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Marico Q3 FY24 Profit: Marico's net profit rises 16% to Rs 386 crore in Q3 FY24, ET Retail

Marico Q3 FY24 Profit: Saugata Gupta, MD and CEO at Marico, commented, “We have delivered a competitive performance in a volatile operating environment. In the domestic business, we witnessed signs of improvement in the core portfolios and expect the steps we have initiated to fundamentally improve business prospects of the GT channel to aid the same."

New-delhi , Delhi , India , Marico-saffola , Saugata-gupta , Marico-limited , Premium-personal-care , Saffola-oats , Soya-chunks , Parachute-rigids , Marico-q3-fy24-profit

Reliance Nippon Life Insurance Wins The Prestigious National Energy Conservation Awards (NECA) 2023, In The Corporate Office Sector

PNN Mumbai (Maharashtra) [India], December 18: Reliance Nippon Life Insurance, India's leading private life insurer, has been recognized by the Bureau of Energy Efficiency (Government of India, Ministry of Power) at the National Energy Conservation Awards (NECA) 2023. This prestigious award comes in recognition of the company's efforts towards institutionalizing climate-friendly operations and driving sustainable business growth. Ashish Vohra, ED, and CEO received the award from R.K. Singh, Cabinet Minister of Power and New & Renewable Energy. This recognition highlights the company's investment in environmentally conscious technologies that aid in optimizing resource utilization and energy efficiency. The company's scale of operations allows it to harness these advantages for benefits at large scale and pass on operating efficiencies to customers through its new line of products. Ashish Vohra, ED & CEO, Reliance Nippon Life Insurance said,"The drive towards energy conservation started 4 years ago for us, more as a cost reduction exercise. While energy efficient capital expenditure choices and motion sensors etc. were rudimentary to implement, but over time our Admin team enhanced the scope to reduce our carbon footprint, and more teams participated in searching out newer solutions like IOT based remote control of devices in branches. We continue to search out more solutions of environment consciousness that we can implement at scale in our 700+ branches and add to the 34% savings on energy cost across the organization". Reduction in the Energy Performance Index* from 74.8 to 51.2. The company has harnessed natural lighting and ventilation systems and implemented smart cooling and lighting solutions towards building environmentally friendly operations. "We extend our heartfelt gratitude to the Bureau of Energy Efficiency for acknowledging our efforts towards energy efficiency and conservation. We remain steadfast in our pursuit of excellence and sustainability as we establish new benchmarks for sustainable operations in the insurance industry", added Ashish Vohra. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

India , Mumbai , Maharashtra , Japan , Nippon , Ashish-vohra , National-energy-conservation-awards , Bureau-of-energy-efficiency , Ministry-of-power , Energy-performance-index , Bureau-of-energy-efficiency-government-india , Renewable-energy

Readyassist Lectrix EV Roadside Assistance: ReadyAssist partners with Lectrix EV for 24/7 roadside assistance, ET Auto

Readyassist Lectrix EV Roadside Assistance: The partnership ensures that Lectrix vehicle owners have access to ReadyAssist's mechanics at all hours. The company's technology platform will facilitate real-time support through its app, enabling users to promptly request assistance in the event of a roadside issue.

Readyassist-lectrix-ev-roadside-assistance , Ectrix-ev , Ectrix , Eadyassist , Ectrix-ev-roadside-assistance , Nnual-maintenance-services , Ar-group , D-amp-ceo , K-vijaya ,

JCPenney India appoints Kaushik Das as MD, Retail News, ET Retail

Prior to joining JCPenney, Das was associated with Giant Eagle as Global Senior Director of Operations and Analytics.

Bengaluru , Karnataka , India , Jcpenney-kaushik-das , Sharmeelee-bala , Kaushik-das , Kabbage-inc , Financial-services , Giant-eagle , Global-senior-director , Managing-director , Jcpenney

This Independence Day, Embrace Freedom and Savings with Voltas' Independence Day Offer

