MAM
Kirin Crayons Organizes Industry Roundtable on Indo-China Bilateral Trade relations & the Impact of Coronavirus
MUMBAI: Kirin Crayons, the leaders in providing integrated marketing solutions for Chinese brands to prosper in India in association with the International Advertising Association organized a roundtable discussion ‘WE STAND WITH CHINA’. The aim was to bring to light the Impact of Coronavirus on Indo-China Bilateral Trade relations.
India & China history of Bilateral Trade & cooperation goes back a long way and has been steadily growing over the past decade. There has been a strong growth in the economic ties between the 2 countries with a lot of companies entering India & vice-versa. However, with the recent onset of the Coronavirus, there has been a significant effect on the socio-economic operations between the 2 countries.
Commenting on the same, Mr. Kunal Lalani, Co-Founder, Kirin Crayons & CMD of The Crayons Network, said “Kirin Crayon’s is India’s first and only Sino – Indian integrated marketing platform. Today there is an uneasy calm prevailing across businesses in India and China as close to 87 Billion Dollar worth of Bilateral Trade is at a potential risk. As we brace for the impact of Corona virus – We stand with the people, business and brands of China”
Post the introduction, Mr. Sukrit Singh, Co-Founder, Kirin Crayons spoke about the Indo-China Brand Story and its future. He also highlighted the need to stand in solidarity with China in its battle against Coronavirus.
Looking at the multitude of Chinese Brands in India, the discussion also focussed on the extent of impact due to Coronavirus on the Marketing & Advertising spends of the organizations. Mr. Sukrit Singh added “Chinese brands are intrinsic to our country’s fabric. Over 8000 executives (who had travelled for Chinese New Year) are stuck in China. This will have a domino effect not only on the brand and media industry but the economy at large”.
The discussion was also graced by Mr. Chang Peilin, Director, Press Section, Embassy of the People’s Republic of China, Mr. Wang Lei, Second Secretary, Economic and Commercial Section, Embassy of the People’s Republic of China & Mr. Zu Jian, Attaché, Press Section, Embassy of the People’s Republic of China.
Also present were experts on the topics like Mr. Harris Liu, Chef Representative of China Council for the Promotion of International Trade (CCPIT), Prof. Srikant Kodapally, Chairman of East Asian Studies at Jawaharlal Nehru University, Mr. Saqib, Chairman, India China Economic and Cultural Council & Mr. Alen Wang, Chairman, Chamber of Chinese Enterprise in India and Mr. Saibal Dasgupta, Author of Running with the Dragon,
In presence of delegates from the Chinese Embassy, the discussion focused on many topics like the Historical Significance of Indo-China Relations, the Growth in Bilateral Trade, the Impact of COVID-19 and the Resurrection post the current Coronavirus crisis, were discussed.
Mr. Vivek Zhang, Co-Founder, Kirin Crayons & the former CMO, Vivo India, also present at the roundtable spoke about the on-ground reality in China, Dispelling Misconceptions about Coronavirus and how the Government has taken control of the situation and is making efforts to normalize it.
Mr. Vivek Zhang said over videocall “This week most Chinese companies have re-started. The Leader of the National Health Commission has assured us the situation will be under full control by end of April.”
The most important session of the roundtable was at the end where Mr. Harris Liu, Chief Representative CCPIT spoke about the support extended by the Indian Government, the update on the current COVID-9 situation and the situation in the near future.
Mr. Alen Wang, Chairman, Chamber of Chinese Enterprises in India, a major stakeholder in Indo-China Bilateral Relations & Trade spoke extensively about the relations between the 2 countries, the trade, challenges etc. Mr. Wang said, “According to estimated statistics from our chamber, till now only 2000 people of enterprises are staying in India and the losses to Chinese companies’ is over 50 Million Dollars and we believe the loss is still increasing.”
The roundtable concluded with all participants discussing, deliberating & detailing comprehensive solutions to deal with various challenges presented at the meeting, including Trade, Bilateral Relations, Visas & Coronavirus.
MAM
Karnataka clears Rs 4,824 crore investment projects across 13 districts
37 new industries approved, projects expected to create 14,525 jobs.
MUMBAI: If investment is the fuel of economic growth, Karnataka has just stepped on the accelerator. The Government of Karnataka has approved industrial projects worth Rs 4,824.31 crore, a move expected to generate 14,525 new employment opportunities across the state, according to a report by Press Trust of India. The approvals were granted during the 158th meeting of the Karnataka State Level Single Window Approval Committee, chaired by state industries authorities.
Karnataka industries minister M B Patil said the committee cleared 37 new industrial proposals and two additional investment projects spread across 13 districts, including Vijayapura, Bagalkote, Chitradurga, Kolar and Ramanagara.
The projects span a wide range of sectors such as information technology infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery manufacturing, electronics, software services and hospitality, including five star hotel development.
Patil said the diverse mix of industries reflects Karnataka’s strategy of attracting investments across both traditional manufacturing sectors and emerging technology driven industries.
Of the total proposals cleared, 22 projects fall under the large and medium industry category, each involving investments of more than Rs 50 crore.
Together, these projects account for Rs 3,908.68 crore in investment and are expected to create approximately 12,475 jobs.
Another 15 projects are classified as new industrial ventures with investments ranging between Rs 15 crore and Rs 50 crore. These projects collectively represent Rs 350.60 crore in investment and are expected to generate around 1,750 jobs.
In addition, the committee approved two further projects worth Rs 565.03 crore, which are expected to create about 300 employment opportunities.
Among the notable proposals cleared by the committee is a major information technology infrastructure development project by Bagmane Constructions Private Limited with an investment of Rs 494.65 crore.
Another significant project involves Karnataka Bangaru Sugars Pvt Ltd, which received approval to establish a sugar manufacturing facility worth Rs 443.50 crore.
In the textiles sector, Kleine Pax Ltd secured approval to set up a technical textiles manufacturing unit involving an investment of Rs 376 crore.
The hospitality sector also saw a major proposal, with Trishul Buildtech and Infrastructure Pvt Ltd receiving approval to develop a five star hotel project worth Rs 300 crore.
Meanwhile, the state also cleared a compressed biogas production facility by Troult Grass Pvt Ltd involving an investment of Rs 257.77 crore in Mudhol.
In the electric mobility segment, Tsuyo Manufacturing Pvt Ltd has been approved to set up a motor and controller manufacturing facility for electric vehicles, with an investment of Rs 250 crore.
Officials said the distribution of projects across multiple districts is expected to strengthen regional industrial development and expand employment opportunities beyond the state’s established technology hubs.
With the approvals spanning sectors from traditional manufacturing to next generation technologies, Karnataka aims to reinforce its position as one of India’s leading investment destinations while supporting job creation across diverse industries.
