NSDC Onboards WhiteHat Junior As New Training Partner In India

* The partnership aims to build capacity of Coding Trainers across the country

* 12,500 Coding Trainers to be trained in three-years

* Will enable teaching Coding to millions of school children

National Skill Development Corporation (NSDC), India’s apex facilitator of skill development and vocational training for India’s youth, has empaneled WhiteHat Jr, a leading live one-on-one online learning platform, as its training partner to accelerate Skill India Mission. WhiteHat Jr, through this partnership, will contribute towards significantly increasing the talent pool of qualified coders to teach coding to children across the country.

NSDC, a public-private partnership organization, is tasked with carrying out initiatives that lay emphasis on training Indian youth in market-ready skills. With the advent of Industry 4.0, the demand for skilled workers is witnessing a surge in areas like Coding, Automation, Artificial Intelligence, Internet of Things (IoT), and Robotics. The New Education Policy (NEP) 2020 has laid emphasis on the introduction of vocational education and digital / IT-related skills in schools.

Whitehat Jr is one of the largest kids coding platforms in the country, encouraging IT learning and coding amongst students to prepare them for the new-age world. The partnership will encourage promoting learning and upskilling of teachers for the ecosystem. 

"WhiteHat Jr was established with the vision of making every child a creator versus a consumer of technology in the digital age. By partnering with the esteemed NSDC, we will enable this vision to come to life for every child in India through creating a network of trainers in the last mile of the country," said Karan Bajaj, Founder and CEO, WhiteHat Jr. 

Commenting on the partnership, Arun Pillai, Chief Strategy Officer, National Skill Development Corporation said, “NSDC’s endeavor is to work with world-class organizations to make available their training capacities, knowledge and innovation to the ecosystem of learners in the country. We believe our partnership with WhiteHat JR will help a larger group of students acquire skill sets in emerging technologies. This will enable them to effectively participate in the fast-changing economic and social spheres of life.”

About National Skill Development Corporation

National Skill Development Corporation, working under the aegis of the Ministry of Skill Development & Entrepreneurship, is a unique public-private-partnership that aims to catalyze the creation of a quality vocational training ecosystem in India. Since its inception in 2010, NSDC has trained more than 2.5 crore people through its partnership with 800+ training partners, 11,000+ training centers spread over 700 districts across the country. NSDC has established 36 Sector Skill Councils and is implementing Government’s flagship skill development schemes such as Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Pradhan Mantri Kaushal Kendra (PMKK), National Apprenticeship Promotion Scheme (NAPS), among others.

About WhiteHat Jr

WhiteHat Jr has been launched with the singular mission of empowering kids to become creators versus consumers of technology. The company has channeled students’ natural creativity through an engaging curriculum and personalized, live teacher attention. WhiteHat Jr’s 11,000+ strong teacher workforce conducts thousands of LIVE Coding, Math and Music online classes every day on its proprietary platform.  Cumulatively, the company has conducted more than 8.5 million classes to date.

Godrej Appliances Supports India’s Fight Against COVID, Counters Vaccine Hesitancy By Incentivizing Vaccinated Customers

* Taking a step towards countering vaccine hesitancy, offers a 6-month extended warranty free, on purchase of a Godrej appliance, to customers who have taken at least one dose of Covid Vaccine

* Cold chain partner to the ongoing Covid Vaccination Drive in India, the brand has offered India world class technology like Ultra low temperature Freezers for vaccines.

* Has been offering durables that offer greater safety and health assurance like India’s first Washing Machine providing more than 99.99% disinfection against Covid-19 virus, ACs with virus disinfection feature, UVC disinfecting device Godrej Viroshield for surface disinfection against Covid 19

Speedy vaccination is the single biggest weapon in our arsenal to fight the Covid battle and safeguard ourselves, our families, and our country. India has administered over 27 crore doses of the anti-Covid vaccine so far, according to official data from the Ministry of Health and Family Welfare. That is still less than 5% of our population. Ground reality reflects a significant challenge of vaccine hesitancy. If India has to win over the deadly virus, people need to be encouraged to be vaccinated.

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business, Godrej Appliances has introduced an innovative campaign to encourage people to take jabs. They have introduced a one-of-its-kind special offer of 6 months extended warranty free on purchase of all Godrej Appliances, across all channels, for customers who have received at least one covid-19 vaccine dosage. The idea is simply to associate vaccination with greater positivity and applaud those who are setting the right example for our larger communities. The offer which is valid till 22nd August 2021 is available on all B2C Godrej Appliances.

