Export grows 25% in FY22-23 to Rs. 10.33 crore; Company aims to increase export to 40% of total business
Gandhinagar (Gujarat) [India], December 26: Gujarat Raffia Industries Ltd (GRIL), a leading manufacturer and exporter of HDPE Tarpaulins, Plastic Sheeting, and Ground Sheeting is eying foray in the solar power. Along with expanding capacity in its core business and expanding export footprints, company is working on plans to foray in solar energy. Company in its annual report of 2022-23 has mentioned that company has raised borrowing for purchase of Machinery and Solar plant
Established in 1984, Gujarat Raffia Industries Limited is one of the major manufacturers of PE Tarpaulin, Plastic Sheeting, Ground Sheeting, Geomembrane, Tents, Shelters, Pond Lining, Canal Lining, Fumigation cover, HDPE Woven Bags, PP Woven Bags, Vermibed and Ropes etc. Company’s plants have all the latest manufacturing facilities and have top quality measures for good working environment. The products that company offer like Tarpaulins, Tents, Geomembrane, Vermibed, Agro sheets, Fumigation covers, PP Bags etc. are completely maintenance free.
For FY22-23 company reported export turnover of Rs. 10.33 crore, over 25% jump from exports of Rs. 8.23 crore reported in FY21-22. The Company has successfully initiated its efforts for increasing exports and has set a target of exporting more than 40% of its production. Company currently exports to countries including USA, UK, Israel, Yemen, Hungary, Romania among others.
Company has a state-of-the-art manufacturing facility located in the lush green industrial area on a land measuring 26000 Sq. yards. The plant is also well conncted with proximity to major Sea ports. By adopting world class technologies in manufacturing, quality control and R&D company have strengthened our product portfolio ever since its inception in 1984. Also company is well equipped with latest testing laboratory and R & D Centre to ensure quality of products we deliver to our valued customers.
The HDPE/PP woven Sacks/ Bags industry as a whole will be benefited by relaxation of Jute Mandatory and Packaging order subject to which will be enable Food Corporation of India and other agencies to pack of food grains in HDPE/PP Bags. HDPE/ PP Bags sector is the biggest sector in India for packaging.
For FY22-23, company reported total income of Rs. 41.28 crore and earned net profit of Rs. 1.03 crore. Promoter Group holding as on September 2023 stands at 39.56%.
In spite of economic slowdown, the company is quite positive of better results as the Company has sizable presence in fertilizer and agriculture sector. The opening up of food grains sector will enable the woven sacks industry to see better times again. Company has completed expansion work at the plant which has increased its production capacity. We are expecting growth in Domestic market for Tarpaulin, fabric and sacks also.
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New Delhi (India), December 25: In a strategic move to further fortify its leadership team, Trackier, a fast-growing SaaS startup from India, appoints Mukul Kaushik as its Chief Revenue Officer. Mukul Kaushik has been associated with Trackier for the past five years as a key sales person, overseeing client acquisition and driving revenue growth. This recent promotion underscores his longstanding commitment to the company and Trackier’s unwavering recognition of the talent that shapes its upward trajectory.
Taking on this position as a Chief Revenue Officer, Mukul will play a pivotal role in steering the company towards becoming an industry leader and capturing new markets across the globe. Notably, he marks the first addition to the original founding trio, which comprises Faizan Ayubi, Udit Verma, and Hemant Mann.
In his previous role at Trackier, Mukul was overseeing the sales team comprising around 14 members. Under his guidance, combined with the collective efforts of the entire team, Trackier is now the growth partner of over 1,500 brands belonging to diverse industries. He also expanded Trackier’s footprints in Brazil, Africa, and Nigeria with the help of local resources and set up two new offshore entities in the UAE and Singapore under his leadership.
Talking about his recent achievement, whose announcement came up as a surprise during the company’s corporate anniversary in Vietnam, Mukul said, “Five years ago, I joined this remarkable company as a Marketing Executive, unaware of the transformative journey ahead. Today, I am honored to announce my appointment as Chief Revenue Officer. This remarkable ascent is a testament to our inclusive culture, guided by a visionary founding team. For Udit, Faizan and Hemant, inclusivity and encouragement are not just a buzzword. I’m standing here on this stage as proof of their commitment.”
He added, “My gratitude extends to the incredible team, the backbone of our success, whose dedication and collaboration propel us forward. Becoming CRO is not just a personal achievement; it reflects the collective efforts of each team member. As I embrace this role, I anticipate exciting challenges and opportunities, confident that together, we will achieve even greater success.”
