1、A NaturalPartnership:United States-IndiaFDI Perspectivesinvest-indiainvestindiainvestindiaofficalInvestIndiaIPAAuthored By:March 2021Hoonar Janu, Vaibhav Yadav & Aditya Vikram SinghU.S. Team, Invest IndiaRemya Lakshmanan & Aarushi AggarwalStrategic Investment Research Unit, Invest IndiaArt Direction

2、:Sanya DattBrand Communications, Invest India A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NA NA AT TU UR RA AL L P PA AR RT TN NE ER RS SH HI IP P: : U UN NI IT TE ED SD ST TA AT TE ES S-I -IN ND DI IA A F FD DI I P PE ER RS SP PE EC CT TI IV VE ES SH.E. Taranjit Singh SandhuAmbassa

3、dor of Indiato the United States of AmericaForewordA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESI want to congratulate Invest India on its publication of A Natural Part

4、nership: United States-India FDI Perspectives. The United States firmly believes that a strong India is not just in Indias interest, but in our interest, the interest of the region, and the interest of the world. U.S. companies continue to make significant contributions to Indias growth and prosperi

5、ty.This publication details the critical role of U.S. investment in key sectors of Indias economy, such as pharmaceuticals, civil aviation, and information and communications technology. I recall how our bilateral investment relationship was just starting to take off when I became Under Secretary of

6、 Commerce in 2001. Today, we can proudly state that U.S. companies are consistently the largest source of foreign direct investment in India, playing a critical role in research and development, the training of local managers, and the incorporation of India into global supply chains. U.S. companies

7、engage in a range of corporate social responsibility activities in the communities where they operate, which also contributes to Indias development. It is impressive to see the many projects that U.S. companies have executed, such as those involved in education, sanitation, and the economic empowerm

8、ent of women. Last year, Secretary Pompeo presented the Award for Corporate Excellence to Pepsico India for its collaboration with 24,000 Indian farmers, which saved billions of liters of water through community programs to improve water conservation and water replenishment. Given the size and sophi

9、stication of our respective economies, there is still room for further growth in investment. The United States looks forward to expanding the ties between U.S. and Indian companies, continuing to deepen our strategic partnership, and working together to ensure a free and open Indo-Pacific region.For

10、ewordH.E. Kenneth I. JusterFormer Ambassador of the United States to IndiaPrefaceMr. Deepak BaglaManaging Director and CEO,Invest IndiaA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES0A NATURAL PARTNERSHIP: UNITED STATE

11、S-INDIA FDI PERSPECTIVESTable of ContentsU.S. Businesses in India through the yearsFocus Sectors for Investments in IndiaAuto and Auto ComponentsBanking, Financial Services and InsuranceChemicalsDefense ManufacturingElectronic Systems and Device ManufacturingEnergy and RenewablesFood ProcessingIT-BP

12、MPharmaceuticals and BiotechnologyResearch and DevelopmentU.S. Industry Leaders on IndiaOpportunities for InvestmentsIndias Footprint in the U.S.Invest India: One-Stop Shop for Investing in India Creating Awareness and EngagementThe Investors StoriesThe Indo-U.S. bilateral relationship found renewed

13、 vigour at the turn of the millennium and has since scaled new heights. As Prime Minister Narendra Modi says, the Indo-U.S. partnership is among the most important of the 21st century. The U.S. and India are the worlds oldest and largest democracies, and fastest-growing economies; they are natural a

14、llies. Our bilateral relationship has stood the test of time, through evolving domestic and global scenarios. It has weathered history and flourished. Undergirding this relationship is a deep commitment to democratic values and a peaceful and liberal global world order.The broad-based and multi-sect

15、oral relationship is defined by cooperation in areas like defence, commercial relations, energy, environment, technology, and health. As a testimony to these priorities, India and the U.S. have collaborated extensively during the ongoing public health crisis. They have also spearheaded efforts in va

16、ccine development to fight Covid-19.Today, more than 2,000 American companies run successful operations in India while the bilateral trade has exceeded the value of USD 149 billion and American investments in India have surpassed a remarkable USD 42 billion. More important, however, is the relations

17、hip between the people of India and the United States. The Indian diaspora in the U.S. is a community of over four million people that actively contributes to the American economy and society. Indeed, the U.S. and India are inextricably linked to one another. This report comes at an opportune time:

18、just as a new administration under President Olden takes office. As the U.S. and India renew their commitment to each other and the bilateral relationship, I hope this report provides readers with a good look-back on how far our partnership has come today. As the report also highlights areas of coop

19、eration and the opportunities for investment in India, I hope it will be a useful guide to American investors, both old and new. I look forward to another decade of prospering relations between our two great countries. A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP:

20、 UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES0102U.S. Businesses in IndiaThrough the Years1914Caterpillar supplies first tractorto Punjab, replacing the traditionalox power on the farm1921American Express establishes its India office in Kolkata.1922

21、JP Morgan establishes India presence in KolkataGoodyear enters India market1926Ford starts car assembly in the suburbs of Mumbai, rolling off iconic carslike the Model T 1928GM establishes assembly plantsin the suburbs of Mumbai,introducing iconic American brandslike the Buick, Chevrolet, Pontiac191

22、4Caterpillar supplies first tractorto Punjab, replacing the traditionalox power on the farm.1921American Express establishes its India office in Kolkata.1922JP Morgan establishes India presence in Kolkata.2Goodyear enters the Indian market.1926Ford starts car assembly in the suburbs of Mumbai, rolli

23、ng off iconic carslike the Model T.3 1928GM establishes assembly plantsin the suburbs of Mumbai,introducing iconic American brandslike the Buick, Chevrolet, Pontiac.1802DuPont imports the first shipment of black powder for explosives from India.11892OTIS (UTC) installs Indias firstelevator in Raj Bh

24、avan, Kolkatawhich still operates today.1902GE builds Asias first hydropowerplant near Mysore.Citibank starts operations in Kolkata.1910Abbott begins operations in India.For over a century, diverse American businesses have found a home in India. From their humblebeginnings, they have grown to become

25、 household names, often synonymous with trust anddependability. In making India a part of their business strategy, U.S. companies have transformedtheir products and operations to serve the Indian market. Along the way, they have indigenized andlocalized production, product marketing and the product

26、itself. Indians, in return, have come toaccept these companies as their own, indispensable in the social fabric of the country. This timeline traces the origins of leading American companies in India and notable moments inthe U.S.-India economic relationship.1. www.ibef.org/download/E_I_DupontIndia.

27、pdf2. https:/ https:/ 1957Caltex (Chevron) establishes its firstoil refinery in Visakhapatnam. Johnson & Johnson establishesIndia office and starts productionsoon after.A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PAR

28、TNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES03044.https:/ https:/www.businesstoday.in/current/corporate/ibm-india-george-fernandes-history-in-india/story/16367.html7. https:/ “India-US Cooperation in Civil Space,” ISRO. https:/www.nasa.gov/pdf/164274main_2nd_exp_conf_14_InternationalExplorationPer

29、spective_MrVKumar.pdf1983Ford Aerospace builds the first fourINSAT satellites, launched by NASA,ushering a revolution in Indias TVand radio broadcasting.8Whirlpool establishes presence in India.19601936Carrier (UTC) installs the countrys first air-conditioner in Rambagh Palace, Jaipur.41937Colgate-P

30、almolive starts distributionof Colgate Dental Cream Toothpasteusing handcarts.51954ESSO (ExxonMobil) sets up firstmodern refinery in Mumbai.IBM6 and Pfizer7 enter India.1951IBM 1620 computer ferried toIIT-Kanpur, lays foundations ofcomputer programming in India.1984Citicorp offshores its software pr

31、ogramming to India.Fedex starts Indias first international all-cargo flight.1985Texas Instruments establishes R&D center in India.1963A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI P

32、ERSPECTIVES05069. https:/ opens its first outlet in India.Franklin Templeton is launchedin India.1990Microsoft sets up operationsin Hyderabad.1994Kelloggs starts manufacturing in Mumbai.Morgan Stanley becomes the first foreign fund house in India.CBRE becomes first real estate services firm in India

33、.1996McDonalds, Pizza Hut, Dominos Pizzas set up in India.Goldman Sachs starts India operations.1999Xerox establishes Indian majority subsidiary.92000Indian IT prowess helps the U.S. tide over the Y2K conundrum.Marriott hotel opens in Goa.GE sets up its first and largest laboutside U.S. in Bengaluru

34、.1997GE Capital International Services,later Genpact, lays foundationsof BPO industry.Amway leads direct selling in India.2001Subway opens in India.Target opens support centers in India.Fidelity Investments opens office in India.2004Google sets up operations in India.20052003Applied Materials sets u

35、p India center.2002Hewlett Packard Inc. sets up R&D labs in India.A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES07082012Dunkin Donuts opens its first outlet in India.Wen

36、dys opens its first outlet in India.2015SpiceJet places order of 205 Boeing airplanes.20162008Lockheed Martin opens Indiasubsidiary.2007Dell rolls out its first Made in Indiacomputer.Wells Fargo opens support centers in India.2006A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL P

37、ARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES0910Focus Sectors forInvestments in IndiaSUMMARY OF THE UNITED STATES INDIA INVESTMENT AND TRADE The U.S. is the third-largestcontributor of foreign directinvestments (FDI) to India(as of Dec.

