In recent years, India has opened up its markets to the world through continuing landmark legal and regulatory reforms affecting almost every aspect of its economy, from business, finance and foreign investments to trade, manufacturing and intellectual property.
As a result of these reforms, the climate for investment in India has never been better. With consistent GDP growth, India's markets offer companies, financial institutions and funds wide-ranging opportunities for growth, development and investment.
Despite recent progress, however, India's rapidly changing business, legal and regulatory environment remains complex and presents unique challenges for market participants, particularly foreign investors. These challenges include market access barriers, limitations on the repatriation of invested capital, restrictions on offshore lending (even to wholly owned subsidiaries) and hard-to-navigate investment regulations, to name just a few. In order for businesses to succeed in this market, they will need to have a well-developed business strategy that takes into account the complex business, legal and regulatory environment and the diverse cultural nuances at play.
As a leading international law firm, Mayer Brown, early on, recognized the importance of the Indian marketplace. We have a multidisciplinary team of practitioners, many of whom speak Hindi or other regional languages, who are dedicated to assisting clients in navigating the challenges of, and the opportunities afforded by, the Indian marketplace. We have considerable experience acting for a wide range of international clients in connection with India-related matters. This experience, combined with our extensive resources and local contacts, ensures that our clients are well-advised and thus well-prepared to participate in the Indian market. Our clients include international firms investing or otherwise doing business in India, as well as Indian companies, which are increasingly active outside India.
India's markets offer companies, financial institutions and funds wide-ranging opportunities for growth and development. If businesses are to make the most of these opportunities, they need to be well-prepared—and well-advised—by a firm that understands the diverse cultural and legal nuances at play.