Hyderabad: Telangana IT minister KT Rama Rao (KTR) on Sunday announced a pharmaceutical investment of Rs 500 crores in the state.
He announced a collaboration between Corning Incorporated and SGD Pharma, a pharmaceutical primary packaging company. He said that through the collaboration facility for pharmaceutical packaging, glass production will be established in Telangana.
KTR said, “I’m delighted that Corning, which is a fortune 500 company, and SGD Pharma will be setting up a world-class facility here. The manufacturing of pharmaceutical packaging glass from Telangana will accelerate the growth of life sciences sector by ensuring adequate and seamless supply of the world-renowned corning glass tubing sets to our manufacturers.”
“We are proud to partner with Corning and Telangana to reinforce the strength of the pharmaceutical industry in Telangana by securing the full supply chain of primary packaging,” said Managing Director of SGD Pharma Akshay Singh.
SRINAGAR: In a landmark development Kashmir Angel Network (KAN) secured investment commitments for three startups who pitched their business ideas to a galaxy of investors today at a local hotel at Srinagar. The first of its kind investor-startup summit organised by KAN also marked the beginning of new era of Alternate Investment Funding available for homegrown business.
Kashmir Angel Network team with the start-ups and the investors at the networks maiden pitch session in Srinagar on February 25, 2023. KL Image by Shuaib Wani
Commenting on the the development, Shabir A Handoo, CEO KAN said today was a historical moment for the Startup ecosystem in Kashmir and with this beginning many a glass ceilings were breached.
The three startups who received undisclosed amount of funding from a number of local Angel Investors are from diverse sectors of the economy. One of the startups that received instant investment commitments, Cred Agro, is an agritech company that uses integrated agriculture systems for utilisation of fallow lands.
Another startup, Lieper Books, that generated a lot interest among the Angel investor community present in the event is a social media networking platform for book lovers. Another Startup, Kashmir Origin is an e-commerce platform with a B2B and B2C business model. The startup founders were upbeat about their pitches being well-received by the investors.
The year-old Kashmir Angel Network in its maiden pitch session managed investment in three Kashmir startup’s
KAN, a local network which hosted the maiden event is an initiative of a few professionals, working towards the creation of an enabling environment for Startups in Kashmir. The year old company aims to build a Network of Angel Investors who are willing to invest in early-stage businesses besides providing them mentorship and hand-holding support. CEO KAN in his opening remarks said that KAN has a vision to act as a multiplier in the efforts of the government in creating a thriving private sector in the region by way of mentoring, financing and incubating starups’. he said that such summits shall be regularly organised by KAN so that more and more startups get an opportunity to raise funds in their home turf.
Irtif Loan conducted the Pitch Session of the event and said that KAN is evolving as a platform where startups and investors meet, exchange ideas and create businesses. Commenting on today’s event said that the event is a first in the series of events planned by KAN to leverage resources, networks and Government-led initiatives to be a part of the growth story scripted by startups across.
In the pitch session the four startups from Kashmir region that presented their business ideas to the investors were Cred Agro, Lieper Books, and Kashmir Origin. Cred Agro is an agro-tech company using integrated agriculture systems for utilisation of fallow lands. Lieper Books is a social media networking platform for book lovers. Kashmir Origin is an e-commerce platform with a B2B and B2C business model. The pitches were well-received by the investors. The presentations generated a lot of interest and discussions around the strategies pitched by the startups. The higlight of the event was that all the three start ups pitched for investment got the investment committments right during the event.
Hyderabad: A Round table conference on ‘Trade and Investment Opportunities in Vietnam’ was held on Saturday at The Federation of Telangana Chamber of Commerce and Industry (FTCCI), Red Hills, Hyderabad.
Eleven senior officers and executives from four Vietnamese provinces met with the FTCCI officials to discuss the trade and investment opportunities in Vietnam.
