Archive: September 13, 2022

Business

15.2 mn sq ft operational mall stock in Bengaluru; third largest across top eight cities Knight Frank India

Sep 13, 2022 by Rekha Nair 0 Comments

Bengaluru, 13th September 2022: Knight Frank India, a renowned international property consultant, in its latest report ‘Think India, Think Retail 2022’ cited Bengaluru recorded 15.2 mn sq ft of gross leasable area as of H1 2022; 16.5% of the total mall stock across top eight cities in India. Gross leasable area across 271 operational malls in top 8 cities in India stood at 92.9 mn sq ft as of H1 2022. A significant growth from 77.4 mn sq ft of gross leasable area until Dec 2019 registered across 255 malls in India.

Grade-wise mall stock distribution in Bengaluru, Grade B malls comprised a maximum share of 50% of the total mall stock in the city with 7.6 mn sq ft as of H1 2022. Grade A and C malls comprises a share of 42% (6.38 mn sq ft) and 8% (1.21 mn sq ft) of the total mall stock respectively.

As per the grade-wise mall stock distribution in top eight cities in India: Grade A malls contributed 39% of the total stock with 36 mn sq ft in H1 2022. High occupancy, strong tenant mix, good positioning and active mall management being the key driving factors. Grade B mall stock, with decent occupancy and tenant mix, contributed 31% with 29.1 mn sq ft. Grade C malls contributed the lowest 30% (nearly 27.8 mn sq ft) during the same period. High vacancy rates, poor tenant mix, and relatively poor mall management impacted the contribution by Grade C malls. Of the total number of 271 operational malls in India, Grade A comprised of 52 malls accounting to 19%. Grade B and C comprised of 35% (94 malls) and 46% (125 malls) respectively.

GROSS LEASABLE AREA & GRADE WISE DETAILS OF THE 271 MALLS ACROSS TOP 8 CITIES IN INDIA

 

City Gross Leasable Area Grade wise % share of malls*
    GRADE A

(>500,000 sq ft)

 GRADE B

(500,000 – 100,000 sq ft)

 GRADE C                        (<100,000 sq ft)

 
All India 92.9 mn sq ft 39% 31% 30%
NCR 31.7 mn sq ft 36 % 21 % 43 %
Mumbai 16.1 mn sq ft 43 % 22 % 35 %
Bengaluru 15.2 mn sq ft 42 % 50 % 8 %
Chennai 7.5 mn sq ft 39 % 36 % 25 %
Hyderabad 7.2 mn sq ft 52 % 21 % 27 %
Pune 7.1 mn sq ft 19 % 53 % 28 %
Kolkata 5.6 mn sq ft 45 % 48 % 7 %
Ahmedabad 2.5 mn sq ft 30 % 28 % 42 %

Note: *By Gross Leasable Area at the end of H1 2022

Source: Knight Frank Research

Sharing an overview on the ‘Mall Culture’ in India, Shishir Baijal, Chairman & Managing Director at Knight Frank India said, “The retail real estate sector has reached a new level of maturity where smaller sized and lower grade developments are giving way to Grade A malls. The existing Grade A malls have over 95% occupancy which is indicative of the demand for quality real estate in this segment. Given that retail malls are experiential, more of the future developments will want to create destinations. Therefore, scale and quality of development would require developers to specialise in shopping centre development and operations. Like the office segment, post consolidation, retail real estate too will offer great opportunity for investments including REITs in the future.”

Outlook on Organized Retail Sales Volume and Consumption in Shopping Malls in India

As per the report, between FY 2017-2022, sales volume in organised retail sector grew at a CAGR of 24% reaching USD 52bn in FY 2022 across top 8 cities in India. Furthermore, in the six years period between FY 2022 – 2028 organised retail sales volume is projected to grow at a CAGR of 17% reaching USD 136 bn in FY 2028.

