Google to Invest $1 Billion In India
A few days after in announced plans to set up a R&D Center in China, Google has now decided to invest up to $1 billion on a back office in Indian state of Andhra Pradesh, according to news reports. The proposed center, which the Indian government just approved, will likely be spread over a million square feet in what is called a ‘special economic zone’ in the southern state. Dell’s and Accenture’s investments were also given the go-ahead.
Google currently operates a development center in Bangalore. Google’s India office was responsible for coming up with Google Finance. About half a dozen technology companies have announced plans to invest a billion dollars or more in India
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Funny. A few minutes ago I was discussing with a friend who in the process of getting more finance for his US-based startup and gave him the idea …
He already has an office in India … it almost makes more sense to change the Incorporation so it becomes an Indian company with an office in the US … thats the best way to get funded right now!
Heh!
I’m taking a wild stab in the dark and assuming this is in Hyderabad.
I guess it would be Hyderabad. But it would be great if it is Visakhapatnam, the upcoming software center in Andhra.
Well, try incorporating a company in India! It will take at least ten days (if you have the right connections and are willing to bribe) or perhaps at least a month if you are a regular. Not everything you read about India is the truth; there’s a tonne of hype.
Whatever. I was about to write something about this but then read Gloria White’s comment…so true.
And I’m sick of hearing about how Google India came up with Google Finance. Great how about having someone at Google India come up with Google India Finance, focusing on the NSE, BSE, MCX and NCDEX.
mrj
Sorry Gloria. Your information is 100% FICTION.
Been there, done that (and I’ve done it successfully).
I didn’t see anything in your post citing personal experience.
Sure setting up a company in India still isn’t as easy as setting up an LLC in the US (using cookie-cutter law firm websites) … but c’mon … it’s gotten easy enough for anyone with a few thousand rupees (for registration fees, not bribes) to setup a basic partnership. Remember, it still takes work … it’s setting up a company we are talking about here, not a simple bank-account.
BTW, even the bank-account setup in India was easier than in the US (Citibank as well as HSBC)
So please stop spreading misinformation. I, atleast, have personal experience to speak for me.
From my personal experience, setting up a partnership firm in India is a no-brainer. All it takes is signing a partnership deed on a stamp paper. Setting up a private limited company takes longer. The really hard part is the name search. The ROC is very stringent about similar sounding names. Once you have the name secured, registering the company takes no time. And definitely no bribes involved.
There is actually a recent initiative to move the whole process online. Recently, as a showcase, somebody was able to register a company in 2 hours flat. Now try beating that!
What do you folks think of Apple which pulled out ? Do you think it will come back ? I think so especially after I heard from my insiders how Mr. Bach is workign on Zune :-)
Well, the usual cheerleaders of India are out…
Here’s a question. Try incorporating a company in the US, Canada or UK. Then try doing the same thing in India. Sorry, partnerships don’t count. I’m talking of real incorporation that involves dealing with zillion levels of Indian ‘babus’.
I don’t want to cite my personal experiences as that would involve naming names.
Show me one locale in India that lets you incorporate online and I’ll back off right now. You don’t generally need a lawyer to incorporate anywhere in the western world.
The tall claims of Ministry of Company Affiars(MVA.gov.in) to get everything done online is simply not true. Its frustrarting.
Kindly don’t expect same level of service from government sectors in India as in USA, it is Mission Impossible for the next decade as well.