Commenting on this elevation, Faizan Ayubi, CEO & Founder of Trackier said, “Mukul has been an integral part of Trackier’s journey up till this point and I believe that he will continue to drive success and innovation, playing a pivotal role in shaping Trackier’s future. I am excited to see what he brings to the table as the new Chief Revenue of Officer of the company.”
As a CRO, Mukul Kaushik will be spearheading expansion of Trackier’s products globally. The core focus will be the Affiliate Tracking tool for gaming vertical all across the globe, along with the expansion in the US region. His future plans also include cementing Trackier’s position as the leading Mobile Marketing Platform provider starting with the South East Asia region in the coming financial year.
About Trackier
Trackier is a SaaS-based startup, headquartered in Delaware, United States with over 70 members. The company offers subscription-based attribution tracking and partner management platform to brands, ad networks, agencies, and affiliate networks. It primarily caters to the performance marketing, mobile marketing and iGaming industry. Aside from the US, Trackier has offices in India, Singapore, and Dubai.
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New Delhi (India), December 25: Rustom Kerawalla’s VIBGYOR Group of Schools going Green with the installation of solar panels at its VIBGYOR High school at Electronic City, Bengaluru.
VIBGYOR Group of schools, a part of the Ampersand Group, has announced the successful installation and implementation of its pilot solar panel project at VIBGYOR HIGH, E-CITY, Bengaluru.
In keeping with United Nations Sustainable Development Goals, specifically UNSDG no. 7: ‘Affordable and Clean Energy’, VIBGYOR is committed to achieving lower carbon emissions and bringing cheap, reliable energy to its schools, by swapping traditional grid electricity supplies for solar power produced onsite. Efforts are underway to extend this green footprint across the entire network of 36 VIBGYOR schools pan-India.
Installing such solar energy systems will allow schools to substantially reduce annual carbon emissions and can power multiple activities such as digital classboard teaching, computer lab activity and office operations. It can also be used in the library and the auditorium, as well as to light up school grounds.
As Rustom Kerawalla, Founder Chairman of Ampersand Group, opines, “The future is green. We owe it to our future generations to achieve a transition to clean energy. Indeed, it is about making an investment in our future.
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New Delhi (India), December 25: Ministry of Textiles, Government of India is organizing the second edition of Mega event Viraasat Sari Festival 2023, from 15th – 28th December 2023, at Handloom Haat, Janpath, New Delhi.
During 2022-23, Virasat Sari Festival 2022, was celebrated in two phases and was a big hit with an impressive footfall, good sale by handloom weavers and brought much needed attention to the sector.
It is also worthwhile to mention that to promote handwoven saris, Ministry of Textiles organized two editions of Sari Walkathon at Surat (9th April 2023) and Mumbai (10th December 2023) with overwhelming response as thousands of women came all dressed in Saris representing the pride of their state.
In continuation to the series of these events, the second edition of Viraasat Sari Festival 2023 will have special focus for Handloom Saris of various parts of nation and will bring together handloom weavers of country, sari designers and sari lovers and buyers. The event will showcase the Handloom heritage of India.
The event will celebrate both the tradition as well as potential of the Handloom Sector in its full strength. The event is likely to put renewed focus on the age-old tradition of Sari weaving and thereby improve earnings of the handloom community
The highlights of the event are as following:-
90 stalls for handloom weavers/artisans to directly retail the saris.
Curated display of exquisite handwoven saris of nation
Workshops and talks on Sari & Sustainability
Cultural performances by contemporary and folk artists
Live loom demonstration
Food stalls of different varieties of food etc.
Handloom sector is a symbol of our country’s rich and varied cultural heritage, besides being one of the key sectors providing employment to a large number of people, especially women. The handloom sector of India engages more than 35 lakh persons. The art of handloom sari weaving has traditional values attached to it and each region has exquisite saris varieties. The uniqueness of saris such as Paithani, Kotpad, Kota doria, Tangail, Pochampally, Kancheepuram, Thirubuvanam, Jamdani, Santipuri, Chanderi, Maheshwari, Patola, Moirangphee, Banarasi Brocade, Tanchoi, Bhagalpuri Silk, Bawan Buti, Pashmina Sari etc. to name a few attracts saris across the globe with exclusive art, weaves, designs and traditional motifs.
Government of India has launched the various schemes for Handloom for branding of high-quality products with zero defects and zero effect on the environment to encourage and to give a distinct identity to the products, apart from highlighting the uniqueness of the products. It also serves a guarantee for the buyer that the product being purchased is genuinely handcrafted. All the exhibitors at the exhibition have been encouraged to display their exquisite products and thus aim to improve the market for Handloom saris and earnings of the handloom community.
