14, Dec 2023
More than 1000 Retail Associates celebrated the Retail Employees’ Day at Growel’s 101 Mall
Mumbai, December 14, 2023: It was an enjoyable day at Growel’s 101 Mall as the Mall management arranged a lunch with engaging activities for retail associates to mark Retail Employees’ Day on December 12, 2023. The festive celebration was extended to encompass all the Retailers, Brands, and F&B partners, and outsourced staff operating in the mall.
On December 12, 2023, each retail employee/associate received a warm welcome at the decorated mall entry upon reporting to work. Mall leadership addressed all associates with words of encouragement and motivation, recognizing their hard work in delivering customer delight. Team-building activities infused with fun were organized for all retail associates to foster camaraderie and celebrate this special day.
The ‘Retail Employees’ Day’ is an annual movement initiated in 2011 by TRRAIN & RAI, observed on the 12th of December. This day is dedicated to spreading joy to retail employees who tirelessly serve and delight customers every other day.
Speaking about employee well-being, Gerald Mathew, General Manager, Growel’s 101 Mall, said, “Our commitment to fostering a positive and enjoyable work environment is reflected in today’s festivities, where we come together as a family to appreciate the efforts of those who tirelessly serve our customers. At Growel’s 101 Mall, we not only value our associates’ dedication on Retail Employees’ Day but also strive to prioritise their well-being year-round. We believe that happy employees contribute to the success and vibrancy of our mall. Here’s to a day of celebration, gratitude, and a shared commitment to making Growel’s 101 Mall an even more delightful place to work and shop.”
A recreational zone has been established for retail associates to use their break time for relaxation and socializing with co-workers. The recreation zone offers indoor activities such as foosball, carrom, chess, and various board games, providing associates with an enjoyable time with their colleagues. Additionally, festivities like Diwali, Christmas, and Mall Anniversary are celebrated with retail associates, and special events like cricket tournaments and talent hunts are regularly conducted throughout the year to uplift the spirits of retail associates.
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- By Rabindra
14, Dec 2023
Pahle India Foundation (PIF) appeals to GOM on Online Gaming’ ahead of its 1st meeting, to review existing Lottery Regulations
New Delhi, 14 December: Pahle India Foundation (PIF) appeals to the ‘GOM on Online Gaming’ ahead of its 1st meeting, to review existing Lottery Regulations as well. Pahle India Foundation (PIF) welcomes the Government of India’s decision to constitute a Group of Ministers (GOM) to review the regulatory framework for the Online Gaming Industry.
As the GoM meets for its first meeting on the 15th Dec under the chairmanship of the Hon’ble Union Home Minister, PIF would like to appeal to the members of the GoM to also review the existing regulations on ‘Lottery’ and bring necessary reforms.
PIF has recently concluded a study titled ‘Lottery in India – A Study on Regulatory Framework and Potential for Social Funding’ where it has reviewed the existing regulations on Lottery in the country and has identified major gaps. PIF recommends an urgent review of the 25-year-old regulation in light of the increased internet penetration in India in the last few decades, and the absence of player protection and minimum age criterion in the existing rules. The offshore online lotteries operating outside the jurisdiction of the Indian regulatory apparatus pose significant challenges and demand urgent attention.
PIF has also done a comprehensive review of the operational processes and the financial models followed by the Indian States where a lottery is currently allowed and operational. In such states also, there is an urgent need for reforms to bring transparency using technology, and adopt best practices to ensure child safety and player protection.
PIF has also reviewed lottery ecosystems in countries like the UK and explored the sector’s potential for social funding in India. Pahle India Foundation is a New Delhi-based economic think tank founded by Dr Rajiv Kumar in 2013. Its motto is ‘Putting India First to Make India First’. PIF has done in-depth research on ‘Online Gaming’ as well as ‘Lottery’. Its reports ‘A Regulatory Framework for the Online Gaming Sector’ and ‘Lottery in India.
