responsAbility teams up with Electronica Finance Ltd. to expand green lending activities in India
Introducing India’s first local currency green Masala Bonds issued by a private sector Non-Banking Finance Company
Pune, April 16, 2019 — A responsAbility-managed climate fund and Indian NBFC, Electronica Finance Limited (EFL) have entered into an agreement for issuance of green Masala Bonds. EFL issued Rupee-denominated senior secured bonds of USD equivalent 10 million. The funds are dedicated to expanding EFL’s energy-efficient machinery lending portfolio for SMEs operating in the carbon-intensive manufacturing sector.
EFL is a Pune-based financier serving SMEs across India in the manufacturing and service sectors. The funds will be utilized for financing equipments in the machine tools, plastic and printing & packaging industries. Loans for financing these machines dominate EFL’s USD 180 m gross loan portfolio.
India has committed to reduce the emissions intensity of its GDP by one third between 2005 and 2030. The Indian SME sector currently contributes 45% of the country’s total greenhouse gas emissions from the manufacturing industries and is widely suffering from obsolete technology and lack of funding. All of this results in considerable potential for greenhouse gas mitigation.
EFL is a vintage player in the green lending sector, having associated with Small Industries Development Bank of India (SIDBI) to originate loans to finance energy efficient machines since more than a decade. Through this Green Bond issuance advised by Deloitte, with the responsAbility-managed climate fund, the company seeks to further expand its technologically advanced, energy saving machine finance portfolio.
The partners have agreed on a multi-phase plan for both near-term and medium-term green lending development. EFL intends to leverage responsAbility’s ample international experience and the fund’s technical advisory support. It also plans to diversify its product offering and to expand into financing solar PV for the commercial and industrial markets. responsAbility expects to gain from the experience EFL has in financingmachines for SME borrowers for more than twodecades.
Ms. Shilpa Pophale, Managing Director EFL said: “We are pleased to team up with a successful international partner with proven expertise in driving green lending in emerging markets. By enabling Indian SMEs to improve their energy efficiency and processes we will further support them in making them competitive and our economy more sustainable and resilient.”
Speaking on behalf of responsibility,Mr. Jaskirat Chadha, Principal, Financial Institutions Debt for Asia-Pacific, explained: “Partnering with EFL, who is well established as a lender to the MSME segment to expand their energy efficiency lending portfolio, will allow us to integrate green lending into this sector to sustainably reduce CO2 emissions.”
About Electronica Finance Ltd
Electronica Finance Limited (EFL) is a Pune-based non-banking financial institution serving micro, small and medium enterprises in India’s SME manufacturing sector. EFL currently have ~USD 180 m AUM and is growing at a rapid pace with operations panning out in 45 branches in 14 cities covering industrial belts across India. EFL now caters to a large product portfolio including Business loans, Working Capital loans & Industrial Property loans in addition to it’s flagship product of Machinery loans. EFL aims to become the one stop shop for MSME customers financing needs.
About responsAbility Investments AG
A leading asset manager for impact investments in emerging economies, responsAbility manages USD 3 bn of assets through a variety of investment vehicles that provide private debt and private equity to some 540 companies with inclusive business models across 90 countries. Founded in 2003, the company is headquartered in Zurich, Switzerland, and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris.
From left to right – Mr. Sudeep Bhatia, Chief Finance Officer, Electronica Finance Ltd and Ms. Shilpa Pophale, Managing Director, Electronica Finance Ltd
Experience authentic Pan Asian flavors at the Palette, Westin Pune Koregaon Park
The Westin Pune Koregaon Park is known for delivering a fine dine experience to its guests and has won many hearts over the years. The hotel is hosting the international chef- Chef Ho Chi Ming who is going to whip up an extravagant Pan Asian cuisine at their newly launched restaurant Palette.
While Palette is known for its Asian cuisine, Chef Ho Chi Ming will share his experiences and give insights into the Pan Asian cuisine that will be served at the restaurant in the months of April and May. Chef Ho Chi Ming is a dynamic chef who has a rich experience in culinary operations in the hospitality industry. He has also curated some outstanding menus on different occasions to give his guests unforgettable dining experience. This time too, the chef has crafted a remarkable menu which will take every foodie out there on an exotic
Get ready to experience an authentic take on the Pan Asian cuisine as the Chef has created a menu full of robust flavors. Right from appetizers which will have dishes like the Crispy Fish Cilantro Sauce, Tofu Bird Eye Chili to South East Asian Grills which will have dishes like the Thai Style Grilled Corn Cakes, Thai Style Lamb Chop, and appetizing soups and sushi. The mains will have options from Wok tossed Asian greens, Crispy Red Snapper, Cantonese Steamed Fish and much more! While no meal is complete without some toothsome desserts, you can gorge on desserts like the Coconut Crème Brulee, Banana Toffee and
much more at this extravagant Pan Asian Spread.