The Mega Event “VIRAASAT – My Sari My Pride” Sari Festival and exhibition will be open to public from 11 am to 8 pm from 15th to 28th December 2023.
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Surat (Gujarat) [India], December 25: Ankit Saini, a manufacturer and exporter from Rohtak in Haryana, has transformed his life and business trajectory, achieving significant success in the export industry since becoming a part of Being Exporter, a leading platform for export assistance founded by Bhagirath Goswami.
Ankit, who has been in the manufacturing business for seven years, faced severe financial instability and challenges due to persistent payment delays from domestic customers. His journey was marked by financial challenges, pushing him to seek a change. The turning point came when Ankit’s wife booked a spot for him at a workshop organized by Being Exporter.
Initially hesitant, Ankit attended the workshop at his wife’s insistence and discovered a community that shared his goals and ambitions. He was aware of the immense opportunities in the export business, but he had never thought that he could achieve success in the industry. Being Exporter’s workshop and mentorship program provided Ankit the clarity he needed and empowered him to set and achieve larger goals.
Ankit’s journey in the field of exports began with a shift in mindset. Despite initial challenges and disappointments, his first shipment was sent within 15 days of attending Being Exporter’s boot camp. The financial concerns that once held him back dissipated as Ankit embraced the safety of exports with advance payments. The support of the Being Exporter community, through boot camps and continuous empowerment, enabled Ankit to steadily increase the size and number of shipments.
“Becoming a part of the Being Exporter community has changed my life. The community has been my constant support. The financial concerns that haunted me earlier are now a thing of the past. With the support and guidance of Being Exporter, we have grown from small consignments of a few lakhs to handling single orders worth Rs. 2.5 crore,” says Ankit.
The success has not only transformed his business but has also opened new avenues for growth. From just 7 employees when he participated in the first workshop, his team has now grown to 60. Ankit is also actively contributing to women’s empowerment by investing in training and skill development.
“These were things I could not even imagine when I was a manufacturer and catering only to the domestic market. Being Exporter has helped me become more confident. A turnover of even Rs. 10 crore was unfathomable, but now we are aiming even higher. We are expanding our product range and entering into joint ventures with other manufacturers to further grow the export business,” says Ankit, reflecting the confidence Being Exporter has instilled in him.
Bhagirath Goswami, Founder of Being Exporter, said that Ankit’s success story underscores the potential for individuals to thrive in the export market with the right guidance and support.
“Ankit’s story is inspiring and highlights the transformative power of purpose. He is a different person today than when I first met him at the workshop. He is an inspiration not only for other exporters but for everyone who aspires to succeed. Being Exporter is committed to helping entrepreneurs like Ankit navigate the export industry and become a part of their success stories,” Mr Goswami said.
Ankit says that disappointments are bound to be there, but he has learnt to take them in his stride since associating with Being Exporter.
“Without the support of the Being Exporter community, and especially Bhagirath Goswami, I would not have been able to achieve this,” he adds.
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CoinEx Research: A Study on Risks of the Sequencer
New Delhi (India), December 25: If you already know something about why sequencers exist, please skip to the second part of the article.
Let’s start with the Layer-1 scaling
According to the impossible triangle of blockchain, it is necessary to process multiple nodes, broadcast transactions, and ultimately reach a consensus, which results in a low blockchain but ensures its security. Under this premise, scalability becomes the major challenge.
There are two mainstream scaling solutions available.
Layer-1 Scaling
One well-known project is the EthStorage solution, which is aimed at storage scaling on the native chain.
Layer-2 Scaling
Layer-2 scaling focuses on separating the execution layer and implementing Data Availability (DA) solutions. Common solutions include Rollup (such as Op, Arb, and Scroll) and DA such as Celestia.
By separating Ethereum’s execution layer and processing all transactions in a dedicated environment, independent modules can leverage optimized solutions to further enhance performance. Additionally, the design of Ethereum Layer 2 weakens the solution to the blockchain trilemma. In other words, while scaling its performance, it has also realized security equivalent to that of Ethereum to the greatest extent.
Sequencers are vital to the security of Layer 2. Now, let’s get to know more about Layer-2 sequencers.
About Layer-2 Sequencers
In simple terms, a sequencer is responsible for publishing the state of Layer 2 to participants on Layer 1. Its task also involves determining the canonical order of transactions on Layer 2 and submitting records. Its fees can be earned when users pay for Layer-2 transactions. It should be noted that sequencers do not necessarily exist on Layer 2, and users can choose to submit data independently.
