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India Business Newsletter
January 16 - January 31, 2022
Greetings from Consulate General of India,
New York!
Welcome to the January 2022 edition of our newsletter, bringing you important policy and high-impact news.
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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Hon’ble Commerce and Industry Minister Piyush Goyal assures full support to IT firms in pushing growth, exports to $1 trn
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Commerce and Industry Minister Piyush Goyal on Sunday, 16 January 2022 assured full government support to leaders of India's top IT companies in pushing the growth of the sector and taking services exports to USD 1 trillion in a decade. He said the country is on track to achieve its merchandise exports target of USD 400 billion this year, while services exports are likely to be about USD 240 -250 billion. |
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Ambassador of India to the United States, Shri Taranjit Singh Sandhu visited the facility of Aurobindo Pharma Limited, New Jersey on 28 January 2022 |
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Ambassador of India to the United States, Shri Taranjit Singh Sandhu visited the facility of Aurobindo Pharma Limited, New Jersey on 28 January 2022. He interacted with senior management team of the company. Mr. Swami Iyer, Chief Financial Officer for North America; Mr. Sanjay Singh, Associate President, North America; Ms Theresa Perniciaro, Vice President, HR.; Mr. Jamie Downey, Senior Director, Distribution; Mr. Paul McMahon, President, Oral solids; Mr. Mark Fedele, President, Injectable and Mr. John Francis, President, OTC. The visit was aimed at strengthening India-US healthcare collaboration.
Aurobindo Pharma USA Inc., a subsidiary of a Aurobindo Pharma Limited, (Headquartered in Hyderabad), is primarily engaged in manufacturing, fabricating, and processing drugs in pharmaceutical preparations for human and veterinary use. Their products includes ampoules, tablets, capsules, vials, ointments, medicinal powders, solutions, and suspensions. Aurobindo Pharma Limited has 28 facilities globally including operations in Canada, Mexico, Brazil, and Columbia. Annual revenue of Aurobindo Pharma is around US$ 3.3 billion. Investment of around US$ 100 million is proposed in Puerto Rico. Aurobindo Pharma USA Inc’s manufacturing facility is located at East Windsor, New Jersey. It is the 2nd largest generic company by prescriptions dispensed in the US and the second largest generic company by sales globally.
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Ambassador of India to the United States,
Shri Taranjit Singh Sandhu met New York City Mayor, Mr. Eric Adams on 30 January, 2022
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Ambassador thanked Mayor for the support to India-US partnership and to the Indian diaspora in New York. They held discussion on further bolstering the strong partnership between India and the City of New York with special emphasis on key areas including affordable healthcare, renewable energy, new and emerging technology, IT and fintech and education and knowledge partnership. Ambassador was accompanied by Consul General and Deputy Consul General for the meeting. |
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Ambassador of India to the United States, Shri Taranjit Singh Sandhu met entrepreneurs, innovators, investors & healthcare professionals among the Diaspora in Princeton, New Jersey on 28 January 2022
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Ambassador of India to the United States, Shri Taranjit Singh Sandhu met entrepreneurs, innovators, investors & healthcare professionals among the Diaspora in Princeton, New Jersey on 28 January 2022. The meeting was aimed at building India-US ties in industrial growth, investment opportunities and to explore further cooperation in technology, innovation, health and education.
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Consulate General of India, New York in partnership with Ministry of Tourism, Government of India organized a live Webinar on National Tourism Day 2022 on 27 January, 2022
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Consul General addressed a webinar on tourism promotion in India. The event was organised in collaboration with India Tourism office, New York. Mr. Janhwij Sharma, Additional Director General, Archaeological Survey of India, gave a presentation on Indian Forts. Prof. Ramakrishna Kongalla, Assistant Professor, Indian Institute of Tourism and Travel Management delivered a presentation on Indian Temples. Both the presentations were aimed at boosting heritage tourism. |
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Google is investing another $1 billion in India's smartphone market
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Google said in a statement on 28 January 2022, Friday that it would invest $700 million in Bharti Airtel, India's second-largest telecom operator, and acquire a 1.28% stake in the company. An additional $300 million would be used for potential multi-year commercial agreements, the companies added. |
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Bharat Biotech gets DCGI nod for intranasal vaccine booster trial
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The Drugs Controller General of India (DCGI) on 28 January 2022 granted permission to Bharat Biotech to start conducting booster dose trials for its intranasal coronavirus vaccine. The approval has been granted to conduct phase-3 trials. The trials would evaluate the nasal vaccine for both the two-dose primary schedule and also to use as booster dose schedule, company sources told PTI. |
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India's gold demand skyrockets to 797.3 tons
in 2021: WGC
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India’s gold consumption surged to 797.3 tonnes in 2021, on the back of the recovery in consumer sentiments and pent-up demand post COVID-19-related disruptions and the bullish trend is set to continue this year as well, according to the World Gold Council (WGC). |
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Electronic goods export up 49% on-year in April-December 2021
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India’s electronic goods exports grew 49% in April-December 2021 at $11 billion over $7.4 billion during the same period last year with the US and the UAE being the top two destinations, the commerce and industry ministry said on Thursday, 27 January 2022. |
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TCS world's second most valuable IT brand, Infosys fastest-growing: Report
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Tata Consultancy Services (TCS) has become the second most valued brand in the information technology (IT) services sector globally, while Accenture retains the title of the world’s most valuable and strongest IT services brand, according to Brand Finance. |
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Upcoming Events:
10 February, 2022
Online Event: Expert Panel on the 2022-23 Budget and Prospects for the Indian Economy by School of International and Public Affairs (SIPA), Columbia University
10 February, 2022
Special session on Union Budget 2022 by State Bank of India
12 February, 2022
The Washington DC & New York Chapters of The Institute of Chartered Accountants of India
18 February, 2022
Webinar with Indian Fintech Forum
18-21 February 2022
14th edition of IIJS Signature 2022 and 8th Edition of India Gem and Jewellery Machinery Export at Bombay Exhibition Centre, Goregaon, Mumbai
24 February, 2022
India- USA Virtual B2B Meet in Electronic Components Sector
4 March, 2022
Briefing for Food Exporters from India to US organized by Entry India in partnership with Port Authority of NY NJ, Food and Drug Administration and US Customs
8 March -10 March, 2022
Virtual Event: India Handwoven & Hometextiles Sourcing Fair
9 March, 2022
Consulate General of India, New York in partnership with Start Up India and USISPF organizing a Virtual event on Start Ups
13 March - 15 March, 2022
Seafood Expo North America (SENA- 2022)
25 March - 28 March, 2022
42nd Edition of India Carpet Expo
30 March – 3 April, 2022
53rd edition of Indian Handicrafts and Gifts Fair (IHGF), Delhi Fair
22 April, 2022
BSM in Food & Beverage Sector organized by Trade Promotion Council of India
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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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