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Pb. Current Affairs

December 6, 2019

Topic: Economy and Growth.

News:-Progressive Punjab Investors Summit takes off in Mohali.

Two e-commerce giants – Amazon and Flipkart, have signed Memorandum of Understanding ( MoU)s with the Punjab government to enhance business opportunities in the state.
Under this MoU, Amazon company would conduct workshops to enable MSMEs to increase their market reach and tap its export potential across the world.
Amazon would also deploy Latest technologies such as Machine Learning and Artificial intelligence.
Training ( both on the job and off the job) would be provided to the trainees.
MSME clusters at Jalandhar , Ludhiana , Amritsar , Patiala and Bathinda would have the latest training facilities. ( Being promoted by the e-commerce giants Amazon.

Punjab has over 1.6 lakh micro
Small and medium enterprises , which are vital for the growth of the economy.
Their familiarity with the latest marketing strategies and techniques through Amazon and Flipkart can increase their potential of succeeding.
The Samarth initiative of Flipkart can help in this regard.
Under this, Flipkart will provide national market access, training and support to grow their businesses.
Flipkart, along with Punjab Bureau of Investment Promotion would focus on showcasing the hallmark products of the state.
Hero Group and Birmingham City University ( BCU) will collaborate with MBSI in Ludhiana to promote innovation and entrepreneurship in the state.
MBSI has planned to promote its STEAM program – Science , Technology, Engineering, Arts and Mathematics to improve the prospects of higher education in the state.

(Source:- The Tribune)

14 entrepreneurs have been rewarded by the state government to give a boost to the MSME sector of the state.
1 lakh rupees reward and a certificate of appreciation were given away to the winners.