Archives March 2024

Mohali, 01 March, 2024: The India Semiconductor and Packaging Ecosystem Conference (ISPEC) was inaugurated today (29th Feb) by Hon’ble Sh. Rajeev Chandrasekhar, Minister of State for Electronics and IT and Skill Development and Entrepreneurship and will continue till March 2nd, 2024, at Mohali, India, supported by ISM, SCL, IESA, IEEE Packaging Society, and ISSE.

As India embarks on a transformative journey into semiconductor and package manufacturing, backed by a $10 billion incentive from the Indian Semiconductor Mission (ISM), there is a critical need to cultivate a comprehensive and sustainable ecosystem encompassing design, research and development (R&D), manufacturing, product development, applications, services, and workforce development. ISPEC aims to address this need by fostering large scale global-level R&D and workforce development, in collaboration with international industry and academic leaders, to establish a robust Industry-Academic consortium for the next generation of semiconductors, packaging, and systems in India.

Speaking as Chief Guest at the inaugural event, Sh. Rajeev Chandrasekhar, Minister of State for Electronics and IT and Skilling, said, “The Progress Since the Past Two Years in the Indian Semiconductor Industry is Just the Tip of the Iceberg. What is Yet to Come is Yet to Unfold in the Third Term of PM Modi ji. We Have Moved From Being Almost Absent in the Semiconductor Ecosystem to Now Becoming a Destination Receiving Investments. India is reaching a milestone where over two and a half lakh crore or $26 billion of investment proposals have been received by the Government of India in a spectrum of opportunities ranging from packaging, design, R&D, and Manufacturing. Therefore, I think we can safely say that we are at an inflection point.”

Speaking at the occasion, Mr. Akash Tripathi, CEO India Semiconductor Mission stated, “Moving from vision to reality for semiconductor manufacturing in India, several proposals are being actively pursued and are getting government support up to 70%, including Central and state government. The efficiency of approvals and follow-up actions are attracting strong interest from the Industries.”

Prof Rao Tummala, Advisor to ISM, a key driving force behind the large scale global R&D event, said, “The 1st India Semiconductor and Packaging Ecosystem Conference (ISPEC) is a testament to India’s commitment to nurturing and excellence in all four phases of product development—design, Research, technology development and manufacturing. And , setting up path for the industry-academic research R&D collaboration in system design , semiconductor, packaging and systems.

The Inaugural session Chaired by Mr. Ashok Chandak, President IESA had the top 9 Industry leaders (IESA Member companies) setting the vision statements, lessons learned, and defining the future of Semiconductor Industry development from India. Mr. Ashok Chandak, President of IESA, stated, “As we unite the brightest minds from academia and industry, we are setting the stage for breakthroughs that will accelerate the IPR and product creations from India. IESA is at the forefront of this endeavor, catalyzing partnerships and knowledge-sharing that will make India a semiconductor powerhouse.” Today is also a historical milestone of Cabinet approval of three Semiconductor plant proposals worth 1.26 Lakh crores. ISPEC supporting association IESA feels proud of their members TATA Electronics and Renesas making mega moves and commitment to semiconductor manufacturing in India.

ISPEC unites global R&D, supply-chain, manufacturing, and user companies from India, United States, Europe, Japan, Korea, and Taiwan. The conference has a presence of 415 delegates, 240 industry participants from Industries, 25 global delegates, 50+ Faculties from TOP Technical institutes, 55+ speakers, 60 students. Members SCL, IESA, IEEE Packaging Society, and ISSE have been instrumental in the planning and implementation of one of the most successful events with SCL from Chandigarh staff doing major heavy lifting.

New Delhi 01st March, 2024 – Driver Logistics, one of the fastest growing logistics companies in India, today announced that Naveen Kolathur has been appointed as its Chief Operating Officer. Mr. Kolathur has over 28 years of leadership experience in the logistics and supply chain industries of which over 22 years have been with DHL in senior roles in the US, Singapore and India. His last assignment at DHL was as VP and Head of Service Quality. Mr. Kolathur has immense experience in building the 4PL/LLP businesses for DHL across Asia.

Announcing Mr. Kolathur’s appointment, Mr. Aqil Ashique, CEO, Driver Logistics said, “We are happy to have Mr. Naveen Kolathur on board. His customer-centric approach incorporating technology and his experience in building 4PL operations will greatly help Driver Logistics. Mr. Kolathur’s years of experience in Singapore will also be invaluable as we expand operations to South East Asia, beginning with Thailand.”

