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upGrad To Launch 10 Campuses Globally With 30 Mn Dollar Investment Next Year

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It will open three new campuses in the US (at the San Francisco unit goes live in January), five in India (Delhi and Chennai) and one each in Singapore and Middle-East, under a new brand name ‘UGDX’. The company is spanning for college learners and working professionals from the age of 18 to 60 years and more

upGrad, a higher education platform, announced an investment of 30 million dollar to open 10 global campuses in the US, India and other regions in the coming year, on 7 November.

The company said that it will open three new campuses in the US (at the San Francisco unit goes live in January), five in India (Delhi and Chennai) and one each in Singapore and Middle-East, under a new brand name ‘UGDX’.

The co-founder and chairperson, upGrad. Ronnie Screwvala said that this is a a natural extension as a part of our goal in order to be the world’s first and largest fully integrated higher edtech company.

The company is spanning for college learners and working professionals from the age of 18 to 60 years and more. This step after the company decided to move to a hybrid mode consisting both offline and online model under the upGrad brand, he added.

Presently, the company operated facilities in Mumbai, Hyderabad and Bengaluru.

Under ‘UGDX,’ upGrad is planning to conduct faculty recruitments at various geographies along with use of technology to seamlessly integrate campuses, faculty, and corporates within one ecosystem.

Areas of specialisations under ‘UGDX’ will be AI (Artificial Intelligence), machine learning, cybersecurity, Blockchain, connected devices, IoT, quantum computing, digital management, leadership courses and the Cloud, offering certificates, bachelor’s, master’s and doctoral and other programmes in these areas.

Recently, ‘UGDX’ made acquisition of data science, AI, ML-focused offline institute ‘INSOFE’.

The founder and CEO, upGrad INSOFE, Dr Dakshinamurthy Kolluru said that Along with real-world experiences from day one, rich engagements with industry connections will boost the learners too. As compared to other traditional programs, All our programs at ‘UGDX’ consists of at least twice the number of capstones and project work.

Kolluru will also be heading the ‘UGDX’. Along with having a learner base of around three million across the globe with more than 100 countries upGrad has partnered with over 300 university.

economy

India Will Examine Proposal For Price Cap On Russian Oil

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Churning over the West’s plan, Russia President Vladimir Putin thinks putting the price cap will limit Moscow’s crude oil revenue as it seeks to increase the damage against Russia. India, which has benefited from Russian cheap oil, yet to take any decision so far. However, the price cap, may turn out to be a key reference in India’s purchase negotiations for Russian oil and benefit the nation in getting cheaper deals

According to a media report, India said that it will examine the proposal for putting a price cap on Russian oil, on the lines of US and the European Union.

Churning over the West’s plan, Russia President Vladimir Putin thinks putting the price cap will limit Moscow’s crude oil revenue as it seeks to increase the damage against Russia. India, which has benefited from Russian cheap oil, yet to take any decision so far.

However, requests of not joining the price cap proposal have come up from officials and industry executives, as it would hurt India’s interest.

Today Russia is the second-largest supplier of oil to India. This contributes nearly to 20 per cent of the country’s crude imports, which has gone up from 1 per cent before the war.

The countries participating in the price cap plan, have been threatened by Russia to cut supplies. So, it makes no sense for India to provoke Russia and put the steady flow of cheap oil from there at risk, said an official as reported by a media house.

However, the price cap, may turn out to be a key reference in India’s purchase negotiations for Russian oil and benefit the nation in getting cheaper deals, the official added.

The recent decision of Limiting the production by OPEC has also triggered the US as the oil cartel intends to protect its revenue because of slowing demand due to recession in advanced economies. The US said that Putin will be benefitted by this decision and also this has led to dissension of ties between Washington and Riyadh

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Goyal Calls Upon American Investors

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Goyal pointed out that India is opening up discussions with countries on subjects that were never taken up before such as gender, environment, small and medium enterprises, labour and anti-corruption laws

The Union Minister Piyush Goyal recently stated that India provides the best investment opportunity to investors across the world. and called upon investors in the United States (US) to avail the opportunities. While addressing the US India Strategic Partnership Forum (USISPF), he also said that the golden period of ‘Amrit Kaal’ is the most appropriate time to invest in India. Additionally, he also spoke about India-US relations partnership, which is a ‘Partnership of Trust’, resting on 3Ts, that is, trade, technology and talent.  

In order to expand the trade and increase bilateral business opportunities, Goyal also encouraged US investors to share newer ideas, and suggestions on taking India-US relations to the next level.  He noted that India-US relations are based on strong government-to-government engagement, people-to-people ties, large Indian diaspora, business-to-business relations, increasing bilateral trade, deep engagement in geopolitically relevant vibrant  Quad, Ministerial Dialogue, IPEF and robust trade policy forum. 

Goyal asserted that the two countries can work collectively to promote global security, stability and resilient supply chains and a growing economy. The minister also highlighted that India is a much more open economy now.  Goyal pointed out that India is opening up discussions with countries on subjects that were never taken up before such as gender, environment, small and medium enterprises, labour and anti-corruption laws. 

trade

Regular India-US Engagements Under TPF Will Boost Trade, Says USIBC

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“We look forward to playing a significant role in guiding and advancing these issues on behalf of the USIBC membership and working in tandem with both governments”, says USTR.

A regular engagement between India and the United States under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services, the US India Business Council said Tuesday.

“We’re encouraged with positive statements coming from both sides and are certain regular engagements under the Forum will help removing barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services,” the USIBC said.

In a statement, the USIBC congratulated Commerce Minister Piyush Goyal and US Trade Representative (USTR) Katherine Tai for a successful reconvening of the US-India Trade Policy Forum and said that they are glad to see the robust agenda set forth by the leaders.

“Today’s meeting also confirms the widespread benefit of U.S.-India commercial partnership and the importance of innovation and investment, reaffirming the importance of collaboration on the Quad, climate, health, and labor issues, the council said.

“We look forward to playing a significant role in guiding and advancing these issues on behalf of the USIBC membership and working in tandem with both governments,” it said.

(PTI)