Mitsubishi Corporation announced today that it has agreed on February 24, 2024 to sell its entire 49% stake in Exportadora de Sal, S.A. de C.V. (hereinafter “ESSA”), a salt production company in Mexico, to the Ministry of Economy of Mexico, the existing shareholder of ESSA (*).
MC has operated ESSA together with the Ministry of Economy of Mexico since 1973, and with this share transfer, ESSA will aim to achieve further growth under the leadership by the public sector of Mexico. MC will continue to purchase salt produced by ESSA and provide a stable supply to our customers.
(*) The transferee will be Fideicomiso de Fomento Minero, which is under the Ministry of Economy of Mexico.
Aalok Kumar, Corporate Officer & Sr VP – Head of the Global Smart City Business, NEC Corporation, and President & CEO, NEC Corporation India, has been appointed as a member of the Asian Development Bank’s (ADB) High-level Advisory Group on Digital Technology for Development with effect from May 1, 2023. The eight-member group, consisting of global industry leaders in digital technology and academicians, is committed to further accelerating the utilization of ICT technology among ADB activities for developing countries.
Mr. Aalok Kumar takes on this mantle from Katsumi Emura, former NEC Corporation Fellow, one of the founding members of the group. Carrying Emura’s legacy forward, Aalok will leverage his decades of experience and wide range of knowledge in providing strategic counsel towards the optimal adoption of digital technologies for ADB to carry out its developmental work.
Commenting on the appointment, Mr. Aalok Kumar said, “I feel humbled to have been elected to represent NEC Corporation as part of Asian Development Bank’s High-level Advisory Group on Digital Technology. I look forward to the opportunity to work alongside this esteemed group of industry luminaries to help develop strong strategies for ADB to carry out critical developmental work in Asian countries, cutting across multiple focus areas.”
Asian Development Bank was established in 1966 as a regional development bank to promote social and economic development in Asia. This advisory group was founded in 2019, with a core purpose to help devise digital strategies on ADB’s operational priorities, as defined in “ADB Strategy 2030.” These priorities include addressing poverty, reducing inequality, mitigating climate change, bridging the gender gap, and making cities liveable.
These are in alignment with NEC’s own vision and priority areas for its work in the developing world, and in that regard, this appointment serves as an opportunity for NEC Corporation to accelerate and further cement its efforts towards solving the challenges of the developing world. “This accelerates NEC’s mission of ‘Orchestrating a brighter world’ – bringing immeasurable impact in societies leveraging the power of technology,” Aalok Kumar further added.
An alumnus of St. Stephen’s College, Delhi and Indian Institute of Management, Ahmedabad, Aalok Kumar brings nearly three decades of experience in senior leadership roles in business transformation, performance improvement, and margin expansion. Prior to taking up the mantle as the President and CEO of NEC India in 2020, he served as the Senior Vice President of McKinsey & Company. He has also worked in companies that include GE Healthcare, GE Capital and ABN Amro Bank.
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com.
Apex Corporations of the Ministry of Social Justice and Empowerment organised a Loan Mela-cum-Awareness Camp & Toolkit (Sewing Machine) distribution today at ATDC Centre, Sanskar Ashram Complex, Dilshad Garden, New Delhi.
Several dignitaries including Shri Prabhat Kumar Singh, Managing Director, National Safai Karamcharis Finance and Development Corporation (NSKFDC), Shri Rajnish Kumar Jenaw, Chairman-cum-Managing Director, National Scheduled Castes Finance and Development Corporation (NSFDC) & National Backward Classes Finance and Development Corporation (NBCFDC), Shri Vijay Mathur DG & CEO, ATDC and representatives from Security Printing and Minting Corporation of India Ltd.(SPMCIL) were present on the occasion.
During the programme, 70 Safai Karamchari candidates were distributed Toolkit (Sewing Machine) trained by ATDC under the SPMCIL-NSKFDC CSR project. The candidates were also provided job letters. Apart from this, beneficiaries under the Apex Corporations of the Ministry of Social Justice and Empowerment were also distributed loan sanction/release letters.
A health-cum-awareness camp was also organised during the programme by NSKFDC, wherein health check-up of the participant beneficiaries was undertaken by specialists of eye, gynaecology and general physician. Free medicines and spectacles were also provided to the beneficiaries.
Dignitaries addressed the beneficiaries and appealed them to avail benefit of the schemes being run by their organisations for welfare and development of the beneficiaries and raise their socio-economic status.
