India planning tax holiday to win new investments, seize markets from China
Shortpedia
Content Team
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India’s trade ministry is proposing a tax holiday for companies bringing new investments as the government explores measures to support the economy amid the coronavirus pandemic. The proposal to give a 10-year full tax exemption to companies making new investment upwards of $500 million is being evaluated by the finance ministry to grab the opportunities coming India's way as major firms are leaving China.
