India Business Newsletter

March 01 - March 31, 2022

Greetings from Consulate General of India,

New York!

Welcome to the March 2022 edition of our newsletter, bringing you important policy and high-impact news.

We hope you find it useful.

India emerges as second most attractive manufacturing hub globally, says report

India has emerged as the second most sought after manufacturing destination across the world indicating the growing interest shown by manufacturers in India as a preferred manufacturing hub over other countries, including the U.S and those in the Asia-Pacific region, showed Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.

A collaboration between two premier research and educational institutions in Thiruvananthapuram has shed interesting light on India’s “space economy”, the exact contours of which have remained largely vague even as the country’s space programme grew by leaps and bounds.

FY23 export target in works will build on this year's $400 billion

The commerce and industry ministry has begun drawing up export strategy for the next financial year, which will build on the milestone achievement of over $400 billion export turnover in FY22.

Consul General hosted Roundtable with Ambassador Atul Keshap, President US-India Business Council (USIBC) along with Mr. Ryan Miller, Vice President, USIBC at the Consulate on 1^st March, 2022

Mr. Patrick Pitts, Manager South Asia, USIBC; Ms. Roshni Bhalla, Financial Services, Real Estate and Tax, USIBC; Mr. Ravi Aurora, Senior Vice President/ Executive Director, Global Policy Affairs & Community Relations, Mastercard; Mr. Akshay Chaturvedi, Country Head-USA, ICICI Bank; Mr. Rajesh Tripathi, Principal US International Tax, National Leader US- India Corridor, Withum; Mr. Ed DiSanto, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, American Tower Corporation (ATC); Mr. Sanjay Goel, Executive Vice President & President, Asia Pacific, ATC and Ms. Becca Gould, Senior Vice President of Public Affairs, ATC attended the luncheon. During the meeting, USIBC member companies discussed business and investment opportunities in India. Deputy Consul General was present during the roundtable. 

Consul General addressed the webinar on “Briefing for Indian Exporters- Food Sector by US Customs, FDA and Port Authorities NYNJ” on 4^th March, 2022

A briefing for Indian Exporters in Food & Beverage sector was organized in partnership with Entry India, LLC and Trade Promotion Council of India (TPCI) on March 4, 2022. From the United States, the briefing brought senior officials and experts of US Officials from Food & Drug Administration (FDA), US Customs & Border Protection and Port Authorities of New York and New Jersey. 

Consulate General of India in New York in partnership with US-India Strategic Partnership Forum (USISPF) organized a virtual panel discussion on the StartUp space in India and the United States of America on 09^th March, 2022

Consul General addressed the event. Mr. Sachin Dhania, Deputy Secretary, DPIIT, Ministry of Commerce & Industry; Mr. Anil Advani, Founder, Inventus Law; Dr. Vaibhav Kapoor, Co-founder, Pristyn Care; Mr. Mayank Kumar, Co-founder & MD, upGrad ; Mr. Parag Amin, President, Icreate, Horsham, USA; Ms. Annette Tonti, Executive Director, Rhode Island Innovation Hub, RIHUB and Mr. Gaurav Verma, Chief Operating Officer participated in the enriching and insightful discussion. Deputy Consul General also participated in the webinar.

Consulate General of India, New York organized one-on-one meeting between team from Invest India and US based companies on 11^th March, 2022

Mr. Deepak Bagla, Managing Director & CEO along with his team at Invest India had one-on-one interaction with Mr. Danieli Ilan, CEO, Precipio Inc.; Mr. Ahmed Zaki Sabet, COO, Precipio Inc.; Mr. Sumit Ganguli, CEO and Member of the Board, GAVS Technologies N.A Inc.; Mr. Jon Montgomery, Managing Director, Meredith Capital; Mr. Stephen Forney, CEO, Covenant Health; Mr. Leigh Anderson, President, Premier Inc.; Mr. Matt Johnson, CIO, Ashley Furniture in order to explore business opportunities for possible collaborations.

Consul General inaugurated MPEDA’s Indian Pavilion at the Seafood Expo North America (SENA) 2022 at Boston on 12^th March, 2022

A delegation from The Marine Products Export Development Authority (MPEDA) led by their Director Dr. M. Karthikeyan participated in Seafood Expo North America 2022 (SENA-2022) in Boston from 13^th -15^th March 2022. The marine food focused Expo in Boston is the largest of its kind in the United States. In 2020-21, India exported US$ 2.45 billion worth marine products to the US, which roughly accounts for 40% of India’s marine exports. India accounts for almost 10-12% of US seafood imports and it is understood that about one-third of shrimp products sold in the US come from India. Deputy Consul General was also present during the inauguration.

Upcoming Events:

21st June, 2022

'Solistice in Times Square: Mind Over Madness Yoga 2022'| New York

11th August, 2022

Bruhan Maharashtra Mandal (BMM) 2022- Business Conference