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SINGAPORE - Media OutReach Newswire - 6 September 2024 - ST Telemedia Global Data Centres (STT GDC), one of the world's fastest-growing data centre colocation services provider headquartered in Singapore, today announced a significant investment of US$3.2 billion (INR 26,000 crores) to expand its data centre capacity in India by a substantial 550MW, nearly tripling the company's IT load capacity to meet the demands of India's thriving digital economy, over the next 5-6 years. This strategic investment reflects STT GDC's confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of AI applications. This investment also further solidifies our market leadership in India, where we already command about 28% of market share by revenue. STT GDC India is majority-owned by STT GDC in partnership with Tata Communications Ltd, which holds a minority stake in the company. STT GDC India's portfolio consists of 28 data centres across 10 cities throughout India. Today, its data centre portfolio has a total combined capacity of over 318MW of IT load, with a well-diversified portfolio of about 1,000 enterprise customers that include many Fortune 500 companies. More recently, STT GDC India was recognised as a Great Place to Work for the fifth consecutive year, as well as one of the Best Places to Work in Asia. "As we celebrate STT GDC's 10th anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and the future of one of STT GDC's strategic and fastest growing markets globally. Prime Minister Modi's vision for Digital India has paved the way for opportunity; today the India digital economy's growth rate of almost three times overall GDP growth is putting the country on pace to achieve a US$1 trillion digital economy by 2027-20281. At STT GDC, we want to play an active role in co-investing and contributing to India's long-term success by investing in the foundational digital infrastructure that will help further accelerate Digital India. We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India's digital transformation," said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. STT GDC, along with several other Singapore business leaders, participated in a Business Roundtable with Prime Minister Narendra Modi hosted by the Singapore Business Federation on 5 September 2024. ----- 1 India digital economy: India to be $1 trillion digital economy by FY28: IT minister Rajeev Chandrasekhar - The Economic Times (indiatimes.com) Hashtag: #STTelemediaGlobalDataCentres #STTGDC #EnablingOurDigitalFutureThe issuer is solely responsible for the content of this announcement.About ST Telemedia Global Data CentresST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/.
Teleperformance in India leverages the country's vast talent pool to offer offshore solutions for global brands and is the designated Center of Excellence (CoE) for digital CX services, back-office, and transformation solutions. SAN ANTONIO, Sept. 3, 2024 /PRNewswire/ -- Based on a recent assessment of the BPO Customer Service outsourcing market, Frost & Sullivan recognizes Teleperformance (TP) in India with the 2024 Best Practices Customer Value Leadership Award in the Asia-Pacific Customer Care Outsourcing industry. TP in India has over 90,000 employees and represents the largest multicultural team within Teleperformance. TP in India also offers advanced digital and technology solutions to empower the world's leading brands and provides world-class services to over 210 clients across a variety of industries. TP in India offers advanced digital and technology solutions to empower the world’s leading brands and provides world-class services to over 210 clients across a variety of industries. Michael DeSalles, Principal Analyst at Frost & Sullivan, noted, "In the banking and financial services industry, TP in India has demonstrated its capacity and experience by improving the customer experience (CX) with the use of robotic process automation (RPA)." TP in India employs several customer-facing processes that support new client acquisition while enhancing customer retention. Chief among them is TP Green Start, a benchmarking process used to measure the success rate of a new client acquisition. TP in India continues to build on a large portfolio of marquee clients that are the bedrock of a strong, long-standing and loyal client base. With its "digital first" approach, TP in India has helped its banking clients maintain a competitive edge and posture in the region's financial services industry. DeSalles adds, "TP in India has consistently exceeded its own expectations and outcomes across the board. Its High Tech, High Touch culture sets a new normal for the industry in the region." Each year, Frost & Sullivan presents Frost & Sullivan's Customer Value Leadership Award recognizes companies that offers products or services customers find superior for the overall price, performance, and quality. Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Frost & Sullivan Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: Tarini Singh P: +91 9953764546 E: tarini.singh@frost.com
