Chennai, 27 st October 2023: BNI (Business Network International), the world’s leading business referral organization hosted SYNERGY 23, the biggest networking event in Chennai.
This is the 9th edition of SYNERGY, and this edition themed as ‘Giving Direction to Life’ signified the beautiful transformation that entrepreneurs and their businesses undergo during the most challenging times. The event registered a strong attendance of 1500 plus entrepreneurs primarily BNI members from Tamil Nadu and other business owners including industry stalwarts from across the country. Eminent Entrepreneurs were also recognized during the event including Speaking at the event, Mr. Sunil Sethia, Executive Director BNI Chennai South & Chennai CBDB said, “Entrepreneurs are the Engines of the Economy” The opportunity to network and collaborate was the principle focus at SYNERGY 23. The business expo had 102 Engagement Booths that helped BNI members and visitors to experience the products and services presented with increased opportunities for referral exchange. With 11092 chapters across 79 countries, BNI members generated 20.06 Billion USD in 2022. BNI provides a global business network that remains unmatched with the members getting increased business through quality referrals. Chennai region with 20 chapters and 1050+ members is one of the fastest growing region both in business terms and categories of business. Regional Director Mr. Ajeeth Nahar, who has been at the forefront of increasing the footprint of BNI in Chennai and beyond, pointed the opportunities and business growth in the suburbs of mega-cities. This has prompted BNI to launch new chapters in the months to come where local business can attain global reach. The Mission of BNI is to help BNI members increase their business through a structured, positive and referral marketing program that enables them to develop long term, meaningful relationships with quality business professionals. The evening at SYNERGY 2023 showcased the recognition that BNI members received for their outstanding contributions as entrepreneurs and innovative thinkers. There were 150 awards presented across 20 categories that set new benchmarks of innovative thinking and leadership.
Bank’s Global Business reached ₹11.33 lakh Cr Net profit up by 62% YoY, Operating Profit up by 19% YoY
Key Highlights (Quarter ended Sep’23 over Sep’22)
● Net Profit up by 62% YoY at ₹1988 Cr in Sep’23 from ₹1225 Cr in Sep’22 ● Profit Before Tax up by 75% YoY at ₹2752 Cr in Sep’23 from ₹1571 Cr in Sep’22 ● Operating Profit for Sep’23 up by 19% YoY at ₹4303 Cr from ₹3629 Cr in Sep’22 ● Net Interest Income increased by 23% YoY to ₹5741 Cr in Sep’23 from ₹4684 Cr in Sep’22 ● Fee based income grew by 11% YoY to ₹805 Cr in Sep’23 from ₹723 Cr in Sep’22 ● NIM (Domestic) increased to 3.52% in Sep’23 from 3.20% in Sep’22 ● Return on Assets (RoA) improved to 1.06% in Sep’23 from 0.71% in Sep’22 ● Return on Equity (RoE) improved by 607 bps to 19.90% in Sep’23 from 13.83% in Sep’22 ● Cost-to-Income Ratio stood at 44.36% in Sep’23 as against 44.27% in Sep’22 ● Total Business recorded a YoY growth of 10% reaching the level of ₹1133091 Cr in Sep’23 from ₹1026801 Cr in Sep’22 ● Advances increased by 12% YoY to ₹492288 Cr in Sep’23 from ₹437941 Cr in Sep’22 ● RAM (Retail, Agriculture & MSME) advances grew by 12% to ₹285891 Cr in Sep’23 from ₹255256 Cr in Sep’22 ● Retail, Agri, MSME advances grew by 14%, 16% and 5% YoY respectively. RAM contribution to domestic advances is 62%. ● Home Loan (Including mortgage) grew by 13%, Auto Loan by 36% and Personal Loan by 49% YoY. ● Deposits increased by 9% YoY and reached to ₹640803 Cr in Sep’23 ● CASA grew by 7%, driven by 8% YoY growth in SB, CASA ratio stood at 40% ● GNPA decreased by 233 bps YoY to 4.97% in Sep’23 from 7.30%, NNPA reduced by 90 bps to 0.60% from 1.50% in Sep’22 ● Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to 95.64% from 91.08% in Sep’22 ● Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07% & Tier-I Capital at 12.63% ● Net Profit up by 16% QoQ to ₹1988 Cr in Sep’23 from ₹1709 Cr in Jun’23 ● Profit Before Tax up by 15% QoQ at ₹2752 Cr in Sep’23 from ₹2394 Cr in Jun’23 ● Operating Profit up by 4% QoQ at ₹4303 Cr in Sep’23 from ₹4135 Cr in Jun’23 ● Net Interest Income stood at ₹5741 Cr in Sep’23 as against ₹5703 Cr in Jun’23 ● Return on Assets (RoA) improved by 11 bps QoQ to 1.06% in Sep’23
Key Highlights (Quarter ended Sep’23 over Jun’23)
