5th annual global process improvement operational excellence summit

EU and Arab League leaders have concluded their first-ever summit in the resort town of Sharm El-Sheik in Egypt. They said in a final statement they were determined to start a "new era" of cooperation in different areas. The two blocs agreed to hold regular summit meetings, with the next one due in Brussels in 2022, Egyptian President Abdel-Fattah el-Sissi said. German Chancellor Angela Merkel said after the conference: "The fate of the European Union depends to a significant degree on the fate of the countries of the Arab League."  Luxembourg Prime Minister Xavier Bettel said the summit was important for acknowledging cultural, religious and other differences while trying to find "joint solutions," such as in Syria. However, he cautioned against raising high expectations.  "If you think that by seeing each other for 24 hours in Sharm el-Sheikh and it's peace in the world and in the region, then you believe in Father Christmas," Bettel told reporters. … [Read more...] about Terror, migration dominate EU and Arab League’s first summit

NEW DELHI: IIM Udaipur’s Annual Management Fest— Solaris 2019— ended on a high note with industry leaders, panel discussions, case study competitions, workshops giving insights and learnings from their varied experiences as part of the Leadership Summit, the flagship event of IIMU. Solaris ’19 theme was ‘Success Through Synergy.’ The fest started with, Unmesh, the Operations Summit, which hosted Ranag Davala, who spoke about the significance of Synergy and the impact it has had in his career. This was followed by Antar-Drishti, the Economics Summit, which saw Dr Shubhada Rao, chief economist at Yes Bank. She gave an enriching talk, linking the disruption in supply to the impact of technology on policy making. The final speaker of the summit was Akshat Kumar, Director of Investments at Klay Capital. The day ended with Savannah, the Marketing Summit of Solaris ’19. AL Jagannath, senior director, DELL-EMC alliance talked about brand building, … [Read more...] about Solaris’19: IIM Udaipur’s Annual Management Fest concludes on high note

Mumbai: Smart factories could add at least $1.5 trillion to the global economy by 2023 through productivity gains, improvements in quality and market share, along with customer services, said a new study from Capgemini Research Institute on Tuesday. "Smart" factories leverage digital technologies to gain significant improvements in productivity, quality, flexibility, and service. In India, 30 per cent of factories were transformed to smart operations in the last two years, according to the report. A comparison with 2017 revealed that most of the organisations that were planning smart factory initiatives two years ago (33 per cent) have now launched them. "There are three primary reasons why we took up the smart factory initiative," said Seshu Bhagavatula, President, New Technologies and Business Initiatives, Ashok Leyland, one of the largest heavy vehicle manufacturers in India. "The first is to improve the productivity of our old factories through modernizing and digitizing … [Read more...] about Smart factories to add $1.5 trillion to global economy by 2023: Study

Prime Minister Narendra Modi on Thursday urged for the early opening of the New Development Bank's regional office in India and offered full backing to the multilateral finance institution in promoting global growth. Addressing the Dialogue with BRICS Business Council and New Development Bank, Prime Minister Modi urged the BRICS Business Council to create a roadmap to achieve the USD 500 billion intra-BRICS trade target by the next summit. "Identification of economic complementarities among us will be important in this effort," he said. "I request that the work of establishing the regional office of the NDB in India should be completed soon. This will give a boost to projects in our priority areas," Modi said as he offered full backing to the multilateral finance institution in promoting global growth. According to the BRICS joint statement, the five countries look forward to the opening of the two remaining NDB Regional Offices in Russia and India in 2020. "Building upon the core … [Read more...] about BRICS Summit: PM Modi calls for early opening of New Development Bank’s regional office in India

China's President Xi Jinping looks on during a joint statement with Brazil's President Jair Bolsonaro after a bilateral meeting during the BRICS summit in Brasilia, Brazil November 13, 2019. REUTERS/Ueslei Marcelino BRASILIA (Reuters) - China’s President Xi Jinping said on Thursday that protectionism, unilateralism and differences of governance systems are causes for concern. Speaking at the annual summit of the BRICS leading emerging economies, Xi said economic globalization is encountering setbacks. “We must stand up to protectionism and uphold the WTO multilateral system,” he said. Reporting by Anthony Boadle, Editing by Franklin Paul Our Standards: The Thomson Reuters Trust Principles. … [Read more...] about China’s Xi says economic globalization encountering setbacks