The Chamber
The ‘Indian Chamber of Commerce and Industry in Spain’ draws from the expertise of its founders, the lawyers Jai. Nanwani and Jorge Navarro, who have collaborated with each other since 2007 in matters pertaining to India and Spain.
The Chamber intends to be a bridge to facilitate business between India and Spain, serving as a focus and catalyst for Indian investments in our country; as well as the ideal vehicle to influence commercial policies and channel the concerns of the business community, providing an excellent platform for its registered members in order to identify business opportunities and address with full guarantees -and the necessary legal certainty- the complex Indian market.
Integrated, amongst others, by lawyers, economists and international consultants, proactive in providing solutions and developing their work at the highest level of professional credibility; in its offices in Barcelona and correspondent ones in Mumbai and New Delhi, and directed by the lawyers Jai. Nanwani and Jorge Navarro.
JORGE NAVARRO
Lawyer
JAI. NANWANI
Lawyer
OPPORTUNITIES
With a population of more than 1,350 million (about 240 million of which middle class), business opportunities are obvious for those companies that offer goods and services -as well as investments- destined to meet the growing demand for domestic consumption of India as all needs are yet to be created and virtually all markets are expanding.
But India also means something else for corporates: it is an unbeatable chance of the spirit of survival that is embedded in the national market for reasons derived from the rapid evolution of the market, strong competition and fiscal and labor burdens; a country to which we can transfer our technological advantages, taking advantage of the competitive advantages that it offers us in terms of personnel costs and specially production.
India however, is not a market for an opportunistic approach, with short-term objectives and hoping to obtain rapid benefits, and despite the fact that in 2018 the policy of the Indian government has raised that country to the 100th place in the Doing Business index (which the World Bank prepares annually), from the 130th position it occupied in 2017. India continues to be a complex country to conduct business; being necessary to approach the entry in a planned manner and with objectives in the medium and long term that is to say, with a progressive entrance into the market.
Thus, and except for specific cases, it is advisable to enter the market by way of a local distributor and as the peculiarities of the country and the sector are known, increase the stakes and investments. In any case, the precaution of having a clear and complete legal coverage in the face of the complex Indian bureaucracy is necessary in order to avoid misunderstandings among the partners. Having specialised legal advisors is therefore an essential element to take into account.