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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
			'credit_id' => '48',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
			'is_published' => true,
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
			'credit_id' => '48',
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			'url' => 'why-invest-in-india',
			'tags' => 'India, Economy, Investment',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
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<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
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<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
			'is_published' => true,
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			'section_summary' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'id' => '545470',
			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
			'tags' => 'India, Australia, Economy, Trade, G20',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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		'Articles' => array(
			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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		'Articles' => array(
			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
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			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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		'Articles' => array(
			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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		'Articles' => array(
			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'title' => 'How big is India's startup ecosystem? ',
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			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
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			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'title' => 'Explainer: What is India's G20 presidency all about? ',
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			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
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			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
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			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
			'credit_id' => '48',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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		'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
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<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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Notice (8): Undefined index: SpecialFeature [APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53]
Code Context
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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
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<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
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<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'id' => '545470',
			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
			'tags' => 'India, Australia, Economy, Trade, G20',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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		'Articles' => array(
			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
			'is_rss' => false,
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
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			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'id' => '545429',
			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'image_caption' => null,
			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
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<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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Indian university teaches AI coding as early as freshman year

In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arm...

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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
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<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
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			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'section_summary' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'section_summary' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
			'is_rss' => false,
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
			'tags' => 'India, US, G20, Economy',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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		'tags' => 'India, Economy, Investment',
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		'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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include - APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 963
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 108

Notice (8): Undefined index: SpecialFeature [APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53]
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			'id' => '545486',
			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'url' => 'indian-university-teaches-ai-coding-as-early-as-freshman-year',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
			'description_old' => null,
			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
			'credit_id' => '48',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
			'tags' => 'India, Australia, Economy, Trade, G20',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'section_summary' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'section_summary' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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		'Articles' => array(
			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
			'is_rss' => false,
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			'content_old' => null,
			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
			'tags' => 'India, US, G20, Economy',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
			'is_published' => true,
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		'Articles' => array(
			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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	(int) 8 => array(
		'Articles' => array(
			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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		'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
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<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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Why invest in India?

From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the worl...

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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
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<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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		'Articles' => array(
			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'section_summary' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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		'Articles' => array(
			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
			'is_rss' => false,
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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		'Articles' => array(
			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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	(int) 8 => array(
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			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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Notice (8): Undefined index: SpecialFeature [APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53]
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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'url' => 'indian-university-teaches-ai-coding-as-early-as-freshman-year',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
			'credit_id' => '48',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
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			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
			'is_published' => true,
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			'section_summary' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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	(int) 4 => array(
		'Articles' => array(
			'id' => '545445',
			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
			'description_old' => null,
			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
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			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
			'is_published' => true,
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	(int) 7 => array(
		'Articles' => array(
			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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	(int) 8 => array(
		'Articles' => array(
			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'section_summary' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
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	(int) 9 => array(
		'Articles' => array(
			'id' => '545429',
			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
			'is_rss' => false,
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			'content_old' => null,
			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
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			'image' => null,
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			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
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<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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Building bridges: Indian PM highlights foundation of relationship with Australia

Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people top...

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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'url' => 'indian-university-teaches-ai-coding-as-early-as-freshman-year',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
			'description_old' => null,
			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
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			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
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			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
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			'url' => 'amazon-web-services-to-invest-an-additional-12-billion-in-india',
			'tags' => 'India, Technology, Cloud Computing',
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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		'Articles' => array(
			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
			'image_caption' => null,
			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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		'Articles' => array(
			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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			'id' => '545429',
			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
			'is_rss' => false,
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			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
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			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
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			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
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			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
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<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
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<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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		'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
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<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'url' => 'indian-university-teaches-ai-coding-as-early-as-freshman-year',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
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			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'image' => null,
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			'url' => 'building-bridges-indian-pm-highlights-foundation-of-relationship-with-australia',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
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			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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		'Articles' => array(
			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
			'description_old' => null,
			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'url' => 'company-spotlight-cipla-raises-annual-consolidated-net-profit-by-45-to-636-million',
			'tags' => 'India, Cipla, Pharmaceuticals',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'image' => null,
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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	(int) 7 => array(
		'Articles' => array(
			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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	(int) 8 => array(
		'Articles' => array(
			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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	(int) 9 => array(
		'Articles' => array(
			'id' => '545429',
			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
			'is_rss' => false,
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			'content_old' => null,
			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
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		'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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Hyundai Motor announces $2.45 billion electric vehicle investment in India

Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its elec...

