• General Information

• India is a Union of States with parliamentary system of

Government
• Land area: 3.29 million square kilometers
• Capital: New Delhi
• Population: 1.027 billion (March 1, 2001)
• Climate: mainly tropical with temperature ranging from 10o –
40o C in most parts
• Time zone: GMT + 5 1/2 hours
• Major international airports: New Delhi, Mumbai, Chennai,
Kolkata, Bangalore, Hyderabad, Thiruvananthapuram
• Major ports of entry: Chennai, Ennore, Haldia, Jawaharlal
Nehru, Kolkata, Kandla, Kochi, Mormugao, Mumbai, New
Mangalore, Paradip and Tuticorin, Vizag

Basic Economic Statistics

• GDP at current prices (2007-08): $ 1.16 trillion

• GDP (PPP) (2006) = US $4156 (5th largest in the world)
• GDP growth rate (2007-08) : 9%
• Exchange rate: Rs.49.77/$ (as on October 29, 2008)
• Foreign Exchange reserves: US $273.89 billion (as on
17.10.2008)
• Exports (2007-08): US $159 billion, Growth Rate: 25.8 %
• Imports (2007-08): US $239.65 billion, Growth Rate : 29%
• Foreign Direct Investment (2007-08): US $32.44
• Portfolio Investment (2007): US $17.23 billion

Investment Outlook

• 2nd most attractive destination - ATKEARNEY Business Confidence

Index, 2007
• India can sustain 10% growth rate-OECD Survey, 2007
India is the second most attractive location for foreign direct
investment-UNCTAD's World Investment Report, 2008
• PriceWaterHouseCoopers report, March 2008 states that India will be
90% of the US economy by 2050

Taxation System in India

India has a well-developed tax structure with clearly demarcated

authority between Central and State Governments and local bodies.
Central Government levies taxes on income (except tax on agricultural
income, which the State Governments can levy), customs duties, central
excise and service tax.
Value Added Tax (VAT), (Sales tax in States where VAT is not yet in
force), stamp duty, State Excise, land revenue and tax on professions
are levied by the State Governments. Local bodies are empowered to
levy tax on properties, octroi and for utilities like water supply, drainage
etc.

In last 10-15 years, Indian taxation system has undergone tremendous

reforms. The tax rates have been rationalized and tax laws have been
simplified resulting in better compliance, ease of tax payment and better
enforcement. The process of rationalization of tax administration is
ongoing in India. Since April 01, 2005, most of the State Governments
in India have replaced sales tax with VAT.

Taxes Levied by Central Government

Direct Taxes:
Tax on Corporate Income, Capital Gains Tax, Personal Income Tax, Tax
Incentives, Double Taxation Avoidance Treaty

Indirect Taxes:
Excise Duty, Customs Duty, Service Tax, Securities Transaction Tax

Taxes Levied by State Governments and Local Bodies

Sales Tax/VAT, Other Taxes

Direct Taxes
Taxes on Corporate Income

Companies residents in India are taxed on their worldwide income

arising from all sources in accordance with the provisions of the Income
Tax Act. Non-resident corporations are essentially taxed on the income
earned from a business connection in India or from other Indian
sources. A corporation is deemed to be resident in India if it is
incorporated in India or if it’s control and management is situated
entirely in India.

Domestic corporations are subject to tax at a basic rate of 35% and a

2.5% surcharge. Foreign corporations have a basic tax rate of 40% and
a 2.5% surcharge. In addition, an education cess at the rate of 2% on
the tax payable is also charged. Corporates are subject to wealth tax at
the rate of 1%, if the net wealth exceeds Rs.1.5 mn ( appox. $ 33333).

Domestic corporations have to pay dividend distribution tax at the rate

of 12.5%, however, such dividends received are exempt in the hands of
recipients.
Corporations also have to pay for Minimum Alternative Tax at 7.5%
(plus surcharge and education cess) of book profit as tax, if the tax
payable as per regular tax provisions is less than 7.5% of its book
profits.

Capital Gains Tax

Tax is payable on capital gains on sale of assets.

Long-term Capital Gains Tax is charged if

• Capital assets are held for more than three years and
• In case of shares, securities listed on a recognized stock exchange in
India, units of specified mutual funds, the period for holding is one year.

Long-term capital gains are taxed at a basic rate of 20%. However,

long-term capital gain from sale of equity shares or units of mutual
funds are exempt from tax.

Short-term capital gains are taxed at the normal corporate income tax
rates. Short-term capital gains arising on the transfer of equity shares
or units of mutual funds are taxed at a rate of 10%.

Long-term and short-term capital losses are allowed to be carried

forward for eight consecutive years. Long-term capital losses may be
offset against taxable long-term capital gains and short-term capital
losses may be offset against both long term and short-term taxable
capital gains.

Personal Income tax

Personal income tax is levied by Central Government and is

administered by Central Board of Direct taxes under Ministry of Finance
in accordance with the provisions of the Income Tax Act. The rates for
personal income tax are as follows:-

Income range (Rupee) Tax Rate (%)

0-100,000 Nil
1,00,000-1,50,000 10
1,50,000-2,50,000 20
2,50,000 and above 30

Surcharges of 10% on total tax is levied if income exceeds Rs. 8,50,000

Rates of Withholding Tax

Current rates for withholding tax for payment to non-residents are:-

(i) Interest 20%

(ii) Dividends Dividends paid by domestic companies: Nil
(iii) Royalties 10%
(iv) Technical Services 10%
(v) Any other services Individuals: 30% of the income
Companies: 40% of the net income

The above rates are general and are applicable in respect of countries
with which India does not have a Double Taxation Avoidance Agreement
(DTAA).

Tax Incentives

Government of India provides tax incentives for:-

• Corporate profit
• Accelerated depreciation allowance
• Deductibility of certain expenses subject to certain conditions.

These tax incentives are, subject to specified conditions, available for

new investment in
• Infrastructure,
• Power distribution,
• Certain telecom services,
• Undertakings developing or operating industrial parks or special
economic zones,
• Production or refining of mineral oil,
• Companies carrying on R&D,
• Developing housing projects,
• Undertakings in certain hill states,
• Handling of food grains,
• Food processing,
• Rural hospitals etc.

Double Tax Avoidance Treaty

India has entered into DTAA with 65 countries including the US. In case
of countries with which India has Double tax Avoidance Agreement, the
tax rates are determined by such agreements. Domestic corporations
are granted credit on foreign tax paid by them, while calculating tax
liability in India.

In the case of the US, dividends are taxed at 20%, interest income at
15% and royalties at 15%.
Indirect Taxes

Excise Duty

Manufacture of goods in India attracts Excise Duty under the Central

Excise act 1944 and the Central Excise Tariff Act 1985. Herein, the term
Manufacture means bringing into existence a new article having a
distinct name, character, use and marketability and includes packing,
labeling etc.

Most of the products attract excise duties at the rate of 16%. Some
products also attract special excise duty/and an additional duty of excise
at the rate of 8% above the 16% excise duty. 2% education cess is also
applicable on the aggregate of the duties of excise. Excise duty is levied
on ad valorem basis or based on the maximum retail price in some
cases.

