India Briefing News

PLI 2.0 for IT Hardware in India: Application Window Opens June 1

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India has notified the rules and incentives for the PLI Scheme 2.0 for IT Hardware. Companies interested can apply from June 1, 2023.

Tax Compliance Calendar for Enterprises in India in June 2023

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We provide a tax compliance calendar for June 2023 that highlights important India income tax and GST due dates and obligations.

Government Opens Applications for Semiconductor and Display Fabs under Modified Program from June 1

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India has updated its flagship scheme for the semiconductor sector, with a Modified Program seeking fresh applications from new and old applicants starting June 1, 2023.

Japan’s Omron Healthcare to Open a Medical Device Factory in Tamil Nadu, India

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In Tokyo, on May 30, the Chief Minister of Tamil Nadu, MK Stalin, oversaw the signing of an MoU between Guidance Tamil Nadu and Omron Healthcare. 

India to Clear M&A Proposals Between 15-60 Days: In Effect June 15, 2023

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Fast-track mergers and acquisition (M&A) proposals in India will now benefit from an even more simplified process from June 15, 2023.

Investing in India’s Madhya Pradesh State: Multi-Sectoral Opportunities for Foreign Companies

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We discuss the foreign investment scope in Madhya Pradesh, its progressive policies, sector-linked incentives, and key infrastructure.

Non-Resident Indians Confident About Investing in India, Cite Better Returns

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A survey by a fintech platform has shown that NRIs demonstrate a positive perception of India as a market delivering higher investment returns.

Why India is Allowing Chinese Fast-Fashion E-Commerce Giant Shein to Re-Enter its Market

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The Chinese fast fashion retailer Shein is making a comeback in the Indian market as its partnership with RRVL does not include FDI proposals.

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