Trademark registration and benefits
Posted: Nov 22, 2020
As the first stage crisis of the global pandemic has come to an end, Indian economy is showing constructive sign to bounce back and be the global economic leader. The effect of pandemic was severe for Indian economy; both the unorganized and the organized sectors were largely hit. Among the affected businesses and industries manufacturing, hotel, tourism and services were deeply impacted. But most importantly the economic independence and structure of small traders and individuals had completely destroyed during the lockdown resulted by the pandemic. But since the unlock phase the economic lifestyle has began to back on its track slowly but steadily. In order to get the economy on its feet and moving the government of India has also announced multiple financial packages and announcements. The government and the Reserve of India have initiated several measures and statutory reforms like policy reform, labour law reform, Bank loan & credit guideline change, infrastructure building initiative and other important statutory reforms which have the intention to foster the consumer demand which has been largely affected & slashed by the total lockdown.
The objective of various government schemes and packages are aiming towards the strengthening of Indian enterprises & entrepreneurs that are crucial for domestic growth of consumer, industrial and necessary goods and services internally. It plays a major role to reduce the unnecessary imports which was previously increasing the trade gap & deficiencies. The Government of India’s "ATMANIRBHAR BHARAT" scheme specially targets the micro, small and medium industries to foster the internal production of goods and generate employment. But more significantly, it’s now clear that without having a separate legal entity for the local firms and businesses, the local business owners will be unable to overcome this large scale crisis. So a business or manufacturing unit which is operating in any Indian cities like Kolkata, Ranchi, Guwahati, Mumbai or Pune, that company must incorporate their business through company registration in Kolkata, company registration in Ranchi, company registration in Mumbai and company registration in Pune. Without gaining the company status in the eyes of the government, the local and small businesses of these regions can’t access all the benefits and incentive schemes announced by the government. A corporatization of the business will eventually further embolden the domestic economy through company registration in Kolkata, company registration in Ranchi, company registration in Mumbai and company registration in Pune.
The government has also initiated the production linked incentive (PLI) scheme to facilitate the financial rewards for higher growth in manufacturing goods. The effects of such government reforms and schemes have already started to reflect in the performance of Indian economy. Domestic economy is already showing the vital signs to rebound. Let’s point out briefly some important features indicating the recovering sign of our economy:
- GST collection has increased significantly after the end of the lockdown.
- India’s foreign currency reserve is increasing and enhancing at record pace.
- National Stock Exchange is showing a very positive sign and on an average market is up.
- According to MCA, the number of new company incorporation and company registration sets a new record since 2013. It’s showing the positivity among the start ups and new business firms.
- In the 2nd quarter of the current financial year, India’s exports have also increased slightly.
- India’s automobile sector has registered record sales & turnover this year for both 2 wheelers and 4 wheelers.
- Even with the contracted GDP our agricultural sector has sustained its positive growth.
By all means the Indian economy is all set to be the leader of global supply chain from the next financial year. All its required to
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