Commenting on the issue of vaccine hesitancy Padma Shree Presidential Awardee and Dr. B. C. Roy Presidential Awardee, Doctor Prof. Sanjeev Bagai; Chairman, Nephron, said, "Taking vaccination is of paramount importance as it provides much needed protection from the virus. Vaccination is a critical tool in the fight against the virus, and we firmly believe that people should not be hesitant to get vaccines. To overcome this, confidence and trust needs to be built amongst them, in addition aggressive public awareness needs to be driven."

Commenting on the initiative, Kamal Nandi – Business Head and Executive Vice President – Godrej Appliances, said, "As a responsible brand and cold chain technology partner to India’s Covid vaccination drive, we understand that the only way to defeat the Covid-19 pandemic is to take all necessary precautions and get vaccinated at the earliest. However, vaccine hesitancy remains a very real barrier in this drive and we are witnessing it at close quarters. We therefore decided to take tangible action.  Thanking those who are countering this vaccine hesitation by getting themselves and their loved ones vaccinated thus  encouraging others to do the same, we have launched this thoughtfully crafted 6 month extended warranty free, on purchase of any of our B2C products, to customers who have taken atleast one dose of Covid vaccine. Our trade partners and customers have welcomed this initiative whole heartedly. It’s a small measure from our end in this fight against Covid-19. #Let'sWinWithVaccination."

Godrej Appliances, a business of Godrej & Boyce one of India’s leading conglomerates known for its commitment to nation, has always strived to offer relevant technologies suited to Indian consumer needs, especially during these unprecedented times. This is evident from the many product offerings the brand has launched in the recent past, where it has been an active contributor to Covid vaccination drive with medical refrigerators that helps to protect the Covid vaccines at the right temperature, launched India’s first range of Washing Machines tested to provide more than 99.99% disinfection against Covid-19 Virus and Godrej Viroshield, a disinfectant device that has been certified to disinfect 99.99% Covid-19 virus in just 2 minutes.

About Godrej Appliances

Godrej Appliances, a business unit of the highly diversified Godrej & Boyce Mfg. Co. Ltd. is one of the leading Home Appliances players in India. Godrej was the first Indian Company in 1958 to manufacture Refrigerators and has since then, expanded its portfolio across many other categories like Washing Machines, Air Conditioners, Microwave Ovens, futuristic Thermo-electric cooling solutions, Air Coolers, Deep Freezers, highly specialized Medical Refrigerators and more recently, UVC Technology-Based Disinfecting devices and Dishwashers, all powered by the driving philosophy of 'Things made thoughtfully’/ ‘Soch Ke Banaya Hai’. 

This thought extends from human-centric design to planet centric design. Environment is a core value at Godrej Appliances. Both manufacturing units of Godrej Appliances’ - in Maharashtra and Punjab, became the first in the country to win the coveted Platinum Plus Green Co certification for their pioneering green manufacturing practices. 

The brand takes pride in not just its carefully designed products and environment-friendly technologies, but also best in class after-sales service delivered through over 680 service centers and more than 4500 SmartBuddy service experts spread all over the country.

Samsung Launches 2021 Soundbar Lineup In India; Brings World’s First 11.1.4 Channel Soundbar For A Room-Filling Experience

 

* Q Series soundbars come with exclusive Q-Symphony technology that seamlessly syncs audio from Samsung QLED TV to deliver 3D sound

* Introducing SpaceFit Sound that analyses your TV’s physical environment and provides immersive sound tailored specifically to your space

*  Enhanced Dolby Atmos® technology range for an elevated sound experience

Samsung, India's largest and most trusted consumer electronics brand, has launched its 2021 Soundbar lineup, including the world's first 11.1.4 channel soundbar ushering in a never before rich and immersive surround sound experience.

The new Q-series, A-series and S-series soundbars are carefully tuned at the Samsung Audio Lab in Valencia, California to make each in-home entertainment experience perfect – be it binge-watching your favorite show or action movie or playing heart-racing video games.

The new soundbar lineup will be available at all leading consumer electronics stores, and across online platforms, including Samsung’s official online store Samsung Shop from July 7, 2021.  