PRNewswire Mumbai (Maharashtra) [India], August 14: Voltas Limited, India's No. 1 AC company, from the house of Tata, announces its 'Independence Day Offer' in commemoration of India's Independence Day. A renowned name in the consumer electronics and air conditioning industry, Voltas has introduced a diverse range of attractive offers to celebrate the spirit of freedom and patriotism across India. The offer will be valid until 31st August 2023, offering up to 50% savings on the exchange of old air conditioners. The core essence of Voltas' ideology has consistently revolved around fostering national progress and sustainability. In a bid to inspire consumers to embrace futuristic, energy-efficient and cutting-edge air conditioning solutions, Voltas has unveiled the Independence Day offer. This offer will allow consumers to exchange any operational old air conditioners of any capacity for a brand new Voltas AC. This limited-time offer is a heartfelt gesture from Voltas to its loyal customers who use our ACs for residential purposes, acknowledging their continuous support over the years. With an effort to increase access to Voltas ACs dynamic range of products, the company has introduced multiple finance offers such as 'Special Cashback of up to 15%' on select Debit & Credit Cards and 'EasyEMI options through NBFCs'. Additionally, Voltas also has 'Up to Five Year Extended Warranty worth Rs 15,000' and 'Free Installation & Uninstallation offer worth Rs. 2250' on offer, to encourage purchases for home upgradation. All offers can be availed at Voltas' retail outlets. Commenting on the occasion, Pradeep Bakshi, MD & CEO, Voltas Limited said, "As a brand that is 'Made in India', Voltas has always held a deep-rooted connection with the spirit of independence and progress. Through our Independence Day Offer, we look forward to adding excitement to the patriotic fervor by launching customer-centric offers for our customers that can be availed through our channel partners and exclusive brand outlets. This initiative reflects our commitment to providing top-notch products that contribute to enhancing the quality of life. As we embark on this celebratory journey, Voltas remains committed to delivering unparalleled value and fostering a brighter, more sustainable future for all." Voltas is all set to initiate the festiverevelrieswith the Independence Day Offer, followed by distinctive festive season promotions during Onam for the Southern markets and Ganesh Chaturthi in the West. These exclusive offers and discounts are designed to enhance the customers' purchasing experience, making it not only rewarding but also aligned with the festive spirit. About Voltas Limited Voltas Limited is a premier air conditioning and engineering solutions provider and projects specialist. Founded in India in 1954, Voltas Limited is part of the Tata Group, and in addition to room air conditioners, Voltas also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio. Voltas is one of the leading companies within the Tata group and is the undisputed market leader in room air conditioners in India, with a footprint of over 25,000+ customer touchpoints. Voltas has also launched a wide range of Voltas Beko Home Appliances products, through its JV in India, in equal partnership with Arcelik. Logo:https://mma.prnewswire.com/media/2050298/Voltas_Logo.jpg (Disclaimer: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)

California , United-states , Texas , Dallas , White-house , District-of-columbia , Yangon , Myanmar , Washington , Honolulu , Hawaii ,

India's Oldest & Largest Digital Payments Conference is Back Digital Money 2023 to Bring Together Payments Industry Leaders

Mumbai (Maharashtra) [India], May 4 (ANI/NewsVoir): India's oldest and largest conference on digital payments, Digital Money, is back with its 15th edition. The conference is being organised by the Payments Council of India (PCI), in association with Lyra India, on Monday, May 08, 2023, at Taj Santacruz in Mumbai. The premier conference will bring together more than 50 speakers including policymakers, visionary founders, and stalwarts from the payments industry to discuss the future of digital payments in India. Over 750 delegates are expected to participate in Digital Money 2023. With the theme 'From Innovation to Synergies', Digital Money 2023 will deliberate 360 degrees on the importance of innovation in driving growth and expansion, as well as the need for collaboration and cooperation to realize the full potential of digital payments. The conference will provide a platform for experts and professionals to explore the latest innovations, trends, and challenges in the industry. By facilitating meaningful conversations and collaborations, Digital Money 2023 will help drive the industry forward and pave the way for a more innovative, collaborative, and prosperous digital future. The conference will feature a host of distinguished speakers, including Vishwas Patel, Director, Infibeam Avenues Limited & Chairman, PCI; Harshil Mathur, CEO & Co-founder, Razorpay; Naveen Surya, Chairman, Fintech Convergence Council; Noopur Chaturvedi, CEO, NPCI Bharat BillPay; Srinivas Jain, Executive Director and Head of Strategy; SBI Mutual Funds, Vishnu Challam, CEO, Stripe India; Christophe Mariette, Sales Director, Lyra Network; Ramakrishnan Gopalan, Vice President, Products & Solutions for India & South Asia, Visa; Nath Parameshwaran, Director - Corporate Affairs, India, and South Asia, PayPal; Pranay Jhaveri, Managing Director - India And South Asia, Euronet Worldwide; Ketan Gaikwad, Managing Director & CEO, RXIL; Ayan Agarwal, CEO (Payment Systems), Transcorp International; Bharat Panchal, Chief Industry Relations & Regulatory Officer, Discover Financial Services; Neha Gupta, Director, Prepaid Products, IN Payments Amazon; J Venkatramu, MD & CEO, India Post Payments Bank; Mohit Gopal, COO, PayU India; Sahil Kini, Co-founder & CEO, Setu and Naveen Chaluvadi, Chief Digital Officer, YES BANK . For more information on the conference, visit the website: Digital Money 2023 The Payments Council of India (PCI) was formed in 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia for the purposes of representing the various regulated non-banking payment industry players, to address and help resolve various industry-level issues and barriers which require discussion and action. The council works with all its members to promote payments industry growth and to support our national goals of 'less cash society' and 'growth of financial inclusion' which is also the vision shared by the Reserve Bank of India (RBI) and Government of India. PCI works closely with the regulators, the finance ministry and similar government departments, bodies or institutions. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

