India Business Newsletter
March 01 - March 15, 2021
Greetings from Consulate General of India,
New York!
Welcome to the March 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)
PM Modi conferred with CERAWeek Global Energy and Environment Leadership Award

Prime Minister Narendra Modi on March 05, Friday was conferred with the Global Energy and Environment Leadership Award by Cambridge Energy Research Associates (CERA). The PM dedicated the award to the people of our great motherland India.

India stands out on Covid-19 vaccine policy, says IMF's Gita Gopinath

India has been at the forefront in fighting the coronavirus pandemic and "really stands out in terms of its vaccine policy, IMF's Chief Economist Gita Gopinath has said, as she praised the country for playing a very important role during the crisis by manufacturing and shipping the COVID-19 vaccines to several nations.

NITI Aayog submits first list of about 12 PSUs for privatization

The government has kicked off its privatisation drive, with the NITI Aayog, a body headed by the prime minister, submitting its first list of about 12 public sector undertakings (PSUs) to be privatised.

Amazon Pay India gets $33.82 Million fund infusion from parent

Global e-commerce major Inc. has infused close to $33.82 Million in equity funding into its Indian digital payments arm, Amazon Pay (India) Pvt. Ltd, according to regulatory documents sourced from market intelligence platform, Tofler.

India’s BPCL to Sell Numaligarh Refinery Stake for $1.3 Billion

India’s state-run Bharat Petroleum Corp. Will offload its holding in its unit Numaligarh Refinery Ltd. For $1.3 billion as part of its own privatization process.

US Secretary of Defence Lloyd Austin to visit India this month, Indo-Pacific talks on agenda

Amid the impending meet of the four leaders of the ‘Quad’ countries, which is likely to be held soon, US Secretary of Defence Lloyd Austin will be visiting India this month.

Big boost for Atmanirbhar Bharat! Indian Navy gets its 3rd Kalvari Class submarine INS Karanj

On Wednesday (March 10, 2021), Indian Navy commissioned the third stealth Kalvari class Submarine INS Karanj. The submarine was commissioned at the Naval Dockyard Mumbai through a formal commissioning ceremony where Chief of the Naval Staff Admiral VS Shekhawat (Retd) was the chief guest.

Consul General of India, New York had a virtual interaction with representatives of Corning Inc. on March 01, 2021

Corning has had a long association with India and is present in a number of segments such as optical lenses, gorilla glass, optical fibers & life sciences. Corning is keen to expand its presence in India taking advantage of tailwinds facilitative policies and robust demand for their products in India.

Consul General of India, New York had a virtual interaction with Mr. Alex Gorsky, Chairman, Board of Directors & CEO Johnson & Johnson, USA

Consul General congratulated Johnson & Johnson on approval of the Covid Vaccine. Given recent economic reforms & the emergence of India as a Pharmacy of the World, we look forward to deepening engagement with J&J.

Consulate General of India, New York hosted MoU Signing Ceremony between Triton Electric Vehicle LLC, New Jersey and Bharat Electronics Ltd. India on Wednesday, March 3, 2021 @11.00 a.m. at the Consulate

Consulate General of India hosted Bharat Electronics Limited & Triton EV for the signing of an MoU for Battery manufacturing in India. Triton has major plans for entering the electric vehicle and battery sectors in India.

Consul General of India, New York had a virtual interaction with Mr. Tim Tierney from Vermont Agency of Commerce & Community Development on March 04, 2021

Consulate General of India met Mr. Tim Tierney from the Vermont Agency of Commerce & Community Development. Vermont’s strengths in Environmental Engineering, Renewable Energy, Artisanal Foods as well as in electric mobility & aerospace offer significant opportunities for collaboration & synergy.

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