Thailand’s DITP conducts “Silverline Trade from Bangkok to Bombay” Roadshow for the 66th Bangkok Gems & Jewelry Fair in 2021

Ms. Supatra Sawaengsri, Consul (Commercial) and Director, Thai Trade Centre, Mumbai, with models displaying Thai silver jewellery at “The Silverline Trade from Bangkok to Bombay” roadshow

MUMBAI,  22^nd NOVEMBER, 2020 (TGN): Thailand’s Ministry of Commerce, Department of International Trade Promotion (DITP) with support from Thailand’s gem & jewelry delegates and the Thai Trade Centre, Mumbai, conducted the “Silverline Trade from Bangkok to Bombay Roadshow” for the 66^th Bangkok Gems & Jewelry Fair (BGJF) to be held from 23-27 February 2021 in Bangkok for a very selective group of leading Indian jewellers. Thailand’s Ministry of Commerce is celebrating its 100^th anniversary in 2020 and unveiled Thailand’s Magic Hands global campaign aimed at gaining international recognition for the Thai gems and jewellery industry.

The DITP presented a magnificent Thai silver jewelry fashion show “The Silverline Trade from Bangkok to Bombay” supported by Thai Silver Exporters' Association (TSEA) that showcased six brands namely Marvel Jewelry, Karen Silvery Design, Nakorn Gems, J. C. Jewelry, Patanaanunwong and Pat Holding. Social distancing norms were strictly followed for the entire event.

Ms. Supatra Sawaengsri, Consul (Commercial) and Director, Thai Trade Centre, Mumbai, with Mr. Colin Shah (Chairman, Gem & Jewellery Export Promotion Council) at “The Silverline Trade from Bangkok to Bombay” roadshow

“India is known as one of the top players in international gems and jewellery business from quality diamonds and colored stones to silver and gold jewellery. The DITP looks forward to welcoming India’s gems and jewellery players to join our BGJF platform,”

Ms. Supatra Sawaengsri, Consul (Commercial) and Director, Thai Trade Centre, Mumbai, in the centre along with models and Right to Left Mr. Rajesh Bajaj (Chairman, HZ International); Mr. Mehul Shah (Vice President - Bharat Diamond Bourse and Director Star Brillian); Mr. Colin Shah (Chairman, Gem & Jewellery Export Promotion Council); Mr. Saiyam Mehra [COA Member, All India Gem & Jewellery Domestic Council (GJC), Convener, GJS (GJC's Gem & Jewellery Show); and Director Unique Chains]; and at “The Silverline Trade from Bangkok to Bombay” roadshow 

 Mr. Somdet Susomboon, Director General of DITP, said in a video message on this momentous occasion. He also added that the 66^th edition of the BGJF has been rescheduled to be held at Challenger Hall 1 – 3 IMPACT, Bangkok, from 23 to 27 February 2021. The DITP will provide the event with a hybrid platform for all attendees both offline and online, as well as ensuring that the highest levels of safety, security and public health precautions are in place for the benefit of attendees.

Ms. Supatra Sawaengsri, Consul (Commercial) and Director, Thai Trade Centre, Mumbai, made a presentation on the 66^th Bangkok Gems & Jewelry Fair (BGJF) 2021 & Thai Silver Jewellery Seminar. She highlighted that in the previous 65^th BGJF, Indians were the no. 1 visitors attending our show and no.2 in trade volume. Indian buyers who are interested in joining, should contact Thai Trade Center in Mumbai at thaitrademumbai@gmail.com for a smooth registration process and any other assistance. We can also arrange B2B meetings for interested Indian Companies attending this Fair, she said.   

 

The leading Indian delegates comprised Mr. Colin Shah, Chairman, The Gem & Jewellery Export Promotion Council (GJEPC); Mr. Mehul Shah, Vice President - Bharat Diamond Bourse and Director Star Brillian; Mr. Saiyam Mehra, COA Member, All India Gem & Jewellery Domestic Council (GJC), Convener, GJS (GJC's Gem & Jewellery Show); and Director Unique Chains; and Mr. Rajesh Bajaj, Chairman, HZ International. Leading Trade Organisations of India present on the occasion were: Gem and Jewellery Export Promotion Council (GJEPC); Bharat Diamond Bourse (BDB); The Mumbai Diamond Merchants’ Associations (MDMA); Lab Grown Diamond & Jewellery Promotion Council (LGDJP); All India Gem and Jewellery Domestic Council (GJC); Gem & Jewellery Skill Council of India; and Jewel Maker Welfare Association amongst others. Atul Jogani Chairman of Indo-Thai Diamond Color Stone Association was also present and addressed the audience.

