Attend Regional Convention of Overseas Indians, Los Angeles November 2015

Persons of Indian origin and Indo-philes alike are welcome to attend the 2015 Regional Pravasi Bharatiya Divas  (Overseas Indians) Convention hosted in Los Angeles for the very first time.

Sushma  Swaraj,  India’s External Affairs Minister who also runs the Ministry of Overseas Indian Affairs inaugurates the Convention at 6:00 PM on Saturday evening, November 14 at the Westin Bonaventure Hotel followed by dinner.  Discussions resume next morning, Sunday from 9 am until 5 PM.

Sushma Swaraj & John Kerry , September 2015

Sushma Swaraj & John Kerry , September 2015

Register for just $50 per person or $75 per couple.  Here is the registration link http://www.rpbdla.org/registration

“RPBD Los Angeles 2015”  is subtitled  “The Indian Diaspora: Defining a New Paradigm in India-US Relationship”, capturing the ethos of ongoing US-India relationship and the role played by the Indian diaspora. Amritt’s Gunjan Bagla will moderate one of the sessions.

Morning Discussion on

  • Smart Cities
  • Skill Development
  • Infrastructure Development
  • Waste Management
  • Swachh Bharat (Clean India)
  • Renewable Energy
  • Digital India
  • Cleaning the Ganges River

Lunch at 1 PM

Afternoon discussions on

  • Innovation & Entrepreneurship
  • Education, Skills & Vocational Training
  • Manufacturing

Other details are avaialble at http://www.rpbdla.org/

Note that the OIFC Business Meeting on Saturday, November 14 requires separate registration and is free.

 

November 7, 2015   No Comments

Boston Scientific’s BRIC Sales Rise by 18 Percent

Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based  medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 — an 18% increase from the same period in 2013.

Mass Device reports that Boston Scientific is looking double its emerging markets presence over the next 2 years as it seeks to catch up with larger competitors; therefore expanding its presence in emerging markets is one of five strategic imperatives Mahoney said the company is putting forward in 2015 and beyond.

May 1, 2015   No Comments

Level of Stress in 74 Countries Ranked, India is #14

Bloomberg has ranked the incidence of stress in the lives of people in 74 countries of the world. Seven equally weighted variables were considered in the rankings: annual homicide rates, GDP per capita on a purchasing-power-parity basis, income inequality, corruption perception, unemployment, urban air pollution, and life expectancy.

Life is most stressful in Nigeria which was ranked #1, Pakistan was at #7, India at #14, China at #29 and the U.S. at #54. The least stressed country was Norway at #74.  Only countries with data available for all seven variables were included. Find your country in the graphic below:

Stress Rankings of Countries

Stress Rankings of Countries

January 26, 2015   No Comments

India’s Fast Breeder Nuclear Reactor to Go “Critical” in 2015

 India’s 500 MWe  Prototype Fast Breeder Reactor (PFBR) at Kalapakkam in Tamil Nadu missed its September 2014 deadline for first criticality, and will be commissioned in 2015 reported Jitendra Singh, minister of state for space and atomic energy.

Erection of all major components of the reactor has been completed. Commissioning of auxiliary systems such as the safety service water systems, emergency service water systems, ventilation, electrical and gas systems have been completed. The next stage in commissioning is preheating and filling of sodium into the secondary and primary systems. The project achieved an overall physical progress of 98% at the end of June 2014.

“Being the first of its kind reactor being built completely indigenously in our country, some delays on account of the requirement of rigorous testing and qualification of all major equipment and sub-systems are anticipated,” said Singh.

The PFBR is a sodium-cooled pool-type fast reactor. It is the first unit of the second stage of India’s original three-stage program of nuclear development. The first step was natural uranium-fueled  Pressurized Heavy Water Reactors and the third step envisages thorium-based advanced heavy water reactors. India has one of the world’s largest reserves of thorium and is keen to exploit the mineral for clean energy production.

November 18, 2014   No Comments

Capitalizing on the Indian Online Market

“500 million people will be coming online over the next three to four years on inexpensive smartphones,” said Vivek Wadhwa, an Indian-American academic and entrepreneur. “This will create an Internet revolution that will make our (American) dot-com boom seem lame.” These soon-to-be connected consumers are also young — making them an ideal e-commerce target.

By 2050, India is expected to be the most populated country with the largest economy, according to Pew. Half of its 1.25 billion residents are currently under the age of 25 — and by 2020, India is set to become the world’s youngest country with an average age of 29.

Microsoft has tuned into this. This month, the company announced plans to bring free Internet access to India with three data centers throughout the country. CEO Satya Nadella said the company sees a large  opportunity in the Indian market. According to Sharad Sharma, an angel investor based in Bangalore, the majority of India’s startup talent is coming from the country’s multinational R&D centers such as  Google, HP and Cisco. As cloud-based solutions have grown, the need for these IT hubs has slowed. This has many Indian entrepreneurs leaving the corporate world and launching startups. Venture capital funding to Indian startups is up 261% from 2013, totaling $3.86 billion to date, according to PrivCo which trackes private company financial intelligence based from New York.

“Employees are starting to feel stagnation as parent companies slow down,” said Sharma. “Essentially, these employees are going from building global software products for [corporations] to building them for their own startups.”

 

 

November 17, 2014   No Comments