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Prime Minister Narendra Modi emphasized the pivotal role of the aviation sector in making India the world’s fastest-growing economy, during his address at the Asia-Pacific Ministerial Conference on Civil Aviation in New Delhi. He highlighted how the sector is fostering connections between people, culture, and economic prosperity.

PM Modi noted that India’s aviation sector is witnessing rapid transformation, fueled by a growing middle class and rising demand for air travel. Over the past decade, the nation has transitioned from being aviation-exclusive to aviation-inclusive, enhancing ease of travel and boosting regional connectivity.

The Prime Minister also praised the contribution of women to this transformation, stating that about 15% of pilots in India are women, reflecting the government’s commitment to women-led development. He introduced the concept of “Vertiports,” a futuristic model for urban air travel, and predicted that air taxis would soon become a reality in India.

PM Modi announced the adoption of the “Delhi Declaration,” a visionary plan aimed at enhancing regional connectivity, innovation, and sustainable growth in aviation. To commemorate the 80th anniversary of the International Civil Aviation Organization (ICAO), 80,000 trees will be planted as part of the conference’s celebration.

The Prime Minister expressed optimism for the future of advanced air mobility and the continued growth of India’s aviation sector.

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In its much-anticipated ‘It’s Glowtime’ event, Apple is set to unveil the iPhone 16 series, and while the tech giant remains tight-lipped about the specifics, rumors and leaks have painted a vivid picture of what we can expect. With new design updates, a more powerful chipset, and exciting camera enhancements, the iPhone 16 is already shaping up to be one of the most talked-about devices of the year. Let’s dive into the potential features and upgrades Apple’s latest flagship series could bring to the table.

iPhone 16 Pricing in India: What to Expect

According to insights from a popular tipster, Apple Hub, the iPhone 16 and iPhone 16 Plus are rumored to maintain their predecessor’s pricing at $799 and $899 for the 128GB variants. This is welcome news for consumers who were bracing for a price hike. With India’s recent excise duty reduction on mobile phones, Indian buyers could see an even more attractive price point for the iPhone 16 series. To put it in perspective, the iPhone 15 launched at ₹79,990 in India, and we might see similar or lower prices this year.

A New Look: iPhone 16 Design Upgrades

Apple is shaking things up on the design front by reintroducing a vertical camera layout—a nod to the iPhone X and iPhone 12. This design tweak isn’t just for aesthetics; it’s intended to improve the device’s ability to capture spatial video, a feature Apple is betting big on.

In another notable change, the iPhone 16 series is rumored to ditch the traditional mute button in favor of the Action Button, first introduced in last year’s iPhone 15 Pro models. This multi-functional button is expected to offer users more control, from launching the camera to activating shortcuts. To sweeten the deal, Apple may also introduce a Capture button for video recording, zoom adjustments, and focus control, making video shoots even more intuitive.

Colors are getting a refresh as well. The standard iPhone 16 model will likely be offered in five vibrant hues—black, green, pink, blue, and white. However, if you were a fan of the yellow or older blue variants, you might have to say goodbye, as these shades are rumored to be discontinued.

Under the Hood: The iPhone 16 Processor and Performance

Apple’s commitment to AI advancements could take center stage with the A18 chipset, rumored to power the entire iPhone 16 lineup. This new processor is expected to boost the iPhone’s ability to handle AI tasks seamlessly on-device. While the standard models may share the same chipset as the Pro versions, the latter could boast superior GPU performance and a higher clock speed, making them more appealing to power users.

Additionally, the iPhone 16 series is expected to feature an upgrade in RAM, moving from 6GB to 8GB, which should further enhance the overall performance and multitasking capabilities of these devices.

Picture-Perfect Moments: The iPhone 16 Camera

Camera performance has always been a crucial selling point for Apple, and the iPhone 16 series will continue this tradition. Both the iPhone 16 and iPhone 16 Plus will reportedly feature a 48MP primary camera with a f/1.6 aperture and 2x optical telephoto zoom. While the ultra-wide-angle lens remains similar to last year’s model, it will receive a slight upgrade with a f/2.2 aperture, allowing more light into the sensor, particularly benefiting low-light photography.

