Japanese hotel chain, Hotel Management International (HMI) Company Limited is developing 30 hotels in Which State with an investment of â‚¹7,200 crore?

Daily Current Affairs

Karnataka

Telangana

Maharashtra

Uttar Pradesh

Correct Answer : Uttar Pradesh

The representatives of Japan in GIS also praised the changed atmosphere of Uttar Pradesh. Investors signed MoU for the investment of Rs 7,200 crores. At the summit, the Japanese company "Hotel Management International Company Limited (HMI Group)" decided to open hotels in 30 cities including Agra, Ayodhya, and Varanasi.

* The efforts of the Yogi Adityanath-led Uttar Pradesh government to harness UP’s tourism potential have not only resulted in an increased stream of domestic and foreign tourists, but would also produce numerous employment opportunities in tourist hotspots, an official release said on Sunday (26th Feb 2023).

* In 2022, Uttar Pradesh witnessed the arrival of 24.87 crore tourists to the state, of which the number of foreigners was 4.10 lakh. Owing to the sustained efforts of CM Adityanath, the tourism and hospitality sectors also garnered immense attention from the investors in the Global Investors Summit held recently in the state capital.

* The state government further highlighted the contribution of Japan in the making of hotels in 30 cities of Uttar Pradesh.

* A huge temple of Maryada Purushottam Shriram will also be built in Ayodhya by January 2024, boosting tourism in the state.

* More than 2 crore visitors visited Ayodhya in the first six months of 2022, according to the statement.

* Uttar Pradesh’s tourism and hospitality centres have received investment offers totaling Rs 98193 crores and Rs 20722 crores respectively. These industries would provide around 1.45 lakh job opportunities in the coming years.

* Further, the statement said that the under-construction Vishwanath Dham Corridor and Vindhya Dham helped some cities including Agra, Mathura, Chitrakoot, and Jhansi to develop their tourism potential.

* The building of Ram Mandir in Ayodhya and Vindhya Dham in Vindhyachal is also progressing quickly.

* The large inflow of international and local investment in these areas will help ensure that young people have job prospects in their hometowns.

* The UP government received 397 tourism-related proposals, including bids from the top 20 industries. This has the potential to generate an investment of Rs 98,193 crore. More than 2.60 lakh employment would be created, with 437 bids received in the hospitality industry.

* According to the statement, around one lakh youth in Paschimmanchal, Purvanchal, Madhya Pradesh, and Bundelkhand would benefit from this.

Source : Travel and Tour World

Published On : February 28, 2023

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Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

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Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

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Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

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Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024