Tag: Business

India, a bright spot in global economy


Right time for foreign investors to tap the huge potential; World community must chalk out strategy to extradite economic fugitives

The Vice President of India Shri M Venkaiah Naidu said that a steady growth rate of almost 7% coupled with a series of reforms made India, the most favourite destination for investments in the world. Shri Naidu said that it was the right time for foreign investors to tap the huge potential offered by India in various sectors from real estate to healthcare.

Shri Naidu said that government’s initiatives and reforms helped India achieve 11th rank in the Global FDI confidence index 2018. Referring to a report by UBS, he said that the annual FDI inflows would rise to $ 75 billion over the next five year and added India with its growth momentum would soon become $5 trillion economy.

Describing India as a bright spot in the world economy, he said India would continue to be the fastest growing major economy in the world, quoting the World Bank’s latest forecast. It said the GDP is expected to grow at 7.3 per cent this fiscal year and at 7.5 per cent in the following two years.

Shri Naidu said that the robustness of India’s institutions, resilience of its policy frameworks, the reforms initiated by the government and the responsiveness of Industry bodies such as CII have insulated its economy from stagnation and helped in achieving the dual distinction of being a stable democracy and one of the fastest growing economies in the world. Continue reading “India, a bright spot in global economy”

Gender Equality Benefits Everyone

Government of Canada marks the first-ever Gender Equality Week

Canada is celebrating the first ever Gender Equality Week from September 23 to 29, 2018!

The theme for Gender Equality Week is Gender equality benefits everyone, inspired by the vision of a gender equal society and the benefits of advancing gender equality to women, men and people of all gender identities. When we make progress towards gender equality, #EveryoneBenefits!

This week is an opportunity for people from coast to coast to coast to celebrate the progress we’ve made in advancing gender equality in Canada, while reflecting on the work that remains to make sure that everyone – regardless of their gender – can reach their full potential.

Gender Equality Week is the result of Bill C-309, the Gender Equality Week Act, which received Royal Assent on June 21, 2018. This legislation designates the fourth week in September as Gender Equality Week.

Throughout the week, show your support with the hashtag #EveryoneBenefits and tell us why gender equality is important to you. Continue reading “Gender Equality Benefits Everyone”

Mississauga Gathers Dignitaries to Mark 90 Years of Canada-Japan Diplomatic Relations

 The City of Mississauga hosted a reception at the Mississauga Civic Centre last week to celebrate the 90th Anniversary of Canada-Japan diplomatic relations.

The reception, hosted by Mayor Bonnie Crombie and the City’s Economic Development Office, was attended by Ms. Takako Ito, Consul General of Japan in Toronto, Members of City Council, as well as members of Mississauga’s Japanese business community.

“Mississauga shares a special, long-standing relationship with Japan that is deeply rooted in our shared values and strong economic ties. That’s why Mississauga is honoured to be hosting a reception to acknowledge 90 years of diplomatic relations between our two countries,” said Bonnie Crombie, Mayor of Mississauga.

Mississauga is home to nearly 100 globally-respected, successful and innovative Japanese companies. This number represents almost half of all Japanese companies located in Ontario and more companies than any other city within Canada. Some recent additions to the list of Japanese companies in Mississauga are Eisai Limited, MHI Canada Aerospace, KinderKids, IKO Thompson Bearings Canada and Tohmei Industries.

The City’s Economic Development Office works closely with the Japanese business community to support their growth in Canada. Japanese companies provide a major economic boost to Mississauga in the life sciences, aerospace, information and communications technology, logistics and transportation, and various advanced manufacturing sectors. In three years, Japan has moved from the third to the second highest source of foreign direct investment to Mississauga, after the United States. Continue reading “Mississauga Gathers Dignitaries to Mark 90 Years of Canada-Japan Diplomatic Relations”

HYATT PLACE FRANKFURT AIRPORT OFFICIALLY OPENS

 Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Frankfurt Airport, marking the introduction of the Hyatt Place brand to Germany. Hyatt Place Frankfurt Airport joins six Hyatt Place hotels across Europe, including Hyatt Place London Heathrow AirportHyatt Place West London/HayesHyatt Place Amsterdam AirportHyatt Place Jermuk, and Hyatt Place Yerevan. The growth of the Hyatt Place brand in Europe highlights the growing importance of Hyatt’s select service properties across the region.

The Hyatt Place brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment.

“We are delighted to welcome guests to Hyatt Place Frankfurt Airport,” said Ines Bruenn, General Manager of Hyatt Place Frankfurt Airport. “The hotel has been designed specifically with our guests in mind, blending comfort with convenience. Our guests are constantly on the move, and we want to make sure our multitasking guests can easily accomplish what they need to do while on the road. We are confident that Hyatt Place Frankfurt Airport will help make our guests’ journey easier, more productive and successful.” Continue reading “HYATT PLACE FRANKFURT AIRPORT OFFICIALLY OPENS”