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Doing Business in India

Insights Thought Leadership

Doing Business in India

The manufacturing sector has emerged as one of the sectors in India with high growth. The ambitious “Make in India” program launched by the Hon’ble Prime Minister, Shri Narendra Modi, has played a pivotal role in this regard and has significantly helped not only in placing India on the world map as a manufacturing hub but also in providing global recognition to India’s growth story.

According to the United Nations Conference on Trade and Development (“UNCTAD”), India ranked among the top 10 recipients of Foreign Direct Investment (“FDI”) in South Asia in 2019, attracting US$ 49 billion – a 16% increase from the previous year.

Cumulative FDI in India’s manufacturing sector reaching US$ 88.45 billion during April 2000 to March 2020 is a manifestation of the increasing attractiveness of India as destination for foreign investments. Furthermore, with its increasing liberalisation and business friendly environment, India has jumped 79 positions to rank 63rd in the ‘Ease of Doing Business index’ as per the World Bank’s Ease of Doing Business Ranking, 2020. In accordance with the latest data released by the Government, the FDI inflows have gone up by almost 15% during the first half of the current year with Singapore topping the list. In terms of numbers, the data shows that despite the pandemic, FDI inflows in India have topped US$ 30 billion during April-September compared to US$ 26 billion in the corresponding period of the last year.

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Singapore VCC – At a glance

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Singapore VCC – At a glance

The Variable Capital Company (VCC) framework has become a game changer for the fund management industry in Singapore. Our VCC flyer gives a snapshot of the key features of VCC, its broad tax framework, an overview of the VCC Grant Scheme (providing for upto 70% funding of set-up cost) and how we can assist you on a holistic basis.

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Webinar on “Singapore Hold Co structure and New VCC Fund regime”

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Webinar on “Singapore Hold Co structure and New VCC Fund regime”

Dhruva Advisors Singapore hosted a knowledge sharing webinar session on March 18th, 2020 for the members of ICAI Singapore chapter to deliberate on the Singapore Hold Co structure and the recently introduced Variable Capital Company (VCC) regime. The session was attend by lot of members and was very interactive.

Mahip Gupta, Partner at Dhruva Advisors presented the session. Link to the copy of our VCC flyer is available below:

Dhruva Advisors Singapore, Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2020

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Dhruva Advisors Singapore, Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2020

Dhruva Advisors, supported by Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) hosted a webinar session on Feb 06th, 2020 to deliberate on the impact of the India Union Budget 2020 tax proposals on the foreign investors and the Indian economy.

Dhruva Partners – Mahip Gupta and Vishal Gada led the session and industry experts provided their in-depth insights on key policy and tax announcements.

Link to the copy of the presentation and recording is available here:

New Singapore Fund Structure – India & Singapore perspective

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New Singapore Fund Structure – India & Singapore perspective

Dhruva Advisors recently hosted a breakfast session in Mumbai for the financial services industry, deliberating on the “New Singapore Fund Structure – An India & Singapore Perspective”. This highly relevant and topical session was helmed by Dinesh Kanabar, Mahip Gupta and Punit Shah.

Do reach out to our specialists (punit.shah@dhruvaadvisors.com and mahip.gupta@dhruvaadvisors.com) for further insights on how we could be of relevance to your organization.

Recent tax and regulatory reforms – India & Singapore perspective

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Recent tax and regulatory reforms – India & Singapore perspective

Dhruva Advisors hosted a knowledge sharing seminar in Singapore to deliberate on the recent tax and regulatory reforms in India & Singapore, on October 24th, 2019.

The session touched upon numerous pertinent topics from the Indian Income Tax Ordinance 2019, ETR, MLI under BEPS to proactive strategies & new structures within Singapore, such as the “Singapore Variable Capital Company regime” to address tax treaty challenges.

Dhruva Partners Mahip Gupta & Vishal Gada presented these topics, engaging in a comprehensive dialogue with various industry players, sharing the Dhruva perspective on the far-reaching impact of these reforms.

Dhruva Advisors Singapore – Enterprise Singapore on India Budget 2019-20

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Dhruva Advisors Singapore – Enterprise Singapore on India Budget 2019-20

Dhruva Advisors was honoured once again to collaborate with Enterprise Singapore for the Indian Budget 2019 on 9th July, 2019 at 9.00 am in Singapore (ESG’s Bugis office).

The event was to throw light on the tax aspects of Union Budget, macroeconomic, business perspective and certain key issues of India’s growth trajectory, tax management and job creation .

Our CEO, Mr. Dinesh Kanabar along with representatives from India and Singapore government and other leading experts provided their insights on the India Union Budget.

14th Annual Asia Tax Forum 2019

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14th Annual Asia Tax Forum 2019

The 14th Asia Tax Forum, the premier event in the region for taxpayers, officials and practitioners, was held in Singapore on May 8th and 9th 2019. This year has seen significant change for international tax. With changes across the globe affecting businesses and tax environment in the Asia- Pacific Region, it is vital for tax professions to get ahead of the cross- border implications. Advancements on BEPs continue and implementation has started. The Asia Tax Forum looks ahead into the year whilst tax professionals advise on best practices. Moreover, technology has a huge impact on modern day. The digital economy has taken flight in recent years and discussions on taxing the digital economy is raising debate. The evolving tax environment makes it essential that tax executives in Asia and globally keep themselves informed of what might affect how they manage their company’s tax obligations. The Asia Tax Forum has become the best opportunity for tax leaders to meet and share experiences of dealing with tax issues.

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