Category Archives: Business

India to create 7.29 million green jobs by FY28, 35 million by 2047 – states NLB Services

With the growing dividend of our country’s green economy, which is on the trajectory towards $1 trillion by 2030, and $15 trillion by 2070; scaling green transformation is becoming a key priority for India Inc. On one hand the sector is aggressively investing into building green tech capabilities and streamlining green energy deployment. On the other arena, there is a major push towards building a robust workforce pipeline, as the sector continues to grapple with the challenges of a skilled resource pool. India’s green sector is expected to add close to 7.29 million green jobs by FY28 and about 35 million new jobs by 2047.

Incidentally, the new estimated employment outlook for the sector, now also precedes the projections called out in 2024 – which indicated a 15-20% Y-O-Y demand increase for the next 10 years. Organizations have also adopted a shift in their workforce strategy to strengthen the green talent pipeline – prioritizing skill based hiring and practical green competencies over traditional qualifications, forging partnerships with academia to equip youth with future sustainability skills and investing into inclusive hiring/re-skilling initiatives.

From a sectoral standpoint, majority of the new job creation is set to be fueled by industries like Renewable Energy, Waste Management, Electric Vehicles, Sustainable Textiles, and Green Construction; both across urban and peri-urban areas. While, metros like Mumbai, Bengaluru and Delhi continue to be sunshine locations for aspirants eyeing green jobs, there is a definitive spark across Tier II / III locations like Jaipur, Indore, Visakhapatnam, Indore, Ahmedabad, Coimbatore, Bhubaneswar, Chandigarh, which are steadily emerging as crucial hubs. The resurgence across industries like logistics, warehousing and sustainable agriculture is influencing the positive momentum across Tier II/III locations, which are already projected to host 35%-40% of the 7.29 million jobs by FY28.

Green job roles are also transcending beyond traditional sectors and the demand momentum for profiles like ESG analytics, green tech, and climate data analysts has already increased significantly as compared to last year, and is now projected towards a 20-30% annual y-o-y increase. Additionally, industry sentiments also indicate a dominance for hybrid profiles Demand for most roles to surge 4–6x higher, and ESG analysts to increase up to 13-20X higherthat blend sustainability expertise with digital proficiency. Green tech is additionally being fueled by innovations like precision farming, smart irrigation, and AI-driven climate modeling—while blockchain traceability is unlocking new roles in sustainable agriculture and clean tech. In fact, professionals skilled in Geographic Information Systems (GIS), Artificial Intelligence (AI), remote monitoring systems and lifecycle assessment tools are in explicit demand and will continue to be in vogue in the coming years.

Interestingly, not only green jobs are on the rise, but salary Gemini_Generated_Image_mfq644mfq644mfq6range across profiles in the sector have also recorded an average increase of 20.3% over the past 1-2 years. In the coming years, salaries in Tier I can range up to 50% higher than Tier II, also influenced by cost of living across these regions.

While on one hand, green jobs are a promising proposition, the sector also faces challenges beyond talent availability, especially with regard to gender parities. Currently women account for just 11–12% of green jobs in India, primarily owing to unequal access to technical education, cultural constraints, and workplace safety challenges. However, forward-looking organizations are adopting inclusive hiring practices, investing in women-focused skill development initiatives, and collaborating with training partners to foster a more diverse and equitable green talent pipeline. And, it’s a step in the right direction, which is expected to improve parity by 12%-15% over the course of the next 5-6 years.

Prudent Insurance Brokers appoints Shantanu Saran as Chief Business Officer

Mumbai, 2nd June 2025: Prudent Insurance Brokers, India’s leading composite insurance broker, has appointed Mr. Shantanu Saran as Chief Business Officer. With more than two decades of experience in the insurance industry, Shantanu brings a wealth of expertise in insurance broking leadership, risk management, claims advisory, customer centricity, and business development. He has been able to deliver exceptional business results underpinned by a client-centric approach and a consistent track record of strategic leadership.

In his new role, he will take on the responsibility of strategically growing Prudent. This entails identifying new opportunities for expansion, fostering relationships with key stakeholders, and implementing innovative strategies to drive overall success and profitability.

Before joining Prudent Insurance Brokers, Shantanu spent about 17 years at Marsh India Insurance Brokers, where his last role was Managing Director – Sales & Claims. Prior to that, he worked at ICICI Lombard for over 4 years, where he was the Area Head – Corporate Solution Group.

Shantanu holds a degree in Economics from Ramjas College, University of Delhi, and a Business Administration degree from K.J. Somaiya Institute of Management Studies & Research. Throughout his career, he has consistently demonstrated a strong track record of performance, leadership, and delivering value across all his assignments.