Welcoming the Vietnam delegation, Anil Agarwal, president of FTCCI, said the delegation came to participate in BioAsia and used this opportunity to visit FTCCI to explain the opportunities for trade and investment in Vietnam in various provinces.
“We visited Ho Chi Minh City, Dong Nai Province, and Binh Duong Province in Vietnam some time ago last year and learned about the way these provinces are progressing with cluster and industrial development initiatives thereby attracting investments through FDIs. We really appreciate the steps taken by the Vietnam delegation to promote bilateral trade and will always support such initiatives,” said Agarwal.
Bui Anh Tuan, Commerce Section, Consulate General of India in Vietnam introduced the Vietnamese delegates to the gathering. He said they are looking for investments in Tourism, IT, Biotechnology, Health Care, Agriculture, and Food Processing.
Pham Minh An, director of Ba Ria – Vung Tau Department of Health, spoke about the Foreign Direct Investment policy.
Head of the Ministry of External Affairs branch secretariat, Dasari Balaiah addressing the gathering said that every small opportunity can turn into a big one and India being the Chair of G-20 must utilise every possible opportunity.
Look east policy of the Government of India is the flagship initiative of the Government of India, he said.
The investments made in the Adani group companies by state-run insurance giant Life Insurance Corporation of India (LIC) have turned negative as of closing on February 23, according to data analysed from stakes held by the insurance company as per the December shareholding pattern made available on the exchanges.
If some Adani stocks do not find support soon, LIC’s investment in the beleaguered Group, whose listed companies’ share prices have fallen by up to 80 percent, will almost certainly turn negative, as combined profit has now fallen to around Rs 3,000 crore from Rs 53,000 crore profit since the beginning of this year.
Following a sell-off in Adani stocks following the Hindenburg Research report, the combined market value of LIC’s investments in Adani Group was Rs 33,000 crore on February 23, down from nearly Rs 83,000 crore on December 31, 2022. When Hindenburg published its damning report on January 24, the LIC’s investment in Adani Cos was valued at Rs 81,000 crore.
This is primarily due to the significant sell-off in Adani Group stocks.
After the publication of the Hindenburg report, LIC declared on January 30 that at the end of December, it owned Rs 35,917 crores under equity and debt in Adani Group equities.
Since the US-based short seller Hindenburg released their research a month ago alleging accounting fraud and stock manipulation, the market value of the group’s 10 listed firms has fallen by $146 billion, or approximately 60 percent. Adani has refuted the charges.
With the decline on Thursday, LIC’s investments now have a negative value or a loss. It is assumed that after January 30, LIC has not acquired or disposed of any stock in the Group entities.
LIC owns between 1.28 percent and 9.14 percent of the shares in seven publicly traded Adani companies.
The value of LIC’s investment in Adani Ports (APSEZ), in which it owns more than 9 percent, has fallen from Rs 15,000 crore on January 24 to slightly less than Rs 11,000 crore on February 23. Similarly, the value of its 4.23 percent stake in Adani Enterprises has decreased from Rs 16,500 crore to Rs 6,660 crore over the same time period. LIC also owns slightly less than 6 percent of Adani Total Gas.
Since this Adani stock has dropped nearly 80 percent in the last month, LIC’s investment value has dropped from Rs 25,500 crore on January 24 to around Rs 5,200 crore.
LIC holds 3.65 percent of Adani Transmission and 1.28 percent of Adani Green. In one month, the shares of both companies fell 73 percent. The LIC’s investment in Adani Transmission is now valued at Rs 3,000 crore, while the investment in Adani Green is valued at around Rs 1,000 crore. The loss suffered by LIC in Ambuja Cement and ACC is not severe.
According to LIC, its total exposure in Adani Group companies amounts to 0.975 percent of its total assets under management (AUM) at book value.
Meanwhile, most Adani stocks closed with significant losses on Thursday. In one month, the Group’s market capitalisation has dropped by approximately Rs 12 lakh crore.
