Category: Business

New Delhi (India) July 9 : The flagship platform for Taiwan-India economic and cultural exchanges, “Taiwan Expo in India 2024,” returns to New Delhi, the capital of India, after a five-year hiatus. The 7th edition of the Taiwan Expo India 2024 encompassing exhibitions and networking events was inaugurated on Monday, July 8, 2024 led by Cynthia Kiang, Director General of the International Trade Administration (TITA), and James Huang, Chairman of Taiwan External Trade Development Council (TAITRA).

120 Taiwanese companies are exhibiting grandly at the Bharat Mandapam (Pragati Maidan), Hall number 2. The opening ceremony is graced by distinguished guests, including Mr. Lalduhawma, Chief Minister, the Indian State of Mizoram; Honorable Mr. Sujeet Kumar, the Member of Parliament, representing the State of Odisha; Mr. Manish Sharma, Chairman of the Electronics Manufacturing & Energy Storage Committee of the Federation of Indian Chambers of Commerce & Industry(FICCI); Mr. Rajoo Goel, Secretary General, Electronic Industries Association of India(ELCINA); Bau Shuan Ger, Representative, Taipei Economic and Cultural Center in India(TECC); and prominent Taiwanese business leaders. More than 150 guests and media representatives attended the event.

James Huang, Chairman of TAITRA, in his speech, stated that since 2018, India has risen in the global manufacturing sector, offering excellent services that align with international trends and becoming a popular regional manufacturing hub. Taiwan, as a strong player in chip manufacturing, aims to enhance supply chain resilience and is set to collaborate with India to establish a wafer fab, perfectly aligning with the “Make in India” initiative. With Taiwan’s AI prowess, the “Digital India” and “Smart Cities” initiatives will lead Taiwan and India to set new milestones in the global technology manufacturing industry.

Cynthia Kiang, Director General of TITA pointed out that India is currently the world’s second-largest manufacturer of footwear and textiles. With the global brands’ “China+1” strategy taking effect, India has become a production base for supply chain relocation. This year, TITA introduced an innovative approach of “Cross-Industry Alliances,” integrating petrochemical, machinery, and textile industries for joint marketing promotion. At this Expo, TAITRA and the Taiwan Textile Federation established the “Smart Manufacturing Pavilion” and the ” Sustainable & Innovation Textile Pavilion,” showcasing Taiwan’s intelligent and efficient solutions in petrochemical, shoemaking, and textile processes to demonstrate Taiwan’s industrial energy and capture vast business opportunities in India.

Bau Shuan Ger, Representative of TECC in India, expressed his belief that the longstanding partnership between Taiwan and India will continue to strengthen, further impacting the dynamic global market. Mr. Lalduhawma, Chief Minister of Mizoram State, who attended the opening ceremony, highlighted Taiwan’s role as a significant global industrial hub and emphasized the limitless potential for future bilateral cooperation.

To help more excellent New Taipei City enterprises expand into the Indian market, Chu, Tih-Ju, Deputy Mayor, of New Taipei City Government, and Amy Ho, Commissioner of New Taipei City Government, Economic Development Department led 20 well-known businesses to establish the “New Taipei City Pavilion,” focusing on smart cities, electronics and machinery manufacturing, smart healthcare, and e-sports, targeting India’s industrial needs and green transformation opportunities.

On the first afternoon of the expo, TAITRA held the “Taiwan-Japan Business Cooperation Seminar and Matchmaking in India,” inviting representatives from the Japan External Trade Organization (JETRO) New Delhi office, major Japanese trading companies Sumitomo and Marubeni, Japanese companies Panasonic, Delta Electronics, and Ahamani to share their experiences in the Indian market. The business meeting that followed focused on electronics, smart mobility, and smart manufacturing industries, seeking further trilateral cooperation opportunities between Taiwan, Japan, and India. Robert Hsieh, Deputy Representative from the TECC in India, and Kyoko Hokugo, minister (Economic and Development), Embassy of Japan were also present to deliver speeches.

