Schaeffler India continues rural community development in Savli, near Vadodara - The Daily Guardian
Connect with us

Business

Schaeffler India continues rural community development in Savli, near Vadodara

Published

on

Vadodara (Gujarat) [India], February 8 (ANI/NewsVoir): In line with its commitment to support community development, Schaeffler India, a leading industrial and automotive supplier, recently (Saturday, February 06, 2021) held an inaugural ceremony of the newly constructed Boys Hostel for Lok Vidyalaya school in Lamdapura village near Savli.
The objective behind this initiative, which is fully funded by Schaeffler India, is to provide a much safer and healthier educational environment to the underprivileged boys and to expand their overall educational opportunities. This is in line with their flagship CSR initiative ‘HOPE’ and its vision of building a nation that is self-sustaining and prosperous by creating a pool of equal opportunities for young children.
The inaugural function took place at Lok Vidyalaya School and was inaugurated by – Harsha Kadam, CEO Schaeffler India and President, Industrial Business and Santanu Ghoshal, Vice President – Human Resources and Head – CSR, Schaeffler India, Schaeffler India. The Lok Vidyalaya school was adopted by Schaeffler India a few years ago and the newly built Boys’ Hostel can accommodate approximately 156 students. The facility is built providing facilities that are at par with any modern urban schools. The hostel facility includes bunk beds for students with individual storage cupboards, a common dining hall, a well-equipped kitchen and storerooms, and proper common toilet facilities on each floor.
Sharing his thoughts on the same, Santanu Ghoshal, Vice President – Human Resources and Head – CSR, Schaeffler India added, “At Schaeffler, along with our business operations in the region, we deeply believe in contributing and making a positive impact in the societies around us in which we serve. These people of these villages have become like a second family to us at Schaeffler India. While we had already previously built a girls hostel at the Lok Vidyalaya school, it gives me immense satisfaction to inaugurate this new facility for the boys as well. We hope that this will bring about even further improvements in the number of enrollments at the school. We are positive that we
will be able to bring an about even greater change in the community, empowering the rural population to grow in a better and progressive environment.”
Since the involvement of Schaeffler India, the effect on student enrollment has really inspired the student retention ratio to increase to 90 percent with a male-female ratio of 60:40. Infact, before the boys hostel Schaeffler India had previously built a girls’ hostel.Schaeffler India’s efforts towards supporting the education of lesser privilaged students at Lok Vidyalaya School also recently recieved appreciation in the form of ‘Diamond’ awards – the highest award for “Par Excellence Performance” at the Third HR/CSR Virtual Convention 2020-21 organized by the Vadodara chapter of the Quality Circle Movement in India (QCFI).
The Lok Vidyalaya School is a residential Grant-in-Aid Tribal Secondary School located in the village of Lamdapura in Savli, Gujarat, which was adopted by Schaeffler India back in 2016. Under our HOPE CSR program, Schaeffler India provides complete infrastructure and educational support to the school to encourage differently-abled and lesser-privileged students in the rural villages to pursue education and fulfill their dreams.
More than 93 percent of the students of Lok Vidyalaya School belong to marginalized communities (SC/ST/OBC) with nearly 40 percent of the students being girls. As a result of Schaeffler India’s continuous efforts towards providing a holistic education for all, Schaeffler India has been investing in improving the school facilities, including the construction of a state-of-the-art girl’s hostel at the school premises.
Since Schaeffler India’s adoption of the Lok Vidyalaya school, there has been a significant improvement in both the enrollment of students (girl students in particular) as well as in the educational results of the students
Schaeffler India as a part of its CSR program has consolidated its activities and focus exclusively on a few core areas which will make a meaningful impact on the community and make a difference. HOPE is Schaeffler India’s umbrella initiative encompassing the values, vision, and mission of the organization. Through this initiative, Schaeffler India strives to contribute, to the motto of May everyone be happy. It is derived from the four core areas of focus – Healthcare, Occupational skill, Preservation of national heritage, art and culture, and Empowerment of society. Under HOPE, Schaeffler India runs a number of initiatives for the four focus areas.
Schaeffler has been present in India for over 50 years. With 3 well-known product brands LuK, INA, and FAG, 4 manufacturing plants, and 11 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 43.6 billion in 2019 and around 2800 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings, and wheel bearings that are sold under the brand name of FAG. The plant at Talegaon near Pune manufactures engine and powertrain components for the front accessory drive system, chain drive systems, valve train, gear shift systems, and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving industrial and automotive customers. All of this is backed by dedicated engineering, research, and development support based in India in support of product teams.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

The Daily Guardian is now on Telegram. Click here to join our channel (@thedailyguardian) and stay updated with the latest headlines.

