OneArabia ME reposted this
Sudhir Kumar, Senior Partner and Head of Corporate Communications-Kreston Menon, Director-Kreston Global Board, and Chair-Kreston Middle East, commented on the article published by OneArabia ME: 'India Reduces Income Tax On Foreign Companies To Encourage Global Investment.' 💬 "GCC businesses will benefit positively from the India Budget, which reduces corporate tax rates for foreign firms from 40% to 35%. This move is expected to boost foreign direct investment (FDI) from the GCC and other countries, supporting India's goal of becoming a $5 trillion economy. All GCC countries have established major business partnerships with India, and business activities are ongoing. As a result, GCC businesses are likely to increase their FDI and trade with India, leading to job creation in the country. Overall, India will become more competitive for foreign companies, benefiting both the GCC and other foreign investors." Read the full article 👉 https://lnkd.in/dknqn76g #Indiatax #India #ForeignTax #IndiaBudget #ForeignInvestors #Taxrates #GlobalInvestment #GCCBusiness #Partnership #Investment #IBPC #UAE #KrestonGoingGlobal2024 #KrestonInterpreneur2024 #kochi #GCC #riyadh #saudiarabia #middleeast #teamwork #fdi #GlobalBusiness #KrestonMenon #Kreston #KrestonGlobal #Knowingyou