ECGC : Reduction in insurance cost for exporters

Mumbai, 31 May, 2017 (PN) : In its60th year of operation, ECGC took a customer friendly step by reducing the premium rate by an average 17% for its whole turnover policy covers. The average rate of premium under short term exporters’ business has come down from 28.19 paise per Rs.100 during Financial Year (FY) 2015-16 to 25.46 paise per Rs.100 during FY 2016-17, thus reducing the transaction cost for making exports competitive.

ECGC is a premier Export Credit Agency (ECA) of Government of India providing credit insurance to exporters against non-payment risks by the overseas buyers due to Commercial and Political reasons. It also provides insurance covers to banks against risks in export credit lending to the exporter borrowers.ECGC has an Authorized Capital of Rs.5000 crore and a Paid-up-Capital of Rs.1450 crore as on 31 March, 2017. Its net worth as on 31 March, 2017 stands at Rs.3619 crore.

During the FY 2016-17, it has initiated a number of customer friendly export promotion initiatives to boost India’s exports.

Apart from reduction in premium rates under whole turnover policies, it has also taken steps to make Export Factoring Scheme, cheaper for MSMEs. To give fillip to the Medium & Long Term (MLT) export sector, the Company has introduced covers to the subsidiary  MLT exporters in India.  In order to speed-up claim settlement, ECGC has set up Regional Claim Processing Centers (RCPC) at all the five Regional Offices, located in major metro cities. As an incentive to large exporters, the Volume Discount has been rationalized to extend the benefits to more and more exporters.

Addressing a media meet to highlight business performance for the FY 2016-17, Mrs. Geetha Muralidhar, Chairman-cum-Managing Director of ECGC mentioned that the value of exports covered under exporters’ business as well as the number of policies in force had shown a redeeming trend with a growth of 4%. The value of business covered during FY 2016-17 stood at over Rs.1,41,000 crore and the number of policies in force at over 12,000 as compared to Rs.1,35,000 crore and 11,525 respectively in the FY 2015-16.

Under the Export Credit Insurance Covers issued to Banks (ECIB), the export advance outstanding of the banks and covered by ECGC as on March 31, 2017 stood at over Rs.1,17,000 crore covering over 23,500 exporter accounts.

The share of Banks covered by ECGC in export credit disbursement continues to be substantial though declining. All the Government owned banks and 14 private sector banks are under the cover of ECGC.

The overall business which includes the covers issued to the exporters, banks and MLT sector, covered during FY 2016-17 stood at over Rs.2,65,000 crore.

In the wake of continued global recession and uncertainties, ECGC also continued to experience high claim pay out of Rs.886 crore during FY 2016-17  after the record claim pay out in the last FY 2015-16. ECGC paid out 578 claims amounting to Rs.207 crore to exporters under direct policies and 200 claims amounting to Rs.679 crore to the lending banks under Export Credit Insurance Covers issued to Banks during FY 2016-17.  ECGC maintained  high solvency ratio of 8.88 as on 31 March, 2017 against the regulator’s norm of 1.5.  The claims paid are spread  across various sectors such as agricultural products, engineering goods, gems & jewellery, readymade garments, basic chemicals & Pharmaceuticals, etc.

As regards Policy business, the Corporation presently underwrites risk on 237 countries of the world and maintains records of about 1,25,000 active buyers all over the world wherein the overall exposure underwritten is to the tune of Rs.1,40,000 crore. During the FY 2016-17, the Company added around 18,000 new buyers to its database. The data on buyers is used for underwriting commercial risks on the buyers.

ECGC also covers risks of project exporters and banks involved in the medium and long term exports. As on 31 March, 2017, around 85 policy covers and about 142 covers to banks were in force. Major projects supported by ECGC, are being executed in Oman, Kenya, Vietnam, Afghanistan and Nepal.

On account of Government of India,ECGC operates National Export Insurance Account (NEIA) Trust to promote project exports from India that are of strategic and national importance which are beyond underwriting capacity of the Company. As of 31.03.2017, there were 122 covers in force related to 76 projects under NEIA.  The value of exports enabled by ECGC is over Rs.26,000 crore and through the Buyer Credit covers it is around Rs.8500 crore.

