Press Release (ePRNews.com) - SINGAPORE - Oct 24, 2016 - India is one of the fastest growing economies in the world with lots of market potential for investors. However, setting up a business in India is a lengthy and complicated process with difficulties mainly faced by investors when doing paperwork for government institutions and licensing requirements. The Indian government is currently working on launching the ‘One India’ concept, which is set to be the most extensive all-inclusive initiative to ease doing business in India. This concept will provide an online portal where investors just need to fill one form to satisfy all statutory requirements for setting up business and is aimed at luring huge investments into the country.
“We are working on what could be the world’s best single window clearance mechanism with an in-built information wizard that will help investors with the application processes,” a senior government official said. “(In this regard), we have just begun talks with the states, and will soon hold discussions with the private sector and users of government services,” the official added. (source – The Hindu (http://www.thehindu.com/business/Economy/one-india-concep…))
The World Bank index currently ranks India negatively at 130 out of 189 economies in the ease of doing business. Through the ‘One India’ initiative, the government of India plans to implement reforms by simplifying the process of company registration, cutting costs incurred by investors and providing a transparent platform in order to ensure that India is promoted to one of the top 50 economies on the doing business index by World Bank. This concept will offer services which will include business registration, licensing, Business Identification Number registration and company deregistration. Investors will also have the option of altering their initial plans during registration if the business owner decides to move the setup to a different location where there are more/better business opportunities.
India therefore has the full potential to provide unrivalled business opportunities in Asia once the reforms are implemented. Healy Consultants Group PLC will continue to provide our Clients all the support they require when setting up business in India, and by so doing reduce the setup burden on the investor.
About Healy Consultants
For over a decade, the incorporation experts at Healy Consultants Pte Ltd., with their branch in India, have been assisting investors worldwide to set up the optimum corporate structure for doing business in the country. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.
To inquire more about India company setup options and schedule a conference call, email us at email@healyconsultants or call us on +65 6735 0120.