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Magnitude of India’s Infrastructure Needs Collaborative Efforts Between Public and Private Sectors: Careedge Ratings

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Magnitude of India’s Infrastructure Needs Collaborative Efforts Between Public and Private Sectors: Careedge Ratings

Magnitude of India’s Infrastructure Needs Collaborative Efforts Between Public and Private Sectors: Careedge Ratings

~ CareEdge estimates that India will require additional infrastructure investment of USD 18-20 trillion in the next 25 years as it becomes a USD 25-30 trillion economy by 2047 ~

As a part of its 30 th -anniversary celebrations, CareEdge Ratings, came out with a knowledge report covering the dynamics of various infrastructure sub-sectors.

Mr. Nitin Gadkari, Minister of Road Transport and Highways, Government of India, in the presence of Mr. Rajiv Bansal, IAS Secretary, Ministry of Civil Aviation of India, unveiled the report on ‘Infrastructure – Key Driver of India’s Amrit Kaal March’.

“To support infrastructure-led growth, mere budgetary provisions will be insufficient and private participation is extremely crucial. There are four key pillars which will be regarded as the biggest capital in this century- Honesty, Credibility, Quality and Goodwill. Credit rating plays an important role at every step of infrastructure development. Be it for achieving financial closure, or at the time of bidding projects or at the time of seeking refinancing etc. The credit rating assessment is expected to incorporate performance evaluation of the contractors giving a lot of emphasis on quality parameters, transparency, technical innovation in works execution and also achieving cost efficiencies in a time-bound manner. This is the need of the hour,” said Nitin Gadkari, Minister of Road, Transport and Highways, Govt of India.

“We are impressed by the Government’s unwavering commitment, exemplified by multiple ambitious projects such as Smart Cities Mission, Bharatmala Pariyojana, Sagarmala, Gati Shakti, UDAN and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). These initiatives aim to enhance connectivity, upgrade urban infrastructure, develop transportation networks, promote sustainable practices, and bridge the rural-urban divide. Such endeavours lay a solid foundation for inclusive growth and contribute significantly to the nation’s overall progress,” said Mehul Pandya, MD & CEO, CareEdge Ratings.

As India embarks on its journey towards sustainable and inclusive growth in the era of Amrit Kaal, the importance of infrastructure development becomes even more pronounced. Investment in infrastructure yields substantial multiplier effects through diverse channels, such as job creation, enhanced global competitiveness, the attraction of foreign direct investment (FDI), seamless integration of the economy, and upliftment of living standards for the populace.

Infrastructure: Catalyst to High-economic Growth

Post-pandemic, the evolving geopolitical situation and diversification in the global value chain presents a valuable opportunity for India to emerge as a major force in the global arena. To fully capitalise on this opportunity, India needs to enhance domestic preparedness, improve competitiveness, and minimise logistic costs. India’s merchandise exports have a low share of 1.8% in global exports (FY22). As India embraces globalisation, there is a renewed focus on signing new trade agreements to increase India’s share in global exports.

Going forward, India’s infrastructure investment requirement is going to grow sharply. As per CareEdge Ratings estimate, India will require additional infrastructure investment of USD 18-20 trillion in the next 25 years as it becomes a USD 25-30 trillion economy by 2047. Currently, more than 70% of the financing for infrastructure projects comes from the General government and public sector.

Airport sector- Preparing for the next take-off

The Indian airport sector has witnessed remarkable growth, fuelled by robust economic expansion, escalating demand for air travel, and extensive infrastructure development.

Indian Roads Offer a Roadmap for Amrit Kaal Growth

Over the period of FY15 – FY23, the cumulative investment in the roads sector amounted to Rs.23.53 lakh crore. The Government of India’s commitment to implementing successive reforms, the focus on executing the ambitious Bharatmala Phase-I project under the National Infrastructure Pipeline (NIP) and the growth in state capital expenditure have all contributed to creating a favourable investment climate. CareEdge Ratings anticipates a healthy Compounded Annual Growth Rate (CAGR) of 19% in the capital outlay for roads, projecting an increase from Rs. 4.10 lakh crore in FY23 to Rs. 5.85 lakh crore in FY25. The introduction of the Hybrid Annuity Model (HAM), Toll-Operate-Transfer (TOT), and FasTag, along with the harmonious substitution of sponsors, stands out as major successful reforms implemented by the Government of India.

Renewable Energy: Sustained Growth Amidst Execution Challenges

India has achieved a significant milestone in its renewable energy (RE) sector, with an installed capacity of approximately 125 GW as of March 31, 2023. This remarkable achievement is driven by a solar capacity of 67 GW, followed by a wind capacity of 43 GW.

Thermal Power – Sheen to Remain Intact till FY30

The record thermal generation achieved in recent years was facilitated by high coal production and transportation activities throughout India. The proactive measures undertaken by the Government of India have played a significant role in supporting this achievement.