Robust, smoky, and tantalizing flavors accompanied by a myriad of colorful, creative dishes – depiction of typical Asian food. Expect such a spread at the Westin Pune Koregaon Park as they celebrate the Pan Asian Cuisine through their newly launched restaurant Palette.
Date: Tuesday, April 16, 2019- Friday, May 31, 2019
Time: 7:00 pm- 11:30 pm
Venue: Palette, The Westin Pune Koregaon Park
Courtyard by Marriott Pune Chakan joins hands with Zilla Parishad School
‘Children are our future’, we are all aware of this, but this time the team at Courtyard by Marriott Pune Chakan has proved it by investing in an initiative for the betterment of young children. Recently Courtyard by Marriott Pune Chakan associated itself with the Zilla Parishad schools to put a smile on the faces of the children and uplift the students. The students who come from very humble backgrounds strive hard to excel in education and achieve great feats. Recognising this, Courtyard by Marriott Pune Chakan has associated with the Zilla Parishad schools to give back to the society by helping these determined students.
The initiative has been taken to come together and celebrate every child’s birthday at the hotel making them feel special by cutting a cake, serving juices and snacks made by the expert team of chefs.
The hotel is also volunteering to help the school children by providing them with basic necessities like old coloring books, clothes, footwear, ceiling fans etc. While we are all aware of the importance of educating these young ones, Courtyard by Marriott has taken a step forward by contributing to a brighter future of these children.
The children from the school are overwhelmed by the initiative and narrated stories, recited poems and showered their love on the Courtyard by Marriott Pune Chakan team.
Festivals are about embracing traditional customs and staying true to this, the luxury restaurants at Hyatt Pune, Baan Tao, Eighty Eight and Fish Bowl will be offering a special brunch highlighting traditional Easter dishes like Roast Chicken, Orange Glazed Baked Ham, Asparagus Cheese Tarts, Alpine Macaroni, Hot Cross Buns and much more!
.Come one! Come all! Enjoy the charming ambience and meticulously prepared dishes by the chef and his team. Don’t miss the egg creations, meat roasts, and the sinful sweet treats.
Experience a wide range of fun activities for the kids that will include decoration of bunnies and eggs, making of dream catchers, spin art for table place mats and egg hunt.
Guests can get immersed in the holy brunch with special package that will include swimming pool access with refreshing summer mocktails.
Where – Baan Tao, Eighty Eight and Fish Bowl
When – 12:30pm – 4pm
• Cross over Brunch INR 1650++
• Pool access with unlimited draught beer INR 2250++
• Brunch + unlimited IMFL INR 2800++
• Grills + Soft Beverages INR 799 ++
: A big brunch spread along with Easter goodies and treats is a staple of Easter Sunday. Cafe Blu at Radisson Blu Pune Hinjewadi has prepared an exquisite Easter brunch consisting of appetizers, mains, sweet treats, crafted mocktails and much more!
A scrumptious buffet along with six live counters is a spread sure to satisfy every bunny’s appetite at this Easter brunch! Live counters will also have an array of options to choose from. Right from Roast Turkey, to Shawarma, Asian wok, Chat Counter, and a Chocolate Fountain- an attraction for all chocoholics, this brunch is just the festive fix you’re looking for! A special live band performance for the adults along with fun activities such as face painting and balloon toy maker for your little ones is another attraction to watch out for!
Enjoy your Easter brunch in a relaxed atmosphere surrounded by your family and friends as you munch on a delicious, delectable spread at Cafe Blu, Radisson Blue Pune Hinjewadi!
Date: Sunday, April 21, 2019
Time: 12:30 pm- 4:00 pm
Venue: Cafe Blu, Radisson Blue Pune Hinjewadi
KUBOTA becomes the fastest growing Tractor Company in India
Achieves 35% growth in FY2018-19
India, Chennai– Kubota Agricultural Machinery IndiaPvt. Ltd.(KAI), the Indian subsidiary of Kubota Corporation, Japan has achieved a phenomenal 35% growth rate in India.
As per recent TMA data,(Tractor &Mechanization Association) Kubota has sold a total of 10877 units in the year 2018-19 viz a viz 8036 units in 2017-18achieving a growth rate of 35% and making itfastest growing tractor company in India in the Tractor Industry across all companies.
