Odysse Electric Vehicles launches VADER, India’s first electric Motorcycle powered by 7” Android Display

Ø Comes equipped with 3000-watt electric motor and top speed of 85 KMPH

Ø First Electric Motorcycle with a 7-inch android display and Google Map navigation

Ø Offers a whopping 18 litres of storage space and maximum colour options in Electric bike segment

Ø Prices start from Rs. 1,09,999* (ex-showroom Ahmedabad)

Mumbai; March 31, 2023:- Odysse Electric Vehicles, India’s fastest-growing premium electric vehicle manufacturer, today announced the launch of its new electric motorbike VADER. Odysse VADER is India’s first motorbike to be powered by 7-inch android display and can be controlled by an App and Bluetooth connectivity.  VADER motorcycle comes with a range of 125 km on Eco mode and is powered by the Odysse EV App which is available on Android. Odysse VADER, completely made in India, has been launched at an introductory price of INR 1,09,999* (ex-showroom Ahmedabad).  

Odysse VADER is powered by the newly introduced Odysse EV App. This app comes with connectivity features such as Bike Locator, Geo fence, Immobilization, Anti-theft, track & trace, Low battery Alert among many other utilities that are essential for ease in navigation for two-wheeler users. The electric motorbike comes with several exciting new features, new engine technologies and is available in exciting five new colours such as Midnight Blue, Fiery Red, Glossy Black, Venom Green and Misty Grey.

Odysse VADER is powered by a 3000 Watts electric motor that has a top speed of 85 kmph. With a kerb weight of 128 kgs, the electric bike features combi braking system (CBS),240mm disc brake at the front and 220mm disc brake on the rear side. For ease of charging, the company has included IP67 AIS 156 approved Lithium-ion battery that can be fully charged in 4 hours. The AIS-156 approved battery pack ensures incomparable fast charging and makes it highly reliable for daily commuting.  

Odysse VADER electric motorbike features a 7-inch Android display, Google Maps navigation, a whopping 18 litres of storage space, OTA update, Bluetooth connectivity and multiple color options - making it one of the most comprehensive e-bike package available today. With advanced technology such as LED lighting, regenerative braking and an easy-to-use battery management system, VADER offers exceptional safety measures along with the latest features at affordable price. These unique specifications make VADER stand out from other EVs in the market and demonstrate why it will be so impactful in changing perceptions about green transportation in the future.

Speaking on the occasion, Mr. Nemin Vora, CEO, Odysse Electric Vehicles Pvt. Ltd., “I am thrilled to introduce VADER, a technologically advanced and innovative motorbike. Our goal is to provide sustainable and affordable mobility that can be accessible to

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everyone. The first step towards achieving this goal is creating an affordable product that everybody can operate. We believe that VADER will help make transportation more efficient for all riders by introducing cutting-edge technology into the market at an unbeatable price. Odysse’s new VADER offers seamless connectivity and powerful running capabilities giving riders complete control over their journey making it convenient yet fulfilling mode of transport.”

“We have an exciting new product line-up planned for 2023, along with the FAME-II approved High-Speed motorbike VADER. We plan to launch an electric scooter in the third quarter of 2023. We also intend to increase our dealership network to over 150 by the end of the year, and we anticipate that this initiative will increase our sales by at least 300%”, Mr. Vora added.

The electric bike is offering a 3 years warranty on battery, and 3 years warranty on Powertrain. Odysse VADER will be available for booking Online and across the company’s dealership network of 68 outlets at a booking amount of INR 999. The deliveries of Odysse VADER will commence from July this year.

The Model – Feature details are as follows.

Powertrain

Battery

Battery Safety Features

Motor Nominal Power  

3.00 KW

Cells

NMC prismatic

· Smart BMS with CAN communication

· Auto Cut-off and User-Alert in case of over-heating

· 4 Temperature Sensor

· Cell temperature Check

· Thermal Pads

· Pressure release Valve

· Terminal break fuse

Peak Power  

4.50 KW

Battery Capacity

3.7 KWH

Max Torque  

170 N/m

Battery Rating  

IP 67

Top Speed  

85KMPH

Approvals

AIS 156 Approved

Drive Mode  

3 Forward,

Reverse & Parking mode

IOT Connected

Controller

Smart controller with CAN communication

· Live Tracking

· Immobilization

· Geo-fencing

· Money and Co2 Savings

· Low battery alert

About Odysse Electric Vehicles Pvt. Ltd:

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Mumbai based Electric Vehicle start-up, Odysse, is a part of Vora group of companies. An all-electric mobility platform that collaborates with the world's leading E.V. component manufacturers and mobility technology specialists to usher in a new era of intelligent urban electric mobility for customers. The company’s electric scooters and bikes are available for all riders, from the young to the old, from fashionable buyers and comfort seekers to busy business riders. Every product is subjected to rigorous durability and dependability tests. Odysse provides every customer with a comprehensive package of quality, comfort, and style at an affordable price. Presently, the brand product portfolio includes: -

 

· Electric motorcycle VADER (with 7” Android display, IOT, four drive modes, 18-liters storage space, Google Map Navigation)

· Electric bike EVOQIS (with four drive modes, keyless entry, anti-theft lock and motor cut-off switch)

· Electric scooter HAWK (India’s first electric scooter with cruise control & Music system)

· E2Go & E2go+ (electric scooter with portable battery, USB charging, digital speedometer and keyless entry)

· Electric scooter V2 and V2+ (waterproof motor, huge boot space, dual battery and led lights)

· Electric scooter TROT for last-mile delivery (Loading capacity of 250 kgs and IoT)

Dream Girl director Raaj Shaandilyaa Annouces His Upcoming Fam - Com Luv Ki Arrange Marriage

Raaj Shaandilyaa and  Vinod Bhanushali produced and  directed by Ishrat Khan, the film begins its shoot today in Madhya Pradesh.

The duo Raaj Shaandilyaa – Vinod Bhanushali along with producer Vimal Lahoti and  ThinkInk Picturez Ltd recently announced the production of light-hearted family entertainers for their FAM-COM universe. Today the cast, crew and makers took to social media to announce their next – Luv Ki Arrange Marriage – which stars the talented Sunny Singh and charming Avneet Kaur.  

The second of their fam-com universe after Janhit Mein Jaari,Luv Ki Arrange Marriage is helmed by Ishrat Khan and written by Raaj Shaandilyaa. 

Sunny Singh and Avneet Kaur, who will collaborate for the first time, are joined by the ‘masters of comedy’ Annu Kapoor, Supriya Pathak, Rajpal Yadav, Sudhir Pandey and Paritosh Tripathi in pivotal roles.

Speaking about his next comedy, Sunny Singh, says, “Raaj Shaandilyaa has a very different comedy style as compared to the ones I have done before and that’s what attracted me to do the film. This one is a hilarious chaotic household comedy entertainer. Excited to begin this one.”

