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Delhi’s <keyword id="6358365" type="PERSON" weightage="20" keywordseo="Pragati-Maidan">Pragati Maidan</keyword>, which hosts an array of exhibitions like India International Trade Fair, is going to be upgraded to global standards. 
 The iconic exhibition ground is getting a facelift at the tune of around Rs 3,000 crore as per an <keyword id="3134335" type="UNKNOWN" weightage="20" keywordseo="ITPO-blueprint">ITPO blueprint</keyword>. 
 
The blueprint includes a state-of-the-art convention centre to accommodate 7,000 delegates, modern centres etc. 
 
"This is my top priority. All the necessary approvals would be taken in maximum 3-4 months. The amount worked out is in the range of Rs 2,500 to Rs 3,000 crore. It will take around 3-4 years to complete the project. It will be done in two phases," said India Trade Promotion Organisation CMD L C Goyal. 
 
As per the plan, the existing state pavilions will be developed in a manner in which they will be also used to hold public interactions. 
 
In the first phase, the non-air condition halls would be demolished and re-constructed; later, the remaining halls will be developed. 
 
"The idea is to make Pragati Maidan a major promotor of trade, commerce and exhibition. The proposal also include multi-level parking facilities and open space area," said Goyal. 
 
Once upgraded, the 'Auto Expo' again, which is currently shifted at Greater Noida, will be back to Pragati Maidan again. 
 
The plan envisages increasing the operational area from 60,000 sq mt to about 2 lakh sq mt. 
 
The proposal will be cleared first by the ITPO board and then by the Commerce and Industry Ministry, Finance Ministry and finally it would be sent for the Cabinet Committee on Economic Affairs' nod, he said.

Delhi’s Pragati Maidan to get a Rs 3000cr swashbuckling upgrade to global standards

As <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> prepares to organise its first-ever global artificial intelligence (<keyword id="6355999" type="General" weightage="20" keywordseo="ai" source="Orion">AI</keyword>) summit in December, Walter Sun, Global Head of AI at cloud software major <keyword id="6358384" type="General" weightage="20" keywordseo="sap" source="Orion">SAP</keyword>, has said that the government and other stakeholders can learn a lot from companies like SAP in terms of helping provide the information they need to make robust decisions on AI. In a conversation with IANS, Sun who is an industry veteran with more than 18 years, said that the more informed the governments are on AI, the more enlightened decisions can be made to accelerate innovation without harming end-users. "The more we connect with the government on building responsible AI together, the more it will also become easier for us to innovate while talking about proper regulations for the whole industry," he noted. "We spend a lot of time talking to customers and working on the latest technologies. So governments can learn a lot from us in terms of helping provide the information they need to make better decisions," the SAP executive told on the sidelines of the company's flagship 'TechEd' conference in Bengaluru this week. After the successful AI Safety Summit in the UK, the Global Partnership on Artificial Intelligence (GPAI) in New Delhi next month will further deliberate upon the risks associated with artificial intelligence (AI) -- in the presence of world leaders -- before a global framework is reached in Korea next year, according to <keyword id="205969" type="General" weightage="50" keywordseo="rajeev-chandrasekhar" source="Orion">Rajeev Chandrasekhar</keyword>, Minister of State for Electronics and IT. As the council chair of GPAI, India is set to host the annual summit at Pragati Maidan in Delhi from December 12-14. Sun's technological journey extends back to 2005, when he held pivotal roles in research and product development at Microsoft. Notably, he was instrumental in the creation of Bing Predicts, a pioneering platform utilising anonymised and aggregated data for predictive analytics. This innovation enabled the integration of AI features across <keyword id="696988" type="General" weightage="50" keywordseo="bing-search" source="Orion">Bing Search</keyword>, Windows, Dynamics 365, and the Power Platform. Sun has a strong belief in the ability of generative AI to revolutionise various industries. "Responsible AI is on top of the mind for SAP. I think it's extremely important that whenever we build AI, especially generative AI which has a much larger footprint of algorithmically produced content, we keep a close eye on what we're delivering to our customers," Sun emphasised. "We know that governments care so we want to partner with them. We also want to lead the way ourselves because we know AI technology. We can partner with governments to explain what we're doing and hope that they can follow our leads," he added. According to him, generative AI can help businesses save money, make them more efficient and productive and also make the lives of employees better, as the realms of enterprise software and AI continue to converge. As generative AI begins to disrupt businesses of all sizes globally and in India, Cloud solutions major SAP this week launched new AI capabilities and advancements for developers to build generative AI-based apps and solutions. With Sun at the helm of SAP's AI initiatives, the company is poised to usher in a new era of innovation, offering clients groundbreaking solutions to tackle their most pressing problems. (<keyword id="1588655" type="General" weightage="50" keywordseo="nishant-arora" source="Orion">Nishant Arora</keyword> can be reached at nishant.a@ians.in) --IANS na/ksk

