Press Release

GSSE 2023 commits to G20’s Vision for a Better World

Published

2 years ago

September 8, 2023

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As India strides confidently towards its ambitious goal of becoming a US$5 trillion economy with hosting of G20 the Stainless Steel Industry is set to play a pivotal role in this journey by uniting at GSSE 2023 in Mumbai. In an era where stainless steel embodies the essence of ‘Nation building’, it is this versatile metal that will act as a catalyst for achieving the nation’s economic aspirations. The government’s unwavering commitment to sustainable steel practices has emerged as a crucial enabler in the pursuit of India’s net-zero emissions target by 2070.

The stainless-steel industry, standing at the precipice of transformation, is poised to enhance its global presence and significance. At the Global Stainless-Steel Expo 2023 (GSSE 2023), scheduled to grace Mumbai from the 14th to the 16th of September, domestic stakeholders in the stainless steel sector will converge to deliberate on the means to elevate demand from the current 4 million tonnes, as of the end of FY 2022, to an ambitious 20 million tonnes by the year 2047. This gathering reflects the industry’s collective commitment to steer India’s economic growth, sustainability, and global leadership as it aligns with the G20 agenda to lead the world in a promising era of stainless-steel innovation and progress.

GSSE 2023 is set to be a global convergence of stainless steel prowess, with more than 150 industry-leading companies from both India and around the world confirming their participation. This impressive assembly of stainless steel experts and innovators is driven by a shared vision – the recognition that stainless steel stands as a linchpin in building a sustainable tomorrow. These forward-thinking companies are eager to come together, not just to exhibit their products and services but also to present sustainable business solutions tailored to the needs of various end-user industries.

The event promises to be a melting pot of stainless steel leaders, both from India and abroad, alongside government representatives who are keenly attuned to the industry’s potential. According to Anitha Raghunath, Director, Virgo Communications and Exhibitions, “Stainless Steel leaders, experts from India and abroad, along with the government will gather in the GSSE 2023 in Mumbai to explore business opportunities and measures to boost the consumption of stainless steel in India, adoption of IR 4.0 initiatives, investing in R&D, making India a global export hub, and aligning with the government’s vision of 2047.” This collaboration holds the potential to reshape the stainless steel industry’s trajectory and align it with India’s long-term aspirations and global leadership goals.

The GSSE 2023 event is set to attract overseas players eager to forge collaborations with Indian counterparts, driven by the aspiration to acquire technical expertise and develop high-quality products that can proudly bear the label ‘Made in India’ while replacing Chinese imports. This strategic move underscores the industry’s commitment to bolster India’s self-reliance and enhance its global stainless steel footprint.

In addition to the comprehensive expo, the event will feature a concurrent three-day conference comprising 12 knowledge-rich sessions, a CEO Round Table, industry and technical seminars, and a series of Business-to-Government (B2G) meetings. With national and international speakers on board, this conference is expected to draw an impressive crowd of over 10,000 attendees representing more than 500 organizations, as highlighted by Anitha Raghunath. This gathering of minds and expertise is poised to catalyze discussions, partnerships, and innovations that will further elevate the stainless steel industry’s growth trajectory in India.

Stainless steel, often referred to as the metal for nation-building, holds immense potential, and India stands as the second-largest consumer of stainless steel globally, boasting a Compound Annual Growth Rate (CAGR) of 8-9%, surpassing the global average CAGR of 5.8%. All the sessions at GSSE 2023 are strategically geared towards not only sustaining but accelerating this impressive growth rate and promoting greater stainless steel consumption within India, reinforcing its vital role in the nation’s progress.

Stainless steel is often also called the metal for nation-building owing to its infinite capabilities, and our nation is the second-largest consumer of stainless steel with CAGR of 8-9 % surpassing global average CAGR of 5.8% and all our sessions at the GSSE 2023 are aimed towards increasing the growth rate and consumption in India.

Some of the sessions during the three day event are `Emergence of Brand India for Stainless Steel, Enhancing Exports and Fostering Emerging Markets’, followed by `Transitioning towards Green Steel & Sustainability,’ on day 1. Sessions targeting day two will be `Future readying MSMEs under Atmanirbhar Bharat,’ followed by ` Fueling needs of Energy sector. Fossil (Oil & Gas) Renewables-Solar, Wind & Hydro,’ and important session on `Revolutionizing Industry 4.0-Role of Skill Development, Training & Education,` ending the day with `Fostering New-age Automobiles and Heavy Transport-EVs, Road Tankers, & Buses’. Day 3 at GSSE2023 will also see industry debating on `Transforming Railways & Metro network in India: Coaches, Wagons & Railway Station Re-development,’ and `Challenges and Opportunities in Nuclear, Defence and Aerospace sector,’ and session on `Enabling the Food Processing, Pharma, Brewery and Chemical industry,’ and many other interesting sessions to attend.

