FRAI Karnataka Appeals To The Prime Minister To Order Recall Of Proposed Amendments In COTPA Law

 

* Small retailers are already reeling under the aftermaths of the COVID pandemic and this fresh attack will be devastating for their families

* Around 2 lakh micro and petty retailers to lose substantial incomes and suffer harassment in the state of Karnataka

* India already has the toughest tobacco regulations in the world and an overkill in the pandemic period is very insensitive

Federation of Retailer Association of India(FRAI), a representative body of about 4 crore micro, small and medium retailersfrom across the country with membership of 34 Retail Associations from Northern, Southern, Eastern and Western part of the country, today appealed to the Prime Minister Shri Narendra Modi Ji, to intervene and order a recall of the proposed 2020 amendments in the COTPA law which threaten to further attack the livelihoods of petty retailers selling tobacco and related products across India.

FRAI Karnataka Chapter today staged a protest and has also appealed to Sh. B. S. Yediyurappa, Hon’ble Chief Minister of Karnataka to save the interests and livelihoods of around 2 lakh micro retailers and 10 lakhs dependants in the state who sell multiple products to earn a meagre sum to look after their families and save them from the potential harassment.  

FRAI represents the interests of the poorest of the poor in the country and raise issues which impact their employment opportunities and also render help to such people who are unable to express their views.FRAImembers sustain their livelihood by selling goods of daily needs which are demanded by general public like biscuits, soft drinks, mineral water, cigarettes, bidi, pan etc. in the neighbourhood. The profit of these micro retailers in selling these essential products works out to about Rs 15,000 per month which is barely adequate to feed two square meals a day to their family members.

The Coronavirus triggered lockdowns and economic destruction has further damaged the economic condition of small retailers and any further adverse policy which destabilizes their business activity will be devastating. FRAI and its member organizations from all over the country are disturbed by the undemocratic amendment of CoTPA bill 2020 proposed by the Ministry of Health, which disallows retail sale of loose sticks of cigarettes, prohibits sale of tobacco products persons below 21 years, put controls on in-shop advertising and promotion amongst others, as they seemed to be aimed at destroying the business for the smaller retailers without impacting large retailers. 

Speaking on the issue, ShriMurali Krishna, Member Federation of Retailers Association of India, and President, Karnataka State Small Beedi Cigarette Retailer Association, said “We humbly appeal for the Hon’ble Prime Minister’s empathy and request him to instruct the designated ministry to immediately roll back the proposed COTPA amendments as they are extremely harsh. By making age old trade practices like selling loose cigarettes a cognizable offence and an imprisonment of 7 years for small violations makes small traders look like heinous criminals. Compared to a 2-year imprisonment for extortion or for dangerous driving that can cause death, this is the extreme of the extremes. This puts paan, bidi and cigarette sellers in the same crime list category as a person voluntarily throwing acid on someone or causing death by negligence etc. How can anybody be so insensitive while drafting the amendment towards poor, marginalized people who are struggling to earn their daily living?”

“Already India has the toughest tobacco control laws in the world which has led to degrowth in legal tobacco consumption. Current laws have only helped illicit and smuggled cigarettes to grow benefiting anti-social elements. Then why these extra harsh tobacco control measures have become more important than other health issues like fighting deadly diseases such as coronavirus, diabetes, obesity, mental health, and diseases caused by rising air pollution etc. Unlike Coronavirus, policy changes like these are totally in the hands of our policy makers and should be given a serious human consideration. Today, we feel victimized and targeted as a community and plead for the mercy of Modi Ji”, he added. 

Increase of area within which tobacco products cannot be sold from 100 yards of an educational institution to 100 metres of an educational institution. Refuting the proposal, ShriMurali, said, “Our members provide various products to consumers based on the necessities. The tobacco products such as cigarettes and bidis are also included in the products offered by our members. As per law, we do not sell tobacco products to minors. In a congested and heavily populated cities, such a restriction is impractical. Petty retailers will have to vacate their place without any means to support their livelihoods. Moreover, if a new educational institution will come up within 100 metres of the retailer’s location and he will again be asked to move”.