Central Excise duty is administered by the Central Board of Excise and

Customs. For further information, please visit their website at
http://www.cbec.gov.in/

Excise Tariffs - Central Excise Tariff Act 2005

http://www.cbec.gov.in/cae/excise/cx-tariff0506/cxt0506-idx.htm

Central Excise Manual http://www.cbec.gov.in/cae/excise/cx-

manual/manual/index1.htm

The Central Excise Act 1944 http://www.cbec.gov.in/cae/excise/cx-

act/cx-act-idx.htm

Customs Duty

The levy and the rate of customs duty in India are governed by the
Customs Act 1962 and the Customs Tariff Act 1975. Imported goods in
India attract basic customs duty, additional customs duty and education
cess. The rates of basic customs duty are specified under the Tariff Act.
The peak rate of basic customs duty has been reduced to 15% for
industrial goods. Additional customs duty is equivalent to the excise
duty payable on similar goods manufactured in India. Education cess at
2% is leviable on the aggregate of customs duty on imported goods.
Customs duty is calculated on the transaction value of the goods.

Rates of customs duty for goods imported from countries with whom
India has entered into free trade agreements such as Thailand, Sri
Lanka, BIMSTEC, south Asian countries and MERCOSUR countries are
provided on the website of CBEC.
Customs duties in India are administrated by Central Board of Excise
and Customs under Ministry of Finance.

Schedule of Customs duties- The Customs Tariff Act 2005

http://www.cbec.gov.in/cae/customs/cs-tariff/cus-tariff-
2005/cst_schedule_1.htm

Website of Central Board of Excise and Customs

http://www.cbec.gov.in/

The Customs Act 1962 http://www.cbec.gov.in/cae/customs/cs-

act/formatted-htmls/cs-act-idx.htm

Customs Manual http://www.cbec.gov.in/cae/customs/cs-

manual/manual_idx.htm

Baggage Rules 1998 http://www.cbec.gov.in/cae/customs/cs-

act/formatted-htmls/cs-rulef.htm

FAQ http://www.cbec.gov.in/cae/faq.htm

Service Tax

Service tax is levied at the rate of 10% (plus 2% education cess) on

certain identified taxable services provided in India by specified service
providers. Service tax on taxable services rendered in India are exempt,
if payment for such services is received in convertible foreign exchange
in India and the same is not repatriated outside India. The Cenvat
Credit Rules allow a service provider to avail and utilize the credit of
additional duty of customs/excise duty for payment of service tax.
Credit is also provided on payment of service tax on input services for
the discharge of output service tax liability.

Website of Central Board of Excise and Customs relating to Service Tax

http://www.servicetax.gov.in/

Securities Transaction Tax

Transactions in equity shares, derivatives and units of equity-oriented

funds entered in a recognized stock exchange attract Securities
Transaction Tax at the following rate:-

• Delivery base transactions in equity shares or buyer and seller

each units of an equity-oriented fund - 0.075%
• Sale of units of an equity-oriented fund to the seller mutual fund -
0.15%
• Non delivery base transactions in the above - 0.015%
• Derivatives (futures and options) seller - 0.01%

For further details please visit the web site of Income Tax Department
at http://www.incometaxindia.gov.in/

Sales Tax Acts of various State Governments and Central Sales Act
governed the application of Sales Tax/VAT.

Sales Tax/VAT

Sales tax is levied on the sale of movable goods. Most of the Indian
States have replaced Sales tax with a new Value Added Tax (VAT) from
April 01, 2005. VAT is imposed on goods only and not services and it
has replaced sales tax. Other indirect taxes such as excise duty, service
tax etc., are not replaced by VAT. VAT is implemented at the State level
by State Governments. VAT is applied on each stage of sale with a
mechanism of credit for the input VAT paid. There are four slabs of
VAT:-

• 0% for essential commodities

• 1% on bullion and precious stones
• 4% on industrial inputs and capital goods and items of mass
consumption
• All other items 12.5%
• Petroleum products, tobacco, liquor etc., attract higher VAT rates that
vary from State to State

A Central Sales Tax at the rate of 2% is also levied on inter-State sales

and would be eliminated gradually.

Municipal/Local Taxes

• Octori/entry tax: - Some municipal jurisdictions levy octori/entry tax

on entry of goods
Other State Taxes

• Stamp duty on transfer of assets

• Property/building tax levied by local bodies
• Agriculture income tax levied by State Governments on income from
plantations
• Luxury tax levied by certain State Government on specified goods

India has a financial system that is regulated by independent regulators

in the sectors of banking, insurance, capital markets, competition and
various services sectors. In a number of sectors Government plays the
role of regulator.

Ministry of Finance, Government of India looks after financial sector in

India. Finance Ministry every year presents annual budget on February
28 in the Parliament. The annual budget proposes changes in taxes,
changes in government policy in almost all the sectors and budgetary
and other allocations for all the Ministries of Government of India. The
annual budget is passed by the Parliament after debate and takes the
shape of law.

Reserve bank of India (RBI) established in 1935 is the Central bank. RBI
is regulator for financial and banking system, formulates monetary
policy and prescribes exchange control norms. The Banking Regulation
Act, 1949 and the Reserve Bank of India Act, 1934 authorize the RBI to
regulate the banking sector in India.

India has commercial banks, co-operative banks and regional rural

banks. The commercial banking sector comprises of public sector banks,
private banks and foreign banks. The public sector banks comprise the
‘State Bank of India’ and its seven associate banks and nineteen other
banks owned by the government and account for almost three fourth of
the banking sector. The Government of India has majority shares in
these public sector banks.

India has a two-tier structure of financial institutions with thirteen all

India financial institutions and forty-six institutions at the state level. All
India financial institutions comprise term-lending institutions,
specialized institutions and investment institutions, including in
insurance. State level institutions comprise of State Financial
Institutions and State Industrial Development Corporations providing
project finance, equipment leasing, corporate loans, short-term loans
and bill discounting facilities to corporate. Government holds majority
shares in these financial institutions.

Non-banking Financial Institutions provide loans and hire-purchase

finance, mostly for retail assets and are regulated by RBI.

Insurance sector in India has been traditionally dominated by state

owned Life Insurance Corporation and General Insurance Corporation
and its four subsidiaries. Government of India has now allowed FDI in
insurance sector up to 26%. Since then, a number of new joint venture
private companies have entered into life and general insurance sectors
and their share in the insurance market in rising. Insurance
Development and Regulatory Authority (IRDA) is the regulatory
authority in the insurance sector under the Insurance Development and
Regulatory Authority Act, 1999.
RBI also regulates foreign exchange under the Foreign Exchange
Management Act (FERA). India has liberalized its foreign exchange
controls. Rupee is freely convertible on current account. Rupee is also
almost fully convertible on capital account for non-residents. Profits
earned, dividends and proceeds out of the sale of investments are fully
repatriable for FDI. There are restrictions on capital account for resident
Indians for incomes earned in India.

