HDFC ERGO Processes Its First Health Claim On NHCX Platform

~ It reinstates insurer's commitment to promote transparency and make health insurance available, accessible, affordable

HDFC ERGO General Insurance Company, India’s leading private sector general insurer, successfully processed its first-ever health claim through the National Health Claims Exchange (NHCX) platform. This groundbreaking achievement marks a significant leap forward, which will help streamline health claims processing, improve administrative efficiencies, and enhance customer experience by building a cohesive technology-driven system.

Based on the directive from Insurance Regulatory and Development Authority of India (IRDAI), General Insurance Council has been working on bringing the various stakeholders together to ensure the entire process of health Insurance is done in more simplified and transparent manner.

Developed by the National Health Authority (NHA), the NHCX platform is a single window interface which provides secure and efficient exchange of health insurance claims data. The platform is poised to revolutionise India's health insurance landscape by setting a new standard for efficiency and transparency in claims processing.

As a digital health claims portal, National Health Claims Exchange (NHCX) is a significant leap towards ensuring interoperability of health claims and fostering transparency within the industry. HDFC ERGO becomes one of the lead insurers to process health claim on NHCX platform. This marks a significant step forward in India's health insurance landscape and attests the commitment of the Company in propelling financial inclusion in India

Parthanil Ghosh, Director and Chief Business Officer, HDFC ERGO General Insurance, said, “In alignment with IRDAI's vision of 'Insurance for All by 2047’, we are committed to provide innovative solutions thereby making insurance accessible and affordable and continue to work towards improving insurance penetration across the country. In alignment to the Government's flagship ‘Ayushman Bharat Digital Mission’, we are proud to successfully process our first health claim through the NHCX platform. This further underscores our commitment to leverage cutting-edge technology and bring in better transparency and claims efficiency in health insurance. As a crucial stakeholder in building a 'Healthy India, we are confident that the NHCX platform will play a significant role by ensuring the interoperability of health claims, democratising insurance and fostering transparency within the industry.”

The NHCX is a critical gateway for exchanging claims-related information within the healthcare and insurance ecosystem. It is designed to streamline and enhance health insurance claims processing by integrating insurers, healthcare providers, and policyholders into a cohesive, technology-driven system. This platform leverages advanced digital technologies to ensure efficient, transparent, and expedited claims settlements, thereby improving the overall health insurance ecosystem.

The process begins with the hospital generating a bill through their Hospital Information System (HIS), which is then uploaded to a Third-Party Administrator (TPA) app. The Health Claim System (HCS) of HDFC ERGO then processes the claims in their claim processing queue.

As a customer experience focused organisation, HDFC ERGO is continuously disrupting technologies to offer hyperpersonalised services to build a fair and robust claims management system. Being a multi-channel organisation, the company offers a host of options and customers can check their claim status via 24X7 contact center, dedicated customer service email, WhatsApp, website, email, customer service app etc. Policyholders can also track the status of their claims on a real-time basis through Here app, one of a kind insurer led ecosystem or simply through the bitly links which is sent to them as soon as they register any claim. With 100% claim settlement ratio in health insurance, the company's average time to settle a cashless health claim is less than 40 minutes. These moves indicate a shift towards the HDFC ERGO’s digital-first customer service as 70%+  health claims are now being intimated digitally, resulting in swift claim processing.

About HDFC ERGO:

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector bank, the Company has become a subsidiary of the Bank. HDFC ERO is one of India’s leading non-life insurance company in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience.

The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. HDFC ERGO’s technology platform has empowered the customers to avail 75% of the services digitally on a 24x7 basis with ~17% of the customer requests serviced by Artificial Intelligence-based tools. The Company has one of the best claims payout ratios in the General Insurance industry.

The Company offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Shri D. Sridhar Babu, Minister of IT, Industries & Commerce Unveils Global IT Centre, Medtronic Engineering & Innovation Center

* Global IT Center (GIT) is Medtronic’s first large scale IT capability center outside of US.