Dwelling on the financial results of the Corporation for 2016 -17, Mrs. Geetha Muralidhar mentioned that the Corporation’s financial results during the year were highly satisfactory with Gross Profit of over Rs.400 crore. The Company has proposed a dividend of Rs. 72.50 crore to the Government of India for the FY 2016-17.

In the International arena, ECGC signed a bilateral agreement with Iranian counterpart, EGFI on May 23, 2016 in the presence of the Prime Minister of India and President of Iran. ECGC hosted and chaired 2 BRICS Heads of ECAs Meeting in New Delhi on October 13, 2016, 2nd BRICS Technical Workshop on December 01- 02, 2016 at Hyderabad and G12 Heads of ECAs meeting on February 20-21, 2017 at Chennai.

As directed by the Government of India, ECGC has been participating in theInternational Working Group (IWG)on Export Credits to evolve a set of international guidelines on the officially – supported export credit proposals for Projects/Export of Capital goods involving a credit period of more than 2 years.

ECGC is in discussion with African Trade Insurance Agency (ATI) to explore the possibilities of supporting exports to African Region through reinsurance and coinsurance. ATI provides political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa

The Parliamentary Standing Committee on Commerce in its 125th report, while appreciating the efforts being undertaken by ECGC for overall growth of Indian exports, the Committee has opined that the framework of export credit needs to be made more robust and hence ECGC needs to be adequately capitalized.  In addition, while commending the work of ECGC in covering the banks, owing to high risk that it has to bear, once again they recommend that ECGC should be heavily capitalized.

The company’s contribution in the last decade by way of claim settlements of around Rs.7000 crore has provided the much needed support to exporters and relief to banking system in ensuring adequate lending to exporters.

The year ahead looks challenging for the exporters and the Ministry of Commerce is taking several steps to boost exports from the country. ECGC is also looking forward to partner with government in its initiatives by making credit insurance more easily accessible for the exporters.There are many export friendly initiatives under discussion with the regulator and the Government, she said.ENDS.

Rohto Pharmaceutical Co., Ltd., Japan Forges a Capital & Business Alliance with SastaSundar.com

(From L-R)- Koji Suzuki - Managing director Rohto ( India ):Ryoji Noda - Consul - General of Japan – Mumbai:Dr. Lekh Raj Juneja - Executive Vice President Rhoto Pharma Pvt. Ltd: B.L. Mittal - Founder & Executive Chairman , Sastasundar Healthbuddy Ltd.;Miyuki Eguchi - Consul - Economic Section; Ravikanth Sharma - Managing Director & CEO , Sastasundar Healthbuddy Ltd. at press conference in Mumbai - Photo By Prime News

Mumbai, 31st May, 2017 (PN) :Rohto Pharmaceutical Co., Ltd. (“Rohto”) Japan, today, announced a Capital and Business Alliance with SastaSundar Healthbuddy Limited, a wholly owned subsidiary of SastaSundar Ventures Limited, an NSE and BSE listed company, owning and operating SastaSundar.com, a leading digital network of healthcare in India. Rohto has invested $5 million (Rs 32.2 crores) in SastaSundar Healthbuddy Limited and is likely to make further investments as the business progresses.

Dr. Lekh Raj Juneja, Executive Vice-President & Global Head International Business of Rohto, Mr. B. L. Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited, His Excellency, Mr. Ryoji Noda (Consul General of Japan in Mumbai), Mr. Koji Suzuki, Managing Director, Rohto Pharma (India) Pvt Ltd. & Mr. Ravi Kant Sharma, Managing Director & CEO, SastaSundar Healthbuddy Limited were present to announce this grand alliance.

Established in 1899, Rohto initially played a role in every customer’s welfare with its drugs including unique eye drops and  gastrointestinal medicines. Later, the company successfully ventured into dermal medicines, skin care, and functional foods. Rohto, a global leader, selling and marketing its products in more than 120 countries, aspires to become a company that challenges itself for “healthy life span” through both advanced life science and daily lifestyle based on technological expertise. Rohto entered India in 2010, by establishing its wholly-owned subsidiary ‘Rohto Pharma (India) Pvt. Ltd.’, with its leading lip care brand ‘LipIce’. The following year it launched a range of products including ‘LipIce Color’ under its brand ‘LipIce’. Subsequently, it launched two new brands – ‘OXY’ specialised skin care range for men, and ‘Acnes’ for specialised acne care, in India.

