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Private firms setting up LNG terminals seek waivers
Have sought guarantees and exemption from regulatory approvals
PHOTO: AFP
ISLAMABAD:
As the private sector is engaged in setting up liquefied natural gas (LNG) terminals, it has sought guarantees and waivers from some obligations and regulatory approvals.
Interestingly, the existing LNG terminals have plans to replace the Floating Storage and Regasification Unit (FSRU) without financial risk for the government but the maritime affairs minister opposes the plan.
The government has allowed five parties in the private sector to set up more LNG terminals. However, it has made it clear that it will not bear any financial risk, which it faces in the case of existing terminals.
Why Tesla s India Investment Has Been Routed Via Holland
Why Tesla s India Investment Has Been Routed Via Holland
Sridhar Ramachandran, from Grant Thornton Bharat, said that that the tax benefits related to capital gains & dividends would give Tesla benefits.
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Highlights
The treaty between India and Netherlands is at the heart of this
Tesla is expected to launch the Model 3 later this year in India
Last week it was revealed that Tesla had incorporated an Indian entity. It was also revealed that Tesla is setting up base in Bangalore, however, now it has been revealed that Elon Musk s company has routed the investment in the Indian venture via Amsterdam. Tesla Motors Amsterdam is the parent of Tesla India Motors and Energy India.
January 18, 2021
Tesla’s incorporation documents for its impending India-based operations recently revealed that Tesla Motors Amsterdam would be the parent company for Tesla Motors and Energy India. This suggests that the Silicon Valley-based electric car maker’s division in the Netherlands will be the entity routing the company’s investments in India.
Tesla is currently registered in California, and Tesla Motors, the Netherlands is one of its subsidiaries. Tax experts have noted that the Netherlands is one of the top choices among high-profile US-based companies since the country offers favorable tax rates, while offering a robust intellectual property protection framework.