The suggested amendment prohibits sale of tobacco products persons below 21 years (earlier this was 18 years). In India, an 18-year-old person can cast his / her vote to elect government of choice, get a driving license. But it is draconian, that same person cannot exercise their choice when it to comes to buying a tobacco product, which is sold legally. The existing law already prohibits sale of cigarettes to minors, so there is no cause for concern that persons who do not understand implications are buying tobacco products.

The petty retailers also request exemption for any such licencing requirement under the proposed amendment. A poor and uneducated small shopkeeper which barely manages two square meal a day, will have to struggle to get a license, and not only that, will also have to struggle to renew it every year. Perpetual harassment will increase under the guise of administrative control. This will not only increase the cost of doing business, but at the same time it will lead to corruption & harassment of the millions of small shopkeepers in the country.

FRAI believes that few NGOs who work for foreign companies are constantly pressurizing the government to enforce unfair and unimplementable laws against small shopkeepers. These policies are helping big foreign and ecommerce companies at the cost of business of petty retailers.

FRAI and its members requests the Government of India to be practical and equitable, especially for the lowest socio-economic strata of society who are already struggling to make two ends meet and not impose such harsh, arbitrary and unreasonable restrictions on our right to trade and livelihood. 

CSS Corp Wins 2021 BIG Innovation Award For Its Indigenous Intelligent Automation Platform, Contelli

CSS Corp, a new-age IT services and technology support company, today announced that it has been named a winner in the 2021 BIG Innovation Awards in the best products category by the Business Intelligence Group (BIG) for their homegrown platform, Contelli.

CSS Corp’s Contelli enables enterprises to unlock the full potential of their IT infrastructure with a business-first transformation approach, powered by cutting-edge cognitive technology. It is a one-of-its-kind advanced AIOps platform that harmonizes, automates, and modernizes every aspect of infrastructure operation. It drives self-provisioning and self-healing infrastructure, on-demand capacity management, algorithmic operations, proactive security threat prevention, predictive analytics through advanced pattern matching, and cost analysis and optimization. Contelli is incredibly flexible to modern enterprises' needs as it can work in multi-cloud, on-premise, hybrid, and multi-technology ecosystems. The platform is highly modular to be tailored to suit any client environment. The solution has proven to be a key driver for operational excellence, process efficiency, and resource optimization for CSS Corp’s customers.

“Being recognised by the Business Intelligence Group reinforces our deep expertise in effectively manging enterprise and IT operations ecosystems. Our solutions are built with a focus to drive business outcomes for our customers and transform their challenges into opportunities. This recognition is a testimony to our constant effort in delivering winning results for our clients. Our focus on improving customer engagement has helped us innovate and adapt to changing industry trends and seamlessly meet customer needs through our technology-driven solutions”, said Manish Tandon, Chief Executive Officer, CSS Corp.

“Not only innovation allows organisations to stay relevant in the market, but also helps humanity to progress by making our lives more productive, healthy and comfortable. We are thrilled to be honouring CSS Corp, as they are one of the organizations leading this charge and helping humanity progress”, said Maria Jimenez, chief operating officer of the Business Intelligence Group.

Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

About CSS Corp

CSS Corp is a new-age IT services and technology support company that harnesses the power of AI, automation, analytics, cloud, and digital to address customer needs. The company partners with leading enterprises to help realize their strategic business outcomes. Its team of 8,000+ technology professionals across 18 global locations is passionate about helping customers differentiate and succeed. www.csscorp.com

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. 

Nutrify India Plans To Mark International Health And Nutrition Journalist Day On Feb 5,, 2021

Nutrify India has decided to justifiably recognize the efforts of health and nutrition journalists who have been a substantial catalyst in shaping the nutraceutical sector globally. Nutrify India will celebrate their first anniversary on 5th February, 2021 as an International Health and Nutrition Journalist Day. With a commitment to enable and empower India to become a leader in nutraceuticals they continue their endeavour to focus on the health and nutrition of journalist. For each success that this industry gains, it leads to celebration and growth, but in the journey of success, health and nutrition journalists are often ignored. Health and nutrition journalists play a critical role in creating an ecosystem that connects this industry.

The nutraceuticals industry is grappling with its own challenges in rectifying the various loopholes in the system. Along with the support extended by ministries and policymakers, the community of journalists also works towards ensuring a balance in the industry. They act as a vital link that churns out stories that can throw clear impressions of the progress of the ongoing developments. Through impeccable journalistic standards they have shaped the nutraceuticals sector not only India but globally as well.