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			'id' => '545486',
			'title' => 'Indian university teaches AI coding as early as freshman year',
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			'description' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'url' => 'indian-university-teaches-ai-coding-as-early-as-freshman-year',
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-2-Lovely-Professional-University.jpg" alt="" />
<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial parks, and multipurpose towers.</p>
<p>According to India&rsquo;s Department of Economic Affairs, Ministry of Finance and India Investment Grid, India&rsquo;s commitment to an enhanced and improved infrastructure program will drive economic growth, foreign investment interest, and sectoral competitiveness.</p>
<p><strong>Investor-friendly policies and benefits. </strong></p>
<p>The Indian government has laid out new economic policies that make the country more attractive to foreign investors. Depending on the state and industrial sector, India offers foreign tax deductions, grants, and rebates. It has also lifted prohibitions on full foreign ownership of certain businesses in some sectors.</p>
<p>With India becoming a major global hub for FDIs, it seems like Prime Minister Modi&rsquo;s vision of turning the South Asian nation into a $5 trillion economy by 2025 is right on track.</p>
<p><strong><em><a href="https://www.investindia.gov.in" target="_blank" rel="noopener">https://www.investindia.gov.in</a> </em></strong></p>',
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			'title' => 'Building bridges: Indian PM highlights foundation of relationship with Australia',
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			'description' => 'Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.',
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			'content' => '<p>Strengthening their economic partnership and promoting the freedom of movement of students, graduates, academic researchers and business people topped the agenda of a meeting in Sydney last month between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK%204-EDITED-Building%20Bridges.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narenda Modi and Australian Prime Minister Anthony Albanese appear before thousands of Indians settled in Australia. Photo credit: Al Jazeera News</figcaption>
</figure>
<p>During a two-day official visit, Modi emphasized his government&rsquo;s initiatives to boost bilateral cooperation in various sectors, including fintech, medicine, global cooperation and strategic advancement.</p>
<p>&ldquo;The biggest foundation of those ties is mutual trust and mutual respect. And that mutual trust and mutual respect is not an outcome of diplomatic ties, but its biggest reason and strength is you, every single Indian living in Australia,&rdquo; Modi told thousands of Indians settled in Australia, who gathered at the Qudos Bank Arena.</p>
<p>Also attending the event was Albanese, who lauded the healthy relationship between the two countries, several members of his cabinet and members of parliament.</p>
<p>"Our strong partnership with India will deliver benefits for Australia in trade, investment and business, and regional security and stability. This is a relationship we need to invest in,&rdquo; the Australian prime minister said.</p>
<p>The Indian prime minister also told the audience that he saw Australia and India as long-term allies and expected trade between the two countries to double in the next five years.</p>
<p>Both heads of government are set to meet again in New Delhi, India this September 2023 for the G20 Leaders&rsquo; Summit.</p>',
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			'id' => '545444',
			'title' => 'Hyundai Motor announces $2.45 billion electric vehicle investment in India',
			'description_old' => null,
			'description' => 'Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.',
			'credit_id' => '48',
			'image' => null,
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			'url' => 'hyundai-motor-announces-245-billion-electric-vehicle-investment-in-india',
			'tags' => ' India, Hyundai, Automotive, Electric Vehicles',
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			'content' => '<p>Hyundai Motor Co. announced it will invest $2.45 billion in the Indian state of Tamil Nadu over the next decade to boost the production of its electric vehicles through its local subsidiary, Hyundai Motor India, according to a statement on the company website.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Hyundai-Motor-(BT).jpg" alt="" />
<figcaption class="image-caption">Hyundai Motor India Managing Director Unsoo Kim (3th from right) with Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, at the announcement of Hyundai's entry into the Indian state.</figcaption>
