Doing Business in India
The business booklet is a general guide for purpose of information only and business travelers should seek appropriate advice and exercise diligence before taking action on specific issues. The Embassy is not responsible for any decisions taken by business men based on the information given in this booklet. The list of companies/hotels/agencies etc. are mentioned in the booklet is only illustrative and do not in any way carry Embassy’s endorsement. Any suggestions/additions for improving the booklet are welcome and may kindly be sent to the Commercial Wing of the Embassy at the given contact address.
It gives me great pleasure that the Embassy of India, Prague, is bringing out the revised edition of “India and Czech Republic – Doing Business”. We have incorporated changes since the last edition came out in March, 2008. In a sense, the events have overtaken us as the two way trade have grown faster than we could have envisaged at the time. It has gone up fourfold in last four years. This indeed reflects dynamism of the economies of the two countries. Despite the global slow down, India’s growth rate is expected to be 7.2% in 2009. In 2010, this is expected to go up to 8.5%, and 9% next year.
When the first edition was brought out in 2004, we were hoping to attain an annual target of US$300 million. In 2009, the bilateral trade exceeded US$ 1,030 million. During our Commerce Minister visit to Czech Republic in September 2008, our Commerce Minister and the Czech Minister of Industry and Trade agreed that the target should be to double the bilateral trade in next three years.
As Czech Republic assumed the EU Presidency, India has also moved closer to the European Union. Our attempt is to bring together business sectors of both countries. We hope that this volume would contribute to this process.
Date: March, 2010
Ambassador of India
Download the Business Booklet 2010 (PDF 680kB)
List of Contents
- Message from Ambassador
- Fact Sheet on India and Czech Republic
- Economic Indicators
- Economic Profile and Investment Climate- India & Czech Republic
- Landmarks in Bilateral Trade and Economic Relations
- Bilateral Trade Figures
- Composition of bilateral imports/exports
- Current Bilateral Agreements
- List of official visits since 2000
- List of major Czech companies doing business in India
- India business in Czech Republic
- Embassy Addresses
- Useful information for business travelers
- Important web sites
- Trade Fairs
- Tourism/Shopping and VAT Refund
- Useful Phrase List- Hindi and Czech