Mr. Colin Shah, Chairman, The Gem & Jewellery Export Promotion Council (GJEPC), praised the pro-active initiative taken by Thailand’s DITP in conducting a roadshow of huge magnitude in Mumbai post COVID-19. He highlighted the numerous initiatives taken by apex body GJEPC in fostering enhanced collaboration between India and Thailand in the gem and jewellery business. 

Mr. Mehul Shah, Vice President - Bharat Diamond Bourse and Director Star Brillian, said, “India's Prime Minister Shri Narendra Modi visited Thailand in November 2019 and celebrated the strong ties that bind India with Thailand and his government wants to bring them even closer by transforming India's Northeast region into a gateway to Southeast Asia. With the support of the Thai government, DITP is aggressively pushing export activities to India, Japan, the United States and the Middle East. BGJF exhibition promotes and enhances trade between India and Thailand and builds up great B2B relationships between Indian and Thai business people.”

Mr. Saiyam Mehra, COA Member, All India Gem & Jewellery Domestic Council (GJC), Convener, GJS,said, “Silver, the ‘democratic’ metal is well within everyone’s reach, is gaining ground across the globe because of two main drivers – it’s precious yet affordable. India and Thailand have many similarities and commonalties in their gems & jewellery trade. Indian silver jewellery exporters, like their Thai counterparts, have a strong handcrafting orientation, design database supported by quality manufacturing operations mostly by MSMEs. India and Thailand can collaborate and explore synergies to enhance their global exports.”

BANGKOK GEMS & JEWELRY FAIR (BGJF)

Bangkok Gems & Jewelry Fair (BGJF) is one of the world’s most renowned and longest-celebrated gems and jewellery trade fair in the industry. Organized on a biannual basis by Thailand’s Department of International Trade Promotion (DITP) in February and September, the BGJF is regarded as a significant trading arena where all key players in the global gems and jewellery business can achieve their purposes of sourcing, trading and networking. The Bangkok Gems & Jewelry Fair is a globally-trusted marketplace for a wide range of quality products, extensive resources, and innovative designs. Following the great success of its previous editions, The 66^th edition of the BGJF will be held from 23 to 27 February 2021 at Challenger Hall 1 – 3 IMPACT, Bangkok under the theme “THAILAND'S MAGIC HANDS the spirit of Jewelry Making” to showcase the skilled craftsmanship of Thailand’s manufacturers. Meanwhile, the fair aims to provide the greatest satisfaction to exhibitors, traders and visitors with first-rate facilities and services such as complimentary shuttle transport, interpreters, business matching zone, business lounge, Wi-Fi service, as well as exciting talks and seminars. 

SIAM SILVER SHOWCASE - FROM PAST TO FUTURE

An exhibition of contemporary silver jewellery from leading brands as well as a showcase of the history of silver jewellery in Thailand. The exhibition features the latest trends in silver jewellery that are popular among consumers in order to showcase the potential of Thailand’s silver industry, the talent of Thai designers, the intricate skills of Thai artisans, and the long history of silver jewellery manufacturing in the country. This exhibition is divided into two main zones. The first one is ‘The Past’ which presents the history of silver jewellery, silverware and neilloware in Thailand along with modern interpretations inspired by ancient techniques. The second zone ‘The Future’ portrays the future of the Thai silver jewellery industry, in which modern technologies are used to elevate the ancient know-how and to create new design solutions that match the needs of the post COVID-19 generation. This reflects the unique adaptability in crises of Thai entrepreneurs. This exhibition also features rare silverware, silver jewellery and nielloware masterpieces from the 66th Bangkok Gems & Jewelry Fair exhibitors.

For more information about Bangkok Gems & Jewelry Fair, please visit:

Website: www.bkkgems.com            

Facebook: bangkokgemsofficial

Instagram: bkkgemsofficial

Free career guidance services for students and professionals in COVID-19 times

Dr Amrita Dass, Founder-Director, ICS

Mumbai, 9th November 2020 (TGN): To help students and professionals amid the current uncertainty, the Institute for Career Studies (ICS) has been providing a wide range of free career guidance services through its mobile app, ICS Career GPS.

