India Business News
Worldwide Achievers Felicitated the Winners of Business Leaders Summit & Awards 2017
Worldwide Achievers organized Business Leaders Summit & Awards 2017 in association with ZEE BUSINESS as Telecast Partner andAchievers India as Magazine Partner Ceremony to felicitate India’s leading top Banking Sector, Telecom Industry, Manufacture Industry, Service Industry, Healthcare & Wellness, Hospitality, Leisure & Tourism. The event was held at Hotel, The Leela Mumbai on 07th August 2017.
Business Leaders Summit – an open platform that brings together some of the India’s most brilliant minds to share their leadership strategies and insights into financial, economic and management issues. The main purpose of the summit is to focus on business & service sector, challenges and opportunities in the respective field. The theme of the Summit is revolved around various topics “Impact of GST on Indian economy and common man?”, “Privatization will lead to less corruption?”, “Is foreign direct investment (FDI) in retail sector good for India?”, “India- still attractive investment destinations?”
The awards were based on a comprehensive market research study and opinion surveys conducted by Worldwide Achievers. Shri Syed Shahnawaz Hussain (National Spokesperson of the Bhartiya Janata Party), Shri Ramdas Athavale (Minister of state for social Justice and Empowerment, Govt. of India), Shri Deepak Vasant Kesarkar (Minister of state for home(rural), finance and planning Govt. of Maharashtra) Mr. Annu Kapoor (India Film and Television Actor) Mr. Manoj Joshi (India Film, Stage and Television Actor) Mr. Rakesh Bedi (India Film, Stage and Television Actor) were the Chief Guest & Guest of Honor at the gala ceremony and gave away the award certificates & trophy to the winners which included Individuals/organizations from all across India.
BUSINESS LEADERS AWARDS – 2017
ASR INDUSTRIES- Best Manufacturer of Jigs & Fixture Company of the Year
MR. GEORGE V NEREAPARAMBIL- Life Time Achievement Awards
MEDITECH ELECTRONIC- Best Manufacturer for Medical Equipment in Delhi
TRISHULIN OVERSEAS- Best Home Furnishing Designing & Manufacturing Company of the Year
EBRANDZ SOLUTIONS- Best Digital Marketing Company in India
PEE KAY WOOD INDUSTRIES- Most Promising Wood Industry in Southern India
MRS. ROOPA PAHWA- India’s Leading Women of The Year
NARMADA BIO-CHEM LIMITED- Best Manufacturer of Organic & Bio-Chemical Fertilizers of the Year
SAI PROJECTS & SYSTEMS PVT. LTD. – Best Factory Automation Systems Company in Karnataka
PREMIER SOLAR SYSTEMS PVT. LTD. – Most Promising Green Energy Company of the Year
NEW MAJIDPUR TEA ESTATE- Most Promising Producer of Green Leaf of the Year
CODON BIOTECH PVT. LTD. – Best Bio-Technology Company of the Year
AGI INFRA LTD. – Most Affordable Residential Developer in Punjab
CRL DIAGNOSTICS PVT. LTD. – Fastest Growing Pathology Lab in North India
SREE GOKULAM CHIT & FINANCE CO (P) LTD. – Most Promising Finance Company in Southern India
WINDSONN EXIM LIMITED – Best Pharmaceutical Research & Sourcing Company of the Year
BR SOFTECH PVT. LTD. – Best Emerging Mobile Apps and Game Developer in India
OCEAN EXPRESS MANAGEMENT PVT. LTD. – Best Seafarer Recruiter in India
GSC GLASS LTD. – Most Trusted Glass Processing Company of the Year
VILLAGE FINANCIAL SERVICES – Most Promising Micro Finance Company in India
HINDUSTAN OLYMPAID FOUNDATION – Best Education Olympiad Foundation of the Year
MEDICARE MATTRESS – Most Promising Manufacture of Orthopaedic Mattresses in Dubai
MADHUSUDHAN ASSICOTES – Best Fire Production Company in Dubai
Y-STAR CINE & TELEVISION PVTL LTD – Best Film Production & Ad Film Making Company of the Year
MR. JAYANT GILATAR – Best Director for Educational Film- Chalk N Duster
MR. JITEN PUROHIT – Best Short Film on Social Message- Sweet 60
MONEYPLANT DMCC – Best Trading On Regulated Exchange Company in Dubai
