Monthly Archives: September 2017

Facebook’s Slack competitor, Workplace, scores big by signing up Walmart

Facebook is adding Walmart, the world’s largest private employer, to its Workplace chat tool for businesses.

The move is a sign that Facebook’s early efforts to compete with companies like Microsoft and Slack in the competitive world of enterprisesoftware is paying off. Walmart will join the ranks of 14,000 other businesses like Starbucks and Delta that have joined Workplace since the service first debuted nearly one year ago.
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Walmart decided to start using Workplace because the retail behemoth realized that “it was time for a new generation of SaaS apps to connect everyone in the company,” Facebook’s VP of Workplace, Julien Codorniou, told Business Insider during a recent interview.
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Walmart executives have used Workplace’s live video capabilities to hold all-hands meetings, and store associates have shared photos of in-store display arrangements with their colleagues to demonstrate best practices. Because an employee only needs a Facebook account to be invited by their employer onto Workplace, Codorniou said that Facebook envisions the tool being the first work-chat software used by many workers around the world.

So far, Facebook is seeing the most adoption on Workplace’s free tier, which doesn’t have a cap on the number of employees that can use it but does lack some features for larger enterprises, like integration with compliance partners.
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But the social network will begin officially charging businesses using its larger-scale, paid tier in October, according to Codorniou. A Facebook spokesperson declined to say how many of the 14,000 businesses on Workplace were part of the paid tier.
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Facebook has been staffing up its Workplace division in recent months. Codorniou leads the team out of London but said that Workplace now has several sales offices scattered around the world.

“Workplace as a platform is a big priority” within Facebook, Codorniou said.

source; Business Insider: Sept. 26, 2017

The country is the world’s largest milk producer for the past two decades and its credit goes to the farmers of the country

Union Minister for Agriculture and Farmers’ Welfare, Shri Radha Mohan Singh has said that the National Dairy Project (NDP) aims to increase the productivity of milch animals which will lead to increase in milk production for meeting growing demand for milk. Shri Singh said this today in the TK Patel Auditorium, NDDB Anand, Gujarat. In this program, Chief Minister of Gujarat Shri Vijaybhai Rupani and Union Minister for State, Agriculture and Farmers Welfare, Shri Purushottam Rupala were also present.

Shri Radha Mohan Singh said that the productivity of milch animals is increasing through artificial insemination using high-quality semen taken from high genetic bulls and by proving balanced food to the animals of the farmers. To promote balanced diet for the effective use of input, NDP initiatives are helping farmers to increase production by lowering dietary (Ration) costs.

Shri Singh said that the country has been the world’s largest producer of milk for the last two decades and its credit goes to the farmers of the country. Since more than two-thirds of our nation’s citizens live in rural areas, therefore, there is a need to make the farmers more prosperous, for which dairy sector is important.

Union Agriculture Minister said that NDDB has implemented several major dairy development programs including ‘Operation Flood’ from its inception in the country. India is at number one in milk production and contributes 19 percent of the world’s total milk production. Dairy farmers’ income has increased by 13.79 percent in the year 2014-17 compared to the year-ago period. Milk production, which was 155.49 million tonnes during 2015-16, is planned to increase it to 200 million tonnes in 2019-20. Presently, NDDB is in the leading role for the implementation of the National Dairy Plan (NDP) and the recently announced Dairy Infrastructure Development Fund (DIDF). The Central Government has established dairy infrastructure development fund (DIDF) at the cost of Rs.10,881 crore for the period from 2017-18 to 2028-29.

The purpose of the DIDF is to establish an effective mechanism for creating a basic structure for milk cooling at village level and installing electronic equipment for milk adulteration, manufacturing/modernization/processing facilities and for procuring milk. Educational institutes would set up for value-added products for milk unions/milk producers companies.

The purpose of NDP-1 is to help in increasing the productivity of milch animals and thereby increase the milk production to meet the growing demand of milk and to provide more assistance to rural milk producers for more market access, including organized milk processing sector. During the year 2015-16, NDP-1 has been expanded into four states (Chhattisgarh, Jharkhand, Telangana, and Uttarakhand) and its implementation period has been extended to 2018-19.

Shri Radha Mohan Singh said that under the able leadership of the Prime Minister, on the 75th anniversary of the Quit India Movement, under the ‘Sankalp se Siddhi Mission’, the Central Government has set a target to double the income of farmers by 2022.  For this, recently, a seven-point strategy has been unveiled. Ministry of Agriculture is working in this direction through various schemes in the dairy sector.

