International Conference on G20 Trade Finance Cooperation during the 1st Trade and Investment Working Group (TIWG) Meeting, scheduled in Mumbai on March 28th, 2023

 

Ministry of Commerce & Industry

Posted On: 27 MAR 2023 2:47PM by PIB Mumbai

Mumbai: 27th March, 2023

 

The 1st Trade and Investment Working Group (TIWG) meeting under India’s G20 Presidency is scheduled in Mumbai, from March 28 − 30, 2023. During the three-day meeting, over 100 delegates from G20 member countries, invitee countries, regional groupings and international organizations will engage in deliberations to accelerate global trade and investments

On the first day, on March 28, an International Conference on ‘Trade Finance’ will be held. This International Conference is being organized by Export Credit Guarantee Corporation of India (ECGC) and India EXIM Bank.

Trade finance supports economic growth, and it is integral for maintaining international trade flows, for mitigating risks emerging from tight liquidity. Around 80% of all international trade uses some type of trade finance instrument, such as letter of credit, supply chain financing, invoice discounting and receivables financing. Global trade finance involves a number of parties, including banks, trade finance companies, export credit agencies, insurers, importers and exporters. Trade finance is the lifeblood of cross-border trade. It is estimated that in 2020, $9 trillion of trade finance transactions were supported by major global banks. Yet, trade finance gap is widening. As estimated by the Asian Development Bank (ADB), the gap which was $1.5 trillion in 2018 has now increased to $ 2 trillion. It is thus imperative to deliberate on action-oriented solutions that can reduce finance gap and make it accessible harnessing the potential of digital tools and technology. Micro, Small and Medium Enterprises (MSMEs) which sustain livelihoods and contribute to global economic growth in both the developing and developed countries, are disproportionately affected by the yawning trade finance gap.

In this backdrop, this International Conference will hold two sessions. The first session will highlight the role of banks, financial institutions, development finance institutions and export credit agencies in closing the trade finance gap, and the second session will delve into how digitalization and fintech solutions can improve access to trade finance.

Session 1: The role of banks, financial institutions, development finance institutions and export credit agencies in closing the trade finance gap

Moderator: Ms. Latha Venkatesh, Executive Editor, CNBC TV 18 

Panel members: Mr. Steven Beck, Head of Trade Finance, ADB; Prof. Andreas Klasen, Professor of International Business and Director, IFTI, Offenburg University, Germany; Mr. Gaurav Bhatnagar, Managing Director, Standard Chartered Bank

The first session will take a macro view of the current trends in international trade and trade finance, and their future prospects. Some key pointers of the discussion are listed below:

1. Current trends in international trade and trade finance amidst the pandemic and growing import bills in developing countries.

2. Cause of trade finance gaps, including reduced credit line support in the private sector and inflation cuts into bank lending limits.

3. The role of export credit agencies in bolstering trade finance

Session 2: Accelerating digitalisation and fintech solutions can improve access to trade finance

Moderator: Ms. Tamanna Inamdar, TIMES Group

Panel members: Mr. John Drummond, Head of the Trade in Services Division of OECD; Mr. Fareed Alasaly, Deputy Governor of International Organizations and Agreements, Saudi Arabia; Mr. Ketan Gaikwad, MD & CEO, Receivables Exchange of India Limited

During this session, trends in digitalisation of trade finance will be discussed in detail, and how these can accelerate innovation and efficiency to make trade finance accessible for firms, especially MSMEs. The discussion will also look at current and emerging fintech solutions that can assist in making customized lending decisions as well as enhance trade finance supply for MSMEs. Some of the specific discussions would include:

1. Need for digitalising trade finance by working with multiple stakeholders to innovate advanced technologies for revamping the trade ecosystem in entirety

2. Scope of digitalisation of MSMEs to reduce the implementation time and cost, and promote innovation in the supply of finance for low-value or single transactions since major bottlenecks arise due to high-cost services and the cost of cyber security risk mitigation strategies.

3. Emerging solutions in financial technologies, such as network data, real-time payment behaviours, SaaS based technologies and optical character recognition.

MM/JPS/SC/PM

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T Ten Global Sports Announces the Indian Masters T10.

The Inaugural Season will see a fusion of India’s two biggest entertainment industries Cricket & Bollywood.  The legendary Retired stars of International Cricket Battle it out against each other in India and some franchisees are to be co-owned by A listed celebrities  

Mumbai, India, March 27, 2023 

The most iconic legends of international cricket players will be part of the revolutionary new tournament, The Indian Masters T10.  

The thrilling ten-over format matches will take place from the 14th of June 2023 to 28th of June 2023, will consist of 19 matches spread across 12 game days. The tournament will have six franchisees with each team Co-owned by an A-list Bollywood celebrity along with a large corporate house.  

The ingenuity of the league that sees stars of the entertainment and sports industry come together, has added to the glitz and glamour of the innovative league. The league will be packaged as the most entertaining sports league out there as it captures the imagination of cricket fans across the globe. The league’s vision of bringing in stars of the entertainment industry will surely boost the popularity of the competition amongst the most ardent of cricket fans and allow for unique fan engagement opportunities for each of the six franchises set to be part of the inaugural edition of the tournament as they shine the spotlight on most thrilling and fast-paced format of cricket.  

