The expansion marks another milestone in Schmersal’s long-term growth strategy and strengthens its ability to deliver advanced engineering, digital solutions, and machine safety technologies to customers worldwide.

Speaking on the occasion, Ramji Singh, Managing Director, Schmersal India, said, “This expansion marks an important milestone in our journey. By moving into our own larger facility in Pune, we are strengthening our global engineering, digital solutions, innovation, and automation capabilities. The new facility reflects our growth ambitions while providing an environment where innovation thrives and talent can achieve its full potential. Alongside this expansion, we are proud to introduce six new products manufactured in India that further strengthen our machine safety portfolio.”

The new SGCC has been designed to promote collaboration, innovation, and operational excellence. It will further strengthen Schmersal’s role as a global engineering and technology hub, supporting product development, software engineering, digital transformation, embedded systems, IoT, SAP, Microsoft technologies, and IT infrastructure for the Schmersal Group worldwide.

The company also inaugurated its Product Experience Center, showcasing Schmersal’s comprehensive machine safety solutions along with the safety consulting expertise of tec. nicum. Visitors can experience integrated solutions for machine guarding, interlocking systems, access control, functional safety, software, engineering services, and digital safety technologies that help transform industrial operations into safer and smarter workplaces.

As part of the event, Schmersal launched six products developed and manufactured in India:

• Safety Field Box Port Extender for enhanced connectivity and scalable integration of industrial field devices.
• Magnetic Switch, a European-standard-compliant solution for reliable position monitoring, is particularly suited for the elevator industry.
• Fork Sensor, an infrared-based sensing solution for accurate object detection in high-speed industrial applications.
• New Safety Limit Switch Series, offering robust safety performance across diverse industrial environments.
• Overspeed Governor Limit Switch, designed to enhance elevator safety by detecting overspeed conditions.
• Multi-level Parking Control System, enabling secure, key-based vehicle movement across multi-level parking facilities.

These products address the evolving requirements of industries including manufacturing, logistics, automotive, warehousing, infrastructure, and vertical transportation while supporting Schmersal’s vision of making workplaces safer through advanced technology.

The expanded facility will also play an important role in talent development and cross-functional collaboration. With enhanced infrastructure and increased capacity, Schmersal aims to attract top engineering talent while strengthening collaboration across its global network.

The occasion also commemorates 13 years of Schmersal’s manufacturing operations in India, highlighting the company’s continued investment in local manufacturing, engineering excellence, and innovation under the Make in India initiative.

Dignitaries present at the inauguration were – Rogerio Baldauf – MD (Schmersal Brazil), Gary Ferguson – MD (Schmersal USA), Uwe Seeger-Director (Schmersal Asia & Middle East, Michael Ambros – MD (Schmersal Group), Dr Anna Dahlem – Head of People & Culture (Schmersal Group), Ramji Singh – MD (Schmersal India), Christoph Hallier – Intl Relations & Diplomacy, Jayadev Devadas – VP (Schmersal Global Competence Center), Giovanni Lucido – MD (Schmersal Italy & Switzerland), and Jan Noether – Director General, Indo-German Chamber of Commerce 

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INDIA: Directed and produced by internationally acclaimed Artist & Wildlife Photographer Sandeep Sinha (from Pune) and with cinematography by Mohammad Zeeshan, the Short Film ‘& That Fifth Toy’ has received multiple international awards and official selections at film festivals across India, the United States, Canada, and Europe.

Based on a true story, the film follows Vimla Kahar’s extraordinary journey through gender discrimination, child marriage, domestic abuse, motherhood, and the denial of educational opportunities. Despite these challenges, she refused to surrender her dreams and built a respected career as a wildlife forest guide in one of India’s most celebrated tiger reserves, Satpura Tiger Reserve.

Her dedication, perseverance, and contribution to wildlife eventually earned her national recognition as one of the finalists for the Best Tiger Reserve Forest Guide of India, making her story an inspiring example of courage and determination.

The title ‘& That Fifth Toy’ is about the last dream a person refuses to let die. “In our film, every toy represents a dream. Four dreams are broken by society and circumstances. The fifth one represents her identity and self-worth. Even when that seems lost, her daughter gives it back in the simplest form – ’a handmade clay toy. & That Fifth Toy is not about losing dreams; it’s about discovering where true recognition really comes from”, says Sandeep Sinha.