Mr. Pavanjit Singh Dhingra, Joint Managing Director, Prudent Insurance Brokers, said, “Shantanu’s appointment marks an important step in the company’s growth journey. His track record in building stakeholder relationships managing P&Ls, and innovating strategic growth opportunities aligns well with our focus on delivering value and trust. He exemplifies leadership, innovation, and a strong commitment to client-centricity. We are confident that his vision and execution will accelerate our efforts to deliver differentiated solutions, foster stronger client relationships, and reinforce Prudent’s position as a trusted industry leader.”

On his appointment, Shantanu Saran, Chief Business Officer, Prudent Insurance Brokers, said, “I am honoured to be part of Prudent Insurance Brokers at a time when the industry is evolving rapidly, and client expectations are continuously rising. Prudent’s strong foundation, client-centric culture, and clear strategic direction make it ideal to build meaningful and long-term value. I look forward to working closely with the leadership team to strengthen our market position, enhance our service offerings, and support clients in managing risk more effectively in a dynamic environment.”

Autodesk Appoints Ashish Mittal as Director of Public Sector in India and SAARC

India, June 02, 2025 – Autodesk, announced the appointment of Ashish Kumar Mittal as the Director of Public Sector for India and SAARC. With over three decades of experience in the IT industry, Ashish brings a deep understanding of government engagement, digital transformation initiatives, and strategic public sector partnerships. In his new role, he will lead Autodesk’s public sector strategy and execution across India.

His current remit includes leading the public sector sales team and driving business development activities across public sector initiatives. He will collaborate closely with stakeholders and leaders across India and APAC to enhance Autodesk’s presence and strategic partnerships in the public sector landscape.

“The public sector is a key focus area for Autodesk, and Ashish’s deep expertise in government modernization programs will be instrumental in strengthening our commitment to this segment. Ashish’s leadership will help us deepen our engagement and drive meaningful impact across India’s public infrastructure initiatives,” said Haresh Khoobchandani, Vice President, APAC & Japan, Autodesk.

Commenting on his new role, Mittal said, “Autodesk is an exciting place to be in, particularly at a transformative time like this. India’s public sector is embracing digital transformation at an accelerated pace, and I am thrilled to be a part of this journey. With Autodesk’s cutting-edge technology solutions, we aim to empower government institutions in advancing the Government of India’s Viksit Bharat agenda. Our focus will be on enabling the development of resilient, future-ready infrastructure that will continue to serve the needs of communities nationwide.”

Ashish holds a Bachelor of Technology in Computer Science and Engineering, providing him with a strong technical foundation that complements his deep expertise in government sales, business planning, partner management, and people development. Over the course of his career, he has held leadership roles at renowned organizations including Zenith, HCL, Oracle, Microsoft, Adobe, and ESRI India. His track record reflects a consistent ability to build and scale businesses, drive sustained profitability, and foster long-standing client and partner relationships, particularly within the public sector landscape.

Gartner Predicts by 2028, 80% of GenAI Business Apps Will Be Developed on Existing Data Management Platforms

MUMBAI, India, June 2, 2025 — Gartner Inc. predicts that organizations will develop 80% of Generative AI (GenAI) business applications on their existing data management platforms by 2028. This approach will reduce the complexity and time required to deliver these applications by 50%.

During the Gartner Data & Analytics Summit taking place in Mumbai this week, Prasad Pore, Sr Director Analyst at Gartner, said, “Building GenAI business applications today involves integrating large language models (LLMs) with an organization’s internal data and adopting rapidly evolving technologies like vector search, metadata management, prompt design and embedding. However, without a unified management approach, adopting these scattered technologies leads to longer delivery times and potential sunk costs for organizations.”

As organizations aim to develop GenAI-centric solutions, data management platforms must evolve to integrate new capabilities or services for GenAI development, ensuring AI readiness and successful implementation.

Enhancing GenAI Application Deployment With RAG

Retrieval-augmented generation (RAG) is becoming a cornerstone for deploying GenAI applications, providing implementation flexibility, enhanced explainability and composability with LLMs. By integrating data from both traditional and non-traditional sources as context, RAG enriches the LLM to support downstream GenAI systems.

“Most LLMs are trained on publicly available data and are not highly effective on their own at solving specific business challenges,” said Pore. “However, when these LLMs are combined with business-owned datasets using the RAG architectural pattern, their accuracy is significantly enhanced. Semantics, particularly metadata, play a crucial role in this process. Data catalogs can help capture this semantic information, enriching knowledge bases and ensuring the right context and traceability for data used in RAG solutions.”