The new and premium Q-series soundbar, an epitome in audio technology innovation, comes with the world’s first 11.1.4 channel that enables consumers to enjoy the most realistic three-dimensional audio. To help consumers experience perfection, Q-series soundbars come with Samsung’s signature Q-Symphony technology that plays surround sound from TV and soundbar simultaneously, creating incredible audio synergy.

For a real cinematic experience, all models of Q-series support Dolby Atmos/DTS:X. The audio experience is taken to an all-time high with Samsung’s SpaceFit Sound technology that automatically analyses the surrounding environment and provides an optimized sound experience. That’s not all, when a game device is connected to your TV, the soundbar automatically switches to the Game Mode so that you can solely focus on enjoying the game. The new lineup has Amazon Alexa built-in, making it easy to take full control of the listening experience.

To address the demands of Indian consumers for high wattage soundbars, the new A-series soundbars come with enhanced wattage. This series comes equipped with Dolby Audio/DTS Virtual:X, a 3D sound made with Samsung’s exclusive audio processing technology, providing an immersive surround sound simulation. Its new Bass Boost feature allows users to add ‘more boom’ with a simple click, while the Adaptive Sound Lite technology automatically enhances voice clarity and optimizes sound for TV series, sports, and news, depending on content.

The S-series soundbar comes stylishly design wrapped in a premium fabric along with smart usability and mind-blowing sound experience and is a perfect addition to any living room. Without a central speaker, those sitting near the edges of the room can often only hear the sounds closest to them. This series includes a central speaker that replicates a room-filling cinema-style environment. For those who play music from their mobile devices, Tap Sound makes it as simple as tapping a device to the soundbar to play music.

“In-home entertainment is one of the most important stress busters today as work and play boundaries continue to fade. Our 2021 Soundbar lineup has been designed to offer premium sound experience with stylishly elegant looks. With innovative features and industry first technology that are truly game changers, the new lineup is designed for those looking for the sound of perfection. In a time when consumers have access to an endless range of content, soundbars help elevate their audio-visual entertainment experience,” said Raju Pullan, Senior Vice President, Consumer Electronics Business, Samsung India.

Price, Offers, where to buy:

The 2021 Soundbar lineup would be available on Samsung’s official online store, Samsung Shop and select Samsung Smart Plazas from July 7, 2021.

The Q series soundbar models – Q950A, Q900A, Q800A, and Q600A will be available for INR 147,990, INR 111,990, INR 61,990 and INR 43,990 respectively.

A series soundbar models A670, A550 and A450 will be available for INR 47,990, INR 33,990 and INR 27,990 respectively.

S series soundbar model S61A will be available for INR 47,990.

Consumers buying the soundbars can avail up to 10% additional cashback of up to INR 6,000 on all leading credit and debit cards of HDFC Bank, ICICI Bank, Axis Bank, Federal Bank and Bank of Baroda.

All Soundbars will come with 12 months of warranty.

Q series

Dolby Atmos/ DTS:X: Enjoy a real cinematic experience with ultimate 3D sound from all the directions at home. Q950A and Q900A will support true Dolby Atmos through its full range driver with the waveguide. Q series models Q800A and Q600A will also be support true Dolby Atmos via Samsung patented technology, the Acoustic Beam that acts as upward-firing speaker delivering an immersive overhead sound.

True 11.1.4 Channel Soundbar: With the first 11.1.4 channel in the world that sends out detailed expressions of sound motion in 11 directions, one can enjoy an unprecedentedly rich and stereoscopic sound. This is unrivalled new sound technology from Samsung that perfectly reproduces all the motions around the world.

Up-firing rear speakers: Waveguide technology, engineered by Samsung Audio Lab, enables up-firing speakers project audio above you, maximizing the overhead and surround sound effect.

Q-Symphony: Awarded as the best CES innovation, Q-Symphony allows your soundbar to sync with your Samsung TV, together creating immersive sound. It combines and enhances sound through the soundbar's front, side, and up-firing speakers as well as the TV's speakers, giving you a new level of acoustic immersion so you can experience content like never before.

SpaceFit Sound: SpaceFit Sound automatically analyzes the surrounding environment of your living space and provides the optimized sound for you.

Game Mode Pro: Powerful up-firing speakers, acoustic beam and strong woofers of soundbar provides multi-dimensional 3D dynamic sound optimized for gaming. The soundbar automatically switches to Game Mode when connected to your Samsung TV so you can focus on playing.

