India Bulletin | Consulate General of India

INDIA

CONSULATE GENERAL OF INDIA

BULLETIN PERTH

APRIL 2021 ISSUE - 4

Economy:

Covid-19 pandemic an opportunity to reshape world Australia and India are ‘natural partners’, says Prime order: PM Modi Minister Scott Morrison at Raisina Dialogue

At Raisina Dialogue, PM Modi calls for united global efforts File photo of Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi. Source: AAP to defeat Covid, says India has tried to walk the talk. In an Image/EPA/RUNGROJ YONGRIT address at the Raisina Dialogue, the Prime Minister said Prime Minister Scott Morrison invoked his friendship with India tried to protect its 1.3 billion nationals from Covid-19, Prime Minister Narendra Modi at a recent virtual summit. and, at the same time, tried to support pandemic response He praised India’s support and leadership in addressing efforts of others. The PM also said that during this COVID-19 just as he welcomed elevating the bilateral pandemic, in our own humble way, within our own limited relationship with Australia to a comprehensive strategic resources, we in India have tried to walk the talk. partnership. Read More: Read More: https://www.business-standard.com/article/current- https://www.sbs.com.au/language/english/australia-and- affairs/pm-modi-calls-for-united-global-efforts-to-defeat- india-are-natural-partners-says-prime-minister-scott- covid-pandemic-121041301215_1.html morrison-at-raisina-dialogue

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IMF Projects Impressive 12.5% Economic Growth for India attracts total FDI inflow of USD 72.12 billion India in 2021 during April 2020 to January 2021

India has attracted total FDI inflow of USD 72.12 billion International Monetary Fund (IMF) envisioned an during April 2020 to January 2021. It is the highest ever for impressive 12.5 per cent economic growth for India in the the first ten months of a financial year and 15% higher than year 2021. The Indian economy is expected to grow by 6.9 first ten months of 2019-20. Measures taken by the per cent in 2022, said the international body in its annual government on FDI policy reforms, investment facilitation World Economic Outlook. and EoDB have resulted in increased FDI inflows. Read More: Read More: https://www.outlookindia.com/website/story/india-news-imf- http://www.newsonair.com/News?title=India-attracts-total- projects-impressive-125-economic-growth-for-india-in- FDI-inflow-of-USD-72.12-billion-during-April-2020-to- 2021/379473 January%2C-2021&id=413582 India records 22 IPOs worth over US$ 2.5 billion in Fabulous FY21: India biggest recipient of FPI inflows January-March period worth US$ 35.41 billion

According to analysts, India has been the largest India witnessed 22 initial public offers worth over USD 2.5 beneficiary of foreign portfolio investments this fiscal year, billion in the first three months of 2021 amid "high with net inflows of Rs. 2.6 lakh crore (US$ 35.41 billion), momentum" in the country's capital markets and the trend attributable to adequate liquidity in global markets and is likely to stay bullish in the current quarter also, according expectations of a faster economic recovery. Despite to a report. pandemic woes and concerns over the economy, domestic stock markets have performed well this financial year, Read More: giving substantial returns to investors. https://www.livemint.com/market/ipo/india-records-22-ipos- Read more: worth-over-2-5-billion-in-january-march-period- 11619000469503.html https://yourstory.com/2021/03/fabulous-fy21-india-biggest- recipient-fpi-inflows

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#IndiafightsCOVID-19: Oxygen Expresses to cross cumulative 450 million tonnes of Oxygen delivery 551 PSA Oxygen Generation Plants to be set up in public health facilities across the country through PM Indian Railways has transported more than 302 MT of CARES Oxygen safely & securely to various states across India. Another 154 MT liquid medical oxygen is on its way. The PM CARES Fund on Sunday approved the allocation Railways has picked up the challenge of movement of the of funds for the installation of 551 dedicated Pressure life-saving Oxygen to the states wanting oxygen. Railways Swing Adsorption (PSA) medical oxygen generation plants is responding to all requests received from state inside public health facilities in the country. governments and is in constant touch with the respective Read More: authorities for additional Oxygen train requirements. https://www.livemint.com/news/pm-cares-approves-setting- Read More: up-of-551-psa-oxygen-generation-plants- https://www.ibef.org/news/oxygen-expresses-to-cross- 11619342284282.html cumulative-450-million-tonnes-of-oxygen-delivery-by-today

