Welcome to the January 2022 edition of our newsletter, bringing you important policy and high-impact news.
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)
India in talks with top US universities for joint campuses
Education being a big part of the India-US relationship, both sides are exploring new ways of bringing together institutions that could build the next generation for India’s knowledge economy.
India exported goods worth $37.29 billion in December 2021, the highest ever in a month, as demand for items such as engineering products, petroleum items, and gems and jewelry continued to soar, the preliminary data released by the commerce and industry ministry showed. India’s merchandise exports in April-December were nearly $300 billion, up 48.85 percent year-on-year and 26 percent against the same period in 2019.
Industrial and logistics sector-top investment chart
in 2021, touch new highs
The industrial and logistics sector was the most sought-after, and investments rose to a five-year high of $1.1 billion, a five-fold increase from 2020. The sector has been drawing strong operator and investor interest due to increased demand from e-commerce and 3PL players post-pandemic.
India’s renewable energy generation to rise by 30 percent by 2024: IEA
India’s renewable generation is expected to increase by 30 percent by 2024 relative to 2021, according to a recent report by the International Energy Agency (IEA). It added that it was driven by state and central auctions, and India’s target of 450 GW of installed renewable capacity.
Veteran US diplomat Mr. Atul Keshap appointed head of US-India Business Council
Mr. Atul Keshap, a former US diplomat who headed the US embassy in New Delhi as Chargé d’Affaires, was named the president of the US-India Business Council (USIBC), its parent body US Chambers of Commerce announced on Tuesday, 4 January 2022.
India's spends record $55.7 billion on gold imports
in 2021: Govt source
India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year's tonnage as a price drop favored retail buyers and pent-up demand emerged for weddings that were delayed when the pandemic first hit.
The Indian OTT streaming industry is expected to grow to USD 13-15 billion over the next decade at a CAGR of 22-25 percent, according to a joint report on media and entertainment.
