Healthcare is a rapidly developing industry in India and opportunities are always on the rise. The Healthcare sector is one of the fastest-growing sectors in India and by 2022 it is expected to grow up to Rs. 8.6 trillion. The healthcare business in India has grown considerably in 2021 because of the global pandemic that started in March 2020.
Looking at the current state of the world, the thing which we learned is the importance of health care. Pandemic has taught us how small things can affect our health. Equally, this also gives a boost to the healthcare business opportunity, so if you are an entrepreneur planning to enter the healthcare industry this is the right time to invest and grow in this business.
Why You Should Consider Healthcare Business in 2022
Healthcare App Statistics
Medical business ideas have become the most profitable business ideas these days. Here are the reasons to consider a medical-related business in 2022.
The Healthcare industry in India is expected to grow up to Rs. 8.6 trillion in 2022.
The healthcare sector can create employment opportunities for millions of people by 2021.
India’s medical device market size could grow up to $50 billion by 2025.
The applications of AI in the healthcare industry is progressing at a high pace. Soon India will be worth US$ 6 billion by 2021.
There are a total of 4,892 startups in the Indian health-tech space.
List of the top 14 Best Healthcare Business Ideas in India (2022)
Medical Transcription Services
One of the most well-known medical business ideas is Medical transcriptions as it listens to the voice recordings submitted by the physicians or healthcare workers and converts them into written notes. It ensures that the patients receive the right treatment and medications. Medical Transcription Services is one of the best business ideas for healthcare professionals. The recent advances in a speech to text technology are likely going to affect medical transcription jobs in the future.
Medical Records Management
One of the successful healthcare startup ideas and best business ideas for doctors in India as it can assist doctors and hospitals by managing their medical records. You can either provide full-service medical records management. You can also assist your clients by helping them to manage their medical records by training their staff.
Healthcare app
Health apps and smart health devices Usage in India
In this growing world of technology patients already have a plethora of apps to deal with, which is why making a healthcare app is a good healthcare business idea in India. So providing a holistic app to the patients that will fulfil their every healthcare need is a great approach. This approach to personal health will benefit the patients as well as the business.
Medical Billing Service
It is the right time to begin a business in the healthcare sector as Medical billing services because of the rise in insurance claims by the patients. Due to which the hospitals face the hassle during insurance claims. So to assist them and reduce the burden on hospitals. A medical biller is a person who handles medical claims for insurance companies. This will lessen the burden on the hospitals during medical claims by the patients.
Home Healthcare Service
Home healthcare services are the services that are been provided in the convenience of home to the patients. These services are provided to elderly people. Home healthcare services are less expensive and convenient. And are more effective as compared to that of the care you might get in hospitals.
There are three types of home healthcare services. Personal care- In personal care nurses are being provided to the elderly people to help them in their daily activities like bathing, dressing, and preparing meals for them. Private nursing care- In private nursing care, home-based skilled nurses are provided for long term or hourly nursing care for elderly or adults with an illness injury or disability. These services include ventilator service, nursing care, and catastrophic care. Home healthcare- In-home healthcare service the patients can request a short term physician who can help the patient to recover from illness.
The diabetic care centre is one of the top healthcare business ideas in India. The diabetic management centre has all the diabetic management facilities under one roof. It helps the patients to control their diabetes and avoid any serious diabetic complications that may arise due to uncontrolled diabetes.
Physical Therapy Center
Physical therapy is also known as physiotherapy. It is one of the allied healthcare professionals who treat patients with conditions like acute pain or soft tissue injury. A physical therapy centre is a prominent business idea that is profitable as well. You have to open a facility in which you can hire professional physiotherapists to treat the patients. They are also required by fitness centres or sports facilities.
Medical Supply Sales
Customers are always on the look for healthcare products such as medical supplies, braces and many more. You can supply the medical supplies to individual patients or to retailers. An e-commerce site is a better option to increase sales and it also helps the customers, who might face difficulty reaching the stores.
Being a Nutritionist is a profitable and less stressful job as compared to other healthcare services. a nutritionist is an expert in the field of food and nutrition. He/she advises people on what to eat to maintain a healthy lifestyle. Many organizations such as hospitals, schools and cafeterias need nutritionists.
Childbirth Services
Childbirth services are a bit complicated and crucial healthcare business to handle. If you hire an expert for the job who can make your business grow then childbirth services are a great option. The sole purpose is to attend to a woman during delivery and while birth.
Fitness and Gym Centre
Fitness and Gym Centres are arguably one of the most profitable healthcare business ideas. For both of these centres, one must find a good location and good equipment in order to attract customers. Due to Covid-19 and the increase of other diseases people want to stay healthy and stay fit. And if you are a fitness trainer you can try opening a gym.
Virtual doctor services
Telemedicine Market expected growth in India
This telemedicine market is currently on the rise especially after the pandemic, as people prefer online consultation of doctors than compared to going to the hospital. In 2021, the platform already connects over 100,000 doctors with 300 million users in over 200 cities and has helped people who don’t have time or even rural people to get good quality doctor services.
Aerobics Centre
Aerobics exercise helps in improving the human cardiovascular system in absorbing and transporting oxygen. Learning aerobics are now in demand as people have become more and more health-conscious and preferring to go to aerobics centres instead of going for medicines.
Retail Pharmacy
Annual Turnover of Indian Pharmaceutical market
The $312.1 billion pharmacies and drug store industries are expected to increase in the next five years. Retail pharmacy includes facilities that dispense over-the-counter medications and prescription drugs and also includes operations that deliver prescriptions to patients at discharge, as well as mail-order pharmacy services.
Conclusion
These are the Top 14 Healthcare Business Ideas For Entrepreneurs in India. There are many business opportunities in the healthcare sector regardless of rural, suburban, or metro cities in the coming future. For any entrepreneur planning to start a healthcare business in India, it is the right time to commence your business.
FAQs
What is the healthcare business in India?
The healthcare sector consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.
What are the medical business ideas for 2022?
Retail Pharmacy
Aerobics Centre
Virtual Doctor Services
Child Birth Services
Nutritionist
Fitness and Gym Centre
What are the best future business ideas for healthcare?
The COVID-19 pandemic has changed every aspect of work and life. This outbreak has resulted in many concerns all over the world. A lot is going on in our life which is new to everyone. Almost the whole world went into lockdown because of Coronavirus. Hence, many companies are providing free access to their paid tools to help people work from home and entrepreneurs manage their whole business from home. This is the compiled list of companies that hired actively even after the Coronavirus pandemic.
100% off for 6 months for NGO/Early stage startups with upto 25 employees, 75% discount for everyone for 6 months on pro plan. Discount code – ” SaaSforCovid”
Free logo for people who started business due to losing job because of Covid-19
looka.com/blog/covid19-free-logos-announcement/
Loom
Screen Recorder
No recording limit on free plan and 50% off on pro plan
The video recording and sharing service have removed the recording limit from their free plans. They have cut the prices of their pro plan’s price by half and also extended the trial period from 14 to 30 days.
Luminati
Data Collection Automation platform
$250 discount for the1st month
luminati.io
Lytho
Content Management Platfomr
Free access to Digital Marketing Platform
launch.lytho.com/share-the-good
Mailchimp
Email Marketing Tool
Free for 3 months
mailchimp.com/covid19-statement/
Monitoro
Website Monitoring Tool
Free 5 hourly monitors, 30% discount above that
support@monitoro.xyz
Moz
Provides digital marketing tools
Get Moz Academy Courses on many marketing courses for Free
moz.com/blog/moz-academy-free
MURAL
Team collaboration tool
Free 90 days trial for new users
blog.mural.co/remote-work-resilience
My Hours
Project Management Tool
Unlimited team members, projects and tasks
app.myhours.com/#/signup/trial/0
Nailted
Team Management Tool
Free for businesses
nailted.com/covid-19
NetNut
Residential proxy network for businesseses
50% off on all packages
l.netnut.io/saasforcovid
Nifty
Team collaboration tool
50% off on all plans for 4 months (COUPON- REMOTE50)
Providing 6 months of free premium access to frontline workers
safetyculture.com/iauditor/
Conclusion
The COVID-19 pandemic has already changed many things in the corporate and business world, it is also going to shape the future of many businesses, startups, and governments in the coming future. It has created opportunities for people in many fields to think outside the box and come up with innovative ideas.
The COVID-19 pandemic has changed every aspect of work and life this outbreak has resulted in many concerns all over the world. The pandemic is having a direct or indirect impact on many sectors such as airline profitability is getting impacted by low seat occupancy, supply chains are getting disrupted globally and retail stores are running out of dry goods and toilet paper in many countries which are eventually leading to an economic slowdown.
The Covid-19 has already resulted in early signs of a shift in how consumers and businesses behave. For instance, pre-coronavirus crisis, only a few people had the experience of working remotely. But Coronavirus spread during the ongoing COVID-19 pandemic led many organizations to recommend their staff to work from home full-time. Some of these changes are direct, short-term responses to the crises which will revert to regular levels once Covid-19 is contained. However, some of these shifts will continue even after the coronavirus is contained such as creating a long-term digital disruption that will shape businesses for decades to come.
History is evident that every economic recession and pandemic that happened in the past has changed the trajectory of governments, economies and businesses’ work culture which resulted in altering the course of history for years to come. The Black Death in the 1300s broke their conventional feudal system in Europe and replaced it with the more modern employment contract. Similarly, the great economic recession kick-started a major innovation drive that radically improved agricultural productivity.
The COVID-19 pandemic has already changed many things in the corporate and business world, it is also going to shape the future of many businesses, startups, and governments in the coming future. Over the last few years, as the coronavirus has swept across the globe, we have all had to adjust our daily lives. The technologies which came into the limelight after the pandemic are taking over many conventional methods. Some of the Coronavirus innovations which are likely to come are discussed below.
COVID-19 is acting as a catalyst for educational institutions worldwide to search for innovative solutions in a relatively short period. Due to the lockdown, closure of many schools, colleges and institutions have started online teaching via interactive apps. The use of online learning platforms has increased massively. Students can take classes at their convenience and it is also helping their teachers to solve their queries, doubts effectively. Students are also making and sending their videos of athletic training and sports to their teachers as homework, making students do things differently.
The interaction among students and teachers has increased. This slow pace of change in academic institutions globally is likely to take over old lecture-based approaches to teaching, conventional institutional classrooms. Currently, various creative solutions are being implemented around the globe. This has led the innovators to find more tools and technology to be used for educational purposes.
With 5G technology becoming more prevalent in countries such as China, US and Japan, we will see learners and solution providers truly embracing the ‘learning anywhere, anytime’ concept of digital education in a range of formats. Thus, E-learning could become a habit that is integrated into daily routines.
Digital Administration will become Mainstream
The Covid-19 breakout has caused government administrators to take action quicker than ever before. South Korea drove rapid testing of over 200,000 of its citizens and used smartphones to tag the movement of the infected — alerting the non-infected of those movements via real-time updates. All of these efforts, as well as transparency of biological impact, could have been improved if there were more smart cities in the world.
