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POWER OF THOUGHTS

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SUDHIR TIWARY Director, Tender Heart School

HASAN NAQVI Investment Director, Anza Investment

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ZENOFAR FATHIMA CEO, Zen Film Production

RAJESH ROONWAL Managing Partner, Meraki Infra Global

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G-20 is a Great Opportunity

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ith Indonesian President Joko Widodo handing over the gavel, Prime Minister Narendra Modi took the lead in the G-20 process that will place India at the forefront of consensus-building among the world's biggest economies of the year. The presidency, which beganin December, comes at a time when the world is grappling with economic difficulties and global recessionary tendencies. Added to this is the political polarisation between the USA, the European Union and Russia, in the G-20.

Despite fears that G-20 members would fail to provide a joint statement, Sherpas of every delegation persevered to succeed in a 17-page agreement document. Expectedly, there was hassle over the paragraphs on the Russia-Ukraine conflict. Asian nation’s role in tempering a number of the language throughout the negotiations has been highlighted. The bulk of the G-20 leadership wasn't in favour of equivocating on the conflict, as India and some alternative countries are doing. The joint communique aforesaid that “most members powerfully condemned the war in Ukraine”. it had been a positive sign that where as Russia protested the statement, its secretary of state Sergey Lavrov was present, and President Putin’s absence really contributed to a lot of manageable summit for Indonesia. The fact that Mr. Modi conjointly extended his hand to Chinese President Xi Jinping through out the banquet is in distinction to their stony manner at the SCO summit.

Where as Mr. Modi could justify the shift domestically, his call to talk to the Chinese President conjointly reflects the sensible reality that India, as host of the G-20 and also the SCO in 2023, can get to make sure the full participation of these groupings that embrace rivals admire China and Pakistan. Much such pragmatism is necessary for India in its year of the G-20 presidency, with about two hundred conferences planned to attain this national capital will achieve board all countries with its vision for the forum’s future — steering the world’s economic leadership through this troublesome phase and getting ready for future perils together with global climate change and world warming, food and energy shortages, the act of terrorism and conflict and bridging the digital divide.

OBSERVER DAWN MEDIA & ENTERTAINMENT PRIVATE LIMITED Publisher/Printer/Editor: Dr. Hariom Tyagi Published from B-97, Sector -63, Noida-201301, U.P. Printed at Modest Print Pack Pvt. Ltd., C-52, DDA Sheds, Phase-I, Okhla Industrial Area, New Delhi-110020 www.observerdawn.com • info@observerdawn.com Contact No.: 0120-4804747

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DAWN

BRIEFING 10

NEWS Ace Group announces possession of Ace Divino

11

NEWS Miraj Cinemas enters Bengaluru with its first multiplex

28 COVER STORY Tulip Monsella An Ultra luxurious Housing Project developed by Tulip Infratech.

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NEWS NAREDCO Organised Haryana Real Estate Summit 2022

DAWN

January 2023

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CSR Gau Mata Sewa Should become a National Mission

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OPINION Our constitution has been a great tradition of India

OUTLOOK: AFFORDABLE HOUSING Affordable Housing Has an upside potential formassive growth

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PERSONALITY Dr. Verghese Kurien Father of the white revolution

AUTOMOBILE India's Target of Achieving 100 percent Electrification in Automobiles by 2030

SPECIAL STORY

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INTERNATIONAL BUSINESS SUMMIT and Awards Organised to Boost Indo-UAE Ties

BUSINESS BUZZ CREDAI Hyderabad organise ‘Real Estate Investment Conclave 22

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SPORTS The Rise of New Cricket Horizons The World Cricket Council (WCC), registered in Houston

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January 2023

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NEWS

Ace Group announces possession of Ace Divino

G

etting ready for delivery, Ace Divino has recently received the occupancy certificate (OC) from the Noida Authority. Delhi-NCR, After successfully delivering numerous outstanding residential and commercial projects across the NCR, renowned real estate developer Ace Group has announced that it’s now engaged in delivering its premium residential project Ace Divino located at Greater Noida West. Ace Divino has recently received the occupancy certificate from the Noida authority. In line with the Ace Group’s commitment to timely delivery of projects to its valued customers, the project is getting ready for possession despite the setbacks due to COVID-19 and the rise in air pollution.

Sharing the information, Ajay Choudhary, CMD of Ace Group said, “It has been our strong forte to deliver our projects on time to the customers with zero compromises on quality. Ace Divino holds a special place for us as a group as it is one of the most successful projects in the geography of Greater Noida West. We are fortunate that

we ended up on the better side despite the halts created by nature.”

“We congratulate all the homebuyers of Ace Divino as they are getting ready to move into their new home here. I am very much sure that we will get the same praise and affection for the project by its residents as we have received for all our completed projects," added Choudhary. Located in Sector-1, Greater Noida West, the luxury residential project ‘Ace Divino’ offers elite 2, 3 & 4 BHK apartments and penthouses. The project is supplemented with all the modern features

and amenities like a double-height entrance lobby, exclusive garden floors & penthouses, table tennis, billiards halls and varied indulgences. The project also includes a kids’ play zone, a cobbled drop-off with a feature wall, restricted one-point entry for safety, and a luxury clubhouse offering the best-in-class amenities. Ace Divino has witnessed an overwhelming response from homebuyers, so much so that with the possession date nearing, the inventory at Ace Divino is running out.

Admissions open in Ramagya School’s upcoming branch in Noida Extension

W

ith only limited seats available, Ramagya School has announced a waiver of admission fees for admissions in its upcoming branch in Noida Extension for the new academic session (2023-24). Continuing with its legacy of providing high-quality education, Ramagya School, one of the pioneering schools in India, has invited applications for enrollment in its upcoming branch at Noida Extension in the new academic session. As an inaugural offer the School has announced a full waiver of the admission fee for the new academic session.

To find detailed guidance regarding the admissions at Ramagya School’s new branch in Greater Noida, the aspiring candidates can also speak with the admission assistance team of Ramagya School. Announcing the admission schedule for Ramagya School, Noida Extension, Utkarsh Gupta, Managing Director, Ramagya Group said, “We are all set to welcome the first batch of students at our new branch at Noida Extension. At Ramagya School, we believe in experimental learning and providing opportunities for the holistic development of children

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January 2023

blended with academic excellence. We emphasize the use of the latest technology in imparting education. So, the students get an opportunity to grow their passion and realize their potential to the optimum level.”

Offering environment-friendly and green infrastructure, Ramagya School at Noida Extension aims to provide a unique and conscious learning experience.

The branch will have classroom blocks built at various junctions to create breakout spaces. Instead of using expensive technology for thermal comfort, the infrastructure of the school is guided by the open courtyard principle, and it will have more

space for the students to come out and enjoy.

NEWS

JATF has appointed Vinod Dugar as a Chairman

N

ew Delhi, Dugar, co-promoter of RDB Group, and investor in 40+ startups, has been appointed as Chairman of JITO Administrative Training Foundation (JATF).

JATF desires to facilitate and fortify the system of strengthening the youth for a better tomorrow for the nation. JATF seeks to incarnate and develop a stream of young, energetic, unified and highly skilled people to serve the cause of humanity, brotherhood, nonviolence, and peace. JATF strives to achieve its goals by providing selfless service to society and enriching the lives of students and their families across the country. JATF's primary goals include empowering education and shaping youth futures.

"In today's world, effective and honest governance that is accessible, transparent,

and of high quality is critical for a nation's economic empowerment and moral development. "The nation, the states, and society expect that the Indian Civil Services provide excellent opportunities for selfdevelopment while serving the community and society at large," said Dugar. "The primary goals of JATF are to prepare and train more and more brilliant youth for participati in civil services for the upliftment of the nation through efficient and effective governance."

JATF "wishes to facilitate and strengthen the process of preparing youth for civil service in order to achieve economic, social, and political empowerment for the nation and community."

Being a part of JITO, a global organisation set to achieve socio-economic empowerment, value-based education, community welfare,

practise of compassion and spiritual upliftment of fellow beings through global friendship Vinod Dugar played an active role in developing significant education, knowledge institutions, economic empowerment, and spiritual awakening in order to perpetuate the Jain principles of non-violence, noble charities, and a peaceful world with compassion for all living beings, resulting in a harmonious and happy world.

Dugar has been deeply engaged in charity work and the formation of social enterprises with the goal of reducing inequity and promoting social mobility by identifying and filling systemic shortfalls. His charitable initiatives include free access to primary, secondary, and tertiary healthcare; financial assistance for higher education; and ecosystem restoration through afforestation.

Miraj Cinemas enters Bengaluru with its first multiplex

M

umbai:India’s fastest-growing multiplex chain, Miraj Cinemas, has opened its first six-screen ultra-luxurious multiplex in the city today. The move is expected to help spur growth in the region’s cinema sector and provide a state-of-the-art cinematic experience coupled with best-in-class gourmet food options. It is located on the first floor of TGN Lotus Elite, above D-Mart, Magadi Main Road, Sunkadakatte, Bangalore North. T.G. Narasimha Murthy, MD of TGN Lotus Mall and Amit Sharma, MD of Miraj Entertainment Pvt. Ltd., lit the lamp and cut the ribbon to mark the occasion. Other city luminaries were also present at the grand launch of the first multiplex of Miraj in the city.

The newly launched multiplex promises to offer an immersive movie-watching experience and has a total seating capacity of 1283 seats, including 1203 ultra-comfortable seats and 80 recliner seats, and a palatial lobby. The perfect place to catch the latest international and Indian blockbusters for cinephiles in elegance! To enhance the cinema viewing experience of its patrons, Miraj Cinemas has installed top-notch Christie RGB Laser CP2320 2K projection systems and 7.1 Digital Dolby sound system in four screens and Dolby Atmos sound in two screens. In addition, the café is fitted with the latest processing equipment and maintains hygiene and sanitation standards around the clock. Along with the live kitchen, the multiplex chain is launching its first independent Beanary Café with various food and beverage options.

Amit Sharma, MD of Miraj Entertainment

Pvt. Ltd., said, “It is indeed a momentous day for us as we open our flagship multiplex in Bengaluru. Bengaluru is one of the country’s most vivid and progressive cities, and we look forward to being a part of its growth story. With the launch of Beanary Café, which will be open to all regardless if you are there to watch a film or not, and our signature live kitchen Cafe’s Corner, we are confident that the multiplex will be well-received by the people here.

It will surely add to this booming city’s already vibrant culture and nightlife scene. Furthermore, setting up the multiplex in Sunkadakatte will attract more footfalls to this area and contribute positively to the city’s growing reputation as a key destination for films and filmmaking. It is a truly world-class facility that will provide an outstanding movie-going experience for our customers.”

cities. As a result, Miraj Cinemas has become India’s fastest-growing multiplex chain, with 172 screens at 57 locations across 14 states and 40 cities. With an intent to create a benchmark for launching 70-75 screens yearly, the company plans to expand to 200 plus screens by FY 2023. It also plans.

After a decade-long journey, with Mr. Sharma’s leadership, Miraj Cinemas has finally opened its first six-screen multiplex cinema in Bengaluru. Karnataka state has been extremely receptive and supportive of the multiplex chain, and it looks forward to serving the moviegoing population of the state for many years to come. In addition to its national expansion plans, Miraj has kept up with technological advances that benefit moviegoers in tier two and three cities and their counterparts in major metro

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NEWS

Continuing The Noble Mission Dera Dedicated to humanity, Dera Sacha Sauda is well known for its humanitarian work and for being a convergence of various religions. Dera Sacha Sauda, a socio-spiritual organisation with more than six crore followers all around the country and across the globe, is continuing its humanitarian and social welfare work. People from all walks of life, castes, and religions are welcome in the Dera and chant the Supreme God’s name without any discrimination.

D

era Sacha Sauda is engaged in 142 ongoing humanitarian works.

Some of these include helping unemployed citizens by making them independent through jobs or selfemployment, women empowerment, drug de-addiction and rehabilitation campaign, promoting girls’ education through awareness and facilitation, and conducting blood donation drives to fulfil the blood needs of the armed forces. In due course, Dera Sacha Sauda has emerged as the largest blood donor to the Army, Air Force and Navy.

Apart from these, Dera Sacha Sauda is also conducting tree plantation drives. Some of its devotees have even pledged eye donation and donated their entire bodies for medical research after their death. The Dera is equally active for animal welfare too; its entire six crore devotees are required to make the first roti for cows. From time to time, Dera

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Sacha Sauda also runs several initiatives to instil a feeling of patriotism among citizens.

Recently, PM Narendra Modi ran Har Ghar Tiranga campaign and it was supported wholeheartedly by Dera Sacha Sauda, so much so that all its followers hoisted Tiranga atop their houses. The message was: “Raise the glory of the Indian flag and hoist it in every home to fulfil the commitment toward the nation.”

According to Dera Sacha Sauda, “The doors of Dera Sacha Sauda are open for the people from all religions. We understand that the prime job of any reverent Saint is to work for the benefit of the society and the nation.

Dr. Gurmeet Ram Rahim Singh Insaan asks people to unleash their goodness by burning the evils inside them to establish peace and harmony in society.”

After five years, Dr. Gurmeet Ram Rahim

Singh Insaan is back among the devotees who celebrated Diwali this time in the most unique way by kindling the diyas at the homes of the poor, besides organising several welfare initiatives for them.

Dera Sacha Sauda has established several world records for its welfare initiatives and these include the Guinness World record for the largest eye health screening, the most people sanitising their hands simultaneously, the most trees planted simultaneously at multiple locations, among many others.

The humanitarian and welfare activities run

by Dera Sacha Sauda are going on across the country and the entire world. Dera Sacha Sauda has ashrams and devotees across Haryana, Rajasthan, Punjab, Himachal, UP, Delhi, Maharashtra and Gujarat to name just a few states among many others. Its devotees are spread evenly across the world.

NEWS NEWS

In a bid to maximise the effectiveness of existing policies of the Haryana government, apex real estate body NAREDCO hosted a Real Estate Summit.

NAREDCO Organised Haryana Real Estate Summit 2022

From Left to Right – Dr Niranjan Hiranandani, Vice Chairman, NAREDCO; MD HGP Community Pvt Ltd., Dr K.K. Khandelwal, IAS (Retd.), Chairman, HRERA Gurugram, Mr Sukhbir Singh Jaunapuria, Member of Parliament, Mr Ranjit Singh Chautala, Hon'ble Power Minister of Haryana, Mr Parveen Jain, Chairman NAREDCO; CMD Tulip Infratech, Mr Rajan Bandelkar, President NAREDCO, Founder & MD Raunak Group and Mr P.C. Meena, IAS, MD DHBVN & UHBVN

N

a t i o n a l Re a l E s t a t e Development Council (NAREDCO), an apex real estate body which works under the Ministry of Housing & Urban Affairs, hosted the 'NAREDCO Haryana Real Estate Summit 2022' and 'Buyer-Seller Interface' in Gurugram.

"The Haryana Real Estate Summit 2022 gives us a platform to examine the state's projects and programs and assess the possible impact of various policies adopted in the real estate and infrastructure sectors," Parveen Jain, Chairman, NAREDCO said in a statement. Policymakers, industry executives, and experts will joined at the summit to identify solutions to existing issues and compliances in light of the evolving regulatory landscape, Jain said. Haryana is making a lot of effort to provide stakeholders with a conducive environment and to speed up the development of the state's urban and real estate spaces. "The Summit considered the amount of investment that the country get in a variety of areas, including real estate and infrastructure. These ssectors, however, deserve special attention because they provide the most basic necessities to society," said R a j a n B a n d e l k a r, P r e s i d e n t , NAREDCO.

Mr. Parveen Jain, Chairman NAREDCO; CMD Tulip Infratech is welcoming Mr. Sukhbir Singh Jaunapuria, Member of Parliament

Mr. Roop Bansal, Director, M3M India presented a bouquet to Dr. Niranjan Hiranandani, Vice Chairman, NAREDCO; MD HGP Community Pvt Ltd.

