Tag Archives: India

10 Tips for doing business in India

At Party - Copy   I am about to travel to India later this month, and it occurred to me to share some tips on doing business in and with that country.

1. Business is conducted at a slow pace. Be prepared for a good deal of discussion, followed by a long wait for final decision
2. A handshake signals an agreement; but business contracts will be scrutinized and this can take weeks or months.
3. A direct ‘No’ is never possible; Indians will say many things that sound like ‘Yes’ but aren’t!
4. Phrase questions carefully, i.e. “Where does this road lead?” not “Does this road go to Mombai?” Indian responses can be ambiguous or they’ll tell you what they think you want to hear so as not to upset you.
5. Always budget for “commissions”; you will be expected to pay for any introductions or favours. These payments are the oil that greases the wheel.
6. Indians are often seen as the best negotiators; they’ll drive a hard bargain, and then drive it some more! Negotiating teams are led by management and supported by technical experts. High-level management make the decisions but they may not be represented on the team. Try to make contacts at the highest levels and provide incentives for middle managers and assistants to help make your case.
7. Relationships are important, along with good contacts for business. Building trust is vital.
8. A win/win approach is aimed at, though compromise is acceptable, but trust makes everyone flexible.
9. Don’t expect people to use their initiative and make things happen; strong fatalism and predestiny play a large part in people’s thinking
10. Don’t give criticism as Indians easily take offence; be sensitive to, and respectful of, the concept of Face. Harmony is extremely important.

Above all, remember that Indians are proud. They have their own way of doing things, and that may not be the same as yours. Stand alongside them rather than head to head and you’ll go much further.

I shall be posting more tips of this ind on http://www.phillipkhan-panni.com

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