Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh

Business Wire India, December 1, 2016
New Delhi, Delhi, India

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).

The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017.

Speaking on this occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We have over 200MW portfolio with proven track record of operating solar power projects in Andhra Pradesh. With the commencement of the construction of this 100 MW project, we are delighted to make contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to NTPC and the State of Andhra Pradesh, for all the cooperation and support extended.”

Azure has a portfolio of over 1000 MW with an excellent record in setting up and operating solar power plants, be it utility scale or commercial rooftop projects. The company has a vast experience of delivering solar power projects, from the construction of India’s first private utility scale solar PV power plant in 2009 to the implementation of the first MW scale rooftop under the smart city initiative in 2013 to the largest solar plant (100 MW) under India’s National Solar Mission (NSM) policy in Jodhpur, Rajasthan.

About Azure Power

Azure Power (NYSE: AZRE) is a leader in the Indian Solar Industry. Azure Power developed India’s first utility scale solar project in 2009 and has been at the forefront of developments in the sector as a developer, constructor and operator of utility scale and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.

For more information, visit: www.azurepower.com

2nd Edition National Sustainable Water & Sanitation Summit 2016 – Day 1

New Delhi | December 1, 2016

Nispana’s 2nd National Summit for Drinking Water and Sanitation kicked off this morning at the Eros Hotel, New Delhi. Under the auspices and support of Swachh Bharat and National Institute of Urban Affairs, the event brought together over 300 attendees from across India.

The event kick started with an opening speech by Mr. Wolfgang Koster, Development Advisor, Embassy of Germany, New Delhi. During his presentation, he spoke in detail about the German – Indian trade relations especially in the Water and Sanitation sector. Following his presentation was Mr. Sandeep Behera, Consultant, National Mission for Clean Gangapresenting the on the water quality in urban and rural settings.

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With technologies playing a vital role in Water & Sanitation sector and understanding the Indian market requirements, VAG from Germany coming in to this event as a Gold Partner was represented on the dais by Mr. Sebastian Bojarski, Sales Manager – VAG. In his 30minutes slot, he delivered an insightful presentation on “Embracing Sustainable technologies to ensure comprehensive water quality”.

Following which, a group of companies from Norway: Salsnes, GEA, Cambi Group & HOSTpresented the latest state-of-the-art technologies which could help eradicate the water and sanitation issues in India.

The event also received support from companies including: Prince Piping Systems, Kamstrup, Lubi, Amiad Water Systems, Organica Biotech and Wallace &Tiernanand WebNMS.

With the day1 featuring interesting presentations, speakers and interactive panel discussions, Day 2 of the National Summit for Drinking Water and Sanitation will promise to deliver more insights and knowledge.

AHTIC Conclusion: Sri Lanka brims with potential but success depends on political leadership

Colombo, Sri Lanka | November 29, 2016

The first Asia Hotel & Tourism Investment Conference (AHTIC) concluded today in an atmosphere of optimism moderated by caution. Over the past two days several of Asia’s leading hotel investors from 19 countries discussed the investment potential of Sri Lanka and other destinations around the Indian Ocean from Mauritius and the Seychelles to Malaysia and Vietnam.

Data from ForwardKeys demonstrated that Sri Lanka deserved congratulations for achieving 12% growth in visitor arrivals by air during the past year, more than double that achieved by the Asia Pacific region as a whole. Further information from STR revealed that at the same time, the country’s hotels had maintained occupancy levels above 66% and succeeded in lifting average daily rates to nearly 16,000 Sri Lankan Rupees, more than US$100 at today’s rate.

Several serious investors, including a delegation from China, expressed enthusiasm for opportunities in Sri Lanka, citing its tremendous variety of attractions, such as ancient temples, wild elephants and unspoilt beaches, all within close range of each other. Other attractive attributes of the country were seen to be the good-natured ‘smiley’ demeanour of the people, the safe feeling one had walking the streets, even at night, a shortage of high-quality properties outside Colombo, the willingness of the government to invest in core infrastructure such as new roads and a British based legal system.

The Sri Lankan government, keen to attract international finance, announced a series of tourism development zones and the President promised that the next three years, 2017-19, would be investment years with special concessions to overseas investors; although the precise details have yet to be clarified.

