Media Eye News Bureau: PM Modi and Uber CEO Dara Khosrowshahi recently met at the Economic Times Global Business Summit and discussed ways to create economic opportunities for a new generation of micro-entrepreneurs and help India become a $5 trillion economy by 2025. A statement was released by Uber that said, “What the PM of India is doing in terms of pushing the country forward with a global view, pushing progressive reforms forward, it is remarkable.” It further added that Khosrowshahi emphasised on the importance of India to Uber's ride-sharing and food delivery businesses, as well as a source for tech talent and assured the company's continued investment in India as well.
Media Eye News Bureau: The UAE will be participating in India's Partnership Summit, starting tomorrow in the state of Andhra Pradesh until February 26th. The UAE's participation in the global forum, which will run under the theme 'Charting New India's Global Integration Strategy', comes at a time the country's economic, investment, and trade relations with India is significantly evolving in line with the deeply rooted relations binding the two nations across multiple domains. The country's delegation to the summit will be led by Abdullah Al Saleh, Under-Secretary for Foreign Trade Affairs at the Ministry of Economy and include representatives of ADNOC, UAE International Investors Council, MASDAR, EXPO 2020 Dubai, Dubai South, DP World, Sharjah Investment and Development Authority (Shurooq), LULU Group International, Bank of Sharjah, and other firms operating in the country. Al Saleh will address the summit on the massive transformational development drive ongoing in the UAE and the prospects of advancing the already privileged relations with India. The delegation will attend a number of workshops and panel sessions with Indian businesses and public and private departments to discuss ways of accelerating the exchange of trade. The non-oil trade between UAE and India amounted to UAE131.7 billion during 2016, with UAE's imports comprising AED82.9 billion thereof against AED18 billion of exports.
Media Eye News Bureau: PM Narendra Modi announced the setting up of a defence industrial corridor in the Bundelkhand region as well as provide jobs to people as he addressed the Uttar Pradesh Investors’ Summit 2018. He said, “This year in the budget, there was a proposal to develop two defence industrial corridors in the country. Out of these, one of them is proposed in Uttar Pradesh. With a view to develop the Bundelkhand region, it has been decided that the DIC would be expanded across Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot. Within this corridor, there is an investment potential of Rs 20,000 crore and it will create around 2.5 lakh job opportunities.” He further said that the state would also get two new expressways in Poorvanchal and Bundelkhand to boost industrialisation.
Media Eye News Bureau: Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, has participated in the 25th edition of South Asia’s largest travel and tourism exhibition – SATTE 2018. Every year, SATTE serves as a platform for Dubai Tourism to engage with the biggest and most influential B2B and B2C partners in India and all over the world. At SATTE 2018, Dubai Tourism, along with 23 of its partners from hotels and tourism attractions, and Destination Management Companies in Dubai, highlighted the destination’s ever-growing portfolio of bespoke and affordable experiences that will appeal to every type of Indian traveller, whether they are travelling for business or leisure. The Dubai Tourism stand was inaugurated by the Dr. Ahmed Abdul Rahman Al-Banna, UAE Ambassador to India. Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, DCTCM, said, "SATTE plays a key role in helping us further understand the nuances of one of our primary source markets and continues to enhance our destination offering to suit the ever-evolving needs of the Indian traveller. As one of the most prominent industry events in South Asia, the event provides us and our destination partners with an opportunity to provide industry professionals with in-depth knowledge of the key offerings and experiences for Indians visiting Dubai." Dubai Tourism’s participation at SATTE 2018 was part of efforts to pave the way for its stakeholders to interact and collaborate with top agents and partners to help increase the number of Indian tourists to Dubai with a focus on driving repeat visitation and further enhancing the visitor experience. At this year’s SATTE, Dubai Tourism introduced its range of new attractions, cultural offerings and Dubai’s popular festivals calendar, anchored by marquee events like the Dubai Shopping Festival, Dubai Food Festival and Dubai Summer Surprises. Major development projects like Marmum and Hatta, along with events such as Marmum Camel Racing and the historic districts of Dubai were also showcased. India is Dubai’s No.1 source market, and in 2017, India retained top spot in the list of arrivals, contributing 2.1 million visitors, and becoming the first country to cross the 2-million mark in a single year, representing a 15 percent year-on-year increase.
