- India Global Business
Redefining MSME limits will facilitate MNCs to relocate to India
When multinational companies in China consider alternative investment locations in a post-Covid world, India will feature prominently in their discussions. And this definitive change can become the crucial differentiator in considering what each country has to offer.
Toyota Kirloskar Motor, the Indian arm of the Japanese auto major, was planning to bring several key suppliers from its global network to India following last year's cut in the corporate tax rate for new manufacturing units to 17.01 per cent.
That initiative may receive a boost following Indian Finance Minister Nirmala Sitharaman's announcement last week raising the investment and turnover limits for the classification of Micro, small and medium enterprises (MSMEs).