Tuesday, 22 August 2017

Industry awaits Renewable Energy India Expo (REI) 2017

(Left to Right):
Mr. Ritesh Pothan, SVP Business Development, Chroma Energy
Mr. Mukund Shendge, Head of Sales, Fronius India Private Limited
Mr. Yogesh Mudras, Managing Director, UBM India
Mr. Pujan Doshi, WARREE
Mr. Rajneesh Khattar, Group Director, UBM India - PIC BY TGN
Mumbai, 22nd August 2017 (TGN) :  After completing a successful decade of existence, the Renewable Energy India 2017 Expo (REI), hosted by UBM India, India’s leading exhibitions organiser is set to take place from 20th to 22nd September 2017 at the India Expo Center, Greater Noida. A flagship event, REI is the most reputed global platform where India’s green economy community including overseas participants will congregate to discuss industry trends, challenges and market insights including the Indian regulatory framework. The event aims to further upscale and mainstream the applications of renewable energy resources, showcase product launches, innovations and augment the forethought through the international exhibitions and conference platform.
In its 11th edition, REI will see active participation from countries such as Japan, Germany, France, Poland, USA, Korea, China and Taiwan amongst host of other countries. It is supported by the Ministry of New and Renewable Energy (MNRE), Solar Energy Corporation of India (SECI), Indian Renewable Energy Development Agency Limited (IREDA), NEDO Japan, Indo German Energy Forum ( IGEF ), Bloomberg New Energy Finance and Mercom Capital to name a few.

The expo, certified by UFI, The Global Association of the Exhibitions Industry and will see the presence of key dignitaries – Shri Anand Kumar, IAS, Secretary, Ministry of New and Renewable Energy, Government of India; Shri Amitabh Kant, IAS, CEO, NITI AYOG, Government of India; Shri Upendra Tripathy, IAS, Interim Director General, International Solar Alliance (ISA); Mr. Justin Wu, Head of APAC, Bloomberg New Energy Finance, Singapore;  Mr. Hans-Josef Fell, President of the Energy Watch Group (EWG) & Former Member of German Parliament; Mr. Naoki Tomotake, Director General International Affairs, NEDO, Japan; Mr. René Van Berkel, UNIDO Representative in India and Dr. Arunabha Ghosh, CEO, Council on Energy, Environment and Water(CEEW )  during the high profile Opening Ceremony of 20 September.

Bringing together Manufacturers, EPC, and Service Provides, the expo will have over 750 exhibitors including companies like — Adani Solar, Tata Power Solar, Azure Power, Sky Power, Canadian Solar, Huawei, Trina Solar, Jinko Solar, Siemens Gamesa, Vikram Solar, Waaree Energies, Mitsubishi, Delta Electronics, Panasonic, SMA, ABB, Kyocera, Sterling & Wilson, Mahindra Sustain, Applied Materials, POSCO, Fronious. amongst others. The show will feature country pavilions from Japan, China, Poland, France, Korea, Taiwan to name a few.

A power packed three-day conference themed ‘Accelerating Momentum…From Ambition to Action’will take place encompassing knowledge -rich sessions by the Ministry of New and Renewable Energy, International Solar Alliance ( ISA ) , UNIDO, Indo-German Energy Forum, MNRE – EU Technical Cell, Bloomberg New Energy Finance, PV Magazine, Skill Council for Green Jobs, and Mercom Capital .  The highlights of the conference are ‘India: A Poster Child of Renewable Energy Sector’ which aims to outline key policy initiatives; ‘Skilling by Nations’ which will highlight how skilling is being integrated in the industry, impact of skilling and best practises; Sessions by Skill Council for Green Jobs and CEEW; ‘Surya Namaskar: Earn from the Sun’; ‘Rooftop PV Market Development in India’; ‘Winds of Tomorrow: Make in India’; ‘Driving operational excellence in solar and wind asset management’;  ‘Micro Grids: Localising Utilities and maximising opportunities’; ‘Neighbourhood Energy: The role of block chain in the electricity system; ‘Smart Power for Smart Cities: Pushing the envelope and ‘The Circular Economy: Finding convergence among the Swach Bharat and the Smart Cities Mission for waste to energy.

