American Business is in India big time.
Yes they are, Kumar, and most of them make sure the have Indian partners with lots of clout, who know how much and what kind of payoff is needed to the Politicians and Bureaucrats. Lets face it, Kumar, "Bakeesh" is a way of life in India. Court systems are all "Homer" to some degree, but the ones in India, etc, love to nail Foreigners. You get a better shake in American courts than anywhere else, IMO.
I had a company that built and installed cabinets in Southern California for 10 years, and a lot of people suggested I build them "over the border." I never did. Everybody I knew who went down there and did business got screwed, one way or the other.
It is tough enough for the small guy to do business in this country. Overseas is a "Big Boys" business, where you can take in local partners who know who to pay off, and it you go to court, can get a semi-fair deal. Even then, these "Peoples States", like the ones most of South America has had, may confiscate your Business.
If you want to read a picture of what happened to Foreign Businessmen when Iran had their revolution, Read "WhirlWind", by James Clavell |
