India is one of the fastest growing economies in the world with a steady 9% growth rate. The need for products and services is at high demand due to the growing middle class, making it a great time to enter or expand into the Indian market.
That’s why the New Hampshire International Trade Resource Center (ITRC), in partnership with Southern New Hampshire University, is offering a seminar, “Doing Business in India,” on Tuesday, November 16th from 9am to 12pm at its headquarters at 172 Pembroke Road in Concord.
“This is an opportunity for companies to gain an edge over the competition by learning ways to negotiate and create successful partnerships, while the economic relationship between the U.S. and India is growing,” according to ITRC International Training Manager Ellie White. “The seminar will include background on Indian culture and history, a look at India’s future, strategic and practical considerations of doing business in India, as well as industry trends.”
According to White, the fastest growing industries in India include aerospace and defense, airport and ground handling, computers and peripherals, education services, electric power and transmission equipment, food processing, medical equipment, mining and mineral processing equipment, oil and gas field machinery, pollution control equipment, retail and franchising, telecommunications equipment, textiles, machinery and water.
Speakers will include Atul Sheth, president of Global Service Resources, LLC, and Chetan Chaudhari, vice president of the India Association of New Hampshire, an organization founded in 1989 to serve the needs of New Hampshire’s Indian community. A native of India, Atul Sheth has assisted a number of leading U.S. companies in creating successful partnerships with Indian businesses; and he can offer valuable insights into both the U.S. and Indian business cultures.
The cost for the seminar is $35 per person, including breakfast. Register online at http://exportnh.org/calendar/registration.aspx. For questions, contact Ellie White at 603-271-8444 or ellie.white@dred.state.nh.us.
Both large and small U.S. firms find India a lucrative market, especially for in the following sectors – aerospace and defense, airport and ground handling, computer technology, education services, electric power and transmission equipment, food processing, medical equipment, telecom equipment, retail and franchising, textile machinery, pollution control equipment and mining equipment. India’s GDP, growing at 6.7% (for 2008-09), makes it one of the fastest growing economies in the world and the second fastest in Asia. India has potential for a sustained growth of 8-10% for the next couple of years.