38、2020)12Cummulative FDI from the United States to India since 1947 to December 2020 (in USD Bn)19470.040.10.251991 economic& industrial reforms3.512.54240USD (Bn)Year30201001957.0202012. Quarterly Fact Sheet on FDI April 2000 to Dec 2020,” DIPP, December. 2020, https:/dipp.gov.in/sites/def

39、ault/files/FDI%20Factsheet%20December%2020.pdf13. DPIIT FDI Data (incl. estimations made by Invest India), https:/dipp.gov.in/publications/fdi-statistics10. “U.S. second biggest FDI source for India during April-September 2020,” The Hindu, 29 November 2020.https:/ “The 11 Most Active Investors In Th

40、e Indian Startup Ecosystem,” Inc 42, 29 September 2020. https:/ More than half of U.S. FDI into India,since the turn of the millennium,has come in the last five years13U.S. energy exports to India amount to USD 8 Bn, an increase of 100 percentfrom five years before.2019Nearly 650 U.S. companies have

41、 registered corporate entities in India,marking the largest presence of any foreign country in India.U.S. tech companies and financial funds, led by giants Amazon, Facebook, and Google make large investments in the Indian technology sector. Between April and September 2020, India received upwards of

42、 USD 7 Bn in FDI from the U.S.10Sequoia India, the Indian subsidiary of American venture capital firm Sequoia Capital, becomes the largest investor in Indian startups with 12 deals. Six of the top ten investors, including Sequoia Capital, in the space are American.11Leading American and Indian vacci

43、ne makers collaborate in the developmentof a vaccine against Covid-19.2020Intel sets up R&D facility in Bengaluru,its largest outside the U.S.U.S. becomes Indias largest goods trading partner.201850A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA

44、FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES111241.27%Computer Software& Hardware27.68 %Others2.73 %Trading6.06 %Automobile Industry7.24 %15.02%Construction (Infrastructure)ActivitiesServices SectorSector-wise Cumulative FDI Equity Inflows from the United States into I

45、ndia14FDI Equity Inflows from the United States into India(in USD Bn)FY11FY12FY13FY14FY15FY16FY17FY18FY19FY20 Indias trade in goodswith the U.S. increasedfrom USD 9 Bnin 1995 to USD 78 Bnin 2019-20, making theU.S. Indias largestgoods trading partner15 Indias trade inservices with U.S.increased fromU

46、SD 2 Bn in 1995to USD 43 Bn in 202016India-United States Trade Figures (Good & Services, USD Bn) - Last Quarter CenturyU.S. Export to India - ServicesIndia Export to U.S. - ServicesU.S. Export to India - GoodsIndia Export to U.S. - GoodsTotal India-U.S. Trade For the first time in2019, India surpass

47、edChina in number ofprojects and valueof FDI invested perproject. This trendcontinued in 2020(YTD) as well17Number of Greenfield FDI projects from United StatesAvg. Greenfield FDI per project (India)14. Upto FY 2020FY21(till Dec 20)300USD 37 MnUSD 33 MnUSD 48 Mn20251820192020(u

48、p to Nov 2020)52622 2630349520002008202.812USD 5.5 Bn4.1% of the total FDIUSD 28.8 Bn8% of the total FDI4.24.243.132.42.121.81.21.110.80.60USD (Bn)15. U.S. International Trade in Goods and Services,” United States Census Bureau, https:/www.censu

49、s.gov/foreign-trade/Press-Release/current_press_release/index.html16. U.S. International Trade in Goods and Services,” United States Census Bureau17. Invest India analysis based on data from FDI Markets, Financial Times (data includes estimates)A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECT

50、IVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES13A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES14*ONLY SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITY18AUTO AND AUTO COMPONENTS4th largest automotive marketin the world after China, USA and Japan5th la

51、rgest auto producing countryafter China, USA, Japan and GermanyWorldslargest two-wheelerand three-wheelermanufacturer Auto-components USD 57 Bn annualturnover (2019) 5 Mn total employmentin the sector (2019)ElectricMobility The electric vehicle marketin India is expected to bevalued at USD 2 Bn by 2

52、023 The EV component marketis expected to grow toUSD 12 Bn by 2025TRADE & FDIVehicles totaling nearlyUSD 10.4 Bnwere exported from India to the U.S. while imports from the U.S. totaled USD 5.6 Bnin the last five years19Between 2015-20, FDI equity inflow from the U.S. totaled USD 1.5 Bn,accounting fo

53、r 11 percentof U.S. FDI in India20FAME 2 (Faster Adoptionand Manufacturing Hybrid & ElectricVehicles): Outlay ofUSD 1.4 Bnfor a period of three yearscommencing 201918. EY and Invest India Research19. Ministry of Commerce Trade Data20. DPIIT FDI DataPOLICY SUPPORT AND GOVERNMENT INCENTIVESAlong with

54、reduction inimport duty on various categories of electric vehicles,100 percentFDI is permitted throughthe automatic routeAutomotive Mission Plan (2016-26) aims to developIndia as a leading automobile manufacturing hub in theworld with a turnover ofUSD 300 Bnby 2026BENGALURUPolaris Inc.HOSURTenneco I

55、nc.CHENGALPATTUCooper Standard Automotive Inc.GURUGRAMDayco ProductsMANESARBorgWarner Inc.MYSOREMeritor, Inc.CHENNAIFord Motor Company,Carlisle Companies Incorporated,Ross Controls India Pvt. Ltd.,Visteon CorporationTIRUVALLURStanadyne LLCNEW DELHIGoodyear Tire &Rubber CompanyPUNEAuto and Auto Compo

56、nentsSelect U.S. Companies*Haryana - Rajasthan - Uttar PradeshGujarat - Madhya PradeshMaharashtra - KarnatakaAndhra Pradesh - Tamil NaduRobertshaw,Altra Industrial Motion,Dana Inc.,Dura Automotive System,Garrett-Advancing Motion,Lear Corporation,Watson & Chalin Mfg., Inc.The market size forIndian ex

57、ports in autocomponents was USD 15.2 Bn,in 2018-19, while autoexports grew by14.5 percentin FY 2019 to 4.63 Mn unitsA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES15A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES16*ON

58、LY SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYBanking, Financial Services and InsuranceSelect U.S. Companies*GURUGRAMThe AmericanExpress Company,BlackRock, Inc.CHENNAIPayPal Holdings, Inc.BENGALURUGoldman Sachs Group, Inc.,Visa Inc.DAKSHIN KANNADAEnvoy MortgageNEW DELHIDMI Digital Management,

59、 LLC,Omnicom Group Inc.,Providence Equity Partners LLCHYDERABADWells Fargo & CompanyPUNEMastercard Inc.,John Deere FinancialMUMBAIBain Capital,The Bank of AmericaCorporation,The Blackstone Group Inc.,The Carlyle Group,Cigna, Citibank,Franklin TempletonInvestments,JPMorgan Chase & Co.,KKR & Co. Inc.,

60、Marsh & McLennan Companies, Inc., MetLife, Inc.,Morgan Stanley,Prudential Financial, Inc.,S&P Global Inc., Warburg Pincus LLC,Merrill Lynch, Pierce, Fenner & Smith Inc.,Ebix Inc., Invesco Ltd., New York Life Insurance Company,PineBridge Investments LLC, Reinsurance Group of America, Inc.,RGP (Resour

61、ces Connection, Inc.)GIFT CITYBank of AmericaMARKET OPPORTUNITYBANKING, FINANCIAL SERVICES AND INSURANCEIndia has 12 public sector banks,22 private sector banks,46 foreign banks, and43 regional rural banks21Total credit extended surged to USD 1.69 Tnin FY 2020. Depositshave grown at a CAGR of 13.93

62、percent FY 16 and FY 20 to reach USD 1.93 Tn22Indias bankingassets amounted toUSD 1.52 Tnin FY20. Between FY16 - FY20,bank credit grew at a CAGRof 3.57 percentCashlessIndia is a key feature of theDigital India Programme,a flagship campaign ofthe government of India. Its vision is to transform India

63、into a digitally empowered society andknowledge economyMobile wallet industry in India will grow at an estimatedCAGR of 150 percent to reachUSD 4.4 Bnby 2022. Mobile wallettransactions will touchUSD 492.6 Bn duringthe same period.24Digital payments marketis expected to reachUSD 1 Tnand digital lendi

64、ng inIndia is expected to beUSD 100 Bnby 2023Secondlargestdeal market in the APACregion in 2019 with over1,000 private equity andventure capital pactsvalued atUSD 45 Bn27Insurance penetrationis only 3.7 percent, estimated to be worthUSD 250 Bnby 202523AnInter-MinisterialSteeringCommitteeon FinTech r

65、elated issueshas been formed. It is headedby the Department of EconomicAffairs for discussing regulatorystandards, facilitating financialservices & promoting FinTech adoptionFDI caps in BFSI industries: Banking74 percent, FinTech100 percent, Insurance74 percent,and insurance intermediaries100 percen

66、tTRADE & FDIAlmost20 percentof the FDI equity inflowinto the sector in the lastfive years has been fromthe U.S.25In 2018, VC andPE funding from21 deals totaled toUSD 710 Mn26POLICY SUPPORT AND GOVERNMENT INCENTIVES21. “Invest India BFSI Sector Overview,” Invest India https:/www.investindia.gov.in/se

