Pune/Mumbai, 14th December: Women have played a crucial role in the growth of the agriculture sector in India. Recently, the integration of technology has resulted in an agritech boom in the country with the growth of startups that are finding solutions to the existing problems in this sector. It is noteworthy that apart from bringing huge financial benefits for stakeholders, agritech has unlocked new avenues to empower individuals, especially in the farming sector in rural areas. Breaking preconceived notions that women have limited opportunities and are not fit for agritech, KisanServ― a Pune-based startup is empowering them by giving them employment opportunities. The company proudly has a female workforce of over 70% in leadership and other roles in its organization.
Notably, none of its female employees had prior experience in agritech and were previously working as teachers, bankers, homemakers, and others. As a result of the company’s continued efforts, they are leading from the front and are confidently handling day-to-day business operations and making crucial decisions as well.
“The opportunities in agritech are huge thus it becomes crucial for us to bridge the current gaps to benefit all involved in this sector. Women who make up over 50% of our population, if linked with job opportunities, can take India’s economy to unimaginable heights. We are on a mission to find the best responsible women for different key positions in the organisation. We believe they are hardworking, sincere and responsible and are more ethical and focused on the work assigned. We hire them and also train them so that they give their best outcomes as per the job profiles,” Mr. Niranjan Sharma, CEO & Co-Founder said.
The company counts women empowerment as the topmost priority of its DEI goals. Additionally, it also prioritises women’s safety and makes sure that they work in a safe and supportive work environment with comfortable and flexible job timings.
KisanServ has taken exemplary steps to encourage women to break existing barriers and climb up the ladder in their professional careers. For example, Seema, a mother of 2, without any prior experience is now efficiently leading the company’s direct-to-consumer retail business. Similarly, Sushma Tiwary, prior to joining the company, worked in the education sector for a decade. Today she is working as Controller – Retail in Kisanserv.
Talking about her experience, Seema Sharma Business Leader of Kisanserv said, “I joined Kisanserv in January 2022 and here I have complete flexibility to find a balance between work and family. The management team believes in female leadership and encourages inclusion and participation which is really empowering.”
Today, Priya Rai who comes from a generous family background is working as Inventory Controller. Mitashi Sinha who faced many restrictions to pursue her dreams and didn’t get a chance to create her own identity made her career at the age of 40 with Kisanserv as its Admin Controller. Durga Shirali who worked for 5 years in banking, after taking a long break, joined the company and is successfully working as Finance Controller. These are a few of the many examples that show how Kisanserv is empowering women like them to progress in their careers and lead successful lives.
The company has business operations in Mumbai, Pune, Nashik, and Hyderabad. With a workforce of over 500 people, the majority of which is women, it is taking giant leaps toward women’s empowerment and also setting great examples for others to follow.
Image Attached- From left: Seema Sharma, Priya Rai, Mitashi Sinha, Sushma Tiwari, and Durga Shirali
Credit demand in India will keep growing steadily, despite rising interest rates as the country’s economy recovers from the COVID-19 pandemic. The credit growth has been upward since the latter half of FY22 and has been in double digits since April 2022, despite a 190-basic point hike in the repo rate.
Credit refers to loans from a banking institution to a business or individual. This rise in loan demand is called credit growth and is an essential indicator of economic activity. The amount of outstanding loans from banks to non-banking financial institutions (NBFCs) has increased due to the improved demand for credit, stabilising trends in asset quality, and improved collection efficiency.
Credit growth at multi-year high
Due to a rebound in economic activity following the COVID-induced lockdown, NBFCs are seeing an increase in demand for credit. Underlying industries like housing and auto sales are growing strongly, and industries like microfinance, personal loans, and education loans are also seeing an increase in demand.
Bank credit grew at 16.2 percent in the fortnight that ended September 9, the highest in about nine years, aided by a revival in the economic activity post-Covid, increased working capital demand, rising discretionary spending, and low-base effect.
