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]]>~Lendingkart becomes the only Indian fintech firm to make it in list of Top 50 Established Innovators~
India, 28th November, 2017: India’s leading online lending platform that facilitates SMEs in obtaining working capital loans, Lendingkart Group, has been recognized as one among the world’s top fintech innovators by KPMG and H2 ventures in their prestigious 2017 FINTECH 100 Global report. The ‘Fintech 100’ report consists of two complied lists – the world’s top 50 ‘Established Innovators’ and the 50 most intriguing ‘Emerging Stars’. In the list of the World’s Top 50 ‘Established Innovators’, Lendingkart Group has emerged as the only Indian fintech company.
“FINTECH100 is one of the most sought after reports in the Fintech space and it is an honor to be a part of the global list. We, at Lendingkart Group, are committed to eliminate the credit gap that exists in the SME community by use of Technology and Analytics, and this is an important recognition that reflects on the success we have seen over the last three years. Innovation has been the backbone of all we do at Lendingkart Group as we constantly work towards creating a more seamless and automated loan disbursal process. Such accolades keep us motivated to continue the innovation, working our way towards financial inclusion of the MSME space.” said Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies.
Lendingkart Group’s consistent focus on seamless delivery of quality and hassle-free services in facilitating small business working capital loans, has enabled it to become a part of the celebrated report. It is the only Indian fintech company to be featured thus in the established innovators list. The report is renowned to feature companies that utilize technology to disrupt financial services industry across the world.
Lendingkart Group NBFC provides for working capital needs of Small and Medium-sized Enterprises offering quick and easy collateral-free loans with minimal paperwork. The robust technology platform has helped create a highly operational efficiency model that utilises over 5000 variables and data points for swift loan disbursement, delivered within 72 hours of complete loan application. Lendingkart Finance offers quick and easy collateral-free loans with minimal paperwork. Over 3,00,000 SMEs from more than 900 cities in the country have till date reached out to Lendingkart Finance for their credit needs.
In compiling the list, KPMG and H2 Ventures have followed a rigorous process where they shortlisted and reviewed over 1,500 fintech firms from around the world. In the 2017 Global Report, firms from 29 countries have been featured including 41 companies from the UK and EMEA (Europe, the Middle East and Africa), 29 companies from the Americas (North and South America), and 30 companies from Asia (including Australia and New Zealand). While China continued to dominate the list with five of the Top 10 companies being Chinese firms, four Indian firms have been featured in the report, in total.
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]]>The post KPMG announces plan to introduce world’s first global cloud-based Big Four audit platform on Microsoft Azure appeared first on Core Sector Communique.
]]>WASHINGTON, July 10, 2017 /PRNewswire/ — KPMG International and Microsoft today announced two important strategic initiatives that will expand the scope of their global alliance: providing clients with a portfolio of digital solutions1, and enabling KPMG’s smart audit platform, KPMG Clara — both built on KPMG business experience and the Microsoft intelligent cloud.
The two organizations are establishing a global Digital Solution Hub, which will leverage Microsoft Azure intelligent cloud services and artificial intelligence (AI) technology with KPMG business experience to help companies transform all areas of their businesses — including finance, operations and the customer experience.
KPMG2 and Microsoft also announced plans to place the new KPMG smart audit platform, known as KPMG Clara, on Microsoft Azure, which will make KPMG the first of the Big Four professional services firms to enable its member firms to conduct external financial statement audits utilizing Azure, a comprehensive, cloud-based platform. Deployment across the KPMG network will depend on, among other things, applicable country regulations and any applicable engagement terms with companies audited by KPMG member firms. KPMG currently has 73,000 audit professionals worldwide and provides audit services for 23 percent of global Fortune 500 companies.
Of KPMG’s commitment to deliver KPMG Clara through Microsoft Azure, KPMG Global Chairman John Veihmeyer said: “As businesses become increasingly digitized and face continued disruption, audits need to continue to evolve with those changes and KPMG is committed to leading digital transformation in the professional services sector. Placing our smart audit platform on the Microsoft Azure cloud and leveraging other Microsoft technologies will accelerate and expand digital capabilities to further enhance quality, consistency and efficiency.”