* Medtronic to invest $60 mn over the next 3-5 years to power Medtronic’s business by leveraging India’s rich talent pool in the IT and Tech space.

Medtronic, the global leader in medical technology, today inaugurated its new Global IT (GIT) Center at Medtronic Engineering & Innovation Center (MEIC), Hyderabad in the presence of Honorable Minister for IT, Industries and Commerce, Government of Telangana, Shri D Sridhar Babu and US Consul General, Ms. Jennifer Larson, along with senior leaders from Medtronic including Ms. Rashmi Kumar, SVP and CIO Global, Medtronic, and Mr. Divya Prakash Joshi, Vice President & Site Leader of MEIC.

Global IT Center is Medtronic’s first large-scale IT center outside of US. The company will be investing $60 Mn which will support in creating 300 new job opportunities over the next 3-5 years. GIT will focus on cutting-edge technologies such as Cloud Engineering, Data Platforms, Digital Health applications, Hyper automation, and AI/ML. The talent competencies include Cloud & DevOps, Advanced Analytics & Visualization, Integration & Middleware, Full Stack Engineering, Robotic Process Automation, Process & Data Mining, Agile Program Management, Process Excellence & Business Analysis, along with IT Security & Compliance. Through these competencies, the new GIT center will boost productivity, manage risks, and drive growth in healthcare technology. 

Speaking at the inauguration event, Honorable Minister for IT, Industries and Commerce, Government of Telangana, Shri D Sridhar Babu said, “I am delighted that Medtronic is growing by leaps and bounds from Hyderabad.  I had the pleasure of inaugurating MEIC’s expanded R&D facility in February this year and during this time, I discussed about various other opportunities. In about 5 months, we are here to launch Medtronic’s new global IT Center. Reputed firms like Medtronic choosing to double down on their existing investments in Telangana underscores the vibrant innovation ecosystem that is being nurtured here. This is a glowing testament to the government’s progressive policies. We remain committed to the growth of medical technologies sector, and we will extend every support from the Government."

Rashmi Kumar, SVP and CIO, Medtronic said “Innovation is at the heart of every transformative technology at Medtronic. The inauguration of our Global IT Center in India is a testament to our commitment to strengthening global technology capabilities. We extend our gratitude to the Government of Telangana for fostering a vibrant innovation ecosystem. The launch of the center reiterates our commitment to Indian market and propels us towards impacting more patient lives and advancing healthcare technology. India offers one of the best talent pools for IT we look forward to leveraging the skillset to support the growth of healthcare technology thereby positively impacting patient lives.“

Speaking on the occasion, Mr. Divya Joshi, Vice President & MEIC Site Leader, Medtronic, said, “The inauguration of the GIT center at the MEIC facility in Hyderabad marks a transformative step for Medtronic. By establishing our first large scale IT capability center outside the US, we are not only investing in advanced technologies but also in the rich talent pool that India offers. This new center will be pivotal in supporting innovations, enhancing our global IT capabilities, and delivering top-notch tech-driven healthcare solutions. We are excited to contribute to Hyderabad’s dynamic tech ecosystem.”

The center places a strong emphasis on talent, focusing on skill enhancement, inclusivity, and workforce diversity. Initiatives such as Women in IT (WIIT) are designed to support and mentor women in technical positions, while Employee Resource Groups (ERGs) will continue to offer opportunities for professional development, networking, and engagement.

About Medtronic

Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

Pinnacle Industries Launched Its Latest Advancement In Emergency Medical tTansportation: The “AD-Gen Ambulance”

* Meeting India’s Needs for Affordable, High-Quality Medical Transportation Solutions

Pinnacle Industries, India’s leading automotive interiors, seating, and speciality vehicles company, has launched its latest advancement in emergency medical transportation: the “AD-Gen Ambulance”. A semi-premium variant, AD-Gen Ambulance focuses on elevating the standards of the current fleet of ambulances across India with state-of-the-art technology and innovative design elements. This variant can be built and converted on all vehicle platforms.