● Return on Equity (RoE) improved by 202 bps QoQ to 19.90% in Sep’23 ● Priority Sector portfolio stood at ₹164341 Cr in Sep’23. Priority sector advances as a percentage of ANBC stood at 42.83% as against the regulatory requirement of 40% ● Net Profit up by 52% YoY to ₹3697 Cr in H1FY24 from ₹2439 Cr in H1FY23 ● Profit Before Tax up by 76% YoY to ₹5146 Cr in H1FY24 from ₹2917 Cr in H1FY23 ● Operating Profit increased by 17% YoY to ₹8437 Cr in H1FY24 from ₹7194 Cr ● Net Interest Income grew by 24% YoY to ₹11444 Cr in H1FY24 from ₹9218 Cr ● Net Interest Margin (NIM) Domestic increased by 42 bps YoY to 3.57% from 3.15% in H1FY23 ● Return on Assets (RoA) improved by 29 bps to 1.01% from 0.72% in H1FY23 ● Return on Equity (RoE) increased by 490 bps to 18.90% from 14.00% in H1FY23 ● Cost-to-Income Ratio stood at 44.29% as against 43.14% in H1FY23 Network: ● The Bank has 5819 domestic branches including 3 Digital Banking Units (DBUs), out of which 1974 are Rural, 1522 are Semi-Urban, 1174 are Urban & 1149 are in Metro category. The Bank has 3 overseas branches & 1 IFSC Banking Unit (IBU). ● The Bank has 4866 ATMs & BNAs and 10825 Business Correspondents (BCs). Digital Banking: ● Mobile Banking users increased by 47% YoY. ● UPI users and transactions increased by 34% YoY and 65% YoY respectively. ● Bank has so far launched 63 Digital Journeys under its Digital Transformation Program. ● 86% of transactions are now carried out through digital channels. Our Focus: Indian Bank is strategically expanding the business and major thrust will be on retail, agriculture, and MSME sectors, targeting 10-12% credit growth in FY24. Embracing digital banking as our core focus, we are dedicated to fostering financial growth and prosperity for individuals and businesses across diverse sectors of society. Through constant innovation, we strive to simplify processes, enabling quick and convenient banking. For overall organisational development, Bank is promoting gender diversity, skill onboarding & grooming the employees for leadership. Our team engages with clients to provide hassle- free banking experience through wide range of products and services.
Chennai, 26 Oct. 2023 First of its kind in South India, DAC Developers Pvt. Ltd., one of the Chennai’s most trusted housing development companies, has launched Home Experience Centres at Medavakkam and Tambaram, comprising fully furnished houses that showcase everything from floors to roofs in cross-section so that buyers can visually inspect and physically touch and feel the materials that go into making their dream homes. Honourable Shri V. Ramasubramanian, former judge of the Supreme Court of India, inaugurated the innovative centres: a 1050 sq-ft, experience centre, and an 800 sq.ft one, modelled on the real housing units of DAC Developers’ two newly announced residential projects, DAC Medallion, Medavakkam and DAC Marshall, Tambaram respectively. Talking about the Home Experience Centres, Mr. S. Sathish Kumar, Managing Director, DAC Developers Pvt. Ltd., said, “Our core principles revolve around the 3Es: ENGINEERING-focused innovation, Customer EDUCATION, and Customer EXPERIENCE. The newly unveiled Home Experience Centres embody these principles. We take pride in introducing it first time in South India. The introduction of our Home Experience Centers represents a new layer of transparency, reinforcing the trust our customers place in us.” On the benefits of Home Experience Centres for the buyers, he said, “While buyers can always compare prices, select locations, and even visit model homes, up until now, they haven’t had the opportunity to understand the materials and elements used in the construction of their home components. They had to rely solely on the assurances given by developers. However, our Home Experience Centers provide them with first-hand knowledge about the quality and specifications of every component and item in their dream homes. They no longer need to purchase homes blindly. Now, they can visually examine and physically experience them before making a decision.” The Home Experience Centers proudly feature eleven bays where visitors can examine the cross-sections of various elements, including shear walls, columns, beams, doors, windows, floors, switch boxes, plumbing shafts, as well as exterior components like hand-rails and balcony floors. DAC Medallion is a residential complex in Medavakkam that comprises 125 apartments. Situated in the heart of Tambaram, DAC Marshall comprises a diverse range of 114 unit configurations.