After six momentous editions of the Abu Dhabi T10, T Ten Global Sports are thrilled to announce the Inaugural edition of the, The Indian Masters T10. The very best retired icons of global cricket are on their way to India to take part in a highly entertaining tournament that will see nostalgia reach new heights. A total of 90 former legends of international cricket will battle it out in 10-overs-a-side matches that will last only 90 minutes, as they showcase their exhilarating skill in some fast-paced thrilling action filled with a lot of sixes and wickets. Six franchises comprising retired cricketers with a squad of 15 players minimum will clash against each other in India.

Former Indian cricket stars like Suresh Raina, Robin Uthappa, Murali Vijay, Harbhajan Singh, Yusuf Pathan, Irfan Pathan, Pragyan Ojha, Mohammed Kaif and many others top international names like Kieron Pollard, Dwayne Bravo, Jacque Kallis, Eoin Morgan, Chris Gayle, Brett Lee are expected to take part in the 1st ever edition of the Indian Masters T10 set to be held in India, with a plethora of retired Indian and International cricketers set to be part of the competition.  

Nostalgia is set to take over fans as they get to witness their favourite former cricketers compete with and against each other in cricket's fastest format that is growing exponentially in popularity with each passing edition of the Abu Dhabi T10. 

During the announcement press-conference in Mumbai, India at St. Regis Hotel in Lower Parel, Shaji-Ul- Mulk, Chairman, T10 Sports Management, said, “We are thrilled to bring to India the T10 brand of cricket engaging the legendary masters of the game. The fast pace nature of the 10 overs per innings format coupled with the skill of the masters and cheered by the celebrities is bound to improve fan engagement and provide non-stop entertainment.” 

The new logo of the Indian Masters T10, set to be played from 14th June 2023 to 28th June 2023 was also revealed at the reception in the evening. 

Speaking on the momentous occasion Mohammed Kaif and Robin Uthappa, who were present at the press conference in St.  Regis spoke about the Indian Masters T10 with immense delight. 

Mohammed Kaif, said, “I have commentated on the Abu Dhabi T10, and always wanted to play in it because it’s such an exciting format, finally I have got the chance and I cannot wait to step out on the pitch for it.  Since it’s such a fast-paced format it becomes a game of skill and power, not fitness which is especially suited to former cricketers like us. The approach of each player is also to go all-guns blazing from the first ball itself, so expect a lot of sixes, wickets and stunning catches throughout the tournament, which will get fans off their seats.” 

“I think when legends of the game come together and play it brings back a lot of memories and makes you nostalgic, which I really enjoy and it's always nice for me. To be able to be a part of this Indian Masters T10 League, I think is actually a pleasure and the fact, that I get to play with a lot of my Teammates through my career to actually interact with them again and go back into that mindset of competing together would be absolutely the best. I am very excited as well for the Indian Masters T10, I honestly cannot wait.”, said Robin Uthappa while adding to Kaif’s sentiment. 

Mr. Rajeev Khanna, Chief Operating Officer, of T10 Sports Management, added to the same as he said, “This is the fastest format of cricket. The games are only 90 minutes long. There is no other game in The Olympics except golf, which lasts more than 90 minutes. So that's the reason this detailed format is the best for the Olympics of the future. It also is also helping associate nations build their grass-roots in terms of cricket specially since it’s packaged in such an entertaining and quick format, it is helping them understand the rules of the game better, which will eventually result in Cricket becoming a truly global sport.” 

The star-studded glamorous event was attended by the top senior management of most of the IPL Teams and top corporate houses, media moguls, media agencies and many VVIP guests showing interest in the property.  

Vaani Kapoor, Yohani, Elli Avram and Anamta provided the entertainment the night at reception after the Indian Masters T10 tournament was officially announced at St. Regis in Mumbai on the 27th of March 2023. 

About Abu Dhabi T10  

Abu Dhabi T10 is the world’s only ten-over cricket tournament officially sanctioned by the International Cricket Council (ICC) and licensed by the Emirates Cricket Board (ECB). It is the first ever internationally approved ten-over format competition. The second edition of Abu Dhabi T10 will be held from 28th January - 6th February 2021. Abu Dhabi T10 is a UAE product that has grown into a globally accepted cricket format. Matches have a 10-over-a-side format and duration of 45 minutes a side totalling 90 minutes of play.  

  

The tournament is played over ten days, with a round robin followed by semi-finals and the final. The Abu Dhabi T10 tournament is a short, high energy format loved by global audiences and international cricket stars alike.

Dr. Kant Shah’s Borivali Healthcare brings affordable world-class healthcare services to suburbs

Mumbai, March 2023

The healthcare industry in Mumbai has received a significant boost with the opening of a new hospital in Borivali. The hospital, named Borivali Healthcare, has been developed with the aim of providing world-class healthcare services to patients in the suburbs. The hospital is equipped with state-of-the-art medical equipment and has a team of highly skilled doctors, nurses, and other medical staff. BHC offers a wide range of medical services, including General medicine and Critical care (ICU), 3D Laparoscopy surgery, Urology, Women's and Children's specialist services, Cosmetic Surgery, ENT, Cancer care, Day care surgery and much more.

