Welcome to the 15 January, 2023
edition of INDIA BULLETIN, presented by the Consulate General of India, Sydney
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Invest in ‘bright spot’ India: PM Modi to global investors
Prime Minister Narendra Modi appealed to the Indian diaspora and global investors to invest in the country, assuring them that his “stable and decisive” government has created the right conditions for ease of doing business by building modern infrastructure, removing red tape and putting up systems for seamless coordination between departments.
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Record of India’s wheat crop will pave way for easing of export curbs
The production outlook is brighter this season as the planting area has expanded and many farmers have sown new varieties that can resist higher temperatures and the weather also has been favourable so far.
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Free Trade Agreements help provide new opportunities for Australian businesses
Free Trade Agreements (FTAs) provide a competitive edge for Australian businesses. By reducing and eliminating certain barriers to international trade and investment, FTAs benefits Australian exporters, importers, producers and investors.
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Australia FTA paves way for other pacts to loosen factory inspection norms: Pharmexcil’s Bhaskar
The interim free trade pact with Australia may not immediately enhance India’s pharmaceutical exports Down Under, but offers a major relaxation on factory inspections that can pave the way for more such deals with developed countries
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India's startup funding in 2022 doubled the pre-pandemic level: PwC
The highest number of new unicorn start-ups in CY22 were in the sectors of Software as a Service (SaaS), FinTech, Logistics, and AutoTech
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India has the potential to be the number one auto market: Suzuki President
Mr. Toshihiro Suzuki, the President and the Representative Director of Suzuki Motor Corporation, at the Auto Expo 2023, stated that India has the potential to become the number one automotive market in the world and small cars have a major role to play in it.
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RBI increases FPI limits in govt bonds by Rs170 billion
The Reserve Bank of India (RBI) has raised the limit on investment in government bonds by foreign portfolio investors (FPI) by an aggregate Rs 170 billion (US$ 2.62 billion) during the April-June 2017 period. The investment limit in central government securities have been increased by Rs 110 billion (US$ 1.7 billion),
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India is a land of opportunity and a trusted partner in global supply chains: Mr. Piyush Goyal
India today is a land of opportunity and can be a "trusted partner" for global and American corporations in their supply chains and investment portfolios, Commerce and Industry
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BMW sees huge growth potential in India
BMW sees "huge growth potential for market leadership" here given the low penetration. Driven by the highest ever number of launches (26) and pent-up demand arising from the pandemic-induced lockdowns. BMW India sold 35 per cent more cars (BMWs and Minis combined) in 2022 at 11,981 units (of which 11,268 were BMWs), making it the highest ever deliveries in its history since its entry in 2007
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India added 11 GW of utility-scale solar capacity in 2022: Study
From January 2022 till December 2022, 13,956 MW solar capacity and 1,847 MW of solar capacity and 1,847 MW of wind capacity was added in India, which was about 17.5 per cent and 26.6 per cent, respectively, higher compared to 2021, according to a recent analysis
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Petroleum & natural gas sector to drive growth of green hydrogen in India: Hardeep Puri
The Oil marketing companies (OMCs) have been directed to prepare a plan in the field of green hydrogen
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Auto Expo 2023: Green energy in spotlight amid the focus by Govt on ethanol blending
sneak peek into products showcased like Maruti Suzuki's Wagon R and the 2-wheelers by Suzuki, Honda, Hero MotoCorp and Bajaj
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Repowering old wind power plants will attract Rs 40,000 crore investments: Crisil Ratings
The Ministry of New and Renewable Energy's (MNRE) draft policy for repowering old wind power plants is a step in the right direction to increase wind power generation and it can potentially kickstart investments worth Rs 40,000 crore
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