~Discover the REAL WHITE with Colgate Visible White~
Chennai 18 October 2023: Colgate-Palmolive (India) Limited, a leader in oral care, is set to redefine oral beauty and teeth whitening with its innovative Colgate Visible White toothpaste. As part of Colgate-Palmolive’s ongoing agenda to enhance India’s oral health and beauty, the new campaign for Visible White aims to showcase the transformative impact of a whiter smile. Colgate-Palmolive India recognizes the growing interest in oral beauty and is committed to offering products with cutting-edge technology that have relevance for the young Indian consumers. Commenting on the new campaign, Gunjit Jain, Executive Vice President, Marketing, Colgate-Palmolive India said, “The beauty & grooming segments are exploding across categories. Millions of Indians are resorting to personal care products that help present their best versions to themselves and the world. However, when it comes to oral care, most of us continue to use the same toothpaste as the rest of our family. We’re content with the color of teeth that we have, failing to realize the transformative role whiter teeth and a beautiful smile can play. With Colgate Visible White, people can get whiter teeth and unlock a huge beauty advantage. It is already one of the fastest growing products in the toothpaste category and millions more can adopt and benefit from it.” Colgate Visible White toothpaste starts whitening your teeth starting one week and enhances the beauty of your smile. The new campaign highlights the functional benefit of Colgate Visible White toothpaste through a series of humorous scenarios. The ad film features a charismatic protagonist in various social settings, unassumingly captivating people with her radiant smile. Her exceptionally white teeth make others aware of their own, prompting comical attempts to conceal their own smiles using unconventional props. These reactions follow the protagonist as she enters a lift, an art gallery, a swimming pool, and even a wedding reception, emphasizing the power of Colgate Visible White to enhance one’s oral beauty. Harshad Rajadhyaksha & Kainaz Karmakar, WPP@CP, talked about the campaign, “India has not seen specific teeth whitening products, so many are unaware of what Colgate Visible does. This story shows the power of this product through the effect it has on those who don’t use it. Written by Juneston Mathana and crafted into film by Abhinav Pratiman, this film will leave you with a smile on your face. So you better make sure it’s a great smile. Running nationally, the Colgate Visible White campaign will be featured across various media channels, including television, digital, influencers etc. Additionally, in-store and e-commerce media will reinforce the message with the target audience at point-of-purchase. Watch the ad film here: https://www.youtube.com/watch?v=taY_tRX6dXg
Safest Vehicles on Indian Roads: New Safari and Harrier achieve the highest5-star GNCAP rating
Introductory starting price of ₹16.19 Lakh(for the new Safari) and ₹15.49 Lakh(for the new Harrier)
Chennai, October 17, 2023: Tata Motors, India’s leading automotive manufacturer, today announced the launch of the new avatars of its iconic, flagship SUV Safari and its trendsetting, premium SUV Harrier. With significant design changes and addition of several futuristic technologies, both the new Safari and Harrier substantially enhancethe overall experience to set new standards for the industry. Certified with the prestigious GNCAP 5-star rating, the new Safari and Harrier come with the unique distinction of securing the highest score by an Indian car for adult occupant protection (33.05/34) and child occupant protection (45.00/49), making them the safest vehicles to run on Indian roads.
Built on the OMEGARC architecture, derived from Land Rover’s renowned D8 Platform, these powerful and stylish SUVs are available from an introductory starting price of ₹16.19 Lakh (for the new Safari) and ₹15.49 Lakh(for the new Harrier). They are being offered in four distinct Built on the OMEGARC architecture, derived from Land Rover’s personas, portraying the discerning preference and multifaceted lifestyle of today’s SUV customers.safest vehicles to run on Indian roads.
