16, Dec 2023
Investcorp inks deal to lead an investment of INR 340 Crores in Canpac Trends
16 December 2023: Investcorp, a leading global alternative investment firm, announced that it has led an investment of INR 340 crore (~$41 million) in Canpac Trends, a leading provider of paper-based packaging solutions. The contemplated transaction will also provide a partial exit to JM Financial India Fund II that has been invested in Canpac since 2021.
Founded by Nilesh Todi, Ahmedabad-based Canpac offers folding carton solutions to customers in diverse end-use industries which include Fashion & Retail, Food and Food Services, FMCG, and Industrial Products. In addition to folding cartons, Canpac also provides paper bags, luxury boxes, corrugated cartons, and flexible laminate solutions. Canpac has 4 modern manufacturing plants across three cities – Ahmedabad, Kolkata and Tiruppur. Canpac’s state-of-the-art R&D facility provides real-time sampling and customized packaging solutions to its customers.
This investment will help Canpac expand its production footprint to all major manufacturing hubs of the country. Additionally, these funds will be utilized to accelerate growth via acquisitions and strengthen its R&D initiatives.
Nilesh Todi, Founder of Canpac Trends, shared, “This investment comes at a vital point in our growth journey as we continue to expand our presence across India. This funding round will enable us to scale up our manufacturing and sales capabilities. We are delighted to partner with Investcorp, a globally recognized investor with a strong track record of adding value to investee companies. We will continue to work towards achieving our vision of becoming India’s go-to packaging solutions provider”.
Gaurav Sharma, Head, India Investment Business, Investcorp, said: “At Investcorp, we are always on the lookout for companies run by ambitious first-generation entrepreneurs that we believe will outperform peers. Nilesh Todi has demonstrated that, with consistent execution over a period of time. Paper packaging also champions sustainability, a key Investcorp priority for each one of our investments across all our geographies”.
Anshuman Goenka, Partner, Investcorp, said, “We are excited to partner with Nilesh Todi in the next phase of Canpac’s growth. While paper packaging market is over INR 570 billion in India, the industry remains highly fragmented with an opportunity for leaders to consolidate. In this industry, Canpac has firmly established itself as a leader which is able to serve customers with superior standards of quality and safety. At Investcorp India we believe in – ‘consolidation of unorganized sectors, and a long-term growth in brand spends’. This investment brings both these together”.
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- By Rabindra
16, Dec 2023
A ‘LEAP’ of a Lifetime with Tata Motors
National, December 16, 2023 – Young men and women from different parts of the country have taken a LEAP of faith with Tata Motors’ initiative ‘LEAP (Learn to Earn and Progress Programme)’ for the past decade. Run under the Public-Private-Partnership Model (Industrial Training Institutes, Tata Motors dealers & TASSs and Tata Motors), the programme aims to provide sustainable livelihoods, especially to unskilled youths from disadvantaged sections of society. Notably, the programme’s success is evident as it has expanded from two institutes in 2013 to an impressive 60 institutes by 2022, and 1500 youth get trained under the programme every year.

A 12-month programme, the LEAP curriculum dedicates 70% of the curriculum to hands-on experience at service centres, creating a comprehensive learning environment. With a focus on inclusivity, LEAP has on its rolls underprivileged youth both from rural as well as urban and semi-urban localities, who have dropped out of school and there is a focussed effort to register more women under the prorgramme.
Tata Motors serves as a knowledge partner and provides the content for the training, while Industrial Training Institutes provide the required infrastructure for conducting the training. Dealer & TASSs help these students with on-the-job training and a stipend for the same. The programme has been clocking 85% placement on an average in the past decade. In addition to this, an increasing number of women are getting enrolled in the programme and diversity has grown to 13% in the past decade.

Vinod Kulkarni, Tata Motors’ Head of Corporate Social Responsibility, said, “LEAP transcends a skills programme and qualifies to be a transformative programme wherein the future of the attendees are moulded into compelling success stories. The programme has a twin purpose of creating a workforce for the future as well as empowering individuals and their families to improve their standards of living and above all, rekindle their dreams. LEAP highlights Tata Motors’ unwavering determination to bring about affirmative changes within communities we work in.”
