Friday October 20, 2017
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Modi, Merkel seek to bolster bilateral ties

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NewsGram Staff Writer

Bengaluru: With Indian and German companies signing five agreements and automotive giant Bosch announcing Rs.650 crore investments in India on Tuesday, Prime Minister Narendra Modi and German Chancellor Angela Merkel aimed at providing a new direction to bilateral ties by strengthening economic and business links.

Modi exhorted German industry to invest and ‘Make in India’ for a growing domestic market and huge export markets the world over, while Merkel exuded great confidence that ties would see a quantum leap.

Flagging the opportunities, ranging from building 50 million houses to setting up 100 smart cities, Modi said German investors and companies could also explore modernisation of the vast state-run railway network and stations to setting up of new railway corridors.

“Generation of 175 giga-watt of renewable energy to construction of transmission and distribution networks, national highways, bridges, and metro rails are among the investment opportunities beckoning the robust German industry,”  Modi said.

Digital India, Skill India and Startup campaigns were showcased to the high profile business delegation accompanying Merkel, who began a three-day official visit Sunday night.

Indian and German companies signed five agreements on smart mobile urban solutions, Software Defined Radios, development of solar projects, skills development in electrical semi conductors and collaboration in machine tools on Tuesday.

Earlier in the day, Bosch Ltd announced that Rs.650 crore would be invested in India for developing its innovation network when Modi and Merkel visited its establishment here.

At the Indo-German summit themed “Digitizing Tomorrow Together”, Modi assured global investors on the ease of doing business in India and addressed taxation concerns which many of them have.

Modi assured India would not resort to retrospective taxation, noting it had not levied minimum alternative tax (MAT) on foreign portfolio investors and deferred implementing the General Anti-Avoidance Rules (GAAR) by two more years.

He said they were hopeful of rolling out the Goods and Services Tax Bill from April 2016, and also announced a new bankruptcy code to hasten the pace of liquidation in stress cases.

“We are working on a new bankruptcy code and a company law tribunal will be set up to improve ease of doing business in India with a transparent and predictable tax regime,” Modi said

Stressing that the government had no business to be in business, he said the country was committed to protect Intellectual Property Rights (IPRs) of all innovators and entrepreneurs.

In her address at the summit, Merkel said here country is interested in partnering with India in skill development, railways, infrastructure, energy, mobility and training.

“India needs highly skilled jobs and Germany needs highly skilled labour. In the framework of Skill India we need business links, science links and political links” she said.

Terming India as the silicon valley of Asia, she said 170 German companies are operating in Bengaluru and nearly 1,600 companies all over India, some of which are older than 100 years.

Merkel also highlighted that Indo-German bilateral trade reached up to 60 billion Euros and with a business volume of 10 billion Euros through German companies in India, Germany has become an important investor.

(With inputs from IANS)

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Rs 10,000 cr will be given to top 10 Universities to make them World-Class, says Prime Minister Narendra Modi

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Prime Minister Narendra Modi.
Prime Minister Narendra Modi. Wikimedia

Patna, October 14: Prime Minister Narendra Modi on Saturday said it was a “blot” that Indian universities do not figure among the top 500 of the world and noted that the government has decided to give autonomy and Rs 10,000 crore to top 10 public and private universities over the next five years to make them world-class

.Addressing the centenary Celebrations of Patna University here in presence of Bihar Chief Minister Nitish Kumar, Modi said Indian universities such as Nalanda and Takshashila attracted students from all over the world.

“We are not among the top 500. We should remove this blot or not. The situation should change through our determination and hard work,” Modi said.

He said the government has come with a scheme to make 10 private and 10 public universities world-class by providing them autonomy from the constraints of government rules and freedom to grow.

“They will be given Rs 10,000 crore in the next five years,” Modi said.

Prime Minister Narendra Modi said the selection will not be on any recommendation. “The universities will be a selected on the basis of a challenge in which they will be required to prove their mettle. The selection will be based on factors such as history, performance and its roadmap reach global benchmarks. A third party professional agency will be involved in the selection process,” Modi said.