"We are delighted to launch Borivali Healthcare in Borivali, Mumbai," said Dr. Kant Shah, CEO of Borivali Healthcare. "Our aim is to provide the highest quality healthcare services to patients in the region. We have invested heavily in state-of-the-art medical equipment and have assembled a team of highly skilled doctors and medical staff to ensure that patients receive the best possible care."

BHC has been designed to provide a comfortable and welcoming environment for patients and their families. The hospital's facilities include a spacious reception area, comfortable waiting areas, and private rooms for patients. BHC is committed to providing affordable healthcare services to patients in the region. 

"We are committed to making healthcare accessible to everyone," said Dr. Kant Shah  "We believe that everyone deserves access to high-quality healthcare services, regardless of their financial situation. We are proud to be able to offer affordable healthcare services to patients in Mumbai and surrounding areas."

Metropolis’ MedEngage Scholarship Program recognizes 250 medical students with Scholarship grants.

~Total Scholarships worth up to 1.7 crore were given to students across the country~

~Nearly 50% of Scholarship beneficiaries were female doctors~

~2670 plus registrations received from 516 cities across 29 states in India~

India, Mumbai, 26th March 2023: Metropolis Foundation, the CSR arm of Metropolis Healthcare, organized the 5th edition of the MedEngage Scholarship Summit 2023 today. The MedEngage Scholarship Programme, a flagship CSR initiative of Metropolis, awarded scholarship grants totaling INR 1.7 crore to 250 medical students (final year MBBS and MD/DNB). This is in recognition of their achievements towards academic scores, extra-curricular activities, and research papers/thesis presentations.

Envisioned by Metropolis Chairman Dr. Sushil Shah, MedEngage is a holistic medical outreach programme that aims to nourish and nurture the young medical talent that essentially forms the future of healthcare acumen in India. The programme supports the deserving and meritorious students to contribute to healthcare research in the country by rewarding them with financial grants and by providing them with practical knowledge through Metropolis’ world-class laboratories and panel of experts on board.

This year’s edition of the MedEngage Scholarship programme received over 2670 applications from 516 cities across 29 states in India. The programme covered more than 500 medical colleges, including government and private ones in the country. The participants had to go through a stringent selection process based on their academic performance and several other evaluation parameters. Ernst & Young LLP was appointed as the process advisor for this scholarship programme. 

Commenting on the MedEngage Scholarship Programme, Dr. Duru Shah, Chairperson, Metropolis Foundation said: “We are extremely happy to receive the overwhelmingly positive responses from the young medical doctors for this scholarship programme year after year. We firmly believe that education is essential to the holistic development of the nation’s youth. Through the MedEngage program, Metropolis Foundation hopes to improve the academic landscape in the country and “Empower and Encourage” our students - Our Future Healthcare warriors to contribute to the healthcare ecosystem.”

Dr. Kirti Chadha, Chief Scientific Officer and Group Head – CSR, Metropolis Healthcare commented: “MedEngage, a medical college outreach program conceptualized by our honorable Chairman and executed by the CSR arm of Metropolis embodies the true values of Metropolis Foundation – to nurture, educate, empower, and encourage young medical students in their undergraduate and post graduate critical formative years. We conducted numerous surveys and interviews of potential beneficiaries before launching this program and weaved in all areas where tomorrow’s doctors need hand holding, guidance, orientation, financial and academic research support. We opened our doors and our resources to budding medical minds to enable them to succeed nationally and internationally. This timely support serves as a steppingstone for them in their difficult pursuit of excellence journey spanning science & innovation. Digitization of the module scope and beneficiary application has further helped us reach remote corners of the country impacting across tier city boundaries. As medical colleges and DNB hospitals in the country increase, we have also been increasing our budget and number of beneficiaries to ensure a sizeable percentage of eligible population gets impacted with program benefits.”

Under the gamut of MedEngage platform, students also avail for Observership Program, Academic Research Support, Laboratory Tour, and Internships etc. Recently, the MedEngage platform introduced a brand-new programme called ‘MedTalk’. A web series, MedTalk is an interactive session for senior and young doctors to co-create a futuristic healthcare vision. It gives a platform for aspiring doctors to learn directly from experts and expand their horizons. By enlisting a panel of medical and scientific experts, the long-term goal of MedEngage is to create a knowledge community and a strong platform to discuss and share industry’s best practices in India and beyond. 

The Summit celebrated scholarship recipients in six different categories, including Champion of Champions, Pedagogue, Scholar Collar, The Vibrant One, Wizkid, and Wordsmith. Medical Luminaries from different specialities graced the event as speakers and helped honour the GenNext, the nation’s up-and-coming medical talent. 

For more information on MedEngage, visit www.med-engage.com. 

***********************************************************************************************************

About Metropolis Foundation:

Metropolis Foundation (earlier known as Women Empowerment Foundation) is the Corporate Social Responsibility arm of Metropolis Healthcare, which is focused on positively impacting the lives of the people. In line with the UN Sustainable Development Goals, (i.e., SDG 3,4,5), Metropolis Foundation’s CSR initiatives are aimed towards imparting education, creating awareness on Gender, Equality, Health, and Women Empowerment. 