Gerald Lawless, Chairman of the World Travel & Tourism Council and former Executive Chairman of Jumeirah Hotels, highlighted some of the factors that make a destination successful, including the outbreak of peace in regions previously suffering from conflict, air connectivity, visa waivers and dedicated promotional initiatives aimed at major origin markets, infrastructure investment, an ethos which encourages genuine collaboration between business and government and a compelling vision of the future.  He cited Sheikh Mohammed, the Ruler of Dubai, as a truly visionary head of state who had transformed that destination into the vibrant tourism economy it is today.

Counterbalancing the enthusiasm, Roman Scott, Chairman of the Calamander Group, which invests in Asian frontier markets and owns hotels and coffee shops in Sri Lanka, warned that proposed tax increases, lifting VAT from 11% to 15% and corporation tax to 28% would risk killing the proverbial goose that lays the golden egg. Several other countries bordering the Indian Ocean also offered an attractive proposition for investment. His view, which was shared by several industry leaders, was that Sri Lanka’s performance as a tourism economy would turn on the government’s ability to brand and promote the destination effectively, to prioritise development of infrastructure that facilitates connectivity and to create a fiscal and regulatory regime that guarantees commercial as well as social and environmental sustainability.

Dr Prabarth Ukwatte, Chairman of the Sri Lanka Tourism Club, which was the Founder sponsor of AHTIC, declared the conference a great success and announced publicly that he had confirmed the venue for the equivalent dates in 2017 and that he was looking forward to working with Jonathan Worsley’s Bench Events’ team to deliver a bigger conference next year.

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and South America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique

life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Sri Lanka’s spectacular visitor growth looks set to stall

Colombo, Sri Lanka | November 29, 2016

Flight booking data shows only modest growth in early 2017

A presentation given by Forward Keys to delegates at the Asian Hotel and Tourism Investment Conference in Sri Lanka today revealed that flight bookings made for travel to Sri Lanka during the coming five months are 1.3% ahead of where they were at the same time last year. The intelligence comes from Forward Keys’ analysis of over 16 million flight booking transactions a day made by travel agents on the world’s major travel distribution systems.

More in-depth analysis shows a choppy pattern. Bookings for December and January are respectively 3.5% and 4.1% ahead but February and March are 9.8% and 21.3% behind. April is 76.9% ahead but this number needs to be viewed with caution because April is 4 months off and booking numbers are consequently relatively low. The likely reason for the substantial variation is that the Easter holiday season falls later in 2017.

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Whilst forward bookings overall appear somewhat lacklustre, within them are a couple of particularly encouraging signs. First, forward bookings for Chinese New Year (Jan 27th – Feb 2nd) are 12% ahead.

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Second, there appears to be a turnaround in enthusiasm of Russians to visit Sri Lanka, as a trend of falling monthly visitor numbers throughout 2016 is being replaced by a surge of interest. Visitor arrivals for the year to date are 26.4% down on the previous year but future bookings for November and the next five months are 13.1% ahead.

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The cautious outlook is in sharp contrast to impressive visitor growth in 2016 when arrivals have grown by 11.8%, which is more than twice the growth of the Asia Pacific region, which grew by 4.9%. Looking at Sri Lanka’s major source markets, India was up 10.3%, the UK up 17.3%, Germany up 13.1%, Saudi Arabia up 8.3% and China up 29.2%. The latter figure is particularly notable when one considers that Chinese visitors to competitor destinations such as Mauritius were down 0.6% and to the Maldives down 17.6%.

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Jameson Wong, Forward Keys, Director of Business Development, APAC, said: “Our data shows that Sri Lanka deserves congratulations on a tremendous year for attracting visitors. In a competitive environment, continued effort will be needed to keep up the impressive rate of growth.”

ENDS

About ForwardKeys

Forward Keys predicts future travel patterns by crunching and analysing 16m booking transactions a day. It is used by travel marketers, retailers, hotels, destination marketing organisations (DMOs), financial institutions, car rental companies, tour operators, online travel agents (OTAs), and other traveller-focussed businesses worldwide to monitor and anticipate traveller arrivals and stay ahead of the trends from a particular origin market at a specific time.  The analysis enables them to anticipate the impact of events, better manage their staffing levels, fine tune supply requirements, adjust and measure the effectiveness of their marketing efforts and predict future market trends. Forward Keys’ data is retrieved daily from all the major global reservation systems worldwide.

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

For more information or to arrange an interview, please contact: Sophie Luis +44 (0) 7961 145 787, sophie.luis@tarsh.com or David Tarsh +44 (0) 20 7602 5262, david@tarsh.com.