In its continuous evolution, LEAP remains agile, embracing new technologies and entrepreneurial modules to adapt to dynamic market demands. LEAP embodies a dynamic force driving positive change, exemplifying Tata Motors’ enduring pledge to empower, innovate, and build a brighter tomorrow for all.
16, Dec 2023
HFCL Takes the Lead: Unveiling a New Era in Defence Tech with Cutting-Edge Radars
Bengaluru, 16 December 2023: In a notable development, HFCL Limited (HFCL), a technology enterprise in India and provider of state-of-the-art telecommunication products and solutions, is poised to transform its impact in the defence sector. This transformation involves a strategic focus on radar technologies to fulfil the critical Information, Surveillance, and Reconnaissance (ISR) needs of Defence and Security Forces. The deployment of these cutting-edge radar technologies offers unparalleled advantages and showcases versatile applications across multiple sectors, underscoring HFCL’s unwavering dedication to innovation and excellence in the defence industry.
In its initial offering, HFCL through its 90% owned subsidiary, Raddef Private Limited, an R&D enterprise specialising in cutting-edge radars and RF solutions, has designed a range of Surveillance Radars catered to meet diverse operational needs. These radars employ Frequency Modulated Continuous Wave (FMCW) technology offering numerous advantages over other radar technologies, including high accuracy, low power consumption, and resistance to interference.
Apart from the application of ground surveillance for border and parametric security, FMCW radars offer a wide range of applications, from weather radar to navigation systems. Their unique capability to simultaneously measure distance and velocity positions them as essential technology for various modern applications. With diverse variants catering to specific operational requirements, these surveillance radars are exceptionally versatile, portable, and deployable across challenging and hostile terrains.
HFCL is also actively engaged in the development of a state-of-the-art Drone Detection Radar, poised to be an important component of modern drone detection systems. HFCL’s ongoing cutting-edge research and development initiatives extend to a diverse range of radar technologies. These include Doppler Weather Radars, Threat Emulators, LTE-based Passive Radars, Fog and Foliage Penetration Radars, Coastal Surveillance Radars, Avalanche Detection Radars, Altimeters, and more. These innovative radar systems, spanning various technologies, play a pivotal role in meeting the operational and functional needs of users across diverse sectors and domains.
The worldwide market for surveillance Radars is expected to reach to USD 12 billion per annum by 2030 from the current market size of USD 6.87 billion per annum.

Mr. Mahendra Nahata, Managing Director, HFCL said, “We embark on a transformative journey, driven by a vision to fortify national security and innovation. Our foray into ground surveillance radars, drone detection radars, and a spectrum of advanced radar solutions reflects our commitment to empowering defence and security forces with cutting-edge technology. These radars, with their diverse applications across sectors, symbolize our dedication to safeguarding the present and shaping a secure future for our nation. Our strategic investment of 90% in Raddef Private Limited underscore HFCL’s commitment to fostering Make-in-India technology, solidifying our position as a trusted partner in the defence communication domain.”
India accounts for 3.7% of global military spending, making it the third-highest military spender in the world after the U.S. and China. This makes it to be a huge opportunity for HFCL to contribute and lead with innovation in the Indian Defence tech space. In alignment with the Government’s Make in India Policy, HFCL is proud to contribute in helping the Country modernise its military capabilities, through its indigenous defence tech innovations.
16, Dec 2023
Nestlé India celebrates five years of Project Hilldaari
Bengaluru, 16 December 2023: Project Hilldaari is a Nestlé India initiative in partnership with PLAN Foundation and Stree Mukti Sangathana and technical partner Recity India Pvt Ltd. Over the last five years, project Hilldaari has successfully developed inclusive and resilient models for waste management in select tourist cities of India. The project is currently operational in Ponda, Mussoorie, Mahabaleshwar, Munnar, Dalhousie, Darjeeling and Palampur
Commenting on the occasion, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “Five years ago we embarked upon an important journey with Project Hilldaari by bringing about positive change through collective action and adopting sustainable waste management models. Through a multi-stakeholder approach, we are successfully implementing this project across 7 tourist destinations and the project has grown from strength to strength. I would like to congratulate all our partners, for making our vision a reality.”
