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Business Wire India - Multimedia: Digest for March 14, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with participation from HNIs from UAE and the USA and opened the round for institutional investors. ReHive.Org was the advisor to this round.
 
With circular economy initiatives that generate additional revenue streams and reduce operating costs, QuantoAgro aims to create a sustainable and economically resilient agricultural sector in India and improve smallholder farmer livelihood. It is committed to reducing environmental impact of agriculture, transitioning to chemical-free, regenerative, and commercial-scale farming of aromatic crops to make specialty ingredients like essential oils for pharma, home & personal care, food & beverage, and aromatherapy industries.

"We are delighted by the response we are getting from our customers and are rapidly expanding farming and processing capacity to meet their demands. We will use this funding to increase production capacity, diversify product mix, and hire talent to deliver value to our customers," said Dushyant Gupta, the CEO of QuantoAgro.
 
Recently, QuantoAgro acquired 400+ acres of farmland in Maharashtra for expanding its operations and is setting up a world-class essential oil plant including isolate extraction capabilities.
 
In the next 3 years, QuantoAgro aims to generate 1 million employment days in rural India, expand farming to 3,000 acres, use 1,03,175 MT of agricultural waste, sequester 20,000 tons of carbon, and produce 12,50,000 Kgs of sustainable essential oil.
 
"We believe QuantoAgro's ability to streamline a highly fragmented farming and processing value chain, deliver consistently on product quality, and focus on sustainability will be a game changer in the essential oils industry. We are excited with the overwhelming response from our angel investors and look forward to supporting QuantoAgro in their institutional round," said Sanjay Shukla, Co-Founder and CEO of SANangels Network.
 
Globally essential oils industry is valued at USD 22 billion and Indian market is around USD 1.5 billion with some of the segments growing at 7-12% CAGR. The need to replace synthetic components with sustainably sourced plant-based ingredients is driving demand globally.
 
With its innovative approach to sustainable agriculture, QuantoAgro is well-positioned to take advantage of this growing demand. The company's focus on reducing environmental impact of agriculture while delivering high-quality products has caught attention of customers worldwide.
Business Wire India

 
  • Merck Foundation & The Gambia partnership journey from 2017 till 2023 to be announced and future strategy to be shared to transform Patient care landscape and support girl education in the country.
  • Merck Foundation is transforming the Patient care landscape and making history together with The Gambia First Lady and other partners in Africa, Asia, and beyond.
  • Watch the overview of the 2-day Hybrid 9th Edition of the Merck Foundation Africa Asia Luminary 2022 here: https://www.youtube.com/watch?v=5m4k9Z_M7tg

Merck Foundation, the philanthropic arm of Merck KGaA Germany, recently conducted their annual conference, the 9th Edition of "Merck Foundation Africa Asia Luminary". The conference was inaugurated by Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of both of Executive Board of E. Merck KG and Merck Foundation Board of Trustees, and Senator, Dr. Rasha Kelej, CEO of Merck Foundation and Chairperson of Merck Foundation Africa Asia Luminary, and H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of the Republic of The Gambia & Ambassador of Merck Foundation "More Than a Mother" along with African First Ladies of Botswana, Burundi, Democratic Republic of Congo, Ghana, Liberia, Malawi, Mozambique, Namibia, Sierra Leone, Zambia, Angola and Central Africa.
 
"H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of The Gambia & Ambassador of Merck Foundation "More Than a Mother" is our long-term partner since 2017. We had a long meeting during 9th edition of our Luminary to discuss our joint programs and strategy and report its impact. I am proud to share that together we have provided 34 scholarships to young Gambian doctors in many critical and underserved specialties including Fertility & Embryology, Oncology, Diabetes, Endocrinology, Sexual & Reproductive Medicine, Respiratory Medicine and Acute Medicine. Together, we are making history in The Gambia by providing training to first specialists in many fields such as Oncology, Respiratory, Fertility, Embryology, Reproductive Care, Diabetes, Endocrinology and more," emphasized Senator, Dr. Rasha Kelej, CEO of Merck Foundation. 
 
H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of The Gambia & Ambassador of Merck Foundation "More Than a Mother" emphasized, "Our partnership journey is growing from strength to strength as we have achieved many important and significant milestones since 2017, when I hosted Merck Foundation CEO and together, we launched the programs in my country. Together we have been able to provide 34 medical scholarships to our young doctors. We consider it to be a very high number for our country and will contribute significantly to The Gambia's health security and its economic and social development.
 
