
Doing Business in India
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.
Download the entire report below.
Download
Singapore VCC – At a glance
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.
Download the entire report below.
DownloadMonetary Authority of Singapore
Monetary Authority of Singapore
The Monetary Authority of Singapore is Singapore’s central bank and financial regulator. MAS administers the various statutes pertaining to money, banking, securities, funds and the financial sector in general.
Inland Revenue Authority of Singapore
Inland Revenue Authority of Singapore
The Inland Revenue Authority of Singapore (IRAS) is the key tax administrator in Singapore.
Ministry of Finance, Singapore
Ministry of Finance, Singapore
The Ministry of Finance is responsible for designing regulatory policies and best practices in areas such as company law, accounting standards and corporate governance principles, to establish Singapore as an international business and financial centre.
Enterprise Singapore
Enterprise Singapore
Enterprise Singapore champions the growth of Singapore as a hub for global trading as well internationalisation of local businesses.
Singapore Economic Development Board
Singapore Economic Development Board
The Economic Development Board plans and executes strategies to sustain Singapore as a leading global hub for business and investment.
Ministry of Manpower
Ministry of Manpower
The Ministry is responsible for the formulation and implementation of labour policies related to the workforce in Singapore.