From Left to Right - Mr Neeraj Bansal, Co-Lead and COO–India Global, KPMG India, Mr. S. K. Chawla, Chief Engineer/Planning, Design & Construction, Sh P.C. Meena, IAS, MD DHBVN & UHBVN, Mr Pradeep Aggarwal, Chairman, Signature Global, Mr Dharmendra Singh, VP - MEP, M3M India, Mr Rohit Sharma, Director, DLF – DHDL

January 2023 January 2023

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CSR

GAU MATA SEWA SHOULD BECOME A NATIONAL MISSION

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adhviraj Ceepelli, is a man behind giving shelter to protective shelters for the cows who are unproductive in terms of nonmulching of milk. He is the first person in India to introduce Gau–Mata Diksha systematically and start to perform Gau Mata aarti in the morning and evening in Gau–Shala’s. With the objective and with a sense of responsibility towards cows, he established a Public charitable and religious trust in the name of “NAMO MISSION VANDE GAU MATARAM TRUST”. The trust will provide all necessary support to all such cow lovers, who intend to work along the lines of the trust. He has been termed as Cow-Man by people who know him and has also been awarded many titles/awards by social and private organizations. Observer Dawn Business editor Yogesh Sood recently interviewed Madhviraj Ceepelli to know more about his trust and its mission and plans.

What is your mission behind starting this trust?

It is a dire need of the time to ensure the protection of Indian cows from cruelty and slaughter and assists cow shelters/gaushalas in providing a livable environment for cows.

The Trust wants to establish and promote Gaushalas across the country and at least one Gaushala in every district to provide cows proper shelter, feeds, medical facilities and a hygienic atmosphere for them, even if they had become non-productive. The Trust wants to establish one model Gaushala on its own in the NCR region and on the basis of that model will find associate like-minded people in every district; encourage and support them to establish and run Gaushalas.

To increase spirituality, the Trust will also set up a “Gaumata Temple”.

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What is the revenue model of the trust?

The Trust will generate revenue from the sale of its products in the domestic and international markets. Further, the trust will also apply for grants/subsidies from the government under the various schemes launched by the government. Converting the Gaushala to temples and providing cow therapy will also add a source of income.

Gokul Mission for the establishment of integrated cattle centers, Gokul Gram.

The Biogas Power (Off-Grid) Program (BPP), is various scheme provided by Central/State Governments to promote. Moreover, the Trust shall receive donations from cow lovers to attain its objectives What are the working/financial projections for funding to the trust?

The project cost will be approximately 85 Crore. The cost of the project will be funded through the corpus donation from the Trustees and cow lovers. The Trust also seeks to take a grant from the Government for furthering the objectives of the government of India and promoting the protection of cows.

WHAT IS THE VISION BEHIND SETTING UP NAM MISSION VANDA GAU MATRAM? The Foundation aims to support as many cows as possible to live under these principles of humane care. At this time when financial profit is seen as the top priority in most endeavors, it is not financially viable for farmers to keep their cows once they have stopped producing milk. The foundation will propagate the utilities of cows for the human being and increase awareness of products made of cow dung, urine at the same time provide protective shelters for the cows who are unproductive in terms of non-mulching of milk.

OPINION

OUR CONSTITUTION HAS BEEN A GREAT TRADITION OF INDIA FOR

THOUSANDS OF YEARS - NARENDER MODI

S

ome certain days and occasions strengthen our bond with the past. Motivate us to work in that direction for a brighter future. The 26th of November is one such historic date. We duly adopted the constitution with a new look about 73 years ago.

Heavenly voices echoed in the Central Hall of Parliament seven decades ago. Every article of the Constitution was thoroughly debated. Arguments, facts, and ideas were exchanged; faith, dreams, and resolutions were discussed. In a way, this place in the Central Hall of Parliament was the great Kumbh of knowledge, where great efforts were made to put into words the dreams of India's people from all over the country. Countless great men, including Dr. Rajendra Prasad, Dr. Bhimrao Babasaheb Ambedkar, Sardar Vallabhbhai Patel, Pandit Nehru, Acharya Sukrani Ji, Maulana Azad, Purushottam Das Tandon, Sucheta Kriplani, Hansa Mehta, LD Krishnaswamy Iyer, NK Gopalaswamy Ayyangar, John Mathai, who made direct and indirect contributions, have handed us this great legacy in our hands. Just imagine what would have happened if we had been tasked with writing the Constitution today. Despite the shadow of the freedom movement, the flame of patriotism and the horror of the Partition of India, national interest was paramount and was the sole mantra in everyone's heart. In today’s context, binding the entire country full of diversities, many languages, dialects, sects, and princely states through the Constitution and charting out a strategy to move forward, I do not know if we could have written even one page of the Constitution. I want to salute those great individuals because, despite having different points of view, they sat down and wrote a Constitution with the belief that national interests come first. Our Constitution is more than just a collection of articles. Our Constitution is the modern manifestation of millennia of uninterrupted tradition.

As a result, we must adhere to the Constitution in both letter and spirit. When we fulfil this constitutional system as people's representatives from the Gram Panchayat to the Parliament, we must always remain committed to the Constitution in letter and spirit. While doing so, we should recognize the issues that are detrimental to the idea of the constitution. Therefore, we should observe Constitution Day every year to assess whether our actions are correct or incorrect in light of the Constitution.

It would have been better to make the tradition of celebrating 26th November as Constitution Day in the country soon after independence and after the Constitution of India came into effect on 26th January (1950) so that our generations could understand how our Constitution was made, who were the people behind it, under what circumstances it was made, why was it made, where, how and for whom does the Constitution take us to? Suppose all of these issues were addressed on an annual basis. In that case, the Constitution, regarded as a living entity in the world and a social document, could have been a powerful force for a diverse country for generations.

But some people should have taken advantage of the opportunity. What could have been a greater holy occasion (to celebrate Constitution Day) on the 125th birth anniversary of Babasaheb Ambedkar? Babasaheb Ambedkar has given a great gift and we should always remember him in the form of this scripture forever. I must mention what Babasaheb Ambedkar said in his closing speech on November 25, 1949, a day before the Constitution was adopted. Babasaheb reminded the nation that India gained independence for the first time in 1947 and became a republic on January 26, 1950. That is not the case.

India was once independent, and we had several republics.

He also expressed regret that we had lost our freedom and republican character in the past as a result of our own mistakes.

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OPINION In such a situation, Babasaheb had warned the country and asked, "We have got freedom; we have also become a republic; but can we maintain it?" Can we take lessons from the past?

Had Babasaheb been there today, hardly anyone would have been happier than him because India has not only answered their questions over the years but has further enriched and strengthened its freedom and democracy. Therefore, on the occasion of Constitution Day, I proudly remember and bow down to all the colleagues in the legislature, executive, and judiciary who have kept the spirit of the Constitution intact over the last seven decades. I especially bow down in front of 130 crore Indians who will never let India's faith in democracy diminish. Our Constitution has always been considered a holy book, a guiding light.

The 73-year history of the Constitution has brought mixed emotions of joy and elation. The joy is that the spirit of the Constitution has not wavered. If such efforts have ever been made, the countrymen have collectively failed them. The Constitution has not been subjected to criticism. We have been able to progress towards Ek Bharat Shreshtha Bharat because of the strength of our Constitution. We have made all the reforms together within the ambit of the Constitution. For this vast and diverse India, for a new India for a golden, progressive future, only the Constitution, the limitations imposed by the constitution, and the spirit of the Constitution are all we can count on. Our constitution is the biggest and most sacred book for us. A book in which our life, our society, our traditions, our beliefs, our behaviour, and our ethics are included with all of them. At the same time, there are solutions to many challenges as well.

Our constitution is comprehensive because we have kept our windows open for outside light. And along with that, the light within has also been allowed to ignite more.

I'll reiterate what I said in 2014 while speaking from the ramparts of the Red Fort. If I had to summarise the Constitution in two words, I would say "Dignity for Indians and Unity for India."

Our Constitution guarantees the dignity of every citizen. It has

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maintained India's unity and integrity. Our Constitution is the cornerstone of global democracy. It not only makes us aware of our rights, but also of our responsibilities. Our constitution is, in a certain sense, the most secular in the entire world.

There are no limits to what we can accomplish, how big our dreams can be, or where we can go. The Constitution mentions rights, and the Constitution requires the performance of duties. Are we, as individuals, families, and societies, as serious about our responsibilities as our Constitution, country, and citizens' dreams demand? As Rajendra Babu Ji stated, we must establish what is not written in the constitution by convention, which is also a speciality of India.

We have emphasised our rights in recent decades, which was both necessary and correct. Because such systems have been established in society, a large segment of the population has been denied rights. It was only possible to instil a sense of equality and justice in this large group by first introducing them to the rights.

However, the hour needs us to reflect on our duties, responsibilities, and rights as citizens. Because we cannot protect our rights unless we carry out our responsibilities, parents fulfil their responsibilities when they send their children to school. However, if they consciously insist on their child learning the mother tongue, they are fulfilling their civic duty to serve the nation. A citizen also fulfils his civic duty if he saves water drop by drop.

This year marks 75 years of independence. This is Amrit Kaal. It was only natural and necessary to fight for Indian citizens' rights because the British were actively obstructing their rights. It is only natural that everyone, including Mahatma Gandhi, believed that Indian citizens should have equal rights, so he continued to fight. However, it is also true that Mahatma Gandhi tried to prepare the country for duty at all times, even while fighting for the rights of the freedom movement. He continuously tried to sow

OPINION

the seed of cleanliness, adult education, respect for women, empowerment of women, use of khadi and the idea of Swadeshi and self-reliance among the people of the country.

But the seeds of duties that Mahatma Gandhi had sown should have become a banyan tree after independence.

But unfortunately, such a system of governance developed that only talked about assuring the rights of the people as long as they (political parties) were there. It would have been better if the duty had been emphasised after the country’s independence; then the rights would have been automatically protected. Duty gives a sense of responsibility towards society. Rights sometimes lead to a tendency that ‘I should get my rights’ and there is an attempt to frustrate society. With the sense of duty, there is a feeling in a common man that this is my responsibility which I have to fulfil. And when I perform the duty, then someone’s right gets automatically protected, respected and honoured. A healthy society is created as a result of both duties and rights.

It is necessary for us to walk on the path of protecting our rights through duties during this Amrit Mahotsav of freedom.

It is the path of duty in which rights are guaranteed; it is the path of duty which accepts others’ rights with respect and gives them their due. And when we are celebrating Constitution Day, we should always have this spirit that the rights of everyone will be protected if we continue to walk on the path of duty with a greater degree of devotion and rigour.

Today we are fortunate to fulfil the dreams of the freedom fighters with whom they had made India. We should leave no stone unturned to fulfil those dreams.

Constitution Day should also be celebrated because it allows us to evaluate whether our path is right.

I would definitely like to mention what Babasaheb Ambedkar said in his last speech on November 25, 1949, a day before the adoption of the Constitution.

Babasaheb reminded the country that India became independent for the first time in 1947 and it became a republic on January 26, 1950. It is not so. India was independent before and we had many republics too. He further expressed anguish that, due to our own mistakes, we have also lost our freedom and republican character in the past. In such a situation, Babasaheb had warned the country and asked, "We have got freedom; we have also become a republic; but can we maintain it?" Can we take lessons from the past?

In this Amrit Mahotsava of Independence, it is necessary for us to move forward on the path of duty so that our rights are protected.

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PERSONALITY

DR. VERGHESE KURIEN

Father of the white revolution BORN: 26 NOVEMBER 1921 I DIED: 9 SEPTEMBER 2012 In this period of Azadi Ka Amrit Kaal, when the country is moving towards fulfilling its resolve of a developed India by promoting self-reliance, then it is also an appropriate occasion to pay homage to the great personalities who helped India to strive for self-reliance at a time when a newly independent India was trying to make efforts for a giant stride for fast progress. One such personality is Verghese Kurien, who envisioned the White Revolution at a time when the country could not be self-sufficient in milk production. India, which was once dependent on other countries for its milk requirements, is today the world's largest milk-producing country. This has been made possible because of the thinking of Verghese Kurien, who first made the farmers of Kheda, a small Gujarat district self-supporting and then presented to the world the best model of a cooperative organisation like Amul.

The brains behind the success of the white revolution are Verghese Kurien and Tribhuvan Das. Born on 26 November 1921 in Kozhikode, Kerala to a civil surgeon, Verghese Kurien earned a BE degree in Mechanical Engineering from the University of Madras.

After which, he went to the University of Michigan, USA, to do his post-graduation on a government scholarship. According to the terms of the scholarship, he

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was required to work in a government institution for at least three years on his return to the country. Dairy engineering was also a subject in his mechanical engineering. At the same time, just before independence, in 1946, milk-producing farmers in Kheda, Gujarat were agitating against the British government on the advice of Sardar Vallabhbhai Patel. In those days there was a company called Polson that had the authority to buy milk in the region. Kheda and Anand were then part of the Kaira district of Gujarat. The company would buy milk at arbitrary prices and impoverished farmers will benefit nothing from it. Sardar Patel advised the farmers to form a cooperative society and take permission from the British government to set up a Pasteur plant. He told them that if permission was not given, do not sell even a drop of milk. The government had to bow down and thus the Kaira District Co-operative Milk Producers Union was born. Tribhuvandas Patel was appointed its first president and the business started from two villages and an average of 250 litres of milk per day.

By the end of 1949, the government accepted his request. He was preparing to leave Kheda. When Tribhuvan Das Patel came to know about this, he immediately reached Varghese Kurien along with the farmers. After much deliberation, Dr. Kurien decided to join the Kheda District Co-operative Milk Producer's Union.

On 1 January 1950, he joined it as a

When you are holding a cup of tea in your hands in the morning or consuming a glass of milk at night, you are contributing to the biggest movement of Indian selfreliance. Because of this cooperative model's success, India is the world's largest milk producer with a share of 21 percent in the global milk market.

This committee was in its infancy when Dr. Verghese Kurien, who had returned from America after completing his education was assigned to a Government Creamery located at Anand in Gujarat to serve his bond period.

Kurien came in touch with Tribhuvan Das. After several meetings, they got to know each other well.

Kurien continued to help him in many cooperative dairy matters. Kurien who was not feeling very comfortable at this place requested the government several times to give him a posting in some city.

PERSONALITY

manager. The biggest challenge before Verghese Kurien as manager was the growing number of milkproducing farmers. With the farmers joining continuously, there was so much inflow of milk that it was not being consumed. Until that time, in Europe and New Zealand, the oversupply of milk was converted into milk powder. Europeans and New Zealanders used to say that only cow's milk could be made into powdered and condensed milk. But Kurien, his friend, and partner HM Dalaya surprised the world by making skim milk powder and condensed milk from buffalo milk.

Ku r i e n ' s m o d e r n e d u c a t i o n a n d techniques combined with the farmers' traditional skills and empirical knowledge revolutionised this sector. The committee made a wide range of dairy products from butter and cream to cheese. In 1955, when the time came to decide on the brand name of Cooperative Dairy, Dr Kurien named it Amul (Anand Milk Union Limited). In 1956, Amul started processing 1 lakh litres of milk daily. Now Amul's products from Gujarat started being sold in other states. When production increased, Dr. Kurien set up a plant for cattle feed in Kheda. The then Prime Minister Lal Bahadur Shastri arrived for its inauguration. Here he was surprised to see the prosperity of the milk producers in Kheda. He asked Kurien to come to Delhi after making a plan to find ways to replicate the success of the Kheda model in the whole country.

Thus, in 1965, the National Milk Development Board (NDDB) was established, whose function was to form cooperative milk societies and unions across the country in line with the Anand model. Kurien became the chairman of the board. In 1969, when the Government

of India announced the Operation Flood program to develop the dairy industry in the country, the need for a public sector company was felt for the smooth distribution of government resources. Thus the Dairy Corporation of India (IDC) came into existence in 1970. In October 1987, NDDB was reorganised and IDC was absorbed into it. 'Operation Flood' was implemented in three phases. In the first phase, Dr. Kurien built about 13 dairy plants across the country and established one cattle feed plant. The second phase started in 1980 and lasted till 1990. During this period, Kurien established about 170 dairy plants and 32 cattle feed plants across the country. Then came the third and final phase of "Operation Flood". It started in 1990. Under it, those Dairy Cooperative Societies were identified, that were not functioning properly. Efforts were made to improve their conditions by setting up a separate fund for them. Milk vending machines were installed in various parts of the country to make getting milk easier for people. Large containers of milk were installed at the shops. In 1997 "Operation Flood" was completed. This helped in providing good quality milk at the right prices in more than 700 cities in India, while the animal husbandry sector also became a major source of income. During Operation Flood, India shed its tag of the milk deficient country to be recognised as one of the largest producers of milk. In 1998, India became the largest producer of milk in the world.

For his accomplishments, the world called Verghese Kurien the father of the white revolution. The journey that started with annual milk production of 17 million tonnes in 1951 reached 209.96 million tonnes in 2021. Kurien was awarded the Padma Vibhushan by the Government of India in 1999. He was honoured with awards like Ramon Magsaysay and World Food Prize.

