India, U.S. Shift Bilateral Ties to a Higher Strategic Plane

The existing India-U.S. Strategic and Commercial Dialogue, once described by the U.S. State Department as the “signature mechanism for advancing the United States’ and India’s shared priorities,” will be replaced by a dialogue in which the foreign and defense ministers will participate. The new dialogue format will involve the Indian foreign minister and the U.S. […]

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August 18, 2017   No Comments

PE Investments in India Surge 48 percent

According to assurance, tax and advisory firm Grant Thornton India, there were 59 private equity transactions worth $1.22 billion in July this year, and PE investments in India jumped 48% in value terms. July was dominated by investments in start-ups which contributed to 49% of total investment volumes, while the banking sector dominated the PE […]

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August 18, 2017   No Comments

India’s Army to Receive 6 Apache Helicopters

India’s Defense Acquisition Council has approved the purchase of six Apache attack helicopters from Boeing, for $700 million. The variant of the attack chopper that the Indian Army will get is the Apache AH-64E, which has a height of 15 ft and a wingspan of 17 ft. The helicopter has a primary mission gross weight of […]

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August 18, 2017   No Comments

First American Crude Oil Shipped to India

The first shipment of two million barrels of American crude oil costing $100 million will reach India in the last week of September, opening a new chapter in trade between India and the U.S. This consignment is a fraction of India’s $70 billion oil import bill for 2016-17. Given the volume being contemplated by Indian […]

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August 17, 2017   No Comments

India Records Highest Market Share in Knitwear Exports to U.S.

India’s garment exports to the U.S. reached top position in market share in the ‘men/boys cotton knitwear shirts’ category for the first six months of 2017. According to data released by the Office of Textile and Apparel, of the U.S. Department of Commerce, India exported 8.5 million dozens men/boys cotton shirts to the U.S. India’s […]

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August 17, 2017   No Comments