Connecting Businesses with Opportunities in India

india business

March 24, 2019

The Government of India has decided to completely shut down 75 districts across the country where coronavirus cases have been reported. In addition, different state governments have also put in place their own shut downs.  (Full list of districts can be viewed at this  link and press release  here.)

[ACTION REQUIRED]: Given the challenging situation, the Ministry of Corporate Affairs has posted a simple form on their website to ascertain the readiness of companies to deal with the threat of COVID-19. The form can be accessed  here, with request to  ALL COMPANIES to fill this out starting March 23. 

Some other developments of note are included below:

  • The state government of Delhi notified a lockdown in Delhi from 6:00 am on Monday, March 23 to midnight of Tuesday, March 31, that includes no public transport services and closure of all shops, factories, offices, commercial establishments. The order issued by Delhi Police can be viewed here.
  • The state government of Maharashtra has issued containment orders that include closure of public spaces and corporations. (see order here.)
  • USISPF is in communication with different State governments requesting the exemption of certain parts of services industry from the above orders to ensure least disruption to global institutions that rely on India for its vital IT, R&D, and BPO functions. Please write to Nelson Chaudhuri to obtain a copy of the letter.
  • Department of Consumer Affairs has exempted ecommerce operations from prohibitory orders to avoid panic and disruption in supply of goods and services to citizens.

Source: USISPF

1) Freshworks Inc. (formerly Freshdesk) has launched its latest product, Freshchat, a new product for customer engagement on websites and apps

2) Power2SME has raised $36 Mn Series E funding

3) Tata Group is looking to enter into online grocery business under Starquik brand

4) Paytm, is reportedly in talks to acquire Bengaluru-based online travel company Via.com

5) Shortlist has secured $1 Mn in Seed funding

6) Airtel Payments Bank has bolstered its digital platform with the integration of UPI

7) ICUBESWIRE has announced a $3 Mn innovation fund to support the growing number of early stage startups in India

8) Codemojo is unveiling a borderless, easy to use, global rewards network to mobilise $360 Bn worth rewards points that go unredeemed each year

 

Keywords: india entrepreneurs, funding in India, doing business in India

Doing business with India: Some interesting numbers to feel good about.

  • $35 billion investment by Japan over a period of 5 years and along with it their expertise in making bullet trains.
  • Australia is set to sign a Nuclear Power deal with India to supply around 500 tonnes of Uranium to India.
  • Satya Nadella (Microsoft), Indra Nooyi (Pepsico), Sheryl Sandberg (Facebook), Jeff Bezos (Amazon), Mark Zuckerberg (Facebook) discusses possible investments.
  • Israel inks $5 million deal for Joint Educational Research programme.
  • $20 billion investment from Xi and his Chinese counterparts.
  • 2 billion Euros support from France for sustainable development in India.
  • Airbus to increase outsourcing in India from 400 million euros to 2 billion euros over the next five years.
  • French National Railways has agreed to co-finance an execution study for a semi-high speed project on upgradation of the Delhi-Chandigarh line to 200 kmph.
  • Canada agrees to supply 3,000 metric tonnes of uranium to India from this year to power Indian atomic reactors.