One remote: Samsung soundbar has the same interface with Samsung TV so one can control the soundbar too with a Samsung TV remote. One can turn their soundbar on and off and control various features like mute, sound effects and EQ settings with the remote control for Samsung TV.

Built-in Amazon Alexa: Take full control of the listening experience with built-in Amazon Alexa.

Music streaming made easy: Airplay2 is newly supported through OTN enabling it to be used to stream audio from iPhones and other Apple ecosystem devices. Tap Sound is a feature that mirrors the mobile sound to the powerful soundbar by a single tap. You can also enjoy your mobile screen on the TV and mobile sound through the soundbar simultaneously in a more immersive way.

A series:

Dolby Audio/ DTS Virtual:X: It is a room filling technology that fills up your room with virtual surround sounds. It analyzes the scenes based on big data and sends out the sounds to right places, providing a perfect surround sound experience regardless of the numbers of speakers or their locations. If you want to enjoy a richer surround sound, optional rear speaker SWA-9100S will be able to provide it.

Bass Boost: This feature delivers more power and allows users to add ‘more boom’ with a simple click so you can feel every beat.

Adaptive Sound Lite: Adaptive Sound Lite provides the optimized sound for TV series, sports, and news by automatically analyzing the audio tracks of each content.

Inbuilt Subwoofers: The great bass of an in-built wireless subwoofer brings your entertainment to life.

One remote: Samsung soundbar has the same interface with Samsung TV so one can control the soundbar too with a Samsung TV remote. One can turn their soundbar on and off and control various features like mute, sound effects and EQ settings with the remote control for Samsung TV.

S series:

Side horn speaker with acoustic beam: This technology provides a true surround sound experience that completely dominates the space. Acoustic beam has multiple up-firing holes. Each of these holes works like a single speaker and generates more dynamic and panoramic sound effects. Side horn speaker mounted at both ends of the soundbar has a spacious delivery with sound acting like a megaphone that amplify sound. Side horn speakers with acoustic beam will spread the sound surrounding you from a simple all-in-one form factor.

Premium fabric design: Wrapped in a premium fabric to fit beautifully into any interior, it is a sound system designed to be part of your home. The soundbar's timeless look combines natural expression with dimension and durability. The texture and its curved shape design, together with cutting-edge technology, matches the exceptional feeling of room-filling sound.

Built-in Amazon Alexa: Take full control of the listening experience with built-in Amazon Alexa.

Music streaming made easy: Airplay2 is newly supported through OTN enabling it to be used to stream audio from iPhones and other Apple ecosystem devices. Tap Sound is a feature that mirrors the mobile sound to the powerful soundbar by a single tap. You can also enjoy your mobile screen on the TV and mobile sound through the soundbar simultaneously in a more immersive way.

About Samsung Electronics Co., Ltd. 

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. For the latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in. For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat. You can also follow us on Twitter @SamsungNewsIN

Adaptation Of Scientific Agriculture Practices Will Drive Global Demand Towards Indian Cotton Farmer

Cotton continues to enjoy a pre-eminent and the most favoured fibre status for the textile industry globally as well as in India. It is an immensely important crop for the sustainable livelihood of the Indian cotton farming community. Presently, ~50 to 60 million people depend on cotton cultivation, marketing, processing and exports for their livelihood across India. In the last few years, the cultivation of cotton has been steadily declining globally and the world cotton farming experienced dramatic developments in 2020/21 due to an unprecedented pressure caused by the COVID-19 pandemic. 

While India is one of the largest producers of cotton in the world, Persistent adoption of unsustainable agricultural practices for the largely water-intensive crop, extensive use of fertilizers and pesticides as well as genetic modification has posed a significant challenge that needs immediate attention. There is still a gap in the yield level of cotton obtained in India vs. the global average. This means, higher land usage, but a lower income for farmers. Today less than 10 % of cotton is grown in a way that actively protects farmer’s economic growth and the environment. The latest trend suggests that the textile industry is becoming increasingly sensitive in choosing sustainable fibres to drive their textile supply chains since the outbreak of Covid-19. Hence, the buoyancy for a revival of Indian cotton farming is now driven by sustainable cultivation. 

