02 FEBRUARY 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:

 
 
 
Highlights of the Indian Economic Survey 2023
 
The Indian Economic Survey 2023 provides growth projections for the current financial year (FY 2022-23) and commentary on growth prospects for the upcoming financial year (FY24). It evaluates India’s consumption patterns and inflation trajectory. We discuss the key takeaways.
 
 
China, India, To Be Major Growth Drivers During 2023 – IMF
 
India and China will account for half of the global economic growth in 2023 versus just a tenth for the US and the EU combined, according to the International Monetary Fund (IMF) in its World Economic Outlook. We examine the statistics and reasons behind this extraordinary prediction.
 
 
India’s Union Budget for 2023-24: Key Highlights
 
India’s Union Budget 2023-24, announced February 1, promotes infrastructure growth, green industry, and makes changes to the new tax regime. We report the major highlights.
 
 
India’s Economy at a Glance: Trends and Outlook for 2023
 
India is set to achieve 7% GDP growth in 2023. This article outlines measures assisting India’s business climate and highlights the main macroeconomic trends and prospects surrounding the Indian economy dung the year, including foreign investment incentives.
 
 
India’s Trade and Investment Ties with the Gulf Cooperation Council (GCC)
 
India’s trade and investment relationship with the Gulf Cooperation Council (GCC) member states – UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain – has strong foundations, driven by India’s dependence on Gulf energy exports, and the Gulf dependence on India for food security and agricultural exports. An FTA is in the offing.
 
 
Tamil Nadu’s Industrial Parks and SEZs under SIPCOT: A Brief for Investors
 
Tamil Nadu is a prominent location in India for foreign investors due to the state’s advanced infrastructure, mature industrial ecosystem, and logistics capabilities. The state boasts of the second highest GDP in the country and has the largest number of factory units in India at 37,220.
 
 

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NEWS FROM AROUND ASIA:

 
 
UAE Sets Zero Corporate Tax Threshold At US$100,000
 
 
UAE Sets Zero Corporate Tax Threshold At US$100,000
 
The UAE has set the ‘Applicable Taxable Income’ threshold for Corporate Tax. A zero per cent rate will apply to taxable income that does not exceed Dh375,000 (US$102,000) during the same tax period...
 
 
 
Saudi Arabia Launches Four-Day Access ‘Transit’ Visa
 
The Ministry of Foreign Affairs, in coordination with the relevant authorities and cooperation with national airlines, has launched an electronic...
 
 
2023 Chinese Visa Application Guidelines
 
From January 8, 2023, China has resumed the issuance of visas for foreign nationals. As the country continues to open up, we discuss the 2023...
 
 
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...
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
Decoding India's Union Budget 2023-24: What’s in it for Businesses?
 
Webinar | Friday, February 10, 2023 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
 
Blockchain Fest Singapore 2023
 
February 16 - 17 | Marina Bay Sands
 
 
 
3rd Annual Floating Wind Europe
 
April 4 – 5, 2023
 
 
 
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