Sri Lanka tourism set to exceed growth compared to last year

Colombo, Sri Lanka | November 28, 2016

Sri Lanka Hotel Performance

According to Sri Lanka’s Tourism Authority, the country has a target of 2.2 million visitors for 2016, which would be a 26% growth compared with 2015. The Tourism Authority’s statistics show that Sri Lanka has welcomed 1.7 million visitors as of October, a 14.6% increase compared with the same time period last year. India, China and the United Kingdom are the top three source markets for Sri Lanka.

Sri Lanka’s government has recently launched several initiatives to attract international arrivals, and there has also been an increase in the number of direct flights to Sri Lanka from various other countries in the Asia Pacific region, as well as discussions on an open skypolicy to further drive air traffic to the country. There is also a new terminal in development at Colombo’s Bandaranike International Airport, which could increase the airport’s passenger capacity.

Through these efforts to help Sri Lanka’s tourism industry grow, the country’s hotel demand has increased 3.5% based on October 2016 year-to-date data. Supply, however, has also increased (+4.2%), with around 900 new rooms added to the market in the first ten months of the year.

Sri Lanka has reported a slight decline in occupancy (-0.7% to 66.3%), while average daily rate (ADR) rose 15.6% to LKR 15,854.99, resulting in double-digit revenue per available room(RevPAR) growth to LKR 10,512.93, a 14.8% increase.

This growth in ADR was helped by the recent opening of new luxury properties, changing the market’s hotel landscape as more of the rooms available are being sold at higher prices.

In the first ten months of the year, Colombo recorded a double-digit RevPAR growth to LKR12,208.13, a 21.9% increase compared with the same period last year. Colombo’s occupancy rose 13.1% to 71.3% while ADR increased 7.8% to LKR 17,133.82.

As both the capital of and a key destination for Sri Lanka, Colombo has substantially benefitted from the increase in international arrivals as well as a rise in demand for corporate travel and MICE business.

Sri Lanka Daily Performance

Between January and October 2016, Sri Lanka’s daily performance data shows a declining compressed room nights distribution.

Occupancy levels hovered mainly in the 70-80% range, with a decline in the number of nights that saw high compression nights (80% plus). This shift in compression is likely due to the additional supply in the market.

Throughout the compression nights of 80% occupancy and higher, Sri Lanka’s average ADR recorded 8.2% increase compared to the non-compressed nights. As a result, Sri Lanka’s average RevPAR gain increased by LKR 4,026.12. While for the compression nights of 70% -80% occupancy, Sri Lanka’s average ADR increased by 9.3% compared to the non-compressed nights.

Sri Lanka Weekday and Weekend Performance

Throughout the first ten months of the year, Sri Lanka hotels recorded a higher absolute RevPAR level on weekdays than on weekends. Tuesdays, Wednesdays and Thursdays were the strongest days of the week, with an average RevPAR of LKR 10,850.43 during those days. Sri Lanka’s weekday RevPAR performance has increased 15.4% to LKR 10,619.15 in 2016, while weekend RevPAR has increased 13.2% to LKR 10,251.10.

Sri Lanka Performance Comparison

Sri Lanka’s 15.6% increase in ADR for the first ten months of the year puts it ahead of many other countries in Southeast Asia in terms of rate growth, including, India, Thailand,Philippines, Malaysia, Vietnam and Indonesia.

With supply growth slowing to 3.2% for October 2016 year-to-date, India’s hotel demand has increased 6.7% compared with last year. This was largely influenced by a 10.5% increase in international arrivals, helped by the country’s e-Tourist VISA programme that launched in August 2015. As the second largest country in the world by population, alongwith recent economic growth and a rising middle class with increasing disposable income, India’s domestic tourism is expanding.

For October 2016 year-to-date, Thailand’s occupancy rose 4.2% to 76.0%, its highest level since 2010. Meanwhile, ADR increased 1.3% to THB 3524.97, leading to a 5.6% increase in RevPAR to THB 2678.75. The country’s hotel market has recorded growth following the political situation in 2013-2014, as the Tourism Authority of Thailand has launched efforts to attract visitors. Also, an increase in the number of direct flights to Thailand from Russia and the Middle East is expected to further boost arrivals.