Between FY 2017 – 2022, consumption in shopping malls across top 8 cities in India grew at a CAGR of 3% and stood at USD 8 bn in FY 2022.In FY 2023, the potential consumption is estimated to cross the pre COVID-19 levels reaching USD 11 bn. In the long term, the potential consumption in Indian malls is forecasted to grow at a CAGR of 29% in between FY 2022 – 2028 and is estimated to be at USD 39 bn in FY 2028.

                       FORECAST OF ORGANIZED RETAIL SALES (USD BN)                                   FORECAST OF POTENTIAL CONSUMPTION IN

                                         MALLS ACROSS TOP 8 MARKETS (USD BN)*

15.2 mn sq ft operational mall stock in Bengaluru
Source: Knight Frank Research

Note: FY 2023P, FY 2028P denotes the projected size by FY 2023, FY 2028

News

Affordplan expands its footprint to Hyderabad – Telangana and Vijayawada – Andhra Pradesh, partners with prestigious Kamineni Hospitals

Sep 13, 2022 by Rabindra 0 Comments

Affordplan expands its footprint to Hyderabad – Telangana and Vijayawada - Andhra Pradesh, partners with prestigious Kamineni HospitalsHyderabad, 13th September 2022: Affordplan strengthens its presence in Hyderabad – Telangana and Vijayawada – Andhra Pradesh through a partnership with the prestigious Kamineni Hospitals. Through Affordplan Swasth, Hyderabad residents will have complete access to all the treatments and services at Kamineni Hospitals – LB Nagar, King Koti, & Vijayawada units and a full range of healthcare financing options for their entire family.

Since its inception, Affordplan has served 5,00,000 families across 25 cities. Their partnership with Kamineni Hospitals strengthens the ambitious commitment to provide healthier financial flexibility and alternatives to India.

Speaking on the collaboration Dr. Gayatri Kamineni, COO at Kamineni Hospitals said, “Affordability has always been at the forefront for Kamineni Hospitals. Healthcare shouldn’t need to be expensive and delivering affordable corporate health care for all has been a priority from the beginning. Our collaboration with ‘AffordPlan’ will increase our patients’ fidelity toward Kamineni Hospitals. Thanks to the affordability and flexibility of finances that the AffordPlan model offers, medical care will become increasingly affordable for Indian households. This will encourage them to get quality healthcare for themselves and their family members. We are very hopeful that this partnership will contribute significantly to Kamineni Hospitals’ commitment to patient satisfaction.”

Affordplan Swasth is a prepaid digital wallet that enables payments at OPD (Outpatient Department) services, lab tests, purchase of medicines, and goal-based EMI savings for all IPD (Inpatient Department) treatments. Equipped with a full stack of financial solutions, customers also enjoy additional benefits in the form of instant savings on their bills, exclusive hospital offers, and discounts on preferred brands through the Affordplan Swasth partner tie-ups.

Aditya Sharma, the CEO of AffordPlan said, “It is a defining moment for us as we join hands with Kamineni Hospitals. As one of the most respected caregivers in the region, not only will this partnership change the healthcare landscape for the community but also make healthcare truly inclusive and accessible. That is a vision shared by both.”

Health

Incessant rainfall. Beware of communicable diseases!

Sep 13, 2022 by Rabindra 0 Comments

Incessant rainfall. Beware of communicable diseases!Waterborne diseases are illnesses caused by microscopic organisms like viruses and bacteria that are ingested through contaminated water or by coming in contact with feces. Polluted or dirty water is very harmful to health. It causes many serious health problems if not treated at an early stage because of the presence of different harmful bacteria and germs. These diseases can be cured with proper medications and treatment.

What are the risk factors?

Waterborne diseases have been an environmental concern and a major public health issue across the globe. It can lead to food poisoning. Some of the waterborne diseases include diarrhea and meningitis. Unclean water can cause skin and infectious eye disease.

Signs and symptoms to watch out for

Abdomen Pain, loose stools, poor appetite, and anemia, are some of the common signs caused by waterborne diseases. The most common and major symptoms of waterborne disease are acute gastroenteritis, dysentery, diarrhea, vomiting, nausea, stomach cramps, skin and ENT relates problems, and cough.