GSSE 2023 provides an essential platform for the stainless steel industry to come together and strategize on expanding into new sectors for stainless steel applications while simultaneously championing stainless steel as an eco-friendly and sustainable alternative said Anitha Raghunath, Director, Virgo Communications and Exhibitions. Participating companies are making substantial strides in replacing plastic products, including utensils and packaging solutions, to reduce their carbon footprints and contribute significantly to environmental protection.

The focal points of GSSE 2023 encompass a wide spectrum of stainless steel products, ranging from Flat & Long Products, Duplex, Bars, Rebars, Ingots, Pipes, Tubes, Sheets, Coils, Wires, Finished Goods, Flanges, Fittings, Fasteners, Heat Exchangers, Instrumentation, Machinery, Technology, and more. These products find extensive usage across diverse sectors such as architecture, building, and construction (ABC segment), automobiles, railways, transport (ART segment), and process industries.

Stainless steel’s moniker as the “metal for nation-building” rings true in the Indian context, given its limitless capabilities. India currently stands as the second-largest consumer of stainless steel globally, surpassing the global average growth rate with an impressive Compound Annual Growth Rate (CAGR) of 8-9% on the consumption front..

GSSE 2023 serves as a vital catalyst in further enhancing the usage of stainless steel, especially in India, which holds the distinction of being the world’s second-largest consumer of this remarkable metal. This platform offers an exclusive opportunity for manufacturers and suppliers of stainless steel products to connect with potential customers representing more than 200 product applications, both from India and around the world. GSSE 2023 has rapidly evolved into the largest dedicated stakeholder platform for the stainless steel industry, fostering collaboration, sourcing, and networking opportunities that benefit end-user industries across the globe.

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Press Release

New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average

Published

10 months ago

May 31, 2024

Newsvoir

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Based on a recent survey of urban Indian consumers:

Nine out of 10 consumers are searching for protein-rich food compared to seven out of 10 global shoppers.

The top four qualities consumers look for when buying snacks are (1) natural, (2) heart-healthy, (3) protein-rich and (4) energy-source, all of which come before satisfying cravings.

Nuts have emerged as one of the most popular snacking choices, with 86% of Indian shoppers report having purchased them in a span of 6 months.

Urban Indians read nutrition labels more than the global average, reflecting a growing trend towards informed purchasing.

69% of urban dwellers surveyed have the opinion that plant-based protein is just as good as meat-based protein, exceeding the global average of 55%.

Wonderful Pistachios, the world’s largest grower and processor of pistachios and distributor of California Pistachios in India, released today, World Nutrition Day, the findings of a new global study that sheds light on the snacking habits of urban Indians. The study, commissioned with Material, a leading global research consultancy, included 10 countries and over 12,400 respondents, revealed a new behavioural trend that urban Indian consumers prioritize nutrition over taste when it comes to snacking. This growing preference for healthy snacking emphasizes the importance of good nutrition for overall well-being.

For the India market specifically, the study delved into the snacking habits of 2,415 shoppers across six Indian cities, which represented a population of approximately 35.9 million consumers. Remarkably, a majority of urban Indians (58%) reported basing their food purchasing decisions on nutritional benefits more than taste, exceeding the global average of 52%. Delhi and Ahmedabad lead with over 60% of urban shoppers preferring nutrition in their food. Bengaluru and Chennai follow closely, indicating a nationwide shift towards smarter snacking preferences. In India, Millennials and Gen Z are leading the charge in health-conscious purchasing decisions, with more than 83% of consumers in these age groups reading nutritional labels before buying.

Indian consumers prioritize four key factors when shopping for nutritional snacks: natural (free of artificial colours and preservatives), heart-healthy, protein-rich, and provides energy. Nine out of 10 urban shoppers consciously seek protein-rich food options, compared to the global average of seven out of 10. The focus on nutrition has fueled the rise of nuts as a preferred snack choice, becoming essential to daily eating habits. The study found a staggering consumption of nuts, with 86% of Indian shoppers report purchasing them in a span of 6 months, compared to just 75% globally. With 6g of protein in per 28g serving, California Pistachios are a smart snack choice that provides benefits without sacrificing taste.

