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Category: Transport

  • MIL-OSI: Breaking Presale News: Meme Coin Little Pepe Raises $6,575,000, Stage 5 Sold Out

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 15, 2025 (GLOBE NEWSWIRE) — Little Pepe ($LILPEPE) has officially sold out Stage 5 of its presale in record time, surpassing $6.575 million in total funds raised and solidifying its position as one of the fastest-growing meme coin projects on the market.

    Powered by an EVM-compatible Layer 2 blockchain, Little Pepe continues to attract investors with its blend of meme-driven community appeal and real technological infrastructure. With Stage 6 now live and tokens priced at $0.0015, momentum around the project shows no signs of slowing as crypto enthusiasts race to get in before the next price increase.

    Rapid Presale Growth and Stage 6 Launch

    Little Pepe’s presale has been nothing short of explosive. With each stage selling out faster than the last, the demand for $LILPEPE tokens has intensified as more users recognize the project’s long-term potential. Stage 5, priced at $0.0014, drew thousands of new investors eager to get in before the next price hike. That momentum has now carried into Stage 6, where tokens are available at $0.0015—a 7% increase from the previous stage.

    The consistent growth of the presale shows that this is more than just another short-lived meme coin. It’s a project that blends Ethereum compatibility, Layer 2 scalability, and a strong community narrative, making it one of the most promising entrants in the 2025 meme coin cycle.

    Backed by Real Blockchain Infrastructure

    While most meme coins rely purely on social buzz and viral campaigns, Little Pepe brings potential innovation to the desk. It is built on a custom EVM-well matched Layer 2 blockchain, designed for high-speed, low-fee transactions. This gives it a major advantage over traditional ERC-20 meme tokens that still depend upon Ethereum’s congested mainnet.

    By the usage of Layer 2 technology, Little Pepe is capable of offering faster, inexpensive interactions while still benefiting from the security of Ethereum. This positions it as a future-ready platform, capable of supporting decentralized applications (dApps), NFT market, staking, and more.

    Community-Driven Project & Final Presale Stages Approaching

    At its heart, Little Pepe is a community-powered ecosystem, driven by its holders and fans across social media. From Telegram groups to X (formerly Twitter), the project’s vibrant following has helped fuel the rapid presale growth. This isn’t just hype—it’s a well-organized effort to support a meme coin that offers both humor and utility.

    As Little Pepe moves through the remaining stages of its presale, excitement continues to build. Investors now entering at Stage 6 are hoping to ride the wave ahead of potential exchange listings and ecosystem rollouts. With over $6.575M already raised and the price per token increasing stage by stage, $LILPEPE is quickly shaping up to be one of the breakout meme coins of the year. To participate in the presale before the next price jump, visit the official website: littlepepe.com.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:
    Website: https://littlepepe.com/
    Telegram: https://t.me/littlepepetoken
    Twitter: https://x.com/littlepepetoken

    Contact Details: COO- James Stephen Email: media@littlepepe.com

    Disclaimer: This content is provided by Little Pepe. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd910a2e-44b6-413b-a5f8-c79d3e9cf766

    The MIL Network –

    July 15, 2025
  • MIL-OSI United Nations: 15 July 2025 Joint News Release Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    Source: World Health Organisation

    In 2024, 89% of infants globally – about 115 million – received at least one dose of the diphtheria, tetanus and pertussis (DTP)-containing vaccine, and 85% – roughly 109 million – completed all three doses, according to new national immunization coverage data released today by the World Health Organization (WHO) and UNICEF.

    Compared to 2023, around 171 000 more children received at least one vaccine, and one million more completed the full three-dose DTP series. While the gains are modest, they signal continued progress by countries working to protect children, even amid growing challenges.

    Still, nearly 20 million infants missed at least one dose of DTP-containing vaccine last year, including 14.3 million “zero-dose” children who never received a single dose of any vaccine. That’s 4 million more than the 2024 target needed to stay on track with Immunization Agenda 2030 goals, and 1.4 million more than in 2019, the baseline year for measuring progress.

    “Vaccines save lives, allowing individuals, families, communities, economies and nations to flourish,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “It’s encouraging to see a continued increase in the number of children being vaccinated, although we still have a lot of work to do. Drastic cuts in aid, coupled with misinformation about the safety of vaccines, threaten to unwind decades of progress. WHO remains committed to working with our partners to support countries to develop local solutions and increase domestic investment to reach all children with the lifesaving power of vaccines.”

    Children often remain un- or under-vaccinated due to a combination of factors, such as limited access to immunization services, disrupted supply, conflict and instability, or misinformation about vaccines.

    Access to vaccines remains deeply unequal

    Data from 195 countries show that 131 countries have consistently reached at least 90% of children with the first dose of DTP vaccine since 2019, but there has been no significant movement in expanding this group. Among the countries that reached less than 90% in 2019, only 17 managed to increase their coverage rates in the past five years. Meanwhile, in 47 countries, progress is stalling or worsening. This includes 22 countries that achieved and surpassed the 90% target in 2019 but have since declined.

    The data shows conflict and humanitarian crises can quickly erode vaccination progress. A quarter of the world’s infants live in just 26 countries affected by fragility, conflict, or humanitarian crises, yet they make up half of all unvaccinated children globally. Concerningly, in half of these countries the number of unvaccinated children has expanded rapidly from 3.6 million in 2019 to 5.4 million in 2024, underscoring the need for humanitarian responses to include immunization.

    Immunization coverage in the 57 low-income countries supported by Gavi, the Vaccine Alliance have improved in the past year, reducing the number of un- and under-vaccinated children by roughly 650 000. At the same time, signs of slippage are emerging in upper-middle- and high-income countries that have previously maintained at least 90% coverage. Even small declines in immunization coverage can dramatically raise the risk of disease outbreaks and place additional strain on already overstretched health systems.

    “The good news is that we have managed to reach more children with life-saving vaccines. But millions of children remain without protection against preventable diseases, and that should worry us all,” said UNICEF Executive Director Catherine Russell. “We must act now with determination to overcome barriers like shrinking health budgets, fragile health systems along with misinformation and access constraints because of conflicts. No child should die from a disease we know how to prevent.”

    Broadening protection against vaccine-preventable diseases

    Despite these challenges, countries – especially those supported by Gavi – continue to introduce and scale up vaccines, including against human papillomavirus (HPV), meningitis, pneumococcal disease, polio, and rotavirus.