As of October, hotels in the Philippines have recorded growth across all key performance indicators this year: occupancy (+1.1% to 68.2%), average daily rate (+1.0% to PHP 5,201.88),and revenue per available room (+2.1% to PHP 3548.80). Demand increased 5.4%, while supply grew 4.3%. As of August 2016, the country’s total arrivals increased by 12.6% (4 million visitors)compared with the first eight months of 2015. South Korea, USA and China are the top threesource markets for the Philippines’ tourism.

So far this year, Malaysia’s performance has been driven by occupancy (+3.7% to 63.8%), while ADR has also increased at a slighter pace (+0.8% to MYR 348.74), resulting in a 4.6%increase in RevPAR to MYR 222.39. As the second most visited nation in the ASEAN (following Thailand) according to the UNWTO, Malaysia’s demand rose 7.1% year-to-date, more than double its rate of supply growth (+3.3%).

After welcoming 8.1 million visitors between January and October 2016 (according to the Vietnam Tourism Authority), Vietnam’s international arrivals increased 125.4% compared with the same time period last year. This was largely due to a major influx of Chinese visitors,accounting for roughly 27.6% of all arrivals. An increase in the number of direct flights between Vietnam and China as well as other ASEAN countries has given this market a huge boost in tourism, contributing to a double-digit growth in RevPAR (+11.4%) for October 2016 year-to-date.

Indonesia’s hotel market is facing significant increases in supply. Since the start of the year,54 new properties have opened, accounting for around 8,500 rooms. Most of these new properties are in the Upper Midscale class, while development in the Luxury and Upper Upscale classes has been more modest. This appears to have impacted Indonesia’s ADR,which dropped 6.5% to IDR 1,017,745.69 for the first ten months of the year. Occupancy, however, increased 2.8% to 60.0%.

Sri Lanka Pipeline Performance

According to STR’s Pipeline Report for October 2016, about 4,200 rooms will be added to Sri Lanka’s hotel market over the next two to three years, with most of the projects located in Colombo.

The Luxury and Upper Upscale segments still dominate the nation’s hotel development, with 2,400 rooms currently in the pipeline.

Hotels Entering the Market:

  • Marriott International has the most projects in the pipeline, with four properties in development under the brands of Sheraton, Marriott, and Ritz-Carlton.
  • After the opening of their first property in Hambantota, Shangri-La Hotels and Resorts is now developing its second property in Colombo.
  • Hyatt Hotel Corporation will join the scene with their flagship property, Grand Hyatt Colombo,expected to open in 2018.
  • Mövenpick Hotels and Resorts will soon join the market with the addition of the Mövenpick Hotel Colombo.
  • Currently in the planning phase is Inter Continental Hotel Group’s Crowne Plaza Colombo Beira Lake.

As the upper end of Sri Lanka’s hotel market continues to grow in supply, ADR is also expected to grow over the next two to three years as more of the rooms available in the market will be sold at higher prices.

About STR

STR is the source for premium global data benchmarking, analytics and marketplace insights. We provide data that is confidential, reliable, accurate and actionable, and our comprehensive reports empower our clients to strategise and compete within their markets.

Founded in 1985, STR’s presence has expanded to 15 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. The cornerstone of our business from the start has been the hotel industry.

Today, we receive data from more than 55,000 hotels across 175 countries. In 2014, we expanded our reach to advance performance across other industries, leveraging our experience as the leader in competitive bench marking and analytics for the hospitality sector. Our vision for the future is to be a trusted advisor, partner and innovator for any global industry that relies on data.

Our products:

  • STAR Benchmarking
  • Hotel Survey
  • Trend Reports
  • Profitability Reports
  • Hotel Census Database
  • Corporate Reports
  • Development Tool Kit
  • Market Forecast
  • F&B STAR
  • STAR Add Ons
  • Pipeline Reports
  • Bandwidth Reports
  • Comp Set Suite
  • Destination Reports
  • Hotel Reviews
  • RPM

For more information, contact:

+65 6800 7850

apsales@strglobal.com

strglobal.com

5BARz Debuts Among Top Ten Mobile Startups in India at the YourStory – MobileSparks 2016

Business Wire India | November 24, 2016

Bangalore, Karnataka, India
We are pleased to announce that 5BARz India, the wholly owned subsidiary of 5BARz International, Inc. (OTCQB:BARZ) (www.5BARz.com) (“5BARz” or “the Company”) has been featured among the top ten mobile startups in India at the MobileSparks 2016, out of 1200 entries held in New Delhi, India held recently.

