BQP, a dual-use quantum-accelerated simulation software company, has raised an oversubscribed $4.9 million seed round to expand its unified digital twin platform, BQPhy®, for mission-critical industries, including aerospace, defense (A&D), and semiconductor. The raise follows a strategic collaboration with theAir Force Research Laboratory Aerospace Systems Directorate (AFRL/RQ) under a Cooperative Research and Development Agreement (CRADA) to accelerate mission-critical modeling and simulation capabilities with quantum computing.
“Our quantum-inspired solvers are setting a new benchmark in simulation technology, bridging today’s computational limits and the quantum-ready future,” said Abhishek Chopra, BQP’s Founder, CEO, and Chief Scientific Officer. “The traction we’re experiencing from AFRL/RQ and industry-leading design partners validates the immediate impact and substantial ROI our platform delivers today. We’re also making significant R&D progress in quantum-native solvers for Computational Fluid Dynamics (CFD) and Machine Learning (ML), paving the way for future simulation workload for the next generation of data centers where HPC and quantum computers operate side by side.”
The round was led by Monta Vista Capital, with participation from Empire State Development’s New York Ventures, New York State’s venture capital arm, Arc Ventures, Armory Square Ventures, Emergent Ventures, Alumni Ventures, Arka Venture Labs, Transpose Platform, Gainangels, and Pranatech Venture Capital. The round also saw participation from key angel investors and existing investors, including Paradigm Shift Capital and Griffiss Institute, as part of the Mojave Aerospace Accelerator Fund. Chopra added, “We’re grateful to those who believed in us and our vision! This funding enables us to accelerate the development of our quantum-powered digital twin framework with these design partners and further expand our footprint in A&D and semiconductor industries.”
Total funding raised by the company now stands at $6.6 million.“BQP directly tackles critical bottlenecks in the rapidly evolving $22 billion simulation industry, where conventional technologies have struggled to keep pace with innovation demands in sectors like Aerospace & Defense, Semiconductor, and Energy,” said Roger Krakoff, Partner at Monta Vista Capital. “Their quantum-powered framework is positioned to become foundational infrastructure in the simulation ecosystem.”
Built for hybrid architectures – CPUs, GPUs, and quantum computers – BQPhy’s current version relies on quantum-inspired solvers, enabling a 10X performance boost today on existing CPU/GPU. With their future quantum-native solvers, the customers can experience up to 1000X gains on forthcoming quantum computers.
In addition to the AFRL/RQ, BQP’s design partners include three major Aerospace and Defense companies, including the largest Tier-I Aerospace manufacturer, the Indian Ministry of Heavy Industries, ABB, and major aerospace players.
BQP’s solvers can be utilized independently or in a unification as a Digital Twin framework as part of its platform. BQP’s overarching vision is to make BQPhy “the BlackRock of the simulation world,” acting as the backend platform that seamlessly integrates into existing simulation workflows and software, as well as optimized for the hybrid computing architectures—CPUs, GPUs, and Quantum Computers—that define the future of data centers.
BQP is actively working with leading quantum ecosystem partners, including Intel, IBM, Classiq, Strangeworks, and members of the NORDTECH Hub. The company will also appear at AIAA Aviation in Las Vegas and ASME Fluids Engineering in July, where Chopra will speak on quantum applications in simulation.
ABOUT BQP
BQP (BosonQ Psi) is a quantum-first simulation company building the next generation of digital twin platforms for mission-critical applications. Headquartered in Syracuse, NY, with a technology hub in Bangalore, India, BQP supports faster, more efficient engineering decisions across aerospace, defense, semiconductors, and energy.
Its core platform, BQPhy, integrates into existing engineering workflows and runs on today’s infrastructure – no quantum hardware required. By combining probabilistic algorithms from quantum information science with proprietary solvers, BQPhy enables breakthroughs in optimization, machine learning, and physics-based (CFD) simulations.
BQP works closely with leading partners, including the Department of Defense, Air Force Research Laboratory, IBM, Intel, Moog, and IAI North America.
On July 17, OpenAI unveiled a new AI agent for its ChatGPT chatbot, enabling it to do intricate tasks online without human oversight as the Microsoft-backed business steps up its efforts to maintain its lead in the cutthroat AI market.
Users of ChatGPT’s Pro, Plus, and Team plans may now access the new feature, which integrates previous OpenAI products like Operator and Deep Research into a single system that can interact with websites, analyse data, and have conversations.
In a blog post, OpenAI stated that it had unlocked whole new potential by combining these complementary qualities. In the same chat, users can now effortlessly move from a straightforward discussion to making action requests.
The Tasks Agent can Handle
The agent may take care of things like placing an online clothing order for a certain occasion while accounting for variables like availability, dress code, and weather. According to OpenAI, it can also click, scroll, apply filters, and even verify login credentials.
With the help of a virtual computer with web access and the ability to connect to programs like Gmail and GitHub, the tool may safely retrieve and act upon personal data when the user gives permission. In the tech sector, artificial intelligence (AI) agents are becoming more popular as the next big thing after digital assistants.
To increase efficiency and reduce expenses, businesses such as Microsoft, Oracle, and Salesforce have been making significant investments in technology.
Prior to this, Deep Research focused on information synthesis and summarisation, whereas OpenAI’s Operator enabled ChatGPT to communicate with websites. However, each had its limitations. By integrating their capacities, the new agentic system is intended to overcome those.
Global AI Space a New Battle-Ground for Tech Firms
Following the release of ChatGPT Team and integration with Microsoft’s Copilot features in Office products, the launch is a part of OpenAI’s larger push into workplace technologies.
More features will be added in the upcoming months, according to OpenAI. Amazon hired the co-founders and some of the employees of the AI business Adept last June, while Microsoft signed a $650 million deal with Inflection AI in March 2024 to use the AI start-up’s models and hire its employees.
In June, Meta made the largest test to date of this growing type of corporate alliances by acquiring a 49% interest in Scale AI. These transactions do not need to be reviewed by US antitrust authorities, in contrast to acquisitions that would grant the buyer a controlling interest.
If the US authorities think the deal was set up to evade those standards or hurt competition, they could still investigate it. Since then, other transactions have been the focus of regulatory investigations.
In an effort to attract elite people in the competition to lead the next wave of AI, tech titans like Alphabet and Meta are aggressively pursuing high-profile acquisitions and offering multi-million dollar compensation packages.
How many times have you broken your pot to withdraw your savings from the piggy bank? If you’ve also done this, then you know the temptation to break the pot and take the money out. But this was a traditional method of saving. In this era, you can save whenever you spend. Want to know how? Then stay tuned with this article.
