A few years ago, 15 years ago, I had a dream to start my own factory. I spent lot of money on consultants, sales tax, vat, income tax. But survey officer in my state, said you need to purchase a commercial space. Fools, I am bringing revenue to state, but they don’t want progress. Later I invested lot of money on gst, source Raw materials from abroad and even within India assemble it in India. I tested with few unique products. I sold lot of products. In have sixth sense of what products sell. It attracted attention of few jealous competitors. They can raid my business premises, for no reason. They just have power. But I am very intelligent. I surrendered my gst. I have import export code.
Now I move out of Kerala forever. Business and Industry killing environment. Let other states become rich with the revenue we create using gst and taxes.. peace of mind. I tried with restaurant, online selling of products on Amazon, cosmetic industry products. So experience is king. Even taught many people about gst calculations for various factory goods and selling global. I always experiment new things. Here trade union jackals are a problem. Red flag for bribes and extortion. Business shutdown. Many owners suicide. I have lot of issues with police, politicians, trade unions. I also make sure, no factory come to our state. Karnataka and tamil nadu I have shifted many factories there. He he.
No growth in business. Always high wages for workers. Many factories in Kerala, have shutdown and moved to neighboring states, which are industry friendly.
But, I will fulfill my factory dream anyway. It is outside Kerala. Don’t want to take chances.
If you are interested to try business, I have lot of first hand experience. Even lot of nri approach me for help in starting a new business or factory in India.