Delivering the opening address and highlighting India’s commitment to cleaner and sustainable fuel alternatives, Prashant K Banerjee, Executive Director, SIAM, said, “Today’s initiative reflects the commitment to further Gas-based mobility in India. Globally, we are the largest Gas-fuel utilizing country in the mobility sector, and we are not stopping there. Industry is committed to CNG adoption. India started adopting CNG for cars, and gradually, we became the biggest gas-based bus and three-wheeler fleet operating nation. Last year’s launch of the world’s first 2W CNG vehicle marks another milestone in India’s CNG journey.”

Dr. Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries, Government of India, underlined, “India’s USD 240 billion auto industry is pivotal to achieving carbon neutrality by 2047 and advancing Viksit Bharat through reduced fossil fuel dependence. Gas-based mobility, supported by the PLI scheme with three CNG vehicle components and 11 of 103 components for gas powertrains, is a key driver for the same. Localisation of these components and technologies will strengthen efforts towards Atmanirbhar Bharat while positioning gas mobility as a critical factor in our sustainable and self-reliant future.”

Sudeep Jain, Additional Secretary, Ministry of New and Renewable Energy, Government of India, said, “The agriculture sector generates 228 MMT of agri waste, contributing to poor air quality with health costs estimated at USD 35 billion. Converting just 10% of our oil imports to CBG could have a transformative impact. With only 200 CBG plants in India, demand creation is critical, and Indian auto OEMs can lead by building a global hub for green automobiles. CNG infrastructure upgrades will pave the way for CBG adoption, enabling farmers to convert agricultural waste into energy, reducing stubble burning, and positioning India to capture the global market.”

Rahul Bharti, Senior Executive Director, Maruti Suzuki India Ltd., said, “The transport sector is pivotal to India’s energy transition. The government’s continuous support has achieved the target of installing nearly 10,000 CNG stations by 2025. A domestic gas pricing mechanism has created employment for 3 lakh people. Compressed Biogas (CBG) transforms rural infrastructure, benefiting farmers, pollution control, and the economy. LNG’s role in sustainable mobility is promising with enhanced distribution infrastructure. India leads in CNG two-wheelers, with OEMs driving innovation, improving fuel efficiency from 26 km/kg to 34 km/kg, and dedicating more R&D for consumer-friendly solutions.”

Dr. Sujit Kumar Bajpayee, Member, Commission for Air Quality Management (CAQM), highlighted, “Delhi NCR, with PM10 emission averaging over 200 last year, faces multisectoral pollution. The CAQM is working in mission mode, phasing out end-of-life vehicles, redeveloping 68 roads in Delhi NCR to control dust, and reducing stubble burning by 86% in Punjab and 66% in Haryana. Transitioning to CNG, CBG, and LNG is a necessity, not a choice. Bio-CNG’s decentralisation potential can turn pollution into power.”

Dr. Anil Kumar Jain, Chairperson, PNGRB, delivered the keynote address by stating,“The energy transition in India’s transport sector is well underway, with decarbonisation playing a pivotal role. With the manufacturing sector contributing heavily, the gas sector is utilising existing infrastructure to drive this shift. The strong growth in CNG adoption as a transition fuel is a success story we must continue to advance, ensuring gas-based mobility supports India’s sustainable future.”

D Balakrishnan, Co-Chair, SIAM Gas-Based Mobility Group and Vice President (PD), Ashok Leyland Ltd., delivered the closing remarks for the inaugural session.

The thematic session, themed “Accelerating Future Growth and Promoting Gas-Based Mobility”, chaired by Ved Prakash Mishra, Joint Secretary, Ministry of Environment, Forest & Climate Change, Government of India, highlighted, “SIAM is consistently supporting the Government in sustainable initiatives and gas-based mobility. Until the transition to EVs takes place, gas will continue to play an important role. The use of gas can help reduce pollution and CO₂ emissions. Over the last 10 years, significant positive changes have been observed in Delhi with the increased adoption of CNG. We aim to reduce pollution and achieve a cleaner future by strengthening collaboration to facilitate gas-based mobility.”