In a first for Apple’s standard models, the iPhone 16 is rumored to introduce macro photography support, further enhancing the versatility of its camera system. This addition could be a game-changer for those who love capturing close-up details with stunning clarity.

Display and Price: Same Size, New Technology

Apple is sticking with the tried-and-true 6.1-inch and 6.7-inch OLED displays for the iPhone 16 and iPhone 16 Plus. Both models are expected to have a 60Hz refresh rate, which might disappoint some tech enthusiasts hoping for a jump to 120Hz. However, reports suggest that Apple could be using micro-lens technology to increase brightness and reduce power consumption, making these displays more efficient.

With prices starting at around $800, Apple seems to be keeping the iPhone 16 series within the same price range as the iPhone 15, making it more accessible to those looking for cutting-edge technology without breaking the bank.

Final Thoughts: The Future of the iPhone

While we await the official unveiling at the ‘It’s Glowtime’ event, it’s clear that Apple is once again pushing the envelope with the iPhone 16 series. From design enhancements to AI-driven performance and powerful cameras, the latest iPhone lineup promises to deliver a top-tier user experience. Whether you’re a casual user or a tech enthusiast, the iPhone 16 is set to impress with its thoughtful upgrades and innovative features.

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In a significant stride toward reshaping India’s financial landscape, Jio Financial Services Ltd. is rapidly advancing its joint venture with BlackRock, the world’s largest asset manager. This partnership, which was first announced in July 2023, aims to revolutionize asset management in India by combining Jio’s deep understanding of the local market with BlackRock’s global expertise.

At the company’s first annual general meeting (AGM) post-listing, Hitesh Sethia, Managing Director and CEO of Jio Financial Services, shared exciting updates about the venture. He confirmed that key leadership positions have been filled, and the company’s cutting-edge technology infrastructure is being finalized. “We are hopeful of receiving the necessary approvals for this business from the regulator at the appropriate time, and commencing operations thereafter,” Sethia stated confidently.

A Game-Changing Partnership

This collaboration between Jio Financial and BlackRock is set to introduce a suite of world-class financial products to the Indian market, including mutual funds, wealth management services, and broking. As household savings in India are increasingly financialized, this venture is poised to meet the growing demand for sophisticated investment solutions. “Our understanding of the Indian market and consumer, and distribution reach; coupled with BlackRock’s renowned expertise in asset management will help us bring world-class investment products to Indians,” said Sethia, highlighting the strategic importance of this partnership.

The venture builds on a broader vision that began with Jio’s demerger from its financial services businesses in August 2023 and subsequent approval from the Reserve Bank of India (RBI) in July 2024 to convert into a Core Investment Company (CIC). The expanded partnership, announced in April 2024, now encompasses wealth management and broking services, further solidifying Jio Financial’s position as a formidable player in the industry.

Tech-Driven Transformation

What truly sets Jio Financial apart is its commitment to leveraging advanced technology as a cornerstone of its operations. As a digital-first financial services institution, Jio Financial has successfully implemented a modular, scalable, and cloud-first technology stack that provides significant cost advantages. “Our tech backbone will support our distribution approach, which will be direct to customer, digital or at the point of sale embedded in the customer journey,” Sethia explained. This approach not only enhances operational efficiency but also ensures that the company can adapt swiftly to market changes and customer needs.

Data analytics is another critical component of Jio Financial’s strategy. By harnessing data from credit bureaus, account aggregators, and other sources, the company aims to offer personalized financial products and services that resonate with the modern consumer.

A Promising Start and a Bright Future

Since its launch in May 2024, the Jio Finance application has already surpassed one million downloads—a testament to the strong consumer interest in Jio Financial’s offerings. The app currently provides a range of services, including loans on mutual funds, savings accounts, UPI bill payments, digital insurance, and recharges. And this is just the beginning. Sethia hinted at the imminent addition of more products, which will further expand Jio Financial’s reach and influence.

