The fourth edition of the quarterly index reveals a promising surge in sustainability investment, with a resolute commitment to further growth, particularly in the Asia-Pacific region, with 31% of organizations express being ‘extremely optimistic’ about achieving their short or long-term sustainability goals and 35% being optimistic about meeting their 2030 goals.

Evaluating the past 12 months’ performance in the region, organizations have made notable progress in their environmental sustainability efforts. In the category of energy evolution & efficiency, 37% of organizations succeeded in meeting their targets. Similarly, 34% accomplished their goals for emissions reduction. Demonstrating even better results, 42% successfully tackled their pollution prevention objectives. The most impressive performance came in the circularity & recycling category, where 50% of organizations in the Asia-Pacific region achieved their sustainability targets, highlighting the region’s significant strides towards a more sustainable future.

“Over the past decade, there have many cohesive efforts around SDG goals in the Asia Pacific region. Organizations, across industries, are paving the way for sustainable solutions and committing to reduced emissions. The recent and ongoing discussions led by G20 is another instrumental step in this direction. Our most recent Environmental Sustainability Index, in partnership with The Futurum Group, also reveals a clear preference for sustainability goals over digital transformation, market growth, and financial performance in the coming six months. Notably, Energy Evolution and Efficiency are the top sustainability priorities, followed by Emissions Reduction, Pollution Prevention, and Circularity/Recycling initiatives, echoing a consistent trend over the last two quarters. These companies’ unwavering commitment to sustainability is truly admirable, and we feel proud to work with them as we collectively progress toward a greener, more sustainable world. In fact, even at Honeywell, our commitment to carbon neutrality by 2035 is a continuation of our sustainability/ESG efforts since 2004”, said Mr. Ashish Modi, President, Honeywell India.

Organizations in the Asia Pacific region are continuing to set an inspiring example for sustainability, with 72% having implemented internal Environmental Sustainability (ES) goals or targets for Energy Evolution & Efficiency, reflecting their proactive approach to energy conservation and efficiency. Furthermore, 62% of organizations have taken decisive action by setting internal ES goals for Emissions Reduction, demonstrating their commitment to combating climate change and reducing their carbon footprint. Furthermore, a remarkable 72% have adopted internal ES goals for Pollution Prevention, demonstrating the region’s unwavering commitment to protecting the environment and mitigating the impact of harmful pollutants.

“Honeywell’s Environmental Sustainability Index highlights the commitment of the global economy towards sustainability and innovation. Organizations worldwide have embraced Balanced Processes & Technology to drive sustainability initiatives, with 40% expressing extreme optimism in their reporting methods meeting future requirements. According to the survey, this pragmatic approach will achieve a significant portion of their targets for Emissions Reduction (32%), Pollution Prevention (30%), Energy Evolution and Efficiency (34%), and Circularity and Recycling (39%)” added Mr. Ashish Modi.

Methodology

The Environmental Sustainability Index is based on a global double-blind survey of 751 business, technology, and sustainability professionals directly involved in the planning, strategic development, implementation, or oversight of environmental sustainability goals and initiatives. In terms of geographical composition, one of the regions is Asia Pacific which may include Australia, China, India, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Vietnam, and other. Panelists were required to be in a leadership role within their organization, with organizations required to have a minimum of 1,000 active employees. This survey was conducted during Q2 of 2023. The first edition of the survey was conducted during Q2 and Q3 of 2022; the second edition was conducted in Q4 of 2022; the third edition was conducted in Q1 of 2023.

To download the full index and survey report, please visit here: Honeywell Sustainability Index

]]> 434690 https://indiaeducationdiary.in/adb-forecasts-continued-pandemic-recovery-for-pacific-economies-in-2023-2024/ Thu, 03 Aug 2023 03:22:03 +0000 https://indiaeducationdiary.in/?p=432511 MANILA — Economies in the Pacific are projected to grow collectively by 3.3% in 2023 and 2.8% in 2024 as the subregion continues to recover from the COVID-19 pandemic, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM) launched today. In Papua New Guinea (PNG), the subregion’s largest economy, […]]]>

MANILA — Economies in the Pacific are projected to grow collectively by 3.3% in 2023 and 2.8% in 2024 as the subregion continues to recover from the COVID-19 pandemic, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM) launched today.

