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  • EU and Indo-Pacific: natural partners

    September 16, 2021. BRUSSELS. The Commission and the High Representative adopted a Joint Communication on the EU Strategy for the cooperation in the Indo-Pacific. Today, the Commission and the High Representative adopted a Joint Communication on the EU Strategy for cooperation in the Indo-Pacific. The Joint Communication contains concrete actions to reinforce the strategic engagement with the region, as tasked by the Council on 19 April 2021. President Ursula von der Leyen said: “The economic, demographic, and political weight of the Indo-Pacific region is expanding, from the east coast of Africa to the Pacific island states. With today's proposals, and guided by our values, we are offering a strengthened partnership to advance trade, investment and connectivity, while addressing common global challenges and reinforcing the rules-based international order.” High Representative/Vice-President, Josep Borrell, said: “The world's centre of gravity is moving towards the Indo Pacific, both in geo-economic and geo-political terms. The futures of the EU and the Indo-Pacific are interlinked. The EU is already the top investor, the leading development cooperation partner and one of the biggest trading partners in the Indo-Pacific region. Our engagement aims at maintaining a free and open Indo-Pacific for all, while building strong and lasting partnerships to cooperate on matters from the green transition, ocean governance or the digital agenda to security and defence.” Implementing the strategy The EU and the Indo-Pacific are highly interconnected, with many shared interests and solid ties, from trade and investments to research and innovation, as well as sustainable development, climate change, biodiversity protection and security. The EU is stepping up its strategic engagement with the Indo-Pacific region. This region is increasing in strategic importance for Europe. Its growing economic, demographic, and political weight makes it a key player in shaping the rules-based international order and in addressing global challenges. The EU aims to contribute to the region's stability, security, prosperity and sustainable development, in line with the principles of democracy, rule of law, human rights and international law. The implementation of the EU Strategy will include in particular the following actions: Completing EU trade negotiations with Australia, Indonesia and New Zealand; resuming trade negotiations and starting investment negotiations with India; completing an Economic Partnership Agreement with the East Africa Community; assessing the possible resumption of trade negotiations with Malaysia, the Philippines and Thailand, and the eventual negotiation of a region-to-region trade agreement with ASEAN. Concluding Partnership and Cooperation Agreements (PCA) with Malaysia and Thailand; starting PCA negotiations with the Maldives, and bringing the EU's upcoming new Partnership Agreement with the African, Caribbean, and Pacific States (ACP) to full fruition. Concluding Green Alliances and Partnerships with willing and ambitious Indo-Pacific partners to fight against climate change and environmental degradation. The first has been agreed with Japan in May 2021. Strengthening ocean governance in the region, including increasing the EU's support for Indo-Pacific countries' fisheries management and control systems, the fight against Illegal, unreported and unregulated fishing and the implementation of Sustainable Fisheries Partnership Agreements. Expanding the network of digital partnerships with Indo-Pacific partners, as well as exploring the possibility of new Digital Partnership Agreements with Japan, the Republic of Korea and Singapore. Stepping up implementation of the Connectivity Partnerships with Japan and India; supporting partners in establishing an appropriate regulatory environment and facilitating the mobilisation of the necessary funding to improve connectivity on the ground between Europe and the Indo-Pacific. Strengthening cooperation on research and innovation under ‘Horizon Europe'; explore the association to this programme of eligible likeminded Indo-Pacific partners such as Australia, Japan, Republic of Korea, New Zealand and Singapore. Exploring ways to ensure enhanced naval deployments by EU Member States to help protect the sea lines of communication and freedom of navigation in the Indo-Pacific while boosting Indo-Pacific partners' capacity to ensure maritime security. Reinforcing support to healthcare systems and pandemic preparedness for the least-developed countries in the Indo-Pacific region, enhancing collaborative research on communicable diseases in the context of the Horizon Europe research programme. Background The adoption of the Joint Communication follows Council Conclusions on an EU Strategy for cooperation in the Indo-Pacific adopted on 19 April 2021. The EU will deepen its engagement with partners in the Indo-Pacific to respond to emerging dynamics that are affecting regional stability. We wish to promote multilateral cooperation, including with ASEAN, working on global challenges, from the COVID-19 pandemic to climate, from ocean governance to digital. The EU's engagement with the Indo-Pacific region will be principled and long-term, promoting inclusive and effective multilateral cooperation grounded in a rules-based international order, shared values and principles, including a commitment to respecting democracy, human rights and the rule of law. For More Information Joint Communication on the EU strategy for cooperation in the Indo-Pacific Factsheet on EU Strategy for Cooperation in the Indo-Pacific State of the Union Address by President von der Leyen Press contact Nabila MASSRALI Phone +32 2 298 80 93 Mail nabila.massrali@ec.europa.eu Xavier CIFRE QUATRESOLS Phone +32 2 297 35 82 Mail xavier.cifre-quatresols@ec.europa.eu IP/21/4704