For the past 3 decades, Metropolis has been at the forefront in conducting impactful camps and driving numerous workshops for different sections of the society. The company has partnered with societies, corporate groups, educational institutions, government bodies, NGOs, wellness foundations and a host of other organizations to make a difference to the lives of people. Metropolis is currently driving three CSR programs i.e., MedEngage Scholarship Program, Too Shy to Ask (TSTA) and MedEngage DSEU. 

Metropolis’ MedEngage Scholarship Program recognizes 250 medical students with Scholarship grants.

~Total Scholarships worth up to 1.7 crore were given to students across the country~

~Nearly 50% of Scholarship beneficiaries were female doctors~

~2670 plus registrations received from 516 cities across 29 states in India~

India, Mumbai, 26th March 2023 : Metropolis Foundation, the CSR arm of Metropolis Healthcare, organized the 5th edition of the MedEngage Scholarship Summit 2023 today. The MedEngage Scholarship Programme, a flagship CSR initiative of Metropolis, awarded scholarship grants totaling INR 1.7 crore to 250 medical students (final year MBBS and MD/DNB). This is in recognition of their achievements towards academic scores, extra-curricular activities, and research papers/thesis presentations.

Envisioned by Metropolis Chairman Dr. Sushil Shah, MedEngage is a holistic medical outreach programme that aims to nourish and nurture the young medical talent that essentially forms the future of healthcare acumen in India. The programme supports the deserving and meritorious students to contribute to healthcare research in the country by rewarding them with financial grants and by providing them with practical knowledge through Metropolis’ world-class laboratories and panel of experts on board.

This year’s edition of the MedEngage Scholarship programme received over 2670 applications from 516 cities across 29 states in India. The programme covered more than 500 medical colleges, including government and private ones in the country. The participants had to go through a stringent selection process based on their academic performance and several other evaluation parameters. Ernst & Young LLP was appointed as the process advisor for this scholarship programme. 

Commenting on the MedEngage Scholarship Programme, Dr. Duru Shah, Chairperson, Metropolis Foundation said: “We are extremely happy to receive the overwhelmingly positive responses from the young medical doctors for this scholarship programme year after year. We firmly believe that education is essential to the holistic development of the nation’s youth. Through the MedEngage program, Metropolis Foundation hopes to improve the academic landscape in the country and “Empower and Encourage” our students - Our Future Healthcare warriors to contribute to the healthcare ecosystem.”

Dr. Kirti Chadha, Chief Scientific Officer and Group Head – CSR, Metropolis Healthcare commented: “MedEngage, a medical college outreach program conceptualized by our honorable Chairman and executed by the CSR arm of Metropolis embodies the true values of Metropolis Foundation – to nurture, educate, empower, and encourage young medical students in their undergraduate and post graduate critical formative years. We conducted numerous surveys and interviews of potential beneficiaries before launching this program and weaved in all areas where tomorrow’s doctors need hand holding, guidance, orientation, financial and academic research support. We opened our doors and our resources to budding medical minds to enable them to succeed nationally and internationally. This timely support serves as a steppingstone for them in their difficult pursuit of excellence journey spanning science & innovation. Digitization of the module scope and beneficiary application has further helped us reach remote corners of the country impacting across tier city boundaries. As medical colleges and DNB hospitals in the country increase, we have also been increasing our budget and number of beneficiaries to ensure a sizeable percentage of eligible population gets impacted with program benefits.”

Under the gamut of MedEngage platform, students also avail for Observership Program, Academic Research Support, Laboratory Tour, and Internships etc. Recently, the MedEngage platform introduced a brand-new programme called ‘MedTalk’. A web series, MedTalk is an interactive session for senior and young doctors to co-create a futuristic healthcare vision. It gives a platform for aspiring doctors to learn directly from experts and expand their horizons. By enlisting a panel of medical and scientific experts, the long-term goal of MedEngage is to create a knowledge community and a strong platform to discuss and share industry’s best practices in India and beyond. 

The Summit celebrated scholarship recipients in six different categories, including Champion of Champions, Pedagogue, Scholar Collar, The Vibrant One, Wizkid, and Wordsmith. Medical Luminaries from different specialities graced the event as speakers and helped honour the GenNext, the nation’s up-and-coming medical talent. 

For more information on MedEngage, visit www.med-engage.com. 

***********************************************************************************************************

About Metropolis Foundation:

Metropolis Foundation (earlier known as Women Empowerment Foundation) is the Corporate Social Responsibility arm of Metropolis Healthcare, which is focused on positively impacting the lives of the people. In line with the UN Sustainable Development Goals, (i.e., SDG 3,4,5), Metropolis Foundation’s CSR initiatives are aimed towards imparting education, creating awareness on Gender, Equality, Health, and Women Empowerment. 

For the past 3 decades, Metropolis has been at the forefront in conducting impactful camps and driving numerous workshops for different sections of the society. The company has partnered with societies, corporate groups, educational institutions, government bodies, NGOs, wellness foundations and a host of other organizations to make a difference to the lives of people. Metropolis is currently driving three CSR programs i.e., MedEngage Scholarship Program, Too Shy to Ask (TSTA) and MedEngage DSEU. 