As governments learn from the Covid-19 experience, it will shift investment in favour of smart cities as it would be critical to have them in order better manage the pandemic event. Today also, many key players benefiting from this shift in gears would be smart governments, focused companies such as Cisco, Microsoft and Siemens as well as digital city startups across Europe and the US.
It is straightforward to predict that the Covid-19 is going to be an accelerant for remote working as well as online education. This shift will likely impact the efficiency, productivity and mental health of workers throughout the globe and businesses need to prepare for it.
For companies looking to add the human touch digitally to their workplace, the choices are limited today — with Humu, a startup by ex-google HR chief Laszlo Bock. A handful of other tech companies, such as Github and Automattic, which run predominately on a remote collaboration model can also choose to productize their insights and capabilities to help other companies cope. This will create many opportunities to develop such platforms that connect people from remote places and let them work remotely with more efficiency.
In-home Diagnostics
Though the trend of wearables has been growing in popularity over the past 5 years, driven mainly by Fitbit and Apple, there is some limitation in their features. However, new features are emerging as sensor technology continues to advance. The pandemic will potentially change this space forever.
Today neither the Apple Watch nor the Fitbit measure body temperature. However, there is a bigger opportunity, outside of wearables will be the in-home diagnostics market. There will be a bigger shift towards virtual doctor appointments as a result of this.
However, virtual doctor appointments don’t completely replace the need for in-person visits when patients need to take the standard flu test, strep test, or have their vitals read. But surely there will be more research in this field which provides many remedies in house only. The amount of new investment and focus on this space will accelerate the progress.
Grocery E-commerce
Ordering Groceries Online
Before the coronavirus crisis, though there was a good demand for online shopping surprisingly there was a tiny demand for grocery e-commerce. According to sources, only 4% of Americans ordered groceries online before this crisis but in India, this demand is even lesser. But since stay-in-place orders went into effect, shoppers are shifting their grocery shopping online.
This has meant a significant increase in demand for grocery retailers who relied on e-commerce as a small percentage of sales. Suddenly they’re dealing with many times their normal volume. The consumer is learning that ordering online isn’t as challenging as once thought, and the retailer is learning to properly staff and fulfil these orders at scale.
As the reliability of customers on online retailing is speeding up, there is going to be demand for online grocery shopping even after coronavirus is contained. So, this is likely to create opportunities for startups to develop more technologies that help in easing the grocery e-commerce experience. However, if the crisis does last longer, retailers will catch up to demand, the experience will improve, and shopping habits will be altered.
Conclusion
The Covid-19 pandemic has changed our perspective towards many things. This pandemic led people to think out of the box to make their lives easier which led to the discovery of many things. It has created opportunities for people to explore different fields and come up with something new.
In the course of the ongoing pandemic, many businesses faced a downfall in their progress of making a profit. Likewise, small textile brands encountered a behindhand in making a life out of the pandemic market.
While the small textile brands are highly populated by poor people, in order to make a small earning by stitching, embroidering and threading clothes all day. After the government of India proclaimed lockdown, many small scale industry workers returned to their hometowns and migrated, waiting to get circumstances back to normal.
Things were normal when the Government set a time duration to conduct their respective business i.e. 10 am to 6 pm. Whereby, small textile brands worked for 24 hours to meet the targeted profit of the day or month or year. But, the coronavirus unfettered the nation with high cases from April to July 2021, imposing tight lockdown again.
According to the reports, it is stated that 70% of workers didn’t return to work and saw a 60% drop in the sales of textile. On the other hand, the small textile brands faced an epic hurdle in purchasing raw materials from the suppliers as it is unsafe in trading, due to escalating death rates in the country.
Besides, the small textiles have to accept those who are willing to do any task, as the industry is facing a lack of manpower. As is the case, there might be unskilled workers joining the small textiles brands which ultimately leads to the production of low-quality textiles; and people won’t buy poor quality products. Besides, the small textile brands are bungling the concept of technology.
Here, we’re gonna discuss the chance of small textile brands to expand their market from the effect of the ongoing pandemic.
Impact of the Covid-19 Pandemic on the Textile Brands
The whole Covid-19 pandemic situation made the economic status of the entire world go upside down. As per the study, the 2020’s economy has gone down by –3%.
The world faced a major fallback economically correlated to the 2008–2009 financial crises and the surveys say that it may take at least a year to attain the normal state and solidify their thrift. India is one of the major countries that encountered a high difference, definitely not in a good way.
Considering the available resources and fast-growing markets many foreign institutions were ready to invest in India, and that may have cultivated a huge disparity in the availability of employment.
The textile industry has a huge part in employment creation in India. The closing of the mart ended in creating an unpleasant reaction in the growth of the textile industry; few minor cloth crews curbed their exposition.
Due to the low profit, many units limited their human resources and there were pay cuts. Out of all states, the worst pretentious states in cloth manufacturing during the epidemic are Punjab, Gujarat, Maharashtra and Tamil Nadu.
Things that hampered the production of small Textile units
Fewer Transportation Facilities
Transportation is the primary element that makes a huge effect on production. The businessmen need transport to supply the product, to get the raw materials and to deliver the goods.
Due to fewer transport facilities during the lockdown, the transportation of goods and buying of fresh products for sales were halted. The people were not even able to deliver the finished products.
No Labours
As transport was not available frequently, the migrant workers shifted back to their hometowns. Their wages were cut short and the companies curtailed human resources.
Bihar, Jharkhand, Uttar Pradesh and Orissa are the states that produce large amounts of human resources, considering the less income, transport problem and their health risks, they moved to their places. So the limited availability of the labourers resulted in the production.
Lack of Raw Material
During the pandemic, the demand for the raw crops reduced and due to that agriculture underwent. As the overall demand for the crops reduced, the production of cotton and silk were also reduced, resulting in less or no availability of raw materials. And as the chemical units were focusing on other significant courses, the dealings of synthetic lessened and the synthetic textiles were affected.
Well, in some way or the other, many businesses are recovering the loss from the effect of the pandemic by engaging efficiently in producing and serving the goods to the customers. And in the case of small textile brands also hyped their production in many ways during this ongoing pandemic.
Unlike other industries, small textile companies lack digital marketing and ergo became a great drawback in achieving their goals.
Here are some ways that the small textiles industries could employ to stay resilient in the market from the effect of the ongoing pandemic.
Make sure workers are Safe and Vaccinated
During the first lockdown in the nation, many small scale workers migrated as per the government rules. So, the first thing that small textile brands should take care of their workers is to prevent the fatal virus across the nation, whereby the necessity of healthcare nearby, nutritious food and safe & hygienic shelter should be rendered to the workers and make sure their vaccinated.
Stay Informed with the Latest Government Guidelines
Secondly, small textile brands should stay informed; the Government should inform the measures and up-to-date information regarding the pandemic to the small textile industries. As is the case, they will take necessary protocols assigned by the Government in order to prevent the spread of coronavirus.
Make sure your financially stable to operate your business
The small textile brands should be financially stable in meeting requirements such as paying wages to the workers, purchasing raw materials, light & power, fuel and transportation and so on.
Brands should provide recess time for workers, who are working 24/7, as this would aid to reduce the cost of excess labour & augment efficiently and effectively in the production of goods and services.
Make necessary changes according to the environment
Lastly, the small textile brands should accomplish the set of goals without any objections in doing so and respond to any changes happening in the working environment.
If the above points are followed by the small textile brands, then the chances of getting opportunities in the market are high during the pandemic.
The countries confronted a huge economic deterioration. No country was nimble to evade the losses that the pandemic resulted in. The economic rate of the country is poorly approximated to the financial crisis the world faced in 2008–2009. But it doesn’t mean it’s not possible to improve it.
Fetching back to regular and recouping the stability like before the pandemic may take a few months or also years. And the small textiles that faced a great loss have to find a way to improve their state. They have to create new strategies to sell their products in a modern way and yet not skip and obey the government protocols.
FAQ
What is textile business?
The Textile industry consists of the design, production and distribution or marketing of yarn, Fabrics or readymade clothing.
Which city is famous for textile in India?
Bhilwara is India’s largest manufacturer of fabrics and is also known as Textile City of India.
Is textile industry profitable?
Yes, textile industry is considered as a profitable industry for new and aspiring entrepreneurs.
Covid-19 has completely disrupted the Travel and Tourism Industry at both the national and international levels. With the worldwide lockdown and the heavy travel restrictions, the industry has lost not only domestic and international tourists but also local visitors. According to the United Nations World Tourism Organization (UNWTO), International tourism has witnessed a loss of $1.3 trillion in 2020 while the Indian tourism industry saw a revenue loss of ₹1.25 trillion, as per the CARE Rating study.
The pandemic has impacted all divisions of the tourism industry such as inbound, outbound, corporate, MICE, adventure, and leisure and will continue to underperform for the next two quarters. Tourism will account for 9.9% of the country’s GDP by the end of this decade with the help of Government initiatives.
The losses to the Indian Tourism Industry in 2020 have been huge but 2021 shows the revival of travel with the rise in vaccination. Significant changes were observed in traveling like more emphasis given to safety, cleanliness, and hygiene. The states that are getting the maximum tourists are Himachal Pradesh, Uttarakhand, Rajasthan, Goa, and Kerala.
Ever since the Covid-19 Pandemic had arrived, the tourism industry started evolving and changing ways in order to suit the needs of travelers. With the reduction in Covid cases in India, theCentral and State Governments of the respective states have issued many standards and basic operating procedures in order to resume services. Major protocols are being taken as the security scan at the entrances of various locations like hotels and airlines involving thermal screening and sanitization and the staff is even extra cautious than before.
The Post-Covid Scenario of Tourism Industry
Many countries around the world are catching up with innovative solutions and activities to boost their country’s travel industry. Some of them include safe travel bubbles, SG Clean, Qatar Clean initiatives. Many travel agencies are now providing incentives, offers, and discounts to get people to travel. Understanding the solutions and practices being followed in different countries will help India in implementing the right strategies for the survival and revival of its tourism industry.
Many services have turned contactless and are following all major protocols of safety and social distancing. Simpler activities like live cooking, disposable cutlery, online food delivery services, and digital menus aids in the growth of the industry. The hotel, restaurants and resorts are following strict SOPs for Covid-19 to create a protective environment. The government is also providing relaxation against free loans, provident fund relief, and GST.
The relaxation in the lockdown along with the gradual lifting of travel restrictions shows constant opening and closing of travel make tourists feel uncomfortable to travel internationally. But 2021 saw an increase in domestic tourism, while foreign tourism is expected to remain low until the situation improves. One of the main reasons for the future boom in the domestic sector is that travelers in 2021 prefer to explore their own country and go on short weekend trips.
Here’s a look at the most affected sectors of tourism due to pandemic
Hence, increases the sightseeing of remote destinations and helps the locals to get their livelihood back. This, in turn, boosts the local economy, creates more jobs, and helps the hotels and restaurants of the region, promotes local art handicrafts and culture. With more importance given to safety and social distancing, tourists think that it is safer to travel shorter distances than compared to the longer ones. This is why many people are opting for short road trips to unknown destinations with less crowd.
