16, Oct 2023
The Good Food Institute India Unveils Inaugural State of the Industry Report
Pioneering Insights into India’s Smart Protein Sector with a Projected Economic Opportunity of $4.2 Billion by 2030
Mumbai, October 16, 2023: The Good Food Institute India (GFI India), the central expert organization, thought leader, and convening body in the alternative protein sector unveiled its first-ever State of the Industry Report on smart protein in India. The report offers an analysis of India’s emerging smart protein industry, accentuating a prospective economic growth opportunity amounting to $4.2 billion by 2030 within the Indian landscape. It stands as a compilation of pivotal business advancements, cutting-edge technologies, regulatory developments, and noteworthy scientific achievements that have shaped India’s alternative protein sector over the past five years, with a focus on key developments from 2021 to April 2023.
The report underscores the pressing need for smart protein alternatives, addressing the complex challenges of food security, climate change mitigation, and public health concerns. Simultaneously, it addresses the evolving dietary needs of the population while advancing India’s sustainability objectives. Furthermore, the report accentuates the dynamic landscape of innovation and collaboration within the smart protein sector, encompassing the complexities of cost competitiveness, infrastructure constraints, varying consumer demand, technological whitespaces, and regulatory intricacies in India.
Speaking at the launch of the report, GFI India’s Acting Manager Director, Sneha Singh, said, “The road ahead is long, but we’re truly at an inflection point today, and this report is a testimony to that — 120 pages capturing the history and development of the smart protein sector from its inception through to April 2023, across business, innovation, investment, science, and policy. We hope for this report to be a sharp tool for those working to build the smart protein industry and anyone else looking to learn more about this sector, equipping them with reliable and appropriate information, to make strong, data-driven decisions.”
Ms. Divya Saravana, Corporate Engagement Specialist, at The Good Food Institute India added, “We are thrilled to launch our first-ever industry report on the smart protein in India. The report offers invaluable insights into consumer behavior, encompassing aspects such as labeling, nomenclature, branding, and repeat purchase intent, underscoring the imperative to enhance consumer awareness and relevance within the plant-based category. Furthermore, it shines a spotlight on the Indian government’s expanding commitment to fortifying the smart protein sector, including the pursuit of ambitious economic objectives and the cultivation of public-private partnerships.”
Offering a wealth of knowledge and insights, this report aspires to be an indispensable resource for a diverse spectrum of stakeholders, including policymakers, industry experts, investors, innovators, and discerning consumers. It is designed to provide an extensive understanding of the current dynamics within India’s smart protein sector, illuminating its transformative capabilities. By facilitating well-informed decisions and encouraging meaningful discussions, this report is poised to shape the discourse surrounding the future of protein in India.
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- By Rabindra
16, Oct 2023
Bajaj Allianz Life eTouch offers Health Management Services for holistic well-being of customers
Pune, October 16, 2023: Bajaj Allianz Life eTouch, A Non-Linked, Non-Participating, Individual Life Insurance Term Plan, one of the flagship products of the private life insurer offers Health Management Services (HMS). A reflection of the Company’s commitment to providing its customers with an ecosystem for holistic well-being, these services entail an array of benefits like doctor consultations and network discounts.
The Health Management Services seeks to empower Bajaj Allianz Life’s valued customers with not only financial protection but also proactive health management tools. Policyholders can consult qualified medical professionals remotely, offering them immediate access to medical expertise. They have access to a range of network discounts applicable to medicines, lab test bookings, outpatient consultations, and in-patient hospitalizations, reducing their annual healthcare expenditures.
Speaking on how Bajaj Allianz Life Insurance goes beyond the traditional care requirements of its policyholders, Rajesh Krishnan, Chief Operations Officer, Bajaj Allianz Life Insurance said, “At Bajaj Allianz Life, we take pride in enabling life goals for our customers, hence our product propositions are constantly evolving according to customer needs. As a responsible and leading life insurance company providing innovative life insurance products, it is our endeavor to provide simple and seamless service platforms enabled by the latest technologies.
Making Health Management Services available along with Bajaj Allianz Life eTouch was only a natural extension of our promise toward customers’ holistic well-being. These services help in easy and quick access to medical consultation, thereby aiding our customers in their financial and health objectives, all conveniently integrated into one place. Our goal is to have a bouquet of such propositions that our customers can avail from, in line with our customer-first philosophy” Key Features of Health Management Services.
