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Comment by Beretta_Vexee

8 hours ago

To add to what has already been said:

- Business law is in its infancy and local courts excessively favour the Indian side. In the event of a dispute, enforcing the terms of the contract can be very complicated or even illusory.

- Banking and insurance services are complicated, slow and expensive.

- There is not one but many different sets of legislation per province. There are gaps in the legislation and it is necessary to go through a long compliance process based on the manufacturer's or supplier's legislation, involving translation, negotiation, etc.

- Each time there is a change in decision-makers, at least part of the process must be repeated.

I work for an energy company and we have a team that has been working on an Indian project for almost ten years, without the project really seeming to have progressed.

The Indian market is a bottomless pit if you don't have a very high-ranking political sponsor in the Indian government.