Global Investors Meet: From Vedanta To Jio, More Than 20 Cos Sign MoUs Of Over Rs 2 Lakh Crores

* Since the start of this year, domestic and international companies have signed MoUs with the Karnataka state government committing investments of more than 5.60 lakh crore, according to ministers and industrialists at the Global Investors Meet said

More than 20 Indian and global companies across sectors signed memorandums of understanding (MoUs) with the government of Karnataka on November 2, committing to invest more than Rs 2 lakh crore cumulatively, instilling confidence in India's third-largest state in terms of GDP (Gross Domestic Product).

Since the start of this year, domestic and international companies have signed MoUs with the Karnataka state government committing investments of more than 5.60 lakh crore, according to ministers and industrialists at the Global Investors Meet said.

The sectors in which various companies have committed investments include green hydrogen, electronics system design and manufacturing, e-mobility, aerospace and defense, data centers, infrastructure, industrial and logistics parks, core and general manufacturing, and renewable energy.

The green hydrogen and derivatives sector saw seven companies committing investments of a little over Rs 2.90 lakh crore, with ACME Solar committing to invest the most of over Rs 51,000 crore. JSW Energy also committed over Rs 40,000 crore.

The electronics system design and manufacturing sector saw companies committing investments of more than Rs 47,000 crore, with ISMC Analog Fab leading the chart with a commitment of Rs 22,900 crore.

Eight companies committed investments of more than Rs 44,000 crore in the industrial and logistics park sector. Bharti Airtel and Reliance Jio led the chart with investments of Rs 15,000 crore and Rs 11,000 crore each.

Core and general manufacturing sectors also saw commitments from various investors. Six companies committed investments of over Rs 25,000 crore in the core manufacturing sector, while four companies committed investments of about Rs 5,000 crore in the general manufacturing sector.

The renewable energy sector saw the second-most favoured sector by companies as eight companies committed investments of Rs 1.27 lakh crore with Vedanta alone committing Rs 80,000 crore of investments.

Calnestor Knowledge Solutions Launches “Job Readiness Program” For Engineers And Management Graduates

Calnestor Knowledge Solutions,one of the leading knowledge technology companies in India, has announced the launch of its Job Readiness Program through NEATmet which encompasses a series of comprehensive 60-hour online LIVE masterclasses to prepare recent graduates for the industry workforce. The program is ideally suited for graduate and postgraduate students of engineering, business administration, and management in addition to aspirant candidates seeking entry-level employment in the central and state governments, public sectors, banks, railways, defense, local authorities, corporations, MNCs, SMEs, and private sectors. 

Job Readiness Program is a flagship initiative that aims to serve as a pathway for the aspiring youths of our country to achieve a rewarding career and yield them with the real workplace skills that matter. It is an intensive program to prepare them for the jobs-market with employability and life-skills along with other much required skill sets to crack decent jobs. In today’s working world, job readiness has become extremely essential. Candidates who are well-prepared for the workplace are more confident and equipped to succeed. Employers also strive to find skilled workers who have the training and skills needed to perform their jobs correctly and help the organization reach its goals. 

The Job Readiness programme will emphasize aptitude test preparation, interview preparation, soft skills development, basic IT skills development, strategic guidance, resume development, cover letter writing, and career counselling. It will include 60+ hours of online live classes, as well as recorded videos of IIT – IIM alumni serving as career coaches, learning materials, and resources with unlimited free access.  

The Aptitude program will have a duration of 30 hours and will include Quantitative Aptitude, Logical Reasoning, Data Interpretation and verbal Aptitude. The Interview preparation program will have a duration of 10 hours and will include Facing Interviews, Etiquette and Manners, Structured and unstructured Interviews, Self-Introduction, Behavioral Questions, Technical and HR Interviews. The soft skill program will have a duration of 10 hours and will include Problem Solving, Critical Thinking, Effective Communications, Decision Making, Creative Thinking, Interpersonal Relationship, Self-Awareness Building, Empathy, Stress Management and Emotion Handling. The Basic IT Skill program will have a duration of 4 hours and will include Computer Fundamentals, Operating Systems, Microsoft Office etc. The Resume program will have a duration of 4 hours and will cover Writing Resume, Resume Styles, Writing Cover Letter, Job Posting Response. The Career Counseling program will have a duration of 2 hours and will include job searching and application, career options etc. 