"Our goal with the AD-Gen Ambulance is to provide high-quality yet accessible emergency medical services nationwide," says Mr. Arihant Mehta, President at Pinnacle Industries. "We recognize that the initial 10-20 minutes following an accident or medical emergency can be the difference between life and death. This ambulance is engineered to optimize response times and enhance patient outcomes."

Financial constraints also pose a significant barrier to improving the ambulance ecosystem. Shortages in funding limit investments in upgrading ambulance fleets, acquiring advanced medical equipment, and implementing technological innovations that could enhance service delivery and response times.

“Which is why we have introduced the AD-Gen ambulance. It addresses the pressing need for cost-effective yet high-quality medical transportation solutions that meet stringent standards for governments, private healthcare providers NGOs, healthcare centers, residential societies, and commercial workspaces across India.” Mr. Arihant Mehta added.

Design and Performance

In a country where medical emergency transportation often falls short despite rapid advancements in other sectors like food and grocery delivery, the introduction of this semi-premium ambulance underscores a critical need for strengthened healthcare infrastructure. When emergencies strike, especially during the critical 'golden hour' following traumatic injuries or severe medical crises, the swift arrival of a well-equipped ambulance can significantly impact outcomes, potentially saving lives.

Speaking about the unique design elements of the AD-Gen Ambulance, Mr. Sachin Deshmukh, Executive Director of Pinnacle Industries, highlighted, “One of the standout features of the AD-Gen ambulance is the complete interior upgrade using Automotive ABS (Acrylonitrile Butadiene Styrene), renowned for its impact resistance, thermal insulation, and antibacterial properties. Its single-piece side panels reduce vibrations and noise while minimizing joints to facilitate easier cleaning and disinfection. The material's chemical resistance ensures durability even when exposed to diverse substances.”

High-strength aluminum rails replace traditional reinforcements, supporting seamless equipment installation without compromising the vehicle's structural integrity. These rails are engineered to withstand 10G loads, further enhancing stability and reducing vibration-related risks. European-standard seats provide comfort and optimized space with their foldable design, complemented by an interior layout designed for emergency efficiency. Unlike conventional Indian ambulances, this vehicle adheres to European standards by accommodating only the patient, a doctor, and either one nurse or family member in the patient’s cabin, eliminating curtains and washbasins for improved hygiene.

Advanced Technological Features

Furthermore, once on-site, majority of ambulances lack adequate onboard medical equipment and technology support to stabilize patients effectively enroute to hospitals. This capability is especially vital in situations like heart attacks, strokes, or severe trauma where immediate medical interventions can prevent further deterioration and improve outcomes. “To address this concern, the AD-Gen ambulance is equipped with advanced life support systems including a defibrillator, ventilator, electric suction pump, and infusion pump, securely fastened yet readily accessible, ensuring swift deployment during critical situations.” Mr. Deshmukh added.  

The oxygen cabinet in AD-Gen features a Digital Oxygen System for precise monitoring and programmable alarms. A dedicated drug cabinet enhances the accessibility and protection of medications, minimizing delays and errors during emergencies. Adjustable interior lighting ensures optimal visibility without glare, which is crucial for nighttime operations. Integrated electronic systems in the AD-Gen include a control screen, Mobile Data Terminal (MDT), and Digital Oxygen Delivery System (ODS) control panel for streamlined access to vital signs, communication systems, and navigation tools, reducing distractions for medical personnel. These monitors provide real-time data to paramedics and EMTs, enabling them to assess the patient's condition and intervene promptly if necessary.

IT infrastructure of AD-Gen includes a rugged tablet with an EMSO App for Electronic Patient Care Reporting (ePCR), GPS, live traffic updates, and attendance management. Additional IT features encompass 4G-based GPS, RFID, VTMS, and NFC tags for comprehensive operational efficiency.

