INTERNATIONAL: INDIAN WOMEN: Four Indian-origin Biz Leaders on 2023 Forbes’ 100 Richest Self-Made Women List

Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have made it to Forbes’ list of America’s 100 most successful self-made women.

Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have made it to the Forbes list of America’s 100 most successful self-made women, with a combined net worth of a whopping USD 4.06 billion. Building supply distributor Diane Hendricks, with a $15 billion net worth, retained the top spot for the sixth year in a row. This year’s list has eight entrants, including television producer Shonda Rhimes and Insitro CEO Daphne Koller.

“Bolstered in part by a rebound in the stock market, they are cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago,” Forbes said last month at the release of its ninth annual list.

Jayshree Ullal

Jayshree Ullal, president and CEO of computer networking firm Arista Networks, ranked 15th on the list, the highest among Indian-origin business leaders. Arista Networks, a publicly-traded company, recorded revenue of nearly $4.4 billion in 2022. Ullal, 62, owns about 2.4% of Arista’s stock, some of which is earmarked for her two children, niece and nephew, according to Forbes. She is also on the board of directors of Snowflake, a cloud computing company that went public in September 2020. She studied electrical engineering at San Francisco State University and engineering management at Santa Clara University.

Neerja Sethi

Neerja Sethi, with a net worth of USD 990 million, has been ranked 25th on the list. Sethi, 68, along with her husband Bharat Desai, co-founded IT consulting and outsourcing firm Syntel in 1980. French IT firm Atos SE for $3.4 billion in October 2018 bought Syntel in 2018 and Sethi got an estimated $510 million for her stake.

She did her Bachelor of Arts/Science and Master of Business Administration from Delhi University and Master of Science from Oakland University. Sethi met her husband, Desai, in the US while working for the pioneering IT firm Tata Consultancy Services (TCS), and attempted to emulate it. They started the business with an initial investment of just $2,000.

Neha Narkhede

Narkehe, co-founder and former chief technology officer (CTO) of cloud company Confluent, is ranked 50th on the list with a net worth of USD 520 million. The 38-year-old software engineer-turned-entrepreneur helped develop the open-source messaging system Apache Kafka to help develop LinkedIn’s massive influx of data. In 2014, she and two LinkedIn colleagues left to found Confluent, which helps organisations process large amounts of data on Apache Kafka.

The USD 586 million (2022 revenues) company went public in June 2021 at a USD 9.1 billion valuation; Narkhede owns around 6 per cent, Forbes said. In March 2023, Narkhede announced her new company, fraud detection firm Oscilar, where she is co-founder and CEO.

Indira Nooyi

Nooyi, the former chair and CEO of PepsiCo, retired in 2019 after 24 years with the company, half of which she spent in the top job. The 67-year-old has a net worth of USD 350 million and is ranked 77th on the Forbes list. Her fortune stems from stock she was granted while working at PepsiCo.

Nooyi, who grew up in India, received an MBA from Yale before becoming one of corporate America’s few female CEOs in 2006.

source/content: hindustantimes.com (headline edited)

GLOBAL: BUSINESS & ECONOMY: INVESTING DESTINATION: India Pips China as Most Attractive Emerging Market for Investing: Invesco Global report

As per the report, India is a better story now in terms of business and political stability.

India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said on Monday.

The Invesco Global Sovereign Asset Management report has captured the views of 142 chief investment officers, heads of asset classes, and senior portfolio strategists from 85 sovereign wealth funds and 57 central banks. Collectively, these institutions manage about $21 trillion in assets.

As per the report, India is a better story now in terms of business and political stability. In addition, fast-growing demographics, good regulation initiatives, and a very friendly environment for sovereign investors are the positives for the country.

“India has now overtaken China as the most attractive emerging market for investing in emerging market debt,” the report stated.

The report noted that India is among a number of countries, including Mexico and Brazil, that are benefitting from increased foreign corporate investment aimed at both domestic and international demand. This was seen as helping fund current account deficits as well as support currencies and domestic assets including debt.