Infrastructure Financing Emerging Strong

India’s G20 presidency presents a golden opportunity for the country to shape its infrastructure agenda and lead the way in global infrastructure development. With the aim of achieving a $5 trillion economy by 2025, India recognizes the crucial role of infrastructure in sustaining its high growth trajectory. The Indian infrastructure financing landscape is maturing, with the availability of private equity, robust regulatory frameworks, competitive debt financing, and innovative financing structures like InvITs (Infrastructure Investment Trusts). However,
addressing challenges and maintaining government focus on stakeholder needs will be vital for unlocking India’s growth potential in the coming decades.

ESG Integrated Infrastructure is the Way

While there is a positive trend in ESG disclosure among infrastructure companies, there is still ample scope to adopt ESG as part of a long-term strategy in business operations. Some of the key aspects of the transition to a low carbon economy are commitment to net zero and carbon neutrality-related targets. CareEdge’s study finds that in the year 2022, 18% of companies committed towards net zero targets in the long run. As the moment has begun towards integrating ESG practices, this is going to be a mainstream topic of consideration in most of the investment decisions in the sector.

Against the backdrop of growing economic and political uncertainty worldwide, the stability and resilience of infrastructure projects provide a ray of hope for patient capital, while contributing to climate targets and the development of more robust and inclusive infrastructure. As India embarks on the ‘Amrit Kaal’ era, a period of great significance, it is crucial for public and private partnerships to seize this golden opportunity by collaborating toward infrastructure-led economic growth.

 

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Burkhard Straube Joins Vianode as New CEO

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Burkhard Straube Joins Vianode as New CEO

Burkhard Straube Joins Vianode as New CEO

Vianode, a Norwegian producer of advanced battery materials with a greener footprint, is excited to announce the appointment of Burkhard Straube as Chief Executive Officer, and Hans Erik Vatne as new Chief Operating Officer. Both leaders bring extensive experience to Vianode, as the company is delivering on its growth plan.

Burkhard Straube is currently the President of the Graphite Solutions Business Unit at SGL Carbon, a position he has held since 2015. Straube, who has extensive international leadership experience from SGL Carbon, BASF and DyStar, will begin as Vianode CEO on 1 October 2023.

“We are thrilled that Burkhard has accepted the position and look forward to welcoming him on the team to help industrialise the production of sustainable anode materials that matter for the world and the green transition,” says Asbjørn Søvik, chair of the board and interim CEO of Vianode. “Burkhard will add deep battery competence with a global perspective on strategy and commercialisation to Vianode. He has experience in preparing and positioning organisations for rapid growth and a background in building businesses for future markets, like e-mobility and energy storage”.

“The sustainable electrification and green transition of our society and industry require responsible, low carbon and domestic European and North American material production. This must be achieved on a large scale and short term. I am inspired by Vianode’s substantial investment plans and goals to contribute to increased range, faster charging, longer service life, better recyclability and safety in electric vehicles. Backed by three strong owners, Elkem, Norsk Hydro and Altor, I am impressed with what Vianode has done so far and really looking forward to becoming a part of the Vianode team,” says Burkhard Straube.

Hans Erik Vatne will join Vianode effective 15 May and replaces Asbjørn Søvik as interim CEO, till Straube joins as permanent CEO and Vatne continues as COO. Søvik remains as chair of the board of Vianode.

Vatne comes from the position as Chief Technology Officer and Head of Corporate Technology Office at Hydro, where he has held various senior management positions for the last 25 years, including plant manager at Hydro Holmestrand, managing director for Hydro Rolled Products and head of Hydro’s recycling plants. Vatne, who has a PhD in metallurgy, has contributed to the technological verification process following Hydro acquiring 30 percent of Vianode in April 2022.

“We are pleased to bring in Hans Erik, as one of the most accomplished technology-leaders in Europe, with significant operational and management experience. His expertise will be important for the successful development of Vianode. Hans Erik also brings valuable learnings from his involvement in Hydro’s Batteries unit,” says Søvik.

“Vianode builds on a strong legacy in advanced material production at an industrial scale that goes back over 100 years, based on renewable hydropower. Vianode represents a new and exciting opportunity to refine renewable energy into products that are essential in our everyday lives. I have become familiar with Vianode in my role at Hydro in recent years and look forward to making the most out of this opportunity, both as interim CEO and later as Chief Operating Officer,” says Vatne.

www.vianode.com

 

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LANXESS to Showcase Comprehensive Portfolio for Battery Production

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LANXESS to Showcase Comprehensive Portfolio for Battery Production

LANXESS to Showcase Comprehensive Portfolio for Battery Production

  • Battery Show Europe 2023: LANXESS at booth 10-E70 in Hall 10
  • Products and solutions for the production of lithium-ion batteries
  • Key precursors for lithium iron phosphate
  • Electrolyte production in Leverkusen
  • Key raw materials for electrolyte conducting salts

From May 23 to 25, specialty chemicals company LANXESS will be at the Battery Show Europe showcasing its portfolio for batteries for electric and hybrid vehicles. The event in Stuttgart is Europe’s largest trade fair for cutting-edge technologies and production processes in this fast-growing segment.