For the latest news Download The Daily Guardian App.

Business

Reliance acquires majority equity stake in skyTran Inc

Published

on

By

Mumbai (Maharashtra) [India], February 28 (ANI): Reliance Strategic Business Ventures Limited (RSBVL) announced that it has acquired an additional equity stake in its investee company skyTran for a consideration of USD 26.76 million increasing its shareholding to 54.46 per cent on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation and propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
RSBVL, a wholly-owned subsidiary of Reliance Industries Limited, in a statement said that the technology has been developed by skyTran to create smart mobility solutions.
The firm said that the proposed skyTran transportation systems would consist of computer-controlled passenger pods running on its state-of-the-art, patented passive magnetic levitation technology and would use cutting edge IT, telecom, loT and advanced materials technologies to transport passengers in a fast, safe, green, and economical manner. It is also supported by notable global venture capital investors such as innovation endeavors.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “Our acquiring majority equity stake in skyTran reflects our commitment to invest in building futuristic technologies that would transform the world. We are excited by skyTran’s potential to achieve an order of magnitude impact on highspeed intra and inter-city connectivity and its ability to provide a high speed, highly efficient and economical ‘Transportation-As-A-Service’ platform for India and the rest of the world.”
“We firmly believe that non-polluting high speed personal rapid transportation system will help facilitate environmental sustainability through efficient use of alternative energy and make an impactful reduction in air and noise pollution,” he added. (ANI)

Continue Reading

Business

Ahmedabad based Jhanwi Creative Studio makes India proud by winning the coveted International AFNS Photography Award

Published

on

By

Ahmedabad (Gujarat) [India], February 27 (ANI/India PR Distribution): Jhanwi Creative Studio, an Ahmedabad-based photo studio has made India proud on the international photography platform by winning the renowned AFNS Award.
The AFNS AWARD is an international competition for photographers in the field of Newborn Photography & Maternity Photography.
We draw on photographers who convey a high level of quality and exceptionalness with their pictures. The idea, composition, image design, and implementation are evaluated by an international expert jury. The award is divided into the following 7 categories: maternity, newborns, parents, babies, children, siblings, birth.
The 2021 results have just been released and Indian photographers from Jhanwi creative studio have been named the winner of the newborn photography category, out of thousands of entries from 18 countries.
Jhanwi creative studio has made India proud by winning the acclaimed AFNS photography award for newborn photography. AFNS awards are an internationally organized photography contest. This year photographers from more than 18 countries have participated in the event.
The studio is run by young talents 23-year-old Rudra Jani and 21-year-old Meshwani Chavda. Despite their youth and less experience, they are adept at sensing and delivering on the needs of their clients as well as arranging some of the most beautiful and poignant pictures of new mothers and their babies.
The studio has achieved much since its inception. It completed more than 250 sessions within the first six months of its inception and has bagged an award by the international contest called AFNS Awards. The two talented duos who run the company believe in the value of hard work and struggle to meet the lofty goals that inspire them.
Meshwani Chavda is adept at creating adorable settings for babies. In collaboration with Rudra Jani, who is a highly talented photographer, they are able to create magical photographs. Jhanwi Creative Studio helps capture adorable photographs of babies and their mothers, which will endure as long-lasting memories for a client.
The studio is racing ahead, thanks to the efforts of its creative leaders. RudraJani is based in Mehsana and is pursuing qualifications in VFX and Animation from eQuinoxx. He started this business with his own efforts and has been steadfast for the past 3 years.
Just graduated from Gujarat University, Meshwani Chavda lives in Ahmedabad and is passionate about photographing babies. She manages the entire process of photographing right from the beginning to the end in the studio. Her ambition is to carry her business to abroad, along with continuing her higher studies. RupeshGohil is a senior editor of Jhanwi Creative Studio.
More details on Jhanwi Creative Studio can be found on their Instagram and Facebook handle:-
https://www.instagram.com/jhanwi_studio.
https://www.facebook.com/Jhanwistudio/
This story is provided by India PR Distribution. ANI will not be responsible in any way for the content of this article. (ANI/India PR Distribution)