DR. AJAY MAGAN – Best Cosmic Healer of the Year
MR. MAHESH SHARMA – Entrepreneur of the Year
VISION BEYOND RESOURCES INDIA PVT. LTD. – Best RPO & HR Consulting Service Provider from Uttar Pradesh
GLOBAL ADVERTISERS – Most Promising Outdoor Advertising Agency in Western India
HI-TECH SWEET WATER TECHNOLOGIES PVT LTD – Best Manufacturers of RO Water Treatment Systems of the Year
NIRMAN ASSOCIATES/ NIRMAN INC (NIRMAN GROUP) – Best Distributor FMCG in North India
NIGHTINGALE FINVEST PVT. LTD. – Best Micro Credit Finance Company in Assam
MPPKVVCL – Best Corporate Trainer in Madhya Pradesh
DREAMLINE TECHNOLOGIES PVT. LTD. – Best It Service Provider in Bihar
FLOWCHEM ENGINEERING PVT. LTD. – Most Promising Manufacturer of Pump in India
SS INFORMATION SYSTEMS PVT. LTD. – Best It System Integration Service Provider in Tamil Nadu
PURE & CURE HEALTHCARE PVT. LTD. – Most Trusted Manufacturer of Pharmaceutical of the Year
ONYX ENGINEERING COMPANY – Best Control System Integrator Company in Maharashtra
STS PVT. LTD. – Most Promising IT Company in West Bengal
ROERICH HEALTHCARE – Best Exporter of Pharmaceutical of the Year
SURESH METAL FINISHERS PVT. LTD. – Best Electroplating Company in Telangana
INOVIES – Best Web Designing Development Company in Telangana
INDUS NET TECHNOLOGIES PVT. LTD. – Most Promising Digital Service Company in India
ADARSH COOPERATIVE BANK LTD. – Most Trusted Cooperative Bank in India
BOTHRA METAL & ALLOYS LTD – Most Promising Manufacturer of Aluminium Product of the Year
HYATT PLACE, PUNE – Best Business Hotels in Pune (Maharashtra)
WEB WERKS INDIA PVT. LTD. – Best Cloud Data Centre and Internet Exchange Company of the Year
A RAJ GROUP – Best IT Company of the Year
KARNATAKA STATE ROAD TRANSPORT CORPORATION – Outstanding Contribution to the Transportation Sector in Southern Region
MR. S.A. ANAND – India’s Best Celebrity, Business, Leadership & Nlp Coach
PG FOILS LIMITED – Most Promising Aluminium Foils Manufacturing Company of the Year
3I PLANET – Best It & Professional Service Company in Rajasthan
AASHVI PROFICIENCY TESTING & ANALYTICAL SERVICES – Best Upcoming Services & Technology Provider in Telangana
M/S SRI MADHURAMBAL AGENCIES – Best Manufacturer & Trader of Road Safety Products in Tamil Nadu
KIDZEE PRE SCHOOL FATEHPURBERI CHATTARPUR – Best Pre School in Delhi/NCR
KRISHAK SARVOPARI PRODUCER COMPANY LTD. – Best Agriculture Farming Consultancy Services & Agriculture Farming Company in Uttar Pradesh
49ERS RESTAURANT / BAR – Best Restaurant & Bar in Goa
GREENLAND CROP-SCIENCE (I) PVT. LTD. – Best Manufacturer of Agriculture Pesticides and Fertilizers in Gujarat
CRYSTAL ART – Best Manufacturers for Trophies and Mementos in India
ABHITECH IT SOLUTIONS PVT. LTD. – Best It Solution Provider in Lucknow
GUJARAT AGRO FOOD PROCESSORS – Best Confectionery Item Manufacturer in Gujarat
STUDIO7- Best Photography & Video Productions Company in Goa
GHV INDIA (P) LTD. – Most Promising Infrastructure Company in Western India
MAVEN INFOTECH PVT. LTD. – India’s Leading IT Company
FORM DESIGN INDIA PVT LTD – Best Furniture Design/Interior Company in Maharashtra
ZECO AIRCON LIMITED – Most Promising Manufacturer of Air Management System of the Year
MR. PIYUSH SARAF (C/O JP ENTERPRISES) – Best Manufacturer for Led Lights in Kolkata
P. K. Choudhary (CEO) Worldwide Achievers said that the winners have exemplified excellence amongst their peers in respective industries and regions. Almost all the winners scored extremely well in our research study due to their dedication towards excellence, dedication, innovation and best ethical practices. By competing with the very best from their sector, winners know that their work has been evaluated by the sharpest minds in the sector, and that their services and contribution have truly excelled. These awards intend to inspire others towards big achievements.