India , Mumbai , Maharashtra , Harshil-mathur , Bharat-billpay , Naveen-surya , Sahil-kini , Pranay-jhaveri , Taj-santacruz , Ramakrishnan-gopalan , Christophe-mariette , Noopur-chaturvedi

Adani Wilmar posts 60 pc decline in Q4 profit

The revenue went down 7 per cent to Rs 13,873 crore, against Rs 14,917 crore in the corresponding quarter in the previous year.

Mumbai , Maharashtra , India , Adani-wilmar , Angshu-mallick , Earnings-before-interest , Wilmar-limited , D-amp-ceo , Dani-wilmar , Rofit-after-tax , Bitda , Evenues

Lenovo IT4SMB Campaign, in association with The Economic Times, Highlights the Changing Landscape of Technology and Its Transformational Power

New Delhi [India], February 28 (ANI/Mediawire): The Hyderabad Summit hosted highlighted the rapidly evolving technology scenario in India and its exponential growth potential for small and medium businesses. From highlighting technology as a great leveller for companies to decoding the technologies needed to accelerate business growth; a special summit on the trends in the space of technology and innovation, "Lenovo IT4SMB Summit, in association with The Economic Times", explored the tech landscape from the perspective of small and medium businesses. The summit was recently held in Bangalore, after a very successful launch in Hyderabad. The summit started with Shailendra Katyal, Managing Director, Lenovo India setting the tone by focusing on the non-linear growth potential of SMBs by tapping into technology and the role Lenovo can play in this transformation. In his special address, Mr Katyal highlighted that "apart from hardware where we are global leaders; Lenovo is now leading the way in business solutions and services. Everything from pocket to cloud is what we are now offering to companies, particularly SMBs, which will empower them in their next phase of growth." The keynote address by Naveen Tewari, Founder & CEO, InMobi Group highlighted the infinite growth prospects for the Indian economy and the opportunity for Indian entrepreneurs to emerge as global leaders if they are able to stay ahead on the innovation curve. "We live in a world that is rapidly changing with major technological changes happening where I see software built by Indian companies dominating the global landscape. I feel Indian companies don't need to be at the backend anymore, but should be at the forefront of all major technological changes. If Indian entrepreneurs follow this mantra, then in the next 10-15 years, I think thousands of globally competitive companies will be based in India," said Tewari. The summit then flowed into a fire side chat on 'Technology as a leveller: Enterprise versus Start-up', followed by a focused panel discussion on 'Technologies to Accelerate Business Growth'. 'Technology as a leveller: Enterprise versus Start-up' The ability and power of technology to bridge the gap of scale between large corporations and start-ups is one of the defining aspects of the need for SMBs to partner with technology companies for future business strategy. The issue was analysed by prominent panellists representing the two ends of the spectrum, with Dilip Jose, MD & CEO, Manipal Health Enterprises representing the view of large corporations and Chaitanya Ramalingegowda, Co-founder & Director, Wakefit providing the view of starts up. Mr Jose stated, "Large companies are able to assess the transformation due to technology through the use of proxies. One such proxy is average length of stay. At Manipal, this matrix has gone down from four days 3 years back to 2.9 days. This is due to process innovation and successful technological applications." Meanwhile, Ramalingegowda provided his insights on the importance of technology for start-ups to remain competitive in a tough business environment. "Start-ups are agile and respond almost real-time to evolving market dynamics. Starts-ups rely on daily consumer interactions to build their businesses where customer feedback is regularly incorporated into their business models," said Ramalingegowda. 