7th Edition CFO Leadership Summit concludes successfully at Shangri-La’s Eros Hotel, New Delhi

New Delhi | December 19, 2016

Exito Media Concepts Pvt. Ltd. concluded on the 7th edition of the CFO leadership Summit on the 16th December 2017 at the Shangri-La’s Eros Hotel, New Delhi. The conference was aimed at the 150 top CFOs from the India Inc, in the Northern Indian Region. The one-day conference was a great avenue for the CFOs to network among peers across industries, while listening to the key leaders and networking with the financial service solution providers.

dsc_5795

Senior leaders from companies of various sizes gathered to share best practices and specific approaches highlighting the innovations and latest amendments implemented to fulfill the organizational requirements. The second last quarter saw quite a few strong elements contributing the fluctuations in the financial markets and the CFOs alike. With a hit of Demonetization the time was just right to discuss the challenges and the way forward during this time. An insightful keynote from Kaushik Datta, Director, Thought Arbitrage Research Institute was a great day starter, leaving the group with quite a few thought provoking techniques to manage the finances during this time. The CFOs also got to know in-depth about how Brexit is affecting the flow on the investments a session lead by Dr. SP Sharma, Chief Economist, PHD Chamber of Commerce and Industry.

Exito is known for innovative approaches to facilitate and enhance networking at conferences. The speed networking session during the first half of the day was a timely activity to bring everyone together and making sure the rest of the day gets aligned with the audience’s expectation and thought space.

There were ample meetings among the delegates and the solution providers which helped the sponsors create the right connects with the decision makers. The day got over with a panel discussion on a CFOS emerging role in the Corporate Sector. The session was moderated by Chetan Mathur, Senior Director, Controller India Region, PepsiCo India Holdings Private Limited and was attended by:

  • Yogesh Mathur, Group President and group CFO, Moser Baer
  • Rajeev Jain, Director and CFO, Intex Technologies (India) Ltd
  • Pradip Menon, CFO & Wholetime Director, AkzoNobel India Ltd
  • Sandeep Deshpande, Group CFO, ALP Group

‘An excellent program with very good arrangements’ said – Philip Devasia, Chief Manager (Finance) from Indian Oil Corp. Ltd the event received similar feedback from the attendees. Chandresh Singhvi, GM – Finance from GSK said “it’s a great platform to bring esteemed dignitaries from various industries & an efficient way to network.

About Exito –  Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our clients. Successfully organizing these B2B events from past 7 years, Exito conducts close to 100 events each year.

dsc_5110

dsc_5174

dsc_5211

dsc_5213

dsc_5224

dsc_5228-copy

dsc_5235-copy

dsc_5280

dsc_5296

dsc_5333

dsc_5375

dsc_5401

dsc_5407

dsc_5457-copy

dsc_5594

dsc_5600

dsc_5653

dsc_5666

dsc_5730

dsc_5750

dsc_5773

dsc_5785

5th edition of the Pharma Innovation & Technology Summit and Pharma CIO awards 2016

Mumbai, December 8th, 2016

ExitoMedia Concepts Pvt. Ltd. recently conducted the 5th edition of the Pharma Innovation & Technology summit along with the Pharma CIO awards 2016 on 8th December at the JW Marriott in Juhu, Mumbai. The conference was a showcase of best practices and IT innovations implemented by the leaders of the Indian Pharma Inc. The one-day conference was a great platform to network and discuss the latest technology initiatives which was concluded with a gala award distribution recognizing India’s top IT leaders in the Pharma landscape.

img_3964-02

Senior leaders from companies of various sizes gathered to share best practices and specific approaches highlighting the innovations to fulfill the organizational requirements. “PITS 2016 was one of the most relevant industry events, with sessions that touched upon industry challenges and opportunities for technology to make a difference. Also, since it was well – attended by senior IT leaders of the industry it was a great platform to network” said Mr. MayurDanait, CIO ,Lupin Ltd.

“Excellent event & information platform, kindly share invite for all upcoming events.” Said MahendraSoni, Deputy Manager-Infotech, Watson Pharma Pvt.

“Excellent Venue, organized events, speakers are so well selected” – said Aniruddha Paul, Technical Sales Manager Dassault Systems.

While the industry leaders addressed the challenges and the solutionsin the regular IT landscape Mr. Sudarshan Jain, MD – Abbott healthcare Pvt. Ltd. revealed few in-depth insights on how Internet of Medical Things is striving hard to improve the patient care – a topic awaited by all and well received. Atanu Roy, CIO and SVP, Sun Pharmaceuticals Pvt. Ltd. left the crowd thinking about the convergence of technology and its impact on the Pharma Industry Ltd.

The industry awards came as a great motivation for the winners. A jury panel comprising of three dignitaries including Mr. RanjitShahani, Vice Chairman & Managing Director, Novartis India Ltd,

Mr. SuneelAradhye, Ex-CIO, RPG Group and Essar Steel Business & Co-Founder and COO Ideas to Impacts and Dr. AjitDangi, President & CEO, Danssen Consulting & Chairman of the Board, Fulford India Ltd. awarded six IT leaders, the names are as follows –

Name Job Title Organization
Edsel Pereira Sr. Vice President Glenmark Pharmaceuticals Limited
Amit Kumar Rustagi VP  & Head – IT GVK Biosciences Pvt. Ltd
Jitendra Mishra VP – CIO Wanbury Limited
Viral Gandhi Group Chief Information Officer Piramal Enterprises Limited
Atanu Roy SVP & CIO Sun Pharmaceutical Industries Ltd
MayurDanait CIO Lupin Limited

Just before the awards ceremony, the final session was a panel discussion on the Policy and Regulatory Landscape and its impact on the Indian Pharma industry. The session uncovered the current market condition and insights, speculating the scale of the growth trajectory and how full potential of the industry could be achieved. The event saw attendance from top 100 companies from the Indian Pharmaceutical industry promising a deep reach in the market and among market leaders.

All in all, the event received a great response from the IT leaders and the Pharma Solution providers so much so that the organizers received close to 40% rebooking at the event closure itself.

About Exito –  Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our

clients. Successfully organizing these B2B events from past 7 years, Exito conducts close to 100 events each year.

For more information, contact

Bhaskar Mani

Sr. Conference Producer
Exito Media Concepts Pvt. Ltd.
D: +91 9535066544
Email – Bhaskar@exito-e.com

img_3379-02

img_3385-02

img_3548-02

img_3573-02

img_3653-02

img_3786-02

img_3899-02

img_3946-02

World Startup Expo Concludes On A High Note

06 December 2016, Bengaluru, India – World Startup Expo, the three day extravaganza concluded on 23 November 2016 at Bangalore International Exhibition Centre. For the first time in the startup ecosystem, India witnessed a unique exhibition and a conference that provided a platform to interact and learn from global startup gurus. It was a massive gathering of 300 startup exhibitors, thousands of entrepreneurs, leading technology providers, investors, thought leaders, banks, policy makers, influencers and a host of national and international speakers.

wseThe elaborate event began on 21 November 2016 and comprised of a 3-day exhibition; 2-day conferences (WSE main conference and expo conference); four masterclasses conducted over two days; a 36-hour coding challenge – World Tech Hackathon; pitch competitions to compete for the Startup World Cup – India Chapter, and 100 Open Startups level 3; and WSE awards, all under one roof.

Day-1 had a great line-up of speakers that included George Molakal, Chief Executive Officer, Alcor Fund; Ravi Belani, Managing Director at Alchemist Accelerator; Baybars Altuntas, Global Entrepreneur, Best-Selling Author, Angel Investor Dragon of the Dragons’ Den; Amit Gupta Co-Founder & President at InMobi; Ritesh Malik, Chief Executive Officer at Innov8 work. One of the interesting panel discussions held on the first day of the WSE conference was – Biggest Challenges & Rewards for angel investors Both Lie with the Entrepreneurs. It was moderated by Baybars Altuntas, Global Entrepreneur, Best-Selling Author, Angel Investor Dragon of the Dragons’ Den and the panellists were Nagaraj Prakasam, Partner at Acumen Fund; Utsav Somani, India Angelists; Mahavir Pratap Sharma, Chairman and Co-Founder at Rain Rajastan Angels and Abhishek Sanghvi, Co-Founder at Swan Angel Network.

Second day had an interesting mix of speakers like, Sabina Chopra, Co-Founder at Yatra.com; H.E. Sara Al-Madani, Board Member at UAE SME and Enterprise Counsel; Sandeep Aggarwal, Founder at Shop Clues & Droom; Kunal Kapoor, Actor & Co-Founder at Ketto; and Inder Sharma, Visionary, Serial Entrepreneur & Angel Investor,  to name a few. Adrian Johnson, Managing Director at Startup Bootcamp Fintech moderated one of the distinguished panel discussion – Women Entrepreneurs In the Startup Ecosystem and was participated by some successful women entrepreneurs like Sabina Chopra, Co-Founder at Yatra.com; H.E. Sara Al-Madani, Board Member at UAE SME and Enterprise Counsel; Manjul Kubde, Founding Member & Chief Product Architect at Seclore; and Priti Sawant, Founder & CEO at JoulestoWatts Business Solutions Pvt. Ltd.

The event concluded with pitch competitions and an awards ceremony on day three. 25 startups were screened, evaluated and selected out of over 300 pitches that were submitted. World Startup Expo was the Regional Partner for Startup World Cup and the winner at this pitch competition will represent India in the final round that is to be held in San Francisco, USA in March 2017.

Nebu K Abraham, Chief Executive Officer of Cocoon Ventures said, “We were truly delighted to see so many ambitious startups with great ideas. I take this opportunity to wish them the best of luck in their endeavours”.

The 25 startup finalists were: AVR EdGE Networks Pvt. Ltd, Triofit, Boston Ivy Healthcare Solutions Pvt. Ltd., BRAINSTARS, Creatella Pte Ltd, Crysp, Doctors’ Circle, Endless Robotics, FlippAR – MovingUp Products â,,— Ltd, Healthiply.in, Hello World, Hug Innovations, I2U2 Robot, Innovision (Inceptor Technologies Pvt Ltd), JUSTAP Media Pvt Ltd, LMN Technology pvt ltd – All Author, Parin Global LLP,  SchoolSaamaan.com (Agrim Education Services Pvt. Ltd.), Shapecrunch, Snackexperts, My Taxi India, Use my Vouchers, Navalt Solar & Electric Boats, Energyly ( Vidabest), and Gift XOXO.
And the winner for Regional Startup World Cup – India was CRYSP.  Representatives of Crysp will compete for 1 million USD at Startup World Cup taking place on 24 March 2017 at San Francisco, USA.

“This is a first of its kind mega show for startups and was conducted in a much larger scale covering the entire gamut of startup ecosystem. Trescon is immensely proud to successfully organise this event”, said Mohammed Saleem, Chief Executive Officer, Trescon.

World Startup Expo was the Global Strategic Partner for 100 Open Startups who selected 30 startups to pitch at their level 3 event held at World Startup Expo. Out of the 30, top eight winners will compete for the level 4 in Brazil to be held in February 2016. And those eight are: Green Dzine, Interpretonomics; Snack Experts, Trizzio, Zilico, Drone Aerospace, R2 Robotronics and Minimac Systems.

Winners of WSE awards under organisation category

  • Blue Pepper – Food & Beverage
  • Rure Bank – Fintech
  • Trizzion – Science & Technology Platforms
  • Esysoft Technologies – Energy & Utilities
  • Zoylo – Healthcare
  • Ready Assist – Boot Strap Champ
  • Reaching Soon – Open Challenge
  • Hug innovations – Wearables
  • Klenty – Small Business
  • Newee By Athena – Industry of the Future
  • Cloudra – Information Society

Winners of WSE awards under Individual category

  • Startup Founder of the Year 2016 – Vaun Anand for his startup MphRx
  • Versatile Startup Founder of the Year 2016 – Rishabh Jain for his startup UseMyVoucher Technologies Private Limited
  • Startup Youth Founder of the Year 2016 – Sneha Priya for her startup Kidobotikz (SP Robotics

Winner of World Tech Hackathon is Picasso, Jayaa Bharadwaj

Sponsors of the event
7 Nodes, Moolya, RAK Free Trade Zone, Flock, AirMeLive, #MyBag, Kerala Startup Mission, Coworks and Ready Assit and Furlenco

World Statup Expo was supported by 10,000 Startups- A Nasscom initiative; Contributing partner  – Invest India; Radio & Entertainment Partner – Radio Indigo; Presentation Partner – Slyds;  Sms Partner – Kapsystems; Marketing Partner – Moshi Moshi; Content Marketing partner – Comezzo; Ticketing Partner – Events High; Live Streaming partner – Castkom; Accommodation Partner – Oyo Rooms; Online news Distribution partner – Business Wire India; travel Partner – Travel Mela; Video partner – Couch Potato Productions; Hackathon Partners – C4 Workspace and Hasura

Association Partners
91 Spring board, Asian – Arab Chamber of Commerce, BHIVE, Construkt, Diplomatic and Consular Corps of Karnataka, Events Tiger, Indian Entrepreneurs Club, INNOV 8, Native Angels Network, Ninzabiz, Software Startup Association, Startup Chile, Startup Club, Startup Leadership Trust, Startup Manufactory, Startup Oasis , Startup Square, Turkish Indian Chamber of Commerce and Industry TICCI, Wadhwani Foundation, WorkBench Projets, Startups World Network, Startup Mechanics, Innov8 and Text local .