About Worldwide Achievers
Worldwide Achievers is a dynamic global analytical company providing ratings, research and analysis services.
We are leading Market research & rating company in India. We have been providing state of the art market research, rating and analysis for organizations of all sizes.
We are also the foremost provider of high-end research to the world’s largest leading industry. With sustainable competitive advantage arising from our strong brand, unmatched credibility, market leadership across businesses, and large customer base, we deliver analysis, opinions, and solutions that make markets function better.
We are experienced and qualified practitioners of both Market and community research our directors have strong expertise in market research, advertising, Public relations, brand management, retail sales and operations, franchising and event management improvement, encompassing a true passion for business of our clients.
Indian Logistics Industry to Experience Higher Investments with the Passing of Industry Tax Reforms and Advances in Technology
The Government of India’s strong emphasis on manufacturing and initiatives such as “Make in India” is boosting domestic production, which is bolstering the logistics industry. Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services. These services will provide visibility across the supply chain and transform it into an organized industry. Some of the advanced technologies adopted include automated storage and retrieval systems (ASRS) in warehouse and transportation, radio frequency identification (RFID) in place of bar codes, and global positioning system (GPS) for real-time tracking.
“In addition to riding the digital wave, logistics companies in India are strategizing for the transition from indirect taxation to goods and service tax (GST). The simplified tax structure will benefit the warehousing industry and reduce logistics costs by up to 2.5%,” said Senthil Kumar Subbiah, Research Analyst, Supply Chain & Logistics Transformation Practice, Frost & Sullivan. “This tax reform, along with land and labor market reforms, will improve the efficiency of both transportation and freight forwarding.”
Indian Logistics Industry – Growth Insights and Forecast to 2020 is part of the Supply Chain & Logistics Transformation team’s Growth Partnership Subscription. According to the study, investments in infrastructure development across all modes of transportation, relaxed foreign direct investment regulations, implementation of GST, and increased technology adoption are altering the Indian logistics industry.
To access more information on this analysis, please click here.
Meanwhile, the increasing influx of international logistics service providers (LSPs) are prompting third-party logistics (3PLs) and domestic LSPs to expand their footprint and focus on transportation service, warehousing and freight forwarding. It will also open up opportunities for partnerships, and domestic logistics companies will have access to the modern technologies introduced by global service providers. Logistics services in India will greatly benefit from the development of transportation and logistics-related infrastructure, such as dedicated freight corridors, logistics parks, free-trade warehousing zones, port modernization, and container freight stations.
“Another major influence on the logistics industry is the ubiquity of smart phones and internet, and the consequent rise of e-Commerce. As more than 30% of the Indian population resides in tier II and tier III cities, e-Commerce sites receive more orders from these cities,” noted Subbiah. “To provide better services to customers, e-Commerce firms are demanding bigger and more efficient warehouses, faster delivery options and improved last-mile connectivity, which translates to a plethora of business opportunities for 3PL companies and logistics startups.”