SastaSundar.com is building India’s leading digital network of healthcare, managing efficient pharma & wellness products’ supply chain & connecting doctors, diagnostic services, healthcare clinics and health information services. Currently, SastaSundar.com is operating in West Bengal only and will expand to pan India. The digital network of SastaSundar.com is being built upon the online to offline model of healthcare delivery leveraging technology and inventory less service centre of the franchise called Healthbuddy. For the year ended March 2017, the GMV of SastaSundar.com was Rs.153 crores and it delivered close to 17 lacs orders. As on date, it has 178 Healthbuddy stores with 4.40 lacs registered customers. SastaSundar.com has portfolio of its own brand which includes unique line of customised health supplement called DNAVITA, authentic herbal products in the brand of Healthbuddy and toxin free beauty care – Zerotox. Apart from this product line, it has health information services through its channel “Know Health” which consists of Health Articles, Medicine Info and Substitute of Generic Medicines, Symptoms Checker and Health Tools. SastaSundar.com provides customised app using artificial intelligence and has unique service capability based upon health condition data.

“Rohto is looking for the expansion of its base in India with SastaSundar.com as its preferred partner in the e-commerce business. SastaSundar.com has shown significant growth in a short span since starting their operations and we were indeed impressed with their business model and hence decided to invest. Rohto will assist SastaSundar.com in scaling its operations pan-India with our global expertise. Rohto embraces this entrepreneurial opportunity as the friendship between the two great nations of India and Japan. With this alliance, we will in our small ways contribute towards attaining the Hon’ble Prime Minister Of India, Mr Narendra Modi’s vision of Make-in-India and Digital India initiative”, said Dr Lekh Raj Juneja, Exective Vice-President & Global Head International Business of Rohto.

“At SastaSundar.com, we use knowledge and digital connectivity to reduce cost and add convenience in making available high quality medicines, healthcare products and services through fast online access and convenient home delivery process to make life simple and happy. We are extremely proud to have Rohto joining hands with us, which will be mutually beneficial. As we are on a growth path and looking for a pan-India expansion, we plan to scale up our operations in Mumbai soon. Our association with Rohto will help us in achieving our immediate goal”, said Mr BL Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited.

SastaSundar aims to have a total of 250 Healthbuddy stores in West Bengal & 50 Healthbuddy stores in Delhi by March 2018.

“By utilising the network of SastaSundar we will be introducing well-acclaimed products from our global brands in the healthcare segment in India. This will also help us in expanding our footprints in India, which is a key emerging market for us”, added Dr Juneja.

“Partnership of Rohto and SastaSundar.com will address one of the biggest problem of India – consistent access to affordable healthcare in a convenient manner”, added Mr Mittal.

India is one of the largest manufacturers of medicines in the world and boasts of the best of doctors. Yet, the majority of Indians do not have access to consistent and affordable healthcare. This is where the association between Rohto and SastaSundar will play a major role in connecting the missing link by leveraging digital technology.

R.Sridhar’s book “Unlock the Real Power of Ideation” launched

(L-R) Mr. S. Ramadorai, former Vice-Chairman of Tata Consultancy Services & former Chairman of National Skill Development Agency & National Skill Development Corporation, Mr. Piyush Pandey, Executive Chairman & Creative Director, South Asia, Ogilvy & Mather and Mr. B.S. Nagesh, Founder, TRRAIN (Trust for Retailers and Retail Associates of India) & who was instrumental in shaping modern retailing in India through Shoppers Stop, launching the book titled “Unlock The Real Power of Ideation”by renowned innovation facilitator, consultant and coach Mr. R.Sridhar.-By Prime News.

•A Reference manual for Entrepreneurs, Managers & Leaders

Mumbai, 26th May 2017 (PN) : RenownedInnovation facilitator, consultant and coach, Mr. R.Sridhar’s book “Unlock the Real Power Of Ideation” was launched at a glittering function at Crossword, Kemp’s Corner, Mumbai. The book was jointly unveiled by three eminent personalities from Corporate India – Mr. S. Ramadorai, former Vice-Chairman of Tata Consultancy Services & former Chairman of National Skill Development Agency & National Skill Development Corporation, Mr. B.S. Nagesh, Founder, TRRAIN (Trust for Retailers and Retail Associates of India) & who was instrumental in shaping modern retailing in India through Shoppers Stop, and Mr. Piyush Pandey, Executive Chairman & Creative Director, South Asia, Ogilvy & Mather.

