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For:
DR.SHAMIRA MALEKAR
Approved By :
Dr.Shamira Malekar
I am over helmed in all humbleness and gratefulness to acknowledge my depth to all those who
have helped me to put these ideas, well above the level of simplicity and into something concrete.
I am very thankful to our Prof. Dr. Shamira Malekar for her valuable inputs. She was always there
to show the right track when I needed her help. With the help of her valuable suggestions, guidance and
encouragement, I was able to perform this Assignment.
I offer our sincere gratitude to Dr. Shamira Malekar to have given us this opportunity which we
consider a stepping stone in our journey towards being successful leaders in the near future.
Institute for Technology & Management
Date: 17/09/2010
CERTIFICATE
150conclusion
Institute for Technology & Management
Date: 17/09/2010
1.0 INTRODUCTION
The Kingdom of Saudi Arabia:
The Kingdom of Saudi Arabia was officially established on the 21 Jamada Al-Awwal 1351 A.H.
corresponding to 22 September 1932 A.D. but its roots go back to the year 1157 A.H. (1744 A.D.) when
the first Saudi State was established by its Prince Mohammad Ben Saoud and has lasted around 75
years. Saudi Arabia is known for its enormous reserves of oil and gas, but an export-led economic
diversification effort will soon help the Kingdom become a significant global producer of value-added
industrial components and manufacturing inputs — from aluminum and fertilizer to high-tech fiber-optic
cables.The population of the Kingdom of Saudi Arabia is estimated at around twenty million distributed
according to the gender and nationality as per the date of the population’s general consensus held in the
year 1993 A.D. In 1902, ABD AL-AZIZ bin Abd al-Rahman Al Saud captured Riyadh and set out on a
30-year campaign to unify the Arabian Peninsula. Today, the monarchy is ruled by a son of ABD AL-
AZIZ, and the country's Basic Law stipulates that the throne shall remain in the hands of the aging sons
and grandsons of the kingdom's founder. Following Iraq's invasion of Kuwait in 1990, Saudi Arabia
accepted the Kuwaiti royal family and 400,000 refugees while allowing Western and Arab troops to
deploy on its soil for the liberation of Kuwait the following year.
Set apart from the rest of Asia by the supreme continental wall of the Himalayas, the Indian
subcontinent touches three large bodies of water and is immediately recognizable on any world map. It
is the huge, terrestrial beak between Africa and Indonesia. This thick, roughly triangular peninsula
defines the Bay of Bengal to the east, the Arabian sea to the west, and the India Ocean to the south. With
nearly 1 billion citizens, India is the second most populous nation in the world. It is impossible to speak
of any one Indian culture, although there are deep cultural continuities that tie its people together. India's
puzzleboard of 26 states holds virtually every kind of landscape imaginable. An abundance of mountain
ranges and national parks provide ample opportunity for eco-tourism and trekking, and its sheer size
promises something for everyone. The largest democracy in the world India has gleaned the best from
its association with world through the course of history. Much sought after for its spices right from the
days of Christopher Columbus, India is still a star tourist destination.Hindi is the national language but
English is commonly used for official purposes and is offered as subject in most schools. As against
2820 languages in the entire world, as many as 325 languages are spoken in India alone. It is said that
dialect changes every 8-10 kilomete
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Date: 17/09/2010
2.0 TRADING RELATIONSHIP BETWEEN INDIA & SAUDI
ARABIA:
The trading relationship between Saudi Arabia and India is among the most-strategic bilateral bonds for
either country. As India's largest supplier of crude oil, Saudi Arabia is favorably positioned to benefit
from burgeoning demand for energy in Asia's third-largest economy, set to experience annual economic
growth rate of 7-8 percent for the foreseeable future. The balance of trade between the two states has
consistently swung in favor of Kingdom, its trade surplus standing at SR67.3 billion in 2008, up almost
seven-fold from 2000 levels.India's geographic dependence on Gulf oil is likely to become amplified in
the coming years due to limited prospects for enhancing domestic energy production.
Aside from trade, Saudi Arabia is a major source of income for India as a result of workers remittances.