Regarding the importance of the Digital Solution Hub to KPMG member firm non-audit clients around the world, Satya Nadella, Microsoft CEO, said: “As every industry and every organization becomes digitized, leaders are looking for the right technologies and partners to accelerate their transformation. Working with firms like KPMG, we aim to help customers harness the intelligent cloud and build AI capability to drive business outcomes and unlock new opportunities.”
Veihmeyer remarked: “The CEOs I talk to are looking for new types of digital solutions that combine the best technology with deep sector and business expertise. Creating a global Digital Solution Hub demonstrates our joint commitment to develop and deliver world-class, technology-led solutions that harness our combined business and technology expertise to transform their business. The technology solutions we develop will help clients optimize their operations, to build more efficient and sustainable digitally driven business to compete in an ever-changing world.”
KPMG Clara and the importance of the audit’s evolution
KPMG Clara builds on KPMG’s deep global audit experience combined with the advanced security features and industry-leading compliance capability of Microsoft Azure to enhance audit quality and provide deeper insights into the results of audits, potentially highlighting specific issues and audit risks. The KPMG Clara platform’s standardized application programming interface (API) integration framework will support seamless integration with other cloud, data and analytics technologies.
“The future of audit for the digital, always-on age lies in providing services that one day likely will include real-time audits and continuous audit risk analyses. KPMG and Microsoft are working hard to move audit to the next level of digital transformation, leveraging Microsoft’s Azure cloud technology,” said Bill O’Mara, KPMG Global Head of Audit. “KPMG Clara on Azure will be a significant step toward the audit of the future.”
By applying Microsoft intelligent cloud capabilities such as Azure Machine Learning and Power BI (Business Intelligence) analytics to the full breadth of a client’s data, KPMG Clara can help bring more automation to the audit, reducing the burden on clients around data preparation and delivery. KPMG is committed to protecting client data, and this will only intensify with moving into cloud technology.
Digital Solution Hub marks important step in the global alliance
The Digital Solution Hub marks the most significant step forward for the KPMG and Microsoft strategic alliance formed in early 2015. The Digital Solution Hub will manage ideation, architecture and development of ready-made, Microsoft Cloud-based solutions, empowering the C-suite to drive digital transformation in strategic areas of their business.
The Hub will soon launch a portfolio of CFO solutions, and Procurement 365 Digital, a data and analytics-driven solution that aims to set a new standard for digital strategic procurement.
New solutions from the Hub intend to center on artificial intelligence, machine learning and analytics to help non-audit clients’ businesses improve performance, profitability and growth in the disruptive global economy. Operating as a geographically distributed facility, the Digital Solution Hub will have locations in the Seattle area, at the KPMG Lighthouse — Center of Excellence for Data & Analytics location in Berlin, and other yet-to-be-named satellite locations around the world.
The Hub will be staffed by data scientists, developers, analysts, designers and other specialists from both organizations. KPMG and Microsoft plan to begin operations by the fourth quarter of 2017. Further details about the Digital Solution Hub’s portfolio and client engagement opportunities will be shared at the Microsoft Envision conference in Orlando, Fla., in September.
In addition to the two initiatives announced today which build on the longstanding alliance between KPMG and Microsoft, KPMG recently received the following Microsoft awards:
In early June, Microsoft announced that KPMG was a finalist for their annual Public Sector: Health partner of the year award.
KPMG was among the best in cloud experiences in Microsoft Dynamics in the Horses for Sources (HfS) Blueprint Report: Microsoft Dynamics Services 2017 published on June 14th.
At their July 10th partner recognition reception, Microsoft will name KPMG as their Worldwide Consulting & SI Digital Transformation in Action partner.
About KPMG International
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 189,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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1Solutions described herein may not be permissible for KPMG audit clients and their affiliates.
2References to KPMG services in this document refer to service provided by KPMG International’s network of member firms.
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]]>The post TO THE NEW along with Amazon Web Services successfully decoded Digital Transformation through one of its kind events appeared first on Core Sector Communique.
