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ITFA and T-Hub Join Forces to Strengthen India-Turkiye Trade Ties

Strengthening Economic Ties: ITFA and T-Hub Collaborate to Boost India-Türkiye Trade and Investment

In a significant move to enhance economic collaboration between India and Türkiye, the Indo-Türkiye Friendship Association (ITFA) and Telangana’s premier startup incubator, T-Hub, have signed a Memorandum of Understanding (MoU). This landmark agreement, formalized at the Turkish Consulate General in Hyderabad on January 24, 2025, represents a pivotal step toward fostering bilateral trade, investment, and innovation.

The MoU signing ceremony was graced by esteemed dignitaries, including Orhan Yalman Okan, Consul General of Türkiye, M.A. Faiz Khan, Chairman of ITFA, and Sujit Jagirdar, interim CEO of T-Hub. Hosted at the Turkish Consulate, the event underscored the commitment of both nations to deepen economic cooperation and leverage mutual strengths for shared prosperity.

A Vision for Economic Growth

India and Türkiye have long recognized the potential for robust trade and investment partnerships. In 2024, trade between the two nations reached an impressive $13 billion, underscoring their dynamic economic synergy. With an ambitious mid-term target of $20 billion set by both governments, this new collaboration aims to unlock avenues for growth and diversification.

Key Objectives of the MoU

The partnership between ITFA and T-Hub seeks to achieve the following objectives:

  1. Foster Innovation and Collaboration: Facilitate joint initiatives, exchange programs, and partnerships between startups, innovators, and businesses in both countries.
  2. Enhance Trade Opportunities: Establish a structured framework to identify and capitalize on untapped trade opportunities in sectors such as technology, manufacturing, pharmaceuticals, and renewable energy.
  3. Boost Investment: Encourage investments from Turkish businesses in Indian startups and vice versa, leveraging T-Hub’s ecosystem to nurture cross-border entrepreneurship.
  4. Promote Cultural and Economic Understanding: Strengthen people-to-people ties and cultural exchanges to build trust and mutual respect, which are vital for sustained economic partnerships.

The Role of T-Hub

As one of India’s leading startup incubators, T-Hub has played a transformative role in driving innovation and fostering entrepreneurship. Its robust network of startups, investors, and mentors positions it uniquely to bridge the gap between Indian and Turkish businesses. The MoU empowers T-Hub to:

  • Provide mentorship and resources to Turkish startups entering the Indian market.
  • Facilitate Indian startups in exploring business opportunities in Türkiye.
  • Organize trade missions, startup expos, and networking events to connect entrepreneurs from both nations.

Türkiye: A Strategic Partner for India

Strategically located at the crossroads of Europe and Asia, Türkiye serves as a gateway for Indian businesses to access European and Central Asian markets. With a robust manufacturing base, skilled workforce, and pro-business policies, Türkiye presents an attractive destination for Indian investors. Conversely, India’s vast market, diverse economy, and technological expertise offer significant opportunities for Turkish enterprises.

Strengthening the Bilateral Agenda

The MoU aligns with the broader vision of India and Türkiye to enhance their bilateral agenda. Both nations have identified key sectors for collaboration, including:

  • Technology and Digital Innovation: Building partnerships in artificial intelligence, fintech, and e-commerce.
  • Renewable Energy: Collaborating on green energy projects to address global sustainability challenges.
  • Healthcare and Pharmaceuticals: Expanding trade in medical equipment, pharmaceuticals, and healthcare services.
  • Infrastructure Development: Pursuing joint ventures in infrastructure projects, including smart cities and transportation.

The Path Ahead

The ITFA-T-Hub collaboration is expected to catalyze a new era of economic engagement between India and Türkiye. By fostering innovation, enhancing trade, and encouraging cross-border investments, this partnership holds the potential to create a win-win scenario for both nations. As governments and private sectors join forces to achieve the $20 billion trade target, the future of India-Türkiye economic relations appears brighter than ever.

M.A. Faiz Khan, Chairman of ITFA, aptly remarked, “This MoU is not just a document but a commitment to unlock the true potential of our partnership. Together, we can achieve unprecedented growth and build a legacy of innovation and collaboration.”