NORWALK, Conn., Aug. 27, 2024 /PRNewswire/ -- GameChange Solar, a leading global supplier of solar tracking solutions for ground-mounted PV plants, announced that it has signed a tracker supply contract with Sterling and Wilson Renewable Energy Limited, one of the leading global pure-play, end-to-end renewable EPC solutions providers based in India. GameChange will supply its Genius Tracker™ solar trackers for a massive 750 MWp Solar PV Plant in the Khavda Solar Park, Gujarat, India. The Khavda Renewable Energy Park, slated to become the world's largest renewable energy plant with a capacity of 30 GW, spans a vast area of 538 sq km on barren land in Gujarat, and is a critical component of India's ambitious renewable energy goals. It supports the government's target of reaching at least 500 GW of non-fossil-fuel energy capacity, meeting 50% of its cumulative electric power installed capacity from renewable energy sources and reducing carbon emissions by 45% by 2030. "We are very thankful to Sterling & Wilson for their continued partnership and trust in our products and team as we reach a new milestone of 1 GW of projects together across three continents," said Vikas Bansal, President, International, at GameChange Solar. "This is one of our largest tracker installation projects outside of the U.S., showcasing our rapidly expanding global footprint." For more information about GameChange Solar and its Genius Tracker system, please visit www.gamechangesolar.com. About GameChange Solar GameChange is the third largest global provider of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 35 GW of solar tracker and fixed tilt systems that combine fast installation, bankable quality, and unbeatable value through superior engineering, innovative design, and high-volume manufacturing. Our products enable solar panels at power plants to follow the sun's movement across the sky and optimize plant performance while also protecting the array from damaging weather conditions. For more information, please visit GameChange Solar. Contact: Lisa AndrewsDirector of MarketingGameChange Solarlisa.andrews@gamechangesolar.com
SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- The judiciaries of Singapore and India discussed the impact of environmental, social and governance issues on the liability of companies and their directors, and the issues arising from the use of artificial intelligence (AI) and AI-generated material at the Second Annual India-Singapore Judicial Roundtable held on 23 August 2024 in New Delhi, India. Chief Justice Sundaresh Menon and Justice See Kee Oon at the second annual India-Singapore Judicial Roundtable held in New Delhi, India The Honourable the Chief Justice Sundaresh Menon led the delegation from the Supreme Court of Singapore to New Delhi, India. The inaugural Roundtable was hosted by Singapore on 9 September 2023 and serves as a platform for the exchange of knowledge, discussion of mutual areas of interest, and advancement of cooperation and collaboration between the two judiciaries annually. Justice M. M. Sundresh from the Indian judiciary presented insights on the environmental, social and governance issues that have emerged because of climate change, and how these have impacted the liability of companies and their directors, in the context of insolvency and restructuring. Singapore's response was articulated by Justice See Kee Oon. The second topic of the Roundtable was led by the Singapore judiciary which covered the attribution of legal responsibility for harms caused by AI and the legal status of AI-generated material. Singapore's paper was presented by Justice Philip Jeyaretnam, with Justice A. Muhamed Mustaque offering a response from the Indian judiciary. Chief Justice Menon said at the opening of the Roundtable, "The annual Roundtable afforded us a valuable platform for discussions on topics of mutual interest, in particular, issues relating to AI and climate change. These are important and timely topics which represent some of the most critical challenges that impact all of humanity today, and which have already given rise to new and often complex legal issues that transcend jurisdictional boundaries. The event underscores the ongoing commitment of both Singapore and India to deepen our judicial cooperation and to strengthen the rule of law in an increasingly interconnected world. I look forward to many more of such collaborations between our two judiciaries and I extend my deepest appreciation to Chief Justice Chandrachud for graciously hosting this second roundtable." For more details of the Roundtable, visit News and speeches (judiciary.gov.sg)
