Category: Business

‘Comviva and Invest India announce the winners of the ‘InnoNXT Tech Startup Challenge’

New Delhi, India – 24 June 2021: In its continued endeavor to encourage ‘Innovation’ and empower the startup segment, Comviva, the global leader in digital solutions concluded its flagship startup challenge – InnoNXT Tech Challenge. The program was hosted in partnership with Invest India.

After 10 finalists were shortlisted in May, the winners of the InnoNXT Tech Challenge were announced at a virtual event organized by Comviva on June 21st. 5G startup Bitvivid bagged the first prize while CoRover and Zoroim IPSystems secured the second and third positions, respectively.

The startup challenge was launched with an aim of revolutionizing the entrepreneurial environment and speeding up innovation in India. It was interesting to note that out of the 150 applications received, 62 startups were in their early stages. Around 30% of the participating organizations were from Tier 2 & Tier 3 cities.

The Comviva InnoNXT Tech Challenge encouraged startups to take on the challenges in the highly emerging areas like Artificial Intelligence, 5G, Gamification, FinTech and Chatbots, among others. The participation was highest within the OTT and AI categories, especially as more startups aim to bridge various technological voids in these segments during the new normal.

After a rigorous evaluation over the course of two months, an eminent jury panel including industry leaders selected the winners of the InnoNXT Tech Challenge. Bitvivid Solutions was adjudged the winner for rich media content categorization in 5G. CoRover secured the first runner-up while Zoroim IPSystems secured the second runner-up position for Conversational AI platforms.

The overarching vision of the challenge is to nurture Indian technology startups by providing them mentorship and networking opportunities. Comviva and Invest India also aim to connect these startups with ecosystem stakeholders and help them expand their reach and create growth story by creating impactful solutions. The three winners of the InnoNXT Tech Challenge will get to design integrated solutions with Comviva’s products as a part of a white-label partnership. They will further get to explore pilot opportunities with Comviva’ s customers, which include global Telecom Operators and FinTech organizations.

Speaking on the success of the Startup Challenge, Manish Jain, Chief Technology Officer at Comviva said, “It has been an extraordinary experience hosting the InnoNXT Tech Challenge for startups. Comviva is committed to help these startups excel in their market journey and achieve their product vision. We are extremely excited to see the incredible new technology innovations and the spirited determination with which these startups are working towards the progress of the country. My heartfelt congratulations to all the winners of the InnoNXT Tech Challenge. We look forward to nurturing this new-generation startups to join us in shaping the future of Telecom. We shall continue to invest in purposeful innovations that are transforming the mobility space.”

Deepak Bagla, Managing Director & CEO of Invest India said, “Digital technologies and state-of-the-art solutions have made the fault lines in the global ecosystem more prominent. With this ongoing development, we are observing an accelerated adoption of digital products and services for across-the-board business functions. It is a proud moment for our nation that several Indian startups are proving their mettle globally in the current paradigm. Invest India believes in creating a conducive environment for Indian startups to solve the prevalent challenges and achieve a high-growth trajectory.”

The InnoNXT Tech Challenge finale was presided by eminent keynote addresses by Deepak Bagla, MD & CEO at Invest India, Madanmohan Rao, Research Director at YourStory Media, Kritika Murugesan, Director at NASSCOM 10,000 Startups and Manoranjan ‘Mao’ Mohapatra, Chief Executive Officer at Comviva.

Paytm Mall announces ‘End of Season Sale’ with best offers on fashion brands

Mumbai, 24th June 2021: India’s homegrown e-commerce platform Paytm Mall (owned by Paytm Ecommerce Private Limited) which is empowering MSMEs across the country with online services, today announced its ‘End of Season Sale’ from June 25 to June 28. The company would be showcasing best-in-class fashion collections from top international as well as national brands. It has partnered with Axis Bank, Bank of Baroda, IndusInd Bank for exclusive cashback deals on all debit & credit card transactions. The company is offering discounts between 50% to 80% on over 3 lakh products in the fashion apparel, footwear, and accessories category.

Some of the exclusive deals and services on ordering from the Paytm Mall App include free shipping & an exclusive 14-day easy returns facility. The mega fashion carnival brings with it the bestselling styles from top brands like Puma, Spykar, Cover Story, Van Huesen, and the like, and is expected to cater to the fashion and lifestyle needs of its customers at exclusive prices. Additionally, Paytm Mall, which has been at the forefront of promoting traditional Indian handloom and artisanal work would also be showcasing traditional fashion apparel and accessories from MSMEs, Made in India brands, government-run emporiums.