Taiwan Expo 2024 in India, held from July 8 to 10, offers Taiwanese companies a prime opportunity to showcase their top products in New Delhi. This year’s Expo features 12 pavilions across key sectors such as Electronics Manufacturing, Medical and Biotechnology, Smart Lifestyle, Smart Manufacturing, and more, providing an interactive experience with diverse products. The event is 1.6 times larger than last year’s in Mumbai, with enterprise participation nearly back to pre-pandemic levels. Highlight pavilions, organized by Taiwan’s central ministries, local governments, and industry associations, underscore the importance of the Indian market. Notable examples include the Taiwan Visitors Association promoting tourism and the Taipei Computer Association’s Innovation Pavilion showcasing high-tech smart solutions and AIoT products.

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Mumbai (Maharashtra) July 9 : Sheth Realty, a pioneering force in the real estate sector, is set to inaugurate its maiden redevelopment venture in the heart of Mumbai, at the vibrant locale of Sion. The project, sprawling across approximately 2 acres, promises a blend of premium residential spaces, retail outlets, and a serene temple nestled within the premises.

With an investment exceeding INR 150 Crore, this ambitious endeavour boasts a substantial topline of approximately INR 1000 Crore, reaffirming Sheth Realty’s commitment to delivering excellence in every aspect of urban development. The total project cost is estimated at around INR 500 Crore, underscoring the magnitude of this undertaking.

In a strategic partnership with Aakshya Group, a distinguished construction service enterprise renowned for its forward-thinking approach, this joint venture signifies a convergence of expertise and innovation. Aakshya Group’s stellar track record in managing large-scale projects aligns seamlessly with Sheth Realty’s vision for transformative urban landscapes.

The project features exclusive Grand 2 & 3 Bed Residences with deck, catering to discerning individuals seeking sophistication and comfort. Spanning from 620 to 1100 square feet, these residences epitomise luxury living at its finest.

Over 40 meticulously curated amenities, spanning three levels – Ground floor, Podium, and Sky Promenade – promise residents an unparalleled lifestyle experience. From a sprawling infinity swimming pool on the rooftop to a state-of-the-art gymnasium and banquet hall, every facet of modern living has been meticulously considered.

Environmental sustainability lies at the core of this development, with initiatives such as solar panels, energy-efficient lighting, rainwater harvesting, and a sewage treatment plant ensuring a greener tomorrow. The strategic location offers easy access to prominent CBDs, making it an ideal choice for both residents and investors alike.

Mr. Chintan Sheth, Chairman and Managing Director- Sheth Realty expressed his enthusiasm on their new project in the Sion district terming it as   a significant milestone in Sheth Realty’s journey. With a focus on quality, innovation, and community-centric design, Sheth Realty is  confident that this project will set new benchmarks in urban living.

The project has been launched on May 25, 2024, is projected to be completed within four years from the commencement of construction. With attractive pricing and flexible payment plans, Sheth Realty aims to cater to the diverse needs of the market while upholding its reputation for quality and timely delivery. As Mumbai’s most sought-after destination undergoes a transformation, Sheth Realty’s presence in Sion signifies not just a real estate venture, but a gateway to a lifestyle synonymous with luxury and convenience.

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New Delhi (India) July 9 : In a heart-warming initiative to support the unsung heroes battling the sweltering heat while ensuring smooth traffic flow, Glucon D and MY FM collaborated to launch “Thakaan Gone, Energy On” in Ahmedabad. Presented by Glucon D and powered by 94.3 MY FM, with the backing of the Ahmedabad Traffic Police, this initiative aimed at providing much-needed refreshment, hydration & energy to the dedicated on-duty traffic policemen.

Amidst soaring temperatures, the initiative kicked off with a ceremonial inauguration at the Police Commissioner’s office in Ahmedabad. The event was graced by esteemed dignitaries including Police Commissioner Shri Gyanendra Singh Malik, JCP Traffic Ahmedabad Shri Narendra Chaudhary, and DCP Traffic Shafin Hasan, alongside the entire team of MY FM. 