National Milk Day is celebrated on his birthday on 26 November to remember his contribution to India's White Revolution. In 2012, at the age of 90, Verghese Kurien left for the heavenly abode.

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OUTLOOK

Affordable Housing

Has an upside potential formassive growth in the future

P

oor living conditions are one of the biggest drawbacks of growth in India. Slow growth in every spectrum possible. The real-estate sector is looking at a massive growth potential in the next 5 years.

The real estate business is worth more than 12,000 crores and is expected to be worth 93,000 Crores by the year 2040 but utilisation of funds in the right aspects is essential as well.

Affordable housing is an imperative aspect of growth in India in every aspect possible. Building houses which are affordable for the lower income groups will be extremely beneficial in the long run not just for the builder but for the tenants as well. Living conditions of many big cosmopolitan cities in India are becoming worse day by day, people get sick because of unhygienic conditions, congested spaces degrading the quality of life, etc.

The above-mentioned situations keep the growth stagnant and reduceitslong-term positive impact of it. Affordable housing has much greater importance in retrospect to what we know. Researchers have shown the conditions of people living in bad conditions and how it is affecting them in every possible manner. ffordable housing will solve a lot of problems in the A long run. How? Environmental impact: Poor conditions and discarding of goods lead to pollution of the environment which further necessitates the increase of countermeasures. A bad environment is a threat to people, especially in terms of health.

Overpopulating of urban areas: A lot of Indian cities have seen large numbers of people migrating which results in the accumulation of people in one area. Overpopulation and unclean surroundings will pose a threat to everyone. Adding to that, increasing congestion will lead to socio-economic barriers and domestic conflicts.

Better growth for families- A stable house increases the focus of people in a lot of different arenas because shelter is one basic and most important human need, once this is checked off people tend to focus on other aspects of growth.

Studies have shown improvement in multiple aspects of people who come from stable housing situations.

Increase in job opportunities- Better housing projects

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Rajas Jain, MD, Kumar World

mean more people coming and staying. This creates a lot of opportunities for employers to look for people in the vicinity and vice-versa.

What can be done to improve the affordable housing sector: Reduce expenses for builders for them to promote affordable housing and not focus on profit maximization educe land taxes to improve localities and interweave R people with different jobs available in the area Subsidisation of different benefits so people of lower income groups are interested in living in those apartments and improving their quality of life Conditioning of the real-estate sector is important when it comes to growing in a linear manner. Improved conditions will help children study better, explore more and live a good quality life with a potential for growth.

Real Estate is responsible for the growth of different aspects in many great ways. Proper utilisation of land without harming the environment and providing better quality life to people will slowly improve the different sectors which will provide even greater benefits in the long run.

AUTOMOBILE

INDIA'S TARGET OF ACHIEVING

100 PERCENT ELECTRIFICATION IN AUTOMOBILES BY 2030

T

he electric vehicle industry in an India is picking pace with 100 percent FDI possible, new manufacturing hubs and an increased push to improve charging infrastructure.

Federal subsidies and policiesfavour deeper discounts for Indian-made electric two-wheelers,and a boost for localised ACC battery storage production are other growth drivers for the Indian EV industry. The Charging Infrastructure for Electric Vehicles (EV) – the Revised Consolidated Guidelines & Standards were issued by the Ministry of Power in January and amended in November 2022. Moreover, in September 2021, a production-linked incentive scheme for the automotive sector was approved by Cabinet to boost the manufacturing of electric vehicles and hydrogen fuel cell vehicles. India reported 277,910 electric two-wheeler sales in the April-September 2022 period, a 404 percent increase over the same period last year,which saw 55,147 units sold. In H1 FY 2022-23, 18,142 electric cars were sold, registering a 268 percent growth.

developing a mobility option that is “Shared, Connected, and Electric” and have projected an ambitious target of achieving 100 percent electrification by 2030.

The global automotive industry is undergoing a paradigm shift in trying to switch to alternative/less energy-intensive options. India, too, is investing in this electric mobility shift

Another report by India Energy Storage Alliance (IESA) projects that the Indian EV market will grow at a CAGR of 36 percent till 2026.

The EV battery market is also projected to grow at a CAGR of 30 percent during the same period. Meanwhile, India’s EV market is estimated to grow at 49 percent CAGR in the 2022-2030 period in a business as usual scenario, as per the IESA report. Overall, by 2030, the EV industry will create 10 million direct and 50 million indirect jobs (IVCA-EY-Induslaw report). India is also witnessing the rise of a sizeable EV financing market, with NitiAayog projecting it to be worth USD 50 billion by 2030.

The burden of oil imports, rising pollution, the Russia-Ukraine war escalating price inflation, and international commitments to combat global climate change are key factors motivating India’s policies to speed up the transition to e-mobility on the one hand and growing consumer appetite on the other..

Electric Vehicle Industry in India Growth Targets

The Indian automotive market is slated to be the third largest by 2030 in terms of volume. Catering to a vast domestic market, dependence on the conventional modes of fuel-intensive mobility will not be sustainable. To address this, federal policymakers are

India benefits on many fronts by shifting towards electric vehicles (EVs): it has abundant renewable energy resources and an available skilled workforce in technology and manufacturing.

According to an independent study by CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be a USD 206 billion opportunities by 2030 if India maintains steady progress to meet its ambitious 2030 target. This would require a cumulative investment of over USD 180 billion in vehicle production and charging infrastructure. In 2021, the Indian EV industry attracted USD 6 billion in investment and is becoming more attractive to private equity/venture capital investors.

Existing EV Ecosystem in India and Investment Outlook

India's EV space is nascent regardless of the country’s ambitious targets. However, looking at it differently – India offers the world’s

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AUTOMOBILE

Production-Linked Incentive Schemes

In May 2021, the government rolled out a Production-Linked Incentive Scheme (PLI) for ACC Battery Storage Manufacturing, which will incentivise the domestic production of such batteries and reduce the dependence on imports.

This will support the EV industry with the requisite infrastructure and will significantly cause a reduction in the cost of EVs. On September 15, 2021, the government approved a PLI Scheme for the automobile and drone industry, which intends to incentivise high value advanced automotive technology vehicles and products, including ‘green automotive manufacturing.

The PLI Scheme for the auto sector is open to existing automotive companies and new investors currently not in the automobile or auto component manufacturing business. The scheme has two components: i) Champion OEM Incentive Scheme: This is a ‘sales value linked’ scheme, applicable to battery electric vehicles, and hydrogen fuel cell vehicles of all segments. ii) Component Champion Incentive Scheme: This is a ‘sales value linked’ scheme, applicable to advanced automotive technology components of vehicles, completely knocked down (CKD)/ semi knocked down (SKD) kits, vehicle aggregates of 2-wheelers, 3-wheelers, passenger vehicles, commercial vehicles, and tractors etc.

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largest untapped market, especially in the two-wheeler segment. Under the automatic route, one hundred percent foreign direct investment is allowed in this sector.

The federal government is also prioritising the shift towards clean mobility. Recent moves to amend the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) II scheme to make electric two-wheelers more affordable is a case in point. Under phase two of the FAME scheme, as on July 11, 2022, about 469,315 electric vehicles were supported through demand incentives amounting to about INR 18.69 billion. Approvals have been granted to 6,315 electrical buses and 2,877 EV charging stations sanctioned in 68 cities across 25 states/Union Territories. Fifty original equipment manufacturers (OEMs), start-ups and established manufacturers, have registered and revalidated their 106 EV models. There are 1,576 charging stations sanctioned for set-up across nine expressways and 16 highways.

In addition, multiple production-linked incentive schemes intend to create a local manufacturing ecosystem to support goals around greater adoption of electric mobility transport. This is achieved by incentivising fresh investments into developing indigenous supply chains for key technologies, products, and auto components.

Emerging Market Players

Many leading battery producers like Amara Raja Batteries, have picked up the cue from these incentives to orient new investments into green technologies, including lithium-

ion batteries. In April 2022, one of the world’s most energy-dense batteries at 54MWh, developed by a Bengaluru-based battery startup – Pravaig, was acquired by a European renewable energy company, ErenGroupe, for its storage applications.

A high density implies that the battery gives more power per atom, which is cost-effective compared to alternatives such as sodium-ion or aluminium air.

The developers of the battery have also informed that it takes just 30 minutes to charge a battery fully. This new acquisition by a European company will boost domestic manufacturing and pave the way for making EVs more economical, considering batteries usually account for 35-40 percent of the total cost.

Further responding to the opportunity that India’s EV industry presents, many leading industry players like OLA Electric Mobility Pvt, Ather Energy, and Mahindra Electrics are rapidly growing their market presence.

Moreover, certain states like Karnataka and Tamil Nadu are rolling out innovative and timely investor-friendly policies besides building the necessary infrastructure.

Recently, the American electric vehicle and clean energy company Tesla Inc. marked its entry into India by incorporating its subsidiary, Tesla India Motors and Energy Pvt Ltd, in Bengaluru.

In February 2021, Ather Energy, India’s first intelligence EV manufacturer moved its USD 86.5 million factory from Bengaluru (Karnataka) to Hosur (Tamil Nadu). Ather

AUTOMOBILE

Energy’s factory is said to have an annual production capacity of 0.11 million twowheelers.

In March 2021, Ola Electric, the subsidiary of the unicorn Indian ride-hailing start-up, also announced that it would be setting up the world’s largest electric scooter plant in Hosur (which is a two and a half-hour drive from Bengaluru) over the next 12 weeks, at the cost of UDD 330 million, and aiming to produce 2 million units a year. By 2022, Ola Electric wants to scale up production to pump out 10 million vehicles annually or 15 percent of the world’s e-scooters.

Meanwhile, indicative of the market interest for electric two-wheelers in India, Ola Electric reportedly clocked INR 11 billion (USD 149.26 million) in sales over a two-day purchase window. Ola Electric’s website allows scooters to be reserved.

The electric scooters are manufactured at the Ola Futurefactory near Krishnagiri in Tamil Nadu.

On September 9, 2021, Greaves Cotton announced its entry into the multi-brand electric vehicle retail segment under the brand name AutoEVMart. According to reports, this platform will present consumers with a wide range of electric vehicles to choose from – from Ampere Electric to other brands in the EV space. Thus, AutoEVMart will serve as a marketplace for electric vehicles in India, offering e-two-wheelers and e-three-wheelers, among others, along with EV accessories.

Greaves Cotton envisions first-of-its-kind multi-brand retail stores for clean tech or

electric mobility in Bengaluru. Recently, Sterling and Wilson Pvt Ltd (SWPL), India’s leading engineering, procurement, and construction company, announced its entry into the electric mobility segment in India. It has signed a 50-50 joint venture with Enel X, to be incorporated on April 1, 2021, to launch and create innovative charging infrastructure in India.

There have also been positive developments in the expansion of charging infrastructure across the country – states like Andhra Pradesh, Uttar Pradesh, Bihar, and Telangana are setting impressive targets for deploying public charging infrastructure to increase the uptake of electric vehicles in the country.

The key reasons these states are doing better than others are local fiscal sops, better logistics, an investor-friendly

Launch of ‘e-AMRIT’ portal; One-stop platform for information on electric vehicles

India rolled out the website e-AMRIT – https://www.e-amrit. niti.gov.in/ – at the COP26 Summit in Glasgow, which will function as a one-stop destination for all information on electric vehicles.

It addresses key concerns about the adoption of EVs and their purchase – such as charging facility locations and EV financing options, information about investment opportunities, government Policies and Available Subsidies for Drivers and Manufacturers.

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AUTOMOBILE government policy, business facilitation through easier access to authorities, supply chain connectivity, and the availability of suitable land.

Karnataka was the first state to introduce a comprehensive EV policy and has emerged as a hotspot for EV businesses in India, both in EV and EV ancillary manufacturing as well as R&D segments.

Tamil Nadu is also leaping forward at a commendable pace, owing to its supply ecosystem, larger land parcel, proximity

to ports, and proactive investor support through administrative portals like Guidance Tamil Nadu.

Nevertheless, while growth in the EV industry is on an upward tick, it has much ground to cover to realise the government’s ambitious 2030 target. The COVID-19 pandemic not only slowed the industry’s progress, but also dampened overall market demand.

Still, market sentiment has retained positivity in some segments, accelerating in 2022 in

the aftermath of escalating oil prices amid the Russia-Ukraine war.

During the April-September 2022 period, India recorded sales of 277,910 electric two-wheelers, which was a 404 percent increase over the same period last year that saw 55,147 units sold. In H1 FY 2022-23, 18,142 electric cars were sold, registering a 268 percent growth.

Key market players by segment – Sep-Oct 2022 data.

Top Market Players in India’s EV 2-Wheeler Segment – October 2022 Sales Company Name

Units Sold

Ola Electric

16,178

Okinawa Au

14,924

Ampere Vehicles

10,053

Hero Electric

8,861

Ather Energy

7,306

Source: e-vehicleinfo.com

Top Market Players in India’s EV 3-Wheeler Segment – October 2022 Sales Company Name

Units Sold

YC Electric Vehicle (YATRI)

3151

Mahindra Electric

2953

Saera Electric Auto Pvt Ltd (MAYURI)

1904

Dilli Electric Auto Pvt Ltd (CITYLIFE)

1521

Champion Poly Plast

1295

Source: e-vehicleinfo.com

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AUTOMOBILE

Top players in India’s car market: Tata Motors, MG Motor India, Hyundai motors Ltd, and BYD India.

SepTotal tember

Electric car manufacturer

April

May

June

July

August

Tata Motors

1812

2495

2724

2891

2765

2831

15,518

Tata Motors

245

247

235

268

316

280

1591

Hyundai Motor India

23

27

51

61

73

74

309

BYD India

21

42

49

44

45

63

264

Mahindra & Mahindra

13

9

19

26

17

112

196

BMW India

17

9

5

5

25

27

88

Audi

8

8

14

8

14

10

62

Porsche

4

5

4

7

7

13

40

Mercedes-Benz

11

5

3

2

4

7

32

Jaguar Land Rover India

3

7

1

11

Others

4

1

7

17

1

1

31

Total

2161

2855

3111

3329

3267

3419

18,142

Source: e-vehicleinfo.com

PROJECTIONS In April 2019, NitiAayog, the federal think tank, published a report titled “India’s Electric Mobility Transformation”, which pegs EV sales penetration in India at 70 percent for commercial cars, 30 percent for private cars, 40 percent for buses and 80 percent for two- and threewheelers by 2030. These targets, if achieved, could lead to a net reduction of 14 percent of energy and 846 million tons of CO2 emissions over the deployed vehicles’ lifetime. Electric

vehicles sold until 2030 can save 474 million tons of oil equivalent over their lifetime, worth USD207.33 billion.

This will help India fulfil its global commitments to lower carbon emissions and increase the use of cleaner sources of energy and transportation as required by the Nationally Determined Contributions (NDCs) under the United Nations Framework Convention on Climate Change (UNFCCC) and EV30@30.

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AUTOMOBILE

Ministry of Road Transport and Highways: Federal Policy Several fiscal and non-fiscal measures have been put in place to facilitate the adoption of electric mobility. They are as follows: National Electric Mobility Mission Plan 2020 (NEMMP): It was launched in 2014 by the Department of Heavy Industry (DHI) as a roadmap for the faster manufacture and adoption of EVs in India.

FAME Phase I: As part of the NEMMP 2020, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) Scheme was notified in April 2015 to promote the manufacture of electric and hybrid vehicle technology. It has mainly focused on four aspects – demand creation, technology platform, pilot projects, and charging infrastructure. For demand creation, incentives have mainly been disbursed through reduced purchase prices.

FAME Phase II: Launched in 2019 for three years, this scheme has an outlay of USD 1.36 billion to be used for upfront incentives on the purchase of EVs and supporting the development of charging infrastructure.

FICCI has asked for the continuation of FAME II till 2025, along with short-term booster incentives to enhance demand. This second phase focuses on supporting the electrification

of public and shared transportation and aims to support, through subsidies, about 7,000 e-buses, 5,00,000 e-three wheelers, 55,000 e-four wheeler passenger cars and one million e-two wheelers. In addition, the creation of charging infrastructure is also supported.

Amendments to FAME Phase II: On June 11, 2021, the Ministry of Heavy Industry announced further amendments to the FAME II scheme to boost EV demand among consumers. The scheme was extended by two years, to March 31, 2024. Under the revised policy, the subsidy per electric twowheeler (Indian-made), which is linked to the battery size, has been increased to INR 15,000 (USD 204.60) per Kilowatt-hour (KWh) from INR 10,000 (USD 136.40) KWh. Furthermore, electric two-wheeler manufacturers can now give discounts of up to 40 percent to consumers, which is a significant raise from the previous cap of 20 percent. The eligibility criteria for these electric two-wheelers to qualify for a subsidy under the FAME II scheme include a minimum range of 80 km on a single charge and a minimum top speed of 40 km per hour. Nine cities with a population of over four million will receive support for electric buses – Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune.