Paytm Mall EOSS is also offering the best value-based deals from other key brands, including Jockey, Peter England, Fossil, Campus Shoes, Sparx, Khadim India, and Red Tape. Menswear from leading national and international brands, womenswear across thousands of styles, and footwear styles by top brands will be offered at attractive prices. The company will also be showcasing new ‘work from home’ and athleisure collections from various brands during the upcoming sale.

Abhishek Rajan, COO, Paytm Mall said, “Our collection this End of Season Sale is an eclectic mix of fashion apparel from international brands as well as the best Indian handicrafts & handlooms have to offer. We are providing sellers, artisans, MSMEs from across the country, our technology, potent distribution network, & reach to help them expand their business through our efforts. Our best-in-class services including the Easy Returns policy make the online buying experience seamless and hassle-free.”

Thumbs up to the changemakers

National, 24 June, 2021: With every student of this era having multiple interests, finding the right career match could be a tricky job. It is here that the career experts create an impact by helping students make a career choice that will keep them fulfilled for a lifetime. And to recognize such individuals and entities who create an impact in the students’ lives and thereby shape the society and future, career guidance platform Career Guide hosted the ‘Career Changemakers Awards’ function on YouTube with senior IPS officer Manish Shankar Sharma; National Spokesperson of Samajwadi Party Ghanshyam Tiwari; and Vice President of Academic Affairs at ECMIT, Dubai Dr Sarita Sahni as the chief guests of the virtual ceremony.

There were 12 categories of awards, with some of the categories being ‘Visionary Academician’, ‘Technology / Online Learning Initiatives’, ‘Innovative & Creative Skills Related Initiatives’, ‘Top Educators/ Trainers’, ‘Career Development Cell’ and more. Fatema Agarkar, one of the recipients of Visionary Academician and founder of Agarkar Centre of Excellence (ACE) eloquently said that the title of ‘Changemaker’ was a motivating recognition for her.

For Manish Sharma, the education industry as a whole is going to play a significant role in shaping the economy of the country. He said, “The Indian economy in the last 10-12 years has grown phenomenally. However, there has been a cause of concern for the policy makers, corporates and others that there is a lack of requisite skill in the market as well as a lack of focus in some youngsters. It is all the education platforms together that will bring about a change.”

Agreeing to him was the host of the ceremony, Surabhi Dewra. “Merely attending lessons shall not help the students. They should be able to apply what they learn.”

Other recipients of the Career Changemakers Award were Dr Mariazeena Johnson, Managing Director Satyabama University; Jagdish Gandhi, Founder of City Monetssori School; EL Miranda, St Columba’s School; Fountainhead School, Surat; Vedica Saxena, International School; Amit Prabhakar, Gems International School; Sreeja Iyer, Sparkling Mindz; Parikrma Humanity Foundation, Bengaluru; Devendra Tamhane, Chintan Classes; Nithya Sriram, Educational Psychologist; Piyush Mahajan, LIfe Coach; Vikram Balajiwale, Balaji Commerce Academy & Future Mantra; Dheeresh Tripathi, Founder Director at Cadeto India Defence & Educational Institute; Aditya Sisodia, Mentor CXO’s Business Leaders; Meherzad Karanjia, Chief Learning Officer; Reena Bhutada, Career Counsellor; Sushant Gaonkar, Career Coach; Vivek Gupta, Global Knowledge Works; Meghna Mukherjee, Counsellor; Sakshi Mittal, University Leap; Bhavyata Bendre, Right Track; Bakhtawar Krishnan, Inspirus Education; Mallikarjunaiah, KLE Society’s Law College; Pradeep Kumar Bansal, Chandigarh University; Dr M Akila, KPR Institute of Engineering and Technology; DR GT Thampi, Thadomal Sahani Engineering College;

IE University, Spain; Rajyalakshmi Institute of Technology; Sandeep Marwah, Founder of AAFT University; and Prahlad Rai Sodani, IIHMR University.

Royal Enfield announces INR 20 Cr towards India’s Fight against Covid-19

Bengaluru, 24 June 2021: As COVID-19 pandemic continues to severely affect millions of lives across India, Royal Enfield, the global leader in the mid-size motorcycle segment, has strengthened its commitment to aid the country’s fight against the pandemic. Royal Enfield’s initiatives focus on building long term medical infrastructure, aiding remote and rural communities, and enabling local administrations with immediate response measures. Given the magnitude of the second wave and its subsequent impact, Royal Enfield has identified strategic medium and long term programs that are inspired by UN’s COVID-19 response framework- Build Back Better.