In addition, India and South Korea continue to be the most attractive destinations for increasing exposure, the report noted. Going by the report, emerging markets offer a range of attractive investment opportunities in both public and private markets.

The report found inflation as the most significant short-term risk to global economic growth. This was followed by rising geopolitical risk, tight monetary policy, supply chain disruptions and impact of climate change on environment as other risks.

Central banks looking to combat yield volatility and inflation risk see gold as a safe-haven asset. This spurred record gold purchases in 2022, a trend prevailing into the first quarter of 2023, it added.

source/content: thehindu.com (headline edited)

INTERNATIONAL & INDIA : SPACE TECHNOLOGY: 4th edition ‘G20 Space Economy Leaders’ Meeting (SELM) in Bengaluru: ‘Space technology has entered every household in one way or the other’

G20 Space Economy Leaders’ Meeting begins in Bengaluru.

The 4th edition of G20 Space Economy Leaders’ Meeting (SELM) commenced in Bengaluru on Thursday July 6.

This is the first face-to-face meeting under the G20 umbrella, with the previous meetings organised in virtual and hybrid formats. Heads of national space agencies from 18 of the G20 countries and nine of the 11 invited members are participating in the two-day meet whose theme is ‘Towards a New Space ERA (Economy, Responsibility, Alliance)’.

Senior representatives from 32 global industries, and 53 local industries, are also participating in the meet.

During the inauguration, Dr. Jitendra Singh, Minister of State, PMO; MoES; S&T; Ministry of Personnel, Public Grievance & Pensions; Dep. Of Space; Dept. of Atomic Energy, said that this gathering (G20 countries along with partner countries) represents nearly two-thirds of the world’s population, the best brains across the world in the space sector, 85% of the global GDP, and 75% of the world trade.

“You are not only spearheaders, torchbearers but also opinion-makers, and I am glad that India is in a position to share its inputs with other member countries as well. The new chapter of public-private participation is going to make it a value for all of us to learn the virtues of an integrated approach. An era of partnership is in the offing. Our concerns are common and our efforts have to be common. Therefore, the time has come to carry forward the collaboration to discover wider horizons in the times to come,” Dr Singh said.

“I hardly need to reiterate the importance that space technology has gained of late across the world. Rather, I would put it in a single sentence saying that space technology has virtually entered every household in one way or the other.”

He added that every aspect of human life, be it disaster management, agriculture, education, health, navigation, defence, is connected to space technology.

G20 Sherpa, Amitabh Kant, said the space economy is experiencing rapid growth with increasing revenues and more commercial actors entering the industry. “Studies project that space could become a trillion dollar sector in the coming decades. This exponential growth necessitates support from governments worldwide. That is why, we are discussing space as a formal element in the G20,” Mr Kanth said.

Round-table meetings for the heads of space agencies, panel discussions, bilateral meetings and a plenary session are a part of the first day of the event.

source/content: thehindu.com (headline edited)

GLOBAL: SPACE & SPACE TECHS : The New York Times says India’s Space Programme set to ‘Transform Planet’s Connection to Final Frontier’

The article titled ‘The Surprising Striver in the World’s Space Business’ notes that India has become home to at least 140 registered space-tech start-ups.

Lauding India’s ambitious space programme, The New York Times has said the country, currently witnessing an “explosive” growth in space-tech start-ups, is set to “transform the planet’s connection to the final frontier” and can emerge as a “counterweight” to China.

“When it launched its first rocket in 1963, India was a poor country pursuing the world’s most cutting-edge technology. That projectile, its nose cone wheeled to the launchpad by a bicycle, put a small payload 124 miles above the Earth. India was barely pretending to keep up with the US and the Soviet Union. In today’s space race, India has found much surer footing,” the leading US newspaper said.

The article titled ‘The Surprising Striver in the World’s Space Business’ notes that India has become home to at least 140 registered space-tech start-ups, “comprising a local research field that stands to transform the planet’s connection to the final frontier.” “The start-ups’ growth has been explosive, leaping from five when the pandemic started. And they see a big market to serve,” the paper said.