Awareness & health recommendations

Awareness of personal hygiene and cleanliness is the key to avoiding waterborne diseases. Awareness of drinking clean and filtered water, improving the quality of drinking water by using purifiers, ensure germ-free stored water are all the most preferred precautions to be taken. We are washing hands and feet after returning home, ensuring clean surroundings and ensuring no water clogging around homes, which can become breeding grounds for mosquitoes, and ensuring hygienic sanitation will be basic precautions. Drinking boiling water will be always safe.

Prevention is better than cure. How to stay protected

Staying hygienic and healthy to avoid waterborne disease is a challenge. Especially during monsoons and in the current scenario where the city is being flooded with contaminated water, there could be water logging in and around our residential areas. We need to ensure we stay at home and not explore outside. This could lead to many diseases like Malaria, dysentery, skin diseases, allergy, ENT related issues due to air and water pollution and breeding home for mosquitoes and insects which could cause and spread disease.

Business

Indian Chamber of Commerce hosted Business Conference to build Business Collaborations with Central Vietnam

Sep 13, 2022 by Rabindra 0 Comments

Indian Chamber of Commerce hosted Business Conference to build Business Collaborations with Central VietnamNew Delhi, September 13th, 2022: Indian Chamber of Commerce (ICC) jointly with the Consulate General of India in Ho Chi Minh City, the Ministry of External Affairs in Vietnam hosted a Business Conference on the occasion of the visit of a delegation from Khanh Hoa province of Central Vietnam to India. The Conference was held today from 10.00 am to 1.00 pm at Shangri-La Eros, Janpath, New Delhi

The conference was aimed at fostering the participation of and dialogue between various stakeholders including governments to look out for business opportunities between the two nations.

Present at the event were H.E. Mr. Le Huu Hoang, Standing Vice Chairman, Khanh Hoa People’s Committee, Mr. Vishwas Vidu Sapkal, Joint Secretary (South), Ministry of External Affairs, Government of India, Mr. C Rajsekhar (OSD States), Ministry of External Affairs, Government of India, H.E. Dr.Do Thanh  Hai, Minister Counselor- Deputy Chief Of Mission, Ministry of Foreign Affairs, Government of Vietnam, Mr. Dheeraj Puri, Chairman, Northern Region Committee, Indian Chamber of Commerce (ICC), Mr. Debmalya Banerjee, Regional Director of Indian Chamber of Commerce (ICC), Mr. Nichollas Hides, CEO, and Founder- Blue Gum Capital, Mr. Rajat Chatterjee, Director Indusind Bank, and Mr. Le DucTien, Chairman, Khanh Hoa Sanest Soft Drink Joint Stock Company.

As he welcomed everyone to the conference, Mr. Dheeraj Puri, Chairman, Northern Region Committee, Indian Chamber of Commerce (ICC) said, “It is my pleasure to have such visionaries here with us under one roof. India has always deemed its relationship with Vietnam is a prized one and today we all are gathered here to strengthen the ties by following the commerce route.”

H.E. Mr. Le Huu Hoang, Standing Vice Chairman, Khanh Hoa People’s Committee said, “It is an exciting Idea to be able to collaborate with India in various commercial transactions. We look forward to understanding and exploring Indian counterparts to augment and propel FDI in Vietnam.”

Mr. C Rajsekhar (OSD States), Ministry of External Affairs, Government of India stated, “I congratulate Indian Chamber of Commerce to initiate this conference showing how keen we are and to foster ties with Vietnam and seize the opportunity to show how much we appreciate accomplishments of the country during war times and even now.”

Mr. Debmalya Banerjee, Regional Director of the Indian Chamber of Commerce (ICC) shared his views, “India’s friendly relations with Vietnam go back to the pre-independence era and we have stood by each other during trying times. The two countries are celebrating the 50th year of Diplomatic Relations and even at Virtual Summit 2020, leaders of both nations came together and shared a joint vision for peace and prosperity of its people. Working on Bilateral Economy is going to prove as a pillar for future partnerships that India and Vietnam will have; accordingly, the campaign will provide efficient supply chains and facilitate long-term investments to boost each other’s economy, encourage e-commerce, promote joint ventures, facilitate business travels between two countries, transfer of technology, holistic healthcare, and sustainable agriculture.”