LANXESS offers numerous key raw materials along the entire value chain for the production of lithium-ion batteries. These include raw materials for cathode materials and electrolytes, ion exchange resins for extracting and recycling ultra-pure metal compounds for cathode materials, coolants and colorants for high-voltage applications as well as polyurethane (PU) casting compounds for protecting electronic battery components. Another key product area features flame retardants for high-performance plastics and non-flammable electrolytes that help to improve safety inside and outside battery cells.

The company positions itself as a sustainable and reliable supplier of materials for European battery producers. “Our extensive product range allows us to provide support for setting up local value chains,” says Dr. Martin Saewe, who is heading LANXESS’s initiative for electromobility and circular economy. “Among the areas that we are focusing upon are concepts for establishing circular material flows in the recycling of batteries, further improving the carbon footprints of electric vehicles.”

Flame retardants for plastic components

Flame-retardant high-performance plastics in particular are used in electric vehicles for components such as battery modules, battery housings and high-voltage connectors, as well as for charging infrastructure. To ensure effective flame-retardant properties for plastic components of these types, LANXESS offers numerous phosphorus-based and bromine-based flame retardants for various polymers.

Orange plastics to indicate danger

The color orange is used for high-voltage components in electric cars as a safety feature to warn and thus protect mechanics during maintenance and assembly tasks or first responders in rescue operations. The plastics dyed with Macrolex Orange HT offer excellent stability in terms of color and temperature.

Enabling effective battery cooling

Fast-charging of electric vehicle batteries – which is the direction the market is going – results in generation of considerable amounts of heat. To dissipate this heat effectively, battery cells are cooled directly by means of immersion cooling. LANXESS offers a range of synthetic fluids for this purpose, such as phosphoric esters. They are electrically non-conductive and highly flame-retardant. These are key properties to ensure safe fast charging under any conditions. LANXESS brings its expertise in flame retardant thermal fluids to the task.

Electrolyte formulations and raw materials for conducting salts

Saltigo, a LANXESS subsidiary based in Leverkusen, has entered a cooperation with Guangzhou Tinci Materials Technology Co. (Tinci) to produce electrolyte formulations for lithium-ion batteries. The Chinese company is one of the world’s leading manufacturers of lithium-ion battery materials. Tinci supplies battery cell manufacturers across Europe with ultra-pure formulations from LANXESS.

LANXESS is also a leading producer of anhydrous hydrofluoric acids, phosphorus chemicals, thionyl chloride and fluorosulfonic acid. These vital raw materials are the basis for electrolyte salts such as lithium hexafluorophosphate (LiPF6) and lithium bis(fluorosulfonyl)imide (LiFSI) – all key ingredients in electrolyte formulations. With its fully integrated asset park at its Leverkusen site, LANXESS can help local producers of electrolyte salt to set up local and sustainable battery component manufacturing in Europe.

Cathodes made from lithium iron phosphate (LFP)

Lithium iron phosphate (LFP) is becoming more widely used as a cathode active material that offers a sustainable and cost-effective alternative to materials containing cobalt and nickel. Key precursors for LFP include not only lithium carbonate but also phosphorus chemicals and technical iron oxides. As Saewe explains, “Thanks to our world-class facility in Krefeld-Uerdingen, we are one of the world’s largest producers of iron oxides. LANXESS is also among the leading producers of phosphorus chemistry. So, as a supplier of these key ingredients, made in our world scale assets in the heart of Europe, we can reliably support the growing European demand for LFP.”

Project for lithium extraction

The specialty chemicals company’s project in El Dorado, Arkansas, USA, focusing on the commercial and sustainable extraction of battery-grade lithium from local brine, is proceeding according to plan. LANXESS has partnered with Standard Lithium Ltd. to generate ultra-pure lithium carbonate fromthe brine that historically had only been used for bromine extraction. A key next milestone in this project is the outcome of a “Front End Engineering Design Study”, which should deliver the framework parameters for the technical and commercial side of the process.

