Hyundai Launches Global Sedan ‘Next Gen Verna’

Next Gen Verna

Hyundai Motor India Ltd, the country’s 2^nd largest car manufacturer and leading passenger car exporter today, launched the much-awaited 5^th Generation Super Performer Brand - The Next Gen ‘VERNA’.

With over 8.8 million customers in 66 countries The Next Gen Verna is one of the most loved brand globally. The Next Gen Verna is ‘Intelligent by Design’, it is developed on four strong pillars: Futuristic Design, Dynamic Performance , Super Safety and New Technology & Advanced Features. The Superior performance of Next Gen Verna stems from vehicle’s SUPER BODY STRUCTURE  built with 50% Advanced High Strength Steel (AHSS).

Speaking at the launch of The Next Gen Verna, Mr. Y K Koo, MD and CEO, Hyundai Motor India Limited said, “ The Next Gen Verna is ‘Intelligent by Design’ and an All-rounder car with Human Technology Connect comprising Futuristic Design, Smart Connect, Ingenious Detailing, Superior Dynamics and Super Body Structure for new age aspirational customers. The Verna brand has been a landmark product in Hyundai growth story winning many prestigious accolades worldwide. The Next Gen Verna is engineered to deliver excellence in all core areas of Styling, Performance, Technology, Safety and Ride & Handling creating a new benchmark in the sedan segment.”

Mr. H S Ha, Design Director Hyundai Motor Company, Mr. Y K Koo, MD & CEO, HMIL,

Futuristic Design

The  Futuristic exterior styling of Next Gen Verna is Sporty, Aggressive and Modern. The exterior styling elements of Next Gen Verna are inspired by Dynamic Expression. The front is defined by Hyundai’s Signature Chrome Cascade grille with horizontal chrome slats and chrome surround that projects bold, yet premium stance of the car.

While the swept back Projector Headlamps with LED DRL enhances the sporty appeal it also ensures Superior illumination. The projector fog lamps with chrome surround ensures strong and focused illumination  The side profile is designed with a sense of sporty & coupe like silhouette while the slopping window chrome beltline boosts style quotient. The modern dual tone rear bumper with black tone insert further enhances the dynamic and sporty appeal.  The eye catching split type LED Tail lamps with LED guides give hi-tech and premium appeal to the rear. The Aerodynamic profile of the car along with Shark fin antenna and slopping roof line enhances the sporty appeal of the car. The aerodynamic design elements have increased the overall stability of the car and lowered the coefficient of drag to 0.308.

Key Exterior Features:

• Projector Headlamps with LED  Daytime Running light (New)
• Projector Fog lamps with chrome surround (New)
• 2 Piece LED Tail Lamp (New)
• 5 Spoke Diamond Cut 16” Alloy Wheels
• Chrome side window line
• Shark fin Antenna
• Rear Chrome Garnish (Accessory fitment)

The  Modern and Driver oriented interiors creates a perfect blend of premiumness and convenience. The all new layout with attention to detail makes the interior feel more comfortable and spacious.  The Driver- oriented center console along with ergonomically  located controls provides an intuitive access with minimal distraction to the driver for comfortable and safe driving.  Practical in-cabin storage space and enhanced boot capacity  of 480 litres ensures that there is ample luggage space for comfortable family week-end trip.

Key Interior Features:

• Supervision Cluster integrating  3.5˝ Mono TFT-LCD offers all the useful information with outstanding visibility (New)
• Rear Adjustable Head Rest (New)
• Sliding front centre console armrest (Best- in- segment)
• Spacious Cabin with Sporty Dual Tone Beige and black interiors with Superior quality materials
• Cooled Glove box
• Leatherette Upholstery with soft pad door arm rest adds richness & Luxury in the cabin

Dynamic Performance

Built on All New K2 platform similar to Hyundai’s Global Bestseller Elantra, the Next Gen Verna offers a whole new level of ride comfort with smooth & precise handling, exceptional interior quietness and enhanced safety.

The Superior Ride and Handling characteristics of platform are complemented by McPherson Strut Suspension in front and Coupled Torsion Beam Axle (CTBA) with Vertical Shock Absorber   along with Hydraulic Rebound Stopper (HRS) in rear for improved damping, ensuring a comfortable ride and stabilized driving.

