Wednesday, February 24, 2021

Vikram Kirloskar Conferred With Prestigious IIM-JRD Tata Award 2020



* Mr. Kirloskar has been conferred with this coveted award for his ‘Excellence in Corporate Leadership in Metallurgical Industries’

Toyota Kirloskar Motor India’s Vice Chairman, Mr. Vikram Kirloskar was today honoured with the prestigious IIM-JRD Tata Award for 2020 by the Indian Institute of Metals (IIM).  The award was conferred to him for his service to the country through his ‘Excellence in Corporate Leadership in Metallurgical Industries’.

In a digital event held on February 24, 2021, the IIM-JRD Tata Award for 2020 was handed over to Mr. Kirloskar, in the auspicious presence of the Honourable Minister of Steel Mr. Dharmendra Pradhan, and the Honourable Minister of State for Steel, Mr. Faggan Singh Kulaste. The event was attended by many other distinguished industrialists, academicians, and researchers from across the country. 

Expressing his gratitude upon being bestowed with such an honour, Mr. Vikram Kirloskar, Vice Chairman of TKM, said “It is a privilege to receive this award as it is a much appreciated recognition and encouragement. I have strongly been guided by a vision of making India a world-class manufacturing hub & my commitment has always been towards developing world-class manufacturing competencies and building great talent, thereby driving a socio-economic growth agenda which fosters growth not just for the company but for the people, the society and the country at large. I am thrilled to receive this award as it is a true testimony to our efforts in this direction”.

Mr. Vikram Kirloskar is the 4th Generation scion of the Kirloskar Group. He is the Chairman and Managing Director of Kirloskar Systems Ltd. and the Vice Chairman of Toyota Kirloskar Motor Pvt. Ltd. Mr. Kirloskar’s contribution to the industry has been pivotal, having held and lead several prestigious positions in SIAM, CII & ARAI.

Instituted in 2007 by the Indian Institute of Metals (IIM), the IIM-JRD Tata award is conferred annually at the National Metallurgists Day instituted by the Ministry of Steel & Mines. IIM in its journey spanning over 74 years has been recognizing eminent metallurgists, material scientists, industry professionals, researchers, teachers, and students for their significant contributions concerned with Minerals, Metals, Materials, and their applications, since its inception. Eminent personalities like Ratan Tata, Chairman Emeritus, Tata Sons and Tata Group,  B Muthurmanan, former Vice-chairman of Tata Steel, Dr. E Sreedharan, former MD of Delhi Metro, Debnarayan Bhattacharya, MD, Hindalco Industries, Dr. Sanak Mishra, vice-president of Arcelor Mittal, HM Nerurkar, former MD of Tata Steel, Mr. S K Roongta, Chairman, Bharat Aluminium Company Limited, Mr. Sajjan Jindal, CMD, JSW Group and Mr. SN Subrahmanyan CEO & MD, Larsen & Toubro Limited. have been earlier recipients of this award. 

Demand Rising For Home Loans In Mid & High-Range Segments: Magicbricks Home Loans Consumer Report


 -   Rs.34 lakhs is average loan amount searched on Magicbricks

-   Increased consumer demand for Balance Transfer and Loan Against Property

-   Bajaj, ICICI, HDFC most sought after banks for balance transfer and loan against property

Good deals for mid and high-range properties continue to attract prospective property buyers as around 46% of the consumer preference is now in the range of Rs.30 lakh-Rs.1.crore and above category, with most of the demand being generated from the key residential markets of Bengaluru, Hyderabad and Delhi, revealed Magicbricks Home Loans Consumer Report.

A recently conducted consumer poll by Magicbricks, India’s No.1 property site, revealed that nearly 38% consumers want to take a home loan ranging between Rs.30 lakh - Rs.1 crore indicating the demand revival towards mid and high range homes for multiple reasons like need for an extra room due to Work From Home (WFH), reduction in circle rates, stamp duty, and low interest rates. As per the poll (sample size of 1100 respondents), about 20% prospective home buyers are planning to borrow a home loan between Rs.50 lakh and Rs.1crore and above category.

