17, Feb 2024
Embassy of the Federal Democratic Republic of Ethiopia Hosts An Evening of Love Walk for Humanity
The Embassy of the Federal Democratic Republic of Ethiopia hosted a heartwarming “Love Walk for Humanity” on the eve of Valentine’s Day, February 14, 2024, curated and presented by Dr Sanjanaa Jon.
The Love Walk for Humanity aimed to transcend the traditional celebration of Valentine’s Day by fostering love and compassion for humanity. In a world grappling with conflicts, attacks, and hatred, the event aimed to build a collective love for humanity, extending beyond personal relationships to include care for the environment, animals, and all aspects of life.
Distinguished guests in attendance included Raghav Chandra, Managing Director, Audi Delhi South, H.E Demeke Atnafu Ambulo, Ambassador Extraordinary and Plenipotentiary of Ethiopia to India, H.E Fleming Raul Duarte Ramos AmbassadorofParaguay, H.E Jason Hall, Ambassador of Jamaica to India Ambassador of Venezuela Mrs. Capaya Rodriguez Gonzalez, H.E KL Ganju, Honorary Consul of Comoros, Dimitrius, Greek Embassy, Hissain Omar Saiddon Deputy Chad Embassy, Gokul Ji, Nepal Embassy, Dr. Sanjanaa Jon, Social Activist, Fashion Entertainment, Philanthropist Filmmaker, Philanthropist, Animal Lover, Kiran Chopra Philanthropist, Blossom Kochhar, Chairperson, Blossom Kochhar Group of Companies, Shalu PVR IMAX, DJ Sheizwood, Music Composer, Music Director, Singer, DJ, Dr Aysha Bahabul Bahrain, Rupam Ghosh Violinist Raj Chahar, Pradeep Rai Supreme Court, Dr Vivek Gupta, Mayank Datta CEO Audi DELHI South and other esteemed diplomats, business leaders, and personalities from various fields.
The Love Walk for Humanity provided a unique platform for cultural exchanges, goodwill gestures, and a shared commitment to fostering global unity. The event featured an enchanting evening filled with camaraderie and the spirit of love.
The Embassy extends heartfelt gratitude to all the guests and sponsors, with special recognition to PACT, Audi Delhi South, and Style & Spirituality for their support in making this event a remarkable success. Together, they have reinforced the spirit of love and humanity, embodying the essence of diplomacy and goodwill.
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- By Rabindra
17, Feb 2024
The Manipal Marathon 2024 Paves the Way for Inclusive Society
Manipal, 17 February 2024: The Manipal Marathon 2024, a beacon of inclusivity, recently unfolded with a category dedicated to persons with disabilities, marking a significant stride towards a more inclusive society. In the aftermath of this empowering event, it becomes evident that marathons, with their inherent community spirit and shared challenges, can be instrumental in breaking down societal barriers and fostering genuine inclusion.
Participation in marathons serves as a powerful catalyst for challenging stereotypes and dismantling preconceived notions about disabilities. Actively involving persons with disabilities in mainstream events like marathons not only showcases diverse capabilities but also fosters a more tolerant and accepting society. The emphasis on endurance and collective achievement creates a platform for individuals with disabilities to showcase resilience and determination, fostering camaraderie among participants and promoting understanding. This communal aspect extends beyond the finish line, leaving a lasting impact on societal attitudes towards inclusivity.
In the context of Sustainable Development Goals (SDGs), the Manipal Marathon 2024 contributes significantly to several key objectives. Goal 3 (Good Health and Well-being) is reinforced as participants with disabilities engage in physical activity, promoting overall well-being. Moreover, Goal 10 (Reduced Inequalities) takes a step forward as the marathon actively works towards diminishing the gap between differently abled individuals and the rest of society.
The marathon also aligns with Goal 17 (Partnerships for the Goals) by fostering collaboration between organizers, sponsors, and the community to create an inclusive event. By showcasing the capabilities of persons with disabilities, the event encourages partnerships that can lead to the development of more accessible infrastructure, contributing to Goal 11 (Sustainable Cities and Communities).
Dr H S Ballal – Pro Chancellor & President, Academy of General Education, MAHE, Manipal commented, “In essence, the Manipal Marathon 2024 exemplifies the transformative power of inclusivity within societal frameworks. By integrating individuals with disabilities into mainstream events, marathons become catalysts for change, challenging societal norms, and contributing to the achievement of sustainable development goals. The marathon stands not only as a celebration of physical accomplishment but as a beacon guiding us towards a more inclusive and equitable future for all”.