</figure>
<p>South Korea&rsquo;s largest carmaker also said it planned to build a state-of-the-art battery assembly factory with an annual capacity of 178,000 units and install 100 EV charging stations across Tamil Nadu in the next five years.</p>
<p>&ldquo;The long-term investment will help enhance our manufacturing capability and also increase the production volume at our plant in Sriperumbudur, enabling us to make the best electric and ICE (internal combustion engine) vehicles in Tamil Nadu for the rest of the world,&rdquo; Hyundai Motor India Managing Director Unsoo Kim said in a press conference.</p>
<p>Also present during the event was Chief Minister of Tamil Nadu Muthuvel Karunanidhi Stalin and Vishnu Venugopalan, Managing Director and CEO of Guidance Tamil Nadu, the state&rsquo;s main investment promotion agency.</p>
<p>Tamil Nadu, a global hub for automobile manufacturing, produces millions of vehicles every year and is India&rsquo;s leading investment destination for EV makers.</p>
<p>According to Indian Finance Minister Palanivel Thiaga Rajan, 46% of two-wheeler EVs sold in the country last year were manufactured in Tamil Nadu. The state has its own electric vehicle policy, which provides EV manufacturers and charging stations with various incentives, including tax holidays and capital subsidies.</p>
<p>Aside from Hyundai Motor India, other EV manufacturers in Tamil Nadu include Nissan, Renault and local players Tata Motors and Mahindra &amp; Mahindra.</p>',
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			'title' => 'Amazon Web Services to invest an additional $12 billion in India',
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			'description' => 'Amazon's cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.',
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			'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
</figure>
<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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			'id' => '545446',
			'title' => 'Company Spotlight: Cipla raises annual consolidated net profit by 45% to $63.6 million',
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			'description' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'content' => '<p>Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Company-spotlight-Cipla-(BT).jpg" alt="" />
<figcaption class="image-caption">Cipla Managing Director and Global CEO Umang Vohra</figcaption>
</figure>
<p>The Indian multinational pharmaceutical manufacturer, through its company website, also said it gained a revenue of $1 million from operations for the quarter ending March 2023, a 9% year-on-year growth.</p>
<p>&ldquo;I am pleased to share that we continue to make significant progress across our focused markets. We are excited for the upcoming year, wherein we look forward to deepening our leadership in branded markets and expanding our differentiated pipeline in the U.S.," said Cipla Managing Director and Global CEO Umang Vohra.</p>
<p>Vohra also said Cipla&rsquo;s growth was driven by the company&rsquo;s strong performance in its key domestic and North American markets, adding that compared to last year, revenue from its pharmaceutical business in India rose 3.5%, while revenue from North America surged 39%.</p>
<p>"Cipla is driven by this beautiful creed of caring for life. We are all about making sure that people have healthier lives,&rdquo; Vohra added.</p>
<p>Currently, Cipla has 1,500+ products across various therapeutic categories across 80+ countries.</p>',
			'is_published' => true,
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			'section_summary' => 'Cipla, India's third-largest drugmaker by sales, recently reported a net profit of around $63.6 million, a 45.2% increase in consolidated net profit from the same period last year. ',
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			'id' => '545435',
			'title' => 'U.S. President Joe Biden to visit India in September',
			'description_old' => null,
			'description' => 'U.S. President Joe Biden will be traveling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.',
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			'url' => 'us-president-joe-biden-to-visit-india-in-september',
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			'content' => '<p style="text-align: left;">U.S. President Joe Biden will be travelling to India in September for the G20 Leaders' Summit in New Delhi. This was confirmed by Assistant Secretary of State for South and Central Asia Donald Lu in a live interview with the press on April 27. It will be Biden's first visit to India as president of the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Biden-Visit-to-G20.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Indian Prime Minister Narendra Modi during the last G20 Leaders' Summit in Bali, Indonesia. (Credit: Twitter @JoeBiden)</figcaption>
