India

 

Official Name - Republic of India
Capital City - New Delhi
Type of Government - Federal Republic
Currency - Rupee (Rs.) - (INR)
Fiscal Year - 1 April - 31 March
Official Language(s) - Hindi, English, and 21 other languages
Local Time - GMT +5:30
International Dialling Code - +91
Internet Domain - .in
Major Cities - Mumbai, Chennai, Kolkata, Hyderabad, Bangalore, Chandigarh
Major Industries - Textiles, Jute, Chemicals, Food Processing, Steel, Cement, Mining, Petroleum, Software, Agriculture, Leather/Leather Products, Paper and Paper Products, Handicrafts, Apparel & Textiles, Plastic and Plastic Products, Chemicals, Engineering Goods, Gems and Jewellery
Major Trading Partners - US, EU, Russia, Japan, China, Germany, Belgium, Hong Kong
Free Trade Zone - Kandla free trade zone, Santa Cruz Electronics Export processing zone, Falta Export processing Zone, Madras export processing zone, Cochin Export Processing zone, Noida Export Processing zone

Economic Overview

  • Mixed economy, both capitalist market economy and socialist command economy.
  • Fourth largest economy in the world in terms of purchasing power parity.
  • Regulated private sector and public sector controlled completely by the government.
  • Diverse economy: traditional village farming, modern agriculture, handicrafts, wide range of modern industries, multitude of services.
  • 3/5th of the work force is in agriculture.
  • Since 1990, the market has been opened gradually by reducing government controls on foreign trade and investment.
  • Development and growth in exporting software services.

Contacts of Trade Ministries/ Associations

Confederation of Indian Industry (CII)
Associated Chambers Of Commerce & Industry Of India
All-India Association Of Industries (AIAI)
CII Mantosh Sondhi Centre
23, Institutional Area,
Lodhi Road, New Delhi 110 003
Tel.: +(91)-(11)-24629994
Fax: +(91)-(11)-24621649/
24633168/ 2460198
E-mail: ciico@ciionline.org
Website: www.ciionline.org

147B, Gautam Nagar
Gulmohar Enclave
New Delhi-110 049
Tel.: +(91)-(11)-26512477-79
Fax: +(91)-(11)-26512154
E-mail: assocham@sansad.nic.in
Website: www.assocham.org

106, Uttam House
P.D'Mello Road, Carnac Bunder
Mumbai - 400 009
Tel.: +(91)-(22)-23412632/ 23412643/
25645305/ 25645306
Fax: +(91)-(22)-23415685/ 23451662
E-mail: info@aiaionline.org
Website: www.aiaionline.org

Mumbai Chamber Of Commerce & Industry
Engineering Export Promotion Council (EEPC)
Federation Of Indian Chambers Of Commerce & Industry (FICCI)
Mackinnon Mackenzie Building
Ballard Estate
Shoorji Vallabhdas Road
Mumbai - 400 001
Tel.: +(91)-(22)-222614681-84
Fax: +(91)-(22)-22621213
E-mail: bcci@bombaychamber.com

World Trade Centre (3rd Floor)
14/1B, Ezra Street
Calcutta - 700 001
Tel.: +(91)-(33)-22350442/3/4
Fax: +(91)-(33)-22215658
E-mail: eepcho@giascl01.vsnl.net.in
Website: www.eepc.gov.in

Federation House
Tansen Marg, New Delhi-110001
Tel.: +(91)-(11)-23738760-70
(11 Lines)
Fax: +(91)-(11)-23320714/ 23721504
E-Mail: ficci@ficci.com
Website: www.ficci.com

Federation Of Indian Export Organisations (FIEO)
India Trade Promotion Organisation (ITPO)
Indian Merchants' Chamber
PHD House (3rd Floor)
Opp. Asian Games Village
New Delhi 110 016
Tel.: +(91)-(11)-26851310/ 12/ 14/ 15
Fax: +(91)-(11)-26863087/ 26967859
E-mail: fieo@nda.vsnl.net.in

Pragati Bhavan, Pragati Maidan
New Delhi 110 001
Tel.: +(91)-(11)-23371540
Fax: +(91)-(11)-23378142
E-mail: itpo@nda.vsnl.net.in
Website:
www.indiatradepromotion.org

Indian Merchants Chamber Marg
Churchgate, Mumbai - 400 020
Tel.: +(91)-(22)-2046633
Fax: +(91)-(22)-2048508/ 2838281
E-mail: imc@imcnet.org
Website: www.imcnet.org

Ministry of Commerce and Industry
Directorate General of Foreign Trade
Udyog Bhawan
New Delhi 110011
Tel.: +(91)-(11)-23061222
Fax: +(91)-(11)-23062626
Website: www.dipp.nic.in
Udyog Bhawan, H-Wing
Gate No.2, Maulana Azad Road
New Delhi -110011
Tel.: +(91)-(11)-23061562
Fax: +(91)-(11)-23062225
E-mail: dgft@ub.nic.in
Website: www.dgft.delhi.nic.in

Business Visa Rules

  • Valid for one or more year with multiple entries.
  • A letter from sponsoring organization indicating nature of business, probable duration of stay, places and organizations to be visited incorporating there in a guarantee to meet maintenance expenses, etc. should accompany the application.
  • The duration of stay in India is only for a period of 6 months even though a valid visa may be for more than 6 months.
  • Visa is given for a period for which passport is valid.

Business Hours
Government Offices: Mondays to Fridays: 09.30 - 17:30.
Offices :    Mondays to Fridays: 09.30 - 17:30 (on Saturdays until 14:00).
Banks :     Mondays to Fridays 10:00 - 15:00 (on Saturdays until 13:00).
Stores :     Mondays to Saturdays 09:00 - 19:00.