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india forign trade
NMIMS Global Access
School for
Continuing Education (NGA-SCE)
1. One of the well-established private Indian company
decides to go for geographical expansion, they go for expansion through
entering foreign market/s (Exports) however; they will do complete risk
analysis of the target market, what are these essential risk analysis need to
be done and why?
Answer:
Globalisation has impacted international marketing in a big way. Globalisation
of markets refers to the gradual integration and growing interdependence of
national economies. Globalisation allows firms to view the world as an
integrated marketplace, and this has reduced the cost and nature of operations
of international firms. Globalisation has intensified the competition, raising
the global standards of quality. It has also increased the demands for advanced
technology and innovation along with the value of customer satisfaction.
Companies often resort to expansions
into the international markets when the domestic markets get saturated. This is
more relevant for companies producing specific products with high technological
intensity such as aircraft,
2. Export Promotion Councils set-up by Ministry of Commerce,
government of India are very beneficial to MSME , explain how many different
EPC’s are there and pick any one EPC’s from any one segment, explain how they
function and how they help the MSME’s
Answer:
Exports are vital to a developing economy as the capacity to import is limited
by the capacity to export because finally imports have to be paid for by
exports. The growing industrialization of a developing country necessitates
increasing imports because of high income elasticity of demand for imports and
the increasing demand associated with industrialization and it is in this
context that economic growth becomes dependent on the rate at which exports can
be expanded.
Export Promotion Councils
In India there are 19 Export
Promotion Councils managing the following products: Apparels; Basic Chemicals;
Pharmaceuticals and Cosmetics Chemicals and Allied Products; Carpet; Cashew;
Cotton Textiles; Electronics and Computer Software; Engineering; Gems and
Jewellery; Handicrafts; Handlooms; Leather
3. Well-established Indian Biotech manufacturing company
engaged in manufacturing of Human healthcare biotech products and Biotech based
Agro products:
a. What are your recommendations to this company prior to
entering overseas market with their biotech products for human?
b. Work out a market entry strategy for overseas market for
their Biotech based Agro products.
Answer:
a) The legal and regulatory environment is the result of a particular political
system. It plays a pivotal role in the growth of a country’s economy. This
environment provides a framework that enables the development of sustainable
markets, facilitates monitoring and enforcement of rules and ensures investor
protection.
Every country has its own legal
forms of organizations to deal with business. The internationally active
companies find themselves in a situation where they have to conform to more
than one legal system. Although this is complex enough, the difficulty of
determining which laws apply in different cases adds further to an already
complex environment. There are specific legal requirements covering certain
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fully solved assignments by professionals
Do send your query at :
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