It has announced that both commercials as well as private battery-operated vehicles will be issued green license plates. It has also notified that all battery operated, ethanol-powered, and methanol-powered transport vehicles will be exempted from the commercial permit requirement.

Department of Science and Technology: It has launched a grand challenge for developing the Indian Standards for Electric Vehicles Charging Infrastructure.

NitiAayog: The National Mission on Transformative Mobility and Battery Storage has been approved by the cabinet, and the CEO of NitiAayog will chair the inter-ministerial steering committee of the Mission. The Mission aims to create a Phased Manufacturing Program (PMP) for five years till 2024, to support setting up large-scale, export-competitive integrated batteries and cell-manufacturing giga plants in India, as well as localising production across the entire electric vehicle value chain.

On April 20, 2022, the think tank released a draft battery swapping policy and invited comments from relevant stakeholders by June 5, 2022. The draft policy, which will be valid till March 31, 2025 from the date of its notification, is specifically designed for battery swapping systems to be used for two-wheelers and three-wheelers.

charging stations (PCS) infrastructure. It covers land use and access, power tariffs, state and central government roles, and timelines for providing connectivity for the installation of PCS, among other concerns.

In November 2022, the Power Ministry amended the consolidated guidelines:

Ministry of Power

– Public charging stations shall have the feature of the prepaid collection of service charges with the time of the day rates and discount for solar hours.

It has clarified that charging EVs is a service, so operating EV charging stations will not require a license. It has also issued a charging infrastructure policy to enable faster EV adoption.

The revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles was promulgated on January 14, 2022. Exhaustive in scope, these guidelines include provisions for a) individual owners of EVs and b) for public

– A Committee under the Central Electricity Authority (CEA) to recommend to the State Government the ceiling limit of service charges to be levied. This Committee shall also recommend a “time of the day rate” for service charges and the discount to be given for charging during solar hours.

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AUTOMOBILE

States/union territories policy O v e r 2 7 s t a t e s a n d U Ts have formulated strategy plans for transforming mobility to provide their citizens with safe, inclusive, economic, and clean transport options. While some states like Karnataka and Tamil Nadu have had a head start due to preplanned public policies, targeted investor incentives, as well as support infrastructure, other states too have drafted policies to stimulate market demand and create infrastructure.

In September 2021, Assam announced its Electric Vehicle Policy, 2021 and plans to phase out fuel-based vehicles by 2030.

As a first step, the Assam government shall convert all government vehicles and its public bus fleet to EV alternatives.

The state also aims to deploy 200,000 electric vehicles in the next five years.

Assam’s Industries, Commerce and Public Enterprises Department said the new EV Policy incentivizes people to switch to EVs. Assam also offers several incentives for EV manufacturing in the state (under the North East Industrial Development Scheme, 2017 and the Industrial and Investment Policy of Assam, 2019).

Most recently in June 2022, Haryana also joined other states in approving its EV policy. The policy provides a holistic framework to develop Haryana into an EV manufacturing hub and at the same time developing an enabling ecosystem to augment its adoption – through development of charging infrastructure, skill development and R&D in EV technology. In fact, the Haryana state government has declared the year 2022 as “Year of Electric Vehicles”.

Challenges Faced by EV Industry Insufficient charging infrastructure: In 2019, there were only 650 charging stations in India as against over 0.3 million in China. Lack of sufficient charging infrastructure is one of the primary reasons why customers often refrain from purchasing EVs. High costs: Along with the range anxiety (km/charge), another major concern among the potential customers is the current high price of EVs. As compared to lower-end (internal combustion engine) ICE cars, electric cars in the same segment tend to be more expensive. This is mainly because of the higher cost of technology used in the EVs, which constitutes a substantial portion of the cost, not leaving much scope for other features usually available in premium cars. It is expected that in future, with increased R&D and market competitiveness, the price factor will be rationalized to suit the price sensitivity, which in India is a primary factor influencing purchase, especially in the lower-end car segment.

With the recent announcement of subsidies, the price rationalization of EVs in the twowheeler segment is on cards. Since the government’s fast-changing priorities are now biased towards sustainable, clean electric mobility, industry watchers expect a similar push towards easing adoption of other electric vehicles like cars and buses soon.

Limited options: Since it is still a budding industry in India, customers have a very limited range of products to choose from. Increased investment in the sector will make it more competitive in due time and this will help create further demand.

Lower mileage: Since the industry is young, there is immense scope for R&D. As of today, EVs in India are not cost competitive to an average customer as internal combustion

engine (ICE) vehicles prove to be more cost effective.

Higher dependency on imports: Dependence on imports of battery as well as other components is also one of the factors adding to the cost of EVs in India.

Grid challenges: Another concern is regarding the price of charging EVs at private charging stations once EVs become mainstream.

According to Brookings India, projections for 2030 show that even with a fair penetration of EVs, the increase in demand for electricity is likely to be about 100 TWh (tera watt-hours) or about four percent of the total power generation capacity. So, increasing methods of power generation are necessary to meet that growth in demand.

Conclusion Ultimately, the scope of India’s EV market growth rests on availability of capital for original equipment manufacturers, battery manufacturers, and charge point operators as well as improvements to infrastructure and diversified options for consumers.

Realizing India’s EV ambition will also require an estimated annual battery capacity of 158 GWh by FY 2030, which provides huge investment opportunities for investors.

Enabling policy support measures are a critical need at this juncture.

The government appears to be aware of this. It has been rolling out incentives to boost market demand in priority segments like electric two-wheelers, and localizing production of key components like ACC battery storage as well as electric vehicles and auto components through respective PLI schemes. Besides, several Indian states have now passed EV policies intending to attract industry investments and make EV adoption more viable proposition for the consumer market.

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COVER STORY

TULIP MONSELLA

AN ULTRA LUXURIOUS HOUSING PROJECT

DEVELOPED BY TULIP INFRATECH - BY YOGESH SOOD

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f one has ever driven through Gurgaon, one will agree that one of the best roads to enjoy a drive on is the Golf Course Road. Over the years, the road has seen a lot of residential projects from DLF and other developers. It has undergone some profound transformation in the best way possible. It provides a peek into the heart of the millennial city. It truly is a badge of honour for the people of Gurgaon because it reflects well on them. Now having transformed into a beautiful amalgamation of phantasmagoric spaces and sights, a new residential project is steadily emerging in this iconic location: TULIP MONSELLA!

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COVER STORY

Tulip has delivered more than 6000 homes spread over 100 acres of built-up land. Many of their projects can be found in Sectors 69 and 70, along the southern peripheral road (SPR) in Gurgaon.

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COVER STORY

A Glorious Journey Founded in 2005, Tulip is a company that has achieved excellence through its foresightedness and expertise in the field of Real Estate. With the majority of its projects in Gurgaon, Tulip’s work is congruent with high quality and timely delivery. One thing that sets them apart from others in the field is that they have successfully maintainedzero debtfrom its inception in 2005 to 2021. They have set a wellgrounded benchmark through their residential projects; the company continues to remain undeterred in its objective to provide great value homes.

They have been acknowledged and appreciated by the public for their hard work. In 2019, NDTV profit notably awarded them for being ‘The Most Promising Real Estate Developer of the Year.

A year before that, Hindustan Times titled them as an ‘Iconic Developer for Timely Delivery Award’.

Tulip has delivered more than 6000 homes spread over 100 acres of built-up land. Many of their projects can be found in Sectors 69 and 70, along the southern peripheral road (SPR) in Gurgaon. Their focused vision and undivided dedication help them develop strategies for the company’s continued growth in the sphere of real estate and construction. With strong values,

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COVER STORY

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Tulip is a company which has achieved excellence through its foresightedness and expertise in the field of Real Estate. One thing that sets them apart from others in the field is that they have successfully maintained zero debt from its inception in 2005 to 2021. They have set a wellgrounded benchmark through their residential projects.

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COVER STORY

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ulip’s latest project is a mixed-use development of around 19 Acres under the TOD (Transit Oriented Development) zone. It will be one of the tallest developments on the Golf Course Road, consisting of 10 towers at 138m with 40 floors each and a Sky Hub. Named after the striking grandeur of the red-flamed canary yellow petals of the Monsella bloom, Tulip Monsella will indeed fascinate people with its breathtakingly inimitable elegance and splendour.

The entrance is set to be adorned with metal foliage. The company’s values can be seen in its aesthetics. Picturesque landscapes and driveways have been designed to feel natural and organic. The world-class landscaping of Monsella shall showcase water features, ponds, sprawling lawns and green mounds, an amphitheatre, open courts, and a jungle walk with dense green plantations and trees to provide a pollution-free serene ambient countryside atmosphere. After a long day at work, one can stroll through the peaceful ponds and tranquil water features or safely jog through the wonderfully landscaped parks on dedicated jogging tracks. They are designed to provoke joy and relaxation. To enhance the communal aspect of harmonious living, there will be beautifully designed wooden decks, accessible family pavilions to meet friends, an intricate jungle boardwalk, and multiple areas to savour quiet moments.

Nestled among the sprawling lawns and plethora of verdant environs, the 3,4,5 bedrooms and penthouses of Tulip Monsella spell comfort and serenity: a haven from the hustle and bustle of city life. Bathed in natural light, each of these abodes is an oasis of novelty and authentic beauty, a perfect setting to transport the resident to the world of magical dreams. Three-tier security, Digital locks, home automation, Concierge service, Golf Carts and Vaastu Compliance ensure that the magic continues. Step out and seamlessly tune into Nature’s symphonies in the Cycling and Jogging tracks, Elevated walkways, Orchid gardens, wherever one’s heart may follow.

This is a Unique Development with Six Distinct Features •

Location; Golf Course Road today is one of the best roads to reside on. It has all the amenities that anurbanite requires. Hospitals, schools, and daily shopping are just 5 to 10 minutes of drive away. Notonly that, but the golf course road is also hometo top-notch office spaces, restaurants and other.

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luxurious developments; The road is well connected to NH-8 on the one side and the Golf course extension road on the other. The Rapid Metro station is about a 5-minute walk from Monsella. The Indira Gandhi International Airport is less than 30 minutes away from the project.

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Zero movements at a ground level; There is no

vehicle movement at ground level to ensure safety for the kids and elderly and to reducenoise pollution.

This helps residents enjoy a cleaner environment.

For ease of transportation on ground level, electric golf carts will be at the resident’s service. Upon entering the campus, cars will go straight to the basement.

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COVER STORY

•

Private Access Elevator; Residents get private access to their apartments. It is almost like a private elevator for the resident. Upon entering through the tower lobby, the resident will be greeted by Monsella’s friendly and dedicated concierge staff.

The tower lobbies are designed to be spacious and comfortable, which makes it the perfect place to meet friends, colleagues, and other guests.

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Club House; Life is incomplete without modern amenities. Keeping that in mind, this residential project has designed its Club House, where one can indulge oneself in a Spa, a Mini theatre, a Swimming pool, Gaming Lounge and Gym…. one will surely be spoilt for choice—planning a quiet dinner with friends?

Fine dining is just a step away in the Restaurant with its private dining area complete with a Resto Bar and Patisserie. Everything will be a step away for the resident and his or her guests. They need not go far away from home to have a luxurious experience.

For instance, one can rewind with a quick game of snooker or card and rejuvenate oneself in the Jacuzzi, Massage room or Sauna.

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Sky Hub; Another luxurious feature that this project provides is the Sky Hub. It is an outstanding state-of-the-art feature that will leave the city spell bound. Complete with a Splash pool, Library, Cards Lounge, Observatory and Yoga deck, The Sky Hub is the perfect place to connect with one’s inner self.

One will be able to enjoy the stunning panoramic views in the exclusive and spectacular area, taking in the incredible skyline on the highest point at Tulip Monsella. Residents may come up to the sky hub to watch the sunrise and sunset... taking in the glory of nature’s gem.

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Sports Pavilion; Since a big part of urban living is sedentary; it has become increasingly important to focus on physical and mental health. The sports pavilion shall serve its residents' physical well-being, which further contributes to a healthy and holistic lifestyle. The world-class, state-of-the-art Sports Pavilion will have a Golf driving range, Putting Greens, Basketball Court, Skating Rink, Squash Court, and Cricket Pitch. These will unleash the athlete in the resident and ensure a holistic union of the mind, body and soul.

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SPECIAL STORY

INTERNATIONAL BUSINESS SUMMIT AND AWARDS ORGANISED TO BOOST INDO-UAE TIEs

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usiness tycoons and eminent personalities from both countries participated in the award show. KC Tyagi, Secretary General, Janta Dal (U) and Former MP was the chief guest and His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan was the Very special guest at the event. The prominent guests included Gajender Chauhan former FTII chairman, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Bu Abdullah, Chairman, Bu Abdullah Group and many more graced the event.

During the event a discussion was also organised on the trade development between India and UAE. This was a ‘one-of-a-kind' Business Conclave held in Dubai. The guests addressed the fundamental pillars of business in a different field. The aim is to provide a shared platform for the businessmen in India and UAE for greater

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collaboration, exchange of ideas, interaction with academia, investors and industry and access to funding from the venture capitalist.

The program also discussed easy doing business in both areas of India as well as UAE and tried to provide solutions to some of the key challenges.

On this occasion more than three dozen personalities and companies were awarded for their achievements.

The awards are as follows:

Excellence Award in Healthcare Technology of the Year was given to Anika Sterilis Private Limited and Lifetime Achievement of the Year went to A. Srinivasan, Chairman, DS Group.

Best Bollywood Nights Organizer in Dubai award won by Aura Night by Prince Verma.

Best Affordable Housing Developer of the Year award was given to Sanfran Group. The Leadership Award in Media and Branding Industry was given to Ms. Harjyot Oberoi Bohra, Head, Promotion & Magazine, Khaleej Times.

The award for International Business Icon of the

Year was received by Dr. Prateek Suri and the Best Forex Platform in MENA Region of the Year award went to BlueChip Group of Companies.

The best Logistic Company of the Year award went to InterGlobe Marine LLC, the Best Event Production Company of the Year award went to VK Exhibitions & Décor Industry LLC, the Trusted Developer of the Year, North India award went to Samiah International Builders Ltd., and the Best Start-Up of the Year award went to Meraki Infra Global.

The best Manufacturing Company of the Year Award was given to AKS Electricals and Electronics Limited while ASP Group was awarded Best International Event Company of the Year. Best Advertising & Marketing Company of the Year award went to Brand Spring Integrated Solution Pvt. Ltd., the Best Mini Ratna PSU of the Year award went to Broadcast Engineering Consultants India Limited, the Best Start-up of the Year (Beauty and Style) award was given to Infinity Beauty Salon and the Best Community Entertainer of

SPECIAL STORY

The prominent guests included KC Tyagi, Secretary General, Janta Dal (U) and Former MP, Gajender Chauhan, former FTII, Chairman, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Bu Abdullah, Chairman, Bu Abdullah Group and many more graced the event.

SPEAKING ON THE OCCASION Dr. Hariom Tyagi, Chairman of the Organizing Committee said that the objective of this event is to increase trade between India and UAE and promote trade by providing a common platform for the businessmen of both countries.

the Year award was won by Vishhal. The Best Office Service & Co-Working Space Brand of UAE award was given to IDS Global Business Center, the Best Director of the Year, UAE won by Ms. Zenofar Fathima, the Best Import Export Trading Company of India award went to Amazing Dreamz Company. The Best School of the Year award went to Tender Heart School, the Most Innovative and Promising Developer of the Year award went to JKM Buildcon Pvt. Ltd., the Best International Investment Advisor award went to Anza Investment while the Promising

Leader of the Year (in Real-Estate) won by Pradhuman Singh. The best Tour and Travel of the Year award was given to City One Tourism and Travel LLC, the Best Asian Restaurant of the Year award went to Asia Kitchen by Mainland China, the Best Law Collage of the Year Award was given to Shri Mangalam College of Law & Management, Emirati Icon of the Year award went to Dr. Bu Abdullah, Chairman, Bu Abdullah Group of Companies, Best Luxury and Packaging Paper Distributor award went to Sona Papers, Best Emerging University award won by Sikkim

Skill University. These awards had also been given for achievements in different fields. Luxuria Hotel Management LLC was awarded the Best Hotel Management Company of the Year and Tulsi Agro EngiMech Pvt. Ltd. was awarded Best Agrotech Machine manufacturer of the Year Award, Ms. Deepa Sharma, Advocate was awarded as the Best Women Legal Advisor of the Year, Similarly, the Most Trusted Astrologer & Life coach of the Year Award was given Dr. Sundeep Kochar.