Regarding the launch of the Job Readiness Program, Mr. S. Boral, Director & CEO of CALNESTOR Knowledge Solutions, stated, "Using a multi-layered employability assessment, CALNESTOR identifies the potential industry readiness of job seekers. We have curated the best resources and the sharpest, most experienced instructors to prepare students in the Job Readiness Program based on information gathered over the course of preparing hundreds of aspiring candidates to make them job ready. Students will not only benefit from the program in terms of landing their dream job, but also learn strategies to succeed in their chosen field. " 

The sessions will be led by IIT-IIM alumni and eminent professionals such as Ranjan Kumar Majumder, Managing Director, Constellation Training & Placement Services, Business & IT Consultant,  Prof. (Dr.) Naveen Das, Pro Vice Chancellor of Adamas University, Ms Alakananda Rao, Founder, Director and CEO of Alvari Systems, certified PMP, Fellow of the Computer Society of India, Mr Agnimitra Biswas technology and management consultant, professor of Management Sciences, Project Director (SMILE) , Mr Rahul Bose Corporate Trainer to Public and Private Sector Companies, faculty at B. Schools, Santi Ranjan Saha visiting faculty at Business & Management Schools and Shivaji Gupta Roy, visiting faculty at Business & Management Schools. The enrollment for the program will start from November 2022.  

About CALNESTOR Knowledge Solutions 

Incorporated in 2016 under The Companies Act 2013, CALNESTOR Knowledge Solutions has been promoted & supported by Engineers, Technologists, Consultants, eminent Academicians, and veteran Industry Experts with hundreds of years’ cumulative experience. Since its inception, it has been in the business of online assessments & evaluations, conducting PAN India exams, academic publishing, and editorial services for conferences, and managing online techno-professional communities through its different cutting-edge platforms.  

Shared Electric Mobility Leader Yulu Signs MoU With Government of Karnataka To Invest Rs 1200 Crores And Create 7000+ Jobs

* Yulu will deploy 1 Lakh Electric Vehicles in Karnataka and will create the largest EV battery charging and swapping infrastructure in the state over the next 5 years.

* The investment will accelerate EV adoption in the State & reduce the carbon footprint.

* Yulu will establish a Centre of Excellence for designing and optimising cutting-edge vehicle designs, IoTs and EV charging equipment.

Yulu, India’s market leader in shared electric 2 wheeler Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS) businesses, today entered a Memorandum of Understanding (MoU) with the Government of Karnataka re-affirming its commitment to the electric mobility ambition of the State. The MoU was signed by Mr R K Misra, Co-Founder, Yulu, in the presence of the Honorable Chief Minister of Karnataka Shri Basavaraj Bommai, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, other Union Cabinet Ministers, State Government officials and other prominent dignitaries at the Invest Karnataka Global Investors Meet in Bengaluru.

As part of the MoU, Yulu in line with its business expansion for exponential growth, will invest ? 1200 crores to deploy a fleet of 1 Lakh EVs and operationalize the largest EV battery charging and swapping infrastructure in the State over the next 5 years. In addition to creating a practical & affordable shared solution for urban mobility at scale, the MoU also covers investments made in product innovation, new technology and sustainable operations. Yulu will create about 7000 direct jobs across its value chain activities. Additionally, Yulu will leverage its R&D and research expertise to design, develop & manufacture IoTs and EV charging equipment. 

Mr R K Misra, Co-Founder, Yulu said, “Karnataka is one of the most progressive & action-oriented states of the country in embracing an EV future. As a leading Electric Mobility player and an active industry participant, Yulu has worked closely with policy makers & government departments to help formulate policies that foster a vibrant EV ecosystem. This MoU is a step forward in that partnership and also cements Karnataka’s position as a preferred investment destination for electric vehicle manufacturing, R&D, and deployment hub in India. We are committed to redefine urban mobility by reducing congestion & pollution, and a thriving Government-Industry partnership will play a foundational role in achieving this vision.”

Yulu is driven by the principles of Affordability, Accessibility & Availability to enable shared mobility at scale. Yulu has served millions of users for their first & last mile mobility needs and lakhs of green deliveries have been made using Yulu EVs, helping save 15000 metric tons of CO2 emissions. Yulu has enabled tens of thousands of gig economy workers to join the workforce and increase their net earnings by providing an efficient, sustainable, and affordable mobility service.

As a market leader in the first & last mile mobility, Yulu has built successful partnerships in Karnataka with Bengaluru Metro (BMRCL), and city authorities in Bengaluru (BBMP/DULT), for both parking and charging infrastructure. Yulu zones are present in the vicinity of key BMRCL Metro Stations and BMTC bus stops, in addition to 1000+ locations in the city. With over 70 charging & swapping stations Yulu already has a sizable presence in the Battery-as-a-Service business and continues to expand at a rapid pace.

