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Tech giant Google has unveiled a major infrastructure initiative called America-India Connect as part of its strategic expansion in India. The project announced at the India AI Impact Summit 2026 in New Delhi will establish new subsea fiber-optic routes and enhanced digital connectivity between the United States and India, along with strategic links to other regions of the Southern Hemisphere. This move highlights India’s growing importance as a launchpad for next-generation artificial intelligence, cloud computing and digital services. The “America-India Connect” initiative builds on Google’s previously announced US$15 billion investment plan in India over the next five years, which includes the construction of a gigawatt-scale AI data centre hub in Visakhapatnam and expanded subsea connectivity designed to support AI training, hyperscale cloud workloads and high-capacity data traffic. The new subsea cable network will include three undersea paths linking India with Singapore, South Africa and Australia, along with multiple terrestrial fiber routes connecting India with the U.S. and other global nodes. Alphabet CEO Sundar Pichai, speaking at the summit, described the connectivity strategy as part of Google’s long-term commitment to expanding digital infrastructure that underpins artificial intelligence adoption across sectors such as healthcare, education, agriculture and enterprise services. He noted that enhanced fiber-optic and subsea networks are essential to supporting low-latency, high-capacity data flows required by advanced AI applications and cloud computing. In addition to subsea and fiber infrastructure, Google is expanding regional partnerships with institutions and governments to accelerate AI research and public services. The company has earmarked funding and collaborative programs aimed at training talent, delivering responsible AI tools and fostering access to frontier models for scientific and enterprise applications. The new infrastructure anchored by a subsea gateway in Visakhapatnam is expected to deepen India’s role in global digital trade corridors, diversifying connectivity beyond traditional landing points such as Mumbai and Chennai. This diversification enhances network resilience and creates broader routes for global data movements between continents, strengthening access to AI-driven services and digital platforms across emerging and established markets. Google’s investment reflects broader global trends where digital infrastructure particularly fiber-optic and submarine cable networks increasingly shapes economic competitiveness, innovation ecosystems and cross-border data flows in an era defined by cloud computing, digital services and artificial intelligence. Google’s America-India Connect initiative signals a fundamental shift in how digital infrastructure is being positioned as a strategic platform for innovation, collaboration and economic integration across continents. Enhanced subsea fiber connectivity between India and the U.S. not only supports faster AI workloads and cloud computing deployments but also lays the groundwork for cross-regional collaboration between European, Indian and global tech ecosystems.This improved digital backbone strengthens opportunities for startup partnerships in AI, cloud services, cybersecurity, data analytics and digital infrastructure, enabling European and Indian ventures to jointly develop, scale and deploy solutions that require high-performance global connectivity. --Join SEINET - the digital partnership infrastructure for tech businesses and leaders in EU-UK and India.Start with a verified community, and unlock access to the exclusive Leaders Network for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets <a href="https://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(37, 99, 235);">www.startupeuropeindia.net</a>

Google Announces America-India Connect Initiative with New Fiber-Optic Routes to Boost AI Connectivity

The State of AI in India: Models, Deployment, Semiconductors, and Regulation

India’s Defence Acquisition Council (DAC) has given the nod to a mega defence modernisation package worth roughly ₹3.25 lakh crore (about $39 billion) that includes the procurement of 114 Dassault Rafale multirole fighter jets from France one of the country’s largest defence acquisitions in years. The move comes just days before French President Emmanuel Macron’s scheduled official visit to New Delhi, signalling deepening strategic cooperation between the two nations. The clearance from the DAC chaired by Defence Minister Rajnath Singh paves the way for the proposed Rafale deal to now progress through commercial negotiations and final approval by the Cabinet Committee on Security. Under the plan, an initial batch of jets will be delivered in fly-away condition, while the majority of the fleet approximately 90 of the 114 aircraft is expected to be assembled and manufactured in India with significant indigenous content, aligning with the government’s Atmanirbhar Bharat (self-reliant India) initiative. The proposal is part of a broader defence procurement programme that also includes additional platforms such as P-8I maritime patrol aircraft for the Indian Navy, reflecting a comprehensive push to modernise capability across air and sea domains. India’s Air Force, which has faced a long-standing squadron shortfall, anticipates that the new Rafale jets will bolster its combat edge, including air-dominance, precision strike and reconnaissance missions. The timing of the DAC’s approval shortly before Macron’s visit scheduled around key diplomatic engagements highlights the strategic importance of Franco-Indian defence ties. In parallel, French defence manufacturer Safran has expressed preparedness to establish engine production and assembly lines in India, potentially deepening industrial cooperation and transfer of aerospace capabilities to Indian suppliers. Local production is expected to involve partnerships with Indian aerospace firms, including Tata Advanced Systems and other private sector players, providing a boost to India’s domestic defence industrial base and wider ecosystem. These collaborations fit within the government’s wider vision of expanding high-tech manufacturing and boosting employment in the aerospace and defence sectors. From a geostrategic perspective, the proposed Rafale acquisition enhances India’s deterrence and rapid response capabilities amid evolving security dynamics in the Indo-Pacific region. By deepening defence partnerships with European allies such as France and coupling them with major acquisitions, India is strengthening its multi-vector security posture that spans air, sea and land domains. India’s Rafale deal underlines the growing strategic and industrial convergence between Europe and India extending beyond trade into defence collaboration, technology partnerships and advanced manufacturing ecosystems. As agreements unlock in-country production, aerospace supply chains and co-development opportunities, startups and scale-ups on both sides can tap into emerging innovation corridors in aerospace tech, defence electronics, avionics, digital simulation, cybersecurity and advanced materials.--Join SEINET — the digital partnership infrastructure for tech businesses and leaders in EU-UK and India.Start with a verified community, and unlock access to the exclusive Leaders Network for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets <a href="https://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(37, 99, 235);">www.startupeuropeindia.net</a>

India Clears $39 Billion Defence Deal to Buy 114 Rafale Fighter Jets from France Ahead of Macron’s Visit

After a landmark year of international entries into the Indian market in 2025, a fresh wave of global retail brands is preparing to make its official India debut throughout 2026. Bengaluru-based industry observers say this trend highlights how India’s growing consumer base, rising discretionary incomes, and expanding organised retail ecosystem are making the country an increasingly attractive destination for global lifestyle, fashion, food and experiential brands.In 2025, more than 30 international labels across sectors such as fashion, beauty, athletics, and quick-service dining entered India through a mix of physical stores, franchising partnerships, and online-first retail strategies, signalling strong confidence in India’s retail growth story. Building on that momentum, several high-profile global players have now lined up market entries for 2026.<h3>Brands Poised to Debut</h3>Among the brands preparing to enter India this year:<ul><li>Off-White (Italy) - The luxury streetwear label is expected to open up to six flagship stores across major metros in early 2026 through a distribution partnership with Brand Concepts Ltd, tapping into India’s burgeoning luxury demand.</li><li>Yves Rocher (France) - The French dermo-botanical beauty brand has signed a phased launch in partnership with a leading Indian beauty ecosystem, set to roll out haircare and skincare segments mid-year.</li><li>German Doner Kebab (UK) - The fast-casual dining chain plans its first India location under a master franchise agreement, with a nationwide expansion strategy.</li><li>Lululemon (Canada) -The premium athletic wear brand is entering via a franchise tie-up with Tata CLiQ, blending offline stores with dedicated online experiences.</li><li>Abercrombie &amp; Fitch (USA)- The iconic American lifestyle retailer will combine physical stores with e-commerce launches through strategic partnerships.</li><li>Boo Boo Laand (UAE) - A luxury indoor children’s entertainment concept plans multiple city entries starting with Mumbai, expanding to Delhi, Bengaluru and beyond.</li></ul>This next phase of entries spans fashion, beauty, lifestyle, fitness and entertainment categories, reflecting confidence that India remains one of the world’s most dynamic consumer demand landscapes driven by a young population, digital adoption, and rising urban expenditure. Analysts note that many of these brands are adapting hybrid go-to-market strategies that combine omnichannel retail, franchised operations and bespoke partnerships tailored for Indian consumer preferences.<h3>A Strategic Retail Opportunity</h3>India’s organised retail market - growing at double-digit rates is now a strategic priority for global brands seeking sustained growth beyond mature markets. With rising middle-class incomes and expanding Tier-2 and Tier-3 market penetration, India offers global players a compelling blend of scale, demographic advantage and innovation-led retail expansion. Data shows that retail participation from global players has nearly doubled compared with the pre-pandemic average, indicating robust long-term opportunity.The wave of global brand entries into India in 2026 highlights burgeoning cross-border commercial and innovation opportunities. As European and international retail names test and commit to India’s retail ecosystem, the conditions for joint ventures, tech-driven retail solutions, omnichannel brand experiences and supply chain collaborations become stronger.European lifestyle and consumer brands, Indian retail technology startups, logistics innovators and digital commerce players can jointly capture new growth pathways strengthening Europe-India retail innovation linkages and reinforcing mission to bridge entrepreneurial and market access ecosystems across regions.--Join SEINET — the digital partnership infrastructure for tech businesses and leaders in EU-UK and India.Start with a verified community, and unlock access to the exclusive Leaders Network for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets <a href="https://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(37, 99, 235);">www.startupeuropeindia.net</a>

Global Retail Brands Gear Up for India Debut in 2026 as Market Opportunity Expands