Among the many changes triggered by the Pandemic, an important one is how we make our educational and career-related choices. These tough times have highlighted the significance of diversifying our career portfolio with suitable fallback options. It is predicted that 85% jobs that will be on offer in 2030 do not exist today. Many traditional specialisations will be replaced by new-age ones such as Molecular Gastronomy, Behavioural Finance, Cliodynamics, Cognitive Psychology, Genetics Law, etc, which require interdisciplinary education.

Mumbai, which has always been at the helm of career trends in India, is expected to, once again, reflect these changes before other cities. In this rapidly changing employment scenario, Mumbai has the advantage of its big pool of educated, upwardly mobile and well-travelled young workforce. In fact, all of Maharashtra, which has more than 40 million children under the age of 18 years, has a distinct advantage in staying ahead of times.

“We have guided numerous students and professionals globally over the past few months. We especially want to reach out to the youth in tier-II cities of Maharashtra like Nashik, Pune, Aurangabad and Nagpur,” said Dr Amrita Dass, Founder-Director, ICS, and Member, UP Government’s Steering Committee for implementing the National Education Policy (NEP) 2020.

Highlighting the need and scope of career counselling in India, Dr Dass said, “Our country has 50 million students in need of career guidance. A recent career awareness survey revealed that 93% Indian students are aware of just 7 career options although there are over 250. ICS Career GPS guides users to careers based on their interests. The deep-dive tests in the app enable them to shortlist their best fit careers. The user gets a career report and information about courses, campuses and career pathways, along with chat opportunity with our advisors – free of charge. The objective is to help the youth discover their dream careers.”

In August, the School Education Department of J&K had placed ICS Career GPS on its career portal to benefit students from the region. The app highlights the new subject combinations and careers that will emerge with the implementation of NEP 2020, and also facilitates easy access to experts for personalised counselling.

Additionally, ICS has provided over 1,000 free personalised counsellings since August 15, as part of a CSR initiative.

Established in 1985, ICS, with a global presence today, pioneered career counselling and guidance services in India, Bangladesh and the Middle East, benefitting over 3,00,000 students.

Leena AI raises $8M in series A funding to revolutionize employee experience

 

MUMBAI, 03 NOVEMBER, 2020 (TGN): Leena AI, an artificial intelligence (AI)-powered employee experience platform, today announced an $8 million Series A financing led by Greycroft to expand its go-to-market programs and accelerate product development. The round also included a personal investment from Adam Miller (Founder of Cornerstone OnDemand), Alan Patricof (Chairman of Greycroft) and Jim Moffatt (ex-Chairman/CEO of Delloite Consulting). In conjunction with the funding, Mark Terbeek, partner at Greycroft, will be joining Leena AI's board.

The funding will allow Leena AI to continue its momentum by helping the world’s top enterprises to modernize their legacy internal helpdesk systems to better their employee experience. Traditional internal helpdesk systems take longer for employees to get answers from HR teams. Leena AI leverages artificial intelligence to automatically answer repetitive employee queries in real-time and enables HR to better support employees. With Leena AI, businesses streamline their employee workflows while uncovering unmet employee needs and process gaps.

“Legacy internal helpdesks are simply not meeting the needs of the world’s top enterprises. They are not user friendly, are tough to deploy & lack intelligence. Leena AI Service Delivery suite changes that - bringing the consumer experience to enterprise employees.” said Adit Jain, Co-founder and CEO, Leena AI. “This investment will fuel our mission to elevate employee experience through AI-powered conversations and insights & become the Siri for enterprise employees.”

“Delighting employees is crucial in the battle for attracting and retaining world-class talent. In this era of accelerated remote work environments- satisfying key employee inquiries is even more critical. ,” said Mark Terbeek, Partner at Greycroft. “Leena AI has created a scalable AI platform that solves critical requests for all employees and provides them with a single access point for all of their critical HR needs. ”

Over the past 9 months, Leena AI has grown the team to 75 people and brought on more than 100 enterprise customers, including Lafarge Holcim, Abbott, Coca-Cola, AirAsia, Vodafone, Sony Pictures, etc. During this time, Leena AI added more than 150,000 employees to its platform and grew revenue 350%.