The domestic vacation is now on top of the traveler’s bucket list for 2021. Just the first week of January 2021 saw 70% of users booking for future domestic trips on Tripadvisor. In the US, over 74% of travelers preferred to go on an overnight domestic leisure trip in 2021, and over 34% are planning domestic trips, which is quite high as compared to other countries like Australia (31%) and UK (24%).
So let’s take a look at the 2021 travel industry’s trends that are likely to show up in the future.
Travel Industry Trends in 2021
Workation Trips to Increase
Work plus vacation or business plus travel is not a new concept that has arrived in 2021. But the business travelers are said to be rising in 2021 because many companies are opting to work from anywhere culture. This is why they have come up with brilliant travel plans that will help employees work along with leisure. Employees also have the option to bring their family members. The concept of business travel is getting popular as people have started to realize that all people need is electricity and a good internet connection to work.
Work plus vacation has become a latest trend now
Road Trips are the New Trend
With many restrictions and travel bans, people have started opting for short road trips. Many tourists have started avoiding public transport like buses, trains or even airlines. Instead, they plan to go on road trips in their own vehicles or rent a car, as it is a safer option. Road trips are popular among tourists of all age groups and families. In addition to that, it reduces the travel expenses and vast options of destination to choose from.
Road Trips, a budget-friendly option for travelers to travel around the city
Promotion of Sustainable/Eco-Friendly Tourism
The pandemic has made people realize the importance of implementing sustainable ways of traveling. The tourist now is looking out for eco-tourism to get in touch with nature. In 2021, tourist focuses on responsible travel to remote locations or natural areas in order to experience the local culture and contribute towards the sustainable growth of environment. Tourists have become more conscious nowadays and are accepting more eco-friendly methods to reduce their carbon footprint.
Sustainable Tourism has become traveler’s best choice for embracing the nature
Travelers are keen on researching more before making any travel plans. With Covid-19, it’s no surprise that people are more conscious to travel. According to a survey, more than 74% of the global tourist population say that they will spend more time researching everything about their destination. People are spending more time in reading reviews or checking for better accommodations before planning any itinerary.
Post-vaccinations Impact on Travel
With the rise in vaccination drive, the travel industry has started blooming. People have started planning their trips as they’re excited to finally be able to travel carefree. The new travel protocols, however, will include compliances for travelers including Immunity passports for tourists to provide proof that the tourists are vaccinated for the virus. More than 77% of global travelers likely to agree to travel internationally only after getting vaccinated.
Why Travelling Will Never Be The Same
Solo Travel is the Way
Solo travel or even backpacking has grown exponentially with the pandemic. Co-living is also another new trend related to solo traveling. It is when solo travelers are looking to save money and time by getting out of their comfort zone and meeting other solo travelers while traveling. Solo travelers involves themselves in activities that includes social distancing.
Solo Travel has become a new travel industry trend
Safety and Cleanliness are the Priority
Safety and cleanliness have become priority for travelers across the globe since Covid. And the travel industry is already implementing major guidelines and protocols including PCR tests on arrival, mandatory masks, sanitation, and frequent cleaning in different sectors like hotels, airports, restaurants, etc. to provide a safe environment.
Many experts in the field have given their recommendations on how to get the industry back on track. Some of them include:
Airlines, hotels, restaurants, and other tourist operators can adopt greener and eco-friendly solutions in order to increase their business while being sustainable.
The industry must encourage renewable energy and green project to help the environment.
The government must try helping the industry with interest-free loans for up to 5 years which makes it sustainable.
Implement compulsory masks everywhere and basic social distancing laws and regulations.
Promote lesser-known tourist destinations of India.
Make it easier for the tourist sectors to get licenses, permits, and renewal.
Reduction of GST rates in the travel and hospitality sector.
FAQs on Travel & Tourism Industry
What are the top travel industry trends in 2021?
The top travel industry trends in 2021 are:
Workation Trips to Increase
Road Trips are the New Trend
Promotion of Sustainable/Eco-Friendly Tourism
Research Before Travel
Post-vaccinations Impact on Travel
Solo Travel is the Way
Safety and Cleanliness are the Priority
Which one sector is going to see a rise in tourism in 2021?
2020 has completely disrupted the travel industry but 2021 is showing the revival of travel. The tourism sector will be very different than what it was before. The domestic sector is witnessing a surge as people are avoiding foreign travel and the situation is going to remain the same till the pandemic is over.
What are the SOPs followed by the tourism industry in India?
The SOPs followed by the tourism industry in India are security scans at the entrances of various locations like hotels and airlines involving thermal screening, wearing masks, sanitization, and social distancing.
What is the fastest-growing trend in the travel industry?
Eco-friendly/Sustainable tourism is one of the fastest-growing trends in the travel industry.
Is the travel industry growing?
The travel industry will slowly and gradually see a surge in the traveler once the pandemic is over. Currently, domestic tourism is growing at a slower pace. The reason being, people are feeling bored to remain at one place and therefore planning short trips.
Mukund Mohan is a 48 year old Indian American Tech Executive and Investor that has been sentenced for perpetuating a scheme to fraudulently obtaining more than $1.8 million worth of Covid 19 disaster relief loans. Mukund Mohan was sentenced to a two-year prison on 25th August by the Western District of Washington. Mukund Mohan is a former Amazon, Microsoft Ventures executive and well-known curator at Vangal.
Before getting caught, Mukund Mohan was a well-known angel investor who was based in Clyde Hill of Washington state. Mukund Mohan completed his education in Computer Science at Mysore University, India and then rose to become the Director of Engineering at Microsoft in America. After that Mohan became an entrepreneur in Bengaluru and also claimed to be the founder of over five companies.
How Mukund Mohan claimed the Covid 19 Relief Funds
To cover up the fraud, the infamous investor was known to have submitted fake and altered documents, which also included fake federal tax filing and incorporation documents with altered information. Mohan initially wanted over $5.5 million through eight fraudulent disaster loan applications and in order to claim these benefits, the fake documents included tax filling of six companies are Zuput, GitGrow, Vangal, Expect Success, Mahenjo Inc and Zigantic LLC.
Only five out of the eight fraudulent loan applications were approved, bringing the total up to $1.8 million. According to sources, the funds were taken in order to help small startups retain their workers during the difficult time of the Covid 19 Pandemic where small startups would not have a steady capital flow. Mohan was arrested in the month of July 2020, for forging fake and altered documents in order to acquire over $5.5 million from Covid relief funds.
Mukund Mohan giving a speech
Based on the complaints, one particular company he applied loans for with misleading statements and false documents was Mohenjo. This company was purchased by Mohan in May 2020, which at the time did not have any employees or business activities. But according to Mohan’s fake documents the company was said to be in operation from the year 2019 and had employees for whom the company paid millions of dollars for employers salaries and payroll taxes.
Mukund Mohan went on to plead on his blog on 14th August 2020 saying that,
“I hurt people who trusted me, believed in me, and now are beside themselves. Unfortunately, I cannot talk about the details given the legal circumstances, but I truly apologise… I own my mistake, and now I have to course correct. Seeking help is what I am doing. I think the road ahead, though, will be very long,” Mukund Mohan.
Mukund Mohan is now accused of perpetuating a scheme to obtain Covid-19 disaster relief loans guaranteed by the Small Business Administration through the Economic Injury Disaster Loan and Paycheck Protection Program which are under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
According to the press release of the United States Department of Justice, the techie has now been ordered to pay a fine of $100,000 and $1,786,357 in restitution. Mohan is now pleading guilty to wire fraud and money laundering with regard to his scheme of obtaining over $5.5 million under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Mukund Mohan’s past claims for fame
This was not the first time Mukund Mohan has been involved with fraud cases, malpractices and fraudulent claims. From 2008 to 2012, Mohan had also made false claims of being a co-founder of over five startups, investing in 11 companies personally and three other companies through Napkin Stage (an investment firm).
Out of the five startups that were said to be found by him, four startups excluding BuzzGain failed as they didn’t raise any funds. Whereas out of the three other companies said to be funded via Napkin Stage, ChargeBee and SignEasy clarified by saying that Napkin Stage was only an advisor and did not fund them.
The Olympic Games are known as the foremost athletic competition in the world. Over the years, The Olympics have allowed athletes to show off their strength and skills. With more than 200 countries participating the multisport event will bring people together with a competitive spirit. This universal sports event takes place every four years, alternating every two years with the Summer and Winter Olympic Games.
Since the modern Olympics from 1896, two countries are chosen to host the Summer and Winter games through bidding. Hosting the Olympics is a big thing for every country as they receive worldwide attention from the presentation period until the sports event gets over. This time around Tokyo, Japan was given the privilege to be the host for the XXXII Summer Olympiad in 2020.
However, because of the Covid 19 Pandemic across the world, the Tokyo 2020 Olympics was postponed to be held from 23rd July to 8th August 2021. Japan is said to have spent an estimated $26 billion to host the 2020 Summer Olympics, this includes an additional $2.7 billion that the country spent on the losses due to the postponement.
A total of 11,500 athletes from 205 countries are expected to be competing, with the attendance of 79,000 overseas officials, journalists, and support staff for the 2020 Summer Olympics. The games will consist of 339 events in 33 different sports, which will be held in 42 venues across Japan. Four new sports are Karate, sports climbing, surfing, and skateboarding will be making their debuts at the 2020 Tokyo Olympics.
While games like Baseball and softball are part of the Olympics again for the first time since 2008. The tickets for the Olympics Opening Ceremony are estimated to cost between the range of $112 and $2,808, with over 4.5 million tickets being sold to Japanese residents. The Tokyo 2020 Olympics is also said to be the most sustainable Olympics as it has made many attempts to promote the recycling of waste.
For example, over 5000 medals were made of recycled mobile phones, while the podiums for the games were made from recycle plastic recovered from the oceans. The IOC (International Olympic Committee) is thought to make over 70% of its money from broadcasting rights and over 18% from sponsorship.
The IOC and the Olympics are funded by 4 main tiers of sponsors, which are the Worldwide Olympic Partners, Tokyo 2020 Olympic Gold Partners, Tokyo 2020 Olympic Official Partners, and Tokyo 2020 Olympic Official Supporters. Besides that, every participating country has its own sponsors and athletes also sign separate deals for themselves.
There are 14 Worldwide Olympic Partners that are locked into multi-year contracts, while the other lower-level sponsors are usually companies based in the host country which is Japan this time. Being a sponsor to the Olympics brings about a huge advantage in terms of marketing for these big companies.
The 14 main worldwide partners of Olympics (Coca-Cola, Airbnb, Alibaba, Atos, Bridgestone, Dow, GE, Intel, Omega, Panasonic, Procter and Gamble, Visa, Samsung, and Toyota) get their entire product categories to themselves. These companies usually take their products and staff to the Olympics and also launch massive multimedia marketing campaigns using the famous Olympic logo.