As the world witnesses this transformative partnership, the ITFA and T-Hub collaboration stands as a testament to the power of international cooperation in driving economic progress and innovation. The MoU signing on January 24, 2025, at the Turkish Consulate General in Hyderabad marks the beginning of a promising journey toward stronger economic ties between India and Turkiye.

Telangana and Singapore institute sign deal on skill development cooperation

Telangana and Singapore institute sign deal on skill development cooperation

The Telangana government and the Singapore Institute of Technical Education (ITE) signed a deal on skill development collaboration during Chief Minister Revanth Reddy’s visit to the city-state.

In Short

  • Revanth Reddy on 3-day Singapore visit to attract investments to Telangana
  • He got firsthand knowledge about skill development courses at Singapore ITE
  • He met Singapore’s Foreign Minister over issues like tourism and infrastructure development

The Telangana government and the Singapore Institute of Technical Education (ITE) signed an agreement to work together on skill development and support efforts to set up the Young India Skill University. The deal was signed during Telangana Chief Minister Revanth Reddy’s visit to Singapore.

The agreement was signed by the Skill University vice chancellor, VLVSS Subbarao and the Singapore ITE delegation led by Parvender Singh, Deputy Director of Academic and Administration Services. Fabian Chiang, Deputy Director of IT Education Services, ITE, was also present.

On the first day of his visit, Reddy and his delegation went to the ITE, where they enquired about the skill development courses offered by the institute and the facilities provided on the campus. The delegation also spoke to the experts from about 20 sectors and college staff of the institution.

The Chief Minister and his team held discussions with the top officials of ITE and requested support for the prestigious Young India Skill University in Hyderabad’s Fourth City.

During the meeting, state minister Sridhar Babu briefed the ITE management about the skill development courses offered by the Young India Skill University to meet the growing market demand for a skilled workforce and provide employment to the youth in different sectors.

The minister also proposed exchanging skills development training modules with mutual cooperation. The ITE delegation responded positively and came forward to work together with the Young India Skill University. Following the meeting, the ITE and Skill University officials signed an MoU to collaborate in skill development.

An ITE delegation is expected to visit Hyderabad soon.

REVANTH REDDY MEETS SINGAPOREAN FOREIGN MINISTER

Earlier, Reddy met Singapore’s foreign minister, Vivian Balakrishnan. Both held extensive discussions on infrastructure development, rejuvenation of rivers, water resource management, green energy, tourism, education, skill development and development of IT parks.

The Chief Minister focused on long-term partnerships in various sectors along with extensive cooperation between Telangana and Singapore.

Following the three-day visit to Singapore, Reddy’s team will attend the World Economic Forum in Davos, Switzerland, from January 20-24.

Mulam Santha-2024

On Monday, 23rd December 2024, from 10 AM to 7 PM, the Mulam Santha will be held at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad. This local fair will showcase traditional crafts and regional food, offering a vibrant celebration of culture and heritage.

For more details: Seva Mala – 2024

A tribute to former CM Rosaiah on third death anniversary

Telangana Chief Minister Revanth Reddy honored the memory of former Chief Minister K Rosaiah on his third death anniversary, praising his discipline, statesmanship, and extensive public service spanning over five decades.

Speaking at a commemorative event at Hyderabad International Convention Centre (HICC), Madhapur, Reddy highlighted Rosaiah’s exceptional contributions, particularly as the Finance Minister of undivided Andhra Pradesh, where his fiscal management left Telangana with a surplus budget of ₹16,000 crore at its formation.

On the third death anniversary of former Chief Minister K. Rosaiah, we remember a leader whose unparalleled dedication and statesmanship left an indelible mark on both Andhra Pradesh and Telangana. Rosaiah’s legacy is one of wisdom, integrity, and selfless service to the people, earning him respect across political lines and enduring admiration in both Telugu states.

Rosaiah served in various crucial roles, including Finance Minister, Chief Minister, and Governor, throughout a remarkable political career that spanned over five decades. His tenure as Finance Minister of undivided Andhra Pradesh was particularly noteworthy for his fiscal prudence, leaving the state in a position of financial stability. At the time of Telangana’s formation, Rosaiah’s leadership had ensured that the state inherited a surplus budget of ₹16,000 crore, which contributed to laying the foundation for its prosperous future.

