| | | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| TOP STORIES THIS WEEK: | | Setting Standards for Manufacturing Excellence in India | | We explain how setting manufacturing standards to produce high-quality goods can maximize productivity and allow your manufacturing enterprise to be a part of global supply chains. | | | | India Mandates RBI Approval for Foreign Holding Company Mergers With Domestic Units | | India’s Ministry of Corporate Affairs issued a notification on September 9, 2024, announcing changes to the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016. The amendments pertain to the merger of a foreign company with its domestic subsidiary unit in India. | | | | India’s Semiconductor Sector: Tracking Government Support and Investment Trends | | The Indian government will launch the next phase of the India Semiconductor Mission within six months, with enhanced funding and a focus on developing new semiconductor hubs. In latest developments, Tata Electronics is expanding its semiconductor manufacturing capabilities with two additional fabrication plants in Dholera, Gujarat. | | | | India Shifts Gears: ‘PM E-DRIVE Scheme’ Replaces FAME to Accelerate EV Adoption | | Confirmed on September 11, 2024, the PM E-DRIVE Scheme provides INR 36.79 billion (US$438 million) in incentives to promote battery-powered two-wheelers, three-wheelers, ambulances, trucks, and other advanced electric vehicles (EVs). However, four-wheeler EVs (electric cars) are outside its purview due to a reduced GST rate of 5%. | | | | New SEBI Rules Simplify FVCI Registration and Investment, Set to Launch in 2025 | | The Securities and Exchange Board of India (SEBI) has introduced new regulations aimed at simplifying the registration and governance processes for Foreign Venture Capital Investors (FVCIs). These updated rules, effective from January 1, 2025, transfer the responsibility of managing FVCI registrations from SEBI to Designated Depository Participants (DDPs). | | | | India-U.S. Boost Clean Energy Ties: Collaboration on Hydrogen, Sustainable Aviation | | India and the U.S. have declared their intention to work together on a number of projects aimed at advancing the use of hydrogen in buses, tractors, and heavy machinery, as well as encouraging the use of sustainable aviation fuel and the electrification of medium- and heavy-duty vehicles. |
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| COMPLIMENTARY BUSINESS RESOURCES: | | | | | | Optimizing Returns: Strategies for Success in India's Service Sector | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | A Guide to Hiring in Indonesia | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. |
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