Shri Singh said that his experience indicates that producer-centric institutions are very important for dairy development. Union Agriculture Minister said that the selection of Dairy Excellence Awards has been done fairly and the producer-centric institution which has achieved excellence in operation, administration, and inclusion have been honoured with Dairy Excellence Award where the winners will be encouraged to maintain their performance, it is expected that by learning from these role models, others will be motivated to achieve excellence. Shri Radha Mohan Singh gave his best wishes to the award winners.

source: Press Information Bureau: September 26, 2017

India seeks to accelerate Japanese investments

With an aim to accelerate Japanese investments in India, the Centre would ask states to strengthen single window clearance system for fast-tracking approval processes, the DIPP said today.

 

The Department of Industrial Policy and Promotion (DIPP) also said that the Japanese Ministry of Economy, Trade and Industry (METI) and Japan External Trade Organization (JETRO) will pursue collaboration with states to deepen partnership.

 

 

 

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These are part of the several steps being jointly identified by the DIPP and METI to accelerate Japanese investments in India.

The other focus areas include creation of enabling environment for Japanese investments in collaboration with central ministries and states as well as JETRO.

“The state governments have informed that they will provide incentives for Japanese Industrial Townships as per their industrial policies,” according to Japan-India Roadmap for Investment Promotion.

This road map was signed between DIPP and METI on September 14 in Gandhinagar.

On human resource development, Indian students’ internship to Japan will be expanded and promoted. Japanese language certificate courses will be set up at 100 higher educational institutions in India.

“The Indian state governments will be requested to further strengthen single window clearance systems for fast- tracking various permission and approval processes for facilitating increased investment in India,” it added.

Further Japanese investments may be invited to four industrial cities of DMIC.

It added that Embassy of India in Japan along with JETRO will conduct outreach programmes for promoting Japanese companies’ investments in India.

source: Business Standard: September 25, 2017

Skechers eyes up to 500 stores in India in 5 yrs

It operates 100 exclusive outlets in the country that are company-owned as well as franchises.

American footwear major Skechers is looking at opening up to 400 more exclusive outlets in India within 5 years as it expands operations as well as launches apparel and accessories collection in the country.

It operates 100 exclusive outlets in the country that are company-owned as well as franchises.

“In the next five years, we should have 400-500 outlets in India. That’s the journey we want to embark on. We should be adding anywhere between 25-35 more outlets by end of this year,” Skechers South Asia Pvt Ltd CEO Rahul Vira told .

Skechers, which entered India in 2012 through a joint venture with Kishore Biyani-led Future Group, is also looking at launching apparel and accessories collection by the middle of next year.

As a pilot project, the company had tested the market for its apparel line with a small range.

“We plan to launch apparel and accessories by mid of next calender year. It will be full range in apparel and accessories such as bags, socks and caps,” Vira said.

“Launch, however, depends on lot of things…such as our supply chain, structural changes at the stores which are primarily designed for selling shoes,” he added.

The company, which follows calender year as its financial year, is looking at closing the current year with sales of over Rs 500 crore.

“We are growing at the rate of 100 per cent year-on-year. In the first half of this year, we have already done sales of Rs 300 crore. We are looking at closing the year with sales of Rs 500 odd crore,” Vira said.

Skechers had reported sales of over Rs 220 crore in India in the previous year.

At present, the company fully imports products sold in the country.

When asked if the company is looking at manufacturing locally in the near future he said: “Once we reach a certain scale and size, the company would look at options of manufacturing locally.”

source; ET Retail: September 25, 2017

McLaren Technology Group selects Wipro as technology partner

Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing differentiated IT services to its business divisions, the statement said. (Reuters)

Sports car maker McLaren Technology Group has signed a multi-year contract with IT major Wipro to help drive digitalisation across its businesses.

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“We are passionate about delivering high performance digital solutions underpinned by robust service level agreements across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in Artificial Intelligence,” McLaren Technology Group, Chief Information Officer, Craig Charlton said in a statement.

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McLaren has won 20 world championships and over 180 races in Formula 1.

Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing differentiated IT services to its business divisions, the statement said.

As part of this multi-year partnership, Wipro will leverage artificial intelligence platform and managed services framework to offer flexibility and boost the productivity of McLaren’s automotive businesses.

