Business in context Essay Example | Topics and Well Written Essays - 2000 words

Business in context - leaven Example chinawares GDP addition was 9.9% in the year 2005 and according to World Bank, Chinas projected growth arranges from 20052009 was 8%. China was one of the top recipients among developing countries which had inflow of around 72 billion USD in 2005. While China had experienced already high growth rate, Indias growth rate was around 4% per annum. According to World Bank, Indias growth rate was around 8.3% - 9.2% after 2003. Therefore, both the countries are relatively attractive for British companies (Homlong & Springler, 2009). Indias Business similitude with the UK Indias relation with the UK has forteened with regard to business. Both countries have maintained a healthy relationship, for some(prenominal) years, in term of export and import and business relationship. In whole European region, the UK is largest business follower of India and compared to the whole world, the UK is 5th largest business partner of India. The import and export b etween UK and India had increased by 20% in the year 2005, i.e. ?7.9 billion. The UKs export to India had increased by 21.3% in the year 2005. ... This company has 4 business units which are the UK business, International Business, Retailing Services and Non food. Approximately 4 million t-shirts and vests were sold in Tescos Indian stores, which accounted 40% of Tescos import in the year 2004. Tesco provide low apostrophize and quality products in India. Tesco supplies textiles worth 72 million USD annually. In the year 2004, the companys revenue from India was around 67.5 million USD (Tesco, 2005). Attractiveness in India Indias low cost advantage for sourcing cheap unless quality products is the major reason for attracting business. Tesco sources around 72 million USD of textiles from India annually. Tesco has realised that Indias major strength is their availability of skilled and educated labour with low cost. This is the reason for Tescos successful business in India (Tesco , 2005). Johnson Matthey Johnson Matthey is a UK company which deals with pharmaceutical materials, precious metals and catalysts. It is one of the leading companies in superior material technology. It has devil divisions in India which are Catalyst and Ceramic. The company is making automobile emission catalysts in India since 1998. For Johnson Matthey, India is a observe base for export. Approximately 75% of catalysts and technologies product are exported from Johnson Matthey (Johnson Matthey, 2005). Attractiveness in India Indias major magnet is skilled and educated manpower, which is available at competitive cost than any other countries. It helps companies to set up manufacturing unit in India and operate at less fixed costs. The other important aspect is Indias potential market. The vehicle market of India is growing rapidly which in turn is a great fortune for Johnson Matthey. The company perceived that