Underscoring that India’s “importance as a scientific power” is taking centre stage, the NYT report referred to Prime Minister Narendra Modi’s State Visit to Washington last month at the invitation of President Joe Biden and the joint statement issued by the two sides said that said the two leaders “set a course to reach new frontiers across all sectors of space cooperation.” In the joint statement, “the leaders called for enhanced commercial collaboration between the US and Indian private sectors in the entire value chain of the space economy and to address export controls and facilitate technology transfer.” The NYT report added that both the US and India “see space as an arena in which India can emerge as a counterweight to their mutual rival: China.” “One of India’s advantages is geopolitical,” the paper said as it added that Russia and China had historically offered lower-cost options for launches.

“But the war in Ukraine has all but ended Russia’s role as a competitor,” it said as it cited the USD 230 million hit British satellite start-up OneWeb took after Russia impounded 36 of its spacecraft in September. OneWeb’s next constellation of satellites was sent into orbit by India’s Indian Space Research Organisation (ISRO).

“Likewise, the US government would be more likely to approve any American company’s sending military-grade technology through India than through China,” the NYT said.

It added that “Since June 2020, when Mr Modi announced a push for the space sector, opening it up to all kinds of private enterprise, India has launched a network of businesses, each driven by original research and homegrown talent. Last year, the space start-ups raked in USD 120 million in new investment, at a rate that is doubling or tripling annually.” The NYT report mentions Hyderabad-based Skyroot Aerospace and aerospace manufacturer Dhruva Space.

“Skyroot and Dhruva work in the relatively sexy sectors of launch and satellite delivery, but together those account for only 8 per cent of India’s space business pie.

“A much bigger slice comes from companies that specialise in collecting data beamed by satellite,” the report said and cited the example of Bengaluru-headquartered start-up Pixxel, co-founded by Awais Ahmed and Kshitij Khandelwal and which has a “contract with a secretive agency within the Pentagon.” Pixxel has developed an imaging system to detect patterns on the Earth’s surface that lie outside the range of ordinary colour vision.

Describing India as a “thriving centre of innovation” and “one of the most competitive launch sites in the world”, the NYT article said space-tech start-ups are one of India’s “most sought-after sectors” for venture capital investors and their growth “has been explosive, leaping from five when the pandemic started.” Terming India’s vendor ecosystem as “staggering in size”, the NYT said years of conducting business with ISRO has created “about 400 private companies in clusters around Bengaluru, Hyderabad, Pune and elsewhere, each devoted to building special screws, sealants and other products fit for space.” India has an abundance of affordable engineers, but their smaller salaries alone cannot beat the competition. That leaves an Indian company like Skyroot concentrating on more specialised services, the newspaper said.

Pawan Kumar Chandana, 32, Co-Founder and CEO, Skyroot Aerospace, anticipates a global need for 30,000 satellites to be launched this decade.

“We are more like a cab,” said Chandana, whose company charges higher rates for smaller-payload launches, while Elon Musk-owned SpaceX “is more like a bus or a train, where they take all their passengers and put them in one destination.” Dhruva Space, which deploys satellites, was India’s first space start-up. In any given month, Kranthi Chand, its head of strategy, is hardly in Hyderabad, as he spends about one week in Europe and another in the US, rounding up clients and investors, the article said.

In May, Dhruva Space announced the successful test and Space-qualification of its 3U and 6U Satellite Orbital Deployers and Orbital Link onboard ISRO’S PSLV-C55 mission.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

source/content: telegraphindia.com (headline edited)

INTERNATIONAL: SPORTS / ATHLETICS / DISCUS: Silver for Seema Punia in 33rd Qosanov Memorial Athletics, Kazakhstan, Achieves AFI’s Asiad qualification mark

Discus thrower Seema Punia opened her international season with a season-best 57.35m for a silver medal at the 33rd Qosanov memorial athletics meet in Almaty, Kazakhstan, on Saturday.