A new Ember report reveals India is electrifying faster and burning far less fossil fuel per capita than China did at the same stage of economic development. The implications extend well beyond South Asia.Published: February 11, 2026When Prem Chand, a rickshaw driver in Delhi, switched from a gas-powered vehicle to an electric three-wheeler eight months ago, he did it for one reason: economics. The e-rickshaw costs less to run and, as a bonus, produces zero tailpipe emissions in a city routinely ranked among the world’s most polluted. His story, reported by CNN on February 11, 2026, is a microcosm of a much larger transformation sweeping the world’s most populous nation.India is now electrifying its economy faster than China did at an equivalent stage of development, burning significantly less coal per capita in the process. That is the central finding of a January 2026 report from Ember, a London-based energy think tank, titled “India’s Electrotech Fast-Track: Where China Built on Coal, India Is Building on Sun.” The analysis, which adjusts GDP per capita for purchasing power parity using World Bank data, compares India today (roughly $11,000 per person) with China in 2012, when both countries sat at similar income levels.The implications reach far beyond the subcontinent. India is the world’s third-largest greenhouse gas emitter. If it can industrialise without replicating China’s coal-intensive pathway, it offers a proof of concept that other emerging economies in Africa, Southeast Asia, and Latin America could follow.The Data: India vs. China at Equivalent Development LevelsThe Ember report uses electricity data from its own global dataset, final energy data from the International Energy Agency (IEA) World Energy Balances, and GDP figures from the World Bank to draw its comparisons. The results are striking across three key metrics: coal dependency, solar capacity, and electric vehicle adoption.Key Comparative Metrics: India Today vs. China in 2012Solar share of electricity India (2025): ~9% | China (2012): NegligiblePer capita coal generation India (2025): ~1 MWh | China (2012): ~2.5 MWh (40% higher ratio)EV share of car sales India (2025): ~5% | China (2012): Near zeroElectric three-wheeler leadership India (2025): Global No. 1 | China (2012): N/AElectrification rate (final energy) India (2025): ~20% | China (2012): ~20% (similar threshold)Per capita road oil demand India (2025): 96 litres (gasoline equiv.) | China (2012): ~192 litresSolar-plus-storage vs. new coal cost India (2025): Solar ~50% cheaper | China (2012): Coal ~10x cheaper than solarSources: Ember (Jan 2026), IEA World Energy Balances, World Bank PPP data, IRENA RE Statistics 2025, BloombergNEF.The coal comparison is particularly significant. India’s per capita coal generation stands at roughly 1 MWh, about 40% of what China was burning at the same income level. According to Ember, Indian coal-fired generation fell year-on-year in 2025 for the first time, although analysts attribute part of that decline to unusually mild weather reducing cooling demand. The Ember and TERI least-cost pathway projects plateauing coal demand through to 2030, and the IEA’s Stated Policies scenario sees India’s coal demand in 2035 at approximately today’s level.On the oil side, India’s per capita road oil demand is about 96 litres of gasoline equivalent, roughly half of China’s in 2012. According to Ember, India’s road oil demand is approaching its peak. As the report noted, India is unlikely to rescue the oil industry.The Economics Driving the Shift: Why Cost Trumps IdeologyIndia’s clean energy transition is not principally a climate story. It is an economics story. As Kingsmill Bond, energy strategist at Ember and a co-author of the report, explained to CNN, when China crossed approximately 1,500 kWh of electricity use per capita around 2004, coal generation was about ten times cheaper than nascent solar photovoltaics. Coal consequently supplied roughly 70% of the growth in China’s electricity generation over the subsequent decade.India is now crossing the same 1,500 kWh threshold in a fundamentally different cost environment. Solar-plus-battery-storage is about half as expensive as new coal plants. Battery prices alone dropped 40% in 2024, according to Bond. These cost reductions follow a consistent technology learning curve: solar, wind, and battery costs decline by roughly 20% every time deployment doubles. Fossil fuels, by contrast, tend to become more expensive as accessible reserves are depleted and producers control supply.This cost advantage is already visible in India’s renewable deployment numbers. In the first eleven months of 2025, India added approximately 35 GW of solar capacity, 6 GW of wind, and 3.5 GW of hydropower, a 44% increase in renewable additions compared to the previous year. India’s solar installed capacity reached 132.85 GW by November 2025, a 41% jump from 94.17 GW a year earlier, according to India’s Ministry of New and Renewable Energy. Wind energy capacity crossed the 50 GW mark in March 2025. BloombergNEF projects India will add over 50 GW of new solar capacity in 2026, potentially surpassing the United States to become the world’s second-largest solar market after China.India has already overtaken Japan to become the world’s third-largest solar energy producer, generating 108,494 GWh of solar power compared to Japan’s 96,459 GWh, according to IRENA’s 2025 Renewable Energy Statistics. As of mid-2025, renewables accounted for over 50% of India’s total installed power capacity, hitting a target set under its Paris Agreement commitments five years ahead of the 2030 deadline.Energy Sovereignty in an Unstable WorldIndia imports close to 90% of its oil and approximately half its natural gas, according to IEA data. That dependency exposes the country to price shocks and geopolitical instability. As Thijs Van de Graaf, an associate professor of international politics at Ghent University, told CNN, renewables help reduce this vulnerability.The concept of energy independence carries different meanings in different capitals. In Washington, the Trump administration uses the phrase as shorthand for expanding oil, gas, and coal production while curtailing wind and solar development. For New Delhi, energy independence increasingly means building domestic clean energy manufacturing capacity to reduce reliance on both fossil fuel imports and Chinese supply chains.India’s solar module manufacturing capacity nearly doubled in a single year, from 38 GW in March 2024 to 74 GW in March 2025. PV cell manufacturing capacity jumped from 9 GW to 25 GW over the same period. India launched its first 2 GW ingot-wafer plant, a step toward a more complete domestic solar supply chain. The government has also launched a National Critical Mineral Mission to reduce dependence on Chinese mineral inputs, and introduced customs duties on imported solar equipment to incentivise domestic production.This industrial strategy intersects with broader geopolitical realignments. A major trade deal signed between India and the European Union in January 2026 has been interpreted as a signal that both parties are seeking to diversify trade relationships away from overreliance on either the United States or China. As Ember’s report noted, the US is becoming an increasingly unreliable trade partner, and China’s supply-chain dominance is generating anxiety worldwide, creating growing demand for alternative partners. The ‘Electrostate’ Thesis: A New Framework for Global EnergyEmber’s broader research programme introduces the concept of “electrostates”: nations that meet most of their energy needs through electricity generated from clean sources. No country has fully achieved this status yet, but Bond and his colleagues argue that the direction of travel is unmistakable.The argument rests on three converging trends. First, renewable supply from solar and wind is scaling exponentially. Second, demand-side electrification, through electric vehicles, heat pumps, and industrial processes, is accelerating. Third, batteries and digital grid management are solving the intermittency problem. Together, these three technology groups form what Ember calls “electrotech.”The global numbers support the thesis. Solar and wind supplied 17.6% of global electricity in the first three quarters of 2025, up from 15.2% over the same period in 2024, according to Ember’s Q3 Global Power Report. For the first time across a sustained period, renewables generated more electricity than coal globally. Ember forecasts that 2025 will be the first year without notable fossil fuel growth in global electricity generation since the COVID-19 pandemic.Electrotech contributed an estimated 10% of global GDP growth in 2023, including 22% in China, 5% in India, 30% in the EU, and 7% in the US. The sector now captures two-thirds of global energy investment and is responsible for all expected growth in energy jobs. Around 80% of the world’s population lives in fossil fuel-importing countries, and 92% of countries have renewables potential exceeding ten times their current demand. Replacing imported fossil fuels using EVs, heat pumps, and renewables could cut net fossil fuel imports by 70%, saving an estimated $1.3 trillion globally per year, according to Ember’s September 2025 Electrotech Revolution report.The Challenges India Still FacesThe optimistic trajectory comes with significant caveats. India’s soaring energy demand means that even though renewables are being added at pace, coal is not yet being displaced from the grid, according to Debajit Palit from the Centre for Climate Change &amp; Energy Transition at the Chintan Research Foundation. India has plans to continue scaling coal capacity over the next two decades, and its oil consumption continues to grow, according to IEA country data.Supply chain dependency remains a serious vulnerability. India’s clean energy rollout still relies heavily on Chinese-made equipment and Chinese-controlled critical mineral supply chains. In early 2026, Reliance Industries reportedly put its plans to manufacture lithium-ion battery cells domestically on hold after failing to secure the necessary production equipment from China. Bond acknowledged that these risks could grow as trade becomes more contentious.Grid infrastructure is another bottleneck. Integrating large volumes of intermittent solar and wind power requires modernised transmission networks, battery storage at scale, and market reforms to enable flexible, renewable-heavy systems. India’s Ember-TERI least-cost pathway analysis suggests the country does not need to build coal capacity beyond what is already planned under its National Electricity Plan 2032, provided it meets its targets for solar, wind, and storage.India’s e-rickshaw revolution also illustrates the messy reality of rapid electrification. Many e-rickshaws operate without authorisation and run on stolen electricity. The transition is unfolding faster than regulatory frameworks can adapt, a pattern likely to intensify as electrification spreads to other sectors.What This Means for Emerging EconomiesIndia’s pathway is not unique. Countries across the developing world are beginning to take advantage of the same cost dynamics. Ember’s research shows that 63% of emerging market electricity demand has leapfrogged the United States in terms of solar as a share of generation. The ASEAN region and Bangladesh have surpassed the US in terms of electrification of final energy demand. Solar is accelerating across Africa, with countries like South Africa and Pakistan already using low-cost Chinese solar panels to bypass fossil-fuel-intensive development paths.The key insight from Ember’s analysis is that India’s development at this particular moment in history, when electrotech costs have plummeted, allows it to follow a fundamentally different energy trajectory than the one available to China or Western economies during their industrialisation. Nations that are less developed than India today will see even greater advantages as clean energy costs continue falling.As Van de Graaf told CNN, there is a growing divergence: a US prioritising fossil fuel dominance, and emerging economies positioning themselves for an electrified energy future. The irony, several analysts have noted, is that President Trump’s transactional, go-it-alone approach to energy policy may be accelerating this shift by pushing energy-import-dependent countries to reduce their exposure to volatile fossil fuel markets and unreliable trade partnerships.India is not yet a clean energy superpower. It remains heavily dependent on coal, its grid infrastructure needs substantial upgrades, and its supply chains are uncomfortably tied to China. But the trajectory documented by Ember’s research, and corroborated by IEA data, IRENA statistics, and BloombergNEF projections, is unmistakable: India is generating more solar power, burning far less fossil fuel per capita, and electrifying transportation at a faster rate than China did at the same level of economic development.The difference is not ideological. It is economic. When solar-plus-storage costs half as much as new coal, and battery prices are falling 40% in a single year, the rational choice for an energy-import-dependent nation of 1.4 billion people is not difficult to identify. What remains uncertain is not whether India will continue electrifying, but whether it can do so fast enough to meet its exploding energy demand without locking in another generation of fossil fuel infrastructure.For the rest of the emerging world, India’s experience is the most relevant case study available. If the world’s most populous country can industrialise on cheap solar instead of coal, the orthodox assumption that developing nations must follow the fossil fuel pathway is effectively over.---Join SEINET — the digital partnership infrastructure for tech businesses and leaders in EU-UK and India corridor. Start with a&nbsp;verified community, and unlock access to the&nbsp;exclusive Leaders Network&nbsp;for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets&nbsp;<a href="https://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>---Sources and References• Ember, “India’s Electrotech Fast-Track: Where China Built on Coal, India Is Building on Sun,” January 22, 2026.• Ember, “The Electrotech Revolution,” September 2025.• Ember, “Q3 Global Power Report: No Fossil Fuel Growth Expected in 2025,” November 2025.• CNN, Laura Paddison, “China Is the Clean Energy Superpower, But There’s Another Snapping at Its Heels,” February 11, 2026.• International Renewable Energy Agency (IRENA), Renewable Energy Statistics 2025 and Renewable Capacity Statistics 2025.• International Energy Agency (IEA), India Country Profile: Oil, Natural Gas, and Energy Balances.• Government of India, Ministry of New and Renewable Energy, Press Release, December 2025.• BloombergNEF, India Solar Capacity Projections 2026 (via The Economic Times).• Centre for Research on Energy and Clean Air, Analysis on Peak Power Sector Emissions, 2025.• India Brand Equity Foundation (IBEF), Renewable Energy Industry Report, 2025.

India Is Outpacing China’s Clean Energy Timeline - And It Could Reshape the Global Energy Order

IIT Madras is charting an ambitious roadmap to transform India’s deep technology ecosystem, aiming to incubate and scale startups into globally competitive deeptech unicorns with a ₹600 crore investment commitment. The initiative reflects the institute’s drive to translate academic excellence into real-world technology breakthroughs and entrepreneurial outcomes. The deeptech push at IIT Madras is premised on a long-term, systemic approach where foundational research intersects with market-driven ventures. This strategy spans areas such as advanced computing, AI, robotics, materials science, biotechnology, energy systems, and semiconductor innovation, all of which are central to the next wave of industrial transformation. Central to the program is the belief that India’s emerging technological talent supported by world-class research capabilities is ripe for conversion into high-growth enterprise creation. The institute is collaborating with industry partners, venture capital players, corporates and policymakers to provide startups with funding, mentorship, prototyping facilities, and go-to-market support. By pouring resources into deeptech, IIT Madras aims to bridge gaps that traditionally slow down complex technology commercialization such as long product development cycles, high capital requirements, regulatory hurdles, and the need for robust scientific validation. The ₹600 crore initiative also aligns with India’s broader innovation policy landscape, which seeks to empower innovation-led entrepreneurship and position India as a hub for high-impact technology startups. Such strategic alignment has the potential to catalyse the nation’s competitive edge in sectors where breakthroughs translate directly into economic value and global relevance. This development underscores how academic institutions are no longer just knowledge producers; they are integral engines of startup creation, cross-border collaboration, and high-growth ecosystems. Europe’s strong research institutions and innovation networks coupled with India’s rising deeptech entrepreneurial momentum create fertile ground for cross-continental partnerships. By spotlighting institutional efforts like this, SEINET can help accelerate shared goals in tech innovation, venture ecosystems, cross-regional funding flows, and high-impact startup collaborations.<a href="https://youtu.be/6B-qCKWr0PI?si=Sy-4vDo3x5B_JLGa" rel="noopener noreferrer" target="_blank">https://youtu.be/6B-qCKWr0PI?si=Sy-4vDo3x5B_JLGa</a> --Join SEINET — the digital partnership infrastructure for tech businesses and leaders in EU-UK and India.Start with a verified community, and unlock access to the exclusive Leaders Network for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets <a href="https://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

IIT Madras Makes ₹600 Crore Deeptech Push Towards India’s First True Unicorns

In a significant development on February 3, 2026, India and the United States announced a major bilateral trade agreement aimed at resetting trade relations that had been strained over the past year. The announcement came after a telephone conversation between Prime Minister Narendra Modi and U.S. President Donald Trump, with both leaders describing the pact as a breakthrough in economic cooperation and an important step toward strengthening ties between the world’s two largest democracies. At the heart of the agreement is a sharp reduction in reciprocal tariffs on Indian goods entering the U.S. market. Washington has agreed to cut tariffs from previous levels- which reached an effective 50 % after punitive levies linked to India’s purchase of Russian crude -down to around 18 % for a broad basket of Indian products. This move is expected to improve cost competitiveness for Indian exporters and restore price parity with competitors such as Thailand, Indonesia and Bangladesh. In return, India is set to reduce or eliminate tariffs and non-tariff barriers on certain U.S. goods, with multiple reports indicating a move toward zero duty on several categories, opening Indian markets to U.S agricultural products, technology, energy and manufactured items. The deal also involves broader commitments on energy sourcing, with India signalling a reduction in Russian oil purchases and increased imports from the U.S. and other partners. The agreement effectively reverses the sharp tariff escalation of August 2025, when Washington imposed punitive levies that had significantly raised export costs for Indian goods and triggered market uncertainty. Sectors such as textiles, engineering goods, auto components, gems and jewellery and leather among others had seen order volumes decline due to heightened duties. Experts believe the tariff reset will provide relief to these industries and support a rebound in export volumes in 2026. Market and Economic ImpactThe trade announcement triggered an immediate positive response in Indian financial markets. The rupee strengthened sharply, marking its largest single-day gain in over seven years against the U.S. dollar, while benchmark indices surged, with the Nifty 50 and BSE Sensex both posting strong gains. Investor confidence was boosted by the removal of trade uncertainty after months of tariff volatility. Trade bodies and industry associations welcomed the reset. The Engineering Export Promotion Council (EEPC India) highlighted that lower tariffs will enhance competitiveness, especially in engineering export segments. Exporters of rice and other agricultural commodities also expressed optimism about improved market access and shipment prospects under the new tariff framework. Government Reactions and CommentarySenior Indian leaders framed the agreement as a historic achievement. Commerce Minister Piyush Goyal described the pact as a “landmark trade agreement” between two fair-trading democracies expected to benefit farmers, MSMEs, entrepreneurs, skilled workers and exporters across sectors. External Affairs Minister S Jaishankar noted that the deal will stimulate jobs, growth and innovation, reinforcing India’s “Make in India for the world” agenda. Finance Minister Nirmala Sitharaman also welcomed the tariff cut as “good news for #MadeInIndia products,” thanking both strategic partners for the development. Leaders across India’s political spectrum, including state officials, highlighted the potential economic gains, though some opposition voices have sought greater transparency on the terms and long-term implications of the pact. Key Features of the Trade Deal<ul><li>Reduced U.S. tariffs: Indian exports to the U.S. now face an 18 % tariff rate, down from previous levels that included punitive levies. </li><li>Improved market access: India is expected to reduce tariffs and non-tariff barriers on several U.S. goods, including agriculture and energy products, enhancing bilateral trade flows. </li><li>Energy and sourcing commitments: India has signalled a shift away from heavy reliance on Russian oil, pledging increased purchases from the U.S. and other suppliers. </li><li>Broader cooperation: The agreement lays the groundwork for deeper economic engagement across sectors such as technology, defence, agriculture and services, and may serve as a precursor to a more comprehensive future trade pact. </li></ul> The India-U.S. trade deal of February 2026 represents one of the most consequential developments in bilateral economic relations in recent years recalibrating tariff structures, restoring investor confidence and charting a path for stronger long-term cooperation between two of the world’s fastest-growing major economies. Join SEINET — the digital partnership ecosystem for tech businesses and leaders in EU-UK and India.Start with a verified community, and unlock access to the exclusive Leaders Network for qualified founders and decision-makers. Build trusted partnerships and collaborate efficiently across markets <a href="https://www.startupeuropeindia.net" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

India and the United States Seal Major Trade Deal; Tariffs Slashed, Markets Rally

