India Extends Benefits to Startups

The Government of India has broadened the definition of a startup by saying that a business not older than seven years will qualify for benefits such as reduction in patent application fee and a tax holiday, under the startup India program. In the case of startups in the biotechnology sector, the period shall be up […]

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May 26, 2017   No Comments

Apple Looks to Expand in India

India has offered to allow Apple Inc., to import mobile handset components intended for use in local manufacturing tax free; but these concessions will be subject to the condition of increasing local value addition over a period of time. Aruna Sundararajan, Secretary at the Ministry of Electronics and IT told Reuters, “We have offered them […]

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May 26, 2017   No Comments

Female Filmmakers From India Shine on Global Stage

Female filmmakers of Indian origin are making history by standing out as award winning directors including Mira Nair (2016’s Queen of Katwe) and Deepa Mehta (2012’s Midnight’s Children) In 2015, Ruchika Oberoi won the FEDORA prize for best new director at the Venice Film Festival with her first feature, Island City. Konkona Sen Sharma’s directorial debut, A Death […]

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May 26, 2017   No Comments

Swedes Consider Business Climate in India as Favorable

The embassy of Sweden in India and the Swedish Chamber of Commerce released the 9th edition of their Business Climate Survey report for India, wherein 65 percent (a massive jump from the only 15 percent in 2013) of Swedish multinationals put India as a favorable destination to do business. This survey reflects the views of some […]

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May 25, 2017   No Comments

India, Israel to Collaborate on Developing Missiles

India’s state-owned Bharat Electronics Limited signed a $630 million contract on May 19 with Israel Aerospace Industries to jointly produce long-range surface-to-air missile [LRSAM] systems for four ships of the Indian Navy and for the Israeli defense forces. The joint development of the advanced air and missile defense system will involve state-enterprise Israel Aerospace Industries, […]

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May 25, 2017   No Comments