· Two Doctor Insta consultations per month: Access healthcare professionals through teleconsultations, consult with doctors remotely
· Network Discounts:
o Medicines (10% Discount): 10% off on medicines
o Lab Test Booking (10% Discount): 10% off on lab test
o Outpatient Consultation (10% Discount): 10% off on outpatient visits.
o In-patient Hospitalization (5% Discount): 5% off on hospitalization.
16, Oct 2023
Sidbi And Global Alliance For Mass Entrepreneurship (Game) Launch The First Ever Cohort For Smaller Nbfcs Accelerate & Grow
National; Monday, October 16, 2023: SIDBI & Global Alliance for Mass Entrepreneurship (GAME) have onboarded the first cohort for the NBFC Growth Accelerator Program (NGAP). This program is designed to scale small NBFCs through design interventions, enabling them to apply for institutional funding based on holistic evaluation parameters.
The five-month intense program includes mentorship from domain experts on Risk, Operations, Governance, and Technology. It is structured to encourage and facilitate peer learning, reviews, and networking through a blend of in-person, virtual, and individualized sessions.
NGAP (www.ngapindia.com) is an initiative by SIDBI and GAME to address the need for credit at a reasonable rate for smaller NBFCs. While NBFCs are best suited to fund new to credit and Micro enterprises in various geographies, they need adequate funds at a reasonable cost to do so. Smaller NBFCs who need debt capital are unable to do so due to the non-availability of eligible rating that reflects their strength.
Explaining the design of NGAP, Mr Ravi Venkatesan, Founder, of Global Alliance for Mass Entrepreneurship, said, “Only 15% of MSMEs are able to access credit formally and this is a major constraint to their growth and success. Key to unlocking this are small NBFCs, but these are unable to access capital and reasonable rates and lack many capabilities to increase their reach and impact. SIDBI and GAME are creating this NBFC accelerator to identify growth-oriented MSMEs and strengthen their capacity through a 5-month intervention thereby making them more credit-worthy.
Our objective was to design a replicable model to enable MSME-focused NBFCs to become eligible for formal funding and future-ready. NGAP helps participating NBFCs improve their parameters post the program and be in a better position to apply for funding. We are hopeful that at least 80% of the cohort will receive funding post the program. Over the next year, we will have a larger pool of lendable NBFCs who can service a large number of MSMEs. The aim is to build capacities of 100+ NBFCs in 3 years thereby enhancing the flow of credit to MSMEs.”
Speaking at the announcement, Chairman & Managing Director, SIDBI, Mr. Sivasubramanian Ramann explained that the NGAP fundamentally is all about the capacity building of small but deserving NBFCs. “The program will enhance the fund flow for the MSME sector by enabling NBFCs to get institutional funding. In this cohort, participating NBFCs will benefit significantly from specific advice, informal interactions with peers, structured reviews, and evaluation. We have built in the process to ensure that participants demonstrate action to be eligible for continuing to the next stage and mentors endorse and support them ensuring accountability.”
Mr Umesh Revankar, Chairman, of FIDC and Executive Vice Chairman – of Shriram Finance Ltd lauded the initiative of SIDBI and GAME in conceptualizing this unique program which could help a large number MSME focused NBFCs enhance their internal risk management systems, improve corporate governance, and adopt appropriate technology for business. This he felt could make them more bankable. NBFCs, with more funds, enhance the flow of credit to micro-enterprises.
Present at the announcement were dignitaries such as Raman Agarwal ex-Chairman of FIDC, and senior officials of Bank and NBFCs.
16, Oct 2023
Rite Water Solutions receives investment from Incofin’s Water Access Acceleration Fund (W2AF)
India, October 16, 2023: Rite Water Solutions (India) Private Limited, specializing in potable water and water quality improvement solutions receives a first-of-its-kind investment of EUR 7.5 million from Incofin Investment Management’s Water Access Acceleration Fund (W2AF), a first in India as well as in the drinking water space.
Founded by Mr. Vinod Gaan, Chairman, and led by Mr. Abhijeet Gaan, MD & CEO, Rite Water focuses on providing comprehensive, cost-effective, and sustainable solutions for safe drinking water to habitations across India where water sources are chemically & biologically contaminated.
