Category — Education

Hyundai Inaugurates India Quality Center

South Korean auto major Hyundai opened an India Quality Center with an aim to play a bigger role in new product development for domestic and international markets. This center is one of five such facilities worldwide after the U.S., Europe, China and the Middle East.

Hyundai Motor India Ltd., managing director and CEO Y. K. Koo said that this move was part of their “long term strategy to benchmark quality products for India and global markets.” Located at Faridabad in the northern state of Haryana, the center will conduct durability studies of existing models and benchmark parts and systems for constant improvement. It will also “contribute in new car development from pilot stage to create quality products with zero defect,” Koo added.

CEO Y.K.Koo

The company has provided for a training center at the same facility which will have a body and paint training unit. This is the first time that the company has introduced such a feature at its skill training centers, reports IndiaToday.

June 8, 2017   No Comments

Airbus Sets Up Asia’s First Greenfield Training Center in Delhi

Toulouse, France-based Airbus is setting up the Airbus India Training Center, a greenfield training facility at Aerocity, New Delhi, to support India’s growing need for Airbus pilots and maintenance engineers. The 75,347 square foot facility will be built in modules to become operational by the end of 2018 with two A320 full flight simulators, increasing to four and potentially to six simulators at the right time.

India is the fastest growing domestic aviation market in the world and is expected to grow at an annualized 9.3 percent over the next 20 years, outpacing the world average of 4.6 percent. The number of trips per capita in India is expected to increase four times by 2035. Airbus forecasts a requirement for at least 1,600 new passenger and freight aircraft by this period, requiring over 24,000 new pilots and maintenance engineers, reports the Media India Group.

Airbus Training Center in India pictograph

Tom Enders, CEO, Airbus said, “We have only scratched the surface when it comes to the growth of civil aviation in India. This training center will be the first such facility fully owned by us in Asia. It is a symbol of our enduring partnership with this country.”

June 8, 2017   No Comments

Walmart India Trains Supplier Partners in GST Compliance

Walmart India has started a series of workshops for its supplier partners to help them evaluate their Goods and Services Tax compliance levels and prepare for the transition to the new tax structure to be rolled out from July 1. Tax rates have been finalized for 1,211 items with a majority of items listed under the 18 percent slab.

GST is not just a tax reform, it is a whole new way of doing business. With its impending implementation, it is imperative for all businesses, large and small, to get ready to embark on the GST adoption journey,” said Krish Iyer, president and CEO of Walmart India.

Taxes“These workshops are expected to educate them [supplier partners] and accelerate their preparation by providing them with a platform to answer queries and concerns. With the customer at the heart of everything we do, this initiative will ultimately lead to a positive impact on the customer as we emerge with a streamlined process both at the back-end and the front-end,” Iyer added, reports the Economic Times.

May 29, 2017   No Comments

NBA Launches Academy in India

The National Basketball Association (NBA) announced the opening of the NBA Academy India, basketball training center, the first of its kind in the country, at Jaypee Greens Integrated Sports Complex in Delhi National Capital Region for the top male and female prospects from throughout India.

Twenty-one elite male prospects, who were selected following a three-month, nationwide basketball talent search, will receive scholarships and training at this academy. Three experienced coaches have been selected to guide the development of the players here: Ray Farrell, who will serve as Technical Director and will oversee all aspects of on-court and off-court development; Jacques Vandescure, will serve as the Player Development Coach; and  Todd Gates, will serve as the Strength and Conditioning Coach.  WNBA Legend Jennifer Azzi will be the Technical Director of the girls program at the academy.

Playing basketball

NBA deputy commissioner Mark Tatum told ESPN, ” “Look, clearly cricket is the No. 1 sport here in India, so the cultural challenge is that growing up, basketball wasn’t necessarily taught and played at the youth level. But we are actually investing a ton into making sure that more kids are being given the opportunity to play basketball, particularly in school.”

May 16, 2017   No Comments

Impact Investor Acumen To Raise India-Dedicated Fund

Headquartered in New York City, global impact investor Acumen is planning to launch an India-dedicated fund, as the investor plans on raising funds from India.

The company was incorporated in 2001 by Jacqueline Novogratz, with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and individual philanthropists. Acumen’s work in India spans four sectors—healthcare, education, clean energy and agriculture.

Acumen Logo

Ajit Mahadevan, India director at Acumen said, “Across the four sectors we work in, we will look at these two enabling themes [technology and financing], because on the back of that you can create accelerated impact. All our education companies have a technology element. In agriculture, the focus is on access to markets using technology,”  The impact investor is exploring new avenues such as student and school financing, health insurance and MSME debt financing, reports Livemint.

“Acumen has invested over $100 million globally and the largest country is India. About a third of that has been invested in India, around $32 million, making us the largest non-microfinance investor in our sectors,” added Mahadevan.

April 9, 2017   No Comments