At the core of Jio Financial’s business model are four pillars: borrow, transact, invest, and protect. These pillars encompass a wide array of services, from lending and leasing to payment solutions, insurance broking, mutual funds, wealth management, and broking services. By addressing every aspect of financial services, Jio Financial is well-positioned to become a one-stop solution for the diverse financial needs of Indian consumers.

Conclusion

As Jio Financial Services continues to build on its robust technology platform and deepen its partnership with BlackRock, it is poised to transform the financial services landscape in India. With a keen focus on innovation, customer-centricity, and strategic collaboration, Jio Financial is not just entering the market—it’s leading the charge into a new era of financial services in India.

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In a stunning turn of events, Pavel Durov, the founder and CEO of the popular messaging app Telegram, was arrested in Paris over the weekend. The arrest, stemming from allegations that Telegram has been used for illicit activities such as drug trafficking and the distribution of child sexual abuse material, has sent shockwaves through the tech world and beyond. As the situation unfolds, questions about the balance between digital privacy and responsibility are once again in the spotlight.

The Arrest That Shook the Tech World

Pavel Durov, a Russian-born entrepreneur with a storied past, was detained at Paris-Le Bourget Airport after landing from Azerbaijan. Durov’s arrest, based on a warrant alleging the misuse of his platform for illegal activities, has sparked a heated debate about the responsibilities of tech companies in policing content on their platforms. Despite the allegations, Durov has yet to be charged, and details about the investigation remain scarce.

Telegram, known for its large group chats and encrypted messaging, has been both lauded and criticized for its approach to privacy. Unlike some of its rivals, Telegram’s encryption is not enabled by default, and it does not apply to group chats. This has raised concerns about the platform’s potential to be used for spreading misinformation and conducting illegal activities. Despite these concerns, Telegram boasts more than 950 million active users worldwide, making it one of the most widely used messaging apps.

Durov’s Digital Odyssey: From VKontakte to Telegram

Before founding Telegram, Durov was the mastermind behind VKontakte, Russia’s largest social network. However, his refusal to comply with government demands to censor opposition voices and hand over user data during political unrest in Ukraine led to intense pressure from Russian authorities. In 2014, Durov sold his stake in VKontakte and left Russia, eventually founding Telegram as a platform dedicated to privacy and free speech. Today, Telegram is based in Dubai, a location Durov has described as ideal for maintaining the platform’s neutrality.

The Broader Implications: Privacy vs. Responsibility

The arrest has also ignited a broader discussion about the role of tech companies in moderating content. Western governments, including Germany, have previously criticized Telegram for its lack of content moderation, with Germany even issuing fines for the platform’s failure to comply with local laws. Critics argue that Telegram’s relatively lax approach makes it a haven for illegal activities, including money laundering and the exploitation of minors.

David Thiel, a researcher at Stanford University’s Internet Observatory, points out that while platforms like WhatsApp actively report illegal content, Telegram appears largely unresponsive to law enforcement requests. This perceived lack of cooperation has only heightened concerns about the platform’s role in enabling criminal activities.

A Global Outcry and a Divided Response

Durov’s arrest has drawn mixed reactions from around the world. In Russia, government officials have expressed outrage, with some viewing the arrest as politically motivated. This is particularly ironic given that Russian authorities themselves tried to ban Telegram in 2018, only to lift the ban two years later after it proved ineffective. Meanwhile, Elon Musk, the billionaire owner of X, has voiced his support for Durov, tweeting “#freePavel” and aligning himself with those who see the arrest as an attack on free speech.

In a statement following the arrest, Telegram reiterated its commitment to adhering to EU laws and improving its content moderation practices. The company defended its platform, arguing that holding the platform or its founder accountable for user actions is “absurd.” Telegram’s statement also emphasized the platform’s global user base and its role as a critical communication tool, particularly in regions where free speech is under threat.

What’s Next for Telegram and Pavel Durov?

As Durov remains in custody, the tech world watches closely. Under French law, Durov can be detained for up to four days before a decision is made to either charge him or release him. The outcome of this case could have significant implications not only for Durov and Telegram but for the broader debate over digital privacy and the responsibilities of tech companies.

