India taxation bill targets longer tax certainty for manufacturers, foreign capital and diamond trade
Proposed amendments would simplify foreign-investment rules, ease leased data-centre operations and extend the manufacturing tax-exemption window by 10 years. Foreign rough-diamond trade in Mumbai and Surat zones would receive a 15-year exemption through FY2040-41.
Proposed taxation amendments simplify foreign-investment rules, ease leased data-centre operations and extend tax certainty for overseas electronics manufacturers. The Bill also grants 15-year exemptions for foreign rough-diamond trade in Mumbai and Surat zones, supporting India’s manufacturing and consumer-goods ecosystem.
Why this matters
The proposal follows India’s recent moves to extend relief for global manufacturing and cloud investment, while also widening incentives for foreign suppliers and contract manufacturing.
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