The film garnered several International Film Awards & Recognition – Award Winner :

• Los Angeles Film Awards – Best Actress Award
• Mysuru International Film Festival – Best First-Time Filmmaker Award
• Indian Panorama International Film Festival – Best Short Film Award
• Niagara Canada International Film Festival – Best Foreign Short Film Award

Official Selections & Honors :

• Independent Shorts Awards, Los Angeles
• Los Angeles Short Film Awards
• California Film Festival Short Film Awards
• South West London Short Film Festival
• Berlin Indie Short Film Festival – Finalist

Rishika Mishra was the lead actress who played the role of Vimla Kahar, while Ayunee Singh played the character as a child. Others in the main cast were Palak Gupta, Manasee Soni, Arun Kanojia, Anil Soni, Parag Telang, and Himanshu Rathore.
The Art Director of this film is Aman Patel, and the Associate Director is Hamid Hussain Ansari.

“Vimla Kahar’s journey represents the strength of countless women who continue to overcome social and personal challenges. Through this film, we wanted to share a true story of resilience, hope, and the power of never giving up on one’s dreams.”, smiles Sandeep Sinha.

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The procedures performed included Gonioscopy-Assisted Transluminal Trabeculotomy (GATT) and Kahook Dual Blade (KDB) Goniotomy.

GATT is a micro-incisional procedure that restores the eye’s natural drainage pathway through a comprehensive 360-degree approach, reducing intraocular pressure while preserving conjunctival tissue and keeping future treatment options open. KDB Goniotomy uses precision-engineered instrumentation to remove diseased trabecular meshwork tissue, improving aqueous outflow and supporting effective long-term pressure control. Both techniques are designed to reduce surgical trauma and allow for faster recovery compared to conventional glaucoma surgery.

Dr. Aparna Paranjpe shared that this initiative is part of the K K Eye Institute’s ongoing effort to provide the most competent patient care as a Centre of Excellence for Glaucoma diagnostics and treatment modalities. “We bring together specialised surgical capability, technology, and consistent patient follow-up under one roof. Initiatives like this help us to further advance this expertise”, said Dr.Paranjpe.

Known as the Silent Thief of Vision, Glaucoma affects over 12 million people in India. It is a leading cause of irreversible vision loss, as the disease advances without warning signs. Access to highly advanced medical treatment and specialist expertise is therefore critical to manage and treat the disease.

With over 20 years of legacy and more than 2 lakh successful surgeries, K K Eye Institute is one of Pune’s most trusted super-speciality eye hospitals. Founded by Dada Vaswani, under the aegis of the Sadhu Vaswani Mission, the Institute operates on the principle of #NoCompromise on clinical excellence and compassionate care.

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MUMBAI: Masala King Dhananjay Datar and his wife Vandana hosted a grand two-day wedding celebration for their son, Rohit Datar, with Saniya Narawade, at the iconic Fairmont Hotel, Mumbai, on 23rd and 24th June 2026. The star-studded evenings brought together family, friends, and well-wishers to bless the couple as they embarked on a new chapter in their lives.

The sangeet night on 23rd June kicked off with popular comedians Krushna Abhishek and Rajiv Thakur warming up the crowd with their trademark humor, setting the stage for the evening’s biggest surprise: superstar Shah Rukh Khan. King Khan had the entire gathering in raptures, dancing with effortless charisma, regaling guests with his iconic dialogues, and sharing playful romance tips with the newlyweds-to-be. He took to the floor with Rohit and Saniya, and later with the Datar family, leaving every guest charmed – and wanting more by the time the night wound down. It was a treat watching King Khan warmly hug the Masala King, followed by the entire family dancing with him, on his chartbuster number – Dekho dekho hai shaam badi deewani …om shanti om, before he signed off for the evening!

“As parents, it was the greatest and most joyous moment for Vandana and me, to watch Rohit and Saniya begin this beautiful new journey together, surrounded by the love of our family and friends. We wish the couple a lifetime of togetherness, blessings, and countless reasons to rejoice,“ shared Dhananjay Datar.

The celebrations continued into the reception on 24th June with a spectacular musical evening featuring renowned singer Sonu Nigam, whose performance created an electrifying atmosphere throughout the night. Among the evening’s most heartwarming moments was the groom’s mother, Vandana, taking the mike and crooning the popular song with Sonu Nigam – ‘Tere haath mein, mera haath ho’, her joy and excitement lighting up the celebration.

Saniya’s parents, Seema and Kumar Narawade, warmly welcomed family and friends throughout the festivities. Rohit’s elder brother, Hrishikesh, and his wife Akanksha also joined in wholeheartedly, dancing and sharing in the joy of the occasion alongside the rest of the family.