Getting ready for her first family comedy, Avneet Kaur, adds, “Family comedy is a genre I have thoroughly enjoyed and getting a chance to be a part of a film that will be enjoyed by everyone is exciting. Working with Supriya Ma’am, Annu Sir and Rajpal Sir will be a great learning experience for me and can't wait to make you all laugh.”

Talking about the film, says producer Vinod Bhanushali, “Luv Ki Arrange Marriage is an out-and-out comedy entertainer that will make you laugh, cry get emotional together as you sit and enjoy with your family. While Sunny Singh has proved his mettle in comedy with his previous films, this will be Avneet’s time to shine in a Raaj Shaandilyaa's script. Also when you have the OGs Supriyaji, Annu ji and Rajpal coming together it will be a roller coaster.”

Adds Raaj Shaandilyaa, “Apart from an interesting storyline, ‘Luv Ki Arrange Marriage’ has a solid cast of immensely talented actors. The film has something for everyone and we can’t wait to get this show on the road.”

Considering how family comedies have been missing from big screens for a while, this partnership is an exciting proposition that promises to deliver wholesome family entertainment. 'Luv Ki Arrange Marriage' starts shoot today in Orchha and Gwalior.

 ThinkInk Picturez Limited production and  A Bhanushali Studios Limited  'Luv Ki Arrange Marriage', is produced by Vinod Bhanushali, Kamlesh Bhanushali, Raaj Shaandilyaa and Vimal Lahoti. Raaj Shaandilyaa and Producer Vimal Lahoti are once again all set to tickle the bones of the audiences.

Prajakta Paudwal Padgaonkar crowned Mrs India Iconic Diva 2023 by KJM Dreamz Entertainment

Contestants from Mumbai, Thane, Navi Mumbai, and other cities of India participated in this pageant.

Thane city resident Prajakta Paudwal Padgaonkar won the title of Mrs. India Iconic Diva 2023 at the recently held KJM Dreamz Entertainment’s Miss and Mrs. India Iconic Diva 2023. Prajakta adorned a dazzling silver evening gown as she was crowned by the founding partners of KJM Dreamz Entertainment, Kavita Kishore and Reyansh Sharma. Prajakta surpassed 19 other contestants to emerge as the winner of the pageant, which came to a star studded close in Navi Mumbai this past weekend with TV celebrities including Sreejita De, Saumya Saraswat and more in attendance.

Reading is a life skill”, says India’s favourite biographer Reeta Ramamurthy Gupta

Authors Bhawana Somaaya and Reeta Ramamurthy Gupta read at RSET

The Rajasthani Sammelan Education Trust (RSET) celebrated 'Women in Literature' with Padma Shri Bhawana Somaaya and India’s favourite biographer Reeta Ramamurthy Gupta.


Two women authors connected by a common thread- the Prime Minister of India. Bhawana Somaaya’s English translation of Modi’s Gujarati book ‘Aankh Aa Dhanya Chhe’ titled ‘Letters to Self’ released in 2022. Reeta Ramamurthy Gupta’s book ‘Sanjeev Kumar-The Actor We All Loved’, also released in 2022, has a cover blurb by the PM as follows- “he was a natural, one of the most powerful actors.”


The Rajasthani Sammelan Education Trust (RSET)’s Ramniwas Bajaj High School  brought the two women authors together under the umbrella theme 'women in literature.’ Moderated deftly by Principal Florina Fernandes, the session focused on how women have added a unique flavor to literature.  


Discussing the feminine voice, Gupta pointed out that in the history of literature, despite the fact that Jane Austen wrote as a woman, fifty years after her, Mary Ann Evans wrote as George Eliot. The journey over time for women authors has been fraught with challenges.


Bhawana Somaaya, who has beautifully captured the rawness of Narendra Modi’s writings and the intensity of his emotions in her book, encouraged the young to read. She said, “the young generation has to find their own inspirations. Whatever they choose- be it fiction, or thriller, I will be happy as soon as they are reading. When I used to teach journalism, I used to tell all the students that you must read at least 100 pages everyday and you must write at least 1000 words everyday and you must learn 5 words from the dictionary every day and then try to use them even if your friends say you are a boaster.”


The hour-long discussion in a packed hall drew over a hundred students.  Gupta summed up, “remember that reading is not an academic skill, it's a life skill!”


Fun fact; not a single child yawned despite it being an afternoon session!

About - https://reetaramamurthygupta.in

The Altitude': Maharashtra’s First Manhattan-Styled Skyloft Residences Project

A 41-storey modern marvel, all set to transform the cityscape and leave you awestruck

Mumbai, India: The wait is over! We are proud to announce the launch of 'The Altitude,' a gamechanging high-rise residential development that disrupts traditional design and raises the bar for luxury living in Mumbai. Developed by the prominent VDV Developers, through the eyes of Mr. Bhalchandra Walanju, a seasoned architect and designer, who brings a deep experience of over four decades in the field.

This one-of-a-kind Manhattan-styled apartment project redefines luxury living with its rare offerings and upscale amenities. Residents can indulge in a hanging infinity pool, a state-of-the-art fitness center, and breathtaking views of the Mumbai skyline. With 41 storeys of pure luxury and an exceptional floor-to-ceiling height of 14 ft, 'The Altitude' stands tall in the heart of Tardeo and offers the ultimate in opulent living experience. Such residences are a rarity in Mumbai, making 'The Altitude' a truly unique and exclusive project.

According to Mr. Bhalchandra Walanju, "The Altitude is a unique concept in the Mumbai residential real estate market, combining luxury, convenience, and location. Our aim is to provide a world-class living experience to our residents, with an emphasis on quality construction, disruptive architectural design, and attention to detail."

Mr. Aditya Jhaveri, Founder, and CEO of Blox, added, "We are thrilled to partner with Mr. Bhalchandra Walanju on this visionary project. Blox is committed to providing our customers with an unparalleled online home-buying experience, and The Altitude is the perfect embodiment of that commitment. The digital experiential center at The Altitude, in partnership with VDV Developers, will showcase the project's luxurious amenities, disruptive design, and prime location, making it seamless for prospective buyers to discover their dream property." 

The Altitude is more than just a residential development, it is a pioneering disruptor in the real estate industry. It is set to become the jewel in the crown of Tardeo, offering residents a sophisticated and cosmopolitan lifestyle in the heart of Mumbai's bustling metropolis. This remarkable endeavor is positioned to establish a fresh standard for upscale residential development in Mumbai, featuring a revolutionary approach to design that has yet to be witnessed.