Mr. Rajat Chatterjee, Director of IndusInd Bank enlightened the present audience about ‘Strengthening India-Vietnam Bilateral Economies…through our banking networks“

Remarkable progress is expected in the tourism and medical tourism sectors with 4-hour direct flights from Delhi/ Kolkata to major cities in Vietnam. Moreover, the exchange of traditional medicines between India and Vietnam will be an area for quantum growth. The event was followed by Business Networking and an exhibition of medicinal products from Vietnam.

 

Health

IIM Kashipur conducted Blood Donation Camp

Sep 13, 2022 by Rabindra 0 Comments

Blood Donation Drive at IIM Kashipur

Kashipur, Uttarakhand, September 13th, 2021: Indian Institute of Management Kashipur conducted a blood donation drive on 10th September at the campus through Parivartan Cell, the Corporate Social Responsibility (C.S.R.) body. The drive was conducted at the college premises in collaboration with Bharat Vikas Parishad and Govt. Blood Bank L.D. Bhatt Hospital. The event was inaugurated by Prof. Vaibhav Bhamoriya, Assistant Dean of Development, and Prof Abhishek Srivastava at IIM Kashipur.

The drive witnessed a footfall of 66 students, faculty, and staff members. The participants were also provided pre-medical check-ups prior to their donation. Volunteers helped the people and provided their moral support throughout the blood donation. Donors also availed of various amenities post-donation. This drive helped students in creating awareness about their social responsibilities. The drive was conducted in line with the Covid-specific protocols so as to ensure the well-being of all the participants.

The entire fraternity of IIM Kashipur is thankful to all the attendees of the event and encourages everyone to contribute to a noble cause. The event was a great success due to the collective effort from Students, Faculty, Staff, Academic Associates, and Parivartan Cell for safe and hassle-free arrangements.

Education

Twin brothers topped in Bhubaneswar in JEE Advanced 2022

Sep 13, 2022 by Rabindra 0 Comments

Twin brothers topped in Bhubaneswar in JEE Advanced 2022Bhubaneswar: FIITJEE students across the nation dominate every range of All India Ranks of JEE Advanced 2022 with 19 in the Top 50 and 34 in the Top 100 All India Ranks in Common Merit List from Classroom Program. Students of FIITJEE Bhubaneswar and Cuttack have performed exceptionally well in JEE Adv. 2022. A total of  64 students have qualified for Common Merit List from Classroom Program. Out of those 23 are in the top 5000 ranks

The top students from FIITJEE Bhubaneswar & Cuttack Centre in JEE Advanced 2022 from the open category with their All India Rankings are:

  1. DEEVYANSHU MALU (AIR-11, Two Year Classroom Program)
  2. DEEPTANSHU MALU (AIR- 228, Two Year Classroom Program)
  3. K MOHAN (AIR- 259, Two Year Integrated Program)
  4. MOHANDEEP PARIDA (AIR- 291, Two Year Classroom Program)
  5. SARTHAK PANDA (AIR- 888, Two Year Integrated Program)
  6. AMBARISH PRADHAN (AIR- 1070, Two Year Integrated Program)
  7. DEETOSH KUILA (AIR- 1097, Two Year Integrated Program)

Deevyanshu Malu said, “I am grateful to my teachers in FIITJEE who taught me and enabled me to qualify for various competitive exams. I was studying at FIITJEE Bhubaneswar center for the last seven years. I joined the in Little Genie program while I was in std 6th, the Uday Two year program, and the final for the four-year classroom program while I was in std IX. Study materials provided by FIITJEE are of superior quality. The test series & Grand Master Package helped a lot in refining my problem-solving skills. The grooming done at FIITJEE helped me to qualify for KVPY with an AIR of 5, JEE main with AIR 139, and JEE Advanced with AIR 11. I   qualified Indian National Chemistry Olympiads (INChO) and attend Orientation Cum Selection Camp (OCSC). I also begged Gold Medal in International Physics Olympiad. I owe my success to my teachers, my parents, and my twin brother”.

