Other Briefings
Gujarat to Become Wi-Fi Secure State
Aug. 31 – Gujarat is set to become the country’s first Wi-Fi secure state after it was found that most terrorist emails in bomb blast cases were sent via unsecured Wi-Fi connections. India’s Department of Telecommunications has already released new compliance requirements for Wi-Fi and ISP for public places, homes and other businesses. Elitcore Technologies […]
Nissan Relocates Supermini Car Production to India
Aug. 28 – Japanese automaker Nissan is relocating the production of its supermini, the Micra, to India from the United Kingdom beginning May 2010 as part of its plan to manufacture more models in the country. According to The Times of India, Nissan plans to invest about US$400 million in India as a way to […]
New Measures Announced to Help Slipping Exports
Aug. 28 – The government has announced new measures to help India’s 10 month export decline in its new Foreign Trade Policy for 2009-14 released yesterday. The country’s exports have dropped by 31.3 percent during the first quarter of this fiscal year. The government has decided to act by expanding its export scope to offset […]
Foreign Investors Have 18 Months Left to Obtain Tax Breaks
By Chris Devonshire-Ellis Aug. 28 – India’s new tax code may create a window of opportunity for foreign investors wanting to enter the Indian market with reduced tax rates. Currently, special economic zones (SEZ) in the country carry tax breaks of up to 15 years in some sectors, in addition to a number of other […]
Report: India Good Value for Investment
Aug. 27 – 2point6billion.com has just produced a comprehensive breakdown of the costs of business and living between China and India. Using data taken from the recent UBS Global Prices and Earnings Report, the 2point6billion examination provides commentary on UBS data from Beijing, Shanghai, Delhi and Mumbai and uses New York as a benchmark. Titled […]
Criticism of India’s News Tax Code Unjustified
Aug. 27 – India’s new tax code changes have led analysts to suggest that this would make the country a less attractive venue for foreign investment, according to The Financial Times. The draft of the tax code includes such changes as taxing assets regardless of whether investors have realized profits or not and giving tax […]
Infosys to Open IT Special Economic Zone
Aug. 27 – Top software company, Infosys, is scheduled to open an IT special economic zone (SEZ) soon located in Kerala’s capital of Thiruvananthapuramson. The SEZ is beside the Technopark IT campus and will have two buildings.”Each building has a capacity to seat 1,500 professionals. The first one will open shortly, some last bit of […]
Harley-Davidson to Enter Indian Market
Aug. 26 – Harley-Davidson has announced that it will enter the emerging Indian market with its range of elite cruiser motorcycles. The details of their model-range and pricing in India are still pending release. With the economic slowdown taking grip in its home country, U.S. companies are now looking at expanding their markets abroad. “Harley-Davidson […]