Together we are also working on various initiatives to raise awareness about critical social and health issues like Breaking Infertility Stigma, supporting Girl Education, Stopping GBV, Ending Child Marriage & FGM, diabetes & hypertension awareness. We have launched together 7 children's storybooks on these issues to sensitize them from young ages. Furthermore, we have also launched awards of best media, song, film and fashion designs to encourage our journalists and artists to raise awareness on these important topics."
 
Watch partnership journey of Merck Foundation with The Gambia First Lady: https://www.youtube.com/watch?v=UFzXT8zIrGY
 
Watch the video of The First Lady of The Gambia & Ambassador of Merck Foundation "More Than a Mother" during the Merck Foundation Africa Asia Luminary 2022 here:
https://www.youtube.com/watch?v=IOzfJ_izAoQ
 
On day 2 of the Luminary, Merck Foundation First Ladies Initiative- MFFLI committee meeting was also conducted between The First Ladies and Merck Foundation Chairman and CEO. During the MFFLI committee meeting, the future strategy of 2023 was discussed and the impact of their partnership programs since 2017, were announced.
 
"I personally enjoyed our reading session of Children's storybooks created by Merck Foundation, 'Jackline's Rescue' – to focus on the importance of Girl Education and highlight the immoral practices of society including child marriage & dowry system; and 'A Ride Into The Future' – to emphasize on the importance of empowering girls through education. It was my favorite part of MFFLI committee, I hope we keep doing this every year," Senator Rasha Kelej emphasized.
 
Watch the video of MFFLI committee meeting: https://youtu.be/hGd8fTM7qwg
 
During the Luminary, an important one-to-one meeting between The First Lady of The Gambia and Merck Foundation CEO, Senator, Dr. Rasha Kelej was held to discuss the impact of on-going programs and define strategies to further build healthcare and media capacity in The Gambia.
 
Watch the video of Merck Foundation CEO, Senator, Dr. Rasha Kelej receiving The Gambia First Lady, H.E. Mrs. FATOUMATTA BAH-BARROW:
https://www.youtube.com/watch?v=CtYPdbRl4wo

Together with The Gambia First Lady, Merck Foundation has made history by providing 34 scholarships so far, out of which 19 scholarships have been provided for Fertility Training and one year Post Graduate Diploma, two-year Master degree in Sexual and Reproductive Medicine, to be the first specialists in The Gambia.
 
Moreover, 5 scholarships have been provided for Diabetes specialty training, 2 scholarships for the Oncology Fellowship program, 7 scholarships for One Year PG Diploma and two-year Master degree in Acute Medicine and Respiratory Medicine and also 1 scholarship for Two years PG Diploma in Neonatal Medicine, to also be the first specialists in their country.
 
"Merck Foundation has always believed in the importance of building healthcare capacity and has been working towards this since 2012. We will continue to provide medical training to Gambian doctors in various medical specialties in partnership with the First Lady of The Gambia," assured Senator, Dr. Rasha Kelej.
 
Merck Foundation in partnership with The Gambia First Lady has also initiated their program "Educating Linda", to support the education of 20 underprivileged but brilliant schoolgirls by providing scholarships till they graduate. Moreover, 3000 sets of essential school items were provided to Gambian school-going girls.
 
Moreover, Merck Foundation together with The First Lady of Gambia conducted their online Health Media Training and also celebrated the winners of the Merck Foundation Media Recognition Awards. The training was conducted to emphasize on the important and critical role of media to sensitize the communities about the social and health issues such as: breaking infertility stigma, ending child marriage, supporting girl education and diabetes & hypertension prevention and early detection.
 
Merck Foundation also announced the Call for applications for their 8 important awards in partnership with The First Lady of The Gambia for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields.
 
Merck Foundation in partnership with The Gambia First Lady has also launched an empowering song to break the stigma around infertility in Africa and the rest of the world as part of 'More than a Mother' community awareness campaign. The song urges men to support their wives during the treatment journey of building a family and delivers an important message 'Fertility is a Shared Responsibility'. It has been written and composed by Sunita, a young female artist from The Gambia.
 
Link to the song: https://www.youtube.com/watch?v=Cb0SEqMO0Sc&t=69s
 
The 9th Edition of Merck Foundation Africa Asia Luminary 2022 was streamed live on the social media handles of Merck Foundation and Senator, Dr. Rasha Kelej.
 