There are two types of sequencers:
Centralized sequencers (mainstream one): single and centralized
Decentralized sequencers (the focus of the next phase): multi-node and distributed
Sequencers have the following three sources of revenue:
Layer-2 gas fees: Similar to gas fees on Ethereum, all transactions executed on Layer 2 require gas and are calculated in the same way.
Layer-1 calldata/security fees: To cover the cost of publishing transactions back to Ethereum, sequencers or batch submitters on Layer 2 need gas to pay for this submission process. The cost shared by each user decreases as more users join, which is a major reason behind lower Layer-2 gas fees.
Additional fees: After Ethereum’s EIP-4844 upgrade, a new type of gas will be introduced for the first time. This will enrich the future adjustments to the revenue model.
As mentioned above, sequencers are not mandatory on Layer 2. One primary reason for adopting a sequencer on Layer 2 is to improve the user experience. Specifically, when a reliable, scalable, and cost-effective sequencer is introduced as the transaction layer, users will be able to apply various decentralized applications (dApps) in a safer, more reliable, and more efficient manner. This is conducive to the widespread adoption of Web3 and can minimize user costs.
However, it should be noted that sequencers, especially centralized ones (often operated by the project owner), pose security risks. In the following sections, we will focus on analyzing some risks associated with the two types of sequencers.
Risks and Challenges Faced by Sequencers
Issues Related to Centralized Sequencers
Currently, most Layer-2 solutions rely on centralized sequencers whose risks may come from external attacks and their own vulnerabilities or malicious behaviors driven by economic incentives. The main issues are as follows.
Single Point of Failure (SPOF)
All physical machines are susceptible to failures. While the probability is low, it will extensively affect the huge user base of Layer 2 once it occurs.
Attacks
Any host on the Internet may suffer from various attacks, and single-node sequencers are no exception. If a hacker launches flood attacks or other types of denial-of-service attacks, the single-node sequencer would become unavailable. Compared to attacking multiple machines in a decentralized sequencer, the cost of attacking a single-node sequencer is much higher.
Performance
Both the zk-type and op-type sequencers are inevitably faced with performance issues.
ZK-related Issues:
Computational complexity: Utilizing zero-knowledge (ZK) proofs to verify the correctness and validity of transactions requires substantial computational resources and time. This may result in delays in processing transactions and high computational costs. We can only rely on hardware development to address such issues.
Verifiable dependency: zk Rollup relies on external entities for contract verification. External contract verification is required to validate the correctness of ZK proofs. This involves the risk of contract attacks.
OP-related Issues:
Delay and uncertainty in transactions: While executing transactions, optimistic rollups maintain the optimistic assumption that all transactions are valid and will not result in disputes. However, if there are disputes or invalid transactions, the whole system may need roll-back and re-execution, leading to a certain level of uncertainty and delay in processing. During the delay, there is also a probability of malicious activities.
Different from the thousands of distributed nodes in Ethereum, centralized sequencers may not guarantee that user transactions will eventually be included on the main chain. Sequencers controlled by different entities may selectively exclude transactions due to relevant policies and laws.
There are also many other mechanisms used to improve censorship resistance, such as forced withdrawal, escape channels, inclusion lists, and threshold encryption. However, weak censorship resistance remains an inevitable issue and also an uncertain risk in future development.
Potential for Bribery
While a single-node sequencer cannot maliciously increase or modify users’ normal transactions, its lack of transparency means that bribery may go unnoticed by users. The results recorded on Layer 2 may not be the same as those recorded simultaneously on Layer 1. During the simultaneous window period, various unexpected events may occur.
MEV
MEV stands for the maximum extractable value of miners.
Miners (validators or sequencers) can profit from their ability to arbitrarily include, exclude, or reorder transactions from the blocks they produce. MEV is a measure of the profit. Miners must be able to prioritize transactions to protect unauthorized blockchains from spam and DoS attacks. In simple terms, packagers earn money by disrupting the execution of pending transactions. Common methods (employed by sequencer owners or employed in cooperation with third parties) include:
1. DEX arbitrage: Price may vary from one decentralized exchange (DEX) to another. With the atomic transactions of blockchain, one can buy on a DEX with a lower price and sell on another with a higher price, achieving risk-free arbitrage.
2. Lending liquidation: According to the lending protocol, when the collateral ratio falls below a predefined threshold, the protocol typically allows anyone to liquidate the collateral and immediately repay the lender. During liquidation, borrowers often need to pay substantial liquidation fees, part of which goes to the liquidator. It will also present an opportunity for MEV. Sequencer owners or their collaborators can perform liquidations at a lower cost and sell the liquidated assets at a higher price, thus securing profits.