Accelerators
ah! Ventures, Alchemist Accelerator, Angel Paisa, Chatur Ideas, Hatch Station, Hatch Station, NUMA, Startup Bootcamp, TLABS, Jaarvis, REVVX

Incubators
50 Partners, Centre for Incubation and Business Acceleration, Composite Technologies, DKTE’s Yashwantrao Chavan Polytechnic, E-Health TBI, Ginserv, Health Start, ICREATE, IIIT-H Foundation, KIIT Technology BusinessS Incubator, Society for Innovation and Entrepreneurship, Startup Village, Amrita TBI, GUSEC and Udgam

Angel Networks
African Business Angels Network, Blue Sky Angels and E-Health TBI, Chandigarh Angels, CIO Angel Network, Hyderabad Angels, Indian Angel Network, Mumbai Angels, World Business Angels Investment Forum, Swan Angel Networks, Turn8, Saha fund, Zsolt Capital, Z Nation Lab, TBAA, Kalaari Capital, Kstart, Green Capital, 50K ventures, Idea Spring and Keirtsu Forum

Media Partners
The Asian Entrepreneur, Tech in Asia, Startup Success Stories,IndianCEO, Entreprenuer, Iamwire,Asia Pacific Security Magazine, Chief IT, Chaaipani, Channel Times, CXO Today, Support Biz, Convergence Plus, Inc42, India Core, IndiaSpark, Insights Success, The Plunge Daily, Newswire Network.IN, Newsvoir, Tech Portal, Tech Story, TechVoize, Business Guru, Storified ME, The Vault Show and Crenovate.

World Startup Expo is an initiative by Cocoon Ventures, a Dubai based venture capital and organised by global business events and consulting firm, Trescon.

-ENDS-

Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh

Business Wire India, December 1, 2016
New Delhi, Delhi, India

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).

The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017.

Speaking on this occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We have over 200MW portfolio with proven track record of operating solar power projects in Andhra Pradesh. With the commencement of the construction of this 100 MW project, we are delighted to make contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to NTPC and the State of Andhra Pradesh, for all the cooperation and support extended.”

Azure has a portfolio of over 1000 MW with an excellent record in setting up and operating solar power plants, be it utility scale or commercial rooftop projects. The company has a vast experience of delivering solar power projects, from the construction of India’s first private utility scale solar PV power plant in 2009 to the implementation of the first MW scale rooftop under the smart city initiative in 2013 to the largest solar plant (100 MW) under India’s National Solar Mission (NSM) policy in Jodhpur, Rajasthan.

About Azure Power

Azure Power (NYSE: AZRE) is a leader in the Indian Solar Industry. Azure Power developed India’s first utility scale solar project in 2009 and has been at the forefront of developments in the sector as a developer, constructor and operator of utility scale and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.

For more information, visit: www.azurepower.com

AHTIC Conclusion: Sri Lanka brims with potential but success depends on political leadership

Colombo, Sri Lanka | November 29, 2016

The first Asia Hotel & Tourism Investment Conference (AHTIC) concluded today in an atmosphere of optimism moderated by caution. Over the past two days several of Asia’s leading hotel investors from 19 countries discussed the investment potential of Sri Lanka and other destinations around the Indian Ocean from Mauritius and the Seychelles to Malaysia and Vietnam.

Data from ForwardKeys demonstrated that Sri Lanka deserved congratulations for achieving 12% growth in visitor arrivals by air during the past year, more than double that achieved by the Asia Pacific region as a whole. Further information from STR revealed that at the same time, the country’s hotels had maintained occupancy levels above 66% and succeeded in lifting average daily rates to nearly 16,000 Sri Lankan Rupees, more than US$100 at today’s rate.

Several serious investors, including a delegation from China, expressed enthusiasm for opportunities in Sri Lanka, citing its tremendous variety of attractions, such as ancient temples, wild elephants and unspoilt beaches, all within close range of each other. Other attractive attributes of the country were seen to be the good-natured ‘smiley’ demeanour of the people, the safe feeling one had walking the streets, even at night, a shortage of high-quality properties outside Colombo, the willingness of the government to invest in core infrastructure such as new roads and a British based legal system.

The Sri Lankan government, keen to attract international finance, announced a series of tourism development zones and the President promised that the next three years, 2017-19, would be investment years with special concessions to overseas investors; although the precise details have yet to be clarified.

Gerald Lawless, Chairman of the World Travel & Tourism Council and former Executive Chairman of Jumeirah Hotels, highlighted some of the factors that make a destination successful, including the outbreak of peace in regions previously suffering from conflict, air connectivity, visa waivers and dedicated promotional initiatives aimed at major origin markets, infrastructure investment, an ethos which encourages genuine collaboration between business and government and a compelling vision of the future.  He cited Sheikh Mohammed, the Ruler of Dubai, as a truly visionary head of state who had transformed that destination into the vibrant tourism economy it is today.

Counterbalancing the enthusiasm, Roman Scott, Chairman of the Calamander Group, which invests in Asian frontier markets and owns hotels and coffee shops in Sri Lanka, warned that proposed tax increases, lifting VAT from 11% to 15% and corporation tax to 28% would risk killing the proverbial goose that lays the golden egg. Several other countries bordering the Indian Ocean also offered an attractive proposition for investment. His view, which was shared by several industry leaders, was that Sri Lanka’s performance as a tourism economy would turn on the government’s ability to brand and promote the destination effectively, to prioritise development of infrastructure that facilitates connectivity and to create a fiscal and regulatory regime that guarantees commercial as well as social and environmental sustainability.

Dr Prabarth Ukwatte, Chairman of the Sri Lanka Tourism Club, which was the Founder sponsor of AHTIC, declared the conference a great success and announced publicly that he had confirmed the venue for the equivalent dates in 2017 and that he was looking forward to working with Jonathan Worsley’s Bench Events’ team to deliver a bigger conference next year.

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and South America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique

life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Sri Lanka’s spectacular visitor growth looks set to stall

Colombo, Sri Lanka | November 29, 2016

Flight booking data shows only modest growth in early 2017

A presentation given by Forward Keys to delegates at the Asian Hotel and Tourism Investment Conference in Sri Lanka today revealed that flight bookings made for travel to Sri Lanka during the coming five months are 1.3% ahead of where they were at the same time last year. The intelligence comes from Forward Keys’ analysis of over 16 million flight booking transactions a day made by travel agents on the world’s major travel distribution systems.

More in-depth analysis shows a choppy pattern. Bookings for December and January are respectively 3.5% and 4.1% ahead but February and March are 9.8% and 21.3% behind. April is 76.9% ahead but this number needs to be viewed with caution because April is 4 months off and booking numbers are consequently relatively low. The likely reason for the substantial variation is that the Easter holiday season falls later in 2017.

image003

Whilst forward bookings overall appear somewhat lacklustre, within them are a couple of particularly encouraging signs. First, forward bookings for Chinese New Year (Jan 27th – Feb 2nd) are 12% ahead.

image004

Second, there appears to be a turnaround in enthusiasm of Russians to visit Sri Lanka, as a trend of falling monthly visitor numbers throughout 2016 is being replaced by a surge of interest. Visitor arrivals for the year to date are 26.4% down on the previous year but future bookings for November and the next five months are 13.1% ahead.

image005

The cautious outlook is in sharp contrast to impressive visitor growth in 2016 when arrivals have grown by 11.8%, which is more than twice the growth of the Asia Pacific region, which grew by 4.9%. Looking at Sri Lanka’s major source markets, India was up 10.3%, the UK up 17.3%, Germany up 13.1%, Saudi Arabia up 8.3% and China up 29.2%. The latter figure is particularly notable when one considers that Chinese visitors to competitor destinations such as Mauritius were down 0.6% and to the Maldives down 17.6%.

image006

Jameson Wong, Forward Keys, Director of Business Development, APAC, said: “Our data shows that Sri Lanka deserves congratulations on a tremendous year for attracting visitors. In a competitive environment, continued effort will be needed to keep up the impressive rate of growth.”

ENDS

About ForwardKeys

Forward Keys predicts future travel patterns by crunching and analysing 16m booking transactions a day. It is used by travel marketers, retailers, hotels, destination marketing organisations (DMOs), financial institutions, car rental companies, tour operators, online travel agents (OTAs), and other traveller-focussed businesses worldwide to monitor and anticipate traveller arrivals and stay ahead of the trends from a particular origin market at a specific time.  The analysis enables them to anticipate the impact of events, better manage their staffing levels, fine tune supply requirements, adjust and measure the effectiveness of their marketing efforts and predict future market trends. Forward Keys’ data is retrieved daily from all the major global reservation systems worldwide.

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

For more information or to arrange an interview, please contact: Sophie Luis +44 (0) 7961 145 787, sophie.luis@tarsh.com or David Tarsh +44 (0) 20 7602 5262, david@tarsh.com.

Sri Lanka tourism set to exceed growth compared to last year

Colombo, Sri Lanka | November 28, 2016

Sri Lanka Hotel Performance

According to Sri Lanka’s Tourism Authority, the country has a target of 2.2 million visitors for 2016, which would be a 26% growth compared with 2015. The Tourism Authority’s statistics show that Sri Lanka has welcomed 1.7 million visitors as of October, a 14.6% increase compared with the same time period last year. India, China and the United Kingdom are the top three source markets for Sri Lanka.

Sri Lanka’s government has recently launched several initiatives to attract international arrivals, and there has also been an increase in the number of direct flights to Sri Lanka from various other countries in the Asia Pacific region, as well as discussions on an open skypolicy to further drive air traffic to the country. There is also a new terminal in development at Colombo’s Bandaranike International Airport, which could increase the airport’s passenger capacity.

Through these efforts to help Sri Lanka’s tourism industry grow, the country’s hotel demand has increased 3.5% based on October 2016 year-to-date data. Supply, however, has also increased (+4.2%), with around 900 new rooms added to the market in the first ten months of the year.

Sri Lanka has reported a slight decline in occupancy (-0.7% to 66.3%), while average daily rate (ADR) rose 15.6% to LKR 15,854.99, resulting in double-digit revenue per available room(RevPAR) growth to LKR 10,512.93, a 14.8% increase.

This growth in ADR was helped by the recent opening of new luxury properties, changing the market’s hotel landscape as more of the rooms available are being sold at higher prices.

In the first ten months of the year, Colombo recorded a double-digit RevPAR growth to LKR12,208.13, a 21.9% increase compared with the same period last year. Colombo’s occupancy rose 13.1% to 71.3% while ADR increased 7.8% to LKR 17,133.82.

As both the capital of and a key destination for Sri Lanka, Colombo has substantially benefitted from the increase in international arrivals as well as a rise in demand for corporate travel and MICE business.

Sri Lanka Daily Performance

Between January and October 2016, Sri Lanka’s daily performance data shows a declining compressed room nights distribution.

Occupancy levels hovered mainly in the 70-80% range, with a decline in the number of nights that saw high compression nights (80% plus). This shift in compression is likely due to the additional supply in the market.

Throughout the compression nights of 80% occupancy and higher, Sri Lanka’s average ADR recorded 8.2% increase compared to the non-compressed nights. As a result, Sri Lanka’s average RevPAR gain increased by LKR 4,026.12. While for the compression nights of 70% -80% occupancy, Sri Lanka’s average ADR increased by 9.3% compared to the non-compressed nights.

Sri Lanka Weekday and Weekend Performance

Throughout the first ten months of the year, Sri Lanka hotels recorded a higher absolute RevPAR level on weekdays than on weekends. Tuesdays, Wednesdays and Thursdays were the strongest days of the week, with an average RevPAR of LKR 10,850.43 during those days. Sri Lanka’s weekday RevPAR performance has increased 15.4% to LKR 10,619.15 in 2016, while weekend RevPAR has increased 13.2% to LKR 10,251.10.

Sri Lanka Performance Comparison

Sri Lanka’s 15.6% increase in ADR for the first ten months of the year puts it ahead of many other countries in Southeast Asia in terms of rate growth, including, India, Thailand,Philippines, Malaysia, Vietnam and Indonesia.