  • Communique on immediate direct talks between Sudanese actors and stakeholders

    June 03, 2022. ADDIS ABABA. The African Union Commission renews its strong support to the efforts undertaken by the Trilateral. As the AU-IGAD-UN Trilateral Mechanism prepares to launch direct talks among parties to the political conflict in Sudan; the African Union Commission renews its strong support to the efforts undertaken by the Trilateral, and calls on all active political and social parties in Sudan to respond positively to the trilateral invitation to facilitate genuine and honest talks, based on good faith, and which takes on the construction of appropriates constitutional arrangements for the remaining of the transitional period , as well as appointment of a civilian government with wide mandate to manage the country’s affairs, including urgent economical, security and humanitarian needs of the Sudanese people. In addition, this government should be mandated to prepare to organize free, transparent and democratic elections that paves the way to a democratic and sustainable governance system capable of responding to the needs of a deep democratic transformation that fulfills the aspirations of all social, ethnical and religious segments of the Sudanese people. The African Union Commission calls on all international community components to support this path and cease any efforts to restrict or distort its progress.

  • The 3rd ASEAN Consumer Protection Conference is open for registration

    June 13, 2022. JAKARTA. This year’s theme is “Building a Fair and Future-Ready Marketplace for Consumers in ASEAN.” The 3rd ASEAN Consumer Protection Conference (3rd ACPC) will take place virtually from 9:00 AM-5:00 PM (UTC+7) on 28 June. This year’s theme is “Building a Fair and Future-Ready Marketplace for Consumers in ASEAN.” The conference aims to raise consumer awareness among the public within and beyond the ASEAN region by engaging policymakers, regulators, academia, civil society, consumer associations and the private sector. It will cover the following three thematic sessions: Laying the Foundation for Inclusive Digital Transformation in ASEAN; Scanning the Horizon towards the ‘New Normal’ for B2C Dispute Resolution in ASEAN; and Empower Consumers through Strengthening the Consumer Movement in ASEAN Hosted by the Philippines’ Department of Trade and Industry, prominent consumer protection agencies and experts from within and beyond the ASEAN region will be in attendance. The registration to join the conference is now open. Interested participants may register by clicking on the following link to receive updates on the event and the link to join the conference.

  • UBS Asset Management to sell its holding in its Japanese real estate joint venture, Mitsubishi Corp.