Upon reaching the milestone of five years for Project Hilldaari, Ms. Jyoti Mhapsekar, President, Stree Mukti Sanghatana said, “The last five years of Project Hilldaari have been extremely fulfilling for the team, where we conducted some meaningful work such as professionalization of the waste workers community. We take pride in the way we have been able to raise awareness across stakeholders. We would continue to collaborate and positively impact the ecosystem in these cities.”
Meha Lahiri Co-founder, COO, and CFO, of Recity Network India expressed her elation on the milestone and said, “Recity Network India has been working towards giving rise to a circular economy of plastics and Hilldaari has been one of the shining examples of projects aiding this cause. We are extremely happy with the progress we have made with Project Hilldaari and would continue to put continued efforts to take this cause further.”
Project Hilldaari in its existing locations across India has diverted more than 28,000 MT of waste from landfill through source segregation. 80% of source segregation has been achieved across more than 20,000 residential and commercial waste collection points.
Hilldaari believes that every member of the society can contribute towards making a positive change. These partnerships invoke a sense of solidarity and collective spirit among citizens. The initiative is progressively working towards professionalizing waste workers towards segregation of waste at source through a multi-collaborative approach with municipal councils, citizens, contractors, waste workers, and influencers. Through Project Hilldaari over 560 waste workers have trained to become a part of behaviour change interventions. The project has also provided them with occupational ID, benefits such as health insurance, protective gear necessary for their work, and other such benefits.
16, Dec 2023
Bank of India unveils BOI STAR EXPORT CREDIT Product for Exporters
Bangalore, 16 December 2023: Bank of India (BOI) has launched its latest financial offering for exporters, “BOI STAR EXPORT CREDIT” – a key product designed to fuel the growth of export-oriented units in India with specific focus on Agriculture and MSME exporters.
BOI expects the product to find favour among exporters since exports play a major role in the economy’s overall development by creating more job opportunities while introducing technological advancements and global product offerings as well as boosting forex reserves.
Launched by Bank of India’s MD & CEO Shree Rajneesh Karnatak on 12 December, the product has features such as competitive ROI starting from 7.50% p.a., ECGC premium cost being shared by the Bank, pre- and post-shipment limit interchangeability, standby line of credit facility, no capping on the upper limit of financing and other benefits.
The product will be marketed pan-India in a focused manner via BOI’s robust network of 10 Large Corporate branches, 18 Emerging Corporate Credit branches, 125 SME-focused branches, 179 forex Authorised Dealer (AD) branches, and 115 SMECC/UCs. As it has been rolled out for all branches across India, the Bank is expecting a 30% growth in its export credit portfolio through this product.
16, Dec 2023
OTO and Flashaid in Collaboration to offer Embedded EMI Protection to 2-Wheeler Buyers
Bengaluru, December 16, 2023: OTO, a pioneering digital commerce platform and a leading player in two-wheeler financing, today announced its partnership with Flashaid, an insurtech platform (earlier known as EasyAspataal) that provides pocket health cover, to provide Embedded EMI Protection plan to address financial stress concerns for riders seeking financing for 2-wheeler purchases. This will provide users with a safety net for unexpected contingencies such as health risks or job losses, ensuring that EMI payments are covered in these adverse cases.
The collaboration aims to provide riders with ease of mind by alleviating financial burdens and enhancing financial security during unexpected periods of fiscal duress. Customers can now take full benefit of this functionality when they choose to get their vehicles financed through OTO as this embedded feature will automatically ensure them against missing out on EMIs due to any unforeseen health-related or employment-incumbent mishap.