Continue Reading

Business

Need to promote decent and sustainable work in automotive industry: ILO

Published

on

By

Geneva [Switzerland], February 27 (ANI): Governments and organisation of workers and employers from around the world have agreed that there is an urgent need to invest in education, training and life-long learning for all in the automotive industry.
“The industry is going through an unprecedented change amid great challenges,” said Chairperson of a virtual ILO meeting Erika Gabriela Martinez Lievano.
“Our industry can contribute to green growth and decent work opportunities for more women and men, through a just transition in which we create an enabling environment for sustainable enterprises to grow and we promote and protect workers’ rights,” she said.
The Covid-19 crisis has placed massive economic strains on the industry and its workers. It has compounded existing challenges like supply chain disruption, factory closures and a collapse in demand.
“The automotive industry has been severely disrupted by the Covid-19 pandemic, putting at risk the survival of enterprises. It will take years for the industry to return to pre-crisis levels of production and sales,” said the Employer vice-chairperson Sawsen Ayari Pouliquen.
“There is an urgent need to build back an enabling business environment, stimulate aggregate demand and prepare to meet future skills needs of the industry going forward,” she said.
The ILO’s centenary Declaration for the Future of Work (2019) and its human-centred approach provides a roadmap for shaping a future that works for all in the automotive industry and ensure that no one is left behind.
“Freedom of association and collective bargaining are more important than ever,” said the Worker Vice-chairperson Ben Mathew Norman.
“These rights enable the effective social dialogue that is needed to face an increasingly uncertain future in the automotive industry and to assure that transformations in the industry are socially and environmentally just,” he said.
The meeting adopted conclusions that give governments, workers and employers a strong mandate to invest in people’s capabilities and a just transition to decent and sustainable work.
“The adoption of these ambitious conclusions is timely and propitious,” said the Government Vice-chairperson Therese Boutsen.
“They clearly reflect that governments, employers and workers refuse to be passive victims of circumstances or megatrends and that they are ready to jointly shape a brighter future of work for more women and men in the automotive industry.” (ANI)

Continue Reading

Business

Come explore global business opportunities at the grand 3D event ‘Global Buyer Seller Meet’ organised by Being Exporter

Published

on

By

Surat (Gujarat), February 27(ANI/PNN): Let the Virtual World redefine your Business Culture. Being Exporter in association with Association of Global Merchants is here with – ‘Global Buyer Seller Meet.’ This International Virtual Exhibition is happening on February 26, 27, and 28, 2021.
It is a 360 degree and 3D platform for buyers and sellers across the world to meet, interact and discover global business opportunities. It has been organized with the goal to generate more and more businesses for people in India to help alleviate their business brands on a big global platform and export effectively.
This grand international virtual event creates a new look for promoting the ‘Make In India’ campaign. This is one of the best events showcasing our local talent on a global online platform, thus supporting the ‘Vocal for Local’ concept in India.
Also, this shows that we believe in ‘Atma Nirbhar Bharat’ and are duly promoting this ideology. If you see the exteriors we have put our Prime Minister’s image which exhibits our strong belief and support to all three ideologies as proposed by Narendra Modiji.
This time we have created a very extraordinary event by starting a unique initiative. We Have collaborated with the Association with Global Merchants and have invited important dignitaries from across the globe. Our special guest invitees include Francesco Mirizzi, Kezy Mukiri, and Scarlett Hoffmann from Europe, Africa, and South America respectively.
We even have core committee members of Global Merchants who will be our special guests – Yadav Ashwani Bishkarma, Brijesh Kumar Akoliya, and Akash Sanjay Agrawal. This will give a lot of scope for exploring global business opportunities between India and other countries.
With the belief that ‘export is easy,’ the Man of Exports is introducing one of the biggest and the largest 3D exhibitions happening in India. ‘Global Buyer Seller Meet, ‘ is one of the most exclusive trade shows with a buyer’s presence from across 100+ countries. Mr. Bhagirath Goswami, founder of Being Exporter has been causing abundant exports and creating exporters in the country.
Due to his passion and dedication in the field of exports, he has been named the ‘Man of Exports’ by many entrepreneurs. In order to promote Indian exports, Bhagirath helps people from all walks of life to export their consignments.
Towards this cause, he organizes many global events and exhibitions. This time Bhagirath is coming with a unique kind of initiative for the exporters.
It is the most exclusive trade show cum international buyer-seller meet where visitors from 100 plus countries will visit the online platform. The exhibition covers various commodities like agricultural products, textiles, chemicals, furniture, food, machinery, jewelry, kitchen appliances, and much more.
The whole idea behind the ‘Global Buyer Seller Meet is to connect buyers from different countries to sellers who have been in their business for a long.
The exhibition will also give buyers access to information like products, websites, presentations, chatting options, and also direct video calling. The interesting part about this exhibition is that there are going to be many seminars, panel discussions, and other events scheduled to run alongside the stalls. They also have an entertainment zone with live band performances and art shows.
If you are interested to explore the international market, then you can do so by simply booking your stall in the exhibition. As a seller, this will be the best opportunity for you to showcase your products, and meet thousands of buyers coming from different countries around the world. This will in turn generate leads and increase your exports and take your business to the next level.
Come be a part of the Global Buyer Seller Meet. Your chance to meet, network, and explore the export market. This international exhibition is a once-in-a-lifetime opportunity you cannot miss.
For more information: https://globalbuyersellermeet.com/
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