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SPECIAL STORY

THE GAME CHANGER AN AFFORDABLE HOUSING DEVELOPER

SANTOSH MISHRA

DIRECTOR OF SANFRAN GROUP

Mr. Santosh Mishra And Gufran Husain, founders of Sanfran Group are receiving the Best Affordable Housing Developer of the Year Award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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oung entrepreneur, and a CREDAI member, Santosh Mishra with a dream to build a company that redefines the concept of real estate established his dream company in the first decade of the 20th century. His hard work, risk taking ability had transformed his small start-up into a well renowned company which has expanded manifolds under his strategic guidance and vision.

Quality construction and timely delivery have always been his prime motto.

Recently Sanfran Group has been awarded the “Best Affordable Housing of the Year Award 2018 & 2022” by International Business Summit and Awards, Dubai. The vision of Mr. Mishra

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and his trust in his highly competent and focused team helped him in achieving performance par excellence and he is determined to cover the extra mile to ensure that loyalty and transparency is the only key to customers’ delight.

housing project “Green Home Tower” Gurugram in the year 2008 which is spread over 3 acres. The project has state-of-the-art amenities, features 24x7 security, and is well-connected to all the prime locations of Gurugram.

Sanfran Group's spectacular success is in no small part due to the unblinking vision of its senior management and the dedication of its employees. Their guiding forces bring together a team of technophiles and business experts who provide the right direction to the executive team. The core team is comprised of strong like-minded professionals from the industry.

The group launched its first group

The project is a rare blend of peaceful open spaces, lush greenery, fresh surroundings, comfort and luxuries of a contemporary lifestyle. After the successful completion of Green Home Tower in 2011, Sanfran Group chose tier-2 and tier-3 cities of India like Jhansi, Lucknow, Visakhapatnam, Orai, Ranchi, Raipur and Bangaluru. These cities have ample opportunities and scope of development for affordable houses. In

SPECIAL STORY

the first decade of the 21st century when all the big real estate developers were focusing on metro cities and on building luxury segment projects, Sanfran Group observed the need for affordable houses to cater to the need of a large segment of society. After a broad survey Sanfran Group entered tier-2 and tier-3 cities for the development of affordable houses and to accomplish their goal, the group launched projects in Jhansi and Lucknow to enter the affordable housing need of a large segment of the society.

Amongst the above locations Jhansi is the most strategically located with East-West and North-South corridor crossing each other which makes this city the most preferred location for the setup of various logistics of big companies in the city. Jhansi, is a 3-tier city where other companies were not confident to invest but here it is praiseworthy to mention that the group was not only innovative but quite confident to upgrade the city. The Group has successfully developed approx. 200 acres of land and created a benchmark that is known as “New Jhansi” today. The Group faced many challenges while developing the area chosen by the top officials. The land to be developed

by the group was on the outskirts of Jhansi city with zero development. In this context, Mr. Mishra shared an interesting anecdote that when the top officials were identifying the land for the Group, they came across this locality at Kanpur Gwalior Byepass. This area was ruled by aggressive villagers and assailants and was a dumping ground for all sorts of crime. Here they found 2 headless dead bodies and they were taken aback but Mr. Mishra had made his mind to change the face of that locality and was determined to provide safety and security. He initiated and coordinated with the local administration to set up a police outpost which gave him the confidence to move ahead in this direction to achieve his vision. Later, another challenge faced by the officials where a person claimed his ownership on a piece of the group’s land in the township.

The same was tactfully handled by the company officials and today the company has successfully delivered possession to approx.

1000 families in the same locality. Initially the company launched 10 acres of the residential project which was further extended to 200 acres of affordable housing project with special emphasis on greenery and various amenities which was a rare concept in this region. The

The Group has recently launched its first group housing project at Jhansi by the name of Sanfran Sarovar Heights.

The project is comprising of 4 towers offering 2, 3 and 4 BHK apartments with state-of-the-art amenities.

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SPECIAL STORY

amenities included wide roads, theme parks, underground electricity cable, STP, rain water harvesting, kids play area, senior citizen park, meditation center, swimming pool, open gym, club house with indoor games, power backup in common areas, round the clock security etc. The group has not only given world-class amenities but has enhanced the lifestyle of residents by introducing luxury living. To cater the need of commercial complex for the residents of the vicinity, Sanfran Group launched the first commercial of New Jhansi by the name of “Sanfran Plaza”. This commercial building is spread over 5 floors with a total area of 77000 sq. ft. is a blend of shops, offices, showrooms, anchor store, rooftop restaurants etc. which will accommodate the needs of approx. one lakh inhabitants in the vicinity.

The launch of Sanfran Plaza has added another feather to the hat of the Group. The Group has recently launched its first group housing project at Jhansi by the name of Sanfran Sarovar Heights. The project is comprising of 4 towers offering 2, 3 and 4 BHK apartments with state-of-the-art amenities. The project will have shopping arcade, club house with infinity pool, gymnasium, banquet hall, and

indoor games. Badminton court, basketball court, skating rink, temple, open air gym, interactive fountain, vehicle free podium park and kids play zone will be the additional special amenities within the project. In Lucknow city, the group is offering affordable villas which are in flat price with a tag line “3BHK FLAT KE DAAM MEIN 3BKH VILLA”. In addition to this the group is coming with commercial, office space, service apartments and hotel in Lucknow. In Visakhapatnam it is developing a mall, hotel, and township. In Gurugram, the group is coming up with another group housing project. The cities where the group is launching soon are Orai, Bangaluru, and Ranchi.

After the delivery of 2000 units in different locations of India, the group has planned to deliver 4000 more units to its customers in the coming 2-3 years. The group’s mission for quality construction, timely delivery and customer satisfaction and the vision for no shortcut to "Quality" are taking the group to a new height.

The group has till now delivered and developed various residential, commercial, educational, and healthcare projects in different

cities namely Green Home Tower in Gurugram, KLLC lounge in Dubai, Green Home City, Green Home Residency in Jhansi, Sanfran Square in Noida, Delhi Public School and Sanfran Ken Hospital in Jhansi. In the projects delivered till now, Sanfran has proved its dedication to quality and construction. Today, Sanfran Group actively partners with internationally acclaimed architects and design consultants for its various ongoing and upcoming projects.

Apart from PAN India’s presence, the group’s prestigious project KLLC Dubai is in the heart of the city and is a café cum lounge. At KLLC, Indian culture is recreated in the heart of Dubai. The corporate office at Sanfran Square, Sector-2 Noida is the preferred location for office space. The Group has performed tremendously in times of pandemic. In the times of this crisis technology was a boon and the group intelligently use all modes of digital mediums to showcase the sample villas virtually and the team gave personal connect to the prospective buyers by resolving all their queries and finally they became a part of Sanfran family.

Today Sanfran Group has PAN India presence in various cities viz. Gurugram, Noida, Ahmedabad, Visakhapatnam, Jhansi, Allahabad, Lucknow, Orai, Shivpuri, Jaipur, Bangaluru and Farrukhabad.

The group is not only in the Middle East but is also having its presence in other parts of the world. The group is going to establish its business in London and Kenya and soon Sanfran Group will be starting its vertical to cater the demand of small houses for the students coming from different parts of the world to London for their higher studies.

Mr Santosh Mishra, Director, Sanfran Group with Kenya Prime Minister

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It is noteworthy to mention that the customer has trust in the brand not just with quality construction, timely delivery, and prompt attention to all their maintenance issues but transparency which in the long run converted Sanfran as the most trusted brand in Real Estate.

SPECIAL STORY

A CENTRE WITH ALL BUSINESS NEED

PRARTHANA AWASTHI IDS GLOBAL BUSINESS CENTRE

Ms. Prarthana Awasthi, Business Head for IDS Global Business Center is receiving the Best Office Service & Co-Working Space Brand of UAE award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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rarthana Awasthi has been running the IDS Global Business centre for the last 5 years. It was a great experience and an exciting journey for her. So, she started with one Business centre in Business Bay. By God’s grace today she has 5 fully functional branches & one management facility under legal process.

have to be that we provide virtual, furnished, and shared office solutions to all our clients.

IDS Global Business Centre at Business Bay Dubai was founded to provide national-international companies and businesses with all expenses. Establishing a business overseas can be quite a complicated experience. Still, it doesn’t

• 24/7 Security- Relentlessly safeguarding your valuable data & assets.

Prarthana Awasthi said success did not come overnight. There was a great amount of hard work, patience and the need to excel in everything that we ventured into. Adhering to business ethics was equally, or perhaps, more important to us. Her progress to date has been based on one main motive: Deliver the Best Service Possible under any circumstances!

• High-Speed Wi-Fi -A high-speed seamless internet access throughout the day.

This has kept her going & she got lucky that people today know her as one of the best business centre providers in UAE.

Ms Prarthana Awasthi said that they are providing the following services• Creative Space, a lively workspace to match your diverse business needs.

• Free Parking- After all the traffic, your vehicle has space too!

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SPECIAL STORY

THE EDUCATION LEADER A. SRINIVASAN

CHAIRMAN OF DHANALAKSHMI SRINIVASAN GROUP

Mr. Raja Sehar Ramaswamy, on behalf of Mr. A. Srinivasan, Chairman, DS Group is receiving Lifetime Achievement Awards from Shri KC Tyagi, Secretary General Janta Dal (U) and Former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards, held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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ery few persons coming from a humble background and a commoner treading this planet Earth make a difference in the lives of other humans and uplift them. It is fitting to shower glowing accolades and commendations on A. Srinivasan is right at the forefront of shaping the lives of future generations in a non-descript backward area in the State of Tamilnadu in India.

In the present day fast-moving topsyturvy world, where get-rich-quick is more the norm, here is a man full of compassion, love, vision and a lion-hearted charity-minded focus on fellow human beings irrespective of caste, creed, religion, gender enlarges

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and enriches their lives. The growth of a town or a place mainly depends on the characteristics such as rainfall, minerals, type of soil, water, and workforce resources bestowed on attracted by that locality. On top of the above, connectivity by road, rail, sea and air, including expandability and communications network, is paramount. With none of the above, and with just the attribute that it is located off of the Chennai–Thiruchi Highway, lies the backward town of Perambalur, a dry city in the State of Tamil Nadu, India.

It would be an understatement to record and glorify that Dhanalakhsmi Srinivasan Group etched the town of Perambalur not only on the map of

India but firmly and permanently on the world map, as well. A. Srinivasan is a much sought-after person to be the Chief Guest for any ceremony, although coming from a very humble background and not even having a formal education, having had to quit mid-way through his primary schooling.

In 15 years, the Dhanalakshmi Srinivasan Group (DSG) has grown by leaps and bounds into many businesses and 17 Educational Institutions. It continues with its stupendous and phenomenal growth. Together with Educational Institutes, business interests in dairy, transport, financing companies, sugar mills, hospitals, star hotels and power generation are taking root and spreading wings in a breath-taking.

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Presently, about 30,000 students are reaping the benefits, out of whom nearly 25 % avail hostel facilities and 150 buses are used to compute the students, with a meager fees structure. Besides the above, not-so-wellto-do students are also provided with many other accessible facilities.

Moreover, Dhanalakshmi Srinivasan Hospital at the village of Siruvaachur on the Chennai – Trichy National Highway offers free treatment along with free bus facilities for the patients of the surrounding areas. The person shaping the future of 30,000 students with honour, dignity and world-class education is neither a highly educated person from a city nor born into a well to family.

He grew up in poverty and could not find time for studies, discontinued mid-way through the primary school level. The world witnesses so many persons who could not cope in life, although born rich and go astray without scaling new heights, but to start from scratch and just on one’s own and come up in life and help others is a glowing example of human spirit, freedom, vision and self-

realisation. Two traits stand out in people who came up in life the hard way – ‘I toiled so hard to come up, why should others have it easy, let ‘I struggle too’ and ‘I struggled due to circumstances, let others not struggle, let me help me in whatever way I can’; Shri Srinivasan certainly belongs to the latter category. Before taking up any major activity, he thoroughly examines and discusses with related persons in the know-how. Even for a new business venture, he keeps it in mind.

He reckons about the persons, families and environment who would benefit from the venture rather than profits.

The Concrete Ready-Mix plant for construction is an additional milestone in the continued growth saga of the Group. A world-class medical facility, a medical college, an integrated engineering college campus and star hostels are added to the landscape of Perambalur by Srinivasan’s family, including promoting Indian culture, heritage and fine arts. His successful ventures as a big joint family system question the efficacy of the modern trend of practicing the nuclear family system.

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A simple soul, who is full of compassion, love, vision and a lion-hearted charity-minded focus to fellow human beings

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As was the trend in those days to seek better living and green pastures in megacities, Srinivasan too reached Chennai based on the advice of a few friends who could not make a living in the village. His friend secured a job for him at a theatre on Waltax road, Chennai.

He did two jobs in a day and earned whatever he could.

By staying at a lodge nearby, he did a job and then another at Egmore (terminus of southbound trains). Putting his nose to the grindstone, with practically a few hours of rest and sleep, he did both jobs. How to increase his income was constantly on his mind and an idea struck – a provisional store, then a tea stall and a cycle shop, he started one by one. The year 1961 was a turning point in his career. One business led to another and he started his dairy farm and then won a tender for milk supply in the village of Vellaari Pattu.

Experiences gained while tending to cattle earlier came in handy. The gruelling hard work he put in for five years from 1963 to 1968 was challenging – milking the cows in the early mornings, then commuting by cycle one-way trip for about 30 Km, followed by work at the tea stall till 5 PM, then one more round of milking and delivery120 Kms of cycling alone, per day. Once the tea stall business stabilised, he started a fertiliser

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shop, cattle feed etc. Srinivasan struggled a lot between 6 and 18 years of age, then started tasting success due to his hard work, honesty and integrity. Shop businesses clicked one by one and to multiply money, he started a finance business and did well.

“Behind every man’s success, there is a woman”, so goes the adage; in Srinivasan’s life, too, the lucky lady came in the form of his wife, Dhanalakshmi, in the year 1967. She hailed from a nearby town, Thuraimangalam and shared her husband’s burden in business after marriage. Giving necessary advice and exercising appropriate controls, she instilled in him wise business decisions. Testing times come in every aspect of life; course correction should be exercised at the right time and appropriately.

Shri. Srinivasan had to undergo similar circumstances during the emergency period; he had to give up the financing business but opted for the Chit Fund business instead. He invested in all possible joint holding businesses in Perambalur, along with others. He invested in transportation, movement of goods, liquor bar, hotel and lodging and expanded his businesses. He started a Matriculation School in 1994 and on the first day, students in that backward area enrolled numbered 320. Growing by leaps and bound, today,

DSG runs 17 Educational Institutions. In the intervening years, he secured a license to deal in chemicals for blasting. He believed that he could run any business. He did not believe in luck or bad luck. His inputs were hard work, effort, struggle and self-belief. He was not of the herd mentality of ‘make your fortune when your time is right. He has always been swimming against the tide, be it flash flood, under current or Sunami. As he encountered them, he had the courage to succeed in life against all the odds. He did not give up in trying times and in the event of facing failures.

He was focused, coordinated and synergised his efforts always towards success. He knows no enmity and does not consider anyone as his opponent. He assists even his competitor, that is, his style. Honesty and gratitude are his forte. He keeps up his words, expects the same of others and does not indulge in lies or wheeling and dealing.

Going beyond caste, creed, religion and petty politics, his service to all humans is commendable. He donates very freely to all noble causes. He has touched the lives of many people from Perambalur and surrounding areas who have benefitted in more ways than one from DSG. The Group successfully branches out and operates its offices at Thiruchirapalli and Chennai.

SPECIAL STORY

THE MAN OF LOGISTICS AMAN IQBAL MAULVI

MANAGING DIRECTOR, INTERGLOBE MARINE LLC

Mr. Aman Maulvi, MD, InterGlobe Marine LLC is receiving the Best Logistic Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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man Iqbal Maulvi is the versatile owner and Managing Director of Interglobe Marine LLCDubai, IGM Shipping Pvt LtdIndia & Interglobe Container Yard LLP-India. InterGlobe Marine (Dubai) was established in 2011. Aman Maulvi is a visionary entrepreneur with years of global expertise and exemplary managerial skills.

