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India in Vancouver - Weekly Newsletter
Issue No. 42. February 24,2023
Consulate Weekly Newsletter
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PM Modi addressed post-budget webinar on ‘Green Growth’ on February 22 2023. He outlined three pillars for green growth and energy transmission. First, increasing the production of renewable energy; second, reducing the use of fossil fuel in the economy; and finally, rapidly moving towards a gas-based economy in the country.
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To celebrate International Year of Millets 2023, Consulate General of India in Vancouver organized a presentation on Indian millets on 23 February 2023 to a gathering of 120 people from business community, diplomatic corps, investors, bankers and media. Consul General Mr. Manish made a detailed presentation and outlined significance of India’s leadership role in the UN-designated International Year of Millets 2023 and India’s multifarious connect with Millets; health benefits; Key messages of IYM 2023 and fulfilling the Sustainable Development Goals; positioning India as a “Global Hub for Millets”; Seven sutras to grow the production and consumption and importance of millets for food security and sustainable development. He also dwelt on the opportunities of investment in the millet ecosystem. Presentations were made by Mr. Aaron Stephen, Co-founder of Canadian Company Nature's Path and Dr. Arun K Garg, Health practitioner and President, Canada-India Network Society, highlighting agricultural, nutritional and commercial aspects of millets. Hon'ble Prime Minister of India's video message on #IYM2023 was also screened. Guests were treated with a sumptuous millet-based feast.
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INCREDIBLE INDIA-TELANGANA
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Telangana is a newly made Indian state founded on 2 June, 2014. It was earlier part of Andhra Pradesh only. The most majestic lure of Telangana remains Hyderabad housing some splendid domes and minarets of prehistoric mosques, mausoleums and fortress. The state embraces a rich history and cultural heritage which entice travellers to Telangana from far and wide.
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India will be among pack of nations that shape the future of technology
India will be among the pack of nations that will shape the future of technology said Union Minister of State for Information Technology Said Rajeev Chandrashekhar during his address at the Economic Times Global Business Summit on Saturday. Speaking on the debate topic, India's Tech ade-A decade of Opportunities Chandrasekhar said that PM Narendra Modi had set out a three fold vision for IT in 2005.
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'Remarkable progress': Bill Gates says India is a model for world, 'gives hope for future'
Microsoft co-founder and Bill and Melinda Gates Foundation co-chair Bill Gates hailed India and said that the country gives hope for the future. He added that India proved that it could solve the big problems at once even when the world is facing multiple crises.n his blog "Gates Notes", the Microsoft co-founder said that he believed that the world is capable of making progress on lots of big problems at once with the right innovations and delivery channels.
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India remains ‘bright spot’, to contribute 15% of global growth in 2023
India continues to remain a relative “bright spot” in the world economy, and will alone contribute 15 per cent of the global growth in 2023, International Monetary Fund (IMF) managing director Kristalina Georgieva said. While digitisation pulled out the world’s fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for capital investments provided in the next year’s budget will help sustain the growth momentum.
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Neutral nations like India will prosper’: Bridgewater founder Ray Dalio on country's economic growth
American billionaire investor Ray Dalio expressed a very bullish outlook on India, predicting that country will have the strongest growth among other nations' economies in the years to come, reported Gulf News. Ray Dalio ranked India high during a session titled 'Governments and Shifting Global Order' at the World Government Summit 2023 in Dubai.
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India fastest growing in the world, says Netflix co-CEO Ted Sarandos
American streaming major Netflix is betting on India as an entertainment hub for the world. Netflix co-CEO Ted Sarandos, who’s on a short visit to India, told reporters on Friday that the India market witnessed the fastest growth in 2022.
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India can grow at 8%; the time is right to draw investment, says World Bank President
This is the right time for India to attract investment amid a global diversification of supply chains and manufacturing, he told ET in an interview, calling for a focus on making the country competitive. Malpass is in India to attend a meeting of G20 finance ministers and central bank governors. He met Prime Minister Narendra Modi and finance minister Nirmala Sitharaman on Wednesday.
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Jaishankar Lauds UPI Leap, ‘India Records Largest Cashless Transactions In The World’
India records the largest amount of cashless transactions in the world, said External Affairs minister S Jaishankar at the Raisina at Sydney event in Australia, referring to the Unified Payments Interface (UPI) transactions..Speaking at the Raisina at Sydney Business breakfast event he said, "If you look at our cashless transactions, the UPI, I think we record the largest number of cashless transactions in the world. So there's been a kind of a technology leapfrogging in the psyche of people, and that's been actually a very big difference."
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India has done remarkable job under PM Modi of transforming economy: U.K. MP Bob Blackman
Noting that the British government regards India as a strong friend and a strong ally, United Kingdom MP Bob Blackman has said that India has done a remarkable job under Prime Minister Narendra Modi in transforming the economy and the country is on track to becoming the leading economy of the world.
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There is every reason for India to be confident Says Hans Paul Burkner Of BCG
There is every reason for India to be confident about the future and to embrace the opportunities given how the geopolitical world is Changing said Hans Paul Burkner Chairman Emeritus BCG. In an Interview to ET 's Anumeha Chaturvedi Burkner speaks about the China +1 model rapidly changing geopolitical and economical dynamics and signs of Green Shot in 2023.