What lends credibility to the book are Sridhar’s credentials – 25 years with Ogilvy India, best known for his pioneering work in Direct Marketing. He was on the board of Ogilvy, when he decided to start his innovation practice in 2000. He created his own ideation process called “Creative Block Busting©”. The unveiling was followed by a panel discussion between the author and all the three chief guests on “Why are bright managers unable to think differently?

The book addresses some pertinent questions like – Why are bright managers unable to think differently. Why are ideation sessions not as productive as managers would like them to be? Why do senior leaders kill ideas when their support is most needed? The book also touches upon some more troubling and vexing problems faced by leaders of today.

R. Sridhar has been Corporate India’s `Go to Man’ – an authority on the subject, the book taps into his rich experience of over 17 years of facilitating more than 400 ideation sessions to clients across businesses and product categories. Sridhar downloads his mercurial brain into this must have blueprint for ideation. The book subtly nudges the readers to make creativity a healthy cognitive habit. A virtual treasure-trove for those whose job involves solving problems and finding solutions, anyone looking to find answers beyond the obvious, whether in business or even in one’s own life will find the book practical and imbibed with valuable insights.

The central character in the book is a cynical CEO and it revolves around how he and his management team are cracking an important issue. While the content is fictional and the style is conversational what is commendable is that the book is 100 per cent jargon free.

The book is published by Productivity & Quality Publishing Pvt Ltd and is available in paperback and Kindle edition too. The Paperback edition is for Rs.360 while the Kindle Edition is for Rs.300. The first chapter of the book and the prelude is available free and can be downloaded by visiting the url – http://ideasrs.com/book/and after filling up a simple form.Ends.

About Sridhar

Sridhar is an Innovation Facilitator, Consultant & Coach, who helps his clients benefit from the power of ideas. He helps clients choose the right challenges, generate alternative ideas, select ideas smartly, develop them into powerful solutions, and coaches them through to implementation. His clients value his work because of his expertise, experience and commitment to delivering results. His clients include blue chip organisations across all sectors in India.

An accredited CEO Coach from the Coaching Foundation of India, Sridhar’s most recent achievements is to create an iPhone/iPad app called TickleMeThink™ that helps people to think differently (www.ticklemethink.com) – available as free download in the iPhone Appstore. Sridhar enjoys putting together interesting workshops and thinking tool kits. His Creative Block Busting™ Workshops are rigorous and enjoyable. He has conducted over 400 such workshops in the last 15 years.

Sridhar, a sought after speaker on the subject of Corporate Innovation anchored a 13-episode show on CNBC called “The Power of an Idea” featuring several well- known leaders from industry. His recent TEDx talk “Evict The Enemies Within” was a thought provoking one, that inspired many. Sridhar had a distinguished career in Ogilvy & Mather for 25 long years. He started India’s first Direct Marketing agency. Subsequently he also set up Ogilvy Consulting. He was a Director of Ogilvy & Mather India, when he decided to set up his own innovation practice in 2000 – IDEAS-RS.

Global uncertainty keeping Oil prices volatile: Could impact India’s budget deficit and growth

Alireza Moghaddam, Chairman, AMIDT Group

Mumbai, 24 May,  2017 (PN) : The global economic scenario is going through turbulent times. The problems in the Middle East coupled with problems brewing up in South East Asia between North Korea  and USA could significantly impact the supply of crude, AM is reiterating its bullish call on crude oil, as the fossil fuel sits at four week highs following this week’s U.S. missile attack on Syria.

Keeping the above scenario in mind, leading analysts foresee prices to climb to the high of $60s within months — a nearly 20 percent move from current levels. That would translate to roughly a $1.80 gasoline spot price. According toanalysts summer driving season would give a boost to Oil prices and they do not expect oil prices to fall anytime soon”.

Crude initially jumped two percent as the news of U.S. airstrikes on Syria started coming before giving back some gains. The commodity settled up one percent on Friday to $52.24 a barrel, its highest settle in a month. However, crude is still down nearly three percent so far this year.