Banks’ lending to NBFCs increased by 30.6 percent annually (YoY) to Rs 11.7 lakh crore in September 2022, primarily due to a favourable base effect. The retail loan growth remained strong (up 18.1 percent YoY), led by YoY growth in credit cards, auto, and home loans. The report observes that credit growth in the services sector stood at 12.8 percent YoY in June, led by healthy growth in NBFCs (up 21.1 percent YoY). The improvement in loan offtake to NBFCs and trade sectors was the primary driver of credit growth in the services segment. In contrast, the home and auto loan segments were the main drivers of acceleration in retail loans.
What is driving this Credit growth
The outlook for India’s credit growth has seen some modest rise in recent years and will continue to be positive for several reasons. Many NBFCs have improved their capital ratios, provisioning, and asset quality to strengthen their balance sheets, further boosting confidence. Economic expansion, rise in government and private capital expenditure, rising commodity prices, implementation of production-linked incentive schemes, and the push for retail credit would continue to be the key drivers.
There is a pick-up in the economy, and we are seeing normalcy in all the sectors post-Covid. The retail sector’s discretionary spending was delayed and is currently getting consolidated. Banks are witnessing an increased demand for funds from retail-focused non-banking financial companies (NBFCs).
India’s bank credit growth is anticipated to remain positive
The banking system in India, especially the non-banking financial companies (NBFCs), is witnessing a healthy recovery in loan growth, led by a resurgence in the corporate segment, while growth in retail and SME segments remain strong. Although deposit growth is only moderate, an increase is anticipated, given the growing interest rate environment. Given the challenging macroeconomic context, it is critical that we closely monitor all significant changes in the demand environment. However, banks and NBFCs with more CASA and floating rate loans will likely fare better in a rising rate environment.
The overall outlook for credit demand for NBFCs going into FY23 is encouraging due to the recent trends, the strong monsoon season, and the anticipated further uptick in demand brought on by the start of the festival season in the second half of 2022.
We expect credit growth to be 12-13 percent in FY23, compared to 8.59 percent in the previous fiscal year. The credit growth will likely continue in the short term due to the festive season. After modest credit growth in recent years, the medium-term prospects look promising, with diminished corporate stress and a substantial buffer for provisions.
Indiai, 14th December: WorkIndia Referral Program, one of the most successful programs of WorkIndia is now powered by Rapid Web View. The software powers and ensures a seamless user experience to provide smooth browsing of their website and application.
WorkIndia’s RapidWebView consists of Rapid Asset Cache, Web View Request Interceptor, and Java Script Interface which enables quick delivery of features via web applications while retaining the native user experience.
Whereas in traditional android releases, features are rolled out slowly and deployed into the app, taking the user nearly 15 to 45 days to reach the audience, RapidWebView allows the organization to release updates directly to the end user, in a matter of seconds.
To reduce the load time, the Web View Request Interceptor, a smart component of RapidWebView, decides which web components to load ahead of time. The JavaScript Interface, which communicates with the operating system, assists the user in making phone calls, sending notifications, uploading data, opening other applications, etc.
Commenting on the same, Moiz Arsiwala, Co-founder and CTO, WorkIndia said, “Our objective with RapidWebView is to deliver impact to maximum job seekers on our app and to iterate quickly in order to provide best user experience. RapidWebView continually enables us to adapt to job seekers’ feedback and changing needs so as to provide the best possible experience when they are searching for their next job.
Designed in-house, the project is open-sourced on GitHub, which helps the developer community to implement the updates in a much faster way. The advantage of RapidWebView can be seen in the success of WorkIndia Referral Program which has enabled the support team at WorkIndia in providing easier and faster support. The feature is also behind the accurate assessment of candidates who are applying through the WorkIndia portal. All of it has been possible thanks to RapidWebView which has allowed the team to ship quickly, experiment rapidly, and gather feedback early. Utilizing RapidWebView, WorkIndia will be able to assess as many as 35000 job seekers and ensure meaningful livelihoods.
Hyderabad, December 2022: Daifuku Co., Ltd, the world’s leading provider of automated material handling technology and solutions plans to construct a new manufacturing facility in the state of Telangana. The new state-of-the-art factory with a footprint of more than 200,000 square feet will augment its current facility of 60,000 square feet and is slated to produce world-class intralogistics equipment such as automated storage and retrieval systems, sorting transfer vehicles, conveyors, and sorters.
