Stick to gum

In general, India is a better place for building a business than it is for plain investing. Why? Because there are barriers to entry that new players face, and those who are already in the game are, therefore, able to capture better returns. Companies doing plain manufacture are able to deliver margins of 20 per cent and more, which does not happen in more competitive markets. For a variety of reasons, the environment is also more friendly to domestic players than international entrants.

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