With supply growth slowing to 3.2% for October 2016 year-to-date, India’s hotel demand has increased 6.7% compared with last year. This was largely influenced by a 10.5% increase in international arrivals, helped by the country’s e-Tourist VISA programme that launched in August 2015. As the second largest country in the world by population, alongwith recent economic growth and a rising middle class with increasing disposable income, India’s domestic tourism is expanding.

For October 2016 year-to-date, Thailand’s occupancy rose 4.2% to 76.0%, its highest level since 2010. Meanwhile, ADR increased 1.3% to THB 3524.97, leading to a 5.6% increase in RevPAR to THB 2678.75. The country’s hotel market has recorded growth following the political situation in 2013-2014, as the Tourism Authority of Thailand has launched efforts to attract visitors. Also, an increase in the number of direct flights to Thailand from Russia and the Middle East is expected to further boost arrivals.

As of October, hotels in the Philippines have recorded growth across all key performance indicators this year: occupancy (+1.1% to 68.2%), average daily rate (+1.0% to PHP 5,201.88),and revenue per available room (+2.1% to PHP 3548.80). Demand increased 5.4%, while supply grew 4.3%. As of August 2016, the country’s total arrivals increased by 12.6% (4 million visitors)compared with the first eight months of 2015. South Korea, USA and China are the top threesource markets for the Philippines’ tourism.

So far this year, Malaysia’s performance has been driven by occupancy (+3.7% to 63.8%), while ADR has also increased at a slighter pace (+0.8% to MYR 348.74), resulting in a 4.6%increase in RevPAR to MYR 222.39. As the second most visited nation in the ASEAN (following Thailand) according to the UNWTO, Malaysia’s demand rose 7.1% year-to-date, more than double its rate of supply growth (+3.3%).

After welcoming 8.1 million visitors between January and October 2016 (according to the Vietnam Tourism Authority), Vietnam’s international arrivals increased 125.4% compared with the same time period last year. This was largely due to a major influx of Chinese visitors,accounting for roughly 27.6% of all arrivals. An increase in the number of direct flights between Vietnam and China as well as other ASEAN countries has given this market a huge boost in tourism, contributing to a double-digit growth in RevPAR (+11.4%) for October 2016 year-to-date.

Indonesia’s hotel market is facing significant increases in supply. Since the start of the year,54 new properties have opened, accounting for around 8,500 rooms. Most of these new properties are in the Upper Midscale class, while development in the Luxury and Upper Upscale classes has been more modest. This appears to have impacted Indonesia’s ADR,which dropped 6.5% to IDR 1,017,745.69 for the first ten months of the year. Occupancy, however, increased 2.8% to 60.0%.

Sri Lanka Pipeline Performance

According to STR’s Pipeline Report for October 2016, about 4,200 rooms will be added to Sri Lanka’s hotel market over the next two to three years, with most of the projects located in Colombo.

The Luxury and Upper Upscale segments still dominate the nation’s hotel development, with 2,400 rooms currently in the pipeline.

Hotels Entering the Market:

  • Marriott International has the most projects in the pipeline, with four properties in development under the brands of Sheraton, Marriott, and Ritz-Carlton.
  • After the opening of their first property in Hambantota, Shangri-La Hotels and Resorts is now developing its second property in Colombo.
  • Hyatt Hotel Corporation will join the scene with their flagship property, Grand Hyatt Colombo,expected to open in 2018.
  • Mövenpick Hotels and Resorts will soon join the market with the addition of the Mövenpick Hotel Colombo.
  • Currently in the planning phase is Inter Continental Hotel Group’s Crowne Plaza Colombo Beira Lake.

As the upper end of Sri Lanka’s hotel market continues to grow in supply, ADR is also expected to grow over the next two to three years as more of the rooms available in the market will be sold at higher prices.

About STR

STR is the source for premium global data benchmarking, analytics and marketplace insights. We provide data that is confidential, reliable, accurate and actionable, and our comprehensive reports empower our clients to strategise and compete within their markets.

Founded in 1985, STR’s presence has expanded to 15 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. The cornerstone of our business from the start has been the hotel industry.

Today, we receive data from more than 55,000 hotels across 175 countries. In 2014, we expanded our reach to advance performance across other industries, leveraging our experience as the leader in competitive bench marking and analytics for the hospitality sector. Our vision for the future is to be a trusted advisor, partner and innovator for any global industry that relies on data.

Our products:

  • STAR Benchmarking
  • Hotel Survey
  • Trend Reports
  • Profitability Reports
  • Hotel Census Database
  • Corporate Reports
  • Development Tool Kit
  • Market Forecast
  • F&B STAR
  • STAR Add Ons
  • Pipeline Reports
  • Bandwidth Reports
  • Comp Set Suite
  • Destination Reports
  • Hotel Reviews
  • RPM

For more information, contact:

+65 6800 7850

apsales@strglobal.com

strglobal.com

Internet Retailing Expo Indonesia Gears Up to Connect Indonesia’s Stakeholders

The leading multichannel event in the retail calendar to return to Jakarta in January 2017

Jakarta, 9 November 2016 – The Internet Retailing Expo (IRX) Indonesia, is gearing up to return with a loud bang. The 2nd edition of IRX Indonesia, to be held from 18 to 19 January next year at the Pullman Jakarta Central Park, will once again become the meeting place for marketplaces, multi-channel retailers and online retailers to meet their key suppliers and learn through peer knowledge sharing and best practice implementation case studies.

IRX Indonesia was launched due to the huge potential of the internet retailing market, as it has started to grow significantly within Indonesia in the recent years.

In 2017, IRX Indonesia is expected to attract 2000 visitors to an even more diverse exhibition with plenty of value-packed on-floor sessions and 75 leading solution providers in the areas of digital infrastructure and innovation, digital payments, last mile fulfilment and many others. More than 80 multichannel and ecommerce retailers will be sharing knowledge and experience during the six conferences sessions, workshops and clinics at IRX Indonesia 2017. All these under the themes of Connected Store of the Future, Payments & Security, Insight & Experience, Digital Sales & Marketing, Digital Merchandising, Multichannel Operations & Fulfilment.

“IRX is the leading multichannel event in the retail calendar and takes place every March at the NEC Birmingham, United Kingdom. The UK is the most sophisticated internet retailing market globally. With over 200 exhibitors and 5000 visitors to the show, IRX welcomes retailers and technology providers from across the multichannel landscape,” said Richard Ireland, Managing Director, Asia, Clarion Events Pte Ltd. “Following its great success in 2016, IRX will be running its second show in Jakarta, Indonesia in January 2017 and plans to bring some of the expertise gained from the UK to Indonesia.  Our event plans to help retailers looking to establish, along their journey to grow their online retail strategies.”

Visitors to the event can expect industry tracks featuring a distinguished speaker panel of local and international industry who’s who, including, among others, Roy N. Mandey, Chairman, APRINDO; Ravi Kumar, COO, PT. MAP; Catherine Sutjahyo, CEO, Alfacart.com; Adrian Suherman, CEO, Lippo Digital Group; Aruni Therese Abeyesundere, Chief Marketing Officer, Pizza Hut;; Simon Torring, Regional Head of Merchandising (Digital), Sephora Digital SEA, AnkitPorwal, Business Director, L’Oreal Paris Indonesia; Ashley Amanna, Head of ECommerce, L’Oreal Indonesia; PankajKhushani, Head of Media Technology Solutions – SEA, India & Korea, Google; RizkieMaulana Putra, Head of ECommerce Development, Samsung Electronics Indonesia; TabahYudhananto, Marketing Technologist, Digital Marketing, CRM Senior Manager, Blibli.com; and Cam Walker, CEO Indonesia, iflix.

The conference will feature 6 streams alongside e-Commerce clinics and workshops on the exhibition floor. Special highlights for the event include SME Forum: “Building capabilities in a digital age”; CMO  Forum: “The way marketers engage customers”; CEO Panel Discussion: “Omni Channel retailing: Digital Transformation, Customer First”; E-Commerce University; E-Commerce Clinics; Start-up & Innovation Zone: “Enabling Business value with Digital Transformation”; Indonesia – China Cross-Border Ecommerce Pavilion; and 3D VR Shopping Experience.

IRX Indonesia will feature 50+ exhibitors including 8Commerce, Asian Delker Logistics, ATEX, Cashlez, Detrack, E2Pay, Egentic, ICUBE, Innovecto, Midtrans, MooCommerce, PaketID, Priceza, PT Kam and Kam, PT KiosonKomersial Indonesia, and SAP, and sponsors including BCA, Accenture, Telkom Indonesia, PT Pos Logistics Indonesia, Akamai, Anchanto, Go-Jek, Magento, Manhattan Associates, At Internet,  aCommerce, Alto, FedEx, Gift Card Indonesia, Intramega Global, netCORE, Sprooki, and JNE.

Registration is open for public. For more information on the event, please visit http://www.internetretailingexpo-asia.com/.

###

Notes to Editors:

Contacts

For further information, media registration, images or interviews, please contact:
Stephen Warouw / Account Director / stephen.warouw@fleishman.com / 0811-1571707
Abee Hakiim / Account Manager / abee.hakiim@fleishman.com / 0821- 12342310

About Internet Retailing Expo

IRX Indonesia is the meeting place for marketplaces, multi-channel retailers and online retailers to meet their key suppliers and learn through peer knowledge sharing and best practice implementation case studies.

Euromonitor research confirms Sri Lanka as star attraction for tourism investment

banner-latest

BENCH EVENTS | November 22, 2016

Government praised for making travel sector a priority

An exhaustive and independent report into Sri Lanka’s tourism prospects by one of the world’s leading providers of global business intelligence, has confirmed that the Indian Ocean island currently offers some of the region’s best opportunities for investment.

image009
Vishnu Vardhan, Research Analyst, Euromonitor International

The report by Euromonitor International is not uncritical: infrastructure still needs to be improved; airport capacity is lagging behind demand and telecom connectivity is still a problem.

But the report goes on to say that these issues are being addressed by a Sri Lankan government that has realised the golden opportunity that tourism offers the island as it emerges from years of conflict.

The findings will provide useful background for discussion at the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo in November, organised by Bench Events.

The author of the report, Vishnu Vardhan, research analyst at Euromonitor, said: “The world is slowing down economically. People are looking for economical places to travel, so there’s an interest in inexpensive destinations. Sri Lanka is one of them. Growth in the sector was by 17 per cent in 2014-15 in terms of the number of inbound arrivals. Its lower cost is a main driver of visitor growth.”

Sri Lanka’s concentration on developing the luxury hotel market is highlighted by Euromonitor. Curently there is demand for budget hotels, but the number of travellers from Western Europe and  North America is seeing double-digit growth and they tend to stay in luxury properties.

With arrivals in 2015 of 1.8m, expected to reach 2.6m by 2020, transport is a key issue. Road transport is good, but, the report points out, it will be put under considerable strain as visitor numbers grow, and the railways need urgent improvement to take some of the burden.

Colombo airport is a bottleneck, already operating above capacity, according to the report. It says expansion plans are due to be completed in 2020, more than doubling capacity. And fast road and rail links to the capital are in hand.

Euromonitor says the tax benefits on offer are good for tourism investment, and the Government’s planned tourism zones are a sensible way forward. But infrastructure improvements are a priority, not just in transport, but also in connectivity: electronic payment in some hotels is still lacking.

Vishnu Vardhan said: “This is a problem across many South Asian countries. But it’s also a region that is growing economically so people have higher disposable income, and as people become more affluent, there’s a trend towards more affluent hotel properties. More people will demand to book online.”  The increasing presence in the region of many of the big hotel chains, bears this out.

AHTIC will bring international leaders of the hospitality industry to Sri Lanka. It will be a forum for three days of high-level discussion from across the region – speeches by prominent insiders, a unique chance to hear political leaders’ views first-hand, and opportunities to network with entrepreneurs and other successful individuals, including a delegation of substantial investors from China, ranging from the Presidents of Dosun Hotel Group and Phoenix Global Investment to the Secretary-general of China Real Estate Association Financing Committee.

A demonstration of the growing co-operation between the public and private sectors is the opening AHTIC networking reception in Colombo hosted by the President of Sri Lanka, H.E. Maithripala Sirisena, the conference patron. His prime minister, as well as the tourism minister, will give the opening speeches as the conference gets under way the following day.

AHTIC will take place, November 27 – 29, 2016, at the Hilton Colombo, Sri Lanka.

For the full programme visit: www.asia-conference.com/programme

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts and Dusit International, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and Latin America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Euromonitor International

Euromonitor International is the world’s leading provider of global business intelligence and strategic market analysis. Its global market research database, Passport, provides statistics, analysis, reports and breaking news on industries, countries and consumers. Euromonitor is headquartered in London, with offices in Chicago, Singapore, Shanghai, Vilnius, São Paulo, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore.

