Archives 2024

[Bangalore, 3rd January 2024 – Murty Trust, the family foundation of Mrs. Sudha Murty and Mr. Narayana Murthy, in partnership with Compassion Unlimited Plus Action (CUPA), has announced the opening of a state-of-the-art community cat sterilization centre. The clinic, launched under the name ‘Maitri’ (meaning goodwill, friendship, amity), is set to address the challenges encountered in the animal welfare sector in Bangalore. This will be one of India’s first sterilization centers dedicated to community cats.

The Maitri initiative is a collaborative cat sterilization effort between the local community and CUPA that can help manage stray cat populations in the city, while also addressing the One Health challenge of overpopulation. CUPA, through their community enablement model for cat ABC, has already sterilized over 5000 community cats since its inception in 2018. With the Maitri initiative, The Murty Trust seeks to amplify CUPA’s remarkable work by providing essential resources, allowing them to scale their efforts in community-cat population control.

The clinic commenced operations on 1st Jan, 2024 and was inaugurated by Mrs. Sudha Murty and Ms. Aparna Krishnan, in the presence of CUPA trustees, Ms. Suparna Ganguly, Ms. Sanober Bharucha, and Ms. Rajani Badami.

Mrs. Sudha Murty, while talking about the Maitri initiative said, “Although animals do not have a voice, they have feelings and emotions. When the population of cats increases in a neighbourhood, they fight for resources like food and shelter. This leads to problems for the cats and the residents of the community. We hope to provide them with the resources to scale CUPA’s work for the wellbeing of the animals and community. “

Ms. Rajani Badami, Hon. Trustee, from CUPA remarked, “We are delighted to partner with Murty Trust for the Maitri initiative. Together, we can make a significant difference in controlling the community cat population and creating a more harmonious environment for both cats and the residents of Bangalore.”

Compassion Unlimited Plus Action (CUPA) was founded in 1991 by Ms. Crystal Rogers, Ms. Suparna Ganguly and Dr. Shiela Rao, who have dedicated their lives to rescue and care of Bangalore’s stray animals. CUPA operates multiple centres across the city, addressing diverse animal welfare aspects such as birth control, trauma response, large animal rehabilitation, and rehoming abandoned animals. With over 30,000 animals receiving medical care annually, CUPA remains at the forefront of animal welfare in Bangalore.

The Murty Trust, under the leadership of Mrs. Sudha Murty and Mr. Rohan Murty, is a not-for-profit organization dedicated to preserving and celebrating art, cultural heritage, science & research, Indian books & manuscripts, and knowledge systems born out of India.

The Trust’s philanthropic initiatives centre on improving education, healthcare, awareness of art and culture, and animal welfare. Over the past 2 years, the Trust has supported 12+ prominent organizations dedicated to the well-being of animals in the animal welfare and wildlife conversation space, further fortifying the Trust’s dedication to the cause of promoting humane treatment and care for animals. Over the next decade, the Trust will have these two areas as its focus. These welfare efforts extend to various programs and projects aimed at positively impacting communities and fostering sustainable development, one of which is Maitri.

By  – Akash Pharande, Managing Director – Pharande Spaces

As the veil lifts on 2024, property end-users and investors in and around Pune are firming up their New Year’s resolution to achieve home ownership this year. It’s certainly the perfect time for it. According to real estate consultants Anarock, Pune and MMR were the top-selling housing markets in 2023.

In Pune, approximately 86,680 homes were sold in 2023, states Anarock, second only to the Mumbai Metropolitan Region’s impressive sales of 153,870 units. Pune‘s high ranking in housing sales is not surprising. The city offers a lot more than just more attractive price points compared to Mumbai. But the price factor certainly matters.

Pune’s Price Advantage

In Pune, you can find a 1BHK apartment ranging from Rs. 35 to 45 lakhs, depending on the area. In contrast, a similar 600-700 square foot apartment in Mumbai would cost around Rs. 80 lakhs to 1 crore. Property prices in Mumbai are typically 30-40% higher than in other Indian cities.

