How to Start a New Business in Information Technology in India
India's information technology (IT) sector is booming. Due to the low labor costs as well as infrastructure that is geared toward IT, investors are increasingly realizing the potential benefits of starting an IT business in India. Despite the high degree of competitiveness in the Indian economy, as well as the bureaucratic obstacles, a new business start up in India is an ever more attractive option.
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Instructions
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Conduct thorough market research on the IT sector. Due to the low costs of business start ups in India, the market in any sector can be extremely competitive. The American Chamber of Commerce in India as well as private market consultants can assist you in conducting any relevant market research.
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Register your business with the appropriate government authorities. There are many private agencies that specialize in helping you overcome the bureaucratic hurdles associated with business start ups. These agencies will help you with incorporating your company as well as registering your company's trademark. Business registration is carried out at the local Ministry of Corporate Affairs in the area of your company's location.
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Obtain a location in an area that is specialized for IT companies. The quality of infrastructure varies region by region, and it is critical that a company involved in IT have access to stable electricity and high speed Internet. Cities such as Bangalore and Mumbai are India's "silicon valleys", i.e. industrial zones that are geared especially for companies involved in IT.
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Hire manpower for your new company. If you choose to locate your company in one India's "silicon valleys", you will have access to a highly educated and highly trained work-force, which will save you the costs of training new employees. When starting any new company, however, it is important that you hire employees with a proven track record as the success of a new business relies on the quality of its workers.
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Tips & Warnings
Anyone can open a business in India, however most non-Indian nationals will require a business visa. Check with the Indian Embassy in your country for entry requirements.
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