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

12 April 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:


India’s Finance Act 2023: Essential Updates for Businesses

The Finance Act, 2023 has introduced various tax changes in India that can have significant implications for businesses operating in the country. As a result, it is important for companies and investors to carefully assess these changes before taking any actions. We assess these changes and the corporate impact upon your business.


Getting to Know India’s First International Financial Services Center at GIFT City

India’s growth story requires a robust financial sector, and the GIFT City IFSC (Gujarat International Finance Tec-City – International Financial Services Centre) launched in 2015 is expected to play a crucial role by utilizing global capital flows to meet India’s development needs besides providing a globally competitive financial platform for international financial services.


India’s PLI Scheme for Textiles: 64 Beneficiaries Approved

India’s PLI Scheme for Textiles has selected 64 eligible textile investors to receive incentives over five years. Seven foreign enterprises from the US, Japan, South Korea, Israel, Germany, and Sri Lanka have applied successfully through their Indian subsidiaries. Gujarat has the most proposed projects, and Madhya Pradesh has attracted the largest proposed investment. We identify the successful...


Profiling India-Singapore Bilateral Trade and Investment Relations

India and Singapore share close ties, supported by the India-Singapore Strategic Partnership. Singapore accounts for over one-fourth of India’s trade with Southeast Asia, reflecting the success of the Comprehensive Economic Cooperation Agreement (CECA) between the two countries. Singapore continues to be India’s largest source of foreign direct investment, with Singaporean firms actively...


Russia’s New Foreign Policy Concept: The Impact On BRICS Plus

Russia’s new 2023 Foreign Policy Concept, the first since 2016, has come into immediate effect. The document updates the priorities, goals, and objectives of the foreign policy activities of Russia and is an important read into the overall national development and other strategies. In this article, we discuss the implications for what this means for the development of the BRICS Plus – including...

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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...


Egypt’s Membership Of BRICS: Opportunities and Prospects

After the creation of the BRIC term in the early 2000s (the economies of Brazil, Russia, India and China), the first meeting of the RIC group...


Non-Residents In UAE Need Not Register For Corporate Income Tax

In the latest update to the UAE Corporate Tax regime, a non-resident person will not be required to register for tax if they only earn UAE-sourced...

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UPCOMING EVENTS FOR ASIA:


Navigating Indian Tax Laws: Understanding Tax Implications for Businesses Operating in India

Webinar \| Tuesday, April 18, 2023 \| 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time

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