Both evenings concluded with guests indulging in a delicious spread of gourmet cuisine, rounding off a truly memorable celebration of love, music, and togetherness.

Dhananjay Datar, popularly known as the “Masala King,” is the founder of one of the world’s leading Indian grocery and spice retail chains, Adil Group, with a strong global presence across the Middle East and beyond.

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MUMBAI: InvisQue, a hospitality-technology startup, announced the launch of its end-to-end queue management platform designed to help restaurants eliminate paper waitlists and missed-call chaos while converting idle wait time into additional revenue.

Industry data cited by the company shows nearly two-thirds of guests won’t return after a single poor waiting experience, while restaurants lose significant monthly revenue to walkouts and manual queue failures. InvisQue closes that gap with one QR-based system covering digital queuing, live wait updates, menu pre-ordering, kitchen display, valet management, and post-visit analytics.

“Restaurants have been stitching together paper lists, SMS tools, and generic queue apps that don’t talk to each other. InvisQue replaces all of that with one connected platform that runs entirely from a guest’s phone browser – no app install, no extra hardware.“, said Gautam Sahijwala, founder of InvisQue.

Guests scan a QR code, join the queue in seconds, and get notified when their table is nearly ready. While waiting, they can pre-order from the menu, so food is ready by the time they’re seated. Staff get one live dashboard for queue status, table assignment, valet dispatch, and kitchen orders, plus automated feedback collection and review prompts.

Early deployments on the platform show meaningful gains in guest satisfaction and pre-order revenue, according to the company. Gautam says restaurants can go from setup to full launch in as little as 14 days, with no hardware installation or long-term lock-in.

The platform scales from single-location restaurants to multi-venue chains, with centralized admin controls and per-venue feature customization.

InvisQue is currently onboarding new restaurant partners.

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The MoU establishes a collaborative framework to promote cross-border trade and investment by combining ICIEC’s expertise in credit and political risk insurance solutions with BoH’s banking capabilities and client network.

Under the MoU, the two institutions will work together to identify and develop business opportunities, support trade finance transactions, and offer Shariah-compliant appropriate risk mitigation solutions to public and private sector entities meeting ICIEC’s eligibility criteria.

Commenting on the signing, Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said: “Our partnership with Bank of Huzhou reflects ICIEC’s commitment to building strong alliances with financial institutions that can help expand trade and investment in between China and our Member States. By bringing together BoH’s banking capabilities and ICIEC’s Shariah-compliant suite of risk mitigation solutions, we aim to support businesses in accessing new markets, mobilising finance, and pursuing opportunities with greater confidence.” He added: “This MoU provides a practical platform to advance cross-border cooperation, strengthen financial connectivity, and contribute to sustainable development across member markets.”

Through this non-exclusive partnership, ICIEC and BoH will focus on jointly marketing and sourcing opportunities, providing advisory support, and facilitating financing backed by ICIEC’s insurance solutions for BoH’s corporate clients. The MoU also provides scope to explore innovative initiatives including potential InsurTech-enabled platforms, to expand access to trade and investment opportunities, enhance service delivery, and strengthen economic linkages between China, other major markets and ICIEC Member States in support of sustainable development in line with ICIEC’s eligibility criteria.

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In line with its mandate to support private sector growth in its member countries, the ICD and the Azerbaijan Business Development Fund (ABDF) signed a framework agreement to launch a managed Shariah-compliant line of financing for SMEs during the opening ceremony of the IsDB Group 2026 Annual Meeting’s Private Sector Forum in Baku. Under this framework, the parties are to collaborate in deploying up to AZN 200 million within the next two years. The program introduces a local currency (AZN) financing channel by which ICD, acting as ABDF’s agent, will blend ABDF’s AZN funds with ICD’s USD, EUR, and AZN resources to support SMEs and private sector growth in Azerbaijan. Through this initiative, the ICD, acting on its own behalf and on behalf of ABDF, will provide either single or multi-currency line of financing facilities to selected partner financial institutions in Azerbaijan for on-ward financing of eligible companies in the country. This arrangement is expected to help mitigate foreign exchange risk that has long hindered the growth of  Azerbaijani SMEs, especially those operating outside major cities in the country.