Global scenario of cotton production and consumption 

As per the report of the United States Department of Agriculture, the global 2020/21 cotton farming is down 6.5 percent from the previous year to 114.1 million bales. The farmers of major cotton-producing countries (India, China, United States, Brazil, and Pakistan) are facing a challenge to compete with their counterparts both in terms of per hectare yield as well as produce. Adverse weather, an infestation of pink bollworm in cotton crop, lower prices, higher labour cost and policy uncertainty all contributed to the sharp decline. Additionally, the decreased synthetic fibre prices driven by substantially lower oil prices placed huge competitive pressure on world cotton markets. Normally, India produces up to ~ 3.5 crore bales of cotton, whereas China produces ~3.25, USA produces 2.5 crore bales followed by Brazil and Pakistan which produces ~1.5 and 0.65 crore bales respectively. Although the US and Brazil are major exporters of cotton, the production in both countries has been declining for two consecutive years. Resulting in inefficiency to support the global import demand and the high price of cotton. 

In terms of cotton consumption, Asian countries dominate the global market. Cotton consumption in China is around 4.75 to 5 crore bales which are higher than other countries of the globe. Whereas Pakistan’s cotton consumption is 1.35 crore bales. In recent years, strong growth of the spinning and textile industry has spurred the consumption of cotton in Bangladesh and Viet Nam. Bangladesh requires 90 lakhs to 1 crore bales of cotton and Vietnam needs 75 to 80 lakh bales. Due to their proximity to India, all these Asian countries import a substantial quantity of cotton from India. If we talk about the situation in India, the consumption of cotton is increasing here. Due to the phenomenal growth of the domestic textile industry in the last two decades along with the Indian spinning industry, the country has become one of the largest consumers of cotton i.e., about 23% of world cotton consumption. 

The brighter spot for cotton farmer globally 

The global acreage for cotton has been constant since the last few years. As the world economy recovers from the severe 2020 downturn, global cotton consumption is expected to grow by 4.1 percent in the 2021-22 season, substantially above the long-term average rate of 1.7 percent, according to the US department of agriculture (USDA). World cotton production is projected to grow 1.5% p.a. to reach almost 30 Mt in 2029. This growth will come from an expansion of the cotton area (0.5% p.a.) as well as growth in average global yields (1% p.a.), suggest OECD-FAO Agricultural Outlook 2020-2029. 

Indian cotton farming: At a glance 

India is one of the largest producers of cotton in the world accounting for about 26% of the world cotton production. The country has the largest area under cotton cultivation which is about 41% of the world area under cotton cultivation between 12.5 million hectares to 13.0 million hectares. The crop is mainly produced in Gujarat, Maharashtra, Andhra Pradesh, Haryana, Punjab, Madhya Pradesh, Karnataka, Rajasthan, Tamil Nadu, Odisha. Modernization of India’s cotton production—including the adoption of BT varieties—propelled India to the top among cotton-producing countries. Government policies such as giving greater thrusts to Research and Development in cotton encouraging the use of quality seeds and pesticides by providing subsidies for such inputs and price support measures have also contributed to changing the cotton scenario in India. 

Even with the impressive statistics of Indian cotton farming, the productivity per hectare has not reached its full potential over the years. Persistent adoption of unsustainable agricultural practices for the largely water-intensive crop, extensive use of fertilizers and pesticides as well as genetic modification has posed a significant challenge that needs immediate attention. There is still a gap in the yield level of cotton obtained in India vs. the global average. This means, higher land usage, but a lower income for farmers. 

Speaking about the sustainable practices for cotton farming in India, C K Patel, AGM - Agronomy & Marketing, Netafim India said, “To turn around the prevailing scenario, it is imperative to make farmers aware of healthier cotton practices and adaptation of scientific farming techniques. Promotion of environmentally sustainable practices for the mass-produced cash crop along with the scientific and egalitarian application of water, effective use of fertilizers and pesticides will help the Indian farmers to achieve sustainable growth in cotton cultivation. Studies have proved that the adoption of suitable technology such as micro-irrigation in cotton farming helps in reducing input cost and increases income by increasing the number of crops they grow. The benefits include an increase in the water use efficiency up to 80-90% owing to reduced water requirement, about 20% less consumption of electricity per hectare and up to 70- 80% increase in fertilizer use efficiency which translates into significant cost savings. Controlled application of water and fertilizer has resulted in increasing the productivity of the crops up to 50%. All these boost farmer income levels by more than Normal”. 

