Issue no 9, June 10, 2022
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India in Vancouver - Weekly Newsletter
Issue No. 9, June 10, 2022

Consulate Weekly Newsletter

Located in New Delhi, India, the Lotus Temple is a house of worship erected in 1986.
Azadi Ka Amrit Mahotsav is an initiative of the Government of India to celebrate and commemorate 75 years of progressive India and the
glorious history of it's people, culture and achievements. 
www.india75.nic.in
   

                    

 

 

 

 

Consulate News

Consulate General of India, Vancouver organized an Interesting fireside chat with noted anchor, journalist Smt. Richa Anirudh on 3 June, 2022 in the premises of Consulate. CG Manish also screened a PowerPoint presentation on economic opportunities and success stories in India. Around 35 Diaspora people attended the event. Hon. Sukh Dhaliwal, MP, Surrey-Newton also graced the event.

Consulate News

Consul General of India Mr. Manish along with Mr. Prasad Panda, Minister of Infrastructure, Government of Alberta and Mr. Greg McLean, Member of Parliament, Calgary Centre, Alberta inaugurated the India Pavilion on 7 June 2022 at the Global Energy Show 2022 being held at BMO Center at Calgary, Canada. Twenty Indian companies under the banner of Indian Chamber of Commerce (ICC), Kolkata are participating in the event and represent companies in the field of integrated energy, transmission and distribution, gas & LNG, power generation & utilities, refineries and technology providers. The participants from India is being supported by the Ministry of Commerce & Industries, Government of India.

Consulate News

Consul General of India Mr. Manish participated in the inauguration of a delivery Centre in Calgary by Indian IT Company Mphasis on 7 June. Mphasis is IT solution provider specializing in cloud and cognitive services. The event was attended by Hon Doug Schweitzer, Minister of Jobs, Economy, and Innovation; Mr. Prasad Panda, Minister of Infrastructure, Mr. Nitin Rakesh, CEO & Executive Director, Mphasis; Brad Parry, President & CEO, Calgary Economic Development; Dr. Ed McCauley and Vice-Chancellor, University of Calgary and Mr. Rick Christiaanse, CEO, Invest Alberta. Located at First Tower in downtown Calgary, the company plans to create 1000 tech jobs over two years in Alberta, Based in Bangalore, India with a revenue of $1.6 billion in FY 2022 and over 36,000 employees, the company announced in June 2021 its intention to expand operations in Alberta.

Consulate News

Consul General Manish visited the office of Indian Ex-servicemen Immigrant Association in Calgary and met with the office bearers and members of the Association. CG was welcomed by Mr. Balkar Singh Sandhu, former President and Mr. Mohinder Singh Deol, Current President. During the interactive meeting Consul General highlighted the developments in India, India-Canada bilateral relations, various changes in the Consular services. He also highlighted the ongoing Azadi Ka Amrit Mahotsav celebrations (AKAM) and outlined the Consulate's vision to hold a programme to celebrate this occasion with Ex-Service Association in Calgary in September 2022. Indian Ex-servicemen Immigrant Association in Calgary is a society of veterans who have served in Indian Armed forces and now live in Calgary area.

Important Trade Fairs in India

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Invest India
India is the second largest producer of Fruits & vegetables in the world

According to APEDA data, India is the largest producer of vegetables such as ginger and okra and second largest producer of vegetables such as potatoes, onions, cauliflowers, brinjal, and cabbages. While it is the largest producers of fruits such as Bananas, Papayas, and Mangoes. There is a huge opportunity in harnessing the potential of fruits and vegetables processing in India in the form of frozen (IQF), canned, pulp, puree, paste, sauces, snacks, dressings, flakes, dices, dehydration, pickles, juices, slices, chips, jams and jelly.

