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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

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.