The stock market’s fallout has resulted in a sharp decline in Gautam Adani’s wealth, which now stands at $42.7 billion, according to the Bloomberg Billionaires index. He has dropped to 29th place on the world’s wealthiest list, down from second place last year.
Gautam Adani is the founder of the Ahmedabad-based conglomerate Adani Group. Infrastructure, commodities, power generation, transmission, real estate, and cement are all areas of interest for the group.
JK Police arrested the founder of Awami Awaaz Party on February 16, 2023 for being anti national. The party came into being after the reading down of Article 370 in August 2019. Pic: JKP
In an interesting twist in the Kashmir tale, the police booked three ‘leaders’ of a post-2019 “political party” under the stringent Unlawful Activities (Prevention) Act (UAPA), for allegedly ‘intimidating’ journalists and making anti-national statements. Identified as Suhail of Mustafabad HMT, Nadeem Shafi Rather of Maloora HMT and Umar Majeed Wani of Soura, the trio were running Awami Awaz Party. It was one of the many “nationalist” groups that would unfurl the tricolour in Lal Chowk and sing the national anthem to the social media cell phones while attacking the “dynasts” for the bloodshed in Kashmir. “I urge all youth of Jammu and Kashmir to take the pledge on this Republic Day to make our country proud on the world stage,” Khan said in his Lal Chowk speech on 2022 Republic Day.
The arrest came within days after a press conference in which they rebuked the “media” for working against the “interests” of Kashmir. “Our party was formed by the army. I have hoisted the tricolour,” one of the trio was quoted as having told the presser. “But when I saw atrocities on common people I decided to fight for freedom.” Police termed them “miscreants” and “anti-national”. A senior army officer told NDTV that “the group may have been supported by some individual officers, but the army has nothing to do with such groups”. The U-turn, Khan led trio claimed came in response to the use of bulldozers against the people. The group had been vocal on the mysterious disappearance of a driver in a Kupwara village in army’s custody.
The Reserve Bank of India (RBI) yearly survey has found a construction worker in Jammu and Kashmir is Rs 524, one of the highest daily wages in India. It is only Rs 362 in Maharashtra, Rs 250 in Tripura, Rs 267 in MP, and Rs 296 in Gujarat.
LASSIPORA
Chairman and managing director of JSW group Sajjan Jindal laid the foundation stone of a steel processing unit in Pulwama on February 17, 2023.
Leading steel maker Jindal South West (JSW) laid the foundation stone of its first steel processing plant in Lassipora. Group MD Sajjan Jindal personally flew to lay the foundation in, what he said, “the heart of Kashmir”. The Rs 150 crore plant spread over 70 kanals of land has installed capacity manufacturing 1.2 lakh metric tonne colour-coated for local consumption. It will also make steel sandwich panels and steel doors for the local market. This is said to be the first project that was set up after the special status of Jammu and Kashmir was read down in August 2019. Kashmir in the last decade had set up two steel plants, one each at Lassipora and Rangreth, to reduce its dependence on Jammu plants. Of the two, one was closed already and another one is battling for survival owing to the post-2019 work conditions. Jammu has traditionally been the main supplier of steel to Kashmir, apart from SAIL.
IMHANS run Tele Mental Health Assistance received more than 4000 distress calls across Jammu and Kashmir since its launch on November 4. These included 694 calls were about sadness, 619 about anxiety, 502 about stress-related issues, 191 related to suicidal ideation or attempts, 454 had reduced interest in pursuing activities, 441 were palpitation-related, 416 related to sleep disturbances, and 283 related to hopelessness, helplessness, worthlessness, and guilt.
JAMMU
M M Khajuria
MM Kahjuria, former Jammu and Kashmir Police Chief passed away after a brief illness on February 16, 2023. He was 91. He is survived by three daughters, six grandchildren and a great-granddaughter. Born on June 11, 1931, Khajuria is reported to have spearheaded an agitation for free education up to the postgraduate level before joining the JKP in 1954. He eventually became the first JKP officer to be inducted into the IPS. Khajooria was JKP’s second DGP from January 16, 1985, to May 25, 1986.
