Kolkata

Business trip to Kolkata, India

Business trip to Kolkata, India

Kolkata was formerly known as Calcutta.

The economy of Kolkata was already a full blooming city during its time as the capital city of British India. Kolkata is the principal site where from the British operated their trade with the eastern of the empire. Therefore the trade as the economic foundation of Kolkata has its beginning in the British India. More importantly the rapid industrialization in the post independence period served the economic growth of Kolkata. At this time Kolkata is the primary business, commercial and financial hub in eastern India.



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Mainly the industrial development has induced a financial stability in Kolkata. Kolkata is the home of many industrial units of large Indian corporations, whose diversified product range includes engineering products, electronic and electrical equipments, cables, steel, leather, textile, jwellery, frigates, automobile, wagons, railway coaches, paper, pharmaceuticals, chemicals, tobacco, food products etc. Some notable companies, like ITC Limited, Bata India, Haldia Petrochemicals, Birla Corporations, Merlin projects, Bengal Peerless, Coal India Ltd., Exide Berger paints etc have their headquarter in the heart of Kolkata.

This wide range of industries provides a vast amount of wide range employment, thus supporting the local economy of Kolkata and the standard of living to a great extent. Besides, the superior quality of industrial products is exported which draws a maximum of foreign exchange thus supplement the economy of Kolkata.

Kolkata presently is one of the Special Economic Zone (SEZ) in India. The SEZ developed at the core of the Salt Lake City in the recent times accounts for much of the foreign direct investment and a large quantity of export. The software and the electronic fields, which are becoming prominent in the industrial arena of West Bengal, have their key site in Kolkata. With ongoing construction or the Rajarhat New Town and the extension of Salt Lake, Kolkata has been approaching towards a preferred site of IT/ BPO. With the software products and business processing Kolkata has been participating in the vast international economy.

The IT and BPO sectors provide work to the younger citizens who greatly contribute to the economic development of Kolkata. More and more businesses including the multinationals, find Kolkata, suitable for establishing their offices. The low cost and ample supply of talent led the foreign investors to set up offices in Kolkata. Hence Kolkata is benefited dually- the industries provide employment and insisted the economic development. The entire state being so dependent on Kolkata that the recent boom in the economic scenario of Kolkata also brought an effective change in the economy of West Bengal.

If your are planning a business trip to Kolkata India it is a good idea to know at least a little about the culture and etiquette in India. Use these business etiquette tips as a guideline only. There are too many social, personal and business nuances in India to be considered. There is no uniform approach possible for all occasions.
For more in-depth information I suggest you buy and read the "Global Business Etiquettes" book.
  • Communication:
    The official language of India is Hindi with English as a secondary official language. Most of the schools have English as medium of instruction.
    The Indians are very hierarchical, so greet the eldest or most senior person first. Use formal names, professional and academic titles.
    Indians are not direct, they prefer subtlety to directness. Also they don’t like the word "no". When you get an affirmative answer but they stay vague about the specific details, the result be a "no".
    Never interrupt somebody.
    Dress formal and conservative.

  • Meetings and negotiations:
    When making appointments use the 24-hour clock time format to avoid misunderstandings.
    Be very punctual, if you suspect you will late, call and explain the situation.
    Never cancel a meeting at the last minute. But except that your meeting can be cancelled or postponed at the last minute.
    Shake hands with everyone of the same gender upon arriving at the meeting and leaving.
    Remain standing until invited to sit down or others do so.
    Agenda’s are strictly followed.
    Agenda’s are not strictly followed and a meeting can take much longer then planned.
    First appointments are mainly socially oriented, Indians would like to know you a bit better at first. A third party introduction could be good to get trust.
    Keep your presentation as short as possible, to the point, accurate and precise, do not exaggerate.
    Follow up a meeting with a letter or an e-mail with all agreements outlined.

  • Table manners:
    If unsure on how to behave, mimic the behavior of others.
    Wait until you are appointed a seat.
    Avoid alcohol if possible, otherwise drink little. Remember that muslims do not drink alcohol.
    If making a toast, stand up.
    Keep your hands above the table when eating.
    There is a possibility that you have to eat with your hands. You always eat with your right hand, with or without utensils.
    After finishing eating, leave some food on your plate to indicate that you are full.
    Thank your host at the end of the meal.

