Tag: partnership

India, South Korea aim to consolidate special strategic partnership

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New Delhi: External Affairs Minister S Jaishankar on Friday held wide-ranging talks with his South Korean counterpart Park Jin to take forward the special strategic partnership between the two countries, especially in areas of trade and defence.
The two foreign ministers also deliberated on the Ukraine conflict and the overall situation in the Indo-Pacific, a region that has witnessed growing Chinese military assertiveness.
Park is on a two-day visit to India.

On the bilateral side, the Jaishankar-Park talks covered cooperation in areas of trade and investments, defense, science and technology, energy, space, semiconductors, emerging technologies and cultural exchanges.
“I’m really very glad to have the opportunity to take forward our special strategic partnership. This is also the 50th anniversary of the establishment of our diplomatic relations,” Jaishankar said in his opening remarks at the meeting.
“And you come at a very good time, because our trade is very good, our political relations are very cooperative,” he said.
In his opening remarks, Park referred to the commonalities between the two sides and their commitment to the Indo-Pacific. “We are both exemplary democracies, vibrant economies and cultural powers and we are both committed to contributing to a free, open, peaceful and prosperous Indo-Pacific region,” he said. “In this way, South Korea and India are natural partners and I have a strong belief that the special strategic partnership between our two countries is the strongest partnership in the Indo-Pacific region,” the South Korean foreign minister said.
Park also spoke about India’s “increasingly pivotal role” in the international stage and that the country is is set to further impact the world as the president of the G20.

“India has also demonstrated to the world its cultural prowess with the recent Oscar win, and I must say the ‘Naatu Naatu’ song and dance has captivated the world,” he added. In a Twitter post, Jaishankar described the talks as “warm and wide-ranging”.
“Noted steady progress in our ties. Discussed political contacts, trade & investments, defense, S&T, energy, space, semiconductors, emerging technologies and cultural exchanges,” he said.
“Also shared perspectives of our neighborhoods, our visions and policies in the Indo-Pacific and the Ukraine conflict. Agreed to cooperate closely on global and multilateral issues,” he said.
Before meeting Jaishankar, Park called on Vice President Jagdeep Dhankhar.
On Saturday morning, Park will leave for Chennai.
“I know tomorrow you’re visiting the Hyundai plant in Chennai. So that itself, Hyundai in many ways is a symbol of the relationship that we have,” Jaishankar said in his opening remarks.
“We have also expanded our relationship today to cover the economic development cooperation fund; we are doing projects under that,” he said
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#India #South #Korea #aim #consolidate #special #strategic #partnership
( With inputs from www.siasat.com )

April 8, 2023
Russia vows to build on privileged strategic partnership with India

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New Delhi: Russia on Friday described India and China as “friendly sovereign global centres of power” and vowed to give particular importance to comprehensive deepening of ties and enhancement of coordination with them.
Unveiling its new concept of foreign policy, approved by President Vladimir Putin, Moscow also asserted that its attitude towards other countries and multilateral bodies is contingent on the constructive, neutral or unfriendly character of their policies with respect to it.
Russia also said it places special emphasis on increasing the volume of bilateral trade with India, strengthening investment and technological ties, and ensuring resistance to destructive actions of “unfriendly states and their alliances”.
In the document, Russia underlined that it will build on a privileged strategic partnership with India with a view to enhance and expand cooperation in all areas on a mutually beneficial basis.
“A comprehensive deepening of ties and enhancement of coordination with friendly sovereign global centres of power and development, which are located on the Eurasian continent and committed to approaches which coincide in principle with the Russian approaches to a future world order and solutions for key problems of the world politics, is particularly important for achieving strategic goals and major objectives of the foreign policy of the Russian Federation,” the policy statement said in its sub-section on China and India.
Russia aims at further strengthening the comprehensive partnership and the strategic cooperation with China and focuses on the development of a mutually beneficial cooperation in all areas as well as enhancement of coordination in the international arena to ensure security, stability and sustainable development at the global and regional levels, both in Eurasia and in other parts of the world, said the policy document titled ‘The Concept of the Foreign Policy of the Russian Federation’.
It said it seeks to transform Eurasia into a continental common space of peace, stability, mutual trust, development and prosperity.
Achieving this goal implies comprehensive strengthening of the Shanghai Cooperation Organization’s (SCO) potential and role in ensuring security in Eurasia and promoting its sustainable development by enhancing the organisation’s activities in the light of current geopolitical realities, the document said.

The goal also implies establishment of the broad Greater Eurasian Partnership integration contour by combining the potential of all the states, regional organisations and Eurasian associations, based on the EAEU, the SCO and the Association of Southeast Asian Nations (ASEAN), as well as the conjunction of the Eurasian Economic Union development plans and the Chinese initiative “One Belt One Road”.
Russia also called for strengthening the economic and transport inter-connectivity in Eurasia, including through modernisation.
It also sought a comprehensive settlement in Afghanistan, assistance in building it as a sovereign, peaceful and neutral state with stable economy and political system which meets the interests of all the ethnic groups living there and opens up prospects for integrating Afghanistan into the Eurasian space for cooperation.
In the document, Moscow also sought enhancing the capacity and international role of the interstate association of BRICS, the SCO, the Commonwealth of Independent States (CIS), the Eurasian Economic Union (EAEU), the Collective Security Treaty Organization (CSTO), the RIC (Russia, India, China) and other interstate associations and international organisations.
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#Russia #vows #build #privileged #strategic #partnership #India
( With inputs from www.siasat.com )

March 31, 2023
KU Mulls Partnership With JK Bank To Facilitate Student Training Under NEP-2020

