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I tried starting a manufacturing unit in India (2020)

superr.in

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Re: I tried starting a manufacturing unit in India (2020)

#201

Earlier quoted context omitted.

Is smoking still allowed there indoors (in the airport)?

Not sure, I didn't notice. A lot of airports have a designated smoking room, but I think you're asking about smoking in general.

It's probably banned then since. A few years ago people were lighting up cigarettes in the lobby, which was very odd to me.

Re: I tried starting a manufacturing unit in India (2020)

#202

India's obsession with paperwork is unceasing and baffling. Everything requires an application, even when everything can be done digitally. You need letters and stamps to get anything done. Case in point: the "company stamps" that are required for everything you do with your business. From getting a debit card to changing the maturity instructions for a corporate deposit, you need to sign your name AND stamp it with…

I remember buying a train ticket in Goa. This involved showing the passport and filling out multiple forms. It was pretty crazy.

That reminds of a story about an Indian couple travelling Europe. SO, obviously, within the Schengen countries you do not need additional visas, something foreign to said couple. So, they crossed Eu border by train and ended up in another country. Confused over what to do next, they talked to the next police officer they found, because the couple was sure they couldn't just continue their journey without any further control. Explanations didn't work, so the easy solution was to use an official looking, but totally irrelevant, stamp to put on the back of their train tickets (in order to not cause confusion with the tickets or official passports). Source: I know the police officer in question.

Re: I tried starting a manufacturing unit in India (2020)

#203
post #194

Here's some interesting things that I believe are universally true in India: 1) People succeed here inspite of the government, not cause of it.* 2) Indians can be successful anywhere except India. *Unless you are rich enough to bend the laws to your needs.

and still it seems a lot of india fetishes socialism/commando economy USSR style. why?

[deleted]

Re: I tried starting a manufacturing unit in India (2020)

#204

India's obsession with paperwork is unceasing and baffling. Everything requires an application, even when everything can be done digitally. You need letters and stamps to get anything done. Case in point: the "company stamps" that are required for everything you do with your business. From getting a debit card to changing the maturity instructions for a corporate deposit, you need to sign your name AND stamp it with…

Reminds me of a surreal example[1] of Indian bureaucracy from Jim Rogers’ Adventure Capitalist : Rogers and his wife had left India's State of Manipur and were safely across the border in Myanmar. But wait, here comes an Indian official running after them, who says that they can't leave, because, they didn't have permission to be in Manipur. "He was telling us — I am not making this up — that we had to return to Mani…

India is the only place I ever travelled to, that controlled visas upon leaving the country. Like what, you are at the airport, behind security, with a ticket back to Germany in hand, with a German passport, and now they have doubts about the visas you got from the Indian consulate? What are they going to do, hold you up and send you back on a flight paid for by the Indian government or what? Really crazy.

Overall, kind of logic so, because how can you leave a place you didn't enter in the first place because you had no permit to enter it? Mind blowing!

Re: I tried starting a manufacturing unit in India (2020)

#205
post #91

Earlier quoted context omitted.

Here is Narayana Murthy, founder of Infosys, explaining the early days of Infosys :) https://www.youtube.com/watch?v=4IuqHUA2mQY

Also the father in law of the new UK prime minister...

This might be the worst thing I have heard in weeks.

Re: I tried starting a manufacturing unit in India (2020)

#206

Earlier quoted context omitted.

I came to the comments to warn exactly this, perhaps more emphatically. Do not set up a legal entity in India. It will become a never-ending void where money and time go to die. The bureaucracy is hilariously inept and bloated, and if you are not willing to pay the bribes or for some entity to navigate the systemic corruption on your behalf, you will end up in OP's situation. Source: hired many Indian developers in r…

Wondering—is it easier to buy an existing entity?

Possibly, if for no other reason than the existing entity has the right connections, knows how to navigate the framework, and knows who to bribe to make things happen.

Re: I tried starting a manufacturing unit in India (2020)

#207
post #147
post #134

Earlier quoted context omitted.

I would like to second this recommendation. We’ve been using remote.com and hiring internationally suddenly became very possible and we can’t be any more happy. Before this hiring internationally was a pure nightmare to the point that we simply didn’t accept international remote developers. Thanks Remote!

And how has that shell set-up been for your international team members? In my experience, it added just enough of a layer of obscuration to perpetuate a caste system, similar to how full time temps and vendors are currently treated in tech. US FTE employees had full HR support while Indian subcontractors had really poor HR/payroll/benefits resources from Remote. YMMV

As someone currently working on the employee side of a remote.com setup, it’s been great.

They have a much better understanding of my local laws, tax systems etc than the US-based HR and Payroll departments at companies I’ve worked for in the past.

Re: I tried starting a manufacturing unit in India (2020)

#208

~5 years ago, I hired three Indian developers. They asked me if we could set up an Indian legal entity, so that they could just get regular salaries in India with tax payments, deductions etc taken care of. I agreed and we got it done. One of the worst business-decisions of my life. The amount of red tape, stupid rules, corruption, signatures, stamps, showing up physically in a certain office etc etc... Mindblowing.…

Back when GST was introduced, they asked all exporters of software services to pay the 18% GST and then claim a refund because exports are exempted. This was before they introduced a process to apply for a "NOC" (which must be renewed periodically I think). So, I duly paid GST for the first couple of months. 5 years later, I'm yet to receive the refunds. First, they said that they were authorized to only sanction ref…

That sounds awful. Curious to hear if you were able to avoid GST payments in later years as should be the case for exports.

Re: I tried starting a manufacturing unit in India (2020)

#210

India's obsession with paperwork is unceasing and baffling. Everything requires an application, even when everything can be done digitally. You need letters and stamps to get anything done. Case in point: the "company stamps" that are required for everything you do with your business. From getting a debit card to changing the maturity instructions for a corporate deposit, you need to sign your name AND stamp it with…

I was in Tunisia at the airport in Tunis for a departing flight. Having already checked online, I tried going through security with my electronic boarding pass. The security told me I needed my boarding pass. I pointed again to the electronic copy as politely as I could. The security said “this is Tunisia, you need the paper copy.” XD

This happened to me in Mumbai several years ago. I had thankfully been forewarned, but there were military police checking boarding passes for entering passengers outside the airport, and no one without a paper boarding pass + appropriate government ID was allowed into the terminal. This was right up there with the "requirement" that business travelers in India provide a physical business card to the hotel when checking in. I haven't been a in few years, so hopefully that's at least no longer the case.
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