Mr. Naveen Kolathur added, “I am truly excited to join a young and dynamic company like Driver Logistics. The Company’s spectacular growth over the last 4 years points to a strong leadership and perfectly aligned business plans. India’s logistics sector is at the cusp of a high growth phase and Driver Logistics is sure to play a big part in it.”

Mr. Kolathur has an MBA from Baldwin Wallace University, USA and is a graduate of the PSG College of Technology, Coimbatore.

Mumbai, March 1, 2024: Vessel M.T. Hari Prakash, owned and operated by Castle Ships, was securely escorted by the Indian Navy from the Red Sea on February 24th – 25th, ensuring a safe transit through high-risk waters amid ongoing threats.

Throughout January and February, M.T. Hari Prakash was anchored in Red Sea, and the Indian Navy, along with the Directorate General of Shipping Communication Centre (DGS), maintained constant contact with the crew on-board, conducting multiple check-ins. This commitment to regular communication and safety checks highlighted the collaborative efforts between The Directorate General of Shipping, Castle Ships and the Indian Navy.

As one of India’s prominent shipping companies, Castle Ships Pvt. Ltd. extends its deepest gratitude to the Indian Navy and DGS for their assistance. The company’s vessel, M.T. Hari Prakash received unparalleled support and security measures amid the increasing incidents of merchant ship attacks and piracy attempts in the region.

In response to the rising security challenges, the Indian Navy has taken proactive measures since December 2023, to incidents in the northern and central Arabian Sea. The deployment of top-notch warships, drones, and aircraft has strengthened surveillance and patrols, showcasing the Navy’s commitment to ensuring the safety of vessels operating in these troubled waters.

The protective escorts provided by the Indian Navy and DGS around the Red Sea, a region marked by escalating maritime attacks, have been instrumental in safeguarding Castle Ships’ vessels. The company acknowledges the Navy’s commitment to maritime security, evident in their aerial surveillance by long-range maritime patrol aircraft and Remotely Piloted Aircraft (RPAs) to enhance maritime domain awareness.

Mr. Rajiv Bhatia, Director, Castle Ships Pvt. Ltd., said, “The security provided by the Indian Navy and DGS and the tireless efforts of personnel both at sea and onshore were instrumental in the success of this passage. The presence and escort by the Naval vessel, along with the moment of handing over the large Indian Flag to be hoisted on the vessel, brought tears of happiness and resounding cries of ‘Bharat Mata ki Jai’ and ‘Indian Navy Zindabad’ from all our crew on board vessel Hari Prakash. The proactive measures taken by the Navy and DGS secured our transit and brought reassurance to our crew and their families.”

Mumbai, March 01, 2024 – foundit (formerly Monster APAC & ME), India’s leading talent platform, published the foundit Insights Tracker (fit), presenting the latest findings on hiring trends for February 2024.

According to the tracker, there has been a gradual uptick in hiring activity across sectors, indicating a 3% month-on-month (MoM) growth. Although the year-on-year (YoY) comparison reflects an 8% drop, the steady climb of the index from 262 to 269 within the first two months of 2024 suggests a positive momentum in employment opportunities.

Offering a hiring overview for February 2024, Sekhar Garisa, CEO, foundit (previously Monster APAC & ME), a Quess company, said, “Through our tracker, we could trace the steady monthly growth in hiring activity. The positive momentum in certain sectors like manufacturing and energy are encouraging signs. However, freshers face a challenging landscape with increased competition and fewer opportunities. This highlights the importance of equipping oneself with relevant skills and building strong profiles to stand out in this competitive environment.”

Energy, IT, and Manufacturing lead job growth while BPO/ITES faces challenges

On a month-on-month basis, job hiring trends in India continued to reflect a dynamic landscape, building upon the positive momentum observed in January. Industries such as Oil/ Gas/ Petroleum, Power, and IT-Hardware & Software showed strong performance, each experiencing a 7% increase in hiring. The government’s emphasis on renewable energy and electrification projects has played the pivotal role in enhancing recruitment in the power sector.

