Why you need a local partner — region, regulation, infrastructure
Summary
Herald Business reported that India has 28 states and 8 union territories with 22 official languages, that over 80% of Korean firms enter alone while over 70% of Japanese entries are joint ventures, and that logistics costs run 13–14% of GDP.
Key points
- 22 import measures (19 anti-dumping, 3 safeguard; end of October 2024)
- BIS certification delays can slow customs and supply
- Figures as reported in 2024
For Korean companiesDecide on a partner or going alone by your product's regulatory and distribution difficulty. Either way, due diligence is needed.