Shail Pancholi, Country Director, India, Wonderful Pistachios, commented on the study, saying, “Nuts were traditionally used as garnishes and consumed during festivals, but have now become a popular snack in India, indicating a notable shift in dietary habits. Pistachio consumption in India has doubled in the last six years, as consumer awareness of the nutritional benefits that pistachios offer has grown. Consumers are discovering that pistachios are naturally cholesterol-free, rich in plant-based protein and dietary fiber, and provide over 30 different vitamins and minerals.”

Interestingly, the study found that nuts are the second most preferred snack among urban Indian consumers, with 64% of Baby Boomers and 59% of Gen Z prioritizing nutrition over taste when selecting food. This indicates a growing focus on health across generations, with Baby Boomers focusing on senior wellness and Gen Z reflecting the rise of mindful purchasing. Though on opposite ends of the age spectrum, these two generations take the lead in seeking protein-rich options, as well as preferring natural snacks.

Mumbai tops most of the consideration sets when choosing a snack. Residents opt for natural ingredients (35% vs. the national average of 30%), heart-healthy options (33% vs. 30%), and protein (33% vs. 29%). Chennai residents look for energy-boosting snacks (31% vs. the national average of 29%).

The fact that 69% of urban Indians surveyed have the opinion that that plant-based protein is just as good as meat-based protein reflects a positive shift towards varied dietary preferences. Pistachios are a good source of high-quality complete protein, containing all nine essential amino acids. A 28g serving of pistachios provides 6g of protein, which is 11% of the recommended daily allowance (RDA) according to FSSAI.

The Wonderful Pistachios study unveils a compelling shift in Indian snacking habits. Nuts are evolving from festive treats to a daily snacking staple, fueled by a nationwide preference for more nutritious options. The trend transcends generations, resonating with Gen Z and Baby Boomers alike, underscoring the growing importance of mindful eating in urban India. As consumers increasingly seek natural, heart-healthy, protein-rich, and energy-boosting snacks, the future of Indian snacking appears to be firmly rooted in nutrition and well-being.

Wonderful Pistachios

Wonderful® Pistachios is the world’s largest grower and processor of pistachios, with a global presence in over 70 countries. As a vertically integrated operation, they are experts in every step of the process from tree to shelf, ensuring the highest-quality product every time. In tandem with its Grower Partners, Wonderful Pistachios harvests 125,000 sunny acres (50,000 hectares) of land in California that receive warm days and cool nights, which work in harmony with the rich, natural soils to create the perfect growing climate for high-quality pistachios. They ship 600 million pounds (204 million kg) of nuts worldwide from their advanced processing facilities to ensure the highest standards are met. When it comes to pistachios, Wonderful® Pistachios expertise is unmatched in scale and capacity, paired with warehouses and sales teams worldwide that are well-equipped to provide support at every step of the way.

California Pistachios

California Pistachios are grown and distributed by The Wonderful Company, the world’s largest vertically integrated pistachio processor and marketer located in California’s Central Valley. California Pistachios are Non-GMO, providing a smart, healthy choice for consumers around the world. Sun-ripened in the moderate Mediterranean climate of California, these distinctively green nuts pack taste and contain antioxidants and over 30 different nutrients. California Pistachios in India are available under leading brands and private labels at retail outlets, grocery stores, and online platforms.

For more information about California Pistachios India, please visit www.b2b.wonderfulpistachios.com

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Press Release

Singapore Prepares Ahead to Leverage Artificial Intelligence for a Better Future

Published

10 months ago

May 31, 2024

PR NEWSWIRE

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SINGAPORE, May 31, 2024 /PRNewswire/ — Senior Minister of State for Communications and Information Tan Kiat How launched the Digital Enterprise Blueprint (DEB) at Asia Tech x Singapore (ATxSG) 2024 today. The Blueprint will enable SMEs to harness technology, optimise the way they work, and strengthen digital resilience and cybersecurity across the ecosystem. 50,000 SMEs are expected to benefit over the next five years through four key focus areas:

Empower enterprises to be smarter by adopting AI-enabled solutions
Enable enterprises to scale faster through cloud-based and integrated solutions
Equip enterprises to be safer through improved cyber resilience
Support enterprises to upskill workers to make full use of digital capabilities

Seven partners have come onboard to pledge their commitment, including Singapore Business Federation, Singapore Computer Society, SGTech, Amazon Web Services, Google, Microsoft and Salesforce.

