The government has been making radical changes to create a more business friendly environment. There is now a uniform tax regime (GST) across all 29 states of India, and introducing an affordable housing programme with additional tax breaks.
“We are looking to use India as a source, not just to make great product but also to make manufacturing equipment that we will use to produce our products in other countries.”
– Mr Jeff White President – India & SAARC, Cisco Systems
“We are enormously excited about India and its long-term growth potential, which is one of the reasons why we made it into a separate division.”
– Mr Daniel P Myers Executive Vice President (global integrated supply chain), Mondelez International
“Our long-term growth story in India is intact… Since 2008, we have more than doubled our sales in India. I believe the global megatrends mobility, urbanisation, water and agriculture will be the drivers for growth”
– Mr David Novak CEO, YUM! Brands
“It’s an important country. The level of absorption of smartphone is moving significantly. You have the biggest middle class in the world with about 150 million people”