3. Front running: When frontrunners detect a profitable transaction, they submit the same transaction with a higher transaction fee, which allows their submitted transaction to be included in the block prior to the original transaction. By doing so, the frontrunner will gain profits. Front running does not simply mean resubmitting the same transaction. In a broad sense, it involves inserting a transaction before another to gain profits.
4. Back running: For decentralized exchanges (DEXs) adopting the automated market maker (AMM) mechanism, large-scale transactions can result in a significant slippage. After large-scale transactions occur, the market will lose equilibrium. At this point, sequencer owners or their collaborators can add transactions to buy assets at a price below the market equilibrium price.
5. Sandwich trading: Sandwich trading is a mixture of both Front Running and Back Running. Specifically, sequencer owners or their collaborators can buy at a low price before a large-scale transaction. When the large-scale transaction drives up the price, they sell at a high price to secure substantial profits.
In the context of sequencer centralization, sequencer owners can easily manipulate the logic to maximize their profits. The first two MEVs can provide liquidity for the market and help it rapidly return to equilibrium. However, the latter two malicious MEVs come at the expense of user interests. Front running and sandwich trading can lead to a poor user experience and more serious losses. Competitive MEV searchers engaging in gas auctions will cause negative impacts, such as network congestion and higher gas fees.
In summary, all security measures are underpinned by trust in centralized sequencers (typically those operated by project owners), which obviously goes against the spirit of Web3. Therefore, the industry is actively exploring and advancing shared sequencers to reduce reliance on trust.
Challenges Faced by Shared Sequencers
First of all, let’s have a look at how shared sequencers work. As a modular component of blockchains, shared sequencers are responsible for ordering transactions without executing them. This separates the original tasks of ordering, executing, and proving transactions and forms independent sequencing layers, thus reducing the coupling degree. Besides, nodes no longer need to store the full state of all different rollups, and some bottlenecks related to single-node sequencers have been overcome.
This process is briefly described as follows:
Users submit transactions to the sequencing layer.
The sequencing layer orders transactions and constructs blocks.
The block is submitted to the aggregator.
The rollup executes transactions in the order provided by the sequencing layer.
Finally, the rollup submits transactions to the settlement layer or the Data Availability (DA) layer for final confirmation.
In essence, transitioning from a centralized sequencer to a decentralized shared sequencer can be realized by multiple rollups choosing to use one sequencer. The interoperability and compatibility between different rollups should be also addressed.
Several challenges exist in promoting shared sequencers:
Trade-off by the project owner
If a shared sequencer is used by multiple Layer-2 chains, it means that the project owner has to give up a large portion of the revenue. This is why many project owners have been reluctant to promote the decentralization of sequencers despite their commitment to doing so. Facing the fierce competition in the Layer-2 ecosystem, project owners also need the profits earned from sequencers to sustain their project ecosystems.
2. Compromise in user experience
According to the impossible triangle of blockchain, security and decentralization will improve at the expense of scalability, leading to issues like transaction delays and lower TPS (transactions per second). This also results in some differences in user experience compared to centralization.
3.Greater reliance on resources
It is no longer an unregulated industry. The development of all projects relies on the integration and coordination of various resources. With the implementation of decentralized sequencers, different rollups need to integrate. Without a powerful background and the ability to integrate resources, it can be challenging for other rollups to integrate. The project owner must have the ability to solve various problems such as profit distribution, unified interface protocols, content consistency, and cross-chain coordination.
4. Challenges in rollup compatibility
When different rollups are connected with a shared sequencer, they all need to adapt to corresponding protocols. However, different rollups have different protocols, which will present numerous technical challenges.
In summary, the development of shared sequencers has been sluggish because all stakeholders have not yet reached a consensus on issues such as interests and development goals.
Conclusion
The key to promoting decentralized sequencers lies in preventing user transactions from being censored, minimizing malicious MEVs, and enhancing ecosystem activity by changing the revenue model while maintaining project profitability. As the ecosystem evolves, the promotion of shared sequencers is expected to accelerate. Let’s look forward to a more prosperous ecosystem. In this article, we have discussed in detail some risks associated with centralized and decentralized sequencers. We also hope to inspire more discussions on sequencers and jointly facilitate the development of the industry.
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.
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Championing innovation and excellence, REHAU proudly announces its latest triumph
New Delhi (India), December 25: Championing a legacy of innovation, REHAU stands at the forefront as a visionary provider of state-of-the-art systems and services. A resounding demonstration to its unwavering commitment to excellence, REHAU proudly announces its latest triumph – securing a coveted spot among the ‘Most Preferred Brands of 2023-24,’ recognized by the esteemed MarksmenDaily. This accolade underscores REHAU’s unwavering dedication to pioneering solutions and signifies its prominent role in shaping excellence across diverse sectors.
