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Business News | Karnataka Minister MB Patil Led Delegation to Leave Tomorrow for World Economic Forum's Annual Meet in Switzerland | LatestLY

www.latestly.com 13-01-2024 05:20 2 Minutes reading
Bengaluru (Karnataka) [India], January 13 (ANI): A high-level delegation led by Karnataka Heavy and Medium Industries Minister MB Patil will on Sunday leave to attend the "World Economic Forum-2024" Annual Meet scheduled to be held in Davos, Switzerland from January 15 to 19. This delegation having "Innovation Will Impact" as its theme comprises Additional Chief Secretary to the Chief Minister LK Athiq, Secretary ITBT Ekarup Kaur, Principal Secretary Department of Commerce & Industry Dr. S Selvakumar, Commissioner of Commerce & Industries Gunjan Krishna and CEO of Karnataka Industrial Area Development Board (KIADB) Mahesh among others, as per an official release. Also Read | Prabha Atre Dies: Renowned Classical Singer Passes Away at 91; President Droupadi Murmu, PM Narendra Modi Mourn. MB Patil on Saturday said that during the meeting, we will draw the attention of businessmen from the world over to the Karnataka government's business-friendly policies, evolved ecosystem, potential areas for investment, availability of human resources, priority to imbibe skills among students, and efficient single window system. "The government aims to develop Karnataka as the leading manufacturing hub in Asia. In addition, we are focussing on areas such as semiconductors, electric automotive, space and defence, clean energy, research and development and artificial intelligence. Keeping this in mind, we aim to attract more investment and to achieve collaborations" he added, as per the release. Also Read | Lohri 2024 Date: Is Lohri on January 13 or 14 This Year? Know All About the Harvest Festival of Punjab. The World Economic Forum is an international non-governmental organisation for public-private sector collaboration based in Cologny, Switzerland. The 54th Annual Meeting of the World Economic Forum will provide space to focus on the fundamental principles driving trust, including transparency, consistency and accountability, as per the forum's official website. This annual meeting will welcome over 100 governments, all major international organisations, 1000 forum's partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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World News | Molasses Makers in Nepal Under Pressure Due to Short Preparation Wi...

Kathmandu [Nepal], January 13 (ANI): Restless hands, boiling lumps of sugar, and its aroma always linger in the air around the ancient city of Tokha these days, as it has been the sole supplier of the molasses locally called "Chaku" for years. Workers preparing molasses this year are under pressure to maintain the supply of enough "Chaku" in the market, as they had relatively less time to prepare and dispatch it to the market. Demand for the confectionary has already risen in the market with the arrival of Maghe Sankranti, the festival of Chaku. Also Read | Japan: Crack Found on Cockpit Window of ANA Boeing 737-800 Aircraft Mid-Air, Plane Safely Lands at Sapporo-New Chitose Airport. Buddha Shrestha, an entrepreneur at Tokha, told ANI, "Demands for Chaku (molasses) are rising year by year. The season is quite short this year, because of which we fear that we won't be able to tap into the supply as per demand. We are making efforts to pump on enough produce for the market but we are not able to supply enough amount of Chaku as per the demand of the market." Shrestha added that the production of Chaku in the ancient town started late by about 10 days this year in comparison to the previous ones. Also Read | UK Shocker: Mother, Her Ex-Partner Kill 18-Month-Old Boy in 'Cruel and Brutal' Attack, Jailed For Life. "In previous years we used to start producing Chaku in high volume from mid-November but this year we started late from the first week of December. The demand of Chaku increases when the Newa: a community of Kathmandu Valley devour themselves celebrating Yo:mari Punhi and the festival as per the lunar calendar started late which gave us a window of 19 days to prepare enough Chaku for the Maghe Sakranti. In the earlier years we used to have about a month to prepare and supply enough to the market but this year the season is short which has resulted in low supply," Shrestha explained. The Newa, a community of Kathmandu valley consume a high volume of Chaku- confectionery made from concentrated sugarcane juice, jaggery, ghee and nuts which holds significance on the Maghe Sankranti- the first day of the 10th month as per the Lunar calendar. This process involves melting jaggery, stirring it continuously and then cooling it in clay pots. It is then whipped, slapped, and stretched until it turns dark brown. The confectionery is then weighed, topped with nuts, and packaged. The whole process takes two to three hours. "Consuming Chaku would regulate body temperature. It increases warmth in a person's body as well as plays a role in producing milk for breastfeeding. Women can take benefit through its consumption," Rahul Shrestha, another entrepreneur briefed about its major health benefit. As many as 1100 grams of sugar lumps, 'Bheli', are needed to prepare one kilogram of molasses and the producers only can make a profit of Rs 15-20 through the sales. The business of making molasses is seasonal and functions full-fledged for 2 months in a year. The rest of the time entrepreneurs...

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