Commenting on the consumer trend, Mr. Sudhir Pai, CEO, Magicbricks, said: “Thanks to the recent initiatives by the Central and the State governments, we are witnessing a rise in demand for home loans for mid-segment and high range properties. The market sentiment seems to be well aligned to the demand and reflects the same as consumer search data on Magicbricks Home Loans suggests that the average loan amount searched on the platform is Rs.34 lakh. This augurs well for the industry and indicates that transactions are picking up gradually across all segments of residential real estate."

Consumer behavior on Magicbricks Home Loans also suggests that most of the demand is being generated from the key residential markets of Bengaluru, Hyderabad, Delhi, Mumbai, and Pune. Besides Home Loans, Loan against Property (LAP) and Balance Transfer seems to be gaining currency in terms of consumer preference.

The average LAP amount searched in Hyderabad is Rs.35 lakh, Rs.45 lakh in Delhi-NCR, Rs.50 lakh in Mumbai and Kolkata and Rs.70 lakh in Bengaluru. Similarly, the average balance transfer amount searched in Bangalore is Rs.60 lakh, Rs.35 lakh in Delhi NCR, Rs.32 lakh in Pune, Rs.40 lakh in Hyderabad, and Rs.80 lakh in Mumbai.  

Several public and private banks and other financial institutions have reduced their home loan interest rates, which in turn offers further impetus to rising consumer appetite in the home buying space. With the Reserve Bank of India keeping the repo rate unchanged at a constant 4% in its recent policy review meeting, many banks are also offering interest rates less than 7% for home loans to further catalyse the rising demand for home buying.

Magicbricks Home Loans enables property seekers avail medium to long term loans to finance their dream home. It offers cheaper, easier, and faster home loans from more than 15 banks. It also allows loan seekers to compare the best available offers and rates, gain online and offline assistance during the application process and also get a wide range of home loans including balance transfers and loan against property.

About Magicbricks

Magicbricks is India’s No.1 property site. With monthly traffic exceeding 20 million visits and with an active base of over 1.4 million+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content, and research services, which have helped us build the largest audience pool.

Hitachi Launches New Range Of Room Air Conditioners For The New-Age Consumers: ‘One For Everyone’


* Catering to the rising demand for a smart and comfort driven lifestyle, the super exciting range of ACs for 2021 is inspired by nature and company’s Japanese roots

The consumer of the new informed world has evolved and is full of energy, passion and positivity. This New Bharat’s new-age consumer aspires for innovative product offerings, leading to convenience and comfort. In its endeavor to offer ultimate ease and comfort to the consumer of the new informed world, Johnson Controls-Hitachi Air Conditioning India Ltd. has today announced the launch of its super exciting range of new-age Room Air Conditioners for 2021. Inspired by nature and its Japanese roots, the new aesthetically appealing and premium looking product lineup includes Hitachi Cooling and Heating’s first ever Ambience light which allows consumers to perfectly tune-in with their desired temperature and comfort level, a new stunning ‘iconic wave design’ that is inspired by naturally existing wave form and Hitachi’s fusion line which is inspired by the Japanese Kintsugi art. The company also introduced new airCloud Home app for its Wi-Fi enabled ACs with smart geo fencing feature and voice command and a plethora of other futuristic air conditioning products and technologies.

“Consumer is the King and we understand that consumer of the new Informed world is evolving every day and their need for NEW is changing. In our endeavor to meet demands of this aspiring consumer, Hitachi is committed to set new consumer satisfaction milestones with its best in class products and solutions. Our innovations are developed keeping consumer needs in mind, because at Hitachi ‘New begins with you’. This is the same philosophy which we are going to use in this year’s brand communication as well. We are offering a wide range of 30+ models and 90+ SKUs in Room AC category which caters to the ever-evolving need of our customers’ in both residential and light commercial spaces for their homes, villas”, said Gurmeet Singh, Chairman and Managing Director, Johnson Controls-Hitachi Air Conditioning India Ltd.

“Energy conservation is our core belief and therefore, we plan on going heavily on inverter technology to help consumers save electricity, money and environment. With Inverter Split AC models ranging between 5, 4 and 3-Star category, almost as high as 80% of our entire Split AC line up is inverter based. As sustainability has become the new norm of the informed world, almost all of our Room AC models are charged with environment friendly Green refrigerant. We are confident that the new lineup of our exciting products will certainly create a comfortable, healthy and perfectly pleasant indoor environment in Indian homes.”, Mr. Singh further added.

