Query about setting up a Competitive business with Govt. organisation in India
Interested in setting up a business in India? Wondering for which product can the business be competitive with Govt. organisation? Check out suggestions from experts on this page.
To set up a business organisation it is essential to have Raw materials, Labour, Market and Money.
In India the most cheapest item is the Labour and is available always for all Jobs under private organisation. Because the same standard labour is available for engagement at 25% cost as compared to Govt.Sectors. Accordingly if any one wants to set up any business unit there is a savings of 75% in labour cost wrt. Govt unit.
But the question is what will be the nature of the product common with existing Govt organisation so that the above benefit can be availed? Give your idea about this.