Depending on which of the four tiers the companies are in sponsoring in they will be allowed to use Tokyo 2020’s Olympic and Paralympic designations and imagery, including emblems, mascots, and slogans. According to media sources, The IOC had arranged over $2 billion from global sponsors for this quadrennium (four-year package for partnering), with the addition of $3.3 billion or so from the nearly 70 Japanese domestic sponsors.
Worldwide Olympic Partners
Coca- Cola
Coca-cola is a leading beverage company that manufactures carbonated soft drink that is sold in more than 200 countries and territories. According to Interbrand’s study on the “best global brand”, Coca-cola was ranked sixth most valuable brand in 2020. The beverage giant is known to sell over 1.8 billion company beverage servings each day.
Coca-Cola was the first commercial sponsor of the Olympic Games back in 1929 and has since then been an Olympic sponsor. The company has been the longest-standing partner of the Olympics and has sponsored every edition of the Olympic Games.
One of the most popular Coca-Cola x Olympic ad campaigns was in the Summer Olympics in Rio in 2016, where the company reached 500 million social media impressions for its #ThatsGold campaign.
Airbnb
Airbnb as in “Air Bed and Breakfast”, is an American company that provides an online marketplace for lodging, homestays for vacation rentals, and other tourism activities.Airbnb has its headquarters in San Francisco, California, and is a platform that lets property owners rent out their spaces to travelers looking for a place to stay.
The company was started in 2007 and has since then grown to 4 million hosts who have travelers in their homes. The company first partnered with the Olympics in 2019 and has since then allocated over 440 million of the overall sponsorship to direct support for athletes. The Airbnb partnership with the IOC and the International Paralympic Committee (IPC) is said to last for nine years which will include five Olympic and Paralympics.
Alibaba
Alibaba is a Chinese multinational conglomerate that specializes in the industries such as e-commerce, internet, retail, and technology. The company provides services like electronic payment, shopping search engines is acclaimed for its cloud computing services, and is the fifth largest AI Company. According to Forbes, Alibaba is among the ten most valuable corporations and the 31st largest company in the world in 2020.
Alibaba became an Olympics Worldwide partner in 2017 and has since then helped the IOC in transforming the Olympic Games for the digital era. The company has so far, come up with a suite of Cloud-based and AI-powered solutions that have made the digital transformation for the Olympic Games in a way that benefits fans, spectators, athletes, venues, and organizers.
Atos is a global leader in Information Technology services and consulting with headquarters in Bezons, France. The company has an annual revenue of around $12 billion with over 110,000 employees in 73 countries worldwide. Atos specializes in sectors such as transactional services, unified communications, cloud, High-Performance Computing, and Digital Workplace, big data, and cybersecurity services.
Atos has been a part of the Olympic movement since 1989 and became its worldwide partner in 2001 and has since then supported every Olympic Games.
As the IT partner of the games, the role of the company is to ensure the Olympic Games are fully connected, secure, and digitally enabled. Over the years, Atos has continuously used its cloud-based platform in order to increase efficiency, reduce costs, and most importantly minimize the environmental footprint of the Olympics and Paralympics.
Bridgestone
Bridgestone is the world’s largest tyres and rubber manufacturer with its headquarters in Tokyo, Japan. The company has over 144, 000 employees around the world and is available in 150 plus countries. Besides tyres, Bridgestone is also known to be an industry leader in a broad range of industrial products, building products and sporting goods.
As of 2018, the company has 181 production facilities in 24 countries. Bridgestone has been a worldwide partner to the Olympics in 2014, since then the company has provided its leading products and services such as tyres, automotive vehicle services, self-propelled bicycles, among others in support of the athletes and staging of the Olympic Games.
Dow
Dow is the third largest chemical producer in the world, with its headquarters in Michigan, US. The company operates in 113 manufacturing sites in 31 countries and has over 37,000 around the world. Dow specializes in producing Chemicals, raw materials, and compounds used across selected industries. The company became an Olympics worldwide partner in 2010.
The company has played an important part in improving the sustainability of the Olympic Games so far. The successful carbon mitigation programs implemented by the company and the Organizing Committees of the Olympic Winter Games Sochi in 2014 and the Olympic Games Rio in 2016, helped in mitigating harmful emissions and balancing the IOC’s footprint to create a positive carbon legacy worldwide.
GE or General Electric Company is an American conglomerate that is dedicated to innovating in the sectors of energy, health, transportation, aviation, power, renewable energy, digital industry, locomotives, finance, venture capital, and infrastructure. The company has its headquarters in New York, Boston and operates in over 100 countries with over 300,000 employees worldwide.
GE became an official Olympic worldwide partner in 2005. The company is known to closely work with the host countries for organizing committees that provide infrastructure solutions for Olympic venues including power, lighting, water treatment, and transportation. GE also supplies the host cities with diagnostic equipment and healthcare technology solutions that will help doctors treat athletes during the games.
Intel
Intel is another global leader in manufacturing essential products and technologies such as motherboard chipsets, integrated circuits, flash memory, graphics chips, embedded processors, among others. The company has its headquarters in Santa Clara, California, and has over 106,000 employees across its 600 facilities present in 63 countries.
Intel became the Olympics worldwide partner in 2017 and has since then played a vital role in advancing the Olympic Games experience for fans around the world with its innovative technology. The company has helped the games in the categories of 5G technology platforms, VR, 3D and AI platforms, sports performance platforms, drones, processors, and more.
Omega
Omega is a Swiss luxury watchmaker which has its headquarters in Bienne, Switzerland. Omega is a subsidiary of the Swiss Swatch Group. The company is known for its high precision and standard of precision and has a tradition of excellence in watchmaking.
This is why the company is the official timekeeper of the Olympic Games since 1932. The company is the worldwide Olympic partner up till the 2032 Olympic Games. Since 1932, Omega has served as the Official Timekeeper of the Olympic Games on 28 occasions.
Panasonic
Panasonic is a leading electronics company that has its headquarters in Osaka, Japan. The company offers a wide variety of services in categories of Audio, Television, Video equipment, including Car Navigation, and Multimedia Products. It manufactures products like rechargeable batteries, automotive and avionics systems, and industrial systems.
Panasonic has been a worldwide partner of Olympic since 1987. The company has so far provided the games with state-of-the-art digital audio and video equipment like a flat-screen TV, digital video camera, DVD recorder, and professional audio/video equipment. The company has been able to deliver the sights and sounds of the Olympics from the field to the spectators through its large on-site video screens and professional audio systems.
Procter & Gamble
Procter & Gamble also known as P&G is a multinational consumer goods company that has its headquarters based in Cincinnati, Ohio. The company offers a variety of different products such as personal health/consumer health, personal care, and hygiene products, beauty products, Grooming, Baby and family care products among others.
P&G has over 135,000 employees and is available in over 80 countries. Procter & Gamble has become a worldwide partner of Olympic in 2010, since then the company has helped the Olympics in the category of personal care and household products.
Samsung
Samsung is a Korean conglomerate with its headquarters in Samsung Town, Seoul. As of 2020, the company is known to have the 8th highest global brand value. It also is currently a leader in the industries of food processing, textiles, insurance, securities, and retail. Samsung is one of the top smartphone producers in the world. In 2016, the company shipped more than 306 million units of electronic gadgets worldwide.
The company has been a sponsor for the Olympics since the 1988 Seoul Olympics. Samsung has since then a meaningful connection through innovative technologies. For the last 30 years, Samsung has helped evolve the games in the categories of wireless communications equipment and computing equipment category.
Toyota
Toyota is one of the largest automobile manufacturers and had sold over 10 million vehicles in over170 countries. According to Forbes, Toyota is the 10th largest company in the world in terms of its gross revenue in 2019. The company has its headquarters in Aichi, Japan, and is known to have over 370,000 employees worldwide.
Toyota is the first-ever mobility worldwide partner for the Olympics in 2015. The company has helped the games in the sector of vehicles, mobility support robots, and mobility services. It also helps IOC in coming up with sustainable options for efficient mobility, intelligent transport systems, traffic systems, and vehicle-to-vehicle communications systems in host cities during the Olympics.
Visa
Visa is a world leader in digital payment and multinational financial service corporation that has its headquarters in Foster City, California. The company provides financial services like electronic fund transfer through credit cards, debit cards, and prepaid cards. Visa is one of the world’s most valuable companies as it provides payments for more than 3.5 billion cardholders in over 200 countries worldwide.
Visa is a worldwide partner of the Olympics since 1986. The company has helped the games by enhancing the payment experience for fans and athletes present at the Olympic venues. The company has the exclusive category of payment services, transaction security, and prepaid cards. Visa has continuously provided the company with the most technologically advanced payment systems available including new payment options.
Asahi group holdings are one of the top Japanese companies that manufacture beer, spirits, soft drinks, and food. The company has its headquarters in Sumida, Tokyo, and has 37% of the market share making it the fourth largest beer brewer in Japan. Asahi has been the gold partner of the Olympics since 2009 as it supported the Japanese Olympic team and athletes aiming to qualify for the games.
Asics
Asics is a Japanese conglomerate that manufactures sports equipment for various different sports. The company is known for its running shoes that have been ranked high among the top performance footwear in the market. Asics will be supporting Tokyo 2020 Olympics by sponsoring sportswear for the Japan Olympic and Paralympic Team and making uniforms for the staff and volunteers.
Canon
Canon is one of the top manufacturers of cameras in the world, with its headquarters in Tokyo, Japan. The company also makes optical, imaging, and industrial products, such as lenses, medical equipment, scanners, printers, etc. The company will be providing services to the Tokyo 2020 Olympic Games with world-class services to sports journalists and photographers from all over the world for the sports event.
Eneos
Eneos Corporation also known as the Nippon Oil and Energy Corporation is a Japanese petroleum company. The company is the largest oil company in Japan and has recently been expanding its operations in other western countries. The company will support the Tokyo 2020 Olympics by supplying essential energy sources such as petroleum, gas, hydrogen, and electricity.
Tokio Marine & Nichido Fire Insurance
Commonly known as the Tokio Marine Nichido, the company is a property insurance subsidiary of Tokio Marine Holdings. With headquarters in Tokyo, Japan, it is also known to be thelargest non-mutual private insurance group in the country. The company will support the Tokyo 2020 Olympics by providing insurance, risk management, and offering insurance in their time of need.
Nissay is also known as Nippon Life Insurance is the largest Japanese life insurance company in terms of revenue. The company is said to be working together with the IOC and other stakeholders to utilize our national network to foster the movement throughout Japan especially during the Olympics.
NEC
NEC Corporation is one of the top IT and Electronic companies in Japan. With its headquarters in Tokyo, Japan, its IT and network solutions consists of Cloud computing, AI, IoT platform, and software. The company will be supporting the Tokyo 2020 Olympics with state-of-the-art public safety products and network products.
NTT
The Nippon Telegraph and Telephone Corporation is known as NTT is known to be ranked 55th in the Fortune Global 500. With headquarters in Tokyo, Japan, the company is the fourth-largest telecommunications company in the world according to its gross revenue. NTT has taken up the responsibility to provide information and communications technologies for the Tokyo 2020 Olympics.
