Byapaar.com -The Indian Business Blog

Traditionally, import of crude oil has occupied the lion share of India’s import bills and although India has been doing exceedingly well in other sectors in bringing down the trade deficit over the last decade, crude oil has always made Indian balance sheet look bad. Naturally, when the price of crude oil touched a record high of $122 per barrel, Indian government agencies and private businesses have been shivering for fear of a downturn of the whole economy.

Due to fear of inadequate supply of crude oil, its price has been riding fast and almost doubled during last 12 months. The recent hike is a direct result of production disruption in Kenya due to a strike and militant attack. The rising tension between the West and Iran has not helped things either with the world feeling jittery.

The effect is more pronounced in India as there is very little domestic production and India depends on crude oil import for almost ninety percent of its needs. So far Indian consumers have been enjoying a subsidized rate offered by the government and collectively shared by big state firms like Oil And Natural Gas Corporation (ONGC) and Gas Authority Of India (GAIL). It is estimated that the government will shell out as much as Rupess 1550 billion to subsidize the domestic oil market. Private companies dealing in retailing petroleum products are the most sufferers and Reliance has already closed all of its 1430 retail outlets all over the country because they are not subjected to price restrictions and are not entitled to receive subsidy. There is a huge gap of Rupees 8-10 between private retailers and that of public sector companies.

The steep rise in crude oil price has also affected other sectors in the Indian economy. The national currency is weakening and governments plan to restrict burgeoning inflation through strong Rupees has gone away with this latest development.

My exam is over- but my PCP (Personal Contact Program) for second year will start tomorrow and will continue till 27th. Still I’ll keep blogging regularly here.So no problem.

The other day I was browsing the net and chanced upon a site called UK Business For Sale. To be frank I have never heard of the word business sales as I live in a remote place in India. I do frequent to big cities for this or that reason but still have never came across it.

Let me be more forthcoming! I believe this is a totally new concept in India.

So what is this concept?

Simple! There are some agencies that broker between buyer and sellers of start-ups or established businesses. The agencies have people as members from both groups – buyers and sellers. To be more precise, suppose I own an established business that is making reasonable profit. But there is something I found which seems more interesting and appealing to me. In this situation I want to sell my current business so that I can venture into the new domain of my interest and also can fully concentrate on it. Instead of finding the suitable buyer myself, I can hire an agency that will do the needful for me for a specific amount of fee. This will save me lots of time, energy not to mention the convenience factor. In India, I saw this in real estate rector but not in business establishment sector.

The concept of organized business dealing has been going on in developed countries for long. But I don’t know its presence in other developing countries where most business sectors are not organized. But this UK Business For Sale website has opened a whole new world to me. After some more search and research I have found that the Business For Sale brokerage in the UK is an industry in itself. They don’t only use the conventional marketing but are offering their services through the web. Hopefully, this post of mine will be read by concerned persons and bring in the concept here and start a new business.

Good luck to them.