67、ctor/bfsi-banking | 22. https:/www.ibef.org/industry/banking-india.aspx23. EY and Invest India Research | 24. “Mobile app-based payments rise 163 percent to USD 287 billion in 2019: Report,” Economic Times, 16 June 2020. https:/ DPIIT FDI Data | 26. EY and Invest India Research | 27. “India sees PE,

68、 VC deals worth USD 45 bn in 2019, highest inflow in 10 yrs,” Outlook India, 13 May NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES17A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES18*ONLY SELECT LOCATION SHOWN FOR EACH

69、 COMPANY FOR BREVITYMARKET OPPORTUNITYCHEMICALSIndias chemical marketis worthUSD 180 Bn,estimated to be USD 304 Bn by 2025Demand of chemicalsis expected to grow9 percentper annum over the nextfive years and to employ anadditional two million peopleTRADE & FDIIndia is the14th largestexporter of chemi

70、calsand the8th largestimporter of chemicals (excluding pharma)28Import ofUSD 5.2 Bnof chemical products in the last five years29Total FDI ofUSD 17.6 Bnsince 2000Chemicalscontribute to 12.5 percentof total exports from IndiaThe government has set up4 Petroleum, Chemical andPetrochemical InvestmentReg

71、ions (PCPIR) in Gujarat, Odisha, Andhra Pradesh & Tamil Nadu respectively, where it shall provide supportfor development of petrochemicals units, including externalphysical infrastructure linkages like rail, road, port, airport,telecom through Viability Gap Funding (VGF)100 percentFDI allowed throug

72、hthe automatic route(except in the case of certainhazardous chemicals)POLICY SUPPORT AND GOVERNMENT INCENTIVESIndia is the3rd largestconsumer of polymersand contributes 3.4 percent to globalchemicals industry4th largestproducer of agrochemicalsafter USA, China and Japan; producer of 16 percentof the

73、 worlds dyestuff/intermediariesThe chemicals sector contributes to7.7 percentof Indias manufacturingGVAIndia is the6th largestin the world for chemicals sales 28. “Invest India Pharmaceuticals Sector Overview,” Invest India29. “Invest India Pharmaceuticals Sector Overview,” Invest India; Ministry of

74、 Commerce Trade Data30243725155ChemicalsSelect U.S. Companies*GUINDYGURUGRAMDuPont deNemours, Inc.,Honeywell International Inc.,Mary Kay Inc.PUNEAsk Chemicals,Milliken & Company, WEX Inc.NEW DELHIAgilent Technologies, Inc.,KoppersCHENNAIBuckman Laboratories Internati

75、onal, Inc.BENGALURU3M Company,Charles River Laboratories, Inc.,Momentive Performance Materials,Praxair, Inc.,The Valspar CorporationMUMBAIAlbemarle Corporation,Cabot Corporation,Chevron Phillips Chemical Company, LLC,The Dow Chemical Company,Huntsman Corporation,PPG Industries, Inc.,Ashland GlobalSp

76、ecialty Chemicals Inc.,Carboline,Diversey, Inc.,Kimberly-Clark Corporation,Michelman, Inc.,Rbp Chemical Technology,Sherwin-Williams,The Chemours Company,Tricon Energy Inc.International Flavors & Fragrances, Inc.Existing LNG TerminalsRefineriesUp-coming LNG TerminalsStates with Geographical Areas (GA

77、s) offered under the 10 CGD bidding roundsExisting GAs upto 9th roundGAs proposed under 10th roundExisting Gas PipelineAuthorised Gas PipelinePlanned Gas PipelineA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES19A NATURAL PARTNERS

78、HIP: UNITED STATES-INDIA FDI PERSPECTIVES20*ONLY SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITY30DEFENSE MANUFACTURINGIndia has the5th largestdefense budget in theworld, at USD 66.9 BnUSD 15 Bnallocated for capitalexpenditure Defense productionhas seen a80 percentincrease in th

79、e last five years, touching 12 Bn in 2019Plans to spendUSD 130 Bnon military modernizationover the next five yearsTRADE & FDIIndia exports militaryproducts worthUSD 1.3 Bnto 68 countriesDefense exports in the sameperiod have also witnesseda ten-fold increase as defense export permissions touchedUSD

80、1.5 Bnin March 2019 India holds a 15 percentshare in global arms import31Entry barriers for newentrants reduced whilevalidity of licensesincreased from3 to 15 yearsFor most aero components,100 percent FDIis permitted throughthe automatic route74 percent FDIallowed through theautomatic route and100 p

81、ercentthrough government route2 defense industrial corridorsproposed to leverage existingordnance factories, vendors,and private manufacturersin the regionPOLICY SUPPORT AND GOVERNMENT INCENTIVES30. “Invest India Defence Manufacturing Sector Overview,” Invest India. https:/www.investindia.gov.in/sec

82、tor/defence-manufacturing, EY and Invest India Research31. “Invest India Defence Manufacturing Sector Overview,” Invest India; Invest India Focus Sector Brochure1111492610Uttar Pradesh defence corridorTamil Nadu defence corridor6Defense ManufacturingSelect U.S. Companies*BENGALURUThe Boeing Company,

83、Textron Inc.GURUGRAMHughes NetworkSystemsNEW DELHINorthrop Grumman Corporation,United Technologies CorporationHYDERABADLockheed Martin Corporation,Raytheon TechnologiesIn Pipeline Aerospace ParksOrdnance FactoriesExisting Aerospace ParksDefence Research & Development Org.A NATURAL PARTNERSHIP: UNITE

84、D STATES-INDIA FDI PERSPECTIVES22*ONLY SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITY41977119Electronics System Design and ManufacturingSelect U.S. Companies*BENGALURUNEW DELHIAmphenol Corporation, Applied Materials, Broadcom Inc., Dell Inc., IBM Corporation, Intel Corporation,Nvidia

85、Corporation, Qualcomm, Texas Instruments Inc.Adi Electronics Manufacturing Technologies Pvt. Ltd., Analog Devices, Inc., Arrow Electronics, Avnet, Inc., Brady Corporation, Commscope Inc., Flex Ltd., LPG Photonics, Knowles, Molex, Llc, Moog, Inc., Mouser Electronics, Ni Systems, Nu Horizons Electroni

86、cs, On Semiconductor, Ondot Systems Inc., Palo Alto Networks Inc.Emerson Electric Company,Netgear, Inc.,Timex Group USA, Inc.,F5 Networks, Inc.NOIDAWestinghouse Electric Corp.,Boyd Corporation,Cadence Design Systems, Inc.,ProdelinCHENNAIAnixter International, Inc.,Venture Lighting International Inc.

87、SALEMTalema ElectronicKOCHICema Electric Lighting ProductsHYDERABADDanlaw, Inc., Micron Technology, Inc.,Tecumseh Products, WatlowKOLKATAMarathon ElectricGURUGRAMApple Inc.,Corning Inc.,Whirlpool Corporation,Xerox Corporation,Aviat Networks Inc.,Bose Corporation,Viavi Solutions Inc.,American Tower C

88、orporationAHMEDABADInductothermGroupMUMBAIKodak,Celetronix USA, Inc.,Dish Network Corporation,Kingston Technology CorporationINDOREFlipchip ElectronicsPvt. Ltd.PUNECummins Corporation,Jabil Inc.,Williams Controls Inc.Electronic ClustersA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NAT

89、URAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES21TRADE & FDI34Indian ESDM marketis valued atin 2019-20. It is expected to reachby 2025-26USD 118 MnTotal imports went up fromUSD 38 Bn to in the last six yearsUSD 54 BnIndian exports of

90、electronicdevices totalledin 2019-20USD 11.7 BnUSD 400 BnOverin domestic productionin over five years332.5x growthIndias share in global electronics manufacturing has grown from 1.2 percent in 2014-15 toin 2019-202.6 percentConstitutesof Indias GDP and accountsfor more thandirect jobs2.7 percent2 mi

91、llionMARKET OPPORTUNITY32POLICY SUPPORT AND GOVERNMENT INCENTIVES35Promotion of ElectronicComponents andSemiconductors (SPECS):on capital expenditureon a reimbursement basis25 percentincentiveModified ElectronicsManufacturing ClustersScheme (EMC 2.0):financial incentives of up toof project cost to b

92、e awarded under the scheme50 percentPreferential market access:preference for domesticallymanufactured electronicproducts in governmentprocurement due to anemphasis on thecampaignMake in IndiaELECTRONIC SYSTEMS AND DEVICE MANUFACTURING32. “Invest India ESDM Sector Overview,” Invest India https:/www.