Exterior Dimensions

Length x Width x Height	4,440 x 1,729 x 1,465 mm
Wheelbase	2,600 mm
Max Tyre	195/55 R16 Alloy Wheels
Ground Clearance (Unladen)	165 mm

The trustworthy driving performance and stability make Next Gen Verna a driver's car. The Next Verna gives Choice of Efficient and Advanced Powertrains. The driver can feel the power of technology with option of two performance packed engines of Next Gen Verna.

Hyundai's powerful, efficient and proven 1.6L Dual VTVT Petrol and 1.6L U2 Common Rail Technology VGT diesel engine offers powerful performance with low NVH, high fuel efficiency and durability for exceptional city and highway driving pleasure.

Engine Specifications

Engine	Capacity (cc)	Maximum Power (ps/rpm)	Maximum Torque (kgm/rpm)
Petrol 1.6 L Gamma Dual  VTVT	1,591	123@6,400	15.4@4,850
Diesel 1.6 U2 CRDi	1,582	128@4,000	26.5@1,500~3,000

In-house developed 6-Speed Manual and 6-Speed Automatic Transmission offer superb smoothness and better fuel efficiency.

Mileage

Engine	ARAI (Certified figures) (6 Speed MT)	ARAI (Certified figures) (6 Speed AT)
Petrol 1.6 VTVT	17.70 Kmpl	15.92 Kmpl
Diesel  1.6 VGT	24.75 Kmpl	21.02 Kmpl

Super Safety

All Hyundai cars are developed, tested and built under the Hyundai ‘Safe-Drive Philosophy’. Beyond active safety technologies, Next Gen Verna is built to comply with Hyundai’s strict safety standards, helping it to meet the safety requirements.

The SUPER BODY STRUCUTRE of Next Gen Verna is developed with 50% of Advanced High Strength Steel (AHSS), an additional 37% increase over the previous generation model. AHSS components are used to increase stiffness of chassis and protect passengers effectively in case of collision. The Hot stamping on door pillars provides cabin protection in case of side collisions.

Key Safety Features

• Dual Airbags, Anti-Lock Brake system (ABS) with EBD
• ISOFIX (Child Restraint System) as Standard fitment (New)
• 6 Airbags
• Front Projector Fog Lamps (New)
• Impact Sensing Auto Door Unlock (First-in-Segment)
• Cornering Lamps (New)
• Reverse parking camera with steering adaptive guidelines
• Rear Parking Sensors

New Technology  and Advanced Features

The  Next Gen Verna offers a host of premium and Segment Unique Comfort Features such as Front Ventilated Seats (First-in Segment) for keeping seats cool in hot weather, Smart trunk (First-in-Segment) that automatically unlocks and pops-out when the owner stands with-in 1 metre behind the vehicle with smart key for more than 3 seconds and the new Electrically Controlled Smart Sunroof  gives a sense of openness and premium ambience inside the cabin.

The Next Gen Verna features advanced infotainment system with 7.0 IPS (In Plane Switching) capacitive touch screen - Audio Video Navigation System (AVN) with rear view camera improves driver visibility and functionality.  Multimedia system is equipped with Apple Carplay, Android Auto  and Mirror Link for seamless integration of app based navigation, streaming audio, voice controlled search capabilities and smartphone applications. For the first time, the Next Gen Verna comes with 6 speakers along with SMART SURROUND SYSTEM by 'Arkamys’ delivering a music experience much closer to the artists original intent.

The efficient cooling of the Next Gen Verna keeps its occupants cool, Comfortable and Pleasant while maintaining clean and healthier cabin environment. The Eco Coating Technology (World Premier) prevents unpleasant smell to develop in the AC Evaporator by degrading the micro-organisms developed in the AC Evaporator Core. The Eco coating technology ensures odour free and fresh air for a comfortable and pleasant journey.

Some Key Interior features include

• Front Ventilated Seat (First-in-Segment)
• Smart Trunk (First-in-Segment)
• Smartphone connectivity with IPS Panel (Best-in-Segment)
• FATC with Cluster Ionizer (Best-in-Segment)
• Electric Sunroof (New)
• Rear AC Vents (New)
• Voice recognition (New)
• Cruise Control  (New)
• Rear Curtain (New)
• Engine Start/Stop Button

Hyundai Auto Link (New) is a dynamic new way to stay connected with your car. The vehicle health check, Driving information, Road side assistance, Driving History, Eco Driving and Vehicle Health history all can be checked with click of button.