'Technologies to Accelerate Business Growth' The panel session had industry stalwarts, who deliberated on how business growth can be accelerated with the help of technology tools. As the business world becomes more crowded and competitive, SMBs require tools that empower them to innovate, collaborate and anticipate what's next in their growth trajectories. This was clearly highlighted in the discussion. "With the help of technology, we were able to save at least two-thirds of the costs of our clients than what they would have originally spent. This is due to the role that technology plays in running our business," said Srividhya Srinivasan, Co-founder, Amagi. While tech budgets for SMBs are driven by financial constraints, these companies make tech investments that support key business priorities, which includes everything from attracting new customers, expanding supply chains to improving employee productivity and checking fraudulent practices. "One of the biggest applications for Meesho is the use of AI for personalisation experience for our customers. It is through the use of AI that Meesho is able to ensure customer preferences are factored in when they come on our platform, increasing engagement and customer spends. The other key usage of technology is in the area of fraud detention," Kirti Varun Avasarala, Chief Product Officer, Meesho. Summing up the session, Rahul Sasi Co-founder & CEO CloudSEK, said, "Going forward it is technology that will allow SMBs to leapfrog. One of the key technologies of the future will be 'prompt engineering'. This is the technology to interact with AI, identifying its functionalities and ensuring the best possible outcome. Prompt engineering will be to ensure the most productive outcome of AI." The summit, which had the who's who of Karnataka Inc. in full attendance, culminated with the IT4SMB awards ceremony. These awards recognise those SMBs in Karnataka that have demonstrated exceptional technology excellence. The awardees are companies that are leading the way for greater tech adoption amongst SMBs. The jury comprised of Satyavrat Mishra, Head Corporate IT, Godrej Industries, Amit Saluja, Senior Director and Head NASSCOM, Gandhinagar, Abhay Bapna AVP IT, Adani Wilmar and Manoj Chugh, an IT veteran. IT4SMB awards were given to ten companies across six different categories. Afser Shariff, Co-Founder & CEO of Dfine Bio-Innovations was judged as the winner as the 'Emerging SMB'. First runner-up in the same category were Sandip Panda, Co-Founder & CEO and Prashanth Guruswamy, Co-Founder & Head of Sales of Instasafe Technologies. Chetan Kasim, Co-Founder & CEO, Valenta AI was adjudged the second runner-up in the 'Emerging SMB' category. Shivakumar Ganesan, Co-Founder & CEO of Exotel Techcom was awarded the winner in the 'Small Sized Business' category. Satish Kannan and Enbasekar D, Co-founders and CEO of Medibuddy were adjudged as the runner-up in the same category. In the 'Mid-Sized Business' category, Siddhartha Nihalani, Abhinav Lal and Shashank ND, co-founders of Practo Technologies were adjudged as the winners. In the 'SMB Leader of the year' category, Chandrashekar Bharathi, founder and MD and Madhusudan N Kestur, Director of Acemicromatic Mit were declared the winner. Colonel Ravi Bhushan Gupta, CEO of Ruralshores Business Services was the runner up in the same category. Venkatraman Umakanth, Vice President and Head - Analytics & IT of Vee Technologies was judged as the 'SMB CTO/CIO of the year'. Pavithra YS, Managing Director of Vindhya E-Infomedia was given a 'Jury Special' award. This story has been provided by Mediawire. ANI will not be responsible in any way for the content of this article. (ANI/Mediawire)

Hyderabad , Andhra-pradesh , India , Gandhinagar , Gujarat , Bangalore , Karnataka , New-delhi , Delhi , Manipal , Shailendra-katyal , Srividhya-srinivasan

