Month: September 2019

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Sanskritech Launches India’s First Advanced Anytime Health Monitoring System – Swayam AHM

Mumbai, 19 Sept 2019: Sanskritech Smart Solutions Private Limited, a leading healthcare startup, today announced the official launch of India’s first advanced self-monitoring health diagnostic POCT system ‘Swayam AHM’, an ATM-like Kiosk that helps people to walk in and test over 55 basic and advanced pathology tests with instant tests reports. 

 

In today’s busy routine of the people living in metro cities, performing a healthcare diagnostic test is a task as it requires them to take time out from their schedule; similarly, the availability of a pathology lab with advanced clinical diagnostic devices in rural areas is still a major hurdle. Swayam AHM is an answer to all these problems. The high point of the diagnostic system is its ability to deliver test reports instantly within few minutes in both print and electronic format that generally take anywhere between a few hours to days through traditional ways.

 

Expressing delight over its launch, Sanskritech’s founders duo Mr. Pritam Kumavat and Ms. Trupti Naik said, “We set out with a dream to create a smart solution to optimize reach of healthcare diagnostic service to people across India and we are proud to announce that today we have a device that offers over 55 basic and advanced tests, more than any single portable diagnostic system in the world. The device is very affordable so that it betters healthcare services not just in the urban areas but also in the remote corners of the nation.”

 

Swayam is a futuristic diagnostic system as it is a one-of-its-kind machine that is portable, sophisticated and is integrated with clinical-grade diagnostic devices, Sanskritech aims to set up Swayam Kiosks in line with ATM centers in nook and corner of the country. “From corporate houses, business parks, to rural healthcare centers, doctor’s clinics, shopping malls, airports, industries, and residential colonies, the possibilities of setting up Swayam kiosks are limitless,” Mr. Pritam added.

 

Swayam has been developed by Sanskritech and is backed by DELL EMC, uses cloud technology to create a medical record for future reference and uses a touch screen interface that can operate in a wide array of ecosystems.

 

SWAYAM’S EDGE

The device facilitates crucial tests, including —BMI, Glucose, HbA1C, Hemoglobin, Lipid, Urine tests, Creatinine, ECG, Cardiac Marker, Hormone Marker, Blood Borne Disease, Respiratory Disease, PFT, Metabolic Disease, Vector-Borne Disease, Skin, Eat, Vision, Stethoscope, Alcohol Analyzer, etc.

ONE STEP AHEAD

Sanskritech has already worked on the logistics for installation and operational maintenance of services to every kiosk. The company has also appointed prominent healthcare professionals on its consulting panel, to ensure stringent quality and accuracy of the tests offered on its unique platform.

 

Swayam is a “Make in India” device that will revolutionize the pathology panorama by offering diagnosis without the hassles of an actual pathology lab. All you need to do is visit your nearest Swayam kiosk and get all tests done within no time and your medical report will be out instantly.

 

“For industries and corporates with a huge workforce, Swayam offers a cost-effective and space-saving healthcare facility. Swayam is not just a device but a movement that we want to take across India. We want every individual to feel more empowered and more confident by accessing better healthcare facilities. Swayam will take us closer to our dream of a healthier society and nation,” Ms. Trupti said.

 

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Siemon strengthens its operations in India

Sept 12, 2019. Chennai: Siemon India, an arm of The Siemon Company, a US headquartered leading global network infrastructure specialist, opened a new warehouse facility at Chennai today. Siemon offers high quality, high-performance IT infrastructure solutions and services for Data Centers, LANs and Intelligent Buildings in India.

Speaking on the occasion Mr. Prem Rodrigues Director of Sales & Marketing for India, Middle East & SAARC told that “This facility will help Siemon to cut down on delivery time and offer better service to our End users and Channel partners. We continue to follow our global standards of operation and aim to give best of customer experience”.

Siemon India has its Head Office at Hyderabad, where it has also established its Center of Excellence team to provide Datacenter design services, warranty and IT solutions to its global operations. Siemon has a robust team of Customer service representatives, Logistics team, demand analyst and Business analyst to manage the entire pre and post-sales support service. This facility also takes care of its marketing and other back end operations for India & SAARC region.