93、investindia.gov.in/sector/electronic-systems33. Invest India Sector Brochure | 34. Invest India Sector Brochure | 35. EY and Invest India ResearchA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES23A NATURAL PARTNERSHIP: UNITED STAT

94、ES-INDIA FDI PERSPECTIVES24*ONLY SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITY36ENERGY AND RENEWABLESRenewable energy in Indiahas a potential of1,000+ GW,of which 89.22 GW hasalready been installed asof September 2020375th largestrenewable energyinstalled capacity5th largestfo

95、r solar and4th largestfor windTarget to set up450 GWof renewable energyby 2030, with an investment opportunityof over USD 30 BnannuallyPower demand projected to double to2,336 TWHby 2027 from 1,142 TWH in 20183rd largestenergy and oil consumerin the world, imports80 percentof its crude oil requireme

96、nt38TRADE & FDIIn the last five years,India exportedUSD 14.7 Bnworth of mineral fuels and oil to the U.S. and imported mineral fuels and oil totalingUSD 21.4 Bn39Total FDI in thenon-conventional energysector between April 2000and June 2020 wasrecorded asUSD 9.5 Bn40India aims to increase pipeline ne

97、twork from 17,000 kms to32,000 kmsby 2025 and envisages to open10,000 CNGstations by 202836. EY and Invest India Research | 37. Monthly Summary for the Cabinet for the Month of September 2020,” Ministry of New & Renewable Energy, Government of India, 15 October 2020.mnre.gov.in/img/documents/uploads

98、/file_f-99.pdf | 38. Invest India Sector Brochure39. Ministry of Commerce Trade Data | 40. “Invest India Renewable Energy Sector Overview,” Invest India. https:/www.investindia.gov.in/sector/renewable-energyPOLICY SUPPORT AND GOVERNMENT INCENTIVES100 percentFDI is permitted in the automat

99、icroute for the renewable energy,and energy and petroleumsectors, while49 percentis the cap for the refining sectorInvestments of USD 6.5 Bnto enable the flow of renewable energy into the national gridA NationalClean EnergyFund (NCEEF)has been set up to fund cleanenergy initiatives11119GW84GW45GW56G

100、W34GW44GW10GW1111155Energy and RenewablesSelect U.S. Companies*NEW DELHIAlcoa Corporation,Schlumberger LimitedNOIDAGE PowerBHUBANESWARThe AES CorporationBENGALURUExxonMobil Corporation,GE EnergyMUMBAIBaker HughesCompany,Caltex(Chevron Corporation),First Solar, Inc.,Halliburton CompanyPUNE

101、HuscoInternational, Inc.Wind Power Potential at 100m.Solar ParksWind Power Potential in India0708090100A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES25A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES26*ONLY

102、 SELECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITYFOOD PROCESSINGIndia has thelargestlivestock, milk and milletsproduction in the world44Indian food industrys outputis expected to reachUSD 535 Bnby 2025-26PM KisanSAMPADAYojanais a comprehensive package which will result in the cre

103、ation of modern infrastructure with efficient supply chain management from farm gate to retail outletGovernment approval of37mega food parks (20 operational) and 309 cold chain projects with over8,000cold storage facilities100 percentFDI through the automatic routeTRADE & FDI45Food processing holds

104、a 10.7 percent share in Indias total exports, atUSD 32.7 Bnin 2019-20FDI inflow in food processingsector, between April 2000and September 2020, stood atUSD 10.20 Bn.Of this, USD 4.37 Bn wasreceived between April 2014and September 2020American FDI accountsfor four percent of theUSD 544 MnFDI inflow i

105、n the last five years POLICY SUPPORT AND GOVERNMENT INCENTIVES46India has the6th largestfood and grocery marketin the world.41 Food and retail marketis worth USD 830 Bn Indian dairy industry isvalued at USD 140 Bn;food processing industryis worth USD 159 Bn42By 2030, household consumption is expecte

106、dto be thrice its size,making India the 5th largestconsumer43Food processingaccounts for16 percentof factories and providesemployment to11.36 percentof workforce41. “Indian Food Processing,” Indian Brand Equity Foundation (ibef), November 2019. https:/www.ibef.org/industry/indian-food-industry.aspx4

107、2. EY and Invest India Research, https:/www.investindia.gov.in/sector/food-processing | 43. Invest India Sector Brochure 44. “Invest India Food Processing Sector Overview,” Invest India, https:/www.investindia.gov.in/sector/food-processing45. DPIIT FDI Data; “Invest India Food Processing Sector Over

108、view,” Invest India; Ministry of Commerce Trade Data | 46. EY and Invest India Research49225721437PUNEMTD Products,Preferred Brands International Inc.,TastyBite Eatables Ltd.BENGALURUGriffith LaboratoriesGURUGRAMSubway,Wend

109、ys,Cargill, Inc.,PepsiCo, Inc.,Conagra Brands, Inc.,The Mosaic Company,Wrigley Company,Del Monte Foods, Inc.,Archer-Daniels-Midland,The Coca-Cola CompanyGUNTURUniversal Leaf Asia Pvt. Ltd.(Universal Corporation)NEW DELHIMars International, Inc.,Pizza Hut,McDonalds CorporationINDOREFlavorite Technolo

110、giesPvt. Ltd.THANEDuravant LLCMUMBAIKFC,Baskin-Robbins,Burger King,Dominos Pizza, Inc.,The Kellogg Company,Godrej Tyson Foods Ltd.,Mondelez International, Inc.,Schreiber Dynamix Dairies Ltd.NOIDACarls Jr. Restaurants LLC,Dunkin DonutsMANDIDEEPThe Hershey CompanyCHENNAIKemin IndustriesFood Processing

111、Select U.S. Companies*MeatDairyIrradiationMega Food ParksFruits and VegetablesMarineReady-to-eatMulti-commodityA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES27A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES28*ONLY SE

112、LECT LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITY47IT-BPMThe IT-BPM industry in India stood atUSD 177 Bn in 2019, with more than 55 percent share in global outsourcing marketExpectedto grow toUSD 350 Bn by 2025Totalworkforce grew to4.14 millionin 2019Talent pool of450,000 - 500,000d

113、igitally skilledworkforceIndia has over17,000firms, of which morethan 1,000 are large firmswith over 50 deliverylocations in the country2nd fastestgrowingData Centrein the APAC regionTRADE & FDI48Largest exporter in the world, with43 percentof all IT-BPM services being exported in 2018Share in total

114、 FDI inflows between April 2000 and March 2020 is9.5 percentGrowth of500 percentin FDI between 2014 and 2017Setting up ofSpecial EconomicZonesand software technology parks (scheme for providing facilities to IT industry for undertakingsoftware development andIT enabled service)47. “Invest India IT I

115、ndustry Overview,” Invest India https:/www.investindia.gov.in/sector/it-bpm48. “Invest India IT Industry Overview,” Invest India https:/www.investindia.gov.in/sector/it-bpmPOLICY SUPPORT AND GOVERNMENT INCENTIVESUp to100 percentFDI permitted in dataprocessing, software development, computerconsultan

116、cy services andsoftware supply servicesFor start-ups,100 percentfunding from Foreign Venture Capital Investors(FVCIs) is permitted BENGALURUCHENNAICognizant,PayPal Holdings, Inc.HYDERABADCisco Systems, Inc.,Facebook Inc.,Infor Global Solutions,Microsoft Corporation,Qualcomm,Google LLCPUNEBMC Softwar

117、e, Inc.,Symantec SoftwareGURUGRAMAdobe Inc.,Amazon Development Centre,EXL Service Inc.,S Inc.MUMBAIAvaya,Oracle CorporationIT-BPMSelect U.S. Companies*Electronics ClustersIT-BPM ClustersCitrix,IBM Corporation,Intel Corporation,Akamai Technologies, Inc,.Honeywell Technology Solutions,Intuit Inc.,Syno

118、psys,Target Corporation,ThoughtWorks,VMware Software,DXC Technology,The Hewlett Packard Enterprise CompanyA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES29A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES30*ONLY SELECT

119、LOCATION SHOWN FOR EACH COMPANY FOR BREVITYMARKET OPPORTUNITY49PHARMACEUTICALS AND BIOTECHNOLOGYSupplier of60,000low-cost generic medicines, vaccines and affordable HIV medicines in the worldThe biotech market inIndia is worthUSD 62.5 Bn(2019) and is expected toreachUSD 150 Bnby 2025.TRADE & FDIU.S.

120、 is the largest exportingpartner of India by country:In the last five years, pharma products worthUSD 29 Bnhave been exported to the U.S.52Total sectorFDI inflow is USD 16.5 Bnsince 200053Indian pharmaindustry is worthUSD 41 Bn2nd highestnumber of FDA approvedplants in the world50India holds12 perce

121、ntof all global manufacturingsites catering to theU.S. marketManufactures500+different Active PharmaceuticalIngredients (APIs)Cost of manufacturingin India is33 percentlower than in the U.S.5149. EY and Invest India Research; “Invest India Pharmaceuticals Sector Overview,” Invest India. https:/www.i

122、nvestindia.gov.in/sector/pharmaceuticals, 50. Invest India sector brochure51. “Invest India Pharmaceuticals Sector Overview,” Invest India.52. Ministry of Commerce Trade Data, “Invest India Pharmaceuticals Sector Overview,” Invest India. | 53. “Invest India Pharmaceuticals Sector Overview,” Invest I

123、ndia.POLICY SUPPORT AND GOVERNMENT INCENTIVES100 percentFDI through the automaticroute for greenfield projectsFor brownfield investments,74 percentFDI is permitted in theautomatic routeProduction Linked IncentiveScheme: promotion of domestic manufacturing of 53 crucial APIs in the country withfinanc

124、ial implications of USD 938 Mnfor next eight years and domesticmanufacturing of medical deviceswith financial implications of close to USD 500 MnMedical Devices Park: a maximum grant-in-aidof nearlyUSD 13 Mnper park has beenprovided to states topromote medical device parks GURUGRAMAkorn Inc.,Amway,E

125、li Lilly and Company,Baxter International Inc.,Bio-Rad Laboratories, Inc.NEW DELHIPromega Corporation,PSI InternationalBADDIJohnson & JohnsonSOLANAbbott HealthcareMUMBAIHYDERABADMylan N.V.ANDHRA PRADESHMylan Laboratories,Pfizer,AmnealBENGALURUThermo Fisher Scientific,Codexis, Inc.,UnitedHealth Group