14, Dec 2023
Testlify’s AI-Powered Talent Assessment Platform Now Available in India & US to Revolutionize the Recruitment Landscape
India, December 14, 2023 – Today, Testlify, a cutting-edge AI-driven talent assessment platform, has announced its official reach into the Indian and US markets and is poised to transform hiring processes and talent evaluation methodologies.
Founded by visionary entrepreneur Abhishek Shah, Testlify aims to provide businesses with path-breaking tools to forge future-ready and sustainable workforces. Moreover, the company’s strong focus on data security and privacy, supported by AI-driven assessments and remote proctoring solutions, perfectly meets strict data protection regulations for both markets.
Testify is set to revolutionize talent acquisition for startups, SMBs, and enterprise companies globally and empower HRs to build resilient and skilled workforces in the organisation.
Abhishek Shah, Founder of Testlify, stated, “In the wake of the rapidly evolving job market globally, Testlify promises to revolutionize recruitment strategies, providing a platform for companies to hire the right talent by offering unparalleled assessment solutions, a suite of features tailored to diverse industry needs, ensuring a seamless and efficient recruitment process for organizations of all sizes. The platform’s cutting-edge technology and commitment to supporting HR professionals resonate deeply with the corporate landscape globally”.
At the forefront is Testlify’s revolutionary White Label Capabilities, allowing companies to rebrand the platform with their unique identity effortlessly. This empowers organizations to conduct unlimited assessments independently, streamlining the talent discovery process.
Addressing the diverse linguistic needs of a global workforce, Testlify boasts unparalleled Multilingual Support, offering assessments in main global languages – English, German, French, Portuguese, Spanish, Japanese, Italian, and Dutch. Testlify ensures that language is no longer a barrier to accessing top-tier talent.
Testify excels in the realm of technical assessments, offering a wide array of tests. From blue-collar to technical and non-technical assessments, the platform provides a comprehensive suite, covering coding, programming, and software skills. This diversity equips organizations with versatile tools for informed hiring decisions.
Beyond these evaluations, Testify also provides psychometric assessments. This comprehensive approach ensures organizations have a diverse toolkit for making well-informed decisions across various skill sets and attributes.
Additional features abound in Testlify, including audio and video questions, as well as the incorporation of Google Sheets/Docs/Slides questions for evaluating hands-on knowledge. Typing tests, seamless ATS integrations, and a myriad of other features further enhance the platform’s capabilities.
The company is headquartered in Bensalem, Pennsylvania, United States and has all its employees operating work from India, for the US and Indian market. With plans to progressively extend its services to other countries, Testlify aims to signify a pivotal moment in transforming recruitment practices, fostering growth, and providing equitable job opportunities.
14, Dec 2023
Nextracker Achieves 10-Gigawatt Milestone in Middle East, Africa, and India Solar Power Markets
Mumbai, United Arab Emirates, 13 Dec., 2023 – Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced it has surpassed a corporate milestone of 10 GW of smart solar trackers either operational or under fulfilment for projects located in the Middle East, Africa, and India. In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the last two weeks, this milestone was achieved this month after securing significant orders in the region.
Dan Shugar, Nextracker founder and CEO said, “This is a region marked by a wide range of energy transition needs and opportunities, and we’re proud to have reached this significant milestone. We continue to invest in these markets with sales, engineering, and professional services teams to better serve our customers throughout the entire solar project lifecycle. The company is laser focused on anticipating our customers’ needs and delivering the industry’s most reliable solar tracker and software solutions with unmatched wind design engineering and proven performance.”
Hinde Liepmannsohn, Executive Director, Middle East Solar Industry Association, said, “Nextracker, a long-standing MESIA Member (Middle East Solar Industry Association), has demonstrated its commitment to serve as a high-value strategic partner to the major development entities responsible for the region’s most important utility-scale renewable energy projects. From onsite project management and engineering support to systems designed for fast, easy installation with advanced software, technology, and robotic cleaning to optimize energy production, the Nextracker team continues to demonstrate the ability to bring measurable value and impact across the lifecycle of these mega clean-energy projects.”
