Jan 17, 2022 | Business
The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said the exports target of USD 650 Billion within the current financial year is achievable. Chairing a Review Meeting of all major Export Promotion Councils (EPCs), Shri Goyal said the $400 Bn target of Merchandise exports is within sight and the Services sector should strive for $250 Bn exports.
Expressing his satisfaction that India achieved $300 Bn Merchandise exports in the first nine months of the current FY (April-Dec, 2022), Shri Goyal assured the EPCs that his Ministry will do whatever it takes in handholding the EPCs and resolving their issues to attain even higher export targets in the next FY.
Shri Goyal said we can set a much higher goods exports target in the current last quarter of this FY. “In December alone we touched $37 Bn goods exports despite the Omicron fear factor weighing high. This month, in 15 days till January 15th, we have reached $16 Bn.”
Shri Goyal said the Prime Minister Shri Narendra Modi has himself set the pace by setting “transformational results” and not “incremental growth”.
The Commerce & Industry Minister urged the EPCs and entrepreneurs to avail of the Government’s initiatives towards Ease of Doing Business such as obtaining clearances through the National Single Window System. He assured the Industry representatives to pursue their demands during the various FTA negotiations.
Speaking of the government’s efforts to improve the ease of living and the ease of doing business, Shri Goyal said that more than 25,000 compliances have been reduced.
The Minister assured that the government is willing to listen to new ideas, engage with industry at every level and work as an enabler, facilitator and partner.
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Sep 13, 2021 | Business
Hitachi (TSE: 6501) has underlined its commitment to address climate change by strengthening its own climate target to contribute to a Net Zero society by achieving carbon neutrality through its entire value chain including production, procurement and the use of products and services by FY2050. This bolsters the existing commitment of reaching carbon neutrality at all its factories and offices globally by FY2030.
This new target revises Hitachi’s previous target of 80% reduction by FY2050 which was set in 2016. Hitachi will contribute to the reduction of its customer’s CO2 emissions and continue to reduce environmental impact from the design stage in all its products to help develop world-class energy efficiency. Hitachi is also committed to working with partners in its supply chain, through its sustainable procurement guideline, issued in July 2021.
In addition, Hitachi announced it will spend YEN1.5 trillion (almost EUR10 billion) over a three- year period on R&D technologies to foster digital innovation. This will include research and development of high-efficiency products, energy management systems and hydrogen- related technologies to help unlock digital innovation to achieve a decarbonized society. Hitachi is a principal partner of COP26 and is committed to becoming a climate change innovator, helping governments, cities and companies cut their greenhouse gas emissions. Hitachi aims to contribute to a Net Zero society through these activities.
Alistair Dormer, Chief Environmental Officer of Hitachi, Ltd., said: “We already had science-based carbon emission targets but these new targets underline our commitment to pass on a prosperous planet to future generations. Digital technology has a key role to play in helping society reach Net Zero and today’s announcement is another sign of Hitachi’s commitment. As a Principal Partner of COP26 and a social, purposeful business, we need to do much more than put our own house in order. Green technology in a digital world is a real engine for growth and it’s an exciting time to help cities, governments and companies cut carbon whilst accelerating our own potential as a climate change innovator.
At the end of 2020, Hitachi joined the UN’s Race to Zero campaign through the Business Ambition for 1.5degC, committing to aligning its business with the most ambitious aim of the Paris Agreement – to limit global temperature rise to 1.5degC above preindustrial levels. Hitachi has taken a socially responsible approach to business since its establishment in 1910 and seeks to do business in a way that prioritizes environment, resilience and safety & security. Hitachi’s Environmental Vision states ‘we will resolve environmental issues and achieve both a higher quality of life and a sustainable society in collaborative creation with stakeholders.’
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company’s consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi’s advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation.
Hitachi is a Principal Partner of COP26, playing a leading role in the efforts to achieve a decarbonized society and become a climate change innovator. Hitachi strives to achieve carbon neutrality at all its business sites by fiscal 2030 and across the company’s entire value chain by fiscal 2050.
For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
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May 17, 2021 | International
Target date of inaugural flights under HK-Singapore Air Travel Bubble deferred
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The Government of the Hong Kong Special Administrative Region (HKSAR) announced today (May 17) that in view of the recent COVID-19 epidemic situation in Singapore, the Governments of the HKSAR and Singapore have decided to defer the target date of the inaugural flights under the bilateral Air Travel Bubble (ATB) scheduled for May 26.
A Government spokesman said that the two governments will continue to closely monitor the epidemic situation in both places, including the effectiveness of the enhanced anti-epidemic measures introduced by the Singapore Government, which have taken effect from yesterday (May 16) and would last till June 13. During this period, both sides will continue to maintain communication, exchange relevant data and statistics, and review developments closely before deciding on the way forward with the inaugural flights under the ATB. A further announcement will be made on or before June 13.
The spokesman stressed that both governments remain strongly committed to launching the ATB with a view to resuming air travel between the two regional aviation hubs and international cities in a gradual and orderly manner under a set of stringent public health control protocols.
Travellers who have already made bookings on designated flights during the period may wish to contact their airlines and adjust the itineraries according to their own circumstances.
For details of the ATB, please refer to the designated website: www.tourism.gov.hk/travelbubble.
