Doing business in India not possible without corruption??

Companies in India are finding it difficult to do business in India because of the growing corruption. Many MNC's have fallen for bribery and violation of US FCPA acts in recent times.
All this maybe a co incidence but US Security and Exchange Commission  thinks otherwise. They plan to enforce an American Law called FCPA - Foreign Corrupt Practices Act to keep a watch.
 The US SEC is now investigating over 100 companies including at least half a dozen cases where bribes were allegedly paid in India.
Many companies have the same thing to say about entering into India is that there is a huge pile of system to undergo to enter Indian market, for example there is a central labour law and every state has its own state laws.
Many top managements have been charged of bribery and had to be replaced from time and again. For an MNC if the top management has political background it was considered good few years back now it is treated as negative thing. Hence a background check is done before hiring up especially the top management.
In order to maintain a clear slate, KRAFT started in operations in India and had asked for a lot of reporting, it came in as a shock to the Indians !
Now many companies have left the operations in the hands of the Indians to deal with its laws and compliance their way. They feel setting up businesses in developed nations is much easier as compared to India. WHAT A SHAME!
MNCs may be red-faced today, but Indian businesses too need to learn from their follies. Armed with robust global compliance programmes, it could well be MNCs that emerge smelling like a rose in the years ahead even as wannabe Indian MNCs facing the brunt of bribery laws of developed nations earn the unenviable soubriquet of 'Ugly Indian'.