In contrast, the IT-Hardware & Software sector’s bounce back from last month’s -1% dip to 7% increase reflects a resurgence in demand for skilled professionals in these fields, driven by technological advancements. The uptick in Production and Manufacturing (6%) signals a robust rebound, driven partly by the impact of production-linked incentive (PLI) schemes, with a substantial outlay of INR 1.97 lakh crore. These schemes have incentivised job creation within the Manufacturing sector, contributing to the notable improvement from the stagnant growth observed last month. Travel & Tourism saw a 4% growth month-on-month. While seasonal variations contributed to a slight decrease from the January’s remarkable surge, the sector saw some of the highest growth compared to all others.

Telecom/ISP (2%) and Home Appliances (2%) shifted from stagnation to a moderate increase this month. The expansion of 5G services necessitated an additional workforce for various functions within the telecom sector, and increased consumer demand has influenced hiring in the home appliances segment.

The BPO/ITES sector witnessed a notable 4% downturn in February 2024, contrasting with its growth observed last month. This decline suggests that companies in this sector are re-evaluating their operational strategies, including workforce requirements, to align with the market’s changing demands and automation. Meanwhile, Office Equipment/Automation (-12 %) faced a sharp drop, reflecting the growing adoption of digital alternatives and cloud-based solutions.

Other sectors like Media & Entertainment (3%), FMCG (3%), and Chemicals (3%), witnessed a slight uptick, showing a gradual return to normalcy in these segments and sectors like Advertising (-2%), Banking/Finance (-2%), and Healthcare (-3%) saw a decrease, indicating a cautious approach to hiring.

Coimbatore leads with a 4% surge, while Bangalore maintains Tech dominance

The tracker revealed a diverse landscape of job hiring activity across major Indian cities, showcasing varying degrees of growth, stagnation, or decline compared to last month. Cities like Coimbatore, boasting a 4% increase, demonstrated strong performance, propelled by its emphasis on manufacturing and the textile sector experiencing recent growth. Bangalore, continuing its upward trajectory with a 3% increase, remains buoyed by the sustained demand for skilled professionals in the technology sector. Meanwhile, cities such as Pune, Ahmedabad, and Delhi-NCR saw moderate growth of 2%, showing the influence of their diversified economies and the presence of various industries.

Conversely, major metros like Mumbai and Chennai saw slower growth at 1%, potentially attributed to higher costs of living and intense competition, making them comparatively less attractive for new businesses. Similarly, Hyderabad and Baroda reported stagnant growth at 0%, while cities like Kolkata, Chandigarh, and Kochi faced declining growth, experiencing -2%, -3%, and -3%, respectively.

Roles in senior management observed a positive turnaround, indicating a renewed emphasis on leadership roles

Roles in Hospitality and Travel experienced a remarkable surge in hiring by 8%, indicating a robust rebound from stagnant growth last month. This uptick likely mirrors the gradual recovery of the travel industry and the government’s push towards the industry’s growth. Similarly, roles in HR and Administration witnessed a notable increase of 7% in February, reflecting a heightened focus on talent management strategies amid the evolving job market dynamics.

Meanwhile, roles in senior management observed a positive turnaround, with hiring increasing by 6% in February after a 2% decline last month. This shift suggests a renewed focus on leadership roles amidst uncertain economic conditions, reflecting companies’ strategies to navigate challenging landscapes.

Conversely, certain job roles witnessed declines in hiring during February. Legal roles, for instance, experienced a sharp downturn, plummeting from 7% growth last month to a concerning -7% in February. This significant reversal suggests a potential slowdown in legal hiring needs or shifts in demand for legal services.

Similarly, Marketing and Communications roles saw a notable decrease, dropping from 7% growth to -8% in February, indicating companies’ budget constraints impacting hiring decisions. Customer Service (-4%), Engineering/Production (-4%), and Purchase/Logistics/Supply Chain (-6%) all experienced sharper declines in February, indicating a shift in these sectors towards automation or restructuring.

In addition to these fluctuations, certain job roles displayed consistent trends. Roles in Finance & Accounts and Healthcare remained stagnant with 1% growth, indicating cautious hiring practices within the sector.

Delhi-NCR leads geographical hiring front, IT graduates’ demand dips

In February 2024, the job market for freshers in India presented a complex picture, marked by a 12% decline in hiring compared to the same period in 2023. Despite this drop, the landscape revealed a notable surge in applications, witnessing a 24% increase. This surge led to a competitive environment, with approximately six applicants vying for each available position. This heightened competition is attributed to a larger pool of job seekers seeking limited opportunities.

Despite the overall decline in freshers’ hiring, specific industries showcased noteworthy trends. The Technology sector, particularly IT-Hardware & Software, retained its dominance with a 17% share of jobs, although its share decreased from 23% in February 2023.

