India Weekly Update from Tom Thomas

June 18th, 2021 – VOLUME 1/ISSUE 23

· News from Scotland and Beyond

INDIA CONSIDERING BILLIONS OF DOLLARS CREDIT INCENTIVES TO BOOST HEALTHCARE INFRASTRUCTURE: With an aim of boosting India’s healthcare infrastructure, the Government is considering billions of dollars’ worth credit incentives.

India’s Unicorn tally reaches the half century mark: With 16 entrants to Unicorn status in 2021, India has reached the half century mark for Unicorns. This number is expected to grow.

What the implications for loss of “safe harbor “ mean for Twitter in India: Social media platform Twitter faces heat in India for compliance required to new Government of India laws for intermediaries.

IKEA begins home delivery of products in Bengaluru: Swedish furniture retailing giant IKEA starts delivery of their products in Bengaluru through its ecommerce and mobile shopping app.

"Karnataka is a very important market for IKEA and Bengaluru is one of the largest home furnishing

markets in India." – Peter Betzel, CEO IKEA India

OFF-BEAT: THE SCOTTISH SURGEON WHO DISCOVERED HINDOOSTANEE: John Gilchrist, Scottish Surgeon, published many works such as Aesop’s fables in languages such as Urdu, Persian, Bengali , Sanskrit and Persian during his tenure in India two hundred years ago.

Quote-Unquote

“The pandemic has increased digital usage by all kinds of customers across sectors pan India & startups which are benefiting from the same are leveraging their track record to raise sizeable equity rounds and in the process some are even reaching the unicorn status” Ankur Bansal, Director, BlackSoil

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