]]>New Delhi, 29 May 2017: TO THE NEW, a leading digital technology company, in association with Amazon Web Services, organized ‘Digital Transformation Summit’, a one of its kind exclusive event to decode digital transformation in Media & Entertainment (M&E) industry. The event was held at Hotel Shangri-La, New Delhi on May 26, 2017.
A remarkable event, driven by powerful discussions, the evening started with an exemplary keynote by Dr. Jai Menon, Group Director, Technology, HT Media. Dr. Menon discussed the e2i framework, a paradigm shift in the M&E space from an enterprise style of working to an internet style. It was followed by an engaging talk by Mr. Deepak Khullar from Amazon Web Services on how media companies can effectively leverage cloud for better performance, scalability, big data and analytics. Mr. Narinder Kumar, EVP, Technology at TO THE NEW spoke about innovations & trends in M&E industry and how companies are leveraging digital technologies to acquire and retain customers.
The highlight of the evening was an interesting panel discussion which featured an impressive line of panelists such as Sudipta Banerjee, CTO, Wynk; Mahesh Subramanian, CTO, Scoopwhoop Media; Bharat Gupta, CMO, Jagran New Media; Retesh Gondal, Technology Head, ABP News Network; Ashish Bhansali, Product Head, ALT Balaji and Sushant Rabra, Director, Management Consulting, KPMG. The discussion was moderated by Mr. Deepak Mittal, Co-Founder & CEO, TO THE NEW, an industry veteran, who engaged the distinguished panelists for an insightful discussion.
The industry experts highlighted the current scenario of digital disruption led by competitive marketing strategies & adoption of digital channels and technologies. They also discussed the key challenges existing in the ecosystem and their strategic move to counter the same. The event was attended by many top leaders in India, a list that includes eminent CTOs, CIOs, CXOs and media experts from different enterprises.
In entirety, the Summit focused on the adoption of digital transformation and its impact on the M&E industry. With the rapid internet penetration in the age of Smartphones and OTT platforms, online video consumption has been increasing significantly. This pragmatic shift urges M&E players to create new revenue models, distribute content on multiple devices and platforms, provide superior omni-channel experiences, and increase engagement.
Mr. Deepak Mittal stated, “We believe that the M&E players hold great potential to break barriers and create significant business opportunities. The idea behind conducting this event was to address all M&E enterprises that need to embrace digital transformation by exploring scalable technologies and re-inventing methodologies, to succeed in the highly competitive digital era.”
The event was attended by technology leaders from almost all the M&E companies in NCR including Tata Sky, Times Internet, HT Media, NDTV, Den Network, Zee, BusinessWorld, Network 18, India TV News, Airtel D2H, News Nation, Sahara Media, A2Z News and Amar Ujala.
About TO THE NEW
TO THE NEW is a premium digital technology company that provides end-to-end product development services. TO THE NEW leverages the power of experience design, cutting-edge engineering and cloud to build disruptive web and mobile products and enable digital transformation for businesses.
TO THE NEW practices Agile methodologies to develop innovative products with a faster time to market. With a team of 750+ passionate technologists, TO THE NEW constantly challenges the status quo to empower Fortune 500 companies as well as startups across the globe.
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]]>The post Ecommerce sector powering employment generation in India: Report by Snapdeal & KPMG appeared first on Core Sector Communique.
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E-tail and allied ecosystem is expected to create 1.45 million jobs by 2021
New Delhi, 6th December, 2016: Snapdeal, India’s largest online marketplace, in partnership with KPMG today released the findings of a study examining the macro-impact of the e-tail industry and the associated ecosystem, on the employment landscape in India. The study titled Impact of Ecommerce on Employment in India focuses on the role of e-tail in socio-economic development, outlining the alignment of measures with key government initiatives like Make in India, Digital India, Start-up India and Skilling India, among others.
The study further outlines the potential challenges and shares recommendations on the different roles that various participants like the government, industry bodies and e-commerce companies themselves can play in building more employment avenues and up-skilling.
