EP:02 Dairy Industry – Poised for Expansion

Today, the Indian dairy market is one of the largest and fastest-growing globally. More importantly, it continues to play a massive role in the Indian economy as a significant source of employment and income.

However, due to rising middle-class income, greater consumer awareness, and changing consumption habits, the industry is witnessing new trends and challenges, such as strong demand for more milk products, a sustainable diet high in protein and fiber, better feeding and breeding solutions, higher milk production costs, and more.

To learn more about this topic, listen to our recent podcast as K.S. Narayan, Principal Consultant for Food Processing at Nexdigm, engages with industry veteran Dr. R. S. Sodhi, President of the Indian Dairy Association.

EP:01 Food Processing Industry: A Sunrise Sector

As one of the country’s largest industries, the Indian Food Processing Industry is expected to bolster the Indian economy. However, it is poised to witness a significant transformation with a paradigm shift in consumer preferences fostered by a strong inclination towards plant-based food and sustainable diets.

Through our latest episode from the Indian Food Processing Industry podcast series, discover the industry trends and challenges with K.S. Narayan, Principal Consultant – Food Processing at Nexdigm, as he engages with seasoned expert Santhosh Stephen, Managing Director at Symega Food Ingredients and draws attention to critical aspects of this evolving industry.

The post Food Processing Industry: A Sunrise Sector first appeared on Nexdigm.

EP01: Customer Centricity

In our brand new podcast series “CXO’s Take on Global Business Scenarios,” Anirudha Patankar spoke about the nuisances around Customer Centricity. According to Anirudha, it stems from the definition of customer. Companies must understand who their customers really are and work on their products and services based on the end consumer.

The post CXOs’ Take on Global Business Scenarios first appeared on Nexdigm.

In the brand-new podcast series The Next Paradigm of Outsourcing, Kartik Nagarajan, Managing Director- Business Consulting & Global Business Services (Sales) at Nexdigm, delve into conversations with experts from the outsourcing industry to bring the latest trends, challenges, and opportunities in outsourcing and how organizations can leverage this paradigm shift to achieve long-term success.

EP03: Driving Globalization in Sourcing through Effective Outsourcing

Unravel the essence of effective outsourcing through the keen insights of Kerry Hallard on our latest podcast episode! Tune in to our latest podcast series, “The Next Paradigm of Outsourcing,” to uncover the best practices when it comes to “Driving Globalization in Sourcing through Effective Outsourcing.”

In the episode, Kerry also underscores three fundamental principles for success:
Building resilience
Placing the consumer at the core of every strategy
Maximizing productivity while minimizing costs

EP02: Addressing IT-OT Convergence

In the recent episode of our podcast series, “The Next Paradigm of Outsourcing,” Mr. Andre Shori highlighted how IT-OT convergence brings about increased interconnectivity and smart automation, which is beneficial for scaling up organizations.

In conversation with Kartik Nagarajan, Andre mentioned that IT-OT convergence is here to stay, stating its many benefits, such as increased productivity, just-in-time manufacturing, improved quality control, greater inventory control, and better processes in Industry 4.0.

EP01: Reflections on Australian BPM landscape

In the first episode of our brand new podcast series, “The Next Paradigm of Outsourcing,” we welcomed Dr. Martin Fahy to share his insights on the Australian BPM landscape. During the discussion, Dr. Fahy spoke about the change in mindset brought about in the BPM landscape in Australia due to COVID and its aftermath. Dr. Martin highlighted the need for organizations to rethink the service models and consider the scope and importance of automating industry processes to gain optimum efficiency.

The post The Next Paradigm of Outsourcing first appeared on Nexdigm.

In our podcast series, Journey of Global Capability Center from Setup to Transformation, Kartik Nagarajan, Managing Director – Business Consulting & Global Business Services (Sales) at Nexdigm, have conversations with industry leaders in the field of Global Capability Centers around the globe.

EP05: Overcoming the value gap for Contracts in Outsourcing Engagement

In the latest episode of the podcast series, Kit Burden talks about the importance of relationship management between an organization and a third-party vendor, the necessity of detailed change control processes, and a user-friendly guide for smooth sailing through a contracting process.

