Dr. Dipesh Shah on GIFT IFSC’s Evolution as a Global Financial Powerhouse

National/Gujarat, 14th March 2025: India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), in collaboration with the International Financial Services Centres Authority (IFSCA), successfully hosted the inaugural IFSCA-IVCA Fund Management Conclave 2025 on 12th March 2025 at GIFT City, Gujarat.

The Conclave brought together key stakeholders to discuss the evolving regulatory landscape, innovative fund structures, and India’s emergence as a global fund management hub. Organised in partnership with IC Universal Legal, Investec, PwC, and Peak XV Partners, the conclave fostered dialogue on accelerating capital flows through IFSC and strengthening India’s position in the global investment ecosystem. Dr. Dipesh Shah, Executive Director (Development), IFSCA, delivered an address on ‘Business Growth in IFSC,’ highlighting key developments and opportunities shaping the sector.

Dr. Dipesh Shah highlighted GIFT City‘s rapid transformation into a global financial hub, driven by targeted incentives, business-friendly regulations, and a growing financial ecosystem. He emphasised GIFT IFSC’s role in facilitating global capital flows, sustainable finance, and emerging sectors like aircraft and ship leasing. He further highlighted the importance of strong governance, regulatory clarity, and talent development in sustaining its momentum and attracting greater domestic and international participation.

He said, “GIFT IFSC has evolved from an unfamiliar concept to a thriving global financial hub, now home to 29 banks, a rapidly growing fund ecosystem with over 215 registered funds, and a balance sheet that has surged from $14 billion in 2020 to $78 billion today. With debt listings exceeding $64 billion—including $15 billion in ESG-focused funds—GIFT City is not only facilitating global capital flows but also positioning itself as a center for sustainable finance. The expansion of aircraft and ship leasing, once dominated by international financial hubs, is now taking shape in IFSC, marking India’s rise as a global player in these sectors.

As we move forward, it is crucial to ensure that the growth of IFSC is accompanied by depth in talent and governance. I propose that we establish a PO-CO forum at the next IVCA-IFSC Conclave, where principal officers and compliance officers can discuss fund operations, regulatory frameworks, and governance standards, ensuring that IFSC continues to lead with credibility and substance. An awards initiative recognizing outstanding professionals in this space would further strengthen our commitment to building a world-class financial ecosystem.”

Steady Growth in Manufacturing and Mining Boosts IIP, Says PHDCCI

The Index of Industrial Production (IIP) recorded a growth of 5% in January 2025, up from 3.2% in December 2024, underscoring the robust growth of India’s industrial sector, said Mr. Hemant Jain, President of the PHD Chamber of Commerce and Industry, in a press statement issued here today.

Primary goods registered growth at 5.5% in January 2025, followed by consumer non durables at -0.2%, said Mr. Jain.

The steady improvement across key sectors, including mining, and manufacturing, has significantly contributed to the rise in IIP. In January 2025 growth rates for these sectors stood at 4.4% and 5.5%, respectively, compared to 2.7% and 3.4%, in December 2024, he said.

The industrial sector is expected to continue on its robust development trajectory in the future, bolstered by proactive government initiatives and policy assistance, said Mr. Jain

Centurion University Launches Zimbabwe Govt-Sponsored Skill Development Program

Bhubaneswar, March 14, 2025: In a historic milestone for international skill development and capacity building, Centurion University proudly flagged off the Zimbabwe Government-sponsored training program for Zimbabwean Government Officers today. The initiative, facilitated under the long-term partnership between Centurion University and the Republic of Zimbabwe, aligns with the Hon’ble Prime Minister’s vision of South-South collaboration and knowledge exchange.

The high-level delegation from Zimbabwe, comprising esteemed officials from the Presidential and National Scholarships Department in the Office of the President and Cabinet, graced the occasion. The delegation included:

● Hon. Raymond Machingura, Executive Director
● Dr. W. Kachere, Chief Director
● Mr. P. Manyange, Director
● Mr. P. Hobwani, Head of Chancery
● Mr. Davison Mhaka, Managing Director – CMED
● Mr. Stephen Mavura, General Manager – CMED

 His Excellency Shri Brahma Kumar, Ambassador of India to the Republic of Zimbabwe, played a key role in supporting and facilitating this landmark collaboration. His active participation in the send-off ceremony in Zimbabwe and his presence during the launch of the training program underscore India’s unwavering commitment to strengthening ties with Africa.

