Beneficial tax regime was announced to incentivise companies for setting-up manufacturing base in India

1. THE INDIA GROWTH STORY

2. India’s Unhindered Economic Growth
© Copyrights reserved

3. India – World’s Fastest-Growing Economy
01 Highest
in economic growth worldwide
02
Huge Potential
likely GDP growth could be
~8-9% in FY24 on a base of
USD 3.5 trillion
India’s GDP took only 5
years to move from
USD 2tn to USD 3tn
From being ranked #10
worldwide in 2015, India’s
GDP surpassed that of
Russia, UK, Italy, Brazil,
France to be presently
ranked # 5 worldwide
03
Economic Relations
in economic growth worldwide
Preferential access, economic
cooperation and FTA
with more than 50 countries
© Copyrights reserved

4. CONTRIBUTING FACTORS

5. Beneficial Corporate Tax Regime
© Copyrights reserved
Newly incorporated companies commencing
manufacturing on or before March 31, 2024
eligible for the regime
Beneficial tax regime was announced to
incentivise companies for setting-up
manufacturing base in India
Available corporate tax rates
Structures identifiable to avail beneficial tax regime for existing operations, especially where expansion
contemplated, subject to mitigating the anti-abuse provisions

6. Incentivization
• Incentives based on
incremental sales
• New PLI expected for
textiles, chemicals, bio-fuel,
etc
PLI SCHEME
• 25% incentives on eligible CAPEX
• Goods covered - Electronic components,
semiconductors, specialized sub-assemblies
and capital goods for these items
SPECS
• CAPEX subsidy for identified sectors
• Incentives approved for Champion
Sectors
• Varies state wise – with standard
incentives being reimbursement of
state taxes
• Negotiated package of benefits for
mega investments
STATE INCENTIVES
SECTOR SPECIFIC POLICIES
© Copyrights reserved

7. Measures To Promote Local
Public Procurement (Preference to Make in India), Order 2017
Amendment introducing revised concept of Class-I & Class-II local supplier
(with minimum value addition in India) and Non-local supplier.
Preference to local suppliers in procurement by Central Govt. debarring Non-
local suppliers from bidding where a Global Tender Enquiry is not invited.
General Financial Rules 2017 (GFRs)
Amendment made in the GFRs, disallowing Global Tender Enquiries (GTE) for
public procurement up to the value of USD 30 Mn
National Security Directive on Telecom Sector (‘Directive’)
Telecom service providers (‘TSP’) and internet service providers (‘ISP’) in India
to procure “Trusted Products” procured from “Trusted Sources”.
PROMOTING
MAKE IN INDIA
© Copyrights reserved

8. Revamp of Regulatory Landscape
© Copyrights reserved
SCOMET Recent
Developments
Gradual introduction of simplified licensing regimes
– Export for repair and return, GAICT, GAER, GAED
DGFT open to industry representations – focus on
ease of doing business in India
Greater scrutiny of new applications and
supporting documents including one on one
mapping
Improved enforcement and vigilance by customs
National Security
Directive
Government shall approve TRUSTED SOURCES and
TRUSTED PRODUCTS for installation in the
country's telecom networks – In line with TSA in UK
Relevant portal access would be given to vendors
Evaluation of product and its components with a
view to tighten network security
Trusted Product approval on case to case basis –
one year validity in most cases

9. Revamp of Regulatory Landscape – Miscellaneous
© Copyrights reserved
Compliance Applicability
Plastic Waste
Management
- Registration on the centralized EPR portal and submit Action Plan
- Fulfill Extended Producer Responsibility – reuse, recycle, use of recycled content, EOL
disposal
Registration under the
Legal Metrology law
- A one-time registration is required for persons engaged in importing and selling pre-
packaged commodity
- Other compliances not attracted case of sales to industrial or institutional consumers
WPC ETA certificate Product compliance for import of wireless products into India
BIS Standards to be followed for various products
MTCTE Testing and certification of various telecom equipment – Phase IV will cover routers,
switches, etc.

10. IMPACT

11. Foreign Investment
Into 61 different sectors and
across 31 Indian states
From162countries
With forward looking policy
regime, majority sectors do not
require any pre-approval or
licensing for investment into
India
Breadth Approvals
$532Bn
8 consecutive years of
growth in FDI received
Overlast90
months
© Copyrights reserved

12. Key Recent Foreign Investors In India
© Copyrights reserved
(Fresh/ Incremental Investment)
Google Hyundai Samsung Flex
Airbus
Kia
Amazon Web
Services Facebook
Pegatron
Dentsu Aegis
Network
Foxconn
Apple
Wistron
Google Cloud

13. Thank you