Latest news with #JITO
United News of India
7 days ago
- Business
- United News of India
MP CM meets JITO reps in Dubai
Bhopal, July 14 (UNI) Madhya Pradesh Chief Minister Mohan Yadav held wide-ranging discussionS in Dubai today with representatives of the Jain International Trade Organization (JITO) on investment and collaborative opportunities. The chief minister shared the government's vision of positioning the state as a leader in global investment, skilling and technology. He invited the JITO community to be a part of the state's industrial growth journey. Yadav stated that Madhya Pradesh has now emerged as the most favourable investment destination in India due to its strong logistics connectivity, political and economic stability, skilled human resources and investor-friendly industrial policies. The government, he added, is not only attracting investors but is also actively assisting at every stage — from land allocation to project implementation, it was officially learnt. Several potential areas of collaboration between Madhya Pradesh and JITO were discussed during the meeting, including the proposal to establish an annual MP-JITO Investment Forum in Dubai. The forum would serve as a global platform to showcase Madhya Pradesh's key projects in logistics, industrial parks, electric vehicles, food processing and semiconductors. The Chief Minister invited JITO representatives to participate in the upcoming investment forum. He highlighted that the state's new Logistics Policy not only incentivises exporters but also includes provisions that benefit infrastructure developers. Yadav invited corporates associated with JITO from the textile and food sectors to participate in greenfield projects in areas such as Ujjain, Mandsaur and Basai. The Chief Minister proposed that Dubai-based skill development institutes collaborate with Madhya Pradesh's Global Skill Park to launch joint training programmes that would supply skilled manpower to industries. He further emphasised that under the One District, One Product initiative, the state is prioritising coordination with JITO entrepreneurs to export agricultural products such as pulses, oilseeds and processed foods to international markets. The meeting also included discussions on future-forward sectors like renewable energy and drones. The Chief Minister invited clean-tech companies associated with JITO to initiate pilot projects in Madhya Pradesh and noted that the state's renewable energy policy actively promotes innovation in these fields. Yadav also highlighted that, following the historic investment proposals received during the recently concluded Global Investors Summit, the government is now moving swiftly toward effective implementation. He stated that investment in Madhya Pradesh is not only an economic opportunity but also a social responsibility, leading to new enterprises, employment and innovation. The meeting was attended by JITO office-bearers, technology experts and prominent entrepreneurs. They assured the Chief Minister of their active participation in skilling, technology incubation and social development projects in Madhya Pradesh. JITO representatives expressed strong interest in building long-term industrial partnerships with the state and submitted a proposal to host a comprehensive investment dialogue. UNI AC SSP
India Gazette
14-07-2025
- Business
- India Gazette
MP CM Mohan Yadav discusses investment opportunities in MP with UAE's Minister of State for Foreign Trade
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav held a meeting with the UAE's Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi on Monday and discussed the investment opportunities in the state under India-UAE Comprehensive Economic Partnership Agreement (CEPA) and I2U2 collaboration. Mohan Yadav said that Madhya Pradesh offers a suitable industrial base, policy support and necessry infrastructure for UAE's investment in various sectors like textiles, pharma, smart manufacturing, renewable energy, and food processing. In a post on X, Mohan Yadav stated, 'Today, on the second day of the Dubai visit, I met with the UAE Minister of State for Foreign Trade, H.E. Dr. Thani Bin Ahmed Al Zeyoudi, and held extensive discussions on the immense investment opportunities in Madhya Pradesh under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and I2U2 collaboration.' 'Madhya Pradesh offers a suitable industrial base, policy support, and necessary infrastructure for UAE investments in sectors such as EV, textiles, pharma, smart manufacturing, renewable energy, and food processing. Additionally, there are vast opportunities for partnership in areas like mineral resources, tourism, healthcare, 'plug and play' industrial parks, and air cargo. This multidimensional collaboration based on CEPA and I2U2 will elevate India-UAE relations to new heights and prove significant in realizing the vision of a 'Developed Madhya Pradesh',' he added. CM Yadav is on an official visit to UAE. Earlier in the day, he held a high-level bilateral meeting with Chairman of the JAIN International Trade Organisation (JITO) group, Mukesh Vora, discussing the potential for industrial collaboration and investment in Madhya Pradesh. According to a post on the MP Chief Minister's Office on X, both leaders reached a consensus on establishing the MP-JITO investment platform in Dubai, aimed at deepening ties in advanced manufacturing, logistics, renewable energy, skill development, MSME promotion, and educational exchange. 