Conversely, Healthcare emerged as a surprising growth sector, doubling its share from 5% to 10%, possibly fueled by increased healthcare needs. Other sectors like BPO/ITES and BFSI retained relatively stable shares at 12% and 9%, respectively.

In a contrasting trend, startups exhibited a significant decline in their role in entry-level hiring, contributing only 3% of jobs compared to 14% in the previous year due to funding challenges or strategic adjustments in their hiring practices to adapt to market conditions.

The demand for Software, Hardware, and Telecom roles remained high, although showing a slight decrease from 32% in February 2023 to 27% in February 2024. Sales & Business Development saw a significant rise in demand, increasing from 13% to 21%, potentially reflecting a growing emphasis on these functions for business expansion. Conversely, HR & Admin roles witnessed a sharp decline, dropping from 17% to 4%, indicating potential automation or a re-evaluation of administrative needs by companies.

Geographically, Delhi-NCR maintained its lead position with a 19% share of job postings, followed by Bangalore (13%) and Mumbai (10%). Major cities like Chennai (8%), Pune (7%), Hyderabad (7%), Kolkata (4%) and Ahmedabad (4%) witnessed relatively stable shares of job postings.

Notable changes in demand for qualifications were observed, with a decrease in demand for IT graduates from 19% to 13%, potentially indicating a slight saturation in the IT sector. Similarly, management graduates saw a slightly lower share, dropping from 11% to 10%.

Mumbai, 1st March, 2024: upGrad, one of Asia’s largest integrated learning, skilling and workforce development majors has named Venkatesh Tarakkad as the first Chief Financial Officer (CFO). Venkatesh led Finance, Inventory, and strategic initiatives at DealShare and assumes his role at upGrad effective March 1, 2024.

He will be responsible for overseeing upGrad’s domestic and global financial strategies, encompassing a broader spectrum of areas such as investor relations, business finance, corporate finance, enterprise/accounting controllership, financial planning and analysis, risk management, tax, and treasury functions.

Previously, he helped companies build and scale their financial operations, established compliance and Governance frameworks, automated processes including ERP implementations, managed acquisitions, led funding rounds and took a company public. He’s held numerous leadership positions across other notable brands like Ecom Express, TCNS Clothing, Siam Makro Thailand, Metro Cash & Carry and Coca-Cola India after starting his career with Ernst & Young in the early 90s.

Commenting on his appointment, Mayank Kumar, Co-founder & MD of upGrad said, “Venkatesh is a seasoned enterprise leader, and his appointment marks a strategic leap forward in our growth journey, both in India and globally. We’ve laid a rock-solid business foundation so far, built and scaled our offerings, and as we strive for global leadership, his operational excellence will ensure a robust credit profile, end-to-end compliance, and transparent corporate and financial governance within the upGrad ecosystem.” Venkatesh will be based out of upGrad’s HQ in Mumbai.

With this key appointment, Rohit Agarwal – presently leading finance operations, will maintain a crucial role within upGrad’s ecosystem, extending his responsibilities globally to lead operations in all regions outside of India.

The music industry is engulfed in sorrow as it mourns the passing of the legendary ghazal maestro, Pankaj Udhas, whose soulful melodies left an indelible mark on hearts worldwide. Renowned writer, director, and producer Sonu Tyagi, head of Approach Entertainment, had recently expressed his aspiration to collaborate with Udhas on a poignant ghazal project, envisioning a masterpiece that would transcend time.

Pankaj Udhas, hailed as one of the most influential voices in the world of ghazals, enchanted audiences with his emotive renditions and lyrical depth. His illustrious career spanning decades saw him redefine the genre, earning him accolades and adoration from fans across generations. Sonu Tyagi, known for his adept storytelling and poetic finesse, admired Udhas’s musical genius and sought to merge their talents in a collaboration that promised to be nothing short of extraordinary.

Amidst Udhas’s ailing health, Sonu Tyagi had reached out to Pankaj Udhas’s daughter, Nayaab Udhas, to discuss the possibility of continuing the collaboration. Despite the hurdles, Tyagi was determined to realize their shared vision and honor the legacy of the maestro.

Sonu Tyagi’s creative vision was to merge his poignant lyrics with Pankaj Udhas’s soul-stirring vocals in the timeless ghazal “क्या बात है शहर में, मयखाने बहुत है” (What a Sight in the City, Many Taverns Abound). The project, anticipated to be a poignant reflection of urban life’s complexities, now stands as a poignant reminder of the ephemeral nature of existence.