The first phase of expansion envisages a planned investment of INR 2 billion and Daifuku expects to operationalize its new factory within the next 18 months.
Speaking on the occasion Shri KT Rama Rao, Hon’ble Minister for IT, Industries, MA & UD, Govt of Telangana; said, this is indeed an excellent occasion to celebrate and that’s the reason we wanted to make it happen. The world at large and especially post-pandemic of us needs more infusion of positive news. Daifuku coming to Telangana and setting up a brand-new factory with Rs 450 CRS., of investment, providing employment to eight hundred plus people, was indeed something we wanted to celebrate, my compliments to the entire team of Daifuku. You made the right choice I can tell, by choosing Telangana and Hyderabad. Before I came here I had a meeting with the new US Council General, Jennifer Larson. She asked me a very interesting question what do you think about manufacturing, and services, and what do you think is the primary sector, as an Industries minister, give me your and your state’s perspective. How do you see this landscape changing in the next few years and a few decades? One of the things I told her, is whoever I meet, wherever I meet, whichever Industrialist or potential investor I meet, they have a renewed enthusiasm to set up a manufacturing base in India. Post-covid the world has realised that there is too much dependence on China for everything, be it bulk drugs, or medical supplies, and when the supply chain was disrupted, every single industrialist, be it small, micro, medium, or large, was affected one way or other. So the World started thinking of this excessive reliance and excessive dependence on China. You talk to the biggest of the biggest players, the Fortune 500 companies, or even the smallest player, and they all tell me the same thing, there has to be a China plus one strategy, you can manufacture in China for China and for the rest of the world, we need to start looking at other bases. Because we are similar in our sizes, China and India, 1.4 Bn people each, in terms of the workforce in terms of think force, people draw an oversimplified comparison and say, if we are moving away from China the logical place to go to would be India. But a lot of overseas investors, be they Japanese, Americans, or Europeans ask me if China is able to do certain things in a way, why can’t India do it? I tell them one thing China is a country that is very unique in terms of how it is structured, controlled, and administered. India is very different, India is democratic, India is not one, but there are 28 different Indias if you ask me, because of the federal structure we have, each state is so uniquely empowered. Makers of our constitution had envisioned that India is a union of states, therefore each state, and especially the gateway you chose to enter India through will determine your impression of India and how easy you find doing business in India, that’s a general thought I leave with any of my potential investors. Having said that, when I visit countries like the US, Japan, and other large economies, I was never more impressed than I was impressed with Japan. When I was in Japan one of the things that struck me was the grooming of Japanese kids from a very young age of design thinking, and engineering from a very early age. It was a way to tell the kids that manufacturing really holds the key to the growth of the world, to the expansion of your thinking and abilities, as the world can’t do without manufacturing. What the Japanese are trying to inculcate in those kids is design thinking from a very young age and the importance that needs to be given to manufacturing from a young age. What I admire about a country like Japan and a company like Daifuku, is the amazing tenacity and resilience they have shown over the last few decades. Remember Japan was the only country in the world that had experienced the most tragic, devastating atomic explosion at Hiroshima and Nagasaki, despite the natural disasters, the human intellect that the Japanese have invested in has really propelled them to one of the largest economies in the world, in spite of having a very small population, forces of nature stacked up against them. The Japanese continue to be a dominant force economically compared to the West and Asia. What I told the US consul General is that we need to pick up the best elements from each part, India can’t and doesn’t have the latitude, and India doesn’t have the luxury to grow at its own pace. You can’t miss this opportunity; we have to seize this opportunity. We are uniquely positioned now when the world is looking at different manufacturing locations outside of China. If India has to latch on to this, we have to do what the US did in the last 30 years in a span of the next 10 years, we have to do what China has done in the last 25 years in a span of 10 years. We don’t have the luxury of leapfrogging, we have to jump a few hoops, and we have to cover a few