Export priorities 

 

India currently exports goods and services. Traditional exports are seen as sending goods overseas for sale or providing services to overseas customers.

India can build on its approach to Exports. Rather than looking to present products and services for sale, as typical “push” marketing, India has a unique opportunity to seek out opportunities to utilise Indian skills and industry capacity to: 

• Make products for overseas companies and markets  

• Provide competitive and professional services to overseas companies. 

The Export Marketing strategy can be focused on determining what parts of the global production or supply chains that need to be fulfilled, identifying the existing capabilities of Indian industry and companies then negotiating for delivery of the transformations. New opportunities for transformational activities will be found.

Many Services are typically provided on-line and India has excellent expertise in this area. India is in a unique position to offer many physical and transactional services too.

Transformational activities from raw materials processing to advanced manufacturing and distribution, packaging and delivery can all become expert services of India.

India’s governments can assist in this new prioritised Export model; supporting Indian small to medium enterprise, industry and the economy through an Export Marketing Tax Incentive (EMTI).

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R&D priorities 

 

India is said to be spending less than 1% of GDP on R&D. China, more than 3%. And China’s GDP is significantly greater.   

India can: 

• Develop international IP as products are developed in partnerships with clients and customers. 

• Utilise India’s high levels of technical and scientific skills to develop sophisticated technical and process methodologies.

• Become the “Trusted Expert Partner” in Intellectual Property rights, trademarks and patents. 

• Seek to be a key developer and commercialisation destination for global Research & Development. 

R&D Activities will form a central part of the economic development drive for India. 

• Working with a defined framework of R&D Project development to capture and leverage existing IP in a continual upgrade model.

•  Offering services for R&D – conducting projects and activities for international opportunities. This provides a valuable Business for India. India can utilise R&D projects, activities and management with applied product development skills.

• Providing quality production, for international customers with their IP protected (and enhanced) can provides more business for Indian scientific organisation, universities and developers. 

• Offering dynamic prototyping and flexible manufacturing.

India can establish a trusted regime of international IP management.