Foreign Firms Branch Offices
Foreign firms lease 62% of office space in India's top 9 cities: CBRE
Foreign companies rented 111.6 lakh sq ft office space in January-March this year across nine major cities, contributing 62 per cent to the total demand, according to CBRE. Real estate consultant CBRE data showed that the gross leasing of office space rose 5 per cent to 180 lakh sqft in January-March across nine cities as against 171 lakh sqft in the year-ago period. Global corporates accounted for 62 per cent of office space leasing. Out of 180 lakh sqft gross leasing of office space, foreign firms rented 111.6 lakh sqft while domestic firm 68.4 lakh sqft. These nine cities are -- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, and Kochi. Anshuman Magazine, Chairman & CEO -- India, South-East Asia, Middle East & Africa, CBRE, said, "India's office sector is on a solid trajectory for sustained leasing growth, driven by strategic expansions from both domestic and global occupiers." Established hubs like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai ...
 "Foreign firms lease 62% of office space in India's top 9 cities: CBRE")
Not just foreign cos, Indian corporations also jumping on the GCC bandwagon
In the last four years, large Indian conglomerates like the Reliance Industries, the Adani Group, Dr Reddy's Laboratories (DRL), and Bank of Baroda have established GCCs locally
 "Not just foreign cos, Indian corporations also jumping on the GCC bandwagon")
Foreign firms must adapt to India's biz environment: TAITRA on Foxconn row
Amid the controversy surrounding Foxconn's hiring practices, Taiwanese trade promotion organisation TAITRA on Monday said that there could be some cultural issues but all foreign companies including Taiwanese firms operating in India need to adapt to the country's business environment. His comment has come against the backdrop of media reports claiming that Taiwan-headquartered Foxconn, a contract manufacturer of Apple iPhones, is allegedly discriminating against married women by not hiring them to work at its unit in Tamil Nadu. Rejecting the reports, Foxconn last month purportedly informed the government that 25 per cent of its new hires are married women and its safety protocol, which requires all employees to avoid wearing metal irrespective of gender or religion, is not discriminatory. Refusing to be drawn into controversy regarding Foxconn's hiring practices, Taiwan External Trade Development Council (TAITRA) Chairman James C F Huang emphasised that every Taiwanese company com
 "Foreign firms must adapt to India's biz environment: TAITRA on Foxconn row")
CG Power announces JV in semiconductors manufacturing with 2 foreign firms
JV investments will be completed only after satisfactory completion of the conditions in the agreement, and getting necessary approvals from the relevant government agencies
 "CG Power announces JV in semiconductors manufacturing with 2 foreign firms")
Foreign executives in China ask 'Who's Next?' After Bain & Company probe
US consultancy Bain & Company confirmed this week that Chinese authorities questioned staff at its Shanghai office, without revealing details on the nature of the investigation
 "Foreign executives in China ask 'Who's Next?' After Bain & Company probe")
Branch offices of foreign entities need central bank nod
Permission of RBI will also be required for opening a BO/LO/PO in Jammu and Kashmir, North East region and Andaman and Nicobar Islands
