India Business Newsletter
February 16 - February 28, 2021
Greetings from Consulate General of India,
New York!
Welcome to the February 2021 edition of our newsletter, bringing you important policy and high-impact news about India.
We hope you find it useful.
A Forum for Indian Businesses in North East USA

(Covering: Connecticut, Maine, Massachusetts, New Hampshire,
New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Vermont)
India's January oil imports from US at all-time high: Report

India's oil imports from the US has touched a record high in January, Reuters reported citing data obtained from sources. The share of Canada and the United States of America in India's January oil imports surged to a record 11 percent while that of the Middle East and South America declined, the report said. 

Bharti Airtel, US chipmaker Qualcomm team up for 5G push in India
Telecom operator Bharti Airtel and US chipmaker Qualcomm on Tuesday announced a collaboration for accelerating 5G in India.

Amazon ties up with Mahindra to deploy 10,000 EVs in India

As the first signatory of the Climate Pledge in September 2019, Amazon has committed to becoming net-zero carbon by 2040 across its businesses. To achieve that 10,000 Amazon custom electric delivery vehicles will be on the road delivering to customers worldwide as early as 2022.

Huge potential of private investment in 400 maritime projects worth 33.67 Billion USD: Government

The government is eyeing huge private investment in 400 projects worth 33.67 Billion USD during the Maritime India Summit 2021, a top official said on Friday.

More Covid vaccine supplies lined up as India gets ready for the Phase 3 drive

India enters phase-III of Covid-19 vaccination, in which around 270 million people are to be inoculated, firms are looking to ramp up capacities at their production units. Pune-based Serum Institute of India (SII), the world’s largest vaccine manufacturer that produced 1.5 billion doses last fiscal, is ramping up its capacity (including non-Covid vaccines) to 2.5 billion by the end of 2021.

Meet Swati Mohan, Indian-American leading NASA's operation Perseverance Rover landing on Mars

After covering a 203-day journey traversing 293 million miles (472 million kilometers), the American space agency National Aeronautics and Space Administration (NASA) on Thursday (local time) announced that its Perseverance rover has reached Mars.

India, US energy partnership supports sustainable development: Official

The US and India collaborate on natural gas, renewable energy, nuclear energy, clean coal technologies, smart grids, and unconventional and clean energy sources research for the benefit of our people now and in the future, says US State Department spokesperson.

Iron Mountain to invest $150 m in Web Werks to boost India biz

Iron Mountain Data Centres general manager (Asia Pacific), Michael Goh said, “India provides an important next step in expanding our Asia Pacific footprint". Data centre services provider, Web Werks on Thursday said it has entered into an agreement to form a joint venture (JV) with Iron Mountain under which the US-based company will invest $150 million (around Rs 1,086 crore). The investment allows Web Werks to grow in its existing markets of Delhi NCR, Pune and Mumbai as well as expand into Bengaluru, Hyderabad and Chennai.

Consul General of India, New York had a virtual interaction with Mr. Rajeev Sabharwal, Managing Director & Vice President at Wendy’s the leading fast-food chain in the world on February 18, 2021

The Interaction involved Wendy’s future plans in India. Consul General discussed the recent economic reforms, growth of the food processing sector in India and the opportunities for Wendy's. Consul General was accompanied by Consul (Trade) during the meeting.

Consul General of India, New York met with senior leadership of Iron Mountain Mr. Ernest W. Cloutier, Deirdra Teodorczuk and Mark Kidd on February 23, 2021

Consul General Briefed them on transformative economic reforms and encouraged them to invest in new business opportunities arising out of the massive expansion of the digital economy in India.

Consul General of India, New York addressed Virtual Exhibition Cum BSM in Canada, Mexico & USA Inauguration Ceremony on February 25, 2021

The event saw the participation of a large number of importers from Canada, Mexico and the USA. Opportunities for enhancing our exports to the US, especially in sectors such as Bicycles, Organic Products, Health, Pharmaceuticals & Wellness, etc. were discussed. Consul General was accompanied by Consul (Trade) during the meeting.

The Consulate General of India in Partnership with The Coffee Board of India and US-India Strategic Partnership Forum (USISPF) on February 25, 2021 organized a B2B meet of Indian Coffee Exporters showcasing the unique qualities of Indian Coffees

An e-booklet on Indian Coffees was also released on the occasion.

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