In its expanded product portfolio, Hitachi Cooling & Heating India offers innovations that offer unparalleled indoor experience and add comfort to the life. From premium looking, technologically advanced Room ACs, SET-FREE mini (VRF based) & Cassette models for premium residential and smaller commercial spaces, to highly efficient SET-FREE Sigma (VRF System) & latest Ductable air conditioning type models for large commercial buildings, the company offers pathbreaking products that meet everyone’s diverse requirements.

Inspired by the ever-changing seasons, company has introduced Hitachi’s first ever Ambience light in this year’s super exciting product range. Ambience light is an immersive display on the ac which allows consumers to perfectly tune-in with their desired temperature and comfort level. With the Ambience light feature, consumers can easily know their surrounding ambience ranging from cold, comfort to warm. This feature has 3 specific colors- cool blue for cool ambience, comfort green for comfort ambience and warm red for warm ambience. Ambience light offers ultimate flexibility and comfort for consumers to set their preferred ambience easily in just one glance.

Most suited to meet the cooling demands of a large room (up to 400 sq. ft), Hitachi Cooling & Heating has also launched its high capacity, heavy performing and truly powerful machines- Takeshi ACs. While, normal AC can throw air maximum at 7 mt. or so, Takeshi can throw up to 15 mt. Available in 1.7 TR / 2.0 TR / 2.5 TR & 3.1 TR., Takeshi’s one unit satisfies the cooling needs of a larger spaces perfectly, which otherwise would have required 2 normal capacity models.

In recent time with rapid urbanization going around, new constructions often have room sizes of 120 to 135 sq. ft. for which 1.5 TR model is oversized and 1 TR is undersized. To address this challenge, the company has introduced a special category of 1.25 TR, 3- & 5-Star inverter models, which fits in perfectly for this room size. This is apt for markets such as Kerala, Karnataka, Mumbai, Pune, etc. A new compact 1.0 TR outdoor unit with outstanding aesthetics and indoor spit AC unit for lower capacity AC requirements is also one of the latest additions to the new range.

For those who want something extra, Hitachi has launched a new series called the X series. We have picked the most advanced and high-tech features and technologies to curate the models of our X series for those customers who are looking for something that is priceless yet not price-conscious and delivers the best quality and performance.

Bringing the expandable inverter technology legacy of split air conditioner to window air conditioner, the new product lineup has Shizuka inverter window air conditioner range. It expands its cooling capacity when the temperature goes up in extreme summers and can work up to 52° C.

Catering to the rising demand for IoT-based products at smart homes, the company has introduced airCloud home along with its exciting range of Wi-Fi connected smart air conditioners. airCloud home allows consumers to control their air conditioner remotely through smartphone or Google Home/Alexa digital device or even voice assistant on their mobile phones.

The new product range is also powered by Hitachi air technologies to ensure all round comfort and unmatched indoor experience. The 5 unique features of Hitachi air comprise of auto coil dry technology for odour free air, wave blade design for silent air, big flow deflector for surround air, iClean+ for clean air and iFresh for fresh air.

The company is also endeavoring to promote and push ‘Made in India' ACs and aims to reduce its component imports to almost to half and increase exports three folds in the next three years. We have a large range of Inverter ACs between 3-5 Star and we plan to sell more than 75-80% of our total volume through inverter models this year.

In order to bridge the gap of accessibility of Room AC (RAC) in Tier 2 and 3 towns, the company plans on strengthening its retail outreach (10,000+ retail touch points) and introducing multiple finance schemes and warranty offers. With this new product range and brand communication for 2021, Hitachi Cooling and Heating India is set to address the inherent consumer needs and will be driven by a strong sales & marketing push across the country, brand promotion in local languages and channel advocacy. The new product line-up for 2021 is available across all leading retail stores and on leading e-commerce portals.

