Archive: December 6, 2022

Waaree Energies Emerges As The Largest Solar Module Supplier In India

Mumbai, 6th December 2022: Waaree Energies has emerged as the leading supplier of solar modules as per a report by JMK. Out of the 1.28 GW of shipment data received from 14 leading suppliers for Q3 of 2022, the company holds a lion’s share of 17% of the total shipment. Nearly 85% of the modules shipped were premium quality Mono PERC modules.

Waaree Energies has supplied over 5GW of solar modules globally. The company already has a capacity of 9 GW of module manufacturing with two state-of-the-art factories in Vapi and Surat. Waaree aims to further expand its module manufacturing capacity in the coming years while also integrating 5.4 GW of solar cells manufacturing by Q3 2023.

With increasing eco-consciousness among the masses, India is already progressing towards becoming a solar-reliant country with its supply and manufacturing of high-quality solar modules. With adequate Government support and policies in place, subsequently, the domestic manufacturers will be equipped enough to handle end-to-end manufacturing of high-efficiency modules and initiate backward integration of raw materials.

Avanta to Expand Presence in India, Plans to Add 50k Sq Ft Premium Space in Next 6 Months

Delhi: Delhi NCR’s leading co-working company Avanta India is on an expansion spree. The company is set to add 50, 000 Sq Ft of new premium co-working space, aiming its total space to 200,000 Sq Ft. The company will start its expansion drive with the new area of 10,000 Sq Ft at Nehru Place, translating into 150 new seats.

The expansion at Nehru Place will be completed by Dec 2022. This will be followed by capacity building in other centers.

Presently Avanta has co-working properties at Nehru Palace, Connaught Place, KG Marg, and Saket in New Delhi. Besides, it operates a space at sec-30 Gurgaon. All its centers are operating on full occupancy, which has led Avanta to aggressively add new seats.

“In the new normal Avanta is spearheading the co-working revolution in the national capital. Our USP lies in offering world-class flexible office spaces at prime locations in Delhi-NCR. Our client base is vast, which includes large MNCs, financial institutions, technology service providers alongside start-ups, and smaller businesses.” Quoted Mr. Nakul Mathur, MD, Avanta India.

The newly added seats will be unbranded spaces with top-notch facilities. Avanta takes special attention to creating ergonomically efficient layouts and spaces that can boost overall productivity and foster an overall conducive environment. Its centers are known for modern facilities, tastefully designed interiors, and plenty of recreational zones that are in sync with evolving employee preferences.

Once believed to be a peripheral element in the office leasing landscape in India, co-working and shared spaces are now gradually moving toward the core. Going forward 20% of the overall leasing will comprise of the co-working segment. Interestingly not just start-ups but larger organizations are also opting for co-working spaces.

There are many inherent benefits associated with co-working spaces. One can lease as per use. In co-working, occupiers do not need to lease out an entire space in the beginning. Rather one can opt for seats as per use and if needed can expand in the future by leasing out more seats, as these are based on pay-per-seat model. This is a more approachable strategy as it contains the cost and offers flexibility to occupiers to scale-up fast.

In a time, when markets are recovering, companies are focused on their core business and avoid cost overruns. This makes co-working a natural choice to bet on.

“From an individual growth perspective as well, working in a shared space has numerous tangible benefits. It nurtures meaningful interaction and collaboration between employees,cutting across organizations and industry verticals. This in turn can help in more holistic growth and better thinking.” Added Mr. Mathur.

Kenneth Cole Partners With Myntra Ahead of EORS17, to Offer Shoppers Urban, Comfortable and Socially Conscious Clothing

Bengaluru, December 6, 2022: Myntra announces the launch of a global designer-led fashion brand, Kenneth Cole, further boosting the portfolio of international brands available on its platform. A brand with huge international repute, Kenneth Cole offers unique premium products catering to an urban and socially conscious audience between the age group of 22-35 years to begin with, the brand will offer over 140 SKUs across categories like T-shirts, shirts, jeans, and winter wear.