Referring to demands for making Patna University a central university, Modi said it should strive to be among the globally-ranked varsity based on the competition and “this was many times ahead of being a central university”.

“Patna University should not stay behind (in the challenge),” he said.

Prime Minister Narendra Modi said reforms in the country’s education sector have progressed at a slow speed and there have been differences among educationists which had hampered innovation with the governments too not measuring up to the task.

The Prime Minister said that for two years he heard arguments for and against granting more autonomy to Indian Institutes of Management (IIMs) and then a big decision was taken.

“It is for the first time that the IIMs are out of government control and have been professionally opened up. This is a big opportunity for them and they would make the best use,” he said.

Modi said that Patna University was known to produce IAS and IPS officers and in the same manner IIMs are known to produce Chief Executive Officers (CEOs) of global companies.

He also urged universities to move from conventional teaching to innovative learning and involve alumni associations more actively.

Prime Minister Narendra Modi said 65 per cent of the population of the country was below 35 years in age and the dreams of development can be fulfilled.

“We need to understand the changing trends across the world and the increased spirit of competitiveness. In that context India has to make its place in the world,” Modi said.

He appreciated the efforts Nitish Kumar towards development of the state and said the progress of eastern India is the Centre’s topmost priority.

“The commitment of Nitish Kumar towards the progress of Bihar is commendable. The Centre attaches topmost importance to the development of eastern India,” Modi said.

He said when the country celebrates the 75th anniversary of Independence day in 2022, he wants to see Bihar standing among the list of prosperous states.

Modi also said that many top level officials of civil services are students of Patna University.

“In every state, the top levels of the civil services has people who have studied in Patna University. In Delhi, I interact with so many officials, many of whom belong to Bihar… I consider it my honor to visit Patna University and be among the students. I bow to this land of Bihar. This university has nurtured students who have contributed greatly to the nation.”

He said that Bihar is blessed with both ‘Gyaan’ and ‘Ganga.’ “This land has a legacy that is unique,” he said.(IANS)

One response to “Rs 10,000 cr will be given to top 10 Universities to make them World-Class, says Prime Minister Narendra Modi”

  1. Grant of money alone does not make great institutions of learning, just as making large grand buildings, and setting up large sophisticated laboratories. It is the high ideals, learning & character in honest pursuit of knowledge and service that facilitates to create an atmosphere of pursuing higher & higher knowledge for the sake of welfare of humanity. An the open atmosphere of freely sharing the expertise & experience of seniors with development of young brains is equally important . This aspect has been pointed out by our Prime minister by the involvement of Alumni for the development of great institutions of learning.
    Another aspect that has not received due attention in the field of education in India so far is that we have not addressed properly the question of training and developing teachers of right caliber & character right from nursery and primary school levels of education to postgraduate levels in university in all fields of education i.e. humanities, engineering and medical schools by taking in to consideration present needs of society.
    Another point to note is that the famous All India Institution of Medical Sciences in Delhi was not set up to provide super speciality hospital services to the country, but to develop excellent faculty of teachers in collaboration with Harvard. This objective got lost on the way.

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India Looks at Strategic Partnership with Oil Producers

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Prime Minister Narendra Modi
Prime Minister Narendra Modi at his three-hour long meeting here with chief executives of top global and Indian companies. ians

New Delhi, Oct 9: India is looking to upgrade its relationship with producing countries to a strategic one, instead of mere buyer-seller, Petroleum Minister Dharmendra Pradhan said on Monday.

This was the message of Prime Minister Narendra Modi at his three-hour long meeting here with chief executives of top global and Indian companies, including British major BP, Russia’s Rosneft, Saudi Aramco and Reliance Industries, on ways to revive investment in oil and gas exploration and production.

“The Prime Minister laid out to leading companies like BP, Shell, Rosneft, Exxon Mobil as to what should be the energy economy of India,” Pradhan told reporters here on the sidelines of the CERAWEEK India Energy Forum organised by IHS Markit.