“Having worked with industry-leading companies on their digital transformation journeys for many years, I understand the importance of enhancing both the employee experience and engagement. Leena AI is uniquely positioned to empower mid-market and enterprise companies to transform their employee's digital experience, driving huge efficiencies, while maximizing employee engagement,” said Jim Moffatt.

“Every company regardless of size or sector is dependent on its people. Effective HR management is a cornerstone for productivity. Leena AI has created a conversational AI solution for HR teams that entirely redefines & elevates the employee experience. They've scaled incredibly quickly, serving over 300,000 employees globally across more than 100 companies, including blue-chip customers such AirAsia, Lafarge Holcim & Nestle. It's rare to see such explosive growth & high NPS. I'm thrilled to continue to support the incredible Leena AI team at this exciting inflexion point,” said Akhil Paul, an existing investor in Leena AI. ENDS

Gods of Dharmapuri (G.O.D), Zee5 Telugu Original Web Series celebrates One Year anniversary

 

India, November 3, 2020 (TGN): Gods of Dharmapuri (G.O.D), a critically acclaimed and popular Telugu web series premiered on Zee5 OTT platform has entered a successful one-year completion. A first of its kind Telugu web series, produced by talented Radhika Lavu, Ellanar Films takes the regional OTT content a notch higher with its gripping saga of power struggles set in Dharmapuri, near the Andhra and Karnataka border.

Premiered on October 23, 2019, G.O.D is still amongst the top 3 Telugu shows on its streaming platform Zee5 with 60% season engagement and most views. Currently, Zee5 hosts a handful of Telugu content and G.O.D has maintained its position and viewership even after 11 months of its release. Additionally, its subscriptions increased by 50%, showing great interest from the viewer's end.

It has received rave reviews and gained huge praise from its viewers.  The show has been dubbed in multiple languages and has seen extremely positive engagement levels. The overall engagement level of the series was 60%, and most viewers watched more than one episode at a go.

G.O.D is a fictional political drama set during the 1960s - 1970s. It is the journey of a man who is struggling to make ends meet for his family, migrating to the mining town of Dharmapuri for a better future and chronicles how they become the most powerful family of this fictitious town.  It has received accolades for its narrative style which is bold and subtle, with stellar camera work and performances. It is also laced with masterful music which provides the thrill that the powerful storyline commands.

Radhika Lavu, Producer, G.O.D says, “It is an absolutely gratifying moment for the whole team of G.O.D and I must extend a big thank you to all our viewers. It has been an enriching journey filled with immense learning for me. I’m extremely happy about hitting a milestone as a filmmaker in the regional market. The one-year success of the first season of G.O.D is a testament that quality content is always appreciated by the audience. We’re excited to take this a notch higher with season 2 and our success gives me more confidence to continue creating content like this and tell more enthralling stories.”

Recently, the sixth edition of Young Entrepreneurs Summit & Awards 2020 by BW Business World recognised and awarded Radhika Lavu, Founder of Ellanar Films as one of India’s Most Enterprising Young Minds.

Even during the crisis time, Radhika Lavu was unleashing her creative mind and has been working on several other projects like television commercials and OTT content. Simultaneously, she is working on a riveting and soulful historical drama series which is something to look forward to in the coming months.

About Radhika Lavu

Radhika Lavu is an established film producer with over 10 years of experience in the field. She has studied filmmaking from Goldsmiths College, University of London to understand the finer details of film making professionally and promotes a production house under the banner Ellanar Films. Her experience extends to a variety of domains, she has made 100+ documentaries for the State Government of Andhra Pradesh, creating advertising concepts and content for reputed brands like Golden Harvest and Big Bazaar. Her most recent accomplishment is Gods of Dharmapuri (GOD), a Telugu web series streaming on Zee5 digital platform, which she produced.

About Ellanar Films

Ellanar Films is a Hyderabad-based production house that caters to all kinds of viewers and creates documentaries, web series, corporate films, ad films, short films, feature films, brand films and digital stories

Website link: http://www.ellanarfilms.com/

About Gods of Dharmapuri (GOD)

Gods of Dharmapuri (GOD) is a Telugu language crime drama that provides thrills and jolts at every point along with compelling character arcs that only get better with each episode. It has received accolades for its narrative style which is bold and subtle, with stellar camera work and performances. It is also laced with masterful music which provides the thrill that the powerful storyline commands. A Telugu first of its kind, it takes regional web series a notch higher with its gripping saga of power struggles set in Dharmapuri, near the Andhra and Karnataka border.