The session featured insights from Dr. Mukesh Sharma, Professor, IIT Kanpur, who noted, “Air pollution, high oil dependency, greenhouse gas emissions, and fuel cost volatility pose significant challenges to India’s mobility. IIT Kanpur’s source apportionment and action plans for 18 non-attainment cities, including Delhi, Agra, and Jaipur, are critical for targeted interventions. Transitioning from BS-IV to CNG vehicles has achieved up to 90-95% PM reduction, highlighting the transformative potential of gas-based mobility in improving air quality and sustainability.”

Dr. Gaurav Mishra, Scientist-F, Ministry of New & Renewable Energy, said, “With India’s renewable energy capacity at 219.2 GW, bioenergy accounts for 11.5%, with a biopower potential of 42 GW from surplus agricultural residue and bagasse. Promoting bioenergy and waste-to-energy technologies, such as CBG, enhances energy security, reduces fossil fuel dependency, and mitigates environmental impacts.”

The session also included presentations by Subhash Kumar, Director General, Association of CGD Entities (ACE) on “Expanding City Gas Distribution Networks: Enhancing Urban Mobility and Sustainability”; Ashu Shinghal, Managing Director, Mahanagar Gas Ltd. on “Challenges & Opportunities in Gas Based Mobility”, and Milind J Pagare, Vice President (R&D), Bajaj Auto Ltd. on “Emerging New Automobile Technologies of 2025 and Beyond: 2wheeler & 3-Wheeler perspective”.The session was moderated by Payal Goel, Director, Deloitte Touche Tohmatsu India LLP.

The panel discussion on the topic, “Fuelling the Shift: CBG & LNG for Today’s Mobility and Beyond”, was moderated by Gurpreet Singh Chugh, Managing Director, ICF.

The discussion featured insights by Venugopal Mothkoor, Senior Specialist, NITI Aayog, who said, “NITI Aayog’s roadmap to net zero by 2070 addresses India’s growing transport demands as a developing economy. LNG and electric trucking will play significant roles, with LNG remaining critical while EV charging infrastructure develops. CBG, like ethanol with its successful 20% blending from rural raw materials, requires bridging CAPEX infrastructure costs to scale up, fostering sustainable mobility and rural prosperity.”

Other esteemed panelists included Rajesh Khanna, Co-Chair, SIAM Gas-Based Mobility Group & Sr. General Manager (PD), Tata Motors; Goutom Chakraborty, CEO, GAIL Gas Ltd.; Kamal Kishore Chatiwal, Managing Director, Indraprastha Gas Ltd. (IGL); Rajinder S Sachdeva, Deputy CEO & Chief Transformation Officer, VE Commercial Vehicles; and Sunit Verma, Expert Advisor, PNGRB, who shed light on the gas-based economy in the transportation sector in India.

Ashish Chutani, Chairman, SIAM Gas-Based Mobility Group and Head – Government & Policy Affairs, Maruti Suzuki India Ltd., delivered the closing remarks and vote of thanks.

The conference highlighted SIAM and PNGRB’s commitment to operating gas-based mobility as a cornerstone of India’s sustainable transportation ecosystem, supporting the nation’s vision of carbon neutrality by 2070 and the Viksit Bharat by 2047.

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Bharat Bhoomi Fund marks a thoughtful expansion of The Wealth Company’s investment canvas, rooted in the same value-driven philosophy that defines the rest of its approach. Building on the strong foundation and credibility of the Bharat Value Fund series, trusted and backed by quality investors such as Sovereign Fund of Funds and prominent Family Offices, this fund provides a natural way to broaden exposure to real assets. Offering visibility and collateral backing, real estate forms a resilient foundation alongside equity and private market investments, demonstrating lasting value across market cycles.

For The Wealth Company, real estate is not a new direction; it’s a natural progression aligned with the need to diversify portfolios. The asset class aligns perfectly with the focus on tangible value, risk-managed returns, and disciplined capital deployment. The Fund is built to bridge the gap between developer mindset and investor expectations, applying hallmark underwriting and governance frameworks to a physical asset class, supported by expert operators and executional control.