Lt General Dr MD Venkatesh, Vice-Chancellor of MAHE, Manipal said, “True strength knows no bounds as we came together to witness the incredible spirit and determination of our disabled participants in this marathon. This race is about more than just finishing; it’s about shattering stereotypes, pushing boundaries, and honouring the tenacious human spirit. The strength, resiliency, and steadfast resolve of the people here to follow their aspirations and overcome obstacles is evident in every step they take. As a university dedicated to diversity and inclusivity, we are proud to stand with them and recognize their outstanding accomplishments. Let’s support each other as they push one other to achieve greater things and believe in the potential that lies ahead”.
Dr Sharath Rao, Pro Vice Chancellor – Health Sciences, MAHE, Manipal said, “Through this marathon, we observed the amazing demonstration of strength, tenacity, and pure perseverance among our specially abled athletes in this marathon. These days, we see people redefining what is possible rather than allowing their impairments to define them. They demonstrate the strength of resiliency in every step, motivating us all to overcome challenges and pursue our greatest goals”.
Dr. G Arun Maiya, Dean, MCHP, said, “As we came together to participate in this marathon, we celebrate not only the spirit of athleticism but also the values of diversity and inclusion that unite us. MAHE’s Marathon 2024 is a testament to our collective commitment to creating a community where every individual, regardless of background or ability, feels welcomed, valued, and empowered to participate fully”.
Mahantesh G Kivadasannavar, Founder Chairman and Ms. Shika Shetty, Sports Manager – Samarthanam International in a joint statement said “The collegiate marathon of today is a potent symbol of solidarity and camaraderie, not merely a race. District administrators are motivated by the commitment and zeal exhibited by participants, organizers, and supporters in equal measure. This event encourages inclusivity, companionship, and a common goal in addition to physical fitness. We applaud the institution for its dedication to fostering wellness and health in our neighbourhood and for offering a venue that unites people from many backgrounds. Let’s keep funding programs like these that improve neighbourhood ties and advance a more contented, healthy society for all.”
Rayan Fernandes, Campaign Director at Dearlife Charitable Foundation, Peer Trainer at Ganga Foundation said, “The college marathon honouring inclusivity and diversity is proof of the strength of community cohesion. We acknowledge and celebrate the richness that variety adds to our lives by taking part in this event. Witnessing people from many backgrounds together, shattering stereotypes, and promoting inclusivity via athletics is encouraging. In my capacity as district administrator, I’m happy to back programs like these that encourage fairness, dignity, and comprehension among all societal members. Let this marathon be a source of inspiration and hope for a time when inclusivity and diversity are valued”.
More than 300 differently abled people with locomotor disability on wheelchair and visually impaired participants from various part of the country participated in the Manipal Marathon.
17, Feb 2024
Maharashtra MSME Defense Expo 2024: Elevating the State as a Defense Powerhouse
National, 17th February 2024 – Taking inspiration from the remarkable vision set by the Hon. PM of being self-reliant and Make in India, Maharashtra is pleased to organize its first and perhaps the biggest MSME Defence Expo from 24th-26th of Feb at the Pune International Exhibition and Convention Centre. The expo, proudly presented by Maharashtra Government along with Nibe Limited as the knowledge partner, strategic partners as L&T, Solar Industries, Tata Advance Systems, Bharat Forge, supported by DRDO and DPSU’s, exchange partner NSE and BSE, is poised to be a groundbreaking event, focusing on Land, Airspace, and Maritime Security Systems.
The expo promises to be a landmark occasion with a distinguished gathering of dignitaries. The inaugural day’s agenda includes an illustrious lineup featuring leaders such as Shri. S. N. Subrahmanyan (Chairman and Managing Director, L&T), Shri. Ravi Kant (DPSUs Chairman), Shri. Satyanarayan Nuwal (Chairman Solar Industries), Shri. Baba Kalyani (Chairman Bharat Forge), and Shri. Ganesh Nibe (CMD of Nibe Limited) and more.
