IKEA, the largest furniture retailer, finally launched their showroom in India after a fair amount of struggle. The opening was initially intercepted in 2006 due to the Indian restrictions on foreign investment. The rules were later relaxed.
When it finally opened on 9 August, a staggering number of 40,000 customers visited the store on the first day.
— ANI (@ANI) August 10, 2018
The Swedish Ambassador, Klas Molin, attended the opening ceremony along with the Information Technology, Municipal Administration and Urban Development (MAUD,) Textiles and NRI Affairs Minister of Telengana, K Taraka Rama Rao.
Situated on a 13 acre land on the outskirts of Hyderabad with over 7,500 products on sale, IKEA expects over six million consumers to visit the store every year. By employing over 950 people at its Hyderabad store, IKEA aims at creating over 1,500 additional jobs.
Ikea’s first India store looks like this.
— BloombergQuint (@BloombergQuint) August 8, 2018
To suit the Indian market, the Swedish brand has made various alterations as the average annual salary in India is less than $2000. The changes include the sale of idli making appliances, as well as spice boxes for people who, according to John Achillea, Store Manager, have “big aspirations for their homes and small wallets.” For example, a cutlery set for kids costs only Rs. 131. There are over 1,000 items on sale for less than Rs. 200.
— BBC Business (@BBCBusiness) August 9, 2018
The store includes a 1,000-seat cafeteria that is among the largest in India. There have been changes made to the classic IKEA menu. For example, the Swedish meatballs have been replaced by Samosas, Biryani, and Dal Makhani.
The lack of “Do It Yourself” (DIY) culture and the abundant amount of cheap labour available, the company has partnered with UrbanClap, an application that connects handymen with customers, to provide more services.
IKEA plans to expand in India over the next few years with stores in Bangalore, Mumbai and a suburb of New Delhi. It has invested over Rs. 10 billion and plans to hire over 15,000 employees in the country by 2025. IKEA said half of its Indian team of workers would be women.
IKEA is going to revolutionise the furniture industry as most of the Indian consumers buy non-brand furniture. Its major competitors currently range from Godrej Interio, Future Group’s HomeTown to Durian Furnitures.
Spotted this morning on the conveyor belt at Hyderabad airport: lots of #Ikea cartons. All empty. Just announcing that the first Ikea store in India opens today! How cool is that. Take a bow – whoever thought of this innovation. And welcome to India @IKEAIndia pic.twitter.com/9YkrTgdZtq
— Prakash Iyer (@prakashiyer) August 9, 2018
CardByte Launches Contact Management and Business Networking App to Revolutionize Businesses
CardByte, a contactless contact management and business networking company, steps foot in the Indian market to disrupt businesses and elevate the number game for individuals and organizations. The venture is a card-based networking and contact management platform for individuals and companies that are driven and regulated with proprietary AI-integrated management systems.
Not only is the company bridging the gap by launching an application to stay in touch with one’s contact but also staying environmentally conscious of its choices. CardByte’s digital-only model aims to reduce the paper print across the globe and prevent deforestation for manual contact cards and networking.
Reinstating a new normal with its digital services and features, CardByte aims to aid individuals, enterprises and companies that can’t afford fancy, hefty-priced automated solutions for contact management and regulation. It further assists people in managing and arranging contacts; scanning, finding, and updating contacts in real-time for immediate help and increases the overall productivity of individuals, clients/ businesses. In addition to this, CardByte is helping people to stay connected and updated with their network.
CardByte intends to take the sector by storm with its features and services including contact directory with organizer to organize contacts by industry, profession, and build one’s business and professional network, online/offline sharing of business cards, AI-powered online/offline card scanner, enabling discovery to help people explore known contacts and get connected to mutual contacts and maintaining privacy to have complete control over your information.
Mr. Navinn Kapur, Co-founder & Director of Scientia Solutions Pvt. Ltd.
Commenting on the launch, Mr. Navinn Kapur, Co-founder & Director of Scientia Solutions Pvt. Ltd., said, “CardByte is our effort to revolutionise the way people manage their contacts. Helping businesses grow accurate contact information and periodic upgrades with time, I see people understanding the perks of organising their contact book digitally and regulating their connections to network better even in this low touch economy. CardByte is not only something that helps people organise their contacts at the tip of their finger but also respects their privacy and confidentiality while being easy-to-use. It helps the customers in structuring their contacts digitally, network socially along and enable them to take control of their data while allowing seamless integration of all their information in our AI Directory.“
He further added, “CardByte is meant to be a part of your routine, making you come back to it every time you need help with your contacts or your social circle. With the launch of the app, we further envision to introduce the enterprise version of the product soon this year and enable our customers to have experience Augmented Reality and conversational AI through our product.“
Atrimed Pharmaceuticals Introduce – Vyvuz: A Capsule that can Inhibit Viral Replication
Bangalore based Atrimed Pharmaceuticals recently launched their new find ‘Vyvuz Capsules’, a highly researched product licensed by the “Drug Authority of Kerala” that has been shown to inhibit the virus by up to 99.9%.
Vyvuz capsule jar
In the wake of the Omicron threat, it has become imperative to have a multi-pronged strategy to combat SARS CoV2. Dr. Hrishikesh Damle, M D & CEO – Atrimed Pharma stated that “As we know, vaccines are a good way to prevent the severity of the disease.” He continued, “Other measures like medicines that can prevent the replication of the virus also have a major role. With the ease of use and affordable price, all primary contacts, those who are travelling, attending gatherings or school-going children, can be protected against the virus with the addition of Vyvuz to existing measures.” Since it is known to be safe, Vyvuz has ingredients that have been tested in the Government of India Biotechnology labs and have been shown to inhibit the virus by up to 99.9%.