There is no immediate supply disruption threat, since Syria’s six-year-old civil war has moved the majority of local production offline. However, analysts pointed out a few wildcards, which include potential new strains between Russia and the Sunni Arab Gulf Cooperation Council (GCC) states, and whether the U.S. strikes could give hardliner candidates a lift in Iran’s presidential election in May. These situations could also propel prices higher.

All this uncertainty could have a dramatic impact on the budgets of Oil importing countries like India.  High  and volatile prices may lead to trade and fiscal imbalances, a crisis of consumer confidence and rising inflation, as well as a weakening  competition and the regulatory framework: while price volatility creates uncertainty in energy planning and investment, which affects economic growth. In light of the variation in the timing and duration of these problems—ranging from short-term hindrances to permanent changes in the macro economy—an effective solution calls for a multi-horizon strategy. The degree of demand elasticity for electricity and vertical integration in the sector influences how utilities are affected by high and volatile prices.

A country will, irrespective of its stand as an oil importer or an oil exporter, be affected by the uncertainty in oil prices due to its trade and capital-flow links with other oil-exporting countries. Moreover, international trade is affected by the uncertainty and volatility of oil prices in terms of increased risks facing both importers and exporters. The competitive advantages of both net-oil exporting and net-oil importing countries could fall quite substantially as a result of oil-price fluctuations.

A change in the oil-price level as well as its variability poses many challenges to a diverse range of actors in the global market: Governments and institutions meet increasing difficulties in predicting the oil price and reacting to its changes; financial institutions have put forth specific efforts to hedge themselves from the risks associated with variability in oil-prices; and globalization and international trade fares badly in times of large oil-price variability. While researchers have put much effort into refining the techniques for predicting the oil-price level, challenges to forecast it accurately still remains.

This sharp increase in the world oil prices is generally regarded as a factor discouraging economic growth. Particularly, during highs, when recorded in the world oil market brings apprehension about possible slump in the economic growth in both developed and developing countries.

The overall effect of changes and uncertainties in oil prices on the economy as a whole depends on many parameters, including a country’s position in the oil market, its degree of competitiveness, the very composition of its competitive advantage, as well as the specific nature of the oil price shock.

These price shocks have raised serious concerns among the policy makers all over the world. The adverse economic impact of higher oil prices on oil-importing developing countries is generally considered as worse than for the developed countries because of their more reliance on imported oil and as they are more energy-intensive.

Importantly, the effects of severe oil price changes do not have to be only negative. Low oil price opens up for the opportunity to “correct course” through investments in greener technology and energy systems. In this way, economies might be able to hedge themselves from the harm that oil price fluctuations make to their markets and economies — irrespective of their stand as oil consumers or oil importers — and simultaneously take steps towards building a new climate economy.

India as an oil importing country stands to lose during the volatile and high oil prices scenario. The Indian governments push towards investing in Renewable technologies like Solar and Wind are steps in the right direction. Not only would it reduce dependence on fossil fuels but also help reduce pollution which is a major problem in most Indian cities. India also has a high dependence on Atomic energy for power usage. A combination of Atomic and Renewable Energy would be the best solution for a country like India, where it would reduce its dependence on Oil and propel its economy toward the 7% plus GDP growth target.Ends.

The 14th edition of Municipalika 2017 sets new benchmarks in urban development

Left to Right : Mr. V. Suresh, Advisor, Good Governance India Foundation, Former CMD, HUDCO, Mr. Sudhakar Sambhaji Sonawane Worshipful Mayor, Navi Mumbai Municipalika Corporation, Mr. Koh Lin Ji Group Director, International Development Group Building and construction Authority, Singapore, H. E. Mr. Nadir Patel High Commissioner of Canada in India, Mr. R Roshan Baig, Hon’ble Minister of Urban Development and Haj, Government of Karnataka, Mrs. Maya Singh Hon’ble Minister of Urban Development and Housing, Government of Madhya Pradesh, Mr. Durga Shankar Mishra, Additional Secretary, Ministry of Urban Development, Government of India, Mr. Pawan Arora, Director of Local Bodies and Joint Secretary, Government of India, Mr. Sanjiv Agarwal, Founder Chairman Good Governance India Foundation, Editor & Publisher – Urban News Digest – Photo By Prime News.

