Altium Expands Its Investment in Electronics Development and Education in India

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Altium’s investment and expansion in India will contribute to the country’s growing electronics industry.

Bengaluru, India May 21, 2024 – Altium, a global leader in electronics design systems, is expanding its presence in Bangalore, India, including a significant investment in additional technical and sales personnel in a newly opened premium office space in the heart of the city. This investment and expansion in India directly supports the country’s Make in India initiative and will help give India a greater presence and impact on the world electronics market.

“Altium is fully committed to helping establish India at the center of the electronics industry. Establishing a dedicated team covering all aspects of customer engagement from Pre-Sales to Sales & Marketing and Customer Support will allow Altium to better address local market needs in India. This is an important step forward for Altium as it continues to grow and expand its direct reach into new markets.” – Pelle Chiari, General Manager & Head of Sales – India

India’s electronics sector is anticipated to become a $300 Bn industry by 2026. Altium’s investment will strengthen its relationship with the country’s electronics industry with solutions that support innovation, speed production, and reduce costs. The expanded physical presence will also allow Altium to work closely with its growing customer base in India and help the industry adopt practices that will let them work more efficiently and sustainably while accelerating innovation cycles. To support this and to ensure optimal performance for customers in India while complying with local data protection regulations, Altium is planning to have its Altium 365 cloud platform hosted in the region in the second half of 2024.

In addition to its digital and physical presence in the region, Altium is supporting the industry’s long-term growth by investing in and educating the next generation of India’s electronics engineers. Altium will leverage its Altium Education programs which include the Altium Educator Center, the Altium Student Lab, and the Altium Women’s Scholarship Program. With the goal of building a professionally trained workforce of electronic designers who are industry-ready for jobs in the India market, these programs provide educators and students with professional Altium software, curriculum, and training at no charge.

“Our investment in India is an essential part of our global and industry-wide growth strategy.
Altium is fully supporting the Make in India program. And with Bangalore the center of electronics innovation in India, Altium is thrilled to expand its investment in electronics product development and the education of India’s next generation of electronics innovators.” – Gérard Métrailler, SVP & General Manager, Software.

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Varthana Secures 3 Million Euros (INR 27 Crores) Funding from Triodos Investment Management

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Bengaluru, 20, May 2024: Varthana, a leading Non-Banking Finance Company (NBFC) in the affordable education sector, has successfully secured 3 million Euros (INR 27 crores) funding from Triodos Investment Management through Non-Convertible Debentures (NCD). This funding marks a significant milestone in Varthana’s mission to empower the education sector in India.
Netherlands-based Triodos Investment Management, known for its commitment to sustainable and impactful investments, recognizes Varthana’s dedication to providing accessible financing solutions to educational institutions across India. The funding – provided through Triodos Fair Share Fund – will enable Varthana to further expand its reach and support more schools and students in upgrading their infrastructure, facilities, and educational foundation.

Commenting on this round of funding, Mr. Steve Hardgrave, Co-Founder and CEO of Varthana, stated, “We are thrilled to have Triodos Investment Management on board as a partner in our journey to transform education financing in India. The funding provided to Varthana reflects a shared vision of driving positive social impact and the importance of innovative financing solutions in addressing the challenges faced by the education sector. This investment reaffirms our commitment to making quality education accessible to all and will fuel our efforts to empower more educational institutions across the country.”
Varthana has been at the forefront of revolutionizing the education financing landscape in India since its inception. It has played a crucial role by financing more than 11,000 affordable private schools and facilitating over 16,500 loans for school expansion and renovation. With a presence in 16 states/union territories and 40 branches, Varthana also extends its services to Tier III and Tier IV cities, significantly contributing to fostering accessible education in India.

Dorian Marquer, Head of Corporate Debt Asia/ECCA Triodos Investment Management, stated: “We are very pleased to add Varthana to our financial inclusion portfolio. This investment shows that financial inclusion also plays a role in addressing other pressing issues, such as access to affordable quality education, which is seen as a key pillar to alleviate poverty. Education is an empowering force in the world and Varthana plays a very important role to equip children across India with the qualities and skills to shape and build their future.”

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HCLTech Grant India 10th edition launched; NGOs invited to apply

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BANGALORE, India, May 20, 2024:HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, has launched the 10th edition of HCLTech Grant India to provide a platform for NGOs to unleash their potential and create sustainable change in communities.

The 10th edition of HCLTech Grant India provides funding of ₹16.5 Crore (~$2.2 million) to nine NGOs, selected by an esteemed jury. The grant will be provided to pioneering projects in sustainable rural development across the themes of environment, health and education. The last date for submitting applications on hclfoundation.org/hcltech-grant is June 25, 2024.

“HCLTech Grant signifies our commitment to supporting grassroots organizations and empowering them to make a real difference in the lives of people across India. We look forward to reviewing the innovative projects by NGOs across India and supporting impactful initiatives through HCLTech Grant,” said Nidhi Pundhir, Vice President, Global CSR, HCLTech & Director, HCLFoundation.