To put it in percentage terms, real estate in Mumbai is, broadly speaking, 75.21% more expensive than in Pune. This makes Pune a far more accessible market for a broader range of buyers and investors. However, there is no doubt that the affordability factor is gradually decreasing because Pune has seen steady price appreciation.

According to a recent report, 2023 saw the average housing price in Pune rise by 11% increase, reaching Rs 5,208 per square foot. This rise was attributed to improved demand in the housing market. Predictions suggest this trend will continue in 2024, making Pune a magnet for investors seeking long-term value growth.

But apart from prices, Pune wins over Mumbai in several other ways.

Why Pune Succeeds Consistently

Pune continues to deliver the perfect balance of lifestyle and investment value compared to Mumbai. The city offers superior space with more spacious residential options – a distant dream in most MMR areas except the farthest suburbs. Pune is ideal for families and individuals wanting a better quality of life through larger living spaces.

Pune‘s strategic location and improving transport infrastructure also make it highly attractive. The city’s proximity to Mumbai is a defining advantage. At the same time, Pune‘s education, healthcare, and entertainment facilities contribute to a higher standard of living. Additionally, Pune‘s IT parks, commercial hubs, and strong services industry continue to transform the landscape, attracting job seekers and investors.

While buyers and investors have many options in Pune, some areas stand out for important reasons. One getting considerable attention is Punawale.

Punawale – Standout Housing Hotspot

Punawale, within the Pimpri-Chinchwad Municipal Corporation (PCMC) in Pune, has seen remarkable growth, emerging as a preferred housing destination. Like Pune, Punawale has seen substantial price appreciation due to its strategic location, infrastructure development, and surging demand for quality housing.

Unlike other locations, Punawale caters to diverse segments, from affordable housing to luxury projects.

The area has well-planned roads, efficient public transport, and easy access to schools, hospitals, and shopping. This infrastructure makes Punawale more appealing than many Pune areas.

The PCMC Edge

Overall, PCMC outperforms Pune Metropolitan Region in several aspects. PCMC implemented a rational master plan focused on sustainable, balanced development. This urban planning foresight resulted in better-managed residential and commercial spaces, efficient utilities, and less congestion, making areas like Punawale more livable.

PCMC emphasizes green, open spaces. The area has parks and gardens, contributing to a healthier, more aesthetically pleasing environment. These green spaces provide much-needed recreation and relaxation, a rarity in many urban areas.

Punawale maximizes these advantages. It is home to West Pune‘s most outstanding integrated township, which has been a game-changer for its real estate market by enhancing the overall real estate value proposition and setting new residential space standards for the region.

The transformative power of outstanding developments is well-established, and India has several examples of this phenomenon. The entire socio-economic structure of the area changes for the better.

Superior Connectivity

A standout feature of Punawale is its connectivity. Well-linked to key Pune areas and other cities via roads and highways, proximity to the Mumbai-Pune Expressway and major arterials enhances the appeal for commuters and those wanting easy access.

Quality of Life

Infrastructure, connectivity, green spaces, and a high-grade township have significantly uplifted Punawale’s quality of life. Residents enjoy a balanced lifestyle with modern amenities, nature, and community focus.

Punawale’s transformation into a real estate hotspot resulted from strategic planning, infrastructure development, and visionary projects. Growth is based on urban convenience, connectivity, and green space – the future of sustainable urban living.

The Future Beckons

Ongoing and planned infrastructure projects, coupled with demand for quality housing, strongly support Punawale’s future growth. Improved road connectivity and public transport have played a pivotal role in boosting values. Easy access to major employment hubs like Hinjewadi IT Park and MIDC industrial belt has made Punawale a hotbed for home seekers valuing easy commutes without compromising quality of life.

For end-users and investors, Punawale brings everything together. With consistent growth in values and enhancements in quality of life and connectivity, Punawale is a standout real estate destination in 2024.