Battery recycling with Lewatit resins

Ion exchange resins under the LANXESS Lewatit brand have long been used in ore processing to extract and refine battery-grade nickel and cobalt, as well as purify lithium brine of all kinds. These resins may also be used in another application, the recycling of lithium-ion batteries. “We are working on Lewatit resins, which can be applied to recover lithium, nickel, cobalt, and manganese from the black mass that generates during battery recycling, so these metals can be recycled for new cathodes,” says Saewe.

press.lanxess.com

 

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High-End Films and a Sustainable Film Production for a Better World

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High-End Films and a Sustainable Film Production for a Better World

High-End Films and a Sustainable Film Production for a Better World

Innovations for packaging as well as technical film markets

At Propak Asia from June 14 th to 17 th at the BITEC exhibition center in Bangkok Brückner Maschinenbau will focus on sustainability in film production. At booth Q34 visitors can get a deeper insight into BOPE packaging solutions for improved sustainability, especially BOPE mono-material structures. Brückner will present their BOPP/BOPE hybrid-line for the production of BOPE films, also having the flexibility to produce BOPP films. Film producers can choose between various working widths for full output and high film quality at both products.

A further focus is on battery separator film lines and components for the wet process

  • Sequential & simultaneous lines with an output ≥ 150 Mil m²/year
  • Newly released patents for advanced film production
  • High energy efficiency – low production costs – consistent film quality
  • All lines & components according to international standards and European regulations

Also at the joint booth: Brückner Servtec, presenting their service and upgrading solutions for film stretching lines under the motto “lifecycle and sustainability”:

  • New web appliance for the Brückner ONE service modules, providing even easier access to important production and plant information from anywhere in the world
  • Strengthened local presence of Brückner Group Asia Pacific in Thailand through new specialists on site from the areas of software, electric, mechanic and process
  • Improved local service with much faster response times
  • New OEM certified clip and chain overhaul centre for all chain and track systems, ensuring and maximising the availability of film stretching lines

High-End Films and a Sustainable Film Production for a Better World

www.brueckner.com

 

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New Report Shows That Investment in Sustainable Packaging Material Will Increase Over the Next Five Years as Producers Move to Innovative, Environmentally-Friendly Options

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New Report Shows That Investment in Sustainable Packaging Material Will Increase Over the Next Five Years as Producers Move to Innovative, Environmentally-Friendly Options

New Report Shows That Investment in Sustainable Packaging Material Will Increase Over the Next Five Years as Producers Move to Innovative, Environmentally-Friendly Options

A new report, ‘Sustainable Packaging in Europe: the drive for change’, launched today at the Rethinking Materials Innovation and Investment Summit in London by material technologies business, Aquapak, shows that the European packaging industry is shifting the balance of materials it plans to use in the future and is investing in more sustainable options.

The report, based on unique research with sustainable packaging experts in the UK, Italy and Germany 1 , reveals that 62% expect their company to increase their budgets for investing in sustainable packaging material over the next five years, with a further 23% expecting to see budgets increase dramatically.

This rise in funding is reflected in the predicted increase in use of multi material (a combination of paper and plastic), new polymers and paper over the next five years, whilst the use of polyethylene is set to decline.

The study shows that when it comes to the three of the most common packaging materials, the majority (83%) of respondents expect to increase the use multi material across their product portfolios and almost three quarters (72%) will make more use of paper over the next five years. When it comes to innovative new materials, 69% and 65% anticipate a greater use of new polymers such as PVOH and bioplastics respectively in their packaging material. These trends are similar over a ten-year horizon.

The data shows it is the use of polyethylene which is set to see a decline over the next five years, with 45% of respondents seeking to use less of the material across their product portfolios.

When it comes to the most important attributes of the packaging material used, product protection is the key feature, with barrier properties, extending the shelf life and functionality – ease of use for the end-consumer, regarded as more important than recyclability.

Commenting on the findings, Mark Lapping, Chief Executive Officer, Aquapak, said: “Our research shows that the European packaging industry is moving towards more sustainable materials such as paper and new polymers as they focus on the circular economy. However, it is also clear that the job packaging has to do is paramount, with product protection and functionality a priority. The good news is that new barrier film technologies exist, offering both performance and environmental responsibility at scale.”

Aquapak has developed Hydropol TM , a polymer based on PVOH, which can be successfully coated on to both paper and board, with proven gas and grease barrier properties, with additional functionality such as heat seal and increased paper sheet strength can also be imparted, making it suitable for a range of packaging uses such as bags and pouches.

Aquapak has already proven that Hydropol coated paper is 100% repulpable in standard pulping systems and can be fully recycled and it proven to give real improvement when set against current regulations which allow the ‘recyclable’ label to be used if there is up to 15% unrecyclable material in the product. If littered Hydropol is biodegradable, compostable, as well as being non-toxic and marine-safe.

For more information about Aquapak or to read the report visit www.aquapakpolymers.com

 

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High-Volume Paper Void-Fill System for Large Parcels

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High-Volume Paper Void-Fill System for Large Parcels

High-Volume Paper Void-Fill System for Large Parcels

The new PAPERplus Dragonfly machine is designed to produce fluffy paper pads for fast and efficient void filling in large and medium-sized boxes.