Continue Reading

Business

ADB’s AAA rating affirmed, outlook stable

Published

on

By

Singapore, February 27 (ANI): S&P Global Ratings has affirmed AAA long-term and A-1 plus short-term issuer credit ratings on Asian Development Bank (ADB).
The ratings on ADB reflect S&P’s assessment of the bank’s extremely strong enterprise and financial risk profiles. The ratings do not incorporate extraordinary shareholder support from ADB’s callable capital because S&P assesses the bank’s capital adequacy to be in its highest category without this support.
The Covid-19 pandemic has strengthened ADB’s role as a counter-cyclical lender. In response to the pandemic, the bank announced a 20 billion dollar financing package in April 2020, which includes a 13 billion dollar Covid-19 pandemic response option under its countercyclical support facility.
In addition, ADB unveiled a new 9 billion dollar vaccine facility in December 2020 to support the purchase and delivery of vaccines in Asia Pacific region.
In terms of the size of purpose-related exposures, the bank is the fourth-largest multilateral institution after the European Investment Bank, the International Bank for Reconstruction and Development and the International Development Association.
S&P said ADB’s important role and unwavering public policy mandate along with strong membership support anchor its assessment of an extremely strong enterprise risk profile.
The bank benefits from the support of its members and a diverse shareholder base. A total of 49 members from Asia Pacific own 63.4 per cent of ADB and 19 non-regional members own the remainder.
While Japan and the United States have always been ADB’s largest shareholders (both own 15.6 per cent), the bank’s shareholder base is diversified with eight governments owning more than 5 per cent of capital each.
These include China (6.4 per cent), India (6.3 per cent), Indonesia (5.4 per cent), Canada (5.2 per cent) and South Korea (5 per cent). Non-borrowing members have about 62 per cent of ADB voting rights, outnumbering borrowing members by two to one. (ANI)

Continue Reading

Business

CESL pitches for Delhi government’s shift to electric vehicles

Published

on

By

New Delhi [India], Feb 27 (ANI): Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has announced support for the Delhi government’s switch to electric vehicles.
The Delhi government has mandated all its departments, autonomous bodies, and grantee institutions to shift their existing fleet of hired conventional fuel vehicles to electric variants within six months.
The Delhi EV Policy 2020 says all departments of the government of NCT of Delhi will have to shift their existing hired petrol, diesel and CNG vehicles to electric vehicles via lease model through Government e-Marketplace (GeM) portal or through EESL.
CESL is a registered body on the e-Marketplace, and provides with ecosystem based services to enable such a system-based conversion.
Mahua Acharya, CEO and Managing Director of CESL, said it is admirable to see the Delhi government take a leadership role in accelerating the adoption of electric mobility.
“Taking a system-wide approach is also exactly the way this should be done, and the Delhi Government has indeed gone this way. This shift will do a lot for residents of the NCT area too, addressing air and noise pollution while simultaneously signalling to the market its seriousness around electric mobility,” she said.
The adoption of electric vehicles in India is being encouraged by the central government with a target to reach 30 per cent by 2030. Nearly 70 per cent of all commercial cars, 30 per cent of private cars, 40 per cent of buses and 80 per cent of two-wheeler and three-wheeler sales will convert to their electric variants.
Delhi has a target of 25 per cent EVs for all new vehicle registrations by 2024.
CESL has taken the lead by deploying 1,500 electric vehicles and over 1,000 charging stations. With the help of the government subsidy, the aim is to reach 10,000 charging stations in three years.
CESL says it will take this effort to the next level by rolling out innovative clean energy-based transport solutions as a whole, not just electric cars. It will invest in solutions that lie at the confluence of renewable energy, electric mobility and climate change. (ANI)

Continue Reading

Trending