Link to the Facebook live steam of Inaugural Session of Merck Foundation Africa Asia Luminary & African First Ladies High Level Panel: https://www.facebook.com/KelejRasha/videos/1578702445903102
 
Merck Foundation is transforming the Patient care landscape and making history together with its partners in Africa, Asia, and beyond, through:
  • 1470 + Scholarships provided by Merck Foundation for doctors from 50 Countries in 32 critical and underserved medical specialties.  
 
Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through:
  • 2200 + Media Persons from more than 50 countries trained to better raise Awareness about different social and health issues
  • 8 Different Awards launched annually for best media coverage, fashion designers, films, and songs
  • Around 30 songs to address health and social issues by local singers across Africa
  • 8 Children's Storybooks in three languages - English, French, and Portuguese
  • Pan African TV Program "Our Africa by Merck Foundation" addressing Social and Health Issues in Africa through "Fashion and ART with Purpose" Community
  • 1000+ Girls from 15 African countries supported through scholarships or school items, annually
  • 9 Social Media Channels with more than 5 Million Followers

​Click on the icon below to Download Merck Foundation App
https://www.merck-foundation.com/MF_StoreRedirection

Join the conversation on our social media platforms below and let your voice be heard
Facebook: Merck Foundation
Twitter: @MerckFoundation
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www.merck-foundation.com
Business Wire India

  • Almost 90% of the respondents feel that a compact smart car can reduce their travel time and parking hassle.
  • Over 74% Indian face difficulties due to the lack of parking space in their respective cities
  • 69% respondents consider environment as an important factor while purchasing a car.
  • Personal mobility is a preferred and reliable mode of commuting, according to 73% of the respondents.
  • MG has introduced Urban Mobility Happiness Survey to measure urban citizens' satisfaction with their urban transportation choices.
  • Link to the detailed report: https://acrobat.adobe.com/link/review?uri=urn:aaid:scds:US:17a0ca5a-ba3a-3a1e-ae8a-e84873b357dd
     
​MG Motor India released its report on the findings of Urban Mobility Happiness Survey today. The survey, conducted by Nielsen gathered valuable insights into the mobility patterns of people residing in major Indian cities, and the challenges they face while commuting. The findings of the survey are a reflection of the state of urban mobility in India, and could prove to be useful for all stakeholders, including policymakers, to facilitate better urban mobility infrastructure for all.

The survey was conducted in the 8 Indian cities of Ahmedabad, Bengaluru, Pune, Mumbai, Delhi NCR, Chennai, Hyderabad, and Kolkata, most of which are known for the numerous challenges faced by their residents during their daily commute. Respondents to the survey included males and females aged 18 to 37 years, having at least one car in their household. Key revelations from the survey are as follows:
 
74% recognize insufficient parking infrastructure as a common problem.
Vehicle parking is a common issue faced by car-owners in Indian cities. Merely 26% of survey respondents found it easy to locate parking, while 74% struggled with the availability and management of parking spaces in their cities. Approximately 64% of individuals reported that they either decided not to use their cars due to the unavailability of parking or had to adjust their plans according to parking availability.
 
71% of car owners in India travel with only one co-passenger
Shared mobility is not a popular practice amongst most car-owners in Indian cities. About 71% respondents to the survey reported taking their car out alone or at most with one other passenger. Only a meager 1% of the respondents reported to always travel with more than one passenger.
 
73% urban commuters prefer personal mobility for commuting.
Cars are commonly used for commuting within the city, with 73% of respondents reporting daily or occasional use for travel to work or college. In addition, urban car-owners frequently use their cars for household errands, shopping, social outings, and weekend trips. 38% of survey participants also reported using their cars for emergency situations.
 
With petrol still being preferred, respondents identified a major shift in different powertrain options.
Despite growing environmental concerns related to fossil fuels, a considerable portion of individuals in major Indian cities still favor petrol-powered vehicles. According to the survey, 50% of respondents own petrol vehicles, while 35% own diesel vehicles. Nonetheless, there is a rising trend among car owners to shift towards alternative powertrain technologies.
 
81% reported to use the luggage space for carrying a laptop bag.
The findings of the survey reveal that about 77% respondents use the luggage space of their car every day. Amongst these, 81% reported to use the luggage space for carrying a laptop bag.
 