Nomura
Nomura is a leading financial holding company in Japan. The company offers services of broker-dealer, banking, investment, financing, and other services to its customers. Nomura Holdings will support the Olympic and Paralympic Games Tokyo 2020 as the Gold Partner in the category of security.
Fujitsu is another IT and communications technology that has its headquarters in Tokyo, Japan. The company is the world’s fourth-largest IT service provider and has 132,138 plus employees in more than 180 countries. During the Tokyo 2020 Olympics, the company will help in connecting various ICT technologies and bringing about a safe, sound, and reliable sports event.
Mizuho
Mizuho is a Tokyo-based banking and holding company. Mizuho’s combined holdings are known to form the third-largest financial service group in Japan. The company has taken up many initiatives to promote innovation in the financial sector and to revitalize the Japanese economy so that the country is ready to welcome people for the Tokyo 2020 Olympics.
SMBC
SMBC or Sumitomo Mitsui Banking Corporation Group is another Japanese banking and financial services company that will be sponsoring the Tokyo 2020 Olympics. The group operates in the sectors like retail, corporate, and investment banking segments worldwide.
Mitsui Fudosan
Mitsui Fudosan is a leading real estate developer in Japan and one of the subsidiaries of the Mitsui Group. Commenting on sponsoring the Olympics the coming said that, it will show the world the charms of Japan, by developing attractive cities fit to welcome people from around the world, as part of the Tokyo 2020 Olympics.
Meiji
Meiji Holdings Company is a Japanese holding company, which is currently the fourth largest confectionery company in the world. The company has supported athletes in many ways since 1964 when they first offered products to Olympic athletes.
Lixil
Lixil Group Corporation is one of the top manufacturers of building materials and housing equipment, The company will support Tokyo 2020 Olympics in the category of Building Components and Bathroom and Kitchen Fixtures which will be useful especially for the Olympic village.
Ajinomoto is a leader of a global company that specializes in the business of food and amino acids. The company produces seasonings, cooking oils, frozen foods, beverages, sweeteners including pharmaceuticals. The company is available in 36 countries and has over 34,504 employees around the world.
Earth Corporation
Earth Corporation was founded in 1892 and is a pioneer in the field of household insecticides in Japan. The company manufacturer’s pharmaceuticals and produces quasi-drugs, medical tools, and more. The company is also into importing and exporting services.
EF Education First
EF Education First was founded in 1965 as a global educational institute offering groundbreaking educational programs. Ef is one of the well-known international education companies that offer language learning, cultural exchange, and academic programs around the world. The company provides cultural and language learning programs in over 116 countries with over 52,000 employees worldwide.
Airweave
Airweave is a total sleep solution company that is sponsoring the Tokyo 2020 Olympics with special portable products customized for Olympic athletes. The company is known for its wide range of products such as bed frames, mattresses, pillows and cushions, comforters, bed linens, covers, pillowcases, and sheets. Airweave is looking forwards to delivering the most comfortable sleeping environment for competing athletes at the games.
Kikkoman
Kikkoman is a world leader in manufacturing soy sauce, it began its operation in 17 and currently produces over 400 million liters of soy sauce every year. The company is available in over 100 countries and also makes food seasoning and flavoring, mirin, shōchū, and sake, juice, and other beverages including pharmaceuticals.
KNT CT is an integrated travel company group that has contributed to the organization of numerous sports events that have taken place in Japan. KNT-CT will be supporting the Tokyo 2020 Olympics in the category of Travel agency services and national trip hospitality services. It will also be plan spectators’ tours that will bring the excitement of the Olympics to as many domestic customers.
JTB
JTB Corporation is another Tokyo-based travel agency that will be sponsoring the Tokyo 220 Olympics. The company is known to be one of the largest travel agencies in the world as it specializes in the tourism sector.
Cisco Systems GK
Cisco Systems GK is a Japanese subsidiary of the Cisco system which is a world leader in IT. The company was founded in 1992 and is now sponsoring the Tokyo 2020 Olympics in the sector of Network equipment.
Secom
Secom is one of the top security companies in Japan and a pioneer in the industry. Secom has a history of being involved in many national programs, large-scale projects, and the provision of security services at major facilities and has extensive expertise and experience in implementing security systems. The company will provide security and other services at the Olympic Village for the Tokyo 2020 Olympics.
ANA
ANA also known as All Nippon Airways is the largest airline in Japan in terms of its revenue and passengers. The company operates in both domestic and international destinations with more than 20,000 employees and 2.07 million passengers in 2010. The company will support the Tokyo 2020 Olympics in the category of Passenger Air Transportation Services.
Alsok was founded in 1965 and has operations in security for homes and buildings, and security for the secure transportation of physical cash for financial institutions. Alsok will be supporting the Tokyo 2020 Olympics with security and helping the athletes during the game.
DNP
DNP is also known as Dai Nippon Printing Co was established in 1876. It is a Japanese company known for its products and services in printing and information technology. The group has over the years expanded its business from magazines and books to the fields of packaging. The company will support the Tokyo 2020 Olympics in the category of Printing Services and will help the games with Games tickets, accreditation cards, and various communication materials.
Daiwa House
Daiwa House Industry is Japan’s largest homebuilder that specializes in prefabricated houses. The company has so far built factories, shopping centers, health care facilities, the management and operation of resort hotels, golf courses, and fitness clubs. It is also a well-known operator of freight logistics centers with more than 250 logistic companies.
Tokyo Gas
Tokyo Gas is the largest natural gas utility in Japan. The company has a history of more than 130 years and has so far constructed a network consisting of 60,000 km of pipelines that links more than 11 million customers in Tokyo. It is also the primary provider of natural gas in the main cities of Japan.
Tokyo Metro
Tokyo Metro is known to have an average daily ridership of 7.07 million passengers. It operates nine subway lines covering 195.1 km in central Tokyo seven of which offer through-services with lines operated by other railway companies. Tokyo Metro will support the Tokyo 2020 Olympics in the category of Passenger Rail Transportation Services.
Toto is a Japanese company that manufactures plumbing products, including ceramic sanitary ware, fittings for water faucets, bathtubs, and washbasins. The company is currently available in 18 countries and is known for its innovations in washrooms and toilets. The company will sponsor the Tokyo 2020 in the category of Bathroom and Kitchen Fixtures.
Tobu Top Tours
Tobu Top Tours Corporation is a Japanese travel agency with over 100 branches in japan and offices in London, Paris, New York, San Francisco, Los Angeles, Hawaii, Guam, Sydney, Gold Coast (Australia), Bangkok, Hong Kong, Shanghai, Beijing, and Singapore. The company will support the Tokyo 2020 Olympics in the category of travel and tourism.
Narita International Airport and Japan Airport Terminal Haneda
Narita International Airport is the secondary international airport in Japan, it is also the closest airport to cities like Narita, Kazaki, and Tomisato. The Haneda Airport is one of the two primary airports and the primary base of Japanese airlines like Japan Airlines, All Nippon Airways, Air Do, Skymark Airlines, Solaseed Air, and StarFlyer. Haneda was rated to be the 2nd Best Airport, World’s Cleanest, and Best Domestic Airport in the world by Skytrax.
Japan Post
Japan Post is among the top post, logistics, and Courier companies in Japan. It has its headquarters in Tokyo and is a subsidiary of Japan Post Holdings group.
Japan Airlines
Japan Airlines is the topmost Japanese airline with its headquarters in Tokyo, Japan. It operates in international and domestic passenger and cargo services to 220 destinations in 35 countries worldwide. The group is known to have a fleet of 279 aircraft.
Hisamitsu has been in the pharmaceutical industry since 1847 and is currently the leading pharmaceutical company in Japan. The company produces markets prescription, OTC products, and external pain-relieving products.
Mitsubishi Electric Corporation
Mitsubishi is a leading and pioneer electronics company with its headquarters in Tokyo, Japan. The company manufactures a wide variety of products such as include elevators and escalators, home appliances, automation systems for factories, train systems, electric motors, pumps, semiconductors, and satellites. It is the subsidiary of Mitsubishi which is a Major FMCG company.
Yamato
Yamato is one of the oldest transport companies in Japan with over 100 years of experience in the field. The company has over 4000 delivery points, 40,000 delivery vehicles, and 160,000 employees around the country. Yamato handles more than 1.6 billion packages every year.
Recruit
Recruit is a Japanese HR company that owns a search engine called Indeed. In 2016, the company had an overall sales of $17 billion with international sales contributing over 40% of the total revenue.
Manichi Shimbun and Asahi Shimbun
Mainichi Shimbun and Asahi Shimbun are two of the main national newspapers in Japan. Both the papers publish paperbacks, books, and other magazines, including weekly news magazines.
Aoki is a Japanese construction company that has constructed many buildings and hotels in Japan, Hong Kong, and Taiwan. The company will be sponsoring the Tokyo 2020 Olympics in the category of business and formal wear.
Aggreko
Aggreko is a world-leading provider of modular, mobile power, and heating and cooling. The company has a history of providing temporary electricity generators for global sporting events taking place in Japan. The company will also help the Tokyo 2020 Olympics in reducing greenhouse gas emissions and contribute to a sustainable society.
ECC
ECC is a company that provides educational activities since 1962. It also provides language training services and so will be the sponsor for the Tokyo 2020 Olympics in the category of Offline Language Training Services.
EY Japan
EY Japan is a leading multidisciplinary professional services organization that aims on building a better working world for its clients and communities. The company will sponsor the Tokyo 2020 Olympics in the category of Professional Services which will include Audit, finance, tax and project management, and management consulting.
Google
Google Japan GK has sponsored the Tokyo 2020 Olympics in the category of Internet-based information and navigation services. Google is a multinational tech conglomerate that provides internet-related services and products. Yoshiro Mori the president of the Tokyo 2020 Olympics said that they are delighted to welcome Google, a company that provides various services including internet search, online maps, and language translation, as an official supporter.
Tanaka is a world leader in manufacturing bonding wire and catalysts for PEM fuel cells. The company was founded in 1885 and is a subsidiary of Tanaka Kikinzoku Group.
Shimiza Corporation
Shimiza Corporation is a Japanese firm that specializes in architecture, civil engineering, and general contracting. The company is known to have annual sales of $15 billion and is also called the top 5 contractors in Japan and among the top 20 worldwide.
Tobu Tower Skytree
The Tobu Tower Skytree is the company that operates the Tokyo Skytree, which is a popular tourist destination and the world’s tallest freestanding tower, construction of which made full use of Japan’s most advanced building technologies. The tourist destination is located in Tokyo and many international and domestic tourists visit for the panorama of the city.
Technogym
Technogym is a Japanese company that manufactures and sells equipment and digital technologies for fitness, sport, and health. The company will sponsor the Tokyo 2020 Olympics in the category of Fitness Equipment. It will provide the games with numerous fitness and sports equipment for the athletes to practice.
