Page 2 - Latest Updates on World Economic Forum
India puts up big show at Davos WEF, bags Rs 20 trn investment commitments
All states and central government departments shared space for the first time at two India Pavilions
 "India puts up big show at Davos WEF, bags Rs 20 trn investment commitments")
Essar Group to invest $650 mn more in US steel plant: Prashant Ruia
Company to focus on energy, metals and mining, infrastructure and technology in India, he says
 "Essar Group to invest $650 mn more in US steel plant: Prashant Ruia")
Trust, talent attracting investors to India: Ashwini Vaishnaw at Davos
Another very important factor is talent, the minister said
 "Trust, talent attracting investors to India: Ashwini Vaishnaw at Davos")
Trump tells businesses to manufacture in US or face higher tariffs
Trump also said he is going to ask Saudi Arabia and Opec to bring down oil prices and asserted that if prices come down Russia-Ukraine war will end immediately
 "Trump tells businesses to manufacture in US or face higher tariffs")
Manchester United likely to kick off its India journey from Chennai
Manchester United is exploring the prospect of bringing global standards of football training to Tamil Nadu
 "Manchester United likely to kick off its India journey from Chennai")
India poised for global leadership in AI, balance necessary: Vaishnaw
Vaishnaw said people across the world now understand how India could stay on a sustained growth path when many other countries went deep under debt
 "India poised for global leadership in AI, balance necessary: Vaishnaw")
Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos
The biggest individual investments breakup broadly includes Amazon AWS - Rs 60,000 crore data centre, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore
 "Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos")
Entire planet will be now peaceful, prosperous: Trump at WEF meet
Addressing the World Economic Forum Annual Meeting here through video conferencing, Trump also said his administration has accomplished in four days what other regimes could not get in four years
 "Entire planet will be now peaceful, prosperous: Trump at WEF meet")
Growing geoeconomic fragmentation can decrease global GDP by $5.7 trn: WEF
The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy $0.6 trn to $5.7 trn up to 5% of global GDP
 "Growing geoeconomic fragmentation can decrease global GDP by $5.7 trn: WEF")
Of 29 MoUs signed in Davos, only 1 co from outside India: Aaditya Thackeray
Thackeray said the Davos trip of CM Fadnavis seems to be "totally misaligned" by his office
 "Of 29 MoUs signed in Davos, only 1 co from outside India: Aaditya Thackeray")
Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035
The project is expected to commence in 2028 and will continue till 2035 to ensure scalability and flexibility
 "Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035")
First 'Made-in-India' chip to now roll out in 2025, says Ashwini Vaishnaw
Notably, the chip was supposed to be launched in December 2024, as announced by Ashwini Vaishnaw at the Davos summit in January last year
World Economic Forum: Leaders call for action on AI, regional reforms
United Nations Secretary-General Antnio Guterres issued a stark warning about two escalating global threats: the unchecked expansion of artificial intelligence and the climate crisis
 "World Economic Forum: Leaders call for action on AI, regional reforms")
India's brand has been reinforced under PM Modi's leadership: Andhra CM
The brand of India has been reinforced under Prime Minister's leadership. India is very strong, and well-recognized by global community, global investors and all countries, Andhra Pradesh CM said
 "India's brand has been reinforced under PM Modi's leadership: Andhra CM")
Investment MOUs worth Rs 16 trillion signed in Davos, says CM Fadnavis
The chief minister said these MOUs have been signed across various sectors and would help the state in achieving its goal of taking its GDP to $1 trillion
 "Investment MOUs worth Rs 16 trillion signed in Davos, says CM Fadnavis")
Andhra CM meets Bill Gates at WEF, discusses ties in health, education
The two deliberated on establishing a centre of excellence for health innovation and diagnostics in the southern state to offer cutting-edge services
 "Andhra CM meets Bill Gates at WEF, discusses ties in health, education")
India most trusted place amid disruptions across globe: Ashwini Vaishnaw
Vaishnaw said it is a very special occasion to have one combined India team here in Davos
Our capability centres turned into innovation hubs: Indian leaders at Davos
Speaking at a breakfast session organised by the Confederation of Indian Industry (CII) here, they also said there should be a consistent focus on upskilling the Indian talent pool
 "Our capability centres turned into innovation hubs: Indian leaders at Davos")
5 new Indian industrial clusters join WEF; commit to growth, jobs creation
The 33 signatories together represent potential carbon dioxide-equivalent emissions reductions of 832 million tonnes -- approximately the annual emissions of Saudi Arabia
 "5 new Indian industrial clusters join WEF; commit to growth, jobs creation")
Davos takes a sigh of relief as Trump holds off starting trade wars
International Monetary Fund Deputy Managing Director Min Zhu, a former People's Bank of China deputy governor, said he wasn't surprised that Trump refrained from imposing tariffs on China
 "Davos takes a sigh of relief as Trump holds off starting trade wars")