The Plastics Export Promotion Council unveils 5-year plan to target USD 25 bn of plastics exports by 2025

Mr. Ravish Kamath, Chairman, PLEXCONCIL

 Focuses on 18 plastic parks, 50 value-added products and identified products for Atmanirbhar Bharat and the champion sectors  

National, 30 October 2020 (TGN): The Plastics Export Promotion Council of India (PLEXCONCIL), the apex trade body for plastics exports sponsored by the Union Ministry of Commerce & Industry, Government of India, has unveiled plans to target plastics’ exports of USD 25 billion by calendar year 2025 – while posting 20% growth in plastics exports during FY21 and FY22. 

Backed by strong government support-planned investment of USD 6.2 mn and 18 plastic parks being set up to boost domestic production, employment and achieve environmentally sustainable growth. PLEXCONCIL has mapped out 50 value-added plastic products in which India has a good standing and can easily expand its presence to other geographies. PLEXCONCIL identified products for Atmanirbhar Bharat are: PVC Films; Petrochemicals - Styrene Monomer, Maleic Anhydride, Propylene Glycol Titanium Dioxide; Plastic films Nylon High Tenacity UV Yarn. PLEXCONCIL is in the process of identifying the champion sectors.

 

PLEXCONCIL has been organising virtual Interactive Sessions, Seminars, etc., with the manufacturers / exporters / related associations & organisations along with the State Governments to create awareness and to provide necessary assistance to exporters/manufacturers. The PLEXCONCIL mobile app has been unveiled for plastic exporter members and trade fraternity. 

Mr. Arvind Goenka, Vice Chairman, PLEXCONCIL,

Mr. Ravish Kamath, Chairman, PLEXCONCIL, said, “India is well positioned as a key plastic manufacturing base for corporations relying on global value chains in a dynamically evolving world trade scenario. Recent policy announcements during the lockdown and unlock phases underscore Indian Government’s focus on domestic manufacturing and opening up of new opportunities. India has undertaken several business-friendly reforms in recent years to enhance ease of doing business. Various alternatives for leveraging India as a part of the supply chain are available --- 100% owned Manufacturing; Manufacturing through JVs; and Contract Manufacturing. India needs to boost domestic production of polymers, so much so that surplus quantity is available within the country thereby making availability of polymers at competitive rates.” 

Talking about further support needed from Government, Mr. Kamath adds, “Plastic exporters have to be given the option to continue with MEIS or with RoDTEP and the RoDTEP rates should be fixed liberally to help them complete internationally. PLEXCONCIL has been requesting Govt to appoint a Shipping Regulator body since a long time. Free Trade Agreements need to be Renegotiated for Plastic goods especially with major export destinations such as Europe (which accounts for 24% of India’s plastics exports), North America (16%) and WANA region (14%) amongst others.”

Mr. Arvind Goenka, Vice Chairman, PLEXCONCIL, added, “PLEXCONCIL is in the advanced stages of holding a B2B meeting with buyers based in the leading international markets such as the US, Egypt, Japan, Korea and Vietnam. Our plan is to have at least 10 virtual B2B meetings with overseas buyers by December 2020. PLEXCONCIL has also written to Indian embassies and High Commissions. The PLEXCONCIL has approached three organisations to help build an export strategy for plastics with an objective to increase exports namely IIFT, New Delhi, IIM Ahmedabad and EXIM Bank of India.”

PLEXCONCIL is targeting higher exports to Australia, Brazil, China, Germany, Indonesia, Israel, Italy, Kenya, Malaysia, Netherlands, Nigeria, Saudi Arabia, Singapore, South Africa, Spain, Sri Lanka, Thailand and Turkey with details of potential products.

Mr. Sribash Dasmohapatra, ED, PLEXCONCIL, said, “During the first half of 2020-21, India exported plastics worth USD 4.77 billion witnessed a fast recovery post lockdown and recorded a positive growth of 7.9% in September 2020.  During the first half of 2020-21, certain product panels like Raw materials; Polyester films; and Human hair witnessed a positive growth in exports. We are hoping that the remaining panels, particularly, Consumer & house ware; Writing instruments; Woven sacks / FIBCs; Floor coverings, leather cloth & laminates; will pick up in the second half of FY21.” 