The Fund will follow a diversified capital allocation strategy—investing in data centers, warehousing, hospitality, and renewable parks, sectors aligned with India’s evolving infrastructure, digital transformation, and sustainability priorities. Investor demand for these new economic assets is growing, driven by the country’s digital and green energy transitions. These segments go beyond traditional real estate—they represent economic infrastructure, reflecting the fund’s strategic focus. Alongside this, investments will target mid-to-premium residential, retail, plotted villas, and mixed-use developments across high-growth cities such as Mumbai (MMR), NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund will also focus on infrastructure-led corridors and plotted developments benefiting from upcoming connectivity and urban expansion.

The Fund is led by Rakesh Kumar, whose experience spans over 50,000 real estate transactions and senior leadership roles at Shell, Walmart, and Reliance, along with Bhavya Bagrecha, who has executed over ₹2,500 crore in institutional real estate investments and introduced India’s first REIT-style structure under SEBI’s VCF regulations. The team is further strengthened by Peter Sharp, former head of Walmart’s Asia real estate operations, who joins as an advisor with over 35 years of global experience.

The Fund’s approach is designed to identify projects with clear land titles, regulatory readiness, and early exit visibility. It will target ready-to-launch assets that can move swiftly from investment to value creation. With a robust pipeline of approximately 1200 acres across six projects, Bharat Bhoomi Fund is well-positioned to deploy capital with speed, prudence, and precision.

Madhu Lunawat, Founder and Director of The Wealth Company Asset Management, stated, “As capital becomes more thoughtful, the demand for real assets with real outcomes has never been higher. Bharat Bhoomi Fund allows meeting that demand with discipline, data, and domain expertise. The Wealth Company’s investment ethos is now extending confidently into India’s real estate space—with conviction and clarity.”

As the Indian real estate market matures, Bharat Bhoomi Fund arrives with timing, leadership, and structure, opening the door to a new standard in real estate investing.

The post The Wealth Company Unveils ₹2000 Cr Bharat Bhoomi Fund to Unlock India’s Real Estate Potential appeared first on NRI News.

Hyundai’s vision extends well into the future. The world around, Hyundai Motor Company possesses comprehensive propulsion capabilities including ICE, CNG, Flex-Fuel, Hybrid, Electric, and Hydrogen, making it a global force in futuristic and advanced smart mobility solutions. In India, HMIL provides tailored solutions for diverse Indian consumers right from Petrol, Diesel, and CNG to Electric mobility.

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BHIM users can now contribute to their existing NPS accounts with ease, eliminating the need to remember complex details. Instead, users can make contributions using just their registered mobile number and minimal customer parameters, making retirement planning as easy as a few clicks. Contributions made through BHIM are fully processed and invested within one business day, ensuring timely investment.

Rahul Handa, Chief Business Officer, NBSL, said, “The addition of NPS contributions on BHIM marks a significant stride in making essential financial services more accessible to millions across India. By enabling NPS contributions directly on BHIM, we are fostering a culture of proactive retirement planning and long-term security for all. This initiative is a pivotal step towards a more resilient nation, showing our commitment to financial inclusion and the evolution of BHIM as a comprehensive financial platform.”

Commenting on the launch, Noopur Chaturvedi, CEO, of NPCI Bharat BillPay Limited (NBBL), said, “We are delighted to have BHIM, now available for NPS investments powered by Bharat Connect. This enables BHIM users to effortlessly contribute to their NPS accounts directly through the app. Our goal is to enhance financial accessibility and inclusivity for all citizens across India, and this initiative is a testament to that commitment.”

The NPS has experienced significant growth, with more than 38.25 lakh retail accounts as of September 2024. This new feature is expected to further drive NPS adoption, helping individuals build a reliable income stream for their post-retirement years.