“The Prime Minister emphasised the need to move the engagement to a strategic partnership, going beyond the buyer-seller relationship,” he said, adding that “all major producers, Saudi Arabia, Russia, the US, all have recognised the massive scale of India’s energy engagement”.

According to a statement, from the Prime Minister’s Office, Modi said there is a need to develop energy infrastructure and provide access to energy in eastern India as the status of the energy sector in India was highly uneven.

CEOs and top officials from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency were present at the meeting.

Pradhan, Power Minister R.K. Singh, and senior officials from NITI Aayog and Prime Minister’s Office, as well as the Petroleum and Finance Ministries were also present in the meeting.

Addressing the conference, Pradhan said that with India now being well integrated into the global oil economy, she was naturally impacted by geopolitical developments.

“Recently, when retail fuel prices went up in India, there was a hue and cry in the street,” he said of the time last month when petrol prices in Mumbai went over Rs 79 a litre due to a rise in international rates.

“We therefore need to know and keep abreast of what is happening in the industry worldwide… about OPEC and output cuts, about Russia, shale in the US, trends in LNG market,” he added.

As proof of the upgraded energy relationship with Saudi Arabia, Pradhan noted the opening of Saudi state-run oil giant Aramco’s India office in Gurugram on Sunday that was jointly inaugurated by him and Aramco CEO Amin Nasser.

“Aramco investment in India will increase..they are in talks with possible partners here,” Pradhan said.

Saudi Aramco, which established its business presence in India last year, has formed an Indian subsidiry that will engage in crude oil and LPG marketing, engineering and technical services, and other business development activities.

“Aramco India intends to partner with Indian companies and set up integrated business ventures in the hydrocarbon value chain in India,” the Petroleum Ministry said.

According to the PMO, Modi thanked Russian President Vladimir Putin, and Rosneft, for their commitments and support to the energy sector in India. He also appreciated the 2030 vision document of the Kingdom of Saudi Arabia.(IANS)

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Delhi University Students Win the Enactus World Cup 2017

India wins the Enactus World Cup 2017

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Delhi University
India wins Enactus World Cup 2017. Twitter.

New Delhi, Sep 30: After an extremely tough competition between different students across the world in the Enactus World Cup 2017, Team India, represented by Shaheed Sukhdev College of Business Studies (SSCBS), Delhi University emerged as the winner. The winning projects were project UDAAN and Mission RAAHAT.

Supporting the Government of India’s Digital India and Swachh Bharat Abhiyan mission, RAAHAT strives to effectively eliminate open defecation and provide safe sanitation in the urban slums; whereas, UDAAN aims at narrowing the digital divide between rural and urban India by setting up computer centres.

The Delhi University college team was led by the college’s faculty advisor, Anuja Mathur and student president of SSCBS Student President Aditya Sharma. The winning projects included 34 more members. The Enactus India and Enactus SSCBS were presented the Ford Better World Award of USD 50,000.

Also Read: Three Indian Women on Fortune’s Most Powerful Business Women

President and Global CEO, Enactus, Rachael A. Jarosh congratulated the Indian for winning the world cup and called the projects- RAAHAT and UDAAN, inspirational success stories of Enactus students, who are sowing businesses. She said that the projects address the real world challenges efficiently and innovatively. Enactus India President Farhan Pettiwala said that the two projects created by Delhi University students contribute to the country’s betterment, as they support the Government’s civil and social agenda.

Enactus is an international nonprofit organisation, with 72,000 students from 1,700 universities in 36 countries, which held its annual global event in London from September 26 to 28. A selected group of 3,500 students, business, government leaders and academicians across the globe were present at the event. Participants for the final competition round are qualified from over 72,000 university students. Each team has about 17 minutes to present their projects of entrepreneurial action.

Enactus works to nurture the entrepreneurial skills of students, and to address fundamental, social and economic challenges by developing innovative and experiential learning opportunities for students.

-by Megha Acharya of NewsGram. Megha can be reached at @ImMeghaacharya.