India has embarked on its biggest economic reform in living memory with a mission to implement a consistent one nation, one tax regime. This edition of 'India Investment Journal' comes as a timely recap of what the Goods and Services Tax (GST) is all about and demystifies some of the jargon to highlight what exactly this mega reform means for foreign investors eyeing India's lucrative market. The big story section therefore analyses all the nitty-gritties of this new tax, implemented on July 1, and presents a broad snapshot of facts and figures associated with GST. We have some guest contributions and interesting asides, like an introduction to a lesser-known champion, associated with the topic as well. The bi-monthly property column, Realty Corner, also offers an insight on this new tax regime from the perspective of housing and what it would mean in the long term for the realty sector. Our Sector Focus segment focusses on India's renewable energy challenge and weighs up exactly how close the government is to meeting its 175GW by 2020 target and why India remains a bright light for a world shaken up by Donald Trump's decision to back-track from the Paris climate accord. An interview with one of the sector's key representative bodies, the Indian Electrical and Electronics Manufacturers Association (IEEMA), and a Guest Column by an industry veteran make up some of the other in-depth renewables review. Within our regular Flagship Schemes segment, we look at the credentials of Make in India three years on from its announcement by the Indian Prime Minister as well as Lockheed Martin's recent F-16 deal with the Tata Group. An interview with the Yes Bank chief, Rana Kapoor, comes on the back of his pioneering partnership with Santander to open up the Indian market to UK companies looking to invest in India and vice versa. He also delves into how his bank has been plugging into the Indian government's initiatives with Green Bonds and investment commitments. The State Focus this time is on the western Indian state of Maharashtra, which may have lost some of its glory in the past but over the last three years has been working hard to regain its supremacy as an attractive investment destination. As part of the Maharashtra focus, our regular Expat's Guide offers an insight into the city of Nagpur - known as the city of oranges. Besides, there are several features and analyses to dip into, including a review of the turbulent India-China relationship as part of the 'Shadow boxing the Dragon' feature against the backdrop of tension in the border regions. An interesting From the Scene spread this time takes you behind the scenes of the recent India and UK launch of the latest book on Indo-British ties edited by India Inc. CEO Manoj Ladwa, 'Winning Partnership: India-UK Relations Beyond Brexit'.
Aditi Khanna is the Senior Editor of India Inc.