India – April 21, 2017

• VxRail Appliances demonstrate substantial customer adoption in the first year with 8,000 nodes sold in more than 70 countries
• Enterprises across sizes simplify their IT infrastructure with VxRail Appliances

Within a year since the initial launch, Dell EMC’s VxRail Appliances demonstrated substantial customer adoption with over 120 nodes being sold in India. VxRail Appliances are the only hyper-converged infrastructure appliances that are jointly engineered with VMware and are fully integrated, preconfigured, and pre-tested for VMware environments. VxRail Appliances are delivering simplicity, scalability and automation at the right price point for data centers across sizes and for enterprise departmental and edge environments.

IT organizations in industries including finance, government and public sector, retail, technology, healthcare and manufacturing and distribution are choosing VxRail Appliances because of their:

• Consolidation with Scalability– Start small and scale with single node upgrades; reduces data center footprint and CapEx
• Industry-Leading Reliability– Jointly engineered and integrated by EMC and VMware with a single support number for end-to-end accountability
• High-Performance– Flash Speed at hybrid prices and free EMC RecoverPoint for VMs
• Flexible Applications– Support data centers and for enterprise departmental and edge environments.
• VMware Integration –Offers standardized ease-of-management

According to IDC research, Dell EMC VxRail Appliances’ sequential revenue growth was faster during the second half of 2016 than any other family of hyper-converged systems.”

Rajesh Ramnani, Regional Director, Converged Platform & Solutions Division, Dell EMC

“Dell EMC has experienced strong customer demand for VxRail Appliances, exceeding expectations and positioning Dell EMC to be the industry’s top HCI appliance provider. One year from its launch, VxRail Appliances have proven that HCI is an excellent approach for mainstream IT as customers increasingly use these systems for data center core applications. It has enabled customers to achieve cost-efficient performance, improve support for any application, and accelerate time to value.”

Mr.Mritunjay Kumar, Manager-IT Infra, Blackberrys India Limited

“Hyper-converged infrastructure is one of the essential elements of modern data center Infrastructure. Through software-defined innovations, we have been able to accelerate our time to market in a much faster pace. VxRail, along with the essential software stack coupled with the power packed features, hardware, packaging and support model, is ideal for us to have an agile, reliable and cost-effective data center.”

Mr. Mandar Marulkar, Chief Information Officer and Vice President at KPIT

“At KPIT we have a culture of continuous innovation in all the areas of our business.  In the journey of digital transformation, we evaluate new age solutions for simplification and Automation of digital infrastructure, so that our team can spend more time on innovation. We took one such step with VxRail.  It helped us to move forward in our software defined journey, thereby reducing time to market, enhanced simplicity and improved end user support.”

Henry Baltazar, research director, 451 Research

“With the hyper-converged infrastructure (HCI) market growing relatively rapidly over the last few years, Dell EMC has grown its own presence with last year’s introduction and subsequent customer adoption of VxRail Appliances. As customers are increasingly ramping-up their HCI deployments, hybrid cloud is the next obvious destination. This makes the combination of Dell EMC Enterprise Hybrid Cloud and VxRail a worthy solution for consideration.”

DELL EMC

Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.

¹ Based on the IDC WW Quarterly Converged Systems Tracker, March 23, 2017.

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Pre- budget expectations and recommendations by Sundeep Mohindru, Director, Mynd Solutions Pvt. Ltd.

Mynd Solutions Pvt. Ltd. a leading global service provider in business process and technology management, offering broad spectrum of services in finance and accounting (F&A), human resource outsourcing (HRO), IT Solutions and consulting has following expectations and recommendations from the government in the upcoming union budget 2016

Sundeep Mohindru, Director,Mynd Solutions has highlighted the key aspects of establishing and running a business with focus on start-ups and micro, small and medium enterprises (MSME) in India.

Definition of start-ups                                                                                                                          

India is going through the phase of changes and new outlook is being worked upon. The prime minister (PM) has laid the path for enhancement of entrepreneurship in the country. The PM’s initiative for making available finance for start-ups and related incentives is going to take concrete shape in the upcoming budget. The initiatives will be given to new businesses set up after 31^st March 2016. At Mynd Solutions,  we are serving and supporting many customers to set up their business, all clients that have set up their businesses in the past two years are feeling strapped to miss this opportunity. Also existing entrepreneurs setting up new lines of business as start-ups in their current running companies are feeling that they will miss out on this opportunity by government of India. Therefore, the definition of start-ups has to be widened enough to support all the initiatives taken by entrepreneurs.

Ease of doing business

Company law changes made by Companies Act 2013 do not support the ease of doing business in India, especially for holding and subsidiary companies relationships for unlisted companies. These are small businesses that don’t have enough resources to manage the requirements of Companies act. A review by government has been discussed at many stages and many new notifications have been released to ease this space after 2013. However, a lot has to be done to support the ease of doing business in India.