MarksmenDaily’s annual “Most Preferred Brands” initiative is a celebration of brands embodying reliability, innovation, and consumer trust. REHAU’s recognition underscores its exceptional contributions across various sectors, including automotive, construction, furniture, materials, medical, and industrial domains. This acknowledgment extends beyond a mere accolade; it symbolizes a deep resonance with the diverse needs and expectations of the Indian market.
Bhavana Bindra, Managing Director of REHAU, South Asia, conveyed profound appreciation for the recognition, stating, “Earning the prestigious title of ‘Most Preferred Brands of 2023-24 is more than just recognition; it resonates as a powerful affirmation of REHAU’s steadfast dedication to growth, innovation, and excellence. We transcend the role of traditional solution providers, playing a pivotal role in shaping the evolution of industries. This recognition serves as a compelling force, urging us to surpass limits, ignite boundless creativity, and establish unprecedented benchmarks. As pivotal contributors to India’s manufacturing prowess, REHAU takes immense pride in shaping the nation’s growth narrative. Fueled by this honor, we strengthen our pledge to deliver cutting-edge solutions and unparalleled service, propelling the Indian manufacturing industry into a future defined by excellence and progress.”
The significance of being a preferred brand in the Indian market cannot be overstated. In a landscape marked by diversity and constant evolution, consumer preferences wield immense influence on brand trajectories. REHAU, a pivotal player in the Indian manufacturing industry, takes immense pride in contributing to the nation’s growth narrative. The recognition from MarksmenDaily reinforces REHAU’s pivotal role in shaping the industrial landscape, fostering innovation, and setting new standards for excellence.
As REHAU basks in the honor of being recognized among the ‘Most Preferred Brands of 2023-24’, it inspires REHAU to anticipate the future, break barriers, and set new standards. In celebrating this achievement, REHAU reaffirms its unwavering commitment to driving progress and delivering unparalleled solutions in the ever-evolving realm of polymer-based solutions.
About REHAU
Founded in Germany in 1997, REHAU emerged as a prominent global player in the Furniture and Building industry, establishing a significant presence in India. Revered for its commitment to German-quality, REHAU specializes in the production of uPVC Edgebands, solid surfaces, pre-laminated boards, laminates, as well as underfloor heating and cooling solutions. With a distinguished track record of innovation and excellence, REHAU continues to lead in delivering cutting-edge solutions that cater to the evolving needs of industries worldwide.
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M3M’s integrated business model gives added control on projects for completion on time. Company looking forward to deliver 6 projects with 6.5 million square feet of space in FY24.
Gurugram (India), December 25: The real-estate sector, the second largest employment generator, is booming once again. The sector has fully recovered from the COVID slow-down and is in full momentum. Looking at a growth rate of 10-11% in 2024, the sector is looking forward to a contribution of 13% in India’s GDP in the coming couple of years and all set to support government’s vision of being the 3rd largest economy in the world in the next five years.
The industry reports are also suggesting robust growth in realty sector in 2024. According to the Knight Frank India Real Estate Report 2023, residential sales are projected to grow by 810%, totalling approximately 3.5 lakh units. The report further indicates an expected rise of 5-7% in average residential prices across major cities, underlining sustained demand. The CBRE India Real Estate Market Outlook 2024 predicts a 15-20% growth in new residential launches, emphasizing improved market sentiment and robust demand.
Interestingly, Gurugram has developed as one of the top cities in demand for investors in commercial and residential segment. As of 2023, Gurugram has emerged as India’s real estate leader, registering a remarkable 28% quarter-on-quarter growth, far exceeding the national average of 10.4%. A proposed 1000-acre Haryana government’s Global City Project in Sector 36 and 37D in Gurugram, and by 2024, Dwarka Expressway becoming fully operational, the property prices have already started escalating. The healthy competition has put investors and developers in a win-win situation.
With a stable government at the Centre, ease of doing business, robust infrastructure of roads, and close proximity to International airport; many national and multinational giants have chosen Gurugram as their preferred city to open their offices. The incorporation of RERA has given much needed impetus and confidence to investors in India and has promoted FDIs.
Gurugram has seen a transformational change – its shift from residential to commercial segment has been like phases of tips and turns.