Hardwyn’s New Subsidiary Slim-X Eyes Rs 100 Crore Revenue; Unveils High-Performance Aluminum Profiles

New Delhi, 2nd January 2024: Leveraging the growth potential of innovative products- ultra-slim, high-performance aluminum profiles- for industries, a newly formed Subsidiary Slim-X of NSE/BSE-listed Hardwyn India Ltd.- a leading brand among the architectural hardware manufacturers in India, has unveiled a range of innovative products. The new brand, with cutting-edge technology, now plans to generate revenue of Rs 100 crore in the next two years.

Announcing the initiative, Mr Rubaljeet Singh Sayal, Managing Director, Hardwyn said, “Being a pioneer in cutting-edge technology, we are offering our latest innovation through a new brand Slim-X. For Indian markets, we are unveiling ultra-slim, high-performance aluminum profiles designed for various industries, alongside exquisite glass fittings that redefine elegance in architectural design. With an initial investment of Rs 20 crore, we eye revenue worth Rs 100 crore in the next two years.”

The new range of innovative products that come with aesthetics enhancement, convenience, and a warranty of up to 10 years are expected to be in big demand from architects, interior designers, builders, and contractors, among other industries.

“Our vision is to set new industry standards by transforming the use of aluminum profiles. The company specializes in developing ultra-slim profiles that offer versatility for applications in architecture, interior design, lighting, electronics, and more. With a commitment to excellence and sustainability, we ensure our products meet and exceed industry standards through precision, customization, and the use of recyclable materials,” said Mr Sayal.

“We’re not just providing aluminum profiles; we’re shaping the future of design and technology. Our commitment to innovation and sustainability sets Slim-X apart,” emphasized the Managing Director.

Slim-X brings craftsmanship, innovation, and design excellence to the forefront. From frameless glass doors to glass balustrades, Slim-X offers a range of fittings that seamlessly blend functionality with elegance.

“Our aluminum profiles and glass fittings not only meet customers’ specific requirements but also elevate the overall performance and aesthetics of their projects. We are all set to shape the future of design and technology,” concluded Mr Sayal.

January 2nd:  Silver bijouterie gets a makeover with Shaya by CaratLane’s stunning collections of 925 silver. Established to provide a plethora of authentic silver jewellery with a newfound appeal, Shaya effortlessly bridges the gap between bequest authenticity and zeal for fresh delineation.

Bringing this energy to the city of Hyderabad, the brand expands its retail presence to this Southern part of India. The new retail destination is located in Amrutha Mall and is now open to people of Hyderabad to shop their heart out.’

This offline store by Shaya offers a warm and welcoming ambiance with cozy interiors and pretty aesthetics, instantly making you feel at home. From the stunning displays that are larger than life to the excellent retail plan that gives you a glimpse of everything Shaya has to offer, all at once, this store in Hyderabad is a must-visit!

As the bold and edgy counterpart of Carat Lane, Shaya caters to all personalities with its variety of collections and this offline store is no different. From statement pieces to understated, low-key designs for everyday wear, there is something uniquely handcrafted for every identity and wearer.

Taking from the learnings of all the previous stores in the country, this location enjoys an expansive range of Shaya’s stunning silver jewellery right at display, giving a glimpse of everything the store has to offer. Known for crafting 925 silver jewellery, all its latest collections like Chitrakalay Kolkata, Bloom Your Way, To the Wanderlust in You, The Legacy of Rani Lokmahadevi, and much more will be available at the store.

The new store offers a wide selection of jewellery where each piece adds an eccentric character to it. Couple this with robust customer support and in-house styling aid, and you’re bound to find something that embodies your persona! Head to Shaya’s newest address to explore the ranges further.

Address: Shaya by CaratLane, Ground Floor Bearing Separate Municipal Door No.6, Amrutha Mall, Unit No.9, 3-1110/G/7, Raj Bhavan Rd, Somajiguda, Hyderabad, Telangana 500082

Store Timings: 10 am to 9:30 pm

2nd Jan. 2024, New York / New Delhi Emergence of Generative AI, particularly ChatGPT, seen by many as rise of A.I. Tech and subsequently advocacy for regulating A.I. (Artificial Intelligence) gained huge momentum in year 2023.