Political luminaries including Shri Eknath Shinde, Chief Minister Maharashtra, and Shri Devendra Fadnavis, Deputy Chief Minister Maharashtra will be in attendance along with Industrial Minister Maharashtra, Shri Uday Sawant and Health Minister Maharashtra, Shri Tanaji Sawant. Shri. Ajay Bhatt (Rajya Raksha Mantri and Minister of State for Tourism), Chief of Defence Staff, Chiefs of Tri Services, DRDO Secretary, Dr. Kamat, Joint Secretary Defence Production and other notable personalities will contribute to making the expo a convergence of industry leaders, policymakers, and defense luminaries, setting the stage for collaborative discussions and advancements of the defense sector in Maharashtra.
Event Highlights:
This first-of-its-kind MSME Defense Expo in Maharashtra will bring together over 500 MSMEs, start-ups, and 20,000 engineering students, fostering collaboration and knowledge exchange.
Key Features:
The expo aims to stimulate industry synergy, featuring state-of-the-art technologies and proficiencies in the defense production sector. Attendees can expect lucrative business opportunities, potential deals worth hundreds of crores, and strategic utilization for MSMEs and start-ups in the defense technology export sector. Apart from this DRDO’s technology transfer agreement with MSMEs will also take place. There will be discussion on future challenges in technologies in indigenous development in the defence sector.
What to Expect:
● Lucrative Business Opportunities
● Strategic Utilization for MSMEs and Start-ups: Leverage defense technology exports to connect with Indian buyers, offset OEMs, and other potential buyers.
● Three-Day Exhibition Highlights: 500+ MSME participation, 20,000 footfall, B2B meetings facilitating crucial connections.
● Distinguished Presence: Participation of dignitaries from the Armed Forces, Defence Ministry, and the State government.
Empowering Maharashtra: MSME, Defence, and Technology:
The MSME defence expo aims to elevate the Maharashtra MSME ecosystem to serve the defense production sector, establishing a robust and enduring supply chain foundation for a dynamic MSME network in Maharashtra. It seeks to pave the way for defense manufacturing and exports, catalyzing a powerful ecosystem for the state and nation through the advancement of academia-industry collaborations.
Reflecting on the significance of the Maharashtra MSME Defense Expo, Chief Minister Shri Eknath Shinde emphasized, “This Expo underscores our commitment to fortifying the defense capabilities of our state. With a focus on innovation and collaboration, the event plays a crucial role in our journey towards self-reliance under the Atmanirbhar Bharat initiative of Hon. PM, fostering growth and innovation in the defense sector.”
Deputy Chief Minister Shri Devendra Phadnavis, lauded the collaborative efforts of various stakeholders involved in the Maharashtra MSME Defense Expo, stating, “Commendable is the initiative undertaken by all contributors to the Maharashtra MSME Defense Expo. Such events are pivotal in promoting innovation, collaboration, and driving economic growth. Maharashtra’s steadfast commitment to evolving into a defense manufacturing hub is evident, and this expo will undeniably contribute significantly to bolstering our nation’s security.”
As the expo unfolds, it is poised to be a transformative event, propelling Maharashtra to the forefront of the defense sector, driving economic growth, and ensuring the nation’s security.
17, Feb 2024
Experts deliberate upon the Challenges and Opportunities for Environmental Social and Corporate Governance in Banking, Financial Services and Insurance Sector, at Amity
Amity School of Insurance, Banking & Actuarial Science (ASIBAS), Amity University Noida, organized a National Seminar on the theme, “ESG & BFSI Sector: Challenges & Opportunities”, to inform and educate the students about the challenges and opportunities for ensuring Environmental Social and Corporate Governance in Banking, Financial Services, and Insurance Sector.
Inaugurating the Seminar, Mr. Baldev Prakash, MD & CEO, J&K Bank, averred, “With the increasing challenges of climate change, the idea of sustainability has presumed unprecedented significance, and enforcing environment sustainability is becoming paramount. The major challenges that the insurance sector is facing currently are climate change, poverty and inequality. The government is taking steps to overcome these challenges and ensure sustainable economic development by introducing Green Financial Instruments, Sovereign Green Bonds, and other initiatives. Creating a dynamic environment for the growth and transformation of the insurance and banking sector and strong industry-academic collaboration is required to Environmental, Social, and Corporate Governance (ESG) in the Banking Financial Services and Insurance Sector.”