At this year’s REI Expo 2017 we will see new innovation’s like India’s first Mobile PV test lab on display by Mahindra Susten; Quality Round Table – An  interactive forum by PV Magazine, Germany; Solar Super Heroes by PV Magazine, Germany; Skill Competition for Solar Installers; Solar Design Challenge for EPCs and Developers; Master class by Enphase Energy, USA: To provide Installers and Engineering, Procurement and Construction companies (EPCs) with knowledge on innovations behind micro-inverter technologies and how micro-inverters are best suited for the Indian rooftop solar photovoltaic (PV) market; CEO Roundtable and Finance Roundtable; ‘Advantage Telangana’, a seminar by the state of Telangana to attract potential investors and developers; ‘Advantage Rajasthan’ a seminar by the state of Rajasthan to attract potential investors, manufacturers and developers and Workshop on ‘Driving operational excellence in Solar & Wind asset management’ by 3E, Belgium and Wise Energy, UK.

Speaking on the announcement of the 11thanniversary of Renewable Energy India, Mr. Yogesh Mudras, Managing Director, UBM India said, “The Indian solar sector is growing rapidly with a capacity addition of 4,765MW during H1 of 2017, according to a recent report. Rooftop solar is also showing a robust growth as solar power becomes increasingly more attractive with falling costs. Besides, India has recently moved up to the second spot from third position in this year’s ‘Renewable Energy Country Attractiveness Index’, nudging past US.  All this is acting as a huge pull for international investors and equipment suppliers. UBM India’s objective for the 2017 edition of REI Expo is “Accelerating the Momentum…….From Ambition to Action” being the theme of the show this year, and to bridge the gap between industry, Government & Investors.”

He added, “In a nutshell, REI 2017 is a marquee event in this sector with multiple country participation, best of technology, cost effective solutions, participation of Industry leaders, various country delegation, top global brands exhibiting their product and solution offerings, and a content rich conference.”

The trade show will also be preceded by the 3rd Renewable Energy India Awards, slated for 19thSeptember, 2017 that aims to recognise the efforts, innovation, and excellence and promote the talent in the industry. The Awards will have an august audience of industry stalwarts competing under various categories from both manufacturing & implementing communities.ENDS

Wednesday, 16 August 2017

Apex Frozen Foods Limited’s IPO opens on 22nd August 2017, Price Band fixed at Rs. 171 – Rs. 175

L to R- T. R. Prashant Kumar(Karvy Investment services), K. Satyanarayana Murthy (Managing Director), K. Subrahmanya Chowdary (Executive Director), Apex Frozen Foods IPO Press Conference- Photo By Sachin Murdeshwar / TGN
Mumbai, 16th August (TGN) : Apex Frozen Foods, a profitable integrated producer & exporter of shelf stable quality aquaculture products with over two decades of experience, announced an Initial Public Offering (IPO) to finance its expansion program. The IPO of upto 87,00,000 equity shares of face value of Rs. 10 each for cash at a premium offered through a book-building route at a price-band of Rs. 171 – Rs. 175 per equity share aggregating Rs. 148.77 crores – Rs. 152.25 crores. The issue will comprise of Fresh Issue of 7,250,000 equity shares and an Offer for Sale of 1,450,000 equity shares by the Promoter & Promoter group members. The Book Running Lead Manager is Karvy Investor Services Limited. The IPO would open for public subscription on 22nd August and close on 24th August with subscription for Anchor Investors opening on 21st August 2017. The shares will be listed on NSE and BSE.
The Company’s total revenues grew from Rs. 2,554.8 million in Fiscal 2013 to Rs. 7,096.8 million in Fiscal 2017 with a return on Net worth of 25.22% in Fiscal 2017. The company has a sizeable farming operation spread across 1,337.69 acres of land. Apex Frozen Foods Limited proposes to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes. The Company’s processing facility is located at Kakinada, Andhra Pradesh with a capacity to process over 9,240 MTPA of finished products and an additional pre-processing & processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, having a capacity to process around 6,000 MTPA. The processing facilities are supplemented by cold storage facilities located at Kakinada & Bapatla. Along with this, to further assuage the Company’s operations, it has its own fleet of vehicles with freezing capabilities. The facility is approved by the Export Inspection Council for export to various developed nations including USA, UK and various European Countries.
The Company draws its strengths through its economies of scale on account of integrated operations ─ sourcing raw materials partly through its own faring initiative, strategically located processing plant, established customers base, focus on quality control measures, research & development initiatives, and proven & experienced management.
The operational facilities are strategically located along the coastal belt of Andhra Pradesh. The facility is approximately 20 Kms from Kakinada port and approximately 150 Kms from Vishakhapatnam port, thereby providing a substantial logistical advantage for the transport of the export ready finished product. As per the Restated Standalone Financial Statements, the Company’s total revenues have grown from Rs. 2,554.83 million in Fiscal 2013 to Rs. 7,096.80 million in Fiscal 2017, at a CAGR of 29.10%, and the Company’s profit after tax, as restated, has increased from Rs. 94.15 million in Fiscal 2013 to Rs. 244.05 million in Fiscal 2017, at a CAGR of 26.89%. Seafood is an important source of nutrition & livelihood for millions of people worldwide. Global seafood consumption is expected to reach 170-175 million tonnes by Financial year 2021.  The global aquaculture market is gaining share over the marine catch industry is expected to increase to 52% share by 2020. USA is the largest importer of aquaculture products, accounting for nearly 18% of the total imports in 2015. Going forward, demand from USA is expected to keep rising and reach 22% by 2020.
India is amongst the leading countries in seafood exports and aquaculture production. India’s export market grew at a CAGR of 10% to $ 4.7 billion between 2010-11 and 2015-16 and is expected to reach $7 billion by 2020-21 India’s share in export of aquaculture products increased by ~330 bps to 7.8% between 2010 and 2015 and is expected to reach 10-12% by 2020. Of the total exports from India, USA was the top-most destination at 28%, and is subsequently expected to reach 30-32% by 2020-21. Of the total aquaculture production in India, close to 80% is exported while the rest is sold in the domestic market. Andhra Pradesh (AP) is the most favorable state in India for aquaculture business with the government offering subsidies/incentives for setting up farms and processing units as well as purchasing feeds. In 2015-2016, the state accounted for 77-79% of total pacific white leg shrimp export.

