India - Partner In Growth
Greetings from the Embassy of India in Washington DC!
Welcome to the  March 6, 2020, edition of our weekly newsletter, bringing you important policy and high-impact news about India.
I hope you find it useful.
-- Shambhu Hakki, First Secretary (Political & Press, Information and Culture)
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KEY POLICY DECISIONS
PM Modi, President Trump agree to promptly conclude trade negotiations

President Donald J. Trump paid his first Presidential Visit to India in February 2020. He and the First Lady were accorded a warm public reception in Ahmedabad exemplifying the strong people-to-people ties between India and the U.S. The visit advanced security and strategic cooperation as well as trade ties. President Trump and PM Modi agreed to conclude the ongoing trade negotiations promptly. 

The Department for Promotion of Industry and Internal Trade (DPIIT) has amended the foreign direct investment (FDI) policy to allow 100% FDI for insurance intermediaries, which includes insurance brooking, insurance companies, third party administrators, surveyors and loss assessors.


 
CCEA approves Creation of National Technical Textiles Mission

(CCEA)
The Cabinet Committee on Economic Affairs has given its approval to set up a National Technical Textiles Mission with a total outlay of $222 million, in order to position India as a global leader in technical textiles. The Mission's implementation period would run from FY 2020-21 to 2023-24.