India’s HCL Technologies to Provide IT for Volvo Ocean Race

The Volvo Ocean Race owned by Volvo Cars and the Volvo Group hosts a round-the-world yacht race once every three years. This race is often described as the longest and toughest professional sporting event in the world, sailing’s toughest team challenge, and one of the sport’s Big Three events, along with the Olympics and Americas Cup.

HCL Campus in Noida

Noida, India-based HCL Technolgies is the official IT services provider, developing and delivering IT solutions for the 2017-18 edition of the 45,000 nautical mile race around the world. The IT infrastructure will form the backbone of Volvo Ocean Race’s streaming and TV production, and  will include vital features such as inter-site connectivity at the race’s global stopovers, digital content delivery, mobile data centers and infrastructure with full redundancy, Wi-Fi networks, and multimedia facilities for media centers and race offices, reports the Economic Times.

Volvo Ocean Race CEO Mark Turner said, “The upcoming edition of the Volvo Ocean Race will be more digitally focused than ever before. Building the complex IT infrastructure that we use for this around the world is a huge challenge, and we’re confident that this partnership with HCL Technologies will allow us to provide fans, media and stakeholders with a more connected experience than ever before.”

March 22, 2017   No Comments

Blackstone Puts Big Money in Indian Real Estate

New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million.

Real Estate

With rising income levels of India’s consumers, Blackstone has started focusing on retail spaces in India. The company has acquired properties across major markets in India in deals that are turning out to be benchmarks in the real estate sector. It owns India’s biggest portfolio of income producing office assets totaling over 30 million sq ft worth over a billion dollars across Noida, Mumbai, Pune and Bangalore says ET Realty.

 

February 13, 2017   No Comments

AkzoNobel Inaugurates Specialty Coatings Facility in India

AkzoNobel a Dutch multinational company in paints, coatings and specialty chemicals has set up a first-of-its-kind Specialty Coatings production facility and color laboratory in the satellite town of Noida 15 miles from New Delhi, reports BusinessWire, India.

Alberto Slikta, managing director, Specialty Coatings, AkzoNobel, said, “India is a key market for our growth strategy and this facility will enable us to further strengthen our position as a leading producer while supporting the supply network. Additionally, this market shows signs of a high demand for consumer durables and electronics. As demand and volumes rise, we will continue to fortify our footprint in high-growth economies such as India.”

AkzoNobel Logo

AkzoNobel India has been operating in the country for over 60 years. It currently has six manufacturing sites, two research centers, and a network of over 8,800 dealers and distributors.

December 28, 2016   No Comments

Fair Wear Foundation Reports Improvements in India’s Apparel Industry

A report by multi stakeholder Fair Wear Foundation, a European initiative working to improve workplace conditions in the garment and textile industry, highlights positive factors in India’s garment industry.

Apparel Resources reports that Fair Wear Foundation India Country Study 2016 found no child labor in the garment industry of the country now as compared to the year 2000. Similarly there is no discrimination either on the basis of religion or caste, and women get ‘equal pay’ for ‘equal work’ just as men do.

Fair Wear Foundation

The audit was conducted in garment manufacturing hubs such as Delhi, and Noida in the north, and in Tirupur and in the state of Karnataka in the south, between 2013 and 2016. However, during the time of audit, it was found that 2-3 factories employed workers who were 15 to 18 years old.

 

September 19, 2016   No Comments

Uflex Engineers “Seal of Authenticity” for Nestle India

Flexible packaging  company Uflex Ltd., located in Noida, India, has created a 3-D seal for Nescafe instant coffee manufactured by Nestle India. The ‘Seal of Authenticity’ is an engineered tamper-proof brand protection / anti-counterfeiting solution that does not disturb the retail price coordinates. The seal, among several other features, comprises an innovative 3D reflective lens image using transfer technology, reports beveragedaily.com.

Uflex Holographic Division

 

In a 2015 joint study by KPMG and industry body FICCI,  consumer product counterfeitingwas estimated at $1.4 billion annually in India.

Ashok Chaturvedi, CEO of  Uflex Limited said, “The Seal of Authenticity has imposed an insurmountable technology, application and process know-how barrier, in the brand protection arena. We have raised the bar of competition in the best interest of our clients.”

August 16, 2016   No Comments