With PAPERplus Dragonfly, Storopack is expanding its protective paper packaging portfolio. Based on the technology of the popular PAPERplus Papillon machine, it is designed for fast and efficient void filling. Adjustable to three different speeds to suit the operators’ packing comfort, PAPERplus Dragonfly produces between 160 and 200 feet of extra wide crimped paper pads per minute, rapidly filling the box to hold down and secure goods for shipment. It’s the only machine on the packaging market with a Variable Cushion Density Feature to create fluffy paper pads with adjustable volume as needed. This allows for optimal pack integrity in medium to large parcels weighing between approximately 11 and 22 pounds.

Extra wide, fluffy paper padding

“PAPERplus Dragonfly is different, innovative and performs better than any other machine on the market,” says Paul Deis, PAPER Product Manager at Storopack. “There is no other system that can produce paper packaging with a comparable ‘fluffy’ volume. This reduces the amount of paper used in a box but still provides the best protection for the product.” Like PAPERplus Papillon, Dragonfly is very safe to operate: with no cutting system, the machine’s sophisticated gears separate the paper. As with other PAPERplus machines, it can easily be incorporated into existing packing processes. The consumable is a two-ply fan-folded paper available in two densities and two bundle lengths, including a continuous feed bulk pallet option for larger volumes.

PAPERplus Dragonfly allows an optimal pack integrity in medium to large parcels.

 

Further information on www.storopack.com

 

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EU Commission Confirms Good Progress in Macbeth Project for Efficient Reactors

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EU Commission Confirms Good Progress in Macbeth Project for Efficient Reactors

EU Commission Confirms Good Progress in Macbeth Project for Efficient Reactors

The MACBETH technology project is taking shape and has received a positive interim evaluation from the EU Commission.

  • Construction of the demonstration plant at the Marl location has started
  • Technology saves CO2 and resources and is thus an important contributor to the European Green Deal
  • Federal Ministry of Education and Research recognizes potential in success brochure

The MACBETH technology project is taking shape and has received a positive interim evaluation from the EU Commission. Shortly after the start of construction of the planned demonstration plant in Marl, the Commission had the progress of the project evaluated. The auditors were very satisfied with the project, which was launched in 2020 and is the largest EU-funded project coordinated by Evonik.

The aim of MACBETH is to develop reactors that make important large-scale chemical reactions such as hydroformylation significantly more energy-efficient. Membranes and catalysts play a central role in this (MACBETH stands for Membranes And Catalysts Beyond Economic and Technological Hurdles). “The project is exceptionally well managed. It is very large and has ambitious goals that are being enthusiastically driven by the project leaders and their partners,” says Assessor Annette Juhr, professor of process engineering at Beuth University in Berlin. Accordingly, considerable efforts were made to avoid jeopardizing the project’s anticipated success, in light of the challenges posed by the coronavirus pandemic.

A central goal of the project is sustainability. Greenhouse gas emissions from important large-volume industrial processes could be reduced by up to 35 percent, with an increase in resource and energy efficiency of up to 70 percent. MACBETH thus makes an important contribution to the European Green Deal. This significant potential has also been recognized by the German Federal Ministry of Education and Research. On its behalf, MACBETH was included in a brochure of just ten success projects that are being funded under the broad EU framework program Horizon 2020.

“The project has already succeeded in bringing the technology of catalytic membrane reactors closer to industrial implementation,” explains Professor Dr. Robert Franke, project coordinator of the overall MACBETH project and head of hydroformylation research at Evonik. The mechanical completion of the demonstration plant is scheduled for Q3 2023.

In hydroformylation, unsaturated hydrocarbons – so-called olefins – are converted into aldehydes using synthesis gas – a mixture of hydrogen and carbon monoxide. Aldehydes, in turn, are important intermediates on the way to higher alcohols, organic acids or esters, which are then used, for example, as plasticizers in plastics or as surfactants.

www.evonik.com

 

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ALPLA: New Generation of Home-Compostable Coffee Capsules

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ALPLA: New Generation of Home-Compostable Coffee Capsules

ALPLA: New Generation of Home-Compostable Coffee Capsules

Blue Circle packaging boasts odour neutrality and tastelessness

Full-bodied coffee flavour, long-lasting enjoyment and straightforward disposal via home compost or in the organic waste bin – packaging specialist ALPLA is rolling out a new generation of biodegradable coffee capsules for the Blue Circle brand as a solution made of an organic material. This stands out in particular in terms of odour and taste neutrality. The certified system in the familiar design offers top coffee enjoyment thanks to improved barrier properties.

