Welcome to the latest bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C.
Key Policy Decisions

Telecom Dept. Wants to Ease Security Clearance Renewals for Foreign Execs     


The Department of Telecommunications wants to relax a rule that makes security clearances mandatory for foreigners working in some senior positions in the sector, changing the clearance duration from one year to five years


Foreign Investment in Retail is 'Young Policy' that Needs Marketing

India needs to look at how Free Trade Agreements are impacting its domestic manufacturing, said Amitabh Kant, Secretary, Department of Industrial Policy & Promotion (DIPP). Taking charge at a time when the DIPP is facing hurdles in moving ahead with opening up foreign direct investment in various sectors, particularly in retail, Kant shares his views on creating a proper ecosystem to attract investment.

Wanted In India: 1,000 Women for Board Positions by Oct. 1 
Leading headhunters are looking for accomplished women to fill company board positions. The Securities and Exchange Board of India has mandated that by October 1, 2014, every listed company must have at least one woman director. With the deadline nearing, the search for candidates is becoming urgent.  
Govt. Natural Gas Co. has $7.8 billion Plan to Import U.S. LNG.
GAIL (India) Ltd., the state-owned natural gas processing and distribution company, has drawn up a plan to invest an estimated $7.57 billion for hiring a fleet of sophisticated LNG ships to ferry gas from the U.S. to India for 20 years beginning in 2017. GAIL will soon float tenders to award contracts by November. Fuel, canal and port call charges, totaling $30 million, will be paid by GAIL

Public-Private Partnerships Eyed for New Airport Construction
The Planning Commission has called a high-level meeting to discuss a fresh policy framework for building new airports in the country using public-private partnerships, which are increasingly used around the world to fund and administer large infrastructure projects.

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High-Impact News
India Passes Japan to Become World's Third-Largest Economy 

India has displaced Japan to become the world's third-largest economy in terms of purchasing power parity (PPP), according to a new World Bank report. The bank's most recent International Comparison Program ranked India after the U.S. and China. India's share in world GDP in terms of PPP was 6.4 percent, compared with China's 14.9 percent and the U.S.' 17.1 percent, the latest ICP showed. The survey covered 199 economies.  



Featured Video:
Reimagine India-U.S. Relations
, Says Ambassador Jaishankar

India's Political Parties asking Voters to Reimagine India

While marking the Washington launch of new McKinsey book, "Reimagining India: Unlocking the potential of Asia's next superpower," Ambassador Jaishankar says it is time to reimagine the U.S.-India relationship, which is ready for a "quantum leap".
With 48 Million Monthly Users, India Now Largest Market for WhatsApp

India is the largest market for the WhatsApp application with 48 million monthly active users, the mobile messaging app said. According to a report by BGR India, the company said there were 40 million monthly active users in India in February, with 8 million new users added since then. WhatsApp's fastest-growing countries are Brazil, India, Mexico and Russia, CNET reports.   

No Major IP Challenges in India, Pharma Giant Abbott tells U.S.

American pharmaceutical giant Abbott told the U.S. government that it faces no significant challenges regarding its intellectual property in India."India is an investment priority and fundamentally important to the future of Abbott," Abbott's senior officer Jason Grove wrote in a submission to the U.S. International Trade Commission, which is conducting an investigation into Indian trade practices and policies and its impact on American businesses.



U.S. Business Delegation to Visit India in November           

A U.S. delegation will visit India in November to explore increased business and investment opportunities in the country. The delegation from Montgomery County, Md., will be led by its County Executive Isaiah Leggett and will visit New Delhi and Bangalore, with opportunities for delegates to travel also to Hyderabad and Raipur.

GE Invests $24 Million in India's Biggest Solar Plant 


General Electric is investing $24 million in India's largest solar-power plant, drawn by what it called the technology's "incredible potential" in the nation.The investment by GE's financial services unit in Welspun Energy Ltd.'s 151-megawatt photovoltaic plant is the U.S. company's first in the local solar industry. GE said that it plans to invest more than $1 billion a year globally in renewable projects that promise "very significant returns."



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