Navi Mumbai, May 18, 2017 (PN) : Municipalika 2017 held at the CIDCO Exhibition Centre from 18^th to 20^th May, 2017, provided the largest platform for players in the industry where they were able to connect with dealers, influencers, service providers, business investors, and government representatives. Municipalika is providing an opportunity to buyers, distributors, service providers in the smart and sustainable city solutions to connect, and is providing a wide exposure to the exhibitors to network.

The event inauguration was graced by Mr. V.  Suresh, Advisor, Good Governance India Foundation, Former CMD, HUDCO, Mr. Sudhakar Sambhaji Sonawane Worshipful Mayor, Navi Mumbai Municipalika Corporation, Mr. Koh Lin Ji Group Director, International Development Group Building and construction Authority, Singapore, Mr. Durga Shankar Mishra, Additional Secretary, Ministry of Urban Development, Government of India, Mr. R Roshan Baig, Hon’ble Minister of Urban Development and Haj, Government of Karnataka, Mr. Pawan Arora, Director of Local Bodies and Joint Secretary, Government of India, Mrs. Maya Singh Hon’ble Minister of Urban Development and Housing, Government of Madhya Pradesh, H. E. Mr. Nadir Patel High Commissioner of Canada in India amongst others.

During the inauguration, the key speakers shed light on the activities carried out at both international and national levels, where they highlighted new plans and policies to aid and develop rural and urban areas. The announcement of Smart Cities by the Government and the ensuing work already done around it, has created the necessary momentum to introduce another 40 new Smart Cities in India by June 2017.

Along with the development of Smart Cities, would be allied projects that would provide basic services (e.g. water supply, sewerage, urban transport) to households’ and build amenities in cities which will improve the quality of life for all. Project Amrut, is being developed with a vision to provide water through the facility of tap to every household by the year 2019. Taking the water aspect and its severity with the new challenges being faced, rain water harvesting should be a priority which should be a part of all upcoming and existing housing developments. To manage water crisis, initiatives to have bore wells in the country, will help the farmers to avoid draught.

The importance of connectivity has grown and the dependence of public on transportation has grown. With the increased demand, the government of India has laid down a trail of 200 kms for the Metros and another 500 kms are proposed.

The three day Conference and Exhibition, with the theme of ‘Smart and Sustainable City Solutions’ will be providing an opportunity to showcase the best solutions for various challenges faced by growing cities of India. Municipalika Exhibition segment is one of the biggest in the country, with over 150 exhibitors showcasing technologies, equipment, products, software and solutions for Smart and Sustainable Cities, which covered all facets of urban and housing development and building construction activities.

Over a period of three days, Municipalika will be hosting not only the exhibition but conferences on various subjects that are of concern in the building and development of smart and sustainable cities, some of which include , Sustainable Built Environment And Communities,  Connected Cities For Efficient Urban Mobility, Inclusive And  Humane Cities For Housing For All,  Digital Cities  For The Enabling Frame Work And ICT Supporting Back Bone Infrastructure,  and  Integrated And Self-Contained Cities.

The Expo is expecting to see over 1,000 participants from 300 cities in India, Canada, and Singapore. The Government of Maharashtra is the Host state, and the event will be supported by Government of India and its ministries of Urban Development, New and Renewable Energy, Electronics and Information Technology, etc. Canada and Singapore will be bringing forth their rich global experience of decades in creating sustainable and vibrant smart cities with the best practices in planning, design, execution and good governance of cities.

“With Vancouver being the 3rd most liveable city in the world, we want to bring these innovative solutions to Indian cities. India is a priority market for companies from British Columbia and we are forging partnerships with several states, cities and municipalities”, said Joel Fernandes, Director, Trade and Invest British Columbia.

The co-located CAPEx (Construction, Architecture, and Planning & Engineering Expo) segment captured the leading building materials, technologies and construction equipment for structural, non-structural, finishing, building and plumbing services. Green building products which are environment-friendly and energy saving found an important place in the CAPEx segment.

Besides the presence of a large number of senior government officials, ULBs, urban parastatals, utilities etc, which have been the USP of Municipalika, there was also a strong focus on private sector stakeholders like real estate developers and builders, system integrators, consultants, EPC contractors, and professionals like architects, engineers, and urban planners attended Municipalika, and specially the co-located CAPEx segment.ENDS.