India Weekly Update from Tom Thomas

APR 16, 2021 – VOLUME 1/ISSUE 13

· News from Scotland and Beyond

UK PM EXPECTED TO FINALISE ROADMAP 2030 ON INDIA VISIT

UK PM Boris Johnson to finalize RoadMap 2030 during India Visit on April 26th. The trip has been shortened due to rising COVID levels in India

India to leverage CNG Pipeline Grid to transport Hydrogen
India is working to leverage its Compressed Natural Gas ( CNG) pipeline and infrastructure to reduce transport costs of Hydrogen – new age emission free fuel.

Amazon launches $250 Million Venture fund for SMEs
Amazon has launched an ambitious program aimed at bringing one million
offline retailers in India online by 2025.

Cairn Energy Matter Update

Cairn Energy and Indian Government matter update.

Wholesale Price Index (WPI) Inflation rises in India
Wholesale inflation in India rose to an 8 year high in March according to Government data

Nomura cuts GDP forecast for India
Rising COVID levels in India cause Nomura to cut GDP forecast in India

Economic fallout from second wave may be limited by accelerated vaccinations: Barclays
The accelerated vaccination program of India may limit economic disruption caused by second wave says Barclays

Production Linked Incentive ( PLI) Scheme
The Production Linked Incentive ( PLI) scheme is brining large manufacturing capacity to India

Mukesh Ambani rebuilds Hamleys
Backed by billionaire Mukesh Ambani, Hamleys seek to explore the vast potential of India’s toy market.

Quote-Unquote

The visit of PM Johnson is expected to positively transform the partnership across the wide-spectrum of issues and areas relating to Defence and Security, the Indo-Pacific and Western
Indian Ocean Region (WIOR),Trade and Investments, Health care, Climate Change and people-to-people connect,"
" High Commission of India, London

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