EP04: A Paradigm Shift in Global Capability Centers’ Outlook

Tanmay Agarwal, in the fourth episode of the podcast series, highlighted the importance of having a defined problem statement that can help GCCs gain a better understanding of business. He emphasized that GCCs should facilitate accelerator programs and step in to co-create and solve enterprise-level problems to attain the sustainable goals of an organization.

EP03: Expectations from Digital Transformation: Internal Efficiency and Customer Delight

In the third episode of the podcast series moderated by Kartik Nagarajan, Vikas Wadhawan highlight the importance of defining entry milestones, periodic checkpoints, and continual review to ensure organizations work in accordance with defined digital transformation goals to receive the best outcomes.

EP02: Creating Value in the Finance World using Analytics

Treating data as a strategic tool to provide actionable insights is the way forward for organizations to differentiate themselves in the competitive business space. Mr. Neeraj Jain, in the second episode of our podcast series, talks in detail about the importance of analytics for organizations.

EP01: Change Management Strategy in the Post COVID World

Manoj Kalra, in conversation with Kartik Nagarajan, talks about behavioral change across customers and organizations. In the podcast, Manoj emphasizes key change management aspects to be kept in mind through the transformation journey that can result in a smooth transition and yield long-term benefits.

The post Journey of Global Capability Center from Setup to Transformation first appeared on Nexdigm.

In our podcast series, Healthcare Supply Chain Excellence, Kartik Nagarajan, Managing Director – Business Consulting & Global Business Services (Sales) at Nexdigm, have conversations with industry leaders in the field of Supply Chain. The discussion focuses on the importance of interconnected systems, guiding principles, and the versatility required to build and run a robust supply chain.

EP03: Digitization in Supply Chain

In the latest episode of our podcast series, Probir Das, Regional CEO & Chairman, APAC Terumo Asia Holdings, in conversation with Kartik Nagarajan, reinforced that data analytics facilitates critical supply chain decisions. At Terumo, they use various AI and dashboard tools to monitor demand and supply effectively. Probir also spoke about how a remote working business model supports various other geographies in their supply chain operations.

EP02: Role of Purchasing in Supply Chain

In the second episode of the series, Kartik Nagarajan, in conversation with Ramakrishnan Kasinathan, Procurement and Supply Chain Specialist, discuss the recent change in Purchasing’s objectives and expectations while gaining specific importance with its critical decision-making and keeping supply chains flexible throughout the disruption.

EP01: CFO’s Take on Supply Chain

Kartik Nagarajan, Managing Director – Business Consulting & Global Business Services at Nexdigm, in conversation with Bhavesh Shah, Vice President of Finance and Operation Excellence for Global Emerging Markets at ConvaTec, elaborates on CFO’s take on the future of global supply chains and key aspects to increase efficiency. The discussion focuses on the importance of interconnected systems, guiding principles, and the versatility required to build and run a robust supply chain.

The post Healthcare Supply Chain Excellence first appeared on Nexdigm.

The UAE Corporate Tax and Transfer Pricing implementation requires an in-depth analysis apart from correct documentation and compliance with the law. In this recent podcast, experts discus and evaluate critical aspects surrounding the need to form tax groups and other crucial restructuring provisions.

Nishit is a practicing-chartered accountant with over 14 years of experience advising several corporates on matters relating to international tax, regulatory, structuring of inbound and outbound investment. Nishit has also been actively advising clients in structuring investments in the UAE region and working on UAE Corporate Tax and Transfer Pricing Matters. Nishit has authored numerous articles and regularly addresses forums on international tax topics, including UAE Corporate Tax and Transfer Pricing.

Chirag Chellani has over 10 years of well-rounded experience in Corporate, International, and Indirect Tax areas. Chirag is a group tax manager for a luxury real estate firm in UAE. In his current role, Chirag deals with formulating tax strategies to set up optimal tax structures, evaluating new investments, monitoring tax litigation matters, and identifying potential tax exposures domestically and internationally.

EP06: UAE Corporate Tax and Transfer Pricing

While Corporate Tax and Transfer Pricing has already been implemented from 1 June 2023, further amendments and announcements are expected.