126、 Inc.Pharmaceuticals and BiotechnologySelect U.S. Companies*Abbott Laboratories,Bristol-Myers Squibb Company,Johnson & Johnson,Merck & Co., Inc.,Pfizer Inc.,Amgen Inc.,Elanco Animal Health,Fulford (India) Subsidiary of MSDCaptive R&D UnitsContract R&D UnitsOperational Biotech ParksEstablished Bulk D

127、rug ClusterEstablished Formulation ClusterEmerging Bulk Drug ClusterEmerging Formulation ClusterA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES31A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES32*ONLY SELECT LOCATION S

128、HOWN FOR EACH COMPANY FOR BREVITYRESEARCH AND DEVELOPMENTMorethan 100of the Fortune 500companies have R&Dfacilities in India1,140R&D centers of MNCsin India provide jobs to900,000professionalsIndia is the seventh-largest R&D spender in the world, withUSD 48.1 BnR&D spending constituting2.7 percent o

129、f the global share54Largest number of graduates each year at78 million;2.6 million are from STEMfields (science, technology, engineering, and math)55Indias R&D exports have more thandoubledin just three years from USD 1.5 Bn in 2015-16 toUSD 3.6 Bn in 2017-18India hoststhe most number oftechnology R

130、&D centersoutside home countriesof MNCs54. Invest India Sector Brochure55. Invest India Website, https:/www.investindia.gov.in/team-india-blogs/research-and-development-india-overviewMARKET OPPORTUNITYTRADE & FDIIndia accounted for 40 percent orUSD 13.4 Bnof the total USD 34 Bnof globalized engineer

131、ingand R&D in 2016R&D in engineeringmarket to reachUSD 42 Bnby 2022Cost of hiring a researcher in India is1/5ththe cost of hiringin the U.S.Total patents in Indiahave doubled, from 30,822 in 2008 to60,777in 2017POLICY SUPPORT AND GOVERNMENT INCENTIVESResearch and DevelopmentSelect U.S. Companies*HYD

132、ERABADDuPont de Nemours, Inc.,Google LLC,Honeywell International Inc.,Intel Corporation,Microsoft CorporationMUMBAIAbbott Laboratories,Applied Materials, Inc.NEW DELHIAppliedMaterials, Inc.NOIDAAdobe Inc.BENGALURUAdobe Inc.Applied Materials, Inc.,Cisco Systems, Inc.,Dell,Google LLC,IBM Corporation,I

133、ntel Corporation,Microsoft Corporation,Texas Instruments Inc.,3M CompanyCHENNAIApplied Materials, Inc.,Ford India Pvt Ltd.,Pfizer Inc.A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI P

134、ERSPECTIVES3334U.S. Industry Leaders on IndiaIndia is one of the largest and fastest-growing economies in the world,and our investments will further develop the country as a critical marketfor HPEs global business, as well as benefit our customers, partners,employees and the citizens of India.56Anto

135、nio Neri,President and CEO,Hewlett Packard Enterprise“The timing of the PLI scheme is very, very strategic, very smart. Indiasalready been attracting manufacturing to relocate there. Its a questionof how deep that manufacturing goes.57Jim Cathey,Senior Vice President and President,Qualcomm Global Bu

136、sinessThe 21st century is going to be the Indian century The dynamism,the energy, the people are interested in self-improvement, in growth. This country has something special - it is democracy.“Jeff Bezos,CEO,A Inc.56. “Hewlett Packard Enterprise to invest $500 million for India growth,” The Economi

137、c Times, 25 July 2019. https:/ “PLI scheme to bring production to India: Jim Cathey, President, Qualcomm,” The Economic Times, 7 August 2020. https:/ “Within Bain, India is seen as benchmark on how to enter and penetrate a market: Manny Maceda, Global Managing Partner,” The Economic Times, 20 March

138、2019.https:/ managing-partner/articleshow/68492319.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The point of view of external companies investing in India, both privateequity investors as well as strategic investors, is disproportionately in favour of India compared with the o

139、ther markets. Look at the demographics,you have big chunks of the 1.3 billion population that are going to turn into consumers. So India will be differentially attractive. We expect the reformsand the government changes to continue. There is super abundance of capital around the world and theyre say

140、ing where do we deploy - its here.58“Manny Maceda,CEO,Bain & CompanyWithin 30 years of our establishment in India, PepsiCo India has grownexponentially to emerge as the largest food & beverage company in thecountry. On account of such a tremendous growth, PepsiCo India hascommitted to invest over US

141、D 2.1 Bn in the country over a five-yearperiod ending in 2022.59Vishal Kaul,Vice President and Business Head of Beverages,PepsiCo India“India has a lot of capacity there - with the drug and vaccine companiesthat are huge suppliers to the entire world. You know, more vaccines aremade in India than an

142、ywhere- starting with Serum Institute, thats the largest.60Bill Gates,Co-chairman and co-founder,Bill & Melinda Gates FoundationIndia is a big market. Not all states generate at the same speed. But I amcertain that it will make a very big difference in the Indian grid over timeI think India will be

143、one of the biggest markets, and that too with a veryambitious renewable programme.61“Andres Gluski,President and CEO,Aes CorporationPotentially, India can emerge as a manufacturing hub for F-16. Just asthe aviation industry has grown in Turkey over the years for F-16 andfighter planes, there is pote

144、ntial for India to become a major hub for F-16. F-16 could potentially put India in the global supplies chain.“Phil Shaw,Former Chief Executive,Lockheed Martin India59. “PepsiCo India has grown exponentially to merge as the largest Food & Beverage company in India,” Business Insider, 24 July 2020. h

145、ttps:/www.businessinsider.in/business/news/pepsico-india-has-grown-exponentially-to-emerge-as-one-of-the-largest-fb-companies-in-india/articleshow/77146014.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst 60. “Indian pharma industry capable of producing Covid-19 vaccines for entir

146、e world: Bill Gates,” The Economic Times, 16 July 2020.https:/ “India Could Establish Itself As A Leader For The Region In Energy Storage,”Business Today, 22 September 2019. https:/www.businesstoday.in/magazine/the-hub/india-could-establish-itself-as-a-leader-for-the-region-in-energy-storage/story/3

147、76789.htmlA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES3536We are increasingly seeing people apply AI to address big challenges.Therefore, we have made research in AI for Social Good one of thekey focus areas of Google Research

148、 India the AI lab we started in Bengaluru last year in September.62“Manish Gupta,Director,Google Research India62. “Google Funds AI Research Projects in India for Social Good,” Analytics Insight, 19 February 2020.https:/ our global operations center in Hyderabads Silicon Valley isbeneficial to our d

149、igital transformation. Im very excited about the valuethe center is bringing to many of our functions in the company.“Aldo Noseda,Vice President and Chief Information Officer,Eastman Chemical CompanyA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESOpportunities for InvestmentsGlobal supply

150、 chains have shifted, and continue to shift, considerably, in the wake of the pandemic. They have provided an added incentive to Indias rapidly transforming manufacturing driven economy. The government of Prime Minister Narendra Modi has eased many FDI regulations to make India a favored destination

151、 of investors and drive the countrys manufacturing capabilities. Key sectors such as aviation, automobiles, capital goods, e-commerce, IT-BPM, pharmaceuticals, financial services and renewable energy, all of which are pillars of the Indo-U.S. bilateral relationship, have been opened to 100 percent F

152、DI through the automatic route. Defense manufacturing, too, a cornerstone of the relationship, has been opened to 74 percent FDI through the automatic route, an increase from the previous 49 percent. In addition to its policy recalibration, India is home to a vibrant working age population which is

153、expected reach 800 million by 2050.63 It also has over 735 million internet users as of March 202164 and is the second-largest smartphone market in the world. With the availability of cheap data, the internet has become, in many ways, the driver of Indias growth. As the events of 2020 have shown, th

154、e reliance on the internet and internet driven activites has only furthered emerging sectors such as ed-tech, digital health and artificial intelligence in defense that are creating optimal opportunities for American investors.ED-TECHIndias ed-tech industry, with 327 companies, is the second largest

155、 in the world, after the U.S. Even so, at the end of 2019, ed-tech platforms in India had only 10 million subscribers despite a school-going population of 250 million. Therefore, there is scope for tremendous growth. Indian ed-tech boomed during the lockdown and platforms welcomed millions of new su

156、bscribers each month. In March 2020, Byjus added six million new students while Unacademy added one billion watch minutes and Topprs free user engagement grew 100 percent.65 Extra-curricular activities online, a USD 10 Bn industry, are also immensely popular, especially for younger children. These c

157、ompanies are also among the 14 companies that have attracted investments since March 2020. In the first quarter of 2020, Facebook invested USD 4 Mn and USD 1 Mn in Byjus and Unacademy, respectively.66 Byjus is in talks to raise another USD 400 Mn in fresh capital which would push its evaluation to U

158、BD 10 Bn, the second most valuable start-up in India after Paytm.67 Indian ed-tech startups have seen a total investment of USD 2.22 billion in 2020 as compared to USD 553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data.63. “This animation

159、 shows China and Indias populations are ageing at different rates,” World Economic Forum, 30 January 2020. https:/www.weforum.org/agenda/2020/01/demographics-china-india-diverging/ | 64. https:/www.trai.gov.in/sites/default/files/PR_No.16of2021.pdf I 65. ”14 Indian edtech startups raised funds amid