Sumit Chhazed, Co-Founder and CEO of OTO emphasized, “At OTO, we understand the critical issues facing the underserved segment where cash reserves are limited, and credit repayment can become a relentless financial loop. Breaking this cycle is a moral imperative and through our partnership with Flashaid, we are committed to empowering individuals by equipping them with the necessary aid and robust support systems to help them surmount financial risk barriers. This is a pivotal step towards our achieving our stated commitment of making financial services inclusive by ensuring that everyone can access and benefit from financing without apprehension and fear of uncertainty.” resources.”
Manoj Gupta, Founder of Flashaid, outlines the company’s partnership with OTO Capital which is aimed at ensuring the security of 50,000+ borrowers and a consequent reduction of 30 per cent in financial stress via the Embedded EMI Protection facility. He further added, “Prioritizing customer-centric financial services and acknowledging the impact of monthly loan repayments on the borrower’s mental well-being in today’s fast-paced world is a reality that needs to be acknowledged and mitigated by customer-oriented companies.”.
As per a recent TransUnion CIBIL report, RBI research, and a Fitch Rating study, etc., in 2023, the average EMIs for 2-wheelers experienced a significant spike of 15-20 percent, attributed to escalating interest rates and rising vehicle costs. This surge in EMIs has created financial strain, with over 35 percent of 2-wheeler loans deemed at risk of delinquency, according to industry estimates. The potential fallout from delinquency includes the looming threats of repossessions and credit score damage, posing substantial challenges to borrowers’ overall financial stability.
15, Dec 2023
Youth who own a mobile phone are around twice as aware of the term life skills as compared to those without access to a mobile

New Delhi – 15 Dec, 2023: A comprehensive survey, titled ‘The Voices Survey’ has provided valuable insights into the state of life skills education in India. The survey aims to understand the awareness and perceptions of life skills among youth, parents, school teachers/ ITI Trainers, and trainers in Technical and Vocational Education and Training (TVET) institutions. The survey was jointly conducted by Life Skills Collaborative in partnership with Breakthrough, Quest Alliance, and Pratham Education Foundation.
The Voices Survey 2023 was conducted across 11 districts in states such as Rajasthan, Uttar Pradesh, Maharashtra, Uttarakhand, Haryana, and Mizoram, the survey provides a nuanced understanding of the challenges and opportunities faced by the youth with regards to life skills education.
Rukmini Banerji, Chief Executive Officer, Pratham Education Foundation said:
“The findings from ‘The Voices Survey’ underline the urgent need for initiatives that offer our young people opportunities to understand and acquire life skills. The public education system has a very important role to play in enabling this. Importantly, the survey revealed that most youth who were familiar with life skills had heard about them from their teachers, illustrating the critical role of public education systems in integrating life skills education into the curriculum.”
The survey employed a multi-method approach, combining quantitative indicators with qualitative exploration through focus group discussions. A total of 15,856 youth and 13,806 parents were surveyed through household visits, providing a comprehensive understanding of their views on life skills. Additionally, 2,366 school teachers participated in the survey, providing valuable insights from an educator’s perspective.
Key findings of the survey are as follows:
Experience of vocational/skill training
The survey reveals that 80% of the surveyed youth in rural India are yet to pursue vocational or skill training, emphasizing a significant skills gap. Computer courses stand out as the top choice among those who have undertaken training. Notably, gender disparities exist, with 39% of young women opting for vocational training compared to 33% of males. Regional variations are apparent, with 96% of youth in Lunglei, Mizoram, lacking vocational training, while 44% and 43% in Solapur and Satara (Maharashtra) have pursued such courses. These findings point to the pressing need for targeted efforts to address the skills gap and regional disparities in youth vocational training opportunities.
Access to Digital Devices
The survey reveals a pronounced reliance on smartphones among rural youth, with 92% of those surveyed reporting the use of smartphones, particularly for communication (92%), entertainment (95%), and education (88%). Rural youth, especially older males, leverage smartphones not just for entertainment but also for educational purposes, emphasizing the device’s multifaceted role in their lives. It is interesting to note a marked rise in the category of “learning new things” among young women. Nearly 67% and 77% of 14-18 and 19-22 age group female youth, respectively, reported using their phones to learn new things as compared to 44% and 51% of male youth in the respective age group.