Almost 2 decades ago, as we call it the first-phase of growth, when Gurugram was known as Gurgaon, residential segment was struggling to get investors. The isolated locations and distance from Delhi was enough to discourage investment in residential segment, and it also took its toll on investment in commercial segment. Two factors worked miracles for Gurugram’s growth – (1) the tremendous growth in infrastructure and highways that impacted the travel time from Delhi and (2) Delhi’s exorbitantly increasing property prices, both for rentals and purchasing. These two factors compelled investors to start looking for alternatives, and more than NOIDA, Gurugram became their first choice.
Gradually, many large prominent national and international brands have established their offices in Gurugram. Companies Microsoft, Google, HP, WIPRO, NOKIA, Bharti Airtel, Genpact, Dell, Infosys, American Express, Samsung, Accenture, Snapdeal, Grofers to name a few, and prominent national and international conglomerates, have occupied substantial space in Gurugram. This last decade could perhaps be called as the second-phase of growth and expansion for Gurugram.
Recognized as a millennials city, Gurugram has already started showing signs of its 3.0 expansion with large developers expediting launching and completion of their projects on Dwarka expressway and other parts of the city. The only difference is that almost all projects by prominent developers are focused on mixed-use, with both commercial and residential segment at one location.
It would not be wrong to say that offices of national and multinational brands and conglomerates are emerging as one of the primary reasons for encouraging people to buy property in Gurugram and use them either for high rentals or high investment returns, or for self-occupancy. Safely, the growth in commercial segment is exponentially promoting growth in residential segment.
M3M, the largest developer in Gurugram with more than 50 projects, 3000 acre of land parcels and renowned for its timely delivery, is leaving no stone unturned to capitalize on the current opportunities. In sector 113 and 111 in Gurugram, the Company is building multiple projects. A mega shopping arcade – M3M Capital Walk, with a projected 1000 metres wide frontage, is already driving retail investors. The Company is also developing uber-luxury residential projects – M3M Capital and M3M Crown.
In the first half of FY24, M3M India delivered two residential projects – M3M Heights and M3M Flora68, and one commercial project M3M Skylofts, comprising about 2.5 million square feet space with a construction cost of Rs. 1250 crore. And in the second half of FY 24’, the Company is all set to deliver 3 more projects – M3M Atrium57, M3M Solitude and M3M Lofts74, comprising about 4.0 million square feet space with a construction cost of Rs. 2000 crore. This financial year itself, M3M is set to deliver six projects with 6.5 million square feet space with construction cost of Rs. 3250 crore.
A commercial and retail hub DLF Cyber City on one side and M3M IFC, M3M Urbana Business Park, WorldMark, M3M 65thAvenue on the other side have already become popular for NCR crowd.
DLF is predominantly driven by two launches in Gurugram – one in Southern Peripheral Road (SPR) and the other in Golf Course Road. Realty firm Godrej Properties will soon launch a luxury housing project in Gurugram with an estimated revenue potential of around Rs 3,000 crore. The company will develop nearly 750 apartments in a 9.5-acre housing project ‘Godrej Aristocrat’ located at Sector-49 in Gurugram.
Other builders like Emaar, Omaxe, Vatika, Adani, ELAN Group, Ashiana Housing, Tata Housing, Bestech, ELDECO, ATS Green, etc are other prominent real estate developers, known for changing the landscape and shaping the future of thriving Millennial City of India.
The growth of realty-sector in Gurugram has also generated both blue-collar and white-collar job opportunities. There has been never such a high demand for engineers, construction workers, interior designers, carpenters, construction material like cement, rebars, steel, bricks, marble, granite etc. There is also a boom for the service industry in the region.
The Gurugram-3.0 expansion would get further boost with the Narendra Modi 3.0 vision or term as we may say, aligning with the infrastructure growth in the country, connecting more of India’s remote regions through expressways and highways.
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New Delhi (India), December 25: Instashield, a medtech wellness company, has been recognized for its exceptional contribution to the field with the Best Innovation Technology Award at the prestigious Gems of Gujarat Awards & Conclave 2023. The award was presented by the Gujarat Chief Minister Bhupendrabhai Patel in a ceremony held in Ahmedabad, underscoring Instashield’s commitment to driving technological advancements and its impact on the state’s growth.
The Gems of Gujarat Awards & Conclave serves as a platform to acknowledge and celebrate the outstanding achievements of individuals and organizations across various sectors, contributing significantly to the state’s development. Instashield stood out among its peers, earning accolades for its groundbreaking innovations in technology.
Instashield’s commitment to excellence and its unwavering dedication to advancing technological solutions have set it apart in an ever-evolving landscape. The company’s innovative approach has not only been recognized by industry experts but has also played a crucial role in addressing contemporary challenges.