MobileSparks 2016 was the 5th edition of YourStory’s annual event honoring and showcasing the top 10 most innovative and breakthrough companies in the field of mobile and telecommunications. YourStory is one of India’s most recognized startup platforms with over 10 million active business readers and 20 million views a month. YourStory revealed in its article that “5BARz was shortlisted as the technology company working to improve the last mile connectivity experience with mobile devices over cellular networks. It has developed a critical piece of carrier-grade technology that consumers will simply plug into an outlet in their home, office, or any place elsewhere to increase their signal strength.”

5BARz presented its patented network extender ‘Discovery’ and the first look of its top-of-the-line Wi-Fi router ‘ROVR’ for the attendees to experience the best-in-class smart home connectivity experience.

According to Samartha Raghava Nagabhushanam, CEO of 5BARz India Private Limited, “We are thrilled to be picked among the top 10 mobile and telecom startups at MobileSparks 2016. It is an honor to be selected as part of this list and is a recognition for the team’s dedication. This announcement serves as an external validation of our belief that 5BARz is truly a game changer in transforming last mile connectivity experience for smart homes of the future”.

Every year, YourStory’s MobileSparks event zooms in on disruptive and cutting-edge mobile companies to showcase upcoming startups in this fast growing domain in India. Some of the startups showcased earlier at MobileSparks include Haptik (invested in by Times Internet & Kalaari Capital), CultureAlley (invested in by Tiger Global, 500 Startups & KAE Capital), DriveU (invested in by Unitus Seed Fund), MyChildApp (invested in by 500 Startups) and MadStreetDen (invested in by Sequoia Capital).

About 5BARz India

5BARz India Private Limited is one of India’s most promising technology startups that is well equipped to provide seamless connectivity solutions. 5BARz India is a part of 5BARz International Inc., a startup that is delivering solutions for cellular and broadband network operators in providing clear, high quality signal and superior connectivity for their subscribers. 5BARz™ with its 2 state-of-the-art products, 5BARz™ Network Extender for cellular connectivity and the 5BARz™ Wi-Fi Router for broadband connectivity, is striving to solve the problem of last mile connectivity. Due to the plug & play nature and zero installation cost, the 5BARz™ suite of products is emerging as the most attractive proposition in India.

The ultra-portable 5BARz™ Network Extender incorporates a patented technology to create a high engineering based, single-piece, plug and play device that strengthens weak cellular signals by amplifying even the poorest cellular signals from 1 bar to 5 bars, ensuring uninterrupted connectivity at home and work.

The 5BARz™ wifi Router – ROVR through it’s single-piece, plug and play device introduces a break through approach in providing uninterrupted and superior coverage and connectivity across home and work with a smart approach to broadband.

For further information about 5BARz International, Inc., visit www.5BARz.com.

For further information on 5BARz India visit www.5BARzIndia.com.

About 5BARz International Inc.

The 5BARz International Inc. business is focused on the global commercialization of patented product technologies branded under the name 5BARz®. 5BARz® is a cellular and broadband connectivity solutions company for application in the small office, home or for when users are mobile. 5BARz® incorporates patented technology to create highly engineered, single-piece, plug ‘n play units that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices cellular connectivity device and an uninterrupted and smart solution for the broadband coverage solutions. 5BARz® represents a key solution for network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity. 5BARz International Inc.’s shares are publicly traded on the OTCBB under the ticker symbol BARZ.

For further information about 5BARz International, Inc., visit www.5barz.com

Wipro Cited as a Leader in B2C Mobile Services Providers by Independent Research Firm

Business Wire India | November 22, 2016

East Brunswick, New Jersey, United States & Bangalore, Karnataka, India
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been named a “Leader” by global research and advisory firm Forrester Research Inc. in its report, “The Forrester Wave™: B2C Mobile Services Providers, Q4 2016”.

Forrester Research Inc. evaluated the 13 most significant vendors in a market that they believe has 3 key sectors – Consultancies focusing on strategy and organizational change, Technology services providers that excel in mobile development and Agencies with deep backgrounds in design, experience, and marketing. Vendors were evaluated on 20 criteria on the basis of current offerings, strategy and market presence.

Wipro has been identified by Forrester as having a “broad range of B2C mobile app development skills,” and is noted as “best for larger, complex technology-centric transformation projects” in the report.

