1 - Fast Improving Business Environment:

  • Indian is 7th largest country by area and 2nd largest by population. Only 4 countries in ASEAN are bigger than India’s largest state in size.
  • India has repealed over 1,000 regulations in the last 5 years to reduce compliance burden on investors.
  • Large scale infrastructural investments directed towards intra-country connectivity and as industry enablers.
  • Multitude of FTAs with several countries or group of countries.
  • Only a handful country in the world offers a bigger canvas than India

2 - Increased Profitability through Tax Incentives:

  • Three-year special window to book lowest Corporate Tax of 17.16% for new manufacturing units operationalizing before 31 March 2023 among MITI-V countries.
  • Attractive incentives to boost capital expenditure, increase production, employment creation and encourage exports.
  • Exemption/Deferment of Customs Duties under several schemes such as Special Economic Zones and Bonded Manufacturing.

3 - Lower Cost to Serve for Global Clientele

  • Ultra-fast Approvals. Most state governments are offering all approvals to start factory establishments within 30 days. Ready built factories are already preapproved for new investments.
  • Non-polluting industries categorized as White Industries relaxed from several permissions.
  • All states offer permissions through online plaô€†žorms with proper tracking mechanisms.