After the government clubbed schools, owing to low roll, 33 government school buildings in Rajouri remain vacant and locked. Now the authorities are working to repurpose the infrastructure.
PAHALGAM
Jammu and Kashmir Lt Governor, Manoj Sinha presenting a Saffron tray in full bloom to the Prime Minister, Narendra Modi on November 13, 2022.
The National Highway Infrastructure Development Corporation Limited (NHIDCL) is busy drafting a preliminary report to construct a road to Amarnath shrine so that it is accessible from Pahalgam as well as the Baltal side. If approved this year, it will be ready within the next five years. The announcement was made by LG Manoj Sinha. “I think you will see that day with the blessings of Lord Shankar,” Sinha said.
The finance department has released Rs 714 crore for clearance of Rs 458 of pending GPF bills and Rs 256 of Gratuity.
SHOPIAN
Jasia Akhter
Making history, Jasia Akhtar, 34, a female Kashmir cricketer got a berth in India’s Women’s Premier League (WPL). A resident of Shopian’s Braripora, she was taken by Delhi Capitals at Rs 20 lakh in the last WPL auction where 409 players from 15 countries participated. Passionate about the game, Jasia, a right-hand batter, shifted to Punjab where she is playing domestic cricket for around eight years now. In 2022, she moved to Rajasthan. Currently, she is the second-highest run-getter in the senior women’s T20 Trophy. A total of 409 players from 15 countries went under the hammer for the WPL auction.
The Elder of five siblings, Jasia is the daughter of a marginal farmer, Gul Mohammad Wani. Her first bat was chiselled out of a willow log by her father when she was five, using his axe. At the peak of tensions, she would normally play with the boys in the village till she was noticed for having a great capacity and required coaching. “My father had made a willow bat and had kept it in the rice container fearing that I would hurt myself with it,” Jasia was quoted as having said after her selection. “I would take the bat out and hide in my pheren and go to play with the boys in the village ground.” Later she would play with boys at Government Higher Secondary School at Kaprin. In 2010, she was selected by JKCA for its women’s team. In 2011, she impressed everybody when her team played against Harmanpreet Kaur-led Punjab team in the BCCI domestic competition at Jammu – 39 runs off 25 balls, following which Kaur gifted her bat to Jasia. In 2012, she shifted to Amritsar to play for the BBK DAV College team and later played for PCA women’s team.
Sarla Devi from Jammu also made it to WPL, this season.
226 thousand people visited 131 public libraries across Jammu and Kashmir in 2022.
NEW MEXICO
Kashmir neuroscientist, Dr Mubarak Hussain Syed, is among the 125 scientists from USA and Canada who were declared prestigious Sloan Research Fellows for 2023. Every one of them receives US $75000 to pursue their research within two years. Syed is an assistant professor of Biology at The University of New Mexico and runs his Neural Diversity Lab which has already helped solve certain mysteries of mind works in fruit flies. The Alfred P Sloan Foundation said the 2023 fellows “represent the most promising scientific researchers working today” and their “achievements and potential place them among the next generation of scientific leaders in the US and Canada.” The nomination is given in “recognition of distinguished performance and a unique potential to make substantial contributions to their field”. His laboratory is working on fruit flies, which offer an excellent model system to understand the genetic basis of nervous system development and function. His extensive work has given him a nickname within the scientific community – Fly Guy. His lab has already identified a novel role of insect growth hormone in regulating neural stem cell temporal gene expression. Now they are testing if this hormonal signalling regulates the formation of diverse neuron types in the fruit fly brain. “I am humbled,” Syed said. “It is an honour to be on this list of extraordinary scientists.”
Jammu and Kashmir Anti-Corruption Bureau (ACB) caught 136 government officials red-handed while accepting bribes in the last three years with the Srinagar district topping the chart.
