Google

ASEANAFFAIRS
Sign up | Log in
Subscribe to AseanAffairs Magazine
BRAVE NEW PHILIPPINES
View Samples
AseanAffairs Magazine July - August 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • ASEAN TALK
ASEAN AVIATION • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • INDIA IN SPOTLIGHT

New Philippines President Benigno “Noynoy” Aquino wins in a landslide election and promises to end poverty and fight corruption.

COVER STORY  Read More...

Testimonials – What our Readers are saying about us
Read the full story.  Subscribe now!

                                                                 GROW YOUR BUSINESS IN INDIA

Delta Electronics (Thailand) Public Co., Ltd. 909 Soi 9 Bangpoo Industrial Estate Moung Samutprakarn, Thailand

>>In India, all the old and new regulations remain on the books, so the enforcement officer ‘can choose which regulations he wants to enforce.’ The central government has more power now, but change of every type, including the social and cultural, would come slowly. Our revenue in LCD production was up in India last year, but minus that, the company would have experienced negative growth.<<

returning to India took home LCD television sets purchased in Thailand. When questioned about this, the tourists said that even after the duties they paid, the TVs were still cheaper than those sold in India.

However, India, does have its drawbacks and these began to surface in Anusorn’s interview during the LCD story. He noted that the Indian companies that supplied parts for the LCDs were taxed heavily on these parts, although the finished export product was not taxed. He met with Indian Commerce Minister Anand Sharma in 2009 and told him that “India would never be a major exporter, unless this indirect method of taxation,” was addressed.

The regulatory structure of India also is difficult, Anusorn said. In the United States and the EU, when new regulations are adopted, the old regulations are removed. But in India, all the old and new regulations remain on the books, so the enforcement officer “can choose which regulations he wants to enforce,” according to Anusor

Other issues that vexed the Delta executive are cultural issues such as corruption embodied as “tea money”, male versus female issues and unique Indian problems such as the theft of electricity from the grid and keeping cattle and other livestock off the roadways.........


<<  Previous                             Next  >>

Back to Top

 

...to Read the Complete Article Subscribe to ASEANAFFAIRS Magazine

BUSINESS LEADERS FORUM : Globalizing ASEAN
Companies and Building World-Class ASEAN Companies

Home | About Us | Contact Us | Special | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy


Version 5.0


advertisement


Copyright © 2007-2011 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com