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Indian Navy Set to Patrol Malacca Straits Gateway to South China Sea

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CDE Op-Ed Commentary

India has been asked to join the Malacca Straits Patrol (MSP) framework, and will commence naval operations to patrol the area, which acts as an oceanic gateway to and from the South China Sea, and also links the South China Sea to the Indian Ocean. From an economic and strategic perspective, the Malacca Straits is one of the most important shipping lanes in the world. It serves as the main shipping channel between the Indian Ocean and the Pacific Ocean, and links major Asian economies such as India, China, Japan, Taiwan, and South Korea.

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Goods and Services Tax (GST) in India: Key Terms and Concepts

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By Vasundhara Rastogi

The goods and services tax (GST), regarded as India’s biggest tax reform, will be implemented from July 1, 2017. The new single tax system will transform India’s present indirect tax regime, and is expected to have far reaching implications for the country’s economy, business, and society at large.

Despite the importance of the GST, many business managers still remain confused about key aspects of the forthcoming tax system. From the taxes that will be subsumed by the GST to technical dimensions of the GST model, this article serves as a complete guide to what will change on July 1.

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Business Branding versus Economic Reforms: An Updated View of Modi’s India

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By Bradley Dunseith

The Modi government’s win in various state elections last month, including the prized state of Uttar Pradesh, demonstrates the powerful and enduring appeal of the Prime Minister. This is clear as the Bharatiya Janata Party (BJP) projected PM Modi as the face of all its state level campaigns, running on platforms that showcased his ‘proven’ track records.

In the past few months, Modi has managed to win mass favor as he doubled down on his 2016 decision to demonetize the 500 and 1000 currency notes in his ‘fight against black money’. Yet, while his attempts to rebrand India as a global manufacturing and investment hub have garnered global attention, many have been surprised at the slow pace of reforms given Modi’s historic mandate.

In this article, we break down some of the factors that shape India’s current business landscape by identifying what reforms have been passed, the growth of state-based reforms, and the reasons why the federal government has faltered on some of Modi’s more ambitious proposals.

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Navigating HR Due Diligence in India

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By Dezan Shira & Associates

Foreign companies entering the Indian market cannot fail to note the potential of the country’s large and diversified labor pool. India is currently coming into a unique demographic dividend and has a high working age population, while accelerated economic growth has increased the demand for skilled manpower. It, therefore, becomes essential for foreign companies to conduct thorough due diligence when navigating India’s human resource (HR) environment, which is filled with a myriad of considerations that do not exist in other emerging economies.

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India City Spotlight: Investing in Vishakhapatnam

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By Vasundhara Rastogi

Vishakhapatnam, often abbreviated to Vizag, is a coastal port city in the state of Andhra Pradesh. It is located in the northeastern part of the state, nestled between the hills of the Eastern Ghats and the Bay of Bengal. Known for its beautiful landscape and golden beaches, the city is also called ‘Jewel of the East coast’ and ‘Goa of the East’.

Vishakhapatnam is the administrative headquarters of Visakhapatnam district. With a population of 4.29 million, it is the largest city in Andhra Pradesh. It is also home to the Eastern Naval Command of the Indian Navy.

Once a small fishing hamlet, Visakhapatnam has seen rapid development in the past few years.  It is now a fully developed port city and a major industrial town in south India.

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Delhi NCR – An Emerging IT Hub in India

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By Vasundhara Rastogi

India has successfully established its information technology (IT) and IT enabled services sector, which currently accounts for about 67 percent of the world’s US$124-130 billion IT market. Overall, the IT sector generates over 10 million jobs in India.

This has led to the growth of several IT hubs across the country such as Bangalore, Delhi National Capital Region (NCR), Pune, and Hyderabad. While Bangalore is still regarded as the Silicon Valley of India, Delhi NCR is fast emerging as India’s foremost IT destination.

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Labelling and Indian Customs Regulations

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By Bradley Dunseith

All foreign products meant for direct consumption in India require specific labelling. India’s labelling standards sometimes deviate from international norms and improperly labelled goods risk being rejected or detained by customs officials. Staying abreast with current Indian labelling standards helps with the ease of exporting goods to India and avoids delays.

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Establishing a Trading Company in India

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By Dezan Shira & Associates

India is fast emerging as a global trade dynamo with its vast natural resources and huge supply of skilled labor. Undertaking considerable industrial deregulation and other structural reforms, regulators in India recognize that strong exports are critical for overall economic growth and poverty reduction. As such, export-led growth has become a key driver of trade in India – one of the most important trailblazers in the recent enormous expansion of international trade.

Indian trade has grown exponentially over the past few years, with exports rising at a rate well above the pace of growth of worldwide exports. In this atmosphere, opportunities have never been greater, and starting a trading business in India has never been easier.

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Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

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