Around 90% of the sampled older youth (19-22 years) had access to mobile phones while only 71% of the younger youth (14-18 years) had access. There is a marked gender gap in access to mobile phones. Among the older youth, for example, just 5.5% of sampled males had no access to mobile phones, but the corresponding proportion among females was three times higher at 16.3%.
Youth who own a mobile phone are around twice as aware of the term ‘life skills’ as compared to those without access to a mobile. Similarly, youth who know how to use a computer are around twice as much familiar with the term than those who don’t.
Sohini Bhattacharya, Chief Executive Officer, Breakthrough said:
“Listening to ‘Voices from The Ground,’ is an essential part of making sure that the work that we are doing is actually meaningful for the communities we are partnering with. Here participants explore vital competencies like communication, critical thinking, problem-solving, emotional intelligence, and resilience; influencers and gatekeepers add to the inspiration, encouraging attendees to integrate life skills into their daily lives and communities learn to value the data we gather from them, see for themselves the results on the ground and react to it”
Exposure to News/Mass Media
While almost 80% of rural youth engage rarely (49%) or never (31%) with news, older youth (19-22 years) show higher daily exposure (13%) compared to their younger counterparts (6%). However, gender differences in news engagement are marginal. There is an evident gap in news awareness among rural youth, suggesting an opportunity for targeted interventions to improve their access to current affairs and diverse information sources, to increase the adoption of life skills courses.
Life Skills Awareness and Perceptions among Youth
The study explores youth’s awareness of life skills, revealing that approximately 4 in 10 youth have heard of the term ‘life skills’ or ’21st-century skills.’ Age, education level, and access to digital devices influence awareness. Overall, 41% of youth are aware of life skills or 21st Century Skills, with older individuals (50%) more informed than younger ones (38%). Awareness varies across districts, with Karnal (61%) and Jhajjar (55%) in Haryana showing the highest levels, while Gorakhpur (13%) in Uttar Pradesh has the lowest. There are no gender differences overall, but in Lucknow (Uttar Pradesh), males (42%) are more aware than females (28%), while in Satara (Maharashtra) and Dehradun (Uttarakhand), the reverse is true.
Sources of Life Skills Awareness
Teacher guidance (65%) and school textbooks (36%) emerge as the primary sources of life skills awareness among rural youth. Variations across age groups highlight the importance of targeted educational strategies. Collaborations with educators and educational materials could enhance youth exposure to life skills concepts. Challenges in learning life skills include a lack of knowledge, materials, and limited discussions at home and school. A systematic approach to life skills education is needed, addressing challenges and tailoring content to the specific needs and perceptions of diverse youth groups.
Aakash Sethi, Chief Executive Officer, Quest Alliance
“The Life Skills Collaborative provides a platform where several organizations can come together to ensure that life skills become an integral part of formal education. This unified platform amplifies collective voices, and helps set benchmarks and standards for life skills. It also guides government bodies in building curriculum and assessments in line with these standards. Additionally, it persuasively advocates the necessity of these skills to thrive in the 21st century.”
Life Skills Awareness among Parents
The surveyed parents, particularly mothers, demonstrate limited awareness of the term life skills. More than one-third of mothers had never been to school, and only 21% had heard of the term life skills. Fathers, with a higher education rate, showed a more significant awareness (over 35%). Parental awareness gaps underline the need for targeted awareness campaigns and inclusive family education programs.
Parent Access to Mobile Phones and Usage
Gender disparities in mobile phone access persist among parents, mirroring trends observed in the youth demographic. Only half of surveyed mothers own mobile phones, contrasting with over 80% of fathers. Additionally, women have less access to smartphones, with notable differences in usage patterns. Gendered patterns in mobile phone access underline the importance of addressing technology gaps to ensure equal opportunities for all parents.
15, Dec 2023
Meet Millet Magic, The Mindful Christmas Tree at ITC Grand Chola, Chennai

December heralds the season of cheer, festivities, goodwill, and care with Christmas its crowning glory.
With 2023 being commemorated as the International Year of Millets, ITC Grand Chola has chosen to showcase this mighty grain in its Christmas Tree. Millets are known for their magical properties that nurture well-being and promote good health.