The Forrester report has recognized Wipro for:

Thousands of resources that it can bring to mobile B2C projects around the globe, including hundreds of designers and UX specialists and thousands of developers and testers
Broad capabilities for related services — such as security — that it can tap into, which sets it apart from many of the smaller mobile-oriented shops

Elaborating on Wipro’s focus on mobility services, Hiral Chandrana, Senior Vice President – Business Application Services, Wipro Limited said, “Wipro’s mobility services combine consumer centric design and agile development to help enterprises own mobile moments, drive digital transformation and accelerate business performance. I believe that this recognition reinforces our investments in mobility, and the fact that Wipro secured the maximum possible score in the referenceable work criteria is a testimony to our focus on delivering the highest value to our clients.”

Wipro offers capabilities across mobility advisory, device engineering, application development, application and device assurance and mobility management, supported by strong domain expertise across industries, strategic partnerships and investments in emerging areas such as human-centric design, IoT, augmented reality and virtual reality.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Internet Retailing Expo Indonesia Gears Up to Connect Indonesia’s Stakeholders

The leading multichannel event in the retail calendar to return to Jakarta in January 2017

Jakarta, 9 November 2016 – The Internet Retailing Expo (IRX) Indonesia, is gearing up to return with a loud bang. The 2nd edition of IRX Indonesia, to be held from 18 to 19 January next year at the Pullman Jakarta Central Park, will once again become the meeting place for marketplaces, multi-channel retailers and online retailers to meet their key suppliers and learn through peer knowledge sharing and best practice implementation case studies.

IRX Indonesia was launched due to the huge potential of the internet retailing market, as it has started to grow significantly within Indonesia in the recent years.

In 2017, IRX Indonesia is expected to attract 2000 visitors to an even more diverse exhibition with plenty of value-packed on-floor sessions and 75 leading solution providers in the areas of digital infrastructure and innovation, digital payments, last mile fulfilment and many others. More than 80 multichannel and ecommerce retailers will be sharing knowledge and experience during the six conferences sessions, workshops and clinics at IRX Indonesia 2017. All these under the themes of Connected Store of the Future, Payments & Security, Insight & Experience, Digital Sales & Marketing, Digital Merchandising, Multichannel Operations & Fulfilment.

“IRX is the leading multichannel event in the retail calendar and takes place every March at the NEC Birmingham, United Kingdom. The UK is the most sophisticated internet retailing market globally. With over 200 exhibitors and 5000 visitors to the show, IRX welcomes retailers and technology providers from across the multichannel landscape,” said Richard Ireland, Managing Director, Asia, Clarion Events Pte Ltd. “Following its great success in 2016, IRX will be running its second show in Jakarta, Indonesia in January 2017 and plans to bring some of the expertise gained from the UK to Indonesia.  Our event plans to help retailers looking to establish, along their journey to grow their online retail strategies.”

Visitors to the event can expect industry tracks featuring a distinguished speaker panel of local and international industry who’s who, including, among others, Roy N. Mandey, Chairman, APRINDO; Ravi Kumar, COO, PT. MAP; Catherine Sutjahyo, CEO, Alfacart.com; Adrian Suherman, CEO, Lippo Digital Group; Aruni Therese Abeyesundere, Chief Marketing Officer, Pizza Hut;; Simon Torring, Regional Head of Merchandising (Digital), Sephora Digital SEA, AnkitPorwal, Business Director, L’Oreal Paris Indonesia; Ashley Amanna, Head of ECommerce, L’Oreal Indonesia; PankajKhushani, Head of Media Technology Solutions – SEA, India & Korea, Google; RizkieMaulana Putra, Head of ECommerce Development, Samsung Electronics Indonesia; TabahYudhananto, Marketing Technologist, Digital Marketing, CRM Senior Manager, Blibli.com; and Cam Walker, CEO Indonesia, iflix.

The conference will feature 6 streams alongside e-Commerce clinics and workshops on the exhibition floor. Special highlights for the event include SME Forum: “Building capabilities in a digital age”; CMO  Forum: “The way marketers engage customers”; CEO Panel Discussion: “Omni Channel retailing: Digital Transformation, Customer First”; E-Commerce University; E-Commerce Clinics; Start-up & Innovation Zone: “Enabling Business value with Digital Transformation”; Indonesia – China Cross-Border Ecommerce Pavilion; and 3D VR Shopping Experience.

