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India Business Newsletter
May 16 - May 31, 2021
Greetings from Consulate General of India,
New York!
Welcome to the May 2021 edition of our newsletter, bringing you important policy and high-impact news about India.
We hope you find it useful.
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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)
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India highlights efforts in preventing the spread of COVID-19 at UN roundtable
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India highlighted its efforts in preventing the spread of coronavirus and the development of new drugs, vaccines, and other innovative measures for curing infected patients at a high-level roundtable at the United Nations Commission on Science and Technology for Development (UN-CSDT). |
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India's FDI inflow grew by 19% to $59.64 billion in 2020-2021, says Commerce Ministry
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The Commerce and Industry ministry stated that India's foreign direct investments grew 19% on account of government policy reforms, investment facilitation, and ease of doing business. |
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India Inc's foreign investment jumps over two-folds to $2.51 billion in April 2021
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India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020.
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India's Biological E. to produce J&J COVID-19 vaccine
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India's Biological E. will produce the Johnson & Johnson COVID-19 vaccine alongside its own candidate, its managing director told Reuters on Tuesday, which could boost the country's overall supplies amid a shortage.
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Serum says vaccine delivery to Covax may start by year-end
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Serum Institute of India on Tuesday said that the company hopes to resume delivering its vaccines to the World Health Organization(WHO)-led Covax facility and other countries by the end of the year.
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India's Koo raises $30 million in funding round led by Tiger Global
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Even as microblogging giant Twitter is asked to comply with Delhi's new rules on privacy, Koo raised $30 million in funding for engineering, product, and community efforts across all Indian languages.
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Pfizer ready with 50 million doses for India, Moderna single dose shot to be ready in 2022
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Moderna is expecting to launch a single-dose vaccine shot in 2022 and is in talks with Cipla and other firms regarding production. Pfizer is ready to supply 50 mn doses in 2021 provided there are significant regulatory relaxations.
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India's Paytm targets $3 billion IPO
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Indian fintech start-up Paytm is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported on Thursday.
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Consul General of India, New York had a virtual interaction with Mr. Pravir Krishna, Managing Director, The Tribal Cooperative Marketing Development Federation of India (TRIFED) and Mrs. Mamata Sharma, Senior Manager(Marketing), TRIFED on May 19, 2021
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Consul General met Shri Pravir Krishna & his dynamic team to explore avenues for promoting Indian Tribal Products and discussed opportunities for future collaboration.
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Consul General of India, New York had a virtual interaction with Dr. A. Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), Dr. L B Singhal, Secretary-General AEPC, and with few Senior Executive Committee Members of AEPC on May 20, 2021
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Consul General met Dr. A. Sakthivel, Chairman and other members of Apparel Export Promotion Council (AEPC) for promoting exports of apparel products in the US Market.
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Address: Consulate General of India,
3 East 64th street (Between 5th and Madison Avenues),
New York, NY 10065
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