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Wood-based panels aspects of India, India is a net importer of wood-based panels. Furniture and flooring industry is a major consumer of imported wood-based panels, MDF and particleboard consumption of more than 50% are imported. Plywood production is mainly the use of poplar wood and tropical timber imports in the north. India did not sign the medium term will become a major producer of plywood. Next we talk about ways to enter India. A foreign company to enter India to set up its business according to its entry strategy into India are two forms, one is in the form of foreign companies into India, one is in the form of Indian companies enter India. According to the company's Registration Act established liaison offices need to be reviewed and approved by the Reserve Bank of India, the limited role of liaison offices, allowing only information collected and embedded in the Indian market, Indian customers about the company's situation and products.
Another project offices of foreign companies plan to perform a special project in India, for this purpose can be temporarily set up a project office in India, if the above conditions are met, RBI will give a foreign company approved the establishment of such a project office. There is a branch office, he can engage in import and export, professional or consulting services, performed in line with the parent company of the content business research work between the parent company overseas group companies and Indian companies to promote technical and financial cooperation, In India, on behalf of the parent company or as import and export agent in India to provide IT services in India or in terms of the development of India's software to provide technical support to the parent company or the company's products, foreign aviation or shipping.
Overall life activities can not be carried out in the form of branch offices, but in the composite certain conditions, a foreign company may set up branches offices in the special economic zones to produce them. But in general it is not enough.India's form into India there are two, one is the wholly-owned subsidiaries, which is equivalent to a wholly-owned company, in accordance with our argument is wholly-owned companies, foreign investment accounted for a large shareholder. The company is considered a local company, and all applicable laws in India, even though the company is one hundred percent by all foreign companies, a company needs at least two shareholders. Another is a joint venture company, foreign investment accounted for a large share of the joint venture. There is another called strategic alliances.
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