PM Modi woos global investors at ‘Vibrant Gujarat’ business summit

News Network
January 10, 2024

modinahyan.jpg

Prime Minister Narendra Modi touted India’s economic prospects at a major business summit in his home state on Wednesday as companies Maruti Suzuki and Adani unveiled investment plans worth nearly $30 billion combined.

India is a “powerhouse for talented youth, a technology hub for finding solutions and a democracy that delivers”, Modi said at the Vibrant Gujarat Global Summit, adding that the nation was on its way to becoming the third-largest economy in a few years.

United Arab Emirates President Mohammed bin Zayed Al Nahyan is also in attendance of the event.

His pitch comes just months before national elections, in which he will seek a third term, and at a time when global businesses are looking at India to diversify supply chains beyond China.

PM Modi hailed the growing startup culture and said that there are over one lakh startups in India, with investment worth billions being made in Indian ports.

The biennial summit, which this year is focused on wooing funds for chip and electric vehicle manufacturing where India lags, has drawn thousands of business leaders, investors and diplomats to the three-day event.

On Wednesday, top carmaker Maruti Suzuki pledged to invest Rs350 billion ($4.2 billion) to build a second car plant in Gujarat state and a new production line at an existing plant.

Billionaire Gautam Adani said his conglomerate will invest $24 billion over five years in renewable energy in the state.

Tata Group is also close to announcing plans to build a new, huge semiconductor fabrication plant in Gujarat with construction to start this year, Tata Sons Chairman Natarajan Chandrasekaran said at the summit.

He added that Tata will also begin construction of a 20 gigawatt battery storage factory in Gujarat in the next couple of months.

Ahead of the summit, Gujarat, one of India’s top industrial hubs, signed initial investment agreements with 58 companies worth a combined $86 billion. Dutch and Singapore firms are also set to commit to more than $7 billion in spending at the event.

Modi said India’s economy has shown momentum and resilience despite geopolitical troubles around the world and invited investors to be a part of its growth journey, saying “my determination will be as big as your dreams”. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 26,2024

palunrwa.jpg

The UN agency for Palestinian refugees (UNRWA) says the northern part of the Gaza Strip has been going through “the hell of the hell" amid Israel's bombing campaign on civilian facilities and blockade of aid for almost three months.

In an interview with Irish state media RTE on Wednesday, UNRWA Communications Director Juliette Touma said northern Gaza has witnessed “heavy, heavy bombardment," as well as loss of life among civilians and attacks on hospitals and shelters.

She was also asked about the situation in the Kamal Adwan hospital, which is still barely functioning in northern Gaza despite an Israeli order to shut down and evacuate.

Touma said the evacuation orders of medical centers and raids on them "have become commonplace in Gaza" since last October, when Israel unleashed its genocidal war on the Palestinian territory.

“We shouldn’t become numb, though, to the fact that this happens all the time. Because, at the end of the day, this is a violation of international law," she added.

"This is crossing a very thick red line and way too many times the rules of war have been broken in Gaza, and those responsible must be held accountable."

Over the past few months, Israel has used tanks, snipers and quadcopters to attack the Kamal Adwan hospital, where over 400 civilians have sought medical care and shelter.

On Wednesday, Physicians for Human Rights - Israel (PHRI), an Israeli NGO that advocates for medical rights, filed an urgent petition with the regime's top court to end the ongoing attacks on the Kamal Adwan hospital.

The petition calls for the establishment of a humanitarian corridor to deliver medical supplies, fuel, and for the safe evacuation of patients and staff.

“The relentless attacks on Kamal Adwan hospital have caused catastrophic harm to medical infrastructure, claimed the lives of patients and staff, and denied access to essential healthcare services," it said.

"Under international law, Israel is obligated to protect the safety and security of patients, medical personnel, and healthcare facilities—even in times of conflict.”

Israel launched its brutal Gaza onslaught on October 7, 2023, after the Palestinian Hamas resistance group carried out a historic operation against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

So far, the occupying regime has killed at least 45,361 Palestinians, mostly women and children, and injured 107,803 others, in Gaza. 

Since early October, Israel has intensified its attacks in the northern Gaza Strip, cut the area off from the rest of the territory, and blocked nearly all food aid from entering the region.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 2,2025

cars.jpg

Mangaluru, Jan 2: The coastal city of Mangaluru witnessed yet another alarming car fire incident last evening, marking the latest in a series of similar mishaps in recent months. Fortunately, quick action by the driver and passengers prevented any injuries.

On January 1, a moving Volkswagen car caught fire on the road leading to the helipad at Maryhill. The passengers noticed flames emanating from the front of the vehicle. Acting promptly, the driver pulled over, and all four occupants exited safely.

Local residents attempted to douse the flames using water, and personnel from the Kadri fire service soon arrived to manage the situation. Despite their efforts, the car's engine was completely destroyed.

This incident adds to a growing list of car fire cases reported in Mangaluru recently:

December 16, 2024: A Hyundai car caught fire near City Centre Mall. The driver narrowly escaped.

November 15, 2024: A car was gutted within minutes near Kadri police station, though the driver escaped unharmed.

November 10, 2024: A Maruti 800 waiting at a petrol station caught fire and was completely burnt.

September 28, 2024: A parked BMW at Adyar was destroyed in a fire.

September 5, 2024: Another BMW caught fire near NITK.

In all these incidents, timely evacuation ensured that no injuries were reported. However, the frequency of such cases raises serious concerns about vehicle safety and the need for preventive measures.

Authorities and vehicle manufacturers must investigate the underlying causes of these fires to prevent future occurrences. Public awareness about vehicle maintenance and safety measures is also critical to avert such mishaps.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 3,2025

protestarrest.jpg

BJP MLA Vedavyas Kamath and several BJP leaders were arrested in Mangaluru during a protest organized by the Dakshina Kannada BJP Yuva Morcha near Mini Vidhana Soudha. 

The protest targeted the Congress-led Siddaramaiah government, accusing it of fostering an environment of harassment and distress, which the BJP claims has led to multiple suicides among contractors and government officials.

Key Points:

Addressing the gathering before his arrest, Kamath criticized the Congress government, alleging that neither contractors nor honest officials have found peace since it assumed power. He remarked, "Suicide seems to be the only 'guarantee' under this administration."

Kamath cited the suicide of contractor Sachin, allegedly driven to death by harassment from individuals linked to Minister Priyank Kharge.

Other cases highlighted included the suicides of Chandrashekar, superintendent of the Maharshi Valmiki Development Corporation, and Rudresh, who was allegedly harassed by an aide of Minister Lakshmi Hebbalkar.

Kamath also referred to a Dalit inspector, Parashuram, who reportedly succumbed to alleged torture connected to Congress MLA Channareddy Patil’s son.

He accused Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar of remaining silent due to political fears over their positions.

Prominent BJP leaders such as Ramesh Kandetthu, Premananda Shetty, Vikas Puttur, Nandan Mallya, Monappa Bhandary, Pooja Pai, Deputy Mayor Bhanumathi, and Sanjay Prabhu participated in the protest alongside party workers and municipal council members.

The protest escalated, resulting in the arrest of Kamath and other BJP leaders by the police, marking a dramatic standoff between BJP and Congress.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.