Start a Business in India

India is a land of infinite opportunities and to establish a new business where there are ample opportunities to grow, it can reap great benefits for both, the business and the economy at large. Though to start a new business in India appears like a challenging task, if backed by proper methods and well planned strategies it can turn out to be an easy task. Even for a start up if it is very necessary to apply a well planned strategies.

What are the businesses that can be started in India?

As said earlier, India is a land of opportunities, all you need to have is a vision and ideas. In India, you can start an IT related businesses, Food businesses, Trading businesses, Manufacturing, Agricultural business, Pharmaceutical business, E-commerce business, Gruh Udhyog etc. A business in India can be product based business or service based business.

Moreover, there are various platforms to be an entrepreneur in India as below:

• Private Limited Company,
• Public Limited Company,
• Limited Liability Partnership,
• One Person Company ,
• Sole Proprietorship Firm,
• Partnership Firm

If a foreign person wishes to start a business in India then he may register his business as an Indian Subsidiary and it would be a good move why? Well, while other countries focused on cheap, high volume commodity production, India has always focused on quality products. Also India has seen high growth in the services sector. Hence it would be advisable for foreign Investors to open an Indian Subsidiary in India.

However answer for “How to start a business in India?” remains the same. So, let us have a look at the process for starting a business.

Flow chart of Business registration in India 

With many entities looking to set up business in India, there are a few things to consider when you’re going for registering your business in India. With that in mind, we’re happy to present a few fundamental steps that are necessary for registering any business in India. Below is the list of documents required to for starting a business in India.

Documents required to start a business in India

Startup India Registration

Now if you are a startup, then you might require some more registrations and licenses, what are they? Let us have a look at the whole list of Registrations and Licenses required for registering a business as a startup in India.

Conclusion

The Government of India’s make in India program, Policies of Ease of Doing Business, Large labour pool has certainly opened up the country’s long stagnating domestic manufacturing sector not only to the local investors but for the investors around the globe. There is a vast number of types of business that can be done in India successfully. Recently there has been a trend for businesses that can be run successfully via infinite digital & online platforms and the government has also supported this by digitizing the methods of registering a business in India.

Suggested Read: Why would it be good move to start a business in India?