Monday, 14 August 2017

FICCI HEAL 2017 to Unveil Patients’ Expectations

The two-day conference to showcase exclusively curated sessions that will catalyse Indian healthcare
New Delhi, August 14, 2017 (TGN) : Amidst rising debates on cost, access and quality of healthcare services in the country, FICCI, the largest & oldest apex business organization in India announced the 11th edition of its annual healthcare conference- FICCI HEAL dedicated to bring the perspective of the core stakeholder of health – the patient, to the forefront. The two-day conference scheduled on August 17-18, 2017, will attract the biggest names in healthcare, offering key networking and partnering opportunities and also provide insights on major trends affecting the healthcare industry.
The conference will bring together over 350 national and international stakeholders of the health sector, including healthcare providers, government officials, policy makers, representatives of different embassies, medical technology and pharmaceutical companies, healthcare education providers, health insurance companies, financial institutions etc.
Speaking on this announcement of 11th edition of FICCI HEAL, Mr. Rahul Khosla, Chair-FICCI Health Services Committee; President, Max Group & Chairman, Max Healthcare said, “With a population reaching 1.3 billion, providing affordable and quality healthcare to all its citizens is not an easy task for any country. India is home to 21% of the global disease burden. With increasing incidence of lifestyle and infectious diseases and lack of primary health care infrastructure, we have a long way to go. However, rapid technological advancements, increased public and private investments and seamless collaboration between the government and the industry can help us create a patient-centric affordable healthcare ecosystem. As the largest healthcare leadership conference in the industry, FICCI HEAL will strive to address some of these issues this year.”
FICCI HEAL 2017 will convene high-impact sessions on the best practices, quality assurance mechanisms and policies for achieving global standards of healthcare across the country. The deliberations will help in paving the way for transformation required in the Indian healthcare ecosystem and facilitate the stakeholders in adapting to the growing trend of patient centricity. The conference sessions will examine matters concerning the patient who will be the pivotal point of deliberations on Government Policies, including the National Health Policy 2017, role of media in bridging the trust deficit in healthcare, transparency in pricing in healthcare, building an ethical healthcare system, financing innovations to promote investments in healthcare, reaching beyond the traditional mindsets of delivering care through integrated healthcare models and empowering patients with technology driven care.
Dr Narottam Puri, Advisor, FICCI Health Services; Board Member & Former Chairman, NABH said, “While the industry members and policy makers often come together and engage with each other to voice their concerns, the patients remain largely unheard. Therefore, as change agents, we decided to address the conference from the patients’ perspective this year. We are looking forward to this edition with great enthusiasm and hope to pave a path for a patient–centric healthcare ecosystem.”
Another unique addition to FICCI HEAL 2017 is the exclusive session on MiTalks“Health and Humanity”. A curated session that will feature the best creative minds and past TED fellows and speakers who through their fascinating ideas on health and technology will inspire the FICCI HEAL attendees.
To enhance the patient focus, FICCI has also collaborated with KANTAR IMRB for a nationwide survey of 5000 healthcare consumers to evaluate their experiences and expectations from their healthcare providers. A knowledge paper capturing the findings of this survey will be released in FICCI HEAL 2017.
Ms Shobha Mishra Ghosh, Assistant Secretary General, FICCI said “India is already witnessing the emergence of an informed, engaged and empowered healthcare consumer. Today, the industry is faced with greater challenges than we have seen in years. Through the exclusive new formats at the 11th edition of FICCI HEAL, the conference promises to catalyse the Indian healthcare ecosystem in becoming more patient-centric.”
FICCI will also host the 9th edition of its annual Healthcare Excellence Awardssupported by Quality Council of India to celebrate the excellence in healthcare delivery and innovation, on the evening of August 17, 2017.ENDS.