JAMMU
The Jammu and Kashmir Police have booked the Jammu newspaper Taskeen editor for cheating under section 420. He is also a member of the Waqf Board. The case has been registered at Peer Mitha police station on the basis of an audio recording produced by the complainant, Dr KL Sharma, wherein Kazmi is being heard demanding Rs 5 lakh from the complainant in lieu of a government job. Reports said he had taken the money in 2021 but the candidate did not get selected and he did not return the “bribe”
The Central Pollution Control Board (CPCB) has declared Jammu and Kashmir’s eight water bodies as `polluted’ based on Biological Oxygen Demand (BOD). These include Srinagar’s Chuntkol (11.21), the entire length of Jhelum from Srinagar to Baramulla (7.8); Pahalgam’s Lidder (7); Gawkadal (3.2); Tawi Jammu (14); Katra’s Banganga (6.2); Udhampur’s Devaka (10) and Samba’s Basanter (4.2).
GULMARG
Under a thick blanket of snow and crowded by hundreds of skiers from across the world and youngsters participating in various winter sports events, Gulmarg saw India’s Sports Minister Anurag Thakur and top Congress leader, Rahul Gandhi. While Thakur visited as part of the game management, Rahul flew for five days to cool his heels over the slopes after remaining busy with Bharat Jodo Yatra for many months. Over the slopes, Omar Abdullah, an impressive skier, joined him. Rahul was seen zigzagging on the slope at Gulmarg skiing resort with an instructor filming the video. Pictures of the Congress leader were also shared on social media platforms.
The government has terminated the services of Saleem Ahmad Beig, a Jail Superintendent and Abdul Majid Bhat, a former Assistant Regional Transport officer.
KUPWARA
The court of Additional District and Sessions Judge Kupwara turned down the bail application of nine persons including five soldiers who were arrested in a drug peddling case. The five soldiers were operating a drug peddling gang from the Panzam garrison and were arrested in January 2023 for running the drug cartel from Tangdhar, a town located on the Line of Control (LoC). The court observed that soldiers were supposed to protect society but regretted this bunch worked in contravention of it. The accused soldiers were identified as Naib-Subedar Puran Singh, Anil Kumar (driver) Sepoy Sushil Kumar, Naik Waseem Ahmad Mir and Mohammad Shafiq Khan. Their civilian accomplices were identified as Mashkoor Sheikh (working as a porter with Army), Mohammad Yousaf Kothari, Saleem Sheikh and Mohammad Imran Teli. Earlier, the NIA arrested a BSF officer posted in Handwara – also part of the frontier Kupwara district, “on charges of cross-border drug smuggling linked with the Lashkar-e-Toiba terrorist group”. Identified as Romesh Kumar, the report said Rs 91 lakh cash was recovered from Kumar. On December 23, 2022, JKP arrested 17 people including five of its own cops for drug peddling.
MHA declared Jammu and Kashmir Ghaznavi Force (JKGF) and Khalistan Tiger Force (KTF) as outfits bringing the total number of such illegal organisations to 44.
Dubai: Marking the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the two sides have launched the UAE chapter of their joint business chamber to bolster economic ties and facilitate enhancing bilateral trade and investment.
India and the United Arab Emirates (UAE) inked a CEPA on February 18 last year to boost trade ties following a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.
The UAE India Business Council – UAE Chapter (UIBC-UC) was launched on Saturday by Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE, Sunjay Sudhir, Consul General of India in Dubai Aman Puri and founding members of the UBIC-UC.
The two nations aim to increase bilateral trade to USD 100 billion and attract USD 75 billion in investment from the UAE to India.
The UIBC-UC is poised to play a crucial role in supporting both governments in achieving these objectives and maximising the potential of the UAE-India relationship.
By leveraging the strong bond between the two nations, the council brings together key partners and stakeholders from both nations and will serve as a valuable source of policy guidance, fostering innovative collaboration between Emirati and Indian businesses.
