Modi to meet Apple CEO Tim Cook in San Francisco

September 16, 2015

New Delhi, Sep 16: The showstopper of Prime Minister Narendra Modi's US visit later this month may well be his meeting with Apple CEO Tim Cook in San Francisco. This could have implications far beyond the headlines it will generate. Apple, it is believed, is looking to invest in building manufacturing capacities in India, which could come as a huge boost for Modi's 'Make in India' project.

modi621While auto companies are already here, tech companies like Google don't really manufacture. Apple, if it comes, would be really into manufacture and signal Indian manufacturing capabilities.

The Cupertino-based company's sales of i-Phones in India grew 93% in the third quarter — albeit off a lower base — faster than 87% growth in Greater China markets. Apple uses manufacturing facilities of Foxconn, which has recently promised to invest $5 billion in manufacturing facility in Maharashtra.

It's believed that Apple may consider manufacture in India for third country markets. There is also talk that Apple might consider facilities in India to refurbish its products. Refurbishing is currently not allowed under India's industrial policy. There would be a demand from Apple to change that policy. It believes its refurbished products (phones, computers, tablets, laptops) have a big market in Asia. They draw a distinction between refurbished and second-hand products and believe that Apple products, if properly refurbished, have a much longer life than, say, Samsung or other similar products.

In fact, Cook will, in a unique coincidence, be meeting the heads of two biggest Asian powers in the same week. Cook may join other top US CEOs for an exclusive meeting with Chinese President Xi Jinping who will be touring the US around the same time as Modi.

As he prepares to sweep through New York and California, Modi has carefully chosen his meetings with US Inc in the same way he did last year. Time Inc, for instance, will be hosting a 100-guest dinner for Modi with chief executives from companies specializing in infrastructure and manufacturing. In 2014, Modi had promised action on land acquisition, GST and energy. This year, he will have to explain how he plans to find ways around as his government is still to deliver on two of these. Nevertheless, he will still be able to showcase a large number of reforms his government has undertaken in the past year.

J P Morgan will be doing an exclusive meet for 15 top CEOs from the financial sector with Modi while in a separate meeting, he plans to explore media and communication strategies with Rupert Murdoch of News Corp and others.

In California, Modi will be welcomed at the Tesla plant by the now iconic Elon Musk. He could ride the famous Tesla M, but then again, he might heed the caution of his own officials.

Mark Zuckerberg of Facebook will be doing a town hall meeting with Modi on September 27, which he announced on his Facebook page, and was "liked" by almost 75000 people. At the Google tent, Modi will be meeting Eric Schmidt and Sundar Pichai, though not Sergey Brin.

Apart from pushing the digital technology sector as he plans a big push to his 'Digital India' and 'Make in India' projects. While in manufacturing, India still has a way to go, it is now the new name in town in digital innovation and entrepreneurship, where government rules too are a lot more business-friendly.

The key themes that will dominate Modi's visit to the US this time are entrepreneurship and innovation. In his meetings, both in California and New York, India will seek to get a deeper sense of the opportunities it can harness, lessons to be learnt and the role governments can play in harnessing entrepreneurship. The Indian team will be looking for lessons on how to support the eco-system for disruptive digital technologies and innovations, including ways to be able to harness these for the welfare of those in the bottom of the pyramid.

A third theme running through Modi's visit this time will be renewable energy. He will not only hold a roundtable on the subject at Stanford University, but this will feature prominently in his conversation with US President Barack Obama in New York on September 28, weeks before world leaders gather in Paris for the climate change conference.

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Agencies
May 4,2020

New Delhi, May 4: The government has not talked about charging anything from migrant labourers as 85 per cent of the transportation cost is borne by the railways and 15 per cent by state governments, the Centre said on Monday amid a row over the national transporter allegedly charging the workers for ferrying them home during the COVID-19-induced lockdown.

The government also said the process of transporting the stranded migrant labourers was being coordinated by states “except for one or two states”.

Asked if the migrant labourers were being charged for being ferried home, Joint Secretary at the Health Ministry Lav Agarwal said that as far as migrant labourers are concerned, the guidelines have clearly stated that under the infectious disease management one should stay where he or she is.

“Based on the request given from states for particular cases, permission was given to run special trains. Be it government of India or the Railways, we have not talked about charging from workers. Eighty-five per cent of the transportation cost is borne by the Railways, while states have to bear 15 per cent of the cost,” he told reporters.

“Based on the request of the states the process that started, under which limited number of stranded migrant labourers have to be transported for a particular reason, is being coordinated by the state governments, except for one or two states,” Agarwal said.