Overall, LSPs are leveraging technologies such as Big Data and cloud-based application platforms for better order fulfillment and tracking of shipments. The modernization of logistics infrastructure and government support will go a long way in advancing the Indian logistics industry.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
CSS Corp Wins Silver Stevie® in 2017 International Business Awards℠
CSS Corp, a new age IT services and technology support company, was named the winner of a Silver Stevie® Award in the Best New Product or Service of the Year – Software – Platform as a Service category at The 14th Annual International Business Awards 2017. CSS Corp was conferred the recognition for its proprietary Artificial Intelligence (AI) platform, Yodaa.
Yodaa is a highly personalized virtual assistant, which integrates with all customer channels like voice, email, chat and website across devices, and offers context-driven, real-time support with a human-like interaction to resolve customers’ needs.
Speaking on the recognition, Manish Tandon, Chief Executive Officer, CSS Corp said, “Winning Stevie International Business Awards is a milestone for CSS Corp. We are honored to be recognized as an industry leader in innovation. Automation and AI are becoming major game changers in the world of technology and business. At CSS Corp, we are leading this change by developing technology tools and platforms that give us a distinctive advantage in delivering transformational results to our clients.”
Sunil Mittal – EVP, Chief Sales and Marketing Officer said, “Our primary focus lies in building technology solutions that make a critical difference to our clients’ business, while strengthening our technology pillar. Amongst CSS Corp’s many innovative solutions, Yodaa stands tall, and to have been recognized as the Silver Stevie winner is indeed a great honor for us.”
The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2017 IBAs received entries from more than 60 nations and territories.
A record total of more than 3,900 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Marketing Campaign of the Year, Best New Product or Service of the Year, Startup of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Stevie® Award winners were determined by the average scores of more than 200 executives worldwide who participated on 12 juries.
“The IBA judges from across the world were highly impressed with the nominations they reviewed this year. With the level of achievement documented in the nominations from 60 nations, the Stevie® Awards are proud to honor organizations that demonstrate a high level of achievement in a variety of industries” said Michael Gallagher, President and Founder of the Stevie® Awards. “We look forward to sharing many of these stories with people around the world over the coming months, through the Stevie® Awards blog and social media channels, with the hope to inspire others to high achievement.”
Details about The International Business Awards and the lists of Stevie® Award winners are available at www.StevieAwards.com/IBA.
About CSS Corp
CSS Corp is a new age IT Services and Technology Support company. The company harnesses the power of automation, analytics, cloud and digital to address specific customer needs. The company partners with leading enterprises to help realize their strategic business outcomes. The company’s team of 5,500 technology professionals across 16 global locations are passionate about helping customers.
For more information please visit www.csscorp.com
About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
Social Media Handles –
Paris Excellence Award Bestowed Upon Mr. Ushik Gala
‘Paris Excellence Award 2017’ was bestowed upon Mr. Ushik Mahesh Gala in the category of Excellence in Garment Industry. The award was presented by Mr. Robby Wells, the Presidential Candidate of US Election 2020 at Eiffel Tower, Paris.
Paris based French European Indian Organization, World News Network and Art For Peace Awards Beverly Hills, USA had organized Paris Excellence Award 2017 function recently at Eiffel Tower, Paris.
Mr. Ushik Gala stated, “We have officially announced support to Mr. Robby Wells, the Presidential candidate for US for the year 2020. With this, we enter USA market and have plans to make substantial investment in USA.”
Mr. Ushik Gala is the Managing Partner of KSPM & Associates, a chartered accountants firm. He is the Chairman of Suumaya Lifestyle Ltd. He is also Global Director of JIO (Jain International Organisation).