Friday, 11 August 2017

Automation Expo 2017 inaugurated amidst record participation

Photo By Sachin Murdeshwar / TGN

Mumbai, August 10, 2017 (TGN)  – Automation Expo 2017, India’s biggest and South East Asia’s 2nd biggest Automation show was inaugurated today at the Bombay Conference & Exhibition Centre, in Mumbai.
The 12thedition of this mega Automation Expo was inaugurated by Mr. B. Narayan, Group President (Procurement & Projects), Reliance Industries Ltd, at a Grand Opening Ceremony in the presence of the Board of Governors for the show, and an august gathering of industry stalwarts and automation professionals.
The four-day extravaganza will witness on display state-of-the-art products and cutting edge technologies from the field of Process Automation & Control Systems, Factory Automation, Industrial Automation, Field Instrumentation, Smart Sensors & Controllers, Robotics & Machine Automation, Motors & Drives, Software Solutions, Bus Technologies, Wireless Technologies, Building Automation, Automation in Hydraulics & Pneumatics, Automation in Renewable Energy and Safety & Security Systems, etc.
Among the exhibitors are leading automation companies from around the world, including:
ADVANTECH INDIA 
ALSTRUT INDIA PRIVATE LIMITED
AVENTICS INDIA PVT LTD
AXIS ENGINEERING
BAUMER TECHNOLOGIES INDIA PVT.LTD.
BEIJER ELECTRONICS TECHNOLOGIES PVT LTD
BRISK ELECTRO SALES P. LTD.
CAMOZZI INDIA PRIVATE LIMITED
CHEMTROLS INDUSTRIES LTD.
CHINALEADSHINE
DYNALOG INDIA LIMITED
ELDON CS ENCLOSURES PVT.LTD.
FIELDCOMGROUP
FINDER INDIA PVT.LTD.,
INOVA  AUTOMATION  PVT., LTD.,
INVT ELECTRIC INDIA PVT LTD
KATLAX ENTERPRISES PVT LTD
MITSUBISHI
MOONS’ INDUSTRIES (SOUTH-EAST ASIA) PTE. LTD
NAGMAN INSTRUMENTS & ELECTRONICS (P) LTD.,
OMRON AUTOMATION PVT LTD
PENTAIR TECHNICAL PRODUCTS INDIA PVT  LTD
PRECISE TECHNOFAB INDIA PVT LTD
SANYO DENKI INDIA PRIVATE LIMITED
SICK INDIA PRIVATE LTD
TAL MANUFACTURING SOLUTIONS LTD.
VASHI ELECTRICALS PVT LTD
WENGLOR SENSORIC INDIA PVT LTD
and many others.
The Industrial Automation Market
Transparency Market Research (TMR) observes that the global industrial automation market is highly fragmented due to the presence of several players in the field. The top four players with a strong foothold in the global market hold just under 15% of the market share, which indicates the extent of fragmentation. However, there is some consolidation happening gradually as indicated by the acquisition of MYNAH Technologies by Emerson, Rockwell Automation’s acquisition of Maverick Technologies and ABB’s acquisition of Bernecker& Rainer (B&R).
The show has attracted record participation with over 1000 companies from over two dozen countries represented at the event. The show is scheduled over four days from 9thto 12thAugust, 2017, and is supported by the Department of Science & Technology, Govt of India, and a host of other professional bodies.
Since inception fifteen years ago, Automation Expo has consistently evolved as a top-of-the-class platform to showcase the world’s best automation technologies at a single venue. The exhibition brings together the Who’s Who of the industry, decision makers, technocrats, and technology enthusiasts.
Automation Expo 2017 will also hostconcurrent events:
Ø  CEO Summit on Innovation and R&D – 9th August
Ø  Conference on Automation in Pharma – 9th August
Ø  Conference on Industrial Internet of things – 10th August
Ø  Machine Safety Interactive Session – 10th August
Ø  Conference on Cyber Security – 11th August
Ø  Workshop on SIL and Functional Safety – 12th August .ENDS. 