Siemon said in a statement here that it considers India a strategically important market and is committed to investing in its capabilities to better serve both customers and partners. Siemon is developing its relationships with Complementary manufacturers to provide value added solutions to its clients in Datacenter & Intelligent/Smart Buildings space and is also increasing its robust strength of System integrators and Certified Installers who can give pan India service.

“The company grew its tremendous presence in last couple of years and will ensure that world class IT infrastructure products are made available to Indian market. We foresee strong demand for our products & solutions and will continue to invest in this region with an aim to increase our market share” added Mr. Prem Rodrigues.

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JLL Facilitates WPP’s Move to BAY99 at The Orb, Mumbai

Mumbai, 11 September 2019: JLL India, the country’s largest real estate consultancy and professional services firm, has advised and facilitated a 10 year lease for WPP from Chalet Hotels, for its new office, having a carpet area of 260,000 sq ft, it said in a statement released today. The Firm was also appointed as the project manager to complete fit-outs for the office space, which is situated in The Orb – an integrated food, beverage and entertainment project close to the city’s international airport. The Mumbai campus is named BAY99, which symbolises the city’s historical roots and is also the campus’s postal code reference.


The creative transformation company is bringing together over 16 of its agencies that were previously situated at different locations across Mumbai. According to the terms of the agreement, the space will be leased in three phases. First to co-locate to this campus include Ogilvy this month, followed by other agencies including Wunderman Thompson, Grey, GroupM to name a few in the weeks ahead.


JLL India was the exclusive advisor and project manager to WPP on this transaction.


Ramesh Nair, CEO & Country Head – India, JLL said, “This is a prestigious transaction for us. It showcases JLL’s expertise in advising and structuring large transactions in Mumbai, a highly demand-driven and robust office leasing market. With its well-developed social and physical infrastructure, excellent connectivity to the airport, proximity to ready-to-move in offices and other key locations in the city, the Sahar Area offers the right mix of location and quality space. We believe that this transaction will provide a significant fillip to the overall office leasing market.”


CVL Srinivas, WPP Country Manager, India said, “The plan to establish a WPP Campus in Mumbai is in line with our global strategy of bringing together agency brands like Ogilvy, GroupM, Wunderman Thompson and others into a single integrated office campus. India is a leading growth market for WPP. To support our already strong local presence, we have developed this exciting new workspace that will encourage a fresh approach to creativity, innovation and agile collaboration among our companies. This move also demonstrates our commitment to having best-in-class infrastructure and ensuring that we provide exceptional facilities to our employees and services to our clients.”


According to JLL Research, the commercial office market in India continued its strong streak and exhibited a 21% growth Y-o-Y during H1 2019. Net absorption across the top seven cities touched nearly 22 mn sq ft, indicating optimism amongst occupiers with continuity of governance and a stable government. A ramp-up by co-working players (15% of overall leasing) and occupiers in the IT/ITeS space (37% of overall leasing) drove the strong growth in demand. Mumbai recorded 2.9 mn sq ft of office absorption in H1 2019.


Steady economic growth, favourable policy environment, growing preference of global occupiers for Indian offices and listing of first Real Estate Investment Trust (REIT) in the country have put the India office market on a growth path. The recent REIT listing by the Embassy-Blackstone Group Company is an evidence to the trend. As a result, the net absorption is likely to record a new high of 42 mn sq ft by the end of 2019 across the top seven cities in India.


The new office at BAY99 will be unique with its energy efficient systems, process and technologies, enabling a futuristic workplace. Designed to infuse collaboration, the office also has break-out and incubation areas for informal engagements. It is equipped with smart sensors which are triggered by occupancy and has IP POE based CCTV surveillance system. While branding and marketing across the office is done through digital displays, meeting rooms have video conferencing facilities with BYOD and mobile VC solution. The entire office is crafted to reduce waste and help in conservation of natural resources. It offers water-efficient fixtures to avoid waste, focuses on air quality via low VOC paints, adhesives and sealants and has provision for waste segregation at source.

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Esperer Bioresearch strengthens its senior leadership team

Mumbai, 10th September, 2019: Esperer Bioresearch Pvt. Ltd, one of India’s first nutritional companies for cancer patients today inducts industry veteran Dhruv Ashish Arora as their Global Business Head. Having more than 17 years of experience in Healthcare, Banking and Market Research industry, Dhruv Arora has worked across geographies on a variety of transactions such business model restructuring, stake holder networking, relationship management and market analysis with good business foresight and regulatory understanding.

