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GTC Egypt Business Convention to address needs of 3 distinct verticals

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GTC Business Convention

The Global Tourism Council (GTC) is now focussing on tourism Conclave ,Investment Summit and Film Industry Connect – at the inaugural Egypt-India Business Convention. Set to be organised by GTC in association with Egypt Tourism.

The Convention will be held from September 16-19, 2018, at the Marriott Cairo & Omar Khayyam Casino.

Around 300 delegates from different business segments of India are expected to participate in the 4 day-long event, where they will interact with their Egyptian counterparts over B2B meetings.

As part of the Tourism Conclave, the Convention will offer an opportunity for delegates to explore the possibility of developing and promoting the Biblical Tourism Circuit – Jordan, Israel and Egypt. For corporate houses, the Investment Summit will facilitate opportunities for investment in sectors like agriculture, pharma, hospitality, infrastructure, energy, etc. Film-makers and production houses attending the Convention will be able to meet with their counterparts in Egypt and undertake recee of locations for shooting and explore discussions on co-productions.

“GTC is the first council in the tourism sector of India and we have the best of brains from segments like tourism, pharma, investment, hospitality, etc. The objective of the Convention is to strengthen the bilateral relations between the two countries,” said M Iqbal Mulla, Chief Council, GTC. According to Mulla, “The response from the industry for this is quite encouraging. Even NTOs of six countries have already approached us,” he said.

Talking on this, Ismail Amer, Egyptian Tourism Counselor, said the theme of the convention ‘Innovate & Invest’ is brilliant and will offer immense benefits in myriad sectors of both the countries. “The three sectors i.e. tourism, investment and film are very much connected with each other and Egypt’s USP in all the segments is very strong. Hence, this convention will immensely benefit Egypt,” said Amer.

According to Amer, “Experts from different segments are associated with GTC, secondly there is a difference between council and association and people associated with council are always serious in business. Apart from this, the convention will highlight the strength of Egypt in the three segments.”

Citing an example, he said that new administrative capital which is coming up has thrown up huge opportunity for investment. “Our new administrative capital (will have a name later) is as big as Singapore and 7 times bigger than Washington D.C. Currently, lot of construction work is going on for shipping, logistics industries, etc. The length of new development corridor by the Suez Canal is 40 km,” pointed out Amer.

The Council will also strongly suggest for developing a Holy Land Circuit among Jordan, Israel and Egypt which will increase in pilgrimage tourism manifolds from what it is now. “We have already discussed it in our committee and will put it in conclave for implementation,” said Mulla.

The film industry is another priority sector for the Council and the Convention will discuss the issue thoroughly so that the film sectors of both the countries are benefitted. Throwing light on possible outcome, Manoj Gursahani, Member Governing Council, GTC, said, “The film industry will benefit
in very unusual way. The Egyptian film industry can look at cross collaboration opportunities with the Indian film industry. Similarly, Indian film industry and can look at opportunities of exploring and doing television serials, movies and web series which are sold on Netflix and other platforms can be captured on Egypt and look at Egypt talent and combine do a hybrid model. I strongly believe that these are largely the areas where the film and media entertainment sectors want to grow with each other and collaborate with each other.” He also said that the response so far is phenomenal. “All the big brands have already shown their interest but I can’t tell the name at this juncture,” said Gursahani.

“It helps empower local community groups, strengthening their voice.” – Neha Dhupia

Global Tourism Council aims to be the world’s biggest non-government organisation recognised by the Government of India Charitable Trust. It is the brain child of the reputed professionals from India and across the world who are committed to the advancement of the global trade and tourism industry.

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Chinese investors to invest $30 Million in 8 Indian start-ups

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India China

New Delhi, Nov 13 :Chinese venture capital (VC) funds are likely to invest around $30 million in eight Indian start-ups, the Ministry of Commerce and Industry said after the 2nd Startup India Investment Seminar held in Beijing on Tuesday.