Thursday, 3 August 2017

Improving Trade and Consumption - key to Doubling Farmers’ Income

Rajju Shroff – Chairman of Center for Environment and Agriculture (CENTEGRO) - TGN
Mumbai, 2nd August, 2017 (TGN) : India ranks second globally in agricultural production ($367 billion in 2014) whereas India’s rank in services and manufacturing sectors are way below - 11th and 12th respectively.  Agriculture’s contribution to our country’s economy extends beyond rural economy and encompasses many activities in manufacturing and services sector. Export surplus from our agricultural trade is higher than the corresponding figure achieved by manufacturing sector.

India’s agriculture is as diverse as its culture. No other country produces as many crops as we do. Indian agriculture is no more food grain centric. Horticulture and livestock sectors now account for >50% of our agricultural production- in value. India’s present agriculture is structurally different from the one that existed earlier. Our farmers have ensured country’s food security and nutritional security as well.

Indian farming is backward, un-enterprising, distressed, debt ridden and a drag on economic resources what millions tend to believe. The empirical evidence shows a delightfully different picture. The compilation of these facts was released in the form of a report by Honorable Union Minister Shri Nitin Gadkari in Delhi at a function organized by ASSOCHAM. Center for Environment and Agriculture (CENTEGRO), a Mumbai based not for profit organisation has prepared this comprehensive report on Myths & Realities in association with experts from Tata Strategic Management Group.

Honorable Union Minister of State (Agriculture) Shri. Purshottam Rupala & Hukumdev Yadav – Chairman Parliamentary Committee on Agriculture were both present on the occasion and appreciated the compilation of facts contained in the report.

Rajju Shroff – Chairman of CENTEGRO andCrop Care Federation of India (CCFI)addressing the press stated “Traditionally used - Yield per acre for crops is an unfair measure of Indian farm productivity. Globally India is the largest producer of milk, second largest in fruits + vegetables & fish. Third largest in Egg production in the world. This is all due small and marginal farmers who deploy family labour and engage in intensive multi cropping all year round. They also manage livestock & poultry efficiently using agriculture waste as animal feed and to produce manure.”
                                          
India has 91 million hectares of irrigated land for agriculture(highest in the world). Thanks to multi product and multi seasonal and mixed farming (crops and livestock) there is negligible impact of deficit rainfall on agriculture now.  In 2010 -11 with a 20% deficit in rainfall Agri-output stood steady at US$203 Billion registering NIL decline across most segments.

S Ganesan – Advisor (CCFI) observed that in order to double farmers income, our focus should shift from production to increasing consumption within and outside the country. In order to bring price stability in domestic market, we must access foreign markets. Global exports in agricultural products is over$1500 billion annually as per the latest data from WTO. Of this, India’s share is less than $35 billion. One of the ways to double farmers income is to increase our agricultural exports to over $100 billion by 2022. Increasing our international presence is a key to mitigating problems arising from production glut. He also debunked many myths about Indian agriculture such as farmer’s suicides, increased rate of cancers linked to agriculture etc. Globally8 lakh people commit suicide each year (WHO). In 2015 133,623 suicides were reported in India of which less than 10% (12603) were of farmers.  Incidence of cancer in India- a global leader in agriculture-  is way below the world average. Singapore with no agriculture has higher incidence of cancer than India.