Suumaya Lifestyle Ltd. are manufacturers of ladies designer kurtis and denim bottoms. The company also deals with fabrics for women wear. The company is having 3 manufacturing units in Mumbai & Wada. It has 3 stores in Mumbai, 1 in Varanasi and a complete in-house CMTP (Cut-Make-Trim-Packaging/Finishing) set up in Mumbai.
India Innovation Forum 2017 brings together Industry Stalwarts for a Dialogue on ‘Build for India’
The 3rd edition of India Innovation Forum (IIF) concluded successfully on July 23rd witnessing the presence of prominent industry stakeholders such as Entrepreneurs, VC and PE investors, corporate leaders and academic luminaries over the two days. The participants and key speakers included dynamic personalities like Anshu Gupta, Founder, Goonj; Dr. A. Velumani, Creator and MD, Thyrocare; Kanwaljit Singh, Founder, Fireside Ventures; Ajay Kumar Dixit, CEO, Alumina & Power – Vedanta Limited; Ishan Gupta, MD, Udacity India; Gaurav Singh Kushwaha, Founder & CEO, Bluestone.com; Ganesh Rengaswamy, Co-founder, Quona Capital; Mridual Arora, Principal, Saif Partners; Sarajit Jha, Chief Digital Officer, Tata Steel, among others.
The focus of India Innovation Forum 2017 was on innovation focused on “Build for India”. The event aimed to serve as a platform for extensive discussion on opportunities prevailing in India as well as success stories based on the increasing local consumption across sectors, the needs and aspirations of Indian consumers and the potential for growth for big and small scale businesses.
Speaking on the occasion, Mohit Jain, Co-Founder, Northwest Executive Education said, “Innovation ecosystem in India is evolving constantly having seen dizzying heights and terrifying lows over the last few years and a critical aspect of this evolution for those who have successfully survived and grown is the unmitigated focus on the Indian consumer and consumer behaviour. With increased penetration of smart phones and easy and cost-effective accessibility to internet, the local market is now exploding like never before, creating exponential opportunities for small, medium and large businesses alike.”
Sessions at India Innovation Forum 2017 covered a wide variety of stimulating topics including “Innovating for Social Development”, “India centric innovation at large companies”, “Digital transformation of Businesses” and innovation stories across sectors such as Children’s nutrition, youth centric restaurant chain, education for the millenials, organic toys and developing rural entrepreneurship.
“Increasing local demand and consumption thereof across industries in India has created a highly optimum platform for entrepreneurship as well as innovation at multiple levels. “Build for India” is redefining the Innovation and entrepreneurial eco-system in the country and is expected to take both several notches higher. It has been our absolute privilege to hear some of the industry stalwarts share their expert knowledge and understanding on the subject over the two days of IIF, said Tamhant Jain, Co-Founder, Northwest Executive Education.
Reflecting on innovation in social sector, Anshu Gupta, Founder, Goonj said “Real India and its needs are quite different from India as represented in Data offered by various agencies and the picture is dismal. We need to build innovations that make tangible difference to millions of people by making focusing on basic needs such as clothing, livelihood and better living conditions.” He urged everyone to come forward and contribute in whatever limited way they can while keeping in mind that dignity of the receiver has to be preserved.
Dr. A. Velumani, who has built Thyrocare from ground up and has led it to one of the most successful IPO’s in India in recent past, spoke about his journey of coming from a background with limited means to creating an industry leading enterprise. He said “In India, an entrepreneur needs to focus on creating unique value proposition through innovation, charge customers less and create value by focusing on scale and operational efficiencies in value chain. It is possible and we are a live testament to the success of this formula”
Kanwaljit Singh, Founder, Fireside Ventures spoke about brands which are made for India and about his fund’s plan to invest in India centric consumer businesses. He said, “There are white spaces in several consumer oriented products and services for creating strong brands, one needs to find innovative value proposition and use new age marketing and distribution mechanisms allowing them to create brands at significantly lower costs as compared to traditional mechanisms”
More than 200 delegates attended the event spanning July 22nd and 23rd and comprised of senior leadership from prestigious organizations such as Aditya Birla Group, Tata Motors, Infosys, Wipro, SAP, Microsoft, Google, Amazon, ABB, McKinsey, among others.