Furthermore, the effective coordination between ambulance services and healthcare facilities ensures seamless transfer of patients, enabling continuity of care from the scene of the incident to specialized treatment at hospitals. This integration is facilitated through communication systems and protocols that streamline information sharing and medical decision-making. The AD-Gen ambulance’s ability to provide rapid response, deliver critical medical interventions, and facilitate timely hospital transfers can make a profound difference in emergency situations, potentially saving lives and mitigating the impact of medical emergencies on individuals and communities.

With a focus on innovation, quality, and reliability, Pinnacle Industries remains committed to advancing healthcare infrastructure through continuous technological advancements and collaborations with healthcare providers and government entities.

Ultra Soft Toys Unveils Noida Facility Expansion At Toy Biz 2024, Eyes Major Revenue In Educational Toys Segment

Ultra Soft Toys, a leading name in the Indian toy industry, unveiled its ambitious plans for global expansion and enhanced production capacity from its state-of-the-art manufacturing facility in Noida during the 3-day Toy Biz 2024 exhibition held at Pragati Maidan in Delhi. This strategic move underscores Ultra Soft Toys' commitment to meeting the growing demand for its high-quality plush toys and innovative designs. Ultra Soft Toys showcased a diverse range of products, including Plush Animals, Educational Toys like themed cube plushies, themed soft toy play books, and Travel-Friendly Accessories. The company's booth attracted significant attention with new offerings tailored for toddlers and educational purposes, demonstrating Ultra Soft Toys dedication to combining fun with learning.

From the House of Ultra Group, Ultra Soft Toys specialises in crafting high-quality toys. With a 40-year legacy, Ultra Group is a pioneering force in the entertainment industry, excelling in content production, acquisition, distribution, and syndication of Indian and international content. Ultra Soft Toys embodies the values of trust, quality, and customer-centricity that are hallmarks of the Ultra Group. This venture continues to expand its reach, making a significant impact in the gifting industry by offering products that bring joy and comfort to families across the globe.

Mr. Sushilkumar Agrawal, Chairman and Managing Director of Ultra Media & Entertainment Private Ltd shared, “The focus on educational toys segment marks a pivotal strategy moving ahead for Ultra Soft Toys to capture a larger market share. The company anticipates significant revenue growth in this segment as parents increasingly prioritise toys that promote foundational learning and development in children. The acquisition of an additional manufacturing facility in Noida, effectively doubling our production capacity, positions us strongly to meet the increasing global demand while upholding our standards of quality and innovation”. The company showcased a variety of products including Plush Animals, Educational Toys, Themed Toys, Travel-Friendly Toys, Regular Fibre Pillows, Neck Pillows, Baby Seaters, Plush Bags, Sling Bags, and Rattles at the Toy Biz 2024. 

“With a strong footprint in over 65 malls and retail stores nationwide, Currently Ultra Soft Toys has a product range of over 100 products with 225 SKUs. “We are planning to expand to 200 products with 375 SKUs by end of FY24-25. The company has advanced its omni-channel strategy, with its offline presence which now spreads across 35 cities in 11states of India. We have consistently achieved a 27% growthYOY”, Mr. Sushilkumar Agrawal, Chairman and Managing Director of Ultra Media & Entertainment Private Ltd further added. The Indian toy market is projected to reach $4.4 billion by 2032, growing at a CAGR of 10.6%.

In addition to its international expansion, Ultra Soft Toys is enhancing its e-commerce presence to make its products more accessible globally with its D2C platform. Products are currently available on www.ultrasofttoys.com, Amazon, Flipkart, Firstcry and more.  

"Our expanded production capacity and focus on international markets underscores our dedication to delivering exceptional products that resonate with families worldwide. Currently, we export to European and South African countries, with plans to expand into the Middle East and the USA this fiscal year”, shared Aishwary Gupta, Business Head for Merchandise & Sales at Ultra Soft Toys.