Bilal Asif, Head of Tax & Budget at ArcelorMittal Jubail and Lokesh Gupta discuss the evolving tax regime and the key aspects to consider for multinational companies operating in Free Zones as well as the Mainland. Economic Substance Regulations (ESR) and Qualifying Income are some of the crucial criteria for businesses to cope up with the dynamic tax landscape in the UAE.

Lokesh Gupta, Associate Director – Tax & Transfer Pricing, Nexdigm UAE has more than 12 years of experience in handling cross-border tax and Transfer Pricing. He has been actively working with businesses in the UAE on matters relating to Economic Substance Regulations and setting up Transfer Pricing Policy documents.

EP05: UAE Corporate Tax and Transfer Pricing

Along with introducing Corporate Tax Law in the UAE, a comprehensive Transfer Pricing (TP) regime was also introduced broadly in line with OECD TP Guidelines. While TP-related concepts might be a newer landscape for UAE taxpayers, it is essential to navigate this while remaining compliant to the Law.

Lokesh Gupta, Associate Director – Transfer Pricing, Nexdigm has more than 12 years of experience in handling cross-border tax and Transfer Pricing. He has been actively working with businesses in the UAE on matters relating to Economic Substance Regulations and setting up Transfer Pricing Policy documents.

EP04: India’s Supreme Court’s Judgement on Ocean Freight

Under India GST Law, importer in India was required to discharge GST under reverse charge on deemed value of ocean freight services under any CIF (i.e. Cost, Insurance and Freight) contract of import. The trade and industry challenged this levy and argued that since value of ocean freight services is already a part of assessable value of imported goods for the purpose of discharging customs duty and IGST on import, it will result into double taxation.

Recently, the Supreme Court of India, has given rest to this long-drawn issue and pronounced landmark judgment in the case of Union of India vs M/s. Mohit Minerals. It has been held that levy of IGST under reverse charge on ocean freight services would vitiate the concept of ‘composite levy’ and go against the whole scheme of GST and hence, the appeal of the revenue was dismissed. In effect, the decision of the High Court, wherein the notifications, which provided for levy of IGST, were held to be un-constitutional, has been upheld.

EP03: UAE Corporate Tax

As a participating jurisdiction under OECD’s BEPS and two-pillar framework to end tax avoidance, UAE has taken various measures over the years, including the introduction of Corporate Tax with effect from June 2023.

Listen to the latest episode of our Tax Podcast to decode some of the relevant questions such as – How is UAE Corporate Tax applied? Who is exempt and who is not? What is the applicability to free zones? How will POEM regulations and aspects related to Transfer Pricing affect Corporate Tax?

Nishit Parikh, a seasoned tax expert with around 15 years of experience, explains the nuances and applicability of the newly introduced tax regime.

EP02: Remission of Duties and Taxes on Export Products (RoDTEP) Scheme

In the second episode of our Tax Podcast, Maulik focuses on RoDTEP Scheme, ie. Remission of Duties and Taxes on Export Products, an export scheme that the Government of India announced in 2019 to boost exports by allowing reimbursement of taxes and duties, which are not exempted or refunded under any other scheme.

EP01: BEPS 2.0 – Pillar 1 and Pillar 2 Framework and G7

In the first episode of the Tax Podcast series, Maulik Doshi discusses Base Erosion Profit Sharing 2.0 where he explores the different aspects of OECD Pillar One, Pillar Two framework, and the G7 Deal. After G7 inked a historic deal backing a minimum global corporation tax rate of 15%, OECD held an Inclusive Framework meeting, wherein 130 out of 139 nations joined the statement, establishing a new framework for international tax reforms. While a detailed implementation plan is together, the remaining issues are proposed to be finalized by October 2021.

The post Tax Podcast first appeared on Nexdigm.

Our Women in Technology Podcast Series includes a number of prominent leaders across different industries. They share their insights and experiences about innovation, technology, the role of government and academic institutions in building a sustainable environment, and how women can become strategic enablers.

The post Women In Technology first appeared on Nexdigm.