Grieving over shattered collaboration dreams, Sonu Tyagi reflects on the missed opportunity to blend his lyrical finesse with Pankaj Udhas’s unmatched musical prowess. Their collaboration was poised to be a testament to the enduring allure of ghazals, captivating audiences across generations. As the industry mourns the loss of Pankaj Udhas, Sonu Tyagi pays tribute to the maestro’s unparalleled talent and legacy. Despite the profound loss, Tyagi remains hopeful that Udhas’s timeless music will continue to inspire and resonate with audiences for years to come.

Sonu Tyagi’s commitment to honoring Pankaj Udhas’s memory underscores the enduring impact of the maestro’s musical legacy. While the collaboration dreams may have been shattered, the spirit of their artistic vision lives on, a poignant reminder of the transformative power of music in touching hearts and souls.

Sonu Tyagi is an award- winning writer/director and producer heading a film productions and celebrity management company, Approach Entertainment and a PR & Integrated Communications company, Approach Communications. He is also heading charitable spiritual organization Go Spiritual India which is working for spiritual awareness, philanthropy, spiritual tourism, spiritual media, spiritual events, organic, health, mental health and social causes.

Noida, March 1, 2024: Jakson Green, a leading new energy transition platform, announced today the signing of its first Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a utility scale solar photovoltaic (PV) power project. This agreement marks a significant milestone for Jakson Green, solidifying its position as a key Independent Power Producer (IPP) in India’s growing renewable energy sector.

The subject PPA originated from SECI’s Tranche XI auction for setting up grid-connected solar projects in India conducted last year. Jakson Green will be responsible for identifying suitable land, installing the project, and acquiring ownership, besides ensuring necessary approvals and connectivity with the ISTS network for supplying power to SECI. The project is expected to be operational within 18 months from PPA signing date, and the power procured by SECI for the period of 25 years has been provisioned to be sold to different discom entities in India. Besides commercial benefits for all stakeholders, the project is expected to generate clean energy sufficient to power close to one lakh households annually, contribute to the elimination of nearly 188,000 MT/year of carbon emissions, and create valuable job opportunities during both construction and operation phases.

“We are thrilled to initiate our collaboration with SECI starting with this project, first of many more to follow in times to come,” said Mr. Kannan Krishnan, Joint Managing Director of Jakson Green Private Limited. “This agreement reinforces our commitment to partnering with leading organizations to accelerate India’s clean energy transition. We are confident this project will significantly contribute to the nation’s renewable energy goals and create lasting value for all stakeholders.”

With this latest power pact inked, Jakson Green nears assets under ownership and development of nearly 1 GW, with further PPAs for sizeably large power assets to be signed over the next many weeks bolstered by a promising development pipeline.

Bengaluru, 1st March 2024 – MOGLU – ‘The Edgy Veggie Restaurant’, a premium establishment that celebrates vegetables in all their decadence and glory, opens its doors in central Bengaluru on 26th February. MOGLU, which takes fresh ingredients that are full of life and gives them the space to shine, stands poised to usher in a renaissance in vegetarian cuisine. Located at 1 Sobha on St Marks Road, this borderless vegetarian restaurant transcends the ordinary and emerges as a culinary beacon.

MOGLU, co-founded by Ankita Shree, an ex-IRS officer turned entrepreneur, and Dr. Kiran Narayanan, a computational physicist who switched to a culinary career at 40 after training at the Institute of Culinary Education in New York, crafts a cuisine that blends cross-cultural influences on a plate. Keeping food at its centre, it is a holistic experience curated and created by the couple over three years and bears their unmistakable signature. Chef-driven and vegetable-forward, it takes what nature offers at a given time of the year and elevates it with a bit of culinary magic. The restaurant launches under the banner of Mamacoco, a vegetarian-forward food and beverage group. MOGLU brings fun and complex vegetarian all-day dining to the city with breakfast, lunch, dinner, cafe, and zero-proof drinks offerings.

“Three things – more choice, better quality, and innovation, in our experience, are currently missing from the vegetarian dine-in segment. MOGLU is bringing to the city food that is inspired, creative, ingredient-driven, and generous. We serve sophisticated vegetarian food that can easily be a choice for a celebratory dinner for a vegetarian, meat-eater or a flexitarian!” says Ankita Shree, positioned as Managing Director at MOGLU.