About Ultra Soft Toys:

Ultra Soft Toys is a leading manufacturer and exporter of plush toys based in Noida, India, and a distinguished venture of the 40-year-old Ultra Media & Entertainment Private Ltd. With a strong emphasis on quality and innovation. Ultra Soft Toys offers a wide range of products including plush animals, educational toys, and travel-friendly accessories.

Marriott Bonvoy Delivers Extraordinary Moments With The Mercedes-AMG Petronas F1 Team In Singapore

* Enter for a Chance to Win an Exclusive Sweepstakes Package for the Race in Singapore in September 2024

Marriott Bonvoy, Marriott International’s award-winning travel program, is once again poised to offer its members thrilling, once-in-a-lifetime experiences at the highly anticipated race in Singapore. Ahead of Singapore’s marquee sporting event of the year, Marriott Bonvoy and The Ritz-Carlton invite members to experience the thrill of a race weekend through its partnership with the Mercedes-AMG PETRONAS F1 Team.

This year, the ‘Marriott Bonvoy Sweepstakes: Experience Legendary in Singapore’ will elevate the race weekend for one lucky winner and their guest from select markets including India. Enroll in Marriott Bonvoy for free for the opportunity to experience legendary with a bespoke experience which includes:

*   An exclusive Meet & Greet session with Mercedes-AMG PETRONAS F1 Team member, Mick Schumacher 

*   Behind-the-scenes access and VIP hospitality throughout the race weekend

*   Topped off with various surprise and delights throughout the week

Entry to the sweepstakes for eligible members will open from 8 July – 19 August 2024 on https://www.joinmarriottbonvoy.com/SingaporeRace/.

In addition to the sweepstakes, Marriott Bonvoy Moments™ offers members the opportunity to redeem points for an ultra-exclusive experience with Mercedes-AMG PETRONAS F1 Team, inviting them to savor the thrilling world of motorsports up close and fuel their passion amidst the roar of the engines. Fifty packages will be available for bidding from 22 July – 23 August 2024, for more information and packages inclusions check out the Marriott Bonvoy Moments platform.

In 2019, Marriott Bonvoy became the "Official Hotel Loyalty Program" for the Mercedes-AMG PETRONAS F1 Team, and The Ritz-Carlton the team’s first ever "Official Hotel Partner". The collaboration has resulted in the delivery of stand-out experiences for Marriott Bonvoy members in Melbourne, Montreal, Budapest and around the globe.

For more information and to sign up for Marriott Bonvoy for free, visit www.marriottbonvoy.com. 

WhatsApp Introduces Context Card In Group Messaging To Help Keep Users Safe

* WhatsApp is rolling out a new feature that will help users stay safe in group messaging. 

If you’re added to a group by someone you don’t know, you’ll now see a context card giving you more information about the group. This includes who added you, how recent the group was created, and who created it. From there, you can decide whether to stay or leave the group, and review some of the safety tools available to stay safe and secure on WhatsApp. 

This is particularly helpful if you just met someone or a group of people, and haven’t yet saved them in your contacts – or it can help confirm whether or not it’s a group you know or want to be in.

This update provides WhatsApp users with another layer of safety and security, building on existing features like silencing unknown callers, chat lock, in-app privacy check-up, and controlling who can add you to groups. It’s also similar to the current experience in 1:1 messaging, where you’re given more context if you’re messaged by someone you don’t know.  

This has already begun rolling out to users, and will be available to all users in the coming weeks.

MichelinI In Collaboration With DPIIT And Startup India Is Proud To Present The Michelin AI Startup Challenge

* The challenge to be conducted over a span of three months (July-September’24)

* Focus on emerging AI technology like LLMs and AI agents

* Winners will receive paid pilot projects from Michelin, with up to INR 5 lakh per project besides opportunity for long-term global contracts and mentorship from Michelin leadership.

