India will soon update its industrial policy to boost domestic manufacturing and accelerate economic growth. Under the new plan, units located in industrial zones may be able to share infrastructure; a company need not purchase land or equipment but will be permitted to lease them on long-contract basis helping to...
India Proposes Local Content for Medical Devices
The Government of India's Department of Pharmaceuticals announced norms to qualify medical devices for government procurement. Per the norms that took effect on May 18, the percentage of minimum local content specified varies according to the type of the device. Type of Medical Device Minimum Local Content Medical disposables and consumables...
Foreign Investment into India at All-Time High
According to India's Department of Industrial Policy and Promotion, cumulative foreign direct investment (FDI) into India reached $498.9 billion in the 17 years from April 2000 to June 2017. During the last two financial years, FDI flows into India totaled $114.4 billion says a new KPMG report; this is an incredible forty...
12 Indian States Lead Business Reforms
India's Department of Industrial Policy and Promotion and its Ministry of Commerce and Industry, in partnership with the World Bank Group, released the results of the Assessment of State Implementation of Business Reforms 2015-16. This Assessment studies the extent to which the 36 states and federally administered territories have implemented DIPP’s...
India Approves Amazon's $500 Million Investment in Food Retail
India's Department of Industrial Policy and Promotion approved e-commerce major Amazon's proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online. Last year the government allowed 100 percent foreign direct investment for...
India's Simplifies Trademark Rules
In order to expedite and streamline the process of registering trademarks, the Department of Industrial Policy and Promotion in India replaced Trade Mark Rules 2002 by Trade Mark Rules 2017 which incorporate major changes in these regulations. The amended rules came into effect on March 6, 2017. Key highlights of...