For decades, the story of Indian pharma was written in the language of "volume." It was the "pharmacy of the world" - a massive, low-cost engine churning out millions of generic tablets as a quiet subcontractor for Western brands. But a quieter, more sophisticated revolution has reached its tipping point in 2026. The sector is shedding its image as a mere factory for hire and emerging as a high-stakes architectural firm for drug development. Leading this charge is Akums Drugs &amp; Pharmaceuticals, a company that mirrors the broader Indian arc: a journey from a cost-competitive domestic manufacturer to a global, innovation-led partner. The Evolution: From Filling Orders to Designing SolutionsThe transition of Akums follows a classic industrial "climb" that parallels how global manufacturing leaders shift from generic production to value-added services. By moving from OEM (Original Equipment Manufacturer) to a strategic partner, Akums has fundamentally changed its value proposition through three distinct eras:<ul><li>The Scale-Up (2004–2010): Focus on high-volume oral solids (tablets and capsules) for the Indian domestic market, competing on price and manufacturing efficiency.</li><li>The Quality Pivot (2011–2020): Aggressive investment in GMP-aligned facilities. The company secured approvals from the WHO, EU-GMP, and ANVISA (Brazil), satisfying Western regulatory rigors to expand beyond local borders.</li><li>The "D" in CDMO (2021–Present): Shift from taking orders to offering formulation development, stability testing, and clinical trial supplies. With four DSIR-approved R&amp;D centers and a library of over 4,200 commercialized formulations, they now function as a technical extension of global pharma brands.</li></ul> The New Architecture: India’s CDMO Landscape in 2026The shift from "volume" to "value" is best understood by comparing the champions of this space. While traditional titans like Divi’s dominate in chemical synthesis, the new wave of CDMOs focuses on complex research and integrated manufacturing.<ul><li>Akums Drugs &amp; Pharmaceuticals: Market Cap of ~$798 million (as of Jan 27, 2026). Specialized in complex formulations with 140+ patents. Their current focus is on specialized modalities like extended-release "tablet-in-tablet" technology.</li><li>Divi’s Laboratories: Market Cap of ~$19.1 billion. The undisputed leader in API (Active Pharmaceutical Ingredient) and custom synthesis, maintaining high margins through massive economies of scale.</li><li>Syngene International: Market Cap of ~$3.0 billion. An integrated CRDMO (Contract Research, Development, and Manufacturing Organization), heavily invested in biologics with a significant presence in the US to service global biotech firms.</li></ul> Financial and Market Profile: A 2026 SnapshotAs of January 2026, Akums stands as a symbol of the sector’s maturity. Following its 2024 IPO, the company has navigated a complex global "reset" in pharma spending. (Figures converted at $1 = ₹83.5).<ul><li>Revenue Resilience: For H1 FY26 (ending Sept 2025), Akums reported revenue of $244.5 million. Despite a slight 1.5% YoY revenue dip in Q2 due to falling API prices, core CDMO volumes grew by 7%, outpacing the broader industry.</li><li>Profitability Trends: The company reported a Net Profit of $5.1 million in Q2 FY26. While the EBITDA margin dipped to 9.3% (from 12.6% in Q1), management expects a recovery to the 12-14% range in the second half of the year as newer facilities ramp up.</li><li>Global Footprint &amp; Guaranteed Offtake: In late 2025, Akums began construction on a $45 million pharmaceutical plant in Zambia (Akums holds a 51% stake). Crucially, the Zambian government has committed to purchasing $50 million worth of medicines from Akums’ Indian facilities across 2026 and 2027 while the plant is under construction.</li></ul> The "EU-GMP" Crucible and AI-Led ComplianceThe European market is the primary battleground for high-margin contracts. In January 2026, Akums received EU-GMP renewal for its Plant 1 and first-time certification for its Plant 2 in Haridwar. This regulatory green light from the Bulgarian Drug Agency is the key to unlocking a landmark €200 million (~$217 million) European supply contract signed in December 2024. To service this and future Western contracts through 2027, Akums is deploying "Pharma 4.0" digital quality tools: <ul><li>Predictive Quality Assurance: Integrating AI with Manufacturing Execution Systems (MES) to detect anomalies in process parameters (temperature, pressure) before batch failures occur.</li><li>Computer Vision for Visual Inspection: Automated AI systems that identify packaging and product defects with higher precision than human operators, meeting stringent EU standards.</li><li>Digital Audit Readiness: Paperless workflows and AI-powered document management to ensure "Data Integrity" remains beyond reproach during unannounced regulatory audits.</li></ul> 2027 Risk Assessment: The Geopolitical CrucibleWhile European expansion (EU-GMP) and African infrastructure provide a buffer, the United States remains a high-stakes geography.<ol><li>The "Tariff Bombshell": Proposed US tariffs under Section 232 pose a risk. However, standard generics - which account for 90% of US prescriptions -remain largely insulated to avoid domestic drug shortages and public health crises.</li><li>The Biosecure Act Opportunity: The US Biosecure Act (passed into the NDAA for 2026) mandates a decoupling from Chinese biotechnology "companies of concern." This is expected to trigger a multi-billion dollar shift in contracts, with Indian CDMOs positioned as the primary "China-plus-one" beneficiaries.</li></ol> From Workhorse to ArchitectThe Indian CDMO sector is projected to reach $29.53 billion by the end of 2026, growing at a CAGR of 14.4%. This growth is no longer driven by "more of the same," but by high-value partnerships in biologics, peptides, and sterile injectables.Akums' journey - from a local manufacturer to a partner supplying life-saving medications to Switzerland, Germany, and Zambia - reflects the transition of Indian pharma from capacity to capability. As Western pharma faces rising R&amp;D costs and trade friction, the Indian CDMO has become their most vital collaborator: the firm that knows how to make medicine both innovative and accessible. <blockquote>"The renewal of EU GMP certification for Plant 1 and the new certification for Plant 2 strengthen our ability to serve regulated markets with confidence and support our long-term partnerships and sustained global growth." — Sandeep Jain, MD, Akums Drugs &amp; Pharmaceuticals (January 23, 2026). The Economic Times.</blockquote>----Join SEINET - the digital platform building the European, UK and Indian corporate and startup leaders ecosystem to accelerate growth and partnerships between the markets. Become part of a trusted ecosystem of business and innovation leaders from Airbus, Microsoft, Eli Lilly and others. Request to join <a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">www.startupeuropeindia.net</a>

Beyond the Pill: The Rise of India’s CDMO Architects

India and the European Union have concluded a long-awaited Free Trade Agreement (FTA), marking one of the most significant trade pacts ever signed by either side.The deal, finalised during a high-level India-EU Summit, is expected to eliminate or reduce up to €4 billion in tariffs on EU exports and substantially boost bilateral trade flows. The agreement will reduce or phase out tariffs on 96.6% of EU exports to India, covering key sectors such as automobiles, alcohol, machinery, chemicals, pharmaceuticals, steel and iron products. At the same time, sensitive agricultural sectors on both sides including dairy, sugar, meat, rice and ethanol have been excluded to protect domestic interests. European Commission President Ursula von der Leyen, speaking alongside Indian Prime Minister Narendra Modi, described the pact as the “mother of all trade deals”, highlighting its scale and strategic importance. She called the agreement a partnership between two major global economic powers&nbsp;the world’s second-largest and fourth-largest economies.Prime Minister Modi hailed the deal as the beginning of a “new era” in India-EU relations, stating that it would improve access to European markets for Indian farmers, MSMEs and exporters, while also attracting greater investment into India. Major Tariff Reductions Across Key SectorsUnder the agreement:<ul><li>EU car tariffs in India will be gradually reduced from 110% to 10%, with an annual quota of 250,000 vehicles.</li><li>Tariffs of up to 44% on machinery, 22% on chemicals, 11% on pharmaceuticals, and 22% on steel and iron will be largely eliminated over time.</li><li>Wine tariffs will fall sharply from 150% to 75%, and eventually to around 20%, while olive oil tariffs will drop from 45% to zero within five years.</li><li>Levies on processed food products such as bread and confectionery currently as high as 50% will be removed.</li></ul>In return, over 99% of Indian exports, valued at approximately $75 billion, will gain preferential access to the EU market. Key Indian sectors expected to benefit include textiles, gems and jewellery, pharmaceuticals, engineering goods and chemicals. Notably, EU duties on Indian textiles previously exceeding 10% will be reduced to zero. Boost to Trade, Investment and Strategic AlignmentThe European Union is currently India’s largest trading partner, with bilateral trade in goods and services exceeding €180 billion annually. Officials expect the new agreement to potentially double EU exports to India over time, while strengthening supply chains and regulatory cooperation.The deal also includes commitments to streamline customs procedures, improve regulatory coordination, and enhance cooperation on standards steps expected to reduce trade friction and costs for businesses on both sides.In a significant climate-related move, the EU has pledged €500 million to support India’s industrial decarbonisation efforts, addressing concerns over the bloc’s upcoming carbon border tax on products such as steel and chemicals.&nbsp;While European industry groups broadly welcomed the agreement, some sectors expressed caution. The EU steel industry has raised concerns over trade imbalances, while politically sensitive sectors - such as India’s dairy industry and several EU agricultural segments were deliberately excluded from the pact.&nbsp;The agreement will now undergo approval by the European Parliament, EU member states, and India’s Cabinet before entering into force. Once implemented, it will become one of the most comprehensive trade agreements India has signed, aligning with New Delhi’s broader push to expand trade ties covering over half of India’s global trade. read more: <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_26_184" rel="noopener noreferrer" target="_blank">https://ec.europa.eu/commission/presscorner/detail/en/ip_26_184</a>-------Join SEINET - the digital platform connecting European, UK and Indian corporate and startup leaders to accelerate growth and partnerships between the markets. Become part of a trusted ecosystem of business and innovation leaders. Request to join <a href="http://www.startupeuropeindia.net" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">www.startupeuropeindia.net</a>

India and EU Seal Landmark Free Trade Agreement, Slashing Billions in Tariffs

UAE President Sheikh Muhammad bin Zayed al-Nahyan recently conducted a three-hour engagement in New Delhi with Prime Minister Narendra Modi, marking his fifth visit to India in ten years and his third as President. The warmth of the relationship was highlighted by PM Modi personally receiving the President at the airport, followed by a customary car ride to the talks. The Concept of Strategic Autonomy<ul><li>Mutual Policy Goal: Both nations highlighted strategic autonomy-the ability to make independent foreign and security policies based on national interests-as a core principle.</li><li>Exclusive Recognition: India includes the phrase "strategic autonomy" in joint statements with only a few countries, such as France.</li><li>UAE's "Northstar": For the UAE, strategic autonomy is viewed as a "northstar" in a fragmented world to avoid zero-sum competition and reduce international polarisation.</li></ul> Economic and Infrastructure Agreements<ul><li>Energy Security: The two countries signed a long-term agreement for India to purchase 0.5 million metric tons of liquefied natural gas (LNG) per annum from the UAE for 10 years, starting in 2028.</li><li>Dholera Investment Region: A joint development project in Gujarat’s Dholera state will focus on key strategic infrastructure, including an international airport, a smart urban township, a greenfield port, and railway connectivity.</li><li>Civil Nuclear Cooperation: The nations will cooperate on developing and deploying large nuclear reactors and small modular reactors under new Indian laws.</li><li>Digital Embassies: A relatively new concept was introduced involving "digital embassies," which allow a country to extend its sovereign digital infrastructure and store vital data in a foreign country while maintaining control and ownership of that data.</li></ul> Strategic Defence Partnership (SDP)<ul><li>New Institutional Framework: The signing of a Letter of Intent for a Strategic Defence Partnership signals a shift toward a more institutionalised framework for security cooperation.</li><li>Industrial Collaboration: The partnership aims to move beyond simple exercises toward defense industrial collaboration, including the co-production of weapons and technologies.</li><li>Expanded Cooperation Areas: Future focus areas include special forces training, advanced technology innovation, counter-terrorism, and addressing threats in cyberspace.</li><li>Evolution of Ties: This partnership builds on a year of "watershed" momentum, including visits from UAE service chiefs and the Dubai Crown Prince, as well as regular participation in the Dubai Air Show.</li></ul> Geopolitical and Regional Context<ul><li>Diversification of Ties: Analysts suggest the UAE is using its relationship with India to diversify its strategic options.</li><li>Regional Rivalries: The deepening of ties occurs against a backdrop of competition between the UAE and Saudi Arabia for influence in Yemen and Sudan, as well as the formation of an "Islamic NATO" involving Saudi Arabia, Pakistan, and Turkey.</li><li>Maritime Security: The UAE now views India as a primary partner for maritime security and innovation in the Indian Ocean region, moving beyond traditional Western allies.</li><li>Indian Footprint in the Gulf: The partnership strengthens India’s influence in the Gulf without requiring formal alliance obligations or direct involvement in regional conflicts.</li><li>Building on Previous Milestones: This cooperation builds on the 2022 Comprehensive Economic Partnership Agreement (CEPA) and the 2023 India-Middle East-Europe Economic Corridor (IMEC).</li></ul> Reading and listening material:<ol><li><a href="https://www.khaleejtimes.com/business/two-rising-powers-one-strategic-vision-uae-and-india?_refresh=true" rel="noopener noreferrer" target="_blank">https://www.khaleejtimes.com/business/two-rising-powers-one-strategic-vision-uae-and-india</a></li><li><a href="https://www.khaleejtimes.com/business/two-rising-powers-one-strategic-vision-uae-and-india?_refresh=true" rel="noopener noreferrer" target="_blank">https://www.khaleejtimes.com/business/two-rising-powers-one-strategic-vision-uae-and-india?_refresh=true</a></li><li><a href="https://www.youtube.com/watch?v=du-GzIBDneM" rel="noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=du-GzIBDneM</a></li></ol> -------SEINET is an go-to-market and strategic partnership ecosystem platform&nbsp;that connects corporate and startup leaders, enabling cross-border collaboration, market expansion, and long-term growth between Europe and India.&nbsp;Request to Join for Free&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

UAE-India signs Comprehensive Economic Partnership Agreement (CEPA)

A major news report from the Lancet Citizens’ Commission on Reimagining India’s Health System has outlined a blueprint for transforming healthcare in India, with a strong emphasis on citizen-centred, equitable, and universally accessible services. The commission’s findings, presented at a public launch in New Delhi on January 21, 2026, reflect years of research and engagement with healthcare providers and citizens across diverse regions, aiming to guide reforms that could help India achieve Universal Health Coverage (UHC) within the next decade. The commission- a cross-sector initiative backed by The Lancet, the Lakshmi Mittal and Family South Asia Institute, and partners including Harvard University - investigated the strengths and limitations of India’s health system. Its final report, grounded in evidence from thousands of household surveys and stakeholder consultations, stresses that healthcare must prioritise the needs, experiences and expectations of people rather than operate as a fragmented system that too often pushes patients toward costly private care. Among its key recommendations is a shift toward integrated, publicly financed and publicly provided services that create seamless care from primary to tertiary levels. The commission emphasises the importance of community engagement, stronger accountability mechanisms, and robust governance reforms to make services more responsive to local needs. It also highlights the need to improve health financing to protect households from catastrophic out-of-pocket expenses and expand human resources to address shortages and uneven distribution of healthcare workers. Technology and data systems such as national health IDs and integrated digital records are cited as tools to enhance coordination, transparency and decision-making across the system. The roadmap also calls for reducing inequalities in access and health outcomes across different income groups, geographies and social segments. Experts argue that this citizen-focused roadmap could not only improve health outcomes within India but also position the country as a model for equitable health system reform among low- and middle-income nations facing similar challenges. The commission’s work signals a broader shift in health policy one that places people at the centre of system design and holds institutions accountable for delivering quality care to all.

Lancet Commission Calls for Citizen-Centred Health System to Drive Universal Coverage in India

