New Indian channel to highlight expat issues

Updated 15 December 2014
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New Indian channel to highlight expat issues

The new Indian channel to be launched by Insight Media City (IMC) in Kerala will highlight the pressing issues of nearly five million Indian expatriate workers in Saudi Arabia and other Gulf countries, said Alungal Muhammed, CMD of Al-Abeer Group and one of the promoters of the media city.
Addressing a press conference, he said a large number of non-resident Indians (NRIs), especially businessmen, have shown their interest to invest in the Rs 5 billion project. “We also expect a large number of Saudi and Gulf businessmen to invest in this first-of-its kind media city,” he added.
The promoters have purchased 27 acres of land in Ernakulam district to establish the new city where other media organizations would be allowed to open their offices and studios. “We intend to start 14 media ventures including two television stations and an international media college,” said Alungal, who is also chairman of the news channel.
The promoters said they are expecting a profit margin of 20 percent, adding that they would be able to pay dividends to shareholders in the sixth year of operation.
“This is a never-before opportunity for value creation and engaging with new age technology and processes, with seven fold returns by 2020,” Alungal said. Sreekandan Nair, managing director, said IMC has all the potentials to become one of the leading media cities in the world.
“Our media school will have advanced training facilities and will provide PG, degree and diploma courses. We expect many students from Middle Eastern countries.”
Gokulam Gopalan, chairman of Flowers entertainment channel and chairman of Gokulam Group, said his group decided to support the venture as part of its corporate social responsibility. “The new channels will promote moral and social values and fight corruption,” he added.
Flowers will commence telecasting its programs in February while the 24/7 news channel will go on air in April and the media school will function in September, said Nair, adding that the school would have a capacity to accommodate 1,000 students.
“It will be the first school to provide on-the-job training in TV activities.” Khaled Almaeena, brand ambassador of Al-Abeer Educity, also attended the press conference.
Over 100 stakeholders have invested in the project along side key promoters including Vidhya Vinod, CEO of Study World Education Holding, B. Govindan, CMD of Bhima Jewellers, A.M. Arun, chairman of Vasan Eye Care Group in Chennai, Devies Edukulathur, chairman of Bludan Trading, Satish Pillai, executive director of Galfar Group and T.A. Sundar Menon, chairman of Sun International Group.


Saudi Crown Prince sends Modi letter of thanks after leaving India

Updated 1 min 40 sec ago
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Saudi Crown Prince sends Modi letter of thanks after leaving India

  • In the letter, the crown prince expressed “gratitude and appreciation” for Modi’s hospitality
  • After his visit to India, the crown prince arrived in China on Thursday

DUBAI: Saudi Arabia’s Crown Prince Mohammed bin Salman sent a letter of thanks to the Indian Prime Minister Narendra Modi following his departure from India on Wednesday.

In the letter, the crown prince expressed “gratitude and appreciation” for Modi’s hospitality during his visit with the Saudi delegation.  

“The talks we had confirmed the strength of the strategic relations between our countries, and the importance of improving cooperation in all fields, in a way that would serve the best interests of our states and nations,” the letter said.

After his visit to India, the crown prince arrived in China on Thursday, on the third leg of his Asia tour that started in Pakistan.

Prime Minister of the Republic of India

Greetings,

I am pleased to express my gratitude and appreciation for your hospitality towards me and my delegation.

The talks we had confirmed the strength of the strategic relations between our countries, and the importance of improving cooperation in all fields, in a way that would serve the best interests of our states and nations.

Wishing health and happiness for your country, and progress and prosperity for your friendly nation, accept my sincerest greetings and appreciation.

Mohammed bin Salman bin Abdulaziz Al-Saud

Crown Prince and Deputy Prime Minister