Many serious and positive measures have been taken by the Indian Government to list India in top destinations for Ease of doing business. Indian economy is extremely lucrative from an investment perspective, however, the two roadblocks always has been in Progressive government policies and complexities in legal formalities and corporate law regulations for foreign entities.

The Indian government has been actively inviting Foreign companies to set up operations in India and simultaneously taken steps to provide benefits to FDI inflow and easing our regulatory compliance at various levels.

AnBac Advisors, with its rich experience and frequent policy advocacy, has enabled smooth entry of Foreign Multinational Companies into India across sectors to take advantage of Make in India schemes, Skill India mission, and many such initiatives taken by the government, the awareness of which is lesser globally and nationally.

With a recent shift of many companies of their manufacturing base, India offers locations savings along with long term stability and support of government policies to conduct operations in India fruitfully.

Very recently, with the regularization and legalization of Blockchain enabled currency development and exchange, i.e. Cryptocurrencies has opened a huge market for Blockchain enthusiasts all over the world to consider initiating operations in India.

Availability of Blockchain professionals has been rising in the country, and with Supreme Court support of the same recently, it is estimated that more than ten percent of the global blockchain market shall be attributable to Indian operations if support of the technology by government remains consistent. The blockchain market expected to grow from $1.2 billion in 2018 to $23.3 billion by 2023, at an impressive Compound Annual Growth Rate (CAGR) of 80.2% during 2018-2023.

Complexities pertaining to Accounting, taxation and Legal approval process is being closely monitored by AnBac Advisors in close sync and coordination with Central Government, Central Bank of India and Courts.

We envision frequent update of the regulations in Cryptocurrency regulations in India, and faster steps on effective monitoring and control over the same. The pace of Government understanding of the technology has been pretty fast in the past few months compared to earlier, and AnBac Advisors continue to play its vital role in handholding Foreign based Blockchain companies to set up their operations in India seamlessly.