ELECRAMA-2023 concludes with record Business Queries worth 10 Billion USD

New Delhi [India], March 2 (ANI/NewsVoir): ELECRAMA 2023 concluded on a high note with the generation of 10 billion USD business queries, 3,50,000 footfalls, and 1000+ exhibitors, including 700 buyers from 75+ countries and 300+ domestic buyers. The biennial event got off to an electrifying start with a powerful speech from RK Singh, Minister of Power, New and Renewable Energy, Government of India. The energetic spirit of the event was carried forward by Piyush Goyal, Minister of Commerce and Industry, Government of India, who was part of a special, engrossing session on Day 4. Key dignitaries present during the five days were Jean-Paul Tricoire, Global CEO, Schneider Electric, Satish Pai, Managing Director, Hindalco Industries, Luc Remont, Global CEO, EDF France, Dr Steffen Koch, Minister - H.O.D, Germany, Alok Kumar, Secretary, Ministry of Power, Alex Kamau Wachira Principal Secretary Min. of Energy, Kenya, Srikar Reddy, Joint Secretary, Ministry of Commerce, Ghanshyam Prasad, Chairman CEA, Vishal Kapoor, CEO, EESL, Anil Rawal, MD & CEO, Intellismart, Vera Silva, Global CTO, GE, Robert H.K Demann, Head Operang Co., Siemens Smart Infra, Sonam Wangchuk, Innovator and Reformist and Amit Jain, CEO, Cardekho.com. The five-day Showcase also hosted the 5th Reverse Buyers Sellers Meet (RBSM). In this edition of RBSM, the participants included 700 buyers from over 75 countries, representing government utilities, railways, traders, importers, EPC contractors, large OEMs, and manufacturers. Buyers from Africa, ASEAN, CIS, SAARC, Middle East, Europe, North East Asia and North America visited and had one-on-one meetings with exhibitors at ELECRAMA-2023. For the first time Buyers from Europe, North America and Far-East were present ELECRAMA for the RBSM meetings. The event also featured the Domestic Buyers Sellers Meet (DBSM), which allowed for B2B meetings between Indian manufacturers and procurement heads representing 300+ officials from 90+ utilities and 35 non-utilities players from Railways, Defence, Metro, Smart Cities, large PSUs, e-mobility segments, MEPs, EPCs, to outline their procurement requirements. Nearly 500 engineers from utilities and non-utilities from the south, west, north, east, and north-east states took part in the DBSM meetings. This year RBSM and DBSM witnessed 10000 pre-scheduled meetings through the App, 5000 on spot walk-in meetings and Lakhs more at exhibition stalls. "ELECRAMA 2023 witnessed overwhelming response from our global partners not only restoring its faith on the Indian growth story but also giving a strong impetus to the local industry for being the leading powerhouse of the segment for the next decade. IEEMA signed seven MoUs with various International Association to strengthen its position in the global arena," said Mr Rohit Pathak, President, IEEMA. "As expected we have generated a record-breaking business queries worth 10bn USD and this is a very positive sign for small to big players in the industry. Basically, this means there's more business for everyone across verticals of the electrical and electronic industry," said Mr Jitendra K Agarwal, Chairman, ELECRAMA 2023. Charu Mathur, Director General, IEEMA, said, "Staying true to its theme 'Reimagine energy for a sustainable future', the 15th edition of ELECRAMA was truly diverse as it transcended beyond sectors in the power and electrical industry including renewables, automation, Railways & Defence and green hydrogen among others. Our main focus for this edition was on the improving visitor services for better experience we have introduced services like Smart App, Digital displays, Shuttle Services to name a few. As ELECRAMA 2023 comes to a close, we, at IEEMA, intend to return with a bigger and more impactful edition in 2025." Among the many firsts, the 15th edition of ELECRAMA for the very first time, unveiled one-of-its-kind of Startup challenged Awards named as Electraverse sparks to recognise top 12 climate tech start-ups after rigorous screening of about 100 start-ups in the field of advanced electric mobility, future engines of decarbonisation and low carbon cooling. Out of the 12 applications which were invited to showcase their ideas and innovations at ELECRAMA 2023, esteemed jury selected the top three winners who received a lucrative cash prize of Rs 10 lakh, Rs. 5 lakh and Rs. 5 lakh respectively. Another first was the signing of seven international MoUs with various Associations which can further strengthen IEEMA's position on the global arena. The MoUs were signed with Australia India Business Council, Institute of Management Consultants Bangladesh (IMCB), Vietnam Association for Supporting Industries (VASI), Vietnam Electronics Industries Association (VEIA), Zambia Chamber of Commerce & Industry, Bangladesh Electrical Cables Manufacturers Association (BECMA), Davao Chamber of Commerce and Industry, INC ( DCCCII ) and Indo Myanmar Chamber of Commerce. The event also showcased a myriad of innovative, futuristic technologies covering the complete electricity ecosystem, from generation, transmission, and distribution to power electronics, renewables, e-mobility, automation, and power storage. These newly launched solutions powered by artificial intelligence, machine learning, and blockchain will take the power sector to the next level. ELECRAMA is the flagship showcase of the Indian Electrical and Electronics Industry and the largest congregation of the power sector ecosystem in the world. ELECRAMA brings together the complete spectrum of solutions that power the planet from source to socket and everything in between. Featuring not just equipment and technology but peerless thought leadership platforms for everything electric, from technical conclaves to industry summits, IEEMA is the apex association of manufacturers of electrical, industrial electronics, and allied equipment in India. Founded in 1948, IEEMA members contribute to more than 95 per cent of the power equipment installed in India. The Indian electrical equipment industry has a size of USD 50 billion with exports of USD 8.5 billion, and the power equipment share in the capital goods industry is about 50 per cent. IEEMA plays a crucial policy advocacy role with the government and its agencies. IEEMA evolves and operates an equitable and uniform PVC Clause, and due to its unbiased approach, IEEMA PVCs have gained recognition and credibility over the last three decades. IEEMA holds product-specific conferences, seminars, and large exhibitions like ELECRAMA, distribuELEC, and E3. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Germany , United-states , Vietnam , Republic-of , Davao , Davao-city , Philippines , India , Kenya , New-delhi , Delhi , France