India is a land of economic growth and opportunity. India’s sustained growth of around 8% in 2008 and growing dynamism in several of its regional markets have created wide and diverse business prospects for exporters and investors. Multinationals are sold on India and are expanding and deepening their market penetration. Multiple firms with advanced and niche-market products and services are entering the market for the first time, or are replacing legacy distributors appointed in the slow-growth past with more capable and aggressive representatives.

Many smaller companies have begun to view India as a top anchor market for their products and services as well. The marked rise of import into India, the daily business press announcements, the rapidly expanding demand for Commercial Service India matchmaking programs and due diligence services, and the many business development trade missions visiting India all point to India being open for business.

Doing business in India

Economic expansion in India today is being rewritten by India’s highly entrepreneurial and rapidly globalizing private sector. Indian firms are investing in infrastructure projects, growing their advanced manufacturing capabilities, and inventing in new volume-based business models that results into rising incomes and consumption in towns and rural economies across the country. Whether it is consumer goods and services, high technology and industrial goods, healthcare, r infrastructure development, Indian firms are commanding about their economy and are eager for commercial and joint venture partnerships, technologies, brands, services, and know-how.

In fact, the pace of the foreign trade and investment relationship with India is accelerating. Advanced technologies, including aerospace, specialized materials, information and communications technologies, electronics and flexible manufacturing systems underpinned this growth.

In terms of long-range economic forecasts, some major consultancies project that more than 400 million people, a full 40% of the population, will enter India’s middle class over the next 15 to 20 years. One noted firm expects India to have and sustain the fastest growth rate in the world by 2011. Another well-known consultancy believes that India will become the 3rd largest economy in the world in 2032. India’s "demographic dividend" (71% of the population is under the age of 35, and the avarage age is 25) will ensure that that India retains strong production and knowledge-based competitiveness for many years to come.

Though these numbers are impressive, barriers to trade and investment remain in India. Thanks to economic reforms introduced in the early 1990’s, Indian tariffs have been progressively reduced. However, additional reform is widely recognized as necessary for continued economic growth at recent levels in India, and it is anticipated. While poor infrastructure and high tariffs present the biggest obstacles to foreign investment and growth, India’s infrastructure requirements also present trade and investment opportunities for American companies. Strategic planning, due diligence, consistent follow-up, and perhaps most importantly, patience and commitment are all prerequisites to successful business. The Indian sub-continent necessitates multiple marketing efforts that address differing regional opportunities, standards, languages, cultural differences, and levels of economic development. Gaining access to India’s markets requires careful analysis of consumer preferences, existing sales channels, and changes in distribution and marketing practices, all of which are continually evolving.


Product tip: When you love to read, consider an e-reader!

When you love to read, you should consider buying an e-reader. The main advantages of these devices are portability, readability of their screens in bright sunlight, and long battery life. An e-book can be purchased, downloaded and used immediately, whereas when one buys a book one has to go to a bookshop, or wait for a delivery.

Netaji Subhash Chandra Bose International Airport is located approximately 17 km from the centre of Kolkata. The airport is the largest in eastern India. It is a major hub for all flights to North-East India and Bangladesh.

Address
Netaji Subhash Chandra Bose International Airport
Telephone: 033 2511 8787
www.airportsindia.org.in

Airport codes
IATA airport code: CCU
ICAO airport code: VECC

Terminal info

The airport has a domestic terminal, an international terminal and a cargo terminal. The airport is now undergoing a renovation, initiated by the Airports Authority of India, which is currently building a fourth terminal for the airport, to accommodate the massive increase in passenger volume during the past years. The modernisation plan also includes the lengthening of the runways.

Connectivity from the airport

Subway
Metro Railway, Kolkata is the first underground Metro Railway in India. The Metro Railway runs between Dum Dum near the airport and the city centre every 10-15 minutes from early morning until around 22:00h. in the evening. Buses go via the Dum Dum train and metro stations.

Taxi
Taxis are available outside the terminals. Pre-paid taxis can be booked from a counter in the arrivals area.

Keep the following tips in mind if you need to order a taxi during your business trip to Kolkata.

You can easily avail taxis from the nearby taxi stand and for the benefit of the people every area in Kolkata has its own taxi stand. Recently electronic meters have been introduced to the taxis and cabs of Kolkata to stop malpractice by the drivers of taxis and cabs in Kolkata. These meters are the proof of authenticity, so check the meter before you take the cab.