Here’s how users can avail this feature on the BHIM app:

• Click on ‘View All’ under the ‘Recharges and Pay Bills’ section on your BHIM app home screen
• Click on ‘NPS’ under the ‘Other Categories’ section and enter the following details:
  • Permanent Retirement Account Number (PRAN) or 10-digit mobile number
  • Date of Birth
  • Tier
  • Contribution Amount
• Tick the checkbox to agree to the Terms and Conditions and tap ‘Get Bill Details’
• Tap on ‘Bill Info’ to review details of NPS investment and the amount of breakup
• Select your preferred payment mode, hit/tap ‘Pay’, and complete the payment

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In response to this honor, Vice Chancellor Dr. S. V. Kota Reddy stated, “We are immensely proud to receive the Bharat Blockchain Academic Excellence Award. This achievement underscores our commitment to advancing blockchain education and research. I want to thank our dedicated faculty, staff, and students who made this recognition possible. We look forward to continuing our journey in pioneering innovative solutions that benefit society.” The award was presented during the Grand Finale event on 24th October in New Delhi. This accolade celebrates our accomplishments and motivates us to further our efforts in blockchain technology.

In the finale, VIT-AP University also was presented with a land parcel allocation in Polyversity Metaverse. Dr. S. V. Kota Reddy received the official allocation document for a dedicated land parcel to VIT-AP within the Polyversity Metaverse. This significant milestone enables VIT-AP University to establish a virtual campus, offering students a uniquely immersive learning experience and facilitating seamless virtual interaction with peers across geographies. The allocation of this virtual land is a part of the collaborative efforts led by Information Data Systems (IDS), which has set up a Blockchain Centre of Excellence under the Bharat Blockchain University-Industry Cluster. VIT-AP’s virtual campus will enable students to explore digital learning spaces and engage with cutting-edge tools and resources through the metaverse as part of its mission to foster innovative blockchain education.

Dr. S. V. Kota Reddy thanked Mr. Voruganti Aravind, Global Vice President—of Blockchain, and Sunil Subrahmanyam Y, Business Strategy & Partnerships, IDS, for establishing the Centre of Excellence in Blockchain at VIT—AP University.

Dr. Prabha Selvaraj, Professor in the School of Computer Science and Engineering was present for the event.

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MUMBAI: The Reserve Bank of India (RBI) Deputy Governor Shri T. Rabi Sankar today announced the launch of product offerings aimed at transforming the ATM infrastructure in the country. Unveiled in association with the National Payments Corporation of India (NPCI) at the Global Fintech Fest (GFF) 2024, the initiatives include UPI Interoperable Cash Deposit (UPI-ICD) and banks showcasing Digital Banking Units (DBUs).

The introduction of UPI ICD allows customers to deposit cash at ATMs operated by banks and white-label ATM operators (WLAOs) using UPI to their bank account or any other bank account without the need for a physical card. These ATMs are cash recycler machines that are used for both cash deposits and withdrawals. Leveraging their mobile numbers linked to UPI, virtual payment addresses (VPA), and account IFSCs, customers can now make cash deposits, making the process more seamless, inclusive, and accessible. Consumers will be able to access these features as the banks gradually roll them out.

ATMs with open architecture can host bank apps positioning them as DBUs offering cash deposits, withdrawals, and other banking services such as opening bank accounts, applying for credit cards, initiating fixed deposits, applying for safe deposit lockers, etc.

Additionally, today at the GFF 2024, Shri Vivek Deep, Executive Director, RBI announced the rebranding of the Bharat Bill Payment System (BBPS) to Bharat Connect. This is an important step to refresh and strengthen the BBPS brand. Bharat Connect embodies NPCI Bharat BillPay Limited’s (NBBL’s) values and vision for stakeholders and customers, going beyond a bill payment system to create an ecosystem that connects individuals and businesses, through an integrated platform.

The launches took place in the presence of Shri Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director, NPCI.

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MUMBAI: NPCI Bharat BillPay Ltd. (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), has onboarded Disney+ Hotstar as a biller on its Bharat Bill Payment System (BBPS) platform under the ‘Subscription’ category. This association will provide the OTT’s existing users, as well as new users, with a seamless subscription purchasing experience.

Bharat BillPay’s one-stop solution for subscription management will enable audiences to enjoy content from Disney+ Hotstar’s extensive catalogue comprising Indian, international and sports content, therefore fostering hassle-free engagement and loyalty. Users can simply choose from a variety of annual subscription plans, including the ‘Mobile plan’, the ‘Super plan’, and the ‘Premium plan’, all available for purchase through any BBPS-enabled banking and fintech apps.