Shreekant Patil with Poland-India Chamber and Indian delegates explore investment and innovation partnerships with Wrocław City Council, Rynek 13 — Poland Govt Body. Wrocław, Poland — Leading Indian Entrepreneur and industry leader CEng. Shreekant Patil, together with Indian delegates and in collaboration with the Poland–India Chamber, visited the Wrocław City Council- governing body of&nbsp;<a href="https://en.wikipedia.org/wiki/Wroc%C5%82aw" rel="noopener noreferrer" target="_blank" style="color: inherit;">Wrocław</a>, Rynek 13, to strengthen mutual business relations and explore new avenues for cross-border collaboration. The delegation met with&nbsp;Małgorzata Krzeszowska, Office Director, Secretary of the Council, Department for the Support of Wroclaw Entrepreneurship in the Public Finance Department of the Wroclaw City Council, to discuss investment in Wrocław, financial support frameworks, government schemes, and technology transfer opportunities for Indian startups and MSMEs.During the meeting, Krzeszowska also offered the delegation a tour of the Wrocław City Council Hall, showcasing its historical heritage and the city’s modern administrative infrastructure. The discussions centered on identifying areas for strategic cooperation, especially in emerging technological domains such as artificial intelligence, electric mobility, and sustainable agriculture. <img src="https://miro.medium.com/v2/resize:fit:1050/1*AmAfA_THh5nOARdbprb7cw.jpeg" width="700">Shreekant Patil India at Poland Wroclaw City Council with Indian Delegates and Poland-India Chamber“Grateful to&nbsp;Małgorzata Krzeszowska&nbsp;for her warm hospitality and exceptional support in hosting my Indian delegates and myself during our visit to Wrocław. Her dedication to fostering cross-cultural and economic ties greatly enriched our experience and strengthened the collaboration between two countries. We look forward to continued partnership and shared success in the future,” said Shreekant Patil. <img src="https://miro.medium.com/v2/resize:fit:1050/1*eFDBQTlAGtON_9XRIHgsgw.jpeg" width="700">CEng Shreekant Patil, India at Wroclaw City Council Hall, Wrocalw, Poland, Europe<a href="https://en.wikipedia.org/wiki/Wroc%C5%82aw_City_Council" rel="noopener noreferrer" target="_blank" style="color: inherit;">The Wrocław City Council</a>&nbsp;plays a vital role in economic development by supporting businesses, fostering innovation, and connecting global partners with local enterprises. The Business Relations Office assists domestic and international companies in navigating financial, regulatory, and investment frameworks, ensuring smooth collaboration with the region’s public and private sectors. <img src="https://miro.medium.com/v2/resize:fit:1050/1*bapBj7aVQDSYM074ggIayQ.jpeg" width="700">CEng. Shreekant Patil emphasized India’s growing ecosystem for startups and MSMEs and highlighted the country’s open investment environment. He invited the Wrocław City Council and Polish business community to send a delegate team to India for further discussions on trade, joint ventures, and technology exchange initiatives. <img src="https://miro.medium.com/v2/resize:fit:1050/1*F_CuUYSH4U5hy0VOu7n9Mw.jpeg" width="700"><a href="https://shreekantpatilmentor.wordpress.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">CEng. Shreekant Patil</a>’s&nbsp;international leadership during the Poland visit has been instrumental in strengthening India-Europe trade ties, driving sustainable growth, and fostering technology exchange for startups and MSMEs. His strategic vision and extensive experience have empowered Indian entrepreneurs to explore new opportunities in Poland and across Europe. <img src="https://miro.medium.com/v2/resize:fit:1050/1*sLCziiIviMxVV3Y3lsxL_g.jpeg" width="700">Indian Delegation at Wroclaw City Council-&nbsp;Krystyna, Vincent, Shreekant, Rahul, AsawariThe&nbsp;<a href="https://polandindiachamber.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">Poland-India Chamber of Cooperation</a>&nbsp;— (PICC) plays a pivotal role in facilitating bilateral economic cooperation, with&nbsp;Krystyna Wróblewska&nbsp;serving as President and&nbsp;Vincent Peter&nbsp;as Vice President. The Chamber actively supports business partnerships, innovative collaborations, and market access initiatives between Indian and Polish industries.This interaction represents a promising step toward fostering stronger economic bridges between India and Poland, focusing on shared growth, innovation, and sustainable development.#ShreekantPatil #IndiaPolandBusiness #PolandIndiaChamber #InvestInWroclaw #InvestinIndia #Leadership #International #Global #News #StartupIndia #Europe #TechnologyTransfer #AIInnovation #EVTech #PICC #MSMEHelp #Consultant #AgricultureInnovation #MSMEgrowth #WroclawCityCouncil #PolandIndiaPartnership#GlobalBusiness #CrossBorderInvestment #StartupCollaboration

Shreekant Patil Discusses Indian Startup Growth and Technology Transfer at Wrocław City Council Poland

CEng. Shreekant Patil has been awarded the prestigious Bronze Medal in 2025 by the Sustainability and Productivity Standards Council (SPSC), UK. This accolade recognizes his passionate dedication, tireless efforts, enthusiasm, and empathy toward promoting sustainability and advancing the United Nations Sustainable Development Goals (SDGs). Since 2024,&nbsp;<a href="https://shreekantpatilmentor.wordpress.com/" rel="noopener noreferrer" target="_blank" style="color: inherit;">CEng. Shreekant Patil</a>&nbsp;has served as the Sustainability Ambassador for SPSC in India, working closely with the United Nations to promote sustainability in Indian education and industry. His impactful work aligns primarily with SDG 4 (Quality Education) and SDG 9 (Industry, Innovation, and Infrastructure), where he mentors, builds capacity, and fosters sustainable development practices. <a href="https://medium.com/@shreekant-patil-mentor" rel="noopener noreferrer" target="_blank" style="color: inherit;"><img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/148/editor/thumbnail_Shreekant Patil India RABRO028842 spsc ambassador United Nations SDG AWARD_&lt;-&gt;1763045368937_aFV3yaaMxZMdYjV1.jpeg"></a> <a href="https://medium.com/@shreekant-patil-mentor" rel="noopener noreferrer" target="_blank" style="color: inherit;">CEng. Shreekant Patil</a>&nbsp;plays a significant role in supporting students, colleges, universities, industries, MSMEs, SMEs, exporters, industry associations, startups, and government schemes aimed at fostering industrial growth in India. As a trusted mentor and consultant, he collaborates extensively with the Ministry of Education and various government initiatives to enhance education-industry linkages, skill development, and entrepreneurship ecosystems. SPSC deeply admires and aligns its purposeful actions with globally respected organizations including the United Nations Sustainable Development Goals (UN SDGs), UN Environment Programme, United Nations Human Rights Council, International Labour Organisation (ILO), International Standards Organisation (ISO), United Nations University, World Intellectual Property Organisation (WIPO), Inclusive Capitalism, SME Climate Hub, and Learning for Sustainability Scotland. CEng. Shreekant Patil has been recognized with the distinguished&nbsp;<a href="https://1spsc.org.verify/" rel="noopener noreferrer" target="_blank" style="color: inherit;">Annual Appreciation Bronze Medal (No. RABRO028842)</a>&nbsp;awarded by the United Nations Sustainable Development Goals through the Sustainability and Productivity Standards Council (SPSC), UK, in recognition of his outstanding contributions to sustainability initiatives.This award further validates Shreekant Patil’s role as a leading influencer committed to mobilizing industry and educational stakeholders toward an inclusive, innovative, and sustainable future for India and the world.

SPSC UK Awards Shreekant Patil Bronze Medal for Driving SDG Impact in India

Wrocław, Poland — November 2025: CEng. Shreekant Patil, a global leader representing multiple Indian industry chambers including NIMA, SCGT, MACCIA, BLL, GFID, and others, has assumed a significant operational role as a core team member of the newly inaugurated Poland-India Chamber of Cooperation (PICC). Shreekant Patil will play a key part in managing operations and spearheading initiatives to deepen economic, educational, and cultural collaboration between India and Poland.<img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil India signs MoU with Poland India Chamber at Poland_&lt;-&gt;1762862632735_sPu0Km9mfJnIvH46.jpeg">The official inauguration of the PICC took place on October 29, 2025, at the historic <a href="https://en.wikipedia.org/wiki/Wroc%C5%82aw_Town_Hall" rel="noopener noreferrer" target="_blank">Wrocław Town Hall</a>. The event drew a distinguished gathering of Polish government officials, business leaders, diplomats, academics, and cultural representatives from both countries. Among the notable Polish officials present were Ms. Renata Granowska,&nbsp;Vice-President of Wrocław, Mr. Bartłomiej Kubicz, Director of the Department of Economy and Promotion of the Marshal's Office of the Lower Silesian Province, who highlighted this occasion as the start of a new era of cooperation between Lower Silesia and India. Mr. Marcin Urban, Treasurer of Wrocław, described the inauguration as a valuable opportunity for the city and the region to attract investments, drive innovation, and forge enduring economic partnerships. &nbsp;From Poland, the event welcomed esteemed dignitaries including Ms. Renata Granowska, Deputy Mayor of Wrocław; Mr. Michał Młyńczak, Deputy Mayor of Wrocław; Mr. Marcin Urban, Treasurer of the City of Wrocław; Ms. Andrea Layer, Consul of the Federal Republic of Germany; Ms. Małgorzata Węgrzyn-Wysocka, Honorary Consul of Finland; Mr. Wojciech Kamiński, Honorary Consul of the Republic of Türkiye; Mr. Jędrzej Jachira, Honorary Consul of the Republic of Chile; Ms. Małgorzata Tańska, Representative of the Polish Investment and Trade Agency (PAIH S.A.); and Ms. Magdalena Okulowska, President of the Management Board,&nbsp;<a href="https://invest-in-wroclaw.pl/wroclaw-polish-indian-chamber-of-cooperation-has-been-established" rel="noopener noreferrer" target="_blank">Wrocław Agglomeration Development Agency</a>&nbsp;(ARAW S.A.). <img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil India at Poland_&lt;-&gt;1762862660808_0UKJJQwhZta1fEXZ.jpeg"><img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil MoU with Poland India Chamber_&lt;-&gt;1762862673576_tKN9qqE2m31zx2Nc.jpeg"> founders of PICC, President Krystyna Wróblewska and Vice President Mr. Vincent Peter, bring extensive experience to the chamber's leadership. Ms. Krystyna Wróblewska is an accomplished business leader who has significantly contributed to the development of entrepreneurship and human capital in Wrocław over many years. Vincent Peter, an influential representative of the Indian business community in Poland, has vast international experience spanning Europe, Asia, and North America. Together, they guide the chamber’s mission to foster close ties in trade, education, sustainability, smart infrastructure, and cultural exchange. <img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil at Poland India Chamber - Poland_&lt;-&gt;1762862727974_ZcuJg4Wf57Odyi94.jpeg">In alignment with the recent Memorandum of Understanding signed between the Government of India and the European Union to advance collaboration in green technologies, digital transformation, and sustainable trade, the Poland-India Chamber of Cooperation’s new partnerships reflect the shared vision of deeper India–Europe engagement. These MoUs further reinforce India’s growing role in building resilient transcontinental supply chains and promoting innovation-driven growth in line with EU-India strategic cooperation goals. <img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil India at Poland India Chamber Inauguration Event, Poland_&lt;-&gt;1762862762302_uCiFLZiDcwjFF56K.jpeg"><img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil India at Poland India Chamber of Cooperation, Poland_&lt;-&gt;1762862804262_NmWQQytHNGo4iK5y.jpeg">ing the inauguration, PICC signed strategic MoUs with several Indian industry associations led by CEng. Shreekant Patil, including NIMA, SCGT, MACCIA (Maharashtra Chamber of Commerce, Industry &amp; Agriculture), GFID – Global Forum for Industrial Development, and other prominent organizations. These agreements establish formal frameworks for cooperation, joint ventures, skill development programs, trade facilitation, and innovation exchange, representing a concrete step forward in the “local to vocal” and global scaling ambitions of Indian businesses. Additionally, the <a href="https://polandindiachamber.com/" rel="noopener noreferrer" target="_blank">Poland-India Chamber of Cooperation (PICC)</a> has signed strategic Memorandums of Understanding with the Smart Cities Council, HR Rexer Group, and other key organizations, further expanding its collaborative network to promote innovation, sustainable urban development, and human resource excellence. <a href="https://shreekantpatilmentor.wordpress.com/" rel="noopener noreferrer" target="_blank"><img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_Shreekant Patil India at Poland India Chamber, Poland_&lt;-&gt;1762862838876_d3EUjnhjyDJirPd3.jpeg">Shreekant Patil</a> is an influential business leader and international trade facilitator who has been instrumental in developing cross-border collaborations between India and Europe. Representing key Indian chambers, Shreekant Patil has been vital in connecting Indian MSMEs with global markets through strategic alliances and operational excellence. His role as a core team member of PICC further empowers him to strengthen bilateral relations, promote knowledge sharing, and unlock new business opportunities for Indian enterprises in Poland and beyond. <img src="https://indiats-prod.fra1.digitaloceanspaces.com/190/thumbnail/news/145/editor/thumbnail_251029_151910_artnuve_&lt;-&gt;1762862892103_pCgH6YNJeTwrUZ43.jpeg">This new phase of partnership between India and Poland promises to build stronger economic, academic, and cultural bonds, fostering innovation and mutual growth. Under visionary leaders like Krystyna Wróblewska, Vincent Peter, and Shreekant Patil, the Poland-India Chamber of Cooperation stands poised to become a beacon for sustainable and inclusive international collaboration.&nbsp;Poland-India Chamber of Cooperation (PICC) headquartered in Wrocław, PICC organization dedicated to strengthening comprehensive cooperation between India and Poland. The Chamber serves as a multi-sector platform focusing on five strategic areas:<ul><li>Trade and Investment</li><li>Education and Skills Development</li><li>Renewable Energy and Sustainable Development</li><li>Smart Cities and Infrastructure</li><li>Culture and Tourism</li></ul>Through these domains, the Chamber acts as a bridge between governments, academia, industry leaders, and social organizations to create sustainable and innovative partnerships.

Shreekant Patil Strengthens India Europe Trade Ties via Poland-India Chamber MoUs

Apple is expanding its iPhone manufacturing in India, with all four models of the upcoming iPhone 17 series being assembled there ahead of the device’s anticipated September launch. This marks the first time the full lineup, including the Pro models, will be produced in India from day one. The production now spans five factories, including new facilities by Tata Group in Hosur, Tamil Nadu, and Foxconn’s plant near Bengaluru. India currently accounts for about 20 percent of global iPhone production. Tata is expected to handle up to half of India’s iPhone output within the next two years, with the country projected to reach 25 to 30 percent of global iPhone production by year-end. India’s iPhone exports surged 63 percent to $7.5 billion in the April-July 2025 period, compared with $4.6 billion during the same months in 2024. This four-month period accounts for nearly half of India’s total iPhone exports in the previous fiscal year, which were valued at $17 billion. The expansion is a response to trade tensions and tariff threats. While Apple’s iPhones remain exempt from tariffs related to President Trump’s earlier 50 percent duties on Indian imports tied to Russian oil purchases, the exemption is subject to change amid ongoing trade discussions. Apple faces repeated pressure from the U.S. government over overseas manufacturing, including direct calls from Trump urging CEO Tim Cook to halt operations in India and threats of 25 percent tariffs on products manufactured outside the U.S. In August 2025, Apple announced a $100 billion investment plan to boost manufacturing in the United States, bringing its total domestic investment pledge to $600 billion over four years through a newly created American Manufacturing Program. However, analysts note that shifting significant iPhone production to the U.S. would require years, with potential price increases for devices estimated as high as $3,500. The Indian manufacturing expansion strengthens Apple’s supply chain diversification and positions the company to serve its large and growing market locally while mitigating risks from geopolitical and trade uncertainties. These developments mark India as Apple’s second-largest manufacturing hub after China, reflecting the company’s strategic shift in global production priorities.----Startup Europe India Network (SEINET) is an exclusive, invite-only platform connecting science and technology scale-ups, industry leaders, and investors from Europe and India to accelerate cross-border growth through sales, partnerships, and M&amp;A.&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

Apple to Manufacture All Four iPhone 17 Models in India, making India second largest hub after China

Gautam Adani, Chairman of the Adani Group, has issued a powerful call for India to embark on what he calls its “second freedom struggle,” this time focused on achieving technological self-reliance. Speaking at the platinum jubilee of the Indian Institute of Technology (IIT) Kharagpur, Adani framed future global competition as a battle fought not with traditional weapons but through control over algorithms, data, and intellectual property. Adani emphasized that the true power in today's world lies in data centers and intellectual property rather than conventional resources or territories. He warned that nations dominating technology and intellectual property will, in turn, control the future. Highlighting India’s heavy reliance on imports—with 90% of chips and 85% of oil sourced from abroad—he urged urgent action from the government, academia, and industry to build domestic strength in these critical sectors. To guide this transformation, Adani proposed four core principles that could steer India toward technological and economic ascendancy: treating ideas as weapons in competition, prioritizing “India first” in development, fortifying the country's technological and infrastructure base, and fostering closer cooperation between academia, government, and industry. In an era marked by rapid AI innovation, Adani cautioned that today's technological advantages could quickly evaporate, making technological sovereignty synonymous with national sovereignty. He stressed the need for India to prepare aggressively, ensuring engineers and innovators lead this race rather than follow.Backing his vision with tangible projects, Adani announced the construction of the world’s largest renewable energy park in Gujarat’s Khavda region, spanning 500 square kilometers and boasting a massive planned capacity of 30 gigawatts. His ambition is clear: India will lead global renewable energy production within five years and set the pace worldwide by 2030. Further fueling innovation, Adani launched the Adani-IIT Platinum Jubilee Change Makers Fellowship, aiming to back promising projects in renewable energy, logistics, and smart mobility—areas crucial for sustainable growth. Reflecting on his company’s national scale, Adani attributed part of the Adani Group's success to its alignment with government policies, positioning it as India’s largest infrastructure player. He sees the Khavda project and others as integral to building a strong, technologically sovereign India. By positioning technological independence as a vital national mission, Adani is raising the stakes for India’s future. His message underlines the crucial nexus of innovation, infrastructure, and policy, signaling that collaboration across sectors is key for India’s emergence as a global technology leader.--------Startup Europe India Network (SEINET) is an exclusive, invite-only platform connecting science and technology scale-ups, industry leaders, and investors from Europe and India to accelerate cross-border growth through sales, partnerships, and M&amp;A.&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