Speaking at the release of the report, Mr. Kunal Bahl, Co-founder and CEO, Snapdeal said, “The impact of e-commerce industry on the entire employment landscape has been the most exciting part of India’s digital growth story, and yet often the least spoken about. Through this report, we aim to highlight how the industry is generating direct and indirect jobs in core and associated industries, creating entrepreneurship opportunities in the deepest pockets of India and how it is influencing the socio-economic fabric of the country for a more balanced development. At Snapdeal, we are working towards building the most reliable and frictionless digital commerce ecosystem in the country and we recognize the deep-seated role of our talent pool, our sellers and other associated partners in achieving this. We felt the need to conduct a systematic study to identify opportunities and challenges, that will further build models and skill sets to foster a mature, sustainable employment avenue. Our entrepreneurial culture and initiatives play a pivotal role in up-skilling our workforce for addressing the consumption needs of India. “
Mr. Richard Rekhy, CEO, KPMG India said, “The contribution made by the e-commerce industry in employment creation is something that has been recognized for a while now. This report highlights how this impact can be increased multi-fold by facilitating an ecosystem of growth for the industry – developing a skilled workforce, promoting entrepreneurship, improving physical infrastructure, facilitating participation of SMEs and MSMEs, defining clear regulatory frameworks, and providing easier access to funds, etc. to name a few areas which require attention. These measures will ensure that growth in this industry becomes self-sustaining to support the expanding employment opportunities that it can offer. With innovation and mobile e-commerce leading the way, this industry also looks to propel growth and generate abundant demand for IT/ITeS professionals in the years to come.”
This report is part of a series of initiatives that Snapdeal has undertaken to build wider understanding about the evolving e-commerce landscape, and its seen and unseen impact on the country’s economy. This follows a previous study by KPMG, Impact of E-commerce on SMEs in India, which focused on creating an ecosystem for MSMEs and leveraging e-commerce for their growth.
About Snapdeal:
Snapdeal’s vision is to create India’s most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers. In February 2010, Kunal Bahl along with Rohit Bansal, started Snapdeal. Today Snapdeal is India’s largest online marketplace, with the widest assortment of 65 million plus products across 1000+ categories from over 125,000 regional, national, and international brands and retailers. With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country, delivering to 6000+ cities and towns in India. In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others.
For further information visit: www.snapdeal.com
About KPMG:
KPMG in India is the Indian member firm of KPMG International and was established in September 1993. It strives to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and its experience of the Indian business environment. KPMG provides services to over 2,000 international and national clients in India and has offices in Mumbai, NCR, Bangalore, Chennai, Hyderabad, Kolkata, Chandigarh, Ahmedabad, Pune and Kochi.
KPMG International is a global network of firms providing professional services. We have 153,000 outstanding professionals working together to deliver value in 156 countries worldwide. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG member firm is a legally distinct and separate entity and describes itself as such.
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]]>The post India Must Do More to Integrate South Asia’s $2.5 Trillion Common Market appeared first on Core Sector Communique.
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]]>The post Corporate funding in sports, imperative to ignite development in India: CII Summit on the Business of Sports and Entertainment appeared first on Core Sector Communique.
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Mumbai, 21 September 2016:CII organised the 1st edition of the Summit on the Business of Sports and Entertainment, at Mumbai. The Summit saw participation from eminent sports and industry representatives.
The Summit witnessed discussions on matters pertaining to Corporatization in Sports, Developing the next-gen: A focus on grassroots and the Business of Leagues A report titled “The Business of Sports” was also launched today by CII in association with KPMG during the Summit.
“Indian sports arena has now matured – gone are the days of playing amateur sports, we now have a high level of professionalism in our games” said the Chief Guest, Mr. Praful Patel, President, All India Football Federation at a CII Summit on “Business of Sports &Entertainment” organised in Mumbai. He also commented that sports should be taken up as a serious career option as even sportspersons have to support their families, plan retirement and so on, just like any other professional. Talking on the infrastructural aspect of the sports industry, Mr. Patel remarked that the country needs many more stadiums and other infrastructure that are dedicated to sports other than just cricket. Multipurpose, non-cricket stadiums will go a long way in encouraging other sporting activities as well.