As the Chief Minister of Andhra Pradesh, Rosaiah exhibited an unflinching commitment to public service and governance. Despite never aspiring for the top position, he was entrusted with the role during a critical phase, which he handled with dignity and resolve. Rosaiah’s calm and composed demeanor earned him the respect of his colleagues and opponents alike. His tenure as Governor of Tamil Nadu was marked by exemplary service, devoid of controversy, something rare for a leader in such a high office.

Beyond his administrative achievements, Rosaiah was a mentor to many, known for his guidance and encouragement. His dedication to uplifting others, particularly in the political arena, was a testament to his belief in the power of education and knowledge. He believed in the importance of debate, discourse, and constructive criticism within democratic systems, always striving to uphold the dignity of the legislative body.

Rosaiah’s humility, integrity, and unwavering commitment to his principles were a beacon of inspiration to all who worked with him. His political acumen, steady hand in governance, and ability to navigate the complexities of statecraft are qualities that continue to inspire future generations.

As we remember K. Rosaiah, we honor not only his service but also the values he embodied—a leader who never sought power for its own sake but instead used it to serve the people with honor and dedication. His legacy remains a guiding light for the people of Telangana and beyond, a true statesman whose contributions will never be forgotten.

Hyderabad: 3,000 Secure Jobs on Spot at Swadeshi Mela

Hyderabad: 3,000 Secure Jobs on Spot at Swadeshi Mela

Hello Hyderabad: The Swadeshi Mela, jointly organised by Swadeshi Jagaran Manch and Swavalambi Bharat Abhiyan, was inaugurated on Wednesday at People’s Plaza in Hyderabad. The event also hosted the Swadeshi Job Mela which will run until October 27.

The ceremony began with Governor Jishnu Dev Varma cutting the ribbon to officially open the event. Addressing the gathering, Governor Varma shared his thoughts on Swadeshi, calling it more than an economic policy but a guiding principle for India’s journey towards self-reliance. “Swadeshi has a deep connection with India’s identity, and the nation’s progress, from the freedom movement to the present-day goal of Atmanirbhar Bharat (self-reliant India),” the Governor said. He also admired the organizers for their efforts to promote local artisans, producers and businesses through events like Swadeshi Mela.

C. A. R. Sundaram, national convener of Swadeshi Jagaran Manch, echoed the Governor’s sentiments, noting that the “Vocal for Local” initiative has turned Swadeshi into a national movement. He noted how such platforms allow people to appreciate the beauty of local goods and foster economic growth across states. Sundaram pointed out that the Manch continues to advise the government on policies that affect Indian entrepreneurs globally.

The fair hosts 334 stalls representing states like Kashmir, Rajasthan, Tamil Nadu and Karnataka, and with food stalls included, the total count exceeds 400. The offerings range from Khadi India products to tribes India by the ministry of tribal affairs. From cotton blouses from Bengal to traditional wooden Etikoppaka and Kondapalli toys.

Also present were individuals like Yashwitha Reddy who had an impressive collection of sarees featuring hand-painted artworks and woven designs. “I work on these with my mother-in-law who has been doing this for 30 years. I only began helping her last year,” she shared. Her stall also featured children’s clothes, dupattas and kurtas with similar handcrafted artistry. The sarees, adorned with intricate Madhubani-inspired paintings stood out.

The Swadeshi Job Mela attracted over 16,572 candidates, with 3,000 having secured jobs on the spot. Governor Varma personally distributed offer letters to successful candidates while another 4,500 advanced to the next round of interviews. The jobs were offered by 142 companies, including Cognizant, Tech Mahindra and Genpact with salary packages ranging from Rs 2.5 lakh to Rs 5 lakh per annum. Among the dignitaries present were Harish Babu, state convener of Swadeshi Jagaran Manch Telangana, Madhuram Reddy, chairman of Gangothri Developers and G. Ramesh Goud, state convener of Swavalambi Bharat Abhiyan.

Source : DC

Overage vehicles may soon be banned in Hyderabad and other Telangana districts.