At the daily briefing on the COVID-19 situation, Agarwal also said that in the last 24 hours, 1,074 COVID-19 patients have recovered, the highest number of recoveries in one day.

The recovery rate stands at 27.52 per cent with 11,706 COVID-19 patients cured till now, he said.

Agarwal said in the last 24 hours, 2,553 novel coronavirus cases were reported, taking the number of overall cases to 42,533. The total number of active cases stands at 29,453, he said.

The joint secretary also said that the COVID-19 curve is relatively flat as of now and it was not right to talk in terms of when the peak would come.

“If we collectively work then the peak might not ever come, while if we fail in any way we might experience a spike in cases,” he said.

Amitabh Kant, Chairman of the Empowered Group dealing with civil society, NGOs, industries and international partners, said in 112 aspirational districts, “we worked with the collectors and in these 112 districts only 610 cases have been reported which is two per cent of the national level infection”.

In these 112 districts, 22 per cent of India's population resides, he said.

In a few districts like Baramulla, Nuh Rachi, Kupwara and Jaisalmer more than 30 cases have been reported, while in the rest of the places very few cases are there, Kant said.

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 - 
Tuesday, 5 May 2020

why is no one talking about privatized railways? why Adani is not offering free travel to laborers?

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News Network
April 22,2020

New Delhi, Apr 22: Philanthropist and Microsoft co-founder Bill Gates has lauded Prime Minister Narendra Modi's leadership in dealing with COVID-19 pandemic by adopting several measures including lockdown and increasing health expenditure to strengthen the health system response.

"We commend your leadership and the proactive measures you and your government have taken to flatten the curve of the COVID-19 infection rate in India, such as adopting a national lockdown, expanding focused testing to identify hot spots for isolation, quarantining, and care, and significantly increasing health expenditures to strengthen the health system response and promote R&D and digital innovation," Gates wrote.

He added: "I'm glad your government is fully utilising its exceptional digital capabilities in its COVID-19 response and has launched the Aarogya Setu digital app for coronavirus tracking, contact tracing, and to connect people to health services."

Prime Minister Modi had on March 24 announced a 21-day nationwide lockdown as a precautionary measure to contain the spread of COVID-19. The lockdown was later extended to May 3.

Gates further stated, "Grateful to see that you are seeking to balance public health imperatives with the need to ensure adequate social protection for all Indians."

With 1,486 new cases and 49 deaths in the last 24 hours, India's total number of coronavirus positive cases have risen to 20,471 while the death toll stands at 652, Union Ministry of Health and Family Welfare said on Wednesday.

Out of the total number of cases, 15,859 are active cases, 3,959 cured or discharged or migrated and 652 deaths.

Bill Gates met Prime Minister Modi in New Delhi on November 18 last year.

During his visit, Gates had addressed a function organised by NITI Aayog for the release of its report on 'Health Systems for a New India: Building Blocks - Potential Pathways to Reforms' wherein he lauded the country for its healthcare system and talked about how digital tools can help improve it further.

At that time, the philanthropist had commended the Central government for stepping up and eradicating polio.

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News Network
May 18,2020

May 18: Goldman Sachs expects India will experience its deepest recession ever after a poor run of data underscored the damaging economic impact of lockdowns in the world’s second-most populous nation.

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months, compared with Goldman’s previous forecast of a 20% slump. A stronger rebound of 20% is now seen for the third quarter, while projections for the fourth quarter and first of next year are unchanged at 14% and 6.5%.

Those estimates imply that real GDP will fall by 5% in the 2021 fiscal year, which would be deeper than any other recession India has ever experienced, Goldman economists Prachi Mishra and Andrew Tilton wrote in a note dated May 17.

India’s government has extended its nationwide lockdown until May 31, while further easing restrictions in certain sectors to boost economic activity, as coronavirus cases escalate across the country. The announcement followed Finance Minister Nirmala Sitharaman’s fifth briefing in as many days, in which she outlined details of the country’s $265 billion virus rescue package, which is equivalent to 10% of India’s GDP.

 “There have been a series of structural reform announcements across several sectors over the past few days,” the Goldman economists wrote. “These reforms are more medium-term in nature, and we, therefore, do not expect these to have an immediate impact on reviving growth. We will continue to monitor their implementation to gauge their effect on the medium-term outlook.”

Infections are surging across the South Asian nation of 1.3 billion people, with more than 91,300 infections, including 2,897 deaths as of Sunday, according to data from Johns Hopkins University.

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