So many tactics we adopt in order to save our money for our future needs. Traditionally, we used to save our money in piggy banks. Whenever we have some extra pennies, we put that money in a piggy bank and wait until it is full. This way, we accumulate a handsome amount of money through small savings.
As mentioned, this is a traditional method, but today we have the privilege to use digital technology for saving as well. Now we can automate our savings without any extra hustle by leveraging the benefits of digital savings apps. These apps are designed to boost savings by contributing a small chunk of daily spending into gold or investing it into different portfolios, which, with large returns, yields a handsome profit.
What Are Digital Saving Apps?
Digital saving apps facilitate saving by leveraging AI and technology. These apps help you to save every single penny, and in addition to that, provide interest on it. You can create your goal for future spending and start saving for that goal now. Each day, when you see yourself going toward your goal will create a habit of saving in you and motivate you to continue further.
Top 12 Digital Saving Apps
There are many digital savings apps in the market, but the following are the best digital apps that you must try to make a profit.
Many of you are very much familiar with the word “Gullak”, as it is widely used by us for saving pennies and small amounts. Gullak is a goal-based saving app that helps to maintain consistency in saving and also to move towards your goal of saving. The amount we save in Gullak is invested in digital gold, which is 24k pure gold. This way, you can earn some interest on your savings through appreciation in the gold price.
Set your goal with as low as Rs 10 per day and automate the whole process of saving via the autopay facility. Currently, this app supports autopay from three UPI platforms like PhonePe, BHIM, and PayTM. You can adjust the contribution, pause, or revoke the autopay anytime.
The most influential feature of this app is saving on your spending. Whenever you spend your money digitally, it automatically rounds off the amount spent and invests in digital gold. For example, if you make a payment of Rs194, it rounds off the figure to the nearest 10 and invests the remaining amount of Rs6. This way, it accumulates a handsome amount of money by aggregating these small savings.
Features of Gullak
It invests in digital Gold provided by Augmont, where the buying and selling price is based on the wholesale market price.
Flexibility to change the duration of your goal, the amount of autopay, and the multiplier.
Automate your saving habit with Spenny, which is a spare change investment platform. The working of this app is similar to Gullak, but it has certain advantages. Whenever you spend money digitally, it accumulates your transaction data, and based on your transaction, it rounds up the figure to the nearest 10.
It holds all your rounded-up money in a cart and invests the whole amount into your desired investment option. There is a minimum threshold limit in the cart set by you, which means it invests your money when this threshold is met.
Let me clear one most common doubts, it doesn’t deduct the money to round up whenever you make any transaction. It accumulates the spare change in the cart and only deducts the money via autopay when it reaches the threshold limit decided by you.
Features of Spenny
There is no lock-in period, which means you can withdraw your money whenever you want.
It provides multiple investment options like Pennywise, mutual funds, and digital gold.
Fello
Rating
3.7/5
Best For
Gaming Enthusiast
Daily Savings App – Fello
Fello is a game-based digital saving app that enriches the saving experience with the fun and joy of built-in games. It offers two investment options to save money: fellow flo and digital gold. Users can opt for any of these two options to grow their savings and earn some interest. Digital gold of Fello is provided by Augmont, which is a government, BIS, and NABL-accredited Gold provider.
Apart from saving and investing in Gold and Fello Flo, Users can play exciting games and win rewards. This app provides a token for every single rupee you save, and you can use those tokens to play games. Also, every Rs500 of weekly savings makes you eligible to win a tombola ticket. A Tambola ticket is like a lucky draw coupon where you win a reward if your ticket number matches the leaderboard number. Every Friday at 6 PM, they announce the draw number.
Features of Fello
10% fixed return if you choose Fello Flo, which is a decent return compared to other fixed investment options available. This return may change anytime.
Along with the Fello Flo, the Digital Gold investment option is also available from a trusted provider, Augmont.
Win a Fello token every time you save some bucks, and use these tokens to play games.
Money Saving Apps
Wizely
Rating
4.2/5
Best For
Saving and future Plans
Digital Piggy Bank App – Wizely
Wizely is a savings app to improve your financial discipline and make sure you never run out of money at the end of the month. This app comes with many exciting features and gives a reward whenever you take one step forward toward your goal. There are some saving plans already created, like an emergency plan, safety plan, and growth plan, or you can create your custom plan and start saving.
The funds are automatically saved in the form of digital gold to earn some interest. Whenever you save some money and fulfil the challenges, it will provide you with a wellness score and a scratch card. The reward earned through scratch cards can easily be transferred directly to the bank account through UPI. Wizely Wednesday is another exciting reward contest to win rewards up to Rs 25 lakh. Your savings are in autopilot mode with Wizely, and it will also track your spending and all the transactions in one place.
Features of wisely
Budget creation and monitoring of the expenditure to build financial discipline.
Save more and take on challenges to win scratch cards and earn monetary rewards.
Expense categorization to prevent you from overspending.
Fi money
Rating
4.5/5
Best For
Working professionals
Best Money Saving Apps India – Fi Money
Fi Money is a one-stop solution for accounts, savings, investment, UPI, and lending. It is a neobank with a partnership with a federal bank that provides an enhanced banking experience to its customers. It is loaded with all the basic facilities of a traditional bank, with no minimum balance requirements and zero forex charges. RBI-approved Fi money insures your money up to Rs 5 lakh. Smart deposit is the piggy bank of this app to save money for your goals.
It allows you to save money for your vacations, a new house, a car, and many more. With the benefit of saving, it gives an interest of 5.45% on the amount you save. If you want to earn some extra interest of 5.95%, then you can simply switch to fixed deposits with the convenience of your smartphone. For better convenience and transparency, it connects all your bank accounts to its platform so that you can view all your transactions and bank balances in one place.
Features of Fi money
Multiple saving and investment options are available to choose from, based on your saving goal.
The Fi jump feature to earn a fixed interest of 9% every year and see your investment grow every day. Also, withdraw your investment anytime to your account.
Have a collection of direct and commission-free mutual funds to invest in.
Jar is a digital Gullak to save your hard-earned money into 24K digital gold. Just like you put pennies into your traditional Gullak, you can put spare change into a jar. This spare change is automatically debited from your account via UPI mandate. Jar is the best app for saving money in India digitally.