    For example, large national scale-ups of the HPV vaccine and revitalization efforts in countries that have previously introduced the vaccine, have boosted global coverage by 4% in the past year. In 2024, 31% of eligible adolescent girls globally received at least 1 dose of the HPV vaccine – most doses were administered in countries using a single-dose schedule. While far from the 90% coverage target by 2030, it represents a substantial increase from the 17% coverage in 2019.

    “In 2024, lower-income countries protected more children than ever before, with coverage rates increasing across all Gavi-supported vaccines,” said Dr Sania Nishtar, CEO of Gavi, the Vaccine Alliance. “Yet population growth, fragility and conflict present major hurdles to achieving equity, leaving the most vulnerable children and communities at risk. Continued commitment from governments and partners will be critical to saving lives and protecting the world from infectious disease threats.”

    Coverage against measles also improved, with 84% of children receiving the first dose and 76% receiving the second dose, which shows slight increase from the previous year. An estimated 2 million more children were reached in 2024, but the overall coverage rate is far below the 95% needed in every community to prevent outbreaks.

    This results in more than 30 million children remaining under-protected against measles, leading to more large or disruptive outbreaks. In 2024, the number of countries experiencing large or disruptive measles outbreaks rose sharply to 60, nearly doubling from 33 in 2022.

    The promise of protecting every child is at risk

    Although the community demand for childhood vaccination remains high and protection against more diseases is expanding, the latest estimates highlight a concerning trajectory. National and global funding shortfalls, growing instability worldwide, and rising vaccine misinformation threaten to further stall or even reverse progress which would risk increases in severe disease and deaths from vaccine-preventable diseases.

    WHO and UNICEF call on governments and relevant partners to:

    • close the funding gap for Gavi’s next strategic cycle (2026–2030) to protect millions of children in lower-income countries and global health security;
    • strengthen immunization in conflict and fragile settings to reach more zero-dose children and prevent deadly disease outbreaks;
    • prioritize local-led strategies and domestic investment, embedding immunization firmly within primary health care systems to close equity gaps;
    • counter misinformation and further increase vaccine uptake through evidence-based approaches; and
    • invest in stronger data and disease surveillance systems to guide high-impact immunization programmes.
       

    Notes to editors 

    WHO and UNICEF are working with Gavi, the Vaccine Alliance and other partners to deliver the global Immunization Agenda 2030 (IA2030), a strategy for all countries and relevant global partners to achieve set goals on preventing diseases through immunization and delivering vaccines to everyone, everywhere, at every age.

    About the data 

    Based on country-reported data, the WHO and UNICEF estimates of national immunization coverage (WUENIC) provide the world’s largest and most comprehensive dataset on immunization trends for vaccinations against 14 diseases given through regular health systems – normally at clinics, community centres, outreach services, or health worker visits. For 2024, data were provided from 189 countries. 

    About WHO 

    Dedicated to the health and well-being of all people and guided by science, the World Health Organization leads and champions global efforts to give everyone, everywhere, an equal chance at a safe and healthy life. We are the UN agency for health. We connect nations, partners and people on the front lines in 150+ locations – leading the world’s response to health emergencies, preventing disease, addressing the root causes of health issues and expanding access to medicines and health care. Our mission is to promote health, keep the world safe and serve the vulnerable. www.who.int

    About UNICEF

    UNICEF, the United Nations agency for children, works to protect the rights of every child, everywhere, especially the most disadvantaged children and in the toughest places to reach. Across more than 190 countries and territories, we do whatever it takes to help children survive, thrive, and fulfil their potential.

    For more information about UNICEF and its work, please visit: www.unicef.org
    Follow UNICEF on X (Twitter), Facebook, Instagram, and YouTube

    MIL OSI United Nations News –

    July 15, 2025
  • MIL-OSI United Nations: 15 July 2025 Joint News Release Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    Source: World Health Organisation

    In 2024, 89% of infants globally – about 115 million – received at least one dose of the diphtheria, tetanus and pertussis (DTP)-containing vaccine, and 85% – roughly 109 million – completed all three doses, according to new national immunization coverage data released today by the World Health Organization (WHO) and UNICEF.

    Compared to 2023, around 171 000 more children received at least one vaccine, and one million more completed the full three-dose DTP series. While the gains are modest, they signal continued progress by countries working to protect children, even amid growing challenges.

    Still, nearly 20 million infants missed at least one dose of DTP-containing vaccine last year, including 14.3 million “zero-dose” children who never received a single dose of any vaccine. That’s 4 million more than the 2024 target needed to stay on track with Immunization Agenda 2030 goals, and 1.4 million more than in 2019, the baseline year for measuring progress.

    “Vaccines save lives, allowing individuals, families, communities, economies and nations to flourish,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “It’s encouraging to see a continued increase in the number of children being vaccinated, although we still have a lot of work to do. Drastic cuts in aid, coupled with misinformation about the safety of vaccines, threaten to unwind decades of progress. WHO remains committed to working with our partners to support countries to develop local solutions and increase domestic investment to reach all children with the lifesaving power of vaccines.”

    Children often remain un- or under-vaccinated due to a combination of factors, such as limited access to immunization services, disrupted supply, conflict and instability, or misinformation about vaccines.

    Access to vaccines remains deeply unequal

    Data from 195 countries show that 131 countries have consistently reached at least 90% of children with the first dose of DTP vaccine since 2019, but there has been no significant movement in expanding this group. Among the countries that reached less than 90% in 2019, only 17 managed to increase their coverage rates in the past five years. Meanwhile, in 47 countries, progress is stalling or worsening. This includes 22 countries that achieved and surpassed the 90% target in 2019 but have since declined.

    The data shows conflict and humanitarian crises can quickly erode vaccination progress. A quarter of the world’s infants live in just 26 countries affected by fragility, conflict, or humanitarian crises, yet they make up half of all unvaccinated children globally. Concerningly, in half of these countries the number of unvaccinated children has expanded rapidly from 3.6 million in 2019 to 5.4 million in 2024, underscoring the need for humanitarian responses to include immunization.

    Immunization coverage in the 57 low-income countries supported by Gavi, the Vaccine Alliance have improved in the past year, reducing the number of un- and under-vaccinated children by roughly 650 000. At the same time, signs of slippage are emerging in upper-middle- and high-income countries that have previously maintained at least 90% coverage. Even small declines in immunization coverage can dramatically raise the risk of disease outbreaks and place additional strain on already overstretched health systems.

    “The good news is that we have managed to reach more children with life-saving vaccines. But millions of children remain without protection against preventable diseases, and that should worry us all,” said UNICEF Executive Director Catherine Russell. “We must act now with determination to overcome barriers like shrinking health budgets, fragile health systems along with misinformation and access constraints because of conflicts. No child should die from a disease we know how to prevent.”