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Amāra, Lodha’s Landmark Neighbourhood in Mumbai, Marks a New Milestone in Speed of Construction

Business Wire India | November 21, 2016
Mumbai, Maharashtra, India

Lodha Group, the largest real estate developer in India by sales, inaugurated the first topped out tower and launched four new towers at Amāra, a 40 acre residential neighbourhood, located in Central Thane, along with brand ambassador Akshay Kumar. Since its launch in early 2016, the development has witnessed the fastest construction speed resulting in completion of one of the towers comprising 27-storeys. This utopian neighbourhood in Thane, the newly classified smart city, will commence possessions in 2018.

Akshay Kumar cutting the ribbon at Lodha Amara
Akshay Kumar cutting the ribbon at Lodha Amara

The company has deployed the latest Mivan aluminum shuttering technology that not only saves time and cost but also ensures strength and quality of construction. Mivan technology is widely popular in European and Gulf countries and has started to gain momentum in India as it produces an output, which is durable and reduces time of construction. Lodha Group is one of foremost players in the market making use of this technology to increase the speed of construction and delivery.

Mr. Prateek Bhattacharya – Deputy CEO, Mumbai Suburbs, Lodha Group said “Amāra is a reflection of our Group’s philosophy of ‘Building a Better Life’, which aims to enhance quality of living for our customers. By bringing world’s best technologies and partners, we have not only ensured faster construction but also better lifestyle keeping in mind future needs of a smart city. Since its launch, Amara has acted as a catalyst to create a super normal demand in the Thane micro market and has reinforced trust of both buyers and investors in real estate. This is evident from the robust sales of 2750 homes since the launch of the development.”

Lodha Group also announced launch of 4 new towers at the development and a host of new age, smart amenities such as customized home automation systems – one of the very few developments to offer home automation solutions in affordable luxury segment.

Built on principles of new urbanism within a large natural green cover and a thriving ecosystem, Amāra inspires an active and healthier lifestyle for residents. Designed by Padma Bhushan Hafeez Contractor and award-winning Singapore based landscape design firm Sitetectonix, Amāra comprises smart sized 1, 2 and 3 bedroom residences housed in 27-30 storied elegant towers, and 85% open spaces.

Amara’s amenities for every member of the family:

A multi-purpose sports arena, 5,000 sq. ft. indoor sports arena and multiple swimming pools including a covered ladies pool
6 clubhouses with a main clubhouse of 25,000 sq. ft. and a private theatre
2 acre of private forest with machans and pavilions, walking trails including a boardwalk, canopy walk and woodland trail
Indoor and outdoor party venues and poolside cafes
Tree houses, splash pads, jungle gyms and mini-amphitheaters for children
Outdoor decks for meditation, tai chi, yoga and Pilates along with a Ganesha temple

About Lodha Group

Established in 1980, privately held Lodha Group is India’s leading real estate developer and amongst the world’s select multinational real estate developers with presence in India and the United Kingdom. The company is one of the most profitable players in India and the largest by sales, having clocked over INR 6,400 Cr for FY 15-16. The company is currently developing around 4.1 crore sq. ft. of prime residential real estate globally with the largest land reserves in the Mumbai Metropolitan Region and has 31 ongoing projects across London, Mumbai Metropolitan Region, Pune and Hyderabad. In FY 2015-16, Lodha Group delivered 3.5 crore sq ft of real estate and 6,800 units across projects.

Lodha Group has several landmark developments to its credit including World One, Mumbai, the world’s tallest residential tower, and has brought some of the top global names including Armani/Casa, Trump, Philippe Starck, Jade Jagger, Greg Norman and Pei Cobb Freed to India. In 2013, the Group has extended its international footprint with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in Prime Central London from the Canadian Government for a consideration of over GBP 300 million (INR 3,100 Cr). Lodha Developers is one of the largest corporate entities in Mumbai, with over 3,870 direct associates and over 25,000 workmen at its sites. The group is committed to investing two per cent of its profits towards corporate social responsibility, focused primarily on education as a transformative tool. With offices in London, Dubai and Shanghai and planned openings in the USA and Singapore, Lodha Group is on the road to substantial international presence.

Like and Share brand announcements from LODHA on Facebook.

Look out for career updates and share your opinions on relevant articles at LODHA Group on LinkedIn

Website: LODHAGroup.com

Sri Lanka hotels report sharp rate growth

BENCH EVENTS | November 18, 2016

Ahead of the inaugural Asia Hotel & Tourism Investment Conference (AHTIC), taking place in Columbo at the end of this month, a study by STR reveals that Sri Lanka’s hotel market recorded strong overall performance growth through September 2016, driven by a sharp increase in average daily rate (ADR).

In year-over-year comparisons with the first nine months of 2015, Sri Lanka hotels reported a 15.0% increase in ADR to LKR15,806.02. Meanwhile, occupancy was relatively flat at 66.4%. As a result, revenue per available room (RevPAR) jumped 14.9% to LKR10,495.60.

ahtic-graph-1

As highlighted in Sri Lanka Tourism’s 2016 Strategic Marketing Plan, the country has a target of 2.2 million visitors for the total year, which would be a 26% increase compared with 2015. Tourism statistics show that the country welcomed 1.5 million visitors as of September, a 14.6% increase compared with the same nine months last year.

Boosted by the government’s efforts to increase international arrivals, Sri Lanka’s hotel demand (rooms sold) increased 4.0% as of September. Supply, however, also increased at a rate of 4.0%, and STR expects that supply will continue rising over the next two years with more than 4,300 rooms currently in Sri Lanka’s pipeline.

STR analysts attribute Sri Lanka’s recent boost in ADR to a changing hotel landscape in the market driven by recent openings of new Luxury properties. Additionally, more than 3,600 of the 4,300 rooms in Sri Lanka’s pipeline fall in the Luxury and Upscale categories, which should further lift the country’s ADR as more of the hotel rooms available will be sold at higher prices.

ahtic-graph-2

Jesper Palmqvist, STR’s Area Director Asia Pacific, said: “The market for hotel accommodation in Sri Lanka is decidedly healthy, with double-dight growth in occupancy for the past three years and this year, we have seen an uplift in average daily rates too.” At AHTIC, which takes place, November 27 – 29, 2016, at the Hilton Colombo, Palmqvist will give a detailed presentation on the demand for hotel accommodation across the region.

For the full programme visit: www.asia-conference.com/programme

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England.

As of 1 March 2016, all references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing as those names no longer fits within the updated STR brand.

For more information, please visit www.str.com.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and South America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

UBM India’s ‘India Pharma Week 2016’ Debuts to Commemorate a Decade of the World’s Leading Pharma Event, CPhI & P-MEC

MUMBAI, November 17, 2016/PRNewswire/ —

Marks the Arrival of the Indian Pharmaceuticals Sector at the Global Stage

UBM India, India’sleading exhibition organizer, launched the India Pharma Week, a bouquet of over 10 trend-setting activities across the city of Mumbai, to mark the special 10th anniversary of CPhI & P-MEC India 2016, its flagship event and the world’s leading pharma networking event. With the introduction of the India Pharma Week, the expo transformed itself from a three-day exhibition to a marquee show spanning a week (IPW, 17th-23rd November 2016).

Introduced in 2006, the CPhI & P-MEC India, originating from CPhI Worldwide, has become South Asia’s leading Pharma meeting place covering every step of the supply chain, from drug discovery to finished dosage including machinery and packaging. The show has grown exponentially over the years, with domestic and foreign exhibitors and visitors engaging over significant levels of business.

The inauguration of the India Pharma Week was followed by the Pre-Connect Congress that set the weeklong activities in motion. The launch event served as an opportunity for global players to learn about India’s pharma regulatory requirements, growth and emerging segments for future business. The series of panel discussions included trending topics such as ‘Exploring Conventional and Unconventional Avenues to Enhance Pharmaceutical Export Potential’; ‘Mergers and Acquisition – Driving force for Indian Pharma Sector’; ‘Biosimilars – The next Big Thing; Quality Compliance – A Cultural Pre-Requisite Or External Obligation?’ and ‘Make in India– A Pharma Perspective.’

The Pre-Congress hosted top pharmaceutical leaders such D G Shah, Secretary General, IPA; Sharad Tyagi, Managing Director, Boehringer Ingelheim; Srini Srinivasan, Managing Director , Hospira Healthcare Pvt Ltd – A Pfizer Company; Sanjit Singh Lamba, Managing Director, Eisai Pharmaceuticals; CT. Renganathan, Managing Director, RPG Lifesciences; Krishna Prasad Chigurupati, Founder and Managing Director, Granules India; Vivek Sharma, CEO , Piramal Pharma Solutions & Critical Care; Ashok Bhattacharya, Managing Director, Takeda Pharmaceuticals; G. Munjal, Managing Director & CEO, Ind-swift laboratories; and Satya Karm Punia, Managing Director, Camus Pharma; among others to present their unique insights on the discussions.

Other key upcoming events revolving around the India Pharma Week include The Women in Pharma-Power Breakfast session on November 18 that will address the fact that despite advancements, women still comprise only 15 percent of the total workforce in the Indian pharma industry. The talks will be chaired by women who have broken the glass ceiling in the pharma sector such as Samina Vaziralli, Executive Vice-Chairman, Cipla; Dr Anurita Majumdar, Sr Medical Director & Global Established Pharma Medical Lead, Pfizer; and Dr Rashmi Hegde, Director – Medical, Abbott, among others.

Slated for the evening of November 18 is the India Pharma Awards, an endeavour that recognizes and celebrates the excellence, achievements and innovations of pharma industry stalwarts along with networking opportunities, presentations and glamorous entertainment acts. The Pharma Leaders’ Golf on November 20, on the other hand, will have key pharma leaders teeing off under the winter sun, providing networking and business opportunities.

A strategic gathering of industry thought leaders, the exclusive, closed door CEO Round Table on November 22 will congregate CEOs of leading Pharma companies to deep dive into thought-provoking, solution-driven discussions on key challenges within the industry, which will result in the presentation of a White Paper Report to policy makers. Some of the key thought leaders who will be present at the meet are Sanjiv Navangul, Managing Director, Janssen India, (a pharmaceutical company of Johnson and Johnson; Sudarshan Jain, MD, Abbott Healthcare; Dr BPS Reddy, Chairman & Managing Director, Hetero Drugs; Dr Dinesh Dua, CEO, Nectar Lifesciences; DG Shah, President, IPA; Madan Mohan Reddy, Director, Aurobindo; Kanchana TK, President, OPPI; Prashant Nagre, CEO, Fermenta Biotech; Dr. Ketan R. Patel, Chairman & Managing Director, Troikaa and Dr. Dushyant R Patel, Chairman & Managing Director, Astral SteriTech.

The India Pharma Week seeks to showcase the potent Indian pharmaceuticals market. The industry is the third largest in terms of volume and is expected to grow over 15 per cent per annum by 2020. India is the largest provider of generic drugs globally with Indian generics accounting for 20 per cent of global exports in terms of volume. Presently over 80 per cent of the antiretroviral drugs used globally to combat AIDS are supplied by Indian pharmaceutical firms. India has also maintained its lead over China in pharmaceutical exports with a Y-O-Y growth of 11.44 per cent to US$ 12.91 billion in FY 2015-16, according to the Ministry of Commerce and Industry.

Speaking at the inauguration of the India Pharma Week, Mr. Yogesh Mudras, Managing Director, UBM India said, “The India Pharma Week is a melting pot of ideas and a wholesome knowledge sharing avenue through which our flagship pharma event, the CPhI&P-MEC goes beyond the realm of a wall-bound show to one with considerable intellectual value addition. It provides key stakeholders a chance to interact, align, partner, learn, share as well as identify key opportunities unfolding in the developed as well as emerging markets. With a focus on the pillars of business, knowledge, leadership, innovation, recognition and networking, we at UBM India are honoured to be the catalysts of change in the pharma industry – equally supported by the doyens and innovators from the sector.”

About UBM India

UBM India is India’s leading exhibition organizer that provides the industry with platforms that bring together buyers and sellers from around the world, through a portfolio of exhibitions, content led conferences & seminars. UBM India hosts over 25 large scale exhibitions and 40 conferences across the country every year; thereby enabling trade across multiple industry verticals. A UBM Asia Company, UBM India has offices across Mumbai, New Delhi, Bangalore and Chennai. UBM Asia is owned by UBM plc which is listed on the London Stock Exchange. UBM Asia is the leading exhibition organizer in Asia and the biggest commercial organizer in mainland China, India and Malaysia. For further details, please visit ubmindia.in.