Addressing the students, Mr. Vivek Jalan, Managing Partner, Willis Towers Watson, opined, “Actuarial Science has evolved in the last few years and there are ample opportunities in this sector due to globalization. The insurance sector has been privatized and a lot of students are opting to pursue their studies in the area of Banking and Finance. The number of insurance companies has increased immensely, in the last few years and the common masses have become highly aware of insurance policies, investments, and returns. However, the actuaries or the insurance agents must be able to explain the advantages of taking the policy to the consumers and should be an effective communicators since people are very inquisitive these days and want to know the benefits, implications and returns on their investments.”
Sharing his words of wisdom, Dr. Ashok K. Chauhan, Founder and President, of Amity Education Group, stated, “Amity has set a benchmark for itself in providing high-quality education along with great human values. Students must listen to the experts carefully since they are highly successful in their field and learn from their deliberations. There is no dearth of opportunities in any area today, however, the students must have a strong determination to excel in their field.”
Speaking on the occasion, Mr. Pankaj Tomar, India Head, AXA Climate, asserted, “The theme of the seminar is very apt since the government is focussing on Sustainable Development Goals in all areas including the finance sector. The sector is uniquely exposed to climate risk on the assets as well as liabilities side. The Banking and Insurance Sector is at the core of having ESG strategies, which aim to protect the environment, promote equity, and foster transparency and trust, thereby adopting a multi-dimensional approach including these three pillars.”
Encouraging the students of Amity, Dr. Gurinder Singh, Group Vice Chancellor, Amity Universities, emphasized, “Banking, Financial Services, and Insurance Sector are increasingly recognizing the importance of sustainable and responsible business practices and therefore, students must learn about how to adopt and implement sustainable business practices in the insurance sector. They are bound to face challenges, but they must never give up and keep moving forward, with a strong will to overcome every challenge.”
Welcoming the guests during the seminar, Mr. A. P. Singh, Director, ASIBAS, Amity University, said, “In today’s business scenario, environmental, social and corporate governance, holds great significance and is driving a fundamental change in how the financial industry operates and interacts with stakeholders and investors. It emphasizes sustainable development, ethical governance and meaningful strategies, that balance economic success and environmental and social well-being. The seminar will serve as a crucial platform for young professionals, researchers, academicians, and corporate leaders, to overcome the challenges in the insurance and banking sector.”
During the Seminar, two Panel discussions on the topics ‘ESG – Roadmap for Insurers’ and ‘Sustainable Finance & MSME Sector’, were held wherein experts including Mr. Rakesh Yadav, Sr. General Manager, Royal Sundaram General Insurance Co., Mr. Adeep Jain, Director Global Actuarial Modelling, Metlife, Ms. Shailaja Lall, Partner, Shardul Amarchand Mangaldas & Co., Mr. Manish Sinha, General Manager, SIDBI, Mr. Ravi Kumar, AGM (Credit) & Head – Co-Lending, Partnerships, New Initiatives & Strategies, Bank of Baroda, Mr. Samrat Ray, Energy Specialist, Asian Development Bank and Mr. Gaurav Lal, Business Head, Tata Cleantech, shared their views.
17, Feb 2024
Revitalizing Movement Beyond Boundaries – Venture for Innovation in Physiotherapy Practice
Telehealth and Digital Rehabilitation: Implement telehealth solutions to reach patients beyond geographical boundaries. This enables physiotherapists to provide remote consultations, monitor exercises, and offer guidance, increasing accessibility to rehabilitation services.
Virtual Reality (VR) and Augmented Reality (AR): Integrate VR and AR technologies into physiotherapy exercises to make rehabilitation more engaging and effective. This can enhance patient motivation and compliance while providing a novel approach to movement therapy.
Data-driven Personalized Treatment Plans: Utilize data analytics and wearable devices to gather real-time information about patients’ movements and progress. This data can be used to tailor personalized treatment plans, optimizing outcomes and accelerating recovery.
Robotics and Exoskeletons: Explore the use of robotics and exoskeletons in physiotherapy to assist patients in performing movements and exercises. This can be particularly beneficial for individuals with mobility challenges, providing support and enabling more intensive rehabilitation.
Gamification of Rehabilitation: Incorporate game-like elements into physiotherapy exercises to make them more enjoyable and motivating. Gamification can encourage consistent participation and adherence to rehabilitation programs, especially in the case of long-term or repetitive exercises.