This initiative was spread across 15 days catching millions of eyeballs, reaching to 20000 Ahmedabadis with a refreshing glass of Glucon D, 3000 traffic policemen every afternoon across 60 major cross roads. This initiative also garnered a cumulative reach of over 5 million people on social media videos grabs during the campaign.

One of the highlights of the activity came when the GLUCON D branded truck visited thousands of on-duty traffic enforcers stationed around the Narendra Modi Cricket Stadium during the IPL playoffs last month. Glucon D seized the opportunity to extend its support to thousands of dedicated officers ensuring that they remain energized and hydrated throughout their duty hours.

The core concept revolved around serving chilled glasses of Glucon D to the on-duty traffic police personnel apart from commuting Ahmedabadis, offering instant energy and hydration to combat the scorching heat.

Through “Thakaan Gone, Energy On,” GLUCON D not only provided physical refreshment but also boosted morale and recognized the tireless efforts of those who keep Ahmedabad moving safely.

Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading Railway infrastructure company offering services in laying of track, signalling, electrification and telecommunication in the Railway Industry is proud to announce that it has signed a Memorandum of Understanding (MOU) with UNECO Co. Ltd, a South Korea-based company engaged in the manufacture and sale of industrial machineries, to establish a Composite Sleeper Plant in India. With the estimated cost of Rs. 400 crores, this plant will be located in Nagarnar, near the NMDC Steel Plant in Madhya Pradesh.

• The plant will be set up in Madhya Pradesh with the estimated cost of Rs. 400 crores
• Earlier, the company had bagged $500 mn deal for world’s longest cable car project in Nepal

Elaborating the details about the development, Mr. Amit Bansal, Joint MD and CEO, K&R Rail Engineering Ltd said “We are immensely happy to announce signing an MOU with UNECO Co. Ltd. Under the MOU, this facility will cater to the needs of Indian Railways, DFCC/METROs, Public Sector Undertakings (PSUs), and private corporations. This collaboration with South Korean major will see the execution of a Composite Sleeper Plant specifically designed to service the diverse clientele mentioned above. The project is expected to be completed within a timeframe of 48 months.”

K&R Rail Engineering Ltd, India’s only end-to-end solutions provider specializes in providing comprehensive services for the establishment of private railway sidings on a turnkey basis, encompassing various construction activities related to railway infrastructure. These services include conducting independent engineering surveys, planning, and project management for private entities. The company undertakes projects across a range of industries such as steel, aluminium, thermal and captive power, major ports, and cement factories. The company has some notable clients like ACC Ltd, BHEL, GMR, JSW, Dalmia Bharat to name a few.

Earlier, K&R Rail Engineering signed an MoU for execution of the world’s longest cable car project in Nepal with Muktinath Darshan Private Limited. With an estimated cost of USD 0.5 mn, the cable car will connect the Holy Shrine of Muktinath Temple in Gandaki province of Nepal. This project will facilitate thousands of devotees who trek through elements to an altitude of 3,700 metres every year to reach the Temple of Muktinath.

In terms of financial performance, the company recorded a net profit of Rs. 1.05 crores, total income of Rs. 144.72 crores and EPS of Rs. 0.50 in Q3 FY24 ended in 31 December, 2023. For the FY2023, the company saw net profit of Rs. 5.27 crores, total income of Rs. 308.20 crores and EPS of Rs. 3.34.

K&R Rail has successfully executed Railway projects in the tune of more than Rs. 2,500 crores and has executed Railway Embankment work of more than 20 Lacs Cum. The company has given consultancy to Railway projects for handling more than 50 MTPA traffic in Indian Railway. It has recently added of some very niche product lines which are highly margin accretive and volume potential. The company is expecting 25% contribution of these value-added products by FY25.

K&R Rail has also opened another subsidiary known as “Robsons Engineering & Constructions Pvt. Ltd” to meet the domestic and Global trade requirements to the countries directly from the Indian sub-continent. The company is working towards utilizing the existing strengths to address the markets and augmenting it capacities both in terms of offered services and products.