About Johnson Controls-Hitachi Air Conditioning India Limited:

Johnson Controls-Hitachi Air Conditioning India Limited is a joint venture company of Johnson Controls, US and Hitachi Appliances, Japan. Through this joint venture, we have combined the rich heritage and innovative technology of Hitachi with the industry-leading expertise and a global network of Johnson Controls. The partnership is aimed at addressing the cooling needs faster, smarter and much more efficiently than ever before. Our customers will stand to benefit from our world-class R&D centres, where our researchers work tirelessly to provide innovative solutions and quality products that are designed to meet every expectation. Johnson Controls – Hitachi Air Conditioning Company has global presence, out of which India unit is called “Johnson Controls-Hitachi Air Conditioning India Limited”

Johnson Controls-Hitachi Air Conditioning India Limited manufactures a wide range of products under Hitachi brand, such as room air-conditioners (Split & Window ACs) to commercial air-conditioners including Chiller, Cassette Air conditioners, Ductable air-conditioners & VRF systems. Our company is not just limited to making air conditioners but also, into trading of Refrigerators.

Johnson Controls-Hitachi Air Conditioning India Limited’s headquarter is situated in Ahmedabad, Gujarat with manufacturing plant in Kadi, Gujarat. Johnson Controls-Hitachi Air Conditioning India Limited is amongst the top air-conditioning companies in India.


Global Prime Residential Markets Register A Price Rise Of 1.9% In 2020: Knight Frank Wealth Report 2021


* Cities from Australasia, Asia and Europe dominate the top 10 best performing prime residential markets

* Global prime markets register an average price rise of 1.9% in 2020, eclipsing its 2019 performance of 1.8% 

Auckland tops the PIRI 100 list by registering an annual price rise of 17.5%. Asian cities occupy the following top spots: Shenzhen (13.3%), Seoul (11.7%) and Manila (10.2%)

* Prime property markets in Delhi (-0.1%), Mumbai (-1.5%), Bengaluru (-2.0%), register annual decline in prices in 2020

House prices are rising because of the pandemic, not despite it. According to Knight Frank’s Prime International Residential Index (PIRI 100), the global prime residential pricing has registered an increase of 1.9% year – on – year (YoY). Luxury housing markets performed better than expected in 2020, with 66 of the 100 markets featured in PIRI recording annual price growth of 2%. PIRI 100 tracks the movements in luxury residential prices across the world’s top residential markets.

Globally, Delhi ranked 72nd in terms of luxury residential prices which remained marginally lower at -0.1% YoY in 2020. Mumbai (ranked 77th) and Bengaluru (ranked 79th) registered a decline of 1.5% and 2.0% YoY respectively in prime residential prices. With respect to the PIRI 100 list, Auckland, in New Zealand tops the table by registering an annual price rise of 17.5% YoY, while Buenos Aires, in Argentina was the worst-hit city globally, down by 12% YoY. 

Kate Everett-Allen, head of international residential research at Knight Frank, said: “Expectations of second homes are increasing. With greater flexibility around remote working, owners are lengthening their stays with many now viewing them as ‘co-primary’ homes. From fast broadband to cinema rooms, gyms and A-grade technology, a second home now has a long wish list to fulfil.”

HOW MUCH SPACE CAN $1 MILLION BUY?

Monaco continues its reign as the world’s most expensive city where US$ 1 million can get you 15 square metres of space in 2020. Comparatively in Mumbai, you can purchase 106 square metres (1141 sq. ft.) of prime residential real estate, a 3.7% increase compared to 102 square meters (1100 sq. ft.) in 2019.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, “2020 has been a year that saw COVID-19 influenced slowdown not only in the real estate industry but overall, in the economy. The policy decisions by the Maharashtra and Karnataka Governments to reduce the stamp duty have acted as a counterbalance to the disruption caused by the pandemic. The luxury residential sales saw an exponential surge in Mumbai in Q4 2020 and the demand outlook for 2021 remains resilient. The current market price offers a premium value to make a luxury residential asset purchase in Indian cities for both domestic and global wealthy individuals.”

KEY DRIVER FOR PRIME RESIDENTIAL REAL ESTATE:

According to Knight Frank’s upcoming Wealth Report 2021, 26% of the Ultra High Net Worth Individuals (someone with a net worth of over US$30 million including their primary residence) globally are planning on purchasing a home in 2021, with the main desire to upgrade the main residences. Globally, the pandemic is supercharging demand for locations that offer a surfeit of wellness – think mountains, lakes and coastal hotspots. The report also highlights that 19% of India’s ultra-wealthy are considering buying a home in 2021.