Incofin is an international Impact Investment Manager with 1.4 Billion assets under management (AUM) globally. In March 2023, Incofin launched its Water Access Acceleration Fund (W2AF) which is the first private equity fund for safe drinking water. The Water Access Acceleration Fund (W2AF) is an impact-first blended fund that invests in safe drinking water enterprises, primarily in Africa and Asia.
Through equity investments, the fund aims to give access to safe drinking water to 30 million people by 2030 with total commitments of EUR 36 million. W2AF’s investors include Danone, BNP Paribas, the U.S. International Development Finance Corporation (DFC), the Danish development finance institution IFU, Norfund, and the U.S. Agency for International Development.
According to the World Bank, developing countries lose around 260 billion USD annually due to poor water supply. It’s estimated that each dollar invested in clean water yields a four-dollar reduction in health costs. Over two billion people around the world lack access to safe drinking water and 40 percent of the world’s population is affected by water scarcity.
Providing access to safe drinking water for all, is one of the most complex contemporary issues to solve, especially in a country like India. Innovative, affordable local solutions offer the best chance to solve these problems. Aligned with the Sustainable Development Goal (SDG) criteria, India has partnered with UNICEF to provide access to safe drinking water in both rural and urban areas. Some of the key initiatives are the Jal Jeevan Mission, Jal Shakti Abhiyan, AMRUT-2, Swajal Scheme, Swach Bharat Mission, ‘Har Ghar Jal’ initiative, WASH intervention by WHO, etc furthered by the government’s thoughtful budgetary allotment each fiscal.
PwC was the exclusive financial advisor to Rite Water Solutions for its equity fundraising. PwC is a leading global network of professional services firms and one of the largest transaction advisors globally by deal volume.
For over 15 years, Rite Water has been collaborating with governments, corporations, and local authorities to extend safe drinking water access. The company has deployed over 5200 purification units and treatment plants with tailored technologies across India. The company treats more than 10 million liters of water per day thereby providing clean and safe water to over one million people across 12 states through its solutions.
A few of Rite Water’s notable projects such as the Community water purification plants, electro-chlorination plants, arsenic and fluoride-based plants, and solar-powered water purification have significantly contributed to making clean water accessible without causing any harm to the environment. Some of the community water purification plants are managed by women self-help groups (SHGs) who earn from the water sales. This microenterprise model helps in providing employment benefits to around 1650 women from 150 such SHGs as well as promoting their livelihood.
Mr. Abhijeet Gaan, Director, and Chief Executive Officer of Rite Water, with a mission to expand sustainable technology and infrastructure to ensure safe and potable drinking water to excluded populations in remotest corners of India and contribute to Sustainable Development Goals, comments that “The collaboration with Incofin’s W2AF, the world’s first fund dedicated to water, is a momentous accomplishment for Rite Water. It highlights the latent potential in enterprises springing from India’s tier 2 cities. This alliance empowers us to expand our reach by bringing clean drinking water to millions of people in rural India. We aim to build a sustainable social venture that not only delivers millions of liters of safe water but does so profitably, creating long-term value for all its stakeholders in the process”
Dina Pons, Managing Partner of Incofin and Fund Manager, W2AF, further adds, “Through this landmark investment, W2AF and Rite Water have formed a strategic alliance dedicated to providing safe drinking water to millions of households in low-income communities across India and beyond. We express our deep appreciation to the committed and skilled Rite Water team for their exceptional work so far. Together, we are steadfast in our common ambition to provide 50 million liters of drinking water every day by 2028. We have witnessed an emergence of water enterprises coming up in markets like Africa, India, and other parts of Asia and we are confident that we will be able to expand our outreach and build on sustainable technology interventions for safe drinking water at the ground level.
W2AF’s Investment in Rite Water aligns with the context of the recently concluded UN water conference:
The UN’s recently concluded first-ever water conference in New York in March 2023 called for a new global water deal to ensure that everyone has access to safe and affordable water. The conference also highlighted the need to invest in sustainable water solutions.
The investment in Rite Water aligns with both of these goals. Rite Water is a company that is committed to providing safe and affordable drinking water to everyone, regardless of their income or location. The company’s innovative solutions and its focus on sustainability are making a real difference in the lives of millions of people.