 

In his role at Esperer Bioresearch, Dhruv Arora will be responsible for strategizing and overseeing all export related activities for the companies Pharmaceutical & First time in the World to be a Patented Cancer-Nutrition Product formulation Technology. He will be based out of Mumbai and will report to the Founder & CEO, Raktim Chattopadhyay.

 

Dhruv’s previous stint comprises of M/S Vins Bio Products Pvt. Ltd. Hyderabad, Bharat Serums & Vaccines Ltd, Mumbai and M/S Goldshield PLC. His competencies include identifying new markets operations for its Business Development activities. In his last assignment, at Vino Bins Products Ltd. he was the Vice President- Exports and was responsible for re-structuring marketing, regulatory & logistics and brought a strategic growth in sales for the company. He also gave outstanding performance for 7 Years as Country Manager Russia, Deputy General Manager Mena (Middle East & North Africa) & South East Asia, ROW (Rest of the World) Business Head.

 

"We are extremely pleased to welcome Dhruv as our Global Business Head. I am certain that his diverse, comprehensive experience will provide significant confidence and provide tremendous benefit to our business. Dhruv’s appointment is imperative to our approach in discovering new growth avenues and providing a new dimension of our presence in the industry.” added Raktim Chattopadhyay, Founder & CEO Esperer Bioresearch.

 

Speaking on his appointment, Dhruv Arora said “It is a pleasure to be part of Esperer Bioresearch, offering me a compelling platform to build and nurture the business in this rapidly changing environment. I am looking forward to creating zestful working in organization, scaling the business to new heights.”

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Covestro (India) in Collaboration with ARCH Foundation launches 6 new Brighter World Labs in Cuddalore

Cuddalore. September 9, 2019: Covestro (India), a leading producer of advanced and high-performance polymers in India and around the world, today announced the launch of 6 new Brighter World Labs for students in Cuddalore. In collaboration with ARCH Foundation, Project Brighter World Labs aims at promoting scientific reasoning among children and creating a new generation of analytical thinkers.

In India, only 29% of children attend private schools, while the remaining join government or state-funded educational institutes that  have zero or exceptionally low fees and ride on a host of problems. With Brighter World Lab, a holistic and pioneering intervention, Covestro (India) tries to ensure that each child is brought closer to science and to add meaningful and long-lasting experiences aiming to create a life-changing impact on the less privileged section of society.

Speaking at the inauguration, Mr. Ajay Durrani, Managing Director, Covestro (India) said, “At Covestro, we truly believe that education is a fundamental right and it should be available to all. Our vision for Brighter World Lab is to ignite scientific interest in children so that they can learn through discovery and connect scientific knowledge of the textbook to the real world. We realized that setting up good infrastructure is not guaranteed enough that it will have a direct academic benefit on students in government schools and thus the whole idea of project Brighter World Lab has derived because we feel that there is a vast difference between reading from a textbook and experiencing it first-hand.”

“We at Arch Development Foundation, believe that each child deserves opportunities and exposure in order to showcase their talent and that’s where the whole idea of Brighter World Lab came into existence. With Brighter World Labs, we tend to create projects which can enrich the world in a brighter way. With Covestro (India), the whole idea of Brighter World Labs got conceptualised and executed in a very great way and we look forward for many such initiatives in future.” said Sonkee Shah, CEO, ARCH Development Foundation.

Initiated in 2017, project Brighter World Lab was launched with installations of 10 Maths and Science laboratories in four cities- Greater Noida, Ankleshwar, Mumbai and Cuddalore. In 2018, the project became more formidable after collaborating with the ARCH Foundation and with the addition of 20 Brighter World Labs. With 2019, the expansion and growth plan for project Brighter World Lab has become more comprehensive and 20 more Brighter Labs  have been added in Greater Noida, Ankleshwar, Mumbai and Cuddalore.