About Yulu:

Yulu is India’s largest Shared EV mobility & battery-swapping company, founded in 2017 by seasoned & serial entrepreneurs with the mission to make urban commuting clean, inclusive & sustainable. Backed by marquee financial as well as strategic investors, Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR, and has successfully created India’s largest AI-powered Battery-as-a-Service (BaaS) platform, to provide practically unlimited range to its users. This network has completed 3.5 million+ battery swaps till date and has enabled the accelerated adoption of electric mobility in India. As a pioneer in the EV space, Yulu has influenced several policies aimed towards electric vehicles, and has generated livelihood opportunities for millions of people. For further information, please visit www.yulu.bike or follow us on Twitter @YuluBike.

Photo Caption:  Mr. R K Misra, Co-Founder, Yulu with Honourable Chief Minister of Karnataka Shri Basavaraj Bommai, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, and other prominent dignitaries at the Invest Karnataka Global Investors Meet in Bengaluru.

JSW, Adani, Airtel Groups And Others To Make Huge Investments In Karnataka

* Global Investors' Meet to attract Rs 7L crore investment, bring over 3L jobs: CM 

* Bommai cited that if such a large-scale investment flows into Karnataka, it will become prosperous

The three-day 'Global Investors' Meet' (GIM) in Karnataka is likely to attract investment worth about Rs 7 lakh crore and generate over 3 lakh jobs, Karnataka Chief Minister Basavaraj Bommai said on Tuesday. The event will be hosted in Bengaluru from 2 November. 

"During the Investors meet that will begin in Bengaluru from tomorrow, Rs 7 lakh crore investment will flow into Karnataka, providing employment opportunities for over 3 lakh people in the next three to four years, in the private sector," Bommai said

Bommai cited that if such a large-scale investment flows into Karnataka, which is a progressive state, it will become prosperous. "With this farsightedness, we are working…," he said highlighting the importance of innovation and knowledge, and NITI Ayog giving Karnataka, the number one place in innovation.

" In the coming two years we will be filling up 2.5 lakh job vacancies in the government sector, and this year alone we have decided to give 1 lakh jobs, he added.

JSW Group Plans To Invest Rs 1 lakh Crore In Karnataka

* In his address to the inaugural function of ``Invest Karnataka 2022", the State's Global Investors' Meet (GIM) here, he also requested the state government to consider mineral auctions.

The JSW Group plans to invest Rs one lakh crore in Karnataka over the next five years, its Chairman Sajjan Jindal said on Wednesday.

In his address to the inaugural function of ``Invest Karnataka 2022", the State's Global Investors' Meet (GIM) here, he also requested the state government to consider mineral auctions.

Jindal said the Group has so far invested over Rs one lakh crore in Karnataka. "And over the next five years, we have plans to invest additional Rs one lakh crore in Karnataka".

The investment would head into expansion of its steel plant, and renewable energy and port infrastructure development space.

The Group's Ballari steel plant in Karnataka has grown to be the biggest in India and would soon become the biggest steel plant in the world, Jindal noted.

Urging the state government to consider mineral auctions, he said the move would further encourage investment in the manufacturing sector and support Karnataka's growth trajectory.

In this context, he praised the Odisha government for being the "most aggressive" State in auctioning "the mineral assets, the mines".

"When I speak for the evolution that is taking place in steel making, time is of essence. As minerals like iron ore will always be not needed for production of steel, hence, it's imperative that these assets are monetised at the earliest," Jindal said.

Adani Group To Invest Rs 1 Lakh Crore In Karnataka

The Adani Group has plans to invest almost Rs 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in multiple sectors, Adani Ports and SEZ Limited CEO Karan Gautam Adani said today.

He said having already invested over Rs 20,000 crore in Karnataka till now, the business group is active in multiple sectors in the state, ranging from cement, power, city piped gas and edible oil to transport, logistics and digital.

Adani was speaking at the inaugural function of the three-day 'Invest Karnataka 2022'-Global Investors Meet.

"When I combine all of the sectors that we will be investing (in) and we will be expanding in the state of Karnataka, we would be looking at almost Rs 1 lakh crore of investment in the next seven years," Adani said.

"As the world's largest solar power developer, Adani Group will be investing more in the renewable energy sector in Karnataka," he said.

The company has an installed cement manufacturing capacity of more than seven million tonne across four plants in Karnataka, and it will be looking at expanding its footprint in this sector as well, according to him.

