India - Partner In Growth
Welcome to the July 7, 2016 bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C.
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World Bank Aids India with $1 Trillion in Solar Investments by 2030
The International Solar Alliance (ISA) and the World Bank will help in speeding finance for solar energy, and the World Bank will have a major role in mobilizing more than $1 trillion in investments in the Indian solar energy sector that will be needed by 2030 to meet ISA's goals for the massive deployment of affordable solar energy. 

New Policy to Increase Efficiency at Major Ports Starts Aug. 20 
To increase efficiency of major ports, a new berthing policy for dry bulk cargo will be in place from August 20, the Government said. The objective of the new policy is to provide a standardized framework for calculation of norms, specific to the commodity handled and the infrastructure available on the berth, in addition to driving higher productivity. 

Cabinet OKs Measures to Bring Labor Flexibility in Textile, Apparel Sector
The Cabinet has announced a set of measures that would bring more flexibility in labor laws in the textile and apparel sector. These measures form a part of the special package announced by the Government for job creation and export promotion in the sector.  

Govt. Launches Web Portal for Sand, Minor Mineral Mining 
A new web portal has been launched for online submission and monitoring of environmental approvals for mining of sand and minor minerals. The web portal will lead to the empowerment of the project proponent, as it not only enhances transparency of the entire application process, but also enables the proponents to track their applications online.  
Launches New Initiative to Train Workers for Jobs Abroad
A new skill development initiative -- Pravasi Kaushal Vikas Yojana -- will train and certify Indian workers who seek overseas employment in certain sectors, in line with international standards.  The training will include language instruction and soft skills. The training will be backed by an internationally recognized assessment and certification system. 


World Bank President Kim Meets PM Modi

World Bank President Dr. Jim Yong Kim called on Prime Minister Modi and expressed happiness at the World Bank's continued support to India, especially in priority areas like Smart Cities, Ganga Rejuvenation, Skill Development, Swachh Bharat and Power for All. Dr. Kim said he is impressed by the progress made toward the ambitious targets in these programs.  

Amb. Singh: India's Pharma Industry Expected to Hit $55 Billion by 2020

India's rapidly growing pharmaceutical market is expected to grow to $55 billion by 2020 and emerge as the sixth-largest globally by size, said Indian Ambassador to the U.S. Arun Singh.
"Branded generics dominate the pharmaceuticals market, constituting nearly 70 to 80 percent of the market," Singh said. "India is the largest provider of generic drugs globally with the Indian generics accounting for 20 percent of global exports in terms of volume."

Foreign Firms Want a Piece of India's Realty Market

Foreign property developers and investors are once again looking at India to invest in and co-develop real estate projects, relying heavily on Government support and a more focused strategy. In recent months, government delegations and companies from Japan, China and Korea have visited India to discuss project proposals with local developers and governments. A few have already signed up with state governments for large-scale developments.   

Report:  India's Analytics Industry Expected to Grow to $16 Bn by 2025

India's analytics industry is expected to grow eight-fold to $16 billion by 2025, according to a report by the National Association of Software and Services Companies (Nasscom). Currently, India is among the top 10 destinations for analytics and Nasscom expects India to be among the top three in the world by 2025 with a 32-percent share in the global market. 

India Pitches for U.S. Investment in Urban Sector 

India has strongly pitched for U.S. investments in its urban sector missions, highlighting various initiatives of the Government for recasting the country's urban landscape.  Addressing U.S. policy makers, officials and corporate leaders, Urban Development Minister M. Venkaiah Naidu listed out various Government urban plans such as the Smart City Mission, the Atal Mission for Rejuvenation and Urban Transformation and others.