Launching the new Safari and the new Harrier,
Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “The new Safari and Harrier herald a new era in safety, excellence, and experience. Their modern design, exceptional build, imposing stance, smart technologies and ahead of segment features have raised the industry benchmarks for style, drivability and being best-in-class. Each SUV is now an extension of its owner’s persona and a perfect unison of design, technology and performance. With their 5-star GNCAP rating and highest scores by an Indian vehicle to date, our SUVs are the safest spaces on Indian roads.”
Highlights of the new Safari and Harrier
7 airbags with 6 as standard across personas.
31.24 cm Harman Touchscreen Infotainment system.
26.03 cm configurable Instrument Cluster with Navigation Display
10 speaker JBL music system with Advanced Harman AudioworX with 13 bespoke acoustic modes (first in the world)
ADAS with 12 Features
Gesture Controlled Power Tailgate (first in segment)
Voice support with 250+ commands in 6 languages with 4 independent voice assistants (first in segment)
Ventilated first and second row seats.
“The Harrier since its launch in 2019 is a proud trendsetter and the new Harrier takes this attribute several notches higher. A perfect blend of design, technology and strength, it mirrors the warrior lifestyle of discerning young achievers. With its unique sportiness, dominant character, digital cockpit and contemporary interiors, the new Harrier is a true masterpiece enriching its classy pedigree.” – Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.
“Since introducing India to the SUV revolution in 1998, the Safari, our flagship SUV, has built an iconic legacy of always leading from the front. Safari is now more than an SUV, it’s a lifestyle. We have therefore made the new Safari more safe, smart, assertive, plushand technologically advanced. It’s time to ‘Reclaim Your Life’ with the new Safari.”- Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility
Chennai, 16th October, 2023: Vishnu Cars a leading dealer of Maruti Suzuki India Limited (MSIL) today announced the successful delivery of 206 cars to New Pandian Travels in Chennai. This is the highest Tour vehicle delivery from a Maruti dealer to a single customer in Chennai. The cars delivered include the Tour S (Dzire), and Tour M (Ertiga).
Speaking on the occasion, Mr. Venkat Rao, Managing Director, Vishnu Cars said, “We are pleased to announce the successful delivery of 206 cars to New Pandian Travels. This is a major milestone for Vishnu cars and a testament to the trust that our customers have placed in us. We are committed to providing our customers with the best possible experience and this delivery is a step in that direction”. Vishnu Cars is confident that the delivery of these cars will help to boost its sales in Chennai and will also help to strengthen its brand image in the city.
New Pandian Travels Pvt Ltd (NPT) is a leading operator in South India providing employee transportation for 75+ corporates. Started in 2005 NPT operates about 4500 cabs per day and transport on an average 70,000 employees per day to various corporates.
Speaking at the event, Mr. Natrajan, Managing Director New Pandian Travels Pvt Ltd (NPT) said “New Pandian Travels Pvt Ltd, (NPT) 18years experienced company, doing Employee Transport Services taking a significant leap into the future of transportation by introducing CNG vehicles into the commercial sector. This initiative marks a pivotal moment in our efforts to reduce emissions, cut operational costs, and promote sustainable mobility solutions. By reducing emissions, cutting operational costs and promoting eco-friendly transportation options, we, NPT is leading the charge in environmental stewardship”.
Maruti Suzuki India Limited and Vishnu cars have been a great partner for a young entrepreneur like us and has supported our growth momentum significantly. This partnership with Maruti Suzuki India Limited reinforces our belief in our CNG journey and gears us well to achieve bigger scales at a much faster pace.