Mr. H S Ha, Design Director Hyundai Motor Company, Mr. Y K Koo, MD & CEO, HMIL, Mr. S J Ha, Director Sales and Marketing, HMIL, Mr. Rakesh Srivastava, Director Sales and Marketing, HMIL

Hyundai Customer Care Program

Hyundai vision is to be the Life time partner of its customers. We are always around and near to our customers. As a unique customer Experience, the Next Verna will be  offered with Lowest Cost of maintenance and warranty with 3 Years Unlimited Kilometres, 3 Years Road Side Assistance, 3 times Map Updation and home visit on 15^th  Day of purchase for all the customers of Next Gen Verna.

Colour and Variants

To match the Sporty and Dynamic characteristics of The Next Gen Verna, 4 new colours have been introduced making it an array of 7 exterior colours options with 12 Variants.

Prices of each variant

Ex Showroom Price Delhi			E	EX	SX	SX(O)
	Petrol	MT	7,99,900	9,06,900	9,49,900	11,08,900
		AT	-	10,22,900	-	12,23,900
	Diesel	MT	9,19,900	9,99,900	11,11,900	12,39,900
		AT	-	11,39,900	1,261,900 (SX+)	-

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the  second largest car manufacturer and leading passenger car exporter in India. It currently has ten car models across segments – Eon, Grand i10, Elite i20, Active i20, Xcent, Verna, CRETA, Elantra, Tucson and Santa Fe. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities.

HMIL forms a critical part of HMC’s global export hub. It currently exports to around 87 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. To support its growth and expansion plans, HMIL currently has 480 dealers and more than 1,260 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.

NASSCOM-Akamai Technologies report showcases how internet is changing India

The National Association of Software & Services Companies (NASSCOM) today launched “The Future of Internet in India” report in partnership with Akamai Technologies, Inc. (NASDAQ: AKAM), a global leader in content delivery network (CDN) services. The study was researched and created by YourStory.com, a leading media platform for entrepreneurship, in collaboration with Nasscom and with supporting data from Akamai and other sources. The report, launched by Mr. R Chandrashekhar, President, NASSCOM and Dr. Tom Leighton, Co-founder, CEO Akamai Technologies, aims to understand the impact of the Internet on the way we live, learn, work, shop and connect; and focuses on the future trends that will change the landscape of India by 2020.

NASSCOM-Akamai Technologies report

Speaking at the launch, Mr. R Chandrashekhar, President, NASSCOM stated that, “India’s Internet consumption has already exceeded USA to become No. 2 globally. Keeping into consideration the massive impact that the Internet is creating across sectors, it has become the greatest disruptor of our age by changing the way we work, interact socially and live life in general. By 2020, the Internet is expected to penetrate deeper in the hinterlands of the country, helping to create more opportunities for everyone.”

Predicts ~730 million users in India by 2020 and growth of Internet in verticals such as Hospitality, e-Commerce, Financial Technologies, among others

“The rapid growth of the Internet and its expansion into verticals including e-Commerce, Travel and Hospitality, Public Sector, Financial Technology and Media is a clear indication of the state of things to come,” said Mr. Chandrashekhar.

According to the report, India’s Internet user base is the second largest after China. Globally, the number of Internet users is expected to touch 4170 million by 2020[1]. The growth of the Internet has successfully created a strong ecosystem for new businesses to tap into growing markets and create solutions to address their demands.

“The start-up ecosystem in India, coupled with the government’s initiatives make the Internet accessible to every citizen across the country, is helping India set the stage to enable large numbers of ‘netizens’ to reap the benefits of the Internet. With the rise of digital natives and the increased adoption of smartphones, Internet penetration in India will stretch beyond the large cities, as more services and devices come online. This is also a great opportunity for enterprises to harness the power of the Internet to innovate and scale operations,” said Mr. Sidharth Malik, Vice President and Managing Director, India, Akamai Technologies.

Online shopping will account for two-thirds of the total e-Commerce market, edging out travel

According to the report, the overall e-Commerce market in India was valued $17 billion in FY 2016, and by 2020, India will have an estimated 702 million smart phones in use and mobile phones will emerge as the preferred device for shopping, accounting for 70% of total online shopping. The fashion and lifestyle segment will emerge as the largest e-tailing category with a 35% contribution to e-Commerce GMV by 2020, overtaking the consumer electronics segment which dominates the sales of Indian e-Commerce industry at present.