Gautam Adani Calls for India’s “Second Freedom Struggle” Through Technological Self-Reliance

India is rapidly embracing artificial intelligence (AI), aiming to become a global AI powerhouse by 2030. Despite currently playing catch-up to frontrunners like the US and China in AI investments and compute infrastructure, India is not merely joining the race; it seeks to leverage AI to address its unique national challenges at scale, with a core focus on inclusivity and reducing disparity. CNA Insider's take-on India's AI standing and ambition <iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/_3SDCX7SfAU?showinfo=0"></iframe> India is rapidly embracing artificial intelligence (AI), aiming to become a global AI powerhouse by 2030. Despite currently playing catch-up to frontrunners like the US and China in AI investments and compute infrastructure, India is not merely joining the race; it seeks to leverage AI to address its unique national challenges at scale, with a core focus on inclusivity and reducing disparity. Understanding Artificial Intelligence At its heart, AI is designed to mimic human intelligence, learning and performing cognitive tasks. Unlike traditional programming where humans define rules, AI systems learn rules from vast datasets, identifying patterns in images, text, or speech to make predictions or decisions. The promise of AI is its ability to work with humans almost as a peer, transforming societies, revolutionising industries, and reshaping economies. A National Vision: AI for India 2030 India launched the "AI for India 2030" initiative in January 2023, followed by the government's approval of US$1.25 billion in investments for AI projects in March 2024 as part of the "India AI Mission". This mission, spearheaded by veteran civil servant Abishek Singh, aims to drive nationwide development and adoption of AI. A central tenet is to enable AI "for Indians by Indians and of Indians," ensuring it benefits all sectors of society and establishes India as a global AI leader. Estimates suggest AI could add half a trillion dollars to India's economy by 2035. India's Key Advantages in the AI Race India possesses several strengths that position it favourably in the AI landscape:<ul><li>Remarkable Digital Adoption: With a population of 1.4 billion, India has achieved impressive digital penetration. The India Stack, a full-scale public digital infrastructure, provides a suite of open and accessible digital tools. Examples include Aadhaar, a digital identity application with 99% population enrolment, and UPI, a unified instant payment system used by 500 million people. India plans to integrate AI applications into this stack, exemplified by Project Bhashini, which supports over 300 AI models for all 22 Indian languages, enabling voice-enabled services.</li><li>Vast Talent Pool: India boasts the second-largest number of AI specialists globally, after the US, according to Boston Consulting Group. A significant 20% of AI and machine learning engineers worldwide are from India, showcasing a very large talent pool.</li></ul> Current Standing and Challenges India ranks fourth in Stanford's AI vibrancy index, a measure of a country's AI activity, development, and impact. However, it faces notable challenges:<ul><li>Investment Gap: Private sector investment in AI in India between 2013 and 2024 totalled approximately US$11 billion, significantly less than America's US$471 billion and China's US$119 billion. India's R&amp;D intensity is also low, at just 0.65% of GDP, compared to 3.5% in the US and over 2.6% in China.</li><li>Lack of Foundational AI Models: India currently relies on foundational models (large general-purpose machine learning models like GPT-4) built by other nations. Developing its own foundational models is crucial for strategic applications, including defence, to ensure data source transparency and avoid geopolitical risks. However, building these models is expensive, with GPT-4 estimated to have cost at least US$100 million.</li><li>Cost and Scale: While some Indian companies like Strider Robotics are developing cutting-edge techniques for training robots, they acknowledge the need to catch up with global leaders. Agritech firms, despite raising funds, require more capital to expand their technologies nationwide.</li><li>Linguistic Diversity: India's 22 official languages pose a challenge for training machine learning models at scale.</li></ul> Addressing the Roadblocks: The Path Forward India is actively working to overcome these challenges. The government allocated US$520 million in its recent budget for AI-related projects and has called for proposals to build India's own foundational models, receiving 67 proposals within two weeks with a plan to build six large-scale models by year-end. India draws encouragement from China's DeepSeek, which demonstrated that high-performance large language models can be built with significantly fewer resources, offering a model for India's cost-conscious approach. Experts are confident that India will be among the top-tier in AI technology within two to three years. Transformative Applications of AI Across Sectors AI is already making a tangible impact in India:<ul><li>Agriculture: With half of India's population dependent on agriculture, AI platforms like Fazl help farmers monitor soil, plant, and microclimate conditions, providing predictions and analysis to boost yields by 20-30%. AI agents can provide farmers with information on crop diseases, patterns, prices, and advisories, improving efficiency and income.</li><li>Public Safety and Governance: AI is used to detect tuberculosis from X-ray images in rural areas lacking radiologists. At mass gatherings like the Mahakumbh Mela, machine learning monitors human traffic to prevent stampedes, and AI-assisted language translation apps help pilgrims find lost loved ones. Drones with AI-enabled autonomous navigation are being developed for emergency response, transporting blood samples or other cargo to remote locations.</li><li>Industry and Hazardous Work: Robots are being developed for dangerous and difficult tasks in agriculture, mining, and construction, where working conditions are often poor. Vision AI is preferred over laser-based technologies like LiDAR for outdoor environments with dust, snow, or rain, making robots more adaptable.</li><li>Everyday Life: An AI-powered app allowed Pankuri Gupta to transform into her AI avatar within seconds, showcasing the technology's application in influencer marketing and learning platforms.</li></ul> Concerns and Mitigation: Jobs and Misinformation While the potential of AI is immense, it also raises significant concerns:<ul><li>Job Displacement: Repetitive digital jobs, including routine coding, customer support, retail, and finance, are highly vulnerable to automation. Bangalore, India's Silicon Valley, saw over 50,000 IT job losses in 2024 due to companies shifting to AI operations. A survey indicated that six in ten Indian workers are worried about potential job loss. The World Economic Forum estimates AI could replace 92 million workers globally by 2030.</li><li>Upskilling and Reskilling: To counter job displacement, there is a strong emphasis on upskilling and reskilling the workforce. AI curriculum has been introduced at school (Class 10th and 12th) and engineering levels. Being "AI native" is increasingly valuable, and India faces a potential shortfall of 1 million AI professionals by 2027.</li><li>Misinformation and Deepfakes: AI poses a severe risk of misinformation, especially through deepfake videos and audio, which can be used to radicalise people, influence voter behaviour, or commit cybercrimes. The India AI strategy aims to address this through regulation focusing on "user harm" and building guardrails to control the technology.</li></ul> The Road Ahead India envisions AI as a powerful tool, not a threat, capable of doing what humans want to achieve more efficiently. With its strong talent pool, ambitious government initiatives, and a unique approach to inclusive AI development, India is well-poised to take its rightful place among the top AI-developing countries in the coming years. The journey involves overcoming challenges like cost, linguistic diversity, and large-scale skilling, but the long-term outlook remains optimistic.---Startup Europe India Network (SEINET) is an exclusive, invite-only platform connecting science and technology scale-ups, industry leaders, and investors from Europe and India to accelerate cross-border growth through sales, partnerships, and M&amp;A. <a href="http://www.startupeuropeindia.net" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

India's Ambitious Leap: Striving to Become an AI Superpower by 2030 - CNA Insider

<blockquote>Indian Prime Minister Narendra Modi&nbsp;has signed a free trade deal with Prime Minister Sir Keir Starmer in a multi-billion pound export boost.</blockquote>The UK-India Free Trade Agreement (FTA), signed in mid-2025, is a major trade deal expected to significantly deepen economic ties between the two nations. After over three years of negotiations, the deal aims to boost bilateral trade by around £25.5 billion annually by 2040 and add roughly £4.8 billion each year to the UK’s GDP. Key elements include substantial tariff cuts:<ul><li>For UK exports to India, tariffs on most goods fall from about 15% to just 3%. This benefits sectors like alcoholic beverages (whisky tariffs drop immediately from 150% to 75%, then to 40% over 10 years), automotive (tariffs on cars drop from up to 110% to 10% under quotas starting with internal combustion engine vehicles and transitioning to electric and hybrids), cosmetics, medical devices, and advanced manufacturing.</li><li>For Indian exports to the UK, 99% of goods will have duty-free access. This opens up markets for textiles, footwear, clothing, seafood, jewelry, electronics, and certain vehicles. The UK is eliminating or reducing tariffs significantly to enhance Indian competitiveness in the British market.</li></ul> Beyond goods, the deal breaks new ground in services and professional mobility:<ul><li>Mutual recognition of professional qualifications in fields like accountancy, law, and architecture makes it easier for individuals from both countries to work cross-border.</li><li>Indian professionals working temporarily in the UK gain up to a three-year exemption from double National Insurance contributions if covered by India’s social security scheme (and similarly for UK employees temporarily in India), cutting costs for businesses and workers.</li><li>UK firms get access to bid on Indian federal government contracts worth about £38 billion annually, especially in clean energy and infrastructure.</li><li> </li></ul>Economically, the deal is predicted to create over 2,000 jobs in the UK and stimulate an additional £6 billion in investment, especially in technology and automotive sectors. It also locks in UK ownership caps for Indian insurance and banking firms up to 74%, ensuring fair treatment for British financial services companies in India.Some criticisms remain. The UK imports a higher share of Indian goods duty-free (99%) compared to UK goods entering India (about The UK-India Free Trade Agreement, signed in 2025, is a landmark deal expected to boost bilateral trade by £25.5 billion annually by 2040 and add about £4.8 billion per year to the UK economy. The agreement slashes tariffs dramatically:<ul><li>UK exports to India will see average tariffs drop from 15% to 3%. Whisky tariffs fall from 150% to 75% immediately, then to 40% over 10 years. Car tariffs reduce from up to 110% to 10% under quotas, covering internal combustion engines and transitioning to electric and hybrid vehicles. Other beneficiaries include cosmetics, medical technology, and advanced manufacturing.</li><li>Indian exports to the UK enjoy duty-free access on 99% of goods, especially textiles, footwear, jewelry, electronics, clothing, seafood, and certain vehicles.</li><li> </li></ul>Beyond goods, the deal opens new doors in services and mobility:<ul><li>Professional qualifications in sectors like law, architecture, and accountancy will be mutually recognized, making temporary work across borders easier.</li><li>Indian workers in the UK get a three-year exemption from double National Insurance payments if covered by India’s social security, with a reciprocal arrangement for UK workers in India.</li><li>UK firms can bid for Indian government contracts worth around £38 billion annually, notably in clean energy and infrastructure.</li></ul> Economically, the FTA is predicted to create more than 2,000 jobs in the UK and attract £6 billion in investments, especially in technology and automotive. It also locks in UK investments in Indian insurance and banking sectors up to 74%.Critics point out that while 99% of Indian goods enter the UK duty-free, only about 85% of UK goods will gain duty-free access in India. Also, the deal does not alter UK immigration policies, including visa rules beyond professional mobility and social security arrangements. The agreement still needs ratification by both countries and is expected to come fully into effect by 2026, allowing businesses and professionals time to prepare for new opportunities. Read more: <a href="https://www.bbc.co.uk/news/articles/c307ggj492vo" rel="noopener noreferrer" target="_blank">https://www.bbc.co.uk/news/articles/c307ggj492vo</a> Join the UK-EU-India Tech and Science Expansion Network <a href="http://www.startupeuropeindia.net" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

UK and India seal Free Trade Agreement Signed in London

India and Slovenia have reaffirmed their commitment to deepening bilateral ties through the 10th round of Foreign Office Consultations (FOC) held in New Delhi. Co-chaired by Tanmaya Lal, Secretary (West) of India’s Ministry of External Affairs, and Marko Štucin, State Secretary of Slovenia’s Ministry of Foreign and European Affairs, the consultations underscored the robust partnership between the two nations, built on shared democratic values and mutual interests. The discussions covered a wide spectrum of bilateral cooperation, including trade, technology, defense, culture, and people-to-people exchanges. Both sides reviewed progress since the 9th FOC in Ljubljana in 2023, noting significant advancements in economic ties, with bilateral trade reaching €339.6 million in 2020 despite global challenges. Slovenia remains India’s second most important trading partner in Asia, with key imports including pharmaceuticals and chemicals, while Slovenia exports machinery and electrical equipment to India. A key highlight was the emphasis on science and innovation, with ongoing joint projects in health, biomedicine, renewable energy, and artificial intelligence. The consultations also explored new avenues for collaboration in digitalization, green energy, and smart cities, aligning with India’s ‘Viksit Bharat 2047’ vision and Slovenia’s focus on sustainable development. State Secretary Štucin’s meeting with External Affairs Minister Dr. S. Jaishankar further reinforced the strategic importance of India-Slovenia ties. Jaishankar highlighted the potential for enhanced cooperation in multilateral forums, including the United Nations, where Slovenia is a candidate for a non-permanent UN Security Council seat for 2024-2025. Both nations expressed a shared commitment to effective multilateralism and addressing global challenges such as climate change and regional stability. The consultations also touched on regional and global issues, including the Ukraine conflict, India’s G20 legacy, and UN Security Council reforms. The two sides agreed to strengthen coordination in international organizations, leveraging India’s growing global influence and Slovenia’s strategic position within the European Union.Cultural and educational exchanges were another focal point, with Slovenia offering 24 scholarships annually for Indian students pursuing bachelor’s and master’s degrees, and five for doctoral studies. The 2019 signing of multiple Memoranda of Understanding (MoUs), including cooperation in sports, culture, and standardization, continues to foster people-to-people connections. Economically, the Joint Committee on Trade and Economic Cooperation (JCTEC) has been instrumental in driving growth, with its 9th session held virtually in 2021. Both nations expressed optimism about further diversifying trade and investment, particularly in high-tech and green energy sectors. The FOC concluded with an agreement to hold the next round in Ljubljana at a mutually convenient date, signaling a sustained commitment to elevating bilateral ties. As India and Slovenia mark over three decades of diplomatic relations, established in 1992, this milestone consultation paves the way for a stronger, more resilient partnership in a rapidly evolving global landscape. Disclaimer: The views expressed in this article are based on publicly available information and do not constitute investment or policy advice. ---Join&nbsp;SEINET&nbsp;– the Europe-India Tech &amp; Science Corridor. Connect seamlessly with industry leaders, startups, and organizations driving innovation across borders. Sales, Partners and M&amp;A on&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