However, Tech. Analyst of 5 Jewels Research (5JR) believes that A.I. Tech. has just taken off in the form of platforms like Generative A.I.-ChatGPT, and AI Tech. has to rise many folds to attain a significant peaking state. In its annual prediction, 5JR analysts predicted that in the coming years A.I. to attain a level that shall make Human Reading-Writing Redundant.

Releasing his annual prediction on start of new year 2024, Chief Analyst of 5 Jewels Research (5JR) Mr Sumant Parimal said “ The form of AI we have seen so far, like Generative AI, is a tip of iceberg as it’s a very initial evolution of AI Tech. and we believe that AI To Peak When It Makes Human’s Reading-Writing Redundant. We see some kind of convergence to emerge between Human Intelligence and Artificial Intelligence, not just in form of mimicking of human creativity and actions through Algorithms and LLMs (Large Language Models) embedded in AI software platforms, but future innovation potential lies around interfaces between human intelligence and human information processing system, which is typically human brain, and external AI systems. AI enabled Brain–Computer Interface (BCI) solutions like Neuralink could drive large innovations in integrating digital systems including AI systems directly with human brain and human cognitive system”.

“At present, human reading and writing is not 100% digitally transformed. One has to either read on computer screen or physical hard prints for acquiring, consuming, and processing given information-data through human organs like eyes and brain. With advancement in AI enabled Brain-Computer Interfaces, it shall be possible that the contents, texts, data and information given in books, reports or in any hard and soft copy formats shall be transformed and transmitted digitally directly to the human brain without sequential scanning and reading through the human eyes. Such AI enabled digital-neuro interfaces between human brain and external digital systems including AI Systems, would make large digital contents, data, information transmitted, accessed, and processed by human brains at a lightning speed. It would be possible that through AI systems, gist of a book, film, speech, article, report, data base etc. only get presented to human brain for context creation and quick decision making, and such human decisions further digitally gets transferred and communicated to other humans, digital and AI systems for further actions/transactions. Thus, present-day time-consuming reading and writing activities of humans shall be getting redundant or becoming optional in some cases with advancement in AI Tech. in future” Chief Analyst Sumant Parimal says further.

At present, technologies like Brain–computer interface (BCI) systems are typically targeted for the people with disabilities like paralytic patients. But 5JR analyst believes that scope of such technologies like BCI-Neuralink need to be widened to address requirements of even normal human being for transforming human cognitive and augmenting human decision making at a faster pace in order to make human intelligence to work in synchronization with artificial intelligence. And for such synchronization of human intelligence and artificial intelligence, 5JR analyst believes that traditional methods and processes of human’s reading and writing requires a huge disruption upto an extent of making them redundant.

“Only such disruption in traditional reading and writing methods of human being shall enable human cognitive to keep a tab on fast paced AI evolutions and preventing dangerous proliferation and usages of AI systems, enabling safe management of peaks of AI Tech. Hence, we should not get worried too much if we get to see in future that traditional human reading and writing methods becoming redundant through AI Tech. However, such AI led human cognitive transformation should be a personal choice based on emerging needs with wider acceptances” AI thought leader Sumant Parimal said further.

In the year 2023, the Indian real estate market experienced substantial growth, driven primarily by a series of favorable developments. The pivotal decision of the Reserve Bank of India to keep interest rates stable played a significant role, providing potential buyers with the confidence to invest in their envisioned projects. This decision not only stimulated the real estate sector but also set it on an upward trajectory.

Yashank Wason – Managing Director of Royal Green Realty, “In 2023, the real estate sector experienced a dynamic and resilient performance marked by various trends. The global recovery from the pandemic-induced economic slowdown contributed to increased demand for residential properties, driven by low-interest rates and a desire for spacious homes. However, challenges such as rising construction costs and supply chain disruptions impacted the industry’s overall growth.