Our learnings can help India's mission to create responsible AI: SAP's global AI head

New Delhi [India], September 6 (ANI): Prime Minister Narendra Modi on Wednesday advised all the ministers to download the <keyword id="42981" type="General" weightage="20" keywordseo="G20" source="Orion">G20</keyword> India mobile app ahead of the <keyword id="42982" type="General" weightage="20" keywordseo="G20-Summit" source="Orion">G20 summit</keyword> to be held in New Delhi this week. The advice came during <keyword id="2238662" type="General" weightage="20" keywordseo="PM-Modi" source="Orion">PM Modi</keyword>'s interaction with the <keyword id="245371" type="General" weightage="20" keywordseo="Council-of-Ministers" source="Orion">Council of Ministers</keyword> meeting ahead of the significant G20 summit in New Delhi. The Prime Minister said that the app would help the ministers to interact with foreign delegates seamlessly. The Ministry of External Affairs in India has launched the mobile application titled 'G20 India', marking a significant digital milestone ahead of the G20 Leaders' Summit to be held in New Delhi. The app offers users a comprehensive, interactive guide to event-related information. Features of the platform include a calendar for the G20 India 2023 event, resources, media, and insightful details about the G20. The unveiling of the 'G20 India' mobile app amplifies India's ongoing technological advancements and underscores the nation's commitment to leveraging digital tools to facilitate major international events. The government of India has launched a <keyword id="18675735" type="General" weightage="20" keywordseo="G20-India-App" source="Orion">G20 India app</keyword> ahead of the G20 summit being held under India's presidency on September 9-10 this year. The app will function till India's G20 presidency. According to officials of the Ministry of Electronics and Information Technology, more than 15000 mobile apps were downloaded globally till Tuesday. The G20 India mobile app will help the delegates to interact with foreign delegates in all G20 countries languages. Government officials further emphasize that the mobile is also a navigation facility that helps the foreign delegates move from place to place in the country and to the Bharat Mandapam. With the G20 India app, the Indian ministers can overcome language as well as communication barriers with the foreign delegates. The G20 India mobile app has services built in which people can access in 24 languages. India is all set to host the G20 Summit in New Delhi from September 9-10. World leaders will arrive in New Delhi to attend the G20 Summit. The summit will be hosted at the state-of-the-art Bharat Mandapam Convention Centre at Pragati Maidan, New Delhi. Notably, India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country.

PM Modi asks ministers to download 'G20 India app' ahead of summit

Prime Minister <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on Saturday experienced several <keyword id="764355" type="General" weightage="20" keywordseo="5G" source="Orion">5G</keyword> use cases first-hand here, along with driving a car remotely and enjoying augmented reality/virtual reality (AR/VR) via wearable devices. Inaugurating the four-day <keyword id="4293052" type="General" weightage="80" keywordseo="india-mobile-congress" source="Orion">India Mobile Congress</keyword> (IMC) 2022 at Pragati Maidan in the national capital, <keyword id="6354642" type="General" weightage="100" keywordseo="modi" source="Orion">Modi</keyword> visited several 5G pavilions and encouraged domestic startups to build 5G use cases. At Swedish telecommunication giant Ericsson's booth, Modi drove a car in Sweden via a 5G-enabled solution. He also visited a booth of a consortium of nearly 100 domestic startups working towards developing 5G solutions to solve India's real-time problems across health care, education, disaster management etc. At the Jio Pavilion, Modi witnessed the true 5G devices displayed at the pavilion and experienced the use cases through Jio Glass. The Prime Minister also spent time understanding the indigenous development of end-to-end 5G technology by a team of Jio engineers, and how 5G can help bridge the gap between urban and rural healthcare delivery. According to Modi, the country's wait for the 5G technology is over and the benefits of 'Digital India' will reach every village soon. After a successful 5G spectrum auction, the country is likely to witness the roll out of the much awaited high speed 5G mobile services around Diwali. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-5g-services-launched-in-eight-cities-the-entire-country-to-be-covered-by-2024/articleshow/94579199.cms">Airtel 5G services launched in eight cities, the entire country to be covered by 2024</a> <a href="https://www.businessinsider.in/tech/news/jio-will-launch-5g-for-the-entire-country-by-december-2023-mukesh-ambani/articleshow/94579338.cms">Jio will launch 5G for the entire country by December 2023: Mukesh Ambani</a> <a href="https://www.businessinsider.in/stock-market/markets/news/sebi-tightens-disclosure-norms-for-ipo-brings-mutual-fund-transactions-under-the-gambit-of-insider-trading-rules/articleshow/94577801.cms">SEBI tightens disclosure norms for IPOs, brings mutual fund transactions under the gambit of insider trading rules</a>

