dear experts,
i just want to know that why the companies like google, facebook, amazon are not considered to have permanent establishment in india, even after they have incorporated their subsidiaries in india like (google india pvt. ltd) ??
and why the concept of significant economic presence in india was necessary to be introduced in india?
please guide.
I’m not sure but I can guess. When I was at school, India was in a depression and highway infrastructure was developing. No IT and scarcity of electricity was very high. Omputer was invented just then and famines stuck india. Poverty increased. Central government requested the Occident to help with fdi and outsourcing. I don’t know what economic model was used, many companies came up and globalisation burgeoned. Then all kinds of sme’s Which did no the believe in automation, technology got busted due to advanced products with lower prices. Then slowly employment grew and I lost my businesses and properties due to non adaptability of automation. This was my fault because I’m the olden days, they used to claim technology is a blasphemous. All other countries are just extending their trade deals with India, they will leave India after oil is over.
CAclubindia
