The Department of Industrial Policy and Promotion, Ministry of Commerce, has set up a joint venture company called 'Invest India' in partnership with FICCI and State Governments. The Company was formally launched by the Minister of Commerce and Industry on 23rd December 2009. The primary mandate of 'Invest India' is to promote foreign investment in a focused, comprehensive and structured manner. For further support and follow up, its website can be viewed at www.investindia.gov.in
Success stories in India
A Confederation of Indian Industry(CII), a premier industrial association of India, survey of foreign companies doing business in India to chart out the success of their operations in India echoed the following opinion:
• It was profitable doing business in India
• The investment policies were among the best in the world and conducive to attracting FDI
• The demand for their products was very good and they were increasing their production and production capacity
Ford India - Ford Motor Company made an investment of over US$ 350 million with the capacity to manufacture over 50,000 vehicles per annum for a joint venture company with Mahindra & Mahindra (M&M). Ford India has already exported over 28,000 CKDs various countries including Mexico and South Africa.
Daimler Chrysler India - The company has invested in India in manufacturing auto components and has recorded significant turnover of US$ 35 million in a period of one year by exporting the auto components.
Hyundai Motors India - Hyundai has sold over 350,000 cars in a record time of 50 months since commencement of commercial production and recorded a sales revenue of over US$ 714 million for the financial year 2002 registering a 13 per cent growth in revenues.
Samsung India- In a short span of six years since its entry into the Indian market Samsung has positioned itself as a leader in the high-tech consumer electronics and home appliances market in the country. Samsung India has set up an R&D Centre at NOIDA which serves as the regional R&D hub for India, Middle East and South East Asian region.
PEPSICO India – Pepsi since 1989 has made about half a billion US dollar from its 19 factories across India and is now doing a thriving business.
Coca Cola India- The Coca Cola have operations in India distributing its products through over 700,000 retail outlets. Coca Cola India directly employs over 7000 workers. Over the past nine years, the company has invested over US$ 827 million in India and over US$ 800 million in its bottling subsidiary.
Motorola India - Motorola, since 1991 has set up its software and pager manufacturing units in Bangalore and the latter unit has been changed into a cellular phone manufacturing facility now. India is now well-established as a source of software and chip design for Motorola globally with 2,000 software engineers.
GE Capital - GE Capital India, a wholly owned subsidiary of GE set up in 1993 is set to become one of GE’s largest service centres in the world providing back office services for a whole range of activities including credit cards, finance, etc. Its current strength is about 6000 employees and a hiring rate of about 400 new people every month. GE Capital India is currently doing business to the order of about US$ 1 billion per annum. GE Capital expects to double in size over the next 3 years.
P&O Ports - P&O (Peninsular & Oriental) Ports of Australia and Port of Singapore Authority International (PSA International) are among the largest investors in the port sector in India.
Jet Airways - Jet Airways started operations in May 1993 with a fleet of four aircrafts serving 12 destinations. By March 2002, it has grown to over 38 aircrafts flying to about 44 destinations and has over 245 daily flights. Jet Airways’ current market share stands at around 44 per cent of the country’s domestic passenger air traffic. The airline was awarded the prestigious Air Transport World Award 2001 for Market Development.
Rolls-Royce India - Rolls-Royce has been doing business in India for over 60 years with more than 1000 aero engines in service in the country.
Oracle India – Oracle started its Indian operations in August 1993 and today has a number of software development facilities in India with over 600 people. Oracle India has achieved a growth rate of about 40 percent since its inception and has a market share in excess of 50 percent in the Random Database Management System (RDMS) segment. Oracle sells more call-centre software in India than the rest of Asia Pacific combined.
Star TV - STAR TV invested US$ 80 million in building up its Indian operation and has been growing at 40-50 per cent per annum for the last 3 years. Star TV India is valued at over US$ 2 billion by Communications Equity Associates, an American investment bank, and rated as the most valuable and profitable investment of Star TV group in all of Asia. Its channels cover 300 million people in 53 countries in Asia and the Middle East.
Marks and Spencer - Marks and Spencer, the UK based global retail major, has entered India in a big way. The objective is to participate in the growing retail business as the Indian retail sector witnesses significant changes.
Argyle Diamonds - Argyle Diamonds, the world’s single biggest producer, with 40 million carats started India operations in 1994. India is the largest processor of diamonds, with over 70% of the world trade in diamonds being cut & polished in the country.
Max Healthcare - Max healthcare, an alliance between Harvard Medical International and Max India is providing world-class healthcare by creating an institution committed to the highest standards of medical and service excellence, patient care, scientific knowledge and medical education.
The first and second-generation reforms have created a conducive environment for foreign investments in India. Market oriented policies are boosting economic activity, all round development and GDP growth rate. Government procedures are constantly being simplified and paper work minimized. As the Indian economy gears for competition in the international market, overseas investors clearly see the potential for attractive returns from investments in India, which is also evident from the many FDI success stories already achieved.