Cross-disciplinary Collaboration: Foster collaboration between physiotherapists and professionals from other fields, such as technology, engineering, and design. This interdisciplinary approach can lead to the development of innovative solutions that address the complex challenges in rehabilitation.
Biomechanics and Wearable Technology: Embrace advancements in biomechanics and wearable technology to assess and monitor movement patterns. This information can guide physiotherapists in designing targeted interventions and tracking progress more accurately.
Mind-Body Integration Techniques: Integrate mindfulness and relaxation techniques into physiotherapy practices. This holistic approach considers the interconnectedness of physical and mental well-being, promoting a more comprehensive and patient-centred rehabilitation experience.
Global Knowledge Exchange: Facilitate international collaboration and knowledge exchange among physiotherapy professionals. This can involve sharing best practices, research findings, and innovative techniques to enhance the global standard of physiotherapy care.
17, Feb 2024
Unlocking Creativity: 3 startups with AR & VR Tools Empowering Interior Designers for Commercial Projects
Innovation is paramount in any given industry, especially in Interior Design and Build Industry. These innovative tools and techniques not only enhance visualization but also empower designers to unleash their creativity in unprecedented ways. The integration of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR) has heralded a transformative era for Indian interior designers, redefining the very essence of conceptualization and execution in commercial projects. Beyond merely augmenting visualization capabilities, these pioneering tools serve as catalysts, emboldening designers to explore uncharted realms of creativity.
From virtual room simulations to interactive product visualization, these tools offer a glimpse into the future of commercial interior design, where imagination knows no bounds, and creativity thrives in the digital realm. Join us as we embark on a journey to uncover the transformative impact of AR and VR tools on interior design, and explore how these startups are reshaping the industry landscape one virtual space at a time.
Here are the top 3 startups Unlocking Creativity with AR & VR Tools Empowering Interior Designers for Commercial Projects: –
Flipspaces:
Established in 2015, Flipspaces is the first tech-enabled brand which offers a full stack solution for design and build of commercial spaces. It is also the largest global supply chain platform for interior products and services backed by its strong technology and industry acumen. Flipspaces SaaS driven product Vizstore is a virtual store which allows interior product owners to digitize the product display, visualization and selection experience aided by virtual reality technology. Embracing its cutting-edge technology specially created for furniture and furnishing retail stores, it helps boost the sales by 30% while reducing store rent to mere 3 paise per sqft.
Pepperfry:
Pepperfry since 2011 brings to you stylish and quality furniture with attractive EMI options. From electrical appliances to wall arts, Pepperfry grants everything you need to make your apartment a home and your home your dream one.
Spaceler:
Incepted in April 2016, Spaceler commenced its journey with the vision of creating high-performance spaces for business establishments by delivering design innovations led by three enterprising entrepreneurs who come from diverse backgrounds like design, technology and finance. Spaceler has served clients from diverse industries and business sizes. Together, they assist in exceeding their design and business objectives.
17, Feb 2024
Voltas – Launches its new HVAC line-up at ACREX 2024
Noida, 17th February 2024: Voltas, an undisputed market leader in Room Air Conditioners in India, has today strengthened its position by associating with South Asia’s largest HVAC exhibition, ACREX India 2024.
Voltas announced the launch of its new commercial AC product line-up for commercial spaces at the ongoing ACREX India 2024 in Noida. The new Inverter Scroll Chillers have a cooling capacity ranging from 12-72 TR with eco-friendly refrigerants. The product is IoT-enabled, BMS compatible, silent in operation, and convenient for the user, as it can be operated through a mobile app. Through this
new line of Inverter Scroll Chillers, the company aims to further enhance its goal of encouraging commercial spaces, to use cutting-edge technology, for incorporating energy-efficient solutions into their operations.
Further, some of the other CAC products that Voltas launched at the ongoing event are:
Upgraded its 1.5-ton and 2-ton Fixed Speed Cassette ACs to 3-star Cassette ACs.
Extended the product portfolio in the Ducted and Packaged AC segment including the
introduction of water-cooled series with eco-friendly R410a refrigerant. Voltas is also introducing 1.5-ton and 2-ton Hideaway Ceiling Concealed Ducted AC Units.