That saw the 2014 Asian Games gold medallist, who will be 40 later this month, achieve the Athletics Federation of India’s qualification mark (57m) for this September’s Asian Games in China.

Thailand’s Subenrat Insaeng, a bronze medallist at the 2019 Asian Championship in Doha, took the gold with 59.57m.

Iran’s Farzaneh Fasihi surprised Kazakhstan’s Asian champion Olga Safronova and emerged the meet’s fastest woman, winning the 100m in a personal best 11.41s.

source/content: thehindu.com (headline edited)

INTERNATIONAL: SPORTS/ ATHLETICS / JAVELIN: Neeraj Chopra Wins for 02nd Consecutive Time the ‘Diamond League’ Title in Lausanne, Switzerland 

Chopra who started with a foul, had to wait till his fifth throw to lead the field with a distance of 87.66m.

Olympic champion Neeraj Chopra clinched the prestigious Diamond League title for the second consecutive time by throwing his spear to 87.66m on Friday.

But the coveted 90m mark eluded the star Indian javelin thrower yet again.

Coming back from a one-month injury lay-off, Chopra’s title-winning performance at the Lausanne leg in challenging conditions was below his own top-10 efforts but he still stamped his authority in the prestigious One-day meet.

The 25-year-old Chopra, who had skipped three top events due to a muscle strain he sustained last month, had won the season-opening Diamond League in Doha on May 5 with his fourth career-best throw of 88.67m.

“I was feeling a bit nervous coming back from an injury. It was a bit cold here tonight. I am still far from my best, but I feel it is getting better,” Chopra said after his win.

It was a cloudy day with the temperature during the men’s javelin throw event recording 17 degree Celsius and humidity at 78 per cent.

“I am relieved it is coming together well for me. A win is a win and I will take that happily.”

Chopra began with a foul and then had 83.52m and 85.04m throws.

He had another foul in the fourth round before coming up with his title-winning throw of 87.66m next.

His sixth and last throw was 84.15m.

Prime Minister Narendra Modi was among the first to congratulate the champion athlete on his latest achievement.

“Congratulations to @Neeraj_chopra1 for shining at the Lausanne Diamond League. Thanks to his extraordinary performances, he has finished at the top of the table. His talent, dedication and relentless pursuit of excellence is commendable,” PM Modi tweeted.

Germany’s Julian Weber was second with a best throw of 87.03m, while Tokyo Olympics silver medallist and season-leader Jakub Vadlejch (SB: 89.51m) of the Czech Republic was third with an 86.13m effort.

Reigning world champion Anderson Peters of Grenada, who has been struggling for form, was fifth with a best throw of 82.23m.

Chopra had won the Lausanne leg in August last year also for his maiden Diamond League title.

A month later, he became the first Indian Diamond League champion after winning the 2022 grand finale in Zurich.

The Indian superstar, who has a personal best of 89.94m, cemented his top spot in the Diamond League standings with 16 points, followed by Vadlejch (13 points) and Weber (12 points).

Following the Lausanne event, men’s javelin throw will also be a part of the roster in the Monaco and Zurich legs on July 21 and August 31 respectively before the Diamond League grand finale in Eugene, USA, on September 16-17.

On May 29, Chopra issued a statement, informing about his injury.

He pulled out of the FBK Games on June 4 at Hengelo (the Netherlands), Paavo Nurmi Games in Turku, Finland on June 13 and Ostrava Golden Spike meet in the Czech Republic on June 27.

All three meets were World Athletics Continental Tour gold events.

But he did not miss any Diamond League competition as the subsequent legs in Rabat, Rome, Paris and Oslo did not have men’s javelin events on the roster.

In the men’s long jump, India’s Murali Sreeshankar finished fifth with a below-par jump of 7.

88m which he achieved in the third round.

The 24-year-old Sreeshankar, who had clinched the third spot in the Paris leg on June 9 for his maiden Diamond League podium finish, had produced a career-best 8.

41m during the National Inter-State Championships in Bhubaneswar earlier this month.