Whenever you make any digital transaction, Jar rounds up the value to the nearest 10 and invests the remaining spare change into your digital goal. SafeGold is the digital gold provider of Jar, which enables investing in digital gold to be feasible. One can easily withdraw the investment at any time with a single click. Jar also provides real-time updates on Gold prices through the chart. Also, there is a spin reward awarded to you whenever you save some money in it.
Features of Jar
You can choose to withdraw your savings either into a bank account or in the form of physical gold, which will be directly delivered to your home.
There is no lock-in period and minimum amount for withdrawal.
Seamlessly automate your savings via autopay and pause or revoke it anytime.
Jupiter
Rating
4.4/5
Best For
Expense tracking and management
Best Saving App in India – Jupiter
Jupiter is a federal bank-backed digital asset management platform that is loaded with banking facilities, investments, debit and credit card management, savings, and transaction tracking. Jupiter offers savings pots to save for future purchases. This pot lets you be aware of your savings for your goal and keeps you disciplined. Apart from saving, you can also make investments in direct mutual funds with no commission. These are no-penalty mutual funds, which means you don’t need to pay any penalty for SIP default.
A zero balance account with no forex charge is another notable feature of this app. Just like Fi money, you can configure your bank accounts and see all your transactions and bank balances at one single interface. It provides a Jupiter debit card with no annual maintenance charge. Earn a reward of 1% whenever you make a purchase using this card, also freeze and sleep the card with a single tap.
Features of Jupiter
Categorized insight into all the expenditures made through any of your bank accounts.
Intuitive interface to manage everything at a glance.
Get a 1% reward not only on debit card transactions but also on purchases through UPI.
Deciml is the next app on our list of digital portfolios. Like other saving apps we discussed so far, this also has the functionality to save your spare change and invest in a fixed return instrument. This supports all debit cards, credit cards, UPI, net banking, and ATM transactions to accumulate spare change.
While other apps invest your spare change in digital gold or mutual funds, this app invests your money into Lendbox. Lendbox is a P2P investment platform certified by the RBI. It invests your money into a diversified portfolio to earn interest on your savings. Deciml is currently working on implementing mutual funds and crypto in its investment portfolio. It’s a piggy bank app in India that supports all credit cards and helps you save money.
Features of Deciml
The main feature of Deciml, which differentiates it from Jar and Gulllak, is that it invests your spare change on a daily basis. It doesn’t wait to reach a certain amount to invest.
Offers return up to 10%, which is approximately 3X the savings account return, and 2.5X the FD return.
Cred
Rating
4.7/5
Best For
Credit card users
Best Money Saving Apps in India Digitally – Cred
Cred is a credit card management app that delivers amazing credit card-related services that eventually help you save a lot of money. The use of Credit cards is now very common among people, also most people tend to hold more than one credit card at a time. Credit cards come with a lot of benefits, only if you use them in a disciplined manner, and here Cred plays an exceptional role.
It helps in the timely payment of your credit card dues by reminding you of the due date. You can monitor all your credit cards in one place, their spending, EMIs, outstanding amount, and many more things. Apart from making you disciplined in credit card use, it also showcases the hidden charges associated with these cards.
It offers free credit scores to you from top credit rating agencies like Experian and CRIF. Cred allows you to become a member if you fulfil certain eligibility criteria. It checks your credit score when you apply for membership and approves you as a member if your credit score falls above the eligible score.
Features of Cred
Whenever you make a credit card bill payment through this app, it will reward you the Cred coins by which you can use to unlock exclusive rewards.
Since your Credit score depends on your credit behaviour, this app uses AI to provide you with the statistics of your spending patterns and usage.
Multiple credit card management facilities in one app, now there is no need to download separate apps for all your cards.
YNAB (You Need a Budget) is an app that acts as your personal finance manager that taking care of all your finances. It helps to manage all your finances in one place and also to make smart financial decisions. Integrate all your bank accounts in one place and see all your finances.
The goal-tracking feature will help you to track your progress at a glance. This app doesn’t allow you to save money on it, but it helps in different aspects of saving. Smart categorization of your expenses will help you monitor your expenses at the top.
Features of YNAB
Target setting for your goal to achieve it even faster.
Adjust your spending and move the money from one category to another seamlessly.
Easy monitoring of spending, goal progress, and budget.
Digit is an AI-powered savings app that automatically analyzes your spending habits and moves small amounts of money into savings without you noticing. It helps you save for multiple goals like emergency funds, vacations, or debt repayment. The app removes the need for manual budgeting or transfers, making it ideal for people who want a hands-off approach to saving. Digit also offers features like overdraft prevention and investment options. It’s especially useful for users who struggle with consistent saving habits.
Features of Digit
Digit analyzes your income and spending habits to save small, safe amounts daily without manual input.
You can create multiple savings goals like travel, emergency funds, or debt repayment, and Digit allocates funds accordingly.
Digit monitors your bank balance and transfers money back if needed to help you avoid overdraft fees.
Cash Karo
Rating
4.2/5
Best For
Cashback and Coupons on Shopping
Best Digital Money Saving App – CashKaro
CashKaro is a cashback and coupons platform that helps users save money on online shopping. When you shop through CashKaro’s partner links, you earn real cashback on purchases from sites like Amazon, Flipkart, Myntra, and more. The cashback can be transferred to your bank account or redeemed as gift cards. It also offers exclusive deals and coupons to boost your savings. Ideal for regular online shoppers who want extra value on every purchase.
Features of CashKaro
You earn cashback when you shop on popular sites like Amazon and Flipkart through CashKaro.
It gives you exclusive coupon codes to save more money.
You can refer friends and earn extra cashback from their purchases.
Saving and investing for a future goal is the best thing you can start today, and these digital savings apps will help you in your journey. Today, we have a plethora of investment and saving options to choose from. You need to choose the right option that best suits your goals and requirements. Don’t think too much, just create your goal and start saving by choosing the best-saving App from the list we have provided.
FAQs
What are the benefits of Digital savings apps?
Digital savings apps can make the process of saving money easier over time. You can fill your piggy bank automatically so that savings goals can be met without stress, and it also helps you on tough days by automatically saving for you as you are spending. Some apps are programmed to make payments rounded off to the nearest whole number and save away the “change” you would receive if the transaction were done in cash.
Why is saving important?
Saving provides a financial “backstop” and provides financial security and freedom, and it also secures you in case any financial emergency arises. One can avoid debt, pay off loans, live their dream life, and avoid further debt if they have saved a sufficient amount.
Which are the apps like Jar?
Some of the apps like Jar
Gullak
Cred
Spenny
Fello
Wizely
Fi Money
Jupiter
YNAB
Deciml
Which is better in Gullak vs Jar?