Culinary Experience at MOGLU

With borderless at the heart of MOGLU’s philosophy, the food doesn’t pay allegiance to any particular cuisine but borrows the best from different culinary traditions to create modern plated dishes. Featuring a menu that evolves bi-annually, MOGLU offers its diners delightful new discoveries, making them want to return for more!

Indulge in signature dishes such as the Buratta with Green Beans & Toasted Lentils. This is a comforting dish where traditional South Indian parippu usli and vethakozhumbu are reinvented into a warm salad using lentil usli and ginger-tamarind sauce. The Barbecue Mushroom Burger – a lion’s mane mushroom barbecue burger with triple-cooked fries is another highlight on the menu. The hearty, meaty lion’s mane mushroom is grilled on a plancha, glazed with house hickory-smoked barbecue sauce and placed in double-raised potato burger buns made at the in-house bakery. The menu also features dishes like the Spinach Coconut Lentil Soup; Massaged Kale, Beets and Paneer Salad; Crispy Okra and Tamarind; Spaghetti Tempeh Bolognaise and more.

Dr. Kiran Narayanan, the Executive Chef at MOGLU, expresses his excitement around the launch.“MOGLU intends to celebrate vegetables by way of culinary art that plays on all of one’s senses. While we have kept many dish formats familiar (think tacos, burgers, steak and fries), we use cross-cultural techniques to make the dishes stand out with the vegetable as the centrepiece. Vegetarian food can be exciting if treated the right way, and that’s what we are committed to. We are ruled by one motto – if it’s on a MOGLU plate, it’s got to be delicious! In the immortal words of Matt Preston, Gary Mehigan and George Calombaris – We are in the flavour business after all!”

Taking a culinary approach to mixology, MOGLU is pioneering a trend of non-alcoholic beverages. Cutting-edge techniques are combined with local flavours like kokum, jackfruit and cardamom to curate a range of in-house base liqueurs, like Campari and Jamaican Rum, which are then used to make delightful zero-proof drinks. Zero, as the menu is called, can be enjoyed independently as exquisite multi-layered drinks or as accompaniments to MOGLU’s borderless vegetable-forward cuisine. From zero-proof base spirits like Mezcal and Jackfruit Rum to the zest of fresh seasonal fruits and herbs, each element is meticulously chosen to infuse zing and punch into every sip, turning your dining experience into a flavourful tale. Some of MOGLU’s signature creations are the Limoncello, Venetian Campari Spritzer, Lychee Champagne, Amaro & Coke and more.

The Breakfast Special

Further to MOGLU’s lunch, dinner, and beverage offerings, the establishment invites you to a delightful morning ritual with an exciting breakfast spread. Encouraging all-day indulgence, taste their array of exquisite tartines, eggless omelettes crafted with egg substitutes and delectable pastries perfectly complemented by a curated coffee programme. MOGLU uses the GI-tagged Arabica beans which are sourced directly from the farmers in Kodagu. Enjoy some of the team’s favourites like the Labneh grape tartine, where succulent grapes meet creamy hung curd and honey. Explore the diverse eggless omelette selection using egg substitutes, featuring the Superfood Omelette with kale, paneer, and vegetables, served alongside Texas hash browns, made the authentic American way, and house sourdough toast. Don’t miss the classic Truffle and Mushroom Omelette for an indulgent twist. Elevate your coffee, tea, or herbal drink experience with the perfect accompaniment of Biscotti or a choice of three delectable chocolate truffle flavours.

Where Architecture and Gastronomy Converge

Nestled within the iconic 1 SOBHA, the restaurant is a captivating fusion of form and style. Its irregular polyhedron shape, overlooking St. Marks Road, sets the stage for an exquisite premium casual dining experience. With a generous 800 sq. ft. seating area accommodating 55 covers, the space features a lofty three-floor-high ceiling and expansive windows that bathe it in natural light, offering panoramic views of the lively street in front. Warm neutral shades of terracotta and beige create an earthy canvas for the holistic dining experience. Versatile seating options cater to both intimate dinners and group gatherings. The high ceiling, taller windows, and charming balconettes create a welcoming ambience with a subtle hint of Roman architecture. Eco-friendly paint on textured walls reflects the commitment to sustainable living. Archways, double-height chandeliers, and strategic lighting add an extra layer of sophistication, making it an upscale and visually appealing hangout spot adorned with greenery accents and curated artwork, ensuring a relaxing and refined experience.