IRX Indonesia will feature 50+ exhibitors including 8Commerce, Asian Delker Logistics, ATEX, Cashlez, Detrack, E2Pay, Egentic, ICUBE, Innovecto, Midtrans, MooCommerce, PaketID, Priceza, PT Kam and Kam, PT KiosonKomersial Indonesia, and SAP, and sponsors including BCA, Accenture, Telkom Indonesia, PT Pos Logistics Indonesia, Akamai, Anchanto, Go-Jek, Magento, Manhattan Associates, At Internet,  aCommerce, Alto, FedEx, Gift Card Indonesia, Intramega Global, netCORE, Sprooki, and JNE.

Registration is open for public. For more information on the event, please visit http://www.internetretailingexpo-asia.com/.

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Notes to Editors:

Contacts

For further information, media registration, images or interviews, please contact:
Stephen Warouw / Account Director / stephen.warouw@fleishman.com / 0811-1571707
Abee Hakiim / Account Manager / abee.hakiim@fleishman.com / 0821- 12342310

About Internet Retailing Expo

IRX Indonesia is the meeting place for marketplaces, multi-channel retailers and online retailers to meet their key suppliers and learn through peer knowledge sharing and best practice implementation case studies.

Euromonitor research confirms Sri Lanka as star attraction for tourism investment

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BENCH EVENTS | November 22, 2016

Government praised for making travel sector a priority

An exhaustive and independent report into Sri Lanka’s tourism prospects by one of the world’s leading providers of global business intelligence, has confirmed that the Indian Ocean island currently offers some of the region’s best opportunities for investment.

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Vishnu Vardhan, Research Analyst, Euromonitor International

The report by Euromonitor International is not uncritical: infrastructure still needs to be improved; airport capacity is lagging behind demand and telecom connectivity is still a problem.

But the report goes on to say that these issues are being addressed by a Sri Lankan government that has realised the golden opportunity that tourism offers the island as it emerges from years of conflict.

The findings will provide useful background for discussion at the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo in November, organised by Bench Events.

The author of the report, Vishnu Vardhan, research analyst at Euromonitor, said: “The world is slowing down economically. People are looking for economical places to travel, so there’s an interest in inexpensive destinations. Sri Lanka is one of them. Growth in the sector was by 17 per cent in 2014-15 in terms of the number of inbound arrivals. Its lower cost is a main driver of visitor growth.”

Sri Lanka’s concentration on developing the luxury hotel market is highlighted by Euromonitor. Curently there is demand for budget hotels, but the number of travellers from Western Europe and  North America is seeing double-digit growth and they tend to stay in luxury properties.

With arrivals in 2015 of 1.8m, expected to reach 2.6m by 2020, transport is a key issue. Road transport is good, but, the report points out, it will be put under considerable strain as visitor numbers grow, and the railways need urgent improvement to take some of the burden.

Colombo airport is a bottleneck, already operating above capacity, according to the report. It says expansion plans are due to be completed in 2020, more than doubling capacity. And fast road and rail links to the capital are in hand.

Euromonitor says the tax benefits on offer are good for tourism investment, and the Government’s planned tourism zones are a sensible way forward. But infrastructure improvements are a priority, not just in transport, but also in connectivity: electronic payment in some hotels is still lacking.

Vishnu Vardhan said: “This is a problem across many South Asian countries. But it’s also a region that is growing economically so people have higher disposable income, and as people become more affluent, there’s a trend towards more affluent hotel properties. More people will demand to book online.”  The increasing presence in the region of many of the big hotel chains, bears this out.

AHTIC will bring international leaders of the hospitality industry to Sri Lanka. It will be a forum for three days of high-level discussion from across the region – speeches by prominent insiders, a unique chance to hear political leaders’ views first-hand, and opportunities to network with entrepreneurs and other successful individuals, including a delegation of substantial investors from China, ranging from the Presidents of Dosun Hotel Group and Phoenix Global Investment to the Secretary-general of China Real Estate Association Financing Committee.

A demonstration of the growing co-operation between the public and private sectors is the opening AHTIC networking reception in Colombo hosted by the President of Sri Lanka, H.E. Maithripala Sirisena, the conference patron. His prime minister, as well as the tourism minister, will give the opening speeches as the conference gets under way the following day.

AHTIC will take place, November 27 – 29, 2016, at the Hilton Colombo, Sri Lanka.