So far, ₹146.95 crore (~$18 million) has been committed by HCLFoundation through HCLTech Grant. In the 9th edition of the grant, The Corbett Foundation (covering 16 villages in one district of Gujarat), Sangath (covering 4,060 villages in three districts of Madhya Pradesh) and Makkala Jagriti (covering 451 villages in one district of Karnataka) received ₹5 crore (appx. $609,000) each for their projects of four-year duration in environment, health and education, respectively.

Each year, HCLFoundation publishes The Fifth Estate – The HCLTech Grant Compendium, a comprehensive, photo-documented assessment of 30 shortlisted NGOs, highlighting the best practices in the areas of Environment, Health and Education. The selection of awardee NGOs is done through a rigorous seven-step screening process that involves reviewing applications and proposals, field audits and due diligence.

To learn more visit http://www.hclfoundation.org

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Dr. Agarwals Eye Hospital Supports Nutritional Well-being of Children with Vehicle Donation to Akshaya Patra Foundation in Hubli

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Hubli, 17th May 2024: In a significant move to support child nutrition through effective logistical contributions, Dr. Agarwals Eye Hospital as part of their Corporate Social Responsibility has donated a food delivery van to The Akshaya Patra Foundation in Hubli. The newly donated vehicle shall assist in the delivery of meals by facilitating the distribution of approximately 6,000 daily meals across 28 schools within Hubli. This contribution underscores the hospital’s commitment to community welfare and aligns with Akshaya Patra’s mission to eliminate classroom hunger.

Dr. Srikrishna Nadagouda, Head – Clinical Services at Dr. Agarwals Eye Hospital said “We are proud to be a part of this initiative, as it reflects its commitment to promote not just eye health but also holistic well-being within communities. We are dedicated in making a meaningful impact on the lives of young minds, while contributing to their physical and cognitive growth.”

Mr. Rajiv Lochan Dasa. Unit President – The Akshaya Patra Foundation – Hubli of Spokespersons from Akshaya Patra], expressed his gratitude, stating, “This thoughtful donation from Dr. Agarwals Eye Hospital significantly reinforces our efforts to reach more children with hot and nutritious meals. It is a remarkable example of how the collaboration between different sectors can lead to societal betterment. We are deeply thankful for this partnership that enhances our logistical capabilities, ensuring that every meal we serve is a step towards healthier futures for our children.”

The vehicle is equipped with advanced features to maintain the temperature and freshness of the meals, ensuring that they are delivered in optimal condition. It is also steam-sterilised before loading, reflecting the foundation’s commitment to high hygiene standards.

Presently, in the Hubli-Dharwad district alone, the foundation provides over 120,000 meals to students in 800 government and government-aided schools each school day. The Akshaya Patra Foundation is operating the world’s largest NGO-led school meal program, nourishing over 2 million children across 72 locations in 16 States & 2 Union Territories, every day across India.

This partnership exemplifies the power of collective effort and dedication towards the common goal of improving the health and education of India’s future generations.

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ಶ್ರೀ ರಾಘವೇಂದ್ರ ಸ್ವಾಮಿಗಳ ಬೃಂದಾವನಕ್ಕೆ “ಮಾವಿನ ಹಣ್ಣಿನ ಅಭಿಷೇಕ”

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ಜಯನಗರ ಐದನೇ ಬಡಾವಣೆಯಲ್ಲಿರುವ ನಂಜನಗೂಡು ಶ್ರೀ ರಾಘವೇಂದ್ರ ಸ್ವಾಮಿಗಳ ಮಠದಲ್ಲಿ ಪರಮಪೂಜ್ಯ ಶ್ರೀ 1008 ಶ್ರೀ ಸುಬುಧೇಂದ್ರತೀರ್ಥ ಶ್ರೀಪಾದಂಗಳವರ ಆದೇಶಾನುಸಾರ ಶ್ರೀ ಮಠದ ಹಿರಿಯ ವ್ಯವಸ್ಥಾಪಕರಾದ ಆರ್ ಕೆ ವಾದೀಂದ್ರಾಚಾರ್ ಅವರ ನೇತೃತ್ವದಲ್ಲಿ  ಶ್ರೀ ಗುರು ರಾಘವೇಂದ್ರ ಸ್ವಾಮಿಗಳಿಗೆ ಭಕ್ತರು ಸಮರ್ಪಿಸಿದ ಮಾವಿನ ಹಣ್ಣಿನಿಂದ ಅಭಿಷೇಕವನ್ನು ಮಾಡಲಾಯಿತು ಎಂದು ಶ್ರೀ ನಂದಕಿಶೋರ ಆಚಾರ್ಯರು  ತಿಳಿಸಿದರು, ಈ ಅಭಿಷೇಕದ ಪ್ರಸಾದವನ್ನು ಭಕ್ತ ಜನರಿಗೂ ವಿತರಿಸಲಾಯಿತು ಭಕ್ತರು ಪ್ರಸಾದವನ್ನು ಸ್ವೀಕರಿಸಿ ಶ್ರೀ ರಾಘವೇಂದ್ರ ಸ್ವಾಮಿಗಳ ಅನುಗ್ರಹಕ್ಕೆ ಪಾತ್ರರಾದರು.

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