Longer distances and travel times make urban travel woeful
About 71% of the respondents to the survey reported to be spending more than 30 minutes to an hour for their daily commute to work or college. As many as 61% of respondents admitted to experiencing increased travel times as compared to their usual travel time from five years ago.
 
Fuel price hikes affecting urban commuters.
Increased prices of fuel have had a universal impact within the country, with urban car-owners being no exception. About 52% people reported the fuel hikes having highly impacted them. Also, almost 50% respondents reported spending more than INR 6,000 a month on fuel each month.
 
Air and noise pollutions in cities a cause for concern
Air and sound pollution is a major concern for most city-dwellers, which is amply reflected by the findings of the UMHI. More than 80% of the respondents feeling that the air in their city is polluted. Likewise, an equal proportion of survey participants affirmed the presence of noise pollution in their urban area by nodding in agreement. In addition to this, 69% respondents reported considering environment as an important factor while purchasing a car.
 
Compact smart cars a possible solution to urban mobility challenges
Smart mobility solutions have for long been touted as possible answers to the problems faced by urban mobility in India. The UMHI survey found that almost 90% of people felt that a compact smart car can reduce their travel time in city, solving a great many of the challenges they face during their commute every day.
 
Gauging Happiness Quotient
Prolonged commutes due to distance and on-road congestions, combined with the prevalent noise and air pollution, induce anxiety amongst commuters in all major Indian cities. The survey found that more than 80% respondents to the survey experienced anxiety during their daily travel in the city. The survey also calculated a city-wise happiness score for mobility, based on ratings provided by the respondents on selected parameters. While Kolkata, Pune and Chennai scored well on the index, ratings for Bengaluru, Ahmedabad, Mumbai, Hyderabad and Delhi NCR reflected the respondents' discontentment pertaining to the state of mobility in their cities.
 
Commenting on the survey, Gaurav Gupta- Chief Commercial Officer from MG Motor India said, "The findings of the 'Urban Mobility Happiness Survey' have provided us with valuable insights into the driving behavior of Indian consumers and their preferences for mobility solutions. The survey clearly reflects that car owners, along with the performance and features of their vehicles, also prioritize convenience, safety, and overall driving experience. As a brand that is driven to deliver state-of-the-art mobility solutions, we understand the importance of keeping up with the evolving needs of our customers."

Utkarsh India Recognized as a Great Place To Work

Monday 13 March 2023 11:41 AM UTC+00
Business Wire India

Utkarsh India is officially recognized as a Great Place to Work by the esteemed Great Place to Work® Institute.

Utkarsh India is dedicated to creating an environment where all employees can thrive and reach their highest potential. Utkarsh India focuses on building a High-Trust, High-Performance Culture that drives better business performance and employee engagement. The team is proud to have been recognized for their efforts.

Great Place To Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits, and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.

Speaking about the certification, Utkarsh Bansal, Director, Business Strategy said, "As the company has progressed year on year, we have constantly updated our policies and work environment to be in line with the stature of the company that we have become today. This certification is a testament to the effort put in by our team. We are truly a global company, not just in terms of our reach, but also in terms of our internal standards and practices and we hope that we continue to adapt ourselves to maintain the highest level of being a great place to work in."

Speaking on the occasion, Mr. Sunil Bansal, Managing Director & Chairman, Utkarsh India said, "It has always been part of our mission statement since the inception of the company to provide opportunities for all our employees to grow, develop & thrive. Receiving this certification is an occasion of joy for all of us at Utkarsh India Limited that we have been successful in being true to our mission. Each employee of our company is integral to making us what we are today and we would like to attribute our company's success to them."

About 41% of the employees have been with Utkarsh India for over 10 years or more, and 18% for more than 20 years. Long employee tenure is a testimony to Utkarsh India's splendid HR practices.

The research shows that great leadership, consistent employee experience, and sustainable financial performance characterize great workplaces. It also shows Utkarsh India can deliver a consistent experience to all their employees irrespective of their role, gender, tenure, or level. Their leaders believe in the vision of creating and sustaining a great place to work for all and role models for all leaders. 

With training programs, healthy interactions, constructive feedback, and performance-boosting programs, Utkarsh India tries to keep employees motivated and moving forward in a spirit of cooperation and growth all the time.

Utkarsh India Limited markets a majority of its products in India, while maintaining steady growth in the export markets. The company has earned revenues of Rs. 1519.30 CR in FY 2021-22, and has surpassed revenue of Rs. 1374.66 CR as of 9 months in FY 2022-23.
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