India and Slovenia Strengthen Ties Through Comprehensive Bilateral Review

New Delhi, May 6, 2025 In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture, comprising Shell (through BG Exploration &amp; Production India Ltd, or BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC), has successfully completed the country’s first offshore facilities decommissioning project. The safe removal of mid and south Tapti field facilities in the Arabian Sea marks a pivotal moment in India’s energy transition, setting a global standard for safety, sustainability, and regulatory collaboration. The Tapti gas fields, located 160 km northwest of Mumbai in the offshore Mumbai basin, ceased production in March 2016. The decommissioning project involved the meticulous removal of five wellhead platforms, associated infield pipelines, and the safe plugging and abandonment of 38 wells, all executed in strict compliance with the approved decommissioning plan. The operation also included load-in at an onshore dismantling yard, currently underway at Chowgule Shipyard’s facilities in Ratnagiri, reinforcing India’s domestic capabilities in energy infrastructure. The PMT joint venture, operating under a production-sharing contract with the Government of India, consists of ONGC with a 40% participating interest, and RIL and BGEPIL-Shell each holding 30%. This milestone project, initiated in 2017, underscores the power of multi-stakeholder collaboration, involving key regulatory bodies such as the Union Ministry of Petroleum and Natural Gas (MoPNG), the Directorate General of Hydrocarbons (DGH), and the Oil Industry Safety Directorate (OISD). The initiative has played a pioneering role in shaping India’s regulatory and operational framework for offshore decommissioning, blending global best practices with local conditions. “This project sets a new benchmark for responsible decommissioning,” said Nipun Pradhan, Managing Director of BGEPIL and General Manager of Shell Upstream India. “It reflects global expertise, strong collaboration, and an unwavering commitment to safety and sustainability. Shell is proud to be part of this historic journey alongside our partners Reliance, ONGC, and the Government of India.”Sanjay Barman Roy, President of Exploration &amp; Production at RIL, emphasized the project’s alignment with national priorities. “The safe and responsible decommissioning by the PMT JV marks a significant step forward for India’s energy sector. From the outset, we worked tirelessly to strengthen local supply chains and enhance the technical and safety capabilities of Indian contractors, delivering on the government’s ambition of ‘Make and Break in India’,” he said. Pankaj Kumar, Director (Production) at ONGC, highlighted the project’s complexity, particularly its proximity to ONGC’s live assets. “This first-of-its-kind large-scale offshore decommissioning underscores ONGC’s commitment to responsible energy practices. It demanded strategic planning, precise execution, and an utmost focus on safety, marking a defining moment in India’s energy landscape,” he noted.The project awarded major contracts to Indian firms, with Larsen &amp; Toubro (L&amp;T) handling offshore execution and Chowgule Shipyard managing onshore dismantling. This alignment with the ‘Make in India’ vision has bolstered local technical expertise and supply chains, positioning India as a growing player in the global decommissioning market. Globally, offshore decommissioning is a complex endeavor, navigating evolving regulations, developing contractor ecosystems, and fluctuating market dynamics. The Tapti project’s success demonstrates what can be achieved through coordinated efforts, serving as a model for environmental responsibility and efficiency in India’s energy transition journey. Analysts see this as a catalyst for future decommissioning projects, potentially attracting investment and expertise to India’s offshore energy sector. The completion of the Tapti decommissioning has also drawn attention from market watchers, with shares of RIL and ONGC gaining focus following the announcement. The project’s emphasis on sustainability and regulatory compliance could enhance the companies’ reputations among environmentally conscious investors, potentially impacting their market performance positively. As India continues to balance energy security with environmental stewardship, the Tapti decommissioning project stands as a testament to the country’s ability to innovate and lead in the global energy landscape. With a robust framework now in place, the stage is set for more such initiatives, paving the way for a sustainable and responsible energy future. Disclaimer: The views expressed in this article are based on publicly available information and do not constitute investment advice. ---Join&nbsp;SEINET&nbsp;– the Europe-India Tech &amp; Science Corridor. Connect seamlessly with industry leaders, startups, and organizations driving innovation across borders. Sales, Partners and M&amp;A on&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

India’s First Offshore Decommissioning Project Sets New Energy Benchmark

After three years of intense negotiations, India and the United Kingdom have signed a landmark free trade agreement (FTA), marking the most significant post-Brexit trade deal for the UK and a pivotal moment in India’s global economic strategy. As the world’s fifth and sixth largest economies, this partnership is poised to reshape bilateral trade, boost economic growth, and deliver tangible benefits for businesses and consumers alike. With global trade tensions rising—exacerbated by recent U.S. tariff hikes—this deal is a timely step toward stability and opportunity. A Deal Packed with PromiseThe India-UK FTA is projected to increase bilateral trade by £25.5 billion ($34 billion) by 2040, building on the £42.6 billion in trade recorded in 2024. The UK government estimates the agreement will add £4.8 billion to its GDP annually and boost wages by £2.2 billion in the long term. For India, the deal opens doors to new markets and supports its ambition to double goods trade with the UK over the next decade. Key Highlights of the Agreement<ul><li>Major Tariff Reductions: India will slash tariffs on 90% of UK imports, with 85% becoming duty-free within a decade. Notably, tariffs on iconic British exports like whisky and gin will drop from 150% to 75% immediately, then to 40% by year ten, delighting Indian consumers and boosting the Scotch whisky industry.</li><li>Automotive Market Access: Tariffs on UK cars, previously exceeding 100%, will fall to 10% under a quota system, giving British carmakers a foothold in India’s massive market.</li><li>Wider Product Coverage: From medical devices and advanced machinery to lamb, salmon, chocolates, and biscuits, UK exports will face lower barriers. Indian goods, including textiles, apparel, and marine products, will enjoy easier access to UK markets.</li><li>Streamlined Trade: Both nations have agreed to quotas on auto imports and simplified customs procedures, ensuring faster and more predictable trade for businesses.</li></ul> Beyond Goods: Services and MobilityThe FTA goes beyond physical goods, fostering collaboration in services and professional mobility. Both countries will make it easier for IT and healthcare professionals to work across borders, strengthening ties in high-skill sectors. A groundbreaking Double Contribution Convention will exempt Indian professionals temporarily working in the UK from paying into both nations’ social security systems, reducing costs and bureaucratic hurdles. Why This Deal Matters NowThe timing of the FTA is critical. With global trade facing uncertainty due to U.S. tariff hikes, both India and the UK are seizing the opportunity to diversify their economic partnerships. For the UK, this deal underscores the post-Brexit vision of forging bold new trade ties outside the EU. For India, it signals a willingness to liberalize its markets and deepen connections with Western economies, reinforcing its role as a global economic powerhouse. For Businesses<ul><li>UK Exporters: Sectors like whisky, automotive, and medical devices will find India’s 1.4 billion-strong market more accessible. Small and medium-sized enterprises (SMEs) will benefit from simplified customs and digital trade provisions, leveling the playing field.</li><li>Indian Exporters: Textiles, footwear, and agricultural products will gain a competitive edge in the UK, driving job creation and economic growth in India.</li></ul> For Consumers<ul><li>In India: Expect more affordable Scotch, chocolates, biscuits, and other British goods, alongside greater product variety.</li><li>In the UK: Indian textiles, apparel, and marine products will become more accessible, offering consumers more choices at competitive prices.</li></ul> Actionable Steps for BusinessesTo capitalize on the FTA, businesses should act swiftly:<ol><li>UK Exporters: Review the new tariff schedules and prioritize marketing campaigns in India, particularly for food, beverages, and automotive products. Explore partnerships with local distributors to navigate India’s complex market.</li><li>Indian Companies: Identify opportunities in the UK where tariffs are dropping, such as textiles and agriculture. Invest in branding to appeal to UK consumers.</li><li>Stay Informed: Monitor updates on customs procedures and digital trade rules, as streamlined processes could significantly reduce costs and delivery times.</li></ol> The India-UK FTA is more than a trade agreement—it’s a foundation for deeper economic, strategic, and cultural ties. By aligning two dynamic economies, the deal sets a precedent for future global trade pacts in an era of uncertainty. For businesses, it unlocks new markets and opportunities for growth. For consumers, it promises greater choice and affordability. As India and the UK embark on this transformative partnership, the world will be watching to see how this deal shapes the future of global trade. ---Join&nbsp;SEINET&nbsp;– the Europe-India Tech &amp; Science Corridor. Connect seamlessly with industry leaders, startups, and organizations driving innovation across borders. Sales, Partners and M&amp;A on&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 24, 39);">www.startupeuropeindia.net</a>

India-UK Free Trade Agreement: A Game-Changer for Business and Consumers

If you’ve been following tech news, you’ve probably heard that Elon Musk is finally planning a trip to India later this year. After a phone chat with Prime Minister Narendra Modi, Musk confirmed his visit and hinted at some big moves for both Tesla and Starlink in the country. Here’s a look at what’s brewing and why it matters. Tesla’s Next Stop: IndiaTesla has been flirting with the idea of entering India for a while now, and it looks like things are about to get real. The company is gearing up to launch its cars soon, starting with imports and then moving toward local manufacturing. There’s even talk of an all-new budget-friendly Tesla model designed specifically for Indian roads. Why is this a big deal? For starters, India is a huge market with a growing appetite for electric vehicles. Tesla’s entry could shake up the local auto industry, push other carmakers to up their game, and give Indian consumers more choices. Plus, with the government’s focus on clean energy, Tesla’s arrival feels like perfect timing. Starlink: Fast Internet for Everyone?But Musk isn’t stopping at cars. His satellite internet venture, Starlink, is also eyeing India. The company has been in talks with government officials and is working through the final stages of getting the green light to operate. If all goes well, Starlink could soon beam high-speed internet to even the most remote corners of the country.Imagine students in rural areas streaming online classes without buffering, or small businesses in villages getting access to the digital economy. That’s the kind of impact Starlink is promising. The company has already teamed up with big names like Reliance Jio and Airtel to bring its services to India, so things are moving fast. Of course, there are a few hurdles. The Indian government wants Starlink to set up a command center in the country so it can control or suspend services in sensitive areas if needed. There are also security and data rules that Starlink needs to follow. But with high-level meetings happening and both sides eager to make it work, these challenges seem surmountable. If you’re a car enthusiast, keep an eye out for Tesla showrooms popping up in cities like Delhi and Mumbai. If you’re in a remote area struggling with slow internet, Starlink might soon offer you a new option. And if you’re just curious about how global tech giants are shaping India’s future, this is a story worth following.In short, Elon Musk’s visit isn’t just about business deals—it’s about new possibilities for millions of Indians. Whether it’s cleaner cars or better internet, big changes could be just around the corner.---Join the Premier Europe-India Network for Tech and Science Leaders Connect with industry and product leaders from Europe and India through the Startup Europe India Network (SEINET). This invite-only platform is designed for decision-makers in science, technology, and innovation to drive partnerships, expand markets, and foster mergers and acquisitions. Register now&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

Tesla and Starlink: Elon Musk’s Big Bets on India’s Future

Tamil Nadu has emerged as India’s fastest-growing state, achieving an impressive real growth rate of 9.69% in 2024-25. With a GDP of ₹17.23 lakh crore, the state has set a benchmark for economic development, driven by its robust manufacturing sector, thriving startup ecosystem, and innovative agricultural practices. This article explores Tamil Nadu’s growth story, compares it with Karnataka and Andhra Pradesh, and highlights the organizations and strategies fueling its success. Tamil Nadu’s Economic PerformanceTamil Nadu’s growth rate of 9.69% in 2024-25 is the highest among Indian states and marks its best performance in a decade. The state’s GDP grew from ₹15.71 lakh crore in the previous fiscal year to ₹17.23 lakh crore, showcasing its economic resilience. Tamil Nadu also boasts a per capita income of ₹2.78 lakh, which is 1.6 times the national average. Manufacturing: The Backbone of Tamil Nadu’s EconomyTamil Nadu has cemented its position as an industrial powerhouse, contributing over 12% to India’s industrial GDP.	1.	Automobile Industry:	•	Known as the “Detroit of India,” Tamil Nadu hosts over 1,500 automobile factories producing vehicles and components for global markets.	•	Companies like Hyundai, Ford, and TVS Motors have established major production facilities in the state.	2.	Textile Industry:	•	Textile hubs such as Tirupur and Karur are globally recognized for their high-quality exports.	•	Investments in automation and modern machinery have boosted productivity and reduced costs.	3.	Recent Initiatives:	•	Semiconductor parks in Coimbatore and Palladam aim to position Tamil Nadu as a leader in high-tech manufacturing.	•	Industrial corridors like the Chennai-Bangalore Industrial Corridor enhance connectivity and trade opportunities. Startups: A Thriving EcosystemTamil Nadu’s startup ecosystem is rapidly growing, supported by progressive policies and infrastructure.	1.	Government Support:	•	The Tamil Nadu Startup and Innovation Policy aims to create 5,000 startups by 2025 through seed funding, incubation centers, and tax incentives.	•	Initiatives like the Tamil Nadu Startup Seed Fund (₹20 crore) encourage innovation in emerging areas like AI, robotics, agritech, and spacetech.	2.	Infrastructure Development:	•	Tech hubs such as TIDEL Park provide essential resources for entrepreneurs.	•	Single-window clearances streamline regulatory processes for new ventures.	3.	Success Stories:	•	Agritech startups are leveraging AI-driven tools to modernize farming practices.	•	Fintech companies are innovating solutions to improve financial inclusion across rural areas. Agriculture: Sustaining Rural EconomiesAgriculture contributes 10% to Tamil Nadu’s economy despite challenges such as groundwater depletion and monsoon dependency.	1.	Crop Diversification:	•	Programs like the Millet Mission promote sustainable alternatives to water-intensive crops.	•	Oilseed cultivation under the Oil Seed Mission is being expanded with an allocation of ₹108 crore.	2.	Technological Modernization:	•	Precision farming techniques are improving yields while reducing resource usage.	•	Satellite-based crop monitoring systems help farmers make data-driven decisions.	3.	Horticulture Expansion:	•	Horticultural crops now cover 16.3 lakh hectares, making them a key driver of agricultural growth. Comparison with Karnataka and Andhra PradeshWhile Tamil Nadu leads with a growth rate of 9.69%, Karnataka and Andhra Pradesh have also demonstrated strong economic performance:	1.	Karnataka:	•	With a GDP of ₹16.5 lakh crore and a growth rate of ~8%, Karnataka excels in IT services and startups.	•	Bengaluru serves as India’s startup capital with over 15,000 startups and 40 unicorns.	•	The state focuses on high-tech manufacturing sectors like aerospace and semiconductors.	2.	Andhra Pradesh:	•	Andhra Pradesh recorded a growth rate of 8.21% with a GDP of ₹8.65 lakh crore.	•	Agriculture remains its cornerstone, supported by smart irrigation systems and aquaculture exports.	•	Coastal cities like Visakhapatnam are emerging as IT hubs under its IT &amp; GCC Policy (4.0). Key Organizations Driving Tamil Nadu’s GrowthSeveral organizations play a pivotal role in fueling Tamil Nadu’s economic success:	1.	State Industries Promotion Corporation of Tamil Nadu (SIPCOT): Develops industrial parks across the state.	2.	Tamil Nadu Industrial Development Corporation (TIDCO): Focuses on aerospace and defense projects.	3.	Tamil Nadu Startup Seed Fund: Provides financial support to early-stage startups.	4.	Federation of Indian Chambers of Commerce &amp; Industry (FICCI): Collaborates on policy recommendations to attract investments.Challenges Ahead Despite its impressive growth, Tamil Nadu faces challenges that need attention:	1.	Climate Resilience: Agriculture must adapt to climate change through innovative solutions like precision farming.	2.	Infrastructure Gaps: Expanding rural connectivity remains critical for inclusive development.	3.	Workforce Development: Skilling workers for emerging industries such as AI, semiconductors, and renewable energy is essential to sustain growth. Tamil Nadu’s remarkable growth rate of 9.69% reflects its balanced approach across manufacturing, startups, and agriculture. By fostering innovation, modernizing infrastructure, and supporting inclusive policies, the state has set an example for others to follow. With sustained efforts to address challenges and leverage opportunities, Tamil Nadu is well-positioned to achieve its ambitious target of becoming a $1 trillion economy by 2030 while maintaining its leadership across diverse sectors. -----Join the Premier Europe-India Network for Tech and Science Leaders Discover opportunities to connect with industry and product leaders from Europe and India through the Startup Europe India Network (SEINET). This invite-only platform is designed for decision-makers in science, technology, and innovation to drive partnerships, expand markets, and foster mergers and acquisitions. Register now&nbsp;<a href="https://startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 55, 55);">www.startupeuropeindia.net</a>

