Global Compliance: India
October 2, 2008
Conducting business in India has obvious great allure for global corporations. As an exporter, companies are attracted to its consumer and industrial market potential (2nd largest population in the world). Global business interest in India, however, goes well beyond its market potential. India is also a source for intellectual capital and a relatively inexpensive educated labor force, nearly all of which speaks English. While India provides corporations with great opportunity (especially for outsourcing), it does not come without potential pitfalls. Companies must educate themselves on the potential hazards to avoid compliance issues and mitigate the risks.
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