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A $100 billion infrastructure project to create a high tech manufacturing and freight corridor between New Delhi and Mumbai with a third of the money coming from Japanese public and private money will be announced this week during Japanese Prime Minister Abe's visit to India this week. Japanese investment in India is expected to rise from $515 million in 2006 to $5.5 billion in 2011. Lack of infrastructure has been a key constraint to investment in Indian manufacturing and this project hopes to address this problem. This would include airports, ports, and a high speed freignt line for the 1500 kilometres between New Delhi and Mumbai. CEO's from companies such as Toyota, Mitsubishi, Canon, Hitachi have joine a new Japan-India business leader forum. Toyota plans to increase manufacturing capacity to 600,000 in India by 2015. Japan played a major role in the rapid modernization of Korea, China, and now is likely to do so in India as well.

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IBM in the Indian IT services market. How it is winning buisness in the Indian telecom market. Latest addition Vodafone. It has Bharti Airtel and Idea Cellular. It has Delhi International Airport, Apollo Hospitals, and DLF. IBM plans to invest $6 billion to set up infrasructure, hire more employees and build up education and training.

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India moves ahead with the the purchase of $5 billion S-400 long range surface-to-air missile system from Russia durinf president Putin's visit to New Delhi. Delivery of 5 of the systems will take place over 2 years. India hopes to have a transaction specific waiver for the purchases as the U.S. is placing sanctions on defense purchases by countries from Russia. U.S. sanctioned China in September 2018 for its purchases of 25 Sukhoi jet fighters and S-400 missile systems from Russia.

India has set a goal of diversifying its arms purchases. From 79% of arms purchases sourced from Russia, the figure dropped to 62% in 2013-2017 compared to the preceding 5 year period.

India and Russia have set the goal of expanding bilateral trade from current $10 billion in 2017 to $25 billion  by 2025. 

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Ram Nath Kovind has 16 years of experience practicing law before the High Court of Delhi and the Supreme Court. In 2002 he represented India at the UN General Assembly. As Governor of Bihar since 2015 he has worked well with the Chief Minister Nitish Kumar and helped passage of the Lokyukta legislation. He is widely seen as a good choice. Remaining out of the spotlight he has stood up for Dalits by pointing out to members of his community that the Constitution provided Dalits with right to education and representation, which provided the means to give the next generation better opportunities in life. He got his first experience in public life as personal secretary to Moraji Desai in 1977, when Desai became prime minister and leader of the Janata government.

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This report in The Mint gives information on the extensive preparation for 5G in India including auctioning of 5G spectrum for 51,236 Mhz that was allocated to telecom service providers for 150,000 crore rupees. Jio bid 88,000 crore for half of the spectrum with Airtel Bharti bidding with Vodafone for the rest. The cumulative economic impact on transformation of India is expected to be $450 billion for India by 2035, according to the Ministry of Communications. PM Modi will be shown three different case studies of use in education and other fields. PM's vision is for India to develop 5G parallel to global standards and take the lead in 6G technology. Jio video case will show how a teacher in a school in Mumbai reaches out to students in Maharashtra, Gujarat and Odisha. The Airtel video will show how a girl in Uttar Pradesh learns about the solar system using 5G augmented reality. The Vodafone case will show how safety of workers in an underground construction tunnel of Delhi Metro can be maintained through creating a digital twin of the tunnel on the dias. The digital twin would help give safety alerts to workers from a remote location. Other demos include smart ambulances, health diagnostics, precision drone based farming, smart agri-programme and others. ...