Michelin, world’s tyre technology leader, announced its collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry to launch the sector’s first AI Startup Challenge, aiming to promote innovation and entrepreneurship.

The AI Challenge was launched in presence of Shri Sanjiv, Joint Secretary DPIIT and Shri Sumeet Kumar Jarangal, Director DPIIT and hosted by Dr Ambica Rajagopal, Michelin Group Chief Data and AI Officer and Shri Shantanu Deshpande, Managing Director, Michelin India. A special recorded address was given by Shri Rajesh Kumar Singh, Secretary DPIIT.

The AI Startup Challenge aims to select, mentor, and collaborate with leading AI startups in India. Hosted on the Startup India portal, this 12-week challenge invites startups to submit applications showcasing their capabilities. Selected startups will receive mentorship, and the top 8 will pitch at a demo day in Delhi in September 2024. The top 3 startups will receive paid pilot projects from Michelin, with upto INR 5 lakh per project, and the opportunity for long-term global contracts and incubation support from Michelin leadership. The AI challenge will go a long way in encouraging Indian Startups to co-build solutions in areas such as manufacturing, supply chain, operating software and infrastructure.

Shri Rajesh Kumar Singh, Secretary, DPIIT shared, "Michelin and Startup India, through the AI Challenge, invite Indian startups to co-build technical solutions using large language models for business use cases. The Michelin AI Startup Challenge offers opportunities to develop solutions in manufacturing, supply chain, operating software, and infrastructure, leveraging AI and robotics to enhance manufacturing processes, improve product quality, boost safety, and reduce defects. This initiative aims to create sustainable products and expose Indian talent to global contexts and clients. I encourage all DPIIT-recognized startups to apply for the program and wish them the best."

Shri Sanjiv, Joint Secretary, DPIIT highlighted the importance of public private partnership and the key role that manufacturing companies like Michelin play in bringing the right set of resources to help elevate the entrepreneurial ecosystem of the country. He also focused on the Department’s commitment in empowering startups to scale their innovations and make a lasting impact on a global scale.

Shri Sumeet Kumar Jarangal, Director, DPIIT spoke about the importance of AI and the government's focus on advanced manufacturing and automation. He congratulated the Michelin team for developing a program completely synergistic with the nation's vision.

Dr Ambica Rajagopal, Michelin Group Chief Data and AI Officer at Michelin India, expressed her excitement about the collaboration, stated, "There has never been a more exciting time for startups in the AI world and we are delighted to contribute significantly to advancing India's technology sector. It is a proud moment for us to strengthen our commitment to the AI industry in collaboration with the government’s visionary Startup India initiative."

Commenting on this initiative, Mr. Shantanu Deshpande Managing Director, Michelin India stated, "At Michelin, we are committed to a greener future where sustainability and innovation are at the forefront of our efforts. We eagerly anticipate the participation of Indian startups in the AI challenge as we co-build global solutions together."

This initiative will be conducted in multiple stages, starting with outreach and applications in July 2024, followed by shortlisting and mentorship until September 2024. The grand finale will feature shortlisted startups presenting their solutions to a panel of judges from Startup India and Michelin India.

DPIIT has been proactively working towards mobilizing startups in the manufacturing space, and to provide them with early-stage support necessary for their growth. The Department is building an initiative to bridge the gap between industry and startups, by supporting with setting-up of incubators and incubation programs led by the industry. The initiative aims to empower manufacturing startups with innovative technologies and sustainable practices, enabling them to become leaders in the global market through incubation supported by the industry.

The AI challenge also marks a significant initiative within Michelin's broader innovation program in India, focusing on fostering collaboration with local startups in digitalization, commercialization, mobility, advanced materials, and sustainability.

This collaboration between DPIIT and Michelin India is an important catalyst in providing manufacturing startups the platform to pilot and finetune their technologies, allowing for larger participation in the manufacturing ecosystem by startups. It will also act as a catalyst to further the positioning of Bharat as a manufacturing nation through partnership between public and private sector.