles keep talking about how India is a land of
opportunities for everyone and you shouldn’t think twice before entering the
market to get the most out of it. To expand more on this here are some facts
that you should consider.
Advantages of doing business in the country –
· The population of 1.31 billion out of which 767
million falls in the age group of 15-64 age group, and also set to become the youngest country with an average age of 29 years by 20252nd largest Internet users
base with 462 million Internet users.
·
India has the demonstrable capability to reach near
100% literacy level by 2025
·
Considerable Upward mobility among all sections,
more 150 million will be added to the middle class by 2025 which will create Hugely
consumer market base of $3.6 Tn by 2020 (BCG Report)
·
3rd largest economy in the world with the size of
$8.6 Tn by purchasing power parity (PPP) and is expected to rise to $20 Tn in
size by 2025
·
India has
an immediate investment opportunity of $1 Tn (Economic Times)
·
India enjoys stable/positive ratings from major
credit rating agencies around the globe and has a total foreign exchange
reserves of $371 Bn
·
largest Railway Network in the world, used by 23
million travelers every day
·
2nd largest Road Network in the world stretching
3.3 million km
·
12 major ports, 200 notified minor and
intermediate ports
NEW
INFRASTRUCTURE
INDUSTRIALIZATION AND URBANIZATION -
Industrial Corridors and 21 new nodal Industrial Cities to
be developed: Delhi-Mumbai Industrial Corridor (DMIC)Chennai-Bengaluru
Industrial Corridor (CBIC)Bengaluru-Mumbai Economic Corridor
(BMEC)Vizag-Chennai Industrial Corridor (VCIC)Amritsar Kolkata Industrial
Corridor (AKIC)
These 21 new nodal cities will be having advantages like;
Large land parcels, Planned communities, ICT enabled infrastructure,
Sustainable living, Excellent connectivity- Road, Rail, etc.
Delhi-Mumbai Industrial Corridor is a mega infra-structure project of USD 100 billion, covering an overall length of 1,483 km. Dedicated
Freight Corridor (DFC) of 1504 km as the backbone, DMIC will intersect 7 states
namely Delhi, Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and
Maharashtra
Doubling of Network of Roads by 2024 and Construction of
15,000 km new roads by 2023 are targeted under various projects
Railway projects such as Setting up of New Railway Stations,
Modernization of Rolling stock, High-Speed Railways, Port Mine connectivity
etc. have been initiated for Modernising and better connectivity of Indian
Railways.
Eastern Dedicated Freight Corridor of 1840 km length and
Western Dedicated Freight Corridor of 1504 km length is under construction as
well as many projects are under planning stage.
Sagar Mala project is started by the Govt. of India to
modernize India's Ports and Inland waterways so that port-led development can
be augmented and coastlines can be developed to contribute to India's growth,
providing a project outlay of $10 Bn.
The Smart Cities Mission having a project outlay of $7.69 Bn
is progressing, with Special Purpose Vehicles for 19 cities already set up.
Aviation industry with the target of becoming 3rd largest by
2030 and to cater to international and domestic traffic.
NEW DESIGN,
INNOVATION AND R&D
Investment in innovation and R&D offers large payoffs in
terms of economic growth and competitiveness in the global economy
3rd largest tech-driven Start-up ecosystem globally and Tech
Start-ups in India are expected to reach 11,500 in 2020 from 4,300 in 2015
“Start-up India” initiative was launched aiming at fostering
entrepreneurship and promoting innovation by creating an ecosystem that is
conducive for the growth of Start-ups.
Such initiatives make India an ideal place for investors
looking out to expand their company or relocate their business. If by chance, you
are likewise an organization that is taking a gander at moving or growing your
business in the Indian market, at that point our organization, MAK India
Business Solutions Pvt Ltd goes about as a facilitator in making that
augmentation sensible and invaluable with offer thorough assistance for
expanding your business in the feasible market with the reliable moving of the
associations or collecting unit in the country.
If you want to know more about us then get in touch with us
on –
Website:
https://www.makinindia.in/
Email ID: info@makinindia.in.
Call us on +91 8828461868
Source –
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