In Papua New Guinea (PNG), the subregion’s largest economy, increased output outside the resource sector will underpin economic activity. Some tourism-driven economies, such as the Cook Islands and Samoa, will benefit from the lifting of pandemic travel restrictions along with increased public investment spending. Fiji is also expected to grow, albeit at a more modest pace, due to increasing tourism competition from other destinations.

“The lifting of the last pandemic mobility restrictions has enabled economic activity, such as tourism and implementation of public infrastructure projects, to resume in earnest,” said ADB Director General for the Pacific Leah Gutierrez. “The outlook for the Pacific is subject to downside risks, such as sensitivity to international commodity prices and longstanding vulnerability to disasters, but ADB continues to work closely with government counterparts across the Pacific to help mitigate these risks, restore development gains, and support inclusive, sustainable growth in the subregion.”

Other short-term downside risks to the Pacific’s outlook include uncertainties around the resumption of stalled public investment projects and the uneven recovery of the crucial tourism sector, exacerbated by possible economic scarring from the pandemic.

The latest PEM explores the development impact of the pandemic and challenges to recovery and fiscal sustainability. It examines efforts in the Cook Islands, Fiji, and PNG to address fiscal risks and support sustainable recovery; studies debt management in Nauru amid the pandemic and emerging fuel cost issues in Niue; and assesses the economic costs of and responses to the disasters that struck Vanuatu in 2023. Other articles provide updates on post-pandemic tourism in Samoa and Tonga, explore new growth engines for Kiribati, Solomon Islands, and Tuvalu, and outline how to offset pandemic-induced social and economic losses in the North Pacific.

Topical policy briefs in the PEM highlight key findings from two ADB-supported reports, Women’s Economic Empowerment in the Pacific Region and Finding Balance 2023: Benchmarking Performance and Building Climate Resilience in Pacific State-Owned Enterprises, while presenting efforts in Solomon Islands to meet local demand for wood products as log exports slowed.

The PEM is ADB’s biannual review of economic developments and policy issues in ADB’s 14 developing member countries in the Pacific. In combination with the Asian Development Outlook (ADO) series, ADB provides quarterly reports on economic trends and policy developments in the Pacific.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Nick Clegg, President, Global Affairs, Meta, said, Meta’s open approach to AI innovation is complementary to India’s leadership on digital issues. Giving businesses, startups and researchers access to these technologies can open up a world of social and economic opportunities. With close collaboration between government and industry, we can strengthen India’s digital leadership and help to ensure AI tools are built for India’s unique needs.

Abhishek Singh, CEO of ‘India AI’, said, India is at the forefront of adopting digital technologies and it is evident that AI and Emerging Technologies will play a pivotal role in expanding the advantages of technology to a broader population. Through this collaboration with Meta, the joint research and development endeavours will tackle large-scale challenges by leveraging cutting-edge AI technologies like Llama and other open-source solutions.

India AI’ and Meta have entered into a collaboration aimed at advancing research and development in AI & Emerging Technologies, seeking breakthroughs in AI technology and its applications. Additionally, both organisations may also consider establishing a Centre of Excellence to nurture the startup ecosystem of AI & other Emerging Technologies. Leveraging Meta’s AI research models like LlaMA, Massively Multilingual Speech, and No Language Left Behind, the collaboration will focus on building datasets in Indian Languages to enable translation and large language models, with priority given to low-resource languages. This effort will foster social inclusion, improve government service delivery, and spur innovation using large language models, Generative AI, cognitive systems, and translation models.

Furthermore, ‘India AI’ and Meta will strive to enhance accessibility to AI compute resources for researchers, startups, and organizations with limited resources. Knowledge sharing and collaboration in AI & Emerging Technologies will be facilitated through workshops, seminars, conferences, and similar platforms.

Additionally, ‘India AI’ and Meta share a common goal of raising awareness about AI’s potential benefits and risks among various stakeholders, including policymakers, businesses, civil society, and the general public. They will also work together to promote responsible AI practices through the collaborative development of comprehensive tools and guidelines.

Meta’s AI research models being already being tested by Indian academic institutions

We believe an open approach is the right one for building with AI models of today’s capabilities, and need to work in collaboration with others in industry, government, civil society and academia to advance them in a responsible way, and they need to find ways to bring people into the process as they develop the guardrails that AI systems operate within.