India is considered as the foundation of nutrition, primarily in Ayurveda. India has the presence of a large number of botanical gardens in the world with 52 agro-climatic zones. Ironically, the substantive business of nutraceuticals, medicine ingredients and nutrition science are currently driven by countries other than India. India has a long way to go in structuring nutraceuticals as a dominant industry. The struggle of this sector ranges from ministry-related in competencies across health, food processing and Ayush campaigns. India constitutes only 2% of the global nutraceutical industry.

India has been recognized as a rapidly growing nutritional market with a stable demand for innovation due to its unique advantage of the availability of raw materials. Globally, a consumer’s daily diet consists of nutraceuticals thereby making this industry a very significant one. This domain has proved to have tremendous scope owing to aging population and rising healthcare costs. The Indian government is providing a critical thrust to Ayurveda which will further boost this sector. There are various competitive advantages that this industry can overcome with strong innovations that can lead to leveraging growth opportunities. India’s strong presence in the export market makes them a fierce contender in the global nutraceuticals market. 

University of Southern California And Amazon Establish Center For Secure And Trusted Machine Leaning

USC and Amazon today announced they are creating a joint research center focused on development of new approaches to machine learning (ML) privacy, security, and trustworthiness. The Center for Secure and Trusted Machine Learning, which will be housed at the University of Southern California’s Viterbi School of Engineering, will support USC and Amazon researchers in the development of novel approaches to privacy-preserving ML solutions. 

The expectation is that the center will unleash a new line of fundamental research on privacy and security aspects of machine learning – a timely and critical effort given the proliferation of artificial intelligence across all aspects of society from education to finance, transportation, healthcare, and many others.

Each year, the center will provide support for research projects focused on the development of new methodologies for secure and privacy-preserving machine learning solutions that can scale to support billions of users. In addition, the center will provide annual fellowships to talented doctoral students working in this research area, enabling them to advance research frontiers. Fellowship recipients will be named as Amazon ML Fellows in recognition of their promise and achievements. These fellowships will give students greater understanding of industry and solution-driven research.

“Developing solutions to protect our data requires cutting edge advances.  I am pleased the USC-Amazon center will build a platform based on a shared commitment to advancing understanding and developing solutions,” said USC Provost Charles F. Zukoski. “The center reflects the important role that our university has in society, as a leading research institution, in promoting the advancement of scholarship and technology.”

“At Amazon, our mission is to be Earth’s most customer-centric company,” said Prem Natarajan, Alexa AI vice president of Natural Understanding. “For us, customer trust is of paramount importance. And that means maintaining the highest possible standards of security and privacy when handling customer data.  We are delighted to bring together top talent at Amazon and USC in a joint mission to drive ground-breaking advances in privacy and security preserving machine learning – advances that enable us to continue to safely and securely deliver experiences that enrich and delight our customers worldwide.”

In addition to funded research projects and annual fellowships for doctoral students, the collaborators will host an annual joint public research symposium to share their knowledge with the machine learning and AI communities. Amazon and USC will also host annual workshops, and training and recruiting events for university and high school students.

“We are delighted to partner with Amazon in establishing the Center for Secure and Trusted Machine Learning at the USC Viterbi School of Engineering. Creating such mutually beneficial partnerships between academia and industry will help guide the development of a field as important and as rapidly changing as machine learning and artificial intelligence. Enhancing the security and trustworthiness of these powerful technologies is a necessity and a grand challenge-type problem. We eagerly anticipate the results of this new collaboration,” said Yannis C. Yortsos, dean of the USC Viterbi School of Engineering.

Salman Avestimehr, professor and director of the Information Theory and Machine Learning research lab at USC Viterbi and an Amazon Scholar, will be the inaugural director of the center.

“The USC-Amazon center provides an exciting opportunity, through close university-industry collaboration, to study trust and security. Through the center’s Amazon ML Fellows program, we can also recognize our exceptional PhD students and further the impact of their research through collaborations with Amazon,” says Avestimehr.

The new center is expected to leverage talent and scholarship across Amazon and USC Viterbi, particularly the Ming Hsieh Department of Electrical and Computer Engineering, the Department of Computer Science, and the school’s leading research institutes, such as the Information Sciences Institute.