Following dignitaries participated in the event: Mr Bharath Sampath – Regional Manager, TN & Puducherry (Maruti Suzuki India Limited) Mr Venkat Rao – Dealer Principle, Vishnu cars (Maruti Suzuki India Limited) Mr Shankar – Founder & Director, New Pandian Travels Mr Natrajan – Chairman & Managing Director, New Pandian Travels
● Celebrating everyday moments, the new campaign aims to take the much-loved Choco Pie
closer to consumers’ heart
National, 16 th October, 2023: Lotte India, one of India’s leading players in the confectionary industry, unveiled its latest marketing campaign – Love & Lotte, celebrating its flagship brand Lotte Choco Pie. With an aim to further strengthen the brand’s connect and take it closer to the hearts of the consumers, Love & Lotte is a creatively envisaged campaign that dabbles on modern lingos, emotions and more. The campaign, is centered around a series of joyful TVCs that capture everyday moments with Lotte’s Choco Pie. The campaign includes TV and Digital advertising, Print, Outdoor, On-pack innovations, and on ground activation. Love & Lotte campaign has just gone live across popular GECs and social media platforms. The brand’s new campaign is an expression of innocent love through its new lingo connecting directly to Choco-pie lovers’ hearts, wherein the word ‘Lotte’ will creatively replace the word ‘lot’ in common day-to-day phrases. For instance, one would start expressing their care and affection towards another by using ‘Love you a Lotte’ instead of ‘Love you a Lot’. Other catchy expressions like ‘Miss you a Lotte’, ‘Thanks a Lotte’, ‘Lotte cool vibes’, ‘You talk a Lotte’, etc. are some of the exclusive phrases captured in this campaign which is sure to become a trendsetter amongst Lotte India’s loyal customers. Commenting on the occasion, Mr. Milan Wahi, Managing Director, Lotte India said “We are delighted to be rolling out our new marketing campaign for our beloved flagship brand, Lotte Choco Pie. Our everyday life is filled with fleeting moments of love and care that make life beautiful. We wanted the essence of this to be captured and celebrated with the sweetness of Lotte Choco Pie. As category creators, we continue to enjoy a strong market leadership and through this campaign we want to connect emotionally with our target audience and become a part of their small, joyful moments. This brand campaign creates a truly novel language for Lotte Choco-Pie with a new world of lingo filled with emotions and emojis that will uniquely connect with our targeted customers.” The campaign, conceived by Mumbai-based creative boutique “Cut the Crap” (CTC), features a series of four versatile TV commercials that beautifully capture heartwarming moments of love and affection, transcending generational boundaries. Two of the films tenderly portray the innocent exchanges of love and affection between children, evoking a sense of pure, unfiltered emotion.
Another film artfully captures the poignant exchange between a mother and her son, highlighting the enduring bond between them. The fourth film captures a delightful and endearing banter between an older couple, showcasing the timeless nature of love and companionship. Each vignette is meticulously crafted to resonate with audiences across all age groups, creating a tapestry of touching moments that leave a lasting impression. The Love & Lotte campaign which is already live catering to a wide demographic as it is broadcast through various ATL and BTL channels, in addition to prominent social media platforms like YouTube, Instagram, Facebook, and more. Furthermore, Love & Lotte ad campaigns will be aired during the current matches of ICC Men’s Cricket World Cup 2023 on Disney+ Hotstar OTT platform, as a celebratory tribute for the love of the game. Love & Lotte brand campaign could be accessed using this TVC Link:
PUDUCHERRY, INDIA – Intelligent power management company Eaton today broke ground in Sedarapet, Pondicherry, to expand its electrical business footprint in India. The new block will span over an increased area of 100K sq feet in addition to the current space of 150K sq feet shop floor, doubling the volume of the current business. The plant will leverage new processes including – 6-axis robots, fuse soldering, selective soldering, and other smart manufacturing technologies, that will contribute to regional growth through employment, business, and sourcing opportunities.
Syed Sajjadh Ali, Managing Director – India, Electrical Sector, Eaton, said “Investing in our new Electrical facility reflects Eaton’s unwavering commitment to innovation, sustainability, and local economic growth. This expansion will create an opportunity for an additional workforce to be hired. Aligned with our commitment to the ‘Make in India’ initiative, we believe in powering what matters and will equip ourselves to meet the growing demands of the Electrical Industry in India through this expansion.”
The present plant in Puducherry is laid out with cutting-edge manufacturing lines to produce ACBs (Air Circuit Breakers) and MCCBs (Molded Case Circuit Breakers) to ably serve the Electrical Industry by deploying state-of-the-art LEAN manufacturing concepts.
Syed added, “By leveraging Industry 4.0 principles, Eaton aims to enhance process capability, optimize production efficiency, and deliver high-quality products through Manufacturing Execution System (MES), Autonomous Guided Vehicle (AGV), 3D Printed Components.”
