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INOXAP's first Green Hydrogen Plant, with 190 TPA capacity, would supply 95 TPA Green Hydrogen to AIS in Phase-1 Slated to get commissioned by July 24, the Green Hydrogen Plant will be powered by solar power This will be India's first Green Hydrogen Plant for the Float Glass industry, paving way for sustainability in glass production The project would reduce carbon emissions by around 1250 MT annually and 25000 MT over the 20-year period MUMBAI, India, May 10, 2024 /PRNewswire/ -- Asahi India Glass Limited (AIS), India's leading glass manufacturer, and INOX Air Products (INOXAP), India's largest manufacturer of industrial and medical gases, have entered into a 20-year offtake agreement for supply of Green Hydrogen, to AIS' greenfield float glass facility in Soniyana in Chittorgarh, Rajasthan. This will be India's first-ever Green Hydrogen Plant for the Float Glass industry, paving the way for sustainable glass production. The Plant will have the capacity to generate up to 190 Tons of Green Hydrogen per Annum through the electrolysis process. Slated to be commissioned by July 2024, the plant will be powered by solar energy. INOX Air Products & Asahi India Glass Limited INOXAP is responsible for the design, engineering, installation, operations and a continuous supply of Green Hydrogen to the AIS facility for 20 years. In the first phase, 95 TPA Green Hydrogen will be supplied to AIS. As a part of the agreement, AIS will invest in the solar power plant, which would supply renewable energy for the generation of Green Hydrogen, which would be consumed in AIS' float glass manufacturing process. Speaking on the occasion, Rupinder Shelly, COO-Architectural Glass, Asahi India Glass Ltd, said, "As a leading and responsible glass company, AIS is a strong believer in sustainability. Our partnership with INOX Air Products, for Green Hydrogen underlines the same belief. It is a matter of immense pride that AIS' Soniyana Float Glass facility will be the first-ever plant in the Float Glass industry in India to be powered by Green Hydrogen. AIS continues to invest in and build capabilities in Sustainability, Circularity, and De-carbonization. Our greenfield plant at Soniyana targets to use 94% of its power requirements through green and sustainable energy sources. In addition to investment in solar power, AIS is investing to generate electricity from flue gases before releasing through chimney. This pioneering initiative not only exemplifies our shared vision for a greener future but also reinforces India's position as a global leader in renewable energy adoption." AIS is setting up a greenfield project in Chittorgarh, Rajasthan for manufacturing high-quality float glass to be used for automotive and architectural purposes with technology collaboration from its partners - AGC Europe. The agreement with INOX Air Products for setting up a Green Hydrogen plant for this project is a part of AIS' overall sustainability strategy and is inspired by their vision to reduce carbon footprint in the glass manufacturing process. Commenting on the development, Siddharth Jain, Managing Director – INOX Air Products, stated, "We are proud to begin our Green Hydrogen journey as we partner with AIS for their Chittorgarh facility and giving shape to our first Green Hydrogen Plant as well as India's first-ever Green Hydrogen plant for the Float Glass sector. This development would substantially reduce CO2 emissions with a reduction of 1250 MTPA. The trust shown by AIS in our capabilities is a testament to our expertise in safety, technology and project management. Green Hydrogen will play a pivotal role in India's energy transition towards de-carbonization and secure energy for our country as well as the planet. Under the strong leadership of PM Modi, our country has laid tremendous focus on Green economy, supported by a comprehensive National Green Hydrogen Mission and an ambition to make India net-zero by 2070. Green Growth is the way forward, and we are firmly committed to driving significant sustainability in India's manufacturing sector." About INOX Air Products: INOX Air Products is the largest manufacturer of Industrial & Medical Gases in India. The company offers a unique portfolio of gases, equipment and services through a massive manufacturing capacity of 4200 TPD of liquid gases delivered from 48 operating locations. With our extensive network of operations, and a vastly diverse client ecosystem, INOX Air Products empowers more than 1800 small, medium and large manufacturing organizations across dozens of sectors, enabling and empowering them on their way to achieve their vision. In our glorious journey of more than half a century, we have made massive strides on all the metrics of our business operations, by our sheer reliance on our virtues of customer-centricity, transparency and delivering value through quality. We take pride in our 1400 strong workforce, working tirelessly across the country, unleashing the virtues of integrity and innovativeness, well complemented by their ready-to-serve spirit. Established in 1963 by the Jain Family as Industrial Oxygen Company Ltd in Pune, Maharashtra, the Company aimed to augment and capitalize upon the rapid industrialization taking place in the country. In 1999, Air Products & Chemicals Inc., USA acquired a 50% stake in the Company, giving birth to INOX Air Products. The venture remains till date, one of the longest Indo-American partnerships in the manufacturing sector. About Asahi India Glass Ltd (AIS) Asahi India Glass Ltd. (AIS) is India's leading integrated glass and window solutions company and a dominant player both in the automotive and architectural glass segments. It commands a majority share of more than 45% in the architectural value-added glass segment and over 74% share in the Indian passenger car glass segment. Started in 1987, AIS' footprint today spans the entire spectrum of the automotive and architectural glass value chains. Photo: https://mma.prnasia.com/media2/2409531/INOX_Air_Products__Asahi_India_Glass.jpg?p=medium600