About USC Viterbi School of Engineering

Engineering began at the University of Southern California in 1905. Nearly a century later, in 2004, the school was named the USC Viterbi School of Engineering, honoring alumnus Andrew J. Viterbi, inventor of the Viterbi algorithm, a key to cell phone technology and numerous data applications. The school is consistently ranked among the top engineering programs in the world. It enrolls more than 7,000 undergraduate and graduate students, taught by 188 tenured and tenure-track faculty, with more than 90 endowed chairs and professorships. The school offers comprehensive programs in all major areas of engineering, from aerospace and astronautical engineering, to biomedical, chemical, civil and environmental engineering, to computer science and materials science, and to electrical engineering, industrial and systems engineering and mechanical engineering. With annual research expenditures exceeding $207M, the school is home to the Information Science Institute and more than 45 other research centers. Its more than 50,000 alumni span the globe. USC Viterbi is also home to the pioneering distance learning program DEN@Viterbi, ranked as the top such program in the nation the last two years. USC Viterbi is the only engineering school in the nation with three top-10 USNWR rankings: Best Graduate Schools, Best Online Graduate Engineering Programs, and Best Online Information Technology Programs.  

Keysight’s End-to-End Open RAN Solution Portfolio Drives Performance Reliability and Innovation in Multi-Vendor 5G Networks

Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, has introduced a suite of end-to-end solutions that enables an ecosystem of Open Radio Access Network (O-RAN) vendors and mobile operators to verify interoperability, performance, conformance and security of multi-vendor 5G networks based on O-RAN standard interfaces.

Many mobile operators are deploying cloud-native and virtualized radio access network (RAN) architectures based on specifications set by the O-RAN Alliance to deliver 5G services. The transition towards multi-vendor networks introduces interoperability and performance complexity. End-to-end testing, from the edge of the RAN to the 5G core (5GC), as well as from early pre-silicon development to system integration, ensures performance levels are met. Comprehensive testing across a heterogeneous network enables vendors to extend the capabilities of their designs and mobile operators to deliver solutions that support innovative service offerings.

“Vendors of radio units (O-RUs), distributed units (O-DUs), central units (O-CUs) and RAN Intelligent Controller (RIC) need integrated, virtualized and cloud native solutions to validate performance, establish interoperability between network elements and ensure compliance to the latest O-RAN and 3GPP specifications,” said Giampaolo Tardioli, vice president and general manager for Keysight’s network access group. “Keysight’s end-to-end open RAN solution portfolio enables this ecosystem to verify components across every level of the protocol stack, ensuring that subsystems perform as expected and cohesively.”

Keysight’s Open RAN Architect (KORA) offers integrated solutions that accelerate the development, integration and deployment of O-RAN-compliant equipment. The suite is tailored to the supply chain workflow consisting of chipset makers, network equipment manufacturers (NEMs), mobile operators and Open Test and Integration Centers (OTIC). Users can uniquely access a common set of solutions to simplify the sharing of results across the workflow from pre-silicon to cloud deployments.

Keysight joined the O-RAN Alliance shortly after its inception. Early engagement with key industry stakeholders has resulted in broad and deep expertise in the O-RAN standards. As editor of the O-RAN fronthaul conformance test specifications in the O-RAN Alliance, Keysight’s continuous contributions to the development of the O-RAN standards is enabling the industry to verify compliance of O-RUs and O-DUs to O-RAN specifications using approved O-RAN test cases. As the liaison of the O-RAN Alliance Security Task Group, Keysight is helping to drive industry efforts that address security in open RANs.

Keysight’s Open RAN Architect (KORA) includes Open RAN Studio, UeSIM, RuSIM, CoreSIM, DuSIM, CuSIM, RIC Test, ATI Pentest, CyPerf, Breaking Point, Vision Edge, IxNetwork, CloudPeak, and Nemo Outdoor.

The portfolio covers both 3GPP and O-RAN testing and is segmented to support the following key stakeholders:

* Keysight Open RAN Architect (KORA) – Chip Designer Suite

Enables chipset vendors to verify compliance of O-RAN designs to O-RAN specifications using O-RAN simulation tools prior to tape out, reducing development time.

* Keysight Open RAN Architect (KORA) – NEM Suite

Enables open RAN hardware and software vendors to verify compliance to O-RAN specifications and interoperability, ensuring each function integrates as expected into a multi-vendor open RAN.