Tamil Nadu state emerges as India fastest growing state with 9.69% real-growth

India has taken a significant step forward in its journey to become a global electronics manufacturing hub with the approval of a $2.7 billion Production Linked Incentive (PLI) scheme aimed at bolstering local production of electronic components. This initiative, announced on March 28, 2025, by Information Minister Ashwini Vaishnaw, is expected to attract $7 billion in investments over six years, create nearly 92,000 direct jobs, and strengthen the country's position in global supply chains. A Strategic Shift in ManufacturingThe scheme is designed to reduce India's reliance on imported components while deepening domestic value addition. Historically, India has excelled in assembling electronics like smartphones but has lagged in producing core components locally. The new PLI scheme targets critical sub-assemblies such as display and camera modules, printed circuit boards (PCBs), lithium-ion battery cells, and enclosures for electronics hardware. These components are essential for industries ranging from telecommunications and automotive to consumer electronics and energy. Ashwini Vaishnaw emphasized the importance of this shift, stating that India aims to double its current value addition in electronics manufacturing within the next five years. He noted that active components would be developed under the Indian Semiconductor Mission, while passive components would be addressed through this new scheme. Industry Response and InvestmentsLeading Indian electronics manufacturers like Dixon Technologies, Optiemus Electronics, and Bhagwati Products Limited are gearing up to capitalize on this opportunity. Dixon has already begun work on display module manufacturing in partnership with China’s HKC and is exploring joint ventures for camera modules. Similarly, Bhagwati Products is actively pursuing collaborations with global supply chain players to integrate advanced technologies into India’s ecosystem.Global giants such as Foxconn, TDK Corporation, and Murata Manufacturing Co. are also expected to participate in this initiative. The scheme’s focus on employment-linked incentives has further encouraged companies to invest heavily in expanding local production capabilities. Apple’s Role in India’s Electronics LandscapeApple Inc.’s recent pivot towards India highlights the country’s growing importance in global electronics manufacturing. In FY2025 alone, Apple assembled $22 billion worth of iPhones in India—a 60 percent year-on-year increase—accounting for 20 percent of its global production. This shift is driven by tariff tensions with China and aligns with India’s PLI schemes that incentivize local manufacturing.Apple’s partnership with manufacturers like Foxconn and Tata Electronics underscores the potential of India’s electronics sector. The government’s incentives have enabled Apple to export $17.4 billion worth of iPhones from India this fiscal year, further solidifying the country’s role as a key player in the global supply chain. Challenges and Opportunities AheadWhile the $2.7 billion PLI scheme marks a significant milestone, challenges remain. Developing semiconductor fabs and R&amp;D centers will be crucial for sustaining growth in active component manufacturing. Additionally, ensuring rapid implementation of the scheme and building supporting infrastructure will determine its success.Despite these hurdles, India is clearly on a trajectory toward becoming a self-reliant electronics powerhouse. The government’s focus on creating a robust component ecosystem not only supports domestic industries but also positions India as an attractive destination for global manufacturers. A New Era for “Make in India”This initiative represents more than just financial incentives—it signals a strategic shift toward creating a comprehensive electronics ecosystem within India. By focusing on core components and sub-assemblies, the government is laying the foundation for long-term growth and global competitiveness. As investments pour in and factories begin production under this scheme, India is poised to emerge as a leader in electronics manufacturing. With ambitious goals and strong industry participation, the country is not just assembling products—it’s building the future of technology from the ground up.-----Join the Premier Europe-India Network for Tech and Science Leaders Discover opportunities to connect with industry and product leaders from Europe and India through the Startup Europe India Network (SEINET). This invite-only platform is designed for decision-makers in science, technology, and innovation to drive partnerships, expand markets, and foster mergers and acquisitions. Register now&nbsp;<a href="https://startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 55, 55);">www.startupeuropeindia.net</a>

India Secures $2.7 Billion Boost for Electronics Manufacturing

India is at a critical juncture in its industrial journey, where balancing rapid growth with environmental sustainability is more important than ever. As the country’s chemical industry is projected to reach $304 billion by 2025, adopting sustainable biomanufacturing and green chemistry practices has emerged as a key strategy to address climate challenges while boosting economic competitiveness. The Plastic Challenge and Circular Economy OpportunitiesPlastics have revolutionized modern life due to their affordability and versatility, but their environmental impact is alarming. Global plastic production stands at 350 million metric tons annually and could triple by 2050. Most plastics, including polyethylene terephthalate (PET), are derived from fossil-based materials, contributing significantly to pollution as only 15% of PET is recycled. The rest ends up in landfills or the environment. Innovative solutions like the one proposed by Kopperi and colleagues offer hope. Their research introduces an eco-friendly method to convert waste PET into biofuel blends using alkali-catalyzed depolymerization followed by microbial conversion in a bioelectrochemical system. This process not only reduces waste but also lowers carbon emissions, demonstrating the potential of green chemistry to transform traditional recycling methods into sustainable alternatives. Why Green Chemistry Matters for IndiaSustainable chemistry goes beyond pollution reduction; it focuses on designing processes that inherently avoid hazardous substances. For India, which faces rising environmental pressures alongside industrial expansion, such innovations are crucial. By leveraging biomanufacturing techniques, India can reduce dependency on fossil fuels, cut costs, and unlock new revenue streams through circular economy models.For example, transitioning to biobased polymers or solvent-free processes can help businesses align with global sustainability goals while benefiting from regulatory incentives and growing consumer demand for eco-friendly products. Economic Potential of BiomanufacturingIndia’s chemical industry heavily relies on fossil fuel inputs, which not only increase costs but also limit growth opportunities. Biomanufacturing offers a solution by utilizing locally available feedstock to produce high-value chemicals sustainably. This approach aligns with the BioE3 Policy—a government initiative aimed at fostering high-performance biomanufacturing and positioning India as a global leader in biotechnology. The policy emphasizes innovation-driven research, establishment of biomanufacturing hubs, and workforce development to accelerate technology adoption. By focusing on sectors like specialty chemicals, smart proteins, and climate-resilient agriculture, India can create jobs while addressing pressing environmental challenges. Overcoming Adoption BarriersDespite its promise, biomanufacturing faces hurdles such as high upfront costs and resistance from legacy industries. Smart policy interventions like green subsidies, carbon pricing, and mandatory life cycle assessment reporting could help overcome these barriers. Additionally, investment in research and development is essential to scale emerging technologies and ensure profitability aligns with sustainability. A Strategic Imperative for India's FutureThe shift to sustainable chemical manufacturing is not just an environmental necessity but also a strategic economic lever for India. By embracing green chemistry and biomanufacturing today, businesses can gain a competitive edge while contributing to a cleaner future. As India transitions toward a regenerative bioeconomy under initiatives like the BioE3 Policy, it has the opportunity to lead globally in sustainable innovation and economic growth. This transformative journey will require collaboration across government, industry, and academia to unlock new avenues for sustainability while ensuring that India’s industrial future remains both prosperous and environmentally responsible.------Join the Premier Europe-India Network for Tech and Science Leaders Discover opportunities to connect with industry and product leaders from Europe and India through the Startup Europe India Network (SEINET). This invite-only platform is designed for decision-makers in science, technology, and innovation to drive partnerships, expand markets, and foster mergers and acquisitions. Register now at <a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

Sustainable Biomanufacturing: Paving the Way for India's Green Transition

India is currently facing an intriguing economic paradox: despite record-breaking profits for private firms, investment levels remain stagnant. This phenomenon sheds light on deeper structural and behavioral challenges within the country’s economy. Here are the key insights and lessons from this situation. Weak Demand as a Core BarrierOne of the primary reasons for low investment is insufficient domestic consumption and muted export demand. While corporate profits have reached a 15-year high, businesses are hesitant to expand due to a lack of confidence in future returns. Sajjid Chinoy, Chief Economist at JP Morgan India, emphasizes that financial strength alone does not drive investment; companies need to see clear demand growth to justify capacity expansion. For example, the construction sector illustrates this issue vividly. Urban areas are saturated with unsold properties, while builders are reluctant to explore smaller tier-two and tier-three cities. This highlights a missed opportunity to tap into new markets and diversify demand sources. Structural Shifts in Entrepreneurial BehaviorAnother concerning trend is the shift in focus among business heirs and entrepreneurs. Many are choosing wealth management over creating new enterprises. Rathin Roy, a former member of India’s Prime Minister’s Economic Advisory Council, notes that during the COVID-19 pandemic, businesses realized they could generate income through investments rather than venturing into new projects. This capital flight—where funds are increasingly invested abroad—further reduces domestic investment potential. Policy Interventions and Early Signs of ChangeThe Indian government has introduced measures aimed at stimulating consumption and investment. For instance, the federal budget includes $12 billion in tax relief for individuals, which could boost spending power. Additionally, reductions in interest rates may encourage borrowing and investment. There are also signs of improvement in business sentiment. The Reserve Bank of India reports an increase in private firms expressing interest in investing this year compared to last year. However, translating this intent into actual financial commitments remains uncertain. Global Factors Adding ComplexityUncertainties in global trade policies and tariffs also play a role in delaying investments. Companies are cautious about committing resources amid an unpredictable international trade environment. Lessons for Economic Growth1. Stimulating Demand: Policies should focus on boosting consumer spending and creating incentives for businesses to explore untapped markets.2. Encouraging Entrepreneurship: Programs that promote innovation and reduce barriers for startups can help shift focus back to enterprise creation.3. Retaining Capital: Strategies to keep investments within the country, such as offering competitive returns domestically, are crucial.4. Long-term Vision: Addressing structural issues like wage stagnation and regional imbalances can create a more sustainable economic environment. India’s situation underscores the complexity of economic recovery post-pandemic. While record profits are a positive indicator, they must translate into tangible investments to drive growth and job creation. ---Join the network platform for Europe and India Product and Industry Leaders in Tech and Science - register here <a href="http://www.startupeuropeindia.net" rel="noopener noreferrer" target="_blank">www.startupeuropeindia.net</a>

India’s Economic Puzzle: Record Profits but Stagnant Investments

Skoda Auto has officially commenced series production of the highly anticipated Skoda Kyaq at its state-of-the-art manufacturing facility in Pune. This marks a significant milestone for the Czech automaker as it strengthens its commitment to the Indian market and aims to capture a larger share of the rapidly growing SUV segment.The Skoda Kyaq is a compact SUV specifically tailored to the Indian market's unique preferences. It is underpinned by the versatile Volkswagen Group's MQB A0 IN platform, a testament to the company's dedication to providing cutting-edge technology and engineering. This platform is also utilized for other popular models such as the Volkswagen Taigun and the Skoda Kushaq, ensuring a robust foundation for the Kyaq's success.&nbsp; Skoda is confident that the Kyaq will resonate with Indian customers, offering a compelling blend of stylish design, practical functionality, and competitive pricing. The company has invested heavily in its Pune plant to ensure seamless production and meet the anticipated demand for this exciting new model. With the Kyaq's entry into series production, Skoda reaffirms its commitment to the Indian market and its ambition to continue its growth trajectory. The company is poised to further strengthen its position in the competitive Indian automotive landscape and deliver an exceptional ownership experience to its valued customers. ---Join the exclusive network&nbsp;for leaders driving growth and partnerships in tech and science&nbsp;-&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: inherit;">www.startupeuropeindia.net</a>

Skoda Starts Series Production of the Skoda Kyaq in Pune

India’s External Affairs Minister, Dr. S. Jaishankar, embarked on a significant six-day visit to the United Kingdom and Ireland starting March 4, 2025. This high-profile diplomatic trip aims to strengthen bilateral ties, advance trade negotiations, and address pressing global issues. With key meetings, consulate inaugurations, and discussions on the India-UK Free Trade Agreement (FTA) on the agenda, here’s a detailed look at what to expect from Jaishankar’s visit and its implications for India’s international relations. Strengthening Ties with the UK: Focus on the India-UK FTAJaishankar’s visit to the UK, spanning March 4-6 and March 8-9, kicks off with high-level talks in London. A major highlight is his meeting with UK Foreign Secretary David Lammy, where the spotlight will be on the recently relaunched India-UK Free Trade Agreement negotiations. Launched in January 2022, the FTA aims to boost the £41-billion annual bilateral trade partnership between the two nations. Key sectors like pharmaceuticals, financial services, and technology are expected to benefit, though challenges remain, including disagreements over market access and tariff reductions.During his stay, Jaishankar will also address the prestigious Chatham House think tank, offering insights into India’s global role. Additionally, he is set to inaugurate new Indian consulates in Belfast and Manchester—moves announced by Prime Minister Narendra Modi at the G20 Summit in Brazil in November 2024. These consulates will enhance India’s diplomatic presence in the UK, facilitating better services for the Indian diaspora and fostering people-to-people connections. For businesses eyeing opportunities under the India-UK FTA, focusing on sectors like technology and pharmaceuticals could yield early advantages once the agreement is finalized. Stay updated on negotiation outcomes for strategic planning. Deepening India-Ireland Relations: Economic and Diplomatic MilestonesFrom March 6-7, Jaishankar will travel to Ireland, marking the highest-level visit since PM Modi’s trip to Dublin in 2015. His agenda includes meetings with Irish Foreign Minister Simon Harris and other officials, alongside engaging with the Indian diaspora. A significant outcome to watch for is the signing of a Memorandum of Understanding (MoU) for a diplomat exchange program, as reported by The Hindu. This initiative will enhance diplomatic collaboration between the two nations. Another key development is the establishment of the India-Ireland Joint Economic Commission, aimed at boosting economic cooperation. With bilateral trade between India and Ireland reaching €16 billion in recent years, this commission could pave the way for deeper ties in technology, trade, and investment. Indian companies like Wipro, TCS, and Infosys, already entrenched in Ireland, stand to gain from improved market access within the European Union. Indian professionals and students in Ireland—numbering around 40,000 NRIs and 10,000 students—can leverage this visit to explore new opportunities in education and employment as ties strengthen. Geopolitical Context: Navigating Global ChallengesJaishankar’s visit comes amid a shifting global landscape, with Europe intensifying efforts for peace in the Russia-Ukraine conflict and India maintaining its stance on dialogue-based resolutions. India’s neutral yet proactive approach—highlighted by PM Modi’s recent talks with European Commission President Ursula von der Leyen—will likely feature in discussions with UK and Irish leaders. This visit underscores India’s growing role as a global player balancing ties with the US, Europe, and Russia. What to Expect from Jaishankar’s Visit<ol><li>FTA Progress: While a final deal may not be signed during this visit, expect announcements on negotiation milestones, offering clarity for businesses and investors.</li><li>Consulate Openings: The Belfast and Manchester consulates will improve visa services and support for the Indian community in the UK, signaling India’s commitment to its diaspora.</li><li>** Ireland Breakthroughs:** The MoU and Joint Economic Commission could set the stage for Ireland to become a strategic gateway for India into the EU market.</li><li>Global Messaging: Jaishankar’s Chatham House address will reinforce India’s stance on peace, sovereignty, and its rising influence in international affairs.</li></ol> Follow official statements from the Ministry of External Affairs (MEA) and Jaishankar’s social media updates for real-time insights into outcomes that could impact trade, travel, or education opportunities. Why This Visit MattersJaishankar’s trip to the UK and Ireland is more than a diplomatic formality—it’s a strategic move to cement India’s economic and geopolitical footing in Europe. For the UK, the FTA represents a post-Brexit opportunity to deepen ties with a fast-growing economy. For Ireland, it’s a chance to elevate its partnership with India beyond shared democratic values into tangible economic gains. As India navigates complex global dynamics, this visit could set the tone for future engagements with Western nations. ---Join the exclusive network&nbsp;for leaders driving growth and partnerships in tech and science&nbsp;-&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: inherit;">www.startupeuropeindia.net</a>