Speaking on the development, Noopur Chaturvedi, Chief Executive Officer, NPCI Bharat BillPay Ltd., said, “We are excited to announce the addition of Disney+ Hotstar as a new biller on the BBPS platform. This move not only streamlines the subscription process for viewers but also enhances the value proposition of banking and fintech apps. With the continued expansion of the Bharat BillPay ecosystem, we’re taking a significant stride in empowering consumers nationwide with a comprehensive solution for all their bill payment needs.”

Piyush Kothari, Head – of Growth, Partnerships, and International Expansion, at Disney+ Hotstar, said: “At Disney+ Hotstar, we are committed to making premium content easily accessible to our users across India. Our collaboration with Bharat BillPay reinforces this commitment by providing users with a convenient avenue to subscribe to Disney+ Hotstar through their preferred payment apps.”

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PUNE: The Confederation of Real Estate Developers’ Association of India (CREDAI) today released a report on Indian Real Estate’s contribution towards Viksit Bharat at its annual conference YouthCon organized by CREDAI’s Youth Wing – a leading industry platform designed to bring together the next generation of real estate developers to cultivate and mentor them, fostering growth into proficient professionals, principled entrepreneurs, and authentic leaders within the real estate sector.

Shri Hardeep Singh Puri, Hon’ble Minister for Housing and Urban Affairs & Petroleum and Natural Gas, Government of India, inaugurated the two-day conference alongside the CREDAI leadership team. The two-day conference featured various sessions aimed at helping delegates prepare for the future of real estate.

During the event, CREDAI released a report “Building Viksit Bharat”-Transformative role of the real estate sector in India. According to CREDAI, Indian Real Estate is bound to have a significant impact on the Indian economy – with the sector projected to reach $1.3 Trillion (13.8% of Projected GDP) by FY 2034 and $5.17 Trillion (17.5% of Projected GDP) by 2047.

CREDAI, in its report, also outlined pertinent industry trends and insights that are bound to provide a holistic view of the sector’s growth, while also giving direction to the industry as a whole:

• The current market size of Indian Real Estate stands at 24 lac crores, split between Residential and Commercial in the ratio of 80% and 20% respectively.
• Among the residential segment, 61% of the current supply is above the cost of Rs 45 lacs. The average home area is also increasing at 11% on an annual basis.
• Over 28 crore Indian citizens want to buy a house, among the 40-crore population that is yet to own a house in the country. CREDAI also projects that there will be a 7-crore additional housing demand by 2030.
• Reflecting the aspirational growth of Indian Homebuyers, over 87.4% of housing demand by 2030 is expected to be of houses costing more than 45 lacs.

With the above findings, CREDAI re-emphasized the significance of Indian Real Estate to the overall growth of the economy and some of the most important macroeconomic indicators including Employment, Revenues for Government and Banking eco-system, and increasing Per Capita Income. Coupled with the cascading impact of the sector that supports over 250+ industries directly and indirectly, CREDAI’s projections provide a definitive course of action and visibility on the sector’s contribution to the country’s development in its mission to become Viksit Bharat.

CREDAI President Boman R Irani shares his thoughts “Indian Real Estate today stands at an extremely important junction amidst India’s journey to become a developed economy by 2047. Due to its strong multiplier effect coupled with robust real estate demand – for both housing and commercial – the sector is bound to play a critical role in multiplying GDP value and increasing revenues, and per capita incomes that will aid further growth as a part of a self-sustaining cycle due to ever-increasing consumption. As India’s leading real estate body, we look forward to working closely with all stakeholders involved to ensure a seamless path towards achieving our collective mission of becoming a fully developed economy.”

CREDAI Chairman Manoj Gaur shares his remarks “As the premier body of Indian Real Estate, we feel extremely proud at what we’ve achieved as an industry – and are even more excited at the potential that this sector currently holds as the primary economic engine of this country. To achieve Viksit Bharat, Real Estate is going to be at the nucleus of growth which is also validated by the recent sheer volume that has coincided with strong QoQ GDP numbers. Moving forward – real estate again is going to play a pivotal role as India strives to multiply its economy.”