The investment in Rite Water is a good example of how the private sector can play a role in addressing the global water crisis. By investing in sustainable water solutions, the private sector can help to ensure that everyone has access to safe and affordable drinking water.
16, Oct 2023
ASK expands Alternative Investment offerings to Hedge Solutions
October 16, 2023, | Mumbai: ASK Asset and Wealth Management Group announced the expansion of its Alternative Investment offerings with hedge funds through a new vertical, ASK Hedge Solutions. This strategic move aims to give clients an opportunity to diversify their investments in ‘Risk-Adjusted Return’ funds for augmenting long-term wealth creation.
ASK Hedge Solutions will be helmed by hedge fund veteran, Vaibhav Sanghavi, the former Co-CEO of Avendus Capital Public Markets Alternate Strategies. Vaibhav has over two decades of experience and is one of the few fund managers to have successfully launched and managed a hedge fund under the Alternative Investment Funds (AIF) guidelines.
Alternatives have gained significant importance in asset allocation to diversify portfolio returns. ASK plans to offer a range of meticulously crafted hedge fund strategies like Long/Short funds that align with clients’ investment goals and risk tolerance in the current financial year. Classified under Category III AIFs, Long/Short funds are known for their potential to generate alpha and provide a hedge against market volatility and have become increasingly popular among investors seeking sophisticated investment options. Family Offices, Corporate Treasuries, Trusts, UHNI, and HNI investors who are looking for diversification solutions for their portfolios would be ideal investors.
Sunil Rohokale, Managing Director & CEO, ASK Group said, “ASK has always been the bellwether of asset and wealth management. We understand that compounding our investors’ portfolio returns in the long term involves capitalizing on diverse investment opportunities, including hedging against market risks. In India, the opportunity for alternates is untapped and has immense potential for growth, with the total market size poised to grow beyond USD 50 billion. Our rigorous due diligence, combined with our expertise and strong research ensures that our hedge fund strategies will be designed to mitigate risk while aiming for consistent, risk-adjusted returns. By broadening our product suite, we will deliver best-in-class solutions to domestic and offshore investors.”
“We extend a warm welcome to Vaibhav Sanghavi, who will play a pivotal role in nurturing and propelling this vertical forward. His 2 decades of expertise in establishing and growing businesses of this nature will enhance ASK’s capabilities and drive performance,” he added.
Vaibhav Sanghavi, CEO, of ASK Hedge Solutions, said, “I am honored to be joining ASK at this exciting time and be a part of its growth strategy. ASK’s commitment to continuously adapt to the evolving market dynamics and diversify into the hedge solutions business is very encouraging. I am looking forward to building this multi-product, multi-geography business targeting a massive opportunity lying ahead. With an approach of keeping investors and stakeholders at the center, we aim to offer innovative products and strategies, across platforms, focussing on generating ‘Risk-Adjusted Returns’.”
ASK Group is a portfolio company of Blackstone, the world’s largest alternative asset manager. ASK has recently launched its maiden Private Credit Fund.
16, Oct 2023
Luxury Ride expands inventory of luxurious cars to 75+ this festive season
New Delhi, 16th October 2023: As the festive season is one of the most crucial times for marketers, Luxury Ride, a one-stop destination for the most opulent range of pre-owned luxury cars, has expanded its inventory size to 75+ for pre-owned luxury cars. At present, Luxury Ride is the only brand to offer such a large collection of cars in the niche segment of pre-owned luxury cars.
Spread over a space of 10,000+ sq. feet showroom in Gurgaon, the brand exhibits an attractive collection of premium cars, from sedans to SUVs, under one roof. The brand will be offering an assortment of the most coveted, high-end models that are in demand such as Mercedes-Benz GLS, BMW X7, BMW X5, Mercedes-Benz GLE, and many more affluent cars, between the range of 20 lakhs to 1.25 crores. The brand aims to provide a hassle-free shopping experience to customers, and in this regard, the company is incessantly working toward building a strong tech-driven value chain. It aims to take the collection to more than 100 cars by the end of this financial year.
As per the report, pre-owned luxury cars have registered a 35-40% increase in demand year-on-year basis. Looking at the rising preference for luxury cars among customers, the brand is quite optimistic about clocking an uptick in sales this festive season. To achieve this, the brand has maintained an optimum inventory capacity to cater to the diverse needs of the customers and ensure timely delivery at the given point in time.