Foreign workers accounted for 27 percent of Saudi Arabia's population of 25 million in 2008 - and
Indians form the Kingdom's largest expatriate work force, working in fields from information
technology to construction, with most employed as blue-collar workers. Given this varied web of
economic and diplomatic interests, Banque Saudi Fransi regards Indian Prime Minister Manmohan
Singh's historic visit to Saudi Arabia this month as decisive to deepening ties between two countries
poised to take a greater role in the world economy.
2.1 Revived relations:
The importance of long-standing trading ties between Saudi Arabia and India has become pronounced
this decade, with India's share of total Saudi exports and imports gaining ground since 1990. In 2008,
India accounted for 7.3 percent of total Saudi exports, compared with 2.5 percent in 1990, SAMA data
show. Over the same period, the ratio of Saudi imports from India rose to 4.2 percent from 1.1 percent.
The two countries have worked to improve bilateral ties since the 1990s, prior to which time their
relationship was constrained by Cold War politics and Saudi Arabia's support for Pakistan. Saudi Arabia
and India had established diplomatic ties shortly after the latter's independence in 1947. But during the
Cold War period, Indian-Saudi relations were confined to energy and labor as a result of India's
proximate ties with the Soviet Union and Saudi Arabia's close links with the United States.
The countries also agreed to form public and private joint ventures to develop oil and natural gas. Since
that visit, a reciprocal trip by Singh has been anticipated. Prior to Singh, it was Indira Gandhi who last
visited the Kingdom as prime minister in 1982.
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Date: 17/09/2010
Gulf countries accounted for nearly 27 percent of total remittances to India, according to a study
published last year by the GRC and the Nixon Center on India's role in the Gulf. Remittances are crucial
for the roughly 65 percent of low-skilled laborers, whose families at home rely almost entirely on money
they send. In the 2008-2009 fiscal year, inward remittances to India amounted to $23.1 billion, up 5.5
percent from the year earlier and more than double levels in 2005-2006, according to the latest data of
the Reserve Bank of India.
While labor has been a long-standing link between Saudi Arabia and India, given fast and sustainable
growth in India, fewer Indian professionals are moving to the Gulf for work than a decade ago. The
slowdown in India's brain drain has obvious repercussions, good and bad, for both sides.
Data of India's Consulate General in Jeddah show about 5 percent of expatriates are professionally
qualified, working as doctors, engineers, accountants and other skilled positions. About 10 percent of
Indian expatriates are employed in Saudi Arabia as white collar staff and 85 percent are laborers and
technicians.
An extension of established trading ties and cultural affinity has been the growing investment
relationship between Saudi and Indian companies. More than 220 Indian companies received licenses to
set up full-owned or joint-venture projects in Saudi Arabia in the past two years, according to the Saudi
Arabian General Investment Authority (SAGIA). These companies have pumped more than SR4 billion
into the Saudi economy. Gulf countries have also drawn on human resources from India to help them
develop many sectors, including information technology, construction, transportation and services.
India, meanwhile, is vying for Gulf states such as Saudi Arabia, UAE and Oman, to participate in its
infrastructure expansion plans. A new Saudi-India business council was set up to provide a framework
for building bilateral economic ties, allowing Saudi Arabia to tap Indian expertise in fields ranging from
information technology and biotechnology to education and small business development. Saudi Arabia
also plans to establish an India investment fund primarily to invest in Indian infrastructure projects
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Date: 17/09/2010
There are diverse dietary restrictions in India, and these may affect the foods that are served:
• Hindus do not eat beef and many are vegetarians.
• Muslims do not eat pork or drink alcohol..
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Date: 17/09/2010
• Sikhs do not eat beef.
• Lamb, chicken, and fish are the most commonly served main courses for non-vegetarian meals as
they avoid the meat restrictions of the religious groups.
Table manners are somewhat formal, but this formality is tempered by the religious beliefs of
the various groups.
• Much Indian food is eaten with the fingers.
• Wait to be told where to sit.
• If utensils are used, they are generally a tablespoon and a fork.
• Guests are often served in a particular order: the guest of honour is served first, followed by the
men, and the children are served last. Women typically serve the men and eat later.
• You may be asked to wash your hands before and after sitting down to a meal.
• Always use your right hand to eat, whether you are using utensils or your fingers.
• In some situations food may be put on your plate for you, while in other situations you may be
allowed to serve yourself from a communal bowl.