    Broadening protection against vaccine-preventable diseases

    Despite these challenges, countries – especially those supported by Gavi – continue to introduce and scale up vaccines, including against human papillomavirus (HPV), meningitis, pneumococcal disease, polio, and rotavirus.

    For example, large national scale-ups of the HPV vaccine and revitalization efforts in countries that have previously introduced the vaccine, have boosted global coverage by 4% in the past year. In 2024, 31% of eligible adolescent girls globally received at least 1 dose of the HPV vaccine – most doses were administered in countries using a single-dose schedule. While far from the 90% coverage target by 2030, it represents a substantial increase from the 17% coverage in 2019.

    “In 2024, lower-income countries protected more children than ever before, with coverage rates increasing across all Gavi-supported vaccines,” said Dr Sania Nishtar, CEO of Gavi, the Vaccine Alliance. “Yet population growth, fragility and conflict present major hurdles to achieving equity, leaving the most vulnerable children and communities at risk. Continued commitment from governments and partners will be critical to saving lives and protecting the world from infectious disease threats.”

    Coverage against measles also improved, with 84% of children receiving the first dose and 76% receiving the second dose, which shows slight increase from the previous year. An estimated 2 million more children were reached in 2024, but the overall coverage rate is far below the 95% needed in every community to prevent outbreaks.

    This results in more than 30 million children remaining under-protected against measles, leading to more large or disruptive outbreaks. In 2024, the number of countries experiencing large or disruptive measles outbreaks rose sharply to 60, nearly doubling from 33 in 2022.

    The promise of protecting every child is at risk

    Although the community demand for childhood vaccination remains high and protection against more diseases is expanding, the latest estimates highlight a concerning trajectory. National and global funding shortfalls, growing instability worldwide, and rising vaccine misinformation threaten to further stall or even reverse progress which would risk increases in severe disease and deaths from vaccine-preventable diseases.

    WHO and UNICEF call on governments and relevant partners to:

    • close the funding gap for Gavi’s next strategic cycle (2026–2030) to protect millions of children in lower-income countries and global health security;
    • strengthen immunization in conflict and fragile settings to reach more zero-dose children and prevent deadly disease outbreaks;
    • prioritize local-led strategies and domestic investment, embedding immunization firmly within primary health care systems to close equity gaps;
    • counter misinformation and further increase vaccine uptake through evidence-based approaches; and
    • invest in stronger data and disease surveillance systems to guide high-impact immunization programmes.
       

    Notes to editors 

    WHO and UNICEF are working with Gavi, the Vaccine Alliance and other partners to deliver the global Immunization Agenda 2030 (IA2030), a strategy for all countries and relevant global partners to achieve set goals on preventing diseases through immunization and delivering vaccines to everyone, everywhere, at every age.

    About the data 

    Based on country-reported data, the WHO and UNICEF estimates of national immunization coverage (WUENIC) provide the world’s largest and most comprehensive dataset on immunization trends for vaccinations against 14 diseases given through regular health systems – normally at clinics, community centres, outreach services, or health worker visits. For 2024, data were provided from 189 countries. 

    About WHO 

    Dedicated to the health and well-being of all people and guided by science, the World Health Organization leads and champions global efforts to give everyone, everywhere, an equal chance at a safe and healthy life. We are the UN agency for health. We connect nations, partners and people on the front lines in 150+ locations – leading the world’s response to health emergencies, preventing disease, addressing the root causes of health issues and expanding access to medicines and health care. Our mission is to promote health, keep the world safe and serve the vulnerable. www.who.int

    About UNICEF

    UNICEF, the United Nations agency for children, works to protect the rights of every child, everywhere, especially the most disadvantaged children and in the toughest places to reach. Across more than 190 countries and territories, we do whatever it takes to help children survive, thrive, and fulfil their potential.

    For more information about UNICEF and its work, please visit: www.unicef.org
    Follow UNICEF on X (Twitter), Facebook, Instagram, and YouTube

    MIL OSI United Nations News –

    July 15, 2025
  • MIL-OSI Asia-Pac: July 2025 issue of “Hong Kong Monthly Digest of Statistics” now available

    Source: Hong Kong Government special administrative region

    July 2025 issue of “Hong Kong Monthly Digest of Statistics” now available 
         Apart from providing up-to-date statistics, this issue also contains two feature articles entitled “Foreign Affiliates Statistics of Hong Kong” and “The Asset Management Industry in Hong Kong”.
     
    “Foreign Affiliates Statistics of Hong Kong”
     
         With globalisation of the world economy, it is popular for multinational enterprises to provide services to customers in another economy through setting up affiliated companies abroad.
     
         In view of the importance of services supplied via this mode, the C&SD has developed a statistical framework for compiling relevant statistics, known as “foreign affiliates statistics (FATS)”. This feature article briefly describes the statistical system for compiling inward FATS, and presents principal inward FATS of Hong Kong for 2023. It is an update of similar articles on the same subject published in preceding years.
     
         For enquiries about this feature article, please contact the Trade in Services Statistics Section of the C&SD (Tel: 3903 7410; email: tis@censtatd.gov.hk 
    “The Asset Management Industry in Hong Kong”
     
         Hong Kong is one of the most vibrant international financial centres in the world and has strength in managing investments in the Asia Pacific region. The asset management industry has a stable development in Hong Kong in recent years. This feature article presents the operating characteristics and economic contribution of this industry between 2019 and 2023. It also briefly highlights the recent quarterly business performance of this industry.
     
         For enquiries about this feature article, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7266; email:
    business-services@censtatd.gov.hk 
         Published in bilingual form, the HKMDS is a compact volume of official statistics containing about 130 tables. It collects up-to-date statistical series on various aspects of the social and economic situation of Hong Kong. Topics include population; labour; external trade; National Income and Balance of Payments; prices; business performance; energy; housing and property; government accounts, finance and insurance; and transport, communications and tourism. For selected key statistical items, over 20 charts depicting the annual trend in the past decade and quarterly or monthly trend in the recent two years are also available. Users can download the Digest at the website of the C&SD (
    www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1010002&scode=460 
         Enquiries about the contents of the Digest can be directed to the Statistical Information Dissemination Section (1) of the C&SD (Tel: 2582 4738; email:
    gen-enquiry@censtatd.gov.hkIssued at HKT 16:30

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    July 15, 2025
  • MIL-OSI Russia: After a heart attack, 44% of patients abandon therapy, risking a repeat attack – study by RUDN scientists

    Translation. Region: Russian Federal

    Source: Peoples’Friendship University of Russia –

    An important disclaimer is at the bottom of this article.