FID for one of the world's largest green ammonia projects. Targets for 1 million tons annually by 2026, with a long-term goal of 5 million tons by 2030. Partners with John Cockerill for advanced pressurized alkaline electrolyzers (1.3 GW), ensuring lowest-cost green molecules through round-the-clock renewable energy (RE-RTC). Majority of production will be exported to Europe, supporting green hydrogen goals in both India and Europe, and aiding global decarbonization. HYDERABAD, India, Aug. 27, 2024 /PRNewswire/ -- AM Green Ammonia B.V. ("Company") has achieved Final Investment Decision (FID) for its first million-ton green ammonia project located in Kakinada, Andhra Pradesh, India. FID for this project kick starts the Company's target production capacity of 5 million tons per annum (MTPA) of green ammonia by 2030 - equivalent to about 1 MTPA of green hydrogen. The Company, in addition to its founders, has Gentari and GIC as its shareholders. Ammonia Production Facility and Port Infrastructure on East Coast of India The total project spend for the plant will include a green hydrogen generation unit and it's subsequent conversion to green ammonia, along with all associated balance of plant and infrastructure. This project will be located at an existing urea plant in Kakinada, which the Company acquired earlier this year and forms part of the above capex spend. It plans to convert this facility into a green ammonia producing unit, which will commence production in the second half of 2026. The Kakinada facility has been pre-certified by CertifHy as complying with the EU RFNBO requirements for green ammonia, including additionality and hourly matching of renewables. Most of the production from this facility will be exported to European markets. The Company has already executed offtake term sheets for this project with major players such as Uniper, Yara, Keppel and others for intended end use in a range of green hydrogen applications. The Company has secured the required 1300 MW round-the-clock carbon-free power enabled through 4500 MW solar & wind hybrid capacity in combination with 950 MW of PSP capacity. A 25-year fixed-price power purchase agreement (PPA) with NTPC, covering half of the above, is already in place. The remaining capacity is expected to be supplied by Gentari. The Company has unique access to gigawatt-scale pump storage projects and a manufacturing partnership for electrolysers with John Cockerill of 2GW scale. These reliable, state of the art pressurized alkaline electrolyzers are envisioned to be deployed for this project. Leveraging these capabilities provides solutions for the renewable intermittency issues and allows for up to 90% utilization of electrolyzers deployed, making this one of the most innovative and cost-efficient green ammonia projects globally. In addition to the Kakinada project, the Company is also focused on the production of green ammonia across multiple locations in India to achieve its planned 5 MTPA of green ammonia capacity by 2030, which is expected to accelerate efforts to achieve net zero targets in India as well as in OECD markets. This will be equivalent to about 1 MTPA of green hydrogen, representing a fifth of India's target for green hydrogen production under the country's National Green Hydrogen Mission and 10 per cent of Europe's target for green hydrogen imports by 20301. Anil Chalamalasetty, Founder, Greenko Group & AM Green said: "The FID status achieved by our Kakinada plant underscores our commitment to providing carbon-free energy solutions globally while meeting the highest standards like EU RFNBO norms. This is a significant milestone for AM Green as it reinforces our position as a leading energy transition solutions platform helping to decarbonize industries like refineries, shipping, fertilizers, power generation, chemicals and others through low-cost green molecules and its derivatives." About AM Green Group: AM Green, incorporated by the founders of Hyderabad-based Greenko Group, Anil Chalamalasetty and Mahesh Kolli, is one of India's leading energy transition solutions providers. AM Green is leveraging a track record of entrepreneurship in pioneering new technologies and pathways to shape the future of energy. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world. In India, AM Green is developing production capabilities for green molecules (green hydrogen, green ammonia, biofuels, e-methanol, sustainable aviation fuels and various downstream high value chemicals) for decarbonization in hard-to-abate industries. The venture will also set up an international renewables and storage business and a JV for making electrolyzers with John Cockerill of Belgium. ContactMr Suheil ImtiazSr Manager, Public Affairs & Strategic CommunicationsEmail: suheil.m@amgreen.comMobile: + 91 94401 59289 1 https://gh2.org/countries/india
Emerging toy market with enormous growth potential Great support from exhibitors and visitors NUREMBERG, Germany, Aug. 26, 2024 /PRNewswire/ -- It is the leading B2B trade fair for the Indian toy industry: Kids India. The event, which will be held from 12 to 14 September at the ultra-modern Jio World Convention Centre in Mumbai, has a special presence. Not only is it celebrating its tenth birthday, but it is also taking place at the perfect time – all the signs around the Indian industry are pointing to growth. Kids India is organised by Spielwarenmesse India Pvt. Ltd., a subsidiary of the world market leader Spielwarenmesse eG, and the Indo-German Chamber of Commerce, and is supported by other strong partners. As India's largest toy fair, the 10th Kids India in Mumbai from September 12 to 14 offers all