He is well-known in the shipping sector for his ethical and conscientious actions and has built a robust network.

With in-depth exposure and experience in logistics, shipping, air, and ground transportation and a track record of exceeding expectations, Aman has always given direction and leadership toward achieving the organization’s philosophy,

mission, strategy, and annual goals.

InterGlobe has endeavoured to meet the maritime sector's high standards for over a decade and won the industry's trust. InterGlobe, ensures production efficiency, quality, service, and costeffective management of resources. As a team of professionals, we seek to create a centralised, swift, and secure platform for logistic transactions by leveraging the industry's enormous international and domestic resources.

Interglobe Marine is to be recognised as the industry's torchbearer and become the preeminent global logistics and supply chain management organisation, serving as a reliable partner to all our clients.

Interglobe Marine takes pride in giving superior and extraordinary service. We do not exaggerate when we say that our services are matchless and unrivalled.

Interglobe Marine recognition has boosted our morale and made us more determined to pursue our goals.

Aman Maulvi added, on behalf of the entire Team, I would like to take this opportunity to acknowledge the sincere efforts of our dedicated and committed employees.

This recognition has boosted our morale and made us more determined toward our goal. I am confident that our experts will continue to put in their best efforts, pursue the path of excellence, and find innovative ways to tackle any challenges we may face.

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SPECIAL STORY

THE INVESTMENT LEADER HASAN NAQVI

INVESTMENT DIRECTOR, ANZA INVESTMENT

Mr. Hasan Naqvi from Anza Investment is receiving the Best International Investment Advisor of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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asan Naqvi, Mohalla Guzri, Amroha has recently achieved new stature in his field of the investment sector and acquired the Best investment advisor of the year award during the International Business Summit & Awards 2022, event held at Atlantis, The Palm, Dubai on 17th September 2022. His journey of reaching to present position of director in the company and receiving this esteemed award in a foreign land has been very challenging but inspirational.

Therefore, he could be a role model for many youngsters in society.

Hasan Naqvi, known as “Shammu” amongst his friends and relatives, was born in Amroha and brought up in Lucknow.

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Starting from his primary education at “Unity Public School” to becoming a graduate in commerce in 2007 from “Shia P.G. College” he received overall education from Lucknow. Soon after he went to Delhi and started, his first-ever job in a Call Centre. There he worked for almost a year but with the desire to grow in life and develop his skills, he decided to explore a better job in a reputed company.

He was about to go back to Lucknow in search of a better assignment, he came across a newspaper ad about an interview call for some position in Barclays Bank in Dubai. Although he had no experience in the banking sector, because of his enthusiasm, he decided to attend the interview the next day. According to him “there were numerous candidates at the

venue and almost all were looking very well prepared for the interview. On the other hand, he was completely unaware of the banking sector and so started asking questions to the candidates sitting there along with him. It was his attempt to have some basic knowledge and information about the banking sector so that he can at least face the interview. Finally, it was his turn and he could perform only because of the information, he collected from other candidates at the venue. Indeed God decides his destiny as per his eagerness to do something and he was selected for the second round of interviews then the third and final for the fourth round. After a few days, one of his friends who became a friend during this interview process called him over the phone and informed him

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that he has got selected and received the visa through email. He took checked his email and thanked God to see that he also received the visa to join the Barclays bank in Dubai. Finally, he reached Dubai to work for a highly reputed bank in the UK”. After going there in 2008, he worked for different banks in Dubai for various portfolios. A few years back, he joined Anza Investments; a well-reputed company based in Dubai. He has been continuously working for the growth of his company and recently visited Germany and Italy on important official assignments. At present, he is in the position of investment director in this company and received the “Best business advisor of the year award” due to his continuous hard work and dedication and for which we must congratulate him and wish him many more successes for his future endeavours.

Hasan Naqvi strongly believes that for Foreign Investors Dubai offers multifold futuristic and cosmopolitan investment opportunities.

UAE- based personality -Hasan Naqvi is a very prominent name in the Investment arena! He enjoys staying erudite on the latest updates revolving around the investment sphere. He is ready to impart some insights regarding why investment in Dubai is enormously profitable for Foreign Investors and his viewpoint on the

future of Business in Dubai. With a plethora of business acumen skills & 12+ years of exhaustive experience spanning all aspects of the investment arena under his belt. What he has to say are just prolific lessons learned along with his victorious entrepreneurial journey and as a leading Senior Investment & Banker.

According to Hasan Naqvi, Dubai is the financial hub, transport hub and also a property hotspot of the moment for lucrative and international momentous business moves. He strongly believes that for Foreign Investors Dubai offers multifold futuristic and cosmopolitan investment opportunities, making it a haven for investors and venture capitalists.

He verbalized that the influx of investment pouring in from all sides in Dubai is indeed access and exposure for both budding and already established entrepreneurs to expand their business setup. Minimal or no personal taxation policy in Dubai for business setups is a major perk for business owners to invest in Dubai, along with benefits like a smart economy, easy connectivity, seamless visa rules, growth in the provision of credit, blossoming tourism industry for numerous business opportunities, lower-cost portfolio products and digital financial services, Hasan Naqvi stated in an interview.

Hasan Naqvi strongly believes that for Foreign Investors Dubai offers multifold futuristic and cosmopolitan investment opportunities.

UAE- based personality -Hasan Naqvi is a very prominent name in the Investment arena!

He enjoys staying erudite on the latest updates revolving around the investment spher.

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SPECIAL STORY

BEST STARTUP MERAKI INFRA GLOBAL

RAJESH ROONWAL, MANAGING PARTNER MAMTHA KUMARI, COO MERAKI INFRA GLOBAL

Mr. Rajesh Roonwal, Managing Partner, Meraki Infra Global and his Wife, Mrs. Mamtha Kumari are receiving the Best Start-Up of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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Meraki Infra Global is a Start-up firm and a brainchild of Rajesh Roonwal, established in an entrepreneurial drive.

He augmented infra business into Dharmis Group, a family-owned financial services and Jewellery business, with his two decades of rich experience.

He was registered in 2019, amidst the world pandemic of Covid-19, to provide EPC services, Signalling & Telecom, Communication networks, City surveillance, UGOFC, Safe city, Smart City, Building Networks & Telecom Infrastructure.

Rajesh Roonwal, Managing Partner, Meraki Infra Global, has in-depth exposure to most businesses in the financial services sector. He has a deep interest in technical

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analysis of the equity markets and has extensively researched the Indian stock and commodity markets. Commencing his professional stint with his family-owned Dharmis Group, he has supported many businesses and businessmen to navigate through turbulent times with a strong sense of purpose and clarity of thought.

Mamtha Kumari, Chief Operating Officer at Meraki Infra Global, comes with expertise in Accounting and finance and technology, Engineering and Building Infrastructure. She is the backbone of Meraki Infra Global and has transformed the traditional family business into an Infrastructure development company with systems and processes in place. She ensures that the company is keeping up with changing times; with her guidance and hard work, the family has ventured

into Meraki Infra Global, an Infrastructure provider, besides their core jewellery business and finance business. The group is perceived to be a trusted business house, providing quality products and good customer service with high standards of integrity and accountability.

“When companies compete at equal price and functionality - design and the value proposition is the only differential that matters. When you add some value to someone's work, if we can reduce people's working time, if they delegate some work to us, they are willing to part some of their revenue. Either make something easier for someone, speed up somebody’s work, or provide service to somebody that makes their life easier. If we need more revenue, add more and more value to others’ lives, and that is

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our firm belief, says Mamtha Kumari, COO of Meraki Infra Global. The initial two years were very tough and challenging; our problems due to the pandemic have stimulated us to reinforce our presence across diverse sectors while foraying into new growth areas. With firm focus and dedication to becoming an industry leader, we decided to address only prestigious quality projects where we can prove our value proposition, not just supply or install or erect; we are set to create new benchmarks in excellence and quality by building new-age infrastructure. We structure our business model as more agile to provide a personalised, next-generation offer, quickly adapt ourselves for the change in preferences of our clients and secure our standing in the industry.

Being a Start-up firm, the tough times are definitely behind us while competing with established companies. We redefine ourselves by adopting and mainstreaming digital and other new technologies.

We anticipate the rapid pace of digital change in the infrastructure and construction industry and quickly adapt to these changes. We become more innovative and keep ourselves ready to embrace new technologies, business models, possibilities, and ideas as they emerge. The opportunities are immense and we integrate new technologies most effectively. We constantly update our business capabilities and are sure that our offer to our customers will reap the biggest rewards.

The infrastructure industry must modernise to secure its future. We ensure our clients with maximum productivity & increased profitability by providing them with a high-quality communication network with seamless operation & maintenance convenience. We have the skills, resources, expertise and most importantly, the ability to complete projects to the highest standards on time. Integrity and a high standard of ethics are fundamental to Meraki Infra Global's beliefs and are to be upheld by all individuals employed by the Company. The Company and employees must remain committed to obeying all laws and always doing what is right. We emphasise competitiveness, timely execution and building strong relationships.

We are strengthening our in-house execution team by hiring more engineers, project managers, safety personnel, Quality Controller & procurement specialists with a proven track record. On behalf of the entire Board, I would like to acknowledge the sincere efforts of our employees, who have

been dedicated and committed to their work. I am confident that our team will continue to put in their best efforts and pursue the path of excellence to take the company to the next level and scale new heights in the years to come, says Mr Rajesh Roonwal, Managing Partner, Meraki Infra Global.

“I want to say a huge thanks on behalf of my team members for this recognition. Everyone at this event today has been impacted by the pandemic.

It has transformed the way we work, the way we live, the way we engage ourselves with others, the way we operate and even many of our family dynamics. The isolation, anxiety, fear, and depression that the pandemic has caused take its toll on employees daily. It is challenging aspect for employers to extend compassion and continuous support to keep every employee motivated with daily uncertainties. I am fortunate to work with such an inspiring team and enjoy my work space with more human values, with an overwhelming performance from the team with passion and best efforts, says Mamtha Kumari Not only that, Mamtha Kumari has been an active participant in various social work. This inspiring lady stepped up to do her best to spread positivity and hope among the underprivileged.

Rajesh Roonwal and Mamtha Kumari have a strong and determined passion for serving society in every possible way. They are a firm believer in Corporate Social Responsibility and demonstrated this with their family members under the initiatives from Dharmis Foundation.

A free Eye Check-up Camp and Cardiac ailment camp are organised monthly by Dharmis Family in collaboration with leading Hospitals & Senior Doctors for the economically weaker section of society. The eye camp aims to spread awareness of eye disorders, early detection of ailments, detect refractive errors and provide corrective glasses free of cost to them. Dharmis family has ensured that they have extended their support to those suffering across India on every occasion, the needy people.

Rajesh Roonwal, Managing Partner, Meraki Infra Global, has in-depth exposure to most businesses inthe financial services sector. He has a deep interest in technical analysis of the equity markets and has extensively researched the Indian stock and commodity markets.

Finally, this recognition has boosted our morale and made us more determined to pursue our goals. I express gratitude for your support and encouragement to Meraki Infra Global on behalf of the Management team and assure you that to take Meraki Infra Global to new heights in times to come, says Rajesh Roonwal.

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SPECIAL STORY

A DYNAMIC EMIRATI BUSINESS MAN

DR. BU ABDULLAH

A RENOWNED EMIRATI BUSINESSMAN, PHILANTHROPIST, SOCIAL ACTIVIST AND LAWYER

Dr. Bu Abdullah, Chairman, Bu Abdullah Group of Companies is receiving the Emirati Icon of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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r. Bu Abdullah is an Emirati businessman of par excellence, having expertise in law and business. He currently owns more than 270 companies in Asia and other parts of the world.

His company, Bu Abdullah Group of Companies, includes Real Estate, Legal firms and business consultancy.

His work has been applauded for his commitment and thorough professionalism. In 2005, he embarked on his own company, Bu Abdullah Group of Companies, roping in top lawyers and business professionals. He pursued his degree in law to get an edge over the subject so he could offer his clients the

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best services. His professional advice has worked for many. So far, he has dealt with more than 200 companies across the Middle East and Asia, catering business and law solutions to big and small companies.

His humble nature and competence have helped him connect with top people from different walks of life, including influential people from Middle East and Asia political circles. He has good terms with the Royal Family of UAE and the top politicians of India and Pakistan. Dr. Bu Abdullah is currently a Guinness World Holder and won big applause for being the 1st Emirati to visit the Lok-Sabha in India for the Atal Bihari Bajpayee Awards 2019. His works

speak a lot and have even helped him bag several awards, including getting the Most Iconic Emarati Business Personality of the Year 2019 by Ramdas Athawle, Minister of State for Social Justiceand Empowerment in the Narendra Modi Government.

Dr. Bu Abdullah plays a crucial role in nurturing the concerns of Non – Residents and ensuring communal unity among the NRIs in the Gulf region. With his good connections in Bollywood, we never knew he would embark on one project in Tinsel Town soon.

Dr Bu Abdullah deserves respect and the international recognition he has today is acclaimed as one of humanity’s

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inspirational leaders. His superior reach and impact extend far beyond the Middle East, so he continues to grow and share whatever he has earned. He is an exemplary person who leads by example by honouring multiculturalism, regardless of an individual’s ideology, citizenship, gender or religion.

He desires to spread and weave a vibrant tapestry that ties humanity in a shared vision for a better tomorrow. He has been and is still performing a decisive role in fostering the concerns of Non–Residents and ensuring communal unity among the NRIs in the Gulf region. He makes it a point to be available for the masses without any personal gain.

Dr. Bu Abdullah a renowned Emirati businessman, philanthropist, social activist and lawyer, has varied sides to himself.

His expertise is of par excellence and he is on a MISSION to empower every person & organisation to achieve more and help flourish. It was his conscious efforts to reach the demanding position he is in today. Being trained at a military school, he matured in the right tones and skills of leadership, which encouraged him to be a competent professional and a successful businessman.

Dr. Abdullah is an active supporter of the

United Nations System for a better world & the United Nations Sustainable Development Goals 2015 – 2030. He was also presented with a token of appreciation for his support of using Micro-Algae Spirulina against malnutrition and to save current and future generations from the scourge of malnutrition, hunger, poverty, violence and climate change. IIMSAM is one of the thirty Inter-Governmental Organizations (IGOs) which are presently accredited as observers to the United Nations Economic and Social Council at UNHQ in New York and is an ardent promoter of the United Nations, which is committed to the principles and praxis of universality and multilateralism through the UN system. Dr. Bu Abdullah was also the recipient of the “Most Socially Responsible Company of the Year” for philanthropy, diversity, labour practices and volunteerism by H. E. Sheikh Sultan Al Qasimi and H. E. Dr. Hind Bint Abdul Aziz Al Qasimi at the Fashion & Excellence Award Night, 2020 for his conscious efforts.

Dr. Bu Abdullah strongly believes poverty and hunger have no religion or a specific community. Thus he does not see that he should donate to any particular ethnicity but only towards Humanity.

January 2023

Dr. Bu Abdullah a renowned Emirati businessman, philanthropist, social activist and lawyer, has varied sides to himself. His expertise is of par excellence and he is on a MISSION to empower every person & organisation to achieve more and help flourish.

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SPECIAL STORY

THE BARON OF MANUFACTURING

DR. PRATEEK SURI

FOUNDER & CEO, MASER GROUP

Dr. Prateek Suri, International Business man is receiving the International Business Icon of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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r. Prateek is a seasoned CEO & founder and indeed a respected young business leader in the tech world, having founded and steered Maser, a Dubai-based electronic manufacturing company, to become one of the leading multi-milliondollar companies having grown Maser’s portfolio from merely producing LED TVs manufacturer to include smart TVs, household electrical appliances such as air conditioners, washing machines and audio systems. Suri has made his fortune by identifying the need to meetthe supply of high-quality TVs and other electronic products and make them affordable brands to the masses in economically disadvantaged countries.

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His company has expanded to form a successful multinational company with interests in the Middle East, Africa and Asia. He has also been rewarded for his entrepreneurial acumen, having grown in leaps and bounds to vast manufacturing concerns.

In Dubai, he was distinguished with a golden visa in 2019 by the UAE’s Vice President and Prime Minister as one of the leading business luminaries in business His Highness Mohammed bin Rashid. Growing up in India in an entrepreneurial family, he always had a passion and dream of running his firm.

This became a reality when he relocated to UAE to pursue his bachelor’s degree in mechanical engineering (Hons) at

the BITS Pilani (Dubai campus) in 2010.

In December 2019, he was awarded an honorary doctorate in international business. And he has never looked back –his journey has been upward.

