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Indian trade possibilities boggle the mind

This country of 1.1 billion people, second only to China in population, living in a space less than 40 percent the size of the U.S. land mass, is clearly a place of vast contrasts.

As I am still in the middle of an Illinois trade mission, this column will focus on some key facts about India, whereas the next one will focus on impressions, some of the people......

Full article >>> yland); many states have actually cut back or eliminated these offices. At least two of the trade offices date back over 20 years (Japan and Hong Kong), so even 20 years ago there was some forward-thinking about the role a state could directly play in international commerce. Illinois today has over 6,400 foreign companies residing in its boundaries.

Astute trade

But the op......

Full article >>> companies and banks operating in Illinois, including the well-known Tata Group. Chicago has the third largest Indian population in the U.S., which surpasses 150,000 persons.

It is expected that with the new Illinois Trade Office in India, trade will now further increase. American Airlines now offers daily direct flights bet......

Full article >>> to four acres (a really large farm is 30 to 50 acres). Contrast that to the typical Illinois farmer, who will have from several hundred to perhaps a few thousand acres. This farming fragmentation makes it quite difficult to implement strategic reform in this sector and improve productivity. It is estimated that 60 percent of India's labor force is engaged in low-productivity farming.


Full article >>> han in any other country outside of the U.S.

Although the concept of patents was introduced in 1974 and revamped in 1999, it wasn't until 2005 when serious efforts to reform intellectual property rights in India were really implemented. Even so, India will take a 10-year process, and some U.S. companies are standing on the sidelines with their new products, waiting to see the impact, as I......

Full article >>> om a major Big Pharma company may cost $1 billion to develop, an Indian company could probably develop it for one-tenth of this number.

While the local Indian pharma market is growing and the larger Indian pharma companies are globalizing, another source of growth is the outsourcing business in India, which is focused on two key areas: contract research (preclinical and clinical developme......

Full article >>> nd another eight or nine are in the works. The same day of our visit, a group from Germany was also making the rounds.

In my next article, I will share some of my personal observations about this fascinating country, as well as details on different sectors of Indian commerce and government.

See you soon!

Previous articles by Michael Rosen By Michael Rosen 03/26/07

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