Overseas Indians are valuable members of the communities in which they reside, and by their hard work have brought high brand equity to India. While individuals have achieved outstanding positions of eminence in all walks of life, ordinary overseas Indians too have contributed significantly to nation-building in their adopted homelands.

 

According to Chandrajit Banerjee, Director General of the Confederation of Indian Industry, with each passing year the importance of the PBD as a forum has increased. Indeed, the PBD provides a platform where people of Indian origin not only try to know more about India but also what the Indian community is doing in their own country. “By participating in the PBD, delegates get first-hand knowledge about India’s economy and the opportunities available here,” said Mr Banerjee. Further, Mr Banerjee also stated that for the first time, the Jaipur PBD 2012 brought together a large number of persons who wanted to know how Rajasthan has become a big hub for solar energy.

 

Overseas Indians contribute to the Indian economy in many different ways. India receives remittances worth $50 billion annually, the highest in the world, which help Indian communities. Overseas Indians also assist Indian companies in their businesses outside India and are often managing Indian operations of multinational companies. However, they can leverage India's rapid growth by making more investments in India.

 

Lessons leant from the many past family disputes, is leading to many family businesses structure their personal and business assets in a manner which helps in better succession planning minimizing future disputes whilst creating enough opportunities to grow, raise money and create value. Questions are many, should the businesses be held through a trust, company, partnership firm, LLPS. Where should these entities be registered, where should the group IPs and brands be housed- in operating companies or separate companies, what should be the ideal structure - should we have holding companies, trading companies or IPR companies, should these companies be bucketed together or separately and many more strategic issues. Further, the recently introduced LLP provisions and the recent amendment to the FDI norms permitting foreign investment in LLPS provides a opportunity worth exploring for doing businesses through LLPS ring fencing liability whilst better planning taxes. Without doubt, setting up a completely new set up for family businesses or LLPS is relatively easy, transitioning an existing structure into a desired structure/ LLPs has a plethora of tax, commercial and regulatory consideration. This session will explore the possible structuring opportunities and the key challenges to be addressed in this exciting area.

 

76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.