Industry Titans Mukesh Ambani, Gautam Adani, K.M. Birla, and many more to congregate for the AP Global Investment Summit Ahead of Significant Announcements

Visakhapatnam (Andhra Pradesh) [India] February 27 (ANI/NewsVoir): Andhra Pradesh is gearing up to host the Global Investment Summit, a highly anticipated event on March 3rd and 4th, 2023 and will bring together prominent dignitaries from different industries around the world. The summit provides a platform for investors and industrialists to announce their investment plans in the state of Andhra Pradesh, which has emerged as India's fastest-growing state under the dynamic leadership of Chief Minister Y.S. Jagan Mohan Reddy. Before the summit, Y.S. Jagan Mohan Reddy, Chief Minister, Government of Andhra Pradesh stated, "We have the second largest coastline in the country with six operating ports and four more will be operational soon. We have six airports connecting the important cities of the country and AP will have three industrial corridors out of 11 in India covering 80 per cent of the districts." The inaugural session of the summit will feature keynote addresses from Mukesh Ambani, Chairman & Managing Director, Reliance Industries Ltd; Gautam Adani, Chairman, Adani Group; K.M. Birla, Chairman, Aditya Birla Group; Hari Mohan Bangur, Chairman, Shree Cement Ltd.; Sajjan Jindal, Chairman, JSW Group; Sanjiv Bajaj, Managing Director & CEO, Bajaj Finserv; and Naveen Jindal, Chairman, Jindal Steel & Power Ltd. On the first day of the March 3rd summit, post the opening ceremony, panel discussions will be organised to highlight all of the essential sectors. G.M. Rao, Chairman, GMR Group; Sajjan Bhajanka, Chairman, Century Plyboards; Sumant Sinha, Chairman & Managing Director, Renew Power; Puneet Dalmia, Managing Director, Dalmia Bharat Group; Cyrill Gutsch, Founder & CEO, Parley for the Advisors Oceans; Craig Cogut, Founder & CEO, Pegasus Capital; Martin Eberhard, Co-founder & Former CEO, Tesla Inc; Satya Tripathi, Secretary General, Global Alliance for a Sustainable Planet; and Arjun Oberoi, Executive Chairman of Oberoi Group will discuss the opportunities offered by Andhra Pradesh. The Chief minister has emphasized the state government's commitment towards the betterment of the state. He had stated, "Which government in Independent India has delivered on its promises like us? Without corruption or leakage, a direct benefit transfer of over Rs. 1.92 lakh crore has been given covering every segment. The disbursed amount is a record in terms of state GDP and revenue to per capita benefit per citizen. And not a single promise made before elections has been ignored." On March 4, the second day of the summit, industrialists and the AP government will sign memoranda of understanding for setting up industrial units in various sectors. B2B meetings will be organised to promote interaction between potential investors and major industry players to facilitate investments. Industry-focused sessions will take place, including discussions on disease prevention led by Dr Suchitra Ella, the founder and chairman of Bharat Biotech, and a talk on leading the revolution in pharmaceutical research and development by Dr Satish Reddy, the chairman of Dr Reddy's Laboratories. There will also be a discussion on the advantages of Andhra Pradesh led by Shri Rajesh Mandawewala, the managing director of Welspun Group. There are several global industries that have set up shops at Andhra Pradesh already and have very encouraging words for the state government. Tae Jin Park, MD & CEO, of KIA Motors, shared that KIA has become the top automobile manufacturer in India's auto industry, producing 3 lakh cars per annum and generating employment opportunities for around 10,000 people across KIA India and vendor partners. "Over five years, KIA has invested Rs. 10,000 crores in Andhra Pradesh, and the state government has provided significant support, in land acquisition, power availability, and connectivity to ports. The government's commitment to the automobile industry has been a crucial factor in encouraging KIA to invest in the state. The government has