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...
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'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...
India Abolishes Foreign Investment Advisory Body
India's Federal Government approved dismantling the 25-year old Foreign Investment Promotion Board, in order to streamline the flow of foreign capital into the country. By abolishing the Foreign Investment Promotion Board India's minister for finance, Arun Jaitley, removed a layer of decision-making for foreign direct investment approvals in 11 sectors...
India Contemplates Opening Up Food Retailing
Foreign food retailers may soon be allowed to sell personal care products made in India up to 25 percent of their total merchandise sales. India's Department of Industrial Policy and Promotion has for the first time endorsed this proposal. The idea behind the move is to encourage "organized" (mass market) retailers...