Intro; Foreword; Preface; Acknowledgements; Contents; About the Author; Abbreviations; 1 Finland and India: Unlikely Twins?; Abstract; Introduction; Business Opportunities in Expanding Frontiers; Challenges in New Horizons and Transforming Arenas; Barriers and Gateways; When the Twain Meet; Economic Development of Finland and India; Finland: Nature and Climate; Demography, History and Governance Trajectory of Finland; Post-war Finland, Cold War Politics and European Integration; Finland's Political System and Outlook; The Political Spectrum with Shades of Differences
Economic Policy and OutlookInternational Orientation of Finnish Firms; India: Discovery or Invention?; International Orientation of Indian Firms; Invisibles in India's Balance of Payments; Home and Host Government Intervention in India and Finland; India and Climate Change; The Indian Economy's Trajectory; Compost Heap of Indian Politics; Industry-Academia-Government Partnerships; References; 2 Business Opportunities in India; Abstract; Introduction; Finland's Exports to the World and India; Finland-India Trade; Potential Finnish Exports to India by Specific Items
Finnish Industrial StructureChallenges for Indian Firms; Indian Priorities: Lethargy or Red Tape?; Made by India and Finland or Made in Finland/Made in India?; New Opportunities for India-Finland Trade; References; 4 Managing Finland-India Cultural Differences; Abstract; Introduction; Language; Religion; Time; Sentient Boundaries and Authority Relations; Task Boundaries; Space Boundaries; Special Characteristics of Finnish and Indian Cultures; Social and Cultural Barriers; References; 5 Managing Institutional Differences in Finland-India Business; Abstract; Introduction; Enterprise Formation
New Opportunities for Finland-India TradeFinnish Priorities: Too Few or Too Many?; Opportunities Financed by Government Outlays and Multilateral Assistance; Water Pollution; Air Pollution; Make in India; Make in India but Made by Finland and India; Roads Infrastructure; New Airports; Shipping; Telecom; Oil and Gas Projects; References; 3 Business Opportunities in Finland; Abstract; Introduction; Indian Export Potential to Finland; Primary Products Neglected in Indian Exports to Finland; Potential Unconventional Indian Exports to Finland; Potential for Trade-Substituting Investments
TaxationInternational Taxation in Finland and India; Employment Contracts; Management Style and Practices; Support to Finnish Enterprises for International Business; Business-Government Interface; Legal Systems, Transparency and Disclosure; Business Practices and Commercial Laws; Investment Incentives and Disincentives; Exit Policies; References; 6 Bridges for Finland-India Business; Abstract; Introduction; Four Important Questions; The Paradox of Competitiveness and Collaborations; Foreign Business Investments by Indian Firms; B2B and B2C Bridges from India to Finland
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This book is about promising collaborative avenues for connecting Finland and India with value propositions for enterprises, consumers and investors worldwide. The book covers institutional and cultural differences and explains the logic of business systems, entry modes, and managerial styles in both countries. It draws on experience of successes and also failures to know what should be done differently. It would also interest policymakers that Indias challenges of planting economic orchards in patches of social desert and Finlands struggle to preserve a social paradise against pulls and pressures of economic graveyards in Europe are both solvable with attention to complementarities and synergies. "From his long and rich experience of working with Finnish and Indian companies and passionate research at IIM Ahmedabad in India, and Aalto University and University of Tampere in Finland, Professor Mathur has a very deep knowledge of how to do business in both countries. Every company leader who considers starting Finnish-Indian business should read this new book. This valuable book will help companies entering new markets to flourish by building robust sustainable business relations."--Päivi Leiwo, Chairperson Oilon Oy, Lahti, Finland "This book is a treasure trove of knowledge explaining the business opportunities, policies, cultures, institutions, country trajectories and nuances pertaining to Finland and India. The author has worked in business, government and academia in India and abroad. He has also had a long association with Finland and is able to bring you an insiders perspective of both countries"--Ambassador Ashok Sharma "The authors deep insider experience in the two countries enables him make very sharp observations on both sides. This book will definitely help in understanding the cultural differences and making interactions and communications smoother." - Iiro Rossi, Managing Director, Holiday Club Resorts, Helsinki "This book is a delightful and important guide for those who want to do business between Finland and India. It brings you the numerous business opportunities which wait to be availed, and highlights the deep understanding of the author of the culture and institutional environment of both countries. Read this book, learn and be surprised!" - Niina Nummela, Vice Dean, Professor of International Business, Turku School of Economics, University of Turku, Finland "This book is a reflection of Ajeets penchant for deep research and ability to structure and articulate content. This book will be extremely helpful to those who want to develop Indo-Finnish business relations specifically and international business in general. Sonata is currently engaged with business in Finland" - Srikar Reddy, Managing Director, Sonata Software Limited, Bangalore.