Gullak and Jar are both digital savings apps that help you save money easily, but they work a bit differently. Gullak focuses on automating small savings by rounding off your daily expenses and putting the extra change aside, making saving effortless. Jar, on the other hand, also saves your spare change but invests it directly into digital gold, helping your savings grow with potential returns. So, if you want simple, automatic saving, Gullak is great. But if you want to invest your small savings in gold, Jar is a better choice.
On 17 July 2025, India’s startup ecosystem saw fresh funding across sectors like health food, robotics, packaging, and AI. At the same time, major companies like Airtel, Flipkart, and Jupiter announced key product and business updates. Here’s a roundup of all the top funding deals and key business news from the day.
Daily Indian Startup Funding Digest: 17 July 2025
Startup
Amount (₹ / US$)
Stage
Lead Investor(s)
Sector
LO! Foods
₹29.75 cr (~$3.5 m)
Series B
Rainmatter Health & Capital Code
Functional Food / Health‑Tech
DCG Tech
₹15 cr
Pre‑Series A
GVFL Ltd (₹10 cr), Auxano Capital, promoters
B2B Packaging & Procurement
ParkoBot
₹2.09 cr
Seed
Inflection Point Ventures (IPV) + angel investors
IoT/Robotics – Smart Parking
Onetab.ai
Undisclosed
Bridge / Follow‑on
Hyperscope Limited Fund, Elrise (Singapore)
AI Agent – SDLC Productivity
Zetwerk
₹75 cr debt (~$8.8 m)
Debt Financing
JM Financial
B2B Manufacturing Marketplace
LO! Foods – $3.5 Million in Series B
Bengaluru-based LO! Foods has raised $3.5 million (approx ₹29.75 cr) in a Series B round, led by Rainmatter Health (Zerodha’s health initiative) and Singapore‑based Capital Code, with participation from Mount Judy Ventures, ICE.vc, KPB Ventures, among others. The funds will support warehousing expansion, backend tech upgrades, pilot offline stores in Bengaluru, and brand‑building efforts.
DCG Tech – INR 15 Crore in Pre‑Series A
DCG Tech, a B2B packaging, warehousing and procurement platform, has secured INR 15 crore in a pre‑Series A raise. GVFL Ltd invested INR 10 crore, with participation from Auxano Capital and the company’s promoters. The funds will accelerate growth, enhance platform capabilities, and support international expansion.
ParkoBot – INR 2.09 Crore Seed Round
IoT‑based smart parking startup ParkoBot has raised INR 2.09 crore in a seed funding round, led by Inflection Point Ventures (IPV), with further backing from high‑net‑worth individuals. The capital will be used to strengthen infrastructure, expand to new cities, bolster backend systems, and diversify offerings.
Onetab.ai – Undisclosed Bridge Round
Onetab.ai, India’s first SDLC‑focused AI agent, has raised an undisclosed bridge/follow‑on round from Hyperscope Limited Fund and Singapore’s Elrise, following its initial $3.3 million seed round. The funds will help further R&D for its Onetab AI Agent, which automates workflow in software development.
Zetwerk – Debt Financing
Manufacturing unicorn Zetwerk has raised INR 75 crore ( $8.8 million) via non‑convertible debentures issued to JM Financial, as per filings with the Registrar of Companies. The debt is intended to support working capital and supply‑chain scaling as the company moves toward its upcoming IPO.
Key News Highlights for 17 July 2025
Smartworks Lists at 7% Premium Over IPO Price
Managed office space provider Smartworks made its stock market debut with a 7% premium over its IPO issue price. The strong listing reflects investor confidence in the flexible workspace sector. With this move, Smartworks becomes one of the few office solutions providers to go public in India, tapping into the growing demand from enterprise clients and startups.
Jupiter Money Receives IRDAI Nod to Enter Insurance Distribution
Neobank Jupiter Money has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a corporate agent for insurance distribution. This licence enables Jupiter to offer insurance products directly through its platform via partnerships with registered insurers. The move expands Jupiter’s financial services suite and aligns with its goal of becoming a comprehensive personal finance platform.
Flipkart Launches ‘Advertise Now, Pay Later’ for MSME Sellers
E-commerce platform Flipkart has rolled out a new initiative called ‘Advertise Now, Pay Later’, aimed at improving access to advertising for small and medium-sized sellers. The feature allows sellers to launch ad campaigns on Flipkart without upfront payments and pay later, based on their sales cycle. This initiative is expected to boost visibility and growth for thousands of MSME sellers on the platform.
Ullu Ventures into Web3 with Launch of UlluCoin
OTT content platform Ullu has forayed into the Web3 space by launching its own blockchain-based token, UlluCoin. The new token will be used to reward both content creators and viewers, aiming to decentralise the content monetisation process. Through UlluCoin, the company plans to build a participative digital ecosystem where users can earn and engage directly with content on-chain.
Airtel Offers Free INR 17,000 Perplexity Pro Subscription Across 360 Million Users
Bharti Airtel has partnered with Perplexity AI to provide a free 12-month Perplexity Pro subscription, valued at INR 17,000, to its entire customer base (approximately 360 million users across mobile, fixed broadband, and DTH). The premium plan includes features such as unlimited Pro searches, access to AI models like GPT‑4.1 and Claude, image generation, file uploads, Perplexity Labs, and more. The offer can be redeemed via the Airtel Thanks app.
In today’s fast-paced digital world, marketing a franchise isn’t just about posters, flyers, or word of mouth; it’s about smart strategy. And that’s where AI tools like ChatGPT step in. Whether you run a food franchise, a gym, or a retail chain, AI can help you reach the right audience faster, more cost-effectively, and more intelligently.
From generating engaging social media posts to writing ad copy, emails, and blog content, ChatGPT acts like a 24/7 content creator, strategist, and support system rolled into one. You no longer need a full marketing team to look professional. If you’re a franchise owner looking to save time, cut costs, and grow faster, here’s how AI can give your marketing a serious upgrade.
The use of chatbots and artificial intelligence is transforming the way companies create and communicate. It’s not just about answering questions anymore; it’s about creating original content.
From writing social media posts and blogs to designing visuals and even generating video scripts, generative AI tools can automate and personalize marketing like never before. Tools like ChatGPT (text-based) and DALL·E (image-based), both developed by OpenAI, are leading this revolution.
ChatGPT is an AI-powered assistant that uses natural language to help you with content creation, customer engagement, and marketing planning, all through simple prompts.
