Welcome to the 13 April, 2022
edition of INDIA BULLETIN, presented by the Consulate General of India, Sydney
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India and Australia ink free trade deal
India and Australia signed a comprehensive interim free-trade agreement that will provide zero-duty exports to 100% tariff lines from India to the Australian market, thus aiding labour-intensive sectors and providing greater access to the services space.
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India-Australia ECTA to create 1 mn jobs in next 4-5 years
Commerce and Industry Minister Mr. Piyush Goyal stated that the India-Australia Economic Cooperation and Trade Agreement (ECTA) will create roughly 10 lakh jobs in the next 4-5 years.
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India, Australia will set up committee to start negotiations on CECA
After the signing of the interim trade agreement between India and Australia, a committee formed the two nations will start talks within two-and-a-half months for transforming the early pact into a full-fledged comprehensive economic cooperation agreement (CECA).
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'Make in India' gets a boost with Vande Bharat Express
The introduction of the Vande Bharat Express has given a solid boost to Indian Railways. The Vande Bharat Express is India's first semi high-speed inter-city EMU.
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US based Triton Electric to Set Up Commercial EV Plant in India
US based Triton Electric Vehicle LLC signed an agreement with the Gujarat Government to set up a commercial electric vehicle manufacturing plant at Bhuj in the Kutch district with a total investment of Rs 10,800 crore.
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India's agriculture exports cross $50 bn in FY22: Commerce Ministry
India's exports of agricultural products, including marine, for the year 2021-22 have crossed the $50 billion. This would be the highest level ever achieved for agriculture exports.
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Airbnb to open technology hub in Bengaluru
Online accommodation platform Airbnb announced the opening of a new technology hub in Bengaluru to help it serve its "global community".
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India, Australia should look at $100 bn bilateral trade by 2030
Commerce and Industry Minister Mr. Piyush Goyal said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.
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Australia announces a landmark investment package for India
The Government of Australia announced a landmark investment package worth $280 million with India. This package is expected to help in furthering the bilateral economic relationship between the two countries and to also support businesses and jobs.
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India to grow at 7.5% in FY23 on strong investment: ADB
India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5 per cent for 2022-23.
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Services export revenue to touch US$ 1 trillion by 2027
Growing demand for services in sectors such as medicine, law, and gaming and an uptick in the tourism industry is anticipated to boost India’s services export revenue to reach US$ 1 trillion by 2027 – three years ahead of estimates.
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Apple’s big bite: Exports from India at Rs 10,000 crore
Riding on the back of the Production-linked Incentive scheme, Apple has clocked exports worth Rs 10,000 crore from India in FY 21-22. Apple was also able to meet 75-80% of its total demand in India through domestic production.
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Coca-Cola to invest 1,000 crore in Telangana
FMCG biggie Hindustan Coca-Cola Beverages (HCCB) is investing 1,000 crore in setting up its second factory in Telangana, and its 17th in India.
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India Investment Grid: Click on the image above for
Investment opportunities in Indian Energy Sector
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Qantas’s announcement of Sydney-Bengaluru direct flight - a boost to travel and tourism between India and Australia.
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Check out the latest ediiton of
'INDIA PERSPECTIVES: THE FLAGSHIP MAGAZINE OF THE MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA'
by clicking on the image above.
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