| Accounts Receivable Financing- The India Connection | | | | retail sector is growing at a rate of 47% per year. |
| explores the vast growing marketplace in India and | | | | Manufacturing is expanding. There are large numbers |
| how you can benefit from this trend by importing | | | | of well educated people skilled in the English language. |
| goods or exporting goods to this ginormous economy | | | | Today India is a major exporter of software services |
| with accounts receivable financing. | | | | and software workers. Other major industries include |
| India is one of the oldest civilizations in the world. Their | | | | textiles, chemicals, food processing, steel, transportation |
| history goes back over 10,000 years. India is the largest | | | | equipment, cement, mining and machinery. |
| democracy in the world. As of July, 2007, the Central | | | | In 2006 India exported over $123 billion dollars of textile |
| Intelligence Agency for the United States Government | | | | goods, gems and jewelry, engineering goods, |
| estimated that the population of India is over one billion, | | | | chemicals, leather items; only 17% were exported to |
| one hundred twenty nine million people. In contrast, the | | | | U.S. partners. Imports the same year were $184 billion |
| population of the United States is estimated to be a | | | | dollars; less than 6% of this import business originated |
| little over three hundred two million people. That's | | | | with U.S. partners. |
| 129,000,000 versus 302,000,000 people; India has over | | | | What does this all have to do with accounts |
| four times the population of the U.S. in a geographic | | | | receivable financing? The expertise of a commercial |
| area lightly more than one-third the size of the U.S. | | | | finance company can be invaluable with regard to |
| India has the third largest economy and the second | | | | helping you succeed in India's enormous marketplace. If |
| fastest growing economy in Asia. It has a vast pool of | | | | you want to export goods to India, a commercial |
| professional talent and an enormous reservoir of | | | | finance company will check the credit of the business |
| intellectual capital with a growing middle class. | | | | in India that you are selling to; this can facilitate capital |
| India's dense population creates economic opportunities | | | | for exponential growth to creditworthy customers. If |
| and pressing internal social problems such as | | | | you want to import goods from India, purchase order |
| overcrowding, environmental degradation, poverty and | | | | financing combined with accounts receivable financing |
| social unrest. The economy and society are in a state | | | | can help you to achieve the same goal of increasing |
| of rapid transition. There are pressing environmental | | | | cash flow to grow your business. |
| issues because of overpopulation such as air pollution | | | | Albert Einstein said: "We owe a lot to the Indians, who |
| from industrial effluents and vehicle emissions, water | | | | taught us how to count, without which no worthwhile |
| pollution from poor sanitary conditions and soil erosion. | | | | scientific discovery could have been made". Mark |
| According to the World Bank, about 380 million people | | | | Twain said: "India is the cradle of the human race, the |
| in India live in poverty on less than $1 a day; this is | | | | birthplace of human speech, the mother of history, the |
| about one-third of the population. Nevertheless, middle | | | | grandmother of legend, and the great grand mother of |
| and upper class Indians have created immense wealth | | | | tradition. Our most valuable and most instructive |
| in an economy bursting with opportunities. India's | | | | materials in the history of man are treasured up in India |
| business climate is changing rapidly. | | | | only". |
| This social paradox is in some ways similar to the | | | | The bottom line: India is a land of great problems and |
| controversy in the U.S. over big box stores and their | | | | great opportunities. Accounts receivable financing |
| effect on smaller retailers. The same issue is debated | | | | combined with purchase order financing can help you |
| in India regarding Western style supermarkets versus | | | | succeed in this vast democratic, English speaking |
| mom and pop stores. India has a child labor problem; | | | | marketplace. |
| the U.S. has a problem with illegal immigrants who tend | | | | Copyright © 2007 Gregg Financial Services |
| to take the lowest paid jobs in the U.S., performing jobs | | | | Mr. Elberg is a licensed attorney and licensed real |
| that most legal Americans do not want to do. We live | | | | estate broker. Gregg Financial Services is a full service |
| in a world of conflict, change and opportunities. | | | | brokerage for commercial finance companies and |
| There are 14 official languages in India. Hindi is the | | | | banks that fund B2B businesses. We work with all |
| national language. English is a secondary language | | | | industries and can arrange financing transactions |
| used for national, political and commercial | | | | throughout the US and Canada, Mexico, Australia, India |
| communication. India is the largest English speaking | | | | and several areas of Europe including the UK, Ireland, |
| nation in the world. India's legal system is based on | | | | France, and Poland. Mr. Elberg arranges funding from |
| English common law. | | | | $25,000 to $50 million per month at competitive pricing, |
| India's economy is growing over 10% per year with a | | | | and works to reduce your financing costs as your |
| labor force of more than 500 million people. The Indian | | | | company grows. |