50% of travel transactions to be online by 2020

Travel across India, for social visits, leisure, shopping and holidays is all set to increase and more people will be booking online, taking advantage of competitive pricing offered by online travel agents (OTAs) and aggregators. An increasing amount of user-generated content online (views on social media, reviews on websites, etc.) is driving aspirational travel, tipping the scales in favour of trips that were once only contemplated, never undertaken.

Media and OTT – All moving online, one app at a time

The availability of affordable smartphones and tablets has encouraged the second screen phenomenon. With the rapid adoption of smartphones and next generation networks, content consumption patterns and consumer engagement channels are rapidly evolving. Even in its nascent phase, the video-on-demand (VOD) market is highly competitive in India.

Financial technology – Disrupting the way India pays online

Fintech is disrupting financial services and is likely to have far more widespread impact on society and the Indian economy, both directly and indirectly. The fintech software market within this was pegged at $1.2 billion (13-15%[2]). The remaining 87% focus on services, primarily in payments (60% of the market, including ATM/Point of Sale [PoS]) and core banking services. Overall, according to the report, India’s fintech market is expected to grow 1.7x between 2015 and 2020. While cash-on-delivery may remain the preferred mode of payment for newer users, keep in mind that use of mobile banking and e-wallets is surging.

The future is bright but there is a greater need to collaborate

In times to come, while mobile will be a key access device, larger devices will continue to be important in areas like education and business. Multiple stakeholders will need to work in tandem to bring the next generation of Internet users (rural based, mobile centric, local language focused) online in India. Further, with digital connectivity, the risk of cyber-crimes also increases. With multitudes of people using e-Commerce and transacting online, there is a huge need for technologies that can prevent data theft. India is witnessing a huge demand for security professionals (technologists and analysts, alike). In line with these growing demands, security has become one of the key focus areas for NASSCOM Sector Skills Council, working towards creating the right cybersecurity skill sets for Indian IT professionals.

About NASSCOM

NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPM industries in India. NASSCOM is a global trade body with more than 2100 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-Commerce and web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 3.5 million professionals.

About Akamai®

As a global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

Genpact Social Impact Fellowship Launches in Partnership With EdelGive Foundation

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced the launch of the Genpact Social Impact Fellowship (GSIF) in partnership with EdelGive Foundation, the philanthropic division of Edelweiss Group. Designed as a one-year program to work on high-impact projects in India, Genpact has hand-picked seven fellows who will bring all their expertise in process excellence to work with NGOs for generating social impact.

Genpact Social Impact Fellowship

“GSIF is a game-changing initiative. Our objective is to build lasting social organizations that can scale in the communities we are part of globally. Creating sustainable social impact has always been our focus. We bring our areas of strength and our capabilities to these social organizations that have a great vision, mission and passion, and when leveraged with our process expertise and execution experience sets them up to scale up,” said NV ‘Tiger’ Tyagarajan, President and CEO, Genpact.

Extending Genpact’s core competency of process excellence to the social sector, the one-year fellowship program has seven fellows deployed on projects with four NGOs

Working in the area of education with NGOs like Teach for India, Kaivalya Education Foundation and Udayan Care will be seven fellows, including a senior resource with advanced quality certification to improve process capability and help design smarter solutions. They will be deployed on projects ranging from improving instructional hours in government schools to creating blueprints for scaling up a scholarship and mentoring program for meritorious but underprivileged girls.

With mentorship from top leaders all through the journey, fellows will work on the ground to solve for the respective NGOs’ challenges and increase the efficiency and effectiveness of their projects. “The ability to make a meaningful impact on the not-for-profit sector without a dent on your corporate career is what is truly special about GSIF. We have many examples at Genpact of process expertise making immense impact on companies. We’re committed to the idea of using our core competencies as an organization to make a real difference to the social sector,” said Sasha Sanyal, SVP – Strategy and Lean Digital Transformation, Genpact.

Having received over a hundred applications from talented and passionate people belonging to various organizations, the pilot batch was put together as a collaborative exercise between Genpact and EdelGive Foundation. “Traditionally, organizations in the social sector have had to face challenges not only around funding, but also around scaling up and organization development. The Genpact Social Impact Fellowship was conceptualized to provide such much needed support by combining the philanthropic expertise of EdelGive with Genpact’s Lean Six Sigma proficiency,” said Naghma Mulla, COO, EdelGive Foundation.

