Goa Current Affairs - 2020

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Cha-Chai Art Work inaugurated at National Museum by Portuguese president

The Portugal President Marcelo Rebelo de Sousa is on a four-day visit to India. On February 14, 2020, he along with the Minister of Tourism, India Prahlad Singh Patel inaugurated a Cha-Chai art-work installation at the National Museum.

What is Cha-Chai Art Work?

The 5pm tea is a family tradition of the Portuguese. According to their family culture, it strengthens family bonding. The Cha-Chai art work inaugurated was a teapot art work. It symbolically depicts people to people relations between the countries.

The Cha-Chai art work inaugurated was made of iron railings. It depicted the bridge between rural and urban landscape. The aroma of tea in the art work depicted the journey from physical to surreal world.

The President is to visit Goa for two days to sign water management and sewerage management agreements.

Portuguese in Goa

The Portuguese had ruled Goa for more than 450 years. They arrived in India in the 14th century. Today there are more than 10,000 to 12,000 Portuguese speakers in the state.

The Indian Army invaded Goa, Daman and Diu in 1961. This brought an end to the Portugal rule in India.

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Goa to host 2nd edition of Startup India Global Venture Capital Summit 2019

The 2nd edition of Startup India Global Venture Capital Summit is being organized in Goa on 6-7 December 2019 for Fund Managers and Limited Partners of Top Global Venture Capital (VC) Firms. The summit is being organized by Department for Promotion of Industry and Internal Trade (DPIIT) under Union Ministry of Commerce and Industry, in partnership with Goa Government. Theme for Startup India Global Venture Capital Summit 2019 is- ‘India Opportunity- Investing in tomorrow together’.

About Startup India Global Venture Capital Summit

Background: The first edition of Startup India Global Venture Capital Summit was held in 2018 in Goa. It brought together more than 250 participants from over 9 countries and showcased venture capital opportunities in India as well as facilitated a rich exchange of ideas on various aspects of investor world.

Objective: To showcase India’s opportunity in sectors of FinTech, EdTech, E-Mobility, MedTech, Enterprise Software, Genomics and Lifesciences. Summit also aims to understand best practices for venture capital industry, identify issues faced by them for investments in India and evaluate ways to address those issues.

2019 Edition: This year the Summit focuses on mobilizing global capital for innovation in India and is aimed towards reaching new heights in both reach and scope. The Summit will bring together a series of engagements involving more than 350 representatives of leading Global Venture Capital Firms (GVCF), High-Network Individuals (HNIs), Government of India (GoI) officials, top Corporates, Limited Partners, Family Offices, and select innovative Startups. It will showcase India Advantage, diversity and scale of Indian market opportunity, as well as cutting-edge innovations originating in India.

Significance: The summit looks at increasing capital flow for Indian Startups by showcasing high-quality tech as well as non-tech startups to global investor community and fostering Ease of Doing Business (EDB) by identifying and discussing issues faced by investor community. Through this event, the Startup India is providing Indian startups an opportunity to meet Top Global Investors at event to get business guidance and to discuss investment opportunities.

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