Tag Archives: exports

Rising Bharat Swadeshi News Feed: August 19th 2020

Export

  1. Spices exports from India goes over Rs 21000 crore in 2019-20, records growth of 10 per cent

Key points:

  1. The exports of Indian spices and spice products surged to Rs 21,515.4 crore (USD 3033.44 million) and a volume of 11,83,000 tonnes in 2019-20, sustaining their robust demand in international markets despite stiff competition.
  2. During the previous year of 2018-19, India exported a total of 11,00,250 MT of spices and spices products. 
  3. In rupee terms, the spices exports in 2019-20 grew by 10 percent from Rs 19,505.81 crore and in dollar terms, the growth was 8 percent.
  4. Though the Indian spices are exported to 185 countries, China (24 percent), USA (16 percent), Bangladesh (six percent), Thailand (five percent), UAE (six percent), Sri Lanka, Malaysia, UK, Indonesia, and Germany are the major buyers contributing over 70 percent export earnings.

(The New Indian Express, 19 August 2020) News Link

Startup in Bharat by Bhartiya

How two college students built a profitable home service business based in Jaipur
Key points:

  1. The Jaipur-based startup is a ‘service at home’ company that provides trained service professionals for various needs at home.
  2. At present, the startup is serving eight cities, including Mumbai, Bengaluru, Delhi, Surat, Jaipur, Indore, Kota, and Sawai Madhopur.
  3. NamasteSir takes bookings on its consumer app ‘NamasteSir: Your Service Partner’, which then assigns these orders manually to its registered partners. However, it is developing a partner app ‘Sir Partner’, which will allow partners to accept bookings directly from the nearest customers.
  4. NamasteSir takes bookings on its consumer app ‘NamasteSir: Your Service Partner’, which then assigns these orders manually to its registered partners. However, it is developing a partner app ‘Sir Partner’, which will allow partners to accept bookings directly from the nearest customers.
    (Your Story, 19 August 2020) News Link
  • How DevOps startup Esper helps with Android device deployment, app management
    Key points:
  • Founded two years ago by Shiv Sundar and Yadhu Gopalan, Esper creates a complete tool chain and allows enterprises to deploy and manage touch-enabled Android device applications without worrying about the device infrastructure.
  • The startup also helps streamline the process for building, deploying, and managing apps on devices for POS, restaurants, kiosks, logistics, and transportation at scale.
  • Esper raised $7.6 million in Series A funding in February 2020. The round was led by US-based venture capital firm Madrona Venture Group and saw participation from existing seed investors Root Ventures, Ubiquity Ventures, Haystack Ventures, and Pathbreaker Ventures.
    (Your Story, 19 August 2020) News Link
  • This edtech startup aims to instil analytical and scientific skills in children as young as six years
    Key points:
  • Bengaluru-based WizKlub is a K-8 edtech startup that combines technology and research in cognitive learning to empower K-12 kids to get started on a skill.
  • WizKlub has two flagship products – Higher Order Thinking Skills (HOTS) programme and SmartTech Programme to develop skills in children of ages six to 13 years.
  • The WizKlub SmartTech Programme helps children as young as six years to build and code technology.
  • WizKlub has raised angel and seed funding from HNIs, Incubate Fund India, and Insitor Impact Asia Fund. The startup works on a subscription model, and charges Rs 500 per month for a single programme.
    (Your Story, 19 August 2020) News Link

Investment in Bharat by other countries

Lightspeed India raises $275M, will focus on startups of the future
Key points:

  1. Lightspeed India Partners has closed the Lightspeed India Partners III fund with $275 million of committed capital. As a fund, it has invested more than $750 million in India and supports startups through the growth stages.
  2. It will continue to focus on early stages of innovation, and work with founders to support them through their growth lifecycle – working with a growth capital pool of over $3 billion raised recently in its global funds.
    (Your Story, 19 August 2020) News Link
  • DrinkPrime raises Rs 21 Cr from Omidyar Network India, Sequoia Surge
    Key points:
  • Water purifier startup DrinkPrime on Tuesday announced that it had raised Rs 21 crore ($3 million) in its pre-Series A round.
  • The round was led by Omidyar Network India, with participation from Sequoia Surge
    The Bengaluru-based startup will use the freshly raised funds to strengthen its team and invest in growth plans.
  • The startup has created smart water purifiers by leveraging Internet of Things (IoT) technology and a seven-stage filtration process. It allows users to subscribe to use the company’s advanced modular water purifiers, with a pay-as-you-use model.
  • DrinkPrime is also backed by founders of Snapdeal, Kunal Bahl and Rohit Bansal, GrowthStory’s founders Meena and Krishnan Ganesh, and Bounce, among others.
    (Your Story, 19 August 2020) News Link