In collaboration with IMDA and the TechSkills Accelerator for ITE and Polytechnics Alliance, SGTech is launching the Tech Apprenticeship Programme to expand the career pathways of graduates by providing access to industry apprenticeships that offer on-the-job training and development opportunities. Over the next two and a half years, SGTech aims to facilitate the placement of at least 300 apprentices who are fresh or mid-career professionals from polytechnic or ITE backgrounds, and drive the adoption of similar practices that promote more inclusive hiring and career agility.

IMDA and the Singapore Academy of Law (SAL) signed an MoU aimed at uplifting the legal sector’s productivity through the use of GenAI. As part of this partnership, GPT-Legal, a new large language model which is contextualised for Singapore’s legal sector, will be co-developed. The model will be integrated into SAL’s research platform LawNet, which is accessible by 75% of Singapore’s lawyers. SAL will also be penning an MoU with the National University of Singapore and AI Singapore to develop its AI capabilities and create a certification to recognise AI specialists in the legal profession.

Additionally, Tribe and Digital Industry Singapore announced a collaboration with NVIDIA to launch the Ignition AI Accelerator for AI startups to create and bring to market the next wave of advancement in AI solutions. This programme will nurture 15 high-potential startups, equipping them with well-rounded support covering business and technical needs. NVIDIA and Tribe will also collaborate with EnterpriseSG to offer qualified AI startups funding support through the Startup SG Tech scheme, and assist them through the IMDA Accreditation process.

Singapore hosted the final meeting of the UN Secretary-General’s Artificial Intelligence Advisory Body (AIAB) from 28-29 May. As part of the agenda, Singapore facilitated an engagement session between AIAB and the Digital Forum of Small States (Digital FOSS). Digital FOSS Fellows exchanged views with AIAB members on the topic of AI governance, particularly on the implications and challenges faced by small states. Through such efforts, Singapore aims to promote a more inclusive approach towards shaping global AI and digital governance.

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One in Six Globally Concerned About Colorectal Cancer Screening Costs

Published

10 months ago

May 31, 2024

PR NEWSWIRE

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SHENZHEN, China, May 31, 2024 /PRNewswire/ — By 2040, the burden of colorectal cancer (CRC) is projected to increase to 3.2 million new cases and 1.6 million deaths per year representing a 66% and 71% rise in new cases and deaths respectively relative to 2020.

To better address the global burden of CRC and reduce its impact, BGI Genomics has launched the second edition of its global CRC awareness report, covering 1,938 respondents from Brazil (306), China (367), Poland (300), Saudi Arabia (300), Thailand (362), and Uruguay (303):

CRC Screening Gaps Vary Globally: Nearly half (49.3%) of global respondents have never undergone CRC screening, with the highest proportions in Saudi Arabia (62.0%) and Poland (61.0%).

Preference for Fecal Testing Over Colonoscopy: Although colonoscopies are more recognized (33.4%), fecal tests at healthcare facilities are preferred (31.8%), reflecting a trend towards non-invasive methods.

Cost and Fear are Determinants of Screening Choice: Fear of colonoscopy (18.2%) and screening costs (17.7%) are major barriers to CRC screening. Poland (24.7%) and Uruguay (21.0%) show the highest fear of colonoscopy, while Thailand (24.5%) and Brazil (20%) indicate the most concern about costs.

Medical Advice and Family History Drive CRC Screening: Doctor’s recommendations are a major driver for CRC screening (30.5% globally), with Uruguay showing the highest adherence (44.1%). Additionally, those with a family history of CRC are more proactive in screening (64.5%), compared to the general population (35.0%).

Prof. Varut Lohsiriwat from Mahidol University offers his insights to this report. He suggested: “The essence of effective cancer screening lies in the acceptance and adherence of the patient to the screening method. The best screening method is the one that the patient accepts and adheres to because that’s the method that will actually benefit them.”

Dr. Zhu Shida, BGI Genomics Deputy GM, notes: “At BGI Genomics, we focused our efforts on developing advanced molecular biology testing techniques to close the gap [between acceptance and accessibility]. The ultimate goal is to transform colorectal cancer from a life-threatening disease into a manageable condition through widespread, early screening and intervention.”

For more region-level comparisons, access the full BGI Genomics 2024 State of CRC Awareness Report.

All data involved in this report come from the results of an online survey project conducted by BGI Genomics. It only surveys awareness related to colorectal cancer and does not involve personally identifiable data.

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