Mr Shrinivas Dempo, Chairman CII Summit on Business of Sports and Entertainment & Chairman & Managing Director, Dempo Shipbuilding & Engineering said, “The last 5-7 years have been the most dynamic for the sports industry in India with some fundamental changes. Sports not only provides an active branding and marketing opportunity to investors, but has also created value for fans all across. Sports is what gets the people of this country together, it has the great power to unite the nation. Addition of various sporting leagues in India have invited tremendous support and presence of corporate sector. Against this backdrop, CII is proud to organize the Summit on Business of Sports and Entertainment in Mumbai”. Mr. Dempo also remarked that we need to create and showcase more Heroes and make it aspirational for the younger generations. We must create the eco-system that would not only attract more talent, but also invite greater investments in this sector. Sports needs to be viewed in a more serious light.
Mr. Jay Mehta, Group Director, Mehta Group & IPL Franchise Owner, Kolkata Knightriders said that sporting is a serious business. One must do the valuations extremely carefully and choose the correct people and partners to make a winning team. “Build a family and nurture it” says Mr. Mehta. He believes that one must get emotionally involved in this business and treat every player, member with the same respect and dignity. Mr. Mehta shared a few pitfalls that he faced in the initial couple of years. But with time, he learned to master them and take the right decisions, as a result Kolkata Knightriders has emerged as the top rated team in todays’ times.
India has a long journey ahead on its path to developing a strong sports culture. It needs to begin at the base, and that is what will build the future. Floodlightz the sports media portal highly appreciate the initiative, which will emphasis the Business of sports at the grassroots level in India.
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]]>The post KPMG REPORT- URBAN INDIAN REAL ESTATE 2016 appeared first on Core Sector Communique.
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27th August 2016, KPMG, a global business consultant recently done an analysis on Indian Real Estate Industry. According to the report, The real estate and construction sector is expected to generate 75 million (7.5 crore) jobs by 2022 and emerge as the largest employer in the country. Real estate and construction sector in India is expected to be the third largest globally by 2030 contributing over 15% to the GDP and emerge as the largest employer in India providing employment opportunities to over 75 million people.
The real estate developer’s share their views on the report-
“This report is a very positive and encouraging for the real estate sector. The real estate sector will see a significant rise in opportunity. With the changes in the policy taking place such as GST, REITS and The Real Estate(Regulation & Development) Act, the real estate sector will be strengthened. This also puts a lot of responsibility on the developers for providing quality projects of global standards to its buyers.” -Mr. Prashant Tripathi, Spokesperson, Viridian Group
” The report is very positive and highly motivating for the real estate sector. To achieve the vision of Housing For All by 2022, the development needs to be at a rapid active pace along with providing the best quality construction to its buyers. The ongoing policy changes being done by the government such as REITS, GST and Real Estate Act will improve and strengthen the construction and real estate sector. Also, according to the report the opportunities will increase by several manifolds, leading to greater employment and growth of the real estate sector” – Mr. Ravish Kapoor, Director, Elan Group
About Viridian Red
Viridian RED is widely recognized as a catalyst and for its leadership position in the real estate landscape. With a vision to deliver innovative and quality real estate solutions in India, Viridian Real Estate Development was established as a vital part of Viridian’s integrated development platform, comprising of investments, development and asset management functions.
Viridian RED is further setting new benchmarks by taking the immense potential of the World Trade Center to all of India. The company has already identified important centers of commerce that will be key drivers for growth and has planned a strategic roadmap for a comprehensive rollout of WTC’s across India and ASEAN.
About ELAN Group
Elan is emerging as an Indian realty major; fully capable of delivering great value to its clients. Through wide ranging expertise, Elan Group is all set to offer unique residential, commercial and hospitality projects. The group aims at creating connection between discerning individuals and intelligent spaces to create exciting new prospects in developing India through innovations, new technologies and research.
Since inception, we are persistently focused on continuing to create and build spaces that can transform lives for a better tomorrow and a better world around us. Company has strong presence in northern India, specially Delhi / NCR, with projects at the best locations of tier 1 cities
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]]>The post AmeriCares India Announces 8 winners for the 6th Spirit of Humanity appeared first on Core Sector Communique.