For the full programme visit: www.asia-conference.com/programme

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts and Dusit International, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and Latin America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Euromonitor International

Euromonitor International is the world’s leading provider of global business intelligence and strategic market analysis. Its global market research database, Passport, provides statistics, analysis, reports and breaking news on industries, countries and consumers. Euromonitor is headquartered in London, with offices in Chicago, Singapore, Shanghai, Vilnius, São Paulo, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore.

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Content and Media Professionals in Demand Amid an Otherwise Slow Hiring Period: TimesJobs RecruiteX

NEW DELHI, November 21, 2016 /PRNewswire/ —

Hiring Momentum Slows Down During the Festive Season by 2% in October 2016 – Finance and Accounting Sector Bucks the Trend

The hiring momentum slowed down by 2% in October 2016 according to the latest TimesJobs RecruiteX Report. This mirrors global employment trends, which show a dip in hiring activity during this time of the year with festivals, celebrations and year-end vacations slowing down recruitment cycles.

“The RecruiteX data trend shows a regular dip in hiring around this festive season. Most people take their annual vacations during this period and it reflects in the manpower planning strategies of companies – which defer recruitments during this period. Post festivities, talent demand is seen to pick up pace,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

“The rise in demand for professionals in financial accounts and tax consultancies is also a sign of companies preparing for the year ending. With new channels being launched across domains, content and media professionals are also seeing good opportunities for growth,” adds Roy.

Key takeaways

  • Finance and accounting sector reported 19% rise in talent demand
  • Content, editors and journalists posted 13% rise in demand
  • Among metros, Bengaluru leads demand with 14% rise in demand
  • Demand up by 3% for professionals with 10-20 years of experience


Finance, Tax and Accounting top hiring sectors

Financial Accounting was the top hiring sector of the month, followed by logistics and warehousing. The financial accounting and tax consulting industry posted 19% rise in talent demand in October 2016. The logistics and warehousing sector saw a 3% rise in talent demand during the month. BPO, ITeS and the EXIM sectors reported a 1% rise in talent demand during the month.

Content and Media professionals in demand

Content professionals, editors and journalists saw a 13% rise in demand in October 2016. As a result of increased hiring activity in the accounting industry, demand for accounting and finance professionals grew by 8% in the month. Logistics and supply chain managing professionals posted 6% rise in talent demand and engineers saw a 2% rise in demand during the month.

Bengaluru is the best performing metro

Among metros, talent demand was highest in Bengaluru. The city posted a rise of 14% in talent demand during October 2016. Pune followed with a 5% rise in talent demand. Among states, Kerala saw maximum rise (5%) in talent demand during the month.

Demand rises for experienced professionals

The demand for professionals with 10-20 years of experience reported an average rise of 3% during October 2016. None of the other experienced categories posted rise in demand during the month. Professionals with over 20 years of experience saw 8% drop in demand and mid-level professionals with 5-10 years of experience saw 4% drop in demand. Entry level professionals registered 2% drop in demand during the month.

Download the complete RecruiteX report here http://bit.ly/2euFZwT

About TimesJobs:

TimesJobs, a flagship business of Times Business Solutions (TBS), is a platform to help competent professionals make smarter career decisions. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is fast becoming the most preferred career portal among the candidates.

TimesJobs is leading in the recruitment and employment space with its pioneering and dynamic divisions because it successfully meets all the needs of the jobseekers. Its major platforms include:

  • TechGig:  India’s biggest dais for tech professionals to help them Learn, Showcase and Compete in the IT industry.
  • JobBuzz: A well-known portal that provides information and insights about different companies, job profiles and interview processes.
  • StepAhead: StepAhead offers Professional Resume writing and distribution services, career astrology, and resume improvement to help jobseekers accelerate their career.

Also, TimesJobs has the largest collection of jobs in the market, which ensures that whenever and wherever there is a great opportunity, jobseekers will discover it on the platform.

In the recruitment market as well, being the biggest platform for competent professionals who think of their careers first, TimesJobs has become the destination of choice for recruiters who seek to engage with the right talent.

Media Contact:
Aseem Seth
Head of Corporate Communications
Times Business Solutions – A Division of Times Internet Ltd.
Email: aseem.seth@timesgroup.com
Twitter: @aseems
Tel: +91-120-663-6338, +91 9910 273367

SOURCE TimesJobs