participants a wide range of networking opportunities High market relevance"We launched the event in 2013 recognizing the immense potential of the Indian market and the demand for a world-class trade show", explains Christian Ulrich, Spokesperson of the Executive Board at Spielwarenmesse eG. Over the past decade, Kids India has attracted top brands, including global giants like Hasbro, Disney and Mattel. The exhibitors will once again be presenting a wide range of products – from educational STEM toys (on the topics of science, technology, engineering and mathematics) and board games to traditional wooden toys, plush toys, cutting-edge innovations, stationery, creative articles, baby products, licensed products and sports goods. "Kids India has always been a pivotal platform for Indian manufacturers to showcase their innovative products and connect with key players in the industry", says Manish Kukreja, President of The All India Toy Manufacturers' Association (TAITMA). With India's toy market projected to grow at a CAGR of 15% over the next five years, he believes this event is crucial in driving that growth and enhancing its global presence. The huge increase is due to various government initiatives to boost exports and strengthen the domestic market. Vivek Jhangiani, Director TAITMA, Director ICTI (International Council of Toy Industries) and Chairperson of the FICCI (Federation of Indian Chambers of Commerce & Industry) Toy Committee, adds: "This year, as Kids India continues to set the standard for excellence in quality and innovation, we are proud to stand behind an event that not only promotes the highest standards but also supports the growth of both established brands and emerging start-ups. We look forward to another successful edition that will undoubtedly drive forward the future of our industry." Key platformMajor associations such as the Sports Goods Export Promotion Council (SGEPC) and TAITMA – the leading association of Indian toy manufacturers – are behind the event. The fair is also endorsed by the Ministry of Small & Medium Enterprises (MSME), providing added benefits to participating companies. Last year's fair welcomed 160 exhibitors and over 5,000 high-quality trade visitors from 35 countries. With confirmations from hundreds of international buyers and leading retailers, including lead sourcing teams from Walmart, Toys 'R' Us, Amazon, Flipkart, DMart, Firstcry, and Hamleys, Kids India is poised to provide invaluable exposure for the Indian toy industry, helping local companies break into global markets and connect with previously inaccessible buyers. The fair also features a high-quality conference programme, addressing critical topics such as the challenges faced by toy manufacturers in India and strategies to boost exports and achieve international distribution. "With the marketing expertise of Spielwarenmesse, which has over 70 years of successful presence in the toy industry, Kids India is your gateway to the world's biggest toy network", says Christian Ulrich in conclusion. The 'Hosted Buyers Program' enables interested international visitors to experience the trade fair live in a timely and cost-effective manner: The SGEPC will reimburse flight costs for those travelling on 11 September. The package also includes two nights' accommodation in a 5-star hotel in Mumbai. The application form for this limited offer is available on the Kids India website. Spielwarenmesse India Pvt. Ltd.On 1 April 2016, Spielwarenmesse eG opened Spielwarenmesse India Pvt. Ltd. in New Delhi, a subsidiary in one of the world's most important growth markets. The company is responsible for organising the trade fair called Kids India, held annually in Mumbai since 2013. Spielwarenmesse eGThe multifaceted positioning and international orientation of Spielwarenmesse eG is representative of the toy sector and other consumer goods markets. With its legal structure as a cooperative, the business is unique among trade fair companies and is highly successful. Its 60-member team operates from the 'ToyCity' of Nuremberg and is supported by representatives in over 100 countries. Its portfolio includes two major global fairs: the Spielwarenmesse in Nuremberg is the lead international event for the B2B sector, as is SPIEL in Essen for the B2C field. To these can be added Kids India in Mumbai and the World of Toys by Spielwarenmesse trade fair programme, which opens up new markets for manufacturers through joint activities in Hong Kong, Tokyo and New York. The Company's own subsidiaries in the key locations of China and India ensure that appropriate expertise is available locally. With its accumulated knowledge and global network, the trade fair producer is becoming an ever stronger initiator and groundbreaker in the industry's issues and trends. The most recent example of this is BRANDmate in Offenbach, which casts an unconventional and future-directed spotlight on the topic of licensing and partnerships. With its combination of events and online activities, Spielwarenmesse eG (www.spielwarenmesse-eg.de) is active all year round.
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