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INDIA IN VANCOUVER-WEEKLY
NEWSLETTER
Issue No-45 -09/02/2024
Consulate Weekly Newsletter
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Consul General Manish had a meeting with Mr Peter Scott, the President of the Commonwealth of Learning (COL) on 8 February 2024 at COL Headquarters. Mr Scott and his colleagues briefed Consul General on the activities of COL and its work in the member countries. They also briefed on COL’s work in India in the field of education and skill training. Mr Scott also gave the Consul General a tour of the COL premises.
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Consulate General of India in partnership with Director General of Hydrocarbons (DGH) organized an interactive session in Calgary to promote opportunities in Exploration & Production (E&P) in oil & gas Sector in India. Consul General welcomed the guests and gave an overview of Indian economy; the energy sector in India and spoke on opportunities available in E&P Sector in connection with Launch of 9th round of Open Acreage Licensing Policy (OALP) bid launched by Ministry of Petroleum & Natural Gas, Government of India on 3 January 2024. A detailed presentation on the bid was made by officials from Director General of Hydrocarbon (DGH). During this phase, there are 28 blocks on offer, which is spread across 8 Sedimentary Basins and include 9 on land blocks, 8 shallow water blocks and 11 Ultra-Deep-water blocks. The bid has opened on 3rd January and will end on 29th February, 2024. Details of bids are available on the website of the Director General of Hydrocarbon website. (dghindia.gov.in). Guests were briefed on Hydrocarbon Exploration and Licensing Policy (HELP) of India and were also informed about the National Data Repository (NDR), which is integrated depository of India’s E&P Data. They were also informed of incentives introduced in 2023 and entry pathway for foreign investors and bidding structure. The event was attended by prominent Calgary based companies.
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Consul General Manish was pleased to meet Mr. Joseph Selvaraj, President & CEO, SBI Canada, during his visit to Vancouver. Both sides discussed the possibilities of working together to promote economic engagement between India and Canada.
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Forthcoming Exhibitions in India
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Ministry of Food Processing Industries, Government of India, is organizing 3rd edition of World Food 2024 from 19th to 22nd September 2024, at Pragati Maidan, New Delhi, India.
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INCREDIBLE INDIA-KARNATAKA
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Karnataka
The South Indian State of Karnataka is flanked by Andhra Pradesh and Telegana in the east, the Arabian Sea in the west, Maharashtra and Goa in the north and northwest, and the states of Kerala and Tamil Nadu in the south. Karnataka is a land of sheer diversity; be it Heritage, Culture, Nature, Beaches or Wildlife. Karnataka is primarily known for its Heritage destinations and its Wildlife/ National Parks. Apart from that, it is also famous for its magical hill stations, spectacular waterfalls, pilgrimage centres and a 320km long coastline dotted with un-spoilt beaches. Thus, making it an ideal place for a traveller with diverse interests. A land known for its silks, spices and sandalwood, Karnataka adds up as an experience to remember for a lifetime. Tourism in Karnataka stands out with its diverse offerings that include wildlife & national parks, monuments & heritage sites, beaches and pilgrimage sites. Yet another notable point is that tourist attractions in Karnataka are located at geographically extreme ends which interestingly make the capital Bengaluru (Silicon Valley of India), the focal point of tour itineraries.
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KNOW YOUR MILLETS- PEARL MILLET
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Pearl Millet
Sorghum is a crop from the Gramineae family that is high in carbohydrates and has the scientific name Sorghum bicolor L. It is one of the staple crops for millions of semi-arid residents, is also known as “The KING OF MILLETS'. Its main ingredient is starch, which is digested more slowly than in other cereals and also has a low protein and fat digestibility. The onset of non-communicable diseases is significantly influenced by oxidative stress and excessive free radical production. The expression of the phase II enzyme is controlled by sorghum derived phenolic chemicals. These operate as the body's natural defense against oxidative stress by converting highly reactive electrophilic species (RES)into harmless and excretable metabolites. The most extensively cultivated millet is pearl millet (Pennisetum glaucum, P. typhoides, Pyridium, and P. americanum). Large stems, leaves, and heads characterize this summer cereal grass.
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Indian economy set for 6.7% growth till 2031, says CRISIL Report
The Indian economy is anticipated to experience a consistent growth of 6.7 percent annually from 2024 to 2031, as per the latest report by CRISIL. This projection slightly surpasses the pre-pandemic average of 6.6 percent, PTI reported.
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Budget 2024: US-India Business Council lauds US and Indian govts for their focus on iCET sectors
As the interim budget for the financial year 2024-25 was rolled out on February 01, President of the US-India Business Council (USIBC) Atul Keshap lauded US and India governments for their focus on iCET sectors and budget.
