by admin | May 25, 2021 | Business Summit, Events, Investing, Islamic Banking, Muslim World, News
By Gokhan Ergocun,
Ankara: Turkey will host an exporters and investors summit on April 26-27.
The Islamic Development Bank (IDB) and Turk Eximbank will organize the event in the western Izmir city, according to a Tuesday statement.
“The IDB and Turkey’s lead lender for exports and imports, Turk Eximbank, have joined hands to bring in the country’s top-notch exporters and investors together,” the IDB said.
More than 300 Turkish private sector leaders, elite traders, industrialists, entrepreneurs, and investors will discuss past achievements, challenges, and opportunities ahead in the two-day summit.
Economy Minister Nihat Zeybekci, IDB’s president Bandar Hajjar and Turk Eximbank’s CEO Adnan Yildirim will give speeches on the opening day.
Also, panel discussions on various subjects of interest will be held.
Within the scope of the summit, investors, exporters, and contractors would explore how IDB and Turk Eximbank can provide support and assistance to boost Turkish exports and services in the world markets.
Turk Eximbank ranks second globally after South Korea’s Eximbank in terms of financing exports.
Since its establishment in 1987, the bank has implemented international credit, guarantee, and credit insurance programs aimed at developing economic and political ties between Turkey and other countries.
Turkey is a founding member of the IDB, which is an international Islamic financial institution — formally opened in 1975 — to foster the economic development and social progress of member countries and Muslim communities.
Since the establishment of the IDB, the bank has contributed more than $11.2 billion of funding to 483 projects in various sectors in Turkey such as infrastructure, agriculture, health, education, transport, energy, and trade.
—AA
by admin | May 25, 2021 | Business Summit, Events, Investing
Satish Mahana and Anup Chandra Pandey
Kolkata : The Uttar Pradesh government is expecting to sign MoUs worth Rs 1 lakh crore for investments during the upcoming investors’ summit scheduled to be held in February, an official said here on Friday.
“The MoUs worth Rs one lakh crore of investments are expected to be signed during the summit,” State Infrastructure and Industrial Development Commissioner Anup Chandra Pandey told reporters here after a road show for the investors’ summit, organised in association with CII.
He said the state has come out with an overall industrial policy and 14 sectoral policies including in textiles, civil aviation, IT, MSMEs, food processing and among others.
“There are some futuristic policies that are coming in the next 15 days and these policies will be in the areas of electric vehicle, logistic and warehousing, defence manufacturing and pharmaceuticals sector,” he said.
The state will shortly unveil electronic clearance system which would not require any human interface and the system will be up and running before the summit, Pandey said while addressing the potential investors in the road show here.
State Industrial Development Minister Satish Mahana said the has planned to organise a global road show after the summit which will be held in Lucknow February 21-22 and will be inaugurated by Prime Minister Narendra Modi.
The state agencies has land banks of 10,000 acres which are ready for giving possession to industries, Pandey said, adding the state has come out with a policy for “private land banks” because somebody might find it cheaper to buy land in comparison to acquiring land and giving compensation.
Inviting investors to join the summit, Mahana said the state has large chunks of land for large industries.
“We have large chunk of land and particularly in the side of the Yamuna Expressway we have the biggest chunk of land. By the both sides of express highways, we are in process to acquire or purchase land also on mutual understanding,” he said.
Pandey said the state officials met industrialists from Kolkata and got positive response from them.
“Companies like ITC has expressed interest in setting up a food park and solar park in the state. Srei group has expressed its desire to invest in urban infrastructure,” he said.
The state government had organised four road shows in Delhi, Bengaluru, Mumbai and Hyderabad to attract investments and after the Kolkata one, another road show would be held in Ahmedabad.
The state is focusing on logistic sector as the dedicated freight corridors -the Western Corridor running between Delhi-Mumbai and Eastern Corridor from Amritsar to Kolkata-lie in Uttar Pradesh.
“We are planning to develop a number of industrial integrated townships across the highways and these could be linked to these highways,” Pandey added.
As many as 15 airports are being developed in the state and under the regional air connectivity scheme, the state has guaranteed viability gap funding to the airlines for running flights in these routes, he said.
—IANS