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably, and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, 2023 marks Eaton’s 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Special tasting session with chefs and foodies at the launch of Mediterranean restaurant Meet and Greet at Doner and Gyros launch at Palladium, Phoenix Marketcity
Chennai October 14, 2023: Phoenix Marketcity, one of the premium malls in Chennai witnessed great excitement and celebration on 13 th October 2023 (Friday) at the launch of a well-known Mediterranean restaurant brand Doner and Gyros by Roadies and Splitsvilla fame host Rannvijay Singha who had galvanized his fans with his meet and greet session. Located at Palladium, Phoenix Marketcity Doner and Gyros famous and experts of Mediterranean flavours, its group of delicacies Doner sandwich, salads, falafel, shawarma, and Gyros sandwich has amazing connect with its customers. Fans went crazy post interacting and spending time with the charming and well-known TV host Rannvijay Singha on his future, favorite dishes, passion for reality shows and fitness routines. Apart from the shopaholics and cinephiles, Friday evening at Palladium, Phoenix Marketcity, Chennai turned out to be a rendezvous abuzz with foodies, gourmands, chefs, and people who love experimenting with Mediterranean versions of sandwiches and falafels coupled with an entertaining and engaging session with the stunning and magnetic TV host Rannvijay Singha adding fun and style at the launch of the premium Turkish and Mediterranean chain of restaurant. Commenting on the launch of Doner and Gyros at Palladium, Phoenix Marketcity Chennai Rannvijay expressed ” This is my most favourite restaurant and I love Mediterranean cuisine especially hummus. Phoenix Marketcity will be my best destination in Chennai, and I am very excited to be part of this launch in Chennai. “ Weekends at Phoenix Marketcity, Chennai always has busy crowds exploring and indulging in their retail therapy and spend some fun filled evenings with their loved ones at stores, food courts, restaurants and at the movies. Discovering and enjoying distinct Mediterranean cuisine at Donor and Gyros with great fun, music and entertainment made this a very memorable weekend evening for the people of Chennai.
Chennai, October 12th, 2023: REFCOLD India, 2023, South Asia’s leading exhibition and conference dedicated to refrigeration and cold-chain technologies, commenced today at the Chennai Trade Centre, Chennai. Organised in collaboration between the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) and Informa Markets, REFCOLD India 2023 is set to redefine the industry landscape. This well-reputed event represents a significant step forward in the refrigeration and cold-chain sector, unveiling a vast potential cold-chain market of around INR 4.3 trillion by 2027.
The event’s grand inauguration was spearheaded by a rich array of dignitaries including Guest of Honour – Dr. R Velraj, Vice Chancellor, Anna University; Mr. Raja M Sriraam, Chairman, RECFOLD Chennai, ISHRAE; Mr. Yogesh Thakkar, National President, ISHRAE, Mr. Anoop Ballaney, National President Elect, ISHRAE and Mr Yogesh Mudras, Managing Director, Informa Markets in India.
The 6th gala edition of REFCOLD India brought together top experts, businesses, and thought leaders who are driving the industry’s transformation with over 200 exhibitors, including an impressive lineup of industry giants such as BlueStar, Copeland, Rinac India, Tecumseh, Daikin, K-Flex, Yaskawa, and Danfoss, among others. The show anticipates more than 10,000 visitors, industry leaders, and professionals, for dynamic business opportunities, knowledge-sharing sessions, and networking.
Speaking on the occasion, Mr Yogesh Thakkar, National President ISHRAE said, “The adoption of integrated cold chain solutions has the potential to significantly revolutionize the traditional perishables sector, bringing about substantial changes in the market landscape and overall growth. This is especially important in a country where agriculture employs 60% of the population. To harness the potential of integrated cold chain solutions, there is a need to optimise logistics, enhance value addition facilities, adopt green refrigeration practices, and adopt energy-efficient cooling systems and natural refrigerants ultimately improving efficiency across the supply chain. Similarly, the Indian organized food industry is a vast arena with significant potential. This underscores the substantial room for growth in the food delivery sector, which, when integrated with advanced refrigeration and cold chain solutions, can further enhance food quality, safety, and delivery efficiency.”
“The pandemic acted as a catalyst, propelling India’s online food delivery market to reach approximately $21 billion by 2026, with a remarkable compound annual growth rate (CAGR) of nearly 30%”, he further added.