Company namePhone number
A.C. Travels+(91)-(33) 2270 4132
Kolkata Cab+913344222222
Dream Tours and Travels033-22296460
Derby Cars033-22835870

Raj Restaurant
Raj Restaurant is a pure vegetarian restaurant, they serve South Indian food made of freshest ingredients made by some of the finest and experienced chefs.
Forum Mall Branch
10/3 Elgin Road, 5th Floor
Kolkata - 700 026
Tel:+(91)-(33) 3093 1846
www.rajrestaurant.com.sg

Mainland China
The restaurant chain serves authentic cuisine from the major provinces of China. Mainland China enjoys an unparalleled brand equity and is revered for the fine dining experience it provides.
South City Mall, S-313
3rd Floor, 375 Prince Anwar Shah Road
Kolkata.
Tel : (033) 64578361
www.mainlandchinaindia.com

Chinoiserie
At Chinoiserie, grand oriental décor with Pagoda sitting is the perfect complement for Cantonese and Szechwan delicacies. Peking duck and scallops are signature dishes. If you are on a business trip to Kolkata, this is a great restaurant for entertaining your hosts.
Taj Bengal Hotel
34B, Belvedere Road
Alipore, Kolkata - 700 027
India.
Tel: (91-33) 22233939
www.tajhotels.com

Tips to save money on hotel costs during your business trip to Kolkata.

To get the best price for a good hotel room during your business trip to Kolkata it's not only important to compare the prices the hotel charges for a room, but also compare the prices of the different booking agencies.
This can save you, or your company, a lot of money!

Follow these easy steps:
  • Go to this hotel listing for Kolkata.
  • Select the "Check-in" and "Check-out" date.
  • Select filters like: "Hotel brand", "Ratings", "Location" and "Price ranges".
  • Select the hotel you like.
  • You will get an overview of the prices from up to 24 booking sites
  • Select the best offer in the list and book the room!

We have selected the following established business hotels for your convenience:

Taj Bengal Hotel Kolkata
The Taj Bengal Hotel Kolkata is located approximately 12 miles away from the international airport. There are numerous rail links within the center of the city. The rooms at this establishment are equipped with modern conveniences. Direct-dial telephone service, satellite television service, wireless Internet connectivity and coffeemakers are all standard amenities at the Taj Bengal Hotel Kolkata.
34B Belvedere Road Alipore
Kolkata, India
More info about Taj Bengal Hotel Kolkata

Hyatt Regency Hotel Kolkata
Guests of the Hyatt Regency Hotel Kolkata will find the establishment located approximately 5 miles away from the airport. There is also rail transit nearby. Floor-to-ceiling windows are provided in every room at the Hyatt Regency Hotel Kolkata. Among the in-room amenities are Internet access, king-size beds and teak flooring. The rooms are also provided with private baths which are stocked with toiletries courtesy of the establishment.
Ja 1, Sector 3
Kolkata, India
More info about Hyatt Regency Hotel Kolkata

Oberoi Grand Hotel Kolkata
The Kolkata International Airport is located approximately 11 miles from the Oberoi Grand Hotel Kolkata. Guests may also make use of the rail stations near the hotel. The rooms at the Oberoi Grand Hotel Kolkata are provided with modern amenities. There are work desks, fax machines and Internet connections available in every room. The rooms also have satellite television service included among their standard amenities.
15 Jawaharlal Nehru Road
Kolkata, India
More info about Oberoi Grand Hotel Kolkata

Shopping is great amusement during your business trip to Kolkata. From street vendors to supermarkets Kolkata has shops for everyone. The city has many showrooms of reputed national and international brands. Kolkata is home to uncountable markets that merchandise all categories of goods. While shopping in Kolkata golden rule is that it is all about bargaining. There are many fixed price shops in the city but the preferred ones include those where price negotiations are allowed. That way it turns out to be quite exciting and smart work to shop in Kolkata city. The speciality of Kolkata include Tant sarees, cotton fabric, handlooms and handicrafts.

Time for shopping!

Shopping in Kolkata is more or less like a treasure hunt being dotted with shops, shops at the corners of the streets, in supermarkets, shopping arcades, multiplexes, underground markets, open air markets and without doubts - the street vendors. The shops in Kolkata sell anything that has a price. Novelties, garments, appliances, antiquities, arts and crafts, flowers, cosmetics, various food items, confectionery, electronic goods, jewellery, fabrics, perfumes, footwear, books, etc., make up the popular amenities on sale.