Buoyed by his vision and boldness to try to venture into the untested waters, he went to work hammer and tongs.

Maser Group has previous existence across Africa and Gulf Countries. The Group's methodology is to grow its brand across the globe, like European Union and Latin America, in the eight areas based on LED Television, Audio Systems, Washing machines, Air conditioner, Dish Washer, Vacuum cleaners, Irons and refrigerators. Before the Group decided to capture significant

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new places, The Group surveyed research and market analysis on maximum retail prices in the European Union and Latin America.

The Group plans to extend its focus on the presentation and quality of products with market giants like Samsung, Sony, Hisense and TCL, which already have units and advantages over these countries. As you know, Maser is an independent, dynamic start-up driven by technological innovation, focused on disrupting the consumer electronic market with its budget-friendly electronics for qualityconscious consumers in the Middle East and Africa markets. In 2019 Maser sold 200,000 units in Dubai, 70 percent of which got reexported to impact the lives of African families through entertainment. In 2020, the brand reached a volume of more than 600,000 units which is more than double, making Maser the 1st brand to sell the highest number of units in Africa. Maser has been recognised as Africa's most admired technology and 1st highest wearable brand.Although international brands like Samsung, Sony, and LG continue to dominate the market and lead with premium segments, according to the survey, MASER has made its space in Africa for low-cost segments beating most of the Chinese Players like Hisense and TCL. The Survey revealed the market share for the top five brands low-cost segment; Maser has 74 percent, Hisense10, TCL 8, Xiaomi 6, and Haier 2 percent.

In fewer than seven years, the company has established itself as the leading maker of products that have become a household and are poised to become more ingrained in the lives ofthose using them. Maser continues to invest and targets to invest up to USD300 Million in LED TVs, Air-conditions and washing machines for sale in the Middle East and Africa over the next three years. The principal areas of Maser’s business are consumer products manufacturing consumer electronics like Audio Equipment, Video Equipment, Appliances and Telecommunications Equipment. Maser has maintained a top position among lowcost segments beating most of the Chinese giants Hisense, Lenovo, Anker and TCL in Africa. Maser achieves 200,000-unit sales

Milestones in consumer electronics products.

It has crossed a significant sales milestone of 200,000 units sold with in a year of starting sales and distribution from the UAE. Maser Group is looking to tap into the West African market and plans to invest about UDS100 million over the next three years in manufacturing. Maser's goal is to provide high-quality productsat affordable prices since Group is a conglomerate built on the promise of trust. Maser, down the line, plans to extend its operations in many international markets, including European Union. Maser Group is interested in technology, electronics, real estate and finance.

As a responsible corporate citizen, Maser prides itself on contributing toward the positive transformation of life in the environmental, social and economic well-being of the society in which it operates. Through the Corporate Social Responsibility Programme (CSR), Maser works with employees and other stake holders to identify areas that need participation and attention. Maser provided schools with textbooks, furniture and other learning materials as a national organisation.

Maser playsa vital role in society and ensures that employees are cared for and given equal opportunities to develop and flourish due to being part of Maser. Maser CSR projects focus on education, gender equality, economic empowerment, disaster relief, preventive healthcare and sanitation, environmental and sustainability and more.

January 2023

Dr. Suri has made his fortune by identifying the need to meetthe supply of highquality TVs and other electronic products and make them affordable brands to the masses in economically disadvantaged countries.

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SPECIAL STORY

AN AWARD WINNING DIRECTOR

ZENOFAR FATHIMA

CEO, ZEN FILM PRODUCTIONS

Ms. Zenofar Fathima, CEO of Zen Film Productionsis receiving the Best Director of the Year, UAE award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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enofar Fathima is a Dubai-based personality, filmmaker, movie producer, actress and CEO of the Zen film production company.

She took over the Dubai film scene in early 2018, with her company commencing entry into the short film world with the Enigma series, an array of short film stories based on social awareness. Fathima- who is also a UAE Golden Visa Recipient- is an individual who seeks to create social awareness through her short films and other initiatives.

To date, she has produced and directed 10+ short films tackling issues of cyber extortion, depression,

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domestic violence, the dark side of the Internet, and more. As a result, she has been featured in large-scale publications across the UAE, India, Pakistan and more. Fathima recently directed and produced Ayah, a Meta spiritual short film in association with Firdaus Studio by A.R. Rahman, which has won 9 awards just a month after its exclusive premiere.

Zenofar Fathima is a Dubai-based Indian filmmaker, entrepreneur, producer and actress. She is best known for her social awareness short films such as The Peril, The Peril 2 and Hope. Zenofar commenced her journey into the Dubai film industry after directing and producing

a Malaysian-based cookery show known as Food Addict in 2016.

The show featured herself and starred Bollywood celebrities like R. Madhavan and Rahul Dev. Javed Jaffrey and Sukhbir Singh attended the launch of the show. In early 2018, Zenofar launched her own company, Zen Film Productions. Her brainchild had initiated its cinematic journey with her first film, 'Selfie', a tale of friendship and compassion which had also starred Bollywood actor Mukul Dev. A few years later, Zenofar created the Enigma series, an array of curated short films that each delved into a particular social issue faced by society.

Zenofar has acted in, directed, and

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produced 12-15 short films in the last two years. In doing so, she has tackled the dangers of the Internet for children with The Peril, domestic violence in A Dark Tale, and cyber extortion in The Pit. Zenofar released a short film Public Service Announcement, known as Hope, which focuses on depression and suicidal tendencies of individuals in times of the Coronavirus

Zenofar has recently released her short film psychological thriller series Specter, which was filmed during the Coronavirus lockdown. The series' first episode has aired on Zee TV Middle East, whilst other episodes are currently in the works.

Her work has been recognised by renowned personalities such as Sonu Sood, Sohail Khan and Hend bint Faisal Al-Qasimi.

January 2023

Zenofar Fathima is a Dubai-based Indian filmmaker, entrepreneur, producer and actress. Zenofar commenced her journey into the Dubai film industry after directing and producing a Malaysianbased cookery show known as Food Addict in 2016. The show featured herself and starred Bollywood celebrities like R. Madhavan and Rahul Dev.

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THE MAN WITH TENDER HEART

SUDHIR TIWARY

DIRECTOR, TENDER HEART SCHOOL

Mr. Sudhir Tiwary, Director of Tender Heart School is receiving the Best School of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and ViceChancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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ome journeys create history and the journey of Tender Heart School is one such.

When one turns the clock back and gazes at the past 35 years, it is incredible that the school that had a very humble beginning is now one of the finest schools in India. It began in a small building with few rooms and barely five students. The journey was tough and full of challenges but the passion, dedication and devotion of the founder Principal Gargi Manju made this possible.

The school has seen exponential growth under the leadership of Sudhir Tiwary and Gargi Manju. It shifted from Hinoo to Birsa Chowk and then

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to Tupudana. The school is housed in two separate premises as junior and senior wings. The buildings are a blend of the Vedic Gurukul Model and modern architecture providing quality education and holistic development to more than 6000 students.

With the consistent effort of the educators, the support and cooperation of the management and the student’s hard work, they have excelled in both academics and co-curricular activities.

The school's annual function KILKARI becomes the talk of the town. Besides holding a spectacular programme, it is also graced by celebrities like R.D. Burman, Gulzaar Sahab, Prakash Jha,

Gopi Desai and many others. Adversity brings out the best in people and this was proved right during the corona pandemic.

When life came to a standstill and everyone was confined at home it became a challenge to educate the students. During these difficult times our Associate Director, Vedaant Tiwary conceptualised the online mode of education. It is a major fate that Tender Heart was the first school to start regular online classes. To date, we are continuing with the online and offline classes. During covid, Anil Scholarship Programme was initiated to support the students who lost their parents.

Not only students but the school

COVER STORY SPECIAL

management ensured the well-being of the employees too by neither deducting the salary nor terminating any worker.

For this great effort, recognition came to Tender Heart School significantly.

Tender Heart School was awarded at the International Business Summit and Awards.

The programme was organised by Observer Dawn Media Group in association with BECIL (Broadcast Engineering Consultants India Limited) in Dubai at Atlantis the Palm on 17th September 2022.

Sudhir Tiwary, Director of Tender Heart School graced the event and received the Best School of the Year (India) award under the patronage of HH Sheikh Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan. Fulfilling their social responsibilities this eminent couple began with a plantation drive MISSION

5000 whereby they distribute a minimum of 5000 saplings annually.

Keeping in mind the shrinking water table, Rain Water Harvesting System was installed on the school premises on 8th September 2016 which saves around 15 lakh liters of water yearly. They did not stop there.

During covid times when both human and finance were a great challenge for executing any work, Tender Heart School constructed a road and drainage system and are also working on its maintenance.

It is quite evident that Tender Heart School has emerged as a pioneer in all fields.

However, greater milestones are waiting on their way. A young and vibrant team is working around the clock to take this esteemed institution to newer heights.

January 2023

The school has seen exponential growth under the leadership of Mr. Sudhir Tiwary and Mrs. Gargi Manju.

It shifted from Hinoo to Birsa Chowk and then to Tupudana. The school is housed in two separate premises as junior and senior wings.

The buildings are a blend of the Vedic Gurukul Model and modern architecture providing quality education and holistic development.

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SPECIAL STORY

CITY ONE TOURISM & TRAVEL

A TAILOR-MADE TO SUIT THE REQUIREMENTS

HEMALI SHAH

BUSINESS OWNER OF CITY ONE TOURISM & TRAVEL LLC

Ms. Hemali, Shah, Founder of City One Tourism and Travel LLC is receiving the Best Tour and Travel Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

H

emali Shah a woman of goals and determination, has been the successful business owner of City One Tourism & Travel LLC, an award-winning travel agency in the UAE, for over ten years. She has a total of 30 years of experience in the hospitality industry.

She has incorporated several strategies in her company by establishing custom-designed holiday packages, giving her customers wonderful vacations and countless sweet memories to treasure. City One Tourism & Travel is recognised as one of the top tour companies in Dubai, specialising in

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both inbound and outbound tourism and travel.

It is a DTCM-approved company and offers comprehensive travel programs to Tour Operators around the world with a variety of custom-designed holidays and business travel with outstanding attention. All their tour itineraries are tailor-made to suit the requirements of their customers.

Through her travel agency, they provide hassle-free travel solutions locally and internationally for those who’d like to explore the world on their terms. She also loves to partner with international travel agencies who’d

want local support to facilitate their clients’ throughout their travel. Their services allow you to relax and they take all the burden as they have a list of trusted hotels, travel partners, and tour operators who make sure you’re well taken care of. And that’s why it has worked for their clients.

Travel and tourism in the UAE is one of the most competitive sectors, especially during EXPO 2020, and currently booming again and has coped after the pandemic hit.

Her business is rising as a tourist from all over the world is coming for holidays and outbound destinations that

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keep lining up. Loyal customers who patronise City One Tourism & Travel and word of mouth contribute to gaining more people to believe in their expertise and reputation in the industry.

“I believe that in the UAE market, customer service is the key to good customer relationship management. It would be best if you looked at your customers as extended family. This promotes loyalty and helps them feel at home all the time.

Putting yourself in their shoes is a must because in that way you are able to show them your empathy and from there you can start building the trust.” Hemali Shah During the pandemic in the year 2020, City One has done

repatriations of people going home to India.

Because of that, Hemali Shah was awarded a “Smart Covid Hero”.

Furthermore, being one of the best and most trusted agencies, they received tremendous awards in the past years. They received the Certificate of Excellence from 2016, 2017, and 2018 from Trip Advisor, and after being able to thrive after the world struggled with Covid-19, they got an award as Traveller’s Choice in the consecutive years 2021-2022 by the same.

These recognitions inspire them to maintain their good image and brand in the business.

January 2023

Travel and tourism in the UAE is one of the most competitive sectors, especially during EXPO 2020, and currently booming again and has coped after the pandemic hit.

Her business is rising as a tourist from all over the world is coming for holidays and outbound destinations that keep lining up.

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SPECIAL STORY

YOUNG TURK USMAN JAMIL

DIRECTOR, SAMIAH INTERNATIONAL BUILDERS LIMITED

Mr. Usman Jamil, CEO and Mr. Margoob Tyagi from Samiah International Builders Ltd., are receiving the Trusted Developer of the Year North India award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

U

sman Jamil graduated from Harriet Watt University, Dubai Campus and then did a Master’s in International Business from Hult Business School Dubai campus. Usman Jamil is monitoring all overseas works and Works in India from the Dubai office and bringing Samiah International Builders Limited (SIBL) to the most credible platform Samiah International Builders Limited was established in 2003 in memory of the loving Daughter of Jamil Khan and the small sister of Usman Jamil. SIBL has its name as a specialised developer in Hills Township for luxury segments and affordable housing in northern India

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under motivation to provide a home to everybody scheme. SIBL has completed several Group Housing in Delhi, Noida, Hapur and townships in small cities of UP and Uttrakhand.

SIBL is promoting Housing solutions to retired Defence Officers with s Slogan SEWA UNKI JO DESH KI RAKSHA KARTE HAIN. SIBL is involved in the welfare of social work, especially with a contribution to the educational growth of poor girls.

A company was born in Kuwait in 1982, with the name Bharat Overseas Construction Limited and it was founded

by K. L. Arora (Ex. Professor I.I.T, Kanpur).

Jamil Khan joined the organisation in 1985 as a trainee civil engineer and he got total command of the Delhi territory in 1990.

In February 1994 with the concern and blessing of K.L. Arora (CMD, Bharat Overseas Construction Ltd), one project 192 SFS Housing, Mayur Vihar, Phase- III, Delhi, was given to Jamil A. Khan to start an independent carrier. Khan founded another company to take over the work, assets & liabilities of Bharat Overseas Construction Ltd. After passing 10 years, purposely for better management & control of works & coordination, an additional associate

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company was launched under the name of Samiah International Builders Limited (SIBL) and registered with the Registrar of Company, National Capital Territory of Delhi & Haryana.

SIBL is managed by young professionals, Engineers and Managers with varied experience in the field of civil construction & management. SIBL has been involved in the construction business for last many years. At present, SIBL is involved in the time-bound execution of residential flats for group housing societies at Noida, Greater Noida, Delhi, Haryana, Nainital, Rudrapur, Hapur and other parts

of U.P & Uttaranchal. Khan directly controls SIBL; he is a graduate civil engineer with more than 37 years of experience in housing construction. Jamil A. Khan is the founder & CMD of SIBL. He is qualified from Aligarh Muslim University with Civil engineering & P.G. Diploma in Architecture from Thomson University Melbourne Australia.

Usman Jamil is the son of Jamil A khan and is responsible for the company’s foray into numerous projects. Usman is techy friendly and brings new technology into the making of housing societies. He is responsible for driving all business strategy, development & communication with foreign countries of SIBL.

January 20232023 January

After passing 10 years, purposely for better management & control of works & coordination, an additional associate company was launched under the name of Samiah International Builders Limited (SIBL) and registered with the Registrar of Company, National Capital Territory of Delhi & Haryana.