160、the COVID-19 pandemic,” Business Insider, 11 May 2020.” https:/www.businessinsider.in/business/startups/news/14-indian-edtech-startups-raised-funds-amid-the-covid-19-pandemic/articleshow/75667869.cms?utm_source= contentofinterest&utm_medium=text&utm_campaign=cppst | 66. ”14 Indian edtech startups ra

161、ised funds amid the COVID-19 pandemic,” Business Insider, 11 May 2020.https:/www.businessinsider.in/business/startups/news/14-indian-edtech-startups-raised-funds-amid-the-covid-19-pandemic/articleshow/75667869.cms67. “Indian edtech startups see investment of $2.22 bn in 2020, shows data,” Business S

162、tandard, 18 December 2020. https:/www.business- edtech-startups-see-investment-of-2-22-bn-in-2020-shows-data-1_1.htmlA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES3738Indias e-commerce market is set to grow at a CAGR of 30 percent for gross merchandise value to be worth USD 2

163、00 Bn by 2026 from USD 38.5 Bn in 2017. It is expected to surpass the U.S. to become the second largest e-commerce market globally by 2034.71The government has also permitted 100 percent FDI through the automatic route in e-commerce marketplace model (in B2B ventures).72The promotion of cashless mod

164、es of payments, particularly through the governments Unified Payments Interface (UPI), has inspired a dramatic shift in Indias retail markets.In February 2020, 1.32 billion transactions were made through UPI platforms, amounting to a total of USD 31.7 Bn.73 By 2025, India will have 530 million onlin

165、e shoppers, a number which inspires growth in the sector. Micro, Small and Medium Enterprises (MSMEs) contribute to about 30 percent of the GDP. There are over 63.3 Mn MSME units in India.74 The focus on MSMEs and efforts to increase their presence on e-commerce platforms will also be a key growth f

166、actor.75E-COMMERCEA NA NA AT TU UR RA AL L P PA AR RT TN NE ER RS SH HI IP P: : U UN NI IT TE ED SD ST TA AT TE ES S-I -IN ND DI IA A F FD DI I P PE ER RS SP PE EC CT TI IV VE ES SDIGITAL HEALTHIndia aims to attain Universal Health Coverage (UHC) by 2030. Ayushman Bharat Mission with its two compone

167、nts-Pradhan Mantri Jan Arogya Yojana (PMJAY) and Health and Wellness Centers (HWCs)aims to enable UHC.68 Rapid urbanization, leading to increasingly sedentary lifestyles has resulted in a sharp increase in non-communicable or lifestyle diseases such as diabetes and heart conditions. Due to populatio

168、n densities, the risk of communicable diseases is also higher. India ranks 145 out of 195 countries in the Healthcare Access and Quality (HAQ) Index.69At the same time, the digital health market in India is projected to be worth USD 505.4 Bn by 2025, from USD 86.4 Bn in 2018, growing at a CAGR of 29

169、.6 percent. Future Health Index (FHI) found that 76 percent of healthcare professionals in the country are already using Digital Health Records (DHRs) in their practice and that 87 percent of Indians with access to their digital health record say they want their healthcare professionals to have acce

170、ss as well. The positive receptivity to digital health ensures its long-term success in India.70The U.S. is the global leader in investments in digital health. Indias success with Aarogya Setu during this pandemic has proved the market readiness for more permanent ventures in this sector. As interne

171、t penetration increases and awareness grows, digital health will be a gamechanger for India.ARTIFICIAL INTELLIGENCEArtificial Intelligence (A.I.) has the potential to add USD 957 Bn, or 15 percent of Indias current gross value in 2035.76 The manufacturing sector in India could grow its share-of-prof

172、it by 39 percent by incorporating A.I.-powered systems. India already has the third highest penetration of A.I. in the workforce. It also has the third highest early A.I. adopting companies, at 19 percent.77Since the early 1990s, the IT and ITeS services sector in India has been of tremendous import

173、ance to its economy eventually growing to account for 7.7 percent of Indias GDP in 2016. Services such as call centers and BPOs have a significant potential opportunity to cater to the demand for data cleaning and human-augmented A.I. training.78A.I. in E-Commerce: Early in 2020, Amazon announced a

174、USD 1 Bn investment into itsIndia business operations and committed to long-term investment in technology andinfrastructure in India, of which A.I. is a critical technology.79 Focused on buildingA.I.-based products, Flipkart is expanding its presence in the Silicon Valley in the U.S.through F7 Labs,

175、 Flipkarts U.S.-based research arm in Palo Alto.80Defense: The Indian military announced last year that it would begin integrating A.I. over the next two years. The technology will be developed for both constructive (helping in decision making) and destructive (targeting enemy military capabilities)

176、 purposes over time. Already, the Ministry of Defense constituted a multi-stakeholder task force on Strategic Implementation of Artificial Intelligence for National Security in February 2018. Defense Public Sector Undertakings (DPSUs) and ordnance factories have also been requested to build A.I.-ass

177、isted products.81Agriculture: The sector is looking for ways to leverage technology for better crop yield. The government of India has signed an MoU with IBM to use A.I. to secure the farming capabilities of Indian farmers. IBM has started a pilot study to use A.I.-based technology and satellite tec

178、hnology to monitor the agriculture sector of the country. The government of Karnataka has signed an MoU with Microsoft to empower smallholder farmers with A.I.-based solutions to help them increase income and price forecasting practices.8268. https:/ ” India 145th among 195 countries in healthcare a

179、ccess, quality: Lancet,” The Hindu, 23 May 2018. https:/ in-healthcare-access-quality-lancet/article2397021470. ”Digital Health in the Aftermath of COVID-19,” Invest India, 9 May 2020. https:/www.investindia.gov.in/siru/digital-health-aftermath-covid-1971. ”E-commerce Industry in India,“ India Brand

180、 Equity Foundation, June 2020. https:/www.ibef.org/industry/ecommerce.aspx72. Invest India research https:/www.investindia.gov.in/sector/retail-e-commerce73. UPI usage at all-time high, February records 132 crore transactions,” Money Control, 3 March 2020.74. “Indias MSME sector swells, adds these m

181、any enterprises in FY20; micro businesses dominate,” Financial Express, 23 Marh 2020.https:/ 75. ”E-commerce Industry in India,“ India Brand Equity Foundation, June 2020.76. ” THE ERA OF AI IS NOW,” Accenture, 2017. https:/ ” Budget 2019: India serious about investing in Artificial Intelligence,” Li

182、veMint, 1 Feb 2019. https:/ artificial-intelligence-04.html78. ” Artificial Intelligence in India Opportunities, Risks, and Future Potential,” Emerj, 24 November 2019. https:/ Amazon in India: Jeff Bezos announces USD 1bn Indian investment,” BBC, 15 January 2020. https:/ “Artificial intel

183、ligence at Indias top ecommerce firms- Use Cases from Flipkart, Myntra, and Amazon India,” Emerj, 11 March 2020. https:/ ” Army plans to induct AI to bolster capability,” Economic Times, 25 September 2019. https:/ capability/articleshow/71298874.cms?utm_source=contentofinterest&utm_medium=text&utm_c

184、ampaign=cppst82. ” Karnataka govt inks MoU with Microsoft to use Artificial Intelligence for digital agriculture,” Indian Express, 27 October 2017. https:/ govt-inks-mou-with-microsoft-to-use-artificial-intelligence-for-digital-agriculture-4909470/The U.S. is thesecond largestrecipient of outgoing F

185、DI from India83Indian IT Industry added USD 57 Bnto the U.S. GDP, employing over 175,000 workers in the U.S.86Texas, New York, New Jersey, Florida, Massachusetts and California were the largest recipients of FDI from India with a combined account of nearlyUSD 16 Bn(June 2020)85Indias Footprintin the

186、 U.S.INDIAN INVESTMENT IN THE U.S.In FY 2020, the U.S. was Indias largest goods trading partner with total value ofUSD 88.75 Bn88U.S. energy exportsto India increased from zero a few years ago toUSD 8 Bnin 201991As many as155Indian companies have investedUSD 22 Bnin the U.S. and created nearly125,00

187、0jobs in the country84Indian firms have investedUSD 4 Bnin U.S. shale gas assets87Trade in services with India (exports and imports) totaled an estimatedUSD 54.1 Bnin 2019, increasing from USD 2 Bn in 199589India is the6th largestbuyer of American LNG,92with overUSD 30 Bncontracts signed (2019)93Bil

188、ateral defense trade increased from less than USD 1 Bn in 2008 toUSD 18 Bnin 201990BILATERAL TRADEAbout8 percentof all high-technology firms in the U.S. were founded by Indian Americans95Indian students contributedUSD 7.5 Bnto the U.S. economy in 2017-1898Nearly4 millionpeople of Indian origin live

189、in the U.S.94Indian diaspora in the U.S. is the highest earning group with median income ofUSD 107,00096Indian Americansconstitute 1 percentof the Americanpopulation and owna thirdof all Silicon Valleystartups2 percentof the Fortune 500companies including Microsoft, Alphabet, Adobe, IBM, MasterCard,

190、 Deloitte, FedEx, Harman, Palo Alto Networks, WeWork, Micron, NetApp, Citibank are led byIndian-AmericanCEOs97INDIANS IN THE U.S.A NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPE

191、CTIVES394093. https:/ https:/ https:/ ticleshow/76396893.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst85. https:/ NASSCOM87. https:/ https:/ https:/ustr.gov/countries-regions/south-central-asia/india#: | 90. https:/www.orfonline.org/research/india-us-defence-trade-continuity-un