With 71 mid-career Zimbabwean Government Officers already undergoing training at Centurion University’s Jatni Campus, the program is set to train 2,000 officers over the next two years. The initiative focuses on developing competencies in key sectors such as power, electric vehicles and automotive, apparel and textiles, and agriculture, equipping participants with industry-relevant skills that will drive sustainable economic growth in Zimbabwe.

Speaking at the ceremony, Shri Sampad Chandra Swain, the Hon’ble Minister of State, Industries Department and Skill Development and Technical Education, Government of Odisha, highlighted the significance of this collaboration, stating, “Centurion University’s commitment to skill development and experiential learning is exemplary. This initiative is not only about training individuals but about building a robust workforce that can lead Zimbabwe’s industries towards innovation and self-reliance.”

Centurion University’s leadership expressed immense pride in hosting the delegation and reaffirmed its commitment to strengthening the partnership with Zimbabwe. Addressing the gathering, His Excellency Shri Brahma Kumar, High Commissioner of India to Zimbabwe, emphasized, “India has always been committed to capacity building in Africa. This collaboration with Centurion University is a testament to our shared vision for sustainable growth and skill enhancement.”

As India’s first Skill University and recognized as the No.1 Skill University by Outlook-ICARE, Centurion Universityplays a pivotal role in shaping industry-ready professionals through its unique practice-oriented learning model. The university’s hands-on training, simulation-based learning, and industry collaborations ensure that trainees gain real-world expertise. The program for Zimbabwean officers is designed to provide sector-specific skills, leadership training, and exposure to India’s best practices in vocational education and entrepreneurship.

Apollo Dialysis Clinic Raises Kidney Health Awareness on World Kidney Day 2025

Chennai, 14 March 2025: In a pioneering effort to highlight the importance of sleep health, Apollo Specialty Hospital, Vanagaram organised India’s first sleep chain at the Vanagaram junction today. This unique initiative, held to commemorate World Sleep Day 2025 and its theme “Make Sleep Health a Priority,” brought together doctors & nurses, to form a symbolic chain while holding pillows inscribed with messages on the importance of sleep.

 With over 60% of Indians suffering from poor sleep quality, the sleep chain serves as a powerful reminder that sleep is not a luxury but a biological necessity. It also seeks to raise awareness that poor sleep is linked to heart disease, diabetes, weakened immunity and mental health disorders. It drives home the point that small but crucial lifestyle changes such as consistent sleep schedules, reduced screen time and seeking medical help can help address sleep disorders.

 Commander Dr. Karthik Madesh, HOD & Clinic Head, Institute of Sleep Health, Apollo Speciality Hospitals-Vanagaram said, “This initiative is our way of reminding the public that good sleep is critical to good health. Sleep is as important as diet and exercise for a healthy life. The sleep chain aims to symbolise unity and collective responsibility in promoting sleep health and addressing sleep-related challenges. It also reinforces the idea that the right lifestyle changes can make a difference to sleep health and create a positive ripple effect in society.”

 Dr Prabhash Prabhakaran, HOD & Senior Consultant, Neurology said that, “Sleep is a fundamental pillar of health, yet its significance is often underestimated. Initiatives such as the Sleep Chain by Apollo Specialty Hospital play a vital role in emphasizing that sleep is not merely a lifestyle choice but a biological necessity. By raising awareness about sleep disorders and advocating for healthy sleep practices, we can contribute to a healthier society. I commend Apollo Specialty Hospital for its commitment to this critical aspect of public health and for leading efforts to promote sleep wellness among communities.”

 The event was graced by distinguished experts such as Dr. Mohanakrishnan – Consultant, Pulmonology and Dr Rahul Raghav Menon, CEO & DMS, Apollo Speciality Hospitals, Vanagaram, Thiru NEK Murthy, Chairman of Thiruverkadu Municipality Apollo Specialty Hospital is also home to the Institute of Sleep Health, a dedicated centre for diagnosing and treating sleep disorders such as sleep apnea, insomnia, and narcolepsy. With a team of specialists from various disciplines such as Neurology, Pulmonology, ENT and Cardiology, the institute leverages research from advanced sleep studies and diagnostic tools to provide accurate assessments and tailored treatment plans. By combining expert care with cutting-edge technology, the Institute also ensures patients achieve restorative sleep, leading to improved overall well-being and quality of life.

