India - Partner In Growth
Welcome to the November 19, 2015 bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C.
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PM Modi: India Committed to Protect Intellectual Property Rights 
India is committed to protect the intellectual property rights (IPR) of all innovators and entrepreneurs and a comprehensive national IPR policy is being finalized, Prime Minister Modi said. Analysts believe that a comprehensive IPR policy will help the Government pull investors into its "Make in India" initiative.

Companies, Trusts Now Enjoy Nonresident Indian Investment Rights 
The Government has extended the benefits enjoyed by individual nonresident Indian (NRI) investors to companies, trusts and other incorporated entities owned by Non-Resident Indians as part of the liberalized foreign direct investment rules announced. 


IMF: Recent Reforms Will Spur India's Growth
Stating that India's growth will benefit from recent policy reforms, a consequent pickup in investment and lower commodity prices, the IMF has projected a 7.5 percent growth rate for India in 2016, in its report 'G-20: Global Prospects and Challenges' 

Foreign Investment Body Gets More Power, Can Clear Bigger Proposals 
With an aim to expedite the foreign direct investment clearance process, the Government has enhanced the Foreign Investment Promotion Board's monetary limit to approve foreign investment proposals of up to $758 million. 

Eight Foreign Investment Proposals Worth $789 Million OK'd  
The Government has approved eight foreign investment proposals, including those of India Advantage Fund and L&T Finance Holdings, totaling $789 million. A Paragon Partners Growth Fund proposal entailing investment of $152 million was also cleared. 

Report: 133,000 Indian Students Add $3.6 Billion to U.S. Economy
A record high of 132,888 Indian students studying in the U.S. in the 2014-15 academic year have contributed $3.6 billion to the U.S. economy, according to a new report, an increase of nearly 30 percent over the previous year. 

Govt. To Organize 2nd Renewable Energy (RE)-Invest 2016 
The Government of India will organize Second Renewable Energy (RE)-Invest 2016 from 18-20 February 2016 in New Delhi. RE-INVEST 2016, a global meet of investors designed to showcase India's renewable energy potential, would enable the global investment community to connect with renewable energy stakeholders in India.

India Retains Top Slot in Air Traffic Growth
India retained the top slot as the fastest-growing domestic air traffic market in September with a demand growth of 13.2% over same month last year. Data from the International Air Transport Association show that demand growth in India was the highest amongst countries including Australia, Brazil, China, Japan, Russia and the U.S. 

2nd India-U.S. Aviation Summit Concludes
The two-day U.S.-India Aviation Summit, co-hosted by India's Ministry of Civil Aviation and U.S. Trade and Development Agency, was held in Bangalore. "The Government is making all efforts to promote the growth of the Indian aviation sector in a significant manner," said Minister of Civil Aviation P. Ashok Gajapathi Raju. India's aviation sector, currently world's ninth largest, has continued to grow rapidly since the last biennial event was held in 2013.

Tata, Boeing to Make Apache Fuselages in India
Boeing and Tata Advanced Systems announced a joint venture that will manufacture fuselages for aircraft and collaborate on integrated systems development opportunities in India. "The JV will initially create a manufacturing center of excellence to produce aerostructures for the AH-64 Apache helicopter and to compete for additional manufacturing work packages across Boeing platforms, both commercial and defense," read a Boeing release.