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India to be worst hit if global trade falls: Suresh Prabhu

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New Delhi, Oct 16 (IANS) India will be the worst sufferer if international trade declines, Union Commerce and Industry Minister Suresh Prabhu said on Tuesday, as the US ratchets up tariff war and embarks on protectionism.

“India is the worst sufferer if the world trade does not grow, because we have a huge stake, our share in global trade is increasing,” Prabhu said at an industry-body event here.

“We are at a stage where more global growth will come from more production within the country,” he said.

India has the potential to become a $10-trillion economy before 2035, the Minister said at the 98th Annual Session of The Associated Chambers of Commerce and Industry of India (Assocham).

“I have set up some top thinkers to navigate India out of these new emerging trends and how we become winners despite these challenges,” he said.

He stressed that India’s integration with international trade was critical if it were to grow at a faster rate.

The government is working on improving business atmosphere in Asia’s third-largest economy.

“We have to ensure that India continues to be on the forefront of growth, not only to help our people but also to contribute to global growth. So, one country growing also helps other countries as a co-beneficiary,” he said.

Prabhu, who is also the Union Civil Aviation Minister, said the government was preparing a roadmap to promote manufacturing of aeroplanes in India.

India would require at least 1,000 aeroplanes, as the aviation sector expands. The government is readying a plan to manufacture aircraft locally, he added.

Further, the government’s twin plan of promoting indigenous manufacturing of aeroplanes and construction of 100 airports in 15 years at an estimated cost of $65 billion would drive the aviation sector’s growth, he said.

Speaking at the same event, Vice President M. Venkaiah Naidu said that there was a need to promote corporate ethics.

“Ethical behaviour has to be promoted by individuals as well as organisations by adopting zero-tolerance towards corruption, bribery and frauds,” Naidu said.

Naidu said India must capture the demographic dividend by imparting appropriate education, skills and fostering entrepreneurship, so that its youth become job creators instead of job seekers.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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