At MOGLU, the joy of dining isn’t just about savouring a good meal. it’s about being surprised and delighted and experiencing the joy of discovering something new with each meal. All of this against the backdrop of impeccable service and the unmistakable warmth of heartfelt hospitality. It is a harmonious blend of the perfect ambience, great music, and impeccable service, where each ingredient adds to the symphony of the MOGLU experience.

The Packaging Films Food Market is a vital segment within the broader packaging industry, primarily concerned with the production and distribution of films used for packaging food products. These films serve a multitude of purposes, including preserving freshness, extending shelf life, enhancing visual appeal, and ensuring food safety. With the growing demand for convenience foods, increasing consumer awareness about food hygiene, and stringent regulations regarding food packaging, the packaging films food market has witnessed significant growth in recent years. Manufacturers in this market continuously innovate to develop films that meet the evolving needs of the food industry while adhering to sustainability standards, according to Persistence Market Research

Market Growth Factors:

Several key factors contribute to the growth of the Packaging Films Food Market. Firstly, the rise in disposable incomes and changing lifestyles have led to an increased preference for packaged and ready-to-eat foods, driving the demand for packaging films. Additionally, growing concerns regarding food safety and hygiene have prompted manufacturers to invest in advanced packaging solutions that offer better protection against contamination and spoilage, further fueling market growth. Moreover, technological advancements in film manufacturing processes, such as the development of barrier films and active packaging materials, have enabled better preservation of food products, thus driving market expansion. Furthermore, stringent government regulations pertaining to food packaging, including labeling requirements and safety standards, have compelled manufacturers to invest in high-quality packaging films, contributing to market growth. Lastly, the growing emphasis on sustainable packaging solutions and the increasing adoption of biodegradable films are expected to further propel the growth of the Packaging Films Food Market in the coming years.

Market Opportunities:

The Packaging Films Food Market presents several enticing opportunities for both existing players and new entrants in the industry. One significant opportunity lies in catering to the rising demand for eco-friendly and sustainable packaging solutions. With increasing consumer awareness about environmental issues and the adverse effects of plastic pollution, there is a growing preference for biodegradable and compostable packaging films. Companies that can innovate and offer such environmentally friendly alternatives stand to gain a competitive edge and capture a larger market share.

Another promising opportunity within the Packaging Films Food Market is the growing trend of premiumization in food packaging. As consumers become more discerning, they are willing to pay a premium for products that offer superior quality, aesthetics, and convenience. This trend opens avenues for manufacturers to develop high-end packaging films with advanced features such as enhanced barrier properties, interactive packaging, and innovative designs that enhance the visual appeal of food products. Capitalizing on this trend can enable companies to differentiate their products and command higher prices in the market.

Furthermore, the increasing focus on convenience and on-the-go consumption presents an opportunity for packaging films tailored to single-serve and portion-controlled packaging formats. With busy lifestyles and the rise of snacking culture, there is a growing demand for packaging solutions that offer convenience, portability, and portion control while maintaining product freshness and quality. Companies that can develop packaging films optimized for such applications, such as easy-to-open seals, resealable closures, and microwaveable films, can tap into this burgeoning market segment.

Additionally, the rapid growth of e-commerce and online grocery shopping represents a significant opportunity for the Packaging Films Food Market. As more consumers opt for online purchasing of food products, there is a need for packaging films that ensure product integrity during transit and storage. Solutions such as tamper-evident films, protective barrier films, and packaging optimized for efficient shipping and handling can address the unique requirements of e-commerce food packaging, creating opportunities for innovation and market expansion.

Market Trends:

The Packaging Films Food Market is witnessing several prominent trends that are shaping the industry landscape. One significant trend is the increasing adoption of sustainable packaging materials. Consumers are becoming more environmentally conscious, driving demand for packaging films made from renewable sources or those that are recyclable or biodegradable. This shift towards sustainability is prompting manufacturers to invest in innovative materials and manufacturing processes to meet these evolving consumer preferences.

Another notable trend is the rise of convenience packaging solutions. With busier lifestyles and changing consumption patterns, there is a growing demand for packaging films that offer convenience features such as easy-to-open seals, resealable closures, and portion-controlled packaging. Manufacturers are responding by developing films that enhance the convenience and usability of food packaging, catering to the needs of modern consumers.