Speaking on this occasion, Minister Zeyoudi highlighted that the establishment of the UAE Chapter of the UAE India Business Council marks a significant moment in the deepening of the relationship between the United Arab Emirates and India.
He also mentioned that the Council will play a critical role in supporting the two governments in their joint mission to boost bilateral trade and investment. He expressed confidence that it will catalyse innovative collaboration between our two great nations.
Ambassador Sudhir said, “The launch today marks a significant milestone in the strengthening of the relationship between the United Arab Emirates and India.”
The UIBC-UC will serve as the counterpart organisation to the UIBC India Chapter, which was established in New Delhi on September 3, 2015, by Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister for Foreign Affairs and International Cooperation, and Sushma Swaraj, then Minister of External Affairs of India.
The UAE India Business Council – UAE Chapter (UIBC-UC) has been set up with the approval of UAE’s Ministry of Foreign Affairs and International Cooperation and the Ministry of External Affairs, Government of India.
The UIBC-UC will operate under the supervision of the Federation of UAE Chambers of Commerce & Industry and has been registered as a legal and financial entity with the Dubai Chamber of Commerce. The council will have its office in Abu Dhabi and will be a pan UAE body focussing on promoting trade and investment relations between the UAE and India. Membership to UIBC-UC will be by invitation only, and institutional members will be invited over time.
Faizal Kottikollon, Chairman, of KEF Holdings, who has been appointed as the Chairman of UIBC-UC, said the council’s focus will be to identify significant strategic projects that can be undertaken by both countries.
“This includes investments in large infrastructure projects in India, advancements in manufacturing and technology, and providing Indian manufacturers with the ability to use the UAE as a base for their global expansion,” he said.
Rizwan Soomar, CEO & MD (India Subcontinent) at DP World, will serve as the Co-Chairman of UIBC-UC.
Major General (Retd.) Sharafuddin Sharaf, who serves as the Chairman of the UIBC India Chapter, will also hold the position of Vice Chairman of UIBC-UC.
The founding members of the UIBC-UC from the UAE side are Mubadala Sovereign Wealth Fund of the UAE, Wizz Financial, DP World, EMAAR, Emirates Airlines, and Emirates NBD Bank.
From the Indian side, large conglomerates such as TATA, Reliance, and Adani as well as tech innovators like OLA, Zerodha, Udaan, and EaseMyTrip along with prominent Indian entrepreneur led Corporations based in the UAE such as KEF Holdings, Buimerc Corporation, Apparel Group, EFS and Lulu Financial are represented.
MUNICH — Countries able to send battle tanks to Ukraine should “actually do so now,” German Chancellor Olaf Scholz said Friday, trying to rally support for a Europe-wide fleet of tank donations.
Speaking at the opening of the Munich Security Conference, a gathering of global political and security leaders, Scholz said “Germany acknowledges its responsibility for the security of Europe and the NATO alliance area, without ifs and buts.”
This is, he added, “a responsibility that a country of Germany’s size, location and economic strength has to shoulder in times like these.”
Concretely, the chancellor said Germany would “permanently” adhere to the NATO goal of spending 2 percent of its economic output on defense — a target that Berlin is currently set to miss this year and probably also next year, despite a massive €100 billion special fund for military investment.
Germany needs to boost its defense industry and switch to “a permanent production of the most important weapons we are using,” the chancellor added.
Scholz’s remarks came just hours after his defense minister, Boris Pistorius, told reporters in Munich Germany must commit to even higher spending targets to follow through on its security pledges.
“It must be clear to everyone: It will not be possible to fulfill the tasks that lie ahead of us with barely two percent,” Pistorius said.
Western allies are gathering in Munich for a series of high-level talks focused primarily on the war in Ukraine, one year after Russia invaded the Eastern European country.
Scholz said it would be “wise to prepare for a long war” and to send a clear message to Russian President Vladimir Putin that he’s making “a miscalculation” if he is counting on Ukraine’s Western allies eventually growing war-weary and pulling back from their military support.