In a further attempt to explore bankable financing opportunities in Azerbaijan and facilitate the realization of its mandate of supporting private sector development in its member countries, the ICD also signed a Memorandum of Understanding (MoU) with the State Oil Company of the Azerbaijan Republic (SOCAR), establishing strategic cooperation between the two institutions to collaborate in financing of infrastructure and energy projects in Azerbaijan and other member countries within existing public private partnership (PPP) frameworks. Under the Memorandum of Understanding, the parties will identify and evaluate financing opportunities for project companies established by SOCAR and its joint venture partners. Within this framework, ICD will provide financing solutions tailored to the specific requirements of the projects.

Further, the ICD signed a Mandate Letter with Azerconnect for a USD 20 million financing facility for capex financing and an Expression of Intent Letter for a USD 15 million Line of Financing Facility with Turan Bank for onward financing of SMEs and eligible companies in Azerbaijan.

In an effort to strengthen and deepen its operations in Nigeria, the ICD also signed a Mandate Letter with the Nigerian Export-Import Bank (NEXIM) for a USD 50 million syndicated line of financing facility to be arranged by ICD to be used by NEXIM for financing eligible private sector entities in Nigeria.

In line with its mandate of promoting economic development in its member countries, the ICD also signed an Expression of Intent  Letter for a proposed EUR 50 million Line of Financing Facility with  Afriland Bank (Cameroon),  and a Final Term Sheet for Euro 20 Million line of finance facility with AFG Bank (Cameroon), each for onward financing of SMEs and other eligible private sector companies in Cameroon. Under these facilities,  the ICD will be leading and supporting the arrangement and mobilization of resources and private capital to support the operations of these Cameroonian banks and thus contribute to fostering economic growth and prosperity in the country.

Consistent with its objective of having a diversified portfolio across its member countries, the ICD also signed a Murabaha Facility Agreement with Al Salam Bank of Bahrain (ASB) for a USD 50 million Line of Finance Facility for onward financing of eligible companies in Bahrain whose operations contribute or have the potential of contributing significantly to the growth and development of SMEs and the private sector in general in Bahrain.

ICD has also signed a strategic Memorandum of Understanding with DAMU Entrepreneurship Development Fund of Kazakhstan to establish a framework for cooperation aimed at identifying and developing financing and guarantee opportunities for Lines of financing in Kazakhstan, with a focus on supporting SMEs and private‑sector entities.

To further its support to the growth of the private sector in Kazakhstan, the ICD also signed a strategic Memorandum of Understanding with KAZAGROFINANCE JSC of Kazakhstan (KAF) to establish a common ground for partnership between the parties and the Ministry of Agriculture of Kazakhstan to extend thematic agri-sector-linked line of finance facilities to KAF under the Ministry’s subsidy program to farmers in Kazakhstan.

Additionally, Leveraging on ICD’s recent and first successful credit enhancement transaction with the African Solidarity Fund (FSA) in Mauritania in partnership with Banque Mauritanienne de l’Investissement (BMI),  the ICD signed a strategic Expression of Intent Letter with FSA as a demonstration of their intent to upscale their partnership in the use of FSA’s guarantees as credit enhancement for ICD’s line of financing operations in selected common member countries of the Parties.

Finally, the ICD also signed a Strategic MOU with the Texel Group of the UK to establish a platform of cooperation on credit portfolio enhancement through insurance. Through this MOU, the parties are aiming to combine ICD’s origination and development financing capabilities with Texel Group’s structuring and placement expertise in the use of Non-Payment Insurance to enhance risk management, optimize capital allocation, and mobilize additional financing into priority sectors, while enabling ICD to up-scale its financing activities and efficiently manage portfolio concentration and credit exposure in its member countries.

All these signed agreements represent a major step forward in ICD’s efforts to promote sustainable economic growth and financial inclusion across its member countries. By strengthening partnerships with key financial institutions and development partners, ICD continues to play a vital role in supporting private sector growth and development in its member countries.

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The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on the IsDBI website here.

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Held from 16 to 19 June under the theme “Regional Integration for Sustainable Prosperity,” the Annual Meetings provided a strategic platform for ICIEC to advance partnerships, support bankable projects, and reinforce its role in enabling trade and investment across its 51 Member States.

During the 14th IsDB Group Private Sector Forum (PSF), Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, participated as a speaker in the CEOs Session titled “Making Regional Integration Investable.” The session focused on how the IsDB Group can deliver integrated solutions by combining trade facilitation, investment structuring, and de-risking instruments to transform regional integration ambitions into scalable and bankable opportunities.