Securities and Exchange Board of India (SEBI) established under the

Securities and Exchange aboard of India Act, 1992 is the regulatory
authority for capital markets in India. India has 23 recognized stock
exchanges that operate under government approved rules, bylaws and
regulations. These exchanges constitute an organized market for
securities issued by the central and state governments, public sector
companies and public limited companies. The Stock Exchange, Mumbai
and National Stock Exchange are the premier stock exchanges. Under
the process of de-mutualization, these stock exchanges have been
converted into companies now, in which brokers only hold minority
share holding. In addition to the SEBI Act, the Securities Contracts
(Regulation) Act, 1956 and the Companies Act, 1956 regulates the stock
markets.

Insurance Regulatory & Development Authority

http://www.irdaindia.org/

SEBI http://www.sebi.gov.in/HomePage.jsp

RBI http://www.rbi.org.in/

Website of Commercial Banks in India

http://www.ficci.com/ficci/index.htm
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• Dispute resolution in India

• Important Economic Laws in India

Judiciary

India has a well-established and independent judiciary system. The

Supreme Court of India in New Delhi is the highest Court of Appeal.
Each State has a High Court along with subsidiary District Courts, which
enforce the rule of law and ensure fundamental rights of citizens,
guaranteed by the Constitution of India.

India has a three-tier court system with a typical Indian litigation

starting from a District Courts and reaching its logical conclusion in the
Supreme Court of India. The High Courts along with the various State
level forums, situated mostly in the State capitals, constitute the middle
rung of this three-tier system. District level courts are the courts of first
instance in dispute resolution except in cases where they are prevented
from being so by virtue of lack of pecuniary jurisdiction. Cases involving
violation of fundamental rights are filed in respective High Court or
Supreme Court.

A civil, criminal or commercial dispute may be filed in the court having

territorial jurisdiction and depending upon level of crime or pecuniary
jurisdiction. The place of cause of action and the place of residence of
the defendant are the necessary determinants of territorial jurisdiction.

A number of special courts and tribunals have been constituted in India

to deal with specific disputes: -

1. Various Tax Tribunals

2. Consumer Dispute Rederssal Forums
3. Insurance Regulatory Authority of India
4. Industrial Tribunals
5. Debts Recovery Tribunals
6. Company Law Board
7. Motor Accidents Claims Tribunals

An appeal can be filed against an order of the civil or criminal judge

before the Court of District and Sessions Judge. Next appeal can be
preferred before the High Court and after that to the Supreme Court.

Under Article 141 of the Constitution of India, every judgment delivered

by the Supreme Court becomes the Law of the Land to be followed by
all the other lower courts.

Dispute Resolution

The awards and decrees of the Indian courts are sacrosanct. However,
Section 13 of the Code of Civil Procedure 1908 (CPC) lays down that a
foreign judgment shall be conclusive as to any matter directly
adjudicated upon between the same parties or between parties under
whom they or any of them claim litigating under the same title except in
few cases.

Section 44A of the CPC provides for execution of decrees passed by

courts in a reciprocating territory. It lays down that where a certified
copy of decree of any of the superior courts of any reciprocating
territory has been filed in a District Court, the decree may be executed
in India as it has been passed by the District Court. Government of
India has notified Singapore, Malaysia, UK, New Zealand, Hong Kong
and Fiji as reciprocating territories. For other countries, a foreign decree
may be executed in India by filing a suit in the District Court on the
basis of the said decree praying inter-alia, for the execution of the
decree passed by the foreign court. In addition, the CPC provides for a
summary procedure for faster recovery of a debt or liquidated money in
demand under Order 37 of the CPC. In summary suit, defendant is not,
as in an ordinary suit, entitled as of right to defend the suit.

Arbitration and Conciliation

Arbitration and Conciliation Act 1996 based on the UNCITRAL model law
provides for resolution of a commercial dispute expeditiously for:

- International commercial arbitration, where the seat of arbitration is

India and
- Enforcement of international commercial arbitration agreements and
awards under the New York Convention and Geneva Convention where
the seat of arbitration is outside India.

The Arbitration Act also provides for international commercial arbitration

whether contractual or not, considered as commercial under Indian law
and where at least one of the parties is a foreign national or
incorporated in a foreign country.

Execution Procedure

The Supreme Court of India in the matter of M/s Furest Day Lawson Ltd.
Vs. Jindal Exports Ltd 2000(4) AD(SC) 433 held that “The foreign award
is already stamped as a decree”. The party holding a foreign award can
straightaway apply for the enforcement of the same and while enforcing
the award, the Court has to proceed in accordance with Sections 47-49
of the Arbitration Act. Once the Court decides that the foreign award is
enforceable, it can proceed to execute the same. A foreign award can be
executed in India by filing an Execution Application after a foreign
arbitration award is held to be enforceable by an Indian Court of
competent jurisdiction. In view of the apex court in the above case, a
foreign award is deemed and does not become a decree after decision of
the court as regards its enforceability.

The domestic award is enforced as per Section 36 of the Arbitration Act,

which states that where the time for making an application to set aside
the Arbitral Award under Section 34 has expired, or such application
having been made, it has been refused, the Award shall be enforced
under the CPC in the same manner as if it were a Decree of the Court.

New Dispute Resolution Opportunities offered by Investment

Treaties
India has entered into bilateral investment treaties with a number of
countries including Australia, France, Japan, Korea, UK, Germany,
Russian Federation, The Netherlands, Malaysia, Denmark, OPIC of US.
Each agreement makes provision for settlement of disputes between an
investor of one contracting party and an investor of the other
contracting party through negotiation, conciliation and arbitration.

India is a party to the Convention establishing the Multilateral

Investment Guarantee Agency (MIGA), which provides for settlement of
disputes between State parties to the Convention and MIGA through
negotiation, conciliation and arbitration.

Under Indian Law, the following types of differences cannot be settled

by arbitration, and therefore, must be settled only through civil suits: -

- Matters of public rights

- Proceedings under the Foreign Exchange Management Act (FEMA)
which are quasi-criminal in nature
- Validity of intellectual property rights granted by statutory authorities
- Taxation matters beyond the will of the parties
- Winding up under the Companies Act, 1956
- Disputes involving insolvency proceedings

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Important Economic Laws in India

Reserve Bank of India Act 1934 :

http://www.indialawinfo.com/bareacts/RBI.html

Insurance Act , 1938 : www.irdaindia.org

Industries (Development and Regulation) Act, 1951 :

http://siadipp.nic.in/publicat/ip/ipact01.htm

Industrial Disputes Act, 1947 :

http://www.indialawinfo.com/bareacts/ida.html

Environment (Protection) Act, 1986 :

http://envfor.nic.in/legis/env/env1.html

Foreign Trade (Development and Regulation) Act, 1992 : Please click to

visit the website

Income-tax Act , 1961 :

http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpage1.aspx
Foreign Exchange Management Act , 1999 :
http://indiacode.nic.in/fullact1.asp?tfnm=199942

