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    Uttar Pradesh: Modern Business Hub
    Uttar Pradesh: Modern Business Hub
    Uttar Pradesh: Modern Business Hub
    Ebook93 pages1 hour

    Uttar Pradesh: Modern Business Hub

    By Paul McNamara

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    About this ebook

    The reality is that Uttar Pradesh is fast developing as a modern commercial hub but it still retains many of the hallmarks of a frontier market, which goes some way to explaining why it has not yet appeared on the radar screens of business analysts, investors, private equity houses and venture capital firms. Scouring the quality international business media for insights reveals fairly slim pickings. There is not a lot of depth of information to be had easily and this is the gap that the present volume hopes to fill: It is not the simplest of markets to enter, but that is why there are still plentiful business opportunities for hardy entrepreneurs and investors who are willing to blaze a trail and take full advantage of being one of the first movers: if it was easy to simply move in and make money, everyone would be doing it.

    LanguageEnglish
    PublisherPaul McNamara
    Release dateMar 17, 2015
    ISBN9781310139185
    Uttar Pradesh: Modern Business Hub
    Author

    Paul McNamara

    Paul McNamara is an editor and journalist with over 20 years’ experience. His career includes spells with the Financial Times, Euromoney, BRW Media, Asia-Inc, Private Equity & Hedge Funds Middle East and Banker Middle East. He has a specialization in Islamic finance, the Middle East banking and finance industry, GCC capital markets, wealth management and the world of interest rate securities.

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      Book preview

      Uttar Pradesh - Paul McNamara

      Uttar Pradesh: Modern Business Hub

      By Paul McNamara

      Copyright © 2015 by Paul McNamara

      All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other non-commercial uses permitted by copyright law.

      Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. Neither the publisher nor the author shall be liable for any damages arising herefrom.

      Published by

      Eaglemont Books

      www.eaglemontbooks.com

      Smashwords edition

      Eaglemont Books publishes books written specifically for finance and investment professionals as well as more general works for a broader audience. For a list of available titles, visit our website.

      Table of Contents

      Foreword. Fast forward the future

      Chapter 1. Unveiling possibilities

      Chapter 2. Shout to the top

      Chapter 3. The road rises to meet Uttar Pradesh

      Chapter 4. Foreign direct investment growth

      Chapter 5. Telecoms, IT and the way of the future

      Chapter 6. Solar technology shines bright

      Chapter 7. The food basket of the nation

      Chapter 8. Young people are the future

      Chapter 9. Food policy and the bureaucracy bogeyman

      Chapter 10. There’s no time like the present

      Chapter 11. Crime and the city solution

      Chapter 12. Empowerment as a two-edged sword

      Chapter 13. Tourism: A traveller’s tale

      Chapter 14. Easy city guide

      Chapter 15. Crushed by the wheels of industry

      Chapter 16. The need to grow the manufacturing base

      About the author

      Foreword. Fortune favours the brave

      What is the entrepreneur, business person or international investor meant to think of Uttar Pradesh as a modern business hub? It can be difficult to find a useful and unbiased view that could be used as the basis for a business plan or a well-informed decision. Is the state an up and coming player of tomorrow or is it still early days and only for foreign direct investment hardliners? This business guide is intended to fill in some of the blanks and help prospective business people form a fuller picture of what Uttar Pradesh has to offer.

      The reality is that Uttar Pradesh is fast developing as a modern commercial hub but it still retains many of the hallmarks of a frontier market, which goes some way to explaining why it has not yet appeared on the radar screens of business analysts, investors, private equity houses and venture capital firms. Scouring the quality international business media for insights reveals fairly slim pickings. There is not a lot of depth of information to be had easily and this is the gap that the present volume hopes to fill: It is not the simplest of markets to enter, but that is why there are still plentiful business opportunities for hardy entrepreneurs and investors who are willing to blaze a trail and take full advantage of being one of the first movers: if it was easy to simply move in and make money, everyone would be doing it.

      India as a whole has always been a study in contrasts as far as the outside observer is concerned. Only when a prospective business partner has witnessed the bureaucracy of the place first hand is it possible to grasp the reality of what doing business in India really means and what sacrifices have to be endured in order to guarantee success. It can be slow. It can be deliberate. It can be frustrating. And yes, it can be corrupt, but the playing field is fairly even for all of that and only the tenacious need bother trying. The same could be said about any frontier market of the past few hundred years and it is on this basis that some of the greatest companies ever build were first imagined.

      The rewards for getting it right in Uttar Pradesh can be immense both in terms of market share as well as in terms of sheer business growth but it is not for the faint hearted. As a nation, India is still grappling with a major overhang from the old colonial rule and its enduring impact on the educational system but there is none of the cultural cringe that is so evident on other post-colonial states and colonies. Indians are proud and rightly so. They have a country that is immensely rich in culture, tradition and manpower. Many of the smartest also seem to have been born with the entrepreneurial gene and have never been afraid to put it to very good use.

      The decades ahead will be about realising some of the potential locked away in Uttar Pradesh and ensuring that the Asian century does not pass this fascinating Indian state by. In this regard, Uttar Pradesh has more going for it than some other states and it has a long way to climb, coming as it does from a fairly low base. The will of the new administration seems to be there if the worst excesses of human nature can be tamed and the lawless image that the state has developed overseas can be turned on its head.

      The challenge is daunting indeed. But the most important thing of all will be perseverance and seeing the current growth initiatives through to the end and not being put off by adversity and setbacks.

      For the overseas observer trying to take the temperature of the business climate in the state, the daily headlines generated by both Uttar Pradesh media and national Indian media make for a chilling read and sound like something out of the dark ages. A swift search of daily news for a one week period in early February 2015 threw up the following headlines: ‘Another shame for Uttar Pradesh: Youth rapes minor girl’, ‘Woman gang-raped in Uttar Pradesh state roadways bus’, ‘Minor girl found dead

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