About Blox:

Blox is India’s one of its kind online home buying platform which helps customers buy their dream home in just 7 clicks. It has built on its reputable stature and has gained the qattention of several leading investors. Through its fully integrated online-to-offline system, Blox is revolutionizing the way Indians 

buy real estate. Blox allows clients to compare properties fairly, do site visits, manage documentation 

and project financing requirements and helps with a dedicated relationship manager who handholds 

every customer throughout their home buying journey

EESL kickstarts its energy efficiency measures in the Union Territory of Ladakh

• As a first step, the company will distribute 40,000 LED bulbs to consumers

• The efforts are a step ahead towards enabling a carbon neutral future for Ladakh

Leh, March 28, 2023: Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under the administration of Ministry of Power, is all set to take a step ahead in the vision of enabling a carbon neutral future for Ladakh. In the august presence of Hon'ble Lt Governor of Ladakh, Brigadier (Dr.) B D Mishra, and Hon'ble Member of Parliament, UT of Ladakh, Shri Jamyang Tsering Namgyal, & Hon’ble CEC-LAHDC, Leh, Adv. Tashi Gyalson, the company kickstarted its efforts to launch energy efficiency measures in the Union Territory of Ladakh on Tuesday. 

Also present during the occasion were senior dignitaries from EESL including Mr Vishal Kapoor, Chief Executive Officer, Mr. Animesh Mishra, Chief General Manager, Head, Sales & PR, Mr. Nitin Bhatt, Senior Manager- PR & Sales, and Mr Girja Shankar, General Manager (Tech) and Head, corporate Driven Programmes. 

In collaboration with Power Development Department, District Leh-Ladakh, EESL will replace 40,000 60W incandescent bulbs with 10W LED for the citizens in the district. These bulbs can help in saving approximately 8.76 million units of electricity annually, and help reducing CO2 emission amounting to 7446 tonne each year. Additionally, they can help with monetary savings of approximately ₹ 3 crores annually.  

Hon'ble Lt Governor of Ladakh, Brigadier (Dr.) B D Mishra said, “For Ladakh, achieving carbon neutrality is a development vision which requires a collaborative effort of every individual residing here. Implementing energy efficiency measures in this unique land will go a long way in preserving the ecology of this unique land, which is home to thousands of tourists and citizens alike. After the success of UJALA and Streetlighting National Programme, we trust that EESL will do a great job in increasing the energy efficiency portfolio of Ladakh and making our citizens more climate conscious.”

Hon'ble Member of Parliament, Ladakh, Shri Jamyang Tsering Namgyal said, “Carbon neutral Ladakh mission has been envisioned as a Citizen Movement, where the focus is to impart energy literacy to the masses. Such initiatives can help people understand the importance of adopting energy efficiency and energy conservation measures which can help them save significantly on their monthly electricity bills, and participate actively in reducing their individual carbon footprint.”

Mr Vishal Kapoor, Chief Executive Officer, EESL, said, “Climate Changes poses irreversible risks to our environment and ecology. The time to transition towards energy efficient, renewable and clean sources of energy is Now! At EESL, we are committed to ensure widespread access to our affordable, sustainable and energy efficiency solutions. Our LED bulbs, LED streetlights and energy efficient technologies in building have helped in saving 57 billion units of energy annually and reduced peak energy demand by 11,200 MW. This showcases EESL's commitment to support India's Nationally determined contributions (NDCs) targets as well. We are grateful for this opportunity to take a step ahead in the vision of achieving Carbon Neutrality for Ladakh”. 

About Energy Efficiency Services Limited (EESL)

A joint venture of NTPC Limited, Power Finance Corporation, Rural Electrification Corporation and POWERGRID, Energy Efficiency Services Limited (EESL) was set up under the Ministry of Power to facilitate implementation of energy efficiency projects. EESL is a Super Energy Service Company (ESCO) that seeks to unlock energy efficiency market in India, estimated at Rs. 74,000 crore that can potentially result in energy savings of up to 20 per cent of current consumption, by way of innovative business and implementation models. It also acts as the resource centre for capacity building of State DISCOMs, ERCs, SDAs, upcoming ESCOs, financial institutions, etc.

सोटॅक फार्मास्‍युटिकल्‍स लि. २८ मार्च रोजी त्‍यांचे आयपीओ आणणार

 

एनएसई इमर्ज प्‍लॅटफार्मवर सूचीबद्ध होणार

अहमदाबाद स्थित सोटॅक फार्मास्‍युटिकल्‍स लि. कर्ज परवाना किंवा कंत्राट उत्‍पादनाच्‍या आधारावर उच्च दर्जाच्‍या फार्मास्युटिकल उत्पादनांच्या निर्मितीमध्ये विशेषीकृत आहे. कंपनीने ३०,००,००० शेअर्ससाठी आपला आयपीओ जाहीर केला आहे, जेथे प्रति इक्विटी शेअरची किंमत १०५ ते १११ रुपये असेल आणि प्रत्येक इक्विटी शेअरचे दर्शनी मूल्य १० रुपये असेल. शेअर्स १२०० शेअर्सच्या लॉट आकारामध्‍ये विकले जातील. ३०,००,००० शेअर्सपैकी १४,२३,२०० शेअर्स क्‍यूआयबी कोट्यासाठी (अँकर रिझर्व्‍हेशनसह) आरक्षित असतील, ४,२८,४०० शेअर्स एचएनआय कोट्यासाठी आरक्षित असतील, ९,९८,४०० शेअर्स रिटेल कोट्यासाठी आरक्षित असतील आणि १,५०,००० शेअर्स मार्केट मेकर कोट्यांतर्गत आरक्षित असतील. इश्‍यू २८ मार्च रोजी अँकरसाठी आणि २९ मार्च रोजी लोकांसाठी खुला होईल. ३ एप्रिल २०२३ रोजी इश्यू बंद होईल. त्‍यानंतर ते एनएसई इमर्ज प्लॅटफॉर्मवर सूचीबद्ध केले जाईल. बीलाइन कॅपिटल अॅडव्हायझर्स प्रा. लि. इश्यूची लीड मॅनेजर आहे आणि केफिन टेक्‍नॉलॉजीज लि. इश्‍यूची रजिस्‍ट्रार आहे. 

