Goa Current Affairs - 2019

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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.

ReSAREX-2019: ICG conducts Regional level Search and Rescue Workshop and Exercise-2019

The Indian Coast Guard (ICG) conducted the ‘Regional Level Search and Rescue Workshop and Exercise 2019’: ReSAREX- 19 off Goa coast. The two-day event was organised by Coast Guard District Headquarters-11 (Goa) to test efficiency and preparedness of ICG.

About ReSAREX- 19

The exercise comprised of a search and rescue workshop and table top exercise, followed by a search and rescue exercise at sea

Participants: Dornier aircraft, 5 ICG ships, 2 Chetak helicopters were used for workshop. Moreover, the resources from Captain of Ports, Indian Mission Control Centre (Bengaluru), State Marine Police, Goa Medical College, Goa state administration and Marmugao Port Trust were also pressed into service.

Need: With increase in maritime and fishing activities being further complicated by frequent cyclones, the maritime search and rescue services still remains a challenge and need to respond to every situation with utmost clarity, and by exercising full coordination with other support agencies. The workshop also assumes significance in the wake of recent search and rescue operations carried out during cyclones Kyaar and Maha.