08 Oct 2020: PIB Summary & Analysis

October 8th, 2020 PIB:- Download PDF Here

TABLE OF CONTENTS

1. Invest India Conference
2. Air Force Day
3. Gyan Circle Ventures

1. Invest India Conference

Context:

PM delivers the keynote address at Invest India Conference in Canada through video conference.

About the Invest India Conference:

• The forum aims to give the Canadian business community a first-hand perspective of the opportunities to invest in India and showcase India as an investment destination.
• The event witnessed the participation of representatives from banks and insurance firms, investment funds, companies in sectors like aviation, electronics and manufacturing, consultant firms, and universities.
• The conference was organised with a special focus on further strengthening business ties between India and Canada.

2. Air Force Day

88^th Air Force Day observed on 8^th October 2020.

Details:

• 8^th October is observed as the founding day of the Indian Air Force.
• The air wing of the armed forces was officially established in 1932 on this date.

Read more about the Indian Air Force on This Day in History dated 8^th October.

3. Gyan Circle Ventures

Context:

Union Education Minister virtually inaugurates Gyan Circle Ventures.

About Gyan Circle Ventures:

• It is a Technology Business Incubator (TBI) of the Indian Institute of Information Technology, Sri City (Chittoor), Andhra Pradesh, funded by the Ministry of Electronics and Information Technology (MeitY).
• Gyan Circle Ventures would function as a Technology Incubation and Development of Entrepreneurs (TIDE 2.0) incubation centre as approved by the MeitY.
• The incubator would leverage the institution’s entrepreneurial spirit by utilizing its intellectual capital and engage in using emerging technologies such as Artificial Intelligence (AI), Block-chain, Cyber Physical Systems (CPS), Cyber Security, Internet of Things (IoT), Robotics, etc.
• The venture will serve as a hub for innovation and start-ups by providing support, in various phases, via investments, infrastructure and mentoring.
• Notably, the TBI would have an Advisory Committee comprising leading industrialists, entrepreneurs and technical experts.
• It would enable incubatees to leverage these expert mentors and networks from both the academia and the industry.

Read previous PIB here.

October 8th, 2020, PIB:- Download PDF Here