Voltas also introduced Voltas SmartAir AC, a new range of smart inverter room air conditioners that function silently while providing adequate cooling, and is also IoT enabled. This new product range has a significantly low noise level, enables easy temperature control, and has advanced features that can be controlled through the Voltas Smart Mobile App (available on Google Play Store & iOS App Store). The Smart AC is Alexa and Google Home compatible and enables the user to understand and analyze the Energy Consumption Trend with the availability of a graph for a certain period. Presently, we have introduced a total of 6 IOT-enabled SKUs, of which 3 SKUs will be in the 5-Star Inverter Split AC and 3 in the 3-Star Inverter Split AC.
Speaking on this occasion, Mr. Pradeep Bakshi, MD & CEO, of Voltas Limited said, “We are delighted to launch our new products, Inverter Scroll Chillers and SmartAir AC series at ACREX 2024. With our new products, we emphasize our work towards introducing more technology-driven products that are sustainable and tailor-made for the needs of our customers. We are committed to strengthening our relationship with customers across India.”
As pioneers in smart engineering, Voltas has always focused on building intelligent products with integrated smart monitoring for efficient execution for their wide customer base. The brand displayed its wide range of VRF, chillers, ducted package solutions, light commercial product solutions of cassette and tower ACs along with Room Air conditioners at ACREX India 2024.
17, Feb 2024
Into the Future of Iron Ore Processing MEAI and NMDC host National Seminar
Hyderabad, 17 February 2024: The Mining Engineers’ Association of India, Hyderabad Chapter in collaboration with the largest iron ore producer of India – NMDC is organizing a National Seminar in Hyderabad during 16-17 February 2024. Aimed at enabling knowledge sharing on the theme – ‘Advanced Iron Ore Beneficiation and Sustainable Low-Grade Iron Ore Utilization’, the Seminar is set to make meaningful strides towards the sustainable growth of the industry.
At its inaugural function on Friday, Chief Guest Shri Dilip Kumar Mohanty, Director (Production) NMDC said, “Beneficiation and utilization of low grade iron ore are making game changing interventions in maximizing the recovery of this valuable mineral. Advancement in beneficiation technology and low grade iron ore utilization are critical tenets in building mineral security and self-sufficiency. A crucial step in the iron and steel supply chain, they also play a defining role in augmenting production and efficiency, while empowering a sustainable tomorrow.”
Shri S.N. Mathur, President MEAI; Shri V.S. Rao, Former Executive Director TATA Steel; Shri S.K. Agarwal, Former CMD (I/c), NMDC; Dr P.V. Rao, Editor MEAI Journal; and Shri Dhananjaya G Reddy, COO ERM Group were Guests of Honour at the event. The inaugural function of the Seminar witnessed these stalwarts of the mining industry addressing the participants and encouraging them to make significant contributions to the mining and metallurgical landscape of India.
These visionary leaders were welcomed by the Presiding Officer Shri Vinay Kumar, Director (Technical) NMDC and Chairman MEAI, Hyderabad Chapter. “As the mining fraternity strives to build mineral accountability and fuel industrial progress, we must set higher sights for the industry towards Responsible Mining” said Shri Vinay Kumar.
The two-day seminar will host presentations and panel discussions of industry experts and researchers from NMDC, AM/NS, TATA Steel, MSPL, University of Hyderabad and IIT Madras among others. The recommendations of the seminar will then be forwarded to the Government Authorities.
The official souvenir of the National Seminar on ‘Advanced Iron Ore Beneficiation and Sustainable Low Grade Iron Ore Utilization’ by MEAI and NMDC was also released during the inauguration.
17, Feb 2024
Kia welcomes Fitch Ratings’ upgrade to A-
(SEOUL) February 17, 2024 – Kia Corporation today welcomed Fitch Ratings (Fitch) upgrade of the company’s Long-Term Issuer Default Ratings (IDRs) and senior unsecured ratings to A- with a stable outlook from a previous rating of BBB+.
The rating upgrade reflects the continued improvement in Kia’s brand strength and market position in key markets, Fitch said in its report. Geographical and product diversification as well as improved profitability and cash generation, and large liquidity buffers were also taken into consideration, it added.
Furthermore, Fitch cited that the A- rating reflects Kia’s steadily improving business profile in recent years. Fitch also outlined how the brand’s key market positions have been improved, with the robust market position in the electric vehicle (EV) segment in the US and Europe.