Founded in 1982, the American fashion house, Kenneth Cole, is one of the leading fashion brands worldwide and is available across stores as well as online. The brand’s unique collections include Techni-Cole, Conscious-Cole will also be available as a part of EORS 17 offerings, which are scheduled to be held between Dec 10 to 16, this year. The Techni-Cole collection uses technical fabrics, making it more flexible and functional, while the Conscious-Cole collection uses sustainability-led fabrics and organic cotton, along with Kenneth Cole’s unique take on modern workwear, appealing to a product-conscious cohort. Kenneth, which are quotes from Kenneth Cole himself helps in driving the brand message to the audience, further augmenting the brand’s salience among shoppers.

Kenneth Cole’s launch on Myntra will help Kenneth Cole reach and engage with diverse target audiences and amplify its presence in the country. The association allows our in-house speciality teams to design, manufacture and distribute Kenneth Cole apparel, accessories, and footwear digitally in India. Men’s and Women’s Apparel from Kenneth Cole is live on Myntra, with other categories launching in the upcoming seasons. Kenneth Cole will further have its own Online Brand Store (OBS) on Myntra, allowing shoppers quicker access and a richer shopping experience.

Talking about the launch, Nandita Sinha, CEO, Myntra, said, “Kenneth Cole has created a mark for itself over the years, among global fashion and lifestyle consumers. We are delighted to welcome Kenneth Cole on Myntra and are confident of the brand being able to build deeper salience with the millions of shoppers across the country, especially with Kenneth Cole’s product-driven approach and Myntra’s wide reach and popularity with India’s fashion-forward consumer base.”

Speaking on the launch, Kenneth Cole, said, “We are excited to announce this initiative which is intended to firmly establish our footprint in the Indian market. Myntra is one of the leading platforms in the fashion and lifestyle space and we are looking forward to partnering with them to meet the hyper-growing stylish aspirations of Indian consumers.”

Myntra’s EORS-17 is set to bring offerings from over 6000 brands across a whopping 17 lakh styles. As a part of the event, Myntra is also presenting EORS specials and Kenneth Cole will be a part of the EORS specials this edition. First-time shoppers can expect a flat ₹500 off on their initial transaction, along with free shipping on their first four orders, while also receiving exciting coupons for future use.

Chai Sutta Bar Expands to 22 New Locations in Three Months

New Delhi, 6th December 2022: Chai Sutta Bar, the biggest tea franchise on the planet, is fast expanding with new branches opening around the nation. In the months of October, November, and December, the chai franchise opened a total of 22 additional locations in states like Maharashtra, Karnataka, Jharkhand, Gujarat, and Delhi NCR to name a few.

While expanding rapidly in the local market, Chai Sutta Bar (CSB), a homegrown fast food and tea outlet brand, is also looking to expand its franchise business in the international market. CSB has already established a firm in the United Kingdom in order to quickly expand into the markets of the United Kingdom, the United States, and Canada.

Anubhav Dubey (The Kulhad Man of India), CEO and Co-founder of Chai Sutta Bar said “We at Chai Sutta Bar are amazed by the affection and gratitude were shown to us by our customers and franchise owners. I am really happy to open our doors in 22 new locations across the country and give the people of India the taste of Desh Ki Mitti. This is only the beginning for us, and we need your help to develop and serve our community as well as the individuals who love and support us.”.

The vision of Chai Sutta Bar is to deliver a unique cultural blend and values to each corner of the world.CSB has accomplished great tasks and achieved incredible milestones, the 425+ outlets,190+ cities, countless kulchas, and global presence says it all about the QSR-based leading tea franchise. Without any boundaries, Chai Sutta Bar is now spreading with wings made of people’s love and affection.

Franchise partners of Chai Sutta Bar are enjoying massive margins and impeccable growth every year. With tea becoming the most consumed beverage, this industry has vast growth potential in India.

The availability of Kulhad Tea encouraged 350-400 small families to seek seasonal employment in Kulhad production.