]]>- The sixth edition of the Spirit of Humanity Awards announced 8 winners from the final 28 NGOs
- Spirit of Humanity Awards is an initiative by AmeriCares to identify and honor excellence by individuals and NGOs working for the underprivileged
- This year, the impact sectors include – Child health, Diabetes, Disability, Eye Care, Education, Livelihood, Water & Sanitation, Women empowerment
- Received more than 400 registrations from across India
Mumbai, September 14, 2015: Spirit of Humanity Awards, an initiative by AmeriCares announced its winners in eight categories on September 9, 2015 at JW Marriott, Sahar. It was a culmination of three rigorous levels of short listing with ended with a grand awards evening. The program in its 6th year received 400 registrations from NGOs across India of which 28 made it to the finale. The top 8 were chosen after a live presentation in front of an eminent jury.
| Sr. No. | Category | Organization | Zone |
| 1 | Child Health | Mahan Trust, Melghat, Maharashtra | West |
| 2 | Diabetes | Aditya Jyot Foundation for Twinkling Little Eyes, Mumbai | West |
| 3 | Education | Sevalaya, Tamil Nadu | South |
| 4 | Water & Sanitation | Jal Bhagirathi Foundation, Jodhpur | West |
| 5 | Disability | Tamana, Delhi | North |
| 6 | Eye Care | Samarthanam Trust for the Disbaled, Banglore | South |
| 7 | Livelihood | RMD Pain And Palliative Care Trust, Chennai | South |
| 8 | Women’s Empowerment | Drishtee Foundation , Delhi | East |
Until last year, the awards were predominantly focused on NGOs in healthcare; this year, it has extended to other categories namely – Disability, Livelihood, Education and Water & Sanitation. Only one best from the four zones (N-E-W-S), for each category have made it to the finals, through a process monitored by KPMG in India.
The finale of the Spirit of Humanity brought together not-for-profit organizations, academia, government authorities, thought leaders and corporations for sustained engagement and cross learning.
Spirit of Humanity, is organized in partnership with Abbott, Allergan, Castrol, Novartis, State Bank of India, Bharat Serums and Vaccines, Ericsson, The Hans Foundation, SPJIMR, Idobro, Guidestar and JW Marriott. AmeriCares is also associated with Bristol-Myers Squibb Foundation for significant projects on public health.
Talking about the change in awards this year, Shripad Desai, MD & Country Director, AmeriCares said, “It gives me immense pleasure to bring the 6th edition of The Spirit of Humanity Awards this year. Over the years, this platform has evolved for better. This year, apart from recognizing the healthcare NGOs we have extended nominations to other impact sectors as well. We are thrilled to receive such an encouraging response from all the participants. We only hope and thrive to grow this platform further and encourage services of many in the future”.
The winner of the award received prize amount of Rs. 1 lac, certificate of excellence from the esteemed organizers and a trophy.
About the Awards
The Spirit of Humanity Awards, by AmeriCares India- partner with Bristol-Myers Squibb, was launched in 2010, to identify and honor excellence by individuals and NGOs working for the underprivileged, especially in the health care sector. Over the years, Spirit of Humanity has served as a centre of excellence, bringing together leaders across various fields, from the social sector to corporations. The organizers of the award follow a rigorous procedure for shortlisting the entries for the finals. After the nominations were received, the documents were checked by KPMG and ranked by online jury. Following this, pre-final evaluations and final jury announcements take place.
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]]>The post KPMG and T&L to prepare Goa Tourism Master Plan appeared first on Core Sector Communique.
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July 22, 2014: The Department of Tourism, Government of Goa has announced the appointment of a consortium of KPMG Advisory Services Pvt. Ltd. and Tourism & Leisure Advisory Services Sl. (T&L) to prepare a 25-year tourism master plan for Goa.
Mr. Dilip Parulekar, Tourism Minister, Govt. of Goa, said “We are expecting best-in-class output from this consultancy assignment. The focus is to create an implementable Master Plan rather than blindly copy tourism products and strategies from other locations, which might not work in Goa. To do this, a key activity is to get inputs from all stakeholders including the general public. This will ensure that the Master Plan adequately considers the impact on the Goan economy as well as focuses on preserving the social, environmental and cultural fabric of the state”.