Park24
Park24 is a Japanese multination corporation that operates 24-hour automated parking garages, monthly parking lots, and parking lot administration. It currently operates and manages more than 17,000 parking facilities in the country. The company is will sponsor the Tokyo 2020 Olympics in the category Parking Lot Services.
Pasona is a Japanese company that specializes in staffing services such as temporary staffing, recruiting, outplacement, and even outsourcing. The company has its headquarters in Tokyo and is the second-largest staffing company in Japan.
Marudai Food
Marudai Food is a Japanese food company that is known for manufacturing meat products and processed food product. The company will be providing the Tokyo 2020 Olympic with quality products such as Ham, Sausage, Bacon, Fish sausage, Kamaboko, Roasted pork, Sparerib, etc.
Yahoo! Japan Corporation
Yahoo! Japan Corporation is a Japanese internet company that was formed through a joint venture between the Japanese company Softbank and the American internet company Yahoo! The company’s web portal is the most visited website in Japan, and its internet services are mostly dominant in Japan. In 2021, the company was merged with Line Corporation.
Sankei Shimbun and Hokkaido Shimbun
Both Sankei Shimbun and Hokkaido Shimbun are among the top daily newspaper in Japan. Sankei Shinbun is the sixth-highest circulated newspaper in the country, while Hokkaido Shimbun is only circulated in the Hokkaido district.
NBC also called the National Broadcasting company is an American English language broadcast television and radio network that is owned by Comcast. The company has its headquarters in Rockefella Plaza, New York City, has 200 affiliations, and has 13 owned and operated stations throughout the country.
Nike
Nike is a leader and the world’s largest supplier of athletic shoes and apparel. Besides footwear and apparel, the company also makes and markets equipment and accessories. In 2020, the company’s overall revenue was estimated to be $29.6 billion. Nike is also ranked 89th in the fortune 500 lists of American companies in terms of gross revenue.
Hershey Company
Hershey is one of the largest chocolate manufacturers in the world with its headquarters in Hershey, Pennsylvania. The company is known for its baked goods like cookies and cakes and beverages like flavored milkshakes.
Ralph Lauren
Ralph Lauren is a popular fashion house that is known for its mid-range and luxury clothing. Besides clothing, the company also makes apparel, home, accessories, and fragrances. The company was first started by the fashion designer Ralph Lauren in 1967 and currently has its headquarters in New York City.
Mobile Premier League popularly known as MPL is India’s most popular & largest esports and mobile gaming platform. The company has so far made over 50 plus games which are available on both Apple and Android. It currently has more than 60 million users in India.
Herbalife Nutrition
Herbalife Nutrition is an upcoming company that manufactures and sells dietary supplements. The company has its headquarters in Los Angeles, California, and has over 8,900 employees worldwide. Herbalife Nutrition operates in over 94 countries and has more than 4.5 million distributors and members across the world.
JSW Group
JSW Group is a Mumbai-based multinational conglomerate that has a footprint in the industries of steel, energy, minerals, ports, infrastructure, and cement. The company is a subsidiary of OP Jindal Group and is in countries like India, America, South America, and Africa.
Adani Group
Adani Group is an Ahmedabad-based multinational conglomerate that was founded by Gautam Adani in 1988. The group has numerous businesses in the industries such as port management, electric power generation, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure. The company is known to have annual revenue of $13 billion and is present in over 50 countries.
Speedo is a leading manufacturer of swimwear and swim-related accessories. The company has its headquarters in Nottingham, England. The company products used to be manufactured across Australia but not anymore. The company was brought by the Pentland Group for $170 million in 2020.
GoDaddy
GoDaddy is one of the best internet domain registrar and hosting company. The company has its headquarters based in Tempe, Arizona, and is currently also known for its advertising on TV and newspapers. As of 2020, GoDaddy has over 20 million customers and more than 7000 employees around the world.
Cadbury Australia
Cadbury is the second-largest confectionery brand in the world, as it is available in over 50 countries worldwide. Cadbury was brought by Mondelez International in 2010. The company has its headquarters in Uxbridge, London, and is known for its wide range of chocolate and dairy products.
Optus
Optus is a leading Australian company integrated communications that serves over 9.5 million customers every day. Optus is known for its services that include mobile, fixed, and IP telephony, business network services, fixed and wireless broadband, and satellite services.
Hanjin Travel agency is a subsidiary of the Hanjin group with experience of over 50 years in the industry. The Hajin Group is a Korean conglomerate that operates in air-land-sea transportation. There are 23 affiliated companies working under the group.
BBQ Chicken
BBQ Chicken started in 1995 and is currently the No. 1 food franchise brand in Korea. It has over 1000 outlets just in Korea and has also started the world’s first and only Chicken University in 2000. The company is also among the top 100 brands in South Korea.
Hyundai
Hyundai is a leading automotive manufacturer with its headquarters in Seoul, South Korea. The company was initially founded in 1967 and is currently operates the world’s largest integrated automobile manufacturing facility Ulsan. Hyundai has over 75,000 employees in over 193 countries worldwide.
Russia
Sberbank
Sberbank is a Russian banking and financial services company that has its headquarters based in Moscow, Russia. According to The Bankers Top 1000 World Banks ranking, Sberbank is the largest bank in Russia, third-largest in Europe, and 60th in the world.
Gazprom
Gazprom is an energy corporation with its headquarters based in Saint Peterburg, Russia. As of 2019, the company had an overall sale of $120 billion in 2019 and is the largest publicly-listed natural gas company in the world. According to Forbes Global 2000, Gazprom was ranked as the 32nd -largest public company in the world.
Purplebricks is a UK-based online estate agent, which was founded in 2012 by Micheal Bruce and Kenny Bruce. The company is UK’s fastest-growing estate agency as it offers smarter, more convenient, and cost-effective ways to buy or sell.
National Lottery
The National Lottery was established in 1994 in the United Kingdom and is operated by Camelot Group. The National Lottery is and regulated by the Gambling Commission and around 53% goes to the prize fund while the other 25% goes towards good causes.
Aldi
Aldi is one of the topmost supermarket chains in Europe. It has over 10,000 stores in more than 20 countries worldwide. The company was originally started by Karl and Theo Albrecht in 1946 and currently has a turnover of $59 billion.
Frequently Asked Questions
How much does it cost to become an Olympic sponsor?
According to Quartz, sponsors currently pay up to $300 million per cycle or quadrennium which is a four-year package for partnering. Bridgestone and Panasonic are known to have paid $200 million to $250 million each to become global partners for four years. While Airbnb paid an estimated $500 million for an eight-year contract.
What impact does the Covid 19 pandemic have on sponsorship?
Because of the Covid 19 pandemic, the IOC has made a rule not allowing international fans to enter the city of the 2020 Olympic Games in Tokyo. Since the games were postponed, companies had to pay extra for sponsorship and this declined the value of sponsorship. Despite the tense economic situation, Japan’s domestic sponsors have also pledged their continued support for the Games.
What do sponsors get in return?
The sponsors and partners can use the Olympic logo of the rings the Olympic flame in their marketing activities. They can also use the designations and imagery, including emblems, mascots, and slogans depending on which tier of sponsors they are.
What is the four-tier of Olympic sponsorship?
The four tiers of Olympic sponsorship are the Worldwide Olympic Partners, Tokyo 2020 Olympic Gold Partners, Tokyo 2020 Olympic Official Partners, and Tokyo 2020 Olympic Official Supporters.
Who are the Worldwide Olympic Partners?
The Worldwide Olympic Partners are Coca-Cola, Airbnb, Alibaba, Atos, Bridgestone, Dow, GE, Intel, Omega, Panasonic, Procter & Gamble, Samsung, Toyota, and Visa.
Who are the Tokyo 2020 Olympic Official Partners?
The Tokyo 2020 Olympic Official Partners are Ajinomoto, Earth Corporation, Education First, Airweave, Kikkoman, KNT, JTB, Cisco, Secom, ANA, Alsok, DNP, Daiwa House, Tokyo Gas, Tokyo Metro, Toto, Tobu Top Tours, Toppan Narita Airport, Japan Post, Japan Airport Terminal Haneda, Japan Airlines, Hisamitsu, Mitsubishi Electric, Yamato, Recruit Holdings, The Japan News, The Asahi Shimbun, and Mainichi.
Who are the Tokyo 2020 Olympic Official Supporters?
The Tokyo 2020 Olympic Official Supporters are Aoki, Aggreko, ECC, EY Japan, Kadokawa, Google, Kokuyo, Shimizu Corporation, Tanaka Holdings, Technogym, Tobu Tower Skytree, Nomura, Park24, Pasona Group, Marudai Food, Morisawa, Yahoo Japan Corporation, The Sankei Shimbun, and The Hokkaido Shimbun Press.
When are the Tokyo 2020 Olympics taking place?
The Tokyo 2020 Olympics was postponed to be held from 23rd July to 8th August 2021.
The pandemic has changed the face of all systems that existed. The world is now divided into two parts – Pre and Post Covid. It highlighted many aspects of everyday activities that can be changed for the better. This pandemic is going to result in entire societies being transformed in the years ahead.
The Banking sector is not untouched by the pandemic. Although it was fully functional even when most services closed, it still underwent immense crisis during the pandemic. The banking sector, just like any other industry, has to implement newer methods into its system to stand the test of time.
The Banking sector prides itself on the digital functionality that it has built over the years. But Covid challenge their beliefs and established the fact they need more digitization.
In India, e-wallets and online money managing software gain pace but they are popular only in urban areas. In most rural areas, people still need to go to banks for basic deposits and withdrawals.
The world is moving towards voice-based artificial intelligence, personal smart assistants, built into our homes and mobiles. Therefore, the design of banks to fit in this world requires rethinking banking from the ground up.
Bank much start looking for new product launch opportunities, as well as generate newer offerings toward an advisory and protection focus. Advanced analytics helps them in identifying relevant ideas for growth, but it should be combined with an alteration of digital sales journeys and marketing.
Newer Models for Risk Management
Banks obtain their credit risk modelling from traditional credit bureaus that are both historical and static on the other hand new models are already established to assess small businesses in various contexts, for example, the supply chains that they serve along with the communities that they belong to. So, the risk management model for banks will change over time to be a relevant creditor to small businesses, that are rapidly increasing.
More user-friendly Experience
The banks have an image of being unpleasant and excessively difficult. They have to work towards changing in order to serve society. Private banks are providing more options to customers where agents will be on hand to guide them through transactions on their own devices, and the space will be renewed to more casual seating areas for important conversations. Changing the style and interior of branches also supports social distancing.
AI will be a crucial change as banks move forward from using these not only to monitor transactions but also to assist customers via “conversational banking”. Banks will be combining human and digital channels to help the customers which will be quick and cost-effective. As the love for instant messages grows and demand for 24/7 banking services picks pace, conversational banking involving AI chatbots enables banks to engage in a personalized manner.
