03 May 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:

 
 
 
Discovering Gujarat’s Investment Potential: Policies, Hubs, and Industry Base – New Issue of India Briefing Magazine Out Now
 
Discovering Gujarat’s Investment Potential: Policies, Hubs, and Industry Base, the latest publication from Dezan Shira & Associates is out now and available for complimentary download through the Asia Briefing Publication Store. Located in western India, Gujarat has become a popular destination for foreign investors due to its favorable pro-business environment, strategic location, diverse...
 
 
Singapore and India Link Real Time Retail Payment Systems
 
Singapore and India launched a real time payment link to ease cross-border payments between the two countries. The transfer of funds between the two countries is now possible using India’s Unified Payments Interface (UPI) and Singapore’s PayNow.
 
 
Why Tamil Nadu is on the Radar of Global Biotech Investors in India
 
Tamil Nadu is gaining international exposure for its biotech sector due to its streamlined business environment, policy clarity, investor facilitation, human capital, and state-of-the-art infrastructure.
 
 
India to Import 140 Metric Tons of Gold from the UAE Under CEPA Concessional Rate
 
In a strategic move aimed at encouraging business in the Indian gems and jewelry sector, India has prioritized the import of 140 metric tons of gold from the UAE under a reduced rate for 2023-24. The two countries have negotiated a gold tariff quota provision under their Comprehensive Economic Partnership Agreement (CEPA).
 
 
Russia, India Considering Joint Caspian Sea Shipbuilding & Maritime Maintenance Joint Ventures
 
Russia and India are working to conclude an agreement in shipbuilding the Indian Ambassador to Russia, Pawan Kapur has stated, participating in negotiations with Russia’s United Shipbuilding Corporation. USC are Russia’s largest shipbuilder. India also has a significant shipbuilding industry in Gujarat.
 
 
India’s New Rules for Withdrawing Pensions from the National Pension System
 
India’s Pension Fund Regulatory and Development Authority (PFRDA) recently issued a circular mandating all National Pension System (NPS) subscribers to upload specific documents from April 1, 2023. The PFRDA has stated that uploading these documents will ensure timely payments of annuity income. Payments to the NPS may also have tax benefits.
 
 

We hope you're enjoying this India Edition.

To receive any of our other complimentary regional editions, including China, ASEAN, Vietnam, Middle East, Russia and the Belt & Road Initiative, or our Asia weekly round-up you can add or change subscriptions. Or newly subscribe a friend.

 
 

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...
 
 
 
An Introduction to Doing Business in Dubai 2023 (Complimentary Guide)
 
This brand new, complimentary 120 page publication is a unique introduction to the United Arab Emirates with a special focus on Dubai and has been...
 
 
Leveraging Singapore’s Incentives and Schemes for Industry 4.0 Investments
 
Businesses can leverage Singapore’s fiscal and non-fiscal incentives to upgrade their capabilities and expand their scope of operations in the era...
 
 
UAE Corporate Tax Changes: Can A Free Trade Zone Company Change Status To Obtain Small Business Tax Relief?
 
With the 1st June deadline now less than a month away, decisions continue to be made (albeit somewhat last minute) at the UAE Ministerial level as...
 
 

Do you have any feedbackOur teams would love to hear from you!

 
 

UPCOMING EVENTS FOR ASIA:

 
 
 
Streamlining Your Payroll Management in India: Achieving Efficiency and Compliance
 
Webinar | Wednesday, May 17, 2023 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
For daily alerts, follow us on social
 
 
 

Subscribe | Preferences | Unsubscribe | Terms of use | About us

 

©1992-2023 Dezan Shira & Associates All Rights Reserved.