| | | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| TOP STORIES THIS WEEK: | | BIS Certification in India: Who Needs it and Key Procedures | | BIS certification is required for various stakeholders, including manufacturers, importers, and distributors or retailers. Indian and foreign manufacturers producing items listed in mandatory categories must obtain BIS certification to ensure their products meet the prescribed standards. Importers are also required to secure BIS certification for goods falling under mandatory certification requirements before bringing them into the country. | | | | Profiling India-Singapore Bilateral Trade and Investment Relations | | Singaporean President Tharman Shanmugaratnam is scheduled for a five-day official visit to India from January 14-18, 2025, including a two-day visit to Odisha state from January 17-18. This will be the first official visit by a Singapore president to India in a decade. | | | | DGFT Updates Schedule II of India’s Export Policy | | The updated “Schedule-II (Export Policy)” aligns with the Finance Act 2024, which was notified on August 16, 2024. The revised schedule includes the current export policy for all ITC (HS) codes, along with any specific conditions that must be met. Previously, specific policy conditions were only applied to goods with restrictions or special regulations. | | | | The Medical Devices Industry in India: Investor Outlook | | India has evolved from a medical device market and research hub for multinational corporations into a prominent manufacturing center. Valued at US$12 billion, the sector’s growth is driven by strategic government initiatives, regulatory reforms, skilled engineering talent, and precision manufacturing capabilities. | | | | India’s Economic Outlook in 2025: GDP Forecast and Key Sectors to Watch | | Steady growth in the services sector, manufacturing ambitions, climate strategy, rapid digitization and ICT-led innovation, diversification of export markets, and the continued push for infrastructure development and upgrades will anchor investment prospects for key sectors in India in 2025. |
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| COMPLIMENTARY BUSINESS RESOURCES: | | | | | | An Introduction to Doing Business in India 2025 | | Compiled by the experts at Dezan Shira & Associates, the "Doing Business in India 2025" guide introduces the fundamentals of investing in India, covering key topics such as India’s investment climate, corporate establishment, tax, transfer pricing, audit, and accounting, human resources and payroll, trade policy, and data protection measures. | | | | An Introduction to Doing Business in ASEAN 2025 | | This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries and includes a guide to corporate establishment, tax advisory, and bookkeeping, in addition to HR and payroll, double tax agreements, and audit and compliance. | | | | | | Doing Business in China 2025 introduces the fundamentals of investing in China. Compiled by Dezan Shira & Associates in December 2024, this guide helps foreign investors navigate changes in China’s business landscape, mitigate risks, and seize new market opportunities. |
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