Furthermore, there is a trend towards premiumization in food packaging. Consumers are increasingly willing to pay a premium for food products that offer superior quality, aesthetics, and branding. This trend is driving demand for packaging films with advanced features such as high-end graphics, tactile finishes, and interactive elements that enhance the visual appeal and perceived value of packaged foods.

Market Challenges:

Despite the promising growth prospects, the Packaging Films Food Market also faces several challenges. One of the primary challenges is the increasing regulatory scrutiny and compliance requirements. Manufacturers need to navigate complex regulations related to food safety, labeling, and environmental sustainability, which can increase costs and pose logistical challenges. Adhering to these regulations while maintaining competitiveness in the market is a significant challenge for industry players.

Another challenge is the volatility of raw material prices. Packaging films are primarily made from petroleum-based plastics, and fluctuations in crude oil prices can impact production costs. Moreover, the growing demand for sustainable packaging materials has led to increased competition for bio-based and compostable raw materials, further adding to price volatility and supply chain risks.

Additionally, there is a challenge associated with technological advancements and innovation. While innovation is crucial for staying competitive in the market, it also requires substantial investment in research and development. Keeping pace with rapid technological changes and meeting evolving consumer demands for new features and functionalities can strain resources and pose challenges for smaller players in the market.

Latest Developments:

In recent developments within the Packaging Films Food Market, there has been a notable emphasis on sustainability and eco-friendly packaging solutions. Manufacturers are increasingly investing in research and development to create packaging films from renewable sources such as plant-based materials or recycled plastics. Additionally, advancements in recycling technologies and processes are enabling the development of more sustainable packaging options, further driving innovation in the industry.

Furthermore, there have been significant developments in barrier films technology. Barrier films play a crucial role in extending the shelf life of packaged food products by protecting them from moisture, oxygen, and other external factors. Recent advancements in barrier film technology have led to the development of high-performance films with improved barrier properties, allowing for longer shelf life and better preservation of food quality.

Moreover, there is a growing trend towards digital printing in food packaging films. Digital printing offers several advantages, including shorter lead times, cost-effectiveness for short print runs, and greater flexibility in design customization. Manufacturers are increasingly adopting digital printing technologies to create eye-catching and personalized packaging designs that resonate with consumers and differentiate their products in the market.

In the bustling world of showbiz, connections come in all shapes and sizes. friendships often bloom in the unlikeliest of places. Actress Sonal Singh, known for her role as Bhakti in Zee TV’s “Kyunki… Saas Maa Beti Bahu Hoti Hai,” has a unique best friend who’s not from the glitzy sets of her show, but rather a tiny, feathered companion—a sparrow!

Sonal shares a special bond with a sparrow she fondly calls Chirpy. Despite the glamorous world she inhabits on screen, Sonal finds solace and companionship in the company of this little bird. Their friendship blossomed unexpectedly, but the bond they share is pure and heartwarming.

Talking about their unconventional friendship, Sonal said, “After a hectic day of shooting, coming home to her brings me so much peace. She’s not just a pet; she’s like family to me. We do everything together – pray, celebrate, eat, and even watch TV shows. Unlike some friendships I’ve had before, the bond I share with her has changed me for the better. She’s brought me immense joy and made me see relationships in a new light. Honestly, my day doesn’t feel complete without her. She’s more than just a buddy; she’s my rock, my confidante, always there for me. In this crazy world, she gives me moments of calm and reminds me of the beauty in simple things.”

She further added, “Humans may come and go, but she’s always there, brightening up my life with her cheerful presence. She listens to my worries, shares in my happiness, and never asks for anything in return. Her friendship is pure and unconditional, showing me the value of simplicity and companionship. In a world where relationships can be complicated, her friendship is a reminder that love and support can be found in unexpected places if we’re open to them.”

Sonal Singh, known for her role as Bhakti in Zee TV’s “Kyunki… Saas Maa Beti Bahu Hoti Hai,” is currently captivating audiences alongside Manasi Joshi Roy, Navika Kotia, Himanshu Soni, and Lakshya Khurana. Her talent has earned her recognition in various television shows, including Star Plus’ “Iss Pyaar Ko Kya Naam Doon?,” Sony TV’s “Mere Sai,” &TV’s “Ganga,” and Colors‘ “Devanshi.” She’s also made her mark on Sony TV’s “C.I.D” and “Crime Patrol.” Moreover, Sonal has contributed to Gujarati projects like “Dikri Vahal No Dariyo” and “Lakshmi Sadaiv Mangalam.”