To get started:
Define your goals: Are you creating ads, emails, blogs, or social media posts?
Know your audience: Tailor prompts based on your customer’s needs, location, or pain points.
Give clear prompts: Be specific. Instead of “write a post,” try “write a festive Instagram caption for a bakery in Mumbai.”
8 Powerful Ways to Use ChatGPT for Your Franchise Marketing
8 Powerful Ways to Use ChatGPT for Your Franchise Marketing
Let’s explore 8 practical ways you can use ChatGPT to grow your franchise faster.
Social Media Marketing
Tired of struggling with what to post next? AI like ChatGPT can be your creative partner, helping you brainstorm campaigns, write catchy captions, and stay on trend without burning out. It saves you hours of effort while keeping your content fresh, fun, and engaging.
How ChatGPT Can Power Up Your Social Media Game?
Gamify Your Audience Engagement: “Design a points-based loyalty system for followers with levels, badges, and exclusive perks tied to likes, comments, and shares.”
Behind-the-Scenes Series: “Plan a YouTube document-series that showcases your team culture, product creation process, and real customer stories, authentic and binge-worthy.”
X Post Strategy: “Build a plan for live audio sessions, Q&As, product drops, expert talks—plus ideas to promote and repurpose them as reels, blogs, or podcasts.”
Social Media Scavenger Hunt: “Create a fun challenge that drives traffic across all platforms with clues, prizes, and lead collection tied to user participation.”
User-Generated Content Campaign: “Launch a UGC challenge inviting customers to creatively showcase your product. Include reward ideas, content curation plans, and promotion tips.”
Power Up Your Email Marketing
Tired of boring emails getting ignored? ChatGPT can breathe life into your email campaigns. From crafting eye-catching subject lines to writing personalized messages, it helps you connect better and convert faster.
What can you do with it?
Write engaging subject lines that boost open rates
Personalize emails using customer segments
Create welcome emails, offers, and follow-ups in seconds
Try prompts like:
“Give me 3 catchy subject lines for a monsoon sale on skincare products.”
“Suggest email segments for a gym franchise based on user activity.”
Want your franchise to show up on Google? ChatGPT can help you boost your search visibility by simplifying keyword research and on-page optimization.
Here’s how:
Keyword Ideas: Ask ChatGPT for product/service-related keywords, including long-tail ones to target niche searches.
LSI Keywords: Get related terms to boost content relevance and help search engines understand your page better.
FAQs & Snippets: Generating commonly searched questions to create FAQ sections or blog posts is among the best practices for ranking in Google’s featured snippets.
Use ChatGPT’s suggestions as a base, then validate keywords using tools like Google Keyword Planner or Ubersuggest.
Lead Generation
ChatGPT isn’t just a conversation tool; it’s a lead magnet. Its natural language capabilities allow it to interact with website visitors, answer questions, and simultaneously collect valuable data for lead generation and nurturing.
Here’s how you can put it to work:
AI Chatbots: Deploy ChatGPT-powered bots on your website or social media to engage visitors, offer product guidance, and capture leads by collecting contact details and preferences.
Lead Scoring: Use ChatGPT to analyse interactions and assign lead scores based on user intent, behaviour, or custom criteria, helping you focus on high-potential prospects.
Personalized Emails: ChatGPT can generate data-driven, hyper-personalized email campaigns tailored to a user’s behaviour, boosting open rates and conversions.
AI tools like ChatGPT can be your go-to content assistant. Whether you need blog ideas, video scripts, social media posts, or product descriptions, it delivers fast, creative, and tailored content.
Here’s how you can use it effectively:
Blog Ideas: “Give me 10 blog topics on [your franchise industry]”
Video Scripts: “Outline a YouTube video about [your service]”
Ad Copy/Product Descriptions: “Write a catchy headline for my [offer/product]”
It’s great for overcoming writer’s block and scaling up content creation, but always review and personalize AI-generated text with your unique voice and experience.
Use the 3 C’s to craft better prompts:
Clarity: Be specific in what you’re asking
Context: Share background or goals
Constraints: Set tone, format, or word limits
Customer Support Chatbot
ChatGPT can act as your franchise’s 24/7 virtual support agent, responding to customer queries anytime, anywhere.
Here’s how it helps:
Automated Chatbots: Instantly handle routine questions like order tracking, service availability, or pricing.
Self-Service Support: Guide customers to FAQs, tutorials, or troubleshooting steps without human intervention.
Multi-Language Assistance: Break language barriers and support a global customer base with AI that understands multiple languages.
By automating basic support, ChatGPT saves time, cuts costs, and lets your team focus on high-priority, complex customer needs, boosting overall satisfaction and efficiency.
Understanding your market is key to growing any franchise, and ChatGPT makes that faster and easier.
Instead of spending hours digging through reports or customer reviews, you can use ChatGPT to:
Summarize market trends and competitor strategies
Analyse customer feedback from surveys or reviews
Spot emerging patterns based on historical data
Prompts to Power Your Research:
Trend Spotting: “Summarise 3 emerging food trends in India relevant to QSR franchises.”
Competitor Breakdown: “Give a SWOT analysis of [competitor name] based on online reviews and news.”
Customer Insight Mapping: “Segment our audience based on past purchases and suggest campaigns for each group.”
Digital Behaviour Tracking: “Analyse how Gen Z engages with fitness content on Instagram and YouTube.”
Create Training & Onboarding Materials for Your Team
Franchise marketing isn’t just about attracting customers; it’s also about ensuring your staff delivers a consistent brand experience. That starts with clear training and onboarding.
With ChatGPT, you can quickly create:
Ready-to-use sales scripts and greeting templates
SOPs for events, promotions, or seasonal offers
Simple guides to help staff manage social media or customer queries
This not only saves time but also ensures every team member, from new hires to seasoned staff, understands your brand voice and marketing goals.
Conclusion
ChatGPT is a powerful ally for franchise marketers, offering speed, convenience, and creative support across content creation, customer engagement, and market research. It can help you brainstorm campaigns, draft social media posts, write ad copy, and even create staff training material, all while saving time and effort. However, it’s important to remember that AI is a tool, not a replacement for strategic thinking.
ChatGPT can streamline franchise marketing by generating content like social media posts, email campaigns, ad copy, blog articles, and training materials.
Can ChatGPT write email marketing campaigns for my franchise?
Yes, ChatGPT can craft email subject lines, personalized content, offers, and follow-up messages for different customer segments.
Can AI tools like ChatGPT generate leads for my business?