India Innovation Forum, now in its third edition, is a premier event dedicated to fostering an active dialogue on innovation and to bring together like-minded people and organizations across industries that are at the forefront of working on innovation. IIF is a non-profit initiative, supported by executive education arms of top global business schools including UC Berkeley Haas School of Business, University of Chicago Booth School of Business, Yale School Of Management and UCLA Anderson School of Management.
India Innovation Forum (IIF) powered by Northwest Executive Education is a platform to engage in a dialogue on Innovation. IIF aims to bring together Mentors who are at the forefront of working on Innovation across industries and functions, and Mentees who are Senior Executives from Corporate India alongside being students at Business Schools like University of Chicago, Yale SOM, UC Berkeley Haas School of Business and UCLA Anderson School of Management. IIF aims to explore various aspects, trends, best practices, and stakeholder perspectives on the Innovation ecosystem in India. It also intends to serve as a platform for more personal and small group interactions around opportunities, learnings and experiences focused on “Build for India”.
Northwest Executive Education provides long term executive education programs in collaboration with ace International Universities such as University of Chicago Booth School of Business, Yale SOM, UC Berkeley Haas School of Business, UCLA Anderson School of Management and USC Viterbi School of Engineering. It was established in 2012 and has regional presence in India, South Asia and Middle East while offering global programs. It has witnessed 300+ enrolments across India and the South Asia region into its programs since inception. It offers programs in multi modular format, including classroom sessions, real-time online sessions, asynchronous learning, workshops, tutorial support for academic content and action learning projects for program to assist with learning objectives. Program participants come from top MNCs and Indian corporates such as IBM, Microsoft, Google, Siemens, HP, Adobe, Thomson Reuters, Nestle, Samsung, Adidas, ICICI Bank, Axis Bank, TATA Group, Aditya Birla Group, Mahindra, Infosys, TCS, Wipro, Intel, RBS, with average working experience of 18+ years.
DHL Opens India’s First Integrated Warehousing Facility in Bengaluru
- New facility reduces end-to-end transit time and supply chain costs
- The 77,500-square feet GST-ready site will facilitate ease of trade in India’s IT Hub and surrounding areas
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, today inaugurated the country’s first integrated warehousing site in Bengaluru to provide both Customs Bonded and Domestic warehousing (CBD) solutions.
With an investment of INR 7.5 crore (Euro one million), the state-of-the-art facility is an appointed Customs Public warehouse with a domestic area for storage, sales and distribution of goods. It functions as a duty free zone and comes with a value creation area that enables labeling, packaging and repacking services. The warehouse has been set up to ensure the seamless handling, storage and movement of imports with an option to re-export. Customers will also benefit from the GST-ready warehousing space at the facility for cargo cleared for home consumption and indigenous goods. This innovative solution will bring synergies in processes, equipment and people in both areas of the warehouse, thereby increasing time and cost improvements for customers.
This offering supports DHL’s brand promise: ‘Excellence. Simply Delivered’ and will further complement DHL Global Forwarding’s portfolio of international freight and landside services.
All industry verticals including Automotive, Engineering & Manufacturing, Fashion & Apparel, Retail & Duty Free Shops, Life Sciences & Healthcare and Technology can benefit from this unique solution. The CBD is well equipped with a Warehousing Management System (WMS), ISO documented processes, and Transported Asset Protection Association (TAPA) for both areas and adheres to the highest security standards which include motion sensors, fire alarm systems, CCTV and access control.
Located in Kasaba Hobli within 22 km of Bengaluru International Airport and 25 km from the Inland Container Depot, the single site facility is equipped with multi-user benefits to increase speed and cost efficiencies.
