India's commerce minister Piyush Goyal said India is currently engaged with several economies to forge bilateral trade arrangements to create better opportunities for Indian exporters. Goyal made the remarks at a stakeholder consultation meeting with Export Promotion Councils (EPCs) and industry associations "to discuss strategies" for strengthening India's export ecosystem....
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...
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 Extends Benefits to Startups
The Government of India has broadened the definition of a startup by saying that a business not older than seven years will qualify for benefits such as reduction in patent application fee and a tax holiday, under the startup India program. In the case of startups in the biotechnology sector,...