इश्‍यूमधून प्राप्‍त उत्‍पन्‍न पुढील बाबींसाठी वापरण्‍यात येईल: 

● खेळत्‍या भांडवल गरजांची पूर्तता करण्‍यासाठी 

● उपकंपनीमध्‍ये गुंतवणूक 

● सध्‍याच्‍या आवारामधील विद्यमान/नवीन इमारतीचे अपग्रेडेशन/बांधकाम 

● सामान्‍य कॉर्पोरेट उद्देश 

● इश्‍यू खर्च 

सोटॅक फार्मास्‍युटिकल्‍सचा वैविध्‍यपूर्ण उत्‍पादन पोर्टफोलिओ आहे, ज्यामध्ये फार्मास्युटिकल्स, न्यूट्रास्युटिकल्स आणि खाद्य उत्पादनांचा समावेश आहे. त्यांची अत्याधुनिक उत्पादन सुविधा त्यांना टॅब्‍लेट्स (औषधांच्‍या गोळ्या), कॅप्सूल्‍स, ओरल लिक्विड्स, ड्राय सिरप आणि मलम, लोशन व क्रीम यांसारख्या बाह्य तयारीसह उच्च दर्जाची उत्पादने तयार करण्यास सक्षम करते. उत्पादन युनिट १ अहमदाबाद जिल्ह्यातील सानंद जीआयडीसी-Il येथे आहे. या केंद्रामध्‍ये सर्वसमावेशक उत्पादन युनिट, गुणवत्ता नियंत्रण विभाग, मायक्रोबायोलॉजिकल प्रयोगशाळा आणि कच्चा माल व तयार उत्पादनांची साठवण आहे, ज्याला जागतिक आरोग्य संघटनेच्या गुड मॅन्युफॅक्चरिंग प्रॅक्टिसेस (डब्‍ल्‍यूएचओ जीएमपी) मानकांनी मान्यता दिली आहे. बीटा लॅक्टम उत्पादनांसाठी उत्पादन युनिट २ हे देखील अहमदाबाद जिल्ह्यातील सानंद जीआयडीसी-Il येथे आहे. हे जागतिक आरोग्य संघटनेच्या गुड मॅन्युफॅक्चरिंग प्रॅक्टिसेस (डब्‍ल्‍यूएचओ जीएमपी) मानकांद्वारे मंजूर केले गेले आहे. मॅन्युफॅक्चरिंग प्लांट उच्च सुरक्षा आणि पर्यावरणीय मानकांवर कार्य करतो, दूषित होण्याची शक्यता कमी करण्यासाठी आवश्यक विलगीकरण आणि प्रक्रिया व विभागांचे वेगळेपणा सुनिश्चित करतो. त्यांच्या प्रभावी ग्राहकांच्या यादीमध्ये कॅडिला फार्मास्युटिकल्स, इंटास, रोनक हेल्थ केअर, सनरेस्ट लाइफसायन्सेस, लिंकन फार्मास्युटिकल्स, ट्रीटवेल फार्मा अशा बऱ्याच कंपन्‍यांचा समावेश आहे. कंपनीची उत्‍पादने संपूर्ण भारतात व जगभरात उपस्थित आहेत.

कंपनीने नुकतेच क्षमता विस्‍तारीकरण पूर्ण केले आहे आणि त्‍यांची उपकंपनी सोटॅक लाइफसायन्‍सेस प्रायव्‍हेट लिमिटेडमध्‍ये आगामी सुविधा आहे, जी विकासासाठी लक्षणीय संधी देते. विद्यमान न वापरलेल्‍या क्षमतांचा वापर केल्‍याने परतावा गुणोत्तर वाढवण्‍याची अपेक्षा आहे. संपूर्ण मालकीची उपकंपनी सोटॅक रिसर्च प्रायव्हेट लिमिटेडमध्‍ये कंपनीच्‍या उत्तमरित्‍या सुसज्‍ज संशोधन व विकास क्षमता आहेत. कंपनीच्या प्रगतीला तिच्या विविध पार्श्वभूमीच्या अनुभवी प्रवर्तकांचा पाठिंबा आहे आणि विविध उद्योगांमध्ये ५९ वर्षांचा एकत्रित अनुभव आहे. त्यांचे नेतृत्व, मार्गदर्शन व धोरणात्मक पर्यवेक्षण कंपनीच्या यशात आणि वाढीसाठी महत्त्वपूर्ण भूमिका बजावतात.  

सोटॅक फार्मास्‍युटिकल्‍सने गेल्‍या काही वर्षांमध्‍ये प्रभावी आर्थिक वाढीची नोंद केली आहे. आर्थिक वर्ष २०२३ च्‍या पहिल्‍या सहामाहीसाठी कंपनीचा कार्यसंचालनांमधून एकत्रित महसूल ३९.७५ कोटी रूपये, तर आर्थिक वर्ष २०२२ साठी ७३.१५ कोटी रूपये आणि आर्थिक वर्ष २०२१ साठी ४८.८४ कोटी रूपये होता. आर्थिक वर्ष २०२३ च्‍या पहिल्‍या सहामाहीसाठी कंपनीचा एकत्रित ईबीआयटीडीए ३.६८ कोटी रूपये होता, तर आर्थिक वर्ष २०२२ साठी ६.१४ कोटी रूपये आणि आर्थिक वर्ष २०२१ साठी १.४६ कोटी रूपये होता. कंपनीने आर्थिक वर्ष २०२३ च्‍या पहिल्‍या सहामाहीसाठी एकत्रित पीएटी (करोत्तर नफा) ०.४७ कोटी रूपये नोंदवला, जो आर्थिक वर्ष २०२२ साठी २.८८ कोटी रूपये होता.    

कंपनीचे प्रवर्तक श्री. शरदकुमार दशरथभाई पटेल, श्री. दिनेशकुमार बाबुलाल गेलोट, श्री. विशालकुमार देवराजभाई पटेल, श्री. चेतनकुमार बच्चूभाई पटेल आणि श्रीमती किरण बलदेवभाई जोटानिया आहेत.

International Conference on G20 Trade Finance Cooperation during the 1st Trade and Investment Working Group (TIWG) Meeting, scheduled in Mumbai on March 28th, 2023

 

Ministry of Commerce & Industry

Posted On: 27 MAR 2023 2:47PM by PIB Mumbai

Mumbai: 27th March, 2023

 

The 1st Trade and Investment Working Group (TIWG) meeting under India’s G20 Presidency is scheduled in Mumbai, from March 28 − 30, 2023. During the three-day meeting, over 100 delegates from G20 member countries, invitee countries, regional groupings and international organizations will engage in deliberations to accelerate global trade and investments

On the first day, on March 28, an International Conference on ‘Trade Finance’ will be held. This International Conference is being organized by Export Credit Guarantee Corporation of India (ECGC) and India EXIM Bank.

Trade finance supports economic growth, and it is integral for maintaining international trade flows, for mitigating risks emerging from tight liquidity. Around 80% of all international trade uses some type of trade finance instrument, such as letter of credit, supply chain financing, invoice discounting and receivables financing. Global trade finance involves a number of parties, including banks, trade finance companies, export credit agencies, insurers, importers and exporters. Trade finance is the lifeblood of cross-border trade. It is estimated that in 2020, $9 trillion of trade finance transactions were supported by major global banks. Yet, trade finance gap is widening. As estimated by the Asian Development Bank (ADB), the gap which was $1.5 trillion in 2018 has now increased to $ 2 trillion. It is thus imperative to deliberate on action-oriented solutions that can reduce finance gap and make it accessible harnessing the potential of digital tools and technology. Micro, Small and Medium Enterprises (MSMEs) which sustain livelihoods and contribute to global economic growth in both the developing and developed countries, are disproportionately affected by the yawning trade finance gap.