The Millet Magic Christmas Tree is rooted in the ethos of Responsible Luxury & Sustainability. Standing tall at 15 feet, the entire family of millets – Ragi, Kambu, Foxtail Millet, Samai, Barnyard Millet, Pearl Millet, and Varagu, unveil their magic in layers, ornaments, bells, and stars. This unique structure is well illuminated and is flanked by bags of different millets and various other elements that adorn the base.
The tree also represents ITC Grand Chola’s LEED ZERO CARBON status, which is a game-changer in a world riven by climate alterations.
Over the past decade, we have presented unique trees to the city- be it the tastefully done Kanchipuram Saree tree, Woody- the tree made with re-engineered wood waste, or the one with LED bulbs, or last year’s, Palmyra tree. Standing tall in the middle of the grand Sangam Lobby, this year, “Millet Magic” blends beautifully with the warm and welcoming atmosphere, spreading the cheer of the festive season!
15, Dec 2023
German Varsity’s Nano Master Earns Credit Recognition through Joint Certification with Indian Sector Skill Councils
New Delhi: German Varsity, a cluster of 10+ Universities and 40+ Industries in Germany, proudly announces a pioneering collaboration with Indian Sector Skill Councils (SSCs) for certification courses in new-age disciplines. The event, held today at the PHD Chamber of Commerce, marked a significant milestone in recognizing and accrediting German Varsity’s Nano Master program.
This collaborative initiative aims to unite industry leaders, educational institutions, and stakeholders from the Electronics, Management, and Automotive sectors. During the event, German Varsity entered into five Memorandum of Understanding (MoUs), three of which were with prominent sector skill councils: Electronics Sector Council of India (ESSCI), Management & Entrepreneurship and Professional Skills Council (MEPSC), and Automotive Skills Development Council (ASDC). Additionally, two MoUs were signed with universities, KR Mangalam University (Gurgaon) & Sharda University (Noida).

Prominent figures present at the event included Dr Abhilasha Gaur (COO, ESSCI), Arindam Lahiri (CEO, ASDC), Col Anil Pokhriyal (CEO, MEPSC), Philip Assmus (CEO, The Factor – Y).
The collaboration now enables candidates to receive joint certification programs with SSCs. Initially, three courses were launched in Online Virtual mode, each with a duration of 10 months and 20 credits: AI & Applications Technology Leadership, International Management & Technology Leadership, and Mechatronics, Robotics, 5G & Technology Leadership.
The event underscored the importance of global career enhancement certification programs with SSC recognition. German Varsity is committed to aligning academic curricula with industry standards and fostering globally competitive skill development. Highlighting collaborative efforts with three prominent Sector Skill Councils, the event aimed to bridge the gap between academia and industry. Emphasizing the significance of global career enhancement certification programs, it seeks to create a pathway for individuals to acquire internationally recognized skills aligned with industry-specific needs.

Mr Raj Vangapandu, President of German Varsity, expressed his enthusiasm, stating, “Our event has opened doors for aspiring students and professionals aiming for fulfilling careers in Germany. We’re thrilled to have established a platform that bridges the gap between raw talent and boundless opportunities, all while nurturing Indo-German partnerships. The event aims to showcase our collaboration with sector skill councils, emphasizing the joint certification opportunities available through our virtual certification programs. As per NEP 2020, which states that 40% of skill courses can be incorporated into the curriculum by universities, we are collaborating with Indian universities. German Varsity also offers other programs like internships, apprenticeships, semester exchanges, dual-degree programs, master’s courses, bachelor courses, etc.”
German Varsity established MOU-level collaborations with Dayanand Sagar, MIT ADT, Amity University, IIT Delhi, IIT Ropar, Chennai Institute of Technology, and many other esteemed universities across the country. This platform offers educational institutions an opportunity to explore collaborative efforts, share insights, and contribute to the evolution of higher education. German Varsity envisions this event as a significant step towards creating synergy between academia and industry, contributing to the development of a skilled and globally competitive workforce.


