| | | | India's ongoing recovery gathered momentum in the recent festive season, recording a decade high Diwali sale of INR 1.25 trillion (USD 16.82 billion). India is well on its way to becoming the fastest growing economy in the world driven by a stronger growth in key economic sectors including manufacturing, agri-food, e-commerce, pharmaceuticals, and telecommunications. To learn more about India's key emerging sectors in 2022, join our webinar with Business Intelligence Assistant Manager Koushan Das on December 9 2021. Read more below. Earlier this month, I discussed India's improving business environment and the key opportunities it presents to Russian exporters in a webinar organized by the Russian Export Club. Click here to view the recording. If you missed our webinar on financing your India business through equity options, you can find the webinar recording here. Our Business Advisory Services Senior Associate Vikas Saluja discussed the funding types, regulatory framework, and implications for securing equity financing in India. In this issue, we bring you several other important updates including 'PLI Scheme For Telecom Sector', 'India - Australia: Trade and Investment Prospects', 'What are India's Latest Guidelines on International Travel?', and 'Locating Your Export Base in Tamil Nadu'. Further, you can download our new November 2021 magazine 'Accessing Indian Consumers from Overseas and Opportunities in the Digital Economy'. In this magazine, we discuss options available to foreign firms to sell to the Indian online market, including suitable market entry strategies and business models, industry regulation, as well as consumer trends. Download it for free today! Lastly, if you are planning to relocate your manufacturing operations to a new market, do read our two new case studies below. Here, our Business Intelligence team explains the importance of a cross country competitiveness benchmarking to make an optimal relocation decision. If you have any questions about doing business in India, please do not hesitate to get in touch with us. | | | | | | UPDATES ON DOING BUSINESS IN INDIA | | | |  | What are India's Latest Guidelines on International Travel? | The government of India has issued fresh guidelines for international travelers. Now, RT-PCR negative report has been made mandatory for all international passengers arriving in India. Further, foreign tourists are now being allowed in India from November 15. Click below to view the latest travel guidelines. | | READ MORE | | | |  | Locating Your Export Base in Tamil Nadu | | Tamil Nadu is one of the most developed states in India and is an important trade base due to its connectivity infrastructure and mature manufacturing ecosystem. Go through this article to understand why locating your export base in Tamil Nadu can be a business-efficient decision. | | | READ MORE | |  | India to Democratize Digital Commerce in India | India is working to set up an Open Network for Digital Commerce (ONDC) to provide an e-marketplace alternative to proprietary e-commerce sites like Amazon. Read this article to learn what is ONDC and how it will impact online retailers in India. | | READ MORE | | | | | | India's Emerging Sectors in 2022 On December 9 2021, Business Intelligence Assistant Manager Koushan Das will discuss India's key sectors to pay attention to in 2022 along with opportunities and challenges they present for foreign investors planning to enter the Indian market. Koushan's presentation will include: -
Overview of key emerging sectors – healthcare, infrastructure, e-commerce, education, and engineering. -
Growth Drivers – India's macroeconomics, government policies, trends, and forecasts, etc. -
Opportunities and challenges for investors in the emerging sectors -
Investment outlook and trends To register, please click below. | | | | | | | | Financing Your India Business Through Equity Funding Options On October 29, Business Advisory Services Senior Associate Vikas Saluja discussed various private equity investment options in Indian businesses and their analysis from a regulatory and taxation perspective. During his presentation, Vikas covered the following topics: - An Introduction to various private equity (PE) financing options
- Types of equity shares
- Regulatory framework for PE investments and venture capital
- Structuring of foreign investment
- Tax implications
- Documentation for securing PE funding