Conclusion
We all are a part of the post-Covid world now and both consumers and creators in every sector understand that changes have to be made. Banking will evolve and become more user-friendly and they realize they depend on the society that they serve and not the other way around. Since users have more options to handle money now, banks have to pick up the pace to implement these changes into their systems.
FAQ
How are banks using augmented reality?
Banks are employing AR apps that help customers to find the nearest banks and ATMs.
Is Digital banking the future?
Yes, Covid 19 has also given a rise to Digital banking as it has eliminated the need for consumers to physically visit a bank branch.
What will bank branches look like in 10 years?
According to the experts, Bank branches will have fewer staff and will deploy more powerful ATM machines.
In this hour of need, startups have again risen to the occasion to help India cope with the second wave of the COVID-19 pandemic. From providing free vaccinations to imparting mental health sessions, Indian startups hasn’t left any stone unturned to help the country fight the Covid 19 pandemic. StartupTalky reached out to various startups to know how they are fighting the second wave of Covid 19 pandemic. Have a look!
Look at How these startups are helping the country to fight Covid-19:
Alserv – a tech start-up focused on non-real-estate-based assisted living services for the elderly has now launched “Alserv Care” for COVID-19 positive elderly individuals. This entails delivery of meals, grocery and medicine, facilitating services of nurses and caretakers, providing oxygen support and other medical equipment to the elderly (upon request).
Enabling quality care at home, Alserv provides these services starting at ₹300/month. The elderly can choose home cooked meals to be delivered at their residences from the variety of choices available. Alserv is delivering home-cooked meals through verified service providers who maintain the highest quality and hygiene standards.
For elderly who are living alone, Alserv is facilitating the services of nurses and caretakers who can stay at home with the elderly and take care of their needs. Speaking about the launch of Alserv Care, Jagadish Ramamoorthy, Co-founder & Director, Alserv, said – “Currently in our country, the hospitals do not have the sufficient number of beds to take care of COVID positive individuals. Also, we believe for the elderly, home care is critical in ensuring complete recovery from COVID. We are already receiving positive feedback regarding Alserv Care from our customers.”
To avail this new service from Alserv, users can download the Alserv app from PlayStore/AppStore or reach out to the helpline: +91-044-4666 4888.
The pandemic has increased the emphasis on the ‘human connect’ aspect of the HR function. Startups always run in a super dynamic and fast paced environment, and this element is even more prominent now for those operating in the healthcare sector. At StanPlus, we handhold our employees if they or anyone in their families are affected by Covid. Quarantine facilities and emergency services are provided at no cost. We ensure that our people on ground have sufficient supply of PPE kits and sanitizers always. Considering the industry StanPlus operates in, we realize the pressure and secondary trauma our people go through. Therefore we have taken away the concept of sick leaves. The employees have the liberty to take leaves whenever they feel overwhelmed. We are tackling these uncertain times as a family.
Spokesperson: Sudipta Sengupta, Founder & CEO, THIP Media
While there are a lot of efforts going into managing the pandemic, we are fighting the infodemic (fake news around COVID 19). Infodemic is a major problem even recognized by WHO. From falsifying treatments to creating Vaccine hesitancy – health misinformation and disinformation has major effects at multiple levels. We, as an IFCN certified Fact Checking organization, we weed out such messages from social media, fact check them along with doctors and medical professionals and publish in 7 different languages.
Rite KnowledgeLabs – Startups support during Covid 19
Mumbai-based startup Rite KnowledgeLabs has sanctioned an additional two days as vaccination leaves to all their employees, helping them to cope with the side effects of vaccinations, if any. The startup has provided a ‘no questions’ asked vaccination allowance to its employees, including their family members. The prolonging of the pandemic with a severe second wave has brought with it unique challenges.
At Rite KnowledgeLabs, we have always been proactive in our approach in enforcing the government regulatory directives from the onset of the pandemic and empowering employees to adapt to the ‘New normal’ way of working with a complete #wfh model. It has led to a series of infrastructural changes/support and social adjustments in the way we function.
Zaggle learnt about the challenges faced by Founders to access credit and especially in this pandemic where starts ups are shutting down or in a financial need, to meet their business expenses. This led the Foundation to ZikZuk a Financial Technology company that solves financial pain points of SMEs and Startups. It is a SME Neo Open Banking Platform with FoundersCard as its 1st Product. We want to create a platform for businesses to easily access financial services from different financial service providers. To avoid the hassle of different accounts, having cheque signed by authorities, going through RTGS, we thought this process should be automated through a platform to quickly flake in and move the funds to ensure that the cheque gets cleared without having to go through the process manually.
FoundersCard is a Corporate Credit Card targeted at Business Owners and Founders. It solves the credit problems, and provides an excellent customer experience by leveraging technology and providing easy access to capital. FoundersCard is a Single payment instrument which can be used to Optimize Working capital and Digitally manage all the expenses of a SME/Startup. The card will be available in different form factors such as virtual card, physical card, e-card, on mobile etc. that will be issued to Founders. The credit card will be available in the form of domestic pre-paid, forex pre-paid and corporate credit and various other benefits that really matter to the Founders of start-up companies. Other than that we have helped in distributing ample of Mask, PPE kits to Indian Police, Daily necessities in village around Hyderabad.
Founded in 2017 by Aneesh Nair, Divya Laroyia and Shyatto Rana, MyHealthcare is a digital healthcare platform launched to improve access to healthcare services by connecting hospitals, doctors, and patients online. It works in partnership with hospitals such as Fortis, BLK, and Nanavati for online doctor consultations.
Shyatto, CEO & Co-founder of MyHealthcare, said, “Our partner hospital and clinic doctors have used our digital EMR and virtual consult platform to connect with patients. This convenience has seen a great acceptance from patients, especially during the last few months.
To support patients and hospitals amid the second wave of covid which resulted in the acute shortage of hospital beds and other resources, we launched our speciality healthcare service called MyHealthcare@Home. It is for patients who are under home isolation. Connected with a hospital team that keeps track of the patient’s health and wellness, the command center of the platform allows the medical staff to track vitals, read patient notes, view medical history, prescribe medicines, alert hospitals among other services, all in real time.
The system offers the already overloaded medical professionals a convenience that saves time and equips them with data to provide quick assistance. Moreover, in an effort to further offer primary specialty care, MyHealthcare is providing air and ground medevac for emergencies. This service entails safely transporting a patient from their location to another city hospital, post the confirmation of admission.”
Integration Wizard Solutions extend its health, safety and security solutions to hospitals, retail stores, warehouses, ATMs, etc. Their client relations are built across continents with AWS, Microsoft, Xerox, Godrej, Heineken, Johnson Controls, Tata, etc. They encourage less human contact, better social distancing, and accurate monitoring of patients/ workers/ people/ businesses.
In the last few weeks, we have witnessed the entire country come together, pool in resources and fight the battle against COVID-19. At Cashfree, we wanted to use our technical know-how and existing infrastructure to create a product that will help those who are helping others. Through the release of ‘Payment Links for Donation’, we intend to make the process of collecting donations easier for those who do not have the technical infrastructure.
The pandemic is impacting everyone around the world and every aspect of our daily lives: our social interactions, our family lives, our communities, and, of course, how all of us work. It’s times like these that remind us that each of us has something to contribute and the importance of coming together as a community. We want our employees to know that we are prioritizing the health and safety of them as well as their families first and foremost. To help them weather the second wave of the coronavirus safely, we have announced initiatives to help the, cope with this struggle. This is why we have directed our efforts to not only help our employees, but also their family members so that they can recover well.
The Covid-19 pandemic has been emotionally challenging for many people, changing the day-to-day life of everyone involved in unprecedented ways. As the second wave of the pandemic continues throughout the country, companies are tasked with balancing the health and safety of their employees while continuing to keep them motivated. During this second wave, Furlenco has taken many steps to help its employees in managing through these tough times.
In continuous efforts to tackle pandemic challenges, Ajith Karimpana, Founder & CEO, Furlenco says, “As India struggles with the latest, brutal wave of COVID-19, we at Furlenco are committed to supporting employees, partners, customers, and friends in their efforts to stay safe. We recognize the importance of our delivery staff as Front Liners and are doing everything to ensure their safety, and that of the customers interacting with them.”
Acknowledging their role as front liners during the pandemic, Furlenco has further enhanced Product Sanitization and Packaging Processes to ensure the complete safety of their delivery executives, while caring more for the safety of both our customers and our delivery champs alike. From effective sanitization of furniture and appliances to thorough clean-up after every installation, Furlenco makes sure that safety measures including ensuring social distancing in warehouses, distribution of masks and sanitation of all warehouses are being thoroughly followed to ensure the safety of all.
During this second wave and lockdown, the Furlenco delivery champions are the heroes making sure that products are reaching customers directly in the safety of their homes. Furlenco’s primary focus has been on Vaccinating their Delivery Executives serving as the front line of the business, with the vaccination costs of all employees being 100% borne by the company. This is a major step for the organization in supporting the needs of their delivery partners, benefitting both these providers of essential services and society as a whole with a safer delivery network.
For those employees who have tested positive for the virus, Furlenco has established a Covid Task Force dedicated to closely helping them and their families with any assistance required be it need of medical assistance, medicines, plasma, oxygen cylinders, oximeters and tele-consultation. In the same spirit, their Buddy Programme ensures that each and every employee has a fellow Furlenco team member identified for support and assistance. From its front line delivery staff to company CEO and founder, Ajith Karimpana, every Furlenco employee is equally involved in the programme and has a part to play in supporting the team.
Additionally, advancements in technology and social media present many opportunities to keep people safe, informed, and connected during the second wave of Covid-19. Furlenco has leveraged its Social Media platforms and Internal Communications channels to create awareness for those in need and to broadcast messages regarding Covid-19 help and support.
The safety of everyone around us and their family is of utmost importance. At challenging times such as these it helps to remember that we all want the same thing: for the people we care about to stay healthy, the virus’ impact to diminish, for treatments to be developed and for life to return to normal. That shared sense of hope and purpose can encourage each of us during this difficult time and help us rally to meet the challenges we face. We thank every person at Furlenco for all they are doing to help not just Furlenco, but also the partners and customers who count on us and the communities that we call home. Together, we know we can meet these challenges.
We are trying to encourage startup founders and innovators in the community to contribute towards Covid relief-related initiatives. Our mentor network has stepped up to provide one-on-one strategic mentoring sessions to startup founders in the ecosystem who are contributing to Covid-relief causes. Donations pooled for covid-relief efforts will go a long way toward mobilizing funds and resources for obtaining necessary supplies and coordinating logistics. Any growth stage startup founder or early stage entrepreneur who provides valid proof of such donation is eligible for a venture development mentoring call with an industry expert on their startup company!
Vantage Fit
Startup
Vantage Fit
Founders
Anjan Pathak, Partha Neog
Founded
2011
Headquarters
New Delhi
Industry
Software
Spokesperson: Anjan Pathak, Co-founder & CTO, Vantage Fit
Vantage Fit – Startup helps during covid pandemic
Vantage Fit, an AI-Powered Corporate wellness solution, is devoted to creating awareness about employee health, but at the same time is also dedicated to helping employers, encouraging a healthy lifestyle amongst their employees, which is an integral part of tackling the Covid-19 related health and mental well-being. Vantage Fit, a flagship corporate wellness product of Vantage Circle, was created with the vision of bringing work and wellness together for a sustainable future.