Media Contact:
Mili Lalwani
mili.lalwani@ubm.com
+91-022-61727000
UBM India

SOURCE UBM India Pvt. Ltd.

5th Edition of Pharma Innovation and Technology Summit and IT leadership awards

EXITO | November 16, 2016

Exito Media Concepts Pvt. Ltd. announces the 5th Edition of Pharma Innovation and Technology Summit  and IT leadership awards. The go to event for the technology decision makers from the Pharmaceutical and Lifesciences industry. 

With a CAGR of 14%, Indian Pharmaceutical Industry will reach an annual turnover of US $ 47.06 Billion by 2018. An industry predominantly focused on Generics is soon set to diversify its product portfolio to more than 500 APIs, 60,000 generics, CRAM and clinical services across the globe. The sector sees a continuous support from the government as well, with revised amendments in the patent act of 2002, increased expenditure in the health care sector as claimed by National Health Policy Draft 2015. Also, 100% FDI allowed in medical device industry through automatic route is encouraging the leading Indian Pharma companies to raise funds in order to acquire more entities in domestic as well as international markets. So much So, that the current advancements are towards Japan’s lucrative US $111 Billion market. Though a tough nut to crack, this shouldn’t be impermeable after an established record in the USA and Europe. After all the aim is high – to make this industry realize it’s worth of US $ 55 billion by the year 2020.

So how does this affect your life? Are your organizational goals aligning towards increased production or improved security to safeguard the IP that took long to develop? Are you worried about your competitor who is perhaps exploring Industrie 5.0 while you are still implementing and far from the benefits of Industrie 4.0? Will your business know-how coupled with technology, disrupt the ever changing industry?  Or will the industry continue to be giant only in the Generics market? These are the challenges and questions a business leader from this industry is busy pondering about and staying in silos will not take the industry forward.

Keeping this in mind Exito Media Concepts Pvt. Ltdis back with the 5th Edition of the Pharma Innovation and Technology Summit and IT Leadership awards in alliance with Ernst & Youngas Knowledge Partner.The premium conference that hosts only 80 key decision makers from the leading pharma corporates in India, takes place on 8th December in Mumbai.(www.pharmaitsummit.com)

The event gives the Information and technology heads a chance to network among their peers while gaining latest information, first hand from the industry leaders. The conference will be centered around key topics like Automation and integrating IOT, latest advances in clinical trial management system, laboratory information management system and SMAC (Social, Mobile, Analytics and Cloud). Key speakers include Atanu Roy SVP & CIO Sun Pharmaceutical Industries Ltd, Jitendra Mishra – VP CIO Wanbury Ltd, Gopal Rangaraj – CIO and Head IT Alembic Ltd, Mayur Danait  – CIO Lupin Ltd and Viral Gandhi – Group CIO Piramal Enterprise Ltd. The conference acts as a knowledge sharing platform where attendees get to learn through a series of informative keynotes and presentations and interactive panel discussions We area also hosting an awards ceremony to recognize the best talent in the industry. There are 25 awards to be distributed among the most influential and recognized faces in the Indian IT leadership landscape. The Jury members for the awards include – Ranjit Shahani Vice Chairman and MD Novartis, Suneel Aradhye – Ex Group CIO RPG Group &  ESSAR Steel Business and Co Founder and COO for Ideas to Impact and Dr. Ajit Dangi President &  CEO for Danssen Consulting and Chairman of the board – Fulford India Ltd. Open only for the decision makers the conference will see an attendance of CIOs, CTOs, Head of Security, CEOs and Policy makers from the top companies in the pharma and life science industry.

“We have come a long way from the first edition of this event. Our attendees have repeatedly recommended this conference because of the quality content and business opportunities we provide here. The unique format that gives ample networking opportunities is a hit among the delegates and solution providers alike.” Says Exito’s MD Mr. Rishikesh Shetty. Join us in Mumbai for the year’s last gathering of management suite in the pharma and life sciences sector.

About Exito –  Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our clients. Successfully organizing these B2B events from past 7 years, Exito conducts close to 100 events each year.

For more information, contact
Nitisha Sancheti
Sr. Conference Producer
Exito Media Concepts Pvt. Ltd.
D: +91 78159 53678
E: nitisha@exito-e.com
code

Chinese check-in to AHTIC to check-out tourism opportunities in Sri Lanka

banner-new-asia

BENCH EVENTS | November 15, 2016

Sri Lanka has announced that it will be welcoming a VIP delegation from China, to the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo in November, organised by Bench Events and Sri Lanka Tourism Club. The delegation, comprising leading investors and hoteliers, has been facilitated by the Centre of Asia Hotel Forum.

john-amaratunga

Hon. John Amaratunga
Minister of Tourism Development and Christian Religious Affairs, Minister of Lands

Among the influential executives who will meet the Sri Lankan president and prime minister, will be  Mr. Haibo Bai,  Chairman and President of HNA Hotel Groups, part  of HNA Group, the Chinese aviation and shipping giant which recently acquired 25% of Hilton for $6.5bn.

The delegation’s attendance is a coup for the conference and for Sri Lanka, which has plans in place to develop its tourism sector rapidly. During their seven-day stay the Chinese executives will explore investment opportunities, as guests of the government.

Among the other Chinese VIPs will be:

  • Ms. Yun Cai, Secretary-general of China Real Estate Association Commercial & Tourism Estate Committee
  • Mr. Henry Chen, Founder & President of Asia Hotel Forum/Phoenix Global Investment www.phoenixinvest.ca/
  • Mr. David Cho, Director of INSIGHT asset management and investment group Ltd www.insightinvestment.com/
  • Ms. Milin Kritsutthikun, Director of Business Development, Forise Land Real Estate www.foriseland.com
  • Mr. Shudong Li, General Manager – Development of Join. In Hospitality Management Co. Ltd. www.tlhotelsgroup.com/location-en.html
  • Mr. Qifeng Ning, Senior Vice President of Wanda Commercial Properties (Group) www.wandaplazas.com/en
  • Mr. Zhenyu Shen, GM of COFCO Investment Department (owner of  www.cofco.com/en/index.html)
  • Mr. Adam Xia, Business Development Center GM of Powerlong Real Estate Holdings Limited www.powerlong.com/view/index.action
  • Mr. Xiaojian Xiao, Secretary-general of China Real Estate Association Financing Committee
  • Mr. Dongjian Xu, Founder & President of Hanvon Technology www.hanvon.com
  • Mr. Hansen Zhao, President of Dossen International, Dossen Hotel Group www.dossen.com

High on their itinerary as they tour the island will be plans to attract tourists back to the ‘Pearl of the Indian Ocean’ with the launch of themed tourism development zones. The public-private sector initiative is backed by the Ministry of Lands, the Ministry of Tourism and the Sri Lanka Tourism Club, a government-recognised group of industry leaders responsible for arranging the Chinese investor visit.

At least five and up to eight “Themed International Tourism and Family Entertainment Zones” are being designated in state-owned land, selected for their outstanding natural beauty. They include beaches, mountain and forest regions, extending over more than 4,000 acres. The Chinese business leaders will hear the full plans unveiled at AHTIC.

Dr Prabath C. Ukwatte Chairman, Sri Lanka Tourism Club
Dr Prabath C. Ukwatte Chairman, Sri Lanka Tourism Club

Sri Lanka Tourism Club Chairman, Dr Prabath C. Ukwatte, a founding sponsor and co-organiser of AHTIC, said: “We will be working with government ministries to deliver themed international tourism and family entertainment zones, and to open them up for foreign investment. The conference will be an ideal opportunity to explain what we will be doing and to attract international finance. The new relationship with Chinese investors and Henry Chen, the Founder of Asia Hotel Forum and pioneer Chinese investment introducer, is historical and it establishes AHTIC as an economic bridge between China and SriLanka”.

Henry Chen replied: “Agreed!  I’m delighted to be bringing this delegation. The opportunity is so self-evident, I can’t imagine any serious Chinese hospitality investor not wanting to take a good look at Sri Lanka.”

Tourism minister, Mr John Amaratunga, added:  “We are giving the Tourism Club’s plans our full backing. More zones for development will be announced in the future. We are accelerating and widening the scope for investors by actively making reforms to reduce bureaucracy. We want to speed up decision-making.” He said there would be new concessions and investment opportunities announced at AHTIC.

Mr Amaratunga says Sri Lanka wants to generate up to five million tourists by 2020 and increase tourism revenue to 10 billion dollars. That includes doubling the current number of rooms available and creating direct employment for 300,000.

As well as the Chinese delegation, AHTIC will bring international leaders of the hospitality industry to Sri Lanka. It will be a forum for three days of high-level discussion from across the region – speeches by prominent insiders, a unique chance to hear political leaders’ views first-hand, and opportunities to network with entrepreneurs and other successful individuals.

A demonstration of the growing co-operation between the public and private sectors is the opening AHTIC networking reception in Colombo hosted by the President of Sri Lanka, Maithripala Sirisena, the conference patron. His Prime Minister, as well as the Tourism Minister, will give the opening speeches as the conference gets under way the following day.

AHTIC will take place, November 27 – 29, 2016, at the Hilton Colombo, Sri Lanka.

For the full programme visit: www.asia-conference.com/programme

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts and Dusit International, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka. 

About Bench Events

Global event-organiser, Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and South America. Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit and the Latin American Hotel & Tourism Investment Conferences (SAHIC). Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa. Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide. www.benchevents.com.

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Asia Hotel Forum

AHF® is a top integrated hotel service provider in China. The Centre of AHF® holds the International Hotel Investment Summit annually in Beijing or Shanghai alternatively. As the sub-forum of AHF®, the International Hotel Investment Summit aims at building valuable communication platform via releasing professional data and discussing latest topics.

AHF® focuses on contributing the best platform for hotels which invites hotel investors, design institutes, suppliers, and professors to analyses typical cases, communicate fresh information, discuss investment opportunities, and display panoramic industrial value. AHF® has attracted more than 10,000 elites since it was founded.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

iB Group Announces its PAN India Startup Hub – iB Hubs, to Provide end-to-end Assistance to Startups, in Presence of Shri Amitabh Kant, CEO, NITI Aayog – in Delhi

NEW DELHI, November 15, 2016/PRNewswire/ —

iB Hubs, a PAN India network of startup hubs was announced on 13th November, 2016 with Shri. Amitabh Kant, CEO of NITI Aayog as Chief Guest at The Taj Mahal Hotel, New Delhi. The event was attended by other dignitaries like Dr. H Purushotham, Chairman & Managing Director – NRDC; Dr. K Ganapathy, Director – Apollo Tele Health Services; Mr. Juergen Hase, CEO IoT Business – Reliance Group; Dr. Vijay Mishra, CTO – IISc CeNSE; eminent academicians like Mr. Rupesh Chaturvedi, Head of R&D – JNU; Mr. Bhaskar Bhowmick, Assistant Professor IIT Kharagpur and many others.

Shri Amitabh Kant - CEO NITI Aayog, Shri Vijaya Kumar Sama - Chief Promoter iB Hubs, Ms. Radha Alekhya K - CEO iB Hubs along with the team during the iB Hubs Official Announcement Event in New Delhi (PRNewsFoto/iBuild Innovations India Pvt Ltd)
Shri Amitabh Kant – CEO NITI Aayog, Shri Vijaya Kumar Sama – Chief Promoter iB Hubs, Ms. Radha Alekhya K – CEO iB Hubs along with the team during the iB Hubs Official Announcement Event in New Delhi (PRNewsFoto/iBuild Innovations India Pvt Ltd)
MoU signed between iB Hubs and NRDC. The MoU is aimed at developing a network of startup hubs across the country. As part of the pact, iB Hubs will take up product innovations at NRDC, find market, apart from generating business and employment through startup hubs. (PRNewsFoto/iBuild Innovations India Pvt Ltd)
MoU signed between iB Hubs and NRDC. The MoU is aimed at developing a network of startup hubs across the country. As part of the pact, iB Hubs will take up product innovations at NRDC, find market, apart from generating business and employment through startup hubs. (PRNewsFoto/iBuild Innovations India Pvt Ltd)

 

In his keynote, Mr. Amitabh Kant expressed his delight and said, “India needs to innovate in order to solve its own problems and thereby create solutions not only for itself but also for the rest of Asia and Africa. iB Hubs is one of the most unique and greatest things that can happen in India. I really think iB Hubs is going to be one of the most remarkable success stories in our country.”

In the event, iB Hubs also inked an MoU with NRDC. iB Hubs will be taking product innovations at NRDC to people thereby generating business and employment.

Addressing the guests, Mr. S. Vijay Kumar, Chief Promoter and Mentor, iB Hubs said, “I would like to see all the youngsters of the country involved in one or the other productive and constructive activities and thereby empower the nation.”