Mangaluru International Airport (owned by Adani Airport Holdings, a subsidiary of Adani Group), is undergoing a facelift and "we will be expanding that airport as well", the CEO said.

Adani Wilmar is increasing its presence in the coastal Karnataka town of Mangaluru, he added. 

South Indian Bank Introduces “Remit Money Abroad” Feature In SIB Mirror + App

South Indian Bank has launched a new module in their Mobile Banking Application called “SIB Mirror+” to better facilitate the “remittances to” abroad in foreign currency. The Bank has enabled ‘Remit Money Abroad” through Mobile Banking on the Outward remittances front, ensuring savings on time, convenience and safety.

‘Remit Money Abroad ' facilitates Foreign Outward Remittance through the bank’s “SIB Mirror+” mobile banking application for its NRE and Resident Savings Bank Account customers. South Indian bank provides the same facility in its Internet Banking platform “SIBERNET” also for their Resident Savings Bank Account and NRE Savings Account customers. Customers can transfer foreign currency abroad without visiting the branch and with more convenience in a secure, fast and paperless manner.

Speaking on the launch, Thomas Joseph K, Executive Vice President & Group Business Head, South Indian Bank, said “This is a major milestone in the digital journey of South Indian Bank. Through this newly launched feature, our customer can now initiate foreign outward remittances in more than 100 currencies across the globe. We are certain that this new feature would make foreign remittances a smooth and seamless transaction for all our customers using the mobile platform.”

‘Remit Abroad Feature’ on Mirror +, enables customers to remit money for purposes such as family maintenance, gifting, education, emigration and travel. This feature helps customers to initiate outward remittance requests 24x7 in USD currency, while remittances in all other currencies can be initiated during market hours. Per day limit for resident customers is USD 10000 and in FY USD 25000, for NRI daily limit fixed at USD 25000 and FY limit is USD 100000, within the LRS limit.

About South Indian Bank

South Indian Bank is a leading Kerala-based Private sector bank with a nationwide presence. The bank’s shares are listed on The Stock Exchange Mumbai (BSE) and The National Stock Exchange of India Ltd., Mumbai (NSE). South Indian Bank has 926 branches, 1154 ATMs and 118 CDMs/CRMs across India and a representative office in Dubai, UAE. South Indian Bank is a pioneer in technology-based banking, offering an array of digital products and services. It has one of the youngest workforces in the banking sector in the country. The Bank’s Vision 2024 focuses on the 6 Cs -- capital, CASA, cost-to-income, competency building, customer focus, and compliance.

Yamaha Celebrates Milestone of 100 ‘Blue Square’ Outlets In Indian Market

~ Yamaha completes 100 Blue Square Showrooms, now active across PAN India ~

~ Launched under ‘The Call of the Blue’ Campaign, the Blue Square Outlets showcase Yamaha’s rich Racing DNA ~

~ Every Blue Square outlet showcases Yamaha’s Exclusive range of Premium two-wheelers, apparels & accessories ~

India Yamaha Motor (IYM) Pvt. Ltd. today announced the milestone achievement of setting up 100 Blue Square showrooms in India. The announcement comes in line with the company’s commitment to establish its entire 3S network under the Yamaha Blue theme and strengthen its retail footprint in the Indian market.

'The Call of the Blue' brand campaign was introduced in 2018. Under the umbrella of this campaign, in 2019 we introduced the concept of Blue Square showrooms to showcase the brand’s premium image.

Yamaha’s concept of a Blue Square Showroom is to provide a one stop solution to all the biking needs of a customer. Blue Square showrooms are designed to help customers realize and connect with Yamaha’s Racing DNA, while also enabling them to experience a sense of pride of being associated with a premium brand. The showrooms also serve as a platform for customers to be a part of the Blue Streaks rider community curated by Yamaha. Through this strong community of Yamaha enthusiasts, customers get to interact and ride with other like-minded riders.

Speaking on the occasion, Mr. Eishin Chihana, Chairman, Yamaha Motor India Group of Companies said, “It gives me great pleasure to announce that under ‘The Call of the Blue’ brand direction, Yamaha has successfully completed the milestone of 100 Blue Square showroom launches in India. Blue Square showrooms are Yamaha’s flagship range of dealerships dedicated to deliver the highest level of customer satisfaction and ownership experience. I am confident that these launches will further help us in showcasing Yamaha as a global brand with rich racing DNA. Setting up Blue Square showrooms across India, is a key part of our vision to create a benchmark in terms of sales, service, and customer satisfaction. We are aiming to accelerate the expansion of Blue Square outlets to serve every Yamaha customer in India. In the long run, this will ensure that riding enthusiasts get the distinguished experience they deserve from a globally renowned brand like Yamaha."

