TOP STORIES THIS WEEK:

Apple’s Contract Manufacturers and Component Suppliers in India

Hon Hai Precision Industry Co. (Foxconn), Apple’s primary iPhone assembler, will invest US$1.5 billion in its Indian subsidiary to support ongoing expansion. According to media reports, the investment will fund new facilities and boost production capacity of Foxconn units in India.

FTAs and FDI Fuel Expansion in India’s Luxury Car Segment

Following the conclusion of the India–UK Free Trade Agreement on May 6, 2025, India’s luxury car market has returned to the spotlight. India remains committed to forging strategic trade deals to improve market access and reinforce its role in the global automotive supply chain.

India’s Manufacturing Sector Poised for Growth Amid Global Trade Shifts: Report

India is strengthening its manufacturing appeal to global investors, according to an S&P Global report released on May 19, 2025. Titled India Forward: Transformative Perspectives, the study highlights how shifting global trade dynamics could support India's long-term industrial growth.

Capital Gains Reporting Revised Under New ITR Framework

For the assessment year (AY) 2025–26, India's Income Tax Department has released seven Income Tax Return (ITR) forms. Key updates include enhanced capital gains reporting in form ITR-1 and ITR-4, in line with long term capital gains (LTCG) tax rule changes from the Union Budget 2024-25.

India's Semiconductor Sector: Tracking Government Support and Investment Trends

India’s Union Cabinet has approved a new semiconductor plant—a joint venture between HCL and Foxconn—near Jewar Airport in the YEIDA region. The facility will produce display driver chips for devices like smartphones, laptops, and cars, with a monthly capacity of 20,000 wafers.

COMPLIMENTARY BUSINESS RESOURCES:

An Introduction to Doing Business in Indonesia 2025

An Introduction to Doing Business in Indonesia 2025 provides insights into market entry, tax, HR & payroll, and audit and compliance considerations.

Transforming Business Operations with ERP Application

This magazine explores the essentials of ERP systems, spotlights the growth of Vietnam’s ERP market fueled by SME adoption and governmental support, and examines tailored ERP solutions for manufacturers to tackle industry-specific challenges.

UPCOMING EVENTS FOR ASIA:

India's Mandatory BIS Certification in 2025: Compliance Essentials for Businesses

Webinar | Wednesday, May 28, 2025, | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China

Unlocking Growth in Vietnam: A Strategic Opportunity for Australian Businesses

Webinar | Thursday, June 12, 2025, | 3:00 PM AEST / 12:00 PM Vietnam

Unlocking M&A Success in Indonesia: A Legal & Regulatory Deep Dive

Webinar | Tuesday, May 27, 2025 | 3:00 PM JKT / 4:00 PM China / 9:00 AM CET