In this backdrop, this International Conference will hold two sessions. The first session will highlight the role of banks, financial institutions, development finance institutions and export credit agencies in closing the trade finance gap, and the second session will delve into how digitalization and fintech solutions can improve access to trade finance.

Session 1: The role of banks, financial institutions, development finance institutions and export credit agencies in closing the trade finance gap

Moderator: Ms. Latha Venkatesh, Executive Editor, CNBC TV 18 

Panel members: Mr. Steven Beck, Head of Trade Finance, ADB; Prof. Andreas Klasen, Professor of International Business and Director, IFTI, Offenburg University, Germany; Mr. Gaurav Bhatnagar, Managing Director, Standard Chartered Bank

The first session will take a macro view of the current trends in international trade and trade finance, and their future prospects. Some key pointers of the discussion are listed below:

1. Current trends in international trade and trade finance amidst the pandemic and growing import bills in developing countries.

2. Cause of trade finance gaps, including reduced credit line support in the private sector and inflation cuts into bank lending limits.

3. The role of export credit agencies in bolstering trade finance

Session 2: Accelerating digitalisation and fintech solutions can improve access to trade finance

Moderator: Ms. Tamanna Inamdar, TIMES Group

Panel members: Mr. John Drummond, Head of the Trade in Services Division of OECD; Mr. Fareed Alasaly, Deputy Governor of International Organizations and Agreements, Saudi Arabia; Mr. Ketan Gaikwad, MD & CEO, Receivables Exchange of India Limited

During this session, trends in digitalisation of trade finance will be discussed in detail, and how these can accelerate innovation and efficiency to make trade finance accessible for firms, especially MSMEs. The discussion will also look at current and emerging fintech solutions that can assist in making customized lending decisions as well as enhance trade finance supply for MSMEs. Some of the specific discussions would include:

1. Need for digitalising trade finance by working with multiple stakeholders to innovate advanced technologies for revamping the trade ecosystem in entirety

2. Scope of digitalisation of MSMEs to reduce the implementation time and cost, and promote innovation in the supply of finance for low-value or single transactions since major bottlenecks arise due to high-cost services and the cost of cyber security risk mitigation strategies.

3. Emerging solutions in financial technologies, such as network data, real-time payment behaviours, SaaS based technologies and optical character recognition.

MM/JPS/SC/PM

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T Ten Global Sports Announces the Indian Masters T10.

The Inaugural Season will see a fusion of India’s two biggest entertainment industries Cricket & Bollywood.  The legendary Retired stars of International Cricket Battle it out against each other in India and some franchisees are to be co-owned by A listed celebrities  

Mumbai, India, March 27, 2023 

The most iconic legends of international cricket players will be part of the revolutionary new tournament, The Indian Masters T10.  

The thrilling ten-over format matches will take place from the 14th of June 2023 to 28th of June 2023, will consist of 19 matches spread across 12 game days. The tournament will have six franchisees with each team Co-owned by an A-list Bollywood celebrity along with a large corporate house.  

The ingenuity of the league that sees stars of the entertainment and sports industry come together, has added to the glitz and glamour of the innovative league. The league will be packaged as the most entertaining sports league out there as it captures the imagination of cricket fans across the globe. The league’s vision of bringing in stars of the entertainment industry will surely boost the popularity of the competition amongst the most ardent of cricket fans and allow for unique fan engagement opportunities for each of the six franchises set to be part of the inaugural edition of the tournament as they shine the spotlight on most thrilling and fast-paced format of cricket.  

After six momentous editions of the Abu Dhabi T10, T Ten Global Sports are thrilled to announce the Inaugural edition of the, The Indian Masters T10. The very best retired icons of global cricket are on their way to India to take part in a highly entertaining tournament that will see nostalgia reach new heights. A total of 90 former legends of international cricket will battle it out in 10-overs-a-side matches that will last only 90 minutes, as they showcase their exhilarating skill in some fast-paced thrilling action filled with a lot of sixes and wickets. Six franchises comprising retired cricketers with a squad of 15 players minimum will clash against each other in India.

Former Indian cricket stars like Suresh Raina, Robin Uthappa, Murali Vijay, Harbhajan Singh, Yusuf Pathan, Irfan Pathan, Pragyan Ojha, Mohammed Kaif and many others top international names like Kieron Pollard, Dwayne Bravo, Jacque Kallis, Eoin Morgan, Chris Gayle, Brett Lee are expected to take part in the 1st ever edition of the Indian Masters T10 set to be held in India, with a plethora of retired Indian and International cricketers set to be part of the competition.  

Nostalgia is set to take over fans as they get to witness their favourite former cricketers compete with and against each other in cricket's fastest format that is growing exponentially in popularity with each passing edition of the Abu Dhabi T10. 

During the announcement press-conference in Mumbai, India at St. Regis Hotel in Lower Parel, Shaji-Ul- Mulk, Chairman, T10 Sports Management, said, “We are thrilled to bring to India the T10 brand of cricket engaging the legendary masters of the game. The fast pace nature of the 10 overs per innings format coupled with the skill of the masters and cheered by the celebrities is bound to improve fan engagement and provide non-stop entertainment.” 

The new logo of the Indian Masters T10, set to be played from 14th June 2023 to 28th June 2023 was also revealed at the reception in the evening. 

Speaking on the momentous occasion Mohammed Kaif and Robin Uthappa, who were present at the press conference in St.  Regis spoke about the Indian Masters T10 with immense delight. 

Mohammed Kaif, said, “I have commentated on the Abu Dhabi T10, and always wanted to play in it because it’s such an exciting format, finally I have got the chance and I cannot wait to step out on the pitch for it.  Since it’s such a fast-paced format it becomes a game of skill and power, not fitness which is especially suited to former cricketers like us. The approach of each player is also to go all-guns blazing from the first ball itself, so expect a lot of sixes, wickets and stunning catches throughout the tournament, which will get fans off their seats.” 

“I think when legends of the game come together and play it brings back a lot of memories and makes you nostalgic, which I really enjoy and it's always nice for me. To be able to be a part of this Indian Masters T10 League, I think is actually a pleasure and the fact, that I get to play with a lot of my Teammates through my career to actually interact with them again and go back into that mindset of competing together would be absolutely the best. I am very excited as well for the Indian Masters T10, I honestly cannot wait.”, said Robin Uthappa while adding to Kaif’s sentiment. 

Mr. Rajeev Khanna, Chief Operating Officer, of T10 Sports Management, added to the same as he said, “This is the fastest format of cricket. The games are only 90 minutes long. There is no other game in The Olympics except golf, which lasts more than 90 minutes. So that's the reason this detailed format is the best for the Olympics of the future. It also is also helping associate nations build their grass-roots in terms of cricket specially since it’s packaged in such an entertaining and quick format, it is helping them understand the rules of the game better, which will eventually result in Cricket becoming a truly global sport.” 