Vaccine Development

  1. Oxford COVID-19 vaccine final trials will be held in these 17 hospitals in India

Key points:

  1. The phase II and phase III clinical trial of COVID-19 vaccine developed by the University of Oxford is all set to start in India
  2. Indian pharmaceutical major Serum Institute of India has initiated the process, according to report by news agency ANI.
  3. Pune based drug maker has selected 17 sites in India to conduct the trial. A total of 1,600 candidates will take part in the study.
  4. These sites include — Andhra Medical College (Visakhapatnam), JSS Academy of Higher Education and Research, (Mysore), Seth G. S. Medical College and KEM Hospital (Mumbai), KEM Hospital Research Centre (Vadu), B J Medical College and Sassoon General Hospital (Pune), All India Institute Of Medical Sciences (Jodhpur), Rajendra Memorial Research Institute of Medical Sciences, (Patna), Institute of Community Medicine ( Madras), Post Graduate Institute of Medical Education & Research (PGIMER), Bharati Vidyapeeth Deemed University Medical College and Hospital (Pune), Jehangir Hospital ( Pune), AIIMS (Delhi), ICMR- Regional Medical Research Centre ( Gorakhpur), TN Medical College & BYL Nair Hospital (Mumbai), Mahatma Gandhi Institute of Medical Sciences (Sewagram) and Government Medical College (Nagpur).

(Live Mint, 19 August 2020) News Link

Rising Bharat Swadeshi News Feed: August 18th 2020

Exports

India’s farm exports rise 23.24% in March-June 2020 despite pandemic
Key points:

  1. Agricultural exports rose 23% to Rs 25,553 crore in March-June this year despite the disruption caused by the pandemic.
  2. “Agricultural exports as a percentage of India’s agricultural GDP has increased from 9.4% in 2017-18 to 9.9% in 2018-19. While the agricultural imports as a percentage of India’s agricultural GDP has declined from 5.7% to 4.9% indicating exportable surplus and decreased dependence on import of agricultural products in India,” said a senior agriculture ministry official.
  3. The agriculture ministry has created product specific Export Promotion Forums promote eight agricultural and allied products like Grapes, Mango, Banana, Onion, Rice, Nutri-Cereals, Pomegranate and Floriculture
  4. “Forums will be in active touch with the producers, exporters and other relevant stakeholders of respective commodities and hear their problems, and facilitate, support and provide solutions to them. They will regularly study the market for respective commodities on a global basis,” the official said.
    (Economic Times, 18 August 2020) News Link

Vaccine Development

  1. कोवैक्सिन का तीसरे चरण का ट्रायल कल तक शुरू होगा, बाकी 2 वैक्सीन के ट्रायल पहले और दूसरे चरण में

Key points:

  1. भारत में कोरोना की 3 वैक्सीन बनाई जा रही हैं। इनमें से एक (कोवैक्सिन) का थर्ड फेज का ट्रायल कल तक शुरू हो जाएगा। बाकी दो वैक्सीन में से एक का ट्रायल फेज-1 और दूसरे का फेज-2 में है। स्वास्थ्य मंत्रालय और नीति आयोग ने मंगलवार को प्रेस कॉन्फ्रेंस में यह जानकारी दी।
  2. बीते 24 घंटे में 8 लाख 99 हजार 864 टेस्ट किए गए। यह एक दिन में सबसे ज्यादा टेस्टिंग है। इन्हें जल्द ही बढ़ाकर 10 लाख किया जाएगा।
  3. देश में अब हर दिन औसतन 55 हजार मरीज ठीक हो रहे हैं।
  4. रोज 1.92%, जबकि हर हफ्ते 1.94% लोगों की मौत हो रही है। यानी दोनों आंकड़े 2% से कम हैं।
  5. संक्रमित होने की दर 10% से घटकर 7.2% पर आ गई है।
  6. एक्टिव केस, कुल केसों का महज 24% हैं।
  7. अब तक करीब 20 लाख लोग ठीक हो चुके हैं। यह आंकड़ा एक्टिव केसों से 2.93 गुना ज्यादा है।

