Important Days and Events Current Affairs - 2020

Latest Events & Observances Current Affairs 2019-20 related to important days, weeks and months. In this category, we put important days celebrated and observed in India and states.

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BioAsia Summit 2020 to be held in Hyderabad

The Government of Telangana is hosting Bio-Asia Summit 2020 in Hyderabad between February 17, 2020 and February 19, 2020. The main objective of the summit is to explore the capabilities of Life Science Companies and their investments.

Highlights

The summit will be attended by researchers, investors, conglomerates, start-ups and health care representatives. They will focus on the needs of the evolving Life Science industry.

The theme of the Summit is

Theme: Today for Tomorrow

Biotechnology in India

India is the third largest biotechnology destination in Asia Pacific. There are more than 523 USFDA (United States Food and Drug Administration) approved Indian owned plants spread all over the world. This is the second highest in the world.

Also, India is the largest supplier of BCG, DPT and measles vaccines.

In 2018, the value of biotechnology industry was 51 billion USD. It is currently growing at the rate of 14.7% every year.

Why is the summit important?

India is to become the most populous country in the world by 2030. The growing burden of diseases in the country is increasing rapidly. GoI is planning on 200 billion USD infrastructure in the next decade. The National Biopharma Mission will require strong workforce.

National Biopharma Mission

The National Biopharma mission was launched in 2017 by the Ministry of Science and Technology with the assistance of World Bank. The mission estimated 250 million USD of investment in the field.

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“Global Investor Summit” for the first time in Jammu and Kashmir; Road Shows to attract investments

The Government of India is making preparation in full swing for the Global Investors Summit to be held in Jammu and Kashmir in April 2020.

Highlights

In order to increase the number of investments roadshows are to be conducted from February 17, 2020. The roadshows are to be held in Kolkata, Bengaluru, Mumbai, Chennai, Ahmedabad and Hyderabad. The Union Territory is to send 54 senior officials to preside over the roadshows. Jammu and Kashmir will also hold International Roadshows.

GoI Measures

After Abrogation of Article 370, GOI has been taking several measure to improve the infrastructure in Jammu and Kashmir. In the Budget 2020-21, the Union Government allocated Rs 30,757 crores separately for the development of Jammu and Kashmir. Also, several foreign delegates are allowed to visit the region. This gives them an opportunity to assess the situation in Kashmir and its normalcy. In turn such assessments will help to bring in more foreign investments.

Several roads, railway lines tunnels and bridges were built. Under Pradhan Mantri Gram Sadak Yojana, Jammu and Kashmir achieved highest road length in the country in 2019.

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