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Mr. Martin Soon Foo Tam-Chairman and Ms. Linda Wong Jabbaz-Coo, Anika Sterilis Pvt. Ltd. are receiving Excellence Award in Healthcare Technology of the Year Award from Shri KC Tyagi, Secretary General Janta Dal (U) and former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Raja Sehar Ramaswamy, on behalf of Mr. A. Srinivasan, Chairman, DS Group is receiving Lifetime Achievement Awards from Shri KC Tyagi, Secretary General Janta Dal (U) and Former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Ab-dulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards, held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Prince Verma, CEO of Aura Nights is receiving the Best Bollywood Nights Organizer in Dubai Award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE

Mr. Santosh Mishra And Gufran Husain, founders of Sanfran Group are receiving the Best Affordable Housing Developer of the Year Award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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SPECIAL STORY

Mr. Sudhir Tiwary, Director of Tender Heart School is receiving the Best School of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Dipak Chakraborty and Mr. Pankaj Kumar, JKM Buildcon Pvt. Ltd. are receiving the Most Innovating and Promising Developer of the Year” award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Ashu Rana, Managing Director, Brand Spring Integrated Solution Pvt. Ltd., is receiving the Best Advertising & Marketing Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mo-hammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Hasan Naqvi from Anza Investment is receiving the Best International Investment Advisor of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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Ms. Harjyot Oberoi Bohra, Head Promotion & Magazine, Khaleej Times is receiving the Leadership Award in Media and Branding Industry from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Prateek Suri, International Businessman is receiving the International Business Icon of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Sudhir Chouhan, Head of Corporate and Relation, Broadcast Engineering Consultants India Limited (BECIL) is receiving the Best Mini Ratna PSU of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Officers from Bluechip Group of Companies are receiving the Best Forex Platform in MENA Region of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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SPECIAL STORY

Mr. Aman Maulvi, MD, InterGlobe Marine LLC is receiving the Best Logistic Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Radhey Shyam Jangid, MD, VK Exhibitions & Décor Industry LLC is receiving the Best Event Production Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Ob-server Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Usman Jamil, CEO and Mr. Margoob Tyagi, CLC of Samiah International Builders Ltd., are receiving the Trusted Developer of the Year North India” award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Rajesh Roonwal, Managing Partner, Meraki Infra Global and his Wife, Ms. Mamtha Kumari are receiving the Best Start-Up of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chair-man, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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Ms. Deepa Sharma, Senior Advocate is receiving the Best Women Legal Advisor of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Arun Kumar Soam, Managing Director, AKS Electricals and Electronics Limited is receiving the Best Women Legal Advisor of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chair-man, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Ms. Mohini Singh, MD, Infinity Beauty Salon, is receiving the Best Start-up of the Year (Beauty and Styling) award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private of-fice HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Chirag Bhalodiya, CEO and Mr. Deepak Mandhan from Tulsi Agro Engi Mech Pvt. Ltd., is receiv-ing the Best Agro-tech Machine manufacturer of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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SPECIAL STORY

Ms. Zenofar Fathima, CEO of Zen Film Productions is receiving the Best Director of the Year, UAE award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Ed-itor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during In-ternational Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Prahalad Rai Jangid, MD, ASP is receiving the Best International Event Company of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Moham-med Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE

Ms. Hemali, Shah, Founder of City One Tourism and Travel LLC is receiving the Best Tour and Travel Com-pany of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private of-fice HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Ob-server Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Divya Koshik, General Manager, Asia Kitchen

by Mainland China is receiving the Best Asian Restaurant of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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Mr. Vishhal, CEO of Truckers is receiving the Best Community Entertainer of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mo-hammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Ob-server Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during Interna-tional Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Ms. Prarthana Awasthi, Business Head for IDS Global Business Center is receiving the Best Office Service & Co-Working Space Brand of UAE award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. S L Soni And Mr. Sanjay Singh, Luxuria Hotel Management LLC are receiving the Best Hotel Management Company of the Year” award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State Uni-versity, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th Sep-tember 2022 at the hotel Atlantis the palm, Dubai, UAE.

Ms. Neelima Sharma, Director, Amazing Dreamz Company is Receiving the Best Import Export Trading Company of India award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and ViceChancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Ob-server Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE

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SPECIAL STORY

Mr. Pradhuman Singh, General Manager, Krisumi Corporation is receiving the Promising Leader of the Year ( in Real-Estate) award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Har-iom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Harsh Raj Dwivedi, Chairman, Shri Mangalam college of law & Management is receiving the Best Law Collage of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmet-wally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Na-hyan, Mr. Gajender Chauhan, Film Actor and ViceChancellor, Pandit Lakhmi Chand State Universi-ty, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Ab-dulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Dr. Bu Abdullah, Chairman of Bu Abdullah Group of Companies is receiving the Emirati Icon of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Mr. Vikrant Chhabra, Managing DirectorSona Papers is receiving the Best Luxury and Packaging Paper Distributor award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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Ms. Shruti Priya, Sikkim Skill University is receiving the Best Emerging University of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmet wally, CEO, private off ice HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Ob-server Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during Interna-tional Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Dr. Sundeep Kochar, Astrologer and Life Coach is receiving the Most Trusted Astrologer and Life Coach of the Year award from Shri KC Tyagi, former MP, His Excellency Ahmed Elmetwally, CEO, private office HH Sheikh Mohammed Bin Ahmed Bin Hamdan Bin Mohammed Al Nahyan, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group, Dr. Bu Abdulla, Chairman, Bu Abdulla Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Sitting right to left on Dias Shri KC Tyagi, former MP, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Bu Abdulla, Chairman, Bu Abdulla Group, Dr. Hariom Tyagi, Group Editor, Observer Dawn Media Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

Standing on Dias Shri KC Tyagi, former MP, Mr. Gajender Chauhan, Film Actor and Vice-Chancellor, Pandit Lakhmi Chand State University, Dr. Bu Abdulla, Chairman, Bu Abdulla Group, Dr. Hariom Tyagi, G roup Editor, O bser ver Dawn Media Group and more during International Business Summit and Awards held on 17th September 2022 at the hotel Atlantis the palm, Dubai, UAE.

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BUSINESS BUZZ

CREDAI Hyderabad

organise ‘Real Estate Investment Conclave 22

D

Hyderabad to continue as a preferred Real Estate Investment Destination with a positive outlook for the next ten years.

evelopers’ Associations of India (CREDAI) Hyderabad,

a self-regulating association of builders and developers in association with UPWISERY (Erstwhile StratCap Advisory), a boutique investment banking and financial services firm, hosted the first of its kind Real Estate (RE) focused investment summit in Hyderabad. The event's highlight was an insightful panel of eminent fund managers from marquee financial institutions moderated by Anuj Kapoor, Founder, and Partner, Upwisery discussing real estate investments and market potential in Hyderabad. The speakers included

Sharad Mittal, CEO, MotilalOswal

Sharad Mittal of MotilalOswalRE Fund stated,"Our fund has invested

in more than 15real estate projects in Hyderabad in the last five years.The city will continue to attract a significant share of ournew investments given the diverse economic base, world-class infrastructure, andcosmopolitanculture".Karthik of Sundaram Alternatessaid,"Our experience of investing in the city in the last few years has been fantastic as Hyderabad developers have successfully delivered projects on the committed returns and timelines".

V Rajashekar Reddy (General Secretary CREDAI,

Hyderabad)facilitated the conclave on behalf of CREDAI Hyderabad. He reaffirmed the association's efforts toenable all the stakeholders such as the Government, developers, regulatory institutions&investors to have a credible sense of realism at a time when the market is witnessing a bull run. Heappreciated the confidence of the investment community in Hyderabad Growth Story backed by good governance and proactive infrastructure development giving Hyderabad Real Estate a positive outlook

for the next ten years.

Alternates; KarthikAthreya, Director & Head Strategy (Alternative Credit), S u n d a r a m A l t e r n a t e s ; Va i b h a v Agarwal, Head of Credit & Risk Construction Finance, Tata Capital Housing Finance, and Parvesh Sharma, Country Head, Tishman Speyer Indi.

CREDAI Hyderabad represented by

P. Rama Krishna Rao, President, V. Rajashekar Reddy, General Secretary, attended the Hyderabad Real Estate Investment Conclave 2022 along with over 150 real estate developers and more than 20 global and domestic financial institutions&fund managers.

Talking about the macroeconomic environment,

Vaibhav Agarwal from Tata Capital Housing Finance said," Cost of capital and interest rates might continue to remain high in the near term, which may impact project costs,but the residential demand in Hyderabad will continue to remain robust.

Parvesh Sharma, Head of Tishman Speyer India,shared the perspective of

global developers and expressed," Hyderabad is witnessing good interest from MNCs and large occupiers of office space,and henceglobal developerslike us will continue to look for more development opportunities in the city."

Anuj Kapoor (Founder & Partner– Upwisery) said," In the

past few years, we have closed more than 50 sizeable, structured funding transactionsin Hyderabad across all asset classes of real estate. Hyderabad has all ingredients to emerge as a truly global city, and we expectstrong interest from institutional investors/ lendersin the city to continue for the foreseeable future."

P Ramakrishna Rao (President CREDAI Hyderabad) stated," This

to be the first of its kind RE focused investor summit to showcase Hyderabad as an investment destination and lauded UPWISERY's initiative to build brand Hyderabad". While thanking representatives from the marquee financial institutions such as Axis RE Fund, JM Financial, CapitaLand, Hero FinCorp, Aditya Birla, Kotak,and many more for their participation at the event, Abhijit Banerjee

(Co-founder & Partner - Upwisery)

expressed his firm's intent to continue working with global institutional investors and developer community to conceptualize a framework that incorporates international best practicesand financial structures thus enabling a robust ecosystemfor the developmentof Hyderabad as a global city by 2030.

January 2023

Prashanth Menon (Cofounder & Partner - Upwisery)

gave the closing remarks and stated that the investment summit was conceptualisedto get conversations going among the various stakeholders to make Hyderabad an investment magnet.

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THE RISE OF NEW CRICKET HORIZONS T he World Cricket Council (WCC), registered in Houston, Texas (USA), has a long-term ambition for cricket to make it the world's favourite sport.

The WCC will lead the continued drive towards more competitive, entertaining, and meaningful cricket for players and fans.

The WCC will grow the sport by creating more opportunities for more people and nations to enjoy it and increase the competitiveness of international cricket at all levels. The WCC will promote cricket by delivering exciting and engaging global events, attracting new and diverse fans, and building long-term successful commercial partnerships. And finally, we will continue to make considerable efforts to protect the integrity of the sport.

The WCC Strategy for Global Growth The World Cricket Council will unveil its global growth strategy, which places sportsmen's cricket firmly at the heart of its long-term ambitions. The system developed in partnership with WCC Members aims to strengthen, grow, and protect the game with the vision of more players, fans, and nations enjoying cricket.

The digital transformation of the sport will underpin the strategic pillars of strengthening, growing, and protecting to support cricket and connect directly with fans.

Strengthen To strengthen the sport and drive greater

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WCC PROPOSED EVENTS BCCI’s Net Worth is

WCC Cricket World Cup ODI WCC 20-20World Cup

USD 2 BILLION

WCC Women's World Cup

(Rs. 14680 Crores).

WCC U19 Cricket World Cup engagement from what already exists.

The WCC will deliver competitive cricket with context for all Members, invest in and grow women's cricket, build cricket among Associate Members and deepen fans' connection through digital transformation.

Grow The WCC will get more people playing and engaging with cricket through its entrylevel programme and enhanced education programmes for coaches, officials, and curators to grow the sport through more

people and more places. As key identified new markets will, female participation will be prioritised to drive targeted growth.

Protect Protecting the integrity of the sport and inspiring trust among fans is the third pillar of the strategic framework. Providing a safe environment for all participants and bringing to life the spirit of cricket will be a key area of focus, along with the continued commitment to leading the way in delivering a corruption-free sport.

SPORTS CRICKETS

Inspired the People to Make a Country Cricket Board BCCI’s Net Worth is UDS 2 billion (Rs. 14680 Crores). Indians love cricket more than any other sport. In India, cricket is a religion with the highest number of followers. The Board of Control for Cricket in India (BCCI) is the national governing body for cricket in India. Its headquarters are in Wankhede Stadium, Mumbai. The board was formed in December 1928 as a society under the Tamil Nadu Societies Registration Act. The WCC will inspire people to construct a cricket board in their own country. In India, it can forma name like the Indian cricket Control Board (ICCB) or, as it gets the title, which will be the governing body for cricket in India and is under the jurisdiction of the WCC. The board will be formed as a society/company registered under the country's government regulation. It is a consortium of state cricket associations/ members/companies, and the state associations/members/companies select their representatives, who will elect the National Board’s Chief. Board will have two International Cricket teams representing the Country in International Cricketing, the national men's and women's cricket teams.

The board organise matches and do the scheduling for both teams. Board also can run the India Cricket League,like the Indian premium league (IPL).

At a How Does the Indian Cricket Board Make Money?

This will lead us to the most crucial question, how does the Indian Cricket Board make money? The Indian Cricket Board has multiple sources through which it builds up its treasury. They are as follows.

Glance India Cricket business Indian Cricket has made a fortune out of the gentleman's game. So, today, let's dive deep into cricket finance and understand how the Indian Cricket Board makes money. Apart from the everyday shock we receive from our uninvited guest’s covid-19, something else will leave us mind-blown: cricket.

Cricket is the one thing that every Indian worships and idolises, irrespective of the differences. If you think otherwise, you might want to ask the millions and millions of fans to explain it better. In India, cricket is controlled by a centralised body under the ministry of youth affairs and sports, BCCI (Board of Control for Cricket in India).

The Indian, Australian and England cricket boards (called the big three) dominate the International Cricket Council. And these three have their monopoly in International Cricket.

Media rights Indian fans don't mind ditching a night out to watch their favourite sport. And that

happens to be the gauntlet that the Indian Cricket Board holds. The enormous fan base, all set with their popcorn every time the men in blue turn up to bat, gives Indian Cricket Board the negotiating power. Don't believe it? Then the numbers might help.

Approximately 1.6 billion viewers saw the 2019 Indian Men's world cup. If you use your calculators, you will notice that this is more than 50 times the views any of your favourite Netflix shows would have. In 2008, Sony Networks and the World sports network worked out a deal worth 8200 crores rupees, gaining the viewership rights of the Premier League alone. Fast forward to 2021, the Indian Cricket Board sold the exclusive telecast rights of the Premier League to the sports channel for a whopping 2.55 billion dollars, striking a five-year deal (2018 – 2022).

Title sponsorship Companies love such a big audience. And they will try everything to make use of it.

Title sponsor is one place companies can increase their brand awareness by getting more screen space in logo, advertisement space, etc.

Companies fight for this place. But don't worry, we have a resounding winner. PayTM owned by One97 Communications, will be the title sponsor of the Indian team for the next four years. You might be wondering

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Indian Premier League (IPL) how much it costs the company. Well, the company paid about 203.28 crores to close the deal. The deal applies to all domestic and international cricketing until 2023. In other words, they will be paying around 3.8 crores for every match played by the Cricket Board. That is many numbers, for sure! Sources claim that the amount bid

by PayTM was more than half the one it received earlier.

Series with other Nations The ICC conducts several international cricketing tours. And the revenue they make from the same is enormous. Earlier, the countries had an equal distribution of revenue. But later, under the new plan, the big three, which includes the Indian Cricket Board, take a significant portion of the income. This might trigger the question, how is that even possible? All thanks to the massive viewership. Indian cricket fans make up 75% of any international cricket game's viewership, mainly when team India appears. For instance, during the 19–20 cricket series alone, the Indian Cricket Board bagged about 950 crores. No wonder Indian Cricket Board is the richest one in the cricketing society.

Kit sponsors Earlier Nike was its kit sponsor paying the Indian Cricket Board around 12.13 million dollars annually. But soon, the brand ended the contract making the Indian Cricket Board search for possible sources.

Fortunately, MPL took its spot to be India's official kit sponsor. They also joined hands with several other brands like Hyundai and Ambuja Cement as sponsors. So to the long list of numbers, add another 270 crores, which the Indian Cricket Board makes from these other sponsors.

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Add a lot of money, glamour and aggression to cricket, and you'll arrive at the moneyminting cricket entertainment that is IPL! The IPL is a recipe for many components, from tickets to media rights. The total earnings are shared among the franchise, and the Indian Cricket Board never fails to take a share. While giving a 50% to the franchises, the Indian Cricket Board keeps the rest. It does not end there. The franchises will then have to provide the Indian Cricket Board with about 20% of their total revenue at the end of the series. So, you could say, effectively, the Indian Cricket Board pockets 60% of the central pool of revenue. Everyone will want to take centre stage with more than 400 billion views (viewing minutes) in the IPL. And Star India owns the broadcast rights.

Apart from this, the Title sponsors pay above 2,100 crores to claim a spot. Ads also form a significant share of the revenue derived via IPL. Anyone who wants to display their ad between the matches will pay 12.5 lakhs per second. That's huge.

At a Glance the

Projected Revenues  The major source of income of BCCI is through sponsorship and broadcasting rights.  The global media rights for IPL are awarded to Star India for INR 16,300 Crores for 2018 to 2023.  PayTm was awarded title sponsorship rights for International and Domestic matches for Rs. 326 Crores from 2019 to 2023. PayTm will pay INR 3.80 Crores per match to BCCI.  Official Kit sponsorship rights are awarded to Nike for INR 370 Crores from 2016 to 2020.  BYJU is the official Indian Cricket Team sponsor for INR 1,079 Crores.  Hyundai Motors Company, Dream 11 and Ambuja Cement are the official sponsors from 2019 to 2023. Together the three

companies will contribute Rs. 2.59 Crore per match to BCCI.  The Indian Cricket Control Board is making approximately 4000 crores without ticketing revenues. For context, that's about 1.5x times India's current budgetary allocation to Sports!

And now you know why IPL is indeed a cash cow for the Indian Cricket Board.  The Big challenge for wcc is to break aura of ICC question is that WCC could emerge parallel ICC and make same reputation it’s like ICC. These all are in the womb of future.

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