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Economy & Trade

India Confirms Auction Date for 20 Blocks of Critical Minerals, Including Lithium and Graphite: November 29

11/28/2023

Following regulatory changes, India will seek bids for 20 blocks of critical minerals. Mining, mineral processing, and production of lithium, graphite, and REE are key to critical sectors like renewables, gigafactories, pharma, electronics, telecom, and defense.

Investing in Karnataka, India: State Profile, Infrastructure, and Enabling Policies

11/28/2023

Karnataka in South India attracted major new investments in 2022-23 and continues to build up its business-friendly profile. Foxconn has announced intentions to invest further in a supplementary plant.

Where to Invest in India: Analyzing Gujarat, Maharashtra, and Tamil Nadu’s Business Environment

11/24/2023

Unlock the Indian market's potential with our insightful new magazine, "Where to Invest in India: Analyzing Gujarat, Maharashtra, and Tamil Nadu’s Business Environment." Explore key data points shaping foreign investment decisions in these dynamic states.

India, UK FTA Negotiations: Key Updates

11/24/2023

India-UK FTA negotiations are at Round 14, and pending issues like the rules of origin are at closure level, as of October 9, 2023. The BIT will be signed later.

India's GIFT City Strives to be a More Attractive Global Financial Hub: Latest Developments

11/16/2023

GIFT City in Gujarat, an international financial services center, supported by the Indian government, aims to enhance capital inflow and foster fintech innovation. We discuss the establishment of family offices, technology firms, as well as ship and aircraft leasing units, along with foreign university branches in the region.

India’s Commerce Ministry to Soft Launch Updated E-Bank Realization Certificate for Exporters on November 15

11/14/2023

The electronic bank realisation certification (eBRC) system has been revamped by the DGFT to enable eBRC generation on self-declaration basis from exporters in India. The BRC is issued by banks to exporters as proof of payment and export.

Tax & Accounting

Status of India’s Advanced Pricing Agreement Program: 95 APAs Signed in FY23 Offering Tax Certainty

11/29/2023

The Advanced Pricing Agreements address complex transfer pricing issues, mitigating the need for litigation and align with India's objective of enhancing the ease of doing business.

Permanent Establishment in International Taxation and Indian Tax Law

11/23/2023

We discuss what triggers permanent establishment status as per UN/OECD international taxation frameworks and India's domestic tax provisions.

Technology-Enabled Changes in the Audit Compliance Landscape in India

11/21/2023

We discuss how emerging technologies hold the potential to transform the field of auditing by leveraging software-as-a-service platforms as well as incorporating artificial intelligence, automation, drones, and more. Moreover, India's corporate affairs authority mandates the adoption of specific software-enabled tracking, such as audit trails.

India Simplifies GST Refund of Exports Remittances in Special Rupee Vostro Accounts

10/13/2023

Exporters in India will benefit from newfound clarity from the GST Council in classifying remittances received in Special Rupee Vostro Accounts (SRVAs), which will make securing GST refunds an easier process.

Important Financial Changes in India Effective October 2023: Impact on Businesses

10/01/2023

We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.

India's OIDAR Taxation Shift: Key Changes Effective October 1

09/29/2023

Starting from October 1, 2023, OIDAR services provided for non-business purposes in India will no longer be exempt from GST taxation and will be subject to an 18 percent tax.

Legal & Regulatory

Understanding the Mandate to Appoint Women Directors Under Indian Company Law

11/17/2023

We discuss provisions in India's company law mandating the appointment of women directors and the repercussions for non-compliance.

North Indian State of Uttar Pradesh Releases FDI Policy, 2023: Key Provisions

11/10/2023

UP is competing with major industrial Indian states like Tamil Nadu, Gujarat, and Karnataka to attract high-value investments from sector-leading companies, establish R&D and frontier innovation projects, and build up local manufacturing ecosystems.

LLP Rules, 2009 Amended and LLP (SBO) Rules, 2023 Notified as India Tightens Disclosure Requirements

11/10/2023

India mandates LLPs to maintain a register of partners and document their beneficial interest in both tangible and intangible contributions. The notified rules indicate the mandatory time frame and updated forms for various reporting requirements.

Micro, Small, and Medium Enterprises in India: An Explainer

11/01/2023

As the backbone of India's economy, the MSME sector is poised for rapid growth. We discuss incentives and opportunities for the sector.

Food Import Procedure in India and FSSAI's Latest Regulatory Changes

10/20/2023

We discuss the step-by-step procedure to import food products in India and FSSAI's latest regulatory advisory which simplifies import procedures, reducing both time and costs for importers.

Important Financial Changes in India Effective October 2023: Impact on Businesses

10/01/2023

We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.

Industries

Apple’s Contract Manufacturers and Component Suppliers in India

11/28/2023

There are currently three main contract manufacturers producing Apple products in India. We discuss where they are based and scope for investment.

Dell, HP, Foxconn, Lenovo Among 27 Beneficiaries Under India’s PLI 2.0 Scheme for IT Hardware

11/20/2023

India has announced that 27 companies, including Dell, HP, Foxconn, and Lenovo, have been approved for PLI 2.0 Scheme incentives. Of these, 23 companies are ready to start local production.

EV Sector in India: Production Capacity, Government Targets, and Market Performance

11/09/2023

In this market brief, we discuss consumer purchasing trends in the automotive market and India's steadily expanding EV production capacity. We spotlight top industry players and their manufacturing bases, as well as govt. incentives and targets to 2030.

India's Semiconductor Sector: Tracking Government Support and Investment Trends

11/02/2023

We track India's efforts to facilitate foreign investment into its indigenous semiconductor industry (developing fabs. chip design, ATMP).

Micro, Small, and Medium Enterprises in India: An Explainer

11/01/2023

As the backbone of India's economy, the MSME sector is poised for rapid growth. We discuss incentives and opportunities for the sector.

The Foreign Investment Outlook of India's Pharmaceuticals Industry

10/26/2023

India's pharmaceutical industry is a global leader in affordable generics and vaccines with favorable investment policies in place. The government is incentivizing building up local KSM/DI/API production and sourcing capabilities to decrease import dependencies.

HR & Payroll

Navigating ESIC and Provident Fund Registration for Companies in India

11/29/2023

We outline the mandatory registration timelines and procedures for Indian companies under ESIC and Provident Fund schemes.

List of India's Public Holidays in 2024 and Best Practices for Companies

11/22/2023

Businesses and foreign investors should note India's official holiday schedule, which is impacted by regional, local, and national factors, including festivals, patriotic observances, and cultural practices.

Visa Clearance Streamlined by Indian Authorities for Chinese Professionals Engaged in PLI Sectors

11/09/2023

Responding to industry feedback, the Indian government is streamlining the visa approval process for Chinese experts engaged in PLI sectors.

Long-Term vs Short-Term FD: How to Choose Your FD Account Duration

11/01/2023

When planning investments, consider the stability and security of a fixed deposit (FD) account, a favored low-risk choice for investors.

A Guide to Minimum Wage in India in 2023

10/26/2023

We answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India. Several states in India have updated their minimum wages as of October 2023.

Recruiting in India: Key Considerations for Foreign Companies

10/23/2023

This article explores key insights for recruiting in India and offers cost-effective strategies for international firms.

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The BRICS is Expanding, Should The United States Be Concerned?

November 16th, 2022 Read Article
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