Daily Archive: October 4, 2018

laud India’s achievements in renewable energy

Leading bankers and renewable energy financing experts from multi-lateral agencies discussed solutions to issues pertaining to financing of renewable energy projects, and how access to financing can be improved to expand clean energy projects across the world, at a Plenary Session titled ‘Bankers’ Perspective on Renewables’, of the 2nd Global RE-Invest India-ISA Partnership Renewable Energy Investors’ Meet & Expo (RE-Invest 2018).

The panel discussion had representation from World Bank, International Energy Agency, Germany’s KfW, Citigroup, and leading Indian companies Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Yes Bank and Indian Renewable Energy Development Agency (IREDA).

In the session, Shri Chinmoy Gangopadhyay, Director (Projects), Power Finance Corporation said, “We are trying to look at solar energy projects from the angle of their long term viability. As there are very little entry barriers in the solar business, so everyone has entered and promoters try to move out in a few years. This sometimes creates difficulty in assessing the viability of projects.”

“There are also issues with regard to the quality of solar panels. There is no benchmark to assess the quality of solar panels. Suppliers who are tier one today, fall out of that position later and there is difficulty in ascertaining quality,” Gangopadhyay added.

Solar energy projects have been discovering tariffs much lower than grid prices. Experts in the panel discussion said they feel these low prices would affect the long term viability of solar energy projects. Michael Eckhart, MD and Global Head of Environmental Finance and Sustainability, Citigroup, offered a solution to this problem. “To ensure the long term viability of solar energy projects, in Argentina, in Mexico, and everywhere else, including in India, I am recommending that there be two parameters for procurement of solar energy – the lowest cost, and a debt service ratio, a measure of how financially viable is a project, at that price (of solar energy). What I fear is that with all these low price bid procurements of solar energy, five to ten years from now we will have a wave of project refinances,” Mr. Eckhart said.

Eckhart congratulated India on the policy initiatives that the country has taken, and the nimbleness of policy shown here, to ensure the holistic development of the solar energy sector. “India’s UDAY program for refinancing energy utilities is the perfect model for the world to follow. I really think India is becoming a model for the world in renewable energy. I have recommended to the ISA to prepare a case study on what India has done in renewable energy and educate the world,” Mr. Eckart said.

Image Comics expands its presence to India in partnership with Comic Con India

Image Comics is pleased to announce that this year—for the first time in the history of the company—Image will have a dedicated booth presence and storefront alongside an exciting line up of creative talent appearing at Comic Con India and exclusive Comic Con India reprint issues to drive a concentrated and concerted focus on the Image brand abroad.

India is one of the fastest growing markets in the international comics landscape and Image Comics’ 2018 presence across Comic Con India is an ambitious growth into international sales for the publisher beyond yearly presence at London Book Fair and Frankfurt Book Fair each year.

“For quite some time we’ve been looking to see what more we can do within India because we’ve seen above average sales growth across Image Comics’ line of titles in both digital and physical formats,” said Jeff Boison, Director of Publishing Planning & Book Trade Sales. “Assembling a contingent of creators to head over and engage existing fans and introduce themselves and their works to new readers in India is the obvious next step.”

“Since our inception, Comic Con India has been the key element in bridging the gap between International content and the Indian fans. Thus, it gives us immense pleasure in hosting Image Comics & their team at our shows this year! And our unique collaboration gives the fans in India a great opportunity try out some of the most popular series under Image comics along with meeting some of the leading creators said Jatin Varma, Founder & Managing Director, Comic Con India.

Image Comics talent will be represented across Delhi, Mumbai, and Bangalore. Declan Shalvey (SAVAGE TOWN, INJECTION) and John Layman (LEVIATHAN, OUTER DARKNESS, two-time Eisner Award-winning and New York Times bestselling CHEW) in Dehli, Sana Takeda (five-time Eisner Award-winning MONSTRESS) in Mumbai, and Vanesa Del Rey (REDLANDS), Ram V(PARADISO), Ryan O’Sullivan (VOID TRIP), and Dan Watters (LIMBO) in Bangalore.

Hyundai Motor Achieves Top 40 Best Global Brands Position for Fourth Consecutive Year

SEOUL, Oct. 4, 2018 – Hyundai Motor has been ranked among the highest valued brands in the world once again, according to the latest rankings published by global brand specialist Interbrand. Hyundai’s global brand value grows 3% since 2017 to a company record high of US $13.5 billion. This result successfully places the company in a top 40 Best Global Brands position for the fourth year in a row. The company is ranked the world’s 36th most valuable brand in challenging conditions of many global markets.

“Hyundai Motor is an innovative and creative brand that continually develops and implements new vehicle functions that our customers want, providing them with seamless automotive experiences, so we are thrilled to see the company’s brand value increase continuously year over year,” said Wonhong Cho, Chief Marketing Officer at Hyundai Motor Company. “Recent developments in the automotive industry, such as electrification, connectivity and autonomous driving, present huge opportunities for Hyundai to be a leading force in the future of global mobility.”

Hyundai Motor maintains sixth position in the global automotive rankings. This follows a period of exponential growth for the company, which has seen a four-fold increase in brand value since 2005.

“The continuous growth of Hyundai’s brand value is the result of Hyundai’s investments in future mobility initiatives, as well as its commitment to continuously enhance the strength of its brand. The launch of NEXO, based on advanced fuel cell technology, as well as its new high performance brand N have showcased Hyundai’s technological credentials and laid the foundations for a more differentiated positioning for the Hyundai brand. Brands that truly internalize their values and respond rapidly to market changes always add value for their businesses,” Mike Rocha, Global Director of Brand Valuation for Interbrand said.

Hyundai has achieved a significant number of major automotive industry milestones, including creating the world’s first dedicated hydrogen-powered SUV, NEXO. Hyundai’s eco-car line-up also includes the All-new Kona Electric, and the IONIQ, which showcases the company’s pioneering spirit in the field of future mobility. With its progressive models Hyundai offers the broadest range of eco-powertrains in the industry.

Hyundai continues to focus on developing technological innovation to expedite achieving the company’s future mobility vision. This includes advanced research through Project IONIQ and open-innovation through collaborations with external parties such as Cisco, Baidu Inc., and SoundHound Inc. This is combined with strategic investments in future technologies such as electrification, smart cars, robots and artificial intelligence, and future energy.