Congratulations the successful students, Mr. Ranajoy Bardhan Centre Head FIITJEE Bhubaneswar said “Preparing students in a fundamental way from initial principles with a focus on an in-depth understanding of concepts and development of analytical abilities have yet again paid off for our students. At FIITJEE, our aim is to train serious aspiring students in such a way that they are ready to scale JEE successfully. FIITJEE’s early edge programs are designed for students to start early in their preparation for JEE and help them adapt to the quantum jump in level of difficulty and secure a Top Rank in JEE. We congratulate all our successful students as well as our teachers for their hard effort to make it possible.” 

Business

Sanjay Khanna appointed as CEO American Express Banking Corp., India…

Sep 13, 2022 by Rekha Nair 0 Comments

New Delhi, September 2022: American Express Banking Corp., (AEBC) today announced the appointment of Sanjay Khanna as the Chief Executive Officer (CEO) and Country Manager, AEBC Corp., India. Sanjay heads the Country Executive Team and is responsible for driving growth across the organization’s consumer and commercial businesses. In his new role, Sanjay will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company’s strategic focus in India.

Speaking on the appointment, Rob McClean, Executive Vice President, International Card Services, American Express stated, “I am pleased to welcome Sanjay to this new role. With over 30 years of experience in the industry, Sanjay has exceptional credentials of delivering strong results coupled with a natural knack for leading from the front. We are confident that his commitment to excel in everything he does, his strong values and work ethics will further the brand’s leadership in the Indian market.” 

Detailing his appointment, Sanjay Khanna, said, “India is undoubtedly one of the fastest growing economies of the world, characterized by its ever-expanding consumer base, evolving lifestyle and spending needs. As a premium payment solution brand, American Express has a definitive competitive edge in providing high-quality service. My role will be to further enhance the quality and service culture through premium products, service, and solutions to meet the ever-growing needs of the affluent population in India. I am extremely happy to take on this new role with American Express – one of the world’s most trusted and respected service brand.” 

In his previous roles Sanjay has held many leadership positions in the company including Head of Global Financial Operations, India Center Lead for Finance and Chairman of the American Express India Pvt Limited (AEIPL) Legal Entity Board. He has also led large-scale enterprise projects, multiple business transformation initiatives and established a number of centers of excellence.

Education

Big Push For Digital Infrastructure In 45,000 Government Schools In Andhra Pradesh By March 2023

Sep 13, 2022 by Rabindra 0 Comments

Amaravati, Andhra Pradesh, 12 September,2022: In a massive push to establish digital infrastructure in all government schools, the Education department discussed the plan of action and requirement details with the Chief Minister YS Jagan Mohan Reddy at a review meeting held at the camp office. The officials briefed that there will be 2 types of options that are being explored, Smart TVs and Interactive flat panel display. The officials said 72,481 devices are required, covering 45,328 government schools in total. The project will be taken up under phases wise. The total cost of the project will be around Rs. 510 Cr which will be spent by the Government. The Chief Minister ordered for a thorough check on audits conducted on the facilities provided in schools. He said that the efforts we put across to every school should be maintained and for that the audits should be followed and reported every month. The complaint/Toll free number 14417 should be well displayed in every school and ensure that the tickets raised should be attended to and immediate works and repairs should be carried out wherever necessary. Secretariat officials will participate in the management of schools. There will be weekly visit of schools by Welfare and Education Assistant, Women Police, along with ANM visit once a month. The CM further directed the officials one Mandal-Level Education Officer (MEOs) should be assigned to inspect and thorough monitoring of school management. The CM reiterated that the aspects of sanitation and quality drinking water in all schools should be brought under the purview of the village clinic. “Ensure regular reports are being submitted at the village clinic and appropriate action be followed. This should be taken under highest priority. With a thorough check on sanitation, we can prevent most of the diseases caused by poor quality of water” CM said. Amaravati, Andhra Pradesh, 13 September 2022: In a massive push to establish digital infrastructure in all government schools, the Education department discussed the plan of action and requirement details with Chief Minister YS Jagan Mohan Reddy at a review meeting held at the camp office. The officials briefed that there will be 2 types of options that are being explored, Smart TVs and Interactive flat panel displays. The officials said 72,481 devices are required, covering 45,328 government schools in total.  The project will be taken up in phases wise. The total cost of the project will be around Rs. 510 Cr which will be spent by the Government.