As we transition into 2024, expectations for the real estate market are cautiously optimistic. Continued economic recovery, coupled with government initiatives supporting affordable housing, is anticipated to fuel demand. Developers are likely to focus on sustainable and technologically advanced projects to meet evolving consumer preferences. The commercial real estate sector may witness a resurgence as businesses adapt to hybrid work models, emphasizing the importance of flexible office spaces. Infrastructure developments, including connectivity improvements, are expected to open up new investment avenues. Overall, 2024 holds promise for a more stable and innovation-driven real estate landscape, with a renewed emphasis on resilience and adaptability in the face of ongoing global changes.”

Kushagr Ansal, Director Ansal Housing said, “In 2023, there was an unprecedented surge in India’s real estate sector, notably in the realm of luxury housing. In response to shifting urban preferences, the industry placed a premium on spacious living and luxurious amenities.”

Rajan Thakral, Founder of Zenith Associates said, “2023 has been a reverse gear for Real estate and it’s in the growth path. Investments will rise 10 fold in the next 5 years.”

Mumbai, 2nd January 2024: The beloved couch is back with its most loved and versatile host Karan Johar as Hotstar Specials’ Koffee with Karan returns for season 8. To spice up your life and bring you closer to your favorite stars, this time the conversations will be edgier, crazier and candid with no room to escape. Dropping new episodes every Thursday exclusively on Disney+ Hotstar, viewers will be on a whirlwind journey of getting up close and personal with celebrities. So why wait? Let’s brew Koffee with Karan season 8.

The upcoming episode of Koffee with Karan brings together the Bollywood divas Janhvi Kapoor and Khushi Kapoor! Get ready for some spicy revelations, sibling banter and emotional conversations as the Kapoor sisters steal the spotlight. Spilling beans on their careers, family and love life, this episode screams ‘sisters before misters’ and we are all game for it.

In the Rat Race segment, Karan Johar asked, “Three people on your speed dial list?”

“Papa, Khushu and Shikhu” quipped Janhvi Kapoor

Karan Johar asked, “So, conjecture goes that you are dating Vedang Raina?”

“You know that scene in Om Shanti Om, where a row of people saying ‘Om and I are just good friends’”, coyly replied Khushi Kapoor

In the rapid fire round, Karan Johar asks, “If Khushi was to work with the following actors, what piece of advice would you give her about Ananya Panday?”

“Just make sure you don’t end up liking the same guy.” laughed Janhvi Kapoor

Gurgaon, 01 January 2024: Institutional investments in the Indian real estate sector maintained a steady momentum at USD5.4 billion, rising 10% YoY during 2023. The year witnessed highest levels of investment inflows since 2020 showcasing India’s resilience despite uncertainties in global markets otherwise. While foreign investments retained their dominance, forming 67% of the total inflows for the year, domestic investments also registered an impressive 66% annual increase at USD1.7 billion. Office sector continued to be the largest contributor in real estate investments for 2023 with 56% share in total inflows, attracting both global as well as domestic capital. While the overall investment inflows during the year remained sturdy, the last quarter of the year saw moderation. At USD0.8 billion, Q4 registered a 37% YoY drop in investments. Alternatives, meanwhile, had a 51% share in total inflows during Q4 2023, indicating strong demand in segments including data centres, student housing, life sciences, schools, etc.

While key global investment markets faced downside risks, India maintained its status being amongst the fastest-growing economies keeping investor confidence intact. While inflows from the US have witnessed a drop in 2023 as compared to 2020 levels, Canada and Singapore are increasingly establishing themselves as leading source of foreign capital in Indian real estate. These two countries accounted for 78% of the global real estate inflows into India during 2023. Noteworthily, investment inflows from APAC countries have been rising every year and have surged to 3.6X times in 2023, compared to 2020. Investors continue to view India favourably, owing to strong economic performance, improved regulatory framework, and sustained demand across various real estate segments.

“As India’s real estate sector closes yet another promising year, institutional investments saw an increase of 10% and stands at USD 5.4 billion—the highest since 2020. The investments in Indian real estate are more broad-based, with significant investments coming into education, shared spaces, and data centers, adding to a strong domestic upcycle in office, residential, and industrial areas. Investors from the APAC region have been showing an increasing appetite for Indian real estate, contributing to about half of the total foreign inflows during 2023. Looking ahead to 2024, investment activity is likely to remain unabated backed by robust domestic economic fundamentals, while a strategic integration of technology and ESG will play out in investment decisions.” said Piyush Gupta, Managing Director, Capital Markets & Investment Services at Colliers India.