Incentives for export of services

Incentives for export of services are limited and have been released only for corporates operating in special economic zones (SEZ) area. However, micro, small and medium enterprises(MSME) have limited access to SEZ set-ups and enjoy no export incentive for the export of services. India is growing tremendously in services arena and export benefit rules shall be made available for export of services. In the initial days, government released the scheme of software technology parks of India (STPI) for information technology (IT) and IT enabled services (ITES). This scheme was utilised by MSMEs and export units flourished in almost every city where such parks were established. Incentives of STPI scheme could be enjoyed by all companies operating from their respective place of business. Current rules released by government in 2015 limit these incentives to companies operating from SEZ area. These rules have to be relaxed to widen the coverage of operations.

Job creation

In 2014, the government of India had launched an ambitious programme “Make in India” which infused a fresh breath of air in increasing job opportunities for 10 million workforces that enters the market every year and also 10,000 Start-ups initiative, a mega-program that aims to catalyse 10,000 technology start-ups over the next decade. In the upcoming budget, we look forward to the enhanced implementation plan of these policy initiatives and introduction of similar policy initiatives to boost jobs especially in the under-developing areas such as infrastructure, aviation, and real-estate.

Skill Development and compliance reforms

Enhancing Employability and access to a skilled talent pool is a critical enabler for India’s competitiveness. Secondly, enhancing the ease of managing compliances through E-governance / single-window concept policy reforms shall only strengthen the policy of ease of doing business for both domestic and international corporates. Recent initiative of “Digital India” is an extremely welcoming step towards covering both above points, however, it’ll be interesting to see the policy implementation framework especially government-Industry partnership model in the upcoming fiscal to achieve quantifiable results on the ground.

About Mynd Solutions Pvt. Ltd.          

Mynd Solutions Pvt. Ltd. (Mynd Solutions, the company) is a leading global service provider in business process and technology management, offering broad spectrum of services in finance and accounting (F&A), human resource outsourcing (HRO), IT solutions and consulting.The Company couples deep process knowledge and insights with a focused IT approach, targeted analytics and pragmatic engineering to deliver an integrated process solution.

Mynd Solutions offer its platform as SaaS (Software as a Service) which complements the services delivered, to suit customers’ need across the globe. The company has eHRIS, a niche product, for managing HR processes on the SaaS model and IFRS services in India.

With International presence in Asia, Africa, Middle East, the United States and Europe, the Gurgaon-based company’s global reach is further supported by a robust partner network spread across 60+ countries. Mynd Solutionsis growing its International wings aggressively over the last few years through the incorporation of “Mynd Solutions Asia Pte.Ltd”, the global sister concern of Mynd Solutions. It is engaged in managing the company’s international business endeavors. Based in Singapore, it leverages its strategic location to serve EMEA, APAC, and American markets. Mynd Solutions Asia has successfully executed many large assignments including multi-country payroll management, recruitment process outsourcing (RPO), company incorporation, and finance & accounting projects.

Mynd Solutions is headed by Sundeep Mohindru, a qualified Chartered Accountant, with over 18 years of experience in consulting, auditing and business management.. He has been responsible for overall strategy, creation of teams, product development and business growth. Sundeep has been an active member of management institutes/ associations such as CIAM, NASSCOM, and Belgian Business Association, etc. He has been an active speaker in forums on business management and growth for young entrepreneurs. Vivek Misra is another co-founder of MyndSolutions and serves as its COO. He is an entrepreneur with a strong background in accounts and finance. Vivek has over 18 years of experience in the HR and F&A space with both consulting and outsourcing domains across services, manufacturing, engineering and telecom industries.

SIDBI Venture Capital Limited, a wholly owned subsidiary of SIDBI (Small Industries Development Bank of India) with focus on addressing growth capital needs of India’s developing and unlisted MSMEs operating in the emerging sectors has invested in Mynd Solutions through its fund called the SIDBI India Opportunities Fund. The contributors of this fund include leading Indian public sector banks and insurance companies.

Mynd Solutions was awarded as a fastest growing technology company under Deloitte Technology Fast 50 India Programme 2014 and received NASSCOM – Emerge Leader award for growth in 2009-10/, The company was also awarded as the “Best Professional Service Business of the Year 2011” by Franchise India and Zee Business, besides receiving the Best Service Provider Award from Indus Towers Ltd. for PAN-India Service. The ISO 27001:2005 certified company is also complaint with Statement on Standards for Attestation Engagements (SSAE) No. 16 for its flagship processes including payroll and SSC.

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“The gems and jewellery sector makes a significant contribution to the country’s overall economy. Just like there were high expectations from last year’s budget this year too, the fraternity is looking for a positive outcome from the budget. The industry concerns have already been put forth by bodies like GJEPC, GJAF & FICCI to the government. Considering the current government encourages and promotes a business conducive environment, we are hopeful that they will address the same which will benefit the industry. From the consumer perspective, the budget should be able to put in real time money in the hands of consumers, increasing their disposable income. So overall an impactful budget will be the one that takes into consideration several important factors like import duty, export duty of diamonds/gems/jewellery, customs, etc.  It seems like the industry will perform well this year, especially in the second half. Here’s hoping that the Budget 2015 is industry friendly.”