Cafe Niloufer and TSCS Join Forces for Thalassemia Blood Donation Camp

Hyderabad, 14th March 2025: Thalassemia Sickle Cell Society (TSCS) a registered non-profit organization has today organized a special blood donation camp at Café Niloufer, Lakdikapool, Hyderabad. M A Aleem Baig, Joint Secretary – TSCS along with Mr Shashank Anumula, Owner & Manager of Cafe Niloufer and Mohd Amin, Board Member – TSCS with the dedicated staff of TSCS participated in the donation camp where the blood units collected are going to be used for Thalassemia patients, who need blood for every 15 days to survive.

TSCS President Dr. Chandrakant Agarwal briefed Mr Shashank Anumula, Owner Niloufer Cafe & other guests, about the situation of Thalassemia in Telangana and the need of blood donors to come forward for transfusion of blood to Thalassemia patients. The collected blood will be utilized for patients who need blood transfusion at regular intervals.

Speaking on the occasion Dr. Chandrakant Agarwal, President – TSCS said, “We are really greateful to the 101 donors who have come forward and donated blood to meet the blood requirement for Thalassemia patients. We are extremely honoured that Mr Shashank Anumula – Niloufer Café has visited the camp and donated blood. We explained to him about the situation of Thalassemia in our state & country and also urged him to encourage the need of blood donors to come forward and donate on a regular basis”.

Speaking about the blood donation camp Mr Shashank Anumula, Owner and Manager – Niloufer Cafe said “TSCS has been at the forefront in conducting mega blood donation camps in Hyderabad. We thank all the guests and donors who have extended their support to us and also promised to promote awareness of Thalassemia and its eradication”.

TSCS has been advocating the need of G.O for mandatory antenatal test – HbA2 for every pregnant woman to help prevent the birth of Thalassemia Major Children.

Asian Institute of Nephrology and Urology Marks World Kidney Day with Major Awareness Push

Hyderabad, March 14, 2025: On World Kidney Day, Asian Institute of Nephrology and Urology launched its free mobile kidney test campaign for the villages and districts across Telangana reaching out to around 10,000 people. The initiative was flagged off by Dr. A Narendra Kumar, Director of Medical Education, Telangana State, Dr. C. Mallikarjuna, Managing Director and Chief Consultant Urologist, Dr. Purna Chandra Reddy, Executive Director & Chief Consultant, Mr. Sandeep Guduru is the CEO.

The health of your kidneys can be determined with just three simple tests, and everyone should undergo them regularly to ensure kidney protection, stated Dr. C. Mallikarjuna, Managing Director and Chief Consultant Urologist at the Asian Institute of Nephrology and Urology (AINU) , one of the leading hospitals in the city.

This year’s World Kidney Day theme is “Are your kidneys OK? Get tested early, protect your kidney health.” Dr. Mallikarjuna emphasized that checking blood pressure (BP), urine protein levels, and serum creatinine can help assess kidney health. These low-cost tests can be conducted regularly to monitor kidney function and take preventive measures if necessary. He made these statements while addressing the media ahead of World Kidney Day on March 13.

Silent Kidney Issues:

“In many cases today, people are unaware of kidney problems as they show no symptoms. By the time they notice issues and get tested, their kidneys are often severely damaged, requiring dialysis or even kidney transplantation. That’s why waiting for symptoms is not advisable—everyone should get tested regularly. If any of the three test results show abnormalities, further tests can determine the complete kidney condition. If all three tests are normal, your kidneys are in good shape,” he explained.

Statewide Awareness Drive:

“To spread awareness, we are organizing medical camps across Telangana for a month. These camps will be set up in all districts, reaching around 10,000 people. Through these camps, we aim to encourage people to undergo the three essential tests and improve awareness. Depending on the response, we may continue such programs in the future,” Dr. Mallikarjuna said.

He further warned that modern lifestyles and work stress are increasing blood pressure (BP) in many individuals, which poses a serious risk to kidney health. Once the kidneys are damaged, restoring them is difficult. Hence, it is crucial to take preventive measures early and avoid reaching the stage where dialysis or kidney transplantation becomes necessary.

Dr. A Narendra Kumar, Director of Medical Education, Telangana State said, “Telangana has well-developed state-of-art health services. The Telangana government has implemented several proactive measures to improve kidney health and provide comprehensive nephrology services. We encourage routine kidney checks for early detection and management of kidney diseases. There is a focus on developing preventive strategies for kidney diseases and strengthening palliative care services for CKD patients”.

