Steven will share his insights and expectations based on his dedicated transfer pricing experience over the last 15 years. Jack will draw on the firm’s 20 years of experience in the region and provide some practical case studies. Transfer Pricing risk and planning in ASEAN including discussion of BEPS initiatives and their impact on this region.Just back-to-back news from all your sources, with just one tap.

No hunting down webpages, no clicking refresh, no waiting. Features One Tap App All it takes is one single tap to start playing the latest news. Tax efficient holding locations for ASEAN investments Hourly News is the easiest way for you to listen to the top-of-the-hour updates from multiple news sources.ASEAN comprehensive Investment Agreement (ACIA) for foreign investors.With China losing its dominance in manufacturing speciality chemicals, Aarti Industries' leadership and scale will help it expand its business rapidly in the next few years.Jack Sheehan, Partner, DFDL Regional Tax practice group, and Steven Carey, Managing Director, Quantera Global, speak at the upcoming breakfast seminar “China plus One ASEAN tax and transfer pricing strategies” jointly organized by Quantera Global and DFDL on 15 October 2014.ĭFDL together with Quantera Global, one of the world’s leading independent transfer pricing advisory firms, invite you to join us for a one-hour fast-tracked seminar on tax and transfer pricing to jump-start your day. Given the tailwinds in the speciality-chemical industry, it has planned to invest around Rs 2,500- 3,000 crore in its chemical operations and Rs 350-500 crore in its pharma operations during FY22-FY24 to add over 40 products to its chemicals segment and over 50 products to the pharma segment, thereby increasing its overall operating margin. Over the last five years, its revenue and profits have grown by 8.4 per cent and 14.8 per cent, respectively, thereby helping its share price grow by a solid 41 per cent. Thanks to its global presence, the company earned 44 per cent of its FY21 revenue from exports. It has backward integration for most of its APIs.Īarti Industries earned around 83 per cent of its FY21 revenue from speciality chemicals and 17 per cent from pharmaceuticals. The company is one of the top three global players for Nitro Chloro Benzene (NCB) and Di-chloro Benzenes (DCB). Of its 20 manufacturing plants, 15 plants manufacture speciality chemicals and five plants manufacture pharmaceuticals. Involved in manufacturing speciality chemicals and pharmaceuticals, Aarti Industries has over 200 products and serves 400 customers worldwide. Prudent government policies and macroeconomic tailwinds have put India on a solid growth trajectory. The China Plus website also provides 24-hour live-streaming radio. Experts have also stated that this will ultimately result in an increase in employment opportunities. As revealed by companies from various sectors such as textile, pharmaceuticals, steel and speciality chemicals, the 'China Plus One' strategy acts as a major growth catalyst. COVID-19 news:See the latest coverage of the coronavirus. For example, the PLI scheme for the steel sector is expected to bring investments of Rs 40,000 crore. Comprehensive up-to-date news coverage, aggregated from sources all over the. In a bid to attract foreign investments, the Indian government has provided various incentives to many industries. As per a survey conducted by UBS, around 20-30 per cent of manufacturing activities may leave China and India is the primary candidate to capitalise on the situation, owing to low labour costs, a friendly business environment and government incentives. The strategy intends to make the global supply chain more efficient. Against this backdrop, multinational companies have come up with the 'China Plus One' strategy to diversify their businesses into other Asian countries, such as India, Bangladesh, Vietnam, Thailand, Malaysia and many more. News, analysis from the Middle East & worldwide, multimedia & interactives, opinions, documentaries, podcasts, long reads and broadcast schedule. However, a host of factors, including an increase in labour costs from an initial $0.6 per hour to $4.8 per hour in 2015, a stringent business environment and huge compliance costs, have now cast a shadow on this favourable situation in China. Accounting for about 30 per cent of the global manufacturing output, China has emerged as the manufacturing hub of the world over the last few decades on the back of a good business ecosystem and low labour costs.

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