To help build the foundation blocks for translation of low-resource languages, Meta has created and expanded open data sets for research use like ccMatrix, Vox Populi and released benchmarking datasets like FLORES-200, Casual Conversations v2 Dataset for academic use.

Our AI research model, No Language Left Behind (NLLB-200) enables translation of 200 different languages (including 25 Indian languages), helps improve the way researchers evaluate and expose potential algorithm biases in their computer vision and audio systems.  For some Indian-based languages, NLLB-200’s translations were more than 70% accurate, proving to be a game changer for a country as diverse as India.

Our research efforts have also made significant progress on expanding speech recognition technologies for low-resource languages with the Massively Multilingual Speech (MMS) project speech-to-text, text-to-speech model for 1,100+ languages (including around 60 Indian languages) for research use cases.

India’s velocity of change on back of adoption of new technologies is inspirational

India has been at the forefront of technological advancements for almost a decade now. With a thriving developer base and third largest start-up ecosystem in the world, India can use technologies like AI to further strengthen its digital governance and applications that have the ability to transform everyday lives of people. As per the OECD observatory, in 2022 Indian developers have already made maximum contributions to the public AI software development projects.

By making AI models available openly we are giving these developers, businesses, startups, entrepreneurs, and researchers access to tools developed at a scale that would be challenging for them to build themselves, backed by computing power they might not otherwise access. This will open up a world of opportunities for them to experiment, innovate in exciting ways, and ultimately benefit from economically and socially.

Conclusion: 

Meta is on the bleeding edge, with world-class research and technical leadership matched with deep investment and global scale. This means our teams are uniquely positioned to work on some of the most challenging problems out there—and to apply that work to building real products that solve real problems.

Throughout our company’s history, we’ve experienced the benefits of an open source approach when innovating in other areas of the business. Our engineers developed and shared frameworks that are now industry standards — like React, a leading framework for making web and mobile applications, and PyTorch, which is now the leading framework for AI. These became commonly used infrastructure for the entire technology industry. We believe that collaborations like the one with the Ministry of Electronics and Information Technology, Government of India will be a significant step forward in supporting the development of helpful and safer generative AI too.

Bangalore : Wockhardt Ltd – global pharmaceutical and biotechnology is aiming to turnaround its business operations and has perused important strategic initiatives for the same. Company is eying big on the restructuring of the US Business, vaccine tie-up with Serum for vaccine manufacturing in UK and Novel Antibiotics research to drive the business forward. For the Q4FY23, company posted strong operational performance with 7% Y-o-Y growth in revenue with three fold jump in the EBITDA to Rs. 47 crore.

In the restructuring of its US operations, company is shutting down its manufacturing facility at Morton Grove and transferring the site to contract manufacturing organisations. This restructuring is estimated to result in annual savings of ~US$ 12 Mn. Post restructuring company looks to maintain sales with a 40 percent gross margin and manufacture few products with higher margin through a third party.

Additionally, in March 2022, company had signed a 51:49 (Wockhardt 51 and Serum 49) Joint Venture with Serum Institute of India for manufacturing vaccines at its UK facility. As contribution for reserving capacity, Wockhardt has received a consideration of 10 million Pounds. The contract with Serum is for 150 million doses across 15 years and it has already identified two vaccines for the same. Company plans on manufacturing these vaccines post regulatory approvals and exhibit batches over the next 8-12 months.

Wockhardt is a leading R&D company and have comprehensive end to end drug discovery programs in Antibiotics. Six of the company’s programs have been granted Qualified Infectious Disease Product (QIDP) status by the USFDA. Company’s novel antibiotic – Emrok, which is already being marketed in India is expected to win approvals in eight other emerging markets in the next six to nine months. The flagship novel antibiotic – WCK 5222 is currently under global phase III clinical trials, which are expected to complete in the next 15-18 months. The company expects to market the product in the US, China, and India by 2025.

Wockhardt is a global pharmaceutical and biotechnology organisation, providing affordable, high-quality medicines for a healthier world. It is India’s leading research-based global healthcare enterprise with relevance in the fields of Pharmaceuticals, Biotechnology and a chain of advanced Super Speciality Hospitals. Company has 3 research centres and 12 manufacturing plants, with businesses ranging from the manufacture and marketing of Pharmaceutical and Bio-pharmaceutical formulations, Active Pharmaceutical Ingredients (APIs) and Vaccines.