bases. We should focus not just on Hi-tech manufacturing or advancements or smart manufacturing. We have to also focus on basic manufacturing, we also need to ensure we also get the efficient smart manufacturing which is coming out as part of Industrial revolution 4. O and we also have to ensure and inculcate design thinking at the school curriculum level and most importantly even in the vocational training institutes we have. We had a meeting with Proctor and Gamble, and I told them to tag along with one of our institutes, in fact, IIIT at Basara, which has some brilliant youngsters, to create an apprenticeship model. It will be a win-win proposition for the company and the student. So, we need four things, basic design thinking at the school level, an apprenticeship model at the higher education level, and we have to compete on the scale if we have to compete with large manufacturing countries like China. We of course need to create the world’s largest pharma parks, industrial parks and through which economies of scale are bound to come. Delighted to share that we are building Telangana’s largest Industrial park at Dandumalkapur and it’s shaping up very well. I would wish FTCCI, CII, FICCI or even Japanese come together and create such large parks. We need to learn from the Japanese, they have done some very smart things, either they have gone underground in some cases or they have gone up vertically, so we need to do those disruptions or innovations, because the land is a very luxurious commodity and is in limited supply and it’s getting more and more expensive, there is huge demand and it becomes more difficult for the Government to procure and for you to get the land at a reasonable price so that your bottom lines are not affected. How many Companies from India have really disrupted and become global names, how many of our products are world-class and compete on a world scale? But unfortunately, not many of these disruptions or innovations are truly world-class, therefore we need to start thinking on a larger scale, need to be a bit more ambitious, we need to start being more aggressive as well. Capital is no more an issue if you have an idea that can really work, unlike in the past. With the world looking at us with renewed enthusiasm, Indian entrepreneurs need to make some bold moves, I request Telangana entrepreneurs to please think big and think of products for the world, not just for India. I am a strong believer that we have in us to make world-class products.
“This expansion, which will include technology transfer from Japan will not only help us in expecting our localization plans but will also accelerate our product development pipeline in India so that we can serve the needs of our Indian customers with greater efficiency,” says Srinivas Garimella, Managing Director of Daifuku’s Indian Subsidiary, Vega Conveyors & Automation Pvt Ltd.
With the Indian economy anticipated to remain one of the fastest growing economies in the world, Daifuku expects that the intralogistics automation market will continue to grow rapidly and plans to employ 250 people and products that on full plant capacity utilization, the number of which may move up to more than 800 as it continues to stay vested in India.
Hiroshi Nobuta, Daifuku Board Member and Responsible officer for its Indian operations while thanking the government of Telangana for being proactive in fast-tracking its expansion plans, states that India will continue to be a focus market for Daifuku and remains committed to the company’s Indian operations. pic credit:Totem PR
Bangalore, December 2022: NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of National Payments Corporation of India (NPCI) has announced that customers of Bharat Petroleum Corporation Limited (BPCL), the commercial gas company, can now make their gas bill payments through Bharat BillPay enabled channels.
The Biller Operating Unit (BOU) PayU has on-boarded BPCL as the first commercial gas category biller on the Bharat BillPay ecosystem. With this integration, commercial establishments can now pay their gas bills anytime and anywhere through Bharat BillPay-enabled channels such as banks, non-banks, and payment applications. Consumers will be able to book BPCL commercial cylinders using Third Party Application Providers (TPAPs) such as PhonePe, Google Pay, Paytm, etc. Customers will get instant confirmation on their bill payments, providing convenience, ease of fee payment, and the facility of digitization in their gas bill payments.
Noopur Chaturvedi, CEO of, NBBL said, “We are delighted to introduce BharatGas Commercial cylinder on the NBBL ecosystem, as our first commercial gas category biller. We believe this development will revolutionise the way commercial establishments make their gas bill payments in the future. We have augmented our ecosystem with numerous new categories in recent times to expedite the creation of NBBL into a complete one-stop bill payments destination for our users.”