Speaking of the Kidney camp, Dr. Purna Chandra Reddy, Executive Director & Chief Consultant Urologist, Asian Institute of Nephrology and Urology said, “Healthy kidneys are the foundation of a healthy life. We understand how crucial it is to guarantee that everyone has access to healthcare. We are convinced that by expanding our healthcare outreach, we can improve our communities’ well-being in a way that will last. Focused on providing quality healthcare in remote communities, the camps offered an array of completely free services,”

Frederic De Wilde Highlights the Role of Progressive Policies in Reducing Tobacco Harm in India

By-Frederic De Wilde, President SSEA, CIS & MEA Region, Philip Morris International (PMI)

India, 2025: Speaking at the Times Group ET NOW Global Business Summit 2025, Frederic De Wilde, President SSEA, CIS & MEA Region, Philip Morris International (PMI), underscored the need for changes in regulation and scientific innovation to introduce less harmful alternatives for people who don’t quit smoking. “The number one challenge for any evolving industry is regulation. We are witnessing a global transformation in the tobacco sector, and science and technology are redefining the way this industry operates. However, to create long-term impact, the industry needs policies that reflect modern realities and innovation. This would also encourage modernization, industry transformation, and investment-driven growth, for the entire tobacco ecosystem, thereby making India a significant partner worldwide,” said De Wilde.

Addressing the gathering, De Wilde highlighted how science-led decision-making and regulations transform the sector & open new economic opportunities. He emphasized that across various industries—from renewable energy to digital finance—countries that have modernized regulatory frameworks have seen faster economic growth and stronger global positioning.

 Reflecting on PMI’s transformation, De Wilde said, “20 years ago, the company began rethinking its role in the tobacco industry, recognizing that consumer needs and scientific advancements demanded a shift. We soon recognized that combustion is the primary cause of harm in smoking and focused our research and innovation on eliminating it. We have invested $14 billion in science, research, and commercial efforts to advance innovation and raise awareness about less harmful alternatives. We hired over 500 top scientists, and built a strong research foundation to ensure the solutions we introduced were supported by credible data and transparent methodologies. Ten years ago, we launched these alternatives in partnership with governments worldwide. The results? In many countries, cigarette consumption is steadily declining, with alternatives taking their place.”

 De Wilde emphasised how regulatory modernization in parts of Europe and Asia has led to a decline in smoking incidence.

 “In Japan, the introduction of alternatives has cut the combustible cigarette market in half. In Rome, one in three smokers has transitioned to alternatives, signalling a major behavioural shift. Sweden leads Europe with the lowest smoking rate at just 5%, with smoking among young adults nearly non-existent. From a health perspective, Sweden also reports the lowest lung cancer incidence among men in the EU, showcasing the positive impact of regulatory modernization and access to alternatives.”

 Focusing on India’s regulatory and economic landscape, De Wilde praised its policy-driven growth in technology, finance, and infrastructure. He emphasized that India’s success in regulatory clarity has driven investment, fostered innovation, and strengthened trade partnerships.

 “India has been a pioneer in regulatory modernization across industries. From renewable energy to digital payments, progressive policy frameworks have accelerated economic transformation. The next step is ensuring that scientifically validated industries can also contribute to this progress.”

 De Wilde acknowledged that PMI wishes to actively engage with policymakers in India to build an understanding of how science-backed innovations can align with regulatory priorities and improve the country’s tobacco control outcomes. He noted that while several countries have adopted a structured regulatory approach to new product categories, India has the opportunity to create a global benchmark for progressive trade and policy development.

 “We have seen successful government-industry partnerships globally, where scientific advancements and regulatory policies have worked together to drive positive change. We are eager to contribute to this conversation, working collaboratively with stakeholders to benefit the economy.”

 He further said that India should look at adopting a redefined Tobacco Control strategy, “One that blends science-driven policies, along with a sustainable regulatory framework so that alternatives are available. With 300 million tobacco users, including 100 million smokers, a redefined approach can strengthen public health efforts and help save millions of lives.”

 Beyond regulatory modernization, De Wilde emphasized PMI’s commitment to sustainability, with a strong focus on agriculture and farmer empowerment. “India is one of the top tobacco growing countries in the world. Tobacco farming remains vital for thousands of families, and supporting farmers through sustainable practices is essential for long-term agricultural stability. We wish to implement our Good Agricultural Practices (GAP) initiative and provide farmers with technology, training, and resources to improve productivity while minimizing environmental impact.”