Saudis keen to invest in Indian food sector: Envoy tells Karnataka authorities

Agencies
December 5, 2018

Bengaluru, Dec 5:  Saudi Arabia was keen to invest in the Indian food sector as India was one of the largest exporters of grains and vegetables to the desert kingdom, its ambassador to India Saud bin Mohammed Al-Sati said on Tuesday.

"We are looking to invest in the Indian food sector, particularly in packaging, storage and transportation, as India is one of the largest exporters of food grains and vegetables to our kingdom," Sati told an interactive session with India Inc here.

In view of the 30 per cent wastage in the Indian farm sector due to bottlenecks in storage, packaging and transportation, the envoy said investment by Saudi Arabia would benefit both the countries.

Projecting a 10 per cent increase in bilateral trade between the two countries this fiscal (2018-19) from $27.5 billion last fiscal (2017-18), Sati said there was immense scope to boost it further by investing in agriculture, chemicals, fertilizers and tourism.

"There is a great potential for tourism as we are reducing our dependency on petroleum oil. We are expecting about 8 lakh Indians to visit our country this year as against 5 lakh last year," said the ambassador.

Calling upon India Inc to explore business opportunities in his country, the envoy told the Karnataka members of the Confederation of Indian Industry (CII) apex body to invest in the education and IT sectors to benefit the 3 million Indian expats in the kingdom.

Hydrolines Chief Executive R.P. Nair said IT, IT-enabled services, pharmaceuticals, life sciences, manufacturing, power, energy, transport and logistics, food processing and beverage, infrastructure and construction, plastics and polymers chemicals and automotive were the key sectors for trade between the two countries.

"As relations between the two countries were robust and vibrant, there is huge potential to expand the cooperation in unexplored areas. India can be a strong partner in Saudi Arabia's expansion process," added Nair.

Earlier, Sati called on Karnataka Chief Minister H.D. Kumaraswamy at the state Secretariat in the city centre along with former Minister and Congress legislator Roshan Baig.

Also Read: Bengaluru to get Saudi Arabian consulate soon

Comments

Joseph Stalin
 - 
Wednesday, 5 Dec 2018

Great gift for people. It will help to increase jobs in food packaging, storaging and transporting sections

Unknown
 - 
Wednesday, 5 Dec 2018

Actually we need govt like Saudi . They are really working for people's development and satisfaction. Modi govt such a waste. Working for unwanted issues

Sandeep Ullal
 - 
Wednesday, 5 Dec 2018

Packaging, stiraging fields will improve far better than now. Good news.. Congrats HDK govt. Thank you saudi govt

Vinod
 - 
Wednesday, 5 Dec 2018

Such a nice move. HDK doing great things

Reshma kodialbail
 - 
Wednesday, 5 Dec 2018

Indians love arabian foods. Already we adopted many arabian foods than western

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News Network
March 14,2020

Bengaluru, Mar 14: Infosys carried out evacuation at one of its satellite offices here on Friday after an employee came in contact with a suspected case of COVID-19, according to the company.

"We have taken a decision to evacuate one of our satellite buildings in Bengaluru as a precautionary measure, as one of our employees had been in contact with an individual with suspected COVID-19," the company said in its statement.

"Employees have been directed to work from home, and there is no impact on our client deliverables as a result of this temporary evacuation," it added.

On the other hand, Google also informed media on Friday that an employee at its Bengaluru office has tested positive for the COVID-19 and the firm has directed all its employees in that office to work from home as a precautionary measure.

"We can confirm that an employee from our Bangalore office has been diagnosed with COVID-19. They were in one of our Bangalore offices for a few hours before developing any symptoms. The employee has been on quarantine since then," Google had said in a statement. The search engine giant has asked colleagues who were in close contact with the employee to quarantine themselves and monitor their health.

The World Health Organisation (WHO) has declared the coronavirus outbreak a pandemic.

Coronavirus, which originated in the Wuhan city of China, has so far spread to more than 100 countries infecting over 1,20,000 people. India has reported two deaths and 82 confirmed cases of the deadly coronavirus.

The World Health Organisation (WHO) had declared the coronavirus outbreak a 'pandemic' and expressed deep concern.

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News Network
June 11,2020

New Delhi, Jun 11: The Department of Pharmaceuticals has given its nod for lifting of ban on the export of hydroxychloroquine, Union Minister D V Sadananda Gowda said on Wednesday.

India had banned export of hydroxychloroquine on March 25, with some exceptions, amid views in some quarters that the drug could be used to fight COVID-19. On April 4, it completely banned the exports without any exception.

"Department of Pharmaceuticals has approved the lifting of ban on export of Hydroxychloroquine API as well as formulations. Manufacturers except SEZ/EOU Units have to supply 20 per cent production in the domestic market," the minister of chemicals and fertilisers said in a tweet.

The Directorate General of Foreign Trade (DGFT) has been asked to issue formal notification in this regard, he added.

In another tweet, Gowda said he held discussions with representatives of pharma companies along with some of his ministerial colleagues on the challenges being faced by the industry and on the roadmap to boost exports.

"Had detailed discussion with representatives of pharma companies & association, stakeholder Ministries along with Hon Ministers @piyushGoyal  ji, @HardeepSPuri  ji, & @MansukhMandviya  ji on entire gamut of challenges faced by the industry as well as strategies to boost pharma export," Gowda tweeted.

India exported hydroxychloroquine API (active pharmaceutical ingredient) worth USD 1.22 billion in April-January 2019-20.

During the same period, exports of formulations made from hydroxychloroquine was at USD 5.50 billion.

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coastaldigest.com news network
August 7,2020

Mangaluru, Aug 7: Following the incessant rain for last few days and subsequent landslides reported at various places along Charmadi Ghat, the movement of vehicles been banned for two days. 

Charmadi Ghat road connects Dakshina Kannada and Chikkamagaluru districts on National Highway-73. The fresh landslides caused cracks on the road and uprooted many trees. 
Officials have closed Charmadi as well as Kottigehara check posts as a precautionary measure.

Belthangady tahsildar Mahesh J confirmed that multiple landslides have hit Charmadi Ghat road.

"The road has been closed for vehicular movement as the officials are at the spot to clear landslide debris. As a precautionary measure, vehicular movement has been banned as there are chances of further landslides," he said.

Hundreds of commuters who were stuck on various stretches of the ghat following a landslide between Maleyamaruta and Alekan falls in Chikkamagaluru district have been rescued.

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