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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
21721. Toyota Kirloskar Motor reiterates its commitment to Indian market
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Karnataka
Mint
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- Toyota Kirloskar Motor (TKM) said it remains deeply committed to the Indian market and its national objectives, refuting once again the claims by a senior company official earlier that it would stop further expansion in India due to high taxes.
- "As part of these efforts, Toyota Group in India is targeting to invest over ₹2,000 crore in India in the coming years on technology and electrification, both for the domestic and the exports market," TKM Managing Director Masakazu Yoshimura said in a statement.
- The company has an installed capacity of 3.10 lakh units spread across two plants in Bidadi, Bengaluru.
21722. Goa Startup’s Biodegradable Packaging Stores Liquid Food For 2 Days, Without Leaks
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- “The practice of food packaging and delivery in the food and restaurant business is predominantly centred around plastic or aluminium containers. These containers either pile up in our homes or probably enter a landfill,” says Sachin Gangadharan, an architect who quit his job and co-founded the startup in 2019.
- LaFabrica Craft launched by Sachin Gangadharan offers biodegradable packaging solutions through innovative paper bags that prevent liquids from leaking and carry weights upto 20 kg
- Can you imagine collecting a parcel for a dal or a curry from one of the favourite restaurants in a paper bag? Further, what if the paper packaging guarantees to be leak-proof for two days? A Goa-based startup – LaFabrica Craft – has innovated just that -a packaging solution that allows liquid food items to be carried in a biodegradable packaging solution.
21723. BHEL ties up with SwissRapide AG to bring Maglev trains to India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Switzerland
Times Now
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- State-run engineering firm Bharat Heavy Electronics Limited (BHEL) recently announced its tie-up with SwissRapide AG to bring magnetic levitation trains commonly called Maglev trains to India.
- As per the agency report, this project will enable BHEL to bring the latest, world-class technology transportation to India as it will enable the PSU to manufacture state-of-the-art Maglev trains indigenously.
- The MoU sets out the foundation to cooperate and explore mutually beneficial business opportunities, and to utilise both the companies' inherent skills capabilities, knowledge and assets, with respect to the scope of Maglev train projects in the country.
21724. Stylish yet simple: startup Boingg!'s winning mantra to give kids a happy start
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Gurugram-based children’s furniture startup Boingg! survived days of zero revenue during the pandemic-led lockdown. Sales have now picked up for the startup, which is targeting up to Rs 50 lakh revenue per month by Diwali.
- “In a family home, all the joy and laughter reside in the child’s room. We want the room to match its occupant,” says Neha Indori, Co-founder of children furniture startup Boingg!
- Bitten by the entrepreneurial bug, Neha discussed the idea with her husband, Vitesh, and her brother-in-law, Dhruvan Barar, an IIM-Kozhikode graduate who was then working with Quikr as a Senior Associate. Vitesh decided to continue working with BMW, while Neha quit her job at Infosys India and joined hands with Dhruvan to start Boingg!
21725. Chinese car company plans to up India investment by Rs 1,000 crore
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
China
The Times Of India
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- Unfazed by the anti-China sentiment, MG Motor has said that it will approach the department for promotion of industry and internal trade (DPIIT) to make fresh investments into India as the Chinese carmaker plans to get in an additional Rs 1,000 crore to launch new models and expand operations. However, in line with the recent changes in FDI rules, the company — due to its lineage (it’s a sub-brand of Chinese auto major SAIC) — will need to take an approval/clearance from DPIIT to make fresh investments.
- “The government has full right and responsibility to decide whatever is good for the country. Any government has to do what is good for the country. The Indian government is doing all the right things,” MG Motor India president and MD Rajeev Chaba told TOI when asked whether the additional permissions were a business irritant. Asked whether the anti-China sentiment will have an impact on business sentiments, he said “short-term” effects could be there, but it will be growth-oriented business in the medium to long term.
