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Karnataka Global Capability Center Policy 2024-2029: Key Features
The Karnataka Global Capability Center (GCC) Policy, launched November 2024, focuses on AI, collaboration between academia and the private sector, R&D, talent development, and expanding investment zones beyond the capital Bengaluru through fiscal, regulatory, and tax incentives.
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Bengaluru, India: Foreign Investment Brief
In this investment brief of Bengaluru, the capital of Karnataka in South India, we discuss key industry opportunities, the city's living environment, and prevailing infrastructure.
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Survey: Bangalore on the Rise
In a recent survey conducted by the Global Initiative for Restructuring Environment and Management (GIREM) and real estate consultancy firm DTZ, Bangalore has been ranked as India’s top business destination in terms of infrastructure, human capital, city culture and basic quality of living.
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India’s Top Six Cities – Free City Guides!
Asia Briefing takes a closer look at India's top six cities (by GDP) in the newly released Indian city guides for Mumbai, New Delhi, Kolkata, Bangalore, Chennai and Hyderabad. These city guides are available for free download on the Asia Briefing bookstore.
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Court Ruling Says Payment in Kind Also Subject to Tax
Aug. 4 – A recent Supreme Court decision has ruled that payment made in kind will also be subject to taxes in India. This was based on an appeal made in court by local company Kanchanganga Sea Foods regarding its payment in kind to Hong Kong-based company Eastwide Shipping for lending the use of vessels […]
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Mahindra & Mahindra to Establish Special Economic Zone for Aerospace Sector
Jul. 6 – Indian conglomerate Mahindra & Mahindra is in negotiations to establish a special economic zone (SEZ) targeting the aerospace sector industry. The 250-acre SEZ will be located near Bangalore International Airport following a public private partnership model. M&M is not new to the aerospace industry. The company opened a component-making facility at Malur […]
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Monorail Manufacturers Concentrate on India’s Infrastructure Boom
Apr. 12 – As the Indian economy develops, the need for massive improvements in its transportation network also increases. With Mumbai’s first monorail service about to be launched and those familiar street level cantilevered rail lines now weaving their way above the city’s roads, other places in the country have already started taking notice. All […]
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Karnataka Considers Global Financial District
Mar. 12 – Karnataka government is considering establishing a global financial hub in Devanahalli district located near Bengaluru International Airport. Senior officials from 45 banks, insurance companies and mutual funds have expressed interest in the district according to state minister for large and medium industries Murugesh Nirani. “We are looking at a public private partnership […]