'Chief Minister Dr. Mohan Yadav, during his Dubai visit, held a high-level bilateral meeting with Mr. Mukesh Vora, Chairman of the JITO (Jain International Trade Organisation) group. The meeting extensively discussed the possibilities of investment and industrial cooperation in Madhya Pradesh. During this, consensus was reached on establishing the MP-JITO investment platform in Dubai, encouraging joint ventures in advanced manufacturing, logistics, and renewable energy sectors, as well as strengthening partnerships in the areas of skill development, MSME promotion, and educational exchange,' the CMO stated in the X post. Mohan Yadav met with the Chairman of Emirates Airlines and the Dubai Civil Aviation Authority, Sheikh Ahmed bin Saeed Al Maktoum and the Senior Vice President of Commercial Operations for West Asia and the Indian Ocean at Emirates, Essa Sulaiman Ahmad. During the meeting, the two sides discussed strengthening aviation cooperation between India and the UAE and enhancing aviation ties, with a particular focus on promoting direct flight services from Tier-2 cities like Indore and Bhopal, developing a regional cargo hub in Central India, and exploring opportunities in aviation training and Maintenance, Repair, and Overhaul (MRO) infrastructure. He also held a crucial meeting with the CEO and Director of Grew Energy Private Limited, Vinay Thadani, and his delegation on the 3.0 gigawatt solar cell project in the state's Narmadapuram district, which is expected to create over 700 jobs and position Madhya Pradesh as a leader in the sustainable energy sector. Following the meetings, Yadav highlighted the broader investment dialogue, emphasising the positive responses from Dubai's industrial community regarding investments in air ambulance, civil aviation, and MRO sectors, as well as meaningful suggestions in wellness, healthcare, energy, and services. 'The investment dialogue of Madhya Pradesh in Dubai began this morning with various important meetings and discussions... Detailed discussions were held with the Consul General of India and Embassy officials, focusing on making business abroad smoother and more effective. Considering the potential in areas such as mineral resources, industrial infrastructure, and food processing parks, extensive dialogues took place with various business representatives,' Yadav said. 'One-on-one meetings were held regarding potential investments in air ambulance, civil aviation, and MRO sectors, which received positive responses from Dubai's industrial community. Additionally, meaningful suggestions emerged in the fields of wellness, healthcare, energy, and services. Investors showed keen interest in gold and diamond mining, as well as other mineral-based sectors, which will give a new direction to the state's development,' he added. He is scheduled to travel to Spain after concluding his visit to UAE. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities under the umbrella of 'Global Dialogue 2025'. (ANI)
Time of India
26-06-2025
- Health
- Time of India
Rally to raise awareness against drug usage held
Pic: JITO Belgaum, in association with the FDA, organised a rally to raise awareness for the International Day Against Drug Abuse and Illicit Trafficking on Thursday. Belagavi: The Jain International Trade Organisation (JITO) Belagavi, in association with the Food Safety & Drug Administration (FDA), Belagavi, successfully organised a rally to raise awareness as part of the International Day Against Drug Abuse and Illicit Trafficking on Thursday. The event saw an impressive gathering of over 1,000 students, the public, and other participants at Rani Channamma Circle, Belagavi. The rally was flagged off by chief guest Bhushan Gulabrao Borase, commissioner of police, Belagavi City, from Rani Channamma Circle. He participated in the rally until its conclusion at the KLE Centenary Convention Center and addressed the gathering with a few inspiring words. JITO Belagavi chairman Harshavardhan Inchal accompanied the rally. Deputy drug controller Nagaraj, assistant drug controllers K Mallikarjun, Raghuram N, Manohar, drug inspector Renuprasad, and Dayanand from the Food Safety and Drug Administration (FDA), Belagavi, were present. From JITO Belagavi, event convenor and physician Dr Devagouda Imagoudanavar, along with many other JITO members, were also present. This mega-rally garnered significant support from the Belgaum District Retailer and Wholesale Pharma Association, as well as various educational institutions such as KLE University, Rani Chennamma College of Pharmacy, Maratha Mandal College of Pharmacy, Sagar College of Pharmacy, Shree Paramedical, Bharatesh Nursing College, and many more organisations. Throughout the rally, participants enthusiastically chanted slogans to amplify awareness. At the conclusion of the event, JITO Belagavi chief secretary Abhay Adimani extended his gratitude to all who were present, acknowledging their contributions in making the rally a grand success.
