India and France are advancing cooperation on EPR nuclear technology, supply-chain localisation and pumped hydro storage, creating potential opportunities for international technology, engineering and manufacturing companies participating in India’s energy ecosystem.

The OECD/G20 Inclusive Framework has released a new Pillar Two implementation package covering legislative review, updates to the GloBE Information Return and additional administrative guidance for multinational groups. OECD

A new peer-review framework will assess whether jurisdictions' IIR, UTPR and Qualified Domestic Minimum Top-up Tax rules are consistent with the OECD Global Minimum Tax framework—important for multinational groups operating across multiple jurisdictions.

The OECD is reviewing Chapter VII of its Transfer Pricing Guidelines relating to intra-group services. Public comments have been published, with further consultation scheduled for November 2026.

Deeper India–Japan cooperation across investment, technology, research, infrastructure and financial services creates additional opportunities for Japanese businesses considering India as a market, operating base or investment destination.