192、der-trump-68919/91. https:/ https:/ https:/ https:/ https:/ https:/ India-U.S. Relationship, Invest India Magazine, Nov 2019Invest India One-Stop Shopfor Investing in IndiaWe are Indias National Investment Promotion & Facilitation Agencyand your single window to investing in India.GOVERNMENT Centre/

193、States Foreign Mission/AgenciesINDUSTRYINVEST INDIAAssociations/Corporations Professional Advisors/Academia Our Services:Some Notable Accolades:Stakeholder MeetingPolicyAdvisory/Represen-tationIssueResolutionSiteVisitsProvidingResearchContentLocationAnalysis2019 | 201820162020 | 20192018 | 2017 | 20

194、16Invest India organized a business roundtable chaired by Prime Minister Narendra Modiin New York, September 2019.In the backdrop of the Strategy Energy Partnership, Invest India organized an energy roundtable chaired by Prime Minister Narendra Modi in Houston, September 2019 with17 of the largest o

195、il and gas, petrochemical, and energy companies in the U.S.CREATING AWARENESS AND ENGAGEMENTglobal captainsof industryFrom acrosssectors4220Combined net worth ofUSD 16.4 Tn,of which net worth in India isUSD 50 TnA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED

196、 STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES41422020 | 20182016I congratulate Invest India for winning the 2020 United Nations Investment Promotion Award. The award by United Nations Conference on Trade and Developmentis a shining testament to the hope an

197、d confidence the world reposes in India as a reliable partner.“Narendra Modi,Prime MinisterRegulatory ClearanceFacilitationThe India-U.S. CEO Forum serves to highlight key issues that affect business entities and to identify areas for collaboration for mutual benefit to both economies.Last held on 1

198、4 February 2019 in New Delhi, on the sidelines of the India-US Commercial Dialogue, the Forum comprised CEOs from both countries and was co-chaired by Mr. N. Chandrasekaran, chairman of the Tata Sons and Mr. James Taiclet, chairman, president and CEO of American Tower Corporation.Invest India extend

199、ed its support to Department for Promotion of Industry and InternalTrade (DPIIT) to strengthen the ties between the two countries through this bilateral initiative.The Invest India Business Immunity Platform (BIP) was designed as a comprehensive resource to help businesses and investors through the

200、COVID-19 pandemic. The dynamic platform provided real time information on Indias active response to the virus and on various central and state government initiatives. Through the strictest months of the coronavirus- related lockdown, BIP helped hundreds of businesses sustain operations, especially t

201、hose whose services were indispensable during those months. The platforms success has been noted and appreciated by many stakeholders and international organisations. THE INVESTORS STORIESLarge U.S. Industrial ProcessAutomation ManufacturerSTATE-OF-THE-ART INTEGRATED MANUFACTURING PLANT TO MEET DOME

202、STIC ANDGLOBAL DEMAND. MAKE IN INDIA-MAGNETIC MAHARASHTRA.OCT17Emerson approachesInvest India for assistance with establishing newplant in Chakan, Pune.OCT17Emerson approachesInvest India for assistance with establishing newplant in Chakan, Pune.JAN18Land is allotted to Emerson.JAN18Land is allotted

203、 to Emerson.JAN19Invest India supportsin expediting the roadand other infrastructure support around the site.JAN19Invest India supportsin expediting the roadand other infrastructure support around the site.JUL19Invest India facilitates special approval for four MVA feeder line (dedicated power to pl

204、ant).JUL19Invest India facilitates special approval for four MVA feeder line (dedicated power to plant).JAN20-JUL20Invest India facilitates customs approval forcritical materials stuckat the port, along with statutory approvals likeCTE, CTO, and factory license.JAN20-JUL20Invest India facilitates cu

205、stoms approval forcritical materials stuckat the port, along with statutory approvals likeCTE, CTO, and factory license.DEC20Plant Inaugurated.DEC20Plant Inaugurated.Emersons latest investment in building a world class manufacturing facility in India has been possible with a lot of support from Inve

206、st India. The allocation of dedicated account managers, whose assistance right from land allotmentfrom the Ministry of Industries to expediting approvals withvarious government bodies, has been extremely valuable. Emerson is very confident, with continued support ofInvest India, all the balance infr

207、astructure development aroundthe site will be expedited and completed as per the schedule.Invest India has set a brilliant example for quick and effective response to the needsof investors in times of global crisis. Your best practices merit replication by manyIPAs worldwide.We compliment, WAIPA vic

208、e president Invest India on proactively starting this excellent initiative - the Business Immunity Platform (BIP). With 24/7 support & best practices for businesses, BIP is the gold standard for IPAs across the world. A testament to Governments dedication & sensitivity!“Anil Bhatia,VP & MD,Emerson A

209、utomation Solutions, IndiaSite photo March 2018Site photo June 2020BUSINESS IMMUNITY PLATFORMA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES4344“James Zhan, Director,Inve

210、stment and Enterprise United Nations Conference on Trade and Development“Bostjan Skalar, Executive Director - CEOWAIPA (World Association of Investment Promotion Agencies) FEB18MoU is signed between Emerson and state government.MAR 18Infrastructure development commences.JUL18Invest India helps in ob

211、taining various construction, establishment, and environmental permits.OCT18Invest India assists in shifting electricals poles from allotted land to pave way for construction.NOV18Construction ofplant begins.MANUFACTURING AND R&D CENTRES; USD 300 MN; 1500 JOBS.French Automobile ManufacturerJUL15Inve

212、stor raises query on Make in India portal.JUL15Investor raises query on Make in India portal.Invest India reachesout to the investor to understand: Investment interests RequirementsInvest India reachesout to the investor to understand: Investment interests RequirementsCustomized Indiaopportunity pit

213、ch report: Market entry Opportunities Supply chain and logistics Competition matrix Location assessmentCustomized Indiaopportunity pitch report: Market entry Opportunities Supply chain and logistics Competition matrix Location assessmentMAR16India Opportunity Pitch Report presented to the board of i

214、nvestors.MAR16India Opportunity Pitch Report presented to the board of investors.AUG16 Identified states Shortlisted states Organized joint discussionwith shortlisted stategovernmentsAUG16 Identified states Shortlisted states Organized joint discussionwith shortlisted stategovernmentsAPR16Investor a

215、nnounces start of India operations.APR16Investor announces start of India operations.JUL16 Initial gatheringrequirement betweeninvestor and Indiansuppliers Outreach visit to companysupply chain executivesJUL16 Initial gatheringrequirement betweeninvestor and Indiansuppliers Outreach visit to company

216、supply chain executives2018Facilitation of land acquisition and negotiationof fiscal incentives with government of Tamil Nadu.2018Facilitation of land acquisition and negotiationof fiscal incentives with government of Tamil Nadu.JAN17Identified JV Partner in Tamil Nadu.JAN17Identified JV Partner in

217、Tamil Nadu.JAN19MoU Signing with Tamil Nadu.JAN19MoU Signing with Tamil Nadu.DEC 16 Policy advisory Procedures Incentives Regulatory clearancesDEC 16 Policy advisory Procedures Incentives Regulatory clearancesONGOING: After care followupA Japanese Apparel RetailerHELPING A JAPANESE RETAIL COMPANY EN

218、TER INDIA.JUN18Company reaches out to Invest India during Make in India roadshow in Japan.JUN18Company reaches out to Invest India during Make in India roadshow in Japan.JUL18Invest India meetsthe company for FDIclarifications.JUL18Invest India meetsthe company for FDIclarifications.OCT18Invest Indi

219、a meets with companys legal teamfor multiple plastic and labelling related queries.OCT18Invest India meets with companys legal teamfor multiple plastic and labelling related queries.DEC18Invest India meets with Secretary, DPIIT and the company to clarify sourcing and other pressing issues.DEC18Inves

220、t India meets with Secretary, DPIIT and the company to clarify sourcing and other pressing issues.DEC18Invest India hosts adetailed session onGST application in India. DEC18Invest India hosts adetailed session onGST application in India. MAR19Invest India helps the company with detailed presentation

221、s onsub-clauses of FDI policy.MAR19Invest India helps the company with detailed presentations onsub-clauses of FDI policy.MAY19Invest India helped the company with applications (pollution, import, labelling).MAY19Invest India helped the company with applications (pollution, import, labelling).OCT 19

222、Invest India helps the company launch the first flagship store in India.OCT 19Invest India helps the company launch the first flagship store in India.ON-GOINGRELATIONSHIP Location assessmentand expansion advisory Tax advisory Advisory on customs,plastics, labelling procedures Advisory on newFDI regu

223、lations Assistance withCSR projects duringCovid-19 in IndiaA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES4546TPI Composites: American Wind Blade ManufacturerMANUFACTURIN

224、G UNIT: USD100 MN; 875 JOBS (APPROXIMATELY).AUG18TPIs initial discussionwith Invest India regarding interest to make in India. AUG18TPIs initial discussionwith Invest India regarding interest to make in India. SEP18Invest India presentsthe details about the opportunities at statelevel for plant loca

225、tion.SEP18Invest India presentsthe details about the opportunities at statelevel for plant location.JUL20TPIs wind blade manufacturing unitis inaugurated by thechief minister of Tamil Nadu. JUL20TPIs wind blade manufacturing unitis inaugurated by thechief minister of Tamil Nadu. JAN19TPI signs MoU w