Radha Alekhya K, CEO, iB Hubs in her address said, “iB Hubs is building a collaborative platform where different stakeholders of the ecosystem – governments, industry, academia, research organisations etc. – work together with synergy to nurture innovation & entrepreneurship throughout India.”

The operations in 5 cities – Delhi NCR, Mumbai, Hyderabad, Bengaluru and Kolkata will kick-start, boosting entrepreneurship and innovation across India. iB Hubs envisions 500 centers across India by 2019 with a special focus on Tier 2 and Tier 3 cities & towns. Additionally, it’s set to launch 5 global centers, each in US, UK, UAE, Singapore and Australia, to provide a global platform to promising Indian entrepreneurs. With a team of 150+ full-time professionals from premier institutions like IITs, IIMs, NITs, BITS Pilani etc., iB Hubs aims at providing end-to-end assistance in the form of working space, team support, funding, technical support, business development, market development, legal consultation etc.

Earlier this week, iB Hubs, has entered into an MoU with the Government of Uttar Pradesh to open up 60 centers across UP, with State Center Hub at Lucknow. iB Hubs is going to work together with organizations like IIM Calcutta – Innovation Park, IIT Kharagpur, NALSAR University, CCMB, IISc – CeNSE, NIT Agartala etc.

iB Hubs will be exchanging an MoU with NIT Agartala on 16th November 2016 at Rastrapati Bhavan in the presence of President of India, Shri Pranab Mukherjee, during VISITOR’S CONFERENCE 2016.

iB Hubs also has a special focus in promoting NGOs and purpose-driven social enterprises, making it a truly inclusive startup ecosystem enabler in India.

Website: www.ibhubs.co
Facebook: www.facebook.com/ibhubs
Twitter: www.twitter.com/ibhubs

Media Contact:
Varun Reddy
varun@ibhubs.co
+(91) 8897489790
VP Corporate Relations, iB Hubs

SOURCE iBuild Innovations India Pvt Ltd

HCL Infosystems Achieves Cisco Gold Certification in India

DELHI, November 14, 2016 /PRNewswire/ —

HCL Infosystems announced today that it has achieved Cisco®Gold Certification. To earn the Gold Certification, HCL Infosystems had to meet rigorous standards set forth by Cisco in networking competency, service, support and customer satisfaction.

Bimal Das, Joint President – Enterprise Products Distribution Business, HCL Infosystems Ltd. said, “We are pleased to announce our re-certification by Cisco as ‘Gold Certified Partner’, a status that we have maintained since 2008. This is a testimony of our efforts to be recognized as the first and most trusted choice for Principals, as we strengthen our Enterprise presence through an extensive pan-India network of deeply specialized enterprise distribution partners. We are confident that leveraging Cisco’s expertise will strengthen our endeavour of becoming the Technology Lifecycle Partner for Enterprises.”

The Cisco® Channel Partner Program provides a framework for partners to build the sales, technical and Cisco Lifecycle Services skills required to deliver Cisco solutions to end customers. Through the program’s specializations and certifications, Cisco recognizes a partner’s expertise in deploying solutions based on Cisco advanced technologies and services. Using a third-party audit process, the program validates a partner’s technology skills, business practices, customer satisfaction, presales and post-sales support capabilities, and other critical factors that customers consider when choosing a trusted partner.

As a Cisco Gold Certified Partner, HCL Infosystems has met the requirements for attaining the broadest range of expertise across multiple technologies by achieving Cisco advanced specializations in the four following areas – Enterprise networks architecture, Security architecture, Collaboration architecture and Data center architecture. In addition, HCL Infosystems has integrated Cisco Hybrid IT, the resale of cloud and managed services, into its offerings and is required to ensure high customer satisfaction in collaboration with Cisco. Cisco Gold Certification provides HCL Infosystems with access to comprehensive sales, technical, and lifecycle services training and support available from Cisco.

About HCL Infosystems

HCL Infosystems is one of India’s premier IT services, distribution and digital solutions company, enabling organizations attain and sustain competitive advantage by leveraging information and communication technologies. It offers a comprehensive portfolio of capabilities spanning IT & system integration services, digitally-enabled learning and career development solutions to value-added distribution of technology, mobility and consumer products.

For more information, please visit us at http://www.hclinfosystems.in
Follow HCL Infosystems on Twitter at @HCLScribes

About HCL

Founded in 1976 as one of India’s original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Today, the HCL enterprise has a presence across varied sectors that include technology, healthcare and talent management solutions and comprises four companies – HCL Infosystems, HCL Technologies, HCL Healthcare and HCL TalentCare. The enterprise generates annual revenues of over US$ 7 billion with more than 110,000 employees from 100 nationalities operating across 31 countries, including over 500 points of presence in India.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected.
For ongoing news, please go to http://thenetwork.cisco.com

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Media Contact:
Reema Bardhan
reema.bardhan@hcl.com
+91-9891267470
HCL Infosystems

SOURCE HCL Infosystems

7th Edition CFO Leadership Summit to be held in Delhi on 16 December 2016

EXITO | November 11, 2016

It has become imperative to innovate for today’s CFO. However, the main focus of majority of CFOs is to prepare the systems long before they go for innovation. Regulatory compliance and streamlining of internal controls would be the key priorities for the CFOs in the near term. At a bigger scale the industry instills confidence and optimism for a long term outlook. Fiscal discipline, ongoing economic reforms and a robust monetary policy has helped towards this positive outlook. How does this scale up with you? Are you on the same page as the rest of your peers or do you feel streamlining of internal controls could be postponed till the next quarter? Is GST a real game changer in the tax reforms or you believe there is a way out? Are you responsible for number crunching alone or you feel your role could transform your business too? How will your life be affected with BREXIT or Indian Demonetization? These are the few topics that needs immediate attention and will have it, at the 7th edition of the CFO leadership summit.

565a8a0bd953e38b90ab58a05a242e7253b77d529e9df80948pimgpsh_fullsize_distrWe will host close to 100 CFOs representing the leading India Inc. giving them an opportunity to learn from the industry leaders while networking with their peers. CFOs who represent diverse industries to bring in diverse point of views and prowess in the financial domain. The one-day conference will be centered around hot topics like – GST – a game changer tax reform, Brexit’s impact on the flow of investment, New era CFO, CFOs and emerging roles. Key Speakers include Bimal Jain – GST expert, Lalit Malik – CFO of Dabur India Ltd, Nalin Jain – CFO Volvo Auto India, Yogesh Mathur Group president and CFO – Moser Baer, Chetan Mathur, Senior Director and controller Pepsico India Holdings, Dr.  SP Sharma Chief economist – PHD chambers of commerce and industry. Open for the decision makers, the event will see attendance of CFOs, Group CFOs, Head of Finance, Finance directors and CEOs.

“We have come a long way from the first edition of this event. Our attendees have repeatedly recommended this conference because of the quality content and business opportunities we provide here. The unique format that gives ample networking opportunities is a hit among the delegates and solution providers alike.” Says Exito’s MD Mr. Rishikesh Shetty. Join us in New Delhi for the year’s last gathering of finance controllers from across industries.

About Exito –  Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our clients. Successfully organizing these B2B events from past 7 years, Exito conducts close to 100 events each year.

Debasmita
Conference Producer
Exito Media Concepts Pvt. Ltd.

Sri Lanka tourism minister highlights red-tape as major challenge

banner-img

“Financial and administrative regulations, must be changed to suit current requirements”

BENCH EVENTS | November 7, 2016

Sri Lanka’s ambitious plans to develop its tourism sector are being held up by too much bureaucracy, according to the island’s Minister for Tourism, Mr John Amaratunga.

Speaking ahead of the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo, he said: “One of the biggest challenges is the bureaucracy. We do not have the agility of the private sector to take decisions quickly and implement them.”

john-amaratunga

John Amaratunga, Minister of Tourism Development and Christian Religious Affairs

Promising speedy reforms, he added there would be new concessions and investment opportunities announced at AHTIC

He said the island’s winter-season marketing campaign illustrated the challenges: it was agreed six months ago, but had yet to get off the ground, and the winter season was now imminent.

In a clear sign that he intends to push for change within government, he added: “While I acknowledge the need for financial and administrative regulations, they must be changed to suit current requirements. Today, time is of the essence and timing is everything.” The minister is setting up a cabinet sub-committee to speed-up project approvals.

The assurance will be welcomed by investors and businesses attending AHTIC in November which offers three days of expert opinion; speeches by leading insiders; a unique chance to hear political leaders’ views first-hand, and opportunities to network with successful entrepreneurs.

In a wide-ranging,pre-conference interview, Mr Amaratunga made a series of commitments that international investors will find attractive:Tourism development zones on state-owned land would be opened up for ownership and lease; infrastructure projects like new expressways and regional airports are planned, and he said the island’s integrity would be preserved by avoiding over-development. “Our aim is high-end tourism”, he said.

Mr Amaratunga said Sri Lanka wants to generate up to five million tourists by 2020 and increase tourism revenue to 10 billion dollars. That includes doubling the current number of rooms available and creating direct employment for 300,000.

He said: “Challenges to achieving these goals are communications based. We need to get the message out to the world that Sri Lanka is no longer at war and is one of the safest destinations on the planet…hospitality is ingrained in Sri Lanka’s genes”. He believes the island could fill the tourism void created by turmoil in the Middle East and terrorism in Europe. There is also room for further growth in Sri Lanka’s main regional source markets: India and China.

With the right reforms, he says, the tourism sector could grow by an average annual rate of 15 to 20 per cent over the next four to five years.  By 2020 it is predicted to be the island’s top foreign exchange earner.

And in a message to investors, he made this promise: “Sri Lanka has given all possible investment concessions to the tourism and hospitality sectors. That is why we now have many of the leading international brands coming in to Sri Lanka with multi-million dollar investments.”

“As a government we are always open to negotiation and willing to accommodate investors whose requirements are in harmony with that of the government.”

Proof of the growing co-operation between the public and private sectors is the opening AHTIC networking reception in Colombo hosted by the President of Sri Lanka, Maithripala Sirisena, the conference patron.His prime minister, as well as the tourism minister, will give the opening speechesas the conference gets under way the following day.

Sri Lankan ministers, including the finance minister, as well as government officials will provide the latest thinking on official policy on infrastructure and creating an investment-friendly environment.

The Asia Hotel and Tourism Investment Conference will take place, November 27 – 29, 2016, at the Hilton Colombo, Sri Lanka.

For the full programme visit:www.asia-conference.com/programme

ENDS

ABOUT AHTIC
Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka and Sri Lanka Tourism Development Authority, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor:Dusit International, Official Airline Partner: SriLankan Airlines

ABOUT BENCH EVENTS

Bench Events has a long track record of delivering the leading hotel investment events across Europe, the Middle East and Africa. Jonathan Worsley, Chairman of Bench Events is one of the founders of the highly successful International Hotel Investment Forum in Berlin, now in its twentieth year. In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai and in 2008 the Russia & CIS Hotel Investment Conference followed by Central Asia and Turkey Investment Hotel Conference. In 2011, with industry backing, Bench Events opened the Africa Hotel Investment Forum which has been held in Casablanca, Nairobi, Addis Ababa and this year to be held in both Lomé, Togo and Kigali, Rwanda. Bench Events addressed a gap in the market in 2014 with the successful launch of the Global Restaurant Investment Forum in Dubai followed by the 2015 edition of the Mediterranean Resort & Hotel Real Estate Forum in Madrid. More recently it has moved into the aviation development space with the launch of the AviaDev Conference. It also partners with the British Hospitality Association on the annual British Hospitality & Tourism Summit held in London. Bench Events has recently announced a joint venture partnership with Arturo Rosa on the South American Hotel Investment Conference (SAHIC) for Latin America.

Bench Events is an industry platform for growth, networking and thought leadership around the globe.  www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Nasscom 10,000 startups supports Asia’s largest startup expo

World Startup Expo has partnered with leading global industry associations, incubators, and a great line-up of speakers from all over the world making it a truly world event

7 November 2016, Bengaluru: World Startup Expo is proud to announce the support of the leading industry association, Nasscom’s startup-based initiative – 10,000 startups program, for its upcoming event in Bengaluru. The event is taking place on 21 – 23 November 2016 at the Bangalore International Exhibition Centre (BIEC).

World Startup Expo (WSE) is a unique three-day platform for startups, leading technology providers, investors, thought leaders, policy makers and influencers from across the globe.

‘10,000 startups’ is an initiative by Nasscom which is aimed at incubating, funding and supporting 10,000 technology start-ups in India over the next ten years.

