Wednesday January 23, 2019
Home India President Pra...

President Pranab Mukherjee announces e-tourist visas for Swedish nationals

0
//

pranab-mukherjee

Stockholm/New Delhi: President Pranab Mukherjee on Tuesday announced e-tourist visas for all Swedish nationals during an interaction with business leaders from India and Sweden in Stockholm.

Mukherjee, who is on a state visit to Sweden, assured the Swedish CEOs that the Indian government is “responsive to industry and investors”.

“It is creating an appropriate atmosphere in the country to promote investment and manufacturing. A constant dialogue between investors and officials will help at the arrival of solutions to specific problems,” he said.

Addressing a Business Seminar later, the President said India-Sweden business relations date back to the early 20th century when Ericsson brought manual switches and telephone systems to India.

Swedish Match established its facility (WIMCO) in India in 1926. Since then, many other Swedish companies have established operations in India. There are 170 Swedish joint ventures and wholly owned subsidiaries in India.

Investments have also begun to flow from India to Sweden with around 50 Indian companies present in Sweden, said a Rashtrapati Bhavan statement.

The president urged businessmen of both sides to reinvent India-Sweden relations and give it new dimensions.

Welcoming the enthusiasm shown by Swedish firms in investing in India, he said the three Ds of India – Democracy, Demography and Demand will ensure that their investments are a huge success.

Pointing out that India is going to become a $8-trillion economy in PPP terms by the end of this year and its international trade will soon cross $1 billion, the president called upon Swedish investors to lend their expertise.

He said India will give them the capacity required, adding that India and Sweden should share their collective wisdom to move forward together, the statement said.

The Swedish CEOs said they are planning to increase their investments and employ more people in India. They warmly welcomed the government’s ‘Make in India’ initiative as well as other reform measures underway while they also drew attention to the challenges in doing business in India.

The Swedish CEOs who attended included Jacob Wallenberg, Chairman Investor AB; Hans Vestberg, President and CEO Ericsson; Hakan Buskhe, President and CEO SAAB; Olof Faxander, President and CEO Sandvik; Anders Grundstramer, Senior VP Scania/MD of Scania India; Carl-Henric Svanberg, Chairman Volvo Group and Goran Westerberg, CEO Rusta, the statement said.  (IANS)

 

Next Story

Samsung Unveils its Latest Processor For Mid-ranged Smartphones in India

The processor is currently in mass production and is expected to soon be part of Samsung's next mid-ranged smartphone

0
Samsung, speaker
Samsung files new patent application for 3D displays.

Samsung on Monday announced its latest processor for mid-ranged smartphones — Exynos 7 Series 7904 — with enhanced multimedia support and high-end features, customized especially for India.

The processor delivers fast octa-core performance required for nimble web browsing, quick app launching and smooth multitasking while consuming less power, the company said in a statement.

“Exynos 7 Series 7904 will enable advanced mobile experiences in a broader range of devices with triple-camera support, powerful performance and connectivity,” said Rajeev Sethi, Senior Director and Head of sales and marketing, device solutions, Samsung India.

Built on a 14nm process, the processor is equipped with two Cortex-A73 cores that run at 1.8GHz and six Cortex-A53 cores at 1.6 GHz.

Samsung
Samsung.

“With-A73 as a ‘big-core’ Exynos 7904 delivers fast single-core performance and the embedded LTE modem supports Cat.12 3-carrier aggregation (CA) for 600Mbps downlink speed,” the company added.

The image signal processor (ISP) of Exynos 7 Series 7904 features single-camera resolution of up to 32MP and an advanced triple-camera setup.

Also Read- Green Activists to Build a Taj Mahal with Plastic Waste in Agra

Additionlly, it also comes with support for faster Full High Definition (FHD) at 120 frames-per-second (fps) or Ultra High Definition (UHD) at 30fps of video playback along wth FHD+ display for vivid mobile entertainment, the company said.

The processor is currently in mass production and is expected to soon be part of Samsung’s next mid-ranged smartphone. (IANS)