Bengaluru is one of India’s most dynamic cities and a major trading hub driven by technology and innovation. With the presence of leading IT players, several multinational and retail brands, Bengaluru also handles huge volumes of imports. According to statistics published by custodians, Bengaluru airport handles close to 84,000 MTs of air imports per annum. Given its strategic location, it can impact close to 120,00 MTs per annum, taking into account the catchment areas in surrounding Tamil Nadu and Kerala. The unique combination of customs bonded and domestic warehousing facilities under one roof offers import customers the convenience and ease of doing business in this thriving city.
On the occasion of the launch, George Lawson, CEO, DHL Global Forwarding India said, “As the trade facilitator for India, this new facility demonstrates our commitment to customers in the Indian market. Simplifying customer trade is our passion and we are excited to pioneer customs bonded warehousing solutions for the first time in India.”
Amit Dawar, Director, Value Added Services, DHL Global Forwarding India added, “This warehouse will help meet the demands from customers owing to the lack of bonded facilities near Bengaluru airport. It will also help reduce turnaround time by up to two days, decrease multiple handling with its associated risks and reduce costs, while providing consolidation of domestic and imported goods.”
DHL Global Forwarding is the global market leader in air and ocean freight, customs brokerage and industrial projects. Offering a range of value-added services, DHL Global Forwarding provides significant benefits for customers including greater geographic spread, product and service leadership, and enhanced offerings to meet all their logistics requirements. With 44 locations across 27 cities, DHL Global Forwarding India’s network spreads across thriving business hubs to sprouting industrial centers covering the length and breadth of the nation, and is present in all the major sea and air ports in the country.
About DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 350,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 57 billion euros in 2016.
India’s No.1 Automation Expo Attracts Record Participation for 12th Edition
Automation Expo 2017, India’s biggest and South East Asia’s 2nd biggest Automation show has attracted a record number of exhibitors with over 900 companies from over two dozen countries represented at the event. The 12th edition of the show will be held from 09 to 12th August, 2017, at Hall No.1, Bombay Exhibition Centre, in Mumbai. The exhibition, spread across an area of 23,000 sq.mtr, will have on display a vast array of products and innovations from global leaders in the field of Industrial Automation, now entering the era of Industrial Internet of Things (IIoT). The show is supported by the Department of Science & Technology, Govt of India, and a host of other professional bodies.
The mega Automation Show will be inaugurated by Mr. B. Narayan, Group President (Procurement & Projects), Reliance Industries Ltd, at a Grand Opening Ceremony in the presence of an august gathering of industry stalwarts and automation professionals.
The four-day extravaganza will witness on display state-of-the-art products and cutting edge technologies from the field of Process Automation & Control Systems, Factory Automation, Industrial Automation, Field Instrumentation, Smart Sensors & Controllers, Robotics & Machine Automation, Motors & Drives, Software Solutions, Bus Technologies, Wireless Technologies, Building Automation, Automation in Hydraulics & Pneumatics, Automation in Renewable Energy and Safety & Security Systems, etc.
Since inception fifteen years ago, Automation Expo has consistently evolved as a top-of-the-class platform to showcase the world’s best automation technologies at a single venue. The exhibition brings together the Who’s Who of the industry, decision makers, technocrats, and technology enthusiasts. Here professionals like fund managers and venture capitalists mingle with technology providers in one-to-one meetings seeking investment opportunities and explore mergers & acquisitions (M&A) possibilities to create sustainable business models for the future. Mr. M. Arokiaswamy, Managing Director, IED Communications Ltd, the brain behind this mega exhibition says, “Automation is no longer an emerging trend or a cutting edge technology for the future. It is the reality we need to live with, here and now. Today there is a pressing need for every industry in India to embrace automation to take on global competition.”
The 12th edition of the show is expected to get more than 50,000 visitors from various OEMs and industries such as Oil & Gas, Automobiles, Pharmaceuticals, Food Processing, Fertilizers and Chemicals, Cement, Glass, Electrical and Electronics, and other automation technology users and solutions providers. With more than 900 top automation manufacturers and solution providers already gearing up to showcase their technology prowess at the mega event, the upcoming show is surely going to set a benchmark in the history of the Indian Automation Industry.