With these markets representing an opportunity for utility-scale solar growth across the region, Nextracker ramped its domestic content and manufacturing program in the Middle East and India, engaging local partners to provide steel and critical components for its solar trackers across the region.
Additional Resources
Nextracker’s integrated solar tracker and software systems are currently operating on many landmark solar power projects across the region such as:
· Saudi Arabia (Sudair and Sakaka Solar Parks) – projects with ACWA Power and its partners leveraged local manufacturing in KSA for critical steel components which is contributing to the ongoing growth of Nextracker’s steel exports throughout the region. Watch Sakaka project video to learn more.
· United Arab Emirates (Phase V of Mohammed Bin Rashid Al Maktoum Solar Park) – project with Shanghai Electric and ACWA Power providing over one gigawatt of power for Dubai.
· India (Karnataka, Gujarat, and Rajasthan) – in collaboration with prominent EPC companies such as Sterling and Wilson Renewable Energy, Amara Raja Infra Private Limited, and Rays Power Infra, as well as established developers such as NTPC and Serentica Renewables, Nextracker is providing its award-winning solar tracker systems on numerous projects to fortify India’s clean economy landscape. With its second largest office in Hyderabad and over two hundred dedicated employees, Nextracker has established strategic partnerships with 11 manufacturing suppliers and 13 factories to provide over 80% domestic content for utility-scale solar projects across the country.
· Africa – Nextracker systems are operating on over one gigawatt of key solar projects across Africa, a geographical market with high irradiance levels and increasingly favorable clean energy policies.
14, Dec 2023
Social Innovator Fellowship Program 2023
Bengaluru | 14 December 2023 | Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), is proud to announce the winners of its annual initiative – the Social Innovator Fellowship Program. This initiative, launched in association with Buddy4Study is part of Schaeffler India’s Corporate Social Responsibility (CSR) activities and aims to nurture and support groundbreaking social innovations that address critical challenges in society.
Following the successful launch of the program last year, Schaeffler India embarked on a mission to identify and foster innovative solutions that could bring about positive change in communities.
This year, the 10 winners, selected from a pool of 130 exceptional entries, have demonstrated remarkable innovation in areas ranging from environmental sustainability to technology-driven social solutions. The awarded projects are unique in their approach and reflect Schaeffler India’s commitment to fostering an ecosystem of social innovation and entrepreneurship.
The jury comprised of a panel of employees from Schaeffler India and was chaired by Mr. Harsha Kadam, Managing Director, and CEO, Schaeffler India and Mr. Santanu Ghoshal, Vice President – HR & Head – CSR, Schaeffler India. The event was graced by eminent social entrepreneur Mr. Pranshu Singhal – Founder of Karo Sambhav.
Mr. Harsha Kadam, MD & CEO, Schaeffler India, said, “We are deeply committed to fostering innovation that makes a meaningful difference in the community. The Social Innovator Fellowship Program is a testament to our dedication to societal progress. I am incredibly proud of the ingenuity and determination shown by all the participants. The selected projects reflect the potential of innovative thinking in addressing some of the most pressing challenges of our times. At Schaeffler India, we believe in empowering such trailblazing ideas that can lead to sustainable, impactful change.”
Mr. Pranshu Singhal, Founder of Karo Sambhav, said, “I am honoured to be a part of Schaeffler India’s Social Innovation Fellowship Program. This initiative resonates deeply with my work in driving a circular economy. The creativity and potential of the winners here today are a powerful reminder of the impact, innovative thinking can have on our society. Congratulations to the fellows, and I commend Schaeffler India for their commitment to fostering such impactful chang.e”
The Winners:
1. Karthickjothi M & Yograj Joshua K – Talk Ally: An innovative glove device translating sign language into spoken language, facilitating communication for the deaf community.