The German chancellor said Ukraine’s allies with German-made, modern Leopard 2 tanks in their stocks should join Berlin in delivering them to Ukraine, adding that his government would use the three-day Munich conference to “campaign intensively for this.”
The German chancellor himself hesitated for months over whether to send Leopard 2 tanks, only changing course last month, when he vowed to build an international alliance that would give Ukraine 80 of the German-built tanks.
But he is struggling to deliver on that commitment. Some allies like Finland are dragging their feet on tank donations, while others like Portugal are not sending as many as Berlin had hoped.
Other countries like Poland or Spain are only sending an older version of the tank, the Leopard 2 A4. Scholz said he hopes “some more will also join” Germany in sending the more modern Leopard 2 A6.
Scholz also said that Germany “will do everything it can to make this decision easier for our partners,” offering to provide logistical support or training Ukrainian soldiers on the tanks. “I see this as an example of the kind of leadership which everyone is entitled to expect from Germany — and I expressly offer it to our friends and partners.”
Just before Scholz spoke, Ukrainian President Volodymyr Zelenskyy warned that “speed is crucial,” underscoring the German leader’s point.
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( With inputs from : www.politico.eu )
SRINAGAR: Jammu and Kashmir is witnessing biggest industrial revolution in the history of UT as private investment proposals worth Rs. 66,000 crore have been received within a period of around one year as well as 1455 industrial units have also started their operations.
These remarkable developments have opened up doors of immense possibilities for the new generation as promised by Lieutenant Governors Administration. The existing industrial landscape is being transformed into a futuristic, profitable and sustainable ecosystem, leading to livelihood generation, better education, skill development and better quality of life.
From job creation to entrepreneurship, Government is going to make J&K a model of Industry 4.0, the Fourth Industrial Revolution. Government is working tirelessly on promoting institutional readiness, increasing entrepreneurship and attracting investments. The multiplier effect of industrial transformation will be felt across the entire length and breadth of the UT.
New Industrial Development Scheme, with an outlay of Rs. 28,400 Crore, has been approved by the Government of India for encouraging investment in manufacturing and service sectors in J&K, which has started helping in stepping up economic development in Jammu & Kashmir.
This is the dawn of new era for the growth, development and overall well-being of the people of J&K. Barriers to commerce and trade have also been removed. The people of J&K can now fully enjoy the rights and benefits enjoyed by all other citizens of India rather than just a limited set of rights and benefits.
J&K is on a mission to renovate, reinvent, and ready to take a quantum leap to become the fastest-growing region in the country, pushing the targets for economic growth and employment. The aim of J&K Administration is to deepen the trust with the business conglomerate, build the industrial base and strengthen the socio-economic stability.
With the consistent efforts of J&K Administration, Jammu and Kashmir is emerging as one of the best destinations in the country for setting up new businesses as of now with the best incentives and improved infrastructure facilities.
Moreover J&K Government is fulfilling all the crucial requirements of the industries including the transparent policy of land allotment, private industrial estate development, ensuring ease of doing business, besides the administration has actively worked with solutions approach and introduced various initiatives and reforms in a short period of time.
Notably, the Industrial Scheme for J&K is giving a boost to domestic manufacturing in the region and helps J&K in becoming Aatma Nirbhar. The Scheme is encouraging new investment, substantial expansion and also nurturing the existing industries in J&K. The administration is also ensuring that the implementation of the new scheme is done in a manner which is friendly and hassle free to the investors and entrepreneurs from within J&K and outside find a smooth and progressive ecosystem for their business plans.
Howrah: West Bengal Chief Minister Mamata Banerjee on Thursday said the Bantala leather complex in Kolkata will get an additional investment of Rs 10,000 crore.
In the last one year, 92 new tanneries have been given land lease for setting up units in the complex, she said.
“At Bantala, Rs 30,000 crore have been invested that generated employment for three lakh people. Another Rs 10,000 crore will be invested,” Banerjee said at a programme here in Howrah district.