To effectively navigate the complexities of GenAI application deployment, enterprises should consider these key recommendations:

Evolve Data Management Platforms: Evaluate whether current data management platforms can be transformed into a RAG-as-a-service platform, replacing stand-alone document/data stores as the knowledge source for business GenAI applications.

 Prioritize RAG Technologies: Evaluate and integrate RAG technologies such as vector search, graph and chunking, from existing data management solutions or their ecosystem partners when building GenAI applications. These options are more resilient to technological disruptions and compatible with organizational data.

 Leverage Metadata for Protection: Enterprises should leverage not only technical metadata, but also operational metadata generated at runtime in data management platforms. This approach helps protect GenAI applications from malicious use, privacy issues and intellectual property leaks.

Gartner clients can learn more in “Predicts 2025: 4 Ways AI Will Disrupt Data Management Markets and Solutions.”

Learn how to ensure that your data is ready for use in the specific AI initiatives you plan to pursue in the complimentary Gartner AI-Ready Data Essentials Roadmap.

Gartner Data & Analytics Summit

Gartner analysts are providing additional insights on the evolving landscape of data, analytics and AI, focusing on adeptly balancing opportunity and risk while ensuring business value at the Gartner Data & Analytics Summit in Mumbai this week. Upcoming conferences include June 17-18 in Sydney. Follow news and updates from the conferences on X using #GartnerDA.

Tata Steel Special Economic Zone’s Gopalpur Industrial Park joins World Economic Forum’s Transitioning Industrial Clusters Initiative

Chandigarh, June 2, 2025: Tata Steel Special Economic Zone’s Gopalpur Industrial Park (GIP) joins the World Economic Forum’s (WEF) Transitioning Industrial Clusters Initiative that brings together public and private sector stakeholders from industrial clusters to reduce their CO2 emissions while driving economic growth and creating jobs. This global initiative, implemented in collaboration with Accenture and Electric Power Research Institute (EPRI), seeks to accelerate large scale decarbonisation by fostering industrial ecosystems that promote sustainability, energy efficiency, and green innovation.

Located in the Ganjam district of Odisha, GIP is fast emerging as a hub for green hydrogen/green ammonia and green energy equipment manufacturing. With a clear focus on sustainability, GIP will bring together its own development goals and India’s National Green Hydrogen Mission, which aims to position the country as a global leader in the production, utilisation, and export of green hydrogen and its derivatives.

Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, said, “Gopalpur Industrial Park is proud to be part of this transformative initiative by the World Economic Forum. The ongoing rapid industrialisation of Odisha, which includes large clusters like GIP, is also offering new opportunities to dedicate our infrastructure and expertise, to create a decarbonised future. GIP’s focus on green hydrogen and renewable energy clusters reflects our unwavering commitment to sustainable industrial development. By leveraging global best practices and innovative partnerships, we aim to contribute significantly to India’s clean energy targets. We expect few more projects of similar nature to come up in GIP shortly.”

Around 25% of GIP’s available land has been earmarked for green hydrogen/ammonia and renewable energy sectors, aligning with national sustainability goals. GIP has also signed land leasing and blocking agreements with multiple green hydrogen players, facilitating a total capacity of >2 million tonnes per annum of green ammonia with an estimated multi-phased investment of more than Rs. 27,000 Crores. With these investments in place, GIP will be able to contribute around ~10% of India’s green hydrogen/ammonia production target by 2030 under the National Green Hydrogen Mission. GIP’s infrastructure master plan has several key components including a 2.5 km long, 60 m wide exclusive utility corridor connecting GIP to Gopalpur Port to ensure secured and efficient transportation of green ammonia for global exports. GIP has already collaborated with Gopalpur Port to facilitate seamless shipment of green ammonia to international markets, supporting India’s export ambitions.

Further, to ensure sustainable, round-the-clock water availability, GIP has a provision to set up a desalination plant, addressing critical industrial water needs while safeguarding local resources. GIP is also working to facilitate reliable green power transmission from the western regions of India that will strengthen its commitment to providing clean energy solutions. GIP is also working towards setting up a Common Effluent Treatment Plant for safe disposal of industrial wastewater.

The Leela Ambience Gurugram Hotel & Residences Presents an Exquisite Father’s Day Brunch Celebration

Gurugram, 2 June 2025 – This Father’s Day, The Leela Ambience Gurugram Hotel & Residences, a quintessential luxury urban sanctuary invites guests to praise the charm of fatherhood with a celebration as refined as it is indulgent. On Sunday, 15th June, 2025, the hotel’s award-winning restaurant, Spectra, will play host to an indulgent Father’s Day Brunch – a gourmet affair designed to raise a glass to the everyday heroes in our lives.