2. Nidhi – NEMA AI: A cutting-edge health-edtech platform personalizing learning experiences through brain scan technology.
3. Avinash Yadav & Arpit Kshirsagar – Electica: A revolutionary EV battery swapping service, enhancing the efficiency of electric vehicle charging.
4. Aishwarya Karnataki and Parikshit Sohoni – GLovatrix’s Fifth Sense: A device combining smartwatch technology and gloves to interpret sign language in real-time.
5. Vagisha Thakur and Subrahmanya Shastry – ThinkGudd: A digital platform providing branding and communication strategies for SMEs and impact organizations.
6. Shivam Batra and Nagen Pratap Singh – CircuLift: A tech platform aiming to revolutionize plastic waste management through AI and automation.
7. Venkata Ramana Mattaparthi – Blue Lotus Solutions: Focused on developing sustainable solutions to combat climate change.
8. Dr. Sarjerao Doltade – LiqSure: A novel approach to industrial wastewater treatment using cavitation principles.
9. Akshay Kawale and Akshay Wairale- AgrowSure Products and Innovations Pvt Ltd: Innovations in gender-friendly farm equipment, enhancing inclusivity in agriculture.
10. Siddhesh Sakore and Swapnali Dhawale– Agro Rangers: Working with farmers to improve soil health and implement agroforestry models.
Each winner will receive assistance from Schaeffler India in the form of mentorship, networking opportunities, and funding to help bring their innovative ideas to fruition. All the 10 winners will undergo a thirty-week hybrid mentorship at Centre for Innovation, Incubation and Entrepreneurship (CIIE), IIM Ahmedabad, one of India’s top Business schools to help them further develop and scale their solutions.
Schaeffler India’s CSR initiatives, including the Social Innovator Fellowship Program, underscore the company’s dedication to sustainable development and its role as a responsible corporate citizen. Through these efforts, Schaeffler India continues to contribute significantly to the social and economic development of the communities it serves.
Schaeffler Group – We pioneer motion.
The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. The motion technology company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, the Schaeffler Group is one of the world’s largest family-owned companies. With more than 1,250 patent applications in 2022, Schaeffler is Germany’s fourth most innovative company according to the DPMA (German Patent and Trademark Office).
14, Dec 2023
F2F Corporate Consultants Private Limited Leader, Dr. Umesh Kamble, Honoured with Prestigious FSSAI Award
December 14, 2023; Mumbai; India: In a significant recognition of excellence in the field of food safety, Dr. Umesh Kamble, the visionary leader at F2F Corporate Consultants Private Limited, has been awarded the esteemed AFSTI-FSSAI Award 2023. The award, presented at the 9th International Food Congress (IFCoN) in Mysuru, acknowledges Dr. Kamble’s exemplary contributions to advancing food safety standards in India.
During the prestigious ceremony held on December 7, 2023, Dr. Kamble was felicitated by Dr. S Somanath, Chairman of ISRO, in the presence of notable personalities including Her Highness Pramoda Devi Wadiyar of Mysore and other distinguished guests.
As an Advanced Manufacturing Trainer and FSSAI-FOSTAC’s nationwide training partner since 2018, Dr. Kamble has been a driving force behind impactful food safety initiatives. He has led F2F Corporate Consultants Private Limited, in conducting over 150 dynamic training sessions, both on-site and online, successfully certifying more than 8000 Food Safety Supervisors across diverse sectors. These sessions have been pivotal in enhancing food safety knowledge and practices, contributing significantly to national food safety standards.
Dr. Kamble’s influence extends to active participation in critical FSSAI initiatives like Eat Right India, BHOG, AAHAR, and Safe & Nutritious Food at School. Collaborating with FDA Maharashtra, his reach has impacted regions such as Mumbai, Solapur, Satara, Sangli, and more. Under his guidance, F2F Corporate Consultants Private Limited has also established strategic MOUs with several colleges, furthering their mission of widespread food safety education.
