Which are the technological aspects that should be considered before choosing a business location outside India?

CS Executive · Setting Up of Business, Industrial and Labour Laws · PYQS · December 2024
Which are the technological aspects that should be considered before choosing a business location outside India?

Answer & Explanation:

Following are the Technological Aspects that should be considered before choosing a business location outside India: Intellectual property protection: create, maintain and extract IP at the location or provision thereof from on overall another location to the nation with free entry and egress. Power, communication, telecom — availability, quality and cost issues like infrastructure, geography, time zone, political considerations/conditions, safety of investments, economic policy and stability of the country, culture and language have a critical bearing on the strategy for globalization. Value systems and institutions are also becoming increasingly important from a long term perspective, in order to have the support of stakeholders. Ultimately, any chosen business strategy has to be executed within the parameters of legal and regulatory compliances. At the same time, it is necessary to factor in global tax costs and plan to the possible extent within the framework of law.

Topics: International Business

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