Royal Enfield has committed INR. 20 crores, in addition to INR. 50 crores committed last year by Eicher Group to support relief and rehabilitation efforts.

In addition to working with state governments and NGOs across Delhi NCR and Tamil Nadu, the earmarked amount is being distributed under the following key areas and initiatives:

Building sustainable medical support: In line with its vision to build long term and sustainable solutions, Royal Enfield, in association with Ekam Foundation has commissioned an Oxygen Manifold Plant at Jai Prakash Narayan Apex Trauma Centre (JPNATC), All India Institute of Medical Sciences (AIIMS), New Delhi. Royal Enfield is also enabling access to oxygen generators for 6 government hospitals in Tamil Nadu. It is also procuring and supplying critical care equipment to 6 government and 2 charitable hospitals and 30 Public Healthcare Centers in Tamil Nadu.

Supporting livelihoods and aid for remote regions: Royal Enfield has committed to supporting the communities in rural and remote areas where medical infrastructure and aid are in severe short supply. Several of these geographies have hosted Royal Enfield riders over the years with their rich natural heritage and indigineous cultures. It is working with district administrations in Leh, Ladakh, Kullu and Keylong in Himachal Pradesh to procure and supply oxygen concentrators and oxygen cylinders in several government and charitable hospitals.

Royal Enfield is supporting GOONJ in its RAHAT- COVID initiative that is a long-term program towards rebuilding communities in remote areas. As part of this comprehensive relief program, Royal Enfield will be facilitating outreach to several parts of Uttar Pradesh, Madhya Pradesh and Jammu & Kashmir, in some cases even with the support of the Indian Army. Given its legacy with the Armed Forces, Royal Enfield is also honoured to be able to support the Indian Army with 100 Oxygen concentrators, COVID-19 kits and other key medical consumables in their relief work.

With its focus on building sustainable communities that are better equipped to deal with the pandemic, Royal Enfield has initiated several livelihood initiatives for families that lost means of livelihood during the initial wave of the pandemic. Towards this, it has partnered with CARE India to empower and train over 500 women on collectivisation and entrepreneurship in Vallam Vadagal, Tamil Nadu.

Royal Enfield has helped over 39,000 families pan India with access to essential commodities since last year.

Immediate relief: Royal Enfield has made a contribution of INR 2 crores to the Tamil Nadu Chief Minister’s Public Relief Fund. This amount is being strategically deployed by the state government to enable access to medical aid and consumables as well as for livelihood support programs for millions impacted by the pandemic in Tamil Nadu. It also supported the Delhi Government with INR 1 crore towards procurement of oxygen cylinders when the pandemic was raging in NCR. Additionally, Royal Enfield has been working with the governments of Delhi and Haryana to support government and charitable hospitals with oxygen cylinders, oxygen concentrators and medical consumables. It has set up a 25 bed, COVID care facility at Dr. Shroff Charity Eye Hospital in New Delhi. It is also creating an Oxygen concentrator bank in partnership with the Clothes Box foundation.

Royal Enfield has also announced a host of initiatives with a focus on employee care, safety and well-being. Apart from a dedicated COVID-19 insurance policy, vaccination sponsorship and onsite vaccination camps, Royal Enfield has also launched V-care, a 24X7 platform for virtual medical teleconsultation and psychological counselling for its employees. This is complemented by a central COVID-19 Command Centre equipped with an emergency response team for on-ground support across multiple locations. A 70-bed COVID-19 care facility and isolation centre has been set-up at Perungudi (Chennai) for employees testing positive and needing medical assistance (mild and moderate cases). Royal Enfield has also introduced a series of financial assistance measures in the unfortunate event of an employee losing their life to COVID-19. These include an insurance cover of three times the employee’s salary under Group Term Life Insurance, disbursement of the current salary of the employee for a period of 2 years to their immediate family, financial support for educational assistance of the concerned employee’s children and an opportunity for them to avail vocational training at Royal Enfield amongst other programs.

Royal Enfield continues to assess the impact of its initiatives and will take further steps to contribute towards employee wellbeing as well community recovery and rehabilitation efforts in the medium and long term.

Shajan George Promoted as Senior Director, Sales – Private Networks at R&M India

BENGALURU, India – June 24, 2021

R&M, a Swiss cabling systems developer and provider of high-quality fiber and copper solutions for network infrastructures around the world, today announced the elevation of Shajan George as Senior Director, Sales – Private Networks, effective from June 16, 2021. Shajan, who has been leading the technology division as Technical Director, will now move to the new role for R&M’s India and SAARC region.