</figure>
<p>&ldquo;I know our president is looking forward to travelling to India in September. We're really excited about what's to come in the next few months. We are really thankful for the tremendous work India has done by hosting the G20 and we look forward to actively participating in the many future G20 meetings coming up this year, including the New Delhi Leaders&rsquo; Summit in September,&rdquo; said Lu.</p>
<p>India and the U.S. share strong economic and political ties. The U.S. is India&rsquo;s largest trading partner and export market. Many U.S. companies have expanded their operations in India. Likewise, Indian investment in the United States last year amounted to $12.7 billion and generated more than 70,000 American jobs. Overall, U.S.-India bilateral trade in goods and services reached a record $157 billion in 2022, according to the U.S. Bureau of South and Central Asian Affairs.</p>
<p>Lu said that the U.S. sees the G20 as a powerful forum and opportunity to collaborate with the world's leading economies to respond to global challenges, including food security, health, energy insecurity, climate change and unsustainable debt.</p>
<p>&ldquo;We have seen how the G20 brings together countries for collective action. This meeting in September is no exception,&rdquo; he added.</p>
<p>The 18th G20 Heads of State and Government Summit in New Delhi will take place from September 9 to10 this year. The summit will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.</p>
<p>At the end of the New Delhi summit, the G20 leaders are expected to release a declaration that will reaffirm their priorities and lay out the solutions reached during previous G20 meetings held the past year.</p>',
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	(int) 7 => array(
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			'id' => '545436',
			'title' => 'Bombay Chamber of Commerce: India is open for business',
			'description_old' => null,
			'description' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'bombay-chamber-of-commerce-india-is-open-for-business',
			'tags' => 'India, Bombay Chamber of Commerce, Business, Entrepreneurship',
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			'content' => '<p>Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Chamber-of-Commerce.jpg" alt="" />
<figcaption class="image-caption">Bombay Chamber of Commerce Director General Sandeep Khosla (right) with Greater Mumbai Municipal Commissioner Ashwini Bhide at the SMILE Innovation Summit (Credit: LinkedIn: Sandeep Khosla)</figcaption>
</figure>
<p>GMI POST spoke with the Bombay Chamber Director General Sandeep Khosla and President of the Board of Directors Nilesh Shah to know more about the Bombay Chamber and the substantial investment opportunities in India.</p>
<p>&ldquo;As a chamber, we serve as an effective vehicle of communication and collaboration between regulatory bodies, our members, interested investors, and even other industry associations beyond the boundaries of Mumbai,&rdquo; said Shah.</p>
<p>Shah added that the Bombay Chamber supported a large base of organizations across sectors, from SMEs to large corporations, and brought them together in the hopes that members would support each other and come with new solutions to the most pressing global issues.</p>
<p>A recent project that highlights the chamber&rsquo;s dedication to promoting innovation is its partnership with the Society for Mumbai Incubation Lab to Entrepreneurship (SMILE) under the Municipal Corporation of Greater Mumbai (MCGM). Together, the SMILE Council and Bombay Chamber will work with local civic tech entrepreneurs to convert their ideas into viable business propositions.</p>
<p>&ldquo;We have a very large and thriving business community. And while large Indian companies are already known in the Western world, our micro and small-medium enterprises are so innovative and entrepreneurial that anyone who wants to invest in them would really benefit,&rdquo; said Khosla.</p>
<p>About the investment opportunities in India that await foreign investors, Shah said: &ldquo;India is open for business. In fact, India is one of the most open and unique markets from an investment point of view. The largest private sector bank in India is mostly owned by foreigners. The largest housing finance company is also owned by foreigners.&rdquo;</p>
<p>&ldquo;The same can be said for India&rsquo;s largest automobile company, India&rsquo;s largest FMCG company, and India&rsquo;s largest publicly-listed insurance company. You will find that India has been more than happy to give majority ownership to foreigners in many sectors. And it&rsquo;s thanks to these kinds of partnerships that many companies have built and will continue to find success in India,&rdquo; he added.</p>