LaQuan Nairn of Bahamas, who beat Sreeshankar for the gold in the 2022 Birmingham Commonwealth Games, took the top spot with a third-round jump of 8.11m.

Olympic champion Miltiadis Tentoglou of Greece was second with an 8.07m effort while Yuki Hashioka of Japan was third with a jump of 7.98m.

source/content: newindianexpress.com (headline edited)

GLOBAL: INDIANS ACROSS THE WORLD: Canada’s First Turbaned Sikh Police Officer Baltej Singh Dhillon Appointed Chair of WorkSafeBC’s Board of Directors

Baltej Singh Dhillon had a distinguished career as a police officer for more than three decades, working in critical investigations, including the 1985 Kanishka Air India bombing task force.

Baltej Singh Dhillon, a veteran Canadian Sikh police officer who was a part of the team that probed the 1985 Kanishka Air India terror attack, has become the first South Asian chair of an agency that promotes safe and healthy workplaces in British Columbia province.

Dhillon, the country’s first Royal Canadian Mounted Police (RCMP) officer to wear a turban as part of the uniform, was appointed to chair the WorkSafeBC’s board of directors for a three-year term, effective June 30, the British Columbia government has announced.

WorkSafeBC is a provincial agency promoting safe and healthy workplaces across British Columbia, a province of Canada, and Dhillon has been a member of its board of directors since 2017.

A recipient of Queen Elizabeth II Golden and Diamond Jubilee medals for community service, the veteran officer “made history by being the first RCMP member to wear a turban as part of the uniform,” an official release said on Friday.

Dhillon had a distinguished career as a police officer for more than three decades, working in intelligence, special enforcement, protective services, and critical investigations, including the 1985 Kanishka Air India bombing task force.

On June 23, 1985, a bomb exploded on Air India Flight 182 en route from Toronto to London and then to its final destination Bombay, England killing all 329 people aboard, most of them Canadians.

To this day, the Air India bombing is still the worst terrorist attack in Canadian history blamed on pro-Khalistan elements.

“Baltej was a veteran police officer who brings expertise in law enforcement and six years of experience as a director at WorkSafeBC. He will be committed to WorkSafeBC’s role in investigating serious workplace incidents to prevent similar incidents from happening again,” said Harry Bains, Minister of Labour.

Dhillon takes over the role from Jeff Parr, who served as Board chair from August 2020 to June 2023.

“We look forward to working with him in this new role, alongside our Board members and our stakeholders, to help achieve our vision of a province free from workplace injury or illness,” Anne Naser, president and CEO of WorkSafeBC, said in a statement.

“I look forward to taking on the role as chair of WorkSafeBC’s board of directors,” Dhillon was quoted as saying in the press release.

“I am committed to working with our key stakeholders to improve workplace health and safety and help ensure that workers get home safely at the end of the day. I am excited to begin working as chair with my fellow board members and WorkSafeBC staff to continue making progress in improving the workers’ compensation system to meet the needs of workers, employers and others throughout the province,” he said.

According to WorkSafeBC’s website, the agency serves more than 2.6 million workers and close to 270,000 registered employers in BC and partners with workers and employers to save lives and prevent work-related injury, disease, and disability.

source/content: newindianexpress.com (headline edited)

GLOBAL: India Emerging as Major Power in Middle East: US magazine

Gulf, UAE and Saudi Arabia were aggressively seeking ways to expand relations with India.

India is emerging as a “major power” in the Middle East, and it is time to take New Delhi’s projection of power in the region seriously, read an article in Foreign Policy, a US-based magazine on global affairs.

The author, Steven A Cook, cited one of his previous visits to India after which he said he was sceptical about a future Indian role in the Middle East.

“India and Middle Eastern countries were already intertwined in various ways, of course. There were budding military and technology ties between India and Israel. One could not travel in the Persian Gulf region without noticing that guest workers from the Indian state of Kerala provided the labour that made many of the Gulf countries run. India also imported a lot of oil from the Middle East. Yet after my conversations with officials, diplomats, generals, and analysts, it struck me that Indians did not want to play a larger role in the Middle East,” he wrote in the piece.

