Hi Buddies : I am really sorry for the belated reply as i did not surf this section lately.
1) whenever you have met an Indian customer, please try to identify his business status,whether he is a traders, importer, end user or financier ( the one who does not directly handle the business but only provide the financing) . This is important as it would decide the business negotiation method you use.
2) Indian by nature are very suspicious person especially among Indian, therefore , you should not reveal such information like to whom you have dealt with in India etc to another Indian, reason also because most import into India are undervalue to avoid heavy taxes which is illegal.
3) D/P with deposit upfront are commom payment term as most Indian company do not want to have any trade finance arrangement with bankers to avoid income tax. therefore, a private financier has emerged, this person usually has a overseas connection in Dubai, hong kong, London or Singapore to do the financing with a fee.
4) There are many more and it depends case by case, pls email me
okurakk@yahoo.com.cn if you want my two cents worth of advice