Archive: December 1, 2022

News

Construction Technologies Vital for India to Achieve Zero Emissions by 2070: H S Puri

Dec 1, 2022 by Rabindra 0 Comments

Bengaluru, 1 December 2022: Propagate 2022, the most impactful PropTech summit brought to you by Brigade REAP, Asia’s first Proptech Accelerator Program was held in the city today. The day-long summit inaugurated by Shri Hardeep Singh Puri, Minister of Housing and Urban Affairs, Govt. of India in the presence of Dr. Ashwathnarayan C. N., Hon Minister of Electronics, IT, Biotechnology, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, and Ms Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited. Propagate 2022 was host to insightful sessions including Smart Design & Planning, Smart Construction, Smart Finance & Investments, The Making of PropTech Unicorns and Challenges for PropTech Adoption.

Delivering a virtual address Shri Hardeep Singh Puri, Minister of Housing and Urban Affairs, Govt. of India said, “It is estimated that around 700-900 million square meters of the built environment will need to be added to Indian cities every year to fully harness the economic potential of Indian cities. It is important that the real estate and construction industry capitalizes on this huge opportunity. India’s urban rejuvenation is an important facet of the vision of the honorable Prime Minister Sri. Narendra Modi is to transform India into a developed nation by 2047, a key component of which is India’s advocacy for green and climate-resilient infrastructure. It is imperative that these sustainability considerations are also imbibed by the construction industry. The built environment generates significant carbon emissions accounting for almost 39% of gross carbon emissions worldwide. It is necessary that urban India adopts resilient construction technologies to achieve the target of zero emissions by 2070 announced by the Prime Minister in Glasgow last year. I am hopeful that Propagate 2022 will serve as an appropriate forum for some of the brightest young minds to come together and exchange ideas to strengthen the real estate and construction industry. I commend Brigade REAP for hosting Propagate 2022, a summit that promotes entrepreneurship and innovation in the real estate industry through the adoption of PropTech.”

Releasing two independent vital studies on ‘Climate conscious construction and Demolition waste management and ‘Shelter solution for migrant construction workers’ carried out by Anant National University in association with Brigade REAP Dr. Ashwathnarayan C. N., Hon Minister of Electronics, IT, Biotechnology, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, said “The real estate sector has contributed significantly to the growth of Bengaluru. With sustainability being a key focus area today it is important for the construction sector to focus on technologies that will help reduce the environmental impact caused by increased construction needed for the economic growth of the State. It is also vital that developers align with academia to create awareness and build a sustainable ecosystem. Without technology, it is impossible to meet the staggering demand for housing in the city which is growing faster than ever before. Bengaluru is fertile ground for technology and innovation, it is an undisputed leader in India for the vital role it plays in powering the IT revolution. The city has all the ingredients necessary to make it a leader in PropTech, not only for India but for the whole world.”

Delivering the welcome address via a video message Dr. M R Jaishankar, Chairman of Brigade Enterprises Ltd said, “The real estate and construction industry have been late adopters of technology, however, that picture is changing with unprecedented interest from developers, investors and especially start-ups. In 2016, the real estate industry invested less than 0.5% of revenue in technology, today that number has gone more than doubled, but a lot more needs to be done. It is imperative that the real estate sector accelerates the adoption of technology, and this is possible only if we pool in our intellect, intent, and resources behind innovative technology that improves productivity, and efficiency and protects the environment. I am extremely happy that Propagate 2022 has brought together diverse leaders from our ecosystem. We have some of India’s most influential real estate developers, the most impactful start-ups, the most innovative VCs, and financial brains with representation from the design and engineering community all under one roof. The single objective is to bring about transformative change in the real estate industry.”

Over 300 guests from various business verticals attended Propagate 2022 which was structured to address the challenges that the real estate and construction industry face globally. Eminent panelists shed light and deliberated on plausible solutions that could tackle these issues. Budding start-ups with disruptive solutions used this platform to network and learn from the experts.

Photo Caption 1 – Dr. C N Ashwathnarayan., Hon Minister of Electronics, IT, Biotechnology, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, and Ms. Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited at the inauguration of Propagate 2022 the most impactful PropTech summit brought to you by Brigade REAP.

Photo Caption 2 & 3 (from left to right)- Mr. Dhaval Ramesh Monani, Director of Affordable Housing, Anant National University; Dr. C N Ashwathnarayan., Hon Minister of Electronics, IT, Biotechnology, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, and Ms. Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited Releasing two independent vital studies on ‘Climate conscious construction and Demolition waste management and ‘Shelter solution for migrant construction workers at the inaugural session of Propagate 2022 the most impactful PropTech summit brought to you by Brigade REAP.

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Technology

OVHcloud positioned in the “Major Players” Category in IDC MarketScape: Worldwide Public Cloud Infrastructure as a Service 2022 Vendor Assessment

Dec 1, 2022 by Neel Achary 0 Comments

Roubaix, Dec 1, 2022 – OVHcloud, the European cloud leader, is named as a “Major Player”  in the IDC MarketScape: Worldwide Public Cloud Infrastructure as a Service 2022 Vendor Assessment (doc #US48861822, November 2022). The IDC MarketScape evaluated 13 companies to assess strategies and capabilities.