    March 17, 2022. ZURICH. The transaction concludes the successful 20-year joint venture between Mitsubishi Corporation and UBS Asset Management’s Real Estate & Private Markets business in Japan The transaction concludes the successful 20-year joint venture between Mitsubishi Corporation and UBS Asset Management’s Real Estate & Private Markets business in Japan UBS expects to record a gain in Asset Management and a CET1 capital increase related to the sale of approximately USD 0.9 billion upon close of the transaction, expected to be in April 2022 UBS’s asset management, wealth management and investment banking businesses operating in Japan are not affected by the sale UBS Group and UBS AG (“UBS”) today announced that UBS Asset Management has agreed with its joint venture partner, Mitsubishi Corporation, to sell Mitsubishi Corp.-UBS Realty Inc. (“MC-UBSR”) to KKR & Co. Inc (“KKR”). The transaction is expected to close in April 2022, subject to required filings and regulatory approvals. MC-UBSR was established in 2000 in the initial days of the J-REIT market as a joint venture between Mitsubishi Corporation and UBS Asset Management’s Real Estate & Private Markets business. MC-UBSR has grown into one of the largest real estate asset management companies in Japan today. MC-UBSR manages two Tokyo Stock Exchange-listed J-REITs – Japan Metropolitan Fund Investment Corporation (JMF) and Industrial & Infrastructure Fund Investment Corporation (IIF) – with total assets under management of approximately USD 15 billion. KKR is committed to further developing the MC-UBSR business, while ensuring continuity with the existing strategy, and is committed to leveraging its network and global resources to create value for JMF and IIF unitholders. Suni Harford, President of UBS Asset Management, said; “In partnership with Mitsubishi Corporation, we are proud to have developed MC-UBSR into a leading real estate platform in Japan. We are confident that KKR is well placed to take this business forward and wish the MC-UBSR team every success for the future. The Japanese market remains a cornerstone of our Real Estate & Private Markets business in Asia Pacific, and we remain focused on serving the needs of our clients and capturing growth opportunities in this strategically important region. Through our rapidly growing real estate investment unit, UBS Japan Advisors, we will continue to advise our clients on Japanese property investments.” UBS Investment Bank acted as exclusive financial advisor to UBS Asset Management, Mitsubishi Corporation and MC-UBSR on the transaction. UBS Group AG and UBS AG

  • UFC and DraftKings Extend Strategic Relationship to Include Gamified NFTs

    June 10, 2022. BOSTON, LAS VEGAS. (GLOBE NEWSWIRE) Reignmakers UFC Gamified NF Series to Debut Ahead of UFC 276 in July. Today, UFC® and DraftKings Inc. (Nasdaq: DKNG) announced plans to launch a new iteration of DraftKings’ “Reignmakers” gamified digital collectibles franchise focused on UFC. Reignmakers UFC will allow fans to build collections of their favorite UFC fighters and utilize them in games to compete for prizes. The first season of Reignmakers UFC NFT-based games is expected to go live later this year. Ahead of the launch of the game, fans can soon begin collecting the initial NFTs of fighters via auctions and drops in DraftKings’ “Heatwave Series,” which will be based around this summer’s UFC events schedule, beginning with UFC® 276: ADESANYA vs. CANNONIER on July 2. Collectors will receive rewards both leading into and following the game rollout based on the utility of the NFT which could include entries into special daily fantasy contests for cash, custom merchandise and more. Under the new agreement with UFC, DraftKings Marketplace will have access to fighter IP from over 500 different athletes on the active UFC roster from which to choose to create the Reignmakers UFC collection. “UFC has been a tremendous collaborator over the years, and we are delighted for the organization to represent our latest installment within DraftKings’ burgeoning Reignmakers gamified digital collectibles franchise,” said Beth Beiriger, SVP of Product Operations for DraftKings Marketplace. “Fight fans are already among the most engaged audiences, and we see these immersive technologies as bolstering the unique sports entertainment ecosystem we provide for consumers while also rewarding their undeniable passion.” Already UFC’s first-ever “Official Sportsbook and Daily Fantasy Partner” in the United States and Canada, DraftKings now extends the collaboration between these leading organizations into blockchain and intends to merge collectability with event-based benefits. The exclusive Reignmakers UFC game is in development now, and at launch it will include familiar features and functionality related to missions, achievements, level-ups, leaderboards and other underlying game mechanics. In the meantime, the inaugural collection of fighter NFTs will provide collectors with timely digital and physical rewards tied to corresponding UFC events. All fighter collections will eventually become playable, in-game items, while maintaining this rewards system for holders. “We’re excited to expand our relationship with DraftKings to incorporate UFC into their highly anticipated Reignmakers gamified NFT collection,” said Tracey Bleczinski, UFC Senior Vice President of Global Consumer Products. “Reignmakers UFC will be a unique, innovative opportunity to create fan engagement that combines DraftKings’ expertise in digital sports entertainment with pioneering technology that features hundreds of UFC athletes, including some of the biggest names in the sport.” These digitally-ownable UFC collections will drop on DraftKings Marketplace with tiers of varying scarcity that include entry-level NFTs for a mainstream accessible experience. Reignmakers UFC NFTs will be available to buy and sell within DraftKings’ secondary market. For more information on DraftKings Marketplace, Reignmakers and upcoming drops, customers can visit marketplace.draftkings.com. More in-depth details about Reignmakers UFC are available here. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming in 5 states through its DraftKings brand, as well as operating Golden Nugget Online Gaming, an award-winning iGaming product and iconic gaming brand, in 3 states. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states and in Ontario, Canada. DraftKings’ daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an official daily fantasy partner of NASCAR. Launched in August 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. About UFC® UFC is the world’s premier mixed martial arts organization (MMA), with more than 688 million fans and 198 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world, while broadcasting to nearly 900 million TV households across more than 170 countries. UFC’s athlete roster features the world’s best MMA athletes representing more than 75 countries. The organization’s digital offerings include UFC FIGHT PASS®, one of the world’s leading streaming services for combat sports. UFC is owned by global entertainment, sports and content company Endeavor, and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC, Twitter, Snapchat, Instagram and TikTok: @UFC. DraftKings Forward-Looking Statements Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. DraftKings Contactmedia@draftkings.com@DraftKingsNews UFC ContactChris Bellitti at cbellitti@ufc.com or Brian Smith at bsmith@ufc.com DraftKings Inc. IN THIS STORY DKNG