R&M’s private network division is an enterprise section which includes LAN solutions of office cabling, digital building and healthcare cabling along with transportation, data centers, private FTTH and more. Bangladesh, Bhutan, Nepal and Sri Lanka will get a renewed focus by Shajan to expand and utilize the market potential in these countries.

On this appointment, Gaurav Ahluwalia, Managing Director at R&M India said, “Shajan has been one of the pillars of R&M’s success in India. His contributions and collaborative efforts have helped R&M reach its current position. We are very excited to see his efforts to develop strategy and execute on the sales plan to expand our current market and newer verticals.”

“I am excited to have been given this opportunity of leading the sales unit of private network on behalf of R&M. I look forward to putting my experience in this new role and continue in building a stronger team. There are many tier-2 and tier-3 regions with a lot of untapped potential. I want to work towards growing our presence in various verticals like healthcare apart from DCs and transport verticals,” said Shajan George, Senior Director, Sales – Private Networks.

Shajan George is an industry veteran with 27 years of rich experience in Sales and Technical background. He has been heading the Technical Team in India as Technical Director since 2007. Mr Shajan holds a Master’s in Business Administration, PG Diplomas in Sales & Marketing Management, and Labor Laws and Labor Welfare. He held the post as Vice-Chair & Chair of FTTH APAC Council Education & Training Committee respectively in 2017 & 2018.

Verizon Names Vijayaraman Subramanian as Vice President and Managing Director for India

India – Vijayaraman Subramanian has been appointed as the Vice President and Managing Director of Verizon India, the emerging Technology-driven Global Capability Centre (GCC). In his new role, Vijay will lead Verizon India and play a key role in spearheading and evolving Verizon India as a strategic development center, an emerging innovation hub and drive cutting edge capabilities to boost technologies like 5G for Verizon.

Vijay takes over this role from Kalyani Sekar who moved to the US to take on a global leadership role within the organisation. 

Vijay, who has been with Verizon India since its inception in 2001, has led multiple business teams and has played a significant role in driving comprehensive solutions for Verizon’s network and technology needs. Prior to this new role appointment, he was the Interim head for Verizon India, leading the transformational journey of the organization. Vijay has also been integral to organization-wide initiatives like talent transformation, driving innovation through intrapreneurship and engaging with the external ecosystem including start-ups and academia.   

About Verizon India 

Verizon is an American multinational telecommunications conglomerate and a global leader in next generation communications technology, including 5G and the Internet of Things. Verizon India (Verizon Data Services India) is an extension of the global Verizon teams working on varied systems, applications and initiatives to help deliver the digital experiences that are vital to customers’ lives and businesses’ success. As an innovation-hub, Verizon India plays a critical role in both the development of new technologies and the day-to-day operation of Verizon’s business. Established in June 2001, Verizon India has a ~6000 strong, diverse talent pool that operates out of Chennai, Hyderabad and Bengaluru. 

Purpose, Community, and Values Drive Success

By Rick Williams

This is a story about what motivates your staff – your team – to be successful.

For more years than I want to admit, I have competed in sailing races across New England including Block Island Race Week, the Bermuda Race, Ted Hood Regatta, the Buzzards Bay Regatta, and the Marblehead to Halifax Race.

My sailboat CHARIAD’s home port is Marblehead, Massachusetts. We race with a ten-person crew and have won most local and regional sailing regattas. Competing successfully year after year as part of a high-performance team against talented skippers and crews is my motivation for staying engaged. CHARIAD’s website is HERE. (www.CHARIAD.com)

I have thought about writing a book entitled Everything I Know About Leadership I Learned on my Sailboat. Winning a sailboat race requires a winning boat, preparation, a winning strategy, and – most importantly – a winning crew. You may think of sailing like a boat gliding across the lake, river, bay, or ocean. Sailboat racing is people working together. In many ways, the challenges of leading a competitive team on a sailboat are the same challenges you face leading your organization.

My racing puts into hyper-focus the importance of creating a community of purpose and shared values that motivate our team to go racing on the sunny days and the wet, cold days.

Every team member on my boat is a volunteer. They are on the boat because they choose to be a member of this crew competing on this boat. We are not racing in America’s Cup with big-budget corporate sponsors buying sails and paying crew members to sail. I am not Tom Brady quarterbacking football players paid million-dollar salaries.