The company has reported improvement in the operation and financial performance over the period of time and also managed to bring down its long-term external debt to Rs 608 crore from Rs 3,218 crore in financial year 2017. For Q4FY23, company reported 7% growth in revenues to Rs. 710 crore with EBITDA rise 3-fold to Rs. 47 crore

Recently, CARE Ratings Limited (CARE Ratings) have assigned a rating of CARE BBB- to the Company and reaffirmed the ratings of CARE BBB- (Triple B Minus) for the Long/Short Term Bank Facilities and Non-Convertible Debentures of the Company. The reaffirmation and revision in outlook factors in the strong operational profile and experienced promoters along with healthy liquidity maintained by the Group.

The changes, which are subject to regulatory approvals, are planned as follows:

Chennai

Scoot will commence daily services between Singapore and Chennai from 5 November 2023, while SIA will go to a twice daily service between the two cities from 29 October 2023. As a result, the SIA Group’s operations between Singapore and Chennai will increase from 17-times weekly to 21-times weekly. SIA will operate its Airbus A350-900, Boeing 737-8, and Boeing 787-10 aircraft on its Chennai routes, while Scoot will operate its Airbus A320 aircraft. This transfer of services will reintroduce Scoot to Chennai after a three-year hiatus, and offer additional options for customers on this important route.

Hyderabad

SIA will take over Scoot’s daily services between Singapore and Hyderabad from 29 October 2023, and progressively increase its frequencies between the cities from seven-times weekly to 12-times weekly. The new five-times weekly morning services will be operated by SIA’s Boeing 737-8s, offering more options for passengers travelling from Hyderabad to and beyond Singapore.  The daily night services will be operated by SIA’s Airbus A350s.  As a result, Hyderabad will be entirely served by SIA’s full-service product.

Bengaluru

SIA will operate twice daily flights between Singapore and Bengaluru from 29 October 2023 using its Airbus A350s on all days except Thursdays and Sundays, where the morning flight will be operated by the Boeing 737-8. SIA will discontinue its thrice-weekly SQ512 and SQ513 Airbus 350 services. As a result, the Airline will operate 14-times weekly instead of the current 16 times a week, offering customers better connectivity from Bengaluru to key destinations in the network.

Details on the flight schedules can be found in Annexe A.

Mr. Sy Yen Chen, General Manager India, Singapore Airlines, said: “The SIA Group is committed to India, and is able to offer customers our industry-leading products and services to even more cities across this key market. This restructuring of our services to Bengaluru, Chennai, and Hyderabad reflects the strength of the SIA Group’s portfolio of airlines. This gives us the flexibility to adjust our services when necessary so as to offer more options to our customers, and connect them to our wider Group network.”

Mr. Brian Torrey, General Manager India, Scoot, added, “The reintroduction of Scoot’s operations in Chennai aligns with our Group’s network strategy to optimise resources and to better match capacity with demand. India has always been an important market for us. By including Chennai in our route network, we can now connect and serve individuals and families to the capital city of Tamil Nadu, the southernmost state of India. We are thrilled to relaunch our Chennai flights and look forward to welcoming our value customers on board our expanded network in the near future.”

Customers with existing bookings for travel from 29 October 2023 will be re-accommodated on SIA or Scoot flights as appropriate. SIA and Scoot’s customer service teams will progressively reach out to affected customers to assist with the re-accommodation or refund, where applicable.

SIA will operate 96-weekly flights to and from eight Indian cities, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kochi, Kolkata, and Mumbai, while Scoot will operate 44-weekly flights to and from six Indian cities, namely Amritsar, Chennai, Coimbatore, Thiruvananthapuram, Tiruchirapalli, and Visakhapatnam.

All times stated in this news release and annexe are local. Tickets will be available for sale progressively through SIA and Scoot’s various distribution channels.

