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China and India will come to be economically dominant players on the world stage. Already, China is commonly referred to as "the world's manufacturing platform." India, meanwhile, has become a hot spot for high tech outsourcing, from software development and call centres to the digital transmission of medical images read by lower-paid Indian radiologists and beamed back to hospitals in Europe and the United States.

Although, the economy is ballooning in the world's two most populous countries, thanks to consumer spending, new foreign investment and fewer restrictions on markets. But the potential exporter may find big risks. Like:

IPR Infringement
Civil liability
Local Culture and Custom

Therefore, in China/India, SRK’s wide local client/supplier network (in conjunction with huge experience (over 20 years) of dealing with government organisations & other regulatory bodies) can assist overseas companies to:

Protect Intellectual Property Rights in China/India;
Avoid civil liabilities;
Avoid directly interacting with local bureaucrats and government organisation;
Conduct marketing at foreign soil;
Organise logistics at both foreign and domestic soils;

IPR Infringement:

Some Chinese and Indian companies, driven by short-term profitability needs (and in a pattern familiar from other countries at similar stages of rapid economic development), prefer to adopt a ‘shortcut’ route by launching products based (legally or illegally) on other people’s technology, rather than investing in the development of their own. In many cases this has resulted in immediate financial success, but it has also led to an increase in IPR disputes. The resulting long-term damage to corporate reputations affects not only small Chinese/Indian companies but also famous Chinese/Indian conglomerates.

Civil liability:

Accidents and disputes happen. Sometimes it is possible to minimise their consequences; sometimes it is not. That is what keeps litigation lawyers busy. China/India is like anywhere else in that respect, except that it is still developing mechanisms and laws for resolving disputes. In general, the laws and regulations are better established now to help the 'parties' in a dispute to reach a resolution. However, it remains the case that personal contacts - and guanxi - still play a major part in bringing disagreements to an early resolve.

Local Culture and Custom:

Anyone doing business in China/India over a significant period will have encountered or heard of corruption in one form or another. The traditional Chinese definition of ‘corruption’ may be different from what is understood according to Western standards. For example, the giving and receiving of expensive gifts was accepted as a friendly gesture in the past. Down through the dynasties in China/India’s 5,000-year history, individuals could ‘buy’ official positions from their bosses; the right to collect taxes could be bought and sold; and criminal punishments could sometimes be converted into monetary equivalents. These practices were deeply rooted and permeated every level of government at various times and places, even if officially condemned.

 

 
 
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