The south Indian state of Andhra Pradesh recently unveiled its new industrial development policy – promising key tax breaks, setup incentives, and subsidies.
The Companies Fresh Start Scheme 2020 and revised LLP Settlement Scheme 2020 will facilitate entities to complete their filing requirements by September 30, 2020.
Foreign companies looking to do business in India should perform a due diligence check to identify or prepare against any possible risk exposure.
India’s economic recovery is underway after withstanding some of the worst impacts of COVID-19, including extended nationwide lockdown.
India is extending dates for filing income tax returns and GST compliance procedures among measures to ease burden on businesses and entrepreneurs.
Karnataka’s new industrial policy will incentivize high-tech investments, jobs creation, and expand industrial and technology hubs beyond Bangalore.
Conducting thorough due diligence before doing business in India is advised for all foreign investors given the country’s complex market and regulatory environment.
Indian and Southern African Customs Union trade officials have held online meetings to discuss a Preferential Trade Agreement, which if implemented, will reduce tariffs on various products.