31f5168e-bcd5-47bf-9e3c-7277808d027f

Nebu K. Abraham
Chief Executive Officer
Cocoon Ventures

954a44ff-7f35-456d-8b4a-0599c4faee95

Mohammed Saleem
Chief Executive Officer
Trescon

WSE is an initiative conceptualised by Dubai based venture capital firm, Cocoon Ventures, and is organised by global business events and consulting firm, Trescon. The event will witness a two-day power-packed conference on startup ecosystem in India, a pitch competition for startups by 100 Open startups, a pitch competition by Startup World Cup, a hackathon competition and a startup awards ceremony; all coinciding with the main expo.

WSE is the brainchild of Cocoon Ventures, who plan to bring a global network of investors to India; thus aligning their mission with the government’s vision of making India a global manufacturing and investment hub. Elaborating about the concept, Co-Founder & Chief Executive Officer, Nebu K. Abraham said, “We aim to be the ideal business launch-pad for entrepreneurs by empowering dynamic entrepreneurship, seeding and nurturing long term business relations and contributing to the betterment of the economy – we believe that this support by Nasscom 10,000 startups will help us further strengthen our commitment towards the same.”

Mohammed Saleem, Chief Executive Officer, Trescon, said, “WSE is designed, keeping in mind the Government’s vision of transitioning India from a nation of job seekers to employment generators. Our endeavour is to help create a robust startup ecosystem in the country as envisaged by the Government and we are proud to receive the support of ‘Nasscom 10,000 startups’ as we share a similar vision for this country.”

WSE is supported and partnered by more than 100 entities of global and domestic repute ranging from angel investors, venture capitalists, accelerators, trade associations, incubators and media – who are part of the endeavour reflecting the Government’s campaign to transform India as a ‘Startup Hub’.

Visit worldstartupexpo.com for more details related to the event.

COCOON VENTURES
Cocoon Ventures is a venture capital firm that specialises in providing growth funding for startups and determined entrepreneurs with novel ideas. They firmly believe that great ideas can change lives and therefore; creating opportunities and being a launch-pad for individuals or startups has always been at the heart of Cocoon Ventures. All of cocoon ventures operations have been directed towards creating a prolific environment with adequate funding, strategic networking and insightful guidance to help startups be world class iconic companies.
cocoonventure.com

TRESCON
Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base. It is founded and managed by a group of specialists with more than six decades of combined expertise in successfully developing business events, trainings and consulting for corporates, governments, associations and high-net-worth individuals across the world. Trescon’s main business platforms are C-suite events, B2B bespoke events, Training and development, Intelligent demand generation, Expos, and business setup consultancy.
tresconglobal.com

For further information, please contact:

Madhukar Dudda
Head of Marketing
Trescon
wse@tresconglobal.com

eec8c3a5-55e2-46e2-829f-82c9033647b8

Global Solar PV Balance of System Market Covering Key Solar PV Projects and Developments to 2020

PUNE, India, November 7, 2016 /PRNewswire/ —

RnRMarketResearch.com adds “Solar PV Balance of System, Update 2016 – Global Market Size, Technology Review, Cost Analysis, and Key Country Analysis to 2020” to its store providing in-depth analysis of the global solar PV BOS market. The report also provides solar PV BOS market analysis of key countries including the US, Canada, China, Japan, India, Australia, Germany, UK, Italy and South Africa. The research provides historical and forecast data to 2020 for installed capacity, overall BOS cost and BOS market size. The report analyzes the historical and forecast costs and market sizes of BOS components, and provides detailed information on the major trends in the BOS market along with the inverter market share in each of the key countries. The report also provides a regional overview of historical and forecast installed capacity and market sizes of overall BOS.

Companies discussed in this research include SMA Solar Technology AG, Sungrow Power Supply Co., Ltd., Huawei Technologies Co., Ltd., TMEIC Corporation, ABB Ltd., Emerson Network Power, Inc., TBEA SunOasis Co., Ltd, Tabuchi Electric Co., Ltd. and Enphase Energy, Inc. Complete report on Solar PV Balance of System Market with 102 market data tables and 75 figures, spread across 200 pages is available at http://www.rnrmarketresearch.com/solar-pv-balance-of-system-update-2016-global-market-size-technology-review-cost-analysis-and-key-country-analysis-to-2020-market-report.html .

Scope

The report analyses Solar PV Balance of System market. Its scope includes –

  • The report gives an introduction to solar PV modules and the BOS.
  • The report discusses the installed capacity of solar PV plants globally, regionally and separately for each of the key countries.
  • The report provides the historical and forecasted market size of solar BOS globally, regionally and in each of the key countries considered.
  • The report also discusses the cost and market size of major components that are part of the BOS and also provides the market share of inverters that form the key component of BOS.
  • The report summarizes the major trends in the global BOS market, in each region and the key solar PV countries.
  • The report also discusses the major drivers and restraints to the growth of the solar PV market globally.

Order a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=647115 .

As the solar PV market gained momentum, the optimization in component manufacturing industries led to large-scale manufacturing and reduced costs, including labor and service costs. Although labor rates have been increasing in several countries, with more optimization and standardization of installation procedures, the number of labor hours has been decreasing, influencing the overall BOS cost.

Another newly published market research report titled on Solar Photovoltaic (PV) Market, Update 2016 – Global Market Size, Market Share, Average Price, Regulations and Key Country Analysis to 2025 provides a clear overview of and detailed insight into the global solar PV market. It explains the key drivers and challenges affecting the market and also provides data regarding historic and forecast market size, globally, at regional level, and in all the key solar PV market countries: China, India, japan, US, Canada, Chile, Germany, UK, France, and South Africa. Each country section also discusses additional aspects of the market such as the supply chain of solar PV modules, average price of modules, market size and the levelized cost of energy generated from solar PV plants. Global Solar Photovoltaic (PV) Market 2025 research report of 384 pages is available at http://www.rnrmarketresearch.com/solar-photovoltaic-pv-market-update-2016-global-market-size-market-share-average-price-regulations-and-key-country-analysis-to-2025-market-report.html .

More reports on Solar Photovoltaic (PV).

About Us:

RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. We provide 24/7 online and offline support to our customers.

Contact:
Ritesh Tiwari
2nd floor, Metropole,
Next to Inox theatre, Bund garden road,
Pune-411001
Maharashtra, India.
+ 1 888 391 5441
sales@rnrmarketresearch.com

SOURCE RnR Market Research

Digitization and Disruptive Technologies Spurring Banks to Invest in New Business Models

BANGALORE and PARIS, November 2, 2016 /PRNewswire/ —

Infosys Finacle-Efma Research Shows 78 Percent of Banks Becoming More Customer Centric Through Reimagining Banking Practices

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Efma, a global not-for-profit organization today launched the eighth annual study of ‘Innovation in retail banking’. The research revealed that 77 percent of banks regard the threat from technology companies, start-ups, retailers and/or telecom players as high or very high. Over half now consider the threat from technology companies and start-up challenger banks as significant.

However, the research, in which 158 banks from 56 countries participated, showed that banks have largely embraced digitization and are aggressively adopting new technologies in order to innovate. The proportion of banks with an innovation strategy has increased to 74 percent in 2016, from only 37 percent in 2009. In addition, banks are now more likely to collaborate with start-ups in order to stay competitive, with nearly three quarters (73 percent) seeing them as the best way to leverage new technologies.

Key findings:

  • The vast majority (86 percent) of banks believe that emerging competitors will have a significant impact in the payments area
  • Additionally, 73 percent of banks consider working with innovative start-ups as the best approach to access disruptive technologies. Meanwhile 41 percent are collaborating with start-ups as suppliers, 32 percent are making direct investments into start-ups, and 27 percent are running accelerators and incubators
  • For half of the banks surveyed, legacy technology environments are the biggest barrier to digital transformation, followed by a lack of unified vision (44 percent) and a lack of skills and expertise (38 percent)
  • Three quarters (74 percent) of banks now have an innovation strategy in place and more than two-thirds (69 percent) believe they are becoming more innovative; but the proportion of banks increasing innovation investment has fallen to 78 percent from 84 percent last year
  • The most disruptive new technology for banks is advanced analytics and big data, with 79 percent of banks claiming it is having a significant impact now or will have within in the next two years. This is followed by mobility and wearables (75 percent) and open APIs (69 percent)
  • A fifth of banks are launching or considering launching a digital only bank as a strategy for dealing with digital transformation
  • Open API Technology is seen as a major development that will have a high impact on the industry over the next two years, especially with local compliance forcing banks to open their payment systems

Quotes:

Vincent Bastid, CEO, Efma:

“This year’s global banking study shows that banks have resolutely turned to start-ups to drive their own digital transformations. However, banks are being held back by old legacy systems and are still divided on where and how much to invest. Banks should think globally and embrace new ways of doing business.”

Sanat Rao, Global Head of Infosys Finacle, EdgeVerve:

“Changing customer preferences, rapid evolution of technology and pressures from outside of the traditional banking world are accelerating a major transformation of the banking industry. The confluence of these forces is putting digitization at the center of technology renewal, enabling multi-channel touch-points for superior customer service. From the research findings and customer interactions, it will likely be the development of open API’s, AI and blockchain that shall cause the next big change in banking.”

Additional Resources:

About Efma

A global non-profit organisation, established in 1971 by banks and insurance companies, Efma facilitates networking between decision-makers. It provides quality insights to help banks and insurance companies make the right decisions to foster innovation and drive their transformation. Over 3,300 brands in 130 countries are Efma members.

Headquarters in Paris. Offices in London, Brussels, Barcelona, Stockholm, Bratislava, Dubai, Mumbai and Singapore. Learn more http://www.efma.com

About EdgeVerve Systems Ltd

EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.

Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, part of the product company EdgeVerve Systems, a subsidiary of Infosys, is a universal banking solution, and the choice of financial institutions across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population. Over a billion bank accounts are powered by Finacle globally.

To know more, visit http://www.edgeverve.com

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2016. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is November 2, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

SOURCE Infosys Finacle

Sri Lanka Announces Plans for Tourism Development Zones

banner-img

Five-year plan provides major investment opportunity

Bench Events | November 1, 2016

Sri Lanka today announced plans to attract tourists back to the ‘Pearl of the Indian Ocean’ with the launch of themed tourism development zones, a public-private sector initiative backed by the Ministry of Lands, the Ministry of Tourism and the Sri Lanka Tourism Club, a government-recognised group of industry leaders.

At least five and up to eight “Themed International Tourism and Family Entertainment Zones” are being designated in state-owned land, selected for their outstanding natural beauty. They include beaches, mountain and forest regions, extending over more than 1500 acres.

The full plans will be unveiled at the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo in November, organised by Bench Events.

Sri Lanka Tourism Club Chairman, Dr Prabath C. Ukwatte, a founding sponsor and co-organiser of AHTIC, said: “We will be working with government ministries to deliver themed international tourism and family entertainment zones, and to open them up for foreign investment. The conference will be an ideal opportunity to explain what we will be doing and to attract international finance.”

One of the attractions of the project for investors is that the ownership of the land is transparent – not always the case in Sri Lanka. The developments will include luxury tourism, eco-tourism, wellness and yoga, as well as adventure and family activities.

They take in some of Sri Lanka’s finest scenery – mountain tops, dramatic beaches, waterfalls and forest views. The Sri Lanka Tourism Club will develop the infrastructure – access roads, electricity, water and sewerage – but the major financial input will come from outside investors.

Tourism minister, Mr John Amaratunga, said: “Sri Lanka’s tourism industry is very much private-sector driven. The government role is restricted to that of regulator, monitor and facilitator.

“I have formed an advisory committee of leaders of the travel, tourism and hospitality industries whose input is sought on a regular basis on all matters of national interest in the tourism sector. They are the driving force that guides the industry.

“We are giving the Tourism Club’s plans our full backing. More zones for development will be announced in the future. We are accelerating and widening the scope for investors by actively making reforms to reduce bureaucracy. We want to speed up decision making.” He said there would be new concessions and investment opportunities announced at AHTIC.

The first zone in a five-year plan – Lanka Patuna – is already under initial construction – over 450 acres of beautiful beach land. It will have capacity for 25 – 30 luxury hotels.

Mr Amaratunga says Sri Lanka wants to generate up to five million tourists by 2020 and increase tourism revenue to 10 billion dollars. That includes doubling the current number of rooms available and creating direct employment for 300,000.

AHTIC will bring international leaders of the hospitality industry to Sri Lanka. It will be a forum for three days of high-level discussion from across the region – speeches by prominent insiders, a unique chance to hear political leaders’ views first-hand, and opportunities to network with entrepreneurs and other successful individuals.

A demonstration of the growing co-operation between the public and private sectors is the opening AHTIC networking reception in Colombo hosted by the President of Sri Lanka, Maithripala Sirisena, the conference patron. His prime minister, as well as the tourism minister, will give the opening speeches as the conference gets under way the following day.

Sri Lankan ministers, including the finance minister, as well as government officials will provide the latest thinking on official policy on infrastructure and creating an investment-friendly environment.

