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Gujarat’s investor summit postponed due to Covid surge

Gujarat’s investor summit postponed due to Covid surge

INDIA’S Gujarat state government has decided to postpone the 10th edition of the Vibrant Gujarat Summit in the wake of a spike in Covid-19 cases.

The three-day biennial summit was planned in Gandhinagar from Monday (10) to attract investments and delegations from partner countries and CEOs of top companies were supposed to participate in the event.


“Gujarat chief minister Bhupendra Patel, after analysing the situation, has decided to postpone the 10th edition of the Vibrant Gujarat Summit as of now, to stop the spread of the Covid-19 and its new variant Omicron among people of the state,” an official communication said on Thursday (6).

"The decision has been taken as the Omicron variant of Covid-19 is spreading rapidly in the world and the country”, the communication from the state chief minister's office said.

On Wednesday )5), the daily Covid-19 cases in Gujarat crossed the 3,000-mark for the first time after May 26 last year with the addition of 3,350 infections, raising the state's tally to 8,40,643.

Gujarat reported 50 new cases of the Omicron variant on Wednesday, taking the tally of such cases in the state to 204.

(PTI)

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Scotch whisky production slows as tariffs and weak demand bite

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Scotch whisky production slows as tariffs and weak demand bite

Highlights

  • American tariffs adding 10 per cent to costs, with further 25 per cent charge on single malts expected next spring.
  • Barley demand slumped from up to 1 million tonnes to 600-700,000 tonnes expected next year.
  • Major distilleries including Glenmorangie and Teaninich have paused production for months.
Scotland's whisky industry is facing a sharp downturn in production as it adapts to challenging market conditions worldwide, with US tariffs and weakening global demand forcing major distilleries to halt operations.

Tariffs introduced under the Trump administration have added 10 per cent to importers' costs in the industry's biggest export market.

American tariffs on single malts, suspended four years ago, are expected to return next spring with a further 25 per cent charge unless a deal is reached.

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