| | | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| TOP STORIES THIS WEEK: | | Aiming High: Apple’s iPhone Production Push in India with US$34 Billion Target by 2026-27 | | Apple and its suppliers aim to reach 32 percent of global iPhone manufacturing and 26 percent of their production value in India by 2026-27. We examine the implications for future foreign investment opportunities as India advances its electronics supply chain and aims for greater integration into global value chains. | | | | Apple’s Contract Manufacturers and Component Suppliers in India | | Seven of Apple’s India suppliers are based in the southern state of Tamil Nadu, including Hon Hai Precision (Foxconn), Tata Electronics, and Flex; three are hosted in neighboring state Karnataka, namely Wistron, Aequs, and Shenzhen YUTO Packaging Technology. The states of Andhra Pradesh, Maharashtra, and Uttar Pradesh each host a supplier—Cheng Uei Precision, Jabil, and Sunwoda, respectively. | | | | India-Brazil Trade and Investment Overview | | India's growing investments in Brazil, along with reciprocal expansion in key industries, are driving growth in sectors like technology, pharmaceuticals, and manufacturing. The partnership between the two countries is expected to strengthen, opening up new opportunities in digital transformation, bioenergy, and sustainable development. | | | | GST Amnesty Scheme from November 1, 2024: Key Compliance Details | | India’s new GST amnesty scheme, effective from November 1, 2024, waives interest and penalties for non-fraudulent GST demands from 2017-18 to 2019-20. Tax must still be paid, with payments due by March 31, 2025, and waiver applications submitted online by June 30, 2025. | | | | India’s RBI Introduces Framework for Converting FPI to FDI in Indian Companies | | The Reserve Bank of India (RBI) has streamlined the process for Foreign Portfolio Investors (FPIs) to reclassify their holdings as Foreign Direct Investment (FDI) if their stake in an Indian company exceeds 10 percent. | | | | Public Holiday Schedule for India in 2025: A Guide for Businesses | | Planning around India’s holiday schedule is essential for maintaining smooth operations, maximizing employee satisfaction, and ensuring effective resource management. Different industries may approach holiday planning uniquely, adapting to varying operational needs. |
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| COMPLIMENTARY BUSINESS RESOURCES: | | | | | | Optimizing Returns: Strategies for Success in India's Service Sector | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | A Guide to Hiring in Indonesia | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. |
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