For now, Telegram’s future—and the future of its users—hangs in the balance as the world waits to see how this high-stakes drama will unfold. Will this be a turning point for Telegram, leading to stricter content moderation, or will it reaffirm the platform’s commitment to privacy at all costs? Only time will tell.

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New Delhi (August 24, 2024) — The World Environment Council successfully hosted its highly anticipated Online ESG Conference on “The Future of ESG: Trends and Innovations,” bringing together global experts, industry leaders, and students to explore the evolving landscape of Environmental, Social, and Governance (ESG) practices. The event took place on August 24, 2024, from 7:00 PM to 9:00 PM IST and was attended by participants from various corners of the world.

The conference was opened by Shri. Prof. Ganesh Channa, Founder and President of the World Environment Council, who delivered the opening remarks, warmly welcoming attendees and setting the tone for the insightful discussions that followed. Mr. Puneet Trehan, Sr. Manager of ESG & Sustainability, served as the host for the event, ensuring a smooth flow of the proceedings.

The keynote address sessions featured distinguished speakers who shared their expertise on various aspects of ESG:

  • Ludwig Oscuro Federigan, EMDRCM, CBP delivered a compelling keynote on “The Evolution of ESG: Past, Present, and Future,” highlighting the transformative journey of ESG practices.
  • Dr. Sukh Dev Singh, IFS presented on “Environmental Initiatives for the Sustainability of ESG,” emphasizing the critical role of environmental stewardship in sustainable ESG frameworks.
  • Ms. Puneeta Puri, Executive Director of the Indian ESG Network, provided an in-depth analysis of the “ESG Landscape in India,” shedding light on the unique challenges and opportunities within the country.
  • Mr. Avadhani Venkat, Partner at Sustina Eco Advisors, spoke on “Human Behavior and Net Zero Goals,” exploring the behavioral shifts required to achieve ambitious environmental targets.
  • Mr. Mukesh Malik, CEO of ProjectGK, concluded the series with a thought-provoking address on “The ESG Relationship with Information Technology,” exploring the intersection of technology and sustainability.

The event concluded with a heartfelt note of thanks from the World Environment Council, expressing gratitude to all the speakers, the host, and the global audience, including ESG experts and students, for their active participation and engagement. The Council emphasized the importance of staying informed and connected in the rapidly evolving field of ESG, as it continues to play a crucial role in shaping sustainable business practices worldwide.

This conference marks another significant milestone for the World Environment Council in its mission to promote sustainability and responsible governance across the globe.

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In a landmark legal battle that has put Google’s dominance under intense scrutiny, Judge James Donato has taken a firm stance against the tech giant, vowing to dismantle its monopolistic grip on the Android app ecosystem. This decision comes eight months after a federal jury unanimously found Google’s Android app store to be an illegal monopoly in the high-profile case of Epic Games vs. Google. Now, as Judge Donato prepares to issue his final ruling, the tech world is bracing for what could be a seismic shift in the mobile app market.

During the final hearing, Judge Donato made it clear that the status quo would not stand. “We are going to break down the barriers, that’s how it’s going to happen,” he declared, signaling a bold move toward opening up Google’s tightly controlled Play Store to rival app stores. This shift could empower Android users to choose whether they want Google or another company to manage their applications, potentially altering the landscape of mobile technology as we know it.

The case has been a long and contentious one, with Epic Games pushing for a more open and competitive app marketplace. Their victory in December was just the beginning; the real challenge has been determining how to undo the damage caused by Google’s monopolistic practices. Epic has proposed that Google be forced to allow rival stores to operate within the Google Play Store and to give these competitors access to all Google Play apps—a move that would significantly level the playing field.

Interestingly, both parties agreed in today’s hearing that opening the Play Store to competition is feasible, though they debated the time and cost required to implement such changes. Judge Donato, however, dismissed concerns about the difficulty of the task, emphasizing that “the world that exists today is the result of monopolistic behavior. That world is changing.”

