How to Enter Indian Market

India is a fast growing economy and attracting foreign firms despite certain uncertainties. Entering Indian market is a task that can be taken up through various ways. The ways have been listed below-

Through financial collaborations
Through joint ventures and technical collaborations
Through capital markets via Euro issues
Through private placements or preferential allotments

Actually setting up a base in India requires some steps that make the Indian Entry process a bit easy.
Partner Search is the foremost step while creating a joint venture or developing an agency/franchise relationship. The process calls for:

Searching a partner with the requisite skills to meet the objectives
Charting Memorandum of Understanding (MOU)
Confirming the joint venture/agency/franchise agreement

Government Sanctions
Well before setting up operations, several central and state governmental approvals are sought by The Reserve Bank of India (RBI) and Foreign Investment Promotion Board (FIPB). The project has to be registered with the Registrar of Companies (ROC).

At the time of creating a joint venture or subsidiary, the company is supposed to be incorporated and get hold of a certificate to start business. To set an office, registration ought to be done with the concerning regional ROC.

Other Approvals
As soon as the entry plan get nod from the Central Government and registered appropriately, several State clearances like building planning, land use, environmental clearance, power clearance, etc. have to be kept before finally starting the business.