Govt unveils tax overhaul to woo global investors
Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, to attract foreign investment and bolster key industries like electronics and AI. The bill eases regulations for offshore funds and aligns fund managers in Gujarat's International Financial Services Centre with those in India, addressing concerns over taxation. If passed, the bill will extend tax exemptions for foreign-owned machinery and components, enhancing India's appeal as a manufacturing hub.