<p>Visit <a href="https://bombaychamber.com/" target="_blank" rel="noopener">https://bombaychamber.com/</a> to learn more about the Bombay Chamber of Commerce and Industry.</p>',
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			'section_summary' => 'Founded in 1836, the Bombay Chamber of Commerce and Industry is one of the oldest business organizations in India. 187 years after its foundation, the Bombay Chamber continues to play a significant role in the development of its members and the city of Mumbai. ',
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	(int) 8 => array(
		'Articles' => array(
			'id' => '545437',
			'title' => 'How big is India's startup ecosystem? ',
			'description_old' => null,
			'description' => 'India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade's #StartupIndia. The number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'how-big-is-indias-startup-ecosystem',
			'tags' => 'India, Technology, Startups',
			'is_rss' => false,
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			'content' => '<p>India has the third-largest startup ecosystem in the world, as reported by the Department for Promotion of Industry and Internal Trade&rsquo;s #StartupIndia. The DPIIT added the number of Indian startups has grown from just around 350 before 2014 to more than 90,000 in 2023, with more than 100 of them classified as unicorns (those with a valuation of more than $1 billion). With a year-on-year growth of 12-15%, DPIIT&rsquo;s data implies that between two and three tech startups are set up every day.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-2-EDIT-Indian-Startups.jpg" alt="" />
<figcaption class="image-caption">Microsoft India's Executive Director of Digital Natives Sangeeta Bavi</figcaption>
</figure>
<p>#StartupIndia identified increased corporate partnerships and support from India&rsquo;s government as the key drivers of growth. At a G20 Trade and Investment Working Group (TIWG) meeting held in Mumbai, DPIIT Minister Piyush Goyal emphasized the value of investing in disruptive innovators across the value chain and using their innovations to improve public service delivery. The minister added that more than 26 states in India have adopted tech startup policies.</p>
<p>Further illustrating India&rsquo;s booming tech startup ecosystem, Stanford University&rsquo;s latest AI Index report revealed that India is ranked fifth in the world in terms of investments received by startups that offer AI-based products and services in 2022. Last year, AI startups in India received a total investment of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia.</p>
<p>When asked by Forbes India about the current state of the Indian startup ecosystem, Microsoft India&rsquo;s Executive Director of Digital Natives Sangeeta Bavi said, &ldquo;Startups and small businesses in India are showing an accelerated use of technology to fuel their growth and expand users and customers. They are not just making technology in India for India; they are making tech in India for the world.&rdquo;</p>
<p>Some Indian startups that have made the list of the world&rsquo;s top 100 unicorns include BYJU's, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.</p>',
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	(int) 9 => array(
		'Articles' => array(
			'id' => '545429',
			'title' => 'Explainer: What is India's G20 presidency all about? ',
			'description_old' => null,
			'description' => 'Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world's future. ',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'explainer-what-is-indias-g20-presidency-all-about',
			'tags' => 'India, Economy, G20',
			'is_rss' => false,
			'rss_url' => null,
			'content_old' => null,
			'content' => '<p>Since assuming the presidency of the Group of 20 last December, India has brought together leaders of its member countries and their most important sectors to promote a shared vision of the world&rsquo;s future.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1--EDIT-India-G20-PM-Modi.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi</figcaption>
</figure>
<p>GMI POST presents an overview of India&rsquo;s G20 Presidency and its ambitious aspiration to promote &ldquo;just and equitable growth for all in the world."</p>
<p>The theme of India's G20 presidency is <em>Vasudhaiva Kutumbakam</em>, which is drawn from the ancient Sanskrit text of the <em>Maha Upanishad</em> and translates to "One Earth, One Family, One Future. The theme affirms the value of all life, from humans and animals to plants and microorganisms. It pushes for a greater sense of interconnectedness and community.</p>
