1. ALM Presentation
J. Sagar Associates
advocates & solicitors
Ahmedabad | Bengaluru | Chennai | Gurgaon | Hyderabad | Mumbai | New Delhi
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Make in India
Your guide to long term
success in India
2. JSA Profile
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Firm A leading National Practice with 350 Lawyers including 73
Partners
Offices Ahmedabad, Bengaluru, Chennai, Gurgaon, Hyderabad,
Mumbai & New Delhi
Management Collegial Partnership – not family or individual owned or
controlled. Fully empowered Executive Committee for
Management
Resources Merit & Performance based platform, attracts exceptional
talent
Practice Area General Corporate Commercial, M&A and PE, Projects,
Banking & Finance, Capital Markets & Securities, Regulatory
& Policy, Corporate Compliance, Anti-Corruption &
Investigations, Dispute Resolution and Taxation
Our Vision is “To be the finest law firm in India”
3. JSA Work Culture
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• Integrity
• Teamwork & collaboration
• Learning
• People matter
• Exceeding client expectations
_________________________________
Our Mission is - “To provide outstanding
legal solutions in our chosen practice areas”
4. What others say about JSA
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“J Sagar Associates espouses the greatest values and quality in
the legal market in the country” - AsiaLaw Profiles
“JSA combines a merit-driven practice with a culture of openness
and inclusiveness” - Financial Times Asia-Pacific Innovative
Lawyers
“A dynamic firm with a modern outlook” which has “gone on a
push to challenge India’s old guard firms” – Chambers Global
"I thought they were excellent, particularly for a multinational
company looking for succinct, well thought-out advice that can
be used at board level" - Chambers Asia 2014
“JSA is clearly one of the star performers of recent years….it can
now justifiably claim a place as one of the country’s three
leading corporate firms” - The Asia Pacific Legal 500
6. India top FDI destination in 2015
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India has emerged as one of the
strongest performers with
respect to M&A deals across the
world
M&A deals struck during the
quarter were recorded at 233
deals worth US$6.79bn
Private equity inflow of
US$14.24bn in the first 9 months
of 2015
8. Investing in India
Automatic Route
☞ 100% investment permitted for most
sectors
☞ Threshold requirements for some
sectors; insurance (49%), commodity
exchange (49%)
e☞ Minimum capitalisation norms (NBFC,
Construction Development)
Partial Auto, Partial Govt.
☞ Telecom Services; beyond 49%
☞ Air transport; beyond 49%
☞ Broadcasting; beyond 49%
☞ Single Brand retail trading;
beyond 49%49%
Government Approval Route
☞ Defence - 49% investment with Govt.
approval; beyond with CCS approval
☞ Tea plantations
☞ Multi-brand retail trading …
conditions!
Prohibited
☞ lottery business,
atomic energy,
gambling & betting,
cigars and tobacco
manufacture
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9. FDI in pension sector
partly paid shares and warrants recognized as eligible
instruments
policy simplification- composite caps
relaxation of rules for ESOPs and sweat equity for non-
residents
clarification on leasing/sub-leasing arrangement
between group companies
New Processes – Aim is to de-license and de-regulate
industries
AIM IS TO IMPROVE EASE OF DOING BUSINESS IN INDIA
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Recent Reforms-Foreign Direct Investment
10. Procedural Reforms
E-biz portal
50 services identified for possible integration
licenses/registrations moved online
Streamlining procedure for granting industrial license,
incorporation of a company, registration of employee
provident fund and insurance, PAN & TAN, environment and
forests clearance
FAQs to facilitate investments
States/ UTs to consider simplifying regulatory environment
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11. Make in India Initiative
‘Make in India’ is the most ambitious program launched on
September 25, 2014 by the Prime Minister of India to
encourage multinational, as well as domestic, companies
to manufacture their products in India
To transform India into a global manufacturing hub, attract
capital and technological investment in India and create
new job opportunities
Boeing, Airbus Group, Fiat Chrysler Automobiles, Ford,
Hitachi, Lenovo, Xiaomi Lin Bin, Foxconn, Tetrapak,
Scania, Ericsson, and Volvo, German Defence Major TKMS,
have committed to successfully participating in Make in
India
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12. 100 Smart Cities
Prime Minister announced development of 100 smart cities as
satellite towns of larger cities and by modernizing the existing
mid-sized cities
Alloted INR 7,060 crores in 2014-15 Budget for making them as
Satellite Towns
Smart Cities to have adequate water supply, assured
electricity supply, sanitation, urban mobility & public
transport, robust IT connectivity and digitization, affordable
housing, e-governance, sustainable environment, safety,
health and education
Companies from 14 countries like US, Canada, UK, France,
Japan have been selected for preparation of smart city plans
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13. Digital India Initiative
Launched on July 1, 2015 ‘Digital India’ is the flagship programme
of the Government with a vision to transform India into a digitally
empowered society and knowledge economy.
Connecting rural areas with high-speed internet networks with
three core components, (a) Creation of digital infrastructure, (b)
Delivering services digitally, and (c ) Digital literacy.
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15. Strong fundamentals make India an
exciting foreign investment destination
‘Red carpet’ to investors
not ‘red tape’
Make in India
incentives
3 ‘Ds’: Demand; Demography
and Democracy
Ideal for exporting
to West Asia
Recent boost to
Indo-US ties
Strong
Economic
Outlook
Massive opportunities
Investment
Opportunity
Strategic and Global
Partnership
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16. International View
“India is coming online at an unprecedented pace, and I can
feel the change in the air. I am excited about technology, and
India will play a big part in its future”
- Sundar Pichai, CEO Google
“To promote ICT (information communication technology) in
India, we will be setting up a $150 million fund to fuel
innovation and foster promising Indian start-ups . who are
contributing to the mobile and ‘Internet of Everything’
ecosystem”
- Paul Jacobs, Executive Chairman of Qualcomm
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17. International View
“We have a unique tie with India. Our founder Steve Jobs went
to India for inspiration”
- Tim Cook Apple CEO
“India is personally very important to the history of our
company”
– Mark Zuckerberg, CEO Facebook
“Microsoft is looking to bring low-cost Internet in India. We
are in talks with state governments to expand it in 5,000
villages”
- Satya Nadella, CEO Microsoft
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18. Management & Ownership Structure
of Indian Companies
Most Indian Companies are Family Owned or controlled,
Management largely would be vested with Family or with
close Trusted Managers/ Advisors
Decision making often Conservative in Approach & Style
Mid size companies may lack Global experience of doing
Strategic, Financial or Technical collaborations
Adequately comprehend the importance of Governance,
Global Practices and Innovation
HIGH ASPIRATIONS TO GROW AND GO GLOBAL
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19. Dos and Don’t for In-House Counsel
Initiate any transaction with a Term Sheet/ MoU capturing
Commercial Terms clearly
Face to face Meetings for better understanding and
developing Trust and Business Relationships
Due-Diligence on Market Reputation and Business
Practices
Budget good time for understanding Regulatory
Framework, Negotiations & Closing
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