India Briefing News

India Eyes US$3 Billion Incentive Package to Boost Electronics R&D and Manufacturing

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India is working on a US$3 billion incentive package to promote private sector R&D and foster the creation of homegrown electronics brands.

India Extends IT Hardware Import Management System Until December 31, 2025

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India has extended the import management system for seven IT hardware products (under HSN 8471) like laptops, PCs, and servers by one year.

India-Morocco Strategic Partnership: A Convergence of Regional and Global Aspirations

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India and Morocco’s economic and bilateral ties highlight their aligned strategic interests and foreign policy objectives. Their partnership aims to enhance regional influence, positioning both nations as pivotal gateways.

India Working on New GCC Policy to Tap Sector Growth with Fresh Incentives

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India’s Electronics & IT ministry (Meity) is working on a new policy framework at the central government level targeting global capability centers (GCC) and to support their growth beyond tier-1 hubs. As per media reports, these new incentives would be in addition to state incentives where the GCC entities are located.

Karnataka Global Capability Center Policy 2024-2029: Key Features

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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.

Mitigating Business Partnership Risks When Entering the Indian Market

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Foreign SMEs and investors can mitigate business partnership risks in India by conducting comprehensive due diligence checks and seeking local expert guidance for reviewing the target company’s history, financial health, legal compliance, and operational capabilities.

Tax Advisory for Remote Workers in India: Optimizing Savings

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We discuss key tax considerations, compliance requirements, and strategies to optimize savings for remote workers in India.

India’s Electronics Manufacturing: Tackling Challenges, Seizing Opportunities

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India’s electronics manufacturing sector is evolving, fueled by government initiatives, rising domestic demand, and a focus on self-reliance.

Modernizing India’s Maritime Economy: 2 Bills Tabled in Parliament

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Two new bills were proposed during the winter session of the Indian Parliament, aiming to enhance the country’s global maritime competitiveness and boost domestic waterway trade.

Quick Commerce Market in India and Key Players

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Quick commerce is transforming India’s e-commerce sector with ultra-fast delivery of high-demand items like groceries and personal care products. The market is projected to reach US$5 billion by 2025 and US$9.94 billion by 2029, according to estimates.

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