Automation Expo 2017 will also host concurrent events:
- CEO Summit on Innovation and R&D – 9th August
- Conference on Automation in Pharma – 9th August
- Conference on Industrial Internet of things – 10th August
- Machine Safety Interactive Session – 10th August
- Conference on Cyber Security – 11th August
- Workshop on SIL and Functional Safety – 12th August
The Industrial Automation Market
Transparency Market Research (TMR) observes that the global industrial automation market is highly fragmented due to the presence of several players in the field. The top four players with a strong foothold in the global market hold just under 15% of the market share, which indicates the extent of fragmentation. However, there is some consolidation happening gradually as indicated by the acquisition of MYNAH Technologies by Emerson, Rockwell Automation’s acquisition of Maverick Technologies and ABB’s acquisition of Bernecker & Rainer (B&R).
According to the TMR report, the global industrial automation market is anticipated to reach a valuation of US$352.02 bn by the end of 2024 from US$182.64 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6%. “Developing new technologies that deliver commercial excellence, functional transformation will be the key focus areas of these companies,” states the lead author of this research report.
The Indian Industrial Automation Industry is expected to reach INR 197 billion by 2020 with growth driven by rapid adoption of modern technology backed by cost saving features, says Ken Research, a global aggregator and publisher of market intelligence research reports, equity reports, data base directories and economy reports.
The Factory Automation market has been the fastest emerging segment in the industrial automation market in India. Automotive industry has been an integral part of the factory automation since the inception of automation practices, thanks to assembly line mass production which includes welding, cleaning, joining solutions, engine assembly.
The demand of Process Automation products has been primarily driven by pharmaceutical sector, largely due to the huge demand of medicines and other pharmaceutical products. The process automation market in India has been largely dominated by pressure transmitters.
Edelweiss Tokio Life Wins ‘Best Product Innovation’ Award
Edelweiss Tokio Life Insurance, a joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has been conferred the ‘Best Product Innovation’ award for its product, Wealth Ultima, at the prestigious Fintelekt Insurance Awards 2017.
As a philosophy, Edelweiss Tokio Life believes that finding and articulating the problem is the first half of any solution, and the other half is then to solve it. This product was an outcome of a need gap research which identified the lack of a methodical way of managing wealth and unavailability of a single life insurance product to address various financial needs of customers. Edelweiss Tokio Life believes in creating products designed basis the principles of Financial Planning.
Commenting on the win, Mr.Deepak Mittal, MD & CEO of Edelweiss Tokio Life Insurance, said, “At Edelweiss Tokio Life, we constantly strive to create products that are innovative and provide value to our Customers. Wealth Ultima is one such product, which is differentiated due to its unique benefits offered all in one plan. We are deeply gratified that customers, as well as the industry, have acknowledged this.”
Edelweiss Tokio Life’s Wealth Ultima for which this accolade was bestowed, is a Unit Linked Insurance Plan offering three benefits in one – systematic investment plan, systematic transfer plan and systematic withdrawal plan.
About Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance Company Limited (‘the Company’), registered with Insurance Regulatory and Development Authority of India (Regn. no. 147), is a joint venture between Edelweiss Financial Services Limited and Tokio Marine Fire Nichido Insurance Company Limited (a Japan based company), having a shareholding of 51% and 49% respectively in the Company. This lineage brings together a deep understanding of customer needs and international expertise. The Company offers proprietary need-based solutions to help customers meet their life stage financial goals.
Edelweiss Tokio Life Insurance Company Limited is the “Winner – Best Life Insurer of the Year”, presented at the 15th Annual Outlook Money Awards 2016.
To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
To learn more about the Edelweiss Group, please visit www.edelweissfin.com
To learn more about Tokio Marine Holdings Inc., please visit www.tokiomarinehd.com/en