Watch the webinar recording to learn more about the various equity financing options in India and how companies can opt for these to fund their India business. | | | | | | | | How BEPS 2.0 is Reshaping the Global Tax Landscape for Multinational Enterprises in Asia (China, Singapore, Hong Kong, India, and Vietnam) On October 27 2021, Dezan Shira & Associates' international tax specialists from China, Singapore, Hong Kong, Vietnam, and India, discussed BEPS 2.0, its impacts, tax developments, and incentives for each region. Our experts shared the most recent practices in each jurisdiction and provided practical tips to manage potential tax exposures. Watch this webinar recording to increase your understanding of new tax developments and tax incentives in each region. Key Topics covered in this webinar: - BEPS 2.0 and its impact on the common structures that will no longer be tax-efficient
- General introduction on the new tax developments in each region
- How to interact with various tax developments and utilize tax incentives in each region
Click below to watch the webinar recording. | | | |  | Jennifer Lu Senior Manager, Corporate Accounting Services | | | | | | | | INDIA'S TOP IMPORT EXPORT ITEMS AND DESINATIONS In FY 2020-21, India's imports and exports stood at US$394.43 billion and US$291.80 billion, respectively. Despite the subsequent economic downturn during the pandemic, foreign trade for FY 2020-21 saw expansionary trends developing in certain sectors and destinations owing to unique market demand and supply chain disruptions. In these infographics, we share India's top import export items and partner countries. Click here to see individual rankings and trade values. | | VIEW INFOGRAPHICS | | | | | | CASE STUDIES - FOCUS ON BUSINESS INTELLIGENCE | | | | | | Improving Competitiveness in Asia Manufacturing: Cross-Country Benchmarking for Relocation by a US
Hydraulics Manufacturer An American hydraulic systems component manufacturer wanted to investigate the feasibility of moving their manufacturing operations from China to an alternate location in Asia. Through a multi-country feasibility study, they were able to select an optimal relocation destination, reduce operational costs and tariff exposure, mitigate trade war risks, and obtain more direct control over the manufacturing process. | | READ MORE | | | | Building Supply Chain Resilience in Asia: Country Competitiveness Benchmarking by a European Textile
Manufacturer A European textile company with a manufacturing presence in China, planned to relocate their manufacturing unit to a more cost-competitive country in Asia. Through a multi-country feasibility study of eight South and Southeast Asian countries, they were able to find the most optimal choice from a cost and operational perspective. | | READ MORE | | | | | | Accessing Indian Consumers from Overseas and Opportunities in the Digital Economy | India is among the world's fastest growing digital economies, with its consumer digital market projected to reach US$800 billion by 2030. Multiple industries have received an online boost, both in the services and manufacturing sectors, through the application of technology. The creation of internet-based platforms and micro sales channels proliferating on social media have driven prospects for business-to-business commerce and business-to-consumer transactions. In this issue of India Briefing magazine, we directly address how foreign companies can sell to India's online market, including choosing the right business model, compliance, and tax liability. Next, we explore the distribution channels available to foreign retailers, including an overview of the fast-evolving Indian third-party logistics (3PL) sector. In the final chapter, we spotlight key digital service segments in the country that have received a long-term market boost since the pandemic necessitated remote-based activity. In this edition of India Briefing magazine, we discuss: This magazine is free to download and provides foreign companies with an overview of options available to sell to the online Indian market. Contact us now to learn how our team of experts can assist you in understanding India's e-commerce sector, connect you with distributors and agents to support your India export strategy, and lastly in setting up an online business in India. | | DOWNLOAD | | | | | | READ OUR PUBLICATIONS FROM ACROSS ASIA | | | | | | | | | | DELHI delhi@dezshira.com +91 11 4706 8058 404, 4th Floor, DLF Courtyard, DLF Place District Centre, Saket, New Delhi 110017, India | | MUMBAI mumbai@dezshira.com +91 22 6239 6004 Unit No. 405/A, B Wing, Kanakia Wall Street, Andheri Kurla Road, Andheri (East), Mumbai 400093, India | | BENGALURU bengaluru@dezshira.com +91 80 6185 2024 Supreme Overseas Exports Building, 1st and 2nd Floor, Jayanagar, 7th Block, KR Road
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