Recyclable, safe and particularly tasteless and odour-neutral – ALPLA presents a new generation of biodegradable coffee capsules for the Blue Circle brand. The global packaging company has taken an organic material and developed a home-compostable solution with a barrier. The certified system consisting of a capsule and a sealing foil minimises the effects on the capsule contents and the unwanted migration of coffee aroma to the environment.

With the innovative Blue Circle capsules, ALPLA is offering coffee suppliers, wholesalers, filling companies and roasting plants a resource-conserving alternative. ‘Around the world, consumer behaviour is becoming more and more sustainable. We see ourselves as pioneers and are developing the packaging solutions of the future. With the biodegradable coffee capsule, we are not only helping our customers achieve their sustainability targets, but are also acting in line with the new EU Packaging Regulation, which will require compostable solutions for individual coffee portion packaging in the future,’ emphasises Nicolas Lehner, CCO at ALPLA.

The new biodegradable Blue Circle coffee capsules are especially odour-neutral and tasteless.

 

Enjoyment and safety
The capsules are injection-moulded using the company’s own facilities and are produced in the familiar Blue Circle design for the best results in terms of compatibility and handling. Here, ALPLA is processing a newly developed organic material which is not at odds with food and feedstuff production. ‘The combination of the material, design and production process is key to the capsules’ stability, leak tightness and barrier. Our technological expertise and experience result in the optimum solution for unadulterated enjoyment,’ adds Lehner.

The entire packaging including sealing foil and contents has been awarded the ‘OK compost HOME’ and ‘OK compost INDUSTRIAL’ certification marks by TÜV Austria. The Blue Circle coffee capsules can therefore simply be disposed of via home compost or in the organic waste bin.

 

With the innovative Blue Circle capsule, ALPLA is offering a resource-conserving alternative for top coffee enjoyment.

 

www.alpla.com

 

 

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Koelnmesse Targets More Dynamic Expansion of Its Portfolio in India With Wholly-Owned Subsidiary

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Koelnmesse Targets More Dynamic Expansion of Its Portfolio in India With Wholly-Owned Subsidiary

Koelnmesse Targets More Dynamic Expansion of Its Portfolio in India With Wholly-Owned Subsidiary

  • Koelnmesse acquires all shares of Koelnmesse YA Tradefair Pvt. Ltd. and will operate as Koelnmesse Pvt. Ltd. in future.
  • ​Unified ownership paves the way for growth strategy in one of the world’s largest economies.

Koelnmesse YA Tradefair Pvt. Ltd, Koelnmesse’s subsidiary in India, became a wholly-owned subsidiary of the Cologne-based company at the beginning of 2023, when Koelnmesse GmbH took over the 25 per cent of the shares last held by the external shareholder Ashwani Pande. Immediately afterwards, the company was renamed “Koelnmesse Pvt. Ltd.”.

Gerald Böse, President and Chief Executive Officer of Koelnmesse, is delighted by this significant step: “Acquisition of the remaining 25 percent of the company makes Koelnmesse the sole shareholder of our subsidiary in India. This is an important step due to the significance of the Indian market as well as our excellent development prospects there.”

Milind Dixit, Managing Director of Koelnmesse YA Tradefair Pvt. Ltd. Ltd, adds: “As a wholly owned subsidiary, we are now even stronger. We will be able to respond to trends faster and continuously expand our trade fair portfolio in India.”

With this acquisition, Koelnmesse is paving the way for a significantly higher market share in the region. The growth strategy involves both the expansion of existing trade fairs and the development of new formats. Among other events, the International Hardware Fair India, a new event powered by the INTERNATIONAL HARDWARE FAIR, will be held for the first time in New Delhi this year (2 – 4 December 2023). Further satellite events to the Cologne trade fairs are already in planning as well.

In recent years, Koelnmesse’s focus in India has been on trade fairs within its food and foodtec area of expertise. Trade fairs such as ANUFOOD India (Mumbai), ANUTEC – International FoodTec India (alternating between Mumbai and New Delhi) or the India International Dairy Expo (Mumbai) attracted over 800 exhibitors and more than 50,000 visitors in 2022 alone.

Koelnmesse YA Tradefair Pvt. Ltd. was founded in 2008 as a joint venture between Koelnmesse and Ashwani Pande. The subsidiary’s reach with 28 employees has gradually expanded to include India, Sri Lanka, Myanmar, Nepal, Bhutan and Bangladesh. It has its headquarters in Mumbai as well as a representative office in New Delhi.

www.koelnmesse.com

 

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MEDICAL FAIR INDIA’s 28th Edition Scales New Heights with a Record Turnout of 17,943 Visitors from the Global Healthcare Industry

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MEDICAL FAIR INDIA’s 28th Edition Scales New Heights with a Record Turnout of 17,943 Visitors from the Global Healthcare Industry

MEDICAL FAIR INDIA’s 28th Edition Scales New Heights with a Record Turnout of 17,943 Visitors from the Global Healthcare Industry

Giving a major fillip to the ‘Make in India’ vision of the government, MEDICAL FAIR INDIA 2023 achieves a new milestone by hosting the biggest ever Indian contingent of medical and healthcare manufacturers, alongside an impressive participation of the international players from the sector. The recently concluded 28th edition of the show that took place at Pragati Maidan, New Delhi from 27-29 April 2023, hosted 17,943 visitors to witness the innovations in medical products and services displayed by 450 exhibitors from 17 countries, including India.