Reflecting on the award, Dr. Kamble stated, “This recognition is not just a personal achievement but a testament to our collective effort at F2F Corporate Consultants Private Limited to uplift food safety standards. Our mission is to empower individuals and businesses with the knowledge and skills necessary to ensure food safety, and this award strengthens our resolve to continue making a difference.”
In April 2023, Dr. Kamble’s contributions were further acknowledged by the Honourable Governor of Maharashtra, Shri. Ramesh Bais ji, for his role in the “Eat Right Mella” campaigns. Additionally, his initiatives for World Food Safety Day 2022, where he led campaigns for street food vendors in Pune, underscore his commitment to making food safety a public priority.
14, Dec 2023
ASICS India Brand Athlete Rohan Bopanna and Actress Gul Panag Unveil the Official Race Day Merchandise for Tata Mumbai Marathon 2024
Mumbai, India (December 14, 2023): ASICS, the Japanese sportswear brand, today launched the limited-edition merchandise for Asia’s most prestigious Tata Mumbai Marathon 2024. ASICS Brand Athlete Mr. Rohan Bopanna along with actress & avid runner Ms. Gul Panag unveiled the new collection at ASICS store on Linking Road in Mumbai.
The vibrant design of this collection by ASICS conveys a strong story of energy, persistence and passion for running. The Gel Kayano™ 30 Limited Edition shoes are designed with a unique blend of colors like Electric Blue/Aquarium for Men and White Sun Coral for Women, to appeal both male and female runners.
The specially crafted GEL-KAYANOTM 30 running shoe has Mumbai 2024 emblazoned on the side. The shoe provides maximum comfort and style reflecting Mumbai’s colorful culture. The GEL-KAYANOTM 30 shoes is equipped with advanced features like a 4D Guidance System for stability and FF BLASTTM PLUS ECO cushioning for softness, the shoes aim to energize runner’s every stride of their run.
The limited-edition race day t-shirt design shows the circular pattern that encapsulates the spirit of unity via the “Enso” motif from Japanese traditions. It is crafted in seven symbolic colours denoting various facets of life, the collection aims to bring all marathon participants together in a harmonious cooperation towards a shared goal. The t-shirt and shoe bring out the complete essence of the city of Mumbai and will connect and bond well with the runners of Tata Mumbai Marathon 2024.
Mr. Rajat Khurana, Managing Director, ASICS India and South ASIA said, “We are delighted to have Mr. Rohan Bopanna and Ms. Gul Panag onboard to reveal our official merchandise for the Tata Mumbai Marathon 2024. Inspired by the dynamic energy of this city and event, our goal is to design apparel that empower athletes at every skill level to unleash their complete potential. This collection is a testament to our dedication in fostering a commitment to help individuals achieve their athletic goals.”
Commenting on the event, ASICS Brand Athlete, Rohan Bopanna said, “I am glad to be a part of this special day being a Brand Athlete for ASICS India and unveiling the official merchandise for the Tata Mumbai Marathon 2024 is truly special. As an athlete, I believe having the innovatively designed gear that seamlessly blends style with high performance is paramount. These specially crafted GEL-KAYANOTM 30 shoe and t-shirt perfectly captures the vibrant energy of the city.”
Mr. Anil Singh, Managing Director, Procam International, said, “ASICS has been a longstanding partner of the Tata Mumbai Marathon and the Procam Family. They have continuously set new benchmarks with top-of-the-line event merchandise which are highly sought after by our participants. As we gear up for the 19th edition of the Tata Mumbai Marathon, here’s a race filled with inspiration, determination and the beating heart of India in every step #HarDilMumbai.”
The TATA Mumbai Marathon 2024, is a World Athletics Gold Label Road Race and will be hosted on Sunday, 21st January. The event will flagged off from the historic Chhatrapati Shivaji Terminal.