Set within the striking expanse of Spectra, where curated wine displays meet the comfort of semi-private and private dining enclaves, the brunch will be an immersive culinary experience. Seven live, interactive kitchens will serve an exceptional spread curated by expert chefs.

With its 24-hour appeal and stellar reputation for impeccable flavours, Spectra continues to reimagine all-day dining in the city. For Father’s Day, the team has gone a step further, designing a theme-based cocktail menu that elevates the classics with finesse. Guests can sip and savour as the rhythm of live music flows through the venue, setting the tone for a celebration that is both heartwarming and elevated.

Whether you’re gathering for laughter, legacy, or simply to say thank you, The Leela Ambience Gurugram Hotel & Residences offers the perfect backdrop for cherished memories. At this destination where elegance meets soul, Father’s Day Brunch becomes more than a meal – it becomes a special moment.

Remsons Industries Inaugurates State-of-the-Art Manufacturing Facility for Locomotive Applications

Pune, June 02, 2025: Remsons Industries Limited, a leading automotive components manufacturer, has opened its new state-of-the-art facility dedicated to producing high-performance products for locomotive applications. The new plant, located in Chakan, marks a significant milestone in the company’s ongoing expansion and commitment to supporting the railway sector with advanced, reliable, and sustainable solutions.

The facility was inaugurated by Mr. Krishna Kejriwal, CMD, in the presence of company executives & industry partners. Spanning area in 30,000 sq. ft., the facility is equipped with the latest in precision engineering technologies, assembly systems, and quality control processes tailored to meet the rigorous demands of modern locomotive applications.

“This new facility strengthens our position as a trusted partner to the rail industry. We are committed to excellence in innovation, safety, and sustainability, and this plant will enable us to meet the growing demand for high-quality locomotive components both domestically and internationally,” said Mr. Kejriwal.

Key highlights of the facility include Advanced CNC machining, Sheeting Metal Fabrication with Welding Capabilities, In-house testing and validation lab for railway standards compliance, and Skilled workforce training centre.

The products manufactured at the new facility will serve both freight and passenger rail segments, enhancing the performance and reliability of locomotive systems worldwide.

India’s heart once again beats to the iconic ‘Namak ho Tata Ka…Tata Namak’ jingle

Chandigarh, 2nd June 2025- Inspired by the overwhelming consumer love for its ‘Namak ho Tata ka… Tata Namak’ campaign last year, India’s No.1 iodized salt brand, Tata Salt, returns with a fresh new edition of ‘Namak Ho Tata Ka… Tata Namak’. This 2.0 version builds on the deep emotional connect forged with households across the country, reimagining the iconic jingle to spark renewed love, connection, and purpose.

The new campaign features eight heartwarming and playful brand films, that elevate the nostalgic melody while delivering a powerful message: Tata Salt, with the right amount of iodine, supports children’s mental development, building a sharper generation for future. Reinforcing its position as Desh Ka Namak, the campaign celebrates Tata Salt’s unmatched product trust and functionality in an entertaining, engaging, and musical format.

Conceptualized by Ogilvy, the multi-asset campaign captures slice-of-life moments, from lullabies and classrooms to kitty parties, weddings, and everyday family scenes, portraying Tata Salt as an inseparable part of Indian homes.

The films reflect everyday life across Hindi heartland families, expressive Bengali homes, and emotionally rich Marathi households. The storytelling also resonates across generations, celebrating real, authentic moments.

In one film, a teacher uses a nostalgic jingle to teach the importance of iodine in a familiar school setting, blending education with emotion. Another showcases a lively Hindi-speaking household, where Tata Salt quietly supports every culinary tradition and loving exchange. With its nostalgic yet catchy tune, the campaign proudly reaffirms Tata Salt as Desh Ka Namak, reaching millions with its rhythm and timeless message with the initial release of four films during IPL.

Commenting on the campaign, Ms. Deepika Bhan, President – Packaged Foods, Tata Consumer Products Ltd., said, ” This is a beautiful, natural follow-up to our last year’s campaign, presenting the iconic jingle again in a refreshing way. ‘Desh ka Namak’ is more than just an emotion, it’s a promise built on quality, integrity, and generations of trust built over four decades. This campaign will deepen our bond with consumers and reaffirm our commitment to happiness, and trust in every home.