Besides the economic benefits, the technology boasts of a slew of social and environmental advantages as well. Since Indian farmers are receptive to take up any technology that brings certainty to their life and leads to an increase in income level, drip irrigation in cotton farming needs extensive propagation. The backbone of the success of micro-irrigation implementation in cotton cultivation remains in the awareness generation campaigns and effective training amongst farmers. 

Celebal Technologies, A Jaipur-Based Software Company Named As The 2021 Microsoft India Partner Of The Year

Celebal Technologies has won the prestigious Microsoft India Country Partner of the Year Award. They were honoured among a field of top Microsoft partners for demonstrating excellence in Customer Satisfaction and Technology Innovation using Microsoft Cloud Platform. Headquartered in Jaipur, Rajasthan, the company has been steadily building a global presence with its innovative offerings around Artificial Intelligence, Big Data, and Enterprise Cloud.

The Microsoft Country Partner of the Year Awards honours partners at the regional level that have developed and delivered outstanding Microsoft-based solutions during the past year. Celebal Technologies distinguished itself as a valued partner from thousands of partner nominations with their proven business impact across solutions ranging from Cloud to Productivity to Core Infrastructure.

“Being named 2021 Microsoft India Partner of the Year is an important distinction for us,” said Anupam Gupta, Co-founder and Head of US Operations, Celebal Technologies. “Our unique expertise lies at the Intersection of “Traditional Enterprise” and “Modern Cloud Innovation”. We shall continue to deliver on the promise of Intelligent Enterprise for our customers across the Globe”.

“Our relentless focus on innovation and a customer-obsessed culture has helped us achieve this award in India, which is one of the most prominent and fastest-growing regions for Microsoft Cloud,” added Anirudh Kala, Co-founder, Director, and Chief Data Scientist, Celebal Technologies. “This recognition is indicative of the trust placed in us. We shall continue to build resilient solutions aligned with the Microsoft Azure Cloud platform to solve the business challenges of tomorrow.”

This achievement is a testament to Celebal Technologies’ high level of expertise and innovation, along with a demonstrable track record of successful projects, effective engagement with local Microsoft office, and significant business impact for its customers.

About Celebal Technologies:

Celebal Technologies is a premier technology company that specializes in the fields of AI, Big Data, Data Science, and Enterprise Cloud. Their unique expertise lies at the intersection of “Traditional Enterprise” and “Modern Cloud Innovation”. Celebal Technologies drives continuous innovation to empower clients across various industries such as Manufacturing, BFSI, Consumer goods, e- Commerce, Life sciences, Education and Healthcare in their digital transformation journeys. They are a Microsoft Gold Partner with a strength of 800+ people serving customers across India, USA, Canada, UK, and Asia Pacific regions. 

CARE Ratings Upgrades Garware Hi-Tech Films Long Term Bank Facilities To CARE A+; Reaffirms CARE A1 Rating For Term Facilities

CARE Ratings Limited, a leading credit rating agency in India, has upgraded the long-term bank facilities rating of Garware Hi-Tech Films Limited to A+, Stable and reaffirmed the credit rating of short term bank facilities as CARE A1.

The revision in the ratings assigned to the bank facilities of Garware Hi-Tech Films Limited (GHFL; erstwhile known as Garware Polyester Limited) factors in the overall business risk profile driven by healthy topline growth and improved PBILDT margins backed by improved product mix and healthy capacity utilization.

The ratings also factors successful commissioning of the new product line, Paint Protection Film in April 2021 which is expected to further support revenue and margin growth going ahead. The rating revision also considers that GHFL will sustain the improvement in its financial risk profile, over the medium term, supported by steady cash generation.

Commenting on the ratings upgrade Ms Monika Garware, the Vice Chairperson and the Joint Managing Director said, “We continue to focus on growth & this improved rating is a continued validation of GHFL’s healthy performance. GHFL has capability to produce, around 10 Micron to 350 Micron different thickness Specialty PET films for various end applications. Ability to modify the features for various end applications of its products help GHFL to adequately cater the diverse needs of its customers. CARE Ratings has considered the strong operating metrics and competitive strengths of GHFL in the performance film industry.”

The long-term bank facilities Rs 422.08cr (enhanced from Rs 369.81cr) is CARE A+ / stable. For Short term Bank Facilities (Rs198.19cr) the rating is CARE A1.  