Rather than dictating every detail of the remedy, Judge Donato has decided to take a more hands-off approach. He will establish a “technical compliance and oversight committee” composed of representatives from both Epic and Google, along with a neutral third party. This committee will be tasked with ironing out the technical details and reporting back to the court every 90 days.

As the mobile world watches closely, many are wondering: Is this the beginning of a new era in app distribution? Will we see a more open, competitive marketplace where innovation thrives and consumers have real choices? Only time will tell, but one thing is certain: Judge Donato’s ruling could reshape the future of mobile technology, breaking down the barriers that have long favored the few at the expense of the many.

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In a move that bodes well for the real estate sector, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the ninth consecutive time. This decision, announced on August 8, aligns seamlessly with the recent announcement on August 7 regarding indexation benefits on the sale of property, offering a double boost to the real estate market.

The RBI’s choice to maintain the current policy rate offers much-needed stability to the housing market, particularly at a time when food inflation remains a concern. With the repo rate holding steady, home loan EMIs will remain manageable for both current and prospective homeowners, a development that could drive an uptick in home sales, especially in the price-sensitive affordable housing segment.

“The monetary policy committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains at 6.25%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%,” said RBI Governor Shaktikanta Das during the policy announcement.

Real estate experts are optimistic about the potential impact of this decision. Anuj Puri, Chairman of ANAROCK Group, noted, “Maintaining interest rates offers consistency in borrowing costs, which will prompt more aspiring homebuyers to consider taking the plunge—thus driving demand in the housing market. With interest rates staying steady, EMIs will remain manageable, potentially leading to increased home sales.”

The RBI’s decision also coincides with the recent announcement of indexation benefits, which is expected to have a positive impact on the property market. The indexation benefits allow for adjustments to the purchase price, taking inflation into account, which in turn reduces capital gains tax upon the sale of property. This tax advantage makes real estate investments more appealing, further spurring demand and capital flow into the housing sector.

Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, emphasized the significance of the RBI’s steady approach: “The RBI’s intention in keeping rates unchanged is to ensure a stable interest rate environment and price stability, which is crucial for sustained growth. However, future rate cuts in India will primarily be influenced by domestic factors.”

Looking ahead, experts believe that the sentiment in the real estate sector is likely to remain positive throughout the upcoming festive season. The combination of stable interest rates and recent government initiatives, such as the rationalization of stamp duty charges and concessions for women homebuyers, is expected to further support this momentum.

Vimal Nadar, Senior Director and Head of Research at Colliers India, remarked, “Strong visibility in financing charges should help homebuyers and developers alike in the upcoming festive season. The partial withdrawal of the applicability of the revised LTCG tax arising out of the sale of land and buildings retrospectively provides elbow room to affect housing sales with minimal tax outgo. This is likely to buoy investor and homeowner sentiment, benefiting the real estate sector at large.”

Real estate developers have welcomed the RBI’s decision, viewing it as a positive signal for the industry. G Hari Babu, National President of NAREDCO, expressed confidence in the stable environment created by the unchanged repo rate and the RBI’s forecast of 7.2% GDP growth for FY25. “With steady borrowing costs, home loans become more affordable, which is likely to boost demand in the housing market, especially during the upcoming festive season,” he said.

The RBI’s balanced approach to economic management, amidst global economic uncertainties, has reassured investors and provided a stable backdrop for the real estate sector to thrive. As the festive season approaches, the current status quo on the repo rate is expected to further support the momentum in the housing market, creating a conducive environment for both homebuyers and developers.

In conclusion, the RBI’s decision to keep the repo rate steady is a welcome development for the real estate sector, offering stability and predictability in borrowing costs. Combined with recent government initiatives, this move is likely to boost demand in the housing market, particularly in the affordable segment, and position real estate as a strong avenue for long-term wealth growth.

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In a promising development for the domestic IT sector, leading Indian companies such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies Ltd, and Tech Mahindra are in the spotlight following Microsoft’s robust Q4 performance. Microsoft’s revenue slightly surpassed US analyst estimates, with its operating margin aligning closely with Wall Street expectations. The tech giant hinted at increased infrastructure investments in FY25, aiming to meet the rising demand for its AI and cloud products.