Customs Act, 1962 : http://www.cbec.gov.in/customs/cs-act/cs-act-

idx.htm

Customs Tariff Act 1975:http://www.cbec.gov.in/customs/cst-0708/cst-

main.htm

Central Excise Act, 1944 : http://www.cbec.gov.in/excise/cx-act/cx-act-

idx.htm

Central Excise Tariff Act, 1985, 1986 :

http://www.cbec.gov.in/excise/cx-tariff0708/cxt0708-idx.htm

Companies Act , 1956 : Please click to visit the website

Patents Act , 1970 : http://ipindia.nic.in/ipr/patent/patents.htm

Copyright Act 1957 : http://indiacode.nic.in/fullact1.asp?tfnm=195714

Trade Marks Act , 1999 : http://did.nic.in/ipr/trademark/tmmain.htm

Securities and Exchange Board of India Act 1992 : Please click to visit
the website

Indian Penal Code 1860 :

http://www.indialawinfo.com/bareacts/ipc.html

Indian Evidence Act 1872 :

http://www.indialawinfo.com/bareacts/evi.html

Central Electricity Act 2003: Please click to visit the website

Information Technology Act 2000 : http://mit.gov.in/default.aspx?

id=321

Constitution of India : http://indiacode.nic.in/coiweb/welcome.html

====================================================
Intellectual property rights
India provides protection to Intellectual Property Rights in accordance
with its obligations under the TRIPS Agreement of the WTO. The
importance of intellectual property in India is well established at all
levels- statutory, administrative and judicial.

India has well-established administrative mechanism for enforcement of

Intellectual Property Rights. Police officers are empowered to take
action against the infringement of IPRs in case of pirated and counterfeit
products.

Cases of infringement of IPRs are tried in the judicial courts. Indian

Intellectual Property Rights Laws also provide for appeals in the judicial
courts of the administrative decisions relating to Intellectual Property
Rights.

The Intellectual Property Rights protected under various statues in India

are as follows:-

Patents
Copyrights and related rights
Trademarks
Geographical indications
Plant varieties
Designs
Lay out designs of integrated circuits
Protection of undisclosed information

Patents

India has undertaken exhaustive amendment of its Patents Act 1970,

three times since 1999. Now Indian Patents Act is fully compliant with
India’s obligations under the TRIPS Agreement of the WTO. The three
amendments that were carried out since 1999, introduced the following
main changes in the old Patents Act:-

1. India carried out first amendment in the Patents Act in 1999 and
introduced exclusive marketing rights and mail box facility for inventions
relating to chemical and pharmaceutical products. India introduced
these transitory provisions as India had availed of the transition period
available till 01 January 2005 to developing countries in introducing
product patent protection to all areas.
2. India carried out an exhaustive 2nd amendment to the Patents Act in
year 2001. This amendment brought the Indian Patents Act in
compliance with India’s obligations under the TRIPS Agreement.
3. India again carried out 3rd amendment of the Patents Act in year
2005 and introduced product patents protection for chemicals and
pharmaceutical products.
Detailed information about the Indian Patents Act is available at the
website of Controller of Patents, Designs and Trademarks at
http://ipindia.nic.in/ipr/patent/patents.htm

The Patents Act 1970

http://ipindia.nic.in/ipr/patent/patAct1970-3-99.html

The Patents (Amendment) Act 1999

http://ipindia.nic.in/ipr/patent/patact_99.PDF

The Patents (Amendment) Act 2002

http://ipindia.nic.in/ipr/patent/patentg.pdf

The Patents (Amendment) Act 2005

http://ipindia.nic.in/ipr/patent/patent_2005.pdf

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Copyrights and related rights

India’s copyright law, laid down in the Indian Copyright Act 1957 as
amended by Copyright (Amendment) Act 1999, fully reflects the Berne
Convention on Copyrights, to which India is a party. Additionally, India
is party to the Geneva Convention for the Protection of Rights of
Producers of phonograms and to the Universal Copyright Convention.

The copyright law has been amended periodically to keep pace with
changing requirements. The recent amendment to the copyright law,
which came into force in May 1995, has ushered in comprehensive
changes and brought the copyright law in line with the developments in
satellite broadcasting, computer software and digital technology. The
amended law has made provisions for the first time, to protect
performer’s rights as envisaged in the Rome Convention.

Several measures have been adopted to strengthen and streamline the

enforcement of copyrights. These include the setting up of a Copyright
Enforcement Advisory Council, training programmes for enforcement
officers and setting up special policy cells to deal with cases relating to
infringement of copyrights.

Department of Secondary & Higher Education, Ministry of Human

Resources Development
http://education.nic.in/Secondary/secondary.asp

A Handbook of Indian Copyrights Act

http://education.nic.in/copyright.asp
Indian Copyright Act 1957 http://indiacode.nic.in/fullact1.asp?
tfnm=195714

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Trademarks

India provides trademark protection for marks of goods and services,

collective marks, certification trademarks and well-known marks under
the Trademarks Act 1999.

Application for registration of a trademark should be filed with the

trademark registry. Trademark is registered after publication in the
trademarks journal to invite opposition and after further examination.
Registration is not must for protection, however, it is mandatory for
taking action against infringement. Registration is valid for an initial
period of ten years and can be renewed for further period of ten years.

Police officers are empowered and seized without warrant the

counterfeit goods and machinery used to commit the offence. Penalties
ranging from six months to three years and fines have been prescribed
in the Act for trademarks violations.

Further details regarding trademarks protection are available at the

website of Controller of Patents, Designs and Trademarks
http://ipindia.nic.in/tmr_new/default.htm

Trademarks Act 1999

http://ipindia.nic.in/tmr_new/tmr_act_rules/tmr_act.pdf

Trademarks Rules 2002

http://ipindia.nic.in/tmr_new/tmr_act_rules/tmr_rules_2002.pdf

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Geographical indications

Protection to geographical indications is provided under the

Geographical Indications of Goods (Registration and Protection) Act
1999.

A geographical indication may be registered with the Controller General

of Patents, Designs and Trademarks for all goods originating in a
definite territory of a country, or a region or locality in that territory.
The Geographical Indications Act provides for additional protection of
higher level to goods notified by the Central Government. Registration
of a geographical indication is for ten years with possible renewal for
further ten-year periods.

Further details regarding geographical indications protection are

available at the website of Controller of Patents Trademarks and
Designs http://ipindia.nic.in/ipr/gi/geo_ind.htm

The Geographical Indications of Goods (Registration and Protection) Act

1999 http://ipindia.nic.in/ipr/gi/gi_act.PDF

The Geographical Indications of Goods (Registration and Protection)

Rules 2002
http://ipindia.nic.in/ipr/gi/Girule~1.PDF

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Protection of Plant varieties

Protection to plant varieties is provided by the Protection of Plant

Varieties and Farmers’ Rights Act 2001. This Act provides an effective
system for protection of plant varieties and farmers’ rights to stimulate
investments for R&D both in public and private sectors for the
development of new plant varieties by ensuring appropriate returns on
such investment. This Act complies with India’s obligations under Article
27.3 (b) of the TRIPS Agreement of the WTO by providing an effective
sui generis system for protection of plant varieties.