However, he said he believed that things have changed now and India was emerging as a major player in the Middle East.

“In the 10 years since my trip, however, things have changed. While US officials and analysts are obsessed with every diplomatic move Beijing makes and eye Chinese investment in the Middle East with suspicion, Washington is overlooking one of the most interesting geopolitical developments in the region in years: the emergence of India as a major player in the Middle East,” Cook stated.

He added that India-Israel ties are, perhaps, the most well-developed when it comes to New Delhi’s relations in the region.

Although India recognised Israel in 1950, the two countries did not establish normal diplomatic ties until 1992. Since then, especially in recent years, they have deepened their ties. In 2017, Prime Minister Narendra Modi was the first Indian leader to visit Israel, which was followed by his Israeli counterpart travelling to India the following year.

“Beyond the pomp of these visits, India-Israel ties have rapidly developed in a variety of fields, notably high-tech and defence,” he said.

Citing Stockholm International Peace Research Institute, Cook stated that Israel was among India’s top three arms suppliers in 2021, and recent Indian news reports indicate that the two countries are exploring the coproduction of weapons systems.

Also in the past, India’s business community shied away from investing in Israel, given the country’s small market and controversial politics (to many in India), but that may be changing, he added.

“In 2022, the Adani Group and an Israeli partner won a tender for Haifa Port for 1.2 billion USD. There are also ongoing negotiations for an India-Israel Free Trade Agreement. Of course, the India-Israel relationship is complicated. India remains steadfast in its support for the Palestinians; has friendly ties with Iran, from which New Delhi has purchased significant amounts of oil; and Indian elites tend to see Israel through the prism of their country’s own colonial experience,” he added.

Cook further stated that the Gulf, the United Arab Emirates and Saudi Arabia were aggressively seeking ways to expand relations with India, which is a significant shift because both countries, but particularly the latter, have long aligned with Pakistan.

“The pivot to India stems in part from a common interest in containing Islamist extremism, but much of the pull is economic. The Emiratis and Saudis see opportunities in a country of 1.4 billion people that is less than a four-hour flight away. So far, the results are positive. In the first 11 months of the UAE-India Comprehensive Economic Partnership Agreement, which entered into force in May 2022, non-oil trade between the two countries reached 45 billion USD, which was an almost 7 per cent increase above the previous year,” Cook stated in his piece.

The ties between India and UAE propelled through I2U2–a grouping of Israel, India, the UAE, and the United States–which seeks to leverage the combined technological know-how and private capital to address alternative energy, agriculture, trade, infrastructure development, and more, he noted.

Saudi Arabia, which is India’s second-largest supplier of oil and gas, also wants to augment the energy relationship further by adding renewables into the mix.

“In April, the Indian new site Siasat.com reported that Riyadh and New Delhi were discussing a plan to link India’s energy grid to the kingdom (and the UAE) via undersea cables. It is unclear whether such an ambitious project will ever come to fruition, but those talks indicate that the Indian and Saudi governments are looking for ways to add to the existing 43 billion USD in trade between the two countries,” he stated in his piece in Foreign Policy.

Citing PM Modi’s recent state visit to Egypt, the author called it an episode in the ongoing Egyptian-Indian love fest, which came about six months after Egyptian President Abdel Fattah al-Sisi being the guest of honour at India’s 74th Republic Day celebration–his third visit to New Delhi since assuming power.

“Unlike with Israel, the UAE, and Saudi Arabia, trade between India and Egypt is relatively modest, worth about 6 billion USD. The Egyptian authorities, whose economic mismanagement has created a debt crisis and 30 per cent inflation, are seeking help from India. There is also talk of trade in rupees because the Egyptians are short of dollars,” the piece added.

However, Cook said Egypt’s multiple economic difficulties are not the only issues driving the burgeoning relationship, and India also regards Egypt as a gateway through which to send their goods to Africa and Europe.

“It is tempting for US policymakers and analysts to view India’s growing role in the region through the prism of great-power competition with China. At a level of abstraction, playing the “India card” seems like a wise move in the new great game,” he stated in his piece.

