Nirmala Sitharaman, Kiran Mazumdar-Shaw in Forbes 2020 list of 100 most powerful women
New York, Dec 9: Finance Minister Nirmala Sitharaman, US Vice President-elect Kamala Harris, Biocon Founder Kiran Mazumdar-Shaw and HCL Enterprise CEO Roshni Nadar Malhotra have been named among the world's 100 most powerful women by Forbes, a list topped by German Chancellor Angela Merkel for the 10th year in a row.
The women on the 17th annual Forbes Power List hail from 30 countries and were born across four generations.
"There are 10 heads of state, 38 CEOs and five entertainers among them. But where they differ in age, nationality and job description, they are united in the ways they have been using their platforms to address the unique challenges of 2020, Forbes said.
Sitharaman is ranked 41st on the list, Nadar Malhotra comes in at the 55th spot, Mazumdar-Shaw -- described as India's richest self-made woman -- is ranked 68th and chairwoman of Landmark Group Renuka Jagtiani is ranked 98th.
Merkel ranks No. 1 for the tenth year in a row. Merkel remains the de facto leader of Europe, leading the region's largest economy after steering Germany through financial crisis and back to growth. Her leadership is marked by her steely reserve, from standing up to Donald Trump to allowing more than a million Syrian refugees into Germany, Forbes said, adding: the big question that the public is now asking is who and what will come after Merkel's time in office comes to an end.
Harris, who became the first woman, first Black American and first Asian American to be elected vice president -- "an unprecedented trifecta of firsts for California Senator Harris", is ranked third on the list.
Harris's "rapid ascension in U.S. politics has also catapulted" her onto the Forbes list of the World's 100 Most Powerful Women for the first time. European Central Bank chief Christine Lagarde is ranked second for the second straight year.
From fighting the pandemic to re-engineering American politics, these influential women, including New Zealand Prime Minister Jacinda Ardern, Vice President-elect Kamala Harris and voting rights advocate Stacey Abrams, are making history, Forbes said.
Several of this year's Power Women received "global plaudits" for their effective responses to COVID-19.
New Zealand Prime Minister Jacinda Ardern (No. 32) vanquished a first and second wave of the virus in her country by implementing strict lockdown and quarantine procedures.
Taiwan's President Tsai Ing-wen (No. 37) implemented a rigorous contact-tracing program in January, as a result, to date, the island of 23 million people has lost only seven lives to the virus, Forbes said.
There are 17 newcomers on this year's list, illustrating that women are leading all aspects of a society transformed by a global pandemic .
New CEO of American multinational company United Parcel Service Carol Tom (No. 11) and head of California-based Clorox Linda Rendle (No. 87) are responsible for helping provide essential services that have kept Americans connected and clean.
CVS Health executive vice-president and incoming CEO Karen Lynch (No. 38) leads the pharmacy giant's vast COVID-19 testing programme and, in 2021 will be responsible for its critical handling of coronavirus vaccines.
The list also includes Co-Chair of Bill and Melinda Gates Foundation, Melinda Gates (5), US House Speaker Nancy Pelosi (7), Facebook chief operating officer Sheryl Sandberg (22), Bangladesh Prime Minister Sheikh Hasina (39), UK's Queen Elizabeth II (46), celebrated artistes Rihana (69) and Beyonce (72).
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Tata-Airbus helicopter facility shining example of partnership in high-end manufacturing: Rajnath
Kolar (Karnataka) (PTI): Defence Minister Rajnath Singh on Tuesday said the investment into H-125 helicopter programme is "anticipated" to cross Rs 1000 crore, and create a number of jobs, and called it a "shining example" of mutually beneficial partnership with friendly countries in high-end manufacturing sector.
He was speaking at the inaugural ceremony of the final assembly line of H-125 helicopters here.
Prime Minister Narendra Modi and French President Emmanuel Macron virtually inaugurated the Airbus H125 light utility helicopter Final Assembly Line at Tata‑Airbus' facility at Vemagal Industrial Area in this district from Mumbai.
Singh, accompanied by his French counterpart Catherine Vautrin, congratulated Tata Advanced System and Airbus Helicopters on the inauguration of the project and recalled their earlier association as well.
"This project is a shining example of mutually beneficial partnership with friendly countries in high-end manufacturing sector," Singh said.
"The H-125 program investment is anticipated to exceed Rs 1000 crore and is likely to create direct and indirect employment opportunities for our skilled and hard working younger generation," he said.
Renowned for its exceptional reliability, versatility, and outstanding performance under diverse operating conditions, the H-125 has proven to be one of the most effective and trusted single-engine helicopters globally, he said.
He recalled that Tata Advanced Systems and Airbus had earlier joined hands for a project in Gujarat's Vadodara for the C-295 aircraft, which he described as a symbol of how Tata in particular and India in general can collaborate with international OEMs to contribute to the vision of a stronger India.
The Defence minister said "Make in India" and self-reliance have been the cornerstone of India's economic policy since 2014.
Singh recalled that this policy initiative was launched by PM Modi, under which India is committed to achieving self-reliance in critical technology and the manufacturing of high-end products and equipment through mutually beneficial partnerships.
"For more than a decade, India has been charting industrial development through large-scale infrastructure building, capital infusion in important sectors through a number of incentive schemes on the one hand, and providing a level playing field for facilitating investment on the other," he said.
He added that it has also been the government's focus to support small and medium industries and strengthen the startup ecosystem in particular. Overall, the focus has been on holistic industrial development, which not only caters to domestic demand but also addresses the needs of other countries.
Highlighting reforms in the defence sector, Singh said these measures have augmented the contribution of the private sector in the defence industrial ecosystem.
According to him, historically, Indian defence production was largely public sector-oriented due to requirements of high capital investment and long gestation periods, resulting in the private sector's contribution being far less than desired.
However, with reforms such as the corporatisation of ordnance factories, establishment of defence industrial corridors, and other initiatives to raise the private sector's share in total defence production, it now stands at almost a quarter of the country's total defence production.
Defence exports have also increased manifold, placing India among the top exporters in the world, he said.
Singh said the growth trajectory has given a massive boost to MSMEs and ancillary sectors, which have grown to more than 16,000 in number, with many foreign companies sourcing components from Indian MSMEs.
He invited companies to deepen the partnership through meaningful technology transfer and offer platforms to meet the security needs of other countries as well.
Union Civil Aviation Minister K Rammohan Naidu, who also attended the event said the H125 final assembly line set up by Tata and Airbus marks a defining moment for India's aerospace sector, calling it "a proud symbol of rising confidence in India's high-precision aerospace capabilities."
He described defence and civil aviation as "two strategic pillars of the Indo-French partnership" and said the new facility would reinforce "a single integrated aerospace ecosystem" by assembling both civil and defence variants.
Noting that India has risen from the 10th to the third largest civil aviation market in just 11 years, Naidu asserted that the country now has "the market, the export potential, the policy ecosystem, the skilled workforce and the strategic global partnerships to emerge as a rotary-wing manufacturing hub".
"The future of rotary aviation in South Asia will be designed, manufactured, certified, maintained and exported from India," he said, adding that the country is "not just flying high, but flying past all horizons" under the Make in India and Viksit Bharat 2047 visions.
Tata Advanced Systems CEO and MD Sukaran Singh said in this facility here, "we will start building helicopters without any government or defense orders."
"However, we will be ready to supply the defense forces as and when they want. The first helicopter will fly out this facility by mid 2027."