<p>The theme also promotes environmentally-conscious practices and a sustainable way of living at the individual, local, national, and global level to achieve a cleaner future for all through the LiFE (Lifestyle for Environment) movement.</p>
<p>&ldquo;India's G20 Presidency will work to promote this universal sense of one-ness. Hence, our theme: One Earth, One Family, One Future,&rdquo; Indian Prime Minister Narendra Modi said.</p>
<p>According to the official G20 website, India will call for rules-based peace and order and just growth for nations in all the 200+ events planned in the run up to the Leaders&rsquo; Summit in New Delhi in September. Also topping the agenda are accelerating the progress on the United Nations&rsquo; Sustainable Development Goals (SDGs), advancing technological transformation and digital public infrastructure, and highlighting women-led development.</p>
<p>Established in 1999 as a platform to discuss global economic and financial issues, the G20 is composed of 19 nations and the European Union (EU). Collectively, it accounts for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.</p>',
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			'id' => '545430',
			'title' => 'Indian Health Minister: Global collaboration will advance health and wellness for all',
			'description_old' => null,
			'description' => 'India's Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India's health sector and called for a more global approach to creating innovations in health.',
			'credit_id' => '48',
			'image' => null,
			'image_caption' => null,
			'url' => 'indian-health-minister-global-collaboration-will-advance-health-and-wellness-for-all',
			'tags' => 'India, Economy, Health, Pharmaceuticals',
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			'content' => '<p>India&rsquo;s Minister of Health and Family Welfare and Chemicals and Fertilizers Dr. Mansukh Mandaviya laid out the priorities for India&rsquo;s health sector and called for a more global approach to creating innovations in health.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-Health-Minister.jpg" alt="" />
<figcaption class="image-caption">Indian Health Minister Dr. Mansukh Mandaviya</figcaption>
</figure>
<p>During the 2nd G20 Health Working Group meeting on April 19, Mandivaya mentioned three key goals: (1) health emergencies prevention, preparedness and response with focus on one health and antimicrobial resistance (AMR); (2) strengthened cooperation in the pharmaceutical sector with a focus on access to and availability of safe, effective, quality and affordable medical countermeasures such as vaccines, therapeutics and diagnostics; and (3) digital health innovations and solutions to aid universal health coverage and improve healthcare service delivery. <br /><br />Mandaviya also said India&rsquo;s &ldquo;One Earth, One Health&rdquo; vision, which involves &ldquo;holistic health care for all creatures &mdash; humans, animals, or plants,&rdquo; can become a reality only through more active and formal global collaboration. He added that innovation in digital health and the use of technology in health service will be a major part of the agenda of the upcoming G20 Leaders&rsquo; Summit in New Delhi this September.</p>
<p>&ldquo;Under the leadership of Prime Minister Narendra Modi, India has a strong political will to lead in innovative research and technology supported solutions which are commercially viable with universal acceptability,&rdquo; Mandaviya said.</p>
<p>According to the latest India Brand Equity Foundation (IBEF) report, health care has become one of India&rsquo;s largest sectors and its value is expected to reach $ 50 billion by 2033. Meanwhile, the value of its e-health market is estimated to reach $ 10.6 billion by 2025, while that of the pharmaceutical industry is expected to reach $ 130 billion by 2030.</p>',
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			'id' => '545431',
			'title' => 'UNFPA: India's population is set to become the world's biggest this year ',
			'description_old' => null,
			'description' => 'India is on track to surpass China as the world's most populous nation by mid-2023, according to the latest "State of World Population Report" by the United Nations Population Fund (UNFPA).',
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			'url' => 'unfpa-indias-population-is-set-to-become-the-worlds-biggest-this-year',
			'tags' => 'India, Economy, Population ',
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			'content' => '<p>India is on track to surpass China as the world&rsquo;s most populous nation by mid-2023, data released by the United Nations showed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-1-EDIT-UNFPA-Andrea-Wojnar.jpg" alt="" />