Union Minister of State for Commerce and Industry, Anupriya Patel, urges exporters to focus on untapped potential in every district to diversify export basket, reiterates the slogan, ‘Vocal for local and local goes global’

 Union Minister of State for Commerce & Industry confers awards to top performers at the 6th and 7th Set of Export Excellence Awards organised by the Federation of Indian Export Organisations (WR)

Posted On: 25 MAR 2023 4:41PM by PIB Mumbai

Mumbai, 25 March 2023

 

The ‘Exports Excellence Awards’ were conferred by Union Minister of State for Commerce and Industry, Anupriya Patel, to encourage, motivate and recognize the best performing exporters from Western Region, here in Mumbai today. The Federation of Indian Export Organisations (FIEO) organized the 6th and 7th Set of Export Excellence Awards, for the members who have excelled in export performance of goods and services during the financial years 2018-19 and 2019-20 respectively.

Speaking on the occasion, the Union Minister of State for Commerce and Industry, Anupriya Patel, said, “The western region has contributed almost 50 % to India’s merchandise export. Looking at this contribution we have every reason to celebrate this achievement. I hope the award winners continue to serve as role models and inspire others.”

Referring to the role of exports during Amrit Kaal, she said, “The efforts we take today go a long way in fulfilling the Prime Minister’s vision for the nation. We are now in Amrit Kaal and the next 25 years are important for us to dream and make sure our dreams come true. The export community must contribute towards a developed India. Its contribution is huge for the brand image of the country. Ministry of Commerce and Industry is with you at all steps to assist and support you.”

Urging exporters to make the most of increasing bilateral engagements she said, “Today we are lauded as the fifth largest economy. In next 4-5 years we are poised to be 3rd largest. The Government is making sure that as we advance, we create more opportunities. Our bilateral engagement has been increasing in terms of the large number of FTAs we are negotiating with UAE, Australia and others. Make use of these opportunities to reach global markets.”

With regard to expanding the scope of exports the Minister stated, “The Prime Minister says that every district of India has immense potential, comparable to a single country in the world. Why not focus on that untapped potential for exports and the slogan ‘Vocal for local and local goes global.’ Exporters must focus on diversifying the export basket and reaching greater number of destinations. For this we are working on an initiative - District as Export Hub.”

Stressing on the importance of creativity and innovation she noted, “Creativity and innovation very important in exports. As exporters you know the significance of being more innovative in products. I urge you to invest more in research. Global markets today are evolving. We have to understand and adapt to changing needs of the time. “

Concluding her key note address, Union Minister of State for Commerce and Industry congratulated the top performers said, “I hope you will continue to contribute towards the bigger target that we have for 2030 of reaching one trillion dollar of merchandise and service exports each.”

During the ceremony, the Union Minister of State for Commerce & Industry conferred 67 awards to the exporters from the region which comprised of MSME, Non-MSME, and Services for their outstanding export performance. Banks/Financial Institutions were also awarded for outstanding export finance lending. There were multiple categories under which exporters were awarded, so as to ensure that all deserving exporters got sufficient encouragement and motivation. Exporters from all commodity groups are awarded during this award.

   

While welcoming Smt. Anupriya Patel, Hon’ble Minister of State, Commerce & Industry, Dr. A Saktivel, President, FIEO stated that her presence will not only encourage exporters, but will also inspire them to meet emerging global challenges. The exceptional achievement by our Award Winners clearly shows that when going gets tough, the tough gets going. He stated that the aggregate exports in the current fiscal is expected to be between US$ 775-790 billion exhibiting a growth of about 12% over the record exports of US$ 672 billion in 2021-22. A double-digit growth in exports, when the global situation is becoming tougher and global trade moderating, is encouraging particularly as many of our competing countries are witnessing a sharp decline in their exports. He congratulated the award winners for their excellent performance and contribution towards the economy. While appreciating the efforts of Ministry of Commerce in setting up Council for Trade Development and Promotion with Trade/Commerce Ministers of States as members , he said that this provides a platform to state governments for articulating their perspective on trade policy and pursuing export strategies in line with national foreign trade policy.

Congratulating the award winners, Shri Paresh Mehta, Regional Chairman-WR, FIEO highlighted the significance of the Western Region Export Awards, as it felicitates top performing exporters from 5 major states of India, Maharashtra, Gujarat, Madhya Pradesh, Goa & Chhattisgarh. He said that the Export Excellence Awards add a zeal amongst the exporter community to achieve new milestones.

Shri Khalid Khan, Vice President proposed vote of thanks to the Hon’ble Chief Guest, awardees, senior Govt. officials and all the guest for their valuable presence. He told exports are not only vital for earning the valuable foreign exchange but more importantly creating employment opportunities and giving a push to a country's GDP.

Leading industry heads, Central and State Government officials, representatives from International diplomatic community, representatives from Trade & associations and Exporters attended the function.

 

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PIB Mumbai | Nikita / Darshana

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AIIB Enhances Support for Southeast Asia’s Green Transition and Sustainable Infrastructure Development, Board of Directors Meets at Bank’s Headquarters

On March 21-23, AIIB’s Board of Directors met at the AIIB Headquarters for its quarterly meeting.