Speaking on the occasion, Himanshu Arya, Co-Founder and CEO of Luxury Ride, said, “Festive season contributes to about a quarter of yearly domestic volume in the automobile industry, owing to which we are anticipating a good traction. October- December is one of the most crucial periods to witness a large inflow of customers, and considering that they are willing to spend money, they eagerly wait for this phase. Therefore, leveraging the occasion, we decided to curate an opulent range of cars, offering more than 75+ options to help customers choose from a wide spectrum of models and segments available at a broad range of prices in one place. We are quite optimistic about the festive season, and hopeful that it will bring cheer to the industry and our brand.”
Elaborating on the same, Sumit Garg, Co-Founder and MD of Luxury Ride, said, “Buying a vehicle in India holds a lot of significance, and people plan car purchases during the festive season. Consumers even expand their budget during the season, depending on the availability and their choice or preference of cars. Moreover, observing that consumers these days are driven by the desire to own luxury cars, but considering that people nowadays generally change cars in 3-4 years, it is giving a strong push to the pre-owned luxury car segment. Therefore, observing this shifting consumer behavior and in order to cater to their requirements, we have organized the most premium collection of pre-owned cars to show value for each penny spent by them.”
16, Oct 2023
Brand Pixlr App: Unleashing the Power of Creativity, Powered by Digital Dhaba, Now Available Across India
New Delhi, 16th October 2023 – We are thrilled to announce the nationwide launch of Brand Pixlr, a cutting-edge poster-making app that is set to redefine visual content creation, now available to users across India. Developed and powered by Digital Dhaba, the Brand Pixlr offers a dynamic platform designed to empower businesses, artists, and creative enthusiasts of all backgrounds to create stunning and impactful posters with ease.
With Brand Pixlr, we are embarking on a journey to bridge the gap between artistic creativity and technological innovation. By harnessing the expertise of Digital Dhaba, we have created a powerful tool that is poised to revolutionize the way India crafts its visual narratives.
Key Features of Brand Pixlr:
Intuitive Design Interface: Brand Pixlr was created with user-friendliness in mind, ensuring that even those with no prior design experience can craft professional-quality posters effortlessly.
Diverse Templates: Choose from a diverse range of professionally designed templates, each tailored to suit various occasions, marketing objectives, or personal projects. Tailor them to your vision with ease.
Drag-and-Drop Elements: Add text, images, and icons to your posters using a simple drag-and-drop system. Customize fonts, colors, and layouts to reflect your unique style and message.
Powerful Editing Tools: Edit photos within the app, crop, adjust brightness, contrast, and apply filters to create captivating visuals that resonate with your audience.
Stock Image Library: Access an extensive library of high-quality images and graphics, ensuring that your posters are visually striking and engaging.
Export and Share: Save your creations in high-resolution formats or share them directly on social media platforms, via email, or print them for offline use.
BrandPixlr Pro: For advanced features and exclusive content, Brand Pixlr Pro offers an ad-free experience, unlimited template access, and priority support.
Words from the Founders:
Founders Manish Jha and Abhishek Sahay share their vision for the Brand Pixlr:
Manish Jha: “India is home to an extraordinary wealth of creativity and innovation. Our dream with Brand Pixlr is to democratize design and empower every politician, and individual, whether they’re a small business owner, a passionate artist, or a marketing professional, to convey their ideas through stunning visuals. We are thrilled to launch the Brand Pixlr App nationwide and excited to witness the incredible creations that will emerge from this diverse and vibrant nation.”
Abhishek Sahay: “With Brand Pixlr, we aim to make design not only accessible but also enjoyable for people from all backgrounds. It’s not just an app; it’s a movement that encourages people to explore their creative potential. We hope Brand Pixlr becomes an integral part of India’s creative landscape, and we look forward to seeing the amazing posters and campaigns that our users will create.”
Brand Pixlr, powered by Digital Dhaba, is now available for download on Android devices across India. Join us in this creative journey and explore the limitless possibilities of visual storytelling with Brand Pixlr.