(Bhaskar, 18 August 2020) News Link

Investment in bharat by other Countries

  1. People’s Bank of China buys into ICICI Bank amid ‘Boycott China’ movement

Key points:

  1. The People’s Bank of China has now made an investment in ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank’s Rs 15,000 crore capital raising exercise which ended last week.
  2. The Chinese bank signed a cheque of Rs 15 crore in the private bank under the qualified institutional placement.
  3. People’s Bank of China was amongst the 357 institutional investors which included domestic mutual funds, insurance companies and global institutions that subscribed to the issue. The prominent investors among them were Government of Singapore, Morgan Investment and Societe Generale.

(Business Standard, 18 August 2020) News Link

Manufacturing in Bharat by Bhartiya companies

  1. India Life Sciences Fund invests ₹100 cr in Inventia Healthcare

Key points:

  1. Adding to the spree of private equity investments in the Indian pharmaceutical sector, India Life Sciences Fund III has invested ₹100 crore in Inventia Healthcare Ltd.
  2. This is the second private equity fund to invest in Inventia Healthcare. PE firm Jacob Ballas had invested ₹90 crore in Inventia Healthcare between 2008 and 2009.
  3. “This infusion of funds will be used as growth capital for our pharma and nutraceutical business, and further strengthen our balance sheet through deleveraging and accelerate our goal of becoming a debt-free company,” said Janak Shah, chairman and managing director of Inventia.

(Live Mint, 18 August 2020) News Link

Innovations in Bharat

  1. प्रयागराज के पीएचडी स्कॉलर ने गंगा की मिट्टी से बनाई बिजली, राष्ट्रपति कोविंद करेंगे सम्मानित

Key points:

  1. संगम नगरी प्रयागराज के रहने वाले एक इंजीनियरिंग शोधार्थी जितेंद्र प्रसाद ने गंगा नदी की मिट्टी से बिजली उत्पादन की तकनीकी विकसित की है।
  2. जितेंद्र को इसके लिए राष्ट्रपति द्वारा गांधीवादी यंग टेक्नोलॉजिकल इनोवेशन (ज्ञाति) अवार्ड से सम्मानित किया जाएगा। पिछले चार साल की कड़ी मेहनत के बाद जितेंद्र को उपलब्धि हासिल हुई है।
  3. जितेंद्र ने बताया कि, पहले 12 वोल्ट की बैटरी को चार्ज किया और फिर इसे 230 वोट के एसी वोल्टेज में बदलकर बिजली के बल्ब को नौ घंटे तक जलाया।
  4. इस प्रतिष्ठित पुरस्कार की सेलेक्शन कमेटी में पांच पद्मश्री और दो पद्मविभूषण प्राप्त वैज्ञानिक एवं अन्य आईआईटी के प्रोफेसर थे, जिन्होंने जितेंद्र प्रसाद का साक्षात्कार लिया।
  5. भारत के 31 राष्ट्रीय प्रौद्योगिकी संस्थान में सिर्फ एमएनएनआईटी इलाहाबाद के जितेंद्र प्रसाद को यह अवार्ड मिला है।

(Bhaskar, 18 August 2020) News Link

Planning of Investment in Bharat

  1. South Korean EV giant Edison Motors set to invest Rs 5,000 crore in UP

Key points:

  1. South Korean company Edison Motors is looking to invest between Rs 3,500 crore and Rs 5,000 crore in Uttar Pradesh to set up an electric vehicle manufacturing plant in the coming months. The company is scouting for land near Lucknow and the Yamuna Expressway to set up the plant.
  2. Managing director of the company, YK Lee, led a delegation to meet Chief Minister Yogi Adityanath on Monday to discuss the possibility of investing in the state.
  3. Lee said that work will be rolled out in three phases. In the first phase, the company is looking to invest Rs 500-700 crore, Rs 1,000-1,500 crore in the second phase and another Rs 2,000-Rs 3,000 in the third phase. \
  4. Accordingly, it is likely that 2,000 people will be employed in the first phase, 3,000 in the second phase and about 5,000 in the third phase.

The MD added that over 90% of the parts for the electric vehicles will be manufactured in UP. Not only will this help the MSME sector but would help to generate employment in the state.
(TOI, 18 August 2020) News Link