While the snow was still on the ground, I attended a panel discussion hosted by the Eastern Yacht Club in Marblehead on how to recruit a great racing crew. Hoping I would learn something new, I joined 40 other skippers on a cold March evening to learn from the “experts.”

The first speaker owned and raced two sailboats. One was in New England in the summer. In the winter months, he raced a different boat in Florida and the Caribbean. This boat owner employed a manager/skipper who hired key crew for each major regatta. The balance of the crew included sailmakers and equipment suppliers who outfitted the boats.

The second speaker owned the Rhumb Line, a bar in Gloucester, Mass. His racing crew came from the regulars at the bar. A fun gang indeed!

The yacht club presented these speakers as examples other skippers could follow when recruiting and leading a sailboat racing crew. Paying crew to be on the boat for a race was one approach. Owning a bar and enticing the barstool gang to go sailing in the morning was another. These experts were a clear expression of the yacht club’s image of sailboat skippers. These two approaches are certainly options for crew recruitment. We compete against professional crews and informal family and pick-up crews. But how relevant are they for most skippers and for you as a leader of your “crew?”

Sailboat racing is exhilarating and is physically and intellectually challenging. The crews are doing difficult and sometimes dangerous work in a high-stress setting. We have sparkling, beautiful days on the water with gentle breezes. Other days are cold with walls of green water washing over the boat. No demands by the captain or promises of drinks at the bar will get the crew to train over and over to become a successful team.

Yes, the employees of your company or non-profit are paid a salary. And for some employees, the only reason they come to work is to get a paycheck. If you want high performance from your employees, build a team committed to the team’s success.

Recruiting crew members who want to be part of a high expectations team is the starting point for my sailing. Training to build competency and confidence to work with limited supervision is the next step. Celebrating success and building community on the boat and off the boat are the next steps.

Purpose, community and values bind us together and motivate us to be a winning team. I believe this team-building approach is a better path to sustained high performance than a paid crew or free drinks at the bar. The performance follows process. Your company’s purpose and values and the community you build are more important motivators than the salaries you pay.

^^^^^^^^^^^^^^^^^

About the Author

Rick Williams

Managing Director

Williams Advisory Partners, LLC

www.WilliamsAdvisoryPartners.com

Mobile: 617-771-1950

Rick Williams is Managing Director of Williams Advisory Partners, LLC. He has a breadth of experience as an executive and board director for technology companies including medical technology, software, and financial services. Rick is a nationally published thought leader. His soon-to-be-published book entitled “Create the Future – for your company and yourself” is a “how to field guide” for leaders who want to think creatively about where to take their organization.

Digitalization in E-Commerce: A key driver for the transformation of the organic food market

By Mr. Narendra Firodia, Co-founder at YouCare Lifestyle

One of the most significant understandings for people across the world amidst the global crisis has been requisites to build ‘strong immunity’ to safeguard against the deadly virus. This has proven to be a shot in the arm for the Indian organic food industry that has been growing at an accelerated pace. According to various industry researches, the Global organic food market that stood at $ 110.25 billion in the year 2016, has over the years grown at a CAGR of 16.15per cent, in value terms and is expected to reach up to $ 262.85 billion by the year 2022. Going by the findings of various studies it has been researched that the organic market in India stood at over INR 1,200 crore last year and this year the market is likely to cross INR 2,000 crore. This noticeable mark-up is because the organic food demand has been rising steadily ever since the outbreak of the pandemic and in the wake of the lockdown.

Below mentioned points offer evidence of the way a digital revolution has been enabling the growth of the country’s dynamic organic food market:

A transparent future for the organic food chain: According to industry observers, there is a possibility of at least a 20-25 percent increase in the compounded growth of organic food in India for the year 2020-21. Taking this estimate into consideration, the Indian organics market is predicted to grow at about INR 3,000 crores even amidst an economic downturn. Under the current situations, the concerns for well-being and the environment will remain precedence, and this will keep the organic food demand in a high orbit for the times to come.
Advent of technology has proved to be a game-changer: The consumer behaviour patterns in favour of organic produce also appear to have become more deeply rooted and an embedded part of the consumer buying habit. In order to keep this surging demand intact, the retail world needs to confront a digital-first future. This applies chiefly to the organic foods market, which has long been relying upon the laurels of profitable revenue from the mandis or the counters and shelves of physical stores. Until recently, most of the industry’s key players have undervalued the impact, scale, and scope of the digital transition at hand. But for those who respond speedily, it’s not too late to catch the upcoming digital wave. Virtualization is empowered to boldly recreate the appeal of the conventional physical retail experience by adopting a user-centered approach. If addressed effectively, the shift to digitalization has the potential to amplify customer acquisition and retention, even in such economically tough times. Moreover, a digitally allied and responsive food chain and technology-enabled food producers are central in modifying the industry to meet the country’s nutritional requisites.

