India Legal Updates

HLS India publishes updates covering legal, regulatory, and important judicial pronouncements with analysis on corporate laws, taxation, advisory, industry and expats related matters.


Supreme Court of India Flags Lapses in implementation of POSH Act


Practising CA, CS and CWAs brought under the ambit of PMLA in case...


Taxation of Income from Royalty and Fee for Technical Services (FTS)

INDIA LEGAL UPDATE (11 April 2023)

RBI issues Framework for Acceptance of Green Deposits

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Indian Union Budget 2022 Highlights

– India’s economic growth estimated at 9.2% to be the highest among all large economies.
– 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors.
– PLI Schemes have the potential to create an additional production of Rs 30 lakh crore.
– Entering Amrit Kaal, the 25 year long lead up to India @100, the budget provides impetus for growth along four priorities:

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Why India?

India is one of the fastest growing economies in the world. Doing successful business in India’s complex and diverse markets requires long-term planning, a deep understanding of consumers, patience, and a location-by-location strategy.

HLS Global supports multinational companies with devising the best strategy to do successful business in the Indian market. We help clients and investors with their India entry strategy, incubation and business setup, operations, and advisory. With a presence of bilingual professionals in our US, Mexico, Tokyo and New Delhi offices, we help our clients assess the market and navigate them the ever-dynamic culture of India. Please contact us to get in touch with our India market entry professionals.

India Insights – Government Initiatives

By 2022, the construction market in India is expected to emerge as the third-largest globally. 100% FDI is allowed under the automatic route for urban infrastructures such as urban transport, water supply, and sewage treatment

Broadband for all villages by 2022 – to increase present route length of the optical fibre cable from 2.2 million kilometres to 5 million kilometres

FDI norms in 15 sectors liberalized. Distinction between Foreign Direct Investment and Foreign Portfolio Investment eliminated

Enhancing manufacturing through investments, innovation and by building a leading manufacturing infrastructure

Indian Railways plan to run on 100% electricity by 2024 and become a net-zero emission network by 2030 – rail infrastructure will see an investment of USD 700 billion by 2030

Annual renewable energy target of 450 GW by 2030 – to increase the country’s share of non-fossil-based installed electric capacity to 40 percent by 2030

The government of India aims to construct 65,000 km of national highways at a cost of USD 741 billion by 2022

300 million youth to be skilled by the year 2022

Combined outlay of about USD 22.5 billion to create 100 Smart Cities and rejuvenate 500 cities (AMRUT)

USD 1.5 billion ‘fund of funds’ created to support Startups. Specific inputs to promote the growth of startups in India

Combined outlay of USD 10 billion for Clean India Mission and Clean Ganga. USD 6.5 billion for SWM plants and community toilets

Our Sources:

  • Press Information Bureau – Government of India
  • India Brand Equity Foundation (IBEF)
  • Ministry of New and Renewable Energy – Government of India
  • Department of Telecommunications, Ministry of Communications – Government of India
Please contact us to get in touch with our India market entry professionals.