New plant varieties could be registered under this Act for Plant Breeder
Rights based on the international criteria of newness, distinctiveness,
uniformity and stability. The essentially derived varieties are also
registered under this Act based on internationally accepted criteria. This
Act also has some unique features like benefit sharing, community
rights, gene funds, compulsory licensing etc. Penal provisions are also
provided in this Act against infringement of Plant Breeder Rights.

A Protection of Plant Varieties and Farmers’ Rights Authority has been

constituted to administer this Act. The Protection of Plant Varieties and
Farmers’ Rights rules have also been framed under this Act. Applications
for plant varieties should be filed with the Authority. Department of
Agriculture and Cooperation, Ministry of Agriculture, Government of
India is the administrative department for implementation of this Act.

Department of Agriculture and Cooperation, Ministry of Agriculture

http://agricoop.nic.in/

The Protection of Plant Varieties and Farmers’ Rights Act 2001

http://agricoop.nic.in/PPV&FR%20Act,%202001.pdf
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Industrial Designs

The Designs Act 2000 provides to protection to registered designs in

accordance with India’s obligations under the TRIPS Agreement.

Independently created designs that are new or original are protected

under this Act. The Act provides a right to the owner of the registered
industrial design to prevent third parties not having his consent from
making, selling or importing articles being or embodying a design, which
is a copy or substantially a copy of the protected design when such acts
are undertaken for commercial purposes. The duration of the protection
is ten years.

For further details, visit the website of Controller of Patents Designs and
Trademarks at http://ipindia.nic.in/ipr/design/designs.htm

General Information Booklet for Applicants of Designs

http://ipindia.nic.in/ipr/design/design_proc.htm
The Designs Act 2000 http://ipindia.nic.in/ipr/design/design_act.PDF

The Designs Rules 2001 http://ipindia.nic.in/ipr/design/des_rule.PDF

The Designs (Amendment) Rules 2003

http://ipindia.nic.in/ipr/design/design_r_03.pdf

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Lay out designs of integrated circuits

The Semiconductor Integrated Circuits Layout Design Act 2000 provides

protection to semiconductor integrated circuits layout designs in
accordance with the provisions of the TRIPS Agreement.

The Act provides for exclusive rights to the registered proprietor of a

layout design and also to the registered users. Applications for
registration of layout designs could be filed with the Registrar. Appeals
against the orders of the Registrar could be filed with the Appellate
Board. The Act also provides for criminal prosecution for infringement of
layout designs.

The administration department for implementation of the Act is

Department of information Technology, Ministry of Communications and
Information Technology, Government of India.

Semiconductor Integrated Circuits Layout-Design Registry

(SICLDR)

Government of India has decided to establish a centralized

Semiconductor Integrated Circuits Layout-Design Registry (SICLDR) for
receiving IPR applications and granting Registrations to qualifying cases.
The Registry will have jurisdiction all over India [Ref: Gazette No.219
dated 1 st March 2004, Notification S.O. 279(E) ].

SICLD Registry is located at the following address:

Semiconductor Integrated Circuits Layout-Design Registry Room No.

3014-3015 Department of Information Technology Electronics Niketan,
6 CGO Complex, Lodi Road New Delhi-110003.

For further information on SICLDR activities and Registration of

IC Layout-Designs, contact:

Dr. K.S. Chari, Registrar

Ph: 24301405/905
Telefax: 24361464
http://www.mit.gov.in/default.ASPX?id=189

FAQ on Semiconductor Act

Frequently Asked Question on Semiconductor Integrated Circuits

Layout-Design Act, 2000
http://www.mit.gov.in/default.aspx?id=317

Semiconductor Integrated Circuits Layout Design Act 2000

http://www.mit.gov.in/download/siclda.pdf
The Semiconductor Integrated Circuits Layout Design Rules
2001http://www.mit.gov.in/download/sicldar.pdf

============================================
=====

Incorporation of Business Entity

Incorporation of a CompanySetting up Liaison

/Representative /Branch/Project Office

A foreign company planning to set up business operations in India has

the following options to set up a business entity:-
1 As an incorporated entity under the Companies Act 1956 through JVs
or wholly owned subsidiaries
2 As an unincorporated entity through liaison office/representative office
or project office or branch office of a foreign company. Such offices can
undertake activities permitted under the Foreign Exchange Management
(establishment in India of branch office of other place of business)
Regulations 2000.

Incorporation of a Company

Incorporation of a company in India is governed by the Companies Act

1956. A company could be a private limited company or a public limited
company.

A private limited company is one that through its Articles restricts the
rights to transfer its shares, limits the number of its members to 50,
prohibits any invitation to the public to subscribe for any shares in the
company and prohibits any invitation or acceptance of deposits from
other than its members.

A public company is a company, which is not a private company.

For registration and incorporation of a company, an application has been

filed with Registrar of companies. Application for registration of a
company accompanied by the selected names, memorandum of
association and articles of association and other necessary documents is
to be filed with the Registrar of companies of the State in which the
company is proposed to incorporated. The documents required to be
filed along with applications are as follows: -

A. Memorandum of Association
B. Articles of Association
C. The agreement, if any, which the company proposes to enter
into with any individual for appointments as its managing or
whole time director or manager
D. A copy of the letter of the Registrar of Companies intimating
the availability of the proper time
E. Documents evidencing payment of prescribed registration and
filling fee
F. Documents evidencing the directorship and situation of
Registered Office inform 32 and Form 18 respectively and
declaration of compliance with the requirements of Companies
Act for giving consent to act as a director.

Upon compliance with all requirements, the Registrar will register the
company and issue a certificate of incorporation of company that would
bring the company into existence as a legal entity. Once the company
has been duly registered and incorporated as an Indian company, it is
subject to Indian laws and regulations as applicable to other domestic
Indian companies.

For further details please visit the website of Ministry of Company

Affairs http://www.mca.gov.in/

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Setting up Liaison /Representative /Branch/Project Office

Liaison Office/Representative Office

A Liaison Office could be established with the approval of Reserve Bank

of India. The role of Liaison Office is limited to collection of information,
promotion of exports/imports and facilitate technical/financial
collaborations.

Liaison office cannot undertake any commercial activity directly or

indirectly.

Project Office

Foreign companies planning to execute specific projects in India can set

up a temporary project/site offices in India for carrying out activities
only relating to that project. RBI has now granted general permission to
foreign entities to establish project offices subject to specified
conditions.

Branch Office

Foreign companies engaged in manufacturing and trading activities

abroad are allowed to set up branch offices in India for the purposes of
export/import of goods, rendering professional or consultancies
services, R&D, promoting technical or financial collaborations,
representing the parent company, acting as buying/selling agents,
rendering services in IT and development of software, rendering
technical support to the products supplied by the parent/group
companies, foreign airline/shipping companies. Branch offices could be
established with the approval of RBI and may remit outside India profit
of the branch, subject to RBI guidelines after payment of applicable
Indian taxes.

Procedure for establishing Liaison Office/Project Office/Branch

Office

Application for setting up these offices may be submitted to Chief

General Manger, Exchange Control Department (Foreign Investment
Division), RBI, Central Office, Mumbai in Form FNC-I.