226、ith government of Tamil Nadu to set up its first plant in India in Tamil Nadu.JAN19TPI signs MoU with government of Tamil Nadu to set up its first plant in India in Tamil Nadu.TPI begins manufacturing in India within a record time of 13 months since the MoU to set up a plant was signed. TPI begins m

227、anufacturing in India within a record time of 13 months since the MoU to set up a plant was signed. SEP19TPI attends CEO Roundtable with Prime Minister of India hosted by Invest India in New York.SEP19TPI attends CEO Roundtable with Prime Minister of India hosted by Invest India in New York.OCT19Inv

228、est India facilitates registration under the Tamil Nadu Single Window Clearance Scheme for regulatory approval.OCT19Invest India facilitates registration under the Tamil Nadu Single Window Clearance Scheme for regulatory approval.JAN20Invest India presents capabilities of various ports to handle win

229、dblades for TPI.JAN20Invest India presents capabilities of various ports to handle windblades for TPI.FEB20TPI plant begins operations.FEB20TPI plant begins operations.TPIs first wind blade manufacturing plant in India in Tamil Nadu truly reflects our commitment to Make in India. The state-of-the-ar

230、t manufacturing hub will serve India as well as global wind markets, and further strengthen Indias position on top of the global wind energy value chain. TPI is now manufacturing the largest wind blade in the country at the plant and it will be supplied to the worlds leading wind energy producers. I

231、nvest Indias guidance helped us immensely in realizing the Make in India opportunity. Their dedicated account managers have continuously supported us in understanding the policies and engaging with multiple stakeholders at the central and state level. Their assistance facilitated the launch of our p

232、lant operations in a record time of only 13 months from signing of the MoU with the Tamil Nadu government.“Joshua Solomon,Managing Director,TPI Composites India Private LimitedA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVESA NATURAL PARTNERSHIP: UNITED STATES-INDIA FDI PERSPECTIVES47WHAT

233、 OUR PARTNERS SAY ABOUT USI think foundations like Invest India are critical, especially when a country ismaking considerable effort to bring in entrepreneurship to the young populaceof the country. Invest India hopefully creates an environment where theseexperimentations can take place faster and a

234、lso enable them to take it out tothe market. All these entrepreneurs we met today, they got brilliant ideas, theyneed help in terms of building that case to make it scalable and marketable.Role of Invest India is very important.Ellana Lee,Senior Vice President,CNN International “Invest India is play

235、ing a fabulous role in helping the government achieveits vision of being a bio-economy leader by 2025. I believe that its a strongrole that Invest India plays in partnerships with different stakeholders, tobring all stakeholders together to enable an ecosystem that will help withinnovation in the co

236、untry and attract investments and ultimately benefitaccess and patients.“Jyotsna Ghoshal,Former Senior Director (Corporate Affairs), Merck Sharp & DohmeWeve been so thrilled with the success of Netflix India, there are so manygreat stories to be told here and were just beginning. Were investing inso

237、 many new shows, new movies and I think everyone should just tryNetflix and were very excited. Invest India has been fantastic in openingthe climate so that overseas companies like ours invest. Were investingover INR 3,000 crores USD 400 Mn over the next year in new content andnew storytellers. Netf

238、lix has been thrilled to be partners with Invest India tocontinue to put more money because we have seen such a goodclimate here.“Reed Hastings,Founder & CEO,Netflix Inc.I want to give a shout out to Invest India which during this pandemic has done yeomans work in helping troubleshoot on behalf of b

239、usinesses, ensuring continuity of production lines .services is factored in as states look to adhere to the social distancing regulations.“Nisha Biswal,President,U.S.-India Business Council (USIBC)CHINAPAKISTANAFGHANISTANNEPALBHUTANSRI LANKABAY OF BENGALARABIANSEABANGLADESHMYANMARU.S. in Delhi NCREm

240、bassy of the United States of AmericaU.S. India Strategic Partnership Forum (USISPF)Indo-American Chamber of Commerce (IACC)American Chamber of Commercein India (AMCHAM India)U.S. India Business Council(USIBC)U.S. in MumbaiU.S. Consulate GeneralU.S. India Strategic Partnership Forum (USISPF)Indo-Ame

241、rican Chamber of Commerce (IACC)American Chamber of Commercein India (AMCHAM India)U.S. in ChennaiU.S. Consulate GeneralIndo-American Chamber of Commerce (IACC)American Chamber of Commercein India (AMCHAM India)U.S. in HyderabadU.S. Consulate GeneralIndo-American Chamber of Commerce (IACC)American C

242、hamber of Commercein India (AMCHAM India)U.S. in KolkataU.S. Consulate GeneralIndo-American Chamber of Commerce (IACC)American Chamber of Commercein India (AMCHAM India)JuhuThaneHadapsarJNPTSafdarjungAurangabadDhanbadAsansolNew TownLilabariBhubaneswarRaipurDehradunSaharanpurKarnalPantnagarLucknowLen

243、gpuiAizawlRajahmundryAmaravathiGangavaramVasco Da GamaPanajiAlongBhagalpurKolkataBehalaKolhapurKatupalliChennaiMahabalipuramNMPTKangraPathankotTiruchirappalliTirunelveliThoothukkudiPort BlairRaxaul BazarMuzaffarpurJogabaniBodh GayaPatnaGayaBiharsharifChandigarhBilaspurNew RaipurSilvassaDiuKeshodVera

244、valKandlaSikkaAhmedabadGandhinagarJamnagarSuratSurendranagarVadodaraRajkotBhavnagarBhujMundraPorbandarPalanpurDahodDahej SIRFaridabadGurugramNoidaKulluDharamshalaShimlaJammuSrinagarJamshedpurRanchiMangaluruMysuruBallariHampiDavanagereDharwadHubballiTumakuruBengaluruBelagaviHassanShivamoggaSagarKozhi

245、kodeKochiKumarakomThiruvananthapuramKavarattiAgattiKhandwaSanchiSatnaGwaliorKhajurahoUjjainSagarJabalpurBhopalIndoreMumbaiKalyanAkolaAurangabadNagpurNanded WaghalaNashikSolapurPuneDighiJaigarhMormugaoPimpri ChinchwadJalgaonGondiyaItanagarZiroLilabariDaporijoPasighatTezuTawangJorhatSilcharDibrugarhGu

246、wahatiTezpurKazirangaImphalShillongShellaDimapurKohimaKailashaharKamalpurKhowaiAgartalaGopalpurRourkelaJharsugudaParadipDhamraPuducherryKaraikalAmritsarJalandharLudhianaJaisalmerJodhpurBikanerAjmerKishangarhUdaipurJaipurAmerKotaKarimnagarWarangalHyderabadNadirgulRanga ReddyVisakhapatnamKakinadaTirup

247、atiVijayawadaKadapaPuttaparthiMaduraiVelloreTiruppurCoimbatoreThanjavurErodeSalemAgraKanpurJhansiMeerutPrayagrajMoradabadBareillyAligarhGorakhpurVaranasiSarnathLalitpurSrinagarHaldiaBalurghatMaldaKoch BiharNamchiGangtokUttar BagdograGopalpurLeh LadakhDighiHaziraKrishnapatnamRupsiEnnorePipavavDonakon

248、daHIMACHAL PRADESHPUNJABRAJASTHANHARYANAUTTAR PRADESHUTTARAKHANDDELHIMADHYA PRADESHBIHARJHARKHANDSIKKIMASSAMNAGALANDMANIPURMIZORAMTRIPURAWEST BENGALODISHACHHATTISGARHMAHARASHTRADADRA AND NAGAR HAVELILAKSHADWEEPDAMAN AND DIUKARNATAKAKERALATAMIL NADUGOAANDHRA PRADESHANDAMAN AND NICOBAR ISLANDSGUJARATT

249、ELANGANAMEGHALAYAARUNACHAL PRADESH(5)(6)(12)(2)(20)(5)(1)(7)(5)(30)(29)(31)(19)(19)(40)JAMMU ANDKASHMIRLADAKHEMBASSY OF THE UNITED STATES OF AMERICAU.S. CONSULATE GENERALU.S.-INDIA BUSINESS ASSOCIATIONS:MAJOR HIGHWAYSGolden QuadrilateralDelhi-Mumbai Industrial CorridorAmritsar-Kolkata Industrial Cor

250、ridorBengaluru-Mumbai Economic CorridorChennai-Bengaluru Industrial CorridorNational Highway NetworkEast-West CorridorNorth-South CorridorVizag-Chennai Industrial CorridorAIRPORTEMERGING MARKETSMART CITYTOURIST SPOTSPECIAL ECONOMIC ZONE (SEZ)PORTRAILWAY NETWORK*Map not to scaleSource: www.aai.aero/

251、| http:/ipa.nic.in/ | http:/sezindia.nic.in/upload/uploadfiles/files/Operational%20SEZs.pdf | http:/smartcities.gov.in/ | http:/pib.nic.in/newsite/PrintRelease.aspx?relid=177318, http:/pib.nic.in/newsite/PrintRelease.aspx?relid=116398 | | | U.S. Embassy in India | USIBC | AMCHAM | USISPF | IACCU.S. India Business Council (USIBC), New DelhiAmerican Chamber of Commerce in India (AMCHAM India) - New DelhiU.S. India Strategic Partnership Forum(USISPF) New DelhiIndo-American Chamber of Commerce (IACC) New Delhi