The post Mr. Sachin Jain, President – Forevermark India, on the expectations for the Gems and Jewellery industry from the upcoming budget. appeared first on Core Sector Communique.

The upcoming budget to be known as ‘Skill India’ has obviously created expectation and is the wish list for any industry. As you know, if India has to become of global quality, skill is the only answer. So the government is also working hard to meet the need for skilled employees.

Over and above, the industry is looking forward to certain concession in excise and taxation to make the product viable. Industry is hoping that the non-taxable gift limit from the existing Rs 5,000 per annum will be changed to Rs 10,000 per annum.

The boost in the manufacturing sector, especially in MSMEs and other allied sector is going to look for skilled manpower and thus the job recruitment scenario is going to change and they will be a good potential for growth.

The industries which are going to get a push from this year Budget is manufacturing, agriculture and infrastructure.

Several reforms such as manufacturing sector can sell its product through retail including E-commerce platform and initiatives like committee to examine the financial architecture for MSME Sector etc. is a clear cut road map for economic recovery and accelerated growth in industry. This in-turn, will boost employment automatically. Hence the overall budget is going to be a clear vision for fixing the economy.

With the emphasis laid on skill development and make in India campaign, recruiters also anticipate the government to find ways of generating employment opportunities in tier 2 and 3 cities.  The government should also make skill development in the public-private partnership in skill development, which in turn will make India a lucrative destination for both domestic and foreign investors.

The author is G S Ramesh, Chairman, Layam Group 

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The latest edition of the ACCI Business Expectations Survey shows that while actual business conditions in the June quarter remain poor, there was some slight improvement in most indicators. However, the difficult trading conditions have started to weigh on business expectations for the future. Some encouraging signs from the survey include the sharp improvement in export sales that saw it jump into positive territory, and continued improvement in the profits indicator (albeit from a very low base).

Business expectations have come off slightly but for most indicators, they remain in positive territory. Key indicators of current conditions such as sales, profits, investment and employment all remain anchored below the neutral level. Business reluctance to hire and invest is unsurprising given the long run of poor readings for Sales Revenue and Profits. Indices for Employment, Investment in Buildings and Structures fell and while there was some modest improvement in the indicator for Investment in Plant and Equipment all three indicators remained firmly in contractionary territory in the June quarter.

Somewhat concerning is that plant and equipment investment is in the midst of the longest contractionary period in the entire history of the survey, only the second of two such periods. The other period of contraction was in the aftermath of the global financial crisis, however, that period was significantly shorter and was followed by a sharp rebound over the course of 2009.

 Labour market indicators remained muted in the June quarter. Employment fell back further into negative territory reversing the improvement in the previous quarter, overtime utilisation was deeply depressed and wage growth was unchanged in June but has fallen substantially since the second half of 2012. Also, the expectations indicator for employment fell slightly into negative territory.

 Ms Kate Carnell, Chief Executive Office, Australian Chamber of Commerce and Industry, commented:

 “The Business Expectations Survey shows trading conditions remain poor in the June quarter. Deeply depressed profitability and poor selling prices continue to undermine employment and investment. Difficult trading conditions are beginning to show signs of dampening business expectations for the future. Most expectations indicators remain in positive territory, however, all of them except expected export sales have fallen in the June quarter. The current survey readings indicate that the labour market will remain soft for some time and that the forecast transition from mining investment-led growth to broader-based economic activity remains elusive.

It is clear the mainstream economy is struggling to fire on all cylinders. There is still no convincing evidence of a recovery in investment beyond the mining sector and retail trade has softened in recent months following a sharp dip in confidence after the release of the budget. Labour market conditions continue to deteriorate, a trend that has been in place for more than three years now and are set to worsen in the year ahead. Muted wages growth should offer the Reserve Bank comfort that inflationary pressures are well contained and there is no pressing need to re-consider the current accommodative stance of monetary policy.”

The Survey covered the three months to June 2014 and had 2,339 respondents. A full copy of the Survey is available on the ACCI website at: http://www.acci.asn.au

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Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India:

Since the budget on Monday is an interim and not a full-fledged one, it is unlikely that there will be any new policy announcements. Nevertheless, the questions that the Indian real estate sector asks the government at this time are:

• What is the status of the real estate regulatory bill? When will it be activated, and has the feedback that various industry stakeholders have given on it been considered and factored in?
• Will REITs be given a chance to debut in India in 2014?
• Will the tremendous financial pressure that real estate developers are under be eased in some manner?

The last question is probably the most significant, and at least partially derives from the preceding two. If the regulatory bill is being flagged for take-off but there is no likelihood of REITs commencing in the near term, the funding issues that developers are facing will increase. The real estate sector’s most pressing requirement from the government at this critical time is to provide some kind of tangible support to off-set the impact of various regulations that further impeded its growth during the preceding year.

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