17, Feb 2024
Gurugram metro expansion: A game changer for Gurugram realty sector
Gurugram: As Prime Minister Narendra Modi gears up to lay the foundation stone for Gurugram’s new metro route, excitement and optimism are palpable within the real estate community. This groundbreaking infrastructure project is poised to revolutionize the local property market, presenting stakeholders with a wealth of opportunities for growth and prosperity.
Anticipation runs high as real estate developers anticipate a notable surge in property demand and values along the metro corridor. Historically, enhanced transportation links have spurred increased interest from both homebuyers and investors, and the new metro route is expected to be no exception. Proximity to metro stations is projected to become a key selling point, driving up demand for residential and commercial properties and potentially leading to significant price appreciation.
Sharing his insights on the recent development, Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Ltd. said, “Embarking on a new era of progress, the extension of the metro from Millennium City Center to Cyber City signifies a transformative leap for Gurugram. As it weaves through the heart of development, passing in close proximity to Dwarka Expressway and advancing towards New Gurugram, this monumental move not only promises enhanced connectivity but also augurs a surge in property values. This metro expansion will be the catalyst for exponential growth and significantly contribute towards the development of the thriving real estate sector in Gurugram. Additionally, as the metro network expands beyond the Millennium City Center, it will open new investment opportunities and act as the linchpin to stimulate employment growth in Gurugram.”
“The inauguration of the new metro route in Gurugram by Prime Minister Narendra Modi signifies a monumental leap forward in urban development. With improved connectivity and streamlined transportation, Gurugram emerges as a prime destination for real estate investment. This initiative not only enhances the quality of life for residents but also underscores the government’s commitment to infrastructure development. We anticipate a surge in demand for properties in proximity to the metro route, presenting lucrative opportunities for growth and investment. The project aligns perfectly with our vision of creating vibrant, accessible communities that cater to modern lifestyles.”-Aman Sharma, Founder & Managing Director Aarize Group.
“We applaud our honorable Prime Minister Narendra Modi’s announcement regarding the inauguration of a new metro route in Gurugram on February 16. This endeavor holds the promise of revolutionizing urban connectivity and infrastructure, thereby presenting fresh avenues for real estate investment and growth. With the enhancement of transportation networks, Gurugram is poised to become a coveted destination for both homebuyers and investors. We eagerly anticipate our role in shaping the city’s skyline, contributing to its progress and prosperity. This transformative venture aligns seamlessly with our dedication to constructing dynamic, eco-friendly communities that cater to the evolving requirements of contemporary living.”- Mr. Santosh Agarwal, Executive Director and CFO, Alphacorp
Abhishek Trehan, Executive Director, Trehan Iris “Infrastructure has played an indispensable role in the constant evolution of Gurugram as a commercial and residential hub. The foundation laying ceremony of the proposed Gurugram Metro Rail project is a significant development in the city’s infrastructure upgrade. The project aims to connect the new Gurugram to the old Gurugram, bringing two key sides of the city closer, facilitating easier access for people to commute, and enhancing the city’s public transportation system. The proposed metro rail project will have an extensive network covering the city’s business hub and key micro-markets, making it a game-changer for Gurugram’s real estate market. The continuous improvement in the city’s infrastructure landscape augurs well for the commercial sector’s growth, with the demand for Grade-A offices in Gurugram and emerging corridors increasing every quarter, and leasing activity also picking up. The upcoming metro corridor is likely to further influence commercial activity and boost demand for residential in and around the region, opening up new avenues for real estate development, and transforming the face of Gurugram forever.”
Mr. Ashish Sharma – AVP Operations, Brahma “The launch of the Gurugram metro project, connecting Millennium City Centre Metro station to Cyber City, marks a significant milestone in the city’s infra development. The constant expansion of the metro network in the city will further enhance better connectivity and accessibility in and around the region. Any infrastructure development further elevates the corporate sector and marks a significant impact on the real estate sector. Connecting the two important locations through the metro line has further facilitated easier access for commuters and will fuel economic growth and development in the city. Such infra enhancement in the city further bodes well with the city’s corporate landscape, making Gurugram the most preferred location for the corporate sector. Besides, this will impact the development of the region leading to new opportunities for real estate development. This will make the region more desirable for commercial purposes, attract investments and stimulate growth in the real estate sector. Moreover, public transport upgradation reflects Gurugram’s commitment to modernizing its infrastructure to meet the demands of a growing population and strengthen its status as a prominent economic and commercial hub in the region.”