“We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life,” Wipro Limited President – Manufacturing & Technology, N S Bala said.

source; Financial Express: Sep. 15, 2017

India to supply over half of Asia’s workforce: report

India will however have to first equip its workforce with necessary skills to contribute to the national economy in order for the country to reap dividends of its demographic potential, said the report by Deloitte — ‘Demographics fuelling Asia’s shifting balance of power’

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“India is among a handful of South Asian countries that sits on a demographic gold mine,” the report said, adding that the country has a median population age of 27.3 years compared to 35 years for China and around 47 years for Japan.

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Deloitte India Lead Economist Anis Chakravarty said: “India will account for more than half of the increase in Asia’s workforce in the coming decade, but this isn’t just a story of more workers…”

These new workers will be much better trained and educated than the existing Indian workforce, he added.

“There will be rising economic potential coming alongside that, thanks to an increased share of women in the workforce, as well as an increased ability and interest in working for longer. The consequences for businesses are huge,” Chakravarty said.

The report, however, said, “in order for India to reap the dividends of its demographic potential, it has to first equip its workforce with the necessary skills to contribute to the national economy.”

The country needs to pay special attention to skilling and reskilling its workforce with a focus on the changing nature of today’s jobs with the invasion of machines and improvement in robotics.

“With more than 65 per cent of the population below the age of 35, India will rise as an economic superpower, supplying more than half of Asia’s potential workforce over the coming decade,” it added.

According to the report, Asia’s elderly population will rise from 365 million in 2017 to more than 520 million in 2027.

By 2042, there will be more over-65s in Asia than the populations of the Eurozone and North America combined, it said.

To manage ageing populations, the report suggested steps such as increasing the retirement age, welcoming migrants and increasing productivity and skill development, among others.

source; The Hindu Business LIne: September 19, 2017

 

15 Japanese firms sign MoUs to invest in Gujarat

Fifteen Japanese firms signed pacts expressing their intention to invest in at the 12th India-Annual Summit here today.

These companies include Moresco, Toyoda Gosei, Topre and Murakami.

On the concluding day of the summit today, Prime Minister Modi and his Japanese counterpart Shinzo Abe also did remote inauguration of Suzuki Motor Corporation’s car manufacturing facility expansion work at Hansalpur village near here. 

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This facility is Suzuki Motor Corp’s first wholly-owned unit in producing 2,50,000 cars every year. “That will be tripled to 7,50,000 units in the future,” announced Abe.

Speaking at the ‘India-Business Leaders Forum’, Abe said he supports Prime Minister Modi’s vision of ‘Make in India’ and is committed to help the country in this direction.

“Strong is good for and strong is good for Japan,” Abe said in his speech at the plenary session marking the end of the two-day summit.

On the occasion, both the leaders also performed symbolic ground breaking for an upcoming plant at Hansalpur for the production of lithium-ion car batteries, the first such plant in 

Both the leaders also inaugurated four ‘Institutes of Manufacturing (JIM)’. One such institute has been set by at Ganpat Vidyanagar in Mehsana.

Speaking at the session, Chief Secretary J N Singh informed the audience about the upcoming ‘Industrial Township’ at Khoraj in Ahmedabad, which is aimed at “facilitating industrial opportunities for the Japanese companies”.

Singh said the proposed township will be spread across 1,750 acres, having industrial, commercial, residential and recreational areas.

In his speech, Modi said his dream of seeing a mini-in is finally fulfilled.

“When I first visited as Chief Minister of Gujarat, I had said that I want to see a mini-in  Today, that dream has come true. I am happy to see so many friends from happily living and doing business in Gujarat,” said Modi.

He also thanked and Abe for providing financial assistance for the upcoming Convention Centre at Varanasi, his constituency in Uttar Pradesh.

“You know that the ancient and holy city of Varanasi is my second home. The project of Varanasi Convention Centre is a symbol of cultural co-operation between Kyoto city of and Varanasi. It was conceived by Prime Minister Abe and me when we visited Varanasi together in 2015,” he said.

Responding to Abe’s comment on India-relations, Modi said that growing convergence between the two countries on strategic and economic issues has the capacity to stimulate the global economy.

“I am confident that strong and strong will also be a stabilising factor in Asia and the world. In this mutual and global pursuit, I thank Prime Minister Abe and for being a perfect partner,” he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

source; Business Standard: September 15, 2017