<figcaption class="image-caption">UNFPA Representative in India Andrea Wojnar</figcaption>
</figure>
<p>In its latest "State of World Population Report," the United Nations Population Fund (UNFPA) said India will have around 2.9 million people more than China sometime in the middle of this year. India will have an estimated 1.429 billion people versus mainland China's 1.426 billion at that time. The same report also showed that India has the world's largest number of people between the ages of 15 and 24, at 254 million.</p>
<p>This projection by the U.N. has sparked expectations for India to become an even bigger economic and global heavyweight, with the country&rsquo;s young citizenry set to drive the country&rsquo;s economic growth for years to come.</p>
<p>Andrea Wojnar, the UNFPA representative in India, said the latest report should symbolize progress and development if individual rights and choices are being upheld. She added that India&rsquo;s rising number of working-age people is expected to give the country more opportunities for economic growth and help cement its place as a global power.</p>
<p>&ldquo;It is a milestone representing historic advances for humanity in medicine, science, health, agriculture, and education,&rdquo; said Wojnar.</p>
<p>Compared to other global powers like the U.S. or China, India has a much younger population, a higher fertility rate, and has seen a decrease in infant mortality over the last three decades, according to 2021 World Bank data.</p>
<p>Since gaining its independence in 1974, India has seen its population grow by more than 400% and has emerged as a global economic titan with a $3 trillion economy &mdash; the third largest in Asia. The country is also a major exporter of software, vaccines, and jewelry, among other products and services that other nations have come to rely on as the global standard of excellence.</p>
<p>Download the full State of World Population report 2023 at <a href="http://www.unfpa.org/" target="_blank" rel="noopener">www.unfpa.org/</a>.</p>',
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		'content' => '<p>Amazon&rsquo;s cloud computing unit, Amazon Web Services (AWS), made public its plans to invest an additional $12.7 billion in India by 2030, the company announced in a statement in May.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FA-2023-INDIA-NL-WK-3-EDIT-Amazon-Web-Services-(BT).jpg" alt="" />
<figcaption class="image-caption">Puneet Chandok, AWS India's president of commercial business</figcaption>
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<p>Dubbed the world's most comprehensive and broadly-adopted cloud, AWS said this long-term investment will be used to build its cloud infrastructure in India and support over 1 million full-time jobs annually. AWS has already invested $3.7 billion in India from 2016 to 2022. With this new commitment, AWS&rsquo; total investment in the worlds&rsquo; most populous country will be US $16.4 billion.</p>
<p>&ldquo;Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,&rdquo; Puneet Chandok, AWS India&rsquo;s president of commercial business said.</p>
<p>The AWS Cloud covers 99 availability zones within 31 geographic regions around the world. The company also announced plans to add 15 more availability zones and five more AWS regions in Canada, Israel, Malaysia, New Zealand and Thailand. AWS currently runs two data centers in India, one in Mumbai and another in Hyderabad.</p>
<p>Aside from AWS, other big tech companies, such as Microsoft and Apple, have also recently expanded their presence in India and announced plans to open additional data centers and factories in the region.</p>',
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include - APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53
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Notice (8): Undefined index: SpecialFeature [APP/View/Featuresite/viewintheloopspecialreport.ctp, line 53]
Code Context
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			'content' => '<p>In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it.</p>
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<figcaption class="image-caption">Lovely Professional University Vice Chancellor Preeti Bajaj, Ph.D</figcaption>
</figure>
<p>Established in 2005, LPU has shattered conventions by making "AI &amp; AI Ethics" a mandatory subject for all first-year undergraduate students.</p>
<p>&ldquo;I'm a big believer that AI will substantially transform humans for the better,&rdquo; LPU Vice Chancellor of LPU Preeti Bajaj, who believes that this cutting-edge technology is capable of advancing human existence.</p>
<p>Firm in its commitment, LPU has introduced the groundbreaking &ldquo;AI &amp; AI Ethics&rdquo; course across all of its 155-plus graduate and masters programs.</p>