The star-studded glamorous event was attended by the top senior management of most of the IPL Teams and top corporate houses, media moguls, media agencies and many VVIP guests showing interest in the property.  

Vaani Kapoor, Yohani, Elli Avram and Anamta provided the entertainment the night at reception after the Indian Masters T10 tournament was officially announced at St. Regis in Mumbai on the 27th of March 2023. 

About Abu Dhabi T10  

Abu Dhabi T10 is the world’s only ten-over cricket tournament officially sanctioned by the International Cricket Council (ICC) and licensed by the Emirates Cricket Board (ECB). It is the first ever internationally approved ten-over format competition. The second edition of Abu Dhabi T10 will be held from 28th January - 6th February 2021. Abu Dhabi T10 is a UAE product that has grown into a globally accepted cricket format. Matches have a 10-over-a-side format and duration of 45 minutes a side totalling 90 minutes of play.  

  

The tournament is played over ten days, with a round robin followed by semi-finals and the final. The Abu Dhabi T10 tournament is a short, high energy format loved by global audiences and international cricket stars alike.

Dr. Kant Shah’s Borivali Healthcare brings affordable world-class healthcare services to suburbs

Mumbai, March 2023

The healthcare industry in Mumbai has received a significant boost with the opening of a new hospital in Borivali. The hospital, named Borivali Healthcare, has been developed with the aim of providing world-class healthcare services to patients in the suburbs. The hospital is equipped with state-of-the-art medical equipment and has a team of highly skilled doctors, nurses, and other medical staff. BHC offers a wide range of medical services, including General medicine and Critical care (ICU), 3D Laparoscopy surgery, Urology, Women's and Children's specialist services, Cosmetic Surgery, ENT, Cancer care, Day care surgery and much more.

"We are delighted to launch Borivali Healthcare in Borivali, Mumbai," said Dr. Kant Shah, CEO of Borivali Healthcare. "Our aim is to provide the highest quality healthcare services to patients in the region. We have invested heavily in state-of-the-art medical equipment and have assembled a team of highly skilled doctors and medical staff to ensure that patients receive the best possible care."

BHC has been designed to provide a comfortable and welcoming environment for patients and their families. The hospital's facilities include a spacious reception area, comfortable waiting areas, and private rooms for patients. BHC is committed to providing affordable healthcare services to patients in the region. 

"We are committed to making healthcare accessible to everyone," said Dr. Kant Shah  "We believe that everyone deserves access to high-quality healthcare services, regardless of their financial situation. We are proud to be able to offer affordable healthcare services to patients in Mumbai and surrounding areas."

Metropolis’ MedEngage Scholarship Program recognizes 250 medical students with Scholarship grants.

~Total Scholarships worth up to 1.7 crore were given to students across the country~

~Nearly 50% of Scholarship beneficiaries were female doctors~

~2670 plus registrations received from 516 cities across 29 states in India~

India, Mumbai, 26th March 2023: Metropolis Foundation, the CSR arm of Metropolis Healthcare, organized the 5th edition of the MedEngage Scholarship Summit 2023 today. The MedEngage Scholarship Programme, a flagship CSR initiative of Metropolis, awarded scholarship grants totaling INR 1.7 crore to 250 medical students (final year MBBS and MD/DNB). This is in recognition of their achievements towards academic scores, extra-curricular activities, and research papers/thesis presentations.

Envisioned by Metropolis Chairman Dr. Sushil Shah, MedEngage is a holistic medical outreach programme that aims to nourish and nurture the young medical talent that essentially forms the future of healthcare acumen in India. The programme supports the deserving and meritorious students to contribute to healthcare research in the country by rewarding them with financial grants and by providing them with practical knowledge through Metropolis’ world-class laboratories and panel of experts on board.

This year’s edition of the MedEngage Scholarship programme received over 2670 applications from 516 cities across 29 states in India. The programme covered more than 500 medical colleges, including government and private ones in the country. The participants had to go through a stringent selection process based on their academic performance and several other evaluation parameters. Ernst & Young LLP was appointed as the process advisor for this scholarship programme. 

Commenting on the MedEngage Scholarship Programme, Dr. Duru Shah, Chairperson, Metropolis Foundation said: “We are extremely happy to receive the overwhelmingly positive responses from the young medical doctors for this scholarship programme year after year. We firmly believe that education is essential to the holistic development of the nation’s youth. Through the MedEngage program, Metropolis Foundation hopes to improve the academic landscape in the country and “Empower and Encourage” our students - Our Future Healthcare warriors to contribute to the healthcare ecosystem.”

Dr. Kirti Chadha, Chief Scientific Officer and Group Head – CSR, Metropolis Healthcare commented: “MedEngage, a medical college outreach program conceptualized by our honorable Chairman and executed by the CSR arm of Metropolis embodies the true values of Metropolis Foundation – to nurture, educate, empower, and encourage young medical students in their undergraduate and post graduate critical formative years. We conducted numerous surveys and interviews of potential beneficiaries before launching this program and weaved in all areas where tomorrow’s doctors need hand holding, guidance, orientation, financial and academic research support. We opened our doors and our resources to budding medical minds to enable them to succeed nationally and internationally. This timely support serves as a steppingstone for them in their difficult pursuit of excellence journey spanning science & innovation. Digitization of the module scope and beneficiary application has further helped us reach remote corners of the country impacting across tier city boundaries. As medical colleges and DNB hospitals in the country increase, we have also been increasing our budget and number of beneficiaries to ensure a sizeable percentage of eligible population gets impacted with program benefits.”

Under the gamut of MedEngage platform, students also avail for Observership Program, Academic Research Support, Laboratory Tour, and Internships etc. Recently, the MedEngage platform introduced a brand-new programme called ‘MedTalk’. A web series, MedTalk is an interactive session for senior and young doctors to co-create a futuristic healthcare vision. It gives a platform for aspiring doctors to learn directly from experts and expand their horizons. By enlisting a panel of medical and scientific experts, the long-term goal of MedEngage is to create a knowledge community and a strong platform to discuss and share industry’s best practices in India and beyond. 

The Summit celebrated scholarship recipients in six different categories, including Champion of Champions, Pedagogue, Scholar Collar, The Vibrant One, Wizkid, and Wordsmith. Medical Luminaries from different specialities graced the event as speakers and helped honour the GenNext, the nation’s up-and-coming medical talent. 

For more information on MedEngage, visit www.med-engage.com. 

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About Metropolis Foundation:

Metropolis Foundation (earlier known as Women Empowerment Foundation) is the Corporate Social Responsibility arm of Metropolis Healthcare, which is focused on positively impacting the lives of the people. In line with the UN Sustainable Development Goals, (i.e., SDG 3,4,5), Metropolis Foundation’s CSR initiatives are aimed towards imparting education, creating awareness on Gender, Equality, Health, and Women Empowerment. 