Media Eye News Bureau: The Department of Culture and Tourism – Abu Dhabi, DCT, has concluded the first leg of its promotional tour ‘Abu Dhabi Week in India’ following three days in the city of Kochi in Kerala and now heads to Kolkata in West Bengal. The three-day event in Kochi was a resounding success, with thousands of people turning up to witness displays of the emirate’s landscapes, architecture, attractions, culture and cuisine. The roadshow, the second time the event has been held in India following a successful launch last year in Delhi and Mumbai, has been designed to capitalise on the record numbers of Indian hotel guests staying in the emirate. Last year more than 360,000 Indians stayed in Abu Dhabi’s 162 hotels and hotel apartments, an increase of more than 11 percent compared to the previous year. Mubarak Al Nuaimi, Director Promotions and Overseas Offices at DCT, said, "Our inaugural Abu Dhabi Week in India event towards the end of last year was extremely well received by the Indian public. Highlighting the emirate as a perfect holiday destination for our Indian guests by bringing a taste of the emirate to their own country is part of our strategy of increasing further growth from a vital tier one market that has excellent potential to develop further. "We had double-digit growth from the Indian market during 2017 and aim to build on this success through roadshows such as this, combined with structured marketing campaigns and by utilising our overseas office based in Delhi. We have excellent air connectivity, with 282 flights a week to Abu Dhabi from 13 Indian destinations, meaning it has never been easier to come and experience the emirate for our Indian guests." Visitors to the roadshow were treated to virtual reality tours of the emirate including videos of Yas Island and desert and water trips, while on display were representations and models of the recently opened Louvre Abu Dhabi, the Sheikh Zayed Grand Mosque, Ferrari World Abu Dhabi, and Al Dhafra Region. The second leg of the roadshow takes place in Kolkata from 23rd February for three days.
Donald Trump Junior, the eldest son of US President Donald Trump recently stated that India is ‘substantially above board’ for business compared to China. He asserted, “As a businessman, I feel things here are substantially more above board. I think the mentality of the people is the same. I think there is probably little bit more honesty.” The Trump Organisation has licensing pacts with M3M and Tribeca Developers, for constructing 254 apartments for an estimated Rs. 5.5 crore to Rs. 11 crore at a total area ranging from 3,500-4,500 square feet on the outskirts of Delhi and that the project is scheduled for completion in March 2023. He further added, “Because I am not a newcomer, I have seen changes during the last decade, certainly over the last couple of years. The reforms undertaken in India will be very positive for the country. It will open up the country to much more outside investment from places like United States.” Trump Junior did not disclose the revenue model for the same and what Trump Organisation would earn. He further stated that the focus would remain on building only luxury and high-end apartments.
Media Eye News Bureau: A delegation from the Government Maharashtra visited Dubai Municipality for the exchange of ideas and expertise. The delegation, led by Vikas Shankar Kharage, Secretary of the Revenue and Forests Department, comprised of Narayanan Vasudevan, Additional Principal Chief Conservator of Forests and Virendra Rambahal Tiwari, Chief Conservator of Forests, was accompanied by Pankaj Bodkhe, Consul-General of India in Dubai. Muna Obaid Al Daheri, Head of Dubai Safari Park briefed the delegation on the experiences of Dubai Municipality in setting up Dubai Safari and Mohammed Hassan Al Fardan, Specialist in the Public Parks and Horticulture Department gave a presentation on the public parks and other leisure facilities in Dubai. The delegation expressed its appreciation of the leisure facilities, public parks and the overall infrastructure facilities in Dubai as well as the development boom witnessed by the Emirate of Dubai in various fields. They stressed the importance of strengthening cooperation between Dubai Municipality and the Government of Maharashtra to exchange experiences. The head of the delegation praised the beauty of Dubai and its endeavour to provide all the excellent services to the community. Kharage emphasised the need to communicate with Dubai Municipality in various fields. The visiting delegation also gave a presentation on the Coastal and Marine Diversity Centre in Arioli, Navi Mumbai, set up by the Government of Maharashtra. It also explored the possibilities of cooperating with Dubai Safari in exchanging animals and its wild life conservation efforts. It also sought cooperation from Dubai Municipality to emulate the example of the Garden Glow set up at Zaabeel Park, Dubai. The delegation also conducted a number of field visits to various facilities in Dubai such as the Dubai Safari, Dubai Frame, Dubai Garden Glow and Dubai Dolphinarium.