    Researchers from the RUDN Medical Institute and Moscow City Polyclinic No. 2 analyzed how patients after acute myocardial infarction comply with recommendations for taking dual antiplatelet therapy (DAPT) — a combination of acetylsalicylic acid (ASA) and a P2Y12 inhibitor (ticagrelor, clopidogrel or prasugrel). The work was awarded first place in the Competition of scientific works of young scientists in the field of drug safety “LekBez 2025” at the III Russian Congress “Pharmacotherapy Safety 360°: Noli nocere!”

    The study included 168 patients who demonstrated high adherence to dual antiplatelet therapy in the first 6 months after myocardial infarction and assessed how their behavior changed over the course of a year, as well as the relationship between adherence, bleeding complications of therapy and the risk of recurrent cardiovascular events.

    After myocardial infarction, DAPT is critical to prevent recurrent infarctions. However, according to the study results, 43.5% of patients stopped adhering to the therapy regimen in the second half of the year, despite preferential provision of drugs in Moscow. 24.4% of patients experienced hemorrhagic complications (bleeding), which forced them to independently adjust or stop treatment. An additional problem was the rare use of the PRECISE-DAPT scale by doctors to predict bleeding, although this risk was high in 22.6% of patients when assessed in the study. These circumstances lead to a dilemma: refusal of DAPT reduces the number of bleedings, but increases the risk of recurrent infarctions. For example, non-adherent patients were hospitalized due to cardiac complications in the second half of the year more than three times more often than those who continued therapy.

    “Solving this problem requires a comprehensive approach. First of all, it is necessary to implement treatment adherence monitoring by recording electronic prescriptions. This will allow doctors to track the patient’s compliance with therapy in real time and promptly adjust prescriptions. In addition, an individual approach to therapy adjustment is necessary. For example, in case of mild bleeding, it is advisable to temporarily reduce the dose of acetylsalicylic acid (19.5% of cases) or replace ticagrelor with clopidogrel (9.8%). For patients with a high risk of bleeding according to the PRECISE-DAPT scale, international recommendations provide for a reduction in the duration of DAPT to 3-6 months. It is equally important to implement continuous education among both patients and healthcare professionals. Patients need to be explained the risks associated with interrupting therapy, and doctors need to be informed about the importance of using modern bleeding risk assessment scales to prescribe the correct personalized treatment,” says Dmitry Klyuev, assistant professor at the Department of General and Clinical Pharmacology, RUDN Medical Institute.

    The study was conducted by a research team from RUDN University. Among the co-authors:

    Sergey Fitilev, Professor of the Department of General and Clinical Pharmacology; Irina Shkrebneva, Associate Professor of the Department of General and Clinical Pharmacology; Alexander Vozzhaev, Professor of the Department of General and Clinical Pharmacology; Anna Ovaeva, Assistant of the Department of General and Clinical Pharmacology.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 15, 2025
  • MIL-OSI Video: Advancing Cancer Research: US Scientist Finds Innovation in Spain

    Source: European Commission (video statements)

    A scientist from the US shares how relocating to Oviedo, supported by EU funding, allowed her to pursue groundbreaking research in cancer and immunity while finding a better balance in life and work.

    Amid Spain’s vibrant research networks and supportive social infrastructure, she reflects on the freedom to explore big ideas, raise a family, and grow in a community that values both science and well-being.

    This is a story of momentum sparked by curiosity, crossing borders and discovering new purpose in the rhythm of research, collaboration, and care.

    00:04 Finding the Right Place
    00:25 Doing Work That Matters
    01:14 Support to Keep Going
    01:31 A Great Team Environment
    01:53 A Better Life Outside the Lab
    02:26 Why Research Funding Matters

    Watch on the Audiovisual Portal of the European Commission:
    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=O7PRQ8UmKPw

    MIL OSI Video –

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

    July 15, 2025
  • Indonesia rescues 11 who swam for hours to survive boat capsize

    Source: Government of India

    Source: Government of India (4)

    Indonesian rescuers found alive on Tuesday 11 people missing at sea who had survived a boat capsize in bad weather by swimming for at least six hours to the nearest island, officials said.

    Two boats and dozens of rescuers hunted for those missing after the boat with 18 aboard overturned off the Mentawai Islands in the province of West Sumatra at about 11 a.m. on Monday, regional officials said.

    “It was raining hard when the incident happened,” island official Rinto Wardana told Reuters. “Some of the passengers managed to swim and reach the nearest island.”

    Seven had been rescued earlier, Wardana added. Ten of those on board were local government officials on a business trip to the town of Tuapejat, the boat’s destination when it left Sikakap, another small town in the Mentawai Islands. .

    The Mentawai Islands consist of four main islands and many smaller ones.

    Boats and ferries are a regular mode of transport in Indonesia, an archipelago of more than 17,000 islands, where accidents are caused by bad weather and lax safety standards that often allow vessels to be overloaded.

    When a ferry sank this month near the tourist resort island of Bali with 65 aboard, 30 passengers survived, while 18 died and 17 went missing.

    (Reuters)

    July 15, 2025
  • Indonesia rescues 11 who swam for hours to survive boat capsize

    Source: Government of India

    Source: Government of India (4)

    Indonesian rescuers found alive on Tuesday 11 people missing at sea who had survived a boat capsize in bad weather by swimming for at least six hours to the nearest island, officials said.

    Two boats and dozens of rescuers hunted for those missing after the boat with 18 aboard overturned off the Mentawai Islands in the province of West Sumatra at about 11 a.m. on Monday, regional officials said.

    “It was raining hard when the incident happened,” island official Rinto Wardana told Reuters. “Some of the passengers managed to swim and reach the nearest island.”

    Seven had been rescued earlier, Wardana added. Ten of those on board were local government officials on a business trip to the town of Tuapejat, the boat’s destination when it left Sikakap, another small town in the Mentawai Islands. .

    The Mentawai Islands consist of four main islands and many smaller ones.

    Boats and ferries are a regular mode of transport in Indonesia, an archipelago of more than 17,000 islands, where accidents are caused by bad weather and lax safety standards that often allow vessels to be overloaded.

    When a ferry sank this month near the tourist resort island of Bali with 65 aboard, 30 passengers survived, while 18 died and 17 went missing.

    (Reuters)

    July 15, 2025
  • Some airlines checking Boeing fuel switches after Air India crash

    Source: Government of India

    Source: Government of India (4)

    India on Monday ordered its airlines to examine fuel switches on several Boeing models, and South Korea ordered a similar measure on Tuesday, as scrutiny intensified of fuel switch locks at the centre of an investigation into a deadly Air India crash.