For the past 3 decades, Metropolis has been at the forefront in conducting impactful camps and driving numerous workshops for different sections of the society. The company has partnered with societies, corporate groups, educational institutions, government bodies, NGOs, wellness foundations and a host of other organizations to make a difference to the lives of people. Metropolis is currently driving three CSR programs i.e., MedEngage Scholarship Program, Too Shy to Ask (TSTA) and MedEngage DSEU. 

Metropolis’ MedEngage Scholarship Program recognizes 250 medical students with Scholarship grants.

~Total Scholarships worth up to 1.7 crore were given to students across the country~

~Nearly 50% of Scholarship beneficiaries were female doctors~

~2670 plus registrations received from 516 cities across 29 states in India~

India, Mumbai, 26th March 2023 : Metropolis Foundation, the CSR arm of Metropolis Healthcare, organized the 5th edition of the MedEngage Scholarship Summit 2023 today. The MedEngage Scholarship Programme, a flagship CSR initiative of Metropolis, awarded scholarship grants totaling INR 1.7 crore to 250 medical students (final year MBBS and MD/DNB). This is in recognition of their achievements towards academic scores, extra-curricular activities, and research papers/thesis presentations.

Envisioned by Metropolis Chairman Dr. Sushil Shah, MedEngage is a holistic medical outreach programme that aims to nourish and nurture the young medical talent that essentially forms the future of healthcare acumen in India. The programme supports the deserving and meritorious students to contribute to healthcare research in the country by rewarding them with financial grants and by providing them with practical knowledge through Metropolis’ world-class laboratories and panel of experts on board.

This year’s edition of the MedEngage Scholarship programme received over 2670 applications from 516 cities across 29 states in India. The programme covered more than 500 medical colleges, including government and private ones in the country. The participants had to go through a stringent selection process based on their academic performance and several other evaluation parameters. Ernst & Young LLP was appointed as the process advisor for this scholarship programme. 

Commenting on the MedEngage Scholarship Programme, Dr. Duru Shah, Chairperson, Metropolis Foundation said: “We are extremely happy to receive the overwhelmingly positive responses from the young medical doctors for this scholarship programme year after year. We firmly believe that education is essential to the holistic development of the nation’s youth. Through the MedEngage program, Metropolis Foundation hopes to improve the academic landscape in the country and “Empower and Encourage” our students - Our Future Healthcare warriors to contribute to the healthcare ecosystem.”

Dr. Kirti Chadha, Chief Scientific Officer and Group Head – CSR, Metropolis Healthcare commented: “MedEngage, a medical college outreach program conceptualized by our honorable Chairman and executed by the CSR arm of Metropolis embodies the true values of Metropolis Foundation – to nurture, educate, empower, and encourage young medical students in their undergraduate and post graduate critical formative years. We conducted numerous surveys and interviews of potential beneficiaries before launching this program and weaved in all areas where tomorrow’s doctors need hand holding, guidance, orientation, financial and academic research support. We opened our doors and our resources to budding medical minds to enable them to succeed nationally and internationally. This timely support serves as a steppingstone for them in their difficult pursuit of excellence journey spanning science & innovation. Digitization of the module scope and beneficiary application has further helped us reach remote corners of the country impacting across tier city boundaries. As medical colleges and DNB hospitals in the country increase, we have also been increasing our budget and number of beneficiaries to ensure a sizeable percentage of eligible population gets impacted with program benefits.”

Under the gamut of MedEngage platform, students also avail for Observership Program, Academic Research Support, Laboratory Tour, and Internships etc. Recently, the MedEngage platform introduced a brand-new programme called ‘MedTalk’. A web series, MedTalk is an interactive session for senior and young doctors to co-create a futuristic healthcare vision. It gives a platform for aspiring doctors to learn directly from experts and expand their horizons. By enlisting a panel of medical and scientific experts, the long-term goal of MedEngage is to create a knowledge community and a strong platform to discuss and share industry’s best practices in India and beyond. 

The Summit celebrated scholarship recipients in six different categories, including Champion of Champions, Pedagogue, Scholar Collar, The Vibrant One, Wizkid, and Wordsmith. Medical Luminaries from different specialities graced the event as speakers and helped honour the GenNext, the nation’s up-and-coming medical talent. 

For more information on MedEngage, visit www.med-engage.com. 

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About Metropolis Foundation:

Metropolis Foundation (earlier known as Women Empowerment Foundation) is the Corporate Social Responsibility arm of Metropolis Healthcare, which is focused on positively impacting the lives of the people. In line with the UN Sustainable Development Goals, (i.e., SDG 3,4,5), Metropolis Foundation’s CSR initiatives are aimed towards imparting education, creating awareness on Gender, Equality, Health, and Women Empowerment. 

For the past 3 decades, Metropolis has been at the forefront in conducting impactful camps and driving numerous workshops for different sections of the society. The company has partnered with societies, corporate groups, educational institutions, government bodies, NGOs, wellness foundations and a host of other organizations to make a difference to the lives of people. Metropolis is currently driving three CSR programs i.e., MedEngage Scholarship Program, Too Shy to Ask (TSTA) and MedEngage DSEU. 

Union Minister of State for Commerce and Industry, Anupriya Patel, urges exporters to focus on untapped potential in every district to diversify export basket, reiterates the slogan, ‘Vocal for local and local goes global’

 Union Minister of State for Commerce & Industry confers awards to top performers at the 6th and 7th Set of Export Excellence Awards organised by the Federation of Indian Export Organisations (WR)

Posted On: 25 MAR 2023 4:41PM by PIB Mumbai

Mumbai, 25 March 2023

 

The ‘Exports Excellence Awards’ were conferred by Union Minister of State for Commerce and Industry, Anupriya Patel, to encourage, motivate and recognize the best performing exporters from Western Region, here in Mumbai today. The Federation of Indian Export Organisations (FIEO) organized the 6th and 7th Set of Export Excellence Awards, for the members who have excelled in export performance of goods and services during the financial years 2018-19 and 2019-20 respectively.

Speaking on the occasion, the Union Minister of State for Commerce and Industry, Anupriya Patel, said, “The western region has contributed almost 50 % to India’s merchandise export. Looking at this contribution we have every reason to celebrate this achievement. I hope the award winners continue to serve as role models and inspire others.”

Referring to the role of exports during Amrit Kaal, she said, “The efforts we take today go a long way in fulfilling the Prime Minister’s vision for the nation. We are now in Amrit Kaal and the next 25 years are important for us to dream and make sure our dreams come true. The export community must contribute towards a developed India. Its contribution is huge for the brand image of the country. Ministry of Commerce and Industry is with you at all steps to assist and support you.”