DRDO to set up 500 Medical Oxygen Plants within three months under PM CARES Fund India is the fastest country to administer 14 Crore Using the Medical Oxygen Plant (MOP) technology Doses of COVID-19 Vaccine in 99 days developed for on‐board oxygen generation on the Light Combat Aircraft (LCA) Tejas, the Defence Research and Development Organisation (DRDO) will set up 500 medical oxygen-generating plants across the country within three months under the PM CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situations) Fund

Read More: https://www.thehindu.com/news/national/drdo-to-set-up- 500-medical-oxygen-plants-under-pm-cares- fund/article34429167.ece

India’s ascension to become Pharmacy of the World

The cumulative number of COVID-19 vaccine doses administered in the country has crossed the landmark of 14 crore today as part of the world’s largest vaccination drive. Cumulatively, 14,09,16,417 vaccine doses have been administered through 20,19,263 sessions, as per the provisional report till 7 am today. These include 92,90,528 HCWs who have taken the 1st dose and 59,95,634 HCWs who have taken the 2nd dose, 1,19,50,251 FLWs (1stdose), 62,90,491 FLWs (2nddose), 4,96,55,753 1st

dose beneficiaries and 77,19,730 2nd dose beneficiaries India today has attained the moniker of “Pharmacy of the more than 60 years old and 4,76,83,792 (1st dose) and World” and is indeed true with its radical innovation and 23,30,238 (2nd dose) beneficiaries aged 45 to 60 years. ability to provide medicines and medical support to various nations across the globe, aided by its “Neighbourhood First Read More: Policy” and “Vaccine Maitri” initiative. https://www.ibef.org/news/india-is-the-fastest-country-to- Read More: administer-14-crore-doses-of-covid19-vaccine-in-99-days https://indbiz.gov.in/indias-ascension-to-become-pharmacy- of-the-world/

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Agri: Exports:

India's processed food products exports witnessed a Exports rise to US$ 13.72 billion during Apr 1-14: growth of 26.51% during April-February2020-21, Commerce Ministry data despite challenges posed by COVID-19 pandemic According to preliminary data from the Commerce Ministry, India’s export of processed food products has witnessed a the country's exports increased to US$ 13.72 billion from growth of 26.51%in Rupee term during April-February April 1-14, 2021, attributable to a strong growth rate in (2020-21), compared to 2019-20. sectors such as engineering and gems and jewelry. The total value of exports from April 1-14, 2020 was US$ 3.59 Value of Exports of processed food products: billion. The figures indicates that imports increased to US$ 19.93 billion in the review period, up from US$ 6.54 billion April-February in the same period last year. Exports increased by 60.29% (2020-21) to US$ 34.45 billion in March 2021. The outbound VALUE QTY shipments stood at US$ 290.63 billion in FY21. PRODUCTS Rs. In MTs Crores Read More: PULSES 255415 1828 https://www.ibef.org/news/exports-rise-to-us-1372-billion- PROCESSED VEGETABLES 335229 2846 during-apr-114-commerce-ministry-data PROCESSED FRUITS & JUICES 485181 4666 GROUNDNUTS 589658 4911 Logistics: GUAR GUM 210712 1742 CEREALS PREPARATIONS 366595 4261 Indian Railways transported Highest ever loading of COCOA PRODUCTS 23432 1006 1232.64 Million Tonnes (MT) in the financial year 2020- 21 MILLED PRODUCTS 356721 1382 ALCOHOLIC BEVERAGES 230738 2265 MISC. PROCESSED ITEMS 5679 Oil MEALS 11471 TOTAL 43798

