Welcome to the June 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 agriculture exports increase 17.34% at $41.25 bn in 2020-21
India's export of agricultural and allied products in 2020-21 grew by 17.34 percent to USD 41.25 billion, and this growth momentum is expected to be sustained in the current fiscal as well, a top government official said on Thursday, June 10.
India’s exports rise 52.39% to $7.1 bn in first week of June
India's exports grew by 52.39 percent to $7.71 billion during the first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewelry and petroleum products, according to preliminary data of the Commerce Ministry.
Netflix to set up its first global post-production unit in Mumbai
Netflix is setting up its first post-production facility in Mumbai that will cater to not only Indian but also global projects of the streaming major. This will be Netflix's first fully owned, live-action, full-service post-production facility anywhere in the world, and is expected to be operational by June 2022.
India’s $7 billion bet to turn a fifth of its gasoline green
India is set to spend almost $7 billion to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India’s Oil Secretary Tarun Kapoor said in an interview with Bloomberg Television on Friday, June 11, 2021.
US eager to involve Indian investigators in clinical trials on Covid: Fauci
America's top infectious disease specialist Dr. Anthony Fauci on Thursday said his country is eager to involve Indian investigators in global clinical trials to evaluate the safety and efficacy of COVID-19 therapeutics.
US suspends tariffs on UK, India, European nations in digital tax dispute
The US government announced Wednesday it is suspending for six months punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes. The decision comes at the conclusion of a year-long investigation into taxes that Washington says discriminated against big US tech companies like Apple, Amazon, Google and Facebook.
Consul General of India, New York had a virtual interaction with Mr. Avi Basu, Founder & CEO of Wingsure on June 10, 2021
Consul General had a conversation with Mr. Basu regarding Wingsure’s expansion plans in India. Wingsure is a technology-led digital insurance solution enterprise aiming to leverage next-generation technologies in the protection of the lives and livelihoods of farmers. Consul General was accompanied by Consul (Trade) during the meeting.