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New Delhi (India), July 9:  At the Global Conclave on Plastics Recycling and Sustainability (GCPRS) that took place from July 4th to 7th, 2024, in New Delhi, Rudra Ecovation Ltd. and Shiva Texfab, a leader in sustainable innovations and plastic recycling participated as an exhibitor and made a significant impact. This International exhibition was organized by the All India Plastic Manufacturers’ Association (AIPMA) and the Chemicals and Petrochemicals Association (CPMA). The exhibition focused on the latest trends and business opportunities in plastic recycling and sustainability, attracting industry leaders, innovators, and stakeholders from around the world.

Today all major brands and corporations are not only promoting recycled sustainable products but have pledged to utilize recycled raw material in their production processes which is leading to an increased demand for high-performance and quality recycled products for mass usage; here Rudra Ecovation and Shiva Texfab can be seen as a solution provider to big brands with a state-of-the-art facility in Ludhiana, covering 100 acres for land area, with one of the largest integrated plastic recycling plants in Asia.

Rudra Ecovation follows a unique philosophy of 100% utilization of waste sourced for manufacturing its products like Anaura (rPET Fabric), Non-woven, Home furnishing, Filament yarn, Spun Yarn, rPET Fibre and rPET Flakes as well as innovative products like Acoustic Panels. The company showcases of Anaura and Anaura Home furnishing products made from recycled plastic waste. The exceptional quality and innovative design of these products captivated the invitees, who expressed their appreciation and praise for the impressive range on display.

Currently, Rudra Ecovation and Shiva Texfab Plant proudly carries production capacity for Spun Yarn, Filament Yarn, Anaura (rPET fabric), POY, Technical textiles (fabric) and Technical textiles (Carpets), rPET fiber. Along with this Rudra Ecovation and Shiva Texfab are in the expansion phase, They have invested in new technology and machines for rPET fabric and non-woven carpet printing focusing on creating “Make in India” alternatives to Chinese imports for sustainable products and synthetic fabrics.

Additionally, Rudra is working on integrating AI for advancements in their manufacturing processes for the production of Anaura (rPET Fabric) and other technical textiles to meet the quality and precision requirements of international brand standards. 

Currently, the Company is in discussions with various large corporations and brands to supply Anaura as a raw material for the supply of uniforms and other home furnishing items.

“The interest and inquiries we received so far reaffirm the industry’s shift towards more sustainable practices. We’re excited to collaborate with new partners and continue our mission to innovate and lead in the field of plastic recycling and sustainable products” – Ishani Malhotra, Chief Marketing Officer, Rudra Ecovation Ltd.

Shiva Texfab and Rudra Ecovation’s contribution to environmental sustainability is notable, with a recycling capacity of up to 8.8 million plastic bottles daily. This effort prevents around 145,525 metric tons of CO2 emissions annually, significantly reducing plastic waste and greenhouse gas emissions. The company manages the entire recycling value chain, from waste collection to the production of high-performance end products.

For more information, kindly visit the website https://rudraecovation.com

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Chandigarh (Punjab) (India) July 8 : The real estate market in India has been experiencing a significant shift, with Tier 2 cities emerging as the new hotspots for investment. Renowned real estate advisor Kunal Sharma, founder of Kunal Realty and based in the Tricity area encompassing Mohali, Chandigarh, and Panchkula, envisions a promising future for these cities. Sharma believes that rapid urbanization, growing disposable incomes, and substantial infrastructure development are creating a favourable investment environment in these regions.

The Rise of Tier 2 Cities

Tier 2 cities like Mohali, Zirakpur, and New Chandigarh have become prime locations for quality residential and commercial0020development. These cities are not only attracting investors but are also seeing substantial returns. “Investors have got high returns in the last three years and will continue to see valuation growth in their portfolio owing to sustained demand,” says Sharma.