Beijing—The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an investment of up to USD120 million in the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund (the Fund). The investment aims to support the region’s green energy transition and technology-enabled infrastructure development, which is also expected to improve cross-border digital connectivity within Asia.

The Fund aims to allocate its investments in digital infrastructure (e.g., data centers) and energy transition opportunities (e.g., offshore wind farm vessel operations, transport electrification opportunities, low energy building solutions and other related subsectors). 

While green energy transition is the centerpiece of global efforts to achieve sustainable development, address climate change and accelerate a new age of inclusive, low-carbon growth, the Fund is expected to contribute toward the reduction of greenhouse gas emissions and achievement of Net-Zero targets through increasing renewable energy capacity. 

“AIIB plays a major role in building more resilient and sustainable energy infrastructure to deliver significant socioeconomic benefits, meet growing demand of our Members’ economies and help achieve global climate objectives,” said Urjit R. Patel, AIIB Vice President, Investment Operations (Region 1). “AIIB is committed to catalyzing the flow of capital toward renewables and energy transition-related infrastructure to build a more resilient and sustainable energy system for our Members.”

On March 21-23, AIIB’s Board of Directors met for their quarterly meeting. This is the first time for the meeting to be held in person since COVID-19. Almost 100 delegates attended the Board meeting and various other formal and informal meetings and events.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

TTK Prestige - The Svachh Neo Gas Stove, A Gas Stove with Liftable burners for easy cleaning

➢ Cleaning made easy with liftable burners for home cooks

➢ For an elegant and aesthetic kitchen

TTK Prestige, country's leading kitchen appliance brand, launched its Svachh Neo Gas Stove as a testament to its commitment to innovation. For easy and safe cleaning, the new Svachh Neo features liftable burners, which makes cleaning up a breeze.

The invention was conceived in response to extensive research across the country that revealed homemakers were becoming increasingly frustrated with the difficulty of cleaning gas stoves after use. With liftable burners, TTK Prestige's Svachh Neo gas stove addressed this consumer’s pain point. Thus, ensuring a safe and easy cleaning process. 

The Svachh Neo gas stove, which was designed specifically for Indian kitchens, is ideal for the busy homemaker who values convenience, visual appeal, ease of use, and enhanced functionality. Its attractive finish enhances the elegance of the kitchen with superior toughened glass.  The Svachh Neo gas stove comes in four different models, offering home cooks a variety of options.  There are two and three-burner gas stoves available, as well as two four-burner models. The jumbo burner, available in three and four-burner models, is ideal for faster cooking. 

TTK Prestige has emerged as the go-to innovative kitchen appliance brand for home cooks across the country over the last 66 years. It is estimated that a TTK Prestige product can be found in nearly every Indian kitchen. The brand is built on the pillars of trust, safety, and innovation, which serve as the foundation for all TTK Prestige products. The brand has always addressed the concerns of home cooks across the country. The Svachh Neo gas stove does the same effortlessly. 

Svachh Neo gas stove comes with ISI certification. The 2-burner model costs INR 8245, while the 3-burner model costs INR 10945. The four burner models are priced at INR 13395 and INR 13895, respectively with an introductory offer of 25%. The collection is available at Prestige Xclusive locations, select dealer outlets, the exclusive e-store https://shop.ttkprestige.com/, and other leading ecommerce websites.

NEW STATE MOBILE'S MARCH UPDATE BRINGS ‘KA-BOOM’ MODE

 Only Grenade Launcher, Throwables are available in the new Lab mode

Most of the terrains are destructible, presenting new combat experiences

 

 

New Delhi, March 24^th 2023 – KRAFTON, Inc. has released its March Update for NEW STATE MOBILE, the popular battle royale game on iOS and Android, that includes the arrival of “KA-BOOM” Mode in NEW STATE Labs. In addition to KA-BOOM Mode, this month’s update brings improvements for “LAGNA” map, new handgun “Sawed-off”, Labs content “Recruit Mode” returns for “Erangel”, and Survivor Pass Vol.17 being revealed.

 

The new NEW STATE Labs content KA-BOOM is a Round Deathmatch (RDM) available on the ARENA map, where players fight using only grenade launcher and throwables. Ammunitions other than grenades are not available in this mode. Most of the rules are the same as other RDMs, except that the grenades do not inflict any damage to friendly players. From the care package in the center of the map, players can get a “Red Zone Launcher,” which create explosions stronger than ordinary grenades. In the KA-BOOM Mode, all terrains, except for the starting point and certain areas, can be destroyed by explosion. Since plunging down to the destroyed terrain leads to instant death, players will be able to enjoy a new combat experience.

 

LAGNA, which was introduced in the February update, has been improved based on the players’ feedback and their play data. Now, a “Mesta,” a classic sports car for two people, will always be generated on the ridge between “Estacion” and “Carta.” Multi-care packages now have higher chances to present items, while the general item spawn rate is also slightly increased. The Blue Zone settings have also been adjusted to give more time for players to get items in the first Blue Zone phase.