Viettel is not a new entrant in this market any more KUALA LUMPUR, Malaysia, May 9, 2024 /PRNewswire/ -- Viettel High Technology Industries Corporation (Viettel High Tech) has inked another significant commercial contract to deliver a Private 5G System in the Indian market. United Telecoms Limited (UTL Group), a distinguished telecommunications corporation in India, with extensive expertise and the capability to research, manufacture, and deploy communication products, has joined forces with Viettel as their partner. Notably, UTL Group is the major provider of Indian government in communication sector with more than 60% market share of Indian national transmission network. Viettel enhances 5G presence in India with next contract win at DSA 2024. The signing of this contract serves as a testament to the competitiveness of Viettel High Tech products in the Indian market, which is known for its intense competition on a global scale. Furthermore, it establishes a gateway to tap into new customer segments, particularly government clients, by leveraging UTL's existing customer network. UTL presently operates in more than 60 countries and territories across various domains, including telecommunications, IT, R&D and e-Government. They hold a pioneering position in delivering mobile services in India and are recognized as the leader in utilizing technology to establish a digital government in the country. Dr. Raja Mohan Rao Potluri, Chairman of UTL Group, shared: "There is immense demand for 5G Private solutions in the Indian market, and we are committed to maintaining our leading position by delivering value to customers with Viettel comprehensive 5G connectivity solution". He highlighted Viettel's competitive edge lies in their collaborative approach, stating: "Viettel is open to cooperate with partners in all aspects, ranging from technical support services to manufacturing, and even in research and development activity". Mr. Nguyen Vu Ha, CEO of Viettel High Tech, emphasized: "With our position as the leading supplier of telecoms equipment in Vietnam, Viettel High Tech has the capability to deliver complete 5G solutions as well as wealth of experience and a proven track record in implementing large-scale telecoms projects. Viettel High Tech possesses the flexibility to tailor our solutions to meet customer requirements and leveraging our core technological expertise, we are fully prepared to embark on new international projects". Viettel is set to deliver the 5GP system to UTL within a remarkably short period of just 3 months, ensuring a seamless transfer process that can take place anytime and anywhere. The primary objective of Viettel is to swiftly provide a comprehensive solution, enabling UTL to seize market opportunities promptly and deliver services to customers in India and neighboring countries. Previously, Viettel took the lead in deploying the first complete 5G Private network in India, successfully handing it over to partners in December 2023, a mere 5 months after signing the service provision contract. Presently, this 5G Private system operates smoothly, fully meeting all requirements, and plays a pivotal role in driving the adoption of 5G products among enterprise customers. Media Contact: Le Thuy Mai - Director of Marketing, mailt@viettel.com.vn.
MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments. With this facility, the NRI customers of the Bank can make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE / NRO bank account held with ICICI Bank in India. The Bank has made this service available through its mobile banking app, iMobile Pay. Earlier, NRIs had to register an Indian mobile number with their banks to make UPI payments. To bring forth this facility, ICICI Bank has leveraged on the international infrastructure laid down by National Payments Corporation of India (NPCI) for convenient usage of UPI across countries. The Bank offers this facility across 10 countries namely USA, UK, UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia. NRI customers of the Bank can make UPI payments by scanning any Indian QR code, sending money to a UPI ID or any Indian mobile number or Indian bank account. Speaking on the initiative, Mr. Sidharatha Mishra, Head – Digital Channels and Partnerships, ICICI Bank said, "We are delighted to partner with NPCI to launch the UPI facility on international mobile number through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI. This launch reinforces our commitment to provide our NRI customers with innovative solutions, for them to have a safe, secure and hassle-free payment experience. We are witnessing a positive response from our NRI customers who have started using this facility. With this initiative, we intend to leverage on NPCI's UPI Infrastructure in strengthening and transforming the digital payments ecosystem globally." Below are easy steps to activate UPI facility on international mobile number using iMobile Pay: Step 1: Log in to iMobile Pay appStep 2: Click on 'UPI Payments'Step 3: Verify Mobile NumberStep 4: Click on Manage –> My ProfileStep 5: Create new UPI ID (select from the suggested options)Step 6: Select the Account Number -> Submit To know more visit https://www.icicibank.com/nri-banking/money_transfer/money2india/upi