Mahindra Rolls Out Krish-e Digital Era Technology Centres In Karnataka


* Krish-e - Mahindra’s new ‘Farming as a Service’ (FaaS) business kicks off a digital era in Indian agriculture.

* Offers farmers a wide variety of technology-driven services customised to crops and stages in the crop cycle.

* Leverages the power of Agronomy, Mechanisation and Digitisation to raise farmers’ income per acre of land. 

* Roll out of the first set of Krish-e centres in Karnataka to offer Agronomy, Equipment Rental and Digitisation services, supported by three farmer facing apps – Krish-e, Krish-e Rental and Krish-e Nidaan

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today rolled out Krish-e Centres in Jamkhandi, Mysore, Bijapur, Bidar and Gulbarga in Karnataka as part of Mahindra’s new ‘Farming as a Service’ business.

With the tag line – ‘Expert Takneek. Naye Upay. Parinaam Dikhaye’ – Krish-e is a business vertical that provides technology driven services which are progressive, affordable and accessible to farmers. Krish-e aims to increase farmer income through digitally enabled services, across the complete crop cycle.

These include agronomy advisory, access to advanced farm equipment rentals and new-age precision farming solutions, all focused on bringing down overall farming costs and improving crop output and consequently the farmer’s income.

In addition to Karnataka, Krish-e centres are now operational across all major states of India including Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Uttar Pradesh and Bihar.

Commenting on this historic launch, Hemant Sikka – President, Farm Equipment Sector (FES), M&M Ltd. said. “Although investments and technological innovations in agriculture have improved output levels in India, productivity and farm incomes have great scope for further improvement. At Mahindra, we want to do our part by making a difference in the way farming is done. With an increase in farmers’ incomes as the core focus, our vision is to provide technology at competitive costs to Indian farmers and thereby enable them to Rise!”

Mr. Sikka further added “We are happy that Krish-e is rolling out its centres in Karnataka in the 75th year of the Mahindra Group. Krish-e is an innovative new business vertical conceived with the idea of ushering in a new digital age of farming in India. It aims to transform the lives of farmers, by helping them adopt better more effective farming techniques powered by AI, IoT and digital solutions that are affordable and accessible paving the way for increased productivity and profitability. Through Krish-e, we at Mahindra are engaging with our farmers more deeply and creating stronger relationships.”

Ramesh Ramachandran – Senior Vice President, FES Strategy & FaaS, M&M Ltd., said, “Krish-e is already making a difference to farming outcomes through its services which amalgamate agronomy, mechanisation and digitisation. Through Krish-e, we have already impacted over 1 lakh farmers, with solutions tailored to demonstrate impact on cultivation costs, crop health and productivity. Krish-e currently has approximately 1,900 demo plots, where we work alongside farmers to showcase visible impact through a combination of agronomy inputs and advanced mechanisation solutions. Through Krish-e, we are working to create a nation of Champion Farmers.” 

Kicking off a Digital Era in Farming

Krish-e will leverage the Internet of Things (IoT) and Artificial Intelligence (AI) to benefit the farming ecosystem and bring the power of precision farming to farmers, affordably and in an accessible manner. To enable this, M&M has made strategic investments across the globe including in Resson – a Canadian predictive analytics company, Gamaya – a Swiss hyperspectral image analytics company and Carnot – an Indian AI enabled Agri IoT company.

Krish-e Precision Farming solutions use a variety of sensors and cameras on the farm, on drones, on satellites and on farm equipment to collect soil, crop and machine data. AI algorithms transform this data into user friendly and insight rich field maps, enabling farmers and agronomists to run variable rate farming operations, using intelligent machines. Such operations are already helping potato, grape and sugarcane farmers reduce their costs of cultivation and improve their yields. 

Krish-e has launched three apps to deliver advisory and rental services in a differentiated and farmer focused manner. Advisory services are crop specific and farm specific. They include a customised and dynamic crop calendar and real time diagnosis and resolution of pest & diseases.