Citing the long enmity, border disputes, and even armed conflicts between India and China, the author said additional counterweight to Beijing in the Middle East would be helpful as the Biden administration shifts from de-emphasizing the region to regarding it as an area of opportunity to contain China.

“And Modi’s visit to Washington in late June was also a love fest, including a state dinner and address to a joint session of Congress,” he added.

However, the author stated that it is “unlikely” that New Delhi wants to be the strategic partner that Washington imagines, keeping in mind India’s closeness with Russia in the past, and even its recent stand during Russia’s war in Ukraine.

“New Delhi has condemned the Russian invasion but has not voted to condemn Moscow in the United Nations and is a prodigious procurer of Russian arms and oil,” he wrote.

He stated further that India diverges sharply from the US and Israel on Iran, adding that Washington should temper its expectations about what the expansion of India’s economic and security ties to the Middle East means.

“It is unlikely that India will line up with the United States, but it is also unlikely that New Delhi will undercut Washington as both Beijing and Moscow have done,” the author stated.

He added, “The evolution of India’s place in the Middle East reflects the changing international order and the willingness–perhaps even eagerness–of countries in the region to benefit from the new multipolarity”.

The author further stated that if the US’ Middle Eastern partners are looking for an alternative to Washington, it is better if New Delhi is among their choices.

“The United States may no longer be the undisputed big dog in the region, but as long as India expands its presence in the Middle East, neither Russia nor China can assume that role,” he added in the piece.

source/content: siasat.com (headline edited)

NATIONAL: HERITAGE / FLORA & FAUNA: India Adds 664 Animal Species to its Faunal Database in 2022, 339 Taxa to its Flora

In 2022, the maximum new discoveries of animals and plants were from Kerala.

India added 664 animal species to its faunal database in the year 2022. These comprise 467 new species and 197 new records [species found in India for the first time].

The country also added 339 new plant taxa – 186 taxa that are new to science and 153 taxa as new distributional records from the country in 2022. The details of new discoveries and new records were released by Union Minister for Environment, Forest and Climate Change Bhupender Yadav in Kolkata on July 1.

The faunal discoveries have been compiled in a publication by Zoological Survey of India (ZSI) titled Animal Discoveries – New Species and New Records 2023, whereas floral discoveries are contained in Plant Discoveries 2022 published by the Botanical Survey of India (BSI). 

Among the major fauna species discovered are three new species and one new record of mammals; two new records of birds; 30 new species and two new records of reptiles; six new species and one new record of amphibia; and 28 new species and eight new records of fish. The mammal species discovered include two species of bats – Miniopterus phillipsi, a long-fingered bat, and Glischropus meghalayanus, a bamboo-dwelling bat – both from Meghalaya. Sela macaque (Macaca selai), a new macaque species discovered in the western and central Arunachal Pradesh and named after the Sela Pass, is also among the highlights of Animal Discoveries 2022.

The new records include Macaca leucogenys, a white-cheeked macaque earlier found in Modog, southeastern Tibet, and sighted in India for the first time in 2022 in West Siang, Arunachal Pradesh. The list also includes Ficedula zanthopygia, the yellow-rumped flycatcher, earlier known from Mongolia, Transbaikal, southern China, Korea, western Japan, and found last year in Narcondam Island of the Andaman archipelago.

The maximum number of new faunal discoveries has been of invertebrates with 583 species, while vertebrates constitute 81 species. Insects dominate among invertebrates with 384 species, whereas fish dominated among vertebrates, followed by reptiles, amphibia, mammals and aves.

In 2022, the maximum new discoveries were recorded from Kerala. As many as 82 animal species new to science and 15 new records were from Kerala, which contributes to 14.6% of the new species and new records. Karnataka followed with 64 new species and 24 new records accounting for 13.2%. Tamil Nadu saw 71 new discoveries and 13 new records contributing to 12.6% of all the new discoveries and new records in the country. The Andaman and Nicobar Islands contributed to about 8.4% of the discoveries, whereas 7.6 % discoveries were from West Bengal and 5.7% from Arunachal Pradesh. With the new discoveries and new records, the fauna diversity of the country increased to 1,03,922.