16, Oct 2023
Avaada Group Inks MOU with REC Ltd for a Landmark $1.8 Billion Green Ammonia Project Financing
Mumbai, 16th October 2023 – In line with our strategic objectives and commitment to sustainable growth, Avaada Group’s Green Ammonia division is pleased to announce the formalization of a Memorandum of Understanding with REC Ltd. This seminal agreement paves the way for the financing of our green ammonia endeavor in Odisha, representing an investment commitment of 15,000 cr (approximately $1.8 Billion USD).
The MOU was executed with due ceremony in Bhubaneshwar, graced by the presence of CMD Shri Vivek Kumar Dewangan of REC and Mr. Hemant Kumar Sharma, Principal Secretary, Industries Department, Govt. of Odisha.
This corporate alliance underscores our unwavering dedication to championing sustainable energy practices within the Indian subcontinent.
It aligns impeccably with the nation’s ambitious trajectory to establish itself as a formidable player in the realm of Green Hydrogen production. We are immensely grateful for the steadfast support of the Odisha government, allowing us to channel significant investments in green energy, thereby bolstering the nation’s paradigm shift towards decarbonization.
Mr. Vineet Mittal, Chairman of Avaada Group commented, “Our collaboration with REC Ltd epitomizes the convergence of vision and action. This enterprise fortifies our journey and augments India’s trajectory towards realizing Net Zero by 2070. We wish to extend our profound gratitude to the Government of Odisha for their ceaseless patronage.”
16, Oct 2023
Gulshan Dynasty Ranks No. 1: Emerges as the First Platinum-Rated Green Home project of NCR, under V2 of IGBC, first of its kind in NCR
In a ground-breaking move towards sustainable luxury living, the Gulshan Dynasty, located in Sector 144, Noida, has achieved the remarkable distinction of being Noida’s First Platinum Rated Green Home. The Gulshan Group leads the entire NCR in delivering a higher level of sustainability certification from IGBC under the Home category.
At a towering 34 floors high, Gulshan Dynasty stands as a beacon of sustainable design, redefining the concept of contemporary luxury living. The project embodies the essence of a green building, focusing not only on the structure itself but also on its residents’ surroundings and well-being.
“Gulshan Dynasty is not just a residence; it’s a testament to the future of luxury living—a future where opulence harmoniously coexists with environmental responsibility. The project stands as a shining example of how construction can be both luxurious and environmentally responsible, contributing to a healthier planet for future generations,” says Yukti Nagpal, Director, Gulshan Group.
Gulshan Dynasty’s Platinum Rated Green Home by the Indian Green Building Council (IGBC) is a testament to the synergy between well-established sustainable techniques and innovative green ideas.
The IGBC rating system encompasses various green characteristics, including site preservation and restoration, efficient water and energy usage, responsible resource management, and innovative design processes. Buildings must meet rigorous threshold criteria to earn certification or pre-certification. The benefits of living in a Platinum Rated Green Home include:
Conservation of Water: The implementation of energy-saving measures ensures the conservation and reuse of up to 50% of water through methods such as rainwater collection and advanced irrigation system management.
Conservation of Energy: By saving 20-30% of energy consumption, the Gulshan Dynasty promotes a more eco-conscious lifestyle and reduces the demand for natural resources.
Waste Management: Each residence features a mandated waste treatment system, enabling the collection, repurposing, and reuse of waste materials.
Excellent Daylighting: Abundant natural sunlight reduces the need for artificial lighting, resulting in cost savings and health benefits.
Lower Energy Bills: Green building features contribute to 15-20% savings on power costs with the integration of solar heating systems and energy-efficient design elements.
Improved Health: Continuous air circulation, natural air filtering through plants, solar chimneys, and enhanced natural illumination enhance residents’ quality of life while reducing reliance on electrical appliances.
Lifestyle Benefits: Emphasizing sustainable development, the Gulshan Dynasty incorporates eco-friendly materials, furnishings, and light-colored interiors, enhancing the overall quality of life for its residents.
As the luxury real estate sector has experienced substantial growth in the last few years, the Gulshan Dynasty has positioned itself to meet the discerning preferences of high-net-worth individuals and millennials. Spread across 5.8 acres, Gulshan Dynasty comprises three towers soaring to 34 floors, offering 198 apartments and 6 Duplexes. With an exclusive ratio of only 36 units per acre and just two apartments per floor, Gulshan Dynasty promises privacy, space, and an unrivalled living experience.