Absolutely. ChatGPT can power AI chatbots to engage website visitors, collect contact details, answer queries, and even score leads based on user behavior to help you focus on high-potential prospects.
Can ChatGPT help with market research for my franchise?
ChatGPT can quickly analyze market trends, summarize competitor strategies, review customer feedback, and segment audiences. It makes research and decision-making faster and more informed.
According to reports, the government will examine Dixon Technologies’ recent deals with Chongqing Yuhai and Kunshan Q Technology, two Chinese electronics companies, as well as other domestic electronics manufacturers.
According to a media agency, an official told them that when their application falls under Press Note 3 regulations, proper process would be followed. According to Press Note 3 regulations, foreign investments from nations that share a land border with India—such as China, Afghanistan, Pakistan, Nepal, Bhutan, Bangladesh, and Myanmar—must have government clearance.
Dixon Signing Agreement with Chinese Firms
Dixon reportedly signed contracts with two Chinese electronics component companies, Chongqing Yuhai Precision Manufacturing and the Indian branch of Kunshan Q Technology, just two days ago.
The agreements cover the production and distribution of electronic components used in various electronic devices, including laptops and mobile phones. According to the agency, Dixon intends to form a joint venture with Chongqing Yuhai to manufacture and supply precision components for laptops, mobile phones, the Internet of Things, automobiles, and other products.
Dixon is expected to own 74% of the JV, with Chongqing owning the remaining shares. Dixon also inked a legally binding agreement with Kunshan Q Tech Microelectronics India (often referred to as Q Tech India) and its shareholders, Kunshan Q Technology International and Q Technology Singapore, for the proposed purchase of a combined 51% stake in Q Tech India.
Dixon also waited for the Indian government’s consent more than a month ago before pursuing a cooperation with China’s HKC for its display module manufacturing facility.
Foxconn Already Replaced Chinese Engineers with US and Taiwan Specialists
The multinational electronics powerhouse Foxconn has already devised a different strategy to save its iPhone 17 production in India by bringing in specialists primarily from Taiwan and the US.
This development comes a day after it was revealed that Beijing had “forced” Foxconn Technology Group to return its Chinese engineers and technicians from its Tamil Nadu plant. Recalling workers is perceived as a tactic to thwart Western IT companies’ attempts to move their manufacturing out of China.
Additionally, it is perceived as an extension of the diplomatic dispute between China and India. The export of essential machinery needed to upgrade assembly lines to produce the iPhone 17, which is anticipated to be released by September of this year, was already being restricted by Chinese officials.
As anticipated, a media article stated that Foxconn already had a strategy to hire engineers primarily from the US and Taiwan. Furthermore, the problem only relates to the upcoming debut of the new iPhone 17 series.
For earlier versions, Indian technicians are already in charge. The replacement of the Chinese experts might take up to two months. The Ministry of Electronics and Information Technology (Meity), according to the report, stated that Foxconn and Apple have been aware of the potential loss of Chinese engineers for the past four to five months.
The import of essential equipment can still be an issue even if technicians are replaced. The iPhone 17’s price may rise as a result. However, according to industry experts, the average compensation for a US expert is approximately six times that of a Taiwanese expert.
Further, the average compensation for a Taiwanese expert is approximately 50–60% higher than that of a Chinese engineer. This could result in an increase in the production costs for the company.
In startups where innovation and agility are prioritized, critical aspects like data security and business continuity often take a backseat. Many young companies assume that server failures or data breaches won’t affect them until disaster strikes. Unfortunately, without a robust server backup and recovery strategy, startups can risk losing invaluable data, facing costly downtime, and damaging their reputation.
Data loss can occur for various reasons, including hardware malfunctions, cyberattacks, human error, or even natural disasters. For startups operating on lean budgets, recovering from such incidents can be financially devastating. Hence, implementing a reliable backup and recovery plan can ensure business resilience. This allows companies to backup and restore operations swiftly and minimize disruptions.
Read on to learn why startups shouldn’t ignore server backup and recovery.
The Growing Importance of Data Protection for Startups
Startups can handle sensitive information, from customer details to proprietary business data. Losing critical information from the data center can lead to legal repercussions, loss of trust, and operational paralysis. Unlike large enterprises with dedicated IT teams, startups typically lack the resources to recover lost data independently.
Therefore, investing in a well-structured server backup and recovery solution would be an excellent idea as it provides an automated, secure way to safeguard critical files. By storing full backups in offsite or cloud-based technology solutions, businesses can ensure data remains accessible even if primary servers fail.
Common Causes of Data Loss in Startups
Data loss can cripple a startup, leading to financial losses and reputational damage. Some common causes include:
1. Cyberattacks and Ransomware
Cybercriminals frequently target small businesses, knowing they typically have weaker security measures. For instance, ransomware attacks encrypt data and demand payment for its release. Without full or incremental backups, startups can face an impossible choice: pay the ransom or lose their data permanently.
2. Hardware Failures
Servers and local storage devices can have a finite lifespan. Sudden crashes or corruption can erase years of work in seconds. As such, regular backups can mitigate this risk by providing redundant copies of essential files.
3. Human Error
Even the most careful employees make mistakes—deleting crucial files, entering incorrect data, or misconfiguring systems. Automated versioned backups act as a safety net, allowing instant restoration of previous file states. This eliminates productivity losses from accidental changes while maintaining data integrity across all business operations.
4. Natural Disasters and Physical Damage
On-premise servers remain vulnerable to environmental threats like fires, floods, or electrical surges that can wipe out local data. Cloud backups can provide immunity by replicating information across multiple secure locations. This geographic distribution ensures business continuity regardless of physical damage to any single facility or hardware component.
Key Benefits of Server Backup and Recovery for Startups
For startups, data is a critical asset. Server backup and recovery solutions offer several key benefits. These include:
1. Minimized Downtime
For startups, operational efficiency is crucial as every minute of server downtime means lost revenue, delayed projects, and frustrated customers. A robust server backup and recovery system can ensure rapid data restoration, minimizing disruptions.
Whether facing cyberattacks, hardware failures, or accidental deletions, businesses with reliable backups can resume operations swiftly. This agility can help preserve productivity and maintain customer satisfaction, preventing long-term damage to the company’s reputation.
2. Regulatory Compliance
Startups handling sensitive data must comply with industry-specific regulations. Healthcare providers (HIPAA), financial services (PCI-DSS), and businesses managing EU customer data (GDPR) are legally required to implement secure solutions for backup server infrastructure. Failure to comply can result in hefty fines, legal penalties, and loss of operating licenses.