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Business Standard
20-06-2025
- Business
- Business Standard
SastaSundar to invest Rs 150 crore in 2 yrs, aims turnaround in FY26
SastaSundar Ventures Ltd is in the process of investing Rs 150 crore over the next two years to strengthen its digital healthcare platform and warehousing infrastructure to make a turnaround and return to profit in FY'26, a company official said on Thursday. The investment will largely be funded through a Rs 145-crore capital pool, created from the Flipkart Health exit settlement and internal treasury income. The Kolkata-based online pharmacy ended its partnership with Flipkart Health earlier this year and relaunched its B2C platform under its own brand. "We are aiming to return to net profit in the current fiscal through strategic initiatives. We are focusing on the execution of these and capital-efficient growth to recover the company from a Rs 122 crore net loss in FY'25. "Out of the Rs 150 crore, about Rs 40 crore was deployed in FY'25, and the remaining Rs 110 crore will be invested in FY'26 and FY'27," SastaSundar Chairman B L Mittal told PTI. To tap into the rising demand for affordable medication, SastaSundar has launched JITO, a curated generics medicine channel under its main brand. "We expect to invest nearly Rs 25 crore to develop the JITO platform to push retail sales," Mittal said. The concept of quality-verified generic substitutes is gaining popularity, offering customers significant discounts compared to branded prescription drugs. With a Rs 50-crore investment planned in technology and AI-driven healthcare tools, the company is targeting to double its B2C business in FY'26, from Rs 144 crore achieved in FY'25. A major portion of this investment will go towards hiring tech and AI talent to build digital consultation, diagnostics, and personal health profiling tools, Mittal recently informed investors in a conference call. On the distribution side, 250 Health Buddies are currently active post the Flipkart exit, and the company expects this number to rise to around 400 by the end of FY'26, he said. On the B2B front, RetailerShakti, which supplies to pharmacies, delivered a strong performance with revenue nearly doubling to Rs 941 crore in FY'25, he said. The company is targeting EBITDA breakeven for RetailerShakti in the last quarter of FY'26. By FY'30, SastaSundar aims to achieve a blended EBITDA margin of 4-5 per cent.
Hans India
09-06-2025
- Business
- Hans India
Hyderabad to host India's largest Jain business summit
Hyderabad: The Hyderabad Chapter of the Jain International Trade Organisation (JITO) hosted a spectacular curtain raiser event for JITO Connect 2025, set to be the largest-ever congregation of Jain entrepreneurs, innovators, and changemakers in India. Scheduled from October 3rd to 5th at HITEX & HICC, Hyderabad, the national summit is expected to host over 50,000 participants, with 2 lakh footfalls, 1,000 business stalls, and global sessions focused on entrepreneurship, innovation, and community development. The curtain raiser included a vibrant fashion show and the official unveiling of 'The Bridal Story', an exclusive, high-end wedding exhibition curated by the JITO Ladies Wing, featuring top designers like Deepthi Reddy, Wrickie Angrish, Rosy Ahluwalia, and Pallavi Jaipur. Unveiling the roadmap, JITO Apex Chairman Prithviraj S. Kothari emphasized Hyderabad's selection over major metros, highlighting the city's strategic role in hosting such a milestone event. He announced major initiatives planned during the summit, including: JITO Apex President Vijay Bhandari hailed the summit as the 'Mahakumbh of JITO,' noting its phenomenal growth from 12,000 members in 2016 to 50,000 today. Secretary General Lalit Kumar Dangi underlined JITO Connect's vision for inclusive economic empowerment, driven by youth, women, and social service wings. Gautam Pokarna, Founder of JITO Hyderabad, pledged to make JITO Connect 2025 the most successful edition yet. Rohit Kothari, Chairman of JITO Hyderabad, celebrated the city's role in hosting the national summit for the first time in 18 years since the chapter's inception. Key sectors such as Artificial Intelligence, Startups (via JIIF, JITEM), and sectoral focus zones will take center stage at the summit. Sponsorships and stall bookings officially opened at the event. Driven by the ethos of 'Aarthik Sudradhata, Shiksha, and Seva', JITO continues to set new benchmarks in sustainable business growth and inclusive development. JITO Connect 2025 promises to be a landmark celebration of entrepreneurship, collaboration, and community leadership.