<p>Asked about the decision to embrace AI amid the serious concerns expressed by some experts, Bajaj stressed, &ldquo;Not only is AI technology already here, but it is also continuously and rapidly changing entire industries and services, whether it&rsquo;s in business, finance, agriculture, engineering, or even sports and social sciences.&rdquo;</p>
<p>&ldquo;We can&rsquo;t stop humans from innovating, so we&rsquo;d rather build our students&rsquo; skills on how to master new technologies and more importantly, teach them how to use these technologies in an ethical manner,&rdquo; she added.</p>
<p>Bajaj also said more than 30% of LPU's ongoing research projects are AI-based, a testament to the school&rsquo;s unwavering commitment to spearheading innovation.</p>
<p>Bajaj, a doctor in electronics engineering with 32 years of experience, underscored the school&rsquo;s commitment to training the workforce of the future and meeting the evolving demands of the world while recognizing that humans will remain indispensable to shaping the future.</p>
<p>&ldquo;AI can never replace critical thinking. We need to teach our students how to grab these new opportunities and work closely with them to build better industries,&rdquo; she said.</p>',
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			'section_summary' => 'In a bold departure from the norm, Lovely Professional University in Punjab is defying the tide of caution by embracing AI technology with open arms instead of shunning it. Established in 2005, LPU has shattered conventions by making "AI & AI Ethics" a mandatory subject for all first-year undergraduate students. ',
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			'id' => '545480',
			'title' => 'Why invest in India?',
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			'description' => 'From South Korea's Hyundai to the U.S. Amazon Web Services, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world's seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion. ',
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			'content' => '<p>From <a href="https://www.gmipost.com/special-feature/111/india-2023.html">South Korea&rsquo;s Hyundai</a> to <a href="https://www.gmipost.com/article/545445/amazon-web-services-to-invest-an-additional-12-billion-in-india.html">the U.S. Amazon Web Services</a>, India continues to be an attractive choice for foreign investors from all over the world. In 2021, India was named as the world&rsquo;s seventh-largest recipient of foreign direct investments (FDIs) when it received its highest-ever FDI inflow of $83.57 billion.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R2/FDI-NL-1-Invest-India.jpg" alt="" />
<figcaption class="image-caption">Indian Prime Minister Narendra Modi has presided over a nation predicted to become the next economic superpower.</figcaption>
</figure>
<p>Invest India, the most awarded investment promotion agency in the world, breaks down why many foreign businesses are placing their bets in the South Asian nation.</p>
<p><strong>India is one of the world's fastest-growing economies</strong></p>
<p>Comparing India&rsquo;s FDI inflows from 2000 to 2021, the foreign investments coming into the South Asian nation has increased 20 times. The latest International Monetary Fund (IMF) report also shows that India&rsquo;s economy is projected to grow at 5.9% this year, or 271% higher than the U.S.&rsquo; projected growth rate.</p>
<p><strong>India is set to surpass China to become the world&rsquo;s most populous nation</strong></p>
<p>The United Nations Population Fund (UNFPA) in its "State of World Population Report&rdquo; said India will have around 2.9 million people more than China this year. The same report also showed that India has the world's largest number of people between the ages of 15 and 24.</p>
<p>International management consultancy firm Mckinsey &amp; Company supports the numbers in a report, stating that: &ldquo;One in every five Gen Z-ers in the world lives in India.&rdquo; Whether as a consumer base or source of talent, India&rsquo;s large youth population presents an enormous growth opportunity for both domestic and international businesses.</p>
<p><strong>World-class infrastructure</strong></p>
<p>India's robust population and economy have paved the way for major developments in the country&rsquo;s infrastructure. With the goal of making it as easy and efficient as possible to do business in India, Prime Minister Narendra Modi is set to spend a whopping 1.7% of India&rsquo;s GDP on transport infrastructure this 2023 &mdash; around twice the amount spent in America and most European countries. This includes new bridges, road transport and highways, industrial pa