Speaking at the launch of these publications, Mr. Yadav said that work done by the ZSI is critical to the faunal diversity of the country. “We must protect the diversity for our own sake,” he said. 

ZSI Director Dhriti Banerjee said the year 2022 witnessed the highest number of new discoveries in the last 10 years. 

‘Plant Discoveries 2022’ contains an enumeration of 339 taxa, which have been added to the Indian flora during 2022. These comprise 319 species, and 20 infraspecific taxa as new to the Indian flora. Of these, 186 taxa are new to science and 153 taxa are new distributional records from India. 

Among the new discoveries, 37% are of seed plants, 29% fungi, 16% lichen, 8% algae, 6% bryophytes, 3% microbes and remaining 1% pteridophytes. Seed plants contributed the maximum discoveries, of which dicotyledons contribute 73% and monocotyledons 27%. About 21% of the total discoveries were made from the western Himalayas followed by 16% from the Western Ghats. The Plant Discoveries 2022, include 125 angiosperms, one gymnosperm, five pteridophytes, 19 bryophytes, 55 lichens, 99 fungi, 27 algae and nine microbes..

A State-wise analysis of the plant taxa points out that maximum discoveries of 57 were made in Kerala, which alone accounts for 16.8% of all plant discoveries in the country in year 2022. The plant discoveries in 2022 include wild relatives of many potential horticultural, agricultural, medicinal, and ornamental plants such as begonia, impatiens (balsams), legumes, zingibers, orchids etc.

Among the new genus of plants discovered are Nandadevia Pusalkar, agenus common throughout the foothills and warm outer valleys of the Uttarakhand Himalayas, and Nilgiriella Pusalkar, endemic to the southern Western Ghats of India and distributed in Karnataka, Kerala and Tamil Nadu. Among the new records in orchid species, Calanthe lamellosa, earlier recorded in China and Myanmar, and found for the first time in India in the Japfu mountain range in Kohima, Nagaland.

source/content: thehindu.com (headline edited)

INTERNATIONAL: BUSINESS & ECONOMY / CHIP MAKING:US chip-maker Micron signs MoU worth ₹22,500 crore with Gujarat Government

Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and multinational manufacturing industries.

US chip-maker Micron Technology inked a pact with the Gujarat government for setting up a semiconductor manufacturing facility at Sanand worth $2.75 billion ( ₹22,500 crore approximately).

At the event in Gandhinagar, the company said that it will create 5,000 direct and 15,000 indirect jobs.

The semiconductor chips produced in Sanand will be used across India and exported globally. The first chip from this plant is expected within 18 months, it said.

Gujarat chief minister Bhupendra Patel and union minister for railways, communications, electronics and information technology, Ashwini Vaishnaw were present in the event.

The Gujarat government handed over the Offer Cum Allotment (OCA) letter to Micron for the allotment of 93 acres of area at Sanand Gujarat Industrial Development Corporation (GIDC) Estate.

Micron Technology will establish assembly and test facility, wherein it will focus on transforming wafers into ball grid array (BGA) integrated circuit packages, memory modules and solid-state drives.

This facility will further attract many more players from the entire semiconductor supply chain into Gujarat.

It will also inspire global semiconductor giants and MNCs to set up high-tech manufacturing in Gujarat.

The Gujarat government announced the “Gujarat Semiconductor Policy 2022-2027” in July last year, making it the first state in India to introduce a dedicated policy aimed at attracting investments in the chip manufacturing sector.

The MoU signing is a novel step towards PM Narendra Modi’s $10 billion Semicon India Program to create an Aatmanirbhar Bharat in global semiconductor supply chain manufacturing , the government said in a statement.

PM Modi had met Micron CEO Sanjay Mehrotra at his recently-concluded US visit.

source/content: hindustantimes.com (headline edited)