Govt introduces Bill aimed at easing doing business, attracting FDI & enhancing Make in India
Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, to attract foreign direct investment and support the 'Make in India' initiative. The bill includes extended tax holidays for electronics manufacturers and new incentives for data center operators.
Why it matters
The legislation represents a strategic shift to incentivize high-tech infrastructure and manufacturing, aiming to make India more competitive for global capital.
Finance Minister Nirmala Sitharaman on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha, seeking to amend several existing Acts in a bid to attract more foreign capital, make it easier to do business in India, and to push the Make in India mission.
The Taxation and Other Laws (Amendment) Bill, 2026 will amend the Payment and Settlement Systems Act, 2007, Income-tax Act, 2025, and the Finance Act, 2026.
In particular, the main changes have to do with extending existing tax holidays for companies such as Apple that supply machinery and tooling to Indian factories, providing certainty and reducing red tape for foreign fund managers looking to relocate to India, and easing the process for foreign companies to set up data centres in India.
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