 

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Adventure
Dune Bashing in Jaisalmer 

In India Jaisalmer is the place where you can enjoy this adrenaline adventure. A 4×4 SUV is led in the desert sitting inside which you’ll experience the dashing of sand coming its way. Enjoying a spell of dune bashing, Dubai-style, on the Sam sand dunes, 44 km from Jaisalmer in the midst of the Thar desert. Keep the traditional camel ride aside and get into the dune bashing in lavish style

 

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Incredible India
Bankura, Bikna – Dokra art
Bikna is a village in Bankura-II Block in Bankura District of West Bengal. The history of the Dokra artists in Bikna is about 150 years old. A group of craftspeople at that time migrated from Chotonagpur region and settled to Rampur beside Bankura. Over the time Bikna has become a hub Dokra artists and their habitation is known as Shilpadanga. Bankura is the nearest railway station and is 3 km away from Bikna. Bankura is well connected to Kolkata and can be reached by train in 4 hours. It takes approximately 3.5 hours to reach Bikna by car from Kolkata. Presently 163 craftspeople including women in 58 families are associated with this ancient tradition. They are from community known as 'Karmakar' which means metal workers. The artists has organised themselves under a society called Bankura Bikna Hastajata Dokra Kutir Shilpa Kalyan Samity which was set up in 2013.

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Incredible India
Neer Mahal, Tripura

Neer Mahal (meaning “Water Palace”) is a former royal palace built by King Bir Bikram Kishore Manikya Bahadur of the erstwhile Kingdom of Tripura, India in the middle of the lake Rudrasagar in 1930 and was completed by 1938. It is situated in Melaghar, 53 kilometers away from the Agartala, the capital of Tripura. The palace is situated in the middle of Rudrasagar Lake and assimilates Hindu and Muslim architectural styles. The palace is the largest of its kind in India and the only one in Eastern India. There are only two water palace in India another one is the Jal Mahal in Rajasthan.

 

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COVID-19 - Travel Advisories and Updates

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India Perspectives - The Flagship Magazine of MEA

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India wants to be the ‘pharmacy of the world.’ But first, it must wean itself from China

India has embarked on an ambitious plan to cut dependence on China for key raw materials as it seeks to become self-sufficient in its quest to be the “pharmacy of the world.”

 

 

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India needs to adopt aggressive approach to attract businesses: USISPF

India must adopt an "aggressive approach" to attract multinational corporations to set up and expand their bases in the country, a top Indian-American business advocacy group has said, observing the ongoing Russia-Ukraine war is leading to a tectonic shift in global trade.

 

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$10b trade with India not adequate: DCCI president

"The existing bilateral trade of about $10 billion is not adequate as businesses have no border. The private sector of both Kolkata and Bangladesh has to take the lead in boosting cross-border trade," he told Indian Chamber leaders. With the aim to explore new windows of opportunities for trade and investment, a 47-member delegation of DCCI, led by its President Rizwan Rahman, attended an interactive business networking seminar followed by a fruitful business-to-business (B2B) session with the Indian Chamber of Commerce (ICC) at the latter's headquarters in Kolkata, India on Thursday (6 May), said a press release on Friday.

 

 

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Imports, not exports, are key to the economy and to our trade

The idea of India has been tied closely to the idea of ‘make in India’ for more than a century now. The connection was quite close and easy to make -- India must be built by Indians, not only politically but also economically. The Swadeshi movement began 117 years ago, in Kolkata, and was quite clearly an important part of the struggle for independence.

 

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Bill Gates surprises me with his knowledge of India and love for Indian food: Vedanta's Anil Agarwal

The recently concluded World Economic Forum (WEF) turned out to be a special one for Vedanta Resources Chairman Anil Agarwal as he got to reconnect with Microsoft co-founder Bill Gates in Davos.

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India sends 15,000 litres of kerosene for fisherfolk in crisis-hit Sri Lanka

India sent 15,000 litres of kerosene to Sri Lanka on Saturday to help 700 fisherfolk and power ferry services in the Tamil-dominated Jaffna city, days after it delivered around 40,000 metric tonnes of petrol to the debt-ridden island nation which is grappling with its worst economic crisis.y.

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US surpasses China as India's biggest trading partner in FY22 at $119.42 billion

The United States became India's top trading partner in 2021-22, leaving China behind. Official data revealed the two-way commerce between US and India reached $119.42 billion compared to $80.51 billion in 2020-21. The two-way trade between India and China was at $115.42 billion in 2021-22, up from $86.4 billion in 2020-21.

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Japan's 5 trillion yen investment plan depends on India's atmosphere

Japanese deputy chief of mission in India Kawazu Kunihiko on Sunday said the investment target of five trillion yen over the next five years from his country will depend on the "investment atmosphere" in India. The diplomat, however, asserted that the relationship between Japan and India is on the rise in every field.

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India is an attractive investment opportunity: Goldman Sachs CEO David Solomon

Since 2006, Goldman Sachs has invested nearly $7 billion in India of proprietary as well as client capital that it manages, and continues to see opportunities, given the growth prospects, said its top executive.