“BharatGas is committed to bringing customer-centric solutions to enable ease of doing business. In this connection, we have facilitated digital payments of commercial LPG cylinders under Bharat Bill pay. This is an industry-first offering and will bring easy, two-step, transparent payments for restaurants, hotels, eateries, and industries using BharatGas commercial cylinders,” said Mr. Santosh Kumar, Executive Director charge (LPG), Bharat Petroleum Corporation Ltd.
Speaking on this partnership, Sonika Chandra, Vice President, Consumer Business at PhonePe said, “We are happy to be a part of this integration with NBBL and BharatGas as a Consumer Operating Unit (COU). We are committed to playing an important role in taking digital payments to every possible sector and geography in the country. This integration is in line with our vision of building a truly open payments ecosystem platform for a billion Indians. We believe that this will further enable greater convenience, while also providing easy and hassle-free digital bill payment options to commercial establishments.”
Mumbai, 14th December 2022: India’s favorite reality show Colors Bigg Boss has come a long way in its 15 years journey and has gone on to become a phenomenon in the television entertainment landscape. The 16th season of the hit show has bagged the No. 1 spot in the non-fiction category. The show has been instrumental in providing an unprecedented dose of glamour and entertaining audience with its engaging content and adding grand new elements year-on-year. Within 6 weeks of its launch, the show attracted over 127 million viewers on Colors and 600 million views on Voot. Bigg Boss 16 catapulted itself to the pole position in the non-fiction category with a massive reach of 3 billion along with 1 billion views and 97% share of voice on Colors Digital, making it one of the marquees shows in the Hindi General Entertainment category.
The Bigg Boss has become a huge platform for brands to collaborate over the last decade and a half that offers a great canvas for advertisers to connect with their target audience. The sponsorships aim to provide brands with an opportunity to engage and collaborate through various touch points. During the show, the brands will gain prominence and visibility through ad spots, task integrations, the caller of the week segment, special zones, and other peripheral branding opportunities.
The 16th Season of Bigg Boss has Licious as an associate sponsor. Licious’s one-of-a-kind ‘Licious Greed Zone’ is created in the house which occasionally opens up the window of surprise for the BB contestants to satiate their meat cravings. To build excitement and engagement with its audience, Licious debuts into the Bigg Boss kitchen vowing to bring in new enthusiasm among the viewers as they can vote on the Licious App to choose and decide from the endless range of products that will go inside the house for their favorite contestants to enjoy delectable dishes. To top it all up, and to build more excitement, The Top 3 Lucky voters would get a once in a lifetime opportunity to “Meat and Greet Salman Khan!”
Speaking about the association, Santosh Hegde, VP, Brand, Licious said, ‘Our partnership with Bigg Boss is a huge pop culture moment for us! Our strategic and steadfast approach to making Licious offerings a part of the BB house has culminated in a breakthrough in the brand collaboration space, especially giving consumers and audiences the chance to vote for their Licious favorites and making them a part of this experience. While our ready-to-eat range was at the heart of it, we are pumped to give the contestants a taste of our diverse portfolio which only goes to show how Licious caters to all types of cravings, both on-screen and off-screen.’
Pavithra KR – Head, Revenue, Colors, Viacom18 says “This year’s Bigg Boss saw a lot of excitement and food cravings, especially where meat was concerned. This opened up an opportunity where we felt that Licious, a D2C, farm-to-fork platform, found space in the Bigg Boss house. Hence the idea of a Licious Greed Zone germinated for the meat lovers in the house. We co-created a contest on the Licious app to drive audience engagement and give the viewers the “Power to Choose” from the Licious Menu. For the first time ever, viewers decided on the menu that goes inside the house keeping in mind the indulgences and cravings of the housemates. Hence the brand became a part of the narrative and added to the immersive experience of the show.”
The 16th Season of Bigg Boss is focused on offering a robust experience to brand partners through means of Engagement, Excitement & Entertainment. The idea is to assist the brands in creating a Powerful & Impactful narrative that has the potential to build a lasting connection with the audience through content present in multiple markets cutting across geo-social cross-sections in India. pic credit: kaizzencomm.com
Lexus India opens a one-of-a-kind, Meraki-inspired brand experience centre in Coimbatore. The brand space design takes inspiration from Coimbatore’s industrial legacy of engineering and its tryst with textile, the city’s undying passion of motorsports and amalgamates it with the Japanese spirit of precision, perfection, and subtle luxury.