The new 12-gauge handgun Sawed-off has an explosive single-shot damage and thus can be a good option to deal with an opponent in the close range. Players can attach a Choke to Sawed-off to lessen the bullet spread when fired.

 

The NEW STATE Labs content Recruit Mode has returned for Erangel. Recruit times have been lowered for this mode compared to the Battle Royale Mode. Players can grow the squad up to eight players. Once the player successfully recruits a downed opponent, health and booster level of both players will be fully recovered. Like other Modes in NEW STATE Lab, the Recruit Mode is not permanent and is only available for 8 hours on every weekend’s Hot Time.

 

Weapon balances have also changed for some guns, too, based on the play data. The magazine capacity of Extended Mag customization for submachine gun “Vector” has increased to 50 from 45. The Long Barrel & Enhanced Stock customization for “Micro UZI” gives less vertical can horizontal recoil control. In addition, aiming support for some guns including Vector and Micro UZI has been decreased.

 

The main character for Survivor Pass Vol. 17 is “Maria Gayle” from the Mayhem faction. Once all of the story missions have been completed, players will get Maria Gayle’s face skin for free. If they upgrade to the Premium Pass, they’ll be able to obtain Maria Gayle’s costume set.

 

Meanwhile, the “Legacy Pass” has been introduced to NEW STATE MOBILE starting Survivor Pass Vol.17, allowing players to get what was available only from the previous Premium Passes.

 

For the latest information on NEW STATE MOBILE, please visit https://newstate.pubg.com/en or follow us on social media (Twitter / Instagram / Facebook / YouTube). For assets, please visit the KRAFTON Press Site.

 

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About KRAFTON, Inc.

Based out of South Korea, KRAFTON, Inc. is a collective of independent game development studios bound by a passion for creating innovative and engaging entertainment experiences for gamers worldwide. Founded in 2007, KRAFTON consists of PUBG STUDIOS, Bluehole Studio, RisingWings, Striking Distance Studios, Dreamotion, Unknown Worlds, 5minlab, Neon Giant and KRAFTON Montréal Studio, each with its own unique expertise.

KRAFTON is responsible for premier entertainment properties, including BATTLEGOUNDS MOBILE INDIA (BGMI), PUBG: BATTLEGROUNDS, The Callisto Protocol, NEW STATE MOBILE, Moonbreaker, TERA and ELYON. With a team of 3,000 members across nine countries, KRAFTON is a technology-driven company that boasts world-class capabilities as it seeks to expand its areas of business beyond games to multimedia entertainment and deep learning. For more information, visit www.krafton.com

 

 

 

Will Surbhi Jyoti, Adaa Khan, Nia Sharma or Anita Hassanandani play Naagin again for THIS show? Read on

When one talks about Naagin(s) in the Indian television industry, Surbhi Jyoti, Adaa Khan, Nia Sharma, and Anita Hassanandani are the names that immediately come to mind. These actresses have carved out a unique niche for themselves with their spectacular performances as shape-shifting serpents in the popular Naagin franchise. With their stunning looks, mesmerizing movements, and intense acting, they have breathed life into the character of naagin and captured the hearts of audiences across the country. Their popularity has not only made them household names but has also contributed to the massive success of the Naagin franchise in Indian television history.

Fans of Surbhi Jyoti, Adaa Khan, Nia Sharma, and Anita Hassanandani have been missing their favorite shape-shifting serpents onscreen as the actresses have been busy with different projects. However, it looks like their wait might soon be over as Shemaroo Umang's popular show Raazz Mahal: Dakini Ka Rahasya is set to introduce an enchanting new character, a 'Sarpika', in the upcoming track after Kamya Panjabi's exit. 

With the return of the Naagin onscreen, there are high hopes that one of the OG Naagins might reprise their role in the show. Although there is no official confirmation yet, the possibility of seeing Surbhi, Adaa, Nia or Anita back in their iconic roles as the Naagin is certainly exciting news for their fans. Or will it be a case of a new naagin waiting in the wings to enthrall the fans. Too much drama and excitement is awaited for the fans. 

Well, which of the OG Naagins do you think will or should join the cast of Raazz Mahal - Dakini Ka Rahasya? And how do you think the new character, Sarpika, will shake things up on the show after Kamya Panjabi's exit? Will Sarpika's entry have an impact on the lives of Adhiraj (Himanshu Soni), Sunaina (Neha Harsora), and Riddhiema Tiwari (Dakini)? To find out, tune in to Raazz Mahal - Dakini Ka Rahasya every Monday to Saturday at 8:30 PM, on Shemaroo Umang.

Keystone Realtors Receives Full Occupancy Certificate for Rustomjee Seasons

 

This marks the completion of BKC’s finest Gated Community 

Mumbai, 23rd March, 2023:  Situated in the heart of the BKC Annexe, Rustomjee Seasons, the finest gated community of the received the occupancy certificate for its last tower, which now marks Rustomjee Seasons as complete & fully ready. Launched in 2015, Rustomjee Seasons has been one of the fastest constructed projects with the fastest slab casted in as low as seven days. Ever since the launch of the project, the gated community has been applauded by stakeholders across the spectrum. 