Website of Foreign Exchange management Department, RBI

http://www.rbi.org.in/scripts/Fema.aspx

Foreign Exchange Management (Establishment in India of branch or

office or other place of business) Regulations, 2000
http://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=176

Foreign Exchange Management (Establishment in India of branch or

office or other place of business) (Amendment) Regulations, 2003
http://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=1416

Foreign Exchange Management (Establishment in India of branch or

office or other place of business) (Second Amendment) Regulations,
2003 http://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=1450

Foreign Exchange Management (Establishment in India of Branch or

Office or Other Place of Business) (Amendment) Regulations, 2005
http://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=2469

Form FNC-I for opening a Branch/Project/Liaison Office

http://rbidocs.rbi.org.in/rdocs/Forms/PDFs/form-fnc1.pdf

Exchange Control manual of RBI

http://www.rbi.org.in/scripts/BS_ECMCategory.aspx

Foreign Exchange Management Act 1999

http://indiacode.nic.in/fullact1.asp?tfnm=199942

============================================
=====

 State Governments
 Websites of State Governments
 Investment Promotion agencies of State Governments

State Governments
India has a federal system of government with clear demarcation of
powers. The states deal with subjects of law & order, agriculture, sales
tax, minor minerals, electricity, health, education, irrigation, water
supply, minor ports, roads, etc. India has 28 states and 7 Union
Territories. Some states have bicameral legislature comprising of Vidhan
Sabha (Legislative Assembly) and Legislative Council. Only few states
have Legislative Councils. Members of Legislative Assembly (MLAs) are
directly elected while members of Legislative Council are elected
indirectly. The leadership of the executive is drawn from and is
responsible to the Legislature. Chief Minister and his Council of Ministers
constitute the elected executive.

With liberalization of Indian economy, both domestic and foreign

investors now mainly require to interact with state governments and
local bodies for seeking various regulatory approvals and for getting
land and necessary infrastructure.

Most of the state governments have set up a number of industrial parks

with necessary infrastructure for power, water, roads, etc. Investors
could take land on lease or purchase land from the state level
corporations for setting up their units. These industrial parks have been
developed either by State Industrial Development Corporations, State
Infrastructure Development Corporations or by private sector or in joint
sector. Many states provide single window clearance for many
regulatory approvals and for getting infrastructure for units being setup
in these industrial parks. Some of these parks are also for specific sector
such as information technology, biotechnology, food processing,
garments, etc.

============================================
=======

Special Economic Zones (SEZ)

The Foreign Trade Policy of Government of India provides for setting up

of Special Economic Zones (SEZ) in the country with a view to provide
an internationally competitive hassle free environment for exports. Units
may be set up in SEZ for manufacture of goods and rendering of
services. The units in SEZs have to be a net foreign exchange earner
but they are not subjected to any pre-determined value addition or
minimum export performance requirements. Sales in the domestic tariff
area by SEZ units shall be subject to payment of full custom duty and
import policy inflows.

SEZs could be set up in public, private, joint sector or by State

governments. 100% FDI is allowed in setting up of SEZs. The
government of India has also converted existing Export Processing
Zones into SEZs.

The minimum size of the SEZs shall be 1000 hectares except in product
specific and port/airport based SEZs. Approval for setting up of new
SEZs is given by Department of Commerce, Government of India.

For setting up units in SEZs, all approvals are given by a Committee

headed by Development Commissioner of the concerned SEZ. For
setting up a unit in SEZ, application in prescribed format should be
submitted to the development Commissioner.

A large number of new SEZs have come up in private sector in India

including SEZs set up by foreign companies. A number of new SEZs
have been set up by State governments. List of SEZs

Facilities to SEZ Units

Detailed policy applicable to SEZ units is given in Appendix 14-II of

Handbook of Procedures Vol-I of Director General of Foreign Trade
(DGFT).

• SEZ units may import or procure from the domestic sources, duty
free, all their requirements of capital goods, raw materials,
consumables, office equipment etc., for setting up of units or further
operations without any license or specific approval
• Goods imported/procured locally duty free could be utilized over the
approval period of five years
• 100% income tax exemption (Section 10 A) for first five years and
50% for two years thereafter
• 100% FDI is allowed in manufacturing sector in SEZ units under
automatic route except sectors requiring industrial license. 100% FDI
allowed in items reserved for small scale units
• Setting up of offshore banking units allowed in SEZs. They would be
entitled for 100% income tax exemption for three years and 50% for
next two years
• More flexible exchange control regulations for units in SEZs and for
external commercial borrowing upto $ 500 million in a year
• Exemption from service tax to SEZ units

For more details, please go to the website of SEZs maintained by

Department of Commerce, Government of India at www.sezindia.nic.in

Contact details of SEZS

http://www.sezindia.nic.in/HTMLS/contact_details.htm
Set up SEZ Enterprise
http://www.sezindia.nic.in/HTMLS/Form_A_and_checklist.pdf

SEZ Act 2005 http://www.sezindia.nic.in/HTMLS/SEZ%20Act,

%202005.pdf

SEZ Act 2006 http://www.sezindia.nic.in/HTMLS/SEZ-RULES2006.PDF

FAQs http://www.sezindia.nic.in/HTMLS/faq.htm

===========================================
India provides for core labour standards of ILO for welfare of workers
and to protect their interests. India has a number of labour laws
addressing various issues such as resolution of industrial disputes,
working conditions, labour compensation, insurance, child labour, equal
remuneration etc. Labour is a subject in the concurrent list of the Indian
Constitution and is therefore in the jurisdiction of both central and state
governments. Both central and state governments have enacted laws on
labour issues. Central laws grant powers to officers under central
government in some cases and to the officers of the state governments
in some cases.

Website of Ministry of Labour and Employment, Government of India is

http://labour.nic.in

The main central laws dealing with labor issues are given below:
-

 Workmen’s Compensation Act 1923

 Minimum Wages Act 1948
 Payment of Wages Act 1936
 Industrial Disputes Act 1947
 Employees Provident Fund and Miscellaneous Provisions Act 1952
 Payment of Bonus Act 1965 Payment of Gratuity Act 1972
 Maternity Benefit Act 1961
 Industrial Employment (Standing orders) Act 1946

================================
Economic indicators

• Governmental Statistical Agencies

• Credit Rating/Market Research Agencies in India
• Non-Government/Autonomous Economic Research
Agencies

Governmental Statistical Agencies

Government of India has a number of agencies that collect and

publish various economic statistics. Details of the agencies, type
of data collected, type of reports generated by them and their web
links are given below.