Urging exporters to make the most of increasing bilateral engagements she said, “Today we are lauded as the fifth largest economy. In next 4-5 years we are poised to be 3rd largest. The Government is making sure that as we advance, we create more opportunities. Our bilateral engagement has been increasing in terms of the large number of FTAs we are negotiating with UAE, Australia and others. Make use of these opportunities to reach global markets.”

With regard to expanding the scope of exports the Minister stated, “The Prime Minister says that every district of India has immense potential, comparable to a single country in the world. Why not focus on that untapped potential for exports and the slogan ‘Vocal for local and local goes global.’ Exporters must focus on diversifying the export basket and reaching greater number of destinations. For this we are working on an initiative - District as Export Hub.”

Stressing on the importance of creativity and innovation she noted, “Creativity and innovation very important in exports. As exporters you know the significance of being more innovative in products. I urge you to invest more in research. Global markets today are evolving. We have to understand and adapt to changing needs of the time. “

Concluding her key note address, Union Minister of State for Commerce and Industry congratulated the top performers said, “I hope you will continue to contribute towards the bigger target that we have for 2030 of reaching one trillion dollar of merchandise and service exports each.”

During the ceremony, the Union Minister of State for Commerce & Industry conferred 67 awards to the exporters from the region which comprised of MSME, Non-MSME, and Services for their outstanding export performance. Banks/Financial Institutions were also awarded for outstanding export finance lending. There were multiple categories under which exporters were awarded, so as to ensure that all deserving exporters got sufficient encouragement and motivation. Exporters from all commodity groups are awarded during this award.

   

While welcoming Smt. Anupriya Patel, Hon’ble Minister of State, Commerce & Industry, Dr. A Saktivel, President, FIEO stated that her presence will not only encourage exporters, but will also inspire them to meet emerging global challenges. The exceptional achievement by our Award Winners clearly shows that when going gets tough, the tough gets going. He stated that the aggregate exports in the current fiscal is expected to be between US$ 775-790 billion exhibiting a growth of about 12% over the record exports of US$ 672 billion in 2021-22. A double-digit growth in exports, when the global situation is becoming tougher and global trade moderating, is encouraging particularly as many of our competing countries are witnessing a sharp decline in their exports. He congratulated the award winners for their excellent performance and contribution towards the economy. While appreciating the efforts of Ministry of Commerce in setting up Council for Trade Development and Promotion with Trade/Commerce Ministers of States as members , he said that this provides a platform to state governments for articulating their perspective on trade policy and pursuing export strategies in line with national foreign trade policy.

Congratulating the award winners, Shri Paresh Mehta, Regional Chairman-WR, FIEO highlighted the significance of the Western Region Export Awards, as it felicitates top performing exporters from 5 major states of India, Maharashtra, Gujarat, Madhya Pradesh, Goa & Chhattisgarh. He said that the Export Excellence Awards add a zeal amongst the exporter community to achieve new milestones.

Shri Khalid Khan, Vice President proposed vote of thanks to the Hon’ble Chief Guest, awardees, senior Govt. officials and all the guest for their valuable presence. He told exports are not only vital for earning the valuable foreign exchange but more importantly creating employment opportunities and giving a push to a country's GDP.

Leading industry heads, Central and State Government officials, representatives from International diplomatic community, representatives from Trade & associations and Exporters attended the function.

 

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PIB Mumbai | Nikita / Darshana

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AIIB Enhances Support for Southeast Asia’s Green Transition and Sustainable Infrastructure Development, Board of Directors Meets at Bank’s Headquarters

On March 21-23, AIIB’s Board of Directors met at the AIIB Headquarters for its quarterly meeting.

Beijing—The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an investment of up to USD120 million in the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund (the Fund). The investment aims to support the region’s green energy transition and technology-enabled infrastructure development, which is also expected to improve cross-border digital connectivity within Asia.

The Fund aims to allocate its investments in digital infrastructure (e.g., data centers) and energy transition opportunities (e.g., offshore wind farm vessel operations, transport electrification opportunities, low energy building solutions and other related subsectors). 

While green energy transition is the centerpiece of global efforts to achieve sustainable development, address climate change and accelerate a new age of inclusive, low-carbon growth, the Fund is expected to contribute toward the reduction of greenhouse gas emissions and achievement of Net-Zero targets through increasing renewable energy capacity. 

“AIIB plays a major role in building more resilient and sustainable energy infrastructure to deliver significant socioeconomic benefits, meet growing demand of our Members’ economies and help achieve global climate objectives,” said Urjit R. Patel, AIIB Vice President, Investment Operations (Region 1). “AIIB is committed to catalyzing the flow of capital toward renewables and energy transition-related infrastructure to build a more resilient and sustainable energy system for our Members.”

On March 21-23, AIIB’s Board of Directors met for their quarterly meeting. This is the first time for the meeting to be held in person since COVID-19. Almost 100 delegates attended the Board meeting and various other formal and informal meetings and events.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

TTK Prestige - The Svachh Neo Gas Stove, A Gas Stove with Liftable burners for easy cleaning

➢ Cleaning made easy with liftable burners for home cooks

➢ For an elegant and aesthetic kitchen

TTK Prestige, country's leading kitchen appliance brand, launched its Svachh Neo Gas Stove as a testament to its commitment to innovation. For easy and safe cleaning, the new Svachh Neo features liftable burners, which makes cleaning up a breeze.

The invention was conceived in response to extensive research across the country that revealed homemakers were becoming increasingly frustrated with the difficulty of cleaning gas stoves after use. With liftable burners, TTK Prestige's Svachh Neo gas stove addressed this consumer’s pain point. Thus, ensuring a safe and easy cleaning process. 

The Svachh Neo gas stove, which was designed specifically for Indian kitchens, is ideal for the busy homemaker who values convenience, visual appeal, ease of use, and enhanced functionality. Its attractive finish enhances the elegance of the kitchen with superior toughened glass.  The Svachh Neo gas stove comes in four different models, offering home cooks a variety of options.  There are two and three-burner gas stoves available, as well as two four-burner models. The jumbo burner, available in three and four-burner models, is ideal for faster cooking. 

TTK Prestige has emerged as the go-to innovative kitchen appliance brand for home cooks across the country over the last 66 years. It is estimated that a TTK Prestige product can be found in nearly every Indian kitchen. The brand is built on the pillars of trust, safety, and innovation, which serve as the foundation for all TTK Prestige products. The brand has always addressed the concerns of home cooks across the country. The Svachh Neo gas stove does the same effortlessly. 

Svachh Neo gas stove comes with ISI certification. The 2-burner model costs INR 8245, while the 3-burner model costs INR 10945. The four burner models are priced at INR 13395 and INR 13895, respectively with an introductory offer of 25%. The collection is available at Prestige Xclusive locations, select dealer outlets, the exclusive e-store https://shop.ttkprestige.com/, and other leading ecommerce websites.