Spread across 3.8 acres of land, Rustomjee Seasons consists of 6 towers along with 20+ modern lifestyle amenities. Rustomjee Seasons has been home to gentry of CEOs, CXOs, & the likes. It’s been a first choice in the neighbourhood amongst the corporate honchos. With over 400 families residing at Rustomjee Seasons, this project  offers great access and connectivity to all parts of Mumbai. Built on the core of design thinking, this project has elevated offerings including design concepts by ace architect and interior designer - Alfaz Miller. The project is one of the finest offerings of its kind.

Talking about the completion, Boman Irani, CMD, Rustomjee Group, , said, “Rustomjee Seasons has been one of our most successful projects built on our philosophy of building healthy communities. It was designed & built with intention of bringing likeminded people together and providing them with unique spaces where interactions and relationships can flourish. Home owners have benefited tremendously from this project and we couldn’t have been more proud - we have seen our buyers enjoy a great upgraded lifestyle, a cohesive community that’s been there for each other. Our buyers have benefitted from high rental yields at Rustomjee Seasons. At Rustomjee, we will continue to deliver the best of the state-of-art amenities & experiences and commit to building a community that has something for everyone.”

In 2022, the project not only won the award for Best Redevelopment Project of the Year but also No.1 Selling Project by value in the neighborhood by CRE matrix for the second quarter of the year. With bespoke amenities like a mini theatre, a maze garden, alfresco dining, a forest walk, a performance zone and an open to sky podium apart from a senior citizen zone, a toddler’s creative studio, multipurpose courts, indoor games zone, gymnasium and a swimming pool, Rustomjee Seasons promises an elevated standard of living for all its members. 

About Keystone Realtors Limited

Incorporated in 1996, Keystone Realtors Limited is one of the prominent Mumbai-based real estate developer. The Company has a substantial portfolio of projects spanning the Mumbai Metropolitan Region (MMR), with 32 Completed Projects, 12 Ongoing Projects, and 21 Forthcoming Projects that cover all price points, from affordable to super premium. So far, the Company has delivered over 20 million square feet, with a pipeline of 34 million square feet in the works. The management team's extensive experience, asset-light approach, and integrated real estate development model are all part of the commitment to creating positive experiences for stakeholders and delighting customers.

We aim for one million loyalty signups by August 2024: Jumboking

With the mushrooming of organized QSR brands in India, all aiming at the customer's share of wallet, every brand is rolling out the red carpet for its customers. 

What is proven across the world is that taste isn't the only determinant of success. Customers look to engage with the brand in newer, more convenient ways. A well-crafted loyalty program that prioritizes the customer's habits is a great way to make this happen.  

India’s largest homegrown vegetarian burger brand, JumboKing has launched the ‘JK Burger Rewards’. The loyalty program aims to strengthen its customer connect by introducing new products first to its most loyal customers. By becoming part of trying  new menu items, they will feel more involved in the decision-making process through “exclusive access.” In addition to this, every time the customer places an order, they receive points in their JK Burger wallet. As the points add up, customers can avail discounts and free products.

"Other than rewarding our most loyal customers, we are seeking to understand customer’s needs. This is what we aim to achieve through our mobile-first, ‘JK Burger Rewards’ rollout. Another important aspect is the realization that whether you're an online company or an offline company, you have to embrace technology to unlock value. By August 2024, the goal is to have 1 million active members join ‘JK Burger Rewards' in Mumbai, Delhi and Hyderabad," says Dheeraj Gupta, Founder of Jumboking.

Other loyalty programs 

QSRs woke up a long time ago to the adage, ‘data is the new oil.’ One of India’s most loved loyalty programs is "My Starbucks Rewards", which allows customers to earn ‘Stars’ for every purchase they make at Starbucks locations in India. These 'Stars' can be exchanged for free drinks and food. Members of the program also receive special offers and discounts on their birthdays and other special occasions. 

Origin of loyalty programs

The first modern loyalty program commenced in 1793, when a merchant in Sudbury, New Hampshire, began rewarding customers with ‘copper tokens’. The tokens could be accumulated and used for future purchases, thereby generating repeat visits, the core behavioral objective of loyalty program design. 

The idea was quickly replicated by other retailers and carried into the 18th century. 1981 saw the launch of the first and most well-known loyalty program ever created,  ‘Frequent Fliers’. Launched by American Airlines, it revolutionized customer loyalty.

Jumboking’s mobile-first loyalty program aims to make the redemption process easy.   Moreover, as printed coupons become a thing of the past, every touch point such as a personalized message, provides an opportunity to engage with the consumer and curate a high-quality experience with the brand. Making your customer’s attention count is becoming increasingly important in the competitive QSR landscape and can go a long way in solidifying brand advocacy.

About Jumboking:

Jumboking is India’s No.1 chain of homegrown Quick Service Restaurants, founded on 23rd August 2001. This asset-light company is one of the pioneers in franchising in India. Jumboking is a favourite on-the-go eating option in Mumbai, among college students and young working professionals, with 100 + outlets in Mumbai, New Bombay, Thane, Pune, Lucknow and Delhi.

The company leverages technology to propel its customer facing and internal control systems, and has delivery tie-ups with Swiggy and Zomato to service out-of-store orders. https://www.jumboking.crg