Anurag Agnihotri, Chief Creative Officer – Mumbai & Kolkata, Ogilvy, added, “Tata Salt wanted to tell people about building sharper minds through iodine addition. But how do you make something as vital as child’s mental development impossible to ignore? So, we turned to the 80’s, an era that made everything unforgettable through a jingle. We took our iodine story, dressed it in 80s flair, and sent it through every corner of Indian life, from vidaais, to classrooms to kitty parties. This is our love letter to a golden era of advertising, reimagined for today’s India.”

Udaan Closes Series G with Dollar114M Raise Led by M&G and Lightspeed

National, June 2, 2025: udaan, India’s leading eB2B platform, today announced the successful closure of its Series G financing round raising USD 114 Million in fresh equity capital. The round was led by M&G Investments and Lightspeed with participation from other existing and new investors, reflecting strong investor conviction in udaan’s long-term opportunity and its progress towards public market listing.

 The fresh capital will be deployed to strengthen udaan’s category and customer footprint, with focus on Fast-Moving Consumer Goods (FMCG) category and Hotel, Restaurant, and Catering (HoReCa) customer segment. udaan will also accelerate its private label brands initiatives in the staples category. This capital raise will also fortify udaan’s balance sheet, providing enhanced financial flexibility as the company advances toward its public market debut.

 As part of its long-term vision, udaan is focused on driving “consistent growth with profitability at scale” by following regional cluster-led operating model reinforcing its commitment to building a sustainable and scalable business.

 Backed by solid business fundamentals, udaan continues to demonstrate strong contribution margin accretive growth, clocking 60%+ Year-on-Year (Y-o-Y) growth in CY 2024, alongside a 300+ basis point improvement in contribution margin. This growth trajectory has continued into CY 2025 with an additional 100+ bps contribution margin improvement year-to-date. Alongside the contribution margin growth and scale operating leverage, udaan also reduced its fixed costs by 20%, leading to a 40% reduction in EBITDA burn in calendar year CY 2024 and an additional 20% reduction year-to-date in CY 2025.

 Vaibhav Gupta, Co-founder and CEO, udaan, said, “Over the last 3 years, we have transformed the business by building cost as a capability and a competitive advantage. We have reduced our EBITDA burn by 40% every year for the last 3 years and are on track to achieve full group EBITDA profitability in the next 18 months.

 udaan’s hybrid model of ‘highly available eCom app + new-gen tech-first sales’ is now established as the benchmark winning model for eB2B, providing an ROI accretive customer wallet growth, and a strong solution for brands and manufacturers to drive product mix.”

 Completion of series G round enables us to continue investing in our customer-tech platform, sales-tech capabilities and deepening our customer value proposition helping us deliver our goal of consistent growth with profitability at scale.”

Errol Musk Visits India to Boost Servotech’s Green Tech Mission

NEW DELHI, INDIA – June 2, 2025 – Mr. Errol Musk, Global Advisor to Servotech Renewable Power System Ltd. And renowned global entrepreneur, has arrived in India today for a pivotal visit focused on accelerating the nation’s green technology and electric vehicle (EV) charging infrastructure development. His six-day itinerary is packed with Servotech’s Manufacturing Plant visit, Ram Mandir visit, high-level engagements, including a key industry forum, and meetings with government officials.

 Mr. Musk’s visit underscores the burgeoning global interest in India’s rapid strides towards sustainable development and its ambition to be a leader in green technology exports.

 “We are incredibly excited to welcome Mr. Errol Musk to India,” said Mr. Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. “His profound expertise and global vision as our Global Advisor are invaluable as we drive India’s mission to become a powerhouse in green technology and EV charging exports. This visit signifies a major step towards ‘Keeping Bharat Ahead’ on the global stage.”

 During his stay, Mr. Musk will engage with a diverse set of stakeholders:
• June 2, 2025: Mr. Musk will deliver a keynote address at the India–Global Green Tech Vision Forum 2025 at the Taj Palace, New Delhi. This event will bring together policymakers, investors, business leaders, and senior bureaucrats to discuss India’s strategic push for leadership in green technologies.
• June 3, 2025: He will undertake an exclusive visit to Servotech Renewable’s state-of-the-art manufacturing plant in Sonipat, Haryana, to witness firsthand the innovative production of EV chargers, solar solutions, and other sustainable technologies, showcasing the ‘Make in India’ excellence.
• June 4, 2025: Mr. Musk, accompanied by Servotech’s leadership, is scheduled to seek blessings at the sacred Shri Ram Lalla temple in Ayodhya.

 “It is an immense privilege to be in India and witness its vibrant progress in green technology and sustainable development,” stated Mr. Errol Musk. “India’s commitment to a cleaner future and its burgeoning EV ecosystem present incredible opportunities. I am eager to contribute to Servotech’s vision and explore the potential for India to lead the global green revolution.”