PM Modi inaugurates India Mobile Congress, experiences 5G devices being showcased

Automotive start-up EVTRIC Motors has unveiled its e-delivery scooter in the low-speed category at the EV Expo 2021 that will offer a range of 110 kms on a single charge. Showcased at the event held at Pragati Maidan in New Delhi over the weekend, the scooter can clock a speed of 25 kms per hour. It features 12-inch tubeless tyres and a loading capacity of 150 kg. The three-day event is supported by the <keyword id="11755327" type="UNKNOWN" weightage="20" keywordseo="ministries-of-road-transport">Ministries of Road Transport</keyword> and Highways, and <keyword id="11821460" type="UNKNOWN" weightage="20" keywordseo="micro-small">Micro, Small</keyword>, and Medium Enterprises (<keyword id="6358354" type="UNKNOWN" weightage="20" keywordseo="MSME">MSME</keyword>), along with <keyword id="357266" type="COMPANY" weightage="20" keywordseo="ICAT">ICAT</keyword> (International Centre for Automotive Technology). The scooter can cover a distance of over 110 km on a single charge with two swappable lithium-ion battery options, thus avoiding a need for frequent charging, considering the requirement in the segment. Homegrown automation company <keyword id="11548787" type="UNKNOWN" weightage="20" keywordseo="papl">PAPL</keyword> recently launched EVTRIC Motors to fuel the ongoing electric vehicle revolution in India. "It is a popular opinion that EVs are not at par with the combustion engine products. This myth has been holding back the industry. Apart from this, there is a dearth of localisation factor in most of the products flooding the market," said Manoj Patil, MD and Founder, EVTRIC Motors. "EVTRIC Motors has entered the market with these challenges already addressed. Now customers will enjoy locally manufactured, quality electric two wheelers and experience the difference," he added. The brand also showcased its recently launched products -- EVTRIC AXIS and EVTRIC RIDE -- at the three-day event. In the first phase, the brand will deliver e-scooters across seven cities - Delhi, Gurgaon, <keyword id="2094" type="COMPANY" weightage="20" keywordseo="Pune">Pune</keyword>, Aurangabad, Bengaluru, Tirupati and Hyderabad. SEE ALSO <a href="https://www.businessinsider.in/tech/news/google-is-now-using-chrome-as-another-security-layer-for-account-sign-ins/articleshow/84975356.cms">Google is now using Chrome as an added security layer for account sign-ins</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-glenmark-life-sciences-ipo/articleshow/84978486.cms">Glenmark Life Sciences IPO: How to check allotment status, listing date and more</a> <a href="https://www.businessinsider.in/business/startups/news/freshtohome-and-bluestone-backer-iron-pillar-is-planning-to-bring-assets-worth-1-billion-under-management/articleshow/85161486.cms">FreshtoHome and BlueStone-backer Iron Pillar is planning to bring assets worth $1 billion under management</a>

Homegrown startup EVTRIC’s electric scooter can go up to 110 kilometres on a single charge, company claims