Under the leadership of Satya Nadella, Microsoft projected a Q1FY25 revenue growth of 13.5-15.3% year-over-year (YoY), driven by an impressive 19.2-20.5% YoY growth in its Intelligent Cloud segment. This growth is further bolstered by a remarkable 28-29% constant currency (CC) YoY increase in Azure.

Nuvama Institutional Equities observed that Microsoft’s Azure business has been accelerating for five consecutive quarters, a significant turnaround after experiencing a six-quarter deceleration. “AI contributed 8% to Azure growth, and the overall pickup in cloud services is encouraging, signaling positive prospects for Indian IT services companies. We anticipate a surge in cloud spending in FY25, following a modest FY24, leading to higher overall growth,” Nuvama stated.

For the quarter, Microsoft reported revenue of $64.7 billion, marking a 16% YoY increase in CC terms. The Intelligent Cloud segment emerged as the fastest-growing area, with its revenue surging 20% YoY in CC to $28.5 billion, meeting the company’s guidance. Notably, Azure’s revenue grew by 30% CC YoY, including 800 basis points from AI services.

Microsoft’s management highlighted that the Azure consumption business is outpacing the overall Azure growth. The number of Azure AI customers has risen by 60% YoY, with the company now boasting over 60,000 Azure AI customers. The demand for Azure continues to exceed the available capacity, underscoring the platform’s robust market position.

“Productivity and business process revenue reached $20.3 billion, up 12% CC YoY. Office consumer revenue grew by 4% CC YoY, driven by sustained momentum in Microsoft 365 subscriptions, while Office commercial licensing saw a 7% CC YoY decline due to the ongoing shift to cloud offerings,” Microsoft reported.

The positive outlook for Microsoft’s cloud and AI segments bodes well for Indian IT giants, suggesting a fertile ground for growth as global demand for these technologies continues to rise. The increased investment in infrastructure and the steady rise in Azure’s customer base highlight a thriving market landscape, promising significant opportunities for Indian IT service providers in the coming fiscal year.

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Meta, the parent company of Facebook, has launched a new collection of large AI models, including Llama 3.1 405B, touted as the “first frontier-level open-source AI model.” This development marks a significant shift in the ongoing battle between open- and closed-source AI, with Meta firmly advocating for the benefits of open-source AI.

The Battle of Open-Source vs. Closed-Source AI

The AI industry is divided into two camps: those who keep their datasets and algorithms private (closed-source) and those who make them publicly accessible (open-source). Closed-source AI models, such as OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude, protect intellectual property but lack transparency and public trust. Open-source AI, on the other hand, promotes innovation, accountability, and collaboration by making code and datasets available to all.

Why Open-Source AI is Crucial

Meta’s commitment to open-source AI is a significant step towards democratizing AI. By making models like Llama 3.1 405B accessible, Meta is fostering an environment where innovation can thrive through community collaboration. This transparency allows for the identification of biases and vulnerabilities, which is crucial for ethical AI development.

Open-source AI also benefits small and medium-sized enterprises, which often lack the resources to develop large AI models from scratch. With access to powerful models like Llama 3.1 405B, these organizations can compete on a more level playing field.

The Risks and Ethical Concerns

While open-source AI has many advantages, it also poses risks. The open nature of the code and data can lead to quality control issues and potential misuse by malicious actors. Ensuring that open-source AI is developed and used responsibly requires robust governance and ethical frameworks.

Meta as a Pioneer in Open-Source AI

Meta’s release of Llama 3.1 405B represents a commitment to advancing AI in a way that benefits humanity. Although the model’s dataset has not been fully disclosed, its open-source nature still levels the playing field for researchers and smaller organizations.

Shaping the Future of AI

To ensure that AI development remains inclusive and beneficial, we need to focus on three key pillars:

  1. Governance: Establishing regulatory and ethical frameworks to ensure responsible AI development.
  2. Accessibility: Providing affordable computing resources and user-friendly tools for developers.
  3. Openness: Ensuring datasets and algorithms are open source for transparency and collaboration.