14, Dec 2023
ZNet Technologies Becomes Akamai’s First Distributor for Cloud Computing in India
Bengaluru, India – December 14, 2023: ZNet Technologies, India’s leading cloud distributor offering cloud infrastructure and managed services, today announced its new distribution partnership with Akamai, the cloud company that powers and protects life online. This collaboration marks a significant milestone as ZNet, as part of the Akamai Partner Program, becomes the first official distributor of Akamai cloud computing services in India.
Akamai’s cloud computing services are part of Akamai Connected Cloud, a massively distributed edge and cloud platform for cloud computing, security, and content delivery that keeps applications and experiences closer, and threats farther away. These capabilities can help accelerate innovation, giving developers and enterprises the flexibility, support, and trust they need to build, deploy, secure, and scale applications more easily and cost-effectively.
“This partnership aligns with our mission to provide exceptional digital solutions to our partners through which they can provide unparalleled digital experiences to their customers. By integrating Akamai Connected Cloud’s open source and cloud-agnostic solutions into their service offerings, our partners are poised to redefine the digital landscape in India, ensuring unparalleled cost-savings and performance for their clients,” said Munesh Jadoun, Founder and CEO, ZNet Technologies.
“Moreover, our Akamai cloud computing services’ partners and customers will be able to leverage ZNet’s proprietary RackNap partner/customer dashboard to seamlessly monitor the real-time consumption of Akamai resources. This empowering feature facilitates efficient management of subscriptions, streamlined service renewals, and provides easy access to top-notch customer support. This enhances partner and customer experiences and ensures optimal resource utilization every step of the way,” he added.
Through this strategic alliance, ZNet will distribute Akamai cloud computing services to customers via its extensive partner base in India.
This partnership is set to transform the digital landscape by providing businesses with:
Award-winning support
Predictable pricing with bundled CPU, data transfer, storage, and RAM.
Ability to manage and scale infrastructure with Cloud Manager, API/CLI, and more.
Akamai global network for massive scalability.
“Our collaboration with ZNet Technologies marks a significant milestone in our expansion strategy in India. ZNet’s deep market penetration and expertise in delivering cloud solutions make it an ideal partner for us. We are confident that together, we will set new benchmarks in delivering customer-centric digital experiences,” said Mitesh Jain, Managing Director and Regional Sales Leader, India & SAARC, Akamai Technologies.
14, Dec 2023
Indian Consumers Lead the World in Trust in GenAI: 91% Keen to Explore GenAI-Powered Financial Applications, New FIS Study Finds
Key facts and findings
- An overwhelming majority (91%) of consumers surveyed in India said they are open to using a GenAI-powered financial application.
- Compared with other countries in FIS’ research, Indian respondents are far ahead in terms of familiarity, usage and trust in GenAI.
- 88% of respondents also trust their bank to use GenAI, significantly higher the other countries in the study.
Bengaluru, December 14, 2023 – A new study by FIS ® (NYSE: FIS), a global leader in financial services technology, reveals strong interest in generative artificial intelligence (Gen AI)-powered financial service amongst Indian consumers. The findings indicate that 91% of surveyed Indian consumers are open to using a GenAI-powered financial application if one became available in the future, citing their preference for new technology (60%) and the desire to save time (56%) as their primary motivators.
GenAI is a form of artificial intelligence designed to create new content (e.g. text, images, code) based on provided input or prompts. It has captured the world’s attention over the past 18 months with widely perceived potential to transform how we live and work.
FIS’ Trust in Generative AI research focuses on consumer trust and understanding of GenAI, as well as their attitudes towards GenAI in financial services. The research was conducted with consumers in the following cities: Mumbai, Delhi, Bangalore, Kolkata, Ahmedabad, Hyderabad, Chennai, and Pune. It found that Indian consumers have a higher level of trust towards the technology in comparison to other major markets. Only 3% of respondents in India said they do not trust GenAI at all—contrasting sharply with 33% in Australia, and 30% in both UK and U.S. Additionally, 88% of respondents said they trust their bank to use GenAI in its operations, which is significantly higher compared to other countries surveyed.