Bhubaneswar – LEAD, India’s largest School Edtech company, today announced its plans to foray into the low-fee school segment in India, propelling a new era of educational excellence in underserved schools across ‘Bharat’. LEAD’s decision to expand into the low-fee school segment in India is underpinned by deep understanding and insights gained from over a decade of operations as India’s leading School Edtech, and its mission to serve 25 million+ students and 60k+ schools by 2028. With this strategic move, LEAD is now India’s fastest growing School Edtech company, and is well-positioned to serve all segments of schools, ranging from low-fee schools in Tier 3 – 4 towns and villages, to medium-fee and premier schools in its metros and large cities.
Earlier in 2023, LEAD completed its acquisition of the local K-12 learning business of Pearson India. With this acquisition, LEAD now has the largest portfolio of School Edtech products and services to better serve the learning needs of the entire spectrum of 5 lakh+ private schools in India.
Sumeet Mehta, Co-founder and CEO, LEAD, said, “Survey after survey has said that Indian schools are mostly low-fee schools who can’t afford expensive, innovative solutions. So, we’ve got to design solutions for the low-fee schools so that every child can access an excellent education. With this latest innovation, LEAD now has a solution that will serve the needs of over 1 lakh schools in India.”
Comprising more than 100,000 institutions, India’s low-fee school segment is concentrated in its small towns and villages, and represents a key opportunity to shape its future educational outcomes. Recent analysis of India’s School Edtech sector indicates that schools across segments are poised for rapid transformation and digitization, underpinned by the National Education Policy (NEP) 2020 guidelines that mandate multimodal teaching-learning in schools; rising data penetration; and accelerated digital adoption due to Covid.
LEAD’s Integrated School Edtech system is aligned with NEP 2020 and includes customized, AI-enabled offerings for all segments of schools. LEAD’s holistic approach to education includes a Teacher Capability System to empower every teacher with internationally benchmarked tools and resources; Smart Class solutions to transform traditional classrooms into digitally-enabled, multi-modal teaching-learning spaces; an Integrated Curriculum to boost student learning and confidence; and Smart School systems to streamline administrative tasks, enhance operational efficiency and provide actionable data insights to schools. With LEAD, schools are able to derive all the benefits of improved academic performance and admissions. Students are able to gain deep conceptual understanding of subjects; and build critical 21st century skills such as Communication, Collaboration and Critical Thinking. In the 2023 Class 10 board exams, the percentage of LEAD students who scored greater than 90% was double that of the national average.
LEAD’s entry into the low-fee school segment marks a paradigm shift in India’s education landscape, promising to unlock the potential of students, schools and communities. Through its transformative offerings and unwavering commitment, LEAD is reshaping education in Bharat and is paving the way for a brighter, more confident future.

Kathmandu: Ambassador Naveen Srivastava inaugurated newly curated Digital, Hindi & India Corners at the historic #NepalBharat Library, Kathmandu established in 1956. He encouraged students of to utilise over 65000 books & online journals in a quiet & welcoming environment to pursue their dreams

The event was attended by representatives from Nepal Airlines Corporation, universities, think tanks and students, and members of the library.

ISRO successfully launched a 642-tonne heavy lift rocket LVM3 carrying Chandrayaan – 3 satellites from Sriharikota today. India’s yet another historical mission to the moon began today noon after the completion of the three stages.

Minister of State for Science and Technology, Dr. Jitendra Singh and former Chairpersons of ISRO witnessed the launch from the Control Centre ISRO. Apart from the scientists and their families, hundreds of registered onlookers outside the campus to witness the mission to the moon whistled and clapped even as the rocket took to the skies. More than 200 journalists from all over the Country and international media gathered at the venue to witness the launch from the Media Centre ISRO also joined the celebration with thunderous applause. All three stages performed exactly in textbook style. The first stage powered by solid fuel followed by liquid fuel and the third and final cryogenic stage powered by liquid hydrogen and liquid oxygen performed in a perfect automatic launch sequence.

The rocket blasted off exactly at 2. 35 hours and 17 seconds from the second launch pad of the Sathish Dhawan Space Centre.ISRO had about 54 lady engineers and scientists who worked directly in the Chandrayaan-3 mission. They are associate and deputy project directors and project managers of various systems working at different centres. The common thread that runs between Chandrayaan-2 and Chandrayaan-3 missions is the soft landing of the lander on the lunar soil and the rover doing some chemical experiments. However, there are differences in the lander specifications, payload experiments and others between the two missions. The mission director is Mohan Kumar, the Vehicle/Rocket Director is Biju C. Thomas and the Spacecraft Director is Dr P. Veeramuthuvel.