CREDAI President Elect Shekhar G Patel says “Currently, India is witnessing significant GDP growth despite global headwinds which is a testament to our economic and sectoral resilience. The entire real estate industry is extremely excited to build on this strong platform and re-emphasizes the importance of a facilitating eco-system that supports all concerned stakeholders, for not just the sustained and sustainable growth of the industry but the entire economy. Through our findings, we have devised a roadmap of Indian Real Estate’s contribution towards Viksit Bharat as we jointly work towards achieving the feat.”

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PUNE: Kirloskar Institute of Management (KIM), Pune, in association with All India Council of Technical Education (AICTE) and MoE (Ministry of Education), Govt of India hosted a stimulating development dialogue on “Inclusive and Sustainable Amrit Kaal 2047: Technology, Society, and People at the Forefront” on February 29, 2024. Students, faculty members, and staff of KIM participated in the event and made the event a grand success.

Esteemed speaker Mr. Pushpendra Singh, Executive Coach, and Management Consultant nominated by AICTE delivered a captivating talk, emphasizing technology as a driver, discussing growth challenges, and highlighting favorable conditions for progress in India. He highlighted the importance of knowledge cultivation through curiosity, creativity, and critical thinking, along with continuous learning.

Mr. Pushpendra emphasized sustainable themes such as renewable energy, India’s geographical advantages, the importance of hydrogen in transportation, Electric Vehicles, waste management, the digital economy, opportunities for the young generation, greenhouse and sustainable environment, and the current technology enablers (AI, Machine Learning, IoT, Blockchain, etc.). After each theme, a true dialogue took place as faculty members and students exchanged their views with the speaker. This resulted in a solid understanding of the Amrit Kaal Vimarsh Viksit Bharat@2047.

Prof. (Dr.) T.G. Vijaya, Director of Kirloskar Institute of Management, felicitated Mr. Pushpendra Singh. During an inaugural speech, she emphasized the development journey of India, inclusive of growth and the necessity of societal development. Dr. Ashok Patil, Associate Professor extended a vote of thanks, Dr. Bidyananad Jha, Dean of Academics organized the whole event and Ms. Chandrika Rath, student of the class of 25, acted as Master of the Ceremony (MOC) for the event.

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NAGPUR: The Honourable Minister of Road Transport and Highways of India, Shri Nitin Gadkari Ji inaugurated India’s first Shashwat Bharat Setu – Winning Net Zero exhibit developed by The Eco Factory Foundation (TEFF), in Nagpur on Sunday. This Centre provides a cutting-edge experience dedicated to showcasing sustainable lifestyles, solutions, and practices from people to the planet that can lead to Net Zero India.

Anand Chordia, the founder of The Eco Factory Foundation, explained various concepts like the ‘waste to wealth, water management, energy conservation, and how to reduce your carbon footprint, the importance of the circular economy, achieving sustainability in rural, urban, industrial and individual sectors, and how to become Net Zero at large.

While addressing the gathering, Gadkari Ji congratulated and praised the unique initiative, stating, “Many congratulations to The Eco Factory Foundation for putting up such an exceptional exhibit. The Shashwat Bharat Setu has touched upon very crucial points that will revitalize our environment and in turn our planet. The Shashwat Bharat Setu exemplifies the concept of ‘waste to wealth,’ providing sustainable solutions that benefit the environment and create livelihood opportunities for communities.” He further expressed his hope that the center would inspire the nation to contribute to making India a Net Zero country.

Founder of TEFF, Anand Chordia, reflected on this historic moment, stating, “The development of Shashwat Bharat Setu – winning Net Zero Exhibit – was driven by our intention to create awareness and inspire everyone to adopt net zero and sustainable lifestyle with ease. I firmly believe that the Shashwat Bharat Setu is the true bridge that will guide India to achieve net zero. We hope that the center reaches and inspires many to join us on this journey towards a sustainable future.”

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