India will seek parliamentary approval for a package of tax measures aimed at
attracting foreign investment and bolstering domestic manufacturing, sources
said. Planned measures include formalizing tax cuts for overseas buyers of
Indian sovereign debt and a provision that would exempt offshore funds from tax
if their investments are managed by Indian fund managers. Parliament will also
vote on extending tax breaks to foreign suppliers of equipment to domestic
electronics makers and on incentives for data centers and diamond mining. The
measures are part of Modi’s push to curb capital outflows and support the rupee,
a priority that sources say has gained urgency after the US‑Iran war to help
buffer economic shocks and strengthen external resilience.
