India Business Newsletter
November 16 - November 30, 2020
Greetings from Consulate General of India,
New York!
Welcome to the November 2020, 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)
President-Elect Biden, Prime Minister Modi pledged to strengthen US-India ties

PM Modi congratulated Joe Biden during their conversation on a phone call. They reiterated their firm commitment to Indo -US strategic partnership and also discussed their priorities and concerns, including Covid-19 pandemic, climate change, and cooperation in the Indo-pacific region.

India to offer production-linked incentives for solar modules, renewable energy business potential
$20 bn per year: PM Modi

Renewable energy will generate business worth $20 billion a year over the next decade in India, which aspires to become the global manufacturing hub in the sector, Prime Minister Narendra Modi said on Thursday.

India’s IRNSS is now part of World Wide Radio Navigation System

The Indian Regional Navigation Satellite System (IRNSS) is an independent regional navigation satellite system developed by India. It is designed to provide accurate position information service to assist in the navigation of ships in Indian Ocean waters. IRNSS has been accepted as a component of the World Wide Radio Navigation System (WWRNS) for operation in the Indian Ocean Region by the International Maritime Organization (IMO). This will enable merchant vessels to use IRNSS for obtaining position information similar to GPS and GLONASS to assist in the navigation of ships in ocean waters.  

Meeting of the Indian tea exporters with the importers and other stake holders of the USA Tea industry at Consulate General of India, New York

The Consulate General of India, New York in partnership with the Tea Board of India & Tea Association of USA organised a B2B meet with representatives of the US and India Tea Industry. The discussions ranged from latest consumption trends, promotion of speciality teas as well as tea as an experience.

Saffron Promotion Event at Consulate General of India, New York

The Consulate General of India in partnership with JKTPO and USISPF organized a Saffron Trade Promotion Event and Virtual Buyer Seller Meet. The event showcased the range and unique qualities of kashmiri Saffron. J&K govt has taken several initiatives to modernize saffron processing and to promote its export.

Coal India to invest over $760 million over 4 years in solar to cut costs

State-run coal India ltd NSE 0.41% will invest approx 760 million usd to set up solar projects with a capacity of 3,000 MW, the company said on Monday. This is part of its effort to become a ‘Net Zero Energy Company’ by 2023-24, which means it would meet all its energy requirements through sustainable power.

India-US Issue Joint Statement On 10 Years Of Cooperation Over GCNEP & Nuclear Energy

United states’ Embassy and Consulates in India on Tuesday issued a joint press statement on 10 years of Cooperation regarding Global Centre for Nuclear Energy Partnership and Extension of the Memorandum of Understanding for Cooperation between India and the US for an additional 10 years.
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