Read More: https://www.ibef.org/news/indias-processed-food-products- exports-witnessed-a-growth-of-2651-during- aprilfebruary202021-despite-challenges-posed-by-covid19- pandemic

Retail:

Indian real estate sector attracts $922 m investments in Indian Railways transported Highest ever loading of Q1 1232.64 Million Tonnes (MT) in the financial year 2020-21. The Freight Revenue of Indian Railways was Rs. 1,17,386 Institutional investments continued the momentum during crore (approx) for the financial year 2020-21 compared to the first quarter (Q1) of calendar 2021, registering a 21 per Rs. 1,13,897 crore during 2019-20. Indian Railways also cent growth in volumes at $922 million ($763 million), doubled the speed of Freight Trains to 44 kmph from 24 indicating sustained investor interest in the domestic real kmph in previous year. estate market. With 42% share, Hyderabad tops Indian cities. Read More:

Read More: https://www.financialexpress.com/infrastructure/railways/ind ian-railways-freight-transportation-records-highest-loading- https://www.thehindubusinessline.com/economy/indian- ran-450-kisan-rail-since-august-2020/2230602/ real-estate-sector-attracts-922-m-investments-in- q1/article34421406.ece

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Renewables: Oil & Gas:

India indisputably a world leader in deployment of India's Gas Output to Jump 52% By 2024 Led By renewable energy: John Kerry ONGC, Reliance-BP

US Special Presidential Envoy for Climate John Kerry said By 2024, India's natural gas production is expected to that India's global leadership has been critical across a increase by 52% to 122 million standard cubic metres per range of issues, including delivering COVID-19 vaccines to day, as state-owned Oil and Natural Gas Corporation the world. Kerry also appreciated Prime Minister Narendra (ONGC) and Reliance Industries Ltd-BP combine to expand Modi-led government's target of 450 GW of renewables by production from the KG basin fields. 2030. Read More: Read More: https://www.livemint.com/companies/news/indias-gas- https://www.livemint.com/news/india/india-indisputably-a- output-to-jump-52-by-2024-led-by-ongc-reliancebp- world-leader-in-deployment-of-renewable-energy-john- 11619087917041.html kerry-11617720528084.html Telecom: Coal India signs first ever power purchase pact with GUVNL for sale of 100 mw solar power India's 4G subscriber base may grow to 820 million in FY22, says Crisil

State-owned CIL has entered into its first ever power purchase pact with Gujarat Urja Vikas Nigam Ltd (GUVNL) Despite a COVID-19 increase, India's 4G user base is for sale of 100 mw solar power. The power purchase projected to increase to around 820 million in FY22, agreement (PPA) has a 25-year term, according to Coal according to Crisil Research. The Big 3 telcos are expected India Ltd. (CIL). CIL earned a 100 MW solar power project to use their newly acquired airwaves to improve coverage in a reverse auction held by GUVNL in March. and drive the country's remaining 250-300 million feature phone users to upgrade to 4G. Read More: Read More: https://energy.economictimes.indiatimes.com/news/coal/co al-india-signs-first-100-mw-solar-power-purchase- https://telecom.economictimes.indiatimes.com/news/indias- agreement/82226257 4g-user-base-may-grow-upto-820-million-in-fy22-as-telcos- expand-coverage-crisil/82272111

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IT:

Tech Mahindra ties up with Enate to deliver Intelligent Wipro pips HCL Tech in m-cap to become third most- Automation valued Indian IT firm

Enate, a UK based Robotic Process Orchestration solutions Wipro recaptured the third most valuable information company, has announced a strategic partnership with Tech technology (IT) business in India, surpassing HCL Mahindra. Together, Enate and Tech Mahindra will help Technologies in terms of market capitalization (market- global enterprises scale up their automation journey cap). Wipro was ranked 12th in the overall m-cap ranking, efficiently through Enate’s proprietary Robotic Process with an m-cap of Rs. 2.65 trillion (US$ 35.28 billion). HCL Orchestration (RPO) technology. Technologies has stood at number 13 with an m-cap of Rs. 2.62 trillion (US$ 34.89 billion). Read More: Read More: https://mybigplunge.com/tech-plunge/technology/tech- mahindra-ties-enate-deliver-intelligent-automation-global- https://www.ibef.org/news/wipro-pips-hcl-tech-in-mcap-to- enterprises/ become-third-mostvalued-indian-it-firm

