In a significant and welcome move, the Government of India approved the new Insolvency and Bankruptcy Code (Amendment) Bill, 2019. As many as seven amendments will be made to the Code to help in the resolution of stressed assets. This has been pending for many years and international consultants have recommended...
India to Establish Itself as a Filming Destination
The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
India to Update Cross-Border Insolvency Laws
The Government of India proposes to amend the Insolvency and Bankruptcy Code through an ordinance by adding a chapter on international insolvency. The amended law will remove ambiguities about bankruptcy proceedings and bolster the confidence of foreign investors in India. The new law, which is a separate section for handling...
India Announces Changes to FDI Policy for E-Commerce
India's Ministry of Commerce and Industry released new changes to the FDI policy for the e-commerce sector which aim to cut predatory pricing and deep discounting by large e-commerce retailers to ensure a "level-playing field" for smaller and multi-channel players, as well as the brick and mortar retailers. The guidelines...
India's LED Market Burgeons
LED lighting, being eco-friendly and 80% more efficient than fluorescent and incandescent lighting, has witnessed phenomenal growth over the past few years in India, and the trend is expected to continue. There is an increased focus by the Government of India toward energy conservation and efficiency, and it plans to...
Is China Losing Ground to India in Manufacturing?
In an article written in Chinese by Wang Xinxi and published by Sina Tech, the author shares reasons why India is starting to threaten China's dominance in some parts of the manufacturing sector. In the mobile phone manufacturing business, global players such as Samsung, Apple, Foxconn, have invested in India-based...