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Business & Economy Current Affairs August 3rd Week 2019
Author : Admin
Category : Economy Current Affairs
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Business & Economy Current Affairs August 3rd Week 2019

Wipro partners with IISc on robotics and 5G:

Wipro, a global information technology, consulting and business process service company, announced a strategic partnership with the Indian Institute of Science (IISc), India’s premier public establishment for research and higher education in science and engineering, to conduct advanced applied research in autonomous systems, robotics and 5G space. The two organizations have jointly set up the Wipro IISc Research and Innovation Network (WIRIN), a hybrid industry academia collaboration unit drive idea discovery, research and innovation in technology and product design.

A group of senior professors and research staff from IISc and engineers, developers, architects and researchers from the autonomous systems, robotics and 5G domains at Wipro will constitute the team at WIRIN. They will focus on the research and development of cutting-edge technologies in Artificial Intelligence, Machine Learning, Visual Computing, Human Computer Interaction (HCI) and Vehicle-to-everything communication (V2X). The insights from the research will be leveraged by Wipro for its customers and the industry ecosystem. The Institute will benefit from advancing its research goal and capacity building besides commercialization of research outcomes.

Abidali Z. Neemuchwala, Chief Executive Officer and Managing Director, Wipro Limited .  The one of the most prestigious research institutes in the world, to develop innovative solutions for autonomous systems, robotics and 5G. This is a significant step towards strengthening our position to be at the forefront of these transformative technologies.

The strong technology capabilities and capable talent from both organizations will come together to make notable strides in these domains. IISc Bangalore.

India holds 9th Session of India-Kenya Joint Trade Committee in New Delhi:

Union Minister of Commerce & Industry and Railways Shri PiyushGoyal led the Indian delegation. The delegation which is led by Peter Munya, Minister of Industry, Trade and Cooperatives, Government of the Republic of Kenya.

Bilateral trade:

The bilateral trade since the last session of the India-Kenya JTC held in August 2018 in Nairobi, Kenya .

Aim : The main aim is to co operate in the power sector, renewable energy, petroleum and natural gas, civil aviation and agricultural research.

The top items imported to india: Inorganic chemicals, pulses, coffee, drug formulations, biology, copper and products made of copper, wood products, aluminium, products of aluminium, tea and finished leather. Both sides stressed the need to enhance trade relations and also to diversify the trade basket.The top items exported from India are Petroleum products, drug formulations, biological and industrial machinery for dairy, paper, paper board and products, plastic raw materials, two and three-wheelers, iron and steel, manmade yarn, fabrics made-ups, books, publications and printing, electric machinery.

Future investment:

The proposal on investment from Indian side welcomed by Kenya and are to explore the investment opportunities in the Special Economic Zones (SEZs).

Trade in the field of housing.The 2nd meeting of India-Kenya Joint Technical Committee (JTC) on Housing, held in Nairobi on 30th May 2019 recalled.

A Conference on Housing in India and exploring partnership between Kenya Institute of Housing and Building Technology (KIHBT) and Building Materials and Technology Promotion Council (BMTPC), India is to be held in the future.

The MoU(Memorandum of Understanding) between the Ministry of Housing and Urban Affairs, the Government of the Republic of Kenya on cooperation in the field of National Housing Policy Development and Management signed on 11th July 2016 was expanded.

The cooperation in the areas of sustainable urban development including smart cities, water and waste management and urban mobility.

Kenya requested for technical assistance to support the implementation of Kenyan urban and affordable housing programmes.


Manufacturing, agriculture, agro-processing, floriculture, aquaculture, Information, Communication and Technology (ICT) and products such as base metals & articles thereof, textiles & textile articles, vegetables and horticultural products, plastics & rubber, chemical products and machinery & mechanical appliances.



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