Domestic capital inflow surged 66% YoY during 2023

Domestic investors have emerged as active contributors, contributing 32% of the total real estate investments in 2023, compared to 22% share in 2022. While office market continues to be the frontrunner backed by investments from global players, domestic investors are focusing more on alternative and residential assets.

Office sector continues to be the frontrunner; investments in alternatives rebound significantly

At USD3.0 billion, investment inflows in the office sector rose 53% YoY during 2023, led by select large deals. The uptick reflects a rising interest in completed and pre-leased income-yielding office assets, showcasing investors’ sustained confidence in the long term potential of the sector. Notably, investors are actively establishing Joint Venture (JV) platforms to capitalize on emerging opportunities and participate in both existing and upcoming office projects. 2023 saw some significant platforms being established for development of office as well as residential assets.

“In the ever-evolving tapestry of India’s real estate landscape, while investors continue to diversify portfolios, the office sector continues to enjoy significant affinity. Fuelled by strong demand for Grade A commercial developments, investments in office sector continue to grow from strength to strength. As 2023 witnessed record breaking office space leasing activity, global institutional investors remained committed on building office portfolios in India. Office led investments had a commanding 56% share in total real estate inflows in 2023. Along with envisaged momentum in alternative assets, industrial & warehousing, and residential sectors in the next few quarters, office sector will continue to dictate India’s real estate investment ecosystem.” said Vimal Nadar, Senior Director and Head of Research, Colliers India.

Investment inflows (USD million) –

*Note: Alternate assets include data centres, life sciences, senior housing, holiday homes, student housing, schools etc

Source: Colliers

Industrial & warehousing surged 2x times in 2023

Industrial & warehousing segment saw a noteworthy two-fold rise with about USD0.9 billion inflows, marking the highest increase across all segments in 2023. This exceptional growth is credited to the sustained expansion of industrial sector, thriving on heightened consumption levels. As the sector evolves, we are likely to witness increased consolidation as well as institutionalisation in the sector. With micro-fulfilment centres, dark stores and AI driven supply chain becoming an integral part of industrial & warehousing segment, foreign investments in the sector are expected to rise multi-fold in the next few years.

Investments in Alternatives bounced back in the last quarter

After witnessing subdued activity in the first 3 quarters, investments in alternatives rebounded in the last quarter, taking the overall inflows in alternatives to USD650 million for the year. Q4 2023 accounted for 65% of the total investments in alternatives in 2023. Student housing accounted for about 60% of the investment inflows within alternatives during the year. Rising institutional interest has been driven by the surge in higher education enrolment, favourable demographic distribution pattern, and growing migration of students to cities. This trend reflects a constant recalibration of investor and developer interests which aligns with students’ preference for quality, and purpose-built accommodation.

Institutional investments in Indian real estate 2023

Asset class-wise investment inflows in Q4 2023 in USD million

Source: Colliers

Note: The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds. The data has been compiled as per available information in the public domain

Note: Alternate assets include data centres, life sciences, senior housing, holiday homes, student housing, schools, etc

City-wise investment inflows in 2023 and 2022 in USD million –

Source: Colliers

Note: The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds. The data has been compiled as per available information in the public domain

Note: Alternate assets include data centres, life sciences, senior housing, holiday homes, student housing, schools etc

Top Deals

Select key deals 2023

Source: Colliers

Note: The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds. The data has been compiled as per available information in the public domain

Note: Alternate assets include data centres, life sciences, senior housing, holiday homes, student housing, schools etc

Select key deals Q4 2023

…

Roorkee, Uttarakhand, 2nd January 2024 IIT Roorkee and IIT Bhilai signed an MoU on 29th December 2023 to strengthen the academic and research collaboration between the two institutions. The MoU was signed at IIT Bhilai by the heads of both institutions i.e. Prof K K Pant, Director IIT Roorkee, and Prof Rajiv Prakash, Director IIT Bhilai.