    The precautionary moves by India, South Korea and some airlines in other countries came despite the planemaker and the U.S. Federal Aviation Administration telling airlines and regulators in recent days that the fuel switch locks on Boeing jets are safe.

    A preliminary report into the Air India crash that killed 260 people found that the switches had almost simultaneously flipped from run position to cutoff shortly after takeoff.

    One pilot was heard on the cockpit voice recorder asking the other why he cut off the fuel. “The other pilot responded that he did not do so,” the report said.

    The report noted a 2018 advisory from the U.S. Federal Aviation Administration (FAA), which recommended, but did not mandate, operators of several Boeing models including the 787 to inspect the locking feature of fuel cutoff switches to ensure they could not be moved accidentally.

    India’s Directorate General of Civil Aviation said it had issued an order to investigate locks on several Boeing models including 787s and 737s, after several Indian and international airlines began making their own inspections of fuel switches.

    The regulator oversees the world’s third-largest and fastest-growing aviation market. Boeing planes are used by three of the country’s four largest airlines.

    PRECAUTIONARY CHECKS

    Some airlines around the world told Reuters they had been checking relevant switches since 2018 in accordance with the FAA advisory, including Australia’s Qantas Airways and Japan’s ANA.

    Others said they had been making additional or new checks since the release of the preliminary report into the Air India crash.

    Singapore Airlines SIAL.SI said on Tuesday that precautionary checks on the fuel switches of its 787 fleet, including planes used by its low-cost subsidiary Scoot, confirmed all were functioning properly.

    South Korea’s transport ministry said it ordered domestic airlines on Tuesday to inspect fuel control switches in accordance with the 2018 FAA advisory.

    “At that time (2018), it was a recommended measure and was not fully inspected,” the statement to media said.

    Flag carrier Korean Air Lines said on Tuesday it had proactively begun inspecting fuel control switches.

    Japan Airlines said it was conducting inspections in accordance with the 2018 advisory.

    Over the weekend, Air India Group started checking the locking mechanism on the fuel switches of its 787 and 737 fleets and has discovered no problems yet, a source familiar with the matter told Reuters on Monday.

    About half the group’s 787s have been inspected and nearly all its 737s, the source added, speaking on condition of anonymity. Inspections were set to be completed in the next day or two.

    The Air India crash preliminary report said the airline had not carried out the FAA’s suggested inspections as the FAA’s 2018 advisory was not a mandate.

    But it also said maintenance records showed that the throttle control module, which includes the fuel switches, was replaced in 2019 and 2023 on the plane involved in the crash.

    In an internal memo on Monday, Air India CEO Campbell Wilson said the preliminary report found no mechanical or maintenance faults and that all required maintenance had been carried out.

    (Reuters)

     

    July 15, 2025
  • MIL-OSI United Kingdom: Natural England promotes outdoor healthcare in Sussex

    Source: United Kingdom – Executive Government & Departments

    Press release

    Natural England promotes outdoor healthcare in Sussex

    Novel partnership takes treatment into green spaces, with a level 3 qualification available

    Healthcare professionals from across Sussex are being trained to make more use of outdoor settings in treating those with poor mental health.

    Less than half the population say they’ve been to the countryside or a local park recently[i].

    But the NHS is turning to places like that to help with certain treatments.  

    Natural England is funding courses aimed at nurses, therapists and other healthcare professionals from across Sussex to make more use of outdoor settings in treating those with poor mental health.

    The training builds on evidence being outside can help lead to lower blood pressure and a reduced risk of heart attacks and strokes[ii].

    Course-goers learn a variety of skills, from being able to adapt treatments to new surroundings to using their experience and training from many years inside, outside. 

    By the end of the sessions, which are spread over 5 months, those attending should have the confidence and competence to work with groups in a range of outdoor settings. 

    The course, which carries a formal training accreditation, is suited to professionals who support children, young people and adults, including, from psychiatrists and psychologists to social and youth workers, therapists and those working in family support.

    Healthcare staff have reported feeling more relaxed when outside, when not necessarily working, as well as refreshed and re-energised. It’s hoped these benefits can transfer themselves to the care they give patients.  

    The training is delivered by Circle of Life Rediscovery, a community interest company based in Laughton, near Lewes.

    Through the workshops, the partnership between Natural England and CLR is already highlighting the need to use green spaces where we live and work to improve health and wellbeing.   

    Sarah Davies, Natural England’s principal adviser for partnerships in Sussex and Kent, said:

    “The importance of open spaces cannot be underestimated. Nature can relax us, educate us, and help reduce anxiety and depression.

    “We know there are countless benefits to connecting with nature – it makes us feel better, physically and mentally.”

    Some 36 NHS staff in Sussex have done the course since 2023. It offers an ITC level 3 qualification, providing students with the necessary skills to work with individuals and groups of all ages.

    The 2024 cohort of 16 health service staff recently met at Laughton Greenwood to share personal experiences of what they learned in the sessions. The group also heard from professionals with long experience in using nature to aide healthcare.

    A senior nurse from Sussex who took part in the training said:

    “My experience doing this course has really transformed my thinking regarding nature-based practice. I have managed to apply parts of what I learnt within my work environment and have full backing from colleagues regarding trying to utilise what I learnt.

    “I never realised the true impact outdoors can have on an individual and team level and hope to see it being prescribed in the future as a treatment for certain health problems.”

    The course, which carries a formal training accreditation, is suited to professionals who support children, young people and adults.

    Marina Robb, director and founder of Circle of Life Rediscovery, said:

    “To be able to sustainably bring the benefits of nature-based practice into the NHS and provide access to nature for physical and mental health, training NHS staff is a sensible way forward for teams and their service-users.”

    This year’s sessions are underway, with bookings open for the 2026 courses, taking place at Laughton from late June: https://circleofliferediscovery.com/certificate-in-nature-based-practice/.

    This nature-based training for NHS staff coincides with a wide-ranging survey into how exposure to natural spaces positively affects people’s health, behaviour and attitude to the environment over an extended period of time.    

    The three-year study will involve a sample of approximately 18,000 adults across the country, in a partnership between Natural England, the University of Exeter and the Natural Environment Research Council, and developed by organisations from a range of sectors.

    [i] The People and Nature Survey for England 2024: https://www.gov.uk/government/statistics/the-people-and-nature-surveys-for-england-adults-data-y5q3-october-2024-december-2024

    [ii] Blog by Dr Sue Williams, Natural Resources Wales: Mending minds – the benefits of a ‘dose of nature’ for mental health

    Contact us:

    Journalists only 0800 141 2743 or communications_se@environment-agency.gov.uk.