The Lexus brand space – Meraki in Coimbatore, has subtly blended the Japanese design sensibilities into the accentuated entryway and brought the outdoors in with the Zen court. The distinctive spindle design, a trademark of Lexus, has been used into the ceiling design to create a delicate lace-like effect to stitch the storyline.
The pièce de résistance is the mural in the Zen court that represents a deconstructed portrayal of the famous bull race tradition of southern India with specially designed carts, drawing parallel to the efficient engine of a Lexus that are energy efficient and have smaller carbon footprint while enhancing the rider’s excitement and experience. Thus, Lexus commemorates the “REKLA TO HYBRID” journey in this Lexus brand space “MERAKI” in Coimbatore.
In line with the brand’s ethos of creating a better tomorrow through sustainable design, the use of “soot” powdered in the cast in-situ concrete floor and the Zen court wall add to energy efficient, sustainable, and eco-friendly structure. This also contributes to reduced carbon footprint in a small way.
The Lexus Meraki – Coimbatore joins the current network of Lexus Brand Spaces in Gurugram and the Lexus Guest Experience Centres in New Delhi, Mumbai, Bangalore, Chandigarh, Hyderabad, Chennai, and an upcoming one in Kochi, along with the Lexus virtual guest experience centre that will soon be hosted on the Lexus India website bringing the Lexus brand and its offering closer to the discerning luxury consumer located across India.
Speaking on the occasion, Naveen Soni, President – Lexus India said “We have always believed in establishing stronger ties with our guests, and we are delighted to announce the inauguration of our new brand space in Coimbatore, just few months after the introduction of our brand space in Gurugram. With the opening of numerous facilities across the country, this innovative concept gets us one step closer to welcoming many more of our guests on a journey of luxury, uniqueness, and amazing experiences with Lexus”
Lexus India aims to enhance its immersive experience not only via powerful proximity but also through various digital means to further strengthen its presence in India. With the opening of the Lexus Meraki in Coimbatore, Lexus India establishes its footprint in 13 cities with 15 guest touch points across India.
Chennai, Dec 2022: Celebi India today announced its appointment and has submitted its acceptance to the Airport Director at the Airport Authority of India, Chennai, and has started fulfilling the requirements to start the services. Celebi will provide complete ground handling support to scheduled and non-scheduled airlines at domestic and international terminals.
Mr. Murali Ramachandran, CEO of Celebi India, said, “We understand the needs of the airlines and the growing aviation industry in India and are well equipped to meet current and future airline and passenger traffic. We will provide the much-awaited quality ground handling services at Chennai airport and develop a sustainable ecosystem to meet the larger goal of the aviation industry to become carbon neutral in the very near future.”
Chennai is the 9th airport in India for Celebi after Mumbai, Delhi, Bengaluru, Hyderabad, Cochin, Ahmedabad, Goa (Manohar International airport, Mopa), and Kannur. Recently, Celebi won the bridge-mounted equipment services contract for Bengaluru airport and introduced 100% electric, air-conditioned tarmac coaches for passenger transportation at the Delhi International Airport.
Hyderabad, 14th December 2022: Workruit, a career-tech platform, with its flagship product Resume Builder, one of the leading AI-based Resume building platforms in India, aims to reach about four million+ resumes across all domains and fields, which includes more meaningful resumes relevant to industry & resources for every career stage. The company, so far, has reached over 1.5 million resumes and the critical domains covered include IT, Business Development, Sales, Finance & Communications.
Pic Credit: Synapse PR
To achieve the goal of 4 million+ resumes, Workruit, along with Tier 1 markets, aims to focus more on Tier 2 and Tier 3 cities and educate them on the resumes that create a stronger impact. The company also aims to partner and create awareness among youth about the platform and how it can create several job opportunities for them & bridge the gap that is visible today. Together, Workruit aims to build a career development ecosystem for both the industry and job seekers through its suite of B2B and B2C solutions, which includes an AI-powered Resume Builder and a Job Search & Recruitment platform.
