Business updates and special topic events, specially curated for global foreign investors in...

23 MARCH 2023	View in Browser

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

INDIA EDITION


TOP STORIES THIS WEEK:


Surge in Smartphone Exports from India Show Incentive Schemes Work

In the first two months of 2023, smartphone exports from India surpassed US$2 billion, indicating strong government support and the growth of a local industrial ecosystem. Apple and Samsung have played a crucial role in boosting these mobile exports through their contract manufacturers in India. These two companies account for nearly 90% of Indian smartphone exports.


PAN Application Procedures in India: A Step-by-Step Guide

In India, the 10-character alphanumeric PAN, (Permanent Account Number), is imperative for locals as well as foreign nationals and investors doing business in the country. In this article, we highlight the main procedures on how to get a PAN, which transactions mandate having a PAN for KYC purposes, and the government’s rules on financial transactions that require providing the PAN identification.


International Law Firms and Foreign Lawyers Can Now Practice Law in India

Foreign lawyers and law firms can now practice transactional and corporate work, such as joint ventures, mergers and acquisitions, intellectual property matters, and drafting contracts, among other related matters, on a reciprocal basis. The move will help establish India as a center for international commercial arbitration. We explain the details and what is and what is not permitted in practice.


Strengthening India-Australia Ties After ECTA, PM Anthony Albanese Visit

The first official visit of Australia’s Prime Minister Anthony Albanese to India opened new business and bilateral investment prospects in the critical minerals, clean energy, and education sectors. We look at some of the key outcomes of Albanese’ visit in this article and the sectors where opportunities are opening up for Australian commercial entities.


India States Preference for UAE Dirham International Trade Settlements Ahead of US Dollar & Chinese RMB Yuan

India has asked banks and traders to avoid using Chinese RMB Yuan to pay for Russian imports, three government officials involved in policy making and two banking sources have stated. The emergence of the RMB Yuan is of no surprise and will be managed by most countries, however the positioning of the UAE Dirham as a ‘reserve’ to the RMB Yuan is an interesting development.

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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...


Shanghai Cooperation Organisation & Eurasian Economic Union To Strengthen Economic Partnership

Meetings to discuss Economic Cooperation have been held between Mikhail Myasnikovich, the Chairman of the Eurasian Economic Commission (EEC), and...


Russian Financial Management Firms Enter China and India Markets

Russian financial services companies and professionals are gradually entering the financial services markets in Asia. At the beginning of March...

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UPCOMING EVENTS FOR ASIA:


Vietnam für DACH Unternehmen – Überblick, Markteintritt und Möglichkeiten 2023

Webinar \| Thursday, March 23, 10:30 AM CET, 4:30 PM Vietnam, 5:30 PM China


Decoding China’s 2023 Two Sessions: Takeaways for Businesses

Webinar \| Wednesday, March 29, 2023 \| 9:00 AM Los Angeles / 12:00 PM New York / 6:00 PM Brussels


[Partner Event] -

Webinar \| Wednesday, 29 March 2023, 12:30-13:30 CET


Seizing Opportunities in China's Healthcare Industry: A Guide for Foreign Investors

Webinar \| Thursday, March 30, 2023 \| 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET


UK-China Medical Devices Market Access Roundtable

Offline Panel and Online Broadcasting \| Friday, March 31, 2023 \| 9:30-11:30 UK Time / 16:30-18:30 China Time

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