Visitors from various industry segments came together for 3 days of conference & focused trade exhibition. The ‘Make in India’ Pavilion, supported by the Association of Indian Manufacturers of Medical Devices (AIMED) showcased indigenous innovations aligned towards the common human goal of ‘best and accessible health for all’.

The show was inaugurated in the presence of esteemed dignitaries from the industry. The guests of honour included Ms. Jennifer Daubeny, Minister (Commercial), High Commission of Canada, New Delhi, Mr. Baushuan Ger, Government Representative at Taipei Economic and Cultural Center in India and Mr. KR Chawla, Head of Office, Controlling & Licensing Authority, Drugs Control Dept. Govt. of NCT of Delhi.

MEDICAL FAIR INDIA 2023 hosted an elaborate trade platform wherein leading manufacturers of medical equipment, consumables, hospital furniture, surgical instruments, components, laboratory and infrastructure showcased more than 5000 products to the visitors. The well-segmented exhibition was spread across an area of 15000+ square meters. Exhibiting countries included Australia, Canada, China, Germany, Hungary, India, Israel, Italy, Malaysia, Singapore, Korea, Sri Lanka, Taiwan, Thailand, United Kingdom, United States of America, and Vietnam. Visitors also got the opportunity to interact and witness innovations at the 4 dedicated country pavilions setup by China, Canada, Korea and Hungary.

Mr. Rajiv Nath, Managing Director at Hindustan Syringes & Medical Devices Ltd, Forum Coordinator at AiMeD (Association of Indian Medical Devices Industry) and Chairman of the Advisory Committee of Medical Fair India 2023 stated, “I laud the efforts of the Messe Düsseldorf India team for making a sustained incremental movement in creating space for meaningful engagement of the national and international medical and healthcare manufacturing industry through this flagship Expo. This journey over the years has been of sheer quality and dedication. This year’s Medical Fair India has surpassed the previous milestones of scale by hosting the biggest ever space for AiMeD and Indian manufacturers. Showcasing young start-ups as well as innovative breakthroughs of the existing large-scale manufacturers of the country gave a major fillip to fulfilment of the ‘Make in India’ mission envisioned by Prime Minister, Shri Narendra Modi. The ‘Make in India’ Pavilion alongside the huge participation from 17 other countries brought together best of the minds, technologies and new arenas for collaborations, which is set to make a huge contribution in projecting India’s prowess in the global medical care landscape more so in light of the country’s successful launch of Made in India vaccine during COVID pandemic backed by Made in India AD Syringes for Safe Vaccine Delivery.”

Integrated Learning & Networking Platform

As special highlights for the visitors, MEDICAL FAIR INDIA also hosted dedicated pavilions with special focus on niche segments. One such feature was the ‘Rehaindia’ Pavilion, powered by ‘REHACARE’, a three-day parallel segment dedicated to the Indian rehabilitation sector. This sector is considered to have a particularly promising future due to the continuously increasing life expectancy and ageing of the Indian society.

On the other hand, Future for Health (FTR4H) Digital Health Start-up Pavilion & conference at the event, was a landmark platform for showcasing the possibilities created by AI-supported technology for the healthcare sector and also for encouraging international and local start-ups. The digitalisation of the Indian healthcare sector holds lucrative business opportunities for companies (including start-ups) from all over the world. The FTR4H Digital Health Start-up Pavilion was a key point of attraction on all 3 days of the show. The participating start-ups presented their solutions for the healthcare sector.

Appreciating the excellent response from the industry, Mr. Thomas Schlitt, Managing Director – Messe Düsseldorf India stated, “I am very delighted to see the healthcare community converging to make Medical Fair India the most significant platform for industry stakeholders. The show has witnessed tremendous growth in every edition. However, the 28th edition of Medical Fair India has surpassed all our expectations with a record-breaking number of visitors attending the show and the biggest ever representation of Indian companies on the exhibition floor. The participation of Indian start-ups and innovators at the ‘Make in India’ Pavilion also grew this year reflecting the contribution of Indian innovations towards the growth of the global healthcare industry. Growing at an exponential pace and with the support of key industry stakeholders, Medical Fair India will continue to deliver a world-class platform to engage and empower the industry year after year”.