India has 2,000+ exporters across the country - 15 large industrial groups in polymer manufacturing, 30,000 plastic processors, 7,500 units in recycling, Packaging, infrastructure, industrial sectors agriculture, textile fibers, electronics and automotive amongst others. PLEXCONCIL Members suggested that the Government should reduce the lead time for refunds (MEIS / GST) for exporters and also reinstate GSP. They have also sought availability of containers in order to avoid expiry of LC’s and breaching of delivery schedules. As India is import dependent on polymers, import shipments are not getting loaded at ports in Europe, USA & NEA for India leading to an unprecedented hike in polymer prices -specially for PVC Resin wherein India produces only 45% of its mammoth consumption of more than 3 MTPA.

About PLEXCONCIL

The Plastics Export Promotion Council (popularly known as PLEXCONCIL) sponsored by the Ministry of Commerce & Industry, Department of Commerce, Government of India, represents the exporting community in the Indian Plastics industry. The export promotion strategies evolved since 1955, the year when PLEXCONCIL was born, have fetched rich dividends, which is exhibited in the form of high export growth rates. These achievements represent the dedicated efforts of the about 2500-strong PLEXCONCIL members who are always in the process of creating a niche for themselves in the world markets by virtue of their determination to achieve technological excellence, a sense of commitment to satisfy their customers’ requirements and their inherent entrepreneurial qualities. The PLEXCONCIL on its part is committed to support the efforts of its members to achieve export excellence and service the overseas buyers to find appropriate trade partners in the Indian plastic industry. In its pursuit to achieve export excellence, various export promotional activities are undertaken by PLEXCONCIL. These include participation in international trade fairs; sponsoring delegations to target markets; inviting business delegations from the overseas to India; organising buyer-seller meets both in India and the overseas etc. and servicing the needs of its members. The Council also routinely undertakes research and surveys, organizes the Annual Awards to recognize top performing exporters, monitors the development of new technology and shares the same with members, facilitates joint ventures and collaboration with foreign companies and trade associations as well as represents the issues and concerns to the relevant Government bodies. Products from the Indian plastic industry are exported to over 150 countries round the globe with the major trading partners being the European Union, United States, China, UAE, Saudi Arabia, Turkey, Nigeria, Indonesia, Egypt, etc.  For more information: http://www.plexconcil.co.in/

Indo-Canadian Businessman, Hemant M Shah: To boost country economy and employment government should reopen Aviation, Tourism and other badly effected MSME sectors

NATIONAL, 29 OCTOBER, 2020 (TGN): Recently DGCA Govt of India announced that International Flights Operations in India will not be not allowed until November and the uncertainties in this industry looms at large post unlock 5.0. The Airline/Aviation industry as well travel business~Toursim industry is very badly effected in the whole world. Most of Govt in respective country have extended its support to the Airline industry as the tourism and employment depends on it to a larger extent.Indo-Canadian Business man, Hemant M Shah says, My question to Govt of India and Various State Govt. is, What are you doing with badly effected Travel /Tourism and Aviation industry?, How many person and their family does this industry supports?…It’s very dis heartning in this pandemic situation that the Govt. and opposition party is busy playing politics. (Rajniti)…In this election not a single manifesto sencentence mentioned how govt will improve economy ,How government will give lift to industry in crisis….Whole Europe and North America in 2nd wave of Corona .People are scared. .How about in our Bharat…We are busy with election..And Election Rally.. Not a single protocol were followed as per Govt of India announced rules…I am taken back PM of India and Senior cabinet ministers Election meetings (No Health Rules Followed).. Ruling party Senior ministers were campaigning at rally effected and tested Corona positive.This is our Bharat ka Vikas…Wait and watch .India get 2 nd wave. I am.scared. How Govt if india will handle this panademic situation. It’s my humble request to ruling party and opposition polticial party, It’s high time look at india Aam Janata and their problems such as Jobs, Observing via social media/TV channels BJP senior leaders and Cabinet minister put 200% efforts on Bihar election.(Our Loved PM Modiji is very well liked in Bihar since 2015).My suggestion same efforts BJP has to put on Indian economy /Small and medium buisnesses and Jobs for youth and migrant workers.Shri Modiji can do it, Why not this time, May be Modiji is not getting Right Advise or Opportunity. Buisness Specially Small buisness has effected.I understand Mumbai and other City lots of Retail Buisness have been effected very badly.They have listed their buisness for sale or Lease.Why not State govt and Central Govt Talk about this instead of Playing Rajniti and Blame game on each other, It’s High time all the political parties comes together on 1 platform work with Big corporate house and NGO to discuss how we can Revive indian economy and MSME.I will add as I stated earlier take help of our NRI brothers and sisters… Matrubhoomi and Your fellow brothers needs you…NRI family supports 51$ every month up to 6 months…356$ ..This money can used along with repauted NGO to establish new opportunity in buisness and carrier path for the un employed.Govt of India MEA mission High commissioner all around globe.As well most of poltical parties have NRI cell network. They can send appeal through this platform…. Last but not least…I will humbly urge all the poltical party and Poltician…”It’s not time for Rajniti Leave Rajniti Behind Stop blaming game.Bharat and Janata needs you.Its time to show Your Responsibility towards bhartiya janata..Vande Matram. ENDS