Proper server backup and recovery can ensure data integrity, audit readiness, and adherence to mandatory security protocols, safeguarding the business from legal repercussions.
3. Cost Savings
Data loss can be financially devastating, especially for startups with limited budgets. Without backups, recovering lost files typically requires expensive forensic experts or data retrieval services, with no guarantee of success. Proactive server backup and recovery solutions are a cost-effective alternative, eliminating the need for emergency recovery expenses.
By investing in automated, scalable backups, startups can avoid unpredictable costs and allocate resources more efficiently toward growth initiatives.
4. Enhanced Customer Trust
In an era of frequent data breaches, customers can prioritize security when choosing service providers. Startups that commit to protecting client data through server backup and recovery measures can build stronger trust and credibility.
Reliable backups ensure that sensitive information remains secure, even during disruptions. This transparency can foster long-term customer loyalty, setting the business apart from competitors who neglect data protection best practices.
Best Practices for Implementing Server Backup and Recovery
For startups, simply having a backup system isn’t enough as proper implementation is key. Following best practices ensures critical data remains secure, accessible, and recoverable. These include:
1. Automate Backup Processes
Relying on manual backups creates gaps in data protection due to human forgetfulness or errors. Automated backup systems eliminate this risk by performing scheduled, consistent backups without requiring staff attention. This ensures all critical business data, from customer records to financial transactions, remains protected around the clock, even during rapid growth periods or staff transitions.
2. Follow the 3-2-1 Backup Rule
The 3-2-1 methodology provides optimal data resilience: three total copies (primary + two backups) on two separate storage types (like cloud + external drives), with one geographically isolated copy. This approach guards against simultaneous loss from hardware failures, onsite disasters, or cyberattacks, giving startups multiple recovery options when crises occur.
3. Test Recovery Procedures Regularly
Successful backup systems require verification through simulated disaster scenarios. Quarterly recovery tests should confirm that backups are complete, uncorrupted, and can be restored within acceptable timeframes. Documenting these drills helps refine procedures and ensures IT teams can execute real recoveries efficiently when urgent situations demand immediate action.
4. Encrypt Backup Data
Backup files containing sensitive customer or business data present attractive targets for cybercriminals. Implementing AES-256 encryption or similar standards protects information in transit and at rest. This security measure maintains confidentiality while meeting compliance requirements, preventing devastating breaches even if backup media falls into unauthorized hands.
Conclusion
For startups, not investing in backup server and recovery is a gamble they can’t afford. Data loss can cripple operations, erode customer confidence, and lead to financial ruin. By keeping the information mentioned above in mind, startups can safeguard their future. Investing in a reliable backup solution today can ensure business continuity tomorrow, allowing companies to focus on growth rather than damage control.
According to reports, the Maharashtra transport department has filed a lawsuit against bike taxi platforms for operating unlawfully in the Mumbai metropolitan area. The Maharashtra transport department reported to a news source that 123 bike taxi drivers operating in the area were the subject of complaints filed by regional transport offices (RTOs).
Out of this, 76 two-wheelers were seized in accordance with the Motor Vehicles Rules provisions. Twenty flying squads of RTOs from Mumbai, Thane, Vasai, Vashi, and Panvel carried out the activity during a drive.
The department allegedly claimed in a statement that the ride-hailing services that were the target of the action were operating unlawfully and without official approval.
According to the government, the inquiry showed that there were app-based bike taxi businesses operating all throughout the city. In addition to costing the government money, this also made passengers more concerned about their safety.
Transport Department Receives Numerous Complaints
Numerous complaints about the unlawful operation of bike taxis in the city are said to have prompted the crackdown. This almost immediately follows the release of a government resolution by the Maharashtra government that emphasised new regulations to control online aggregators and bike taxi companies in the state under the Motor Vehicles Act, 1988.
To provide such services, the Act requires the appropriate permits. This comes weeks after Pratap Sarnaik, the transport minister for Maharashtra, pretended to be a driver and discovered obvious flaws in the way the city of Mumbai’s bike taxi ban was being implemented.
According to reports, Sarnaik used Rapido to reserve a bike taxi in order to confirm a senior official’s assertion that the app and illicit bike taxi services were not working. Nevertheless, over the past two years, bike taxis have been prohibited throughout Maharashtra. The state government outlawed these services in January 2023 and instructed aggregators to apply for an operating licence.
Tug of War Between Maharashtra Government and Ride Hailing Platforms
The ride-hailing app Rapido recently applied for a licence to provide bike taxi services in the state from the local transport authority but was turned down. It then filed a challenge to the notification with the Bombay High Court (HC).
The company was ordered to cease its bike taxi services for operating without a licence by the HC, which also denied the petition. The state’s bike taxi policy has been in uncertainty ever since.
In the meantime, ride-hailing platform taxi drivers in Mumbai are still demonstrating in favour of quicker aggregator policy implementation and pay parity with traditional taxi drivers.
In today’s competitive business landscape, efficient time management and workforce oversight have become crucial pillars for success, especially in large companies. Implementing a reliable TimeCamp time tracking solution not only helps businesses optimize their resources but also enhances employee accountability without sacrificing trust. TimeCamp is more than just a software—it’s an innovative platform designed to seamlessly integrate employee monitoring with productivity tracking to create a healthier, more transparent work environment.
Business owners often hesitate when considering employee monitoring tools, fearing that they might disrupt workplace morale. However, modern solutions like employee monitoring tool focus on constructive insights rather than invasive oversight. By providing detailed data on how work hours are spent, companies can uncover inefficiencies, improve project management, and foster a culture of mutual respect and productivity.
The Role of Employee Monitoring Tools in Enhancing Efficiency
Employee monitoring tools have evolved far beyond simple tracking of hours worked. These systems now provide nuanced analytics that help managers understand how teams allocate their time and identify bottlenecks that may be hampering performance. TimeCamp, as an advanced employee monitoring tool, tracks computer activity, project timelines, and task completion rates while ensuring that employee privacy is respected. This data allows businesses to measure performance based on objective metrics rather than assumptions.
For large organizations managing hundreds or thousands of employees, the benefits of such a tool are even more pronounced. Manual time tracking can be prone to errors and manipulation, leading to inaccurate payroll and wasted resources. TimeCamp automates time logging and integrates seamlessly with popular project management tools, eliminating these issues and providing a centralized dashboard for real-time insights. This level of automation is essential for big companies where human error in time management can quickly escalate into significant financial losses.
