| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | The February 13 meeting between Indian Prime Minister Narendra Modi and US President Donald Trump at the White House Oval Office in Washington, D.C., marked another interesting juncture in the India-US partnership. Discussions covered trade, defense cooperation, energy security, space exploration, and regional security concerns. | | | | | Held from February 12-14, the Karnataka Global Investor Meet 2025 secured investment proposals worth INR 10.27 trillion (US$118.26 billion). Additionally, the state government launched the Industrial Policy 2025-30, aiming to create two million jobs by 2029 and achieve a 12 percent annual manufacturing growth rate. | | | | | Micro, small, and medium enterprises (MSMEs) contribute more than 30 percent to India’s GDP and around 45 percent of India’s exports. The Union Budget 2025-26 has revised the investment and turnover criteria for MSMEs besides increasing policy support and credit access. | | | | | A new Income Tax Bill 2025 is being considered by the Indian Parliament, which seeks to modernize tax laws, enhance transparency, and simplify compliance for individuals and businesses. We explain key provisions in the proposed legislation. | | | | | India’s Health Ministry has extended the compliance deadline for small and medium pharmaceutical firms to upgrade facilities under the revised Schedule M of the Drugs and Cosmetics Act. Manufacturers now have until May 11, 2025, to submit Form A to the Central License Approving Authority, granting them additional time for infrastructure upgrades, personnel training, and financial planning. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | This latest issue of ASEAN Briefing magazine provides a detailed exploration of these opportunities in the Halal industry. Through country-specific analysis, regulatory insights, and actionable strategies, we examine the unique contributions of Indonesia, Malaysia, and Thailand. | | | | | This guide aims to walk foreign businesses through the annual audit and compliance process from start to finish, in addition to introducing China’s accounting framework in a comparative context. | | |  |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Wednesday, March 26, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Webinar | Wednesday, February 26, 2025, 3:00 PM Singapore / 2:00 PM Vietnam / 9:00 AM CET | | | | | Seminar/Hybrid Event | Wednesday, February 26th, 2025, 4:30 PM to 7:00 PM ICT |
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