The rental app leverages an AI powered IoT kit that tracks equipment and work performed. Targeted at rental entrepreneurs with a fleet of equipment, the kit is designed to be Plug and Play, intuitive to use and extremely affordable. Already used by almost 2,000 rental entrepreneurs, the kit increases the efficiency and profitability of rental operations.

These three apps are available as Krish-e, Krish-e Rental and Krish-e Nidaan to download from the Google Play store.

About Mahindra

The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Pandemic effect: India Pushes Forward To Upgrade Critical Care Health Infrastructure And Adoption Of World Class Medical Tech

 



The COVID-19 induced pandemic revealed major creaks in healthcare systems across the globe. In India, the void of a limited number of hospitals, debilitating medical infrastructure and restricted access to healthcare was felt the strongest for 72 years of the country’s independence. As state and central governments recognized the gaps, it can be sufficiently said that the pandemic completely changed the dynamics of the Indian healthcare ecosystem for years to come.

Ventilators and PPE kits became the face of the pandemic as the country scrambled to provide critical healthcare to its citizens. According to data from the Center for Disease Dynamics, Economics & Policy and Princeton University, India had only 48,000 ventilators at the time of the pandemic’s outbreak against the requirement for 1,50,000 ventilators. This scenario now is undergoing a major change and at a rapid pace. 

A number of domestic manufacturers like Bharat Electronics Limited (in collaboration Skanray Technologies), AgVa Healthcare (in collaboration with Maruti Suzuki Limited), MedTech Zone, Mahindra & Mahindra, Hyundai Motor India Ltd, have successfully manufactured and delivered ventilators to meet the need gap. At the same time many global players came with world class medical technology. Brands like Hamilton Medical, GE Healthcare supplied cutting edge ventilators to various health care facilities during these times. Hamilton Medical, a specialist ventilator brand from Switzerland and a world leader in ventilator technology is in the process of installing a batch of 1500 ventilators across central government run hospitals, which include the AIIMS in Gorakhpur, Bhatinda, Raebareli and Nagpur as well as many government hospitals in tier 2 towns such as Tripura, Dimapur, Dibrugarh, Imphal, Silchar and others. Earlier availability of such advanced ventilators in tier-2 towns were unheard of, making critical care infrastructure limited to metros. Philips, a global leader in health technology, recently introduced its mobile Intensive Care Units (ICUs) for India

In the 2021 Union Budget of India, the government announced a 137% increase in healthcare spends, with the goal to address the long pending need to grow more on health as a percentage of the GDP. This additional spend is envisaged to go towards all round upliftment, from vaccination, to preventive health and to augment the national medical infrastructure with specific focus on critical care. 

Already, some progress has been made. Through the pandemic period, India progressively saw growth in the number of ICU beds, number of ventilators and oxygenated beds. As per the Ministry of Health & Family Welfare in April 2020, India’s ICU bed count stood at 27,360. By January 2021, this had increased to 36,008. The country’s oxygenated  bed count rose by over 152% in the same period. The Central government procured a total of 38,867 ventilators at a cost of Rs 1,850.76 crore for distributing among the States and the Union Territories.

Dr. Debendra Kumar Tripathy, Additional professor (Dept of Anesthesiology and Critical Care) and Vice Dean (Innovation) at AIIMS, Rishikesh says, “In the pre-Covid era India was severely lacking ventilators, monitors and trained manpower to run critical care facilities. This pandemic has been able to draw the attention of healthcare policymakers towards the need for more intensive care units. Many states have today grown their ICU infrastructure 2 to 3-fold and in cases even 5 to 7 fold. Even district headquarters have better infrastructure and trained manpower today. At AIIMS Rishikesh we expanded the critical care capacity from just one ICU to now 7 ICU’s during the pandemic. Today, after the reduction in pandemic related patient load these ICUs are being utilized to provide tertiary care to routine patients.”

The pandemic set forth a global crisis for the critical care manufacturing sector. There was global shortage of ventilators as countries scrambled to upgrade their healthcare infrastructure. The disruption created by the pandemic in the global supply chain added to this challenge. Due to the worldwide spread of coronavirus, exports of medical equipment including ventilators came to a halt. The situation was so taxing that as many as fifty-four countries stopped exporting medical goods including ventilators.