The plan is expected to lay down the framework for deciding which tourism products to focus on and identify the ‘right type of tourist’ for Goa. It will develop a vision for tourism in Goa over the short-term (5-year), medium-term (15-year) and long-term (25-year). This includes setting clear goals on elements such as number of tourists, average days spent and expenditure per tourist, contribution to Goa’ economy, job creation and entrepreneurship opportunities for Goans, and increasing environmentally sustainable tourism. A study of Goa’ tourist carrying capacity is proposed to provide guidance while quantifying the vision elements.
The Tourism Master Plan will suggest changes to each element of the tourist value chain. This includes direct tourist products/activities such as hotels, events, car rental etc. and indirect tourist products/activities such as food suppliers, furniture, handicraft suppliers etc. The tourist value chain is critically dependent on infrastructure enablers such as water, power, waste, communication, health and safety and specific recommendations on each element will be made.
Mr. Nikhil Desai, Director Tourism, Department of Tourism said, “Goa Tourism is going through exciting times. Our marketing and promotional activities are bearing fruit with significant growth being witnessed in both domestic and international tourist numbers. Our tourist product portfolio is evolving with several quality products and activities such as seaplane services and whitewater rafting being introduced. The Master Plan will set a framework for deciding which tourism products to focus on and recommend where in Goa to set them up. A key aim is to identify the ‘right type of tourist’ for Goa and develop a strategy to attract such tourists while ensuring sustainability.”
Special emphasis will be placed on cultural, heritage, eco-tourism, hinterland, wellness, MICE, wedding and adventure tourism in the plan. The consultants will also develop a Tourism policy and institutional framework. The tourism policy will include framework for resource allocation, investment , incentives and initiatives.
Inputs for the master plan will come from in-depth market survey of current and potential tourists, interactions with international and domestic tour operators, airlines and travel agents. A committee will be formed to monitor progress of the consultants on a regular basis. The time frame for drawing the plan is 38 weeks from the date of commencement and the consultants will be responsible for converting the master plan into executable projects.
KPMG is one of the world’s largest professional advisory services firms and is present in 155 countries. T&L is an international consulting firm specialized in the tourism and leisure sector and is headquartered in Spain.
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]]>The post SALLY CAPP JOINS BOARD OF COMMONWEALTH BUSINESS COUNCIL appeared first on Core Sector Communique.
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New Board member brings wide experience of international business
London, 21 May 2014: Sally Capp, an Australian lawyer who has held a number of senior positions in banking and government, has been appointed to the Board of the Commonwealth Business Council.
She was the Agent-General for Victoria in London for three years where she promoted economic opportunities to businesses in Europe and Israel to facilitate capital investment and job creation in Victoria. She returned to Australia in July 2013 to take up a role with KPMG.
“We are delighted that Sally has agreed to join the Board as she brings a wealth of experience in market development and investment,” said Lord Marland of Odstock, Chairman of the Board.
“I have a particular interest and experience in trade and investment, stakeholder engagement, working with governments, and taking strategy to implementation, all of which will be part of the work that as Director of the Commonwealth Business Council I will be involved with,” said Sally Capp. She added “I am really looking forward to working with the team and helping to grow the organisation’s presence in the region and globally.”
Sally Capp has joined the Board of the Commonwealth Business Council
About the Commonwealth Business Council
The Commonwealth Business Council CBC was founded in 1997 by the Commonwealth Heads of Government (CHOGM). It is a not for profit membership based company. It is funded and managed by the private sector and does not receive dedicated Government funding. The CBC was formed as a Company Limited by Guarantee and is governed by a Board of Directors appointed by the CBC Membership.
The CBC builds relationships between governments and business, developed and developing countries, large and small companies, private sector and public institutions. It provides its members with the means to directly influence outcomes through its unique access to governments and decision makers. It allows its members from across the Commonwealth to share best practices and experience and the organisations it is partnered with ensure that CBC is at the leading edge of discussion and understanding.
Further information is available at www.cbcglobal.org
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