Jaishankar’s UK and Ireland Visit 2025: Agenda, FTA Talks, and What to Expect

India's recent strides in reducing extreme poverty to negligible levels, as highlighted in a 2025 article from The Economist titled "<a href="https://www.economist.com/finance-and-economics/2025/02/27/india-has-undermined-a-popular-myth-about-development" rel="noopener noreferrer" target="_blank">India has undermined a popular myth about development</a>"<a href="https://www.economist.com/finance-and-economics/2025/02/27/india-has-undermined-a-popular-myth-about-development))," rel="noopener noreferrer" target="_blank">,</a> mark a significant shift in global development narratives. This survey note delves into the data, policies, and implications, providing a comprehensive analysis for researchers, policymakers, and lay readers interested in development economics. Background and ContextThe article, published on February 27, 2025, and featured in the Finance &amp; economics section of the March 1, 2025, print edition under the headline “Ploughing its own furrow,” suggests that India has challenged a popular myth about development. While the specific myth isn't detailed in accessible snippets, the context points to the notion that extreme poverty is persistent and difficult to eradicate in large, developing nations. This is supported by the article's mention that "extreme poverty in the country has dropped to negligible levels," aligning with broader discussions on India's poverty reduction trajectory. Defining Extreme PovertyExtreme poverty, as defined by the World Bank, is living on less than $2.15 per day in 2022 purchasing power parity (PPP) terms, reflecting severe deprivation in basic needs. This metric is crucial for international comparisons and tracking progress toward global development goals, such as the United Nations' Sustainable Development Goals. Data on Poverty ReductionHistorical data from the World Bank indicates that India's extreme poverty rate was 22.5% in 2011, affecting approximately 295 million people, and decreased to 10.2% by 2019, impacting about 140 million. More recent estimates, such as those from a 2024 Brookings Institution article titled "<a href="https://www.brookings.edu/articles/india-eliminate-extreme-poverty" rel="noopener noreferrer" target="_blank">India eliminates extreme poverty</a>"<a href="https://www.brookings.edu/articles/india-eliminate-extreme-poverty/))," rel="noopener noreferrer" target="_blank">,</a> suggest that by 2025, official data confirms the elimination of extreme poverty, with the rate now negligible. This is further supported by the National Multidimensional Poverty Index: A Progress Review 2023 from the United Nations Development Programme, which reports that 135 million people escaped multidimensional poverty between 2015-16 and 2019-21, with rural areas seeing the fastest decline from 32.59% to 19.28% <a href="https://www.undp.org/india/national-multidimensional-poverty-index-progress-review-2023)" rel="noopener noreferrer" target="_blank">National Multidimensional Poverty Index: A Progress Review 2023</a><a href="https://www.undp.org/india/national-multidimensional-poverty-index-progress-review-2023))." rel="noopener noreferrer" target="_blank">.</a> | Year&nbsp;&nbsp;| Extreme Poverty Rate (%) | Estimated Population in Extreme Poverty (Millions) ||--------|--------------------------|------------------| 2011&nbsp;&nbsp;| 22.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;| ~295&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;|| 2019&nbsp;&nbsp;| 10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;| ~140&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;|| 2025&nbsp;&nbsp;| Negligible&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;| &lt;1% (assumed based on recent reports)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;| This table summarizes the trend, highlighting the significant reduction and the projected negligible levels by 2025, based on the Brookings claim. Factors Contributing to Poverty ReductionSeveral interrelated factors have driven India's success, as evidenced by various reports and government initiatives: 1. Economic Growth and Structural Changes:&nbsp;&nbsp;- India's GDP growth averaged 6-7% annually, driven by sectors like services (now nearly 50% of GDP, as per The India Forum in 2024) and technology, creating jobs and raising incomes. This growth, particularly post-1991 liberalization, has been crucial, though manufacturing's share remained stagnant, per <a href="https://www.theindiaforum.in/economy/poverty-india-over-last-decade" rel="noopener noreferrer" target="_blank">Poverty in India Over the Last Decade</a><a href="https://www.theindiaforum.in/economy/poverty-india-over-last-decade))." rel="noopener noreferrer" target="_blank">.</a> 2. Government Policies and Programs:&nbsp;&nbsp;- Infrastructure Investment: Enhanced roads, railways, and ports have improved connectivity, facilitating economic activity. The Economic Survey 2022-23 highlights significant investments in infrastructure <a href="https://www.indiabudget.gov.in/economicsurvey" rel="noopener noreferrer" target="_blank">Economic Survey 2022-23</a>&nbsp;&nbsp;- Social Safety Nets: The National Rural Employment Guarantee Act (NREGA) guarantees 100 days of wage employment to rural households, with over 5 billion person-days of employment generated since inception, according to government reports.&nbsp;&nbsp;- Direct Benefit Transfers: Programs like the Pradhan Mantri Jan Dhan Yojana (PMJDY) have opened over 400 million bank accounts, reducing financial exclusion, as noted in the 2023 Economic Survey. 3. Access to Basic Services:&nbsp;&nbsp;- Electricity: The Saubhagya scheme aimed for universal electrification, with significant progress reported, improving productivity and living standards.&nbsp;&nbsp;- Water and Sanitation: The Swachh Bharat Mission, launched in 2014, constructed over 100 million toilets, reducing open defecation and improving health outcomes, as per the 2023 Multidimensional Poverty Index report.&nbsp;&nbsp;- Healthcare: The National Rural Health Mission expanded healthcare access, particularly in rural areas, contributing to reduced infant mortality and improved health indicators. 4. Digitalization and Financial Inclusion:&nbsp;- Digital payment systems like the Unified Payments Interface (UPI) have revolutionized transactions, with over 40 billion transactions in 2023, enhancing economic participation. PMJDY's success in opening accounts has been pivotal, with data from the Reserve Bank of India showing increased banking penetration. Challenging the Popular MythThe popular myth that India has undermined appears to be the belief that extreme poverty is intractable in large, developing countries, often attributed to population size, diversity, and structural challenges. India's success, with a population of over 1.4 billion, challenges this assumption, suggesting that with targeted policies, even the most daunting development goals can be met. Additionally, it undermines the notion that development requires a specific governance model, such as autocracy, which some argue is necessary for rapid decision-making. India's democratic system, combined with a mixed economy, has shown that inclusive growth is possible, contradicting myths highlighted in discussions like *The Myth of Democratic Recession* from the Journal of Democracy in 2015 <a href="https://journalofdemocracy.org/articles/the-myth-of-democratic-recession/" rel="noopener noreferrer" target="_blank">The Myth of Democratic Recession</a>. This is an unexpected insight, as many global observers assumed only authoritarian regimes could achieve such rapid poverty reduction, as discussed in <a href="https://www.brookings.edu/articles/democracy-does-not-cause-growth" rel="noopener noreferrer" target="_blank">Democracy does not cause growth</a> from the Brookings Institution in 2016. Controversies and ChallengesWhile the narrative is positive, controversies exist around poverty measurement methods. Some, like Poverty in India Over the Last Decade from The India Forum, caution that until unit-level data is analyzed, claims of eliminating extreme poverty may be premature, especially given data-related controversies around the National Statistical Organisation's surveys. Additionally, critics argue that the $2.15 poverty line might be too low, with Five myths about India's poverty from McKinsey in 2014 suggesting that 56% of Indians lack means for basic needs, challenging official rates <a href="https://www.mckinsey.com/mgi/overview/in-the-news/five-myths-about-indias-poverty" rel="noopener noreferrer" target="_blank">Five myths about India's poverty</a><a href="https://www.mckinsey.com/mgi/overview/in-the-news/five-myths-about-indias-poverty))." rel="noopener noreferrer" target="_blank">.</a> Implications for Global DevelopmentIndia's achievement serves as a model for other developing nations, particularly in demonstrating that democracy and mixed economies can drive poverty reduction. It also highlights the importance of inclusive policies, such as digitalization and financial inclusion, which can be adapted globally. As noted in India Overview: Development news, research, data from the World Bank in 2024, India's aspiration to achieve high-income status by 2047 will need to build on these gains, focusing on climate-resilient and inclusive growth <a href="https://www.worldbank.org/en/country/india/overview" rel="noopener noreferrer" target="_blank">India Overview: Development news, research, data</a> India's conquest of extreme poverty by 2025, reducing it to negligible levels, is a significant development breakthrough, challenging the myth of its persistence in large, developing countries. Driven by economic growth, government initiatives, and improved access to services, this success underscores the potential for diverse development paths. As global development discourse evolves, India's experience offers valuable lessons, emphasizing the need for tailored, inclusive strategies to build a more equitable world. ---Join the exclusive network&nbsp;for leaders driving growth and partnerships in tech and science&nbsp;-&nbsp;<a href="http://www.startupeuropeindia.net/" rel="noopener noreferrer" target="_blank" style="color: inherit;">www.startupeuropeindia.net</a>

India reduces poverty, debunks popular myth

A&nbsp;family office&nbsp;is a private wealth management advisory firm that serves ultra-high-net-worth individuals (UHNWIs) or business families. It is designed to manage the financial and investment needs of a single family or a group of families, providing a comprehensive and personalized approach to wealth management, wealth preservation and wealth creation. Family offices handle a wide range of services, including investment management, estate planning, tax optimization, philanthropy, and even lifestyle management.Types of Family Offices:<ol><li>Single-Family Office (SFO):</li></ol><ul><li class="ql-indent-1">Serves one wealthy family.</li><li class="ql-indent-1">Tailored exclusively to the needs and goals of that family.</li><li class="ql-indent-1">Can be highly customized but also expensive to operate.</li></ul><ol><li>Multi-Family Office (MFO):</li></ol><ul><li class="ql-indent-1">Serves multiple families, often with similar wealth levels or interests.</li><li class="ql-indent-1">Shares resources and costs among families, making it more cost-effective.</li><li class="ql-indent-1">Offers a broader range of services but may be less personalized than an SFO.</li></ul>Key Functions of a Family Office:Wealth ManagementFinancial PlanningConcierge and Lifestyle ServicesGovernance and Family HarmonyPhilanthropy &gt; Foundations and Philanthropy &lt; Business Family offices and Business family offices are coming up big way in India, which is potentially shaping numerous high risk initiatives in social entrepreneurship, impact investing, research and development, education and SDGs. A&nbsp;Business Family Foundation&nbsp;in India is a philanthropic organization established by a business family to manage and channel their wealth toward charitable, social, and developmental causes. These foundations are typically set up as&nbsp;trusts&nbsp;or&nbsp;societies&nbsp;under Indian laws and are governed by the&nbsp;Income Tax Act, 1961, and other relevant regulations. They serve as a structured way for business families to give back to society, fulfill corporate social responsibility (CSR) obligations, and create a lasting legacy.Key Features of a Business Family Foundation in India:Legal Structure:<ul><li>Most foundations are registered as:</li><li class="ql-indent-1">Public Charitable Trusts&nbsp;(under the Indian Trusts Act, 1882).</li><li class="ql-indent-1">Societies&nbsp;(under the Societies Registration Act, 1860).</li><li class="ql-indent-1">Section 8 Companies&nbsp;(under the Companies Act, 2013, for non-profit purposes).</li><li class="ql-indent-1">These structures provide tax benefits and ensure compliance with Indian laws.</li></ul>Purpose and Objectives:<ul><li>Foundations focus on areas such as:</li><li class="ql-indent-2">Education and skill development.</li><li class="ql-indent-2">Healthcare and sanitation.</li><li class="ql-indent-2">Poverty alleviation and rural development.</li><li class="ql-indent-2">Environmental sustainability.</li><li class="ql-indent-2">Arts, culture, and heritage preservation.</li><li class="ql-indent-1">Women empowerment and child welfare.</li></ul>Funding:<ul><li class="ql-indent-1">Funded by the business family’s wealth, often through donations from the family or their businesses.</li><li class="ql-indent-1">May also receive grants, donations, or CSR funds from other entities.</li></ul>Tax Benefits:<ul><li class="ql-indent-1">Donations to these foundations are eligible for tax deductions under&nbsp;Section 80G&nbsp;of the Income Tax Act.</li><li class="ql-indent-1">Foundations themselves can claim tax exemptions under&nbsp;Section 11 and 12&nbsp;if they meet certain conditions (e.g., using funds for charitable purposes).</li></ul>Governance:<ul><li class="ql-indent-1">Managed by a board of trustees or governing council, often including family members and external experts.</li><li class="ql-indent-1">Requires transparency and accountability in operations, especially if registered under the&nbsp;Foreign Contribution (Regulation) Act (FCRA)&nbsp;for receiving foreign funds.</li></ul>Role of Business Family Foundations in India:Philanthropy:<ul><li class="ql-indent-1">Enable business families to contribute to social causes and address pressing issues in India, such as poverty, education, and healthcare.</li></ul>CSR Compliance:<ul><li class="ql-indent-1">Under the&nbsp;Companies Act, 2013, companies with a net worth of ₹500 crore or more, turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more are required to spend 2% of their average net profits on CSR activities. Many business families use their foundations to fulfill these obligations.</li></ul>Legacy Building:<ul><li class="ql-indent-1">Foundations help business families create a lasting impact and legacy beyond their business achievements.</li><li class="ql-indent-1">They often reflect the family’s values and commitment to social responsibility.</li></ul>Community Engagement:<ul><li class="ql-indent-1">Foundations engage with local communities, NGOs, and government bodies to implement programs and initiatives.</li></ul>Examples of Prominent Business Family Foundations in India:Tata Trusts:<ul><li class="ql-indent-1">Established by the Tata family, one of India’s oldest and most respected business families.</li><li class="ql-indent-1">Focus areas include education, healthcare, and rural development.</li></ul>Reliance Foundation:<ul><li class="ql-indent-1">Founded by the Ambani family, it focuses on rural transformation, education, health, and disaster response.</li></ul>Infosys Foundation:<ul><li class="ql-indent-1">Led by Sudha Murthy, it works in areas like education, healthcare, and rural development.</li></ul>Wipro Foundation:<ul><li class="ql-indent-1">Focuses on education, healthcare, and environmental sustainability.</li></ul>Shiv Nadar Foundation:<ul><li class="ql-indent-1">Established by HCL founder Shiv Nadar, it focuses on education and art.</li></ul>

Family Office : Family Foundation and Philanthropy

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