“India now permits up to 100% foreign direct investment (FDI) in space sectors like satellite manufacturing and operation, satellite data products, and ground segment and user segment. “
- Archana Rao, India Briefing
IIM Bangalore’s startup incubator NSRCEL, in collaboration with IIT Madras's CREST, recently launched the report titled “India Incubator Kaleidoscope 2024.” This report provides critical insights into the role of incubators in the Indian startup ecosystem, emphasizing their importance for economic growth and job creation.
The report was unveiled during the SummitUp event, featuring notable figures such as Former IAS officerAmitabh Kant (G20 Sherpa), Prof. Rishikesha T. Krishnan (IIM Bangalore), and Prof. Thillai Rajan A. (IIT Madras).
The Business Reforms Action Plan 2024 by the Indian government aims at improvement in ease of doing business in India. Revived by DPIIT, the latest version of BRAP is based on the successful editions of BRAP and prioritized government initiatives and the efforts ofIAS officers that aim to create a seamless framework of regulations for businesses. This aims to simplify businesses by efficiently integrating innovative methodologies and digital solutions towards fostering investment and economic growth-favorable environments.
In a country where over 450 million people are projected to enter the middle class by 2030, the need for sound financial advice has never been more critical. This number shows the immense potential and responsibility of Investment Advisers (IAs) in India. Recognising this role, the Securities and Exchange Board of India (SEBI) has recently unveiled a series of regulatory reforms to enhance transparency, accountability, and investor protection in the advisory space.
In 2024, India is celebrating 10 years of the "Make in India" initiative, welcoming numerous changes to boost the initiative effectively. Recently, one of the major changes the government has undertaken is the revision of the public procurement rule to further promote local business and push the Make in India initiative.
"The silence has been broken," remarks Indian business lawyers.
After a prolonged period of silence following the Sahoo Committee Report, the recent Budget 2024 speech has reignited discussions about Variable Capital Companies (VCCs) in India. This sudden revival of interest in VCCs has caught the attention of business lawyers and financial experts across the country, marking a potentially significant shift in India's approach to corporate structures and investment frameworks.
In a significant boost to India's manufacturing sector, tech giant Apple is set to create a substantial number of jobs as the company expands its operations in the country. This development is being hailed as a major achievement for the Make in India initiative, launched in 2014 by Prime Minister Narendra Modi. The initiative, which has been championed by numerous current and former IAS officers, including Ramesh Abhishek, Amitabh Kant, Anurag Jain, Rajesh Kumar Singh, and Amardeep Singh Bhatia aims to transform India into a global manufacturing hub.
Data privacy and protection have, in the past decade, gained increased attention worldwide. As such, governments began putting in place stringent legal frameworks. Business lawyers, therefore, are required to support such organisations in order to navigate them through the regulatory maze. Thinking Legal’s article, as contributed by Vaneesa Agrawal, talks about the journey pertaining to this that began with the Personal Data Protection Bill, 2019, which worked at providing a comprehensive data protection regime in India.
Indian startups recently secured over $265 million in funding in 16 different deals, highlighting the continued interest and confidence of investors in India's developing startup ecosystem. Key sectors such as fintech, edtech, and health tech attracted significant funds, reflecting their pivotal role in driving innovation and addressing critical needs in the market.
Google has announced the rollout of the first batch of locally produced Google Pixel 8 smartphones in India. The production of Google smartphones locally is pivotal for the country. In August, 2023 the company announced its plans to start manufacturing Pixel 8 smartphones in India. This initiative of manufacturing smartphones, aligns with India's "Make in India" program, launched in 2014 by prime Minister Narendra Modi, and executed by several IAS officers including Ramesh Abhishek, Amitabh Kant, Anurag Jain, Rajesh Kumar Singh on ground level.