The Blue Square outlets also showcase an attractive display of Yamaha’s premium range of motorcycles and scooters, like the AEROX 155 and the YZF-R15M, along with the line-up of MotoGP Editions. Going forward, the company also plans to introduce its global product range, which will be sold exclusively through Blue Square showrooms.

Within India, Yamaha now has Blue Square showrooms operational in Tamil Nadu, Pondicherry, Karnataka, Telangana, Andhra Pradesh, Kerala, Jharkhand, West Bengal, Orissa, Assam, Chhattisgarh, Bihar, Madhya Pradesh, Maharashtra, Gujarat, Jammu & Kashmir, Delhi, Rajasthan, and other North-Eastern States.

Jaguar Land Rover, Wolfspeed, Inc. Partner To Supply Silicon Carbide Semiconductors For Next Generation Electric Vehicles

* Through its Reimagine strategy, Jaguar Land Rover is transforming to an electric-first business, on a journey to carbon net zero by 2039

* Strategic partnership with Wolfspeed will secure supply for Silicon Carbide semiconductor technology, integral to electrification of its next generation Range Rover, Discovery, Defender and Jaguar vehicles

* Next generation electric vehicle inverters using Silicon Carbide technology will deliver significantly increased powertrain efficiency and extended driving range for clients

* Strategic partnerships with industry leaders are a cornerstone of Jaguar Land Rover’s Reimagine strategy

* Wolfspeed’s Silicon Carbide semiconductors have been used in Jaguar TCS Racing Formula E team’s in-house developed powertrains since 2017

* Wolfspeed’s next generation Silicon Carbide semiconductors to be produced at the world’s largest fully automated 200mm Silicon Carbide facility in Marcy, New York

Jaguar Land Rover and Wolfspeed, Inc. have today announced a strategic partnership to supply Silicon Carbide semiconductors for next generation electric vehicles, delivering increased powertrain efficiency and extended driving range.  

Under its Reimagine strategy, Jaguar Land Rover is transforming to an electric-first business, to become carbon net zero across its supply chain, products, services, and operations by 2039.

Wolfspeed’s advanced Silicon Carbide technology will be used specifically in the vehicles’ inverter, managing the transfer of power from the battery to the electric motors. The first Range Rover vehicles with this advanced technology will be available from 2024, and the new all-electric Jaguar brand the following year.

The partnership builds on Wolfspeed’s existing relationship with the race-winning Jaguar TCS Racing team competing in the ABB FIA Formula E World Championship, where its advanced Silicon Carbide technology has been used to accelerate on-track efficiency and performance.

The agreement is the latest in Jaguar Land Rover’s program of establishing strategic partnerships with industry leaders for its future modern luxury vehicles: in February 2022, Jaguar Land Rover announced a partnership with NVIDIA focused on software-defined, advanced automated driving systems for next-generation vehicles starting in 2025.

Thierry Bolloré, Chief Executive Officer, Jaguar Land Rover, said: “We are not strangers having collaborated together with the Jaguar TCS Racing team for the last five seasons. By developing that into a strategic partnership as part of our Reimagine strategy, we can integrate Wolfspeed’s advanced Silicon Carbide technology into our next generation electric vehicles, delivering extended range and performance capabilities for our clients.”

Wolfspeed President and CEO, Gregg Lowe, said: “Wolfspeed is proud to partner with Jaguar Land Rover, supporting its bold commitment to electrify its iconic brands by using Silicon Carbide’s superior performance, efficiency and range. The energy efficiency of Silicon Carbide will play an essential role as Jaguar Land Rover pursues its own zero carbon goals, and as the world transitions to an all-electric transportation future.”

The partnership agreement sees Jaguar Land Rover participate in the Wolfspeed Assurance of Supply ProgramTM, to secure the supply of this technology for future electric vehicle production needs. This will enable greater visibility and control over Jaguar Land Rover’s future supply chain and is key to the new value chain approach of the company’s operations and supply chain under the leadership of Barbara Bergmeier, Executive Director of Industrial Operations.

Wolfspeed’s world leading technology is powering electric propulsion systems across the entire voltage spectrum – from 400V to 800V. The Silicon Carbide power device solutions will be produced at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, which opened in April 2022 as the world’s largest 200mm Silicon Carbide fabrication facility. The fully automated facility dramatically expands capacity for Wolfspeed's Silicon Carbide technologies, which will supply the increasing demand for EV production and other advanced technology sectors around the world.