Communication Technology

Communication Technology for development takes into consideration these problems and strives to solve the same with the medium of research, workshops, publications, correspondence and improving the telecommunication and medical infrastructure. If viewed from a micro perspective “Communication Technology” has been fruitful for development with following parameters:

• Transformation –   A general perceived idea to change to current socio-economic condition and replace it with a better and effective one.
• Connectivity – To solve the problems one needs to first know them, thus it is very important to know the audience one is serving to, this can be achieved by maintaining a robust communication system through easy connectivity with the masses.
• Innovation – Since the old ideas did not prove effective and a need for change is expected, the system must be able to come up with new, innovative methods of implementing its plans.

There have been various instances where “Communication Technology” has helped develop business opportunities in an economy. We will discuss 3 ways it has helped serve the cause with detailed examples; these cases have proven to be effective and fruitful.

Strengthening Ties with Foreign Nations

No nation can be self-sufficient, this is one of the reasons of world organizations such as “World Trade Organization” and “United Nations” has been established. Through healthy relations with not only the neighboring countries but also countries from different continent, one promises global support ad recognition. India has maintained friendly relations with most of the countries and thus Indians have permission to travel to 50 countries without visas. In the current days the celebrated Indian Prime Minister has been retouching on those world relationships and ensuring support to business opportunities back home.

Mr. Narendra Modi has been touring and meeting international leaders since he has been sworn as the Prime Minister. Mr. Modi first visited the neighboring country of Bhutan was has a loyal partner, Mr. Modi discussed help which India would provide Bhutan such as building digital libraries and mainly in establishing  the Supreme Court of Bhutan. Mr. Modi’s next visit was to Nepal where he discussed trade opportunities with the Nepali Leader. In his Japan visit Mr. Modi focused on the issue of “Special Strategic Global Partnership”.

In the short visit to Germany his discussions were more or less the same. Mr. Modi’s greatly received trip to the United States was covered in World Media. Mr. Modi met his American counterpart Mr. Obama at the White House, Washington DC and the 2 leaders discussed trade treaties, Visa problems. Mr. Modi addressed a crowd of 20,000people at Madison Square Garden and the 69^th UN General Assembly. All these world tours will positively boost business opportunities in India and countries will view India was a potential investment

FDI in India

After Gathering quite some headlines the FDI Bill was finally passed by the Indian Parliament in 2013. FDI in the simplest terms means ownership of a company from a particular country in another country. FDI can be braoidly divied in 3 tpyes:

• Horizontal FDI
• Platform FDI
• Vertical FDI

In India FDI was introduced in 1991, by former Prime Minister Manmohan Singh. The “Reserve Bank of India” has eased rules for foreign companies in India. Every Company must register under “Companies Act 1956”. Indian Government has allowed FDI in the following sectors:

• Atomic Energy
• Lottery Business
• Gambling and Betting
• Chit Fund Business
• Agriculture
• Real Estate

To boost investment in the economy the Indian Government has implemented the following schemes

• Easy transfer of shares
• NRI Investments Schemes (Government Securities/Treasury Bills)
• Allowance to purchase/ transfer (Indian Depository Receipts)
• Relaxation of Rules and Regulations on Taxation

“Make in India” campaign of Prime Minister Narendra Modi is an initiative on the part of the government to boost investment in India, increase production and promote trade, Mr. Modi calls FDI as “First Develop India”. This has helped India get financial support from China for upgrade “India Railways”. China has agreed to help India to improve its infrastructure, manufacturing, IT and pharmaceuticals. Through FDI India has received a financial support of $55 billion from Japan and China.

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