The Chief Minister ordered for a thorough check on audits conducted on the facilities provided in schools. He said that the efforts we put across to every school should be maintained and for that the audits should be followed and reported every month. The complaint/Toll-free number 14417 should be well displayed in every school and ensure that the tickets raised should be attended to and immediate works and repairs should be carried out wherever necessary.

Secretariat officials will participate in the management of schools. There will be weekly visits to schools by the Welfare and Education Assistant, and Women Police, along with an ANM visits once a month. The CM further directed the officials that one Mandal-Level Education Officer (MEOs) should be assigned to inspect and thorough monitoring of school management.

The CM reiterated that the aspects of sanitation and quality drinking water in all schools should be brought under the purview of the village clinic. “Ensure regular reports are being submitted at the village clinic and appropriate action be followed. This should be taken under the highest priority. With a thorough check on sanitation, we can prevent most of the diseases caused by the poor quality of water” CM said.

Health

Body fillers: an emerging trend for breast and buttock enhancement

Sep 13, 2022 by Rekha Nair 0 Comments

– Dr. Parag Telang, a Board Certified Plastic and Reconstructive Surgeon, practising in UAE and India

In aesthetic surgery, breast augmentation is a frequently requested technique. Various methods of enhancing the breasts have been described over time, including implants, fat grafting, flap surgery, and injectable fillers. These methods use both alloplastic materials and autologous tissues. Injectable fillers have gained more popularity and use in aesthetic medicine throughout time, according to the current global trend of performing a minimally invasive operation. Hyaluronic acid is most certainly the most widely used synthetic filler in the world out of all the products that are now on the market.

Plastic surgeons perform filler injection for the purpose of achieving the desired breast volume or correcting any potential asymmetries. Breast augmentation is a frequently requested surgery. Several methods of breast augmentation have been described including implants, fat grafting, flap surgery, and fillers. The use of fillers is growing in popularity in cosmetic surgery to carry out minimally invasive operations, according to the current trend. The usage of hyaluronic acid, polyalkylimide gel, polyacrylamide gel, and polymethyl methacrylate fillers has increased over time.

Women and surgeons can choose and achieve the desired breast size for breast augmentation with the use of injectable fillers. With local anaesthesia as a guide, this treatment is carried out with no hospitalisation and a shorter recovery period. In the past, hyaluronic acid was investigated as a collagen substitute due to its prolonged action time. Since there is no surgery involved, there is less tissue exposure and trauma, which reduces the chance of infection and speeds up the patient’s return to normal activities.

A buttock augmentation procedure is intended to enhance the buttocks’ size, shape, and contour. Fat grafting, buttock implants, or occasionally a combination of the two are used in this procedure. Following surgery, buttock implant devices are inserted deeply into the buttock tissues. By using fat grafting, buttock enlargement involves transferring fat from one part of the body into the tissues of the buttocks.

Over time, there has been a discernible rise in the popularity of body operations. People can now more easily achieve the body they want without having to worry about downtime or other consequences thanks to advancements in non-surgical body treatments. Men and women are becoming more and more in need of minimally invasive body operations since they don’t want to be limited by their anxieties.

A natural substance like hyaluronic acid, which is also injected into the face, can be utilised in greater amounts during non-surgical buttock filler injection to enlarge or improve the form of the buttocks. The treated area may enlarge for three to four days following the surgery. Within the first few days, the majority of patients will have mild bruising or swelling, and some of their areas may feel a little lumpy or firm. Any unevenness may be lessened by gently messaging in these regions. Within a week of the treatment, patients can resume their jobs, but they must avoid extended sitting for the first two weeks to prevent the product from shifting. Additionally, you must get some sleep.