In the face of the present surge in COVID cases in 2023, Instashield’s cutting-edge technology could be utilized as a powerful tool in the battle against the virus. Instashield operates on electron technology and boasts an impressive 99.9% efficacy in eliminating various viruses, including the Coronavirus. This CSIR-CCMB, Hyderabad certified med-tech device, established in the year 2022, holds immense potential in curbing the rising Covid cases by providing a robust defense mechanism against viral transmission. Instashield’s groundbreaking approach exemplifies the pivotal role technology can play in addressing contemporary health challenges, making it a valuable asset in the rising cases of COVID.
“We express our profound gratitude for being bestowed with the Best Innovation Technology Award at the Gems of Gujarat Awards & Conclave 2023. This recognition is a testament to the hard work and dedication of our team in pushing the boundaries of technological innovation. In these challenging times, Instashield remains committed to leveraging technology for the greater good, contributing to the collective effort in overcoming the hurdles posed by the pandemic,” said Hitesh M Patel, Promoter & Director, Instashield.
Instashield’s recognition at the Gems of Gujarat Awards & Conclave 2023 reinforces its position as a leader in technological innovation, with a focus on creating solutions that make a positive impact on society. The company looks forward to continuing its mission of driving positive change through unconventional technology.
Instashield India Private Limited, a company registered in Hyderabad (Telangana), India is a Private Limited entity established in August 2017. It envisions developing and delivering world-class health care Medical Device Technology products at reasonable prices for higher accessibility and affordability to the market.
Over a short span of time, Instashield has been able to successfully bring innovation and advancement to its products. From providing virus free environment to physical and mental wellbeing, the breakthrough technology of Instashield aims to offer a holistic living. The product designs are stylish and easy to use in closed spaces.
Instashield is an overall safeguard against various potential pathogens such as viruses, bacteria, fungi among others. The new advanced wellness product protects and creates a sterile environment by carefully suppressing different pathogens. It ensures wide spectrum coverage that results in a complete shield resulting to a healthier and safe environment for people.
Instashield has multiple benefits such as: 1. Ensures 99.9% sterilized environment 2. Enhances mental wellbeing 3. Revolutionary wellness technology 4. Protects from all kinds of air borne viruses.
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New Delhi (India), December 25: ABK Media, in collaboration with its esteemed partner TINCOM MEDIA, did the official trailer launch events of the much-anticipated Vietnamese film, ‘A Fragile Flower’ in India. The three city tour by the team along with Director, Producer and Actress Mai Thu Huyen unfolded with resounding success across three prominent Indian cities Goa, Pune and Mumbai.
Talking about how the entire trip to India was planned, Aruna Chakravorty the Managing Director, ABK MEDIA INDIA PVT LTD. Says, “During my visit to Vietnam, I figured out that there is a lot of commonalities in culture and similarities in the way the entertainment industry of both the countries operate. Also, people in India and Vietnam have the similar zeal to feel, connect and celebrate life. This observation boosted our confidence that the movie ‘A Fragile Flower’ will surely resonate with sentiments of the Indian audience and will leave a lasting impact on their heart. Hence we planned to get them to visit India. The film will release theatrically here early next year”.
Directed by the talented Actress Mai Thu Huyền and featuring Jacqueline Thu Thảo Nguyễn as an Executive Producer, ‘A Fragile Flower’ boasts of a star-studded cast with Vietnamese actress Maya in the lead role.
The key cast also includes Quoc Cuong, Mai Thu Huyen, Trizzie Phuong Trinh, Nhat Ha, Nguyen Anh Dung, Baggio Saetti and Duc Tien. Mai Thu Huyen, a luminary in the entertainment industry who was seen dressed in beautiful Indian Saree during the event in Mumbai expressed her excitement about the project and gratitude for the support received.
“A Fragile Flower is a labor of love, and I am thrilled to share a sneak peek with people here in India. This film holds a special place in my heart, and I hope it resonates with audiences worldwide,” said Huyen.
“A Fragile Flower” promises to be a poignant and thought-provoking cinematic experience, blending Mai Thu Huyen’s artistic brilliance with a compelling storyline that explores the delicate facets of life and human relationships.
Expressing his pleasure in hosting the Vietnamese film maker at FTII Pune, Prof Sandeep Shahare, Director FTII, said, “I am confident that the visit of Vietnamese film-maker and actress Mai Thu Huyen will open collaborative opportunities for our students. It was illuminating to understand the heritage of the Vietnamese film industry, its journey of progress and success through the lady on mission herself.” The trailer, which offers a glimpse into the film’s emotional depth and visual splendor, has already generated buzz across social media platforms. Fans and critics alike are eagerly awaiting the movie’s release, anticipating a cinematic journey that transcends boundaries.
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