“In the 1st Startup India Investment seminar, 12 Indian start-ups participated, of which 4 secured a funding of $15 million from Chinese VCs. In the current round, 8 start-ups out of 20 participants are set to get commitment of around $30 million,” it said.

The Ministry said the seminar was organised by the Embassy of India in China in partnership with Startup India Association and Venture Gurukool to foster innovation and entrepreneurship among the Indian youth. The first seminar was held in November 2017.

“The event was planned to expose Chinese VCs and investors to the promising Indian start-ups and also help Indian start-ups to reach out to the large Chinese investors for receiving investment for their companies,” the Ministry said in a statement.

42 Indian entrepreneurs representing 20 Indian start-ups participated in the event and pitched before Chinese investors. More than 350 Chinese VC funds and angel investors participated in the day-long seminar, it said.

Industrial and Commercial Bank of China (ICBC) CEO Zheng Bin shared ICBC’s experience in India and gave an overview of the Indian start-up ecosystem and explained the process of investment.

ICBC India has established a $200 million fund for investing in promising Indian MSMEs and ventures, he said.

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Swiggy to engage 2,000 women for food delivery

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swiggy

Bengaluru, Nov 13: Leading food ordering and delivery start-up Swiggy on Tuesday said it would engage about 2,000 women as delivery personnel by March 2019.

“About 2,000 women will join our delivery team by March next year. Over the last few months, we have been working on training women for opportunities in this growing food delivery sector,” the city-based online food delivery platform said in a statement here.

By deploying more women as delivery personnel across the country, the company said it aimed to create an inclusive workforce.

The company engages around a lakh personnel daily to deliver food across 45 Indian cities it operates in.

Currently, about 60 women are tied up with Swiggy across 10 cities, including Ahmedabad, Kochi, Kolkata, Mumbai, Nagpur and Pune, to deliver food.

World over, the employment of women as delivery personnel has been meagre.

“We are creating a women-friendly work environment with a dedicated helpline for any concern, as well as appointing more women in managerial roles,” the company said.

Swiggy is identifying ‘safe zones’ for women delivery personnel to operate in and will allow them to complete their deliveries by 6 p.m., it added.

“Since inception, we have seen the potential in investing in logistical prowess, which has helped us in having end-to-end control over the food delivery experience,” Swiggy Vice President (Operations) Sachin Kotangale said in the statement.

Set up in 2014, the food delivery platform claims to receive about 20 million orders a month across 45,000 restaurants in 45 cities, including New Delhi, Hyderabad, Mumbai, Bengaluru, Chennai, Kolkata, Gurugram and Pune.

It raised $210 million (around Rs 1,500 crore) from multiple investment firms, and has so far raised over $460 million (around Rs 3,350 crore).

The company, which has over 4,000 employees, reported an operating revenue of Rs 442-crore for the fiscal 2017-18.

IANS

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Ashok Leyland CEO and MD Vinod Dasari resigns

Hinduja, who was the company Chairman, said he would take the responsibility of Executive Chairman till a replacement for Dasari was found.

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Vinod Dasari CEO Ashok Leyland

Chennai, Nov 13 : After 14 years in the commercial vehicle major Ashok Leyland Ltd, Vinod K. Dasari, CEO and Managing Director, has decided resign to pursue other interests, said Executive Chairman Dheeraj G. Hinduja on Tuesday.

Hinduja told the media: “Vinod has resigned to pursue his own interests. He will continue with the company till March 2019. Meanwhile, the company board has asked me to take over as Executive Chairman with immediate effect.”

Hinduja, who was the company Chairman, said he would take the responsibility of Executive Chairman till a replacement for Dasari was found.

Asked whether the company would look inside or outside for a new Managing Director, Hinduja said: “The resignation was sudden. The Board needs some time to decide on the replacement.”

He said it was the Hinduja family’s policy to find the best talent. He expressed confidence that Ashok Leyland’s growth momentum would continue.

According to Dasari, it was an amicable separation and there comes a time when one has to pursue own interest.

“It was a well thought out decision. I will work with Dheeraj till the end of this fiscal,” Dasari said.

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