New Delhi: Indian government and the International Monetary Fund (IMF) will be hosting “Advancing Asia: Investing for the Future” which will bring together officials, corporate executives, academics and civil society representatives from more than 30 countries covering Asia and the Pacific.
“Advancing Asia provides a forum for Asia-Pacific leaders to discuss a region renowned for its economic successes over the past decades,” said IMF Managing Director Christine Lagarde.
The Advance Asia conference will gather notable leaders from business and civil society, policymakers and academic.
IMF Managing Director today concluded his two days visit to India stating “I am delighted to have return to India these past few days to see first-hand remarkable dynamism of this country.”
“As Asia’s advanced, emerging market and developing economies move to the next stage of success, they face the key challenge of how to maintain and enhance the region’s high growth record while boosting jobs, reducing inequality, accelerating infrastructure and human capital development and implementing other growth-enhancing reforms.
“I am very pleased to cooperate closely with the Government of India on this conference that will explore how the region can meet these policy challenges through investments in the future,” said Lagarde.
The main agenda of the conference will include the most effective drivers of growth, income inequality, demographic change and gender, infrastructure investment, climate change, managing capital flows and financial inclusion.
Prime Minister, Narendra Modi and IMF Managing Director, Lagare will be among the conference keynote speakers.
The conference will be attended by other sector officials, including Indian Finance Minister Arun Jaitley, Asian Development Bank President Takehiko Nakao, Indonesian Finance Minister Bambang Brodjonegoro and Governor of Bank Negara Malaysia Zeti Akhtar Aziz.
Advancing Asia has followed the Asia 21: Leading the Way Forward conference, held in Daenjeon, South Korea in 2010, where the focus was to discuss the region’s role in a global economy recovering from the Global Financial Crisis.
Advancing Asia will soon be held in New Delhi from March 11 to 13, 2016.(IANS)
After cementing its position across four key business verticals — camera, home printers, office printers and commercial printing solutions — Canon India is now ramping up its effort to top the growing healthcare imaging and security surveillance market in the country, a top company official said here on Wednesday.
After grabbing a substantial share in the Indian market in the professional printing segment which has been among the fastest growing verticals for Canon in India, the company now eyes diagnostic imaging market which is witnessing a tremendous growth with new super-specialty hospitals and diagnostic centres being opened at a fast pace, including in the tier II and II towns.
“In 2020, our key focus areas will be medical and security verticals in India. There have been a strong demand in the field of diagnostic imaging like MRIs, CT scans and X rays in the recent past which, we think, is an important segment for us in this country going forward,” Kazutada Kobayashi, President and CEO, Canon India, told IANS.
Although India will be the youngest country in the world by 2020 with a median age of 29 years, the number of elderly people is likely to increase significantly after that, according to the “State of Elderly in India” report.
By 2021, the elderly population will reach 143 million.
According to market research firm Mordor Intelligence, the increase in life expectancy over the years has resulted in an increase in the population of the elderly. Hence, the growing geriatric population is expected to augment the demand for diagnostic imaging equipment.
The global medical imaging market was approximately $34 billion in 2018 and is expected to generate around $48.6 billion by 2025, according to Zion Market Research, and the of a huge patient pool and rise in the number of hospitals and diagnostic centres in India, Japan and China are anticipated to fuel the medical imaging market in the Asia Pacific.
“Today, if you go to a hospital and take a picture of your chest, that needs to be printed on a film. We propose to print that on a paper. This is my economical and environmental-friendly vision,” said a beaming Kobayashi on the sidelines of the launch of its flagship camera EOS-1D X Mark III.
According to him, security is another big area to focus on.
“Security surveillance camera systems have come of age and at Canon, we are aiming to make a revolution in this area soon,” said the executive.
Canon’s business in India is divided between business-to-consumer (B2C) and business-to-business (B2B) verticals.
The B2C category includes camera and home printers while B2B includes commercial printers and sales to corporates and MSMEs.
Canon India also showcased EOS-1D X Mark III – the flagship product from the Canon EOS range, featuring latest advancements and innovations in digital imaging technology.
“On the camera front, India offers great opportunities in segments like wedding, wildlife, sports and media. One great observation is that the demand for high-end cameras is also coming from smaller Indian towns and we are excited about this,” said C. Sukumaran, Director, Consumer Systems Products and Imaging Communication Products, Canon India.
Priced at Rs 575,995 (taxes included) for the body, including 512GB CF Express Card and Reader, the EOS-1D X Mark III will be available mid-February onwards at select retail outlets across the country.
The EOS-1D X Mark III offers an unmatched continuous shooting speed up to 16fps with viewfinder shooting. It houses a newly developed 20.1MP Full Frame CMOS sensor.
“The newly developed algorithms in the camera enable not just eye detect and face detect autofocus but also head detect autofocus. This allows highly precise autofocus and tracking even in challenging conditions and with multiple and rapidly moving subjects,” informed Sukumaran.