About Garware Hi-Tech Films Limited

Garware Hi-Tech Films Limited (formerly Garware Polyester Ltd.) (BOM: 500655) is the flagship company of the Garware Group co-promoted by the Chairman and Managing Director Mr. S.B. Garware in the year 1957 along with the Founder-Chairman Late Padmabhushan Dr. Bhalchandra Garware. The company makes Hi-Tech specialty performance polyester Films in India and has its State-of-the-Art manufacturing facilities at Aurangabad in Maharashtra, India. GHFL is the pioneer and one of the largest exporter of Polyester Films in India and the winner of top exporters’ awards for continuous 33 years from PLEXCOUNCIL.

Garware Hi-Tech Films Ltd.’s (GHFL) manufacturing facility in Aurangabad is vertically integrated, from manufacture of polyester chips to the finished product of polyester films with four independent manufacturing lines and a business that spans the globe.  Polyester Films are used for variety of end-applications such as PET Shrink films for Label application, Low Oligomer PET films for insulation of hermetically sealed compressors motors, Electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc. GHFL is also the market Leader and India’s only manufacturer of Sun Control window films for Building, safety and auto applications. The company has facilities for manufacturing various coated products and co-extruded products for specialty application, apart from its capacity to design the recipe for raw material of PET films to suit the end application of the product.  The company has also developed surface-protection films and Paint Protection Films designed to deliver the highest level of protection and impact resistance which has applications in many sectors.  

Tata Motors Partners With IndusInd Bank To Provide Exclusive Offers On Passenger Vehicles To Its Customers

 

Key Highlights:

* EMI per month per lakh starting as low as INR. 834/- at an attractive rate of interest

* 60% low EMI options for the first 3-6 months as per the customer choice and financial requirements

* Up to 90% financing available

* Flexible tenor from 1 to 7 years depending on the product and variant

* Non income proof funding available

* Scheme available on New Forever range of passenger vehicles*

In an effort to make its New Forever range of Tata Motors cars and UVs more accessible in these challenging times, Tata Motors, India’s leading automotive manufacturer, has rolled out exciting finance offers for its passenger vehicle customers in collaboration with IndusInd Bank. The company has been partnering with banks to provide lucrative offers for its customers. As part of this partnership with IndusInd Bank, the Company will provide the Step Up scheme where the customers can choose and buy from the safest range of passenger cars in the country, with a special low EMI option scheme for the first 3-6 months.

Under the Step Up scheme, customers can now avail EMI options lowered by 60% starting from INR 834/- per lakh per month, depending on the scheme and the products at an attractive interest rate. As per the scheme, the EMI payments will remain lower for a period of 3-6 months depending on the convenience of the buyer. This will be provided with non-income proof funding and flexible tenor options ranging from 1 to 7 years depending on the product and variant. Furthermore, while the purchase of the Harrier, Safari or Tigor gets a loan to value (LTV) of up to 85% on the ex-showroom price, purchase of Tiago, Nexon or Altroz will make the customers eligible to get an LTV of 90%.

Commenting on the roll out of these finance schemes offers, Mr. Ramesh Dorairajan, Head Network Management and Trade Finance, Passenger Vehicles Business Unit, said, “We, at Tata Motors, have always been committed to supporting our customers at all times. The recent Covid-19 upsurge has impacted everyone and to help our passenger car family in these challenging moments, we are delighted to be partnering with IndusInd Bank to roll out special finance schemes. This is in alignment with our constant effort to fast track the availability of safe personal mobility solutions to individuals and families at pocket friendly rates. We hope that these offers will boost customer morale and make the process of purchasing a car more convenient.”

Elaborating on the initiative Mr. T.A. Rajagoppalan, Executive Vice President, Passenger Vehicles, IndusInd Bank said, “At IndusInd, we believe in staying agile and responding to customer needs in keeping with emerging demand indicators. These innovative financial schemes aim at not only reducing the burden on the customer’s wallet during these tough times, but also allow them to prioritize commute in a hygienic, safe and comfortable environment. We take pride in joining hands with Tata Motors to roll out these schemes.”

To know more about offers and car buying options, call your nearest dealership or visit https://cars.tatamotors.com/. Customers can also enquire, request a test drive, make bookings, and select their preferred financing option via ‘Click to Drive’, Tata Motors’ end-to-end online platform, from the comfort and safety of their homes.

*The scheme is not applicable on Nexon EV

T&C apply