“In India’s dynamic tech ecosystem, AI stands not merely as a buzzword but emerges as a strategic imperative, reshaping the financial services landscape. Global spending on AI-centric systems is expected to surpass $300 billion in 2026, with banking being one of the two industries that will see the largest AI investments. 1 In India we are seeing a trend in major banks harnessing the power of AI to
develop responsive and intuitive user experiences,” said Harish Prasad, Head of Banking Solutions, India at FIS.“It is encouraging to see that GenAI technology is well received by Indian consumers, with a majority of consumers in the study expressing openness and trust in the adoption of GenAI in financial services. It is imperative that, as industry leaders, we remain steadfast in our commitment to use GenAI responsibly. By doing so, we can contribute to build trust in AI’s role to empower individuals and institutions alike,” added Prasad.
Additional Findings and Insights
- There is widespread awareness of GenAI in India, with 88% of respondents indicating they are familiar with the technology. 79% also said they have experience using GenAI.
- Gen Zs are driving GenAI adoption in India. 90% of Gen Zs said they have experience using GenAI-based tools, while over half (56%) of Boomers indicated the same.
- For those who have not used generally available GenAI-based tools, the main reason cited was not knowing how to use it (47%), followed by not having a need for it (39%).
- Trust in GenAI is poised to grow further, with a much larger percentage of respondents expecting to be more (80%) as opposed to less (6%) comfortable with GenAI in the next 5 years.
- 38% of respondents said they are more likely to stick with their bank if they knew their banks use GenAI in its operations, signaling strong trust and appetite for GenAI in financial services.
- In contrast, only 7% in U.S. and 4% in Australia and UK indicated the same.
14, Dec 2023
Erisha E-Mobility and Uttarakahand Government sign MOU worth INR 1900 Crore for establishment of EV Park
Dehradun, 14th December 2023 – In a significant stride towards sustainable and eco-friendly transportation, the Uttarakhand Government has entered into a Memorandum of Understanding (MOU) with Erisha E Mobility Private Limited, a pioneering player in the electric mobility sector. The MOU, signed on 8 December 2023, outlines a collaborative effort to establish an Electric Vehicle (EV) Park and deploy 100 state-of-the-art EV charging hubs across Uttarakhand.
The Memorandum of Understanding (MOU) was formalized in the presence of the Hon’ble Chief Minister of Uttarakhand, Shri Pushkar Singh Dhami, and Dr. Darshan Rana, Chairman and Managing Director, Erisha E Mobility Private Limited.
Expressing a robust future outlook with enthusiasm, Dr. Darshan Rana, Chairman and Managing Director, of Erisha E Mobility Private Limited commented, “We are excited to partner with the Uttarakhand Government in their mission to accelerate the adoption of electric vehicles. Our expertise in electric mobility solutions, combined with the government’s commitment to sustainability, will undoubtedly create a positive impact on the environment and drive economic growth.”
The Electric Vehicle (EV) Park proposed on 320 acres with the investment of INR 1500 crores, a first-of-its-kind initiative in the region, is poised to become a hub for innovation, research, and development in the field of electric mobility. It will provide a platform for Electric Vehicles manufacturing, ancillary units set up, technology providers, and researchers to collaborate, fostering the growth of the electric vehicle ecosystem in Uttarakhand. The company is also committed to generating the employment of 5000 persons (Direct+Indirect).
Additionally, the project aims to establish a robust charging infrastructure with the installation of 100 Electric Vehicle charging hubs with the proposed investment of INR 400 crore, strategically located across the state. This network will ensure convenient access to charging facilities, facilitating the adoption of electric vehicles and reducing the carbon footprint of transportation in Uttarakhand. The total investment of INR 1900 crore will be over a period of 10 years’ time.