This strategic partnership aims to preserve and promote Indian Knowledge Systems (IKS) and seeks to contribute to socio-economic development in tribal areas, emphasizing research on traditional medicinal plants, tribal culture studies, agricultural practices in tribal regions, and financial literacy among tribal populations.

This collaboration represents a significant stride towards fostering awareness among the youth about Indian culture and heritage, aligning with the Government of India’s ambitious vision of Viksit Bharat@2047. Moreover, the partnership will actively support the objectives outlined in the National Education Policy (NEP) 2020, emphasizing the integration of Indian Knowledge Systems into the education system. IKS includes “Knowledge of India” from ancient India and its contributions to modern India and its successes and challenges, and a clear sense of India’s future aspirations about education, health, environment, etc. This collaboration also aligns with Honorable Prime Minister’s vision of Ek Bharath Shreshtha Bharat.

“IIT Roorkee is glad to collaborate with IIT Bhilai, and this MoU reflects our commitment to fostering groundbreaking solutions for today’s education system. Through this collaboration, we aim to bridge the gap between ancient and modern education, facilitating both basic and translational research, and contributing to our shared vision of ‘Viksit Bharat’ – a developed India,” said Prof K K Pant, Director, IIT Roorkee.

Prof Rajiv Prakash, Director IIT Bhilai said“This partnership will create new opportunities for research and development. It will also promote our ancient knowledge and our heritage.”

Both institutions commit to exchanging knowledge and promoting Indian culture, and Indian Knowledge systems and develop projects on sustainable & rural development, Ancient Indian science, Fintech, Health Science, Agriculture, Artificial Intelligence, Complementary and Alternative Medicine, Life Management, Environment, Renewable Energy, Food Processing, Tourism Management, Languages, Peace and Conciliation, Music, Humanities and common interest.

They have also agreed to jointly organize Seminars/ symposiums/ conferences/ workshops/ short term training programs.

Both Prof K K Pant and Prof Rajiv Prakash expressed their happiness on the addition of this new chapter in the partnership of IIT Roorkee and IIT Bhilai, and also offered full support from their side in fostering long lasting and mutually beneficial collaborations between the two institutions. Prof. Akshay Dvivedi, Dean, Sponsored Research & Industrial Consultancy, IIT Roorkee, Prof. Anil Kumar Gourishetty, IKS Coordinator, IIT Roorkee, Prof. Harshit Sosan Lakra, Assistant Professor, Department of Architecture and Planning IIT Roorkee and Prof. Santosh Biswas Faculty-in-charge, DoRD IIT Bhilai were also present.

Kolkata, 2nd January, 2024: ILS Hospitals, a renowned name in the healthcare industry announced the relaunch of its Gastroenterology segment that demonstrates its determination to provide complete healthcare solutions.

The redesigned Gastroenterology department offers a wider range of gastro treatments and state-of-the-art medical care for individuals with digestive health issues.

ILS Hospitals has increased its patient capacity for gastrointestinal treatments which is a major step forward. The renovated facility can now handle up to 50 patients per day for outpatient consultations and operations, meeting the increasing need for gastrointestinal health specialists.

“ILS Hospitals has always led the way in providing excellent medical care. The improved Gastroenterology section demonstrates our dedication to keeping up with medical developments and customising our services to our community’s changing demands”, said Dr Om Tantia, HOD – General & Laparoscopic Surgery, ILS Hospitals Saltlake, Managing Director & Founder, ILS Hospitals.

A greater number of consultation rooms in the relaunched section contribute to a more seamless and effective patient experience. Additionally, more operation rooms have been added, giving the medical staff the latest types of equipment to provide cutting-edge gastroenterological treatments.

Patients can now benefit from a more comprehensive range of services, supported by Ils Hospitals’ dedicated team of experienced gastroenterologists and cutting-edge medical infrastructure.