10 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:

 
 
 
Invest in South India: Unlocking Opportunities for Multinational Firms
 
Skilled labor, strong infrastructure, industry promotion policies, and a competitive investment climate make South India a highly favorable regional destination for multinational firms looking to invest in India. By investing in states across South India, multinational firms can tap into their diverse and rapidly growing markets, gain a competitive edge, and expand their global reach. We...
 
 
India’s New Rules for Wire Transfers: What Businesses Should Note to Avoid Reputational Risks
 
India’s central bank, the Reserve Bank of India (RBI), has issued updated guidelines to regulated entities (REs), including banks and financial institutions, to ensure that all wire transfers, both domestic and international, contain complete information about the originator and beneficiary. Businesses operating in India should ensure compliance to avoid legal and reputational risks.
 
 
India Amends Anti-Money Laundering Law to Include Accounting Professionals
 
Anti-money laundering (AML) regulations in India apply to a range of entities, such as companies, banks, crypto exchanges, foreign portfolio investors, trusts, and NGOs. India recently made changes to its AML law to expand the scope of reporting entities to include banking intermediaries, financial companies, as well as accountancy professionals, such as Chartered Accountants and Company...
 
 
Why ONDC is Set to Shake Up India’s Food Delivery Market
 
The entry of ONDC (Open Network for Digital Commerce) into the food delivery market in India is expected to drive up digital consumption. As ONDC’s low commission rates and direct-to-consumer model present an opportunity for businesses to sell products at lower prices, more customers and sellers are likely to be attracted to the platform. McKinsey predicts that ONDC will increase the number of...
 
 
The Shanghai Cooperation Organisation Meets In Goa
 
The SCO includes China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan, with Iran and Belarus being set to join as full members later this year. Several other countries hold dialogue and observer partner status, including Afghanistan and Mongolia as observers, and Dialogue Partners in Armenia, Azerbaijan, Cambodia, Egypt, Nepal, Qatar, Saudi Arabia, Sri Lanka, and...
 
 

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...
 
 
 
Discovering Gujarat’s Investment Potential: Policies, Hubs, and Industry Base – New Issue of India Briefing Magazine Out Now
 
This magazine discusses the key drivers of investment growth in the west Indian state of Gujarat and its appeal for industry and export-oriented...
 
 
An Introduction to Doing Business in Dubai 2023 (Complimentary Guide)
 
This brand new, 120 page publication is a unique introduction to the United Arab Emirates with a special focus on Dubai. It deals with the...
 
 
Performers, Entertainers Now Subject To Tax in the UAE
 
The UAE is introducing a new tax regime from 1st June this year – just three weeks away. With that come a whole new area of services, such 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.