Technology fixing the supply chain to enable fair-trade practices: Innovations like rapid use of precision data, smart farming, artificial intelligence and machine learning have proved to offer a herald of hope for farmers across the country. By building an autonomous marketplace which ensures that farmers/local vendors are an active part of the ecosystem eliminating the middlemen, can aid in sourcing ethical products which can further strengthen the chain of fair-trade practices. Technology has created a level playing field by connecting the producers with the buyers through the sale and exhibit of locally sourced organic products, ensuring that the community benefits. The future holds massive possibilities, and if used considerately, technology has an ability to encourage yet another revolution which will alter the face of India’s agriculture industry.

Online grocery procurement has been clicking with consumers amidst pandemic: The current crisis has led to an elevated level of mindfulness on the significance of chemical-free and organic nutritive that help to improve immunity and build better well-being. As far as digitalization is concerned, the Indian e-commerce market has been one of the major beneficiaries of the pandemic, as containment measures familiarized millions with the suitability of online spending.

During the global lockdown, the only way people could buy these products was through ordering them online. This has given an additional boost to organic foods in the e-commerce sector. This phenomenon has led to a new way of living. An organic, natural, and healthy lifestyle are the new normal.

Looking ahead, there is definitely a great opportunity for the organic food market to take a big leap and corner a bigger share of the Indian grocery market. FBOs and entrepreneurs have a lifetime opportunity to come forward to fill in the gaps in the organic fruit and vegetable and other organic categories and meet the fast-growing and unfulfilled needs of this expanding market.

Epson Maintains No.1 Position in the Indian Inkjet Printer Market

National, June 24, 2021: Epson, a world leader in digital imaging and printing solutions, has once again secured the No.1 position in the Indian Inkjet printer market, according to the latest data published by market intelligence firm IDC’s Worldwide Quarterly Hardcopy Peripherals Tracker, 1Q2021. Epson has been leading India’s Inkjet market since 2017.

In FY20 (April 2020-March 2021), Epson captured 40.85%* of the overall Inkjet printer market [InkTank + Ink Cartridge printers] based on unit shipment. Epson sold 766,965 printers during the 12 month period. In the first quarter of CY 2021, the most recent results indicate Epson’s market share was 50.85% for the overall Inkjet market.

Epson announced that its EcoTank printers are also marking two significant milestones, that of having completed 10 very successful years in India and during this time having achieved a consolidated sale of over 5 million EcoTank printers. In 2011, Epson introduced the concept of InkTank printing to the world announcing the sale of Epson L100 Inkjet printer and the L200 All-in-One printer – the world’s first integrated ink tank system printers. These printers were conceived to cater to the requirement of typical cost conscious consumers in India and around the world. Since then, Epson has seen great success with its EcoTank printers and has continued to innovate and provide affordable, yet high performance printing solutions to help customers lower their cost of printing.

“We are delighted to retain our No.1 position in the Indian Inkjet market despite the changing landscape brought on by the pandemic. We have seen an accelerated change in business and customer behaviour and expectations resulting in cost, environmental and social issues gaining traction. Sustainability is a fundamental requirement for achieving this. Our EcoTank printers with Heat-Free technology are developed keeping in mind our vision to provide products and services that reduce costs and environmental impact. Epson will remain committed to using its original technology to create new value and change the way we live and work,” said Mr. Siva Kumar, Senior General Manager, Inkjet Printers at Epson India.

Epson continues to highlight the formidable advantages of low print cost, high page yield and the environmental benefits of its patented Micro Piezo Heat-Free technology in its EcoTank range of printers. Epson’s Heat-Free Technology is a revolutionary technology that helps consume less power, compared to Laser printers, thereby saving money and the environment. The company has also recently renewed the Environmental Vision 2050, a statement of its environmental goals for 2050, to achieve sustainability and enrich communities as it seeks to become carbon negative and underground resource free by 2050.

In the upcoming years, Epson’s focus will remain on reducing the environmental impacts of products and services and in supply chains, achieving sustainability in a circular economy and advancing the frontiers of industry through creative, open innovation while contributing to international environmental initiatives.

* Source: IDC Worldwide Quarterly Hardcopy Peripheral Tracker, 1Q2021