Resume Builder from Workruit uses AI and ML technology to help job seekers create resumes from scratch with little to no human intervention. The platform makes cover letters and the critical first copy’ professional resume’ using job-winning resume analytics, keywords, and various creative tools. The platform also focuses on Video interviews/CVs that have become the new normal in hiring. The AI algorithm uses an ultra-powerful user interface with a databank of over 200,000 HR-approved statements, jargon, and more from 40+ HR experts.
Furthermore, the platform’s intelligent AI enables a superior Job Discovery Platform that filters job search results and presents a customized list of jobs best suited to each qualification, skill, and experience. Through its Tinder interface, the platform uses technology to automate hiring and improve recruitment efficiency and effectiveness.
Workruit has an impressive roster of world-class universities, job boards and companies using their technology. The company currently works with scores of education players and colleges, including institutions like Indian Institute of Management Commerce, Vasavi Engineering College, GITAM University, Mohan Babu University, and BLDE Association among others. Furthermore, more than 2500+ employers, from Just Dial, BYJUs, HDFC, Fortune Group, Reliance Group, Amazon, Asian Paints, etc., have hired job seekers. Workruit also operates the Digital Employment Exchange of Telangana (DEET) platform in collaboration with Telangana State and is currently in talks with other Governments. DEET, over time, has built global and national partnerships with Equifax, NASSCOM, ISB, CII, ICICI Foundation and many other organizations.
Speaking on the plans, Manikanth Challa, CEO & Founder, Workruit, said, “Since its inception, Workruit has grown by more than 110% year on year. To bring equal opportunities & access, Workruit intends to expand its solutions to more regional and international languages, and make the Mobile platform available to a broader audience in their preferred language to build a digital resume.”
The company has recently raised over $500,000 in pre-Series A round led by the family office of Kantamaneni from the US.
Mumbai/ Stanlow, 14th December 2022: Vertex Hydrogen is delighted to announce the signing of a ‘Heads of Terms’ offtake agreement for 300+ megawatts of low carbon hydrogen with Encirc.
Encirc, part of the Vidrala Group, is a leading container glass manufacturer – responsible for approximately a third of the containers made for the UK and Republic of Ireland markets – around 3 billion each year.
Encirc has announced its plan to build a new ultra-low carbon furnace on its Cheshire site. The furnace will be fuelled by an energy mix of green electricity and low carbon hydrogen.
The hydrogen will be supplied by Vertex Hydrogen, as part of the HyNet low carbon industrial cluster. The furnace will be operational by 2027, and Encirc is aiming to be the first in the world to produce net zero glass bottles at scale by 2030.
Joe Seifert, CEO of Vertex Hydrogen said:“Glass bottles are an everyday and highly recyclable product we all use. We are delighted to be powering our neighbours Encirc who, along with Diageo, are leading the charge in decarbonising the drinks industry.”
Adrian Curry, Managing Director of Encirc said:“This partnership with Vertex Hydrogen will help us to change the face of glass as we aim to produce Net Zero bottles by 2030. Glass is an incredible material and sustainable in so many ways. It has been around since 3500 BC, and by using hydrogen to decarbonise it, we believe it will be the packaging choice for centuries to come.”
Vertex is proud to be helping the UK lead the development of low carbon hydrogen production as an integral part of HyNet – the UK’s leading industrial decarbonisation cluster. It will help to solve our urgent need to drastically reduce carbon emissions in our manufacturing sector – securing and growing vital industry.
Vertex is:
Delivering an initial 1,000 megawatts of low carbon hydrogen capacity – enough to provide the fuel consumed by a city the size of Liverpool;
Capturing 1.8 million tonnes of carbon dioxide every year at full capacity – equivalent to taking 750,000 cars off the roads;
Investing around £1 billion in the North West of the UK and facilitating the investment of a further £1 billion or more of associated infrastructure;
Playing a leading role in kickstarting the UK low carbon, large-scale hydrogen market.