16, Oct 2023
Synology Showcased Comprehensive Data Management Solutions For the Media And Entertainment Industry At Broadcast India 2023
Mumbai – October 2023 – Synology, a global leader in delivering comprehensive IT solutions that span edge, core, and cloud environments, showcased its range of complete data management solutions for the media and entertainment industry in India at Broadcast India 2023 between 8-10 October 2023, at Jio World Convention Centre, Mumbai.
Targeted at filmmakers, photographers, musicians, or those involved in visual effects or broadcasting, Synology storage solutions, building on a harmonious fusion of human creativity and technological innovation, envisions a world for content creators where their creativity knows no bounds.
Russell Chen, Synology Sales Manager for India, said, “As the media and entertainment industries continue to thrive and evolve, their ever-increasing demands for large-volume data management, secure storage, and comprehensive solutions that enable seamless sharing with external partners are becoming more pronounced. ” He added, “Over the last three years in India, Synology’s revenue share from the media and entertainment sector has increased from 10% to an impressive 20%-30% of our regional revenue. This substantial growth underscores our success in catering to the evolving needs of the media and entertainment industry”.
Synology, a trusted choice for esteemed media companies such as BBC Media Action in the UK and RUN Studio in the US, delivers precise, tailored, global-scale solutions to bolster the creative workflows within the media and entertainment industry. Moreover, the company has cultivated strong partnerships with its media and entertainment clients, including those in India.
In India, Synology collaborates with acclaimed photography professionals and the prestigious Pixel Village Academy in Pune. This academy harnesses Synology storage solutions for content creation, collaboration, and future-proofing data protection. Furthermore, it imparts essential knowledge to its photography students regarding the significance of data ownership and the necessity of asset backups. Conversely, an esteemed Bangalore-based animation studio that played a pivotal role in the beloved LEGO movie production uses Synology as its primary storage solution provider. Synology ensures the on-demand provision of reliable and scalable data to fuel the studio’s creative animation endeavors.
To serve these illustrious customers effectively, Synology offers tailor-made storage management solutions, addressing their unique requirements and empowering them to transcend data limitations, ultimately unleashing their boundless creativity.
Comprehensive Media File Storage Ownership
In the flourishing media industry, there is an increasingly urgent demand for efficient large-volume data storage management. In response to this need, Synology presents petabyte-scale solutions that redefine storage. The solutions offer high density, exceptional scalability, and unmatched high availability, all accessible through an intuitive and license-free portal-DiskStation Manager. Comprehensive data integrity and protection capabilities, seamlessly integrated, ensure peace of mind for customers.
Revolutionize Editing Efficiency and Facilitate Seamless Collaboration
Online editing plays a pivotal role in the fast-evolving media and entertainment business. Synology introduces a new era of editing efficiency with high-speed online editing and all-flash storage solutions. Supporting network capacities of 10GbE, 25GbE, and more, Synology empowers professionals in this dynamic industry with seamless, lightning-fast capabilities, propelling their workflows to new heights of productivity.
Unlock Media File Sharing at Unprecedented Speeds
In an era where global collaboration is vital, companies, especially those in post-production and design studios, require seamless connectivity. Synology unveils the Presto File Server, offering an unparalleled leap in file transfer speeds. Leveraging Synology’s exclusive SITA technology, users can effortlessly share media files across borders, experiencing a remarkable 68-fold speed increase compared to traditional FTP and HTTP methods. This innovative solution revolutionizes cross-border collaboration, making it faster and more efficient.
Robust Backup and Archiving: Guarding Against Threats
Ransomware threats are of utmost concern, particularly within the data-centric media and entertainment industry, where data is a paramount asset. Synology’s security solutions, including Secure SignIn and Security Advisor, play a vital role in enabling customers to protect their invaluable data. Synology consolidated backup and instant recovery solutions running on Synology NAS safeguard digital assets through comprehensive file and block-level backups, near-instant data protection with snapshots, and optimized storage efficiency with Synology’s advanced deduplication technology.
Synology® at a glance
Staying at the forefront of data management, Synology innovates and adapts to ever-evolving technologies and continues bringing new possibilities to the table, including but not limited to solutions for data storage and backup, file collaboration, video management, and network infrastructure – all designed with one goal in mind – presenting a centralized platform to simplify IT administration while driving digital transformation for businesses worldwide.
