DUBLIN--(BUSINESS WIRE)--The "Evaluating Go-To States for Setting Up New Manufacturing Facility in India: Corporate Tax Cut Makes India an Attractive Investment Decision" report has been added to ResearchAndMarkets.com's offering.
The trade war between the US and China, Corporate Tax Cut by India and Improvement in Ease of Doing Business in India augurs well for the Indian economy assuming that the slowdown in the global economy does not last long and resumes growth trajectory soon. All the macro indicators augur well for the Indian economy and slew multiple reforms announced by the Indian government to stem the slowdown in the economy is anticipated to yield results in 2-3 quarters from now.
India is certainly one of the most favoured investment destinations and every company in the world would want to take advantage of the new economy that's shaping under Modi 2.0. The recent cut in the corporate tax rate for existing companies to 22 percent from 30 percent, and to 15 percent from 25 percent for new manufacturing firms incorporated after October 1, 2019, and starting operations before March 31, 2023, is a bold move by the Government of India.
This move has made India a very attractive destination for foreign investment. India's corporate tax rates have become very competitive compared to those of other emerging market economies in ASEAN and other parts of Asia. For any company that plans to make new investments, no country is offering a 15 percent tax rate. We are giving 15 percent with no MAT (minimum alternate tax) and a simpler taxation structure.
The economy that is reeling under slowdown, is a bold reform that will enable India to resume its growth trajectory on the back anticipated increase in foreign direct investment. The cut in corporate tax rate has coincided with the improvement India has seen in its ease of doing business, India's rank in the World Bank's Ease of Doing Business 2020 index has vaulted 14 places to 63rd among 190 economies.
When it comes to making Go-No-Go decision on new investment, it becomes important to do in-depth analysis beyond the headline indicators, this becomes more important when a company is entering in a market where state-specific variables can make the successful outcome a difficult task.
With over 29 states and 7 union territories, shortlisting investment location is not an easy task and the publisher aims to enable companies to make an informed decision by understanding the attractiveness and risks associated with each state in India, especially when it comes to make a right investment decision. The research report's State Investment Attractiveness Index will enable companies to find out which are the best Go-To states for making Fresh Investment in India.
The report aims to do a competitive benchmarking of leading states on parameters like resource attractiveness, policy attractiveness, political attractiveness, environmental attractiveness, infrastructure attractiveness, industry attractiveness and based on all parameters shortlist most attractive investment location /cluster in a given state. The research is a mix of qualitative and quantitative benchmarking which will help companies make an informed decision.
The report will also help companies that have taken the decision on investing in India but are evaluating which state in India it should set up shop basis factors like availability of land, labour, water, electricity, political stability, proximity to the port, roads and highway infrastructure etc.
Key Topics Covered
1. Executive Summary
2. Approach & Methodology - Market Attractiveness Framework
3. Overview of Indian Economy
4. Reforms under Modi 1.0 and 2.0
5. Key Industries in India
- Electrical & Electronics
6. Most Industrialized States in India
7. Shortlisting States for Investment Attractiveness Analysis [12-15 States]
- Region-wise: East, West, North, South
8. Investment Attractiveness Index of Key Industrialized States in India
Resources Attractiveness: Resources Availability & Competitiveness
- Raw Materials
Policy Attractiveness: Government Enabling Policies & Regulations
- Number of Permits & Clearances Required
- Politics Attractiveness: Political Stability
- Natural Calamity etc - Flood, Earthquake instances
- Proximity to Ports
Industry Attractiveness: Maturity of Existing Industries
- Which industries are present in state & why?
- What is the state GDP category
- Publisher recommendation which is the key cluster for setting up a new manufacturing facility
- Best suited for which type of industry
For more information about this report visit https://www.researchandmarkets.com/r/catm0u.