Other Briefings
Lawyer Required: Dezan Shira & Associates Mumbai Office
Mar. 23 – Due to expansion within the practice, a qualified Indian lawyer is required urgently within the Dezan Shira & Associates Mumbai office, located in Bandra. The ideal candidate will be familiar with foreign direct investment laws into India, as well as possess a basic understanding of Indian taxes as relates to FDI. Fluency […]
India to Open Nine US$1 Billion Road Projects for Bidding
Mar. 23 – India is opening nine road projects worth more than US$1 billion each for bidding in the coming months in an effort to improve its underdeveloped infrastructure sector. India is one of the major emerging economies in the region with various untapped business opportunities for foreign investors. The upcoming road projects are expected […]
India to Release New FDI Policy by March 31
Mar. 22 – Indian Commerce and Industry Minister Anand Sharma announced plans last week to develop India as one of the world’s leading manufacturing workshops with plans to soon release a new foreign investment policy directive at the end of the month to stimulate investment. Indian industry is dominated by the service sector and there […]
India-China Investment, Trade and Tax Comparison Available for Complimentary Download
Mar. 19 – 2point6billion.com has just produced a detailed comparison of Chinese and Indian investment structures for the foreign investor interested in the two countries. The report, which is available on the Asia Briefing Bookstore, details the procedural, operational and tax differences between Chinese and Indian representative, liaison, branch and project offices, as well as […]
India’s M&A Deals Surge
Mar. 19 – Indian mergers and acquisition activity has surged in the last two months making 2010 a record year for M&A activity. During the first two months of the year, M&A deals totaled to more than US$5 billion. A return to massive takeovers is set to happen when Indian mobile phone giant Bharti buys […]
Hotel Tax Holiday Extended to July 31
Mar. 19 – The Indian government has extended the five-year tax holiday for hotel projects from March 31 to July 31 in an effort to stimulate development in the industry prior to the Commonwealth Games in October. The five-year tax holiday previously applied to hotels finished and operational from April 1, 2007 to March 31, […]
Nuclear Power Sector to Remain Closed to Investment
Mar. 19 – India’s Minister of State for Science and Technology confirmed on Wednesday that no foreign or local investment will be allowed in the nuclear power sector because of its extremely sensitive nature. “The government has no proposal to allow FDIs and domestic private sector participation in generation of nuclear energy, given the sensitivity […]
PWC India Set to Increase Headcount to 10,000 in Next Two Years
Mar. 17 – PriceWaterhouseCoopers India has announced plans to increase staffing levels to up to 10,000 accountants, tax specialists and auditors from the current 6,500 in the next two years. PWC India Chairman Gautam Banerjee announced the move in an interview with the Financial Chronicle. He described India as “a vibrant economy, becoming more complex,” […]