  • Indonesia–Belgium Business And Investment Forum

    May 31, 2022. JAKARTA. This event aimed to promote and socialize the B20 Indonesia agendas as well as side events in which Belgian and EU stakeholders can participate. During the B20 Indonesia Roadshow to European countries, the B20 Indonesia held the “Indonesia – Belgium Business and Investment Forum” in Brussels, Belgium. This event aimed to promote and socialize the B20 Indonesia agendas as well as side events in which Belgian and EU stakeholders can participate. This Business and Investment forum was designed as a high-level dialogue attended by 50 influential figures, including H.E. Andri Hadi (Indonesian Ambassador to Kingdom of Belgium), H.E. Jean Cornet d'Elzius (Director for South East Asia and Oceania Ministry of Foreign Affairs, Foreign Trade and Development Cooperation of Belgium), and Christopher Iwens (Director of Asia Pacific of DEME). Shinta W. Kamdani as Chair of B20 Indonesia outlined three priority areas of the B20 Indonesia, which are global health architecture, digital transformation and energy transition. Shinta W. Kamdani also invited the Belgian prominent business leaders and high level government officials to contribute to the B20 Indonesia Summit in November. #B20Indonesia #B20Summit #B20 #Europe

  • The 15th season of Ajujaht, the largest accelerator of business ideas in Estonia, is about to begin