With the valuable support of MOFPI (Ministry of Food Processing Industries Government of India), other esteemed associations like IIR (International Institute of Refrigeration), NCCD (National Centre for Cold-chain Development), IDA (Indian Dairy Association), IIAR (International Institute of Ammonia Refrigeration) and more, the event successfully bridged the gap between suppliers and buyers.
REFCOLD India offers an enriching programme of Conferences and exhibitions by technical experts of the industry focusing on Industrial Refrigeration along with Cold Chain and Reefer Transportation, Seminars and workshops on pharma, dairy, fishery and hospitality encouraging continuous learning and skill advancement. The expo covered important topics on Heat pump integrated thermal storage for dairy applications, Natural Refrigerants, Innovative Design or Technology for Net Zero Cold Storage Plants, Challenges on Dairy Processing and Storage, Safety Standards and Trouble Shooting of Refrigeration Plants, to name a few.
Commenting on the significance of REFCOLD India 2023, Mr Yogesh Mudras Managing Director, Informa Markets in India said “REFCOLD India provides a transformative journey that unlocks opportunities for fresh horizons and valuable collaborations. The expo offers a plethora of opportunities to connect with industry experts and learn about cutting-edge technologies. Furthermore, the government is also taking proactive steps to boost the refrigeration and cold chain industry by establishing extensive cold storage facilities nationwide. This initiative aims to minimize food wastage, encouraging eco-friendly refrigeration practices, while simultaneously stimulating economic growth. The added attractions including our content-rich conference that aligns with the theme of ‘Preserve through Innovation for a Better Future’ will gather experts, stalwarts, and key organizations and provide the momentum the market truly deserves!”
Distinguished speakers that graced the event included notable figures like Mr. Arvind Surange, Chairman and Managing Director of ACR Project Consultants Pvt Ltd; Dr. Lambert Kuijpers, an Environmental Consultant hailing from Venlo, Netherlands; Mr. C.P. Charles, a Central Executive Committee Member at the Indian Dairy Association; Dr. Alex Pachai, representing Global Consultancy, ApS in Denmark; Dr. Omar Abdulaziz, a Mechanical Engineer affiliated with The American University in Cairo, Egypt; and Mr. Jiju Nair, who holds the position of National Marketing Manager at Honeywell, among others.
Insights on India’s Cold Storage and Refrigeration Technology Market:
Advancements in refrigeration technology have led to energy-efficient systems, particularly beneficial in high-energy industries like chemical manufacturing. These optimized systems and eco-friendly refrigerants not only lower carbon footprints but also reduce emissions and water waste compared to traditional cooling methods like cooling water towers.
Additionally, in India, where agricultural production is vast, but access is limited, the cold chain sector plays a vital role, further driven by the growth of organized food delivery and e-commerce segments.
REFCOLD India gathers experts from the global and Indian refrigeration sectors to drive innovation and combat food waste. It highlights the importance of cold chain management,
Mr. Madhur Sehgal, Head Climate Solutions, Danfoss said, “We are bringing an exciting opportunity to all of you to have an exclusive visit to our lead Platinum Campus on 13th October 2023. This is a unique opportunity to witness the state-of-the-art campus with next-generation R & D and production facilities, an application development center, and a customer experience center showcasing the live working performance of our products in diverse industry applications. We will also be pleased to showcase the use of the latest technologies and specific actions on our campus on HVAC, Renewable Energy, Water, and waste management, leading to faster progress toward our Net Zero Emission goals. Please join us for this exclusive event on 13th October and discover how Danfoss can help you achieve your goals of clean growth and development.”
Mr. M Srinivas Reddy, Vice President, Commercial Refrigeration Business Group, Blue Star stated, “We, at Blue Star, recognise REFCOLD as the perfect platform to showcase various refrigeration solutions. We are confident that it will help us reach our target audience well and we wish REFCOLD a huge success.”
On the sidelines of the expo, Informa Markets in India launched its 4th edition of the Festivity of Business campaign for this year’s high season. As the autumn season blankets India with its diverse array of festivals, the initiative will be a vibrant tribute to India’s economic triumphs and its burgeoning global influence. This year, Informa Markets in India’s initiative encompasses a rich tapestry of over 40 events till year-end, including ten signature Expos, along with distinctive Conferences, Industry Awards, Buyer-Seller Meets, and Training programmes in influential sectors. All these are poised to elevate the nation to new heights.
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