The open fellowship program invites applications from interested people from all backgrounds with a demonstrated passion for social impact. Genpact aims to develop GSIF into a successful, scalable program that can serve as a model for many other organizations wanting to make a lasting difference in the social sector.

About EdelGive Foundation

Established in 2008, EdelGive Foundation is the philanthropic arm of the Edelweiss Group, one of India's leading diversified financial services conglomerates providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Since its inception, EdelGive has worked towards being a bridge between the users and providers of philanthropic capital and knowledge by bringing the skills, resources and talents of the for- profit world to the not- for- profit arena. This is complemented by well- planned employee engagement initiatives wherein each of our employees is motivated to contribute with their expertise and in turn help the non- profits by guiding them for capacity building projects and financial aid.

About Genpact

Genpact (NYSE: G) stands for “generating business impact.”  We are a global leader in digitally-powered business process management and services. We architect the Lean Digital^SM enterprise through our patented Smart Enterprise Processes (SEP^SM) framework that reimagines our clients’ operating model end-to-end, including the middle and back offices.  This creates Intelligent Operations^SM that we help design, transform, and run. The impact on our clients is a high return on transformation investments through growth, efficiency, and business agility. For two decades, first as a General Electric division and later as an independent company, we have been passionately serving our clients. Today, we generate impact for a few hundred strategic clients, including approximately one-fifth of the Fortune Global 500, and have grown to over 70,000 people in 25 countries, with key offices in New York City. The resulting business process and industry domain expertise and experience running complex operations are a unique heritage and focus that help us drive the best choices across technology, analytics, and organizational design.For additional information, visit www.genpact.com. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.

NASSCOM welcomes passage of GST Amendment Bill

National Association of Software and Services Companies (NASSCOM) welcomes the government’s initiative to bring in structural changes to the tax regime in India through the Goods and Services Tax (GST) bill. The bill is aimed at addressing issue of multiple levies and its cascading effect, ushering in destination-based taxation, simplify compliances and provide for effective dispute resolution mechanisms in a time-bound manner.

The GST regime has over the years promised to subsume multiple levies, and remove cascading effect of taxes, prevalent on businesses so far. The GST constitutional amendment bill passage would now pave way for the enactment of the GST law in the centre and the states. As details are worked out in the next few months, it will have a positive impact for the country in the long term.

Citing his opinion on the GST constitutional amendment bill, Mr. R Chandrashekhar, President, NASSCOM stated that, "The passage of the amendment bill will unarguably usher in the most impactful tax reform this country has seen. The services industry at large was administered under a single authority in the centre under the Service Tax regime. The simplicity and certainty that it offered needs to be emulated in the GST law that States and Centre adopt subsequently. The new tax regime should also be future ready and cater to the needs of the emerging digital economy in the country."

Recommends Government–Industry collaborative approach to address implementation and administrative challenges in Model GST Law

The draft GST model law, currently in public domain, requires close collaboration between Industry and Government to ensure that the GST regime lives upto the expectations, including not only maintaining but enhancing the competitiveness of technology products, services and the internet sector. While several provisions like time bound processes, clarity on electronic download classifications etc. are in line with the larger objective of ensuring ease of business, there are several concerns that need to be addressed.

Mr. CP Gurnani, Chairman NASSCOM and CEO & MD, Tech Mahindra, stated that "We congratulate the government and all parties for collaborating together and ensuring passage of the GST Amendment Bill. The industry has been discussing challenges related to multiple registrations in each state and associated complexities that may arise in the GST regime. We are confident that given the Government’s commitment to ease of doing business, we will be able to address the industry concerns in totality."

New age businesses like ecommerce and online aggregators are changing the way business is done and bringing in previously unheard of efficiencies.