Moreover, with remote work becoming a norm in many sectors, employee monitoring tools help bridge the gap between distributed teams and central management. TimeCamp’s tracking capabilities offer transparent, real-time monitoring without micro-managing, allowing managers to keep a pulse on productivity regardless of physical location.
Improving Employee Accountability Without Compromising Trust
One of the biggest concerns with employee monitoring is the potential impact on workplace trust. However, TimeCamp’s approach is transparent and empowering. When employees know their work patterns are being tracked fairly and the data is used to support their productivity and development, they tend to feel more motivated. This shifts the narrative from surveillance to collaboration.
Furthermore, the way TimeCamp presents data encourages a positive feedback loop. Employees can access detailed reports about their work habits, helping them identify peak productivity periods and common distractions. Such self-awareness can promote healthier work habits, reduce burnout, and improve overall job satisfaction.
This approach is particularly beneficial in remote or hybrid environments where managers cannot physically oversee teams. By focusing on outcomes and time utilization instead of monitoring every minute, TimeCamp helps create a culture of trust where accountability is driven by performance rather than fear of surveillance.
How Time Tracking Drives Project Success in Large Companies
Complex projects in large companies often involve multiple teams, strict deadlines, and substantial budgets. Keeping these projects on track requires clear visibility into how time and resources are allocated. TimeCamp’s time tracking capabilities allow managers to monitor project progress accurately, identify underperforming segments, and adjust plans proactively.
Additionally, the software supports budgeting by linking tracked hours to project costs, helping companies avoid overruns. For businesses that bill clients based on hours worked, TimeCamp provides detailed invoices that increase transparency and trust with customers. These features combine to ensure that projects meet deadlines and stay within budget, driving overall business success.
Another significant advantage for large companies is the ability to generate customizable reports tailored to different departments or project teams. TimeCamp’s reporting capabilities make it easy to share relevant insights with stakeholders, facilitating better communication and faster decision-making processes.
Benefits of Using TimeCamp for Employee Monitoring and Time Tracking
Accurate Time Logging: Automated tracking eliminates manual errors and provides precise records of hours worked.
Improved Productivity: Identifies time-wasting activities and helps optimize work schedules and task prioritization.
Enhanced Reporting: Comprehensive analytics support data-driven decisions to improve workflows and resource allocation.
Better Employee Engagement: Empowers employees with insights into their performance and fosters transparent communication.
Compliance and Payroll Efficiency: Ensures accurate time records for payroll processing and labor law compliance.
Remote Work Optimization: Supports flexible work arrangements by providing managers visibility without intruding.
Integration with Tools: Seamlessly connects with popular project management and accounting software to streamline operations.
Implementing TimeCamp in Your Organization
Rolling out a new employee monitoring tool can be a delicate process, especially in large organizations with established workflows. To maximize the benefits of TimeCamp, it’s important to communicate clearly with employees about the purpose of the software and how it supports both individual and organizational goals. Training sessions and open dialogue help alleviate concerns and encourage adoption.
It’s also essential to customize TimeCamp’s features to align with company policies and workflows. From setting appropriate privacy controls to defining which activities should be tracked, these configurations ensure that the tool fits naturally into daily operations without feeling intrusive.
Once implemented, TimeCamp’s intuitive interface and customizable features allow businesses to tailor the software to their specific needs, whether that involves detailed task tracking, billing integration, or managing remote teams. With continuous use, companies can build a culture of productivity and trust, driven by transparent and actionable data.
Future-Proofing Your Business with Time Tracking and Employee Monitoring
As the workplace continues to evolve with remote work, flexible hours, and digital collaboration, the need for effective time tracking and employee monitoring becomes even more critical. Solutions like TimeCamp provide businesses with the tools to adapt to these changes without sacrificing employee autonomy or satisfaction.
By embracing an employee monitoring tool that prioritizes transparency, accuracy, and usability, companies can unlock new levels of efficiency and employee engagement. TimeCamp’s robust feature set makes it easier than ever to keep teams aligned, optimize workflows, and respond swiftly to challenges—ensuring long-term growth and resilience.
With the goal of producing 60 GW of renewable energy capacity by 2032, the state-owned National Thermal Power Corporation Limited was given permission to invest INR 20,000 crore by the Cabinet Committee on Economic Affairs, which was chaired by Prime Minister Narendra Modi.
Furthermore, the Cabinet granted a unique exemption from the current investment guidelines that apply to Navratna Central Public Sector Enterprises, allowing Neyveli Lignite Corp India Limited (NLCIL) to invest INR 7,000 crore.
The subsidiary NTPC Green Energy Limited (NGEL) will receive the planned investment. After that, NGEL will invest in NTPC Renewable Energy Limited (NREL) and its other subsidiaries, going above the INR 7,500 crore previously authorised limit, which has now been raised to INR 20,000 crore.
NTPC to Boost Renewable Projects in India
The government claims that the extra money given to NTPC will support the growth of renewable energy projects in India and be essential to fortifying the nation’s electrical infrastructure, which will guarantee consistent, dependable access to electricity.
It is anticipated that investments in renewable energy projects will create both direct and indirect job possibilities for the local population. According to the government, in addition to fostering employment and socioeconomic development, it will support entrepreneurship prospects in the nation.
According to Home Minister Amit Shah, raising NTPC and NGEL’s investment restrictions in the sector to INR 20,000 crore will hasten the nation’s progress towards reaching its 2032 target of 60 GW of green energy production.
However, NLC India Ltd will be allowed to spend INR 7,000 crore in green energy thanks to a unique exemption, demonstrating India’s unwavering commitment to building a healthier earth and a greener Bharat, Shah added.
India Aligning Itself with Paris Agreement
Five years ahead of its Nationally Determined Contributions target under the Paris Agreement, India has accomplished a significant milestone by guaranteeing that 50% of its installed energy capacity comes from non-fossil fuel sources.
The current goal is to reach net zero emissions by 2070 and raise non-fossil fuel generation capacity to 500 GW by 2030. Regarding the NLCIL decision, the government stated that it would allow the government-owned company to invest INR 7,000 crore in NIRL and allow NIRL to invest in a number of projects directly or through joint ventures without needing prior approval under the current power delegation.
By reducing reliance on fossil fuels, lowering coal imports, and improving the dependability of the nation’s 24-hour power supply, the decision is anticipated to strengthen India’s status as a pioneer in green energy.
NLCIL currently oversees seven renewable energy assets that are either in the process of going commercial or have a combined installed capacity of 2 GW. After this Cabinet clearance, these assets will be given to NIRL.