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    Published 15 July 2025

    MIL OSI United Kingdom –

    July 15, 2025
  • MIL-OSI United Kingdom: Strategy launched to support autistic and ADHD people.

    Source: City of York

    Titled “A City That Works for All”, the five-year plan sets out a vision for a more inclusive, supportive, and understanding York.

    This all-age strategy, developed through extensive co-production with neurodivergent residents, families, and local organisations, outlines three key pillars:

    • Changing Society for Inclusion – Tackling stigma and improving public understanding of neurodiversity
    • Making Diagnosis and Assessment Work – Reducing waiting times and improving access to timely, effective assessments
    • Improving Support in Every Setting – Ensuring services in education, employment, housing, and healthcare meet the needs of neurodivergent people

    The strategy recognises that barriers in society are often at the root of exclusion and poorer outcomes for autistic people and those with ADHD, and these must be tackled alongside the need to improve health and care services.

    It draws on findings from York’s 2025 Health Needs Assessment, which revealed significant gaps in diagnosis, long waiting lists, and high rates of co-occurring mental health conditions.

    Councillor Lucy Steels-Walshaw, Executive Member for Health, Wellbeing and Adult Social Care, said:

    It’s absolutely vital that services meet everyone’s needs, including the approximately 1 in 7 neurodiverse people living in our city. Consultation on this strategy will ask all organisations, service providers and residents to support us in creating a city in which all neurodiverse people thrive and play an active part. Small changes can often make big differences”.

    Michael Ash-McMahon, NHS Humber and North Yorkshire Integrated Care Board (ICB) Interim Place Director for York, said:

    The draft strategy is a welcome step towards creating a City that celebrates neurodiversity and reaffirms the NHS shared commitment to improving diagnosis and tackling long waiting lists for assessment. The ICB and City of York Council are eager to hear what people think of the strategy to ensure the voice of our population is heard and fully understood, before a final version is published later in the year.”

    Ayesha, who is a neurodivergent student mentor living in York, and is a proud member of York’s thriving LGBTQIA+ community. Ayesha is neurodivergent and is encouraging other people to have their say:

    This strategy is important to me because I get to see the Council in action, working to make this city more accessible for the neurodivergent community, which is a vital step closer to a more fair and equitable society.”

    The draft strategy is now open for public consultation with feedback invited from residents, professionals, and community groups. The final version will be published in Autumn 2025.

    You can have your say in various ways:

    • In person: At the Gateway Centre in Acomb on Tuesday 15 July 11-1pm and Monday 21 July 5-7pm
    • Join the online session on Thursday 31 July 1-2pm
    • Complete an online survey
    • Complete a paper survey: Available from Customer Services at West Offices

    For more information and to view the draft strategy, visit the City of York Council website.

    City of York Council is also inviting children and young people with Special Educational Needs and Disabilities (SEND) and their families in York to have their say on a new SEND strategy.

    You can have your say on the draft SEND strategy at the same in person or online events as for the Autism and ADHD Strategy, or complete the online survey

    The Autism and ADHD Strategy consultation will run until Monday 11 August. The SEND survey will run until Sunday 7 September.  Feedback will be used to shape the final strategies.

    MIL OSI United Kingdom –

    July 15, 2025
  • MIL-OSI Russia: US tech giant Nvidia CEO praises China’s AI development

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 15 (Xinhua) — U.S. tech giant Nvidia CEO Jensen Huang praised China’s rapid progress in artificial intelligence (AI) during his visit to Beijing on Tuesday, calling the Chinese market “big” and “dynamic.”

    “AI is growing very fast in China,” Jensen Huang said in an interview, highlighting China’s thriving AI ecosystem and pointing to the abundance of startups and large cloud service providers.

    He added that China has a strong talent pool, noting that the country is home to 50 percent of the world’s artificial intelligence researchers.

    “AI is everywhere, from consumer apps, online shopping, grocery delivery to self-driving cars and other incredible applications,” added Jensen Huang.

    He said he was “very happy” to see the development of artificial intelligence in China, citing the high level of education in science and mathematics.

    On Wednesday, Jensen Huang will attend the opening ceremony of the 3rd China International Supply Chain Exposition (CISCE) and participate in related activities. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 15, 2025
  • MIL-OSI: Municipality Finance issues a NOK 250 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    15 July 2025 at 10:00 am (EEST)

    Municipality Finance issues a NOK 250 million tap under its MTN programme

    On 16 July 2025 Municipality Finance Plc issues a new tranche in an amount of NOK 250 million to an existing series of notes issued on 6 June 2025. With the new tranche, the aggregate nominal amount of the notes is NOK 2.250 billion. The maturity date of the notes is 6 January 2031. The notes bears interest at a fixed rate of 4.125 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 16 July 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    J.P.Morgan SE acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: StepStone Group Expands Investor Access to Evergreen Funds with Goji’s Technology

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) — StepStone Group (Nasdaq: STEP), a global private markets solutions provider, announced today that it is utilizing Goji’s technology to improve access to several of its European private market evergreen funds. Goji is a global provider of technology-enabled solutions to the private markets. Its end-to-end investment platform will simplify the complexities of the investor journey for several of StepStone’s funds:

    • StepStone Private Markets (Luxembourg) (“SPRIM Lux”) spans private equity, real assets and private debt, giving access to top investment managers worldwide, while seeking to provide long-term capital appreciation, ordinary income and substantial diversification through a single investment. As of May 31, 2025, SPRIM Lux had $351 million in assets under management, or AUM and had delivered a 43.81%1 total net return since inception in September of 2022.
    • StepStone Private Venture and Growth (Luxembourg) (“SPRING Lux”) is a broadly diversified venture and growth strategy fund leveraging an open architecture approach, selecting managers across the innovation economy. As of May 31, 2025, SPRING Lux had $427 million in AUM and had delivered a 70.65%2 total net return since inception in November of 2022.
    • StepStone Private Infrastructure (Luxembourg) (“STRUCTURE Lux”) seeks to provide current income and long-term capital appreciation by offering access to a global investment portfolio of private infrastructure assets. As of May 31, 2025, STRUCTURE Lux had $89.9 million in AUM and had delivered a 32.24%3 total net return since inception in September of 2023.
    • StepStone Private Credit Europe ELTIF (“SCRED Europe”) is structured to offer access to a broadly diversified, European-focused private credit strategy, with a primary focus on senior secured direct lending. The fund successfully launched in February 2025 with over €250 million in seed capital, backed by a robust pipeline of opportunities.