Overage vehicles may soon be banned in Hyderabad and other Telangana districts.

The decision is likely to be implemented starting January 1, 2025.

Hyderabad: The Telangana government is set to ban overage vehicles from plying on the roads of Hyderabad and other districts of the state.

The decision is likely to be implemented starting January 1, 2025.

15 years or older vehicles

A vehicle is considered overage if it is 15 years or older.

According to a report published in TOI, such vehicles must be scrapped. The owner will face penalties if such vehicles are found on the road.

However, overage vehicles that pass the fitness test will be allowed on the roads for another 3–5 years upon payment of a green tax.

This exemption does not apply to 10,000 government vehicles.

17 lakh overage vehicles in Hyderabad

As per the report, there are 17 lakh motorcycles, 3.5 lakh cars, 1 lakh goods vehicles, and 20,000 auto rickshaws that are overage.

These vehicles may need to be scrapped, as the Regional Transport Authority has submitted a draft of the vehicle scrappage policy to the government for approval.

clay ganesha

Clay Ganesha

  1. Environmental concerns: PoP idols take years to dissolve in water and harm aquatic life. Clay idols, on the other hand, are biodegradable and dissolve quickly.
  2. Water pollution: Immersion of PoP idols in water bodies leads to increased acidity and heavy metal content, harming aquatic life.
  3. Promoting sustainability: Clay Ganesha awareness encourages the use of natural, eco-friendly materials, reducing waste and pollution.
  4. Preserving traditional craftsmanship: Clay idol-making supports local artisans and preserves traditional craftsmanship.
  5. Raising awareness: Initiatives and campaigns educate people about the environmental impact of their choices and promote a shift towards eco-friendly practices.

By choosing clay Ganesha idols, we can celebrate the festival in a more sustainable and environmentally conscious way!

Microsoft buys land in Hyderabad for Rs 267 cr to build data centre

Microsoft buys land in Hyderabad for Rs 267 cr to build data centre

Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore.

The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm.

“Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometers from the main city of Hyderabad, and the company paid a premium on the land,” said a person aware of the deal.

Microsoft’s Hyderabad data centre region is an addition to its existing network of three regions in India – Pune, Mumbai, and Chennai – which have been operational for the past five years.

“Microsoft had also acquired two more land parcels in Hyderabad for the data centre business,” he said.

In a response to an query, Microsft said “We have no information to share at this time.”

Microsoft currently operates an India Development Centre (IDC) out of Hyderabad spread over 54-acre apart from Bengaluru and Noida. The IDC has played a pivotal role in the development and progression of Microsoft’s technological offerings, such as Azure, Windows, Office, and Bing.

Separately, over the past two years, the organisation has been increasing its presence in the flexible office space segment throughout the country.

Market leadership stays with PSUs; stay invested as the best is yet to come: Ramesh Damani

Market leadership stays with PSUs; stay invested as the best is yet to come: Ramesh Damani

Ramesh Damani, Member of BSE, believes that the best time to invest in India is today, as the country is experiencing growth and development. He has always identified mega trends, such as cement shares and liberalization trends, and has been able to spot leadership in these bull markets.

The middle class, which started in England in the 18th-19th century, is shaping the world today, with 4 to 5 billion people in India. This middle class is defined as having a PPP purchasing power parity of about $12 per day, significantly above the poverty level of $2 a day. As India’s per capita has gone over $2,500, the middle class is demanding action on issues such as climate change, travel, education, and living standards.

There is much to be right in the market, with a significant fall in the last few days and the addition of 13 crore demat accounts in India. However, there is also a lesson to understand the difference between risk and volatility in the market. Risk is the choice of permanent loss of capital, while volatility is what happened yesterday and what will happen the day before yesterday.

The next 2,000 points on the Sensex can be up and down, but Damani believes that the next 20,000 points will be higher due to the unfolding demographics, digitization, and democracy taking root in India. There is a lot to be thankful for and looking forward to being optimistic over the next few years rather than being pessimistic.

Damani is fully invested in the market, with a focus on public sector stocks and the Modi government’s efforts to turn around the public sector. The debate over privatizing PSUs or unlocking value has receded, and companies should be well managed.