AHTIC will take place, November 27 – 29, 2016, at the Hilton Colombo, Sri Lanka.

For the full programme visit: www.asia-conference.com/programme

ENDS

ABOUT AHTIC
Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka and Sri Lanka Tourism Development Authority, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: Dusit International, Official Airline Partner: SriLankan Airlines

ABOUT BENCH EVENTS

Bench Events has a long track record of delivering the leading hotel investment events across Europe, the Middle East and Africa. Jonathan Worsley, Chairman of Bench Events is one of the founders of the highly successful International Hotel Investment Forum in Berlin, now in its twentieth year. In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai and in 2008 the Russia & CIS Hotel Investment Conference followed by Central Asia and Turkey Investment Hotel Conference. In 2011, with industry backing, Bench Events opened the Africa Hotel Investment Forum which has been held in Casablanca, Nairobi, Addis Ababa and this year to be held in both Lomé, Togo and Kigali, Rwanda. Bench Events addressed a gap in the market in 2014 with the successful launch of the Global Restaurant Investment Forum in Dubai followed by the 2015 edition of the Mediterranean Resort & Hotel Real Estate Forum in Madrid. More recently it has moved into the aviation development space with the launch of the AviaDev Conference. It also partners with the British Hospitality Association on the annual British Hospitality & Tourism Summit held in London. Bench Events has recently announced a joint venture partnership with Arturo Rosa on the South American Hotel Investment Conference (SAHIC) for Latin America.

Bench Events is an industry platform for growth, networking and thought leadership around the globe.  www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Thermaltake India launches the new Core P3 ATX Wall-Mount Chassis Series

Offering a panoramic view of PC, the Thermaltake Core P3 ATX Wall-Mount Snow White and Black Editions, set new benchmarks in PC Design

thermaltake-announces-core-p3-atx-wall-mount-chassis-series

Mumbai, India, October 27th 2016 -Leading PC DIY and gaming gear brand Thermaltake India today officially announced the availability of the Core P3 Snow Edition ATX Wall-Mount Chassis and the Core P3 Black Edition ATX Wall-Mount Chassis. The Core P3 series retains the classic appearance of the Thermaltake open frame chassis series. To simultaneously protect and display the glory of the build, the Core P3 series is designed with 3-way placement layouts (Wall-mount, Horizontal and Vertical) and also includes a large acrylic window. The internal structure of the Core P3 series provides a versatile PSU and GPU orientation, and supports a vertical PSU layout. Furthermore, the dual GPU layout locations allow flexibility for placing the GPU either horizontally or vertically. Most importantly, the Core P3 series is AIO liquid cooler supported. The Core P3 series is not only made for modders, but also built for makers. Users can make their own Core P3 mods by downloading the 3D printable accessories available online.

tech-image

Commenting on the launch, Nil Bhowmik, Country Business Head (India), Thermaltake said, “The Core P3 Series chassis are a step ahead in the classic culture of innovation in PC Design by Thermaltake. Modders, gamers and enthusiasts can experiment with different layouts and designs in their dream PC build. Moreover the AIO Liquid cooling solutions support and versatile hardware orientation options allow it to be a maker’s chassis in the truest sense.”

Exclusively “Tt LCS Certified”

Tt LCS Certified is a Thermaltake exclusive certification applied to products that pass the design and rigorous hardcore enthusiast standards that only the world’s best LCS chassis are held to. The Tt LCS certification was created so that Thermaltake can clearly convey to power users and enthusiasts which chassis are built and tested to be best compatible under extreme liquid cooling configurations. This ensures you get the best performance, compatibility and features.

Features of the Thermaltake Core P3 ATX Wall-Mount Chassis Series:

Built for Makers
By practicing and incorporating the idea of “Maker Movement” as well as 3D printing in Thermaltake Core P3 series, Thermaltake designs the open frame panoramic viewing chassis that allows anyone to make their own mods by printing out ideas using 3D printer with liquid cooling components. All the files are available to download on 3dmakers.thermaltake.com.

3-Way Placement Layout
The Core P3 series is designed for use in three different ways: Wall-mount, vertical, and horizontal placement. Built for customization that reflects the makers’ personality, the Core P3 series allows users to adjust the chassis for the best viewing presentation while ensuring outstanding cooling performance. Users can choose to hang the Core P3 series on the wall as decoration, or display it on any surface of their choice either vertically or horizontally.

Panoramic Viewing
The open frame structure with unique Panoramic Viewing design advances the Core P3 series visual presentation, that permit users to show off their dedication and skill set unlike any other cases on the market.

DMD – Dismantable Modular Design
The Core P3 series enables user to freely build the system from the ground up with given modular panels, racks, brackets, and pre-design mounting arrays. With no more unreachable screw corners or gaps, the Dismantable Modular Design makes installation easy.

Versatile GPU & PSU Orientation
Users can easily show off their graphic card and power supply with the specially designed bracket. The Core P3 series has included the Thermaltake PCI-e X16 Riser Cable that allows users to choose the way they want to build the system. The Thermaltake PCI-e X16 Riser Cable supports a wide range of GPU solutions and match the cable included in the Core P3, protecting your GPU investment with EMI shielding and providing high conductivity to one of your most vital components. Furthermore, the Core P3 series also has the support for vertical PSU layout when ITX motherboard is applied.

Superior DIY and AIO Liquid-Cooling Solutions
The Core P3 series enables users to build a complete high-end system, whilst supporting up to 420mm DIY liquid cooling radiators, or 140mm case fans, with a long graphic card at the same time, and simultaneously providing the best visual effects as well as increasing the CPU’s case modding potential. The Core P3 series allows users to install AIO liquid cooler size up to 360mm. Most importantly, the Core P3 series has the capability to deliver an outstanding cooling efficiency throughout the entire case.

Supreme Hardware Support
The Core P3 series offers the most flexible mounting option with the uniquely designed mounting array which not only supports up to four 120mm or 140mm fans or radiators, it also supports the mounting of 3.5″ and 2.5″ storage devices. Furthermore, two 3.5″/2.5″ drive trays are included and hidden in the back panel that offers 45mm of cable management space.

The Thermaltake Core P3 ATX Wall-Mount Chassis is now available in India at a retail price of INR 8700/-.

For more details on Thermaltake Core P3 ATX Wall-Mount Chassis please visit:
Core P3 – http://www.thermaltake.com/products-model.aspx?id=C_00002908
Core P3 Snow Edition – http://www.thermaltake.com/products-model.aspx?id=C_00002914

For any queries, please write to info-india@thermaltake.com

Thermaltake official website and community websites:

  1. Thermaltake official website: http://www.thermaltake.com
  2. Thermaltake Tt Community: http://community.thermaltake.com/
  3. Thermaltake product video link: http://www.youtube.com/user/Thermaltakereview
  4. Thermaltake Facebook Fan Page: https://www.facebook.com/ThermaltakeInc
  5. Thermaltake India Facebook Fan Pages:
    https://www.facebook.com/thermaltake.india/
    https://www.facebook.com/TtesportsIndia/
###

91a3dd60-cf69-4198-a6ae-8c571fb15dceAbout Thermaltake Technology Co. Ltd.

Thermaltake Technology Co. Ltd. commenced operations in 1999, and has since then been marketed to the world under the brand name “Thermaltake”.A proud pioneer in the PC DIY and Technology Lifestyle products, the brand’s mission is to “Deliver the Perfect User Experience” via continuous improvements and innovations of products under all its distinguished brands – Thermaltake, Tt eSports, LUXA2 and others.

The brand personality of being Unique, Aggressive, Vivid and Stylish makes Thermaltake an expert in creating Exciting products and a Fascinating environment for gamers and enthusiasts.  With innovative designs and unique style, Thermaltake products have spread rapidly among the enthusiasts in the Case MOD and Gamers’ markets and have soon become the number one choice for PC enthusiasts worldwide.

Headquartered in Taiwan, Thermaltake currently has 5 branch offices worldwide which include Australia, China, Germany, Russia and USA with a global channel network of 120 regional distributors and over 4000 premium resellers.
Thermaltake official website: http://www.thermaltake.com
Thermaltake Facebook: https://www.facebook.com/ThermaltakeInc

0d9d0334-1d94-4b63-a690-4b716bc3ffd6About “Tt eSPORTS”

Thermaltake is a well-known brand for gaming & MOD in Case, Cooler, and PSU for  years. Due to the constant requests for keyboards and mice from gamers and end  users, Thermaltake decided to create a series of gaming keyboards, mice, and  headsets with the Tt eSPORTS brand. By using Tt eSPORTS, we want to extend our product lines into the gaming industry, and provide more “personalized gaming” gears to gamers and enthusiasts worldwide. With years of experience in gaming industry, Tt eSPORTS is committed to bring the most personalized and the highest quality weapons for the most competitive cyber battles, and advances with the idea of products designed by gamers for gamers.

Tt eSPORTS official website: http://www.ttesports.com/
Tt eSPORTS Facebook Fan Page: https://www.facebook.com/TteSPORTS

5f6b7536-7bde-4f79-82a4-d7334d671e6d

Linksys India introduces two new Wireless AC Access Points for Business

Catering especially to SMBs and Startups, the powerful Linksys LAPAC1750 and LAPAC1200 Dual-Band Access Points for Business deliver the next generation of Wi-Fi Technology (802.11ac) to provide faster speed and more Wi-Fi capability for everyday business.

Mumbai, India – October 25, 2016: Leading global wireless and networking brand, Linksys India has launched its two new and powerful Wireless AC Access Points for Business.

The Linksys LAPAC1750 and LAPAC1200 Dual-Band Access Points cater to professional environments and are especially targeted towards the SMB (Small and Medium Business) and Startup Segments.

linksys

With the growing demands of multiple devices on a Wi-Fi environment in a business network, the Linksys LAPAC1750 and the LAPAC1200 Dual-Band Access Points for business deliver the next generation of Wi-Fi technology (802.11ac) to provide faster speed and more Wi-Fi capability for everyday business than ever before.

Commenting on the launch, Mr. Altaf Ansari, Country Head, Linksys (India and SAARC) said, “In today’s dynamic and complex business work environments it is important to have connectivity which is seamless, catering to the ever increasing number of devices on the Wi-Fi network, at the same time is easy and cost effective to manage as well. The addition of Linksys Dual-Band Access points in our Business product portfolio addresses these challenges by delivering a host of features that add to the ideal office environment. These products are best suited for SMBs and Startups with a high wireless connectivity consumption.”

The Linksys LAPAC1750 and LAPAC1200 Dual-Band Access points are now available in India via Linksys India authorized channel partners.

Key features

Next-Generation Wi-Fi Connectivity

The Linksys Business Wireless-AC Dual-Band Access Point supports the latest 802.11ac technology, a three time performance increase from 802.11n. Enhancements such as wider 80 MHz channels provide greater data bandwidth while operating in the less-crowded 5 GHz band space. With this increase in Wi-Fi freedom, wireless clients can experience faster speeds while maximizing their performance.

Flexible Deployment

The Linksys Business Wireless-AC Dual Band Access Point can be deployed as a typical access point, as a wireless distribution system (WDS), or as a workgroup bridge to extend your wireless range coverage.

Clustering (Single Point Control)

The Linksys Business Series Wireless-AC Dual-Band Access Point delivers Clustering, which helps to reduce the costs and complexity of managing multiple wireless access points simultaneously. This Clustering feature simplifies administration and management efforts with Single Point Control.

Captive Portal

The Linksys Business Wireless-AC Dual Band Access Point implements a captive portal to support secure and customized guest Wi-Fi access. The captive portal is also used at many Wi-Fi hotspots to control wireless access in the area.

Easy to Use

The Linksys Business Wireless-AC Dual-Band Access Point is integrated with 802.3at PoE+ capability to eliminate extra power adapters and offers optimal placement. It also provides an intuitive Web administrative interface, easy to set up and easy to use.

Advanced Security over Wireless

The Linksys Business Wireless-AC Dual-Band Access Point protects and secures your wireless network with business-class security features including Wi-Fi Protected Access (WPA/WPA2), 802.1X Supplicant Authentication, MAC-based ACL, Rogue AP Detection, SSID-to-VLAN Mapping, Wireless Scheduler, and more.

Link for downloading product data sheet and high res images – http://bit.ly/2ewLz3w

###

About Linksys
The Linksys brand has pioneered wireless connectivity since its inception in 1988 with its leading innovation and engineering strategies, and best-in-class technology, design, and customer service. Linksys enables a connected lifestyle for people at home, at work and on the move, and with its award-winning products, simplifies home control, entertainment, security and Internet access through innovative features and a growing application and partner ecosystem. For more information, visit linksys.com, like us on Facebook, follow us on Twitter or watch us on YouTube