Mr. Sanjeev Bikhchandani, Chairman, NASSCOM Internet Council and Executive Vice Chairman, Infoedge, said "The GST regime should adapt to these changes with an eye on the future. However, apprehensions prevail on the administrative requirements that could potentially render internet enabled businesses uncompetitive. We believe this is not the intent of the Government and will work closely with Revenue officials towards enabling a simple and enabling GST regime for all."
A quick analysis of the positives and concern areas of the GST Bill are listed below:

Positive Impact of GST Amendment Bill

• Subsumes multiple levies
• Clarifies taxation of electronic downloads
• Robust technology framework for implementation bringing in transparency and process simplification
• Provisions for time bound processes
• Simple, efficient and transparent indirect tax regime is widely expected to accelerate overall growth of GDP in the country with spinoff benefits for all sector including IT-BPM

Key Issues that need to be addressed

• Companies engaged in the supply of services on a pan-India basis, will have to seek registrations in 37 jurisdictions (29 States + 7 Union territories with legislature + Central Government).
• Place of supply provisions may require multiple invoicing for services delivered under single contract if services are delivered from various offices/ centers of the same entity
• Valuation of services can potentially lead to disputes and litigations, leading to Transfer pricing like situation for intra company supplies and will necessarily require refunds.
• Export competitiveness of the IT sector could be impacted due to
• Complex billing and invoicing requirements due to place of supply and valuation
• Reverse charge of GST on import of services used as input for services that are exported, can lead to locking in working capital
• For SEZ units, which were permitted upfront exemptions, there is now no provision for upfront exemptions, and it will necessarily require application for refunds.
• The provision mandating “tax collection at source” for transactions on third-party ecommerce market place are discriminatory and can potentially render such ecommerce marketplace unviable. Moreover, this is likely to negate the beneficial impact of e-commerce on lakhs of small businesses in the country by compelling them to seek refunds compounding their working capital problems.

As deliberations on administration and implementation progress, concerns are emerging on the specific language of the model law and its interpretations. However, this does not in any way undermine the importance and the urgency of ushering in the GST reform. We are confident that the government will look into the specific issues raised by the industry and find mutually acceptable resolutions to the issues.

About NASSCOM

NASSCOM^® is the premier trade body and the chamber of commerce of the IT-BPM industries in India. NASSCOM is a global trade body with more than 2100 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of technology products and services, BPM, Engineering R&D, Internet and Ecommerce and startups. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 3.7 million professionals.

NASSCOM aims to create growth opportunities for local IT Entrepreneurs in West Bengal

The National Association of Software and Services Companies (NASSCOM), today organized the East edition of the NASSCOM Product Conclave (NPC) in Kolkata at Hyatt Regency. An annual gathering of product and associated services entrepreneurs, VCs, academicians, angel investors, CIOs and analysts, the conclave aimed at evangelizing the local entrepreneurial ecosystem, providing a platform to showcase products and share their ideas with participating delegates. Organized with support from Department of IT and Electronics, Government of West Bengal and its nodal agency WEBEL (West Bengal Electronics Industry Development Corporation Limited), the sessions at the event were designed to formulate measures for the growth of the IT Industry in the region in conjunction with all stakeholders in the domain.

Organizes its East edition of NASSCOM Product Conclave in Kolkata

To capture the essence of entrepreneurial and innovative spirit of West Bengal, the conclave provided early stage technology start-ups, product companies with a highly evolved environment to take their ideas to a larger audience. The full-day conclave focused on how technology can be leveraged to drive business growth and build an ecosystem of sustainable growth for start-ups. Further, there was also participation from CIOs of various industry sectors like Manufacturing, Retail, Healthcare, Financial Services and Real Estate, who discussed their needs in IT deployment and interacted with companies to understand their offerings.

Speaking on the occasion, Mr. CP Gurnani, Chairman, NASSCOM, said “The product landscape in India has evolved radically and has become a hot-bed of innovation which is creating global solutions. Kolkata has been the birthplace for some of India’s largest business houses, and is fast becoming a melting pot for new businesses with its friendly policy structures. We were pleased with the support we have received from the government and the enthusiastic participation of entrepreneurs at the conclave.”

Keeping the dynamics of the Product ecosystem in mind, NASSCOM organized workshops, panels, keynotes, pitches, investor meets and product exhibition at the gathering. Key topics of discussion included disruptive technologies like SMAC opportunities, IoT trends, SaaS models and leadership strategies. The conference witnessed 400+ attendees and focused workshops on emerging technologies like Machine Learning & Analytics by Aarti Kapur, Principal Consultant, Fractal Analytics; Usage of Robotics by Prof. Kavi Arya, IIT Bombay; Virtual and Augmented Reality by Harsha Padmanabha; Learning Growth Techniques from Alok Kejriwal, Co-Founder & CEO, Games2win; Digital Marketing Techniques by Dr. Som Singh, Founder & Chief Marketing, UCG Unspun Consulting Group. Amit Jain, President, Uber India also participated in a chat session with the delegates.