This article is authored by Indo-Canadian Business man, Hemant M Shah who strongly appeals to all the political parties to join hands with the NRI to Re-boost Aviation, Tourism and MSME sectors.

Satin Creditcare Network Limited disburses first loan under the Prime Minister Street Vendor’s Atmanirbhar Nidhi Scheme (PM SVANidhi)

 

India, October 28, 2020 (TGN): Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance companies in the country, has announced that it has disbursed its first loan under the Prime Minister Street Vendor’s Atmanirbhar Nidhi Scheme (PM SVANidhi) with an aim to financially empower street vendors by relieving their financial stress as well as contribute to their holistic development and economic upliftment. The loan of Rs 10,000/- was disbursed to Mr. Munna Lal from Rambagh, Agra who is a blacksmith who wishes to expand his small business.

 

In line with the vision of Aatmanirbhar Bharat, the scheme was launched by the Ministry of Housing and Urban Affairs in June 2020 to provide affordable loans to street vendors to resume their livelihood, adversely affected by the Covid-19 pandemic and subsequent lockdowns. With this social initiative, Satin Creditcare Network Limited continues to remain focused on driving financial inclusion, underlined by the strong commitment to extend the company’sreach and achieve socio economic progress for the vast number of people who are excluded by the mainstream financial providers..

 

Mr. HP Singh, Chairman and Managing Director, Satin Creditcare Network Limited said, “Given the dynamically evolving nature of today’s credit culture, keeping pace with customers’ unique needs and aspirations can be quite challenging. Satin has always championed the cause of deeply understanding the customer in the remotest pocket of India and providing product/ service offerings that ease financial stress and promote the spirit of entrepreneurship among small vendors and business owners. As an entity that has enabled financial inclusion and liberation for countless vulnerable and underprivileged communities in India, we are elated to take on the PM’s noble vision for a truly self-reliant Bharat forward through the Prime Minister Street Vendor’s Atmanirbhar Nidhi Scheme (PM SVANidhi).”

 

Satin Creditcare Network Limited aims to continue to expand the vistas of their business and maximize its reach to the financially excluded population at the bottom of the pyramid to help them enhance their livelihood. ENDS

 

About Satin Creditcare Network Limited

Satin Creditcare Network Limited (SCNL or Satin) is a leading microfinance  institution  (MFI)  in  the  country  with presence  in  23  states & union territories and around  85,313 villages. The company’s mission is to be a one stop solution for excluded households at the bottom of the pyramid for all their financial requirements. The company also offers a bouquet of financial products in the Non‐MFI segment (comprising of loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions  through Taraashna Financial Services Limited, a business correspondent company and a 100% subsidiary of SCNL.  In April  2017,  SCNL  incorporated  a  wholly  owned  housing  finance  subsidiary  (Satin  Housing  Finance  Limited  or  “SHFL”) for providing loans to the affordable housing segment. In January 2019, received separate NBFC license to commence MSME business, Satin FinServ Limited. SCNL forayed in digital lending “Loan Dost” to target millennials. As of June 2020, SCNL had 1,355 branches and a headcount of 11,700 across 23 states and union territories serving 33.2 lakh clients. A pan‐India player with a strong presence  throughout Uttar  Pradesh,  Bihar, North East, Madhya  Pradesh and is a dominant player in its other states of operations.