Atos opens New Global Delivery Center in Cairo

Cairo, Egypt – December 6, 2022 – Atos today announces the opening of its new Global Delivery Center (GDC) facility in Cairo, Egypt concluded in a formal signing ceremony together with the Egyptian Prime Minister, Mr. Mostafa Kamal Madbouly, and Egypt’s Minister of Communications and Information Technology, Dr. Amr Talaat.
With this new GDC, Atos reinforces its presence in the Middle East and Africa and its commitment to both regional and global clients. This new GDC will boost its offshore delivery capability in addition to enabling it to explore business prospects from the wider region.

Egypt produces 100,000 IT graduates each year, with a diverse, gender-balanced workforce. Over 80% of its young working population are fluent in languages such as Arabic, English, French and German. Egypt was also ranked the 4th most pandemic- resilient country, solidifying its position as one of the world’s best delivery locations.

Leveraging Egypt’s diverse and skilled workforce and strong support from the Ministry of Communications and IT, Atos aims to provide cutting-edge, best-in-class digital services to its clients across the globe. It offers a full range of services, including digital workplace, application development, automated testing, project management, analytics and database, mainframe, server and infrastructure support to its clients with competitive pricing.

Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology endorsed the agreement inked with Atos which comes amongst several agreements with 29 multinational companies, creating over 34 thousand jobs directed towards exports through 35 global delivery centers with export value worth USD 1 billion annually. “These agreements reflect Egypt’s conducive business environment and multinationals’ confidence in our qualified local talent,” Talaat commented.

H.E. Talaat underlined Egypt’s potential to become the next big hub for digital and high- end services, thanks to the constant efforts made to boost Egypt’s competitiveness in the offshoring industry. “With its unique central location at the crossroads between 31 itida – IT Industry Development Industrycontinents, Egypt delivers a resilient high-quality digital infrastructure, and provides a supportive legislative framework catching up with the global rapid growth,” he continued. “Our plentiful supply of tech talent is all set and ready at a competitive cost, with proven experience in business services delivery for global firms to more than 100 countries with 20 different languages,” Talaat affirmed.

Amr Mahfouz, CEO of ITIDA, said: “We’re thrilled to reach an agreement with Atos, helping ITIDA achieve its strategic goals of the ambitious Digital Egypt strategy for the offshoring industry (2022-2026), that aims at multiplying the exports revenues from the offshoring sector while creating more domestic jobs for our skilled pool of talent.”

“ITIDA is working diligently to leverage the current geopolitical situation that led to major challenges across key delivery locations, while simultaneously monitoring the global shortage of talents. We invest heavily in building the digital and soft skills of our large talent pool, with a strategic focus on developing the country’s capabilities in the high-value services, including engineering, research & development (ER&D), embedded software, and electronic design,” Mahfouz added.

The diversity of the IT and business services provided in Egypt, along with its cost competitiveness, and government support, encourage global enterprises to launch and expand their global operations reinforcing the country’s reputation as a favorable, reliable IT offshoring destination and business services hub.

Sven Hesterman, Head of Global Delivery Centers Atos, said “We are proud and excited to open a new Global Delivery Centre in Egypt, adding our network of award-winning centres around the world. The talented and diverse workforce in Egypt is an excellent addition to the thousands of dedicated colleagues we have in our centres around the world, serving our customers on a daily basis.”

Ahmad Elharany, General Manager Egypt at Atos, “Our focus is to establish Egypt as one of the key Global Delivery Centers for the Atos Group and its clients worldwide. We aim to bring in a highly skilled workforce along with the right mix of onsite, onshore and offshore capabilities to meet our customers’ needs. We will continue to invest in recruiting and developing the right skill sets and enhancing our existing talent pool through continuous training and development programmes”.

Now with 350 IT professionals, Atos in Egypt plans to hire another 1,000 employees over the next 12 months with an emphasis on local talent. Atos will continue its investment in premise extension, training and skill set development and recruitment of local resources.