Mr. Kamal Agarwala, Chairman, Eastern Region Council, said, “NPC plays a very significant role in the journey of the Product Development ecosystem in the Eastern Region. This is one initiative undertaken by NASSCOM which is a focused event on software products. We want to encourage people to go back to their office next day and apply the learnings from the conclave. This year there is a special focus on emerging high-end technologies and solutions”.

NASSCOM has been constantly working towards building a strong business ecosystem in the state of West Bengal and supporting IT companies from the region. In line with the same, NASSCOM had also partnered with the Government of West Bengal and the Information Technology and Electronics Department of the Government of West Bengal to open its start-up warehouse in Kolkata. The facility will provide affordable co-working space conveniently located in the centre of the city, thereby establishing Kolkata as an emerging destination of global businesses and start-ups.

About NASSCOM

NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPM industries in India. NASSCOM is a global trade body with more than 2100 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 3.5 million professionals

For more information, please visit: www.nasscom.in

Press Release: Genpact Establishes Operations in Kuala Lumpur

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, has established operations in Kuala Lumpur, Malaysia’s capital city, further strengthening its footprint in Asia, with the plan to provide finance and accounting (F&A), sourcing, and procurement services for a growing number of clients at this site. This will help Genpact deliver more holistic finance solutions to clients based on its Lean Digital^SM approach that leverages the power of digital technologies through middle and back office operations.

Genpact Establishes Operations in Kuala Lumpur

Malaysia, one of Asia’s dynamic economies, has emerged as a thriving global business services hub. With a stable and attractive business environment, government support, educated workforce, and world-class infrastructure, Kuala Lumpur has become an increasingly important business location for many of Genpact’s clients comprising approximately one-fifth of the Fortune Global 500 – the majority of which have operations in Malaysia and other Asia-Pacific countries. This supports one of the company’s strategies of delivering services from regions where their clients run key operations.

Shared services delivery center opens to strengthen operations in Asia

Genpact is already working with GSK in this Kuala Lumpur location and expects to hire a number of professionals with domain expertise in F&A and procurement processes who will serve clients across a number of industries including financial services, insurance, and manufacturing.  Being in an optimal time zone for supporting Asian operations, Genpact’s Kuala Lumpur site will provide services in all South East Asian languages including Malay, Bahasa, Tagalog, Vietnamese, and Thai in addition to English – with the ability to provide Mandarin, Cantonese, Japanese, and Korean language services as a secondary location. During an opening celebration at the center today, Dato Wan Peng, Chief Operating Officer of Malaysia Digital Economy Corporation (MDEC), said, “I welcome Genpact to Kuala Lumpur and wish them all the very best. We look forward to working with Genpact in their growth journey.”

"Genpact is excited to establish our operations in Kuala Lumpur, where we’ll be able to deliver transformation-driven business process, consulting, analytics, and digital services for existing and new clients in Asia," said BK Kalra, senior vice president and business leader, Consumer Goods, Retail, Life Sciences and Healthcare, Genpact. “Given the available and highly-skilled talent pool as well as favorable economic climate, we plan to grow this location over the next few years. This will strengthen our foothold in the Asia Pacific region, where we already have multiple large delivery centers in China, Japan, India, Singapore, and the Philippines.”

About Genpact

Genpact (NYSE: G) stands for “generating business impact.”  We are a global leader in digitally-powered business process management and services. We architect the Lean Digital^SM enterprise through our patented Smart Enterprise Processes (SEP^SM) framework that reimagines our clients’ operating model end-to-end, including the middle and back offices.  This creates Intelligent Operations^SM that we help design, transform, and run. The impact on our clients is a high return on transformation investments through growth, efficiency, and business agility.  For two decades, first as a General Electric division and later as an independent company, we have been passionately serving our clients. Today, we generate impact for a few hundred strategic clients, including approximately one-fifth of the Fortune Global 500, and have grown to over 70,000 people in 25 countries, with key offices in New York City. The resulting business process and industry domain expertise and experience running complex operations are a unique heritage and focus that help us drive the best choices across technology, analytics, and organizational design. For additional information, visit www.genpact.com. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.

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