Achieving these goals requires a concerted effort from governments, industry, academia, and the public. The public can support this by advocating for ethical AI policies, staying informed about AI developments, and using AI responsibly.

Meta’s launch of the largest open-source AI model is a significant step towards democratizing AI and ensuring it serves the greater good. However, we must address the ethical and practical challenges associated with open-source AI to create a future where AI is an inclusive tool for all. The future of AI is in our hands, and it is up to us to ensure it is used responsibly and ethically.

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New Delhi,1st August 2024: The 11th New Delhi edition of Gartex Texprocess India commenced today with a grand opening at the state-of-the-art expo centre, Yashobhoomi, IICC, Dwarka, New Delhi. Chief Guest, Shri Giriraj Singh, Minister of Textiles highlighting FDIs and joint venture as huge opportunities in the sector.

The show floor is packed with more than 180 exhibitors presenting 600+ brands from countries like India, China, Italy, Japan, Singapore, Taiwan, USA and to showcase the advancements from the world of textiles and garment manufacturing industry.

The 11th edition of the show was inaugurated today in the presence of the esteemed dignitaries of the textile industry, which included:

  1. Chief Guest: Shri Giriraj Singh, Minister of Textiles, Government of India
  2. Mr. Elgar Straub, Managing Director, VDMA Textile Care, Fabric & Leather Technologies
  3. Mr. Sharad Jaipuria, President, Denim Manufacturers Association & Chairman & Mnaging Director of Ginni International Ltd
  4. Mr Simon Lee, Managing Director of Hyosung Group ( Hyosung corporation India Pvt Ltd & Hyosung India Pvt Ltd)
  5. Mr Aamir Akhtar, Group President & CEO Textiles, Jindal Worldwide Limited

Addressing the gathering the Chief Guest, Shri Giriraj Singh, Hon’ble Minister of Textiles, expressed: “I see a very good programme organised with the knowledge sessions, product display and B2B networking opportunities. I thank all the companies associated with garment, machinery, fabrics and denims industry for this.” His address emphasised on encouraging the joint ventures, FDI and collaborative progress within the textile manufacturing between suppliers and manufacturers and brands. He also mentioned that that after agriculture, if there is any sector that has employment potential then it is textiles. Indian government will work in collaboration with the agriculture and textile department to drive the sector ahead. He also emphasised that ‘handlooms’ is one significant sustainable fabric.

Gartex Texprocess India has consistently been at the forefront of showcasing innovations and emerging trends in the textile and garment industry. This edition is featuring an array of innovative product launches from various brands catering to denims, machinery manufacturing, sewing machines, fabrics, trims, accessories and more.

Mr. Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holdings Ltd, expressed his enthusiasm on the inauguration of the 11th New Delhi edition. He said: “We are thrilled with the overwhelming response to the 11th edition of Gartex Texprocess India from the industry stakeholders. The Indian government’s focus has been on manufacturing and it gives us the immense pleasure to witness the advancements in textiles and garment manufacturing solutions, denims and more from 200+ exhibitors. This reflects the vibrant and dynamic spirit of this sector.”

Mr. Gaurav Juneja, Director of MEX Exhibitions Pvt Ltd, added: “The impressive turnout and participation from leading brands and international exhibitors highlight the significance of Gartex Texprocess India in driving the future of the textile and garment manufacturing industry. We look forward to positive and successful show with business discussions, networking, knowledge sharing and innovations across three days. “

Day two dedicated to denims will present knowledge rich sessions from Denim industry experts who will discuss everything right from denim manufacturing to its sustainable solutions. The sessions will touch upon areas like laundry automation, sustainability, innovations in denims and how can AI tools be utilized to identify the denim trends as well as lifecycle assessment of denims. These discussions will offer the attendees a lot of crucial insight on denims that will help professionals explore their knowledge, practices and processes.

Organized by MEX Exhibitions Pvt Ltd and Messe Frankfurt Trade Fairs India Pvt Ltd, the three-day trade fair will continue to showcase industry trends and innovations till 3rd August 2024.

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