Spokesperson: Amit Nigam, COO & Executive Director of BANKIT
Bankit – Startups support during Covid
Amidst the catastrophic second wave of the pandemic ravaging the country, India’s ongoing vaccination drive is now open for the 18-44 age group, albeit with the government mandating that there will be no walk-in vaccinations for this age group, and everyone must register on the CoWin app to book a slot. However, a large chunk of India’s population resides in the hinterlands, in remote areas with little to no access to technology. Besides, many may not be tech-savvy either, thereby needing a certain degree of handholding to complete the self-registration process and book a slot.
Against this backdrop, BANKIT, a Noida-based FinTech startup, through its DigiMitra outlets, is assisting India’s rural population in registering for getting inoculated faster through its portal. With the link of the CoWin self-registration portal in the BANKIT agent app and portal, BANKIT is committed to doing their bit to ensure that every citizen in the country get the vaccine at the earliest. People who are not digitally equipped or informed can go to the nearest BANKIT outlet and have them registered through the BANKIT app and portal. BANKIT has 60,000+ agent outlets spread across 8800 pin codes PAN India. Through this initiative, BANKIT aims to handhold over 2.2 million citizens across the country for COVID-19 vaccine registration from their outlets.
There is a huge digital divide between rural and urban India. Despite significant growth overall in terms of technology adoption, rural India is still not well equipped or skilled to use available digital sources. BANKIT has always been committed to bringing digital services to rural areas and helping the people utilize the same. Through this initiative, BANKIT will be including the vaccination link in its app and portal where our correspondents can help those in India’s hinterlands register them for booking appointments for getting inoculated. We hope the country soon recovers from the pandemic and bounces back to normalcy.
BANKIT agent outlets witness over 2 crore customers walking in each month to avail its wide range of banking and financial services.
Spokesperson: Nithya J Rao, Co-founder, Heart It Out
Heart It Out helps during covid 19
Heart It out is a mental health organisation. The pandemic has deeply affected the mental health of people. Heart It Out launched ‘Brief Relief’- a 24×7 Free chat service which provides an individual with immediate emotional support in a safe and non-judgemental environment. The helpline aims at de-stigmatising mental health and providing accessibility in eleven Indian languages.
Enduring these unprecedented times gets a lot easier when we connect, share and seek support from those walking the same path. Heart It Out has thus been conducting ‘Pandemic Peer Support Sessions’ to enable listening authentically to peers sharing their everyday experiences so we extend and receive support from one another. These sessions are open to all front line workers in various sectors like medicine, security and food delivery. Aside from these we also offer regular one-on-one psychotherapy, workshops and light hearted, fun events. We have served over 8000 people over the last year in various capacities.
With the second coronavirus wave disrupting the startup environment, AAIENA has been trying to help the retail vendors by harnessing technology. AAIENA, an Artificial Intelligence and Augmented Reality based body measurement sizing software, came up with virtual shops to provide retailers with a platform to carry on their business online. This helped them earn by creating their visibility amongst the target audience. Here, AAIENA also devised an alternative feature, trial and earn initiative, to help vendors earn even when they are unable to sell the product. The vendors are entitled to get 70% of revenue for getting the per trials which is safe & secure.
Lifelong India
Startup
Lifelong India
Headquarters
Gurgaon, Haryana
Industry
Consumer Durables, Home Appliances
Spokesperson: Bharat Kalia, Co-founder & CEO, Lifelong India.
Lifelong India fights Covid 19
In these unprecedented times, we have witnessed how the nation hascome together to bravely battle the pandemic. As a brand, we knew our efforts had to be two-fold, so we could help and ease the worries of both, our customers and our employees. We understood the importance of certain kitchen appliances, like gas stoves and mixer grinders, and how crucial they are for everyday use. When our customers requested support or service for these products, and we were unable to provide it due to strict lockdown restrictions within their district, we replaced the product for them through no-contact delivery. We ensured that our customers’ grievances were adequately and timely addressed. For our employees and their families, we opened up our call centre lines to verify any leads and availability of beds, injections, medicine and oxygen. When someone tested positive, they could focus on getting better without worrying about tracking leads. We supported our team further, by providing health insurance that included covid coverage.
Spokesperson: Bharti Singh, Sr Manager – People, Leverage Edu
Leverage Edu – Startups Fighting Covid 19
As things started to get bad last week, Akshay asked us to set up a small team to help internally. That very quickly scaled into we helping patients and their families across the country, bulking up the team, and being able to help more than 300 people already. Alongside, Akshay also recently announced free vaccines for all of our 200 employees & their families, & at the moment we are also working towards setting the logistics of it. It’s empowering to work in a missionary company, where the focus is on always doing the good, all else later.
Conclusion
These startups have proved that nothing is impossible! Even in this pandemic situation, individuals and groups are coming forward to help the humanity survive. It is this dedication, commitment and positivity that will help the country to fight the Covid. If you’re a startup that has joined the fight towards Covid 19, do contact us to get featured in the list.
The vaccination drive for Covid 19 has been started across the globe. Vaccines have been developed and manufactured by a lot of companies around the world. Below are the top companies which are involved in the development and manufacturing of Covid vaccines.
Pfizer is an American based pharmaceutical company. It was founded in the year 1984 and has its headquarters in New York. Pfizer is one of the world’s largest pharmaceutical company. The company develops and manufactures vaccines and medicines for a wide range of medical disciplines.
Pfizer is in the process of development and manufacturing of mRNA vaccine for Covid 19.
Astra Zeneca
Astra Zeneca is a British-Swedish multinational biotechnology and pharmaceutical company. The company has its headquarters in Cambridge, England and was founded in the year 1999. Astra Zeneca has a portfolio of products for major diseases in areas such as oncology, cardiovascular, infection, respiratory, etc.
Astra Zeneca is well known for its involvement in developing the Oxford-Astra Zeneca Covid 19 vaccines.
Serum Institute of India
Serum Institute of India is an Indian Pharmaceuticals and Biotechnology company. It is the largest manufacturer of Vaccines around the globe. The company was founded in 1966 by Cyrus Poonawalla and is based in Pune, India. Adar Poonawalla is the Chairman, President, and CEO of the company.
Serum Institute of India has tied up with Astra Zeneca which is a pharmaceutical company. The company has released a vaccine called Covishield.
Bharath Biotech
Bharath Biotech International Limited is an Indian company which deals with biotechnology. The company has its headquarters in Hyderabad, India. The company is involved in drug development, manufacture of vaccines, drug discovery, bio-therapeutics, healthcare products, and pharmaceuticals.
It has partnered with the state-run Indian Council of Medical research in developing a vaccine against Covid-19 called as COVAXIN.
Moderna is a an American-based biotechnology and pharmaceutical company. The company has its headquarters in Cambridge. The company focuses on discovery of drugs, development of drugs and vaccine technologies.
Moderna is in the process of developing mRNA vaccine for Covid 19.
BioNTech
BioNTech is the short form for Biopharmaceutical New Technologies. It is a German based biotechnology company which has its headquarters in Mainz Germany. The company was founded in the year 2008.
BioNTech is also in the process of developing mRNA vaccine for Covid 19.
Novavax
Novavax is an American based Pharmaceutical company which is involved in the manufacturing of vaccines. The company was founded in the year 1987 and is located in Gaithersburg United States.
Novavax is in the process of development and manufacturing NVX-CoV2373 which is a vaccine for Covid 19.
Sinovac
Sinovac Biotech Ltd is a Chinese based biotechnology company. The company was founded in the year 1999 which is located in Beijing, China. The company focuses in the research and development, commercialization and manufacturing of vaccines which will protect against human infectious diseases.
Sinovac Biotech Ltd is in the process of development and manufacturing of CoronaVac which is a vaccine for Covid 19.
CanSino Biologics
CanSino Biologics is a Chinese vaccine company. The company was founded in the year 2009 and is headquartered in Tianjin, China. The company is in the process of development and manufacturing of Ad5-nCOV which is a vaccine for Covid 19.
Rate of COVID-19 vaccination worldwide as of April 10, 2021
Johnson & Johnson is an American multinational corporation. The company was founded in the year 1886 and has its headquarters in New Jersey, New York. It focuses on developing medical devices, consumer packaged goods and pharmaceuticals.
Johnson & Johnson is in the process of developing Ad26.COV2.S which is a type of vaccine for Covid 19.
Inovio
Inovio Pharmaceuticals is an American based biotechnology company. It was found in the year 1983 and has its headquarters in Pennsylvania. It focuses on the development, discovery and commercialization of synthetic DNA products. The products are used for treating Cancer and infectious diseases.
Inovio Pharmaceuticals is in the process of developing INO-4800 which is a DNA based plasmid Covid 19 vaccine.
R-Pharm
R-Pharm is an international pharmaceutical company. It has its headquarters in Russia. The company was founded in the year 2001 by Alexey Repik. The company concentrates on areas which include research, development, production and marketing of drugs which is primarily on inpatient and medical care.
Their main focus is on activities such as production of finished dosage forms, research and development of drugs and technologies, introduction to Russian market of pharmaceuticals, etc.
In December 2020, the company had got into a memorandum of understanding (MOU) with Astra Zeneca in the manufacturing of Oxford Astra Zeneca Covid-19 Vaccine.
BIOCAD is a Russian based pharmaceutical company. The company has its headquarters in Saint Petersburg, Russia. The company has offices in Belarus, India, China, Brazil and even United States. It is said that 40% of the company’s employees are scientists.
The company focuses on discovering, developing and manufacturing vertically integrated drugs. The company has around 50 products in its portfolio. BIOCAD is currently developing a mRNA vaccine for Covid-19.
Pharmasyntez
Pharmasyntez is a Russian based Pharmaceutical company. The company was founded in the year 1997 in Irkutsk. The first factory of the company was opened in the year 1999.
The company has more than 50 products in its portfolio. The company also supplies medicines to the largest pharmaceutical distributors in Russia. It is one of the top 3 fastest growing pharmaceutical companies in Russia.
Pharmasyntez is expected to start the production of Covid-19 vaccine Sputnik V.
FAQ
Is India exporting Covid vaccine?
Indian government has decided not to ban the commercial export of Covid-19 vaccines by the two manufacturers based in India, for now.
Who issued the official name of COVID-19?
The official names COVID-19 and SARS-CoV-2 were issued by the WHO on 11 February 2020.
Is the US using AstraZeneca vaccine?
AstraZeneca’s Covid-19 vaccine has not yet been rolled out in the U.S. as the Food and Drug Administration (FDA) has only authorized the use of vaccines developed by Pfizer, Moderna and Johnson & Johnson.
Conclusion
These are the top companies in the world that is involved in the manufacturing and development of Covid 19 vaccines.
Preeti Karna