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Which European port is at the center of Europe's wind energy project. Answer: Esbjerg, Denmark. On May 18, 2022 the heads of state of Denmark, Germany, Netherlands, and Belgium came together to sign the Declaration of Esbjerg. Together the countries want to increase wind energy production in the North Sea to 65 gigawatts (GW) by 2030 and rising to 150 GW by 2050. Esbjerg is one of the few ports in Europe and the key port serving the offshore wind industry. Industry leaders Vestas and Siemens Gamesa ship wind turbines from here, and Orsted provides spare parts that weigh several tons.  German ports such as Bremerhaven lack the infrastructure and it is tied up in disputes ending up in court. Dutch port of Eemshaven is much smaller. The harbor was recently expanded in Esbjerg by 0.5 million square metres to 4.5 million square metres or 45 million square feet. Environment groups are also part of this and there is no dissent in the planning. Here are some useful facts on wind power- Environment cost is 70 times less than that of coal fired power according to Germany's Federal Environment Agency. Within 3  to 11 months wind turbines generate the energy required to build them. No CO2 is produced in the electricity generation process but they do alter the landscape. The future of wind power giants is in the sea where the wind is reliable and strong. One such modern turbine can have an output of 10 to 15 thousand kilowatts to provide electricity for 40,000 people. Pioneers in wind energy are Denmark and Germany. Denmark gets 50% of its energy from wind power, for Germany this is 25%. Jobs are generated installing and operating these wind energy turbines. 1.3 million people are employed in it today. With additional wind propulsion energy consumption of freighters carrying most of the world's freight would be reduced by 30%. Wind and photovoltaic solar can combine for providing most of India's energy because of its sea coastline and having a lot of sun. To get an idea of what is doable in India - in Germany 41% of electricity demand is met from renewables mostly solar and wind. German farmers get 25% of their income from solar energy. Where Germany lags is in use of renewables for transport which falls to about 9% and for heating and cooling where it is about 18%, and it is making great strides to correct this. A big change is technology and how people use transport (more train than airline or automobiles), which will change the entire picture of how energy is created and used in the future. Energiewende the  term for this change is only beginning to take place with urgency in Germany in 2022. India needs to work closely with Denmark and Germany to stay in front of these developments.   ...

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Next to Uttar Pradesh 242 million population adjacent Bihar with 128 million is decisive in Indian parliament elections since 1947- 2025 state elections show BJP NDA (Modi) sweeping win with over 203 of 243. Assembly seats. Unknown to most of the world is that this region is the birthplace of Buddhist civilization and culture, that later was part of Asian culture and civilization as it spread to China and Japan. Modi plans to add to Nalanda and other seats of Buddhist ancient universities on the world map with UNESCO listings.  The Indian economy needs 15-20 years of stable government dedicated to rapid accelerated growth with full access to US and EU technologies and capital to catch up with China, the US and EU. The road to this starts with 5 regions- northcentral  region Gujarat/Rajasthan/Madhya Pradesh  (99 seats), west central region Maharashtra (48 seats), northern region Uttar Pradesh (80 seats), Haryana and Delhi region (17 seats) and Eastern region Bihar (40 seats) which together provide  seats in Indian parliament  284 seats out of total of 543 seats in the Indian parliament. For the first time with the win in Bihar the Modi government is now within reach of this goal of being able to govern in a democracy for next 15 years by delivering on infrastructure, cost of living and rapid industrialization and growth of the economy similar to Japan's and China's growth since 1950. The LDP delivered this in Japan, the CCP in China and the NDA under Modi is in the same position today. ...

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Sri Lankan Foreign Minister Ali Sabry is interviewed by The Hindu. Ali Sabry says he is "very, very confident" about the Adani Group's investments in Sri Lanka's renewable energy potential, and any drop in Adani stock value is not affecting the projects. Sabry says the Adani Group is already investing in its projects, which include the $700 million Colombo West Container Port Project. He met with India's Foreign Minister S. Jaishankar in New Delhi at the Raisina Dialogue Conference. He was asked about his role as Foreign Minister after working as Finance Minister.  "It is still a mix of both, as I still have to carry out some of the responsibilities in debt restructuring and economic diplomacy, because the President is the finance minister, and naturally he cannot travel as often as we would like." "We are not out of the woods but stabilized right now, and what we are looking at next is recovery, for which we need investment. So right now, what we are interested in with India is how to collaborate and how to integrate with the Indian economy, particularly with South India, in terms of investment, people to people connection, more tourists coming in. So that's the kind of thing it is it's a win win situation for all." ...

