Question

Ou are the Business Development Manager of a branded spectacles manufacturer in Hong Kong. For making better investment decisions, the Board of Directors has asked you to conduct a research and submit a Business Plan to expand business into an Asian country. Our new potential market is India please conduct research of their political and legal system/Government intervention which is analyse the political environment of your selected country for justifying your country choice and/or planning the business operation. You may consider relevant factors like political/legal systems, country risk, stability, trade restrictions/barriers, tax/investment incentives, labour laws, free trade agreement, protection of intellectual property, etc.

Also, you must give reference to support your point.

Using 500 words to explain why i would like to operate the branded spectacles business in India.

Answer 1

Expanding the branded spectacles business into India can be a lucrative opportunity due to the favorable political and legal environment, potential market size, protection of intellectual property, and availability of skilled labor.

Step-by-step explanation:

Operating a branded spectacles business in India can be a strategic move due to several factors. First, India has a political and legal system that promotes foreign investments. The government has policies to support innovative companies and provide investment incentives. For example, they allow market forces to operate freely and participate in world markets. Additionally, India has signed free trade agreements, which can facilitate trade and reduce barriers.

Furthermore, India has a large and growing consumer base, offering significant market potential for the branded spectacles industry. The Indian government has also taken steps to protect intellectual property rights, which is crucial for a business that relies on branding and innovation. Lastly, India's abundant and inexpensive human capital can provide a skilled workforce for manufacturing and other operations.

Overall, expanding the branded spectacles business into India can be a lucrative opportunity due to the favorable political and legal environment, potential market size, protection of intellectual property, and availability of skilled labor.