“India is a strategic market for us foreseeing continuous growth in the tractor industry. Achieving this growth rate has re-assured us that we are heading in the right direction. Kubota has earned its position of leadership in global markets due to our superior products and reliability of quality along with service, which is scaling our growth,” said Mr. Akira Kato (Managing Director, Kubota Agricultural Machinery IndiaPvt. Ltd.)
About Kubota Corporation, Japan:
Established in 1890, Kubota – taking full advantage of its forward-looking management policies and by incorporating unique R&D activities – has made constant efforts to remain on the leading-edge of development and innovation. As a result, it currently produces a wide variety of outstanding products ranging from agricultural equipment, engines, construction machinery, housing supplies, pipes, vending machines and various environmentally friendly processing facilities. Primarily in the area of agricultural machinery, it has earned global renown for quality and reliability that has made it a leading brand in North America, Europe, and Asia. In fact, Kubota exports tractors in more than 150 countries throughout the world.
Kubota Agricultural Machinery India Pvt.,Ltd
Kubota Agricultural Machinery India Pvt Ltd (KAI) is the Indian subsidiary of Kubota Corporation, Japan which started their operations in India in Dec 2008. KAI is expanding its network across the Indian territory touching farmers from each corner and introducing farm mechanization and deeply committed to the Indian markets for its development in the agricultural sector. In pure terms, it’s Japanese Technology helping Indian Farmers with full-fledged product range starting from, tractors, transplanters,combine harvesters and power tillers.Kubota Corporation offers a complete line of Tractor, Rice Transplanter, Harvester, Power Tiller, Combine and Industrial engines which is now added to KAI’s product portfolio.
-caption for Builders Association of India (BAI) Award Ceremony at Residency Club.
Mr Prakash Panjwani (State chairman, Builders Association of India, Maharashtra) presenting the Award to Dr D P Goel (Chairman, Winntus) for the best Scaffolding & Shuttering company recently.
Present at the occasion were over 200 members from the BAI amongst other guests and dignitaries at the Residency Club, Pune.
Raghav Sawant has been appointed as the Spa Manager at The Westin Pune Koregaon Park. With over 10 years of experience in the hospitality industry, he brings with him immense passion, energy, and expertise. He has a remarkably knowledgeable, with a great background in understanding new business opportunities developing the market and performing and managing the day-to-day activities of a Spa. His last assignment was with the Grand Hyatt Goa where he was in charge of the biggest spa in India.
Raghav holds a Postgraduate Cidesco Diploma (Worlds major international beauty therapy Organization Cidesco) and brings diverse experience of over 10 years in spa & wellness operations and has worked with renowned brands like the Grand Hyatt Goa, Hyatt Regency Mumbai, Grand Hyatt Mumbai, etc.
During the last 10 years, he has played a key role in consistently delivering results that contribute to the mission and overall success of the hotels by accomplishing performance objectives focused on business revenues, guest and associate satisfaction
In his current role, Raghav will lead and supervise the development of the spa along with wellness and recreation of operations. The Heavenly Spa by The Westin™ offers luxury Spa facilities with private treatment rooms and massage therapies that embrace the most effective style of massages to promote a sense of well-being and nurture the spirit.
The team at the Westin Pune Koregaon Park looks forward to working with Raghav as his dedication and passion will take the spa operations to an even higher level of service.
Get the taste of Punjab at food festival by Radisson Blu Pune Hinjawadi
Pune, April 2019: To celebrate the vibrant and rich culture of Punjab with a gastronomical expedition, Cafe Blu of Radisson Blu Pune Hinjawadi, is hosting a food festival over dinner. This festival will give foodies a chance to experience the fervour of the state and commences on 14th April.
The carefully crafted by the team of expert chefs, the menu comprising of Subz ki Sheak, Amritsari Bhuta, Tandoori Phol, Bhatti Yala Kukkad, Tawa Macchi, Hariyali Choza Kebab is sure to please every palette. These mouth watering eatables will be available at the live counters with the combination of a variety of Breads and Stuffed Kulchas.
Experience the vibrant charm of the state at Cafe Blu with its traditional colourful Punjabi decor. To keep guests entertained there will be a Desi truck as a photo booth for clicking pictures. The festival will be a culinary bonanza where guests can treat themselves to authentic Punjabi delicacies prepared by the team of expert chefs.
When: 14th to 21st April
Where: Cafe Blu, Radisson Blu Pune Hinjawadi
Buffett Pricing: Adults – Rs. 999 & Kids – Rs. 549