The treasure hunt in Kolkata takes down the alleys and into the popular markets, most of which are in the heart of the city. The renowned places as such include Chowringhee Road, Sudder Street, Shakespeare Sarani, Bowbazar, College Street, Salt Lake City, Kidderpore, Dharamtala, Camac Street. Most of these are general markets and sell all the amenities. At Chowringhee there is Central Cottage Industries Emporium merchandising in crafts. The Hogg Market which is the oldest market in the city has several blocks. The New Market that constitutes one of these blocks has, as speciality clothes, footwear and jewellery. Bertram Street Market provides leather goods, jewellery, garments, toys, flowers, confectionery and fabric. The open air complex at Dakhinapan mainly houses state government outlets. It is the best place to buy hand looms and handicraft articles. The Shreeram Arcade and Treasure Island, likewise, are happening places for the shoppers. These markets are new entries and house great collections of apparels and music. One more treasure spot is the Vardaan Market. The air conditioned market provides outlets to various domestic and foreign brands.

Victoria Memorial
In the evening and during the winter months many people pay visits to The Victoria Memorial to relax and have a small picnic. The Victoria Memorial is a huge palace built by Queen Victoria during the British rule. The palace is surrounded by beautiful gardens and also has a pool where lotus blooms in autumn. It is a nice place to relax yourself and to have a picnic. It is one of the favourite hotspots of the tourists.

Tips for sightseeing

Birla Planetarium
The Birla Planetarium in Kolkata is not only the largest in India, but also in South-East Asia. The planetarium holds shows about the different discovered and undiscovered planets and stars of the galaxy and the Milky Way. The shows are so nice that the spectators feel as if they are in space. A visit to this place is a must if you are coming for a business trip to Kolkata.

Indian Museum
The largest museum in India is the Indian Museum in Kolkata. It is large, situated in central Kolkata, close to the Oberoi Grand Hotel. The museum is has collections in a broad variety. You will find information about insects, the different eras of evolution, the evolution of man, rare and old coins of kings and emperors. You will find the ancient egyptian arts and crafts, mummies, different kinds of rare stones and also skeletons of dinosaurs and primitive animals. It is really a great experience! If you have enough time for sightseeing during your business trip to Kolkata, I would recommended you to visit it.

Kali Temple
The Kali or Kalighat temple in its present form is about 200 years old, although it has been referred to in Mansar Bhasan composed in the 15th century, and in Kavi Kankan Chandi of the 17th century. Legend says that a devotee discovered a luminant ray of light coming from the Bhagirathi river bed, and upon investigating its source came upon a piece of stone carved in the form of a human toe. He also found a Syayambhu Lingam of Nakuleshwar Bhairav nearby, and started worshipping Kaali in the midst of a thick jungle. This shrine grew to its present form over a period of time, thanks to the Sabarna Roy Chowdhury family of Bengal. This family is also said to have built the Chitreswari Kaali temple at Chitpur. It is believed that there was a pathway through the jungle between Chitpur and Kalighat, and this pathway is said to have become the Chitpur road of Kolkata

.

Before you go on your business trip to Kolkata, India you should always get a travel insurance with a complete coverage. Make sure your health care insurance is sufficiently covered. Maybe this is already covered in your regular health care insurance but often you will need to cover this with the travel insurance. Also a good travel insurance should cover the costs of travel for a relative in case of seriously illness or an accident. The business trip travel insurance should also cover the costs of search, rescue and repatriation.

ServicePhone number
All emergencies from GSM112
Police100
Medical108
Fire101

For medical help you can turn to the Apollo Gleneagles Hospitals, Kolkata
Address:
No. 58, Canal Circular Road
Kolkata-700 054
West Bengal
Phone: +91 33 2320 304

The emergency ward can be reached on 1066(toll free).

All visitors to India need to obtain visa for India, prior to arrival. The only exceptions are citizens from the neighbouring countries Nepal and Bhutan.

For a business visa the requirements are:

  • Guarantee letter from company registered in your country.
  • Invitation letters from registered Indian Companies located in India.

The fees for the visa is in Euros:

  • € 50 (6 months validity)
  • € 80 (1 year validity)
  • € 160 (5 years validity)

113
India
India
6452
Kolkata

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