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India is the epicentre of faster transformation and growth, no wonder it is drawing interest from investors, say global CEOs
When we look at globalisation for the last 150 years, it has not been a straight line. There have been ups and downs. And of course, the pandemic has created challenges. Companies around the world are now re-evaluating the supply chains continuously, asserted Hans-Paul Burkner during panel discussion at ET GBS 2023.
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Environment conservation is a commitment and not compulsion for India: Modi
Emphasizing that environment is not just a global cause, but the personal and collective responsibility of every individual, Prime Minister Narendra Modi, in a message shared at the inaugural session of the 22nd edition of the World Sustainable Development Summit (WSDS) in New Delhi on Wednesday, noted that “the way forward is through collectiveness rather than selectiveness.
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How UPI's Money Mantra Is Reverberating Louder across The World
Since being introduced as a payment system in India, it has not only revolutionised the financial lives of Indians, but India’s digital payment system is steadily becoming globally attractive and is being adopted by other countries as well, the latest being Singapore on Tuesday, officials said.
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UPI facility to travellers from G20 nations
The RBI on Tuesday said travellers from G20 countries arriving at Bengaluru, Mumbai and New Delhi international airports can get Prepaid Payment Instruments wallets linked to UPI for making payments to over five crore merchant outlets across India.
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Digital Make In India Now Export Ready
The linking of the Unified Payment Interface with Singapore's Pay now is a landmark in Cross Border E-Wallet Transaction. This will lower the cost of Remittances to the world largest Recipients and serve as a prototype for exports of the other parts of the India Stack of Digital Infrastructure.
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Why India can be a developed country by 2047
Inhis 2022 Independence Day speech, PM Modi outlined an ambitious (some might say even outlandish) goal for India in 2047 – the status of a developed country. Soon after, economists and other experts started to estimate the “realism” of this ambition. We do the same in this article via a two-stage discussion – definition and estimation of realism.
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Nearly Two-Thirds Of Indian CEOs Expect Positive Global Economic Outlook In Next 3-5 Years
Nearly two-thirds of Indian companies' CEOs expect a steady or positive global economic outlook over the next three to five years, despite present challenges and sombre macroeconomic projections for 2023, according to a research report released on Thursday. The research by strategy and management consulting firm Arthur D Little also highlighted that the CEOs who are keen on growth despite the crisis as half (of them) believe they will expand into new regions, while 30 per cent anticipate growing faster than the overall market.
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EAM Jaishankar calls on Australian PM to discuss bilateral strategic ties
External Affairs Minister S Jaishankar met Australia's top leadership, including Prime Minister Anthony Albanese, on Saturday and discussed the bilateral strategic partnership, economic opportunities, people-to-people ties, besides exchanging ideas on the Indo-Pacific region and cricket.
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India perfectly situated to join Europe's green hydrogen supply chain: Stefan Kaufmann
Though Europe has a goal to produce around 100 GW of green hydrogen by 2030, the continent will have to import more green hydrogen than it is exporting in the near future, said Kaufmann, former hydrogen commissioner of Germany and advisor to ThyssenKrupp. Green hydrogen is climate-neutral hydrogen produced from renewable sources of energy such as wind and solar.
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Morbi in 1979 to Turkey in 2023: Narendra Modi, the humanitarian, has always been there for people in India & the world
“India has emerged as the first responder to the countries hit by natural disasters in any part of the world,” said Prime Minister Narendra Modi on February 20. He was underscoring India’s efforts during ‘Operation Dost’ in Turkey in the aftermath of two devastating earthquakes, the worst natural calamities ever since the country was founded.
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Aided Turkey as it's 'one earth, one family': PM Modi
When asked why he had to send relief to Syria which has been under US sanctions, Prime Minister Narendra Modi invoked the spirit of G20 of "One Earth, One Family, One Future." Speaking at a ceremony to welcome disaster relief teams on their return from quake-hit Turkey on Monday, the PM said, "No matter which country, if it is about humanity, then India keeps human interest paramount.
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India elected chair of UN Commission for Social Development
Permanent Representative of India to the United Nations, Ambassador Ruchira Kamboj on Thursday accepted the chairpersonship at the UN Headquarters in New York . This is the first time since 1975 that India has become Chair of the Commission for Social Development, according to a release issued by the Indian Permanent Mission to the UN. The Commission for Social Development is a functional commission of the Economic and Social Council. The Commission serves as the primary inter-governmental body to deliberate upon and strengthen international cooperation on social development issues, according to the official release.
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150 satellites made by Class 6-12 students launched under APJ Abdul Kalam Mission
The Martin Foundation in association with Dr APJ Abdul Kalam International Foundation and Space Zone India on Sunday launched the APJ Abdul Kalam Satellite Launch Vehicle Mission-2023 from the Pattipolam village of Chengalpattu district in Tamil Nadu. Telangana governor Tamilisai Soundararajan was also present here to grace the event.
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AIIMS research team develops e-Nose to detect lung cancer
Researchers have created a breath print device to identify the disease from the compounds we exhale. All a person needs to do is blow into the machine. 'It might help in early detection of lung cancer in developing countries like India where people reach the healthcare facilities in late stages,' says Dr Anant Mohan, head of the Centre of Excellence in Breath Research, AIIMS.
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Consulate General of India
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