    “Goji shares our vision of delivering an industry-leading, tailor-made onboarding experience for our investors across the globe,” said Neil Menard, Partner and President of Distribution at StepStone Private Wealth. “Powered by Euroclear, their best-in-class digital infrastructure and deep understanding of regulatory requirements across different markets will enable us to provide our investors with a more streamlined, efficient investment experience.”

    About StepStone Group

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for approximately $709 billion of total capital, including $189 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    About Goji

    Goji is a leading provider of investor platform technology and services. With the private asset market opening to new classes of investors, Goji makes it easy for asset managers, fund administrators and asset owners to give all investors digital access to private funds and stay ahead of their industry competitors. Goji’s best-in-class platform, which is secure, scalable, and customizable, unlocks new topline revenue and reduces costs. The company serves over 30,000 investors from more than 86 jurisdictions. As part of the Euroclear group, Goji has helped build a global network for private funds, combining Goji’s platform technology and Euroclear’s financial markets infrastructure to create scalability and growth for all participants. Goji is headquartered in the UK and is regulated by the FCA.  

    Contacts

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    1-203-682-8268

    ______________________________
    1 This figure reflects the returns of the Class A (EUR) shares of SPRIM Lux. The performance does not fully represent the performance across all of the share classes of SPRIM Lux.
    2 This figure reflects the returns of the Class A (USD) shares of SPRING Lux. The performance does not fully represent the performance across all of the share classes of SPRING Lux.
    3 This figure reflects the returns of the Class E (USD) shares of STRUCTURE Lux. The performance does not fully represent the performance across all of the share classes of STRUCTURE Lux. Class E (USD) shares are available for subscription only by employees or affiliates of the StepStone Group and are not subject to the investment management fee or the incentive fee. [Performance shown for the Class E (USD) shares assumes the Investment Management Fee or the Incentive Fee were charged since Class E (USD) shares inception on 27 September 2023.

    THIS DOCUMENT IS A MARKETING COMMUNICATION. PLEASE REFER TO THE OFFERING MEMORANDUM OF SPRIM LUX, SPRING LUX, STRUCTURE LUX AND SCRED EUROPE (COLLECTIVELY, THE “FUNDS”) BEFORE MAKING ANY FINAL INVESTMENT DECISIONS.

    PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ACTUAL PERFORMANCE MAY VARY.

    This document is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, or as an offer to provide advisory or other services by StepStone Group Private Wealth LLC (“SPW”), StepStone Group LP (“StepStone”), StepStone Group Europe Alternative Investments Limited (“SGEAIL”) or their subsidiaries or affiliates (collectively, the “Managers”) in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this document should not be construed as legal, financial or investment advice on any subject matter. The Managers expressly disclaim all liability in respect to actions taken based on any or all of the information in this document.

    Before investing you should carefully consider the Funds’ investment objectives, risks, charges and expenses. This and other information are explained in the relevant Offering Memorandum for each Fund, a copy of which may be obtained from SGEAIL upon request.

    Information contained herein is subject to change and amendment. An indication of interest in response to this advertisement will involve no obligation or commitment of any kind.

    Interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended or any similar U.S. state securities statutes and the Funds are generally not offered to US Persons (as defined in the relevant Offering Memorandum).

    Prospective investors should inform themselves and obtain appropriate advice as to any applicable legal or regulatory requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the suitability, subscription, purchase, holding, exchange, redemption or disposal of any investments.

    An investment involves a number of risks and there are conflicts of interest. Please refer to the risks outlined in detail in the relevant Offering Memorandum for each Fund.

    Marketing in the European Union

    The Funds are alternative investment funds (“AIFs”) for the purpose of Alternative Investment Fund Managers Directive (“AIFMD”). SGEAIL is the alternative investment fund manager (“AIFM”) of the Funds.

    The Funds that do not qualify as ELTIFs can be marketed to Professional Investors in the EEA in accordance with the requirements set out in Article 32 of AIFMD.

    Marketing of the Funds outside the EEA or in the EEA to investors other than Professional Investors (where relevant) must comply with applicable national private placement regimes. Those investors are required to inform themselves of any applicable local requirements or restrictions before investing in the Funds and to assess the impact of any risks they may be exposed to when investing in the Funds.

    Notice to all European Economic Area (EEA) residents

    In the EEA, this document is disseminated by SGEAIL.

    The Funds may only be offered or placed in an EEA Member State: (1) to Professional Investors to the extent that they have been registered for marketing in the relevant EEA Member State in accordance with Article 32 AIFMD (as amended and as implemented into the local law/regulation of the relevant EEA Member State); (2) to non-professional investors who meet the requirements of any national law/regulation which permits them to invest in AIFs, as specifically identified below; or (3) as they may otherwise be lawfully offered or placed in that EEA Member State, including at the exclusive initiative of an investor where permitted in accordance with the AIFMD.

    A list of the EEA Member States in which the Funds are registered for marketing under Article 32 AIFMD is available from the Managers upon request.

    Notice to investors in Austria

    Certain of the Funds have been notified to the Austrian Financial Market Authority (FMA) for marketing to professional investors (Professionelle Anleger) within the meaning of § 2 para 1 no 33 of the Austrian Alternative Investment Funds Act (Alternative Investmentfonds Manager-Gesetz; AIFMG) in accordance with Article 32 AIFMD and § 31 AIFMG. In the Republic of Austria, the relevant Funds may only be offered or placed and any offering or marketing materials related thereto may only be distributed to investors who are either (a) professional investors (Professionelle Anleger) as defined in § 2 para 1 no 33 AIFMG or where relevant (b) qualified retail investors (Qualifizierte Privatkunden) as defined in § 2 para 1 no 42 AIFMG. Distribution of the relevant Funds and any offering or marketing materials related thereto to retail investors (Privatkunden) as defined in § 2 para 1 no 36 AIFMG in the Republic of Austria is not permitted. Subscriptions by retail investors (Privatkunden) will therefore not be accepted. None of the Managers or the relevant Funds are subject to supervision by the FMA or any other Austrian authority. Neither the relevant Offering Memorandum, nor the relevant key information document (KID) have been reviewed by the FMA or any other Austrian authority.

    Notice to professional and semi-professional investors in Germany

    Certain of the Funds have been notified to the German Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BAFIN) in accordance with Section 323 of the German investment code (Kapitalanlagegesetzbuch – KAGB).