Alongside the exhibits, MEDICAL FAIR INDIA also saw in-depth deliberations and discussions among the luminaries of the health and medical fair field, through 4 thought-provoking conferences.

On the first day of the show, the Voice of Healthcare 7th International Healthcare Conference put together a future-first platform to discuss emerging tech trends, smarter infrastructures for building smart hospitals from CXO’s perspective, revolutionising healthcare delivery with med-tech innovations among other topics. The conference was chaired by Dr. Naveen Nishchal, Founder – Meddo, Cygnus Hospital, VOH Incubator. The inaugural panel had representation from government as well as industry leaders. The panel focused on how the government is keeping up with the changing technology the world over and is supporting the Indian industry by making dynamic policies to bring forth home-born solutions onto the global stage. Another session hosted nursing leaders dwelling on the strategies and measures required to lift the nursing profession to the next level of excellence for better patient experience. Mr. Piyush Bhan, Senior Vice President, International Business Development, Salucro Healthcare Solutions India also presented insights on collaborative efforts for streamlining payment experience in Healthcare.

Hosted on the second day and chaired by Mr. Jatin Mahajan, Managing Director at J Mitra & Co., the Clin Lab India conference 2023 stood out for ensuring meaningful engagement of a large number of government policy makers, and members from the academia and industry. The guest of honour, Mr. N Yuvaraj, Joint Secretary of Department of Pharmaceuticals, Government of India encouraged the participants by sharing about the government’s specific policy-level measures to promote the growth of pharmaceuticals, medical devices including the IVD industry in India. Representatives from different government bodies, such as CDSCO, Invest India and NABCB emphasised on issues around the tender system, GeM portal, raising investment for the IVD industry and the need for harmonization of standards for medical devices & IVD and the role of AI. Representatives from ICMR, IIT Delhi, tech transfer organisations and start-ups shared about the progressive initiatives being taken at various levels, specifically at IITs, for fostering relationship with industry. The conference culminated with the session where start-ups shared promising and futuristic ideas for conquering the global IVD market.

The Smart Hospital conference, held on the final day of the show, brought together seasoned as well as young & bright medical experts from the government and private sector. The conference was chaired by Dr. B.K. Rana, CEO, Quality and Accreditation Institute (QAI). The conference kicked off with deliberation by experts from the government, including Dr. Pankaj Kumar Arora, Director, National Health Authority, as well as the industry leaders from Arogyam Medisoft, Dozee and Consint.ai. The integrated digital health infrastructure – Ayushman Bharat Digital Mission (ABDM) and the solutions it provides for integrating health records of citizens, healthcare professionals and policy makers, remained the highlight of the session. Alongside, other issues that attracted attention of the participants included telehealth platform targeting rural India enabling delivery of healthcare at the doorstep, smart telehealth solutions for patient monitoring, AI integration across patient journey, QAI accreditation by Practo to set the gold standards of delivery in telehealth, patient engagement for hospitals and accreditation program on telehealth for Quality and Safe Patient Care developed by QAI.

The ‘Future for Health’ (FTR4H) Digital Health Start-up Pavilion & conference, that has been a significant part of Medical Fair India for 6 consecutive years now, organised sessions under the theme “Data, AI and Personalization at Scale”. Moderated by Mark Wächter, Chief Evangelist for the Global FTR4H society, the sessions on all 3 days focused on various aspects of digital transformation of the healthcare sector. The programme was supported by industry players such as ‘NASSCOM – Center of Excellence – IoT & AI’ as the digital transformation partner, Nagarro as Gold Partner, NRW Global Business as German MedTech Partner along with IIT Kanpur as Academic Partner and other ecosystem partners were PATH, C-CAMP, GINSEP and Medikabazaar.

Concurrent to the exhibition and conferences, the ‘MT India Healthcare Awards’, organised by Medgate Today & powered by MEDICAL FAIR INDIA, honoured the best industry players, institutions and medical professionals for their exemplary work in the healthcare.

The show concluded on a high note with the promise of bringing an even more comprehensive platform in the years to come. The 29th edition of the show will be held in Mumbai from 13-15 March 2024.

A part of Messe Düsseldorf group’s medical exhibition portfolio `MEDICAlliance’, Medical Fair India is organised by Messe Düsseldorf India with the support of Make in India, Association of Healthcare Providers India (AHPI), Association of Indian Manufacturers of Medical Devices (AIMED), Association of Diagnostic Manufacturers of India (ADMI), Quality and Accreditation Institute (QAI) and Voice of Healthcare (VOH), GMAAF – Global Medtech Advocacy & Advisory Forum, NASSCOM Center of Excellence – IoT & AI and Healthcare Events as Knowledge partner for Clin Lab Conference.

All information on the MEDICA FAIR INDIA are available online at: https://www.medicalfair-india.com

 

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