09 MARCH 2023View in Browser
 
 

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

 
 

INDIA EDITION
 
 
 

TOP STORIES THIS WEEK:

 
 
 
Apple’s Contract Manufacturers and Component Suppliers in India
 
Apple has been increasingly adopting a ‘China plus one’ strategy to reduce its overreliance on the manufacturing behemoth. 14 Apple suppliers from China have reportedly received the initial clearance by the Indian government for investment. We detail the main players.
 
 
India’s Per Capita Income Doubles from 2014-15, but Wealth Unevenly Spread
 
India’s per capita net national income (at current prices) for 2022-23 stands at INR 172,000 (US$2,100). Incomes dipped during the outbreak of Covid-19, but picked up in 2021-22 and 2022-23. Why have Indians not been feeling wealthier?
 
 
India’s Dholera Special Investment Region: Key Intelligence for Foreign Investors
 
Located about 100km from major industrial base Ahmedabad, the Dholera Special Investment Region (DSIR) is an upcoming greenfield smart city. DSIR could soon host the state of Gujarat’s first semiconductor manufacturing plant, while the Dholera SIR is being planned as an urban-industrial base which will host manufacturing plants, commercial operations, and residential communities.
 
 
India’s GDP for FY 2022-23 Projected at 7%
 
The Indian Ministry of Statistics and Programme Implementation has just released the second advance estimates of India’s GDP for FY 2022-23. These help the government decide on budget allocation and give policymakers more information on the expected trajectory of the economy in the upcoming year. The prognosis is good.
 
 
Indian Spirits Manufacturers Eye Russian Consumer Market
 
The exodus of Western wines and spirits from the Russian domestic market is proving to be an incentive for large Indian MNCs operating in this field to gain a valuable new market. UK distillers especially are set to lose out to their Indian rivals in the Russian market profitability.
 
 

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NEWS FROM AROUND ASIA:

 
 
An Introduction to Doing Business in India 2023 (Complimentary Report)
 
 
An Introduction to Doing Business in India 2023 (Complimentary Report)
 
This publication is designed to introduce the fundamentals of investing in the Indian market and includes a guide to corporate establishment, merger and acquisition, tax advisory, HR and payroll...
 
 
 
The Middle East's Trade Pivot To East Asia
 
The Middle and Asia is proving compatible neighbours as the pivot of the Gulf States towards East Asia continues. East Asia especially is now...
 
 
Establishing A Foreign Invested Business In Dubai
 
There are numerous options when it comes to setting up a business in Dubai. These largely depend on your expected scope of business, and are...
 
 
Clarifying Individual Income Tax Liability In The UAE
 
The status of ‘tax residency’ wasn’t defined in the UAE until last year. What has changed since then with tax resident statuses is that categorical...
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
India’s Massive Consumer Market – Opportunities for Foreign Companies
 
Webinar | Wednesday, March 15, 2023 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
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