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SRINAGAR: A team of senior academics from the University of Kashmir on Friday held detailed deliberations with top-level management of the JK Bank to develop a close linkage with the corporate sector for providing hands-on training to the varsity’s students.
Speaking about the objectives of the developing such linkages, Vice-Chancellor KU Prof Nilofer Khan said the National Education Policy-2020 envisages students to be trained to tackle the real world problems and get exposed to working environments outside the University system.
“The NEP emphasises that students will have to work in the field as part of requirement for completion of their degrees. Such linkages with corporate institutions like JK Bank are therefore very significant,” she said.
The KU team, which held the marathon deliberations at the JK Bank’s Corporate Headquarters in Srinagar, was led by Dean of Academic Affairs Prof Farooq A Masoodi, and included Prof S Mufeed Ahmad from Department of Management Studies, Prof Aneesa Shafi, Dean of Students’ Welfare and Prof Bikram Singh Bali from Department of Earth Sciences.
Giving details about the interactive session, Prof Masoodi said that a joint committee is being constituted to identify areas for mutual cooperation between the two institutions. He said the University of Kashmir proposed to offer some management development programmes (MDPs) for bank officers, besides providing its assistance in project evaluation, monitoring and field surveys.
He said the University expects the bank to provide internship facilities to the varsity students in relevant areas of study.
The management of the bank was represented by Mr Syed Rais Maqbool, Mr Syed Shafat Rufai, Mr Imtiyaz Ahmad Bhat, Mr Shabir A Bhat and Mr Syed Arshid Qadri.
The Bank officers desired periodical meetings with the University to make the linkages more productive.

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#Mulls #Partnership #Bank #Facilitate #Student #Training #NEP2020
( With inputs from : kashmirlife.net )

March 17, 2023
2nd meeting of Global Partnership for Financial Inclusion to be held in Hyd on Mar 6-7

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Hyderabad: The second meeting of the Global Partnership for Financial Inclusion (GPFI) under G20 India Presidency will be held in Hyderabad from March 6-7, a top official said on Friday.
The second GPFI meeting is expected to take forward the discussions on the development of important deliverables for the year including those on Digital Financial Inclusion, SME Finance and development of Financial Inclusion Action Plan 2023 which will guide the financial inclusion work for 2024-26, said Chanchal Sarkar, Economic Advisor, Ministry of Finance, Department of Economic Affairs.
The pre-events to the second G20 GPFI meeting are intended to exchange ideas and experiences with emerging economies of the Global South on leveraging new innovations such as Digital Public Infrastructure (DPI) including digital payments eco-system leading to enhancing digital financial inclusion, Sarkar told reporters here.
The meeting will be preceded by a Knowledge and Experience Exchange Programme for the emerging economies of the Global South to be held from March 4-6, said G20 chief coordinator Harsh Vardhan Shringla.
On March 6, a GPFI Symposium on Digital Innovations in Payments and Remittances will also be held for both G20 and non-G20 countries.
The first GPFI meeting was held in Kolkata from January 9-11 where members discussed and agreed upon the work programme and priorities for the year, Sarkar said.
The Knowledge and Experience Exchange Programme on advancing digital financial inclusion is expected to see the participation of Ministry of Finance and Central Bank representatives from Bangladesh, Bhutan, Egypt, Ethiopia, Ghana, Jordan, Malawi, Maldives, Nepal, Oman, Philippines, Poland, Senegal, Sierra Leone, Sri Lanka, Thailand and Vietnam.
Regional organisations, namely, the Asian Development Bank, the African Union Commission, the African Continental Free Trade Area (AfCFTA), the Arab Monetary Fund, the Eastern Caribbean Central Bank, the Gates Foundation, the Organisation of Eastern Caribbean States and Smart Africa would attend.

Experiences and know-how from experts from India, including from the Ministry of Finance, Reserve Bank of India, National Payments Corporation of India, Unique Identification Authority of India will be shared to reflect the Indian experience in transforming the financial inclusion landscape by leveraging DPIs, he said.
This exchange programme will also enable non-G20 Emerging Market Economies (EMEs) to share their priorities, ideas and aspirations for advancing financial inclusion which will be useful takeaways for the G20 as it works towards developing a Financial Inclusion Action Plan (FIAP) for 2024-26, Sarkar added.
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#2nd #meeting #Global #Partnership #Financial #Inclusion #held #Hyd #Mar
( With inputs from www.siasat.com )

March 3, 2023
France’s Total puts hydrogen partnership with Adani on hold for now

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New Delhi: France’s TotalEnergies, one of the largest foreign investors in billionaire Gautam Adani’s business empire, said it has put on hold participation in the Indian conglomerate’s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller.
While the partnership with Adani group was announced in June last year, TotalEnergies has not yet signed a contract, the French group’s chief executive Patrick Pouyanne said at an earnings call.
As per the June 2022 announcement, TotalEnergies was to take 25 percent equity in Adani New Industries Ltd (ANIL) – the Adani Group firm that is investing USD 50 billion over 10 years in a green hydrogen ecosystem that includes an initial production capacity of 1 million tonnes before 2030.
“Obviously, the hydrogen project will be put on hold until we have clarity,” Pouyanne said.
TotalEnergies, which has an exposure of USD 3.1 billion in the Adani group, will wait for the result of an audit launched by the conglomerate in response to allegations of accounting and financial fraud leveled by Hindenburg Research.
Adani group has vehemently denied the allegations, calling them malicious and an “attack on India”.
“It was announced, nothing was signed. It doesn’t exist,” Pouyanne said, referring to the hydrogen venture. “Mr Adani has other things to deal with now, it’s just good sense to pause things while the audit goes forward.”

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#Frances #Total #puts #hydrogen #partnership #Adani #hold
( With inputs from www.siasat.com )

February 8, 2023