Speaking on the importance of delivering critical care support to critical patients, Dr. Vasudevan, HoD JIPMER, Puducherry said, “We had a good infrastructure in place until the pandemic struck.  Suddenly, ventilators became crucial equipment to maintain patients' conditions. We had to ramp up our facilities and we received ventilators under PM cares program. These were both home-grown and some from international companies. However, to run this equipment is a challenge and some of these especially the imported ventilators were based on Artificial Intelligence and automated functioning. This made it easy for us to monitor patients.”

COVID-19 in essence proved to be a disruptor of India’s healthcare sector by pushing it for its much-needed crucial upgrades and pivotal implementation. The progress of Critical care infrastructure is now not only taking place in metro cities but also expanding to 2-3 tier cities.  However, with that came the challenge of finding trained healthcare professionals to manage and operate many ventilators at a time. That is where advanced technological interventions and expertise in manufacturing becomes pivotal. 

The onus now lies in ensuring effective critical care management and infrastructure is present in every scale of government, public and private healthcare setups. India needs to move beyond minting doctors and building hospitals. It is essential that doctors and hospitals are equipped to deliver healthcare using advanced tools. 

Meditronic Launches Tyrx Envelope In India: An Innovative Solution To Stabilize And Help Reduce Infections Associated With Cardiac Implants


India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE:MDT), today announced the launch of the TYRX™ Absorbable Antibacterial Envelope (TYRX Envelope) - an absorbable, single-use, antibacterial envelope designed to stabilize a cardiac implantable electronic device (CIED) or implanted neurostimulator while releasing antimicrobial agents over a minimum of seven days.[ii] Constructed from a multifilament, knitted absorbable mesh, the TYRX Envelope holds the CIED device and is fully absorbed by the body approximately nine weeks after implantation.[iii] It can be used with any implantable defibrillator, pacemaker, or neurostimulator.

Annually in India, 50,000 people with heart conditions receive a CIED, such as a pacemaker or implantable cardioverter defibrillator (ICD), to help manage abnormal heart rhythms.[iv] As with any surgical procedure, there is risk for infection due to bacteria being introduced at the time of implantation. Current standard of care for CIED infection treatment includes complete system removal/replacement and prolonged antibiotic therapy.

“We strive to offer products and services of the highest quality that deliver clinical and economic value to patients and physicians. TYRX is one such value-based offering aimed at lowering infection risk and reducing readmission rates with the long-term goal of creating better outcomes,” said Abhishek Bhargava, director, Cardiac Rhythm Management, Cardiac Ablation & Diagnostics at Medtronic India. “Medtronic’s vision remains anchored on introducing innovations that continue to alleviate pain, restore health and extend life.”

CIED infections occur in 1-4%[v] of all CIED patients and are associated with substantially increased morbidity, mortality, and cost.[vi] Results from the landmark Worldwide Randomized Antibiotic Envelope Infection Prevention Trial (WRAP-IT)1 demonstrated the TYRX Envelope reduced the risk of major infection by 40% in patients with CIEDs, and reduced pocket infections by 61%, when used as an adjunctive therapy in addition to standard-of-care infection prevention strategies for patients at higher risk of infection. Further, it did not increase the risk of procedure-related or system-related complications through 12 months. The study enrolled approximately 7,000 patients, from 181 centers in 25 countries in Asia, Europe, North America, and South America.

The study population included patients receiving an initial cardiac resynchronization therapy defibrillator (CRT-D); and patients receiving a replacement, system revision or generator upgrade of an existing pacemaker, cardiac resynchronization therapy-pacemaker (CRT-P), implantable cardioverter defibrillator (ICD) or CRT-D. Patients with diabetes, previous history of infection, renal failure, and/or congestive heart failure also are at higher risk for CIED infections.

The TYRX Envelope was cleared by the FDA in 2013 and received CE Mark in 2014.

In 2019, the European Heart Rhythm Association (EHRA) issued an international consensus document on how to prevent, diagnose and treat CIED infections. The TYRX Envelope is recommended for the WRAP-IT study population and patients with other high-risk factors as outlined in the document.

About Medtronic

Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

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