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Indian B2B fintech industry to reach $20 billion market size by 2030: Report
India’s enterprise fintech industry is poised to touch a market size of $20 billion driven by sectors like banking, lending, payment, and insurance even as funding for the segment has come by nearly 53% to $2.4 billion in 2023 due to an overall slowdown in funding activity.
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Indian toy makers receive orders worth crores at German fair
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Indian toy makers, who participated in the five-day international toy fair in Nuremberg, Germany, have received huge orders worth crores as they had showcased high-quality products, exporters say. According to the toy exporters, buyers from countries such as the US, UK, South Africa, and Germany showed interest in their products and placed a good number of orders.
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India’s healing touch
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Foreign travel to India for medical purposes saw a 66% rise in 2021 despite the Covid-19 pandemic. As per information provided by the Union ministry of tourism, in 2020, 183,000 tourists came to the country for medical treatment. The number went up to 304,000 in 2021, and over 1.4 million medical tourists visited India in 2022.
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India ranks 3rd in USGBC's list on green building certification for 2023
India ranked third in the US Green Building Council's (USGBC) annual list of top 10 countries and regions in the world for LEED (Leadership in Energy and Environmental Design) certification in 2023. The United States has not been included in the list.
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India Energy Week 2024: It’s Here, It’s Bigger, And It’s Putting Bharat First
This year ONGC Institute of Petroleum Safety, Health and Environment Management (IPSHEM) in Goa will play host to the second edition of the India Energy Week scheduled from February 6-9. Prime Minister Narendra Modi is all set to inaugurate the event, which will see the convergence of ministers, policymakers, decision-makers, academics, entrepreneurs, and business leaders.
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Accelerating 'Make in India': Intel, IT Hardware Gear Up Domestic Manufacturing, Innovation
The Indian ecosystem is gearing up for technological advancements and opportunities to be explored in driving excellence across the IT value chain. The focus has shifted to 'Brand India' for India and the world. Intel India, on Thursday, showcased an extensive range of domestically manufactured laptops and IT products at the India Tech Ecosystem Summit in New Delhi.
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India’s $500 billion AI GDP by 2025: Microsoft CEO Satya Nadella highlights potential of AI in economic growth
Microsoft CEO Satya Nadella, during his keynote in Mumbai, emphasised the potential of Artificial Intelligence (AI) in driving economic growth in India. He highlighted how popular Indian brands are already reaping the benefits of AI, including Microsoft’s own AI tool for organisations and users called Copilot.
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Microsoft announces new initiative to train 2 million Indians in AI by 2025
Microsoft has announced an ambitious initiative to equip 2 million people in India with skills in artificial intelligence by 2025. Dubbed ADVANTA(I)GE INDIA, the program aims to accelerate India’s AI transformation and empower its workforce for the jobs of the future.
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Apple set for robust 2024 in India as iPhone sales continue to soar: Analysts
Apple is set for another successful year, with double-digit growth in its iPhone sales in 2024 in India on the back of improving financing options and an ongoing premiumisation trend where more customers are opting for pricier premium smartphones, analysts said.
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Over 9,300 Cr UPI Transactions in 2023-24, Other Countries Join India's Digital Payment Boom: Finance Ministry
India made more than 9,300 crore UPI transactions in 2023-24 (till December 31 last year), said minister of state for finance Bhagwat Karad on Monday. Addressing key questions on the inclusion of residents from other countries in the unified payments interface user list, he also said a total of 386 such transactions were conducted in foreign countries in 2022.
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Scientists Develop 3D-Printed Brain Tissue, Opens New Dimension For Therapies
Scientists, in a groundbreaking achievement, have successfully produced the world’s first 3D-printed brain tissue, marking a significant leap forward in the quest for advanced treatments for neurological and neurodevelopmental disorders. This development is poised to have a profound positive impact on scientific research endeavours targeting a broad spectrum of neurological conditions, including Parkinson’s and Alzheimer’s disease.
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PM Suryodaya Yojana will help in self-sufficiency in country's energy needs
Soon after the historic inauguration of Shri Ram Mandir in Ayodhya, the epoch-making event this year, Prime Minister Modi announced the launch of a new scheme, Pradhan Mantri Suryodaya Yojana, to install solar rooftop systems on one crore houses in India.
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UAE wealth fund said to plan $4-5 bn investments via India’s new finance hub
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat, according to two sources with direct knowledge of the matter.
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India-Australia friendship 10 out of 10; PM Modi an inspiring leader: Former Australia PM Malcolm Turnbull
Former Australian Prime Minister Malcolm Turnbull has rated the Australia-India friendship 10 out of 10 and called Prime Minister Narendra Modi an inspiring leader who is "making a huge difference". The bonhomie between the two leaders was visible in the many photos from Mr. Turnbull's first visit to India in 2017.
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