    April 21, 2022. TALLINN, HARJUMAA, ESTONIA. The 15th season of Ajujaht, the largest start-up accelerator programme in Estonia, is about to begin. The 15th season of Ajujaht, the largest start-up accelerator programme in Estonia, is about to begin. Teams can apply for the Ajujaht programme until 8 May. The programme, which lasts until the end of the year and was created by the joint agency of Enterprise Estonia and KredEx, is based on long-term experience and aims to support the rapid growth of start-ups. Participants will receive more than 300,000 euros in grants and investments this year. According to Eve Peeterson, the Head of Startup Estonia, the role of start-ups in the Estonian economy cannot be underestimated as they already pay approximately 125 million euros a year in labour taxes to Estonia, create knowledge, and attract foreign talent. Many of these success stories began in the Ajujaht programme. “In view of the small population of Estonia, the number of Estonian start-ups as well as the number of unicorns is an important indicator that we have excellent ideas, a strong ecosystem, and a network of organisations to support start-ups. The goal of the Ajujaht programme is nothing less than to change the world, and the programme this year is designed to put a start to the next international success stories,” Peeterson explained. She added that the 15th season of Ajujaht is special in many ways and has been significantly renewed compared to previous years. We are still looking for outstanding business ideas, but above all, existing teams and companies which need additional impetus to reach the next level with their start-ups are welcome to apply this year. The start-ups selected for the competition will go through a full-scale accelerator programme. The ultimate goal of the programme is to help the companies become scalable and ready for investments. Among other things, support is provided in finding the first customers, entering export markets, and raising capital. A record number of key mentors have been involved in the programme this year, providing practical advice to the teams throughout the programme. According to Andra Altoa, Head of Strategy at SEB Baltic, which is a long-term supporter of the Ajujaht programme, all of the unicorns in Estonia today have gotten to where they are now with small steps and thanks to a motivated team that really wants to achieve something. Therefore, everyone who has a vision and lots of motivation is welcome to apply. “This year, the goal of Ajujaht is to offer the participants the most effective programme and to help as many start-ups as possible to be ready for investments. Although only one team will win the TV show, all participants in the programme receive a high level of expert advice and are able to build a strong business network both in Estonia and abroad,” added Altoa. This year, the prize fund is more than 300,000 euros, and the supporters of the programme will also hand out several thematic special prizes. Applications can be submitted until 8 May on the website of Ajujaht. The 8-part TV show about the exciting programme and the development of the teams will be broadcast on ETV from October to December. The Ajujaht accelerator programme and TV competition is a collaboration between the public and private sectors. It was initiated by the joint agency of Enterprise Estonia and KredEx. Over the years, nearly 5,000 business ideas have been submitted to Ajujaht, and several of them have grown into local and international success stories. The best-known examples include Bolt, Bikeep, Click & Grow, GoWorkaBit, FoodDocs, Groveneer, Timbeter, and many others.

