Don't let Corona drive you crazy! Our experts in India ensure stable business processes on site and are available to help you pragmatically when faced with confusing regulatory challenges Companion to the side.
Europe has been shut down to emergency operation in a controlled manner in the last few days. Just like we do with Dr. Wamser + Batra GmbH, most companies operate from home, work on ongoing projects and ensure business viability in these difficult days and for the time afterwards.
The measures taken, in particular the complete suspension of travel, are hitting companies with foreign branches and strong export quotas particularly hard. Entry into India has been no longer possible since last week – see here.
India is still lagging behind Europe in the spread of the coronavirus pandemic. So far, economic and social life continues there, with certain restrictions. When and what (radical) steps Modi government remains to be seen.
We will continue your project in India on an interim basis.
We always point out in our articles that the steering is the supreme discipline in Indian business. But guiding from a distance (from Europe) is often difficult, which makes regular stays in India necessary. Because that's the only way you can Transparency true, the secure strategic alignment, as well as intervene operationally and correctively in a timely manner. However, this has become much more difficult in the last few days.
If necessary and sensible, our (European) project managers in India will take over the controlling or management of your business processes for you on an interim basis. As interim managers, we can continue open projects for you or complete them properly.
If you are not there yourself, you have to rely even more on the information that you receive from India. As is so often the case, “Corona” could once again be used as an excuse for all sorts of developments. If necessary, get a second opinion through informal channels - see here. We can also support you with this.
Check the need for action for India: Second opinion on new government decrees
It can be assumed that in the coming weeks there will be numerous special regulations, exceptions (e.g. regarding compliance deadlines) and economic stimuli (fiscal policy, tax laws) that companies will be confronted with virtually “overnight”. Sometimes laws could be repealed or companies could be required to take immediate action. The legal situation in India could become very confusing again.
It is often difficult to judge what exactly needs to be done, which dangers are real and what is just scaremongering. In any case, speak up our experts in Germany BEFORE you make (wrong) decisions in India! Former CFOs and administrative managers of Indian subsidiaries will be available to answer your questions.
In addition, we also have 40 subject matter experts in India, who now support almost 100 European companies with their corporate law (compliance) and financial issues in India and assume project responsibility.
In both India and Europe, we will remain able to act even if the measures are further tightened. It is always possible for all employees to continue working from home.
Together we will overcome this crisis for you/with you!