If you have already had hydrogel-containing buttock injections, you might be wondering if you can get rid of these materials. However, doing so could leave you with scars and unintentionally spread the materials. Your risk of experiencing negative consequences could rapidly grow. It’s advisable to visit a doctor to learn more about the effects of the injections and your options moving ahead. You will need some recuperation time, whether you have a fat transfer to your buttocks or butt implants for a butt lift. In comparison to butt implants, a butt lift requires substantially less recovery time. For at least three weeks after getting butt implants, you must avoid sitting on your bum while it recovers. However, after having buttocks fat transferred, you could find it uncomfortable to sit upright for a week or so.

Business

Taiwan Excellence brings a repertoire of cool, stylish, and smart gaming gadgets to enhance gaming experiences like never before

Sep 13, 2022 by Rabindra 0 Comments

Taiwan Excellence brings a repertoire of cool, stylish, and smart gaming gadgets to enhance gaming experiences like never beforeMumbai, 13 September 2022 – Gaming is no more simply about plugging in a controller to play, it’s about plugging into an entirely new realm, captivating youngsters like never before! During the pandemic, the esports industry has undergone a paradigm shift in terms of demographic engagement, appealing a lot more to younger cohorts like Gen Z.

Catering to such gamers who look at gaming as a way of self-expression is Taiwan Excellence (TE) which has been offering uber cool, high-end, and some of the most powerful gaming gadgets to enhance the experiences of gamers across the world. To date, TEGC has witnessed huge success from across India with the participation increasing from 500 gamers in its inception year to about 20,000+ gamers in its 8th edition last year depicting a growth of 4000 times.

On September 10, the stage was set at Mumbai’s Infinity Mall to kickstart the grand Taiwan Excellence Gaming Cup (TEGC) campaign in India, the first on-ground event after the pandemic. The campaign holds at its core a three-fold gaming extravaganza that includes the announcement of the 9th edition of the TEGC, the launch of TE Experience Truck, and the TE Verse ─ World of Excellence.

For years now, TEGC has been giving India’s passionate gamers the chance to experience great gaming, win big money and fulfill their dreams. This year, the Qualifiers for the games will be held online for Pan India from September 26 to November 13 while the Grand Finale will be held on-ground in Mumbai at the end of November.

The TE Experience Truck is a customized mobile showroom that aims to offer visitors a chance to experience some stylish, smart, and extremely intelligent technology in ICT and gaming. It will visit major events across cities including college festivals, food festivals, regional festivals, gaming events, and malls to let people catch a glimpse and first-hand experience the superb tech. It will cruise from September 10 to November 12 at prime locations across India.

Another major highlight is a customized TE Verse ─ World of Excellence that takes visitors on a virtual tour to experience a wide range of the latest products offered by brands under TE. There will also be a dedicated VR setup for the TE Verse at the TE Experience truck for the audience to experience the virtual tour.

This year, leading brands like AIFA, AORUS, CoolerMaster, CyberPower, D-Link, Ipevo, MSI, Optoma, Predator, Republic Of Gamers, Thermaltake, Tokyo, XPG, Zowie, and Zyxel will be showcasing their products.

The TEGC campaign comes to India at an opportune time when virtual gaming is no longer just a prerogative of young urbanites. The interest in esports is expanding beyond the metros to cover Tier 2 and Tier 3 cities.

Speaking about this year’s edition of TEGC, Director Edison Po-yi Hsu, Taipei World Trade Center (TWTC) Liaison Office in Mumbai, said, “We have had an amazing journey in India. The passion and excitement in gamers are unmatchable. esports has become an aspiration for Indian youth today. TEGC already has a huge fan base in India and we are sure our other two offerings, the TE Experience Truck and TE Verse – World of Excellence which is extremely special creations will win hearts too. With this year’s gaming cup, we look forward to breaking all our previous records of participation.”