    The relevant Funds may only be marketed and offered to professional and, where relevant to semi-professional investors in the Federal Republic of Germany, as defined in Section 1 (19) nos. 32 and 33 of the KAGB. The relevant Funds have not been admitted for marketing to retail investors within the meaning of Section 1 (19) no. 31 of the KAGB in Germany. Accordingly, the relevant Funds may not be offered and marketed to retail investors in Germany. This disclosure, the relevant Offering Memorandum and any other document relating to the relevant Funds, as well as information or statements contained therein, may not be supplied to retail investors in Germany or any other means of public marketing. Any resale of the relevant Funds in Germany may only be made to professional and semi-professional investors in Germany and in accordance with the provisions of the KAGB and any other applicable laws in Germany governing the sale and offering of the relevant Funds.

    Notice to investors in Italy

    Certain of the Funds have been passported with the Commissione Nazionale per le Società e la Borsa (CONSOB) for the marketing in Italy vis-à-vis professional investors in accordance with Article 32 AIFMD, article 43 of the Italian Legislative Decree of 24th February 1998, no. 58 (testo unico della finanza, the “TUF”) and relevant local implementing regulations in Italy. The relevant Funds may be distributed exclusively to the following categories of investors: (i) “professional investors” as defined in the AIFMD; or where relevant (ii) “non-professional investors” who: (1) invest at least EUR 500,000 in the relevant Fund; or (2) invest at least EUR 100,000 in the relevant Fund, and in the case of the latter, either: (a) the investment is made by a licensed portfolio manager on behalf of the non-professional investor; or (b) the investment is made by the non-professional investor in the context of the provision of investment advice, and is subject to the requirement that the entirety of any investments by that same non-professional investor in EU AIFs does not exceed ten percent (10%) of his or her financial portfolio as a result of a subscription or investment in the relevant Fund.

    Notice to investors in Switzerland

    The offer and the marketing of the Funds in Switzerland will be exclusively made to, and directed at, qualified investors (the “Qualified Investors”), as defined in Article 10(3) and (3ter) of the Swiss Collective Investment Schemes Act (“CISA”) and its implementing ordinance, at the exclusion of qualified investors with an opting-out pursuant to Article 5(1) of the Swiss Federal Law on Financial Services (“FinSA”) and without any portfolio management or advisory relationship with a financial intermediary pursuant to Article 10(3ter) CISA (“Excluded Qualified Investors”). Accordingly, the Funds have not been and will not be registered with the Swiss Financial Market Supervisory Authority (“FINMA”) and no representative or paying agent have been or will be appointed in Switzerland. This document and/or any other offering or marketing materials relating to The Funds may be made available in Switzerland solely to Qualified Investors, at the exclusion of Excluded Qualified Investors. The legal documents of the Funds may be obtained free of charge from the Managers.

    Notice to investors in the United Kingdom

    The Funds are alternative investment funds for the purpose of the Alternative Investment Fund Managers Regulations, 2013, as amended by the Alternative Investment Managers (Amendment, etc.) (EU Exit) Regulations 2019 (“UK AIFM Regulations”). SGEAIL is the alternative investment fund manager (“AIFM”) of the Funds. 

    The Funds have been registered for marketing under Regulation 59(1) of the UK AIFM Regulations. On that basis, the Funds may be marketed in the United Kingdom to UK persons who qualify as Professional Investors.

    The MIL Network –

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
  • BIMSTEC Maritime Transport Pact poised to transform Bay of Bengal into global trade and tourism hub: Sarbananda Sonowal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday inaugurated the second edition of the BIMSTEC Ports Conclave in Visakhapatnam, outlining a bold and collaborative vision to transform the Bay of Bengal into a vibrant hub of global trade, cruise tourism, and sustainable development.

    The two-day conclave, attended by representatives from all seven BIMSTEC nations—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—brought together policymakers, port authorities, maritime experts, private stakeholders, and academics to chart a shared maritime future for the region.

    Sonowal described the BIMSTEC Ports Conclave as a “springboard” for unlocking the potential of the Blue Economy. He emphasized that under Prime Minister Narendra Modi’s “Neighbourhood First” policy, BIMSTEC nations are key partners in driving regional prosperity. He called for deeper collaboration in port-led industrialisation, digital integration, and skill development, aiming to create a seamless and efficient port network that can act as an engine of growth for the entire region.

    The conclave builds upon the momentum of the first BIMSTEC Ports Conclave and aims to operationalise the BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), which India was the first to ratify. Sonowal urged all member states to expedite its ratification and implementation.

    A major announcement at the event was the establishment of a BIMSTEC Sustainable Maritime Transport Centre in Powai, Mumbai. This centre, to be set up under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT), will be key to operationalising the AMTC agreement. Sonowal noted that the centre will drive harmonisation of maritime policies, promote green and digital transformations, reduce trade costs, and strengthen maritime skill development across the region.

    The conclave featured two major sessions that shaped the roadmap for BIMSTEC’s maritime future. The first session focused on increasing private sector participation and public-private partnerships (PPPs) to modernize port infrastructure and improve regional coordination. It also proposed the creation of a regional PPP facilitation platform and the harmonisation of port-related laws.

    The second session explored the region’s potential in capturing new manufacturing opportunities created by shifting global supply chains. Discussions included establishing hubs in shipbuilding, electronics, logistics, and renewable energy sectors. Both sessions highlighted the importance of coordinated strategies, improved regional connectivity, and policy reforms in positioning the Bay of Bengal as a resilient trade and industry corridor.

    Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, also addressed the conclave. He highlighted India’s leadership in promoting seamless regional connectivity through harmonised maritime transport policies, digital logistics platforms, private investment, and a strong emphasis on skill development and green innovation.

    Conclave discussions focused on operationalising the AMTC agreement, streamlining customs and logistics, and expanding cruise tourism through PPP models and joint branding strategies. Delegates proposed initiatives such as port-linked industrial zones, a regional Port Community System, multimodal logistics parks, and the development of Special Economic Zones (SEZs) to improve hinterland connectivity. Emphasis was also placed on cross-border training programmes, industry-academia collaboration, and innovation in green shipping as essential components for the region’s sustainable future.

    Speaking about the strategic Kaladan Multi-Modal Transit Transport Project, Sonowal highlighted its role as a transformative initiative connecting India’s Northeast to the Bay of Bengal. He said that under the Act East Policy, Kaladan serves not only as a bilateral initiative with Myanmar but also as a model for regional integration under BIMSTEC. The project, he added, has the potential to significantly reduce trade costs, improve transit efficiency, and open new economic opportunities for India’s Northeast while fostering closer ties with neighbouring countries.

    July 15, 2025
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