Media Eye News Bureau: PM Narendra Modi is all set to the foundation stone for the Rs 16,700-crore Navi Mumbai airport. The airport is being built by Cidco along with the GVK Group that runs the Mumbai international airport as well. It is assessed to take off at a cost of over Rs 16,700 crore. The new airport in Navi Mumbai is said to have two parallel runways and will handle close to 80 flights an hour as the first flight is set to take off in 2019. The new airport will also have two entrances and exits. The first phase comprising of one runway and the terminal building to handle up to 10 million passengers is likely to be completed by the end of 2019. The second phase is said to be completed by 2022 while the third phase will be completed by 2027 and at the completion of the fourth phase will happen by 2031.
Media Eye News Bureau: Following great success in Delhi and Mumbai in 2017, the second edition of ‘Abu Dhabi Week’ is set to be hosted in Kochi and Kolkata for the first time. The event has been curated by Abu Dhabi's Department of Culture and Tourism, the body that promotes tourism and cultural heritage of the emirate. The dual-city exhibition will start on 16th February 2018, for three-days in Kochi. The Kolkata edition will commence on 23rd February 2018. Positioning Abu Dhabi as the ultimate destination for vacations, leisure travel, and weddings, Abu Dhabi Week will offer an experiential mix of culture, art, entertainment, and sports. It will showcase Abu Dhabi and take them on a virtual tour of the city. While 3D maps of Abu Dhabi will paint a vivid picture of the city’s urban landscape, attendees will also have a chance to win exclusive trip packages to Abu Dhabi. This edition will also offer a wide variety of interactive experiences including life-like encounters of Ferrari World Abu Dhabi, Desert Safari, and a glimpse of Louvre Abu Dhabi. Abu Dhabi Week will also present a live recreation of the Al Ain Palace and the Al Dhafra Region, replete with sand, Bedouin tents, safari jeeps and traditional Arabic seating and lighting. Speaking about the Abu Dhabi Week, Mubarak Al Nuaimi, Director, Promotions and Overseas Offices, Department of Culture and Tourism - Abu Dhabi, said, "Owing to the growing levels of disposable income in the hands of Indian travellers, we believe that India is a crucial market with a potential to expand the tourism inflow in Abu Dhabi. It therefore becomes imperative to educate people about everything that Abu Dhabi has to offer, and re-shape notions regarding its cost heaviness." "The Abu Dhabi Week strives to amplify not only the splendour of Abu Dhabi but also highlight its pocket-friendliness in terms of family vacations, solo travels, film shoots, trade and business, and destination weddings, among others," he added.
Media Eye News Bureau: Minister for Commerce and Industry, Suresh Prabhu launched the States’ Startup Ranking 2018 at an event organised at the Pravasi Bhartiya Kendra, New Delhi. The event was attended by delegates from 19 States across the country, many Venture Capitalists, angel investors and Startups. The States Startup Ranking framework launched by Department of Industrial Policy and Promotion is an exercise aimed at ranking States for establishing a robust ecosystem for supporting Startups. The framework will evaluate States on parameters such as Startup policy and implementation, incubation support, seed funding support, angel and venture funding support, simplified regulations, easing public procurement, awareness and outreach. A compendium of good practices for strengthening Startup ecosystem was also released. The handbook identifies 95 good practices implemented by Central and various State Governments. Speaking on the occasion, Suresh Prabhu said, “I am confident that the ranking framework would promote healthy competition among the States and enable them to further learn, share and adopt best practices across the seven identified key parameters. I am sure the exercise would generate collaboration amongst all the stakeholders to turn the Hon’ble Prime Minister’s vision to have Startups in every district and every block a reality”. Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, mentioned that, “The key objective of the Startup states ranking framework is to encourage States to take proactive steps towards strengthening the enabling Startup ecosystems at the State level. Selection of the right parameters to effectively cover all aspects was one of the major challenges faced while developing the framework. Benchmarking studies and extensive stakeholder feedback have helped us arrive at a well-balanced framework. Our aim is not only to measure the extensive efforts made at the State level towards building a strong Startup ecosystem, but also to enable an environment of constant learning through dissemination of good practices.”