Following the CEOs Session, ICIEC hosted its High-Level Panel Discussion titled “De-Risking Trade & Investment for Regional Prosperity.” The session brought together around 300 participants, including senior Azerbaijani officials, business leaders, investors, development finance institutions, export credit agencies, insurers, and trade promotion organisations. The discussion highlighted Azerbaijan’s role as a strategic regional hub connecting Central Asia, the South Caucasus, Türkiye, Europe, and the wider OIC region. It also examined how Shariah-compliant risk management instruments can unlock cross-border capital, strengthen investor confidence, and support sustainable development across Member Countries.

The agreements signed during the PSF covered key areas including infrastructure, trade finance, export development, banking cooperation, and investment facilitation. They included support for strategic transactions in Nigeria, Türkiye, Uganda, and other Member Countries, alongside partnerships with financial institutions aimed at expanding access to Shariah-compliant risk mitigation and trade finance solutions.

Commenting on ICIEC’s participation, Dr. Khalid Khalafalla said: “ICIEC’s achievements in Baku demonstrate the vital role of risk mitigation in turning regional integration ambitions into bankable opportunities. The agreements concluded during the Annual Meetings will support infrastructure delivery, trade flows, investment mobilisation, and private sector growth across our Member States. ICIEC remains committed to providing the confidence and protection needed to move strategic projects from concept to implementation.”

Throughout the Annual Meetings, ICIEC held more than 80 B2B and B2G meetings with stakeholders from over 60 countries, strengthening engagement with governments, financial institutions, investors, exporters, and private sector leaders.

The ICIEC Awards recognised outstanding institutions and initiatives for their contributions to trade, investment, and sustainable development. This year, ICIEC honoured First Abu Dhabi Bank, Standard Chartered Bank, and Agrobank for landmark infrastructure and trade finance transactions that reflect the impact of effective partnerships and risk mitigation.

On the occasion of the Annual Meetings, ICIEC also issued a Special Issue themed “Corridors of Opportunities: From Azerbaijan to Central Asia, Enabling Bankable Delivery Through Risk Mitigation.” The publication highlighted Azerbaijan’s growing role as a gateway linking Central Asia, the South Caucasus, Türkiye, Europe, and the wider Islamic world. It featured perspectives on trade corridors, Islamic finance, export credit insurance, investment protection, and the role of risk mitigation in advancing sustainable growth.

ICIEC’s outcomes in Baku reaffirm its commitment to working with Member States, financial institutions, investors, and development partners to de-risk strategic projects, expand cross-border trade, and promote sustainable prosperity across the OIC region and beyond.

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The MoU was signed on the sidelines of the 20206 IsDB Group Annual Meetings, held from 16-19 June in Baku, Azerbaijan. The partnership seeks to leverage the complementary strengths of both organizations to promote excellence in Islamic finance education and professional development in Tanzania, while contributing to the broader objectives of sustainable and inclusive economic development beyond IsDB Member Countries.

As Tanzania is not an IsDB Member Country, the MoU allows the IsDBI and CIFCA to explore cooperation on a range of human capital programs that serve the Muslim community and contribute to the progress of the Tanzanian economy at large.

CIFCA plays an important role in accelerating financial inclusion and driving the development of Shariah-compliant financial systems across Tanzania. Endorsed by the Government of Tanzania as an Islamic finance advisory body, CIFCA collaborates with key entities like the Bank of Tanzania and the Capital Markets and Securities Authority. It facilitated the launch of landmark projects, including the checking and certification of major public Sukuk listings on the Dar es Salaam Stock Exchange. Furthermore, CIFCA also offers professional certifications and training programs to build local academic and professional capacity.

Speaking on the occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDB Institute, emphasized the importance of investing in talent and knowledge as key enablers of a vibrant Islamic finance ecosystem. He said, “Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance. Through this partnership, we look forward to working closely with CIFCA to promote knowledge, professional excellence, and innovation that can enhance the developmental impact of Islamic finance.”

Aref Mbarak Nahdi, Chairman of CIFCA, highlighted the significance of the collaboration in fostering globally recognized professional standards and competencies within the industry. “This partnership reflects our shared commitment to nurturing future leaders and practitioners who can contribute meaningfully to the continued advancement of Islamic finance and its role in addressing contemporary economic and social challenges,” he noted.

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance.

As Islamic finance continues to expand across diverse markets, the partnership is expected to contribute to the development of skilled professionals, enhanced institutional capacity, and greater knowledge exchange that will ultimately strengthen the industry’s ability to serve society and promote sustainable prosperity.

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