taken essential steps to develop and nurture the automotive chain by providing resources and infrastructures to set up operations," Park said. Tae Jin Park also conveyed his appreciation for the government of Andhra Pradesh for their support during the difficult times of the COVID pandemic, which allowed them to manufacture cars safely. "This has reinforced our trust in the state's ecosystem and strengthened our commitment to it. The state of Andhra Pradesh has provided us with ample land facilities, which has enabled us to build world-class car manufacturing facilities, including electric vehicles. The state's ease of connectivity, including its proximity to major ports such as Visakhapatnam and Chennai, has helped us sell our cars not just across India, but also across 95 countries in the world," he added. Similarly, Deepak Iyer, President of Cadbury India, has expressed his gratitude towards the Andhra Pradesh government for offering one of the best single-window clearance systems in the country. He stated, "Having conducted business across the country for many years, we can attest that this is among the best systems we have encountered." Iyer shared that they operate the largest chocolate manufacturing site in the Asia Pacific region in Sricity, Andhra Pradesh. "We have invested over Rs. 2500 crores, and created over 600 direct jobs, as well as numerous indirect jobs in transportation, warehousing, and distribution. It is worth noting that approximately 50 per cent of our machine operators are women, whom we have recruited and trained from small villages across Andhra Pradesh to operate our state-of-the-art factory. Furthermore, we take great pride in our commitment to hiring local talent, with 80 per cent of our factory employees being from the surrounding communities," he revealed. Apart from manufacturing, Iyer highlighted that they also cultivate cocoa in multiple districts of Andhra Pradesh, such as East Godavari, West Godavari, Vizag, and Vijaynagar. "We work with approximately 3000-4000 farmers each year to grow cocoa, a crop that requires minimal land and can be grown between coconut and palm trees. Together, we produce between 8000-9000 tonnes of cocoa annually," he added. Yamaguchi, MD & CEO of Toray Industries shared that their company invested Rs. 1000 crore in Andhra Pradesh and established two business units, which were PP spun bond and engineering plastics. He informed, "Unfortunately, shortly after commencing operations, the COVID-19 pandemic forced us to temporarily shut down. However, with the immense support we received from the AP government, we were able to resume production in June 2020 and have been operating ever since. As part of our mid-term and long-term business plans, we have decided to invest in a new business unit in the south of AP. We are currently assessing our facility and production capabilities, with the goal of more than doubling them." The summit will also feature keynote addresses from several Union Ministers from the Government of India, including Nitin Gadkari, Union Minister of Road, Transport & Highways, Govt. of India; Piyush Goyal, Union Minister of Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles, Govt. of India; R.K. Singh, Union Minister of Power and New & Renewable Energy, Govt. of India, and G. Kishan Reddy, Union Minister of Culture; Tourism and Development of North Eastern Region, Govt. of India. They will address the summit and highlight the progress made and investment opportunities present in different sectors. On day two of the summit, there will be several industry-focused sessions such as a discussion on Andhra's role in India's tech & data edge led by Rajeev Chandrasekhar, MOS - Electronics & IT, India; a conversation on how Andhra can power India's sea trade by Sarbanand Sonowal, Minister of Ports, Shipping, & Waterways. The GIS 2023 is expected to be attended by delegates from over 40 countries, making it a truly global platform for businesses to exp

Visakhapatnam , Andhra-pradesh , India , Andhra , Vizag , Chennai , Tamil-nadu , West-godavari , East-godavari , Bharat , Nitin-gadkari , Gautam-adani