There are 50 units at Bantala and 50 more are coming up, the CM said.
Banerjee on Thursday also laid the foundation stone of several projects and extended government services to six lakh people in five districts – Howrah, Hooghly, South 24 Parganas, North 24 Parganas and Nadia.
She said the Duare Sarkar’ (government at doorstep) scheme will be held every three months.
Nine crore applications for the scheme were received by the state government, of which seven crore have been considered, the chief minister said.
Efforts are underway to provide tap water access to all in West Bengal by 2024, Banerjee said, as she laid the foundation stone for a 100-bed hospital at Furfura Sharif and 208 water projects.
The Trinamool Congress supremo also said that more than 30,000 MSMEs have come up in Howrah district and two parks – jewellery and hosiery – have been set up there.
She said a Rs 2,700-crore flood relief project has been taken up, which would provide relief to the residents of Howrah, Hooghly and Midnapore.
Banerjee added that her government has invested Rs 35,000 crore in the Deocha Pachami coal block in Birbhum district, and Rs 10,000-crore worth rehabilitation package has been provided.
Three industrial corridors are also coming up in south Bengal — Dankuni-Kalyani, Dankuni-Haldia and Dankuni-Raghunathpur — the CM said.
Beijing’s top envoy to the EU on Wednesday questioned the West’s call to help Ukraine achieve “complete victory,” on the eve of Ukrainian President Volodymyr Zelenskyy’s possible arrival in Brussels.
Fu Cong, the Chinese ambassador to the EU, also criticized the bloc for “erosion” of its commitment on Taiwan, warning “senior officials from the EU institutions” to stop visiting the self-ruled island.
Fu’s provocative comments on Ukraine and Taiwan, two of the most sensitive geopolitical controversies between China and the West, come as Chinese President Xi Jinping is planning a trip to Moscow, according to the Russian government.
Insisting that the Russia-Ukraine “conflict” was merely an “unavoidable” talking point, Fu said Beijing otherwise enjoys a multifaceted “traditional friendship” with Moscow.
“Frankly speaking, we are quite concerned about the possible escalation of this conflict,” Fu said at an event hosted by the European Policy Centre in Brussels. “And we don’t believe that only providing weapons will actually solve the problem.”
“We are quite concerned about people talking about winning a complete victory on the battlefield. We believe that the right place would be at the negotiating table,” Fu added.
His remarks come on the same day as Zelenskyy visits London, his first trip to Western Europe since Russia launched its full-scale invasion almost a year ago. POLITICO reported that Zelenskyy — who according to his aides has never had his calls picked up by Xi, while the Chinese leader has instead met or called Putin on multiple occasions over the past year — was also planning a visit to Brussels on Thursday, before bungled EU communications threw the trip into doubt.
The idea of a “complete victory” for Ukraine has been most vocally supported by Baltic and Eastern European countries. French President Emmanuel Macron has vowed support for “victory” for Ukraine.
But toeing Xi’s line, Fu said the “security concerns of both sides” — Ukraine as well as Russia — should be taken care of.
Fu also dismissed the comparison between Ukraine and Taiwan, both of which face military threats from a nuclear-armed neighbor.
“I must state up front that [the] Ukrainian crisis and the Taiwan issue are two completely different things. Ukraine is an independent state, and Taiwan is part of China,” he said. “So there’s no comparability between the two issues.”
He went on to criticize the EU’s handling of the Taiwan issue.
“Nowadays, what we’re seeing is that there is some erosion of these basic commitments. We see that the parliamentarians and also senior officials from the EU institutions are also visiting Taiwan,” he said.
The European Commission has not publicized any details of its officials’ visit to Taiwan. The European External Action Service, the EU’s diplomatic arm, has not replied to a request for comment.
If the EU signed an investment treaty with Taiwan, Fu said this would “fundamentally change … or shake the foundation” of EU-China relations. “It is that serious.”
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#China #Drop #calls #Ukraines #complete #victory
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