CENTEGRO’S study also debunked popular notions about farmers injecting hormones, coloring chemicals into fruits and vegetables improve color and size(Watermelons, pomegranate etc.).Organic farming is not sustainable because of low yield and need for huge amount of unavailable manure. Farmers spend on crop protection chemicals is just 1% of the value off total agriculture production. The health scare about pesticide residues in food is a malafide campaign propagated by foreign funded NGO’s in order to tarnish Indian agriculture, a spokesperson of CENTEGRO said.

With the introduction of GST, there will be sooth movement of many agricultural commodities enhancing inter- state trade.

On lines of the MAKE IN INDIA campaign, the report urged the union government to launch GROW IN INDIA campaign aiming for substantial gains in agri-exports with a single authority to monitor India’s international agricultural trade-both exports and imports.

As India has several Agro-climatic zones and required labor with multi-tasking skills, India can produce and supply to the world a variety of crops. India has sunlight round the year. Countries that have scarce labour and lands, harsh weathercan consider outsourcing agriculture to India.

Wednesday, 2 August 2017

Tata Mumbai Marathon 2018 scheduled for 21st January 2018; Registrations open 1st August

Mumbai Aug. 01 :- Procam International, pioneers of the distance running movement in India, today announced that the iconic Mumbai Marathon in now the TATA Mumbai Marathon 15th edition of asia's prestigious marathon launches with new sponsor & logo. New race category introduced on popular demand - time 10K run Race Day on 21st January 2018, Registration now open. In pic Distance running legend Hile Gebrselassie & Brand Ambassador John Abraham & others. ( Pic By Sachin Murdeshwar TGN

Mumbai, 2nd August 2017 (TGN) :  Procam International, which has pioneered the running movement across India more than a decade ago announced today that the Tata group, the global enterprise with over 100 independent operating companies, will be the title sponsor of oneof the world’s top 10 marathons – the Mumbai Marathon. India’s most prestigious long distance race will be called the ‘Tata Mumbai Marathon’ with its 15th edition scheduled on 21st January 2018.
The Tata Mumbai Marathon will be jointly sponsored by the Tata Group and Tata Consultancy Services, one of the world’s leading IT and consulting organisations for a period of ten years.
The Tata group hasserved as an instrumental force in propelling India towards sports and has shown immense dedication to helping grow and develop the sporting fabric of India. The group has forged a strong bond with society through the various academies that they run at the grassroots level, the sporting legends they support, and their associations across a multitude of sporting disciplines including marathons, the epitome of participative sports.
Speaking on the occasion, Mr N. Chandrasekaran, Chairman, Tata Sons, said, “We are delighted to become the title sponsor of the Tata Mumbai Marathon from 2018. Events like the marathon promote values like grit, tenacity, excellence, perseverance, belief, commitment, and passion that have been a key part of the Tata Group’s ethos since its inception, almost 150 years ago. Partnering with India’s premier long-distance running event is a great way for the Tata group to increase our engagement with the community, raise funds for charity as well as create societal awareness about the necessity of good health and fitness. As a marathoner, I’m personally proud to support this partnership.”
Delighted with this new association,Vivek Singh, Joint MD, Procam International said, “It is a pleasure to welcome aboard the Tatas as title sponsors, as we celebrate a landmark 15thedition of the Mumbai Marathon. With a 10-year commitment to the event, the Tatas have shown us yet again their commitment to give back to the society through sport. We are honoured with their visionary approach and, as partners, we look forward to building a marathon legacy by providing participants across the world an extraordinary experience.”
He further added, “The Mumbai Marathon today is a phenomenonthat has sparked a health and fitness revolution across the country and has become a springboard for Indian long & middle distance runners. At the same time, it has become a beacon of humanity and compassion as the largest platform for charity fundraising. In the Tatas, we couldn’t have found a better partner to take this journey ahead!”
The new logo and colours for the Tata Mumbai Marathon were unveiled at an august gathering of eminent guests. The inspiration for the new logo of the Tata Mumbai Marathon is the Mumbai city and its seven islands,embracing the true spirit of the host city.From around ‘seven islands of Mumbai’, emerges the shape of a runner, energetically moving forward like the bustling city itself. The logo’s vibrant colours represent a celebration of the diversity – the true spirit of a cosmopolitan Mumbai.
With USD 405,000 as prize money, theevent will witness in action over 46,000 participants across six different race categories on 21st January 2018. ENDS