Atrimed Vyvuz Press Conference
It is going to take longer to achieve 100% vaccination with two doses among the eligible population. Children aged 15 to 18 are recently approved to be vaccinated. A booster for all is a distant dream currently. At this juncture, Vyvuz comes as a welcome alternative that can be added to the current effort. This formulation has been tested against the ‘Delta‘ variant and was found to be effective. AI based studies prove that it is also effective against the ‘Omicron‘ variant.
The formulation contains Centella Asiatica, Withania Somnifera, and Andrographis Paniculata. Atrimed has conducted In-Silico, In-Vitro, In-Vivo, Phase 1 and Phase 2 clinical trials. The formulation was proven to be effective in reducing inflammatory markers and hence early symptomatic relief in COVID patients. The present formulation has been developed through the meticulous research carried out by Atrimed, and we request all Ayurvedic Doctors to judicially prescribe the product.
About Atrimed Pharmaceutical Pvt. Ltd.
Based in Bangalore, develops medicines from plant based molecules to develop drugs that cure diseases which have plagued humanity such as Psoriasis, Acne, Arthritis and more. It combines the traditional cures with the knowledge base created from computer aided drug design, biotechnology and Artificial Intelligence to establish a library of plant molecules, some 400,000 strong, the largest in the world. Its products cater to Skin and Hair care, Mother and Child care, and Bone related diseases, Nutrition, Metabolism and Allergies. The pharmaceutical company was sent to BIO 2019, Philadelphia, USA which is the largest Biotechnology Expo in the world by the Karnataka Government to showcase Karnataka’s biotechnological ecosystem to learn more about the perspectives of high-level government officials, key thought leaders and experts from around the world on the new opportunities and challenges facing the global biotech industry.
For further information, please visit: atrimed.com.
Goa Eyes Investment Opportunities from India Pavilion
The state of Goa is ready to showcase its tourism prowess and business opportunities available in the state to global investors during its participation at India Pavilion in EXPO2020 Dubai.
Dr. Aman Puri, Consul General of India in Dubai and Mr. J Ashok Kumar, Secretary, Industries & Tourism, Government of Goa at the Goa Week inauguration ceremony at India Pavilion, EXPO2020 held yesterday
The state’s floor was inaugurated yesterday by Mr. J. Ashok Kumar, Secretary to Chief Minister, Sports & Youth Affairs, Tourism, Industries Trade & Commerce, Handicrafts Textile & Coir, Mr. Sanjay Kumar, Secretary – Revenue, Information Technology, Labour & Employment and Mrs Swetika Sachan, Director, Directorate of Industries, Government of Goa at the India Pavilion Dubai EXPO2020.
Inaugurating the state’s floor, Mr. J. Ashok Kumar said, “The state of Goa is proud to be a part of the EXPO2020. The state looks forward to this opportunity to showcase its vibrant culture and invite investors to explore our major focus sectors such as Agro & Food Processing, IT & Knowledge-based Industry, Pharmaceutical & Biotechnology, and Tourism.”
Mr. Sanjay Kumar said, “IT is a main area of thrust in the state. We have progressive policies such as the IT Policy 2017, and the Start-up Policy, 2021 with attractive incentive packages. We have also developed a new Electronic Manufacturing Cluster where plots of varying sizes are available for allotment.”
Ms. Swetika Sachan, CEO, Goa Investment Promotion and Facilitation Board said, “I look forward to connecting with the Goan diaspora of the region and discuss the investment potential of the state. IPB is the single window agency of Goa, and we are here to offer the desired support to those looking to Goa for their next investment.”
Goa will be making a strong pitch to the global investors by showcasing its business capabilities along with its tradition and culture through a series of events exhibiting opportunities across key focus sectors including Education, Tourism, Financial Services, Pharmaceuticals & Biotechnology, Agro-based and Food Processing Industries and Aviation, Aerospace and Defence among others.
On the Goa inaugural event, Ms. Tadu Mamu, Consul – Press, Information, Culture & Labour, said, “Goa is one of the most attractive tourist destinations in India and one of the upcoming investment destinations offering great opportunities. The Goa Week at India Pavilion will host various business meetings and cultural events showcasing the prowess of the state across different sectors.”
The Goa week will also see industry-specific expert sessions, roundtable discussions, B2B & G2G meetings along with cultural performances by renowned artists and Goan Band.
Goa is the smallest state in the country with a rich heritage, serene atmosphere and well-developed infrastructure. Goas economic growth is driven by the strong performance of its industrial sectors such as tourism, fishing, agriculture and pharmaceuticals.
Tourism is the backbone of the state’s economy, with 40% of the population directly or indirectly dependent on it. The state has recently framed a new tourism policy to offer a uniquely Goan experience to visitors by presenting a versatile concoction of historic, natural, ethnic, cultural locations and attractions.
The Goa week will conclude on 20th January 2022.
To know more about India Pavilion at EXPO2020 Dubai, please visit:
Website – www.indiaexpo2020.com
Facebook – www.facebook.com/indiaatexpo2020
Instagram – www.instagram.com/indiaatexpo2020
Twitter – twitter.com/IndiaExpo2020s=09
To know more about EXPO2020 Dubai, please visit –www.expo2020dubai.com/en.
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- Atrimed Pharmaceuticals Introduce – Vyvuz: A Capsule that can Inhibit Viral Replication
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