If you have done enough research on the market and want to set up a permanent establishment in India then you can form a Wholly Owned Subsidiary company in India. It is one of the strategic modes of operating business in India.
Wholly owned subsidiaries are fully owned by the parent company. This means parent company owns 100% of the subsidiary’s shares. Now, since the parent company holds all the shares of the subsidiary company, it gains 100% control over the subsidiary. It gains the right to appoint the subsidiary’s board of directors, who controls the subsidiary.
A wholly owned subsidiary can belong to the same industry as that of the parent company or it can belong to a different industry altogether.