* Keysight Open RAN Architect (KORA) – Operator Suite

Enables mobile operators to verify conformance, interoperability and performance of subsystems that drive new 5G service revenue opportunities.

* Keysight Open RAN Architect (KORA) – OTIC Suite

Enables OTICs to validate conformance, interoperability and performance using tools that adhere to the O-RAN specifications with thorough, repeatable and automated processes.

Additional information regarding Keysight’s Open RAN Architect suites and solutions are available at:

www.keysight.com/find/ORAN

About Keysight Technologies

Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world. Keysight's solutions optimize networks and bring electronic products to market faster and at a lower cost with offerings from design simulation, to prototype validation, to manufacturing test, to optimization in networks and cloud environments. Customers span the worldwide communications ecosystem, aerospace and defense, automotive, energy, semiconductor and general electronics end markets. Keysight generated revenues of $4.2B in fiscal year 2020.

ThoughtWorks Launches First ‘Looking Glass,’ Bringing The Technology-LED Changes Impacting Business Into Focus

ThoughtWorks, a global software consultancy, today released Looking Glass, a guide to the critical technology-driven shifts set to shape business in 2021 and beyond. The report, which incorporates five-years of internal strategy and experiences from real-life client work, offers industry leaders a rare glimpse into how ThoughtWorks keeps the businesses they advise at the forefront of technology and innovation.

"Looking Glass is rich in insight and advice that will allow any business, from any industry, to look ahead at the technology trends impacting customer behavior and the tools driving enterprise growth," says Dr. Rebecca Parsons, chief technology officer at ThoughtWorks. "ThoughtWorkers have been successfully leveraging these technology lenses for our own business and for the many clients we serve. Today we are excited to invite business leaders from across the globe to peer into the Looking Glass alongside us."

Looking Glass identifies over 120 individual trends separated into six 'lenses' of focus for 2021, collectively giving businesses from all industries tools for success that extend beyond typical specified trend reports. Notably, ThoughtWorks offers a new interpretation of the term 'hostile tech,' which is commonly associated with criminal activity such as ransomware, data theft and computer viruses. Instead, hostile tech by this report's definition can encompass not just criminal tech, but also use cases like advertising and customer targeting, and isn't always malicious or intended.

"These are turbulent times with businesses facing more uncertainty than ever and increased pressure to rapidly digitize," said Julie Woods-Moss, chief marketing officer at ThoughtWorks. "Unlike traditional trends forecasts, Looking Glass gives businesses the actual tools and actionable insights needed to succeed in the coming year, but these principles are also crucial for long-term business planning. Looking Glass helps industry leaders cut through the noise of tech trends and focus on what is actually critical to business success."

The six lenses in this first-of-its-kind report are:

Humanity, augmented: Powerful new data-based tools are revolutionizing the way businesses make decisions and deploy talent, with broadly positive results. But these technologies also come with ethical and organizational challenges that responsible enterprises need to bear in mind.

Accelerating towards sustainability: As consumers, governments and investors demand greater environmental accountability from companies, going green has gone from optional to a business imperative. Technology will present both challenges and opportunities in the drive to embed sustainability in more activities and practices.

Evolving interactions: Consumers aren't just demanding availability and accessibility — they expect interactions to be seamless, and richer. Enterprises can deliver this experience through evolving interfaces that blend speech, touch and visuals.

Morphing of the computing fabric: The boundaries of computing are expanding, pushing the edges of what's possible for enterprises. The emerging computing environment not only provides the opportunity to tap into unprecedented data analysis and processing power, but also to structure computing architecture to better serve the needs of the business.

Coopetition forces platforms into ecosystems: The platforms created by businesses are increasingly only a starting point. Meeting rising customer expectations often requires joining up with or being open to other participants, turning platforms into ecosystems of related products and services that evolve dynamically as constituents cooperate and compete.

The expanding impact of hostile tech: 'Hostile' technology is commonly associated with criminal activity such as ransomware, breaking into a system to steal data or creating computer viruses — but this misses the complete picture. The landscape is evolving in a way that the definition of hostile tech should be broadened to include legal, even widely accepted, acts which ultimately threaten societal well-being.