New Delhi, Nov 14 () The fourteen-day India International Trade Fair opened here on Thursday albeit with lesser availability of space this year owing to Pragati Maidan's ongoing make-over.
 Union Transport and MSME Minister Nitin Gadkari inaugurated the fair and suggested that the ITPO (India Trade Promotion Organisation) should explore public-private-partnership model to build 30 to 40 mega exhibition-cum-convention centres across the country.
 "By supporting government as a facilitator we can make atleast 30 to 40 centres like Pragati Maidan in the country. This country needs and the government's capacity is limited, budgetary constraints are there but this activity by supporting some government equity, we can make it economically viable," Gadkari said adding that this type of activity is going to create more employment opportunities.
 Besides, Gadkari highlighted that the World Bank, ADB and KfW are ready to provide a credit line for MSMEs at a low interest cost and, he wants to provide this credit line to the poor and economically backward entrepreneurs in backward areas.
 Organisers of the fair ITPO expressed confidence that the redevelopment of Pragati Maidan into a state-of-the-art integrated exhibition cum convention centre (IECC) shall be completed before the end of next year.
 The ITPO is the nodal agency under the administrative control of the Commerce Ministry entrusted with the redevelopment of Pragati Maidan.
 In his address, ITPO CMD L C Goyal gave an assurance that the IITF 2020 would be five times bigger than the scale on which the fair is being held this year.
 "I am quite confident that before the end of next year would deliver this project (IECC)," Goyal said.
 Several countries, including Australia, Iran, the UK and Vietnam will participate in the 14-days fair.
 The theme for the 39th edition of the fair (November 14-27, 2019) is 'Ease of Doing Business' inspired by the unique achievement of India for rising to the 63rd rank on the World Bank's Ease of Doing Business Index from 142nd rank in year 2014.
 This year the status of 'Partner Country' has been accorded to 'the Islamic Republic of Afghanistan' and 'the Republic of Korea' will be the 'Focus Country'.
 Bihar and Jharkhand will be the focus states in this edition of the fair. Entry tickets for business days per person will be available for Rs 500 and season ticket for Rs 1,800.
 For all visitors during public days (November 19-27, 2019), ticket charges will be Rs 60 (adult) and Rs 40 (child) on working days and on Saturday or Sunday or Public Holiday the tickets will be Rs 120 (adult) and Rs 60 (child). RSN SHW
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India International Trade Fair opens with ease of doing business theme

New Delhi, Dec 4 () Following are the top business stories at 1820 hours:
 
DEL42 CAB-ETF-LD BONDS
Cabinet approves exchange traded fund for bonds; likely to hit mkt this month
New Delhi: After exchange traded fund for equities, the Union Cabinet on Wednesday approved the launch of exchange traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions.

DEL19 BIZ-CAB-DATA BILL
Cabinet approves Personal Data Protection Bill
New Delhi: The government on Wednesday approved the Personal Data Protection Bill that will spell out a framework for handling of personal data including its processing by public and private entities. 
 
DEL55 BIZ-LD STOCKS 
Sensex, Nifty advance ahead of policy decision; ICICI surges over 4 pc
Mumbai: Market benchmark BSE Sensex on Wednesday closed higher by around 175 points in a volatile session, driven by buying in banking, auto and select IT stocks in the last hour of trade as investors bet on a further rate cut by the RBI.
 
DEL28 CAB-LD PRAGATI MAIDAN
Cabinet approves developing 5-star hotel at Pragati Maidan
New Delhi: The government on Wednesday approved transfer of 3.7 acres of land at Pragati Maidan here to ITDC and ITPO on a 99-year lease for Rs 611 crore to set up a five-star hotel. 
 
DEL38 BIZ-GOLD-PRICE
Gold jumps Rs 332 on positive global trend
New Delhi: Gold prices on Wednesday jumped Rs 332 to Rs 39,299 per 10 gram in the national capital, tracking a positive global trend, according to HDFC Securities.
 
BCM7 LD-SAT-KARVY-BANKS
Karvy case:SAT refuses relief to banks,sends them back to Sebi
Mumbai: The Securities Appellate Tribunal (SAT) on Wednesday refused any immediate relief to top lenders who challenged the transfer of securities held with Karvy Stock Broking back to the clients or transfer them into an escrow account.
 
DEL59 BIZ-LD RUPEE
Rupee firms up by 13 paise against USD
Mumbai: The rupee clawed back its lost territory to settle 13 paise higher at 71.53 to the US dollar on renewed hopes about US-China trade deal. 
 
DCM35 BIZ-AIRTEL-FUND RAISE
Bharti Airtel board approves raising up to USD 4 billion
New Delhi: Telecom operator Bharti Airtel's board on Wednesday approved raising USD 4 billion through equity dilution and debt funding. 
 
 
 
 

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Delhi’s Pragati Maidan to get a Rs 3000cr swashbuckling upgrade to global standards

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Our learnings can help India's mission to create responsible AI: SAP's global AI head

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PM Modi asks ministers to download 'G20 India app' ahead of summit

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PM Modi inaugurates India Mobile Congress, experiences 5G devices being showcased

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