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IndiaMoneyMart opens the first East-India branch for NBFC-P2P Lending

Mumbai, 05 Sept 2019: As a part of its 'Look East' initiative, Mumbai-based leading NBFC-P2P startup IndiaMoneyMart proudly announces the launch of its new branch in Kolkata. It is the first NBFC-P2P lending branch in East India to improve access to digital lending and borrowing. Kolkata has been strategically chosen for the new branch as the region lacks organized lending platforms despite being economically vibrant. IndiaMoneyMart’s CEO Mr. Amit Jalan will spearhead this initiative to fulfil the NBFC-P2P’s commitment towards affordable and accessible credit.

 

Commenting on the development, Mr. Sangeet Modi, Co-Founder IndiaMoneyMart, said, "We acknowledge that the eastern part of India has a lot of potential business avenues but people resort to unorganized lending for businesses due to lack of last-mile infrastructure to realize benefits of financial participation. Our Kolkata branch will help the businesses flourish and empower retail market participants to create wealth and optimize their returns during an uncertain macro-economic environment.”

 

Kolkata has long remained as the cultural capital of India and galvanizing itself to expand the pie as the financial hub of the East. Despite the enormous geographic and demographic spread, the eastern region has witnessed relatively mild participation in the financial markets and alternative asset classes. Notwithstanding that the financial literacy and digital access, especially of financial tools has started expanding rather recently. IndiaMoneyMart has pledged its resources to spread financial literacy in this region to create awareness for P2P Lending and enhance financial inclusion. 

 

“Due to hesitation in adopting technology-based financial solutions, people are still dependent on traditional structures for their financial needs or emergencies. Our local branch is dedicated to improve the perception related to technology-based financial solutions and contribute towards wider financial inclusion” said Mr. Amit Jalan, CEO IndiaMoneyMart.

 

The robust web and App-based platform matches a curated set of people who need a loan to people who wish to lend money at a reasonable interest rate. It works like a match-making engine that validates multiple data-points to establish the credibility of borrowers before a lending decision can be taken.  All loan transactions are undertaken in a transparent manner using Bank Escrow Accounts and Trustee approval. Presence of IndiaMoneyMart in the eastern region of the country will facilitate lenders to get better financial options and borrowers can get funds at comparatively low-interest rates, thereby, helping the region match the growth pace enjoyed by the rest of India.


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Relaxation in FDI Norms to Support Growth of Retail Sector

Shubhranshu Pani, MD – Retail Services & Stressed Asset Manageme nt Group (SAMG)  


Single brand retailers will now be able to start online sales before they set up brick-and-mortar stores, but will need to open these within two years. The two year period, however, may not be enough for retailers to set up stores at prime locations

·         The ease in FDI norms brings the much-needed clarity in policy

·         India will attract more international brands for investments and trade

·         The move will help in the growth of omnichannel retailing by big brands

 

 

A positive consumer-centric move, it will bring the Indian market at par with other open market economies. This move by the government has brought about much-needed clarity and solution to the dilemma of international brands who have high quality, specialized inputs. The earlier FDI norms were not letting better products enter the market or letting retailers look at the country. The earlier restrictive policy environment didn't support local outsourcing. Moreover, brands were not able to continue with the same quality para meters as applicable in other international markets. As a result, interest and investments had tapered and were not forthcoming. However, now single-brand retailers will be able to start online sales before they set up brick-and-mortar stores.

 

The success of brands such as Zara, Starbucks and other international names that are already operational here has made India's retail sector shine at the world level. This new ease in FDI norms will give a big boost to global brands and make the India market attractive for them for further trade and investments. It would have an after-effect of also boosting exports which they can source from India to fit their product portf olio. 

 

Primary segments which will benefit would be electronics, mobiles, apparels and luxury goods. If brands open stores on their own it would also create an opportunity for technology upgrade and workforce quality enhancement in the market. This will also aide big retailers who prefer selling goods online and offer next-generation buying experience to their consumers. 

 

Permission to trade through e-commerce is a great decision as simultaneously brands would move their omnichannel machinery to India. This would increase the market size quickly and make them reach out across India. Needless to say this will result in higher business volume and growth. 

 

Under the new norm, retailers will need to open physical stores within two years. The measure will also help retailers, who otherwise used to incur an initial cost on setting up the physical store. But a two-year period seems less as typical shopping centres have a 3 to 4 year construction period, and many prime locations may have already been blocked. However, it would not be a deterrent as the brands can commence with e-commerce immediately with limited physical stores and wait for the newer shopping centres to emerge.