01 February 2024View 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 Interim Budget 2024: No Populist Measures, No Changes to Taxation
 
India’s interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to the taxation structure. We round up the key sectoral provisions laid out in the...
 
 
 
India's Chief Economic Advisor Releases State of the Economy Report; No Economic Survey Report Published
 
India’s Chief Economic Advisor, V Anantha Nageswaran, released a 74-page report on the Indian economy, projecting a 7.3 percent growth rate for FY 2023-24. While not labeled an “Economic Survey,” the document emphasizes...
 
 
 
India Cuts Import Duty on Mobile Phone Components from 15% to 10%
 
The finance ministry of India announced import duty cuts on January 30, in a bid to make the country’s mobile phone manufacturing more competitive. Some part for component manufacturing will face nil duty.
 
 
 
How Tamil Nadu’s Footwear Industry is Competing with Southeast Asian Markets
 
Since announcing its Footwear and Leather Products Policy in 2022, the South Indian state of Tamil Nadu has attracted several manufacturing investment proposals, including from OEM/ODM vendors to major market players like...
 
 
 
GIFT City IFSC: Government of India Emphasizes Progress of Flagship Project
 
On January 24, Union Minister for Finance Nirmala Sitharaman announced the enabling of direct listing of Indian companies at GIFT-IFSC exchanges in the first phase. GIFT-IFSC is India's only international financial...
 
 
 

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NEW PUBLICATIONS FOR COMPLIMENTARY DOWNLOAD:

 
 
Manufacturing in Asia: 9 Crucial Factors for Location Selection
 
 
Manufacturing in Asia: 9 Crucial Factors for Location Selection
 
Are you ready to diversify, but unsure where to relocate your supply chain to? The following checklist outlines nine essential elements you should collect information or data about to fully understand your options and...
 
 
 
 
An Introduction to Doing Business in India 2024
 
This guide covers essential aspects of investing in India, including corporate establishment, investment climate, tax, audit, accounting, HR, payroll, and the trade environment.
 
 
 
Investing in India’s Green Economy
 
Economic growth hinges on equitable resource distribution and the adoption of emerging technologies, such as renewables, electric vehicles, and resource-efficient buildings. In response to escalating concerns about...
 
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
Decoding India's Interim Union Budget 2024: What Businesses Need to Know
 
Webinar | Wednesday, February 07, 2024 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
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