Swedish contingent meets K'taka CM, Indian cos CEOs to boost investment

by Argus News

NEWS HIGHLIGHTS

A Swedish delegation met Karnataka Chief Minister Basavaraj Bommai in Bengaluru and interacted with several major Swedish and Indian companies for fostering investment in the state.

Bengaluru, Sep 29: A Swedish delegation met Karnataka Chief Minister Basavaraj Bommai in Bengaluru and interacted with several major Swedish and Indian companies for fostering investment in the state. The foreign delegation was on a two-day visit to Karnataka from September 27-28, according to a press note released on Wednesday by the Swedish Embassy in New Delhi.

The Swedish delegation led by Ambassador Klas Molin, the new Trade Commissioner Cecilia Oskarsson along with new counsellors for science, innovation and trade, among others, met Bommai. They attended an investment facilitation seminar with Karnataka Industries Minister and senior state government officials, as also the 'Invest in Karnataka' programme.

On Monday, the delegation along with the heads of several Swedish companies attended an investment facilitation seminar with the Karnataka Industries department where company leaders operating in the state highlighted their presence, and discussed investment and future plans that will help them realise their full potential in the state.

Bommai said both Sweden and India are time-tested allies and the bilateral ties need to be further strengthened.

The Karnataka government has prioritised sustainable growth and investments and is willing to collaborate with Sweden on new technologies. Research and development (R&D) will be prioritised in the future and incentives for industries to invest in R&D will be introduced. The Chief Minister indicated that employment, investment and innovation are the three guiding principles for boosting partnership between India and Sweden.

At present, there are more than 200 Swedish companies in India employing two lakh people. As many as 96 Swedish companies have employed more than 42,000 people in Karnataka alone. Forty companies have their head office in Karnataka and 14 companies are manufacturing in the state.

Swedish Ambassador Klas Molin said, "I'm inspired by the very constructive and forward-looking dialogue with Chief Minister Bommai. From Swedish brand names such as ABB and Volvo to H&M and IKEA -- and now Truecaller and several start-ups, Swedish companies continue to thrive in Karnataka. Helping support their communities during the challenges posed by the Covid-19 pandemic, they continue to invest, expand and believe in India."

The delegation met Wipro Chairman Rishad Premji and visited 'PlaySimple', which was recently acquired by Swedish gaming giant 'Modern Times Group'.

It also visited IIM Bangalore, CampX by Volvo, ArtPark and ISRO.
(IANS)

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India Conducts Successful Training Launch Of Short-Range Agni-1 Missile

by Hemanta Pande

Bhubaneswar, Dec 7:The Defence Ministry on Thursday said that a successful training launch of the short-range ballistic missile 'Agni-1' has been conducted, an official said.

The training launch was carried out from APJ Abdul Kalam Island in Odisha.

According to officials, the 'Agni-1' is a very high precision missile system.

Read: National News

The training launch was carried out under the aegis of the Strategic Forces Command, an official said, adding it successfully validated all operational and technical parameters.(IANS)

Union Minister Dharmendra Pradhan Attends Roundtable Event Of Startup Conclave 2023

by Hemanta Pande

Gandhinagar, Dec 7: Union Minister for Education and Skill Development & Entrepreneurship, Dharmendra Pradhan attended the roundtable event of Startup Conclave 2023 yesterday in Gandhinagar, which is a pre-event of the Vibrant Gujarat 2024 Summit.

The Minister interacted with eminent venture capitalists, unicorns, investors, global accelerators, and industrialists at the event.

Addressing the event, Minister Pradhan said that India’s entrepreneurs have time and again demonstrated that the sky is not the limit and their ideas, imagination and innovation will pave the way for a more sustainable, prosperous and equal world.

Expressing his gratitude to Prime Minister Narendra Modi, Minister Pradhan said that the Prime Minister’s policies turned India into the 3rd largest start-up ecosystem.

The Vibrant Gujarat Global Summit, a biennial event was conceptualized in 2003 under the leadership of Prime Minister Narendra Modi, (then the Chief Minister of Gujarat).

The Education Department, Government of Gujarat, in collaboration with Startup India-Department for Promotion of Industry and Internal Trade (DPIIT); Ministry of Electronics & Information Technology, Government of India (MeitY); and Department of Science & Technology (DST) is organizing the Startup Conclave 2023 today in Gandhinagar, Gujarat, a pre-event of the Vibrant Gujarat 2024 Summit.

Read: National News

The Startup Conclave 2023 will bring together an influential network of startup investors, angel networks, industry leaders, and Global Accelerators for a captivating exchange of ideas and limitless possibilities.

Odisha: ED Files Charge Sheet Against 3 Wildlife Poachers For Trading Of Leopard Skin, Organs

by Hemanta Pande

Bhubaneswar, Dec 7: The Enforcement Directorate (ED) on Thursday said that it has filed a charge sheet against three alleged wildlife poachers namely Satyaban Sahu, Mahit Bhue and Souki Thethua in connection with the alleged trading of leopard skin and organs.

The ED said that the agency filed the charge sheet under the provisions of Prevention of Money Laundering Act (PMLA), 2002.

ED filed the charge sheet against Sahu, Bhue and Thethua of Baragarh district Odisha, in the Court of the Sessions Judge, Khurda at Bhubaneswar-cum-Special Court (PMLA) with prayer for conviction and punishment of the accused persons and also confiscation of proceeds of crime.

The court took cognizance of the charge sheet filed by ED in this case on December 4, the agency said.

The ED case is based on the FIR and charge sheet filed against the accused persons, by the Special Task Force, Crime Branch, Odisha under various sections of the IPC, 1860 and Wildlife Protection Act, 1972.

Read: Odisha News

"ED investigation revealed that the accused persons were allegedly involved in trading of leopard skin and wildlife articles or organs or trophies since long and one leopard skin, 11 numbers of its nail and four number of its teeth valued at Rs 6.30 lakh was identified as proceeds of crime,' the agency added. (IANS)

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