Parle Products partners with IBM to drive growth Nasscom pegs Indian IT industry revenue at $194 billion for FY21

FMCG major Parle Products and IBM announced a Despite the global economy being in the grip of the Covid- partnership under which the IT major will provide 19 pandemic, the Indian information technology (IT) technological support to the biscuit maker to bring its industry is projected to grow its revenue by 2.3% year-on- products to the market quickly and effectively. Parle will year to $194 billion in FY21, Nasscom said. According to leverage IBM's transformative hybrid cloud and artificial the IT industry trade body, revenue from software services intelligence (AI) capabilities, along with its leading security exports is pegged to grow 1.9% to $150 billion during the and industry expertise with the tech major's business period under review. The Indian IT industry accounts for 8% consulting and technology services. of the country's gross domestic product (GDP) while it has a 52% share in services exports. Read More: Read More: http://www.businessworld.in/article/Parle-Products- Partners-With-IBM-To-Drive-Growth/22-04-2021-387347/ https://www.fortuneindia.com/macro/indian-its-revenue-to- touch-194-bn-in-fy21-nasscom/105193

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Start Ups: Manufacturing:

India's next 35 unicorns may include Practo, BharatPe, International firms expanding production in India as Eruditus, Vedantu govt backs investors with PLI

Leading international companies are expanding production India is fast emerging as a startup nation. In around a in India after the government launched attractive initiatives decade, the Indian startup ecosystem has scaled to such as the production-linked incentive (PLI) scheme for become the third-largest start hub in the world followed by smartphones and other technology-driven sectors. The PLI the US and China. It has come up with the launch of the schemes will help India export electronic/IT goods worth Rs second edition of India’s Soonicorns list. The list includes 2.45 trillion a year. 35 startups that have the potential to achieve a $1 billion- plus valuation (unicorn) in near future. Read More:

Read More: https://auto.economictimes.indiatimes.com/news/auto- components/international-firms-expanding-production-in- https://www.business- india-as-govt-backs-investors-with-pli/81923831 standard.com/article/companies/india-s-next-35-unicorns- may-include-practo-bharatpe-eruditus-vedantu- 121042301032_1.html Defence:

Science & Technology: DRDO develops Single Crystal Blades for helicopter engine application India emerging a leader in supercomputing

The Defence Research and Development Organisation

(DRDO) has developed single crystal blades technology for India is fast emerging a leader in high power computing helicopters and has supplied 60 of these blades to with the National Super Computing Mission (NSM) boosting Hindustan Aeronautics Limited (HAL) as part of their it to meet the increasing computational demands of indigenous helicopter development programme for engine academia, researchers, MSMEs, and startups in areas like application. oil exploration, flood prediction as well as genomics and drug discovery. Read More:

Read More: https://www.indiatoday.in/india/story/drdo-develops-single- crystal-blades-for-helicopter-engine-application-1795221- https://dst.gov.in/india-emerging-leader-supercomputing 2021-04-26

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Come, Practice Yoga for a Healthy You at Government House Lawns

An Initiative of Consulate General of India, Perth & Indian Society of WA (ISWA) at the beautiful Government House Gardens. Improve your posture, balance, breathing and coordination with a yoga class at Government House.

Each session will be followed by 10 minutes of immunity boosting tips by an Ayurveda practitioner.

Dates : Every Thursday’s (weather permitting)

4-5pm

To register and for more info: https://govhouse.wa.gov.au/yoga-in-the-grounds-returns- for-2021/

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Upcoming Trade Expo’s

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