The propulsion module has a payload to study the precise metric measurements of Earth from the lunar surface. The lander payloads are to measure the thermal conductivity and temperature, and also take the exact data to measure the seismicity around the landing site. A passive laser retro-reflector array from NASA is accommodated for lunar laser ranging studies. The rover will carry two small devices to derive the elemental composition of the landing site.

The relevance of Azure in today’s technology landscape cannot be overstated. As businesses increasingly migrate to the cloud, Azure has emerged as a leading cloud infrastructure platform, providing a wide range of services and solutions to meet diverse business needs. Organizations that use Azure gain scalability, agility, and cost-efficiency, enabling them to accelerate innovation and drive digital transformation. The rapid adoption of Azure has created a significant demand for professionals skilled in Azure technologies. These skilling programs aligned to Azure certifications are designed for professionals aspiring to build a career in Cloud Computing and wanting to gain technical skills in Azure-based solutions.

As part of this relationship, Great Learning will initially deliver three Microsoft Certification aligned skilling programs, with plans to expand the offering to include seven more programs throughout the year. Launching immediately are the Azure Fundamentals, Azure Administrator,(as a bolt on with the Great Learning Cloud Computing program) and Power BI Data Analyst programs. The Microsoft Azure Administrator certification is relevant for mid-level professionals in the IT and cloud domain and will provide them with a comprehensive understanding of Azure infrastructure and management tools. Power BI Data Analyst, is designed for young graduates who want to kick start their career in Data Analytics.

Sharing his views about the collaboration, Mohan Lakhamraju, Founder & CEO, Great Learning said, ” We are thrilled to join forces with Microsoft to provide our learners with access to world-class training aligned to Microsoft Certifications. Microsoft Azure is a prominent cloud infrastructure platform, revolutionizing the way businesses operate. However, there is a noticeable dearth of professionals equipped with the necessary skills to effectively leverage the capabilities of Azure. This collaboration will enable professionals at various stages of their careers to get these highly relevant skills and stay ahead in today’s competitive job market.”

Geoffrey Hirsch, Microsoft Senior Director, Worldwide Learning said, “Great Learning’s expertise in professional training aligns to our goal to enable individuals to enhance their skill sets and pursue rewarding careers in the technology industry.  We are pleased about this collaboration and the opportunity to offer specialized technical skilling through Great Learning that helps individuals prepare for Microsoft Certifications.”

These certification-aligned programs will be delivered in a unique way under this collaboration. Learners will learn the Microsoft certified content over six weeks with weekly mentorship sessions with Great Learning’s expert mentors. They will also have a dedicated program manager to assist and address any challenges faced during the course of the programs. Through this journey, they will also receive exam focused simulations and mock tests to prepare them for the certification exam.  Upon completion of the program, learners will also obtain certification vouchers to cover the cost of the corresponding certification exam fee.

With the global Agri commodities trade exceeding US$3 Trillion annually, Hectar Global aims to be at the forefront of the digital transformation in the industry. The company’s platform digitizes complex cross-border supply chain processes, making them more efficient, transparent, and sustainable. It leverages advanced data models and machine learning algorithms to provide real-time market information and actionable insights, helping customers plan their purchases to maximize profits.

Mr. Kshitij Golwalkar, General Partner at Powerhouse Ventures said, “Trading in Agri commodities requires deep domain expertise, given the inherent complexities in product qualities, price fluctuations, documentation, and freight. We feel that the team’s experience in cross-border trade and their ability to build technology products holds them in good stead to create significant impact in this industry.”

“While we are enamoured by the opportunity, as the market size is obviously large and there is no company effectively leveraging tech yet, our commitment to Hectar was primarily driven by the passion & execution demonstrated by the founding team. We believe there’s a definitive founder-market fit here” added Rohit Krishna, GP at WEH Ventures.

“We have maintained a strong emphasis on operating profitably right from our inception. Our internal accruals have taken care of all operating expenses so far and we are primarily viewing this capital infusion, and future equity rounds, to rapidly expand into new geographies, and strengthening our digital infrastructure.” said Mr. Srinath Srinivasan, CEO of Hectar Global.

The company currently has offices in Chennai, Singapore, Dubai, Bangladesh, and Sri Lanka and has shipped over 50,000MTs of Agri commodities to Asia, Middle East and Africa.