A report by CREDAI-MCHI highlights that cities like Mohali and Zirakpur are part of a broader trend where Tier 2 cities are witnessing a real estate renaissance. This growth is driven by factors such as population expansion, infrastructural advancements, and a younger demographic seeking comprehensive living experiences.

Investment Opportunities and Returns

Tricity and its satellite towns offer a wide range of real estate investments catering to varied preferences and budgets. The region’s real estate market is diverse, encompassing luxury properties, affordable housing, and commercial spaces. Sharma notes, “Real estate prices are poised to appreciate further along with high rental yields. Investors, keen on capitalizing on Tricity’s growth, can expect high returns in the coming years.”

At Kunal Realty, Sharma has observed a surge in demand for integrated townships, low-rise independent floors, and plotted developments, reflecting the evolving aspirations of homebuyers. These developments offer a blend of residential, commercial, and recreational spaces, catering to the modern homeowner’s desire for holistic living.

Government Initiatives and Infrastructure Development

Government initiatives such as the Smart Cities Mission are playing a pivotal role in fostering the growth of Tier 2 cities. Substantial investments in infrastructure, including improved transportation networks, construction of airports, highways, reliable power supply, and robust communication networks, are propelling these urban centres forward.

In the Tricity area, infrastructure development has been a key driver of real estate growth. “Rapid urbanization, growing disposable income, and infrastructure development in and around Tricity have created a favourable investment environment,” asserts Sharma. Kunal Realty has been at the forefront of this growth, leveraging these developments to offer premium properties that meet the rising demands of investors and residents alike.

As Tier 2 cities continue to develop and attract investment, they are poised to become the next big hubs in India’s real estate landscape. The vision of experts like Kunal Sharma and the strategic initiatives of Kunal Realty highlight the potential for high returns and sustainable growth in these regions. With favourable government policies, robust infrastructure, and a burgeoning middle class, the future of real estate in Tier 2 cities looks exceptionally promising.

For those looking to invest in the Indian real estate market, the time is ripe to explore opportunities beyond the metros. As Sharma aptly puts it, “Tricity and its satellite towns offer a wide range of real estate investments for varied preferences and budgets.” The growth trajectory of these cities presents lucrative opportunities for investors and developers alike.

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Guwahati (Assam) [India] July 8: Niki’s Studio, based in Guwahati, Assam, announces the launch of its recent enterprise resource planning (ERP) system, Dash.

Dash enables businesses to seamlessly manage their operations by integrating customer and vendor management, banking, and comprehensive oversight of income and expenses. The system offers sophisticated features for streamlining human resources tasks, including employee management, payroll, leave tracking, and document handling.

Mayank Agarwal, the founder of Niki’s Studio and a veteran entrepreneur, emphasises the importance of data-driven decision-making.

He initially discovered entrepreneurial opportunities by selling stickers and learning essential business tactics from a young age. His passion for technology and problem-solving led him to explore website development and digital marketing, eventually establishing his own agency.

“Dash is not just about efficiently managing office management; it’s about empowering businesses to make informed decisions through visually attractive dashboards and analytics,” he said.

 His approach combines his extensive hands-on experience to leverage technology for business growth.

From his early entrepreneurial ventures in school to establishing a digital solutions agency on January 12, 2024, Mayank has continuously pushed the boundaries of innovation. His agency has already served over 96 clients, delivering cost-effective, high-quality digital marketing solutions.

The platform is geared towards tech startups, educational institutes, e-commerce businesses, CA firms, and various other sectors aiming to enhance their online presence.

Niki’s Studio’s vision is to deliver innovative services that meet its clients’ evolving needs, driven by a blend of affordability and uncompromising quality.

Contact Details:

Email:  hello@nikis.tech

Phone Number: 07316980760

About Niki’s Studio

Established in 2024, Niki’s Studio provides digital solutions that combine affordability with high-quality, innovative approaches. The studio has become a trusted partner for over 96+ clients across various sectors, ensuring their success in today’s competitive digital landscape.

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