The partnership will give global merchants easier access to India's 350 million consumers, the second-largest online shopping market in the world, which will be responsible for adding the majority of people to the consumer class in 2024. YES BANK and EBANX streamline cross-border transactions for global merchants, to offer compliant payment solutions tailored for the Indian market. The collaboration aims to drive digital inclusion and foster global trade. MUMBAI, India and CURITIBA, Brazil, May 7, 2024 /PRNewswire/ -- YES BANK, a leading private sector bank in India, and EBANX, a global fintech company specialized in payment solutions for emerging markets, announced today a strategic partnership for payment processing in India, for the global digital economy. This collaboration represents a significant milestone in the digital payments landscape, aimed at streamlining cross-border payment processing and enhancing global commerce opportunities for global merchants and Indian customers in India. This partnership will leverage EBANX's extensive global experience and proficiency in cross-border payments alongside YES BANK's digital prowess, to provide global merchants with seamless access to a suite of scalable payment solutions, crafted within an innovative business architecture framework and aligned with the latest regulatory guidelines. The entire proposition is meticulously tailored to suit the unique dynamics of the Indian market, by offering a comprehensive range of local payment methods, including Unified Payments Interface (UPI), cards issued across all locally available networks, sophisticated recurring payment transactions, along with mandate management services, thereby enabling merchants to tap into one of the world's most rapidly expanding economies and efficiently navigating its rapidly growing digital payments landscape. Mr. Ajay Rajan, Country Head - Multinational and International Business Transaction Banking, Government Banking and Knowledge Units, YES BANK, highlighted the strategic importance of this partnership, and said, "Teaming up with EBANX perfectly aligns with our vision to offer Indian customers and global merchants a broader spectrum of digital financial services that support the rapidly expanding global digital commerce business volumes. YES BANK views this partnership as a strategic step towards unlocking the India's payment acceptance capabilities for global merchants. By leveraging EBANX's global expertise and advanced technological solutions, we are poised to deliver scalable payment solutions tailored for the Indian market, ultimately fostering an environment conducive to digital inclusion and global trade into India." Ms. Paula Bellizia, President of Global Payments, EBANX, expressed excitement about the partnership, and said, "Our partnership with YES BANK is pioneering new pathways for global businesses to seamlessly integrate and thrive within the Indian market. By combining YES BANK's strong digital capabilities with our expertise in cross-border payments, we are set to revolutionize the way international merchants engage with Indian consumers. Instant, alternative payments have this transformational power in rising markets. Considering UPI's path in India thus far, and the Pix phenomenon in Brazil, it is expected that UPI will also impact cross-border digital commerce for good in India." The partnership announcement comes at a time when EBANX is actively working to reinforce its position in India, following its expansion announcement into Asia last year. India is the second-largest online shopping market, with 350 million people. As projected by the last Beyond Borders study, the world will see 109 million people being added to the consumer class this year, and India alone will be responsible for one-third of it. And yet, cross-border payments within the digital commerce space represent only 9% of the transactions (PCMI). This strategic partnership, combining technological innovation with regulatory compliance, is poised to create a ripple effect, benefiting not just the two entities but also the wider ecosystem of merchants, consumers, and the digital economy in India and beyond. Through innovative payment solutions and a customer-centric approach, YES BANK and EBANX are poised to lead the way in transforming cross-border commerce and driving economic growth in India and beyond. ABOUT YES BANK YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank. The Bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi. For more information, please visit the Bank's website:http://www.yesbank.in/ ABOUT EBANX EBANX is the leading payment platform connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of giving people access to buy in international digital commerce. With powerful proprietary technology and infrastructure, combined with in-depth knowledge of the markets where it operates, EBANX enables global businesses to connect with hundreds of payment methods in different countries in Latin America, Africa, and Asia. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients. For further information, please visit:Website: https://www.ebanx.com/en/LinkedIn: https://www.linkedin.com/company/ebanx Media Contact: Shan Huangshan.huang@ahgstrategies.com
New location will support supply chain resilience in Asia Pacific MILWAUKE, Wis., April 30, 2024 /PRNewswire/ -- Rockwell Automation (NYSE:ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced plans to open a new manufacturing facility in Chennai, India. The 98,000-square-foot facility—with space for potential expansion—will help Rockwell build a more resilient, agile, and sustainable supply chain in the Asia Pacific region and around the globe. India has the world's fifth-biggest and fastest-growing large economy. The country's economic policies will continue to have a significant impact on the global economy, particularly in the areas of trade, investment, and innovation. Rockwell is investing in India by expanding its manufacturing presence and building a new factory in Chennai. The facility will be located in the same industrial park as Rockwell's CUBIC manufacturing facility to help maximize supply chain resilience and create additional career opportunities for employees. "We selected this location because we can create synergies with our existing CUBIC facility and increase agility and productivity in the region," said Dilip Sawhney, Managing Director - India, Rockwell Automation. "We're excited about building our presence in India, optimizing our manufacturing on a global scale, and enhancing the future of industrial operations in this growing market." The facility in Chennai is expected to open in the first half of 2025 and will employ about 230 workers by the end of the year. About Rockwell Automation Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
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