  • ASTON MARTIN ACCELERATES JOURNEY TO A WORLD-LEADING SUSTAINABLE ULTRA-LUXURY BUSINESS

    April 22, 2022. GAYDON, UK. Announcememt of ambitious Racing.Green.Technology Racing.Green. sustainability strategy to be embedded throughout Aston Martin and overseen by dedicated Board Sustainability Committee Accelerating action on climate change with commitment to the Science Based Targets initiative (SBTi) Net-Zero Standard, targeting net-zero manufacturing facilities by 2030 and across the company’s entire supply chain by 2039 Clear roadmap to electrification with first hybrid electric car commencing deliveries in 2024, first Battery Electric Vehicle (BEV) targeted for launch in 2025 and fully electrified Sport/GT and SUV portfolio by 2030 22 April 2022 - Gaydon, UK: Aston Martin has today hit the accelerator pedal on its journey to becoming a world-leading sustainable ultra-luxury automotive business, with the announcement of an ambitious new sustainability strategy, Racing.Green. Launched on Earth Day, Racing.Green. formalises core principles, aligned with the UN Sustainable Development Goals, that reflect Aston Martin’s established approach to sustainability and sets bold new targets across all aspects of the business with a focus on tackling climate change, creating a better environment and building a stronger, more diverse, and more inclusive company. The ultra-luxury British manufacturer has joined a list of ambitious companies committing to act on climate change through membership of the Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with climate science. Within the commitments announced in Racing.Green. Aston Martin is targeting Net-Zero emissions from its manufacturing facilities by 2030, with a 30% reduction in supply chain emissions from a 2020 baseline. The company has outlined an ambition to achieve Net-Zero emissions across its entire supply chain by 2039. The new targets build on Aston Martin’s sustainability progress to date, with a 44% reduction in emissions intensity in its UK operations between 2020 and 2021 and 100% renewable energy used across all its UK manufacturing facilities since 2019. A major project will see Aston Martin install more than 14,000 solar panels at its St Athan site in Wales, capable of delivering 20% of the plant’s annual energy demands. 100% of waste at Aston Martin is already successfully diverted from landfill, with a target to eliminate all plastic packaging waste at Aston Martin within three years. The Racing.Green. strategy also targets the reduction of water consumption by 15%, maximisation of sustainable materials and enhancement of biodiversity across all sites. Renowned for its product longevity, exclusivity and hand-built craftsmanship, Aston Martin has manufactured fewer than 109,000 cars in its 109 year history – with 95% of these highly treasured cars estimated to be still on their journey. Sustainability principles will also be embedded into Aston Martin’s future product strategy, including a clear roadmap to electrification. Aston Martin is developing alternatives to the internal combustion engine, with its first plug-in hybrid - the mid-engine supercar Valhalla – to commence deliveries in early 2024. Aston Martin’s first battery electric vehicle is targeted for launch in 2025, and by 2026, all new Aston Martin product lines will have an electrified powertrain option. Aston Martin plans for its entire core portfolio of GT sports cars and SUVs to be fully electrified by 2030. The use of innovative sustainable materials in Aston Martin cars is also being expanded, including exploring the use of green aluminium alloy - manufactured using 100% renewable energy - and leather-free vegan interior options, to provide greater customer choice and reduce environmental impact. As part of its Diversity, Equality and Inclusion strategy, Aston Martin is targeting 25% of all leadership roles to be filled by women within the next five years. The Racing.Green. strategy, and progress towards its goals, is overseen by a Board Sustainability Committee chaired by Non-Executive Director Dr Anne Stevens. Tobias Moers, Chief Executive Officer of Aston Martin Lagonda, said: “Aston Martin is accelerating. We are transforming our business and believe that now is the time to challenge ourselves to make a bigger difference, to become a world-leading sustainable ultra-luxury business. “Whilst embracing electrification, we believe our sustainability ambitions must be broader than just producing emissions-free vehicles, and want to drive sustainability principles across our entire business, with a team representative of society proudly producing responsible products with a reduced environmental impact and making a positive contribution to the communities where we operate. “Applying our passion for engineering and design innovation to this challenge, we are excited about shaping not just how quickly the world gets from zero to sixty, but how quickly we get to Net-Zero.”

  • NOTICE OF RIGHT TO CONVERT

    April 1, 2022. BUENOS AIRES. 2.00% Convertible Senior Notes due 2028 CUSIP [58733RAD4] NOTICE IS HEREBY GIVEN, pursuant to Section 14.01(b)(iv) of the Indenture, dated as of August 24, 2018 (the “Indenture”), by and between MercadoLibre, Inc. (the “Company”) and Wilmington Trust, National Association, as trustee, that the above-referenced notes (the “Notes”) have become convertible in accordance with said section, and may be surrendered for conversion at the option of the Holder thereof, through June 30, 2022, as a result of the Last Reported Sale Price of the Company’s Common Stock being more than 130% of the Conversion Price in effect on each applicable Trading Day during at least 20 of the last 30 consecutive Trading Days of the calendar quarter ended March 31, 2022. Capitalized terms used in this Notice and not otherwise defined herein have the meanings given to them in the Indenture. MERCADOLIBRE, INC The CUSIP number is included herein solely for the convenience of the registered owners of the Notes. No representation is made as to the correctness or accuracy of the CUSIP number either as appearing on the Notes or on this notice.