• Leaving a small amount of food on your plate indicates that you are satisfied. Finishing all your
food means that you are still hungry.
12.0 Business Etiquette and Protocol in India
12.1 Relationships & Communication
• Indians prefer to do business with those they know.
• Relationships are built upon mutual trust and respect.
• In general, Indians prefer to have long-standing personal relationships prior to doing business.
• It may be a good idea to go through a third party introduction. This gives you immediate
credibility.
12.2 Business Meeting Etiquette
• If you will be travelling to India from abroad, it is advisable to make appointments by letter, at
least one month and preferably two months in advance.
• It is a good idea to confirm your appointment as they do get cancelled at short notice.
• The best time for a meeting is late morning or early afternoon. Reconfirm your meeting the
week before and call again that morning, since it is common for meetings to be cancelled at the
last minute.
• Keep your schedule flexible so that it can be adjusted for last minute rescheduling of meetings.
• You should arrive at meetings on time since Indians are impressed with punctuality.
• Meetings will start with a great deal of getting-to- know-you talk. In fact, it is quite possible that
no business will be discussed at the first meeting.
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• Always send a detailed agenda in advance. Send back-up materials and charts and other data as
well. This allows everyone to review and become comfortable with the material prior to the
meeting.
• Follow up a meeting with an overview of what was discussed and the next steps.
12.3 Business Negotiating
• Indians are non-confrontational. It is rare for them to overtly disagree, although this is beginning
to change in the managerial ranks.
• Decisions are reached by the person with the most authority.
• Decision making is a slow process.
• If you lose your temper you lose face and prove you are unworthy of respect and trust.
• Delays are to be expected, especially when dealing with the government.
• Most Indians expect concessions in both price and terms. It is acceptable to expect concessions
in return for those you grant.
• Never appear overly legalistic during negotiations. In general, Indians do not trust the legal
system and someone's word is sufficient to reach an agreement.
• Do not disagree publicly with members of your negotiating team.
• Successful negotiations are often celebrated by a meal.
12.4 Dress Etiquette
• Business attire is conservative.
• Men should wear dark coloured conservative business suits.
• Women should dress conservatively in suits or dresses.
• The weather often determines clothing. In the hotter parts of the country, dress is less formal,
although dressing as suggested above for the first meeting will indicate respect.
12.5 Titles
• Indians revere titles such as Professor, Doctor and Engineer.
• Status is determined by age, university degree, caste and profession.
• If someone does not have a professional title, use the honorific title "Sir" or "Madam".
• Titles are used with the person's name or the surname, depending upon the person's name. (See
Social Etiquette for more information on Indian naming conventions.)
• Wait to be invited before using someone's first name without the title.
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Date: 17/09/2010
12.6 Business Cards
• Business cards are exchanged after the initial handshake and greeting.
• If you have a university degree or any honour, put it on your business card.
• Use the right hand to give and receive business cards.
• Business cards need not be translated into Hindi.
• Always present your business card so the recipient may read the card as it is handed to them.
13.2 IDV (Individualism) - the individualism score focuses on the degree to which a culture values and
reinforces the importance of the individual as opposed to the group. A high scoring country will view
individuality and individual rights as critical. Low scoring countries will value the group, i.e. family, tribe, etc.
For tips on how to communicate and interact with people from the target country please visit Individualism.
13.3 MAS (Masculinity) - masculinity focuses on the degree to which a culture reinforces the traditional
role of males vs females. A high scoring country will have a more accute degree of gender differentiation whereas
in low scoring countries there is less differentiation and discrimination between genders. For tips on how to
communicate and interact with people from the target country please visit Masculinity.
15.0 CONCLUSION
The advent of the global economy is changing the fundamental nature of our governments, businesses,
organisations and populations. In short, we are no longer constrained by state boundaries but have all
become part of an interdependent international network.
One of the key changes this has triggered is the need to communicate effectively with different people in
different languages and from different cultures.
It is now recognised that linguistic and cultural knowledge are two of the most vital areas of knowledge
that organisations must come to acquire if they are to integrate, progress and succeed in the marketplace.
Effective cross cultural communication is concerned with overcoming cultural differences across
nationality, religion, borders, culture and behaviour
Institute for Technology & Management
Date: 17/09/2010