The notion of globalisation is not under threat as a result of Britain’s vote to leave the European Union, writes a senior academic.

A day after the crucial Brexit Vote, it seemed the world had opened its eyes to a new world. An island within Europe had willingly decided to split from the European Union (EU) forever. Soon after, while there was opposition and emotional outcry by people who were not observant of current realities. Brexit isn’t as surprising as it seems in the first instance. Change has always been coming and so it will continue, for good or bad. The only way to be successful, for every individual, business or country, is to evolve and adapt to new realities.

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The Goods & Services Tax (GST) is one of the most significant reforms in post-independence India which has rightly garnered interest of businesses across the nation. Here a tech enthusiast highlights why digitisation is the key.

For decades, India has been thriving on a ‘red tape’ culture. India as a trade economy has been functioning on high import tariffs, excises and turnover tax on goods and services having enormous cascading effects, leading to a distorted structure of production, consumption and exports.

Gujarat has forever been the land of brave entrepreneurs and industry friendly policies have led to the proliferation of many successful micro, small and medium enterprises (MSMEs).

Fifty-two-year-old Kishore Patel of Ankleshwar based printing and packaging firm Techno Packaging credits his success to the business friendly and technology savvy nature of his state Gujarat. Patel started out from a small godown (warehouse) in 1998 supplying cartons and labeling equipment to local industries in the vicinity. His familiarity with computers and an inherent urge to expand the business matched other similar entrepreneurs around and he quickly graduated to more sophisticated offset colour printing, scanning and visualisers. As businesses grew big feeding on the state’s industry friendly policies, so did Patel.

As Gujarat races ahead in its growth story, there is a strong crop of young professionals and entrepreneurs propelling this journey. ‘India Investment Journal’ profiles a few of these next generation high-achievers.

Munjal M. Jaykrishna

Munjal is Joint Managing Director, AksharChem (India) Ltd, a manufacturer of Dye Intermediates (Vinyl Sulphone) and Pigments (CPC Green). Apart from being the largest exporter of Vinyl Sulphone in India with over 45 per cent share in exports, AksharChem also claims dominance in the export of CPC Green.

Under his stewardship, the company counts itself among the largest players in the field, with a global market share of 10 per cent.

“Our products have varying end user applications in Textile, Paint, Ink, Plastic, Rubber and Leather industry,” he explains.

The firm’s manufacturing facility is strategically located in the chemical belt of Gujarat, at Mehsana.

An Indian visa strategist demystifies some of the jargon that is often associated with very simple travel procedures for the country and analyses how the e-visa is changing the landscape for business travel to India.

When one hears the words Indian visas, one usually has images of nightmare queues and waking up at ridiculous hours of the morning to trek to the Indian mission. Well, with the advent of an online visa (the so called e-Tourist Visa (e-TV for short)), let’s examine the impact these changes have had on the business traveller to India.

Ramesh Abhishek, Secretary, Department of Investment Policy and Promotion (DIPP), took time out of his punishing schedule to meet ‘India Investment Journal’ to speak about, among other things, how his department is easing rules and re-engineering government processes to make India an easier place to do business in.

The impact of the Indian government’s move to decommission some high value notes from circulation will fully pan out in the New Year.

The 50-day window sought by Prime Minister Narendra Modi for completing the demonetisation of high value Rs 1,000 and Rs 500 notes is now over but the jury is still out on the impact of the move that is, arguably, the most daring, and far reaching, economic reform ever undertaken by any Indian government.