According to the IDC MarketScape report, “OVHcloud has attractive and transparent pricing (e.g., it does not bill for API calls). It also has valuable service adjacency given it also offers dedicated private servers, web hosting, and hosted private clouds. This helps make it a one-stop shop for companies still early in their journey to the public cloud, as they can start the transition with OVHcloud using older deployment models and then maintain the same commercial relationship if and when they decide to move those workloads. ”

The report also noted, “OVHcloud’s roots as a European service provider also puts the company in the catbird seat for conversations about sovereign cloud and data residency, and indeed, it has baked these factors into its development approach for years. It has also made sustainability a strong focus for many years.

From a portfolio standpoint, the IDC MarketScape notes the recent investments made in building out software services higher up the stack in areas such as Artificial Intelligence, Machine Learning, databases, and container orchestrations, while continuing to court partners focused on commercial and open-source software to build its ecosystem.

“As the only European-based cloud provider represented in the Worldwide Public Cloud IaaS MarketScape, OVHCloud is uniquely positioned to address the needs of customers in that region and beyond,” said Dave McCarthy, Research Vice President, cloud and edge infrastructure services at IDC. “The company’s investments in the areas of digital sovereignty and sustainability are well aligned to the requirements of global organizations.”

“We are pleased to be named as a Major Player by the IDC MarketScape for Worldwide Public Cloud IaaS,” said Michel Paulin, CEO of OVHcloud.  “This assessment encourages us to further expand and accelerate our efforts in the field of PaaS to better meet our customers’ expectations all the while maintaining our positioning at the forefront of a trusted cloud, but also as a pioneer for sustainable infrastructure.”

Business

STPI Selects 40 Indian Startups for Us Exposure Under Their “building the Next Unicorn” Initiative

Dec 1, 2022 by Rabindra 0 Comments

New Delhi, December 1, 2022: Shri Ashwini Vaishnaw, Hon’ble Minister of Railways, Communications, Electronics and IT, Government of India today inaugurated the National Conclave of “Building The Next Unicorn”, a joint start-up initiative of Software Technology Parks of India (STPI) and Electronics and Computer Software Export Promotion Council (ESC) here. Under this program, 40 startups were selected for “Mission to the USA”, where they will be provided with an opportunity to visit the USA, coinciding with a leading Tech Event, for exposure to the world’s largest market for tech-based products and services.

The selected startups will also get an opportunity to interact with investors and venture capitalists in and around San Francisco, USA. The ESC-STPI initiative aims to not only support Indian tech startups but also enable them to compete on the global stage with the crème de la crème of international startup firms.

Speaking on the occasion Shri Ashwini Vaishnaw, Hon’ble Minister of Railways, Communications, Electronics and IT, Government of India, inspired the attendees of the event with his visionary thought leadership and said, “With various government initiatives and support, the start-up culture in India is witnessing a paradigm shift. Indian start-up ecosystem has now become a technology consumer to a technology producer. Change in momentum has been witnessed in various sectors in our country. There is a manufacturing growth across sectors and job creation in the digital economy is seeing an upward trend.”

He also highlighted that “55 lakh direct jobs have been created in IT/ITES sector, 30 lakh in electronics manufacturing & 8 lakh in start-ups. By 2024, the government is planning to provide 1 crore job opportunities.”

STPI Director General, Shri Arvind Kumar, said, “The agility with which government and STPI are working to break the silos and creating an institutional mechanism to support startups pan India through its CoEs and NGIS schemes is commendable. The next great story will be written in these non-metropolitan cities, and it is our solemn duty to provide promising entrepreneurs with the tools and skillsets to excel and achieve their greatest potential. STPI is transforming the start-up ecosystem in the country with its 63 centers, out of which, 53 centers are in tier 2 & tier 3 cities for nurturing ideas and providing technical support.”

The event also witnessed the launch of a special report “Start-Up Ecosystem Beyond Tier 1 cities”. The report is a part of the STPI Knowledge-Up Series and will be an apparatus for transforming India into a new hub for innovation and entrepreneurship.

Shri Gurmeet Singh, Executive Director, of the Electronics and Computer Software Export Promotion Council, in his welcome address said, “We aim to identify and empower promising start-ups from the tech space in India and connect them to the best industries so that they can reach global markets. Our journey started with support from the Ministry of Commerce and Industry and the Ministry of Electronics and Information Technology. This helped us build a three-tier model comprising State conclaves, National conclaves and Internationals conclaves. We endeavored to go beyond metropolitan cities and cover the length and breadth of the country to identify 700 start-ups. After due diligence, 300 start-ups were selected for the State conclave, while 115 start-ups would be selected for National conclave and 40 start-ups will be selected for global markets exposure in the US and further empowered with American investors and technologies.”