- The company had to lose out on an electric vehicle order from Energy Efficiency Services (EESL), the central government’s electric vehicles procurement arm, due to changed rules for government tenders where DPIIT clearance is required. Chaba, however, claimed that the company decided “not to participate” in the tender as the price of the ZS electric SUV was higher than what EESL wanted. On plans for India, he said that MG Motor will be increasing localisation. “We have taken a conscious call to have higher localisation in the country. Even if a part is 20% costlier in India than any other country, especially China, we will localise.”
21726. How Pune-based Vendekin is using SaaS tech to enable a secure, cashless, and touch-free vending experience
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- End-to-end integrated intelligent vending solution Vendekin partners with manufacturers and retrofits existing vending machines to enable users to purchase via a mobile app and make cashless payments.
- Founded in 2016 by Aroon Khatter, Pune-based Vendekin is looking to tap this growing market by enabling the digitisation and democratisation of vending with its patented technology for unmanned automated vending machines, micro markets, and self-service kiosks.
- Vendekin, which aims to make the vending experience touch-free and cashless, is involved in retrofitting existing vending machines and partnering with vending machine manufacturers to include SaaS technology, which enables users to purchase the product via mobile app and make payments online.
21727. Three top Apple suppliers to commit US$900 million to India smartphone incentive plan - sources
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
India Briefing
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- Three of Apple Inc's top contract manufacturers plan to invest a total of almost US$900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
- Foxconn has applied to invest about 40 billion rupees (US$542 million), while Wistron and Pegatron have committed to invest close to 13 billion rupees and 12 billion rupees, respectively, under the PLI plan, the sources said.
- It is unclear whether all of the investment will be targeted at boosting manufacturing of Apple devices in India, but the sources and industry insiders said the vast majority would be focused on expanding iPhone manufacturing in the country.
21728. This Benglauru-based startup is enabling businesses to grow by specialising in all things data
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- With its database support, consultancy and engineering services, know how GeoPITS is enabling companies to grow by creating a high-performing database environment to derive meaningful business insights at affordable costs tailor made for their requirements.
- Thiru founded Geo Platinum IT Services (GeoPITS) to bring this change in approach by providing the right expertise in building a reliable, scalable and efficient database environment. Founded in 2017, its mission is to create a high-performing database environment for companies to derive meaningful business insights while keeping costs, quality and sustainability in mind.
- GeoPITS provides comprehensive database services across three main aspects: 24x7 database support, managed services and consulting. The company’s experts provide round-the-clock database support, including remote database administration (DBA) support that helps companies to monitor, manage, optimise and maintain databases as per their requirements.
21729. RAISE 2020: This startup powers Indic language interfaces of Paytm, PolicyBazaar, others
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Gurugram-based AI startup Process9's Indic language technologies service verticals like ecommerce, entertainment, fintech, and travel.
- One of the co-founders, Devendra Joshi, was responsible for localising Apple products in local languages back in the 90s. He was also the first to develop Indic language fonts for media companies in India and Southeast Asia.
- In the early 2010s, when Joshi and his Co-founders, Rakesh Kapoor and Vidushi Kapoor, turned their attention towards mobile and internet, they realised that Indic languages had a “next-to-nothing” presence in the space.
21730. France’s Groupe PSA announces entry into aftermarket biz in India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
France
Business Line
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- The €75 billion French auto major Groupe PSA has announced a major expansion of its business in India with its entry into the Indian independent aftermarket segment through its global multi-brand label Eurorepar, a move aimed at attracting more customers and establishing the brand firmly in the country.
- The company enters the Indian independent aftermarket with a sales and distribution tie-up with GoMechanic, a technology-enabled aggregator of local car workshops for multi-brand car servicing.
- “This is a unique strategy that we are creating the aftermarket ecosystem before the launch of our first car, which will be rolled out early next year. We will come out with a full range of quality parts with the service support from GoMechanic,” Roland Bouchara, Senior Vice- President-Sales and Marketing India, Groupe PSA, told