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After a sudden surge in the beginning of May the coronavirus wave in India, its second wave, is decreasing. It is 186,000 new coronavirus cases on May 27, down from over 350,000 at the peak. In India's largest state Uttar Pradesh with a population of 210 million the coronavirus cases have dropped sharply to 4000 a day. New coronavirus cases in Delhi and Bombay are around 1000 a day. The Indian government has moved quickly to tackle this wave with decisive action to meet the sudden surge in May 2021. For the rest of 2021 and into 2022 the most important action by the Indian government has been to create a government sponsored effort of India's entire pharmaceutical company sector to reunite in production of over 2 billion vaccine doses by December 2021. After independence in 1947 one of the steps taken by India with great foresight was to create a strong pharmaceutical sector with fair and transparent pricing of basic drugs and vaccines. Something that does not exist in this manner and scale anywhere else in the world. Today this is giving India a tremendous asset in the fight against coronavirus. India is already the largest producer of vaccines in the world, the new effort will make give it a decisive advantage in meeting not only India's but the world's need for new vaccines. ...

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France's high speed train network SNCF and its new trains TGV m are the focus of French Connections series in FR24. It is a great success for France as it connects 230 cities across France and decentralizes the country making remote areas reachable in hours. 770 kms Paris Marseille is covered in 3 hours. It has transported about 3 billion passengers since its founding in 1981 under Francois Mitterand. 122 million people traveled on TGV trains in 2023, and this is increasing by 20% a year. The trains travel at 350 kilometers an hour and are capable of over 500 kms per hour. For countries like India this is very useful to know as the first bullet trains based on Japanese technology are being built for route Bombay- Ahmedabad- Jaipur- Delhi. It shows that if it worked so well in France it can work well in the US or India. In India it could transport many times the 122 million in France and connect remote regions exceeding 1000 kms. Madras Srinagar is 3000 kms or 1900 miles. Imagine this being done in 7 hours at 400 kms per hour. It would really decentralize India. Same for the US for Austin Texas to Boston Massachusetts 1600 miles in 7 hours. It would better integrate communities in the US that are far apart socially.   ...

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Adriana Kugler a Labor economist at Georgetown is president Biden's nominee for the Federal Reserve Board. In 2021 she was nominated as Executive Director at the World Bank. Her work is on how labor and social policies can improve the lives of working people, help create jobs, and help the less well off get education and training. Asked about Biden nominating labor economists to top jobs she says-"This is the key issue of our time. This is what we need to fix." As the first Latina in this position at the World Bank, Kugler who is a Colombian-American says, "they view me differently," and have a sense of being heard by someone who understands what it is like ot grow up in a developing country.

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For an institution the size of the World Bank at a time when most of the developing world is suffering from debt burden and climate change, the skepticism on climate change of its head David Malpass was coming under heavy criticism from the Biden White House. He was appointed by president Trump in 2019. He resigned today. 

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Additional funding of $100 billion is proposed for the World Bank to meet the needs of Africa, and other countries in Latin America and Asia. These needs are for climate change investments, renewable energy, and for health and education that has suffered as debt repayments have increased with higher interest rates, putting 52 countries near default on debt. The US with 16% of the shares in World Bank would contribute $3.2 billion for this to happen.

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WSJ interview with Narendra Modi before he meets Joe Biden at the White House. This interview talks about India seeking larger role in world affairs, about Indian democracy. Seen from inside India the perspective is different. India is at the same stage where China was in 1990-2000 with the rising aspirations of a billion people, Japan in the Meiji period in 1900. It is all about jobs, investment, technologies and manufacturing on a scale that surpasses China in that period with newer technologies to meet the rising aspirations of 1.4 billion people. China's trade with the US was three times higher than the Indian trade with the US in 2022, India desperately wants to catch up and fast. The Danish ambassador to India was asked what he saw in India today and he said it was the rising confidence of people that struck him most. The digitalization that has changed the way government benefits are provided to 1.4 billion people and opened bank accounts for all, provided delivery of services to all parts of the population. The infrastructure that is being built at breakneck pace, and new colleges and universities expanding access to quality education, healthcare.   ...

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The Bharatiya Janta Party wins state elections in Madhya Pradesh and Rajasthan, two large states in the north and central part of the country. The Aadmi Common Man party does well in New Delhi elections. The Congress party sees a large loss of seats in all three major election states. The ruling national Congress party sees its support erode as a result of corruption and mismanagement of the economy, and younger voters dissatisfied with the party.

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Price of Basmati rice used widely by India's growing middle class and also by Iran and mideast countries has gone up by 200%. In markets in Delhi it goes for Rs 90 a kilorgram up from Rs 35 a kilogram in Jan 2006.