  • Indian Public Cloud Services Market to Grow at a CAGR of 24% for 2021-26, According to IDC

    May 24, 2022. INDIA. The overall Indian public cloud services market is expected to reach $13.5 billion by 2026, growing at a CAGR of 24% for 2021-26. The Indian public cloud services (PCS) market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), revenue totaled $4.6 Billion for 2021, according to the International Data Corporation (IDC) Worldwide Semi-annual Public Cloud Services Tracker, 2H21 (July-December). The overall Indian public cloud services market is expected to reach $13.5 billion by 2026, growing at a CAGR of 24% for 2021-26. "With digital innovation leading the top business objectives for Indian organizations, cloud adoption is set to accelerate in 2022. Driven by the need for agility, flexibility, and faster access to digital technologies, cloud continues to gain momentum across segments. Additionally, the need to leverage data intelligently, is supreme and enterprises are able to do so with access to technologies that are built on a cloud foundation," says Rishu Sharma, Associate Research Director, Cloud and Artificial Intelligence, IDC India. SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 2021. Public cloud spending continued to increase among enterprises, with the top two service providers holding more than 45% of the Indian public cloud services market. India continues to be among the fastest-growing market for public cloud service providers due to the robust demand from large enterprises, digital natives, and also from small and medium businesses in the country. In 2021, enterprises continued to invest in public cloud to ensure business continuity, improve resilience and productivity, and drive digital innovation. There has been an increased demand for cloud-based security applications as organizations expect part of their hybrid workforce to return to offices in 2022. Apart from migrating existing workloads to the public cloud, there is also an increased demand for cloud-native application development after the pandemic, driven by the need to bring ideas faster to the market and address customer demands. "Public cloud adoption continued to surge in 2021 as enterprises invested in public cloud as part of their digital transformation initiatives to improve business resiliency and become a digital-first organization. The increased spend is expected to continue in the upcoming years as enterprises invest in emerging technologies like AI/ML, IoT, blockchain, etc., to automate processes and drive innovation with public cloud as the foundation. The increasing investments in areas like edge computing and IoT will drive the demand for public cloud infrastructure services, especially storage and data management," says Harish Krishnakumar, Senior Market Analyst, IDC India. —Ends— For more information about IDC's tracker products and research services, please contact Shivani Anand, Senior Marketing Specialist at sanand@idc.com . You can also follow IDC India’s Twitter and LinkedIn pages for regular updates. About IDC Trackers IDC Tracker products provide accurate and timely market size, company share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad. About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insight

  • Aman reawakens across Europe

    June 15, 2020. AMAN RESORTS, HOTELS & RESIDENCES. New beginnings in Italy, Greece, Turkey, Montenegro and Morocco A new chapter begins as Aman’s European properties re-open, mindful of all that has changed and reinvigorated to move forward, both consciously and responsibly. With their own unique characters, each property remains charged with Aman’s commitment to provide extraordinary experiences that encompass both adventure and a sense of peace in some of the most magnificent parts of the world. Discover our destinations in Europe at: https://www.aman.com/destinations/cou... Connect with Aman across our channels: Instagram: https://www.instagram.com/aman/ Facebook: https://www.facebook.com/amandestinat... LinkedIn: https://www.linkedin.com/company/aman... Pinterest: https://www.pinterest.co.uk/Amanresorts/

  • Kerry Apex: June 15th GRI

    June 1, 2022. HONG KONG Ocean carriers have announced a general rate increase effective June 15. From Asia to all U.S. destinations: $900/20' $1,000/40' $1,125/40'HC $1,266/45' Reminder: Protect Your Vessel Manifest Data An importer or consignee can request confidential treatment of its name and address as well as the shipper's name and address from the vessel manifest data. The importer or exporter can fill out the online application via CBP's website (bit.ly/3M4yYCA), send and email request to vesselmanifestconfidentiality@cbp.dhs.gov, or send a written request to: Vessel Manifest Confidentiality 22001 Loudon County Pkwy Mail Stop #1354 Ashburn, VA 20598-1354

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