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Google backs ShareChat in $300 million funding at $5 billion valuation: Report

The parent company of India's ShareChat has raised almost $300 million in new capital from Alphabet Inc's Google, media behemoth Times Group, and Singapore's Temasek Holdings, valuing the social media platform at nearly $5 billion.

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India 10-year bond yield rises to 3-week high; GDP data in focus

India’s benchmark 10-year bond yield touched a three-week high in early trade on Tuesday, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy aggressively to contain inflation.

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India's GDP grew by 8.7% in FY22 after 6.6% contraction previous fiscal

India's economic growth or GDP slipped to 4.1 per cent in the fourth quarter of 2021-22, while annual growth stood at 8.7 per cent, according to the government data released on Tuesday. In the previous fiscal 2020-21, the economy had contracted by 6.6 per cent as the Covid-19 pandemic disrupted business activities.

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India's merchandise exports up by 15.46%, touch $37.3 bn in May

India’s merchandise exports in May 2022 stood at $37.29 billion, a 15.46% year-on-year increase compared to $32.30 billion in May 2021, according to official data released by the Ministry of Commerce and Industry on Thursday. India’s merchandise exports in the first two months of current fiscal year (April -May 2022-23) was $77.08 billion with an increase of 22.26% over $63.05 billion in April -May 2021-22, the data revealed. Non-petroleum exports totalled USD 29.18 billion in May 2022, an increase of 8.13% above non-petroleum exports of USD 26.99 billion in May 2021. In April-May 2022-23, the total value of non-petroleum exports

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India delivers 3.3 tons of medical supplies to Sri Lanka's free ambulance service

India has sent medical supplies for use by a free pre-hospital ambulance service in Sri Lanka that it helped set up in 2016. The supply comes as India continues to help the embattled island nation which is reeling under a severe economic crunch and a shortage of essential items, including food, fuel, and medicine. During his visit to Sri Lanka in March, Jaishankar was informed about shortage of medicines faced by the 1990 Suwa Seriya free pre-hospital care ambulance service.

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KKR veteran hunts for India’s startup stars with new fund

Sanjay Nayar, a KKR Co. adviser in India, is setting up his own venture fund targeting early-stage startups at a time when some of the country’s most-celebrated tech firms are suffering from tanking valuations.

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Bilateral trade between India and Korea grew 40% to $23.7 billion in 2021

The bilateral trade between India and Korea grew 40 per cent to USD 23.7 billion in 2021, according to Korea Trade-Investment Promotion Agency (KOTRA). In 2020, the value of bilateral trade between the two countries was at USD 16.9 billion.

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Japan will surpass 5 trillion Yen investment in India

With every passing day, India-Japan relations are scaling new frontiers. The bilateral talks between Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida on the sidelines of the Quad summit in Tokyo on May 24 provided a fresh momentum to the blossoming Indo-Japan relations. In this interview in Tokyo, India’s Ambassador to Japan, Sanjay Kumar Verma highlights the developing personal chemistry between the leaders of India and Japan and visible progress in crucial areas such as trade and investment, supply chains and defence.

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India delivers consignments of medical supplies to Sri Lanka

India on Sunday delivered consignments of essential medicines to a hospital in Sri Lanka to bridge the shortage of medical supplies in the island nation amidst the country's ongoing economic crisis, according to the Indian High Commission here.

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Puma launches mobile shopping app in India to enhance digital offerings

German sports brand Puma on Tuesday said it has launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.

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US plans record visas for Indian students this year

The US is expecting another record-breaking year in terms of issuance of visas to Indian students this summer, said US Chargé d’Affaires Patricia Lacina here on Tuesday. Last year, the US issued visas to record 62,000 Indian students.

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Indian sugar output could rise to a record, says trade group

India could produce a record 36 million tonnes of sugar in 2021/22, nearly 3% more than estimated, as output increased more than anticipated in the western state of Maharashtra and neighbouring Karnataka, a trade association said on Wednesday.

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India's top e-recycler Attero to spend $1 bln to expand as EVs take off

India's largest electronics recycling firm Attero Recycling will spend $1 billion in the next five years and add plants in Poland, Ohio and Indonesia starting this year, its CEO told Reuters, aiming to tap into a global boom for electric vehicles.

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