ThoughtWorks' Looking Glass will be updated on an annual basis, to keep pace with the constant shifts in technology priorities and applications for businesses. Visit ThoughtWorks.com/insights/business to stay up to date with the latest business and industry insights for digital leaders.

About ThoughtWorks

We are a software consultancy and community of passionate purpose-led individuals, 7,000+ people strong across 46 offices in 15 countries. Over our 25+ year history, we have helped our clients solve complex business problems where technology is the differentiator. When the only constant is change, we prepare you for the unpredictable.

HSIL Delivered Strong Revenue Growth Of 10.8% And EBIT Growth Of 65.9% On Y-o-Y

 HSIL Limited, India’s leading packaging and building products manufacturing company, today announced its financial results for the third quarter ended on December 31, 2020.

Financial Performance Highlights: Q3 FY2021

* Total income of ? 548 crore, growth of 10.8% on Y-o-Y basis

* EBITDA of ? 101 crore, growth of 35.5% on Y-o-Y basis with EBITDA margins of 18.4%

* EBIT of ? 70 crore with EBIT margins of 12.7%

* Net profit of ? 36 crore with margins of 6.6%

Q3 FY2021 Results Update:

Total income for the third quarter of FY2021 was ? 548 crore compared to ? 494 crore in the same quarter last year, a growth of 10.8% on Y-o-Y basis. Despite the ongoing Covid-19 crisis, sales rebounded successively in the third quarter driven by improved average realizations, improved product mix and a strong recovery in volumes underpinned by robust demand from alcoholic beverage industry. Packaging Products reported Revenue from Operations of ? 361 crore, a growth of 15.2% on Y-o-Y basis while Building Products reported Revenue from Operations of ? 179 crore, a growth of 29.8 % on Y-o-Y basis.

HSIL reported EBITDA of ? 101 crore with EBITDA margins improving to 18.4% as compared to 15.0% in Q3 FY2020. The margin improvement was driven by improved capacity utilization levels coupled with optimized sourcing of key raw materials. Adjusted PAT margins were 6.6% in Q3 FY2021 as compared to 3.2% in Q3 FY2020 and 5.0% in Q2 FY2021. The income tax writebacks of ? 14.7 crore in Q2 FY2021 resulted in higher profit after tax during that period.

During the quarter, Company also completed the Buy Back of 7.59 million shares for an amount aggregating to ? 63.9 crore. The Company has utilized 91.32% of the maximum Buy Back Size excluding the transaction costs, as per regulatory provisions.

Business Vertical Performance: In Packaging Products, sales recovered very well with volumes driven largely by beer, food & beverage industry. Due to optimized sourcing of key raw materials and higher capacity utilization, EBIT margins improved to 17.6% in Q3 FY2021 from 14.2% in Q3 FY2020. During the quarter, 46 new products were developed, and 13 new products were also commercialized. In Building Products, post Covid-19 lockdowns, all the plants are now operational and the capacity utilization levels have improved sequentially.

HSIL maintained its focus on Packaging Products Business and the segment saw sales volumes growth during the quarter, reflecting consumers’ preference for quality and sustainable packaging alternatives. The Company also aligned its operations to navigate successfully in the challenging environment and was able to generate strong results with the expectation of benefiting from operational efficiencies and cost reduction efforts in the longer run.

Commenting on the quarterly results, Mr. Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said, “For the quarter under review, HSIL Limited has delivered excellent results on the back of higher capacity utilization, operational efficiency and cost optimization measures resulting in resilient margins. Our Glass business continues to accelerate, while Building Products Division reported another strong quarter of sustained growth.”

Given the strong demand and better opportunities in the glass packaging market, the company plans to invest ? 220 crore to manufacture high margin specialty glass with a manufacturing capacity of 150 tonnes per day which will be completed within next 18 months.

About HSIL Limited:

HSIL Limited is India’s leading Packaging Products Company that manufactures and markets various packaging products, including glass containers and Polyethylene Terephthalate (PET) bottles, products & security caps, and closures. Packaging Products Division has six plants in India, located across Telangana, Uttarakhand, and Karnataka. This Division has a comprehensive product range, catering to 500+ globally acclaimed institutional clients in India. The company’s Building Products division primarily comprises the manufacturing of sanitaryware, faucets, and plastic pipes and fittings and has five plants spread across Haryana, Rajasthan, and Telangana.