• Office of the Registrar General of India conducts Population

Census of India at an interval of every decade. Census statistics
are available at http://www.censusindia.gov.in

• The Central Statistical Organization (CSO) compiles and

maintains standards of the macro-economic statistics of India.
Major Statistics compiled in CSO are:

- National Income Accounting / GDP and related measures. Data

are available at: http://mospi.nic.in/mospi_nad_main.htm
- Annual Survey of Industries that gives detailed data on
organized manufacturing sector of India, are available at:
http://mospi.nic.in/mospi_asi.htm
- Index of Industrial Production (IIP) to measure the industrial
growth are available at : http://mospi.nic.in/mospi_iip.htm
- All other data compiled by CSO are available at:
http://mospi.nic.in/cso.htm

• The National Sample Survey Organization (NSSO) is the central

government agency that prepares Survey Design, conducts
surveys to collect data relating to various sectors of the economy.
Details of NSSO’s surveys and statistics are available at:
http://mospi.nic.in/nsso.htm

• Indian Ministry of Finance prepares, presents, and monitor

annual Union Budget. Union Budget are available at:
http://indiabudget.nic.in

• The annual Economic Survey containing macro-economic review

is presented one day in advance of the Union Budget every year.
Economic Surveys are available at: http://indiabudget.nic.in

• Indian Public Finance Statistics containing fiscal deficit/surplus

and its components published annually by Ministry of Finance is
available at:
http://finmin.nic.in/downloads/reports/IPFStat200607.pdf

• Quarterly report on India’s External Debt brought out by Ministry

of Finance is available at:
http://www.finmin.nic.in/the_ministry/dept_eco_affairs/economic
_div/QEDS_Quar_june07.htm

• Agricultural statistics of India compiled and published annually

by the Indian Ministry of Agriculture are available at
http://agricoop.nic.in/Agristatistics.htm

• Inflation Rates in India is measured based on two types of

indices:

- The Wholesale Price Index (WPI) generated by the Office of the

Economic Adviser in the Ministry of Commerce & Industry are
available at : www.eaindustry.nic.in
- The Consumer Price Indices (CPI) for Urban Non-Manual
Employees generated by CSO are available at
http://mospi.nic.in/mospi_cpi.htm. CPI for Industrial Workers,
Agricultural Laborers and Rural Laborers generated by the Labor
Bureau under the Indian Ministry of Labor are available at :
http://labourbureau.nic.in/indexes.htm.

• Director General of Foreign Trade under the Indian Ministry of

Commerce & Industry monitors and compiles Foreign Trade
Statistics of India which are available at:
http://commerce.nic.in/india_trade.htm

• Department of Industrial Promotion and Policy under the Indian

Ministry of Commerce & Industry monitors and compiles data
relating to Foreign Direct Investment as well as domestic
investment in manufacturing sector of India. Monthly Foreign
Direct Investment Statistics are available at
http://siadipp.nic.in/publicat/pub_mn.htm. Monthly Statistics
relating to domestic investments in Indian industries are available
at : http://siadipp.nic.in/publicat/stats/sep2007/index.htm

• Planning Commission of India is responsible for formulation of

the Five Year Plans. Five Year Plan documents of India are
available at:
http://www.planningcommission.nic.in/plans/planrel/fiveyr/default
.html

• Planning Commission also came out with a National Human

Development Report for the first time in 2001. The report is
available at:
http://www.planningcommission.nic.in/reports/genrep/reportsf.ht
m

• Macroeconomic monetary indicators of both domestic and

external sectors of the Indian economy are monitored and
compiled by the Reserve Bank of India.

- Balance of Payments reported monthly in RBI Bulletin are

available at http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx
- Foreign Exchange Reserves reported in Weekly Statistics are
available at : http://www.rbi.org.in/scripts/BS_ViewWSS.aspx
- Exchange Rates and various interest rates are reported daily at:
http://www.rbi.org.in/home.aspx
- Capital Market indicator reflected in Share Price Indices is
available at RBI Bulletin:
http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx

Investment by Indian Companies Abroad

• Overseas Investment Policy

• Routes for overseas investment
• Streamlining of the overseas investment policy
• Overseas investment approvals
• Actual outflows
• Inflows from JV/WOS
• Sector-wise, country-wise etc. classification of overseas
investment
• Annexure-1 - Statement of approved overseas investments
• Annexure-2 - Actual investment outflow
• Annexure-3 - Inflows from JV/WOS
• Annexure-4- Sector-wise break-up of overseas investment
approvals
• Annexure-5- Classification of approved overseas investments by
Economic Regions
Annexure-6- Country-wise classification of approved overseas
investment
• Data relating to State Economies of India are available at:
http://goidirectory.nic.in/stateut.htm

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Credit Rating/Market Research Agencies in India

• Credit Rating Information Services of India Limited (CRISIL):

www.crisil.com
• Investment Information and Credit Rating Agency of India
(ICRA): www.icra.in

• Credit Analysis & Research Limited (CARE):

www.careratings.com

• Onicra Credit Rating Agency of India Ltd.: www.onicra.com

• Operation Research Group & Marketing & Resaerch Group: ORG-

MARG

• Duff & Phelps Credit Rating India Private Ltd. (DCR India)

• Other state level Market Research agencies are listed at:

http://dir.indiamart.com/indianservices/market1.html

International Credit Rating Agencies doing credit rating of

India

• Standards & Poors

• JP Morgan

• Price WaterHouse

• Morgan Stanley

• Merill Lynch

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Non-Government/Autonomous Economic Research

Agencies

• CMIE: http://www.cmie.com

• NCAER: http://www.ncaer.org

• National Institute of Public Finance and Policy:

http://www.nipfp.org.in

• Indian Institute of Foreign Trade :

http://www.iift.edu/iift/index.asp

• Tata Economic Consultancy Services:

http://www.tecsglobal.com
 • Indian Council for Research on International Economic Relations
(ICRIER): http://www.icrier.org

• Institute of Economic Growth: http://iegindia.org

• Centre for Development Studies: http://www.cds.ac.in

• Centre for Policy Research http://www.cprindia.org

• Centre for Economic & Social Studies:

http://www.cess.ac.in/cesshome/cessmain.asp

• Gokhale Institute of Politics and Economics:

http://www.gipe.ernet.in

• Indian Institute of Management : http://www.iimahd.ernet.in

• Indian Statistical Institute: http://www.isical.ac.in

• Indira Gandhi Institute of Development Research:

http://www.igidr.ac.in

• National Centre for Agricultural Economics and Policy Research:

http://www.icar.org.in/ncap/ncap_index.htm

• Gujarat Institute of Development Research:

http://www.gidr.ac.in

• Indian Institute of Finance: http://www.iif.edu

• Institute for Social and Economic Change: http://www.isec.ac.in

• Institute for Studies in Industrial Development:

http://isidev.nic.in

• Madras Institute of Development Studies: http://www.mids.ac.in

• Indian Institute of Capital market: http://www.utiicm.com

• V.V.Giri National Labour Institute: http://www.vvgnli.org

Market research
Consultancy companies, research agencies and investment bankers
have prepared a number of market research reports on India. Some of
these reports are in public domain while some are available on
payment. Some of the market research reports available in public
domain are given below:

Ernst & Young

• 3G: Is the time right - E&Y FICCI

• Analysing Growth of Asian Market: Background Paper - E&Y
• Conducting transaction in India: what Foreign investors need to know
- E&Y
• Electricity Bill 2003: emerging industry structure - E&Y
• Gas Pricing & Regulation - E&Y
• CRISIL
• Agriculture - CRISIL IBEF
• Cement: CRISIL IBEF
• India China Risks and returns in Asia’s BlockBuster Phrama Markets -
E&Y
• Infrastructure: India Opportunities - E&Y IBEF
• Redefining India telecom wireless Convergence - E&Y
• Translating India’s HydroCarbon Report - E&Y CAP
• Unveiling India’s Pharmaceutical - E&Y

KPMG

Industrial and Automotive Products - Manufacturing in India - KPMG

Price Waterhouse Cooper

Destination India - PWC

Evolution of BPO in India - PWC
Evolution of BPO in India - PWC
FMCG - PWC IBEF
Foreign Nationals Working in India - PWC
Global Integration through KPO - PWC CIII
India economic crime Survey 2005 - PWC
India Entertainment Industry-Exec Summary - PWC FICCI
Rising – Elephant: Benefits of modern trade to India economy - PWC CII

Goldman Sachs

Dreaming with BRICS: The Path to 2050 - Goldman Sachs

Instar MDR

India Rise of a mighty market - Instar MDR

AT Kearney
India rises to 2nd place in FDI attractiveness - AT Kearney 2005

Deutsch Bank

India Rising - Deutsch Bank

CII

Ten Tips from European Cos. In India - CII

IBEF Reports on Indian States

Andhra Pradesh
Chattisgarh
Chattisgarh
Chattisgarh
Gujarat
Haryana
Himachal Pradesh
Karnataka
Kerala
Maharashtra
Punjab
Tamil Nadu
West Bengal

• India Image: A Gateway to Government of India Official

Websites
• Directory of Government of India Ministries and Departments
• Directory of Central Government Ministries
• Economic Regulatory Authorities
• Regulatory Authorities, Associations and Councils
• Banks, Financial Institutions and Financial Services
• Economic News Bulletins/Newspapers/ Magazines
• Indian Trade Offices in the US
• Trade and Industry Associations

Economic Regulatory Authorities

Reserve Bank of India : www.rbi.org.in

Securities and Exchange Board of
www.sebi.gov.in
India :
Telecom Regulatory Authority of www.trai.gov.in
 India :
Central Electricity Regulatory
www.cercind.gov.in
Commission :
Company Law Board : www.clb.nic.in
Insurance Regulatory
www.irdaindia.org
Development Authority :
Forward Markets Commission : www.fmc.gov.in

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Regulatory Authorities, Associations and Councils

• Associated Chambers of Commerce And Industry

• Association of Mutual Funds In India
• Automobile Manufacturers Association of India
• Automotive Component Manufacturers Association of India
• Association of Basic Telecom Operators
• Alkali Manufacturers' Association of India
• All India Biotech Association
• All India Federation of Master Printers
• All India Food Preservers' Association
• All India Food Processors' Association
• All India Industrial Gases Manufacturers Association
• All India Rubber Industries Association
• All India Industrial Gases Manufacturers Association
• Automotive Tyre Manufacturers' Association
• Central Electricity Regulatory Commission
• Confederation of Indian Industry
• Cellular Operators Association of India
• Cement Manufacturers' Association
• Chemicals & Petrochemicals Manufacturers Association
• Electronic and Computer Software Export Promotion Council
• Engineering Export Promotional Council
• Electronic Components Industries Association
• Electronic and Computer Software Export Promotion Council
• Engineering Export Promotion Council
• Electric Lamp and Component Manufacturers' Association of India
• Express Industry Council of India
• Federation of Indian Export Organisations
• Federation of Hotel & Restaurant Association of India
• Hologram Manufacturers Association
• Hotel Association of India
• Indian Electrical & Electronics Manufacturers Association
• Indian Machine Tools India Manufacturers Association
• Indian Exporters Online
• Indian Electrical & Electronics Manufacturers' Association
• Indian Chemicals Manufacturers Association
 • Indian Confectionery Manufacturer's Association
• Indian Drug Manufacturers' Association
• Indian National Shipowners' Association
• Indian Printing Packaging and Allied Machinery Manufacturers
Association
• Indian Pump Manufacturers Association
• Indian Refractory Makers Association
• Indian Stainless Steel Development Association
• Indian Sugar Mills Association
• Indian Tea Association
• Industrial Diamond Association of India
• Internet Service Providers Association of India
• Loss Prevention Association of India
• Manufacturers Association of Information Technology
• National Association of Software & Service Companies
• Organisation of Pharmaceutical Producers of India
• Organisation of Plastics Processors of India
• Overseas Construction Council of India
• Polyurethane Association of India
• Powerloom Development & Export Promotion Council
• Refrigeration and Airconditioning Manufacturers Association
• Society of Indian Automobile Manufacturers
• Software Technology parks of India
• Soyabean Processors Association of India
• Telecom Regulatory Authority of India
• Telecom Manufacturer's Association (TEMA)
• The Cellular Operator's Association of India
• Telecom Cables Development Association
• Telecom Equipment Manufacturers Association of India
• Textile Machinery Manufacturers' Association (India)
• The All India Plastics Manufacturers' Association
• The Compound Livestock Feed Manufacturers' Association of India
• The Fertiliser Association of India
• The Institute of Indian Foundrymen
• The Solvent Extractors' Association of India
• Tool and Gauge Manufacturers Association

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Banks, Financial Institutions and Financial Services

• ABN Amro Bank

• Abu Dhabi Commercial bank
• Bank of Baroda
• Bank of Madura
• Bank of India
• Bank of Maharashtra
• Bank of Punjab
• Corporation of India
• Credit Rating Information Services of India Ltd.
• Corporation Bank
• Canara Bank
• Central Bank of India
• Corporation Bank
• Dena Bank
• Development Credit Bank Ltd. India
• Dhanlakshmi Bank
• Export Import Bank of India
• Federal Bank Ltd.
• First Leasing Company of India
• Global Trust Bank
• Guardian Sahakara Bank Niyamita
• HDFC Bank
• Industrial Credit and Investment
• ICICI Bank
• Indian Overseas Bank
• Industrial financial Corporation of India
• IDBI Bank
• Indian Bank
• Indusind Bank Ltd.
• Industrial Development Bank of India
• Jammu & Kashmir Bank Ltd.
• LIC Housing Finance Ltd.
• Lakshmi Vilas Bank
• Mall Industries Development Bank of India
• Mandvi Cooperative Bank Ltd.
• National Bank for Agriculture and Rural Development (NABARD)
• Nedungadi Bank Ltd.
• Oriental Bank of Commerce
• Punjab and Maharashtra Co-op Bank Ltd.
• Punjab National Bank
• Punjab & Sind Bank
• Resident Mission
• Reserve Bank of India
• Syndicate Bank
• Securities and Exchange Board of India
• State Bank of India
• Small Industries Development Bank of India
• South Indian Bank Ltd.
• State Bank of Mysore
• State Bank of Saurashtra
• State Bank of Travancore
• Times Bank
• Uco Bank
• Union Bank of India
• UTI Bank
• Vysya Bank

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