India Weekly Update from Tom Thomas

June 25th, 2021 – VOLUME 1/ISSUE 24

· News from Scotland and Beyond

INDIA 5TH LARGEST RECEPIENT OF FDI INFLOWS GLOBALLY: A UN Report states that India received $64 Billion in Foreign Direct Investment ( FDI) in 2020. This is testimony to the country’s strong fundamentals.

Continuous Reforms make India a Great Place to do Business: India’s Finance Minister Nirmala Sitharaman asserts that continuous reforms make India a great place to do business.

Norms relaxed for Voice Based BPOs: The Department of Telecommunications has eased the norms for Voiced Based BPOs, and this is expected to grow the sector to $55 Billion over the next few years.

Mukesh Ambani launches big clean energy business plans: Reliance Industries’ Mukesh Ambani (and also Asia’s richest man) announces huge plans to launch clean and green energy businesses.

"The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer"Mukesh Ambani

OFF-BEAT: JAMSETJI N TATA EMERGES AS TOP PHILANTHROPIST OF LAST CENTURY: With donations that are valued today at over $100 Billion, Jamstji N Tata emerges as the top philanthropist of the last century, ahead of Bill and Melinda Gates who are at second position, according to a list of top 50 Global Philanthropists compiled by Hurun and EdelGive.

Quote-Unquote

“The guidelines issued today are revolutionary in nature and will make India a favourable destination for expansion of voicerelated BPO centres” Ravi Shankar Prasad, Telecom Minister

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