Other Briefings
India to Raise Import Taxes on Luxury Items
India will increase import duties on a number of luxury items, including automobiles, televisions, high-end mobile phones, tablets, laptops and exotic foods. The increases are targeted at imported consumer goods that add no manufacturing or FDI value to the country.
India to Support Regional Telecoms Infrastructure
Jun. 14 – In a move to honor its commitment to develop its telecommunications infrastructure, Telecoms Minister Kapil Sibal confirmed that India’s Department of Telecommunications (DoT) has cleared a proposal to establish a total of 2,199 solar-powered mobile towers in regions which are affected by terrorist activity. India has recently experienced attacks in many of […]
New Bill to Bring Greater Regulation to Real Estate Sector
India’s Union Cabinet passed the Real Estate (Regulation and Development) Bill 2013 this week that will put into effect a uniform regulatory system for real estate developers.
Key Sectors for FDI in India: Manufacturing and Energy
May 28 – India is considered a foreign direct investment (FDI) “hot spot” and has seen FDI increase by 500 percent in the past decade. FDI reached US$33 billion during the 2012-13 fiscal year with India’s Finance Minister saying that the country is capable of handling as much as US$50 billion per year in FDI […]
Hilton, Starbucks Add to Their India Portfolio
May 14 – Looking to further break into the Indian market, Hilton Hotels has committed to expand its mid-market and luxury brands in the country. Hilton, which already has established various hotels in India, recently acquired an additional number of properties on which it looks to open up and develop hotels for its luxury brand, […]
Indian IT Companies Double Global Market Share
Mar. 27 – A report by Indian Brokerage Firm Angel Broking states that Indian IT outsourcers have doubled their share in total worldwide IT spending over the past six years. Furthermore, the larger Indian IT companies have performed better than other global players in the same period. In 2007, India’s IT companies accounted for US$31 […]
Mumbai to Open Second Airport Terminal in September
Mar. 21 – Mumbai International Airport (MIAL), currently handling approximately 30 million passengers per annum, is set to open its new Terminal 2 (T2) in September in a move that has been described as a “game changer” in regional aviation. Mumbai , currently the worlds 44th most busy airport, will be adding another 21,000 square […]
Volvo Targeting India’s Luxury Market
Mar. 19 – In a strategic move that underlines the dawning recognition of India’s growing wealth, the auto manufacturer Volvo, owned by Geely of China, is preparing a long term strategy for the Indian market which will concentrate on luxury cars. In a statement to news agency PTI, Volvo Auto India MD Tomas Ernberg said the […]
