The strategic partnership allows Sommet Education to establish two of its prestigious institutions in India
Sommet Education, one of the worlds leading hospitality and culinary education players, recently joined hands with the countrys premium hospitality institute, Indian School of Hospitality (ISH).
With this Sommet Education now own a 51 per cent stake in the ISH, a significant addition to the former’s expansive global network. The strategic partnership allows Sommet Education to establish two of its prestigious institutions in India: Ecole Ducasse, a worldwide education reference in culinary and pastry arts, and Les Roches, one of the world’s leading hospitality business schools. With this academic alliance, Ecole Ducasse will now have its first campus in India at ISH, and Les Roches will launch its undergraduate and postgraduate hospitality management programmes in the country.
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Sommet Education’s belief in the Indian market and its potential to grow exponentially made the country the focal point of its development plans. As per the recent data, the Indian hospitality industry has shown a 122.9 per cent growth in RevPAR in Q3 2021 as compared to Q2 2021. The sector bounced back strongly with the relaxations in regulations over travel restrictions post the second wave of the pandemic.
During the recent meeting between Benoit-Etienne Domenget, CEO, Sommet Education and Dilip Puri, Founder & CEO, Indian School of Hospitality, both the leaders shared their future development plans for India. Two are exploring opportunities to launch a second campus, most likely to be located in Mumbai, Bengaluru, or Hyderabad. The duo also plans to set up a network of Ecole Ducasse studios in select cities across India, including New Delhi, Mumbai, and Bengaluru. These studios institutes will cater to the needs of not only hospitality aspirants but also professionals, enthusiasts, and career changers for upskilling and acquiring new skills in line with changing dynamics of the industry. Besides setting Ecole Ducasse studios in India, the expansion of the current ISH Gurugram campus is also underway. The new campus will feature an additional 25,000 sq. ft of classrooms, training kitchens, and student experience areas. This expansion will comfortably stretch the current capacity of the campus to over 500 students.
Speaking about the entering Indian market, Sommet Education CEO, Benoit-Etienne Domenget, said: “India is one of the fastest-growing countries in the world, with hospitality and tourism contributing to a large share of economic growth and employment. As a dynamic young economy, India is the perfect development platform for international education brands to invest in and expand. We are happy to partner with ISH through which enables us to provide Indian students, within the country, with globally renowned standards of hospitality, culinary and management education.
“Together, we will be able to address the industry’s need for specialised talent and expertise in a better and more organised manner. Hospitality management and culinary arts aspirants in India and neighbouring countries will now be able to benefit from our combined expertise and explore international career opportunities.”
The mutually benefitting collaboration aims to offer a global standard of education to a larger number of hospitality and culinary arts aspirants in the years to come in India and the neighbouring countries. While ISH has set benchmarks with its cutting-edge pedagogical approach, updated curriculum, learning techniques, faculty base, and state-of-the-art infrastructure, expansion of the campus will lay grounds for more talented students to set foot into the exciting field of hospitality and culinary arts and become future leaders who will steer the industry towards success. New facilities are under construction and will be operational by early 2022.
Commenting over the new partnership and expansion plans, ISH Founder and CEO, Dilip Puri, said: “ISH and Sommet Education joined hands for the two share similar belief system and vision of establishing entrepreneurial and developmental mindset among learners. The higher education landscape in India is rapidly transforming. In order to elevate the same to the global standards, ISH, with the help of its new partner, intends to be the pioneer of this transformation, bringing the best of industry education and opportunities from across the world to our students.
Industry demands for hospitality leaders by bringing two of the world’s best brandsUnsplash
Also read: 5 Career opportunities in Diverese Industries
“Partnering with Sommet Education will also enable us to strengthen our academic offerings and expand our presence pan India, and in neighbouring countries, as now on we will be part of Sommet’s prestigious network of 18 campuses across eight countries. We will also be able to further support industry demands for hospitality leaders by bringing two of the world’s best brands in hospitality management and culinary education to India.”
The current transition in the hospitality and services sector requires future leaders to be well-prepared to take on global opportunities emerging in India and abroad. This tie-up will help ISH to further expand its portfolio of programs with opportunities for students to study semesters abroad and benefit from various pathways within undergraduate and post-graduate programs throughout the Les Roches network of institutions. Students can access opportunities, including pursuing a part of the select course at Les Roches campuses in Crans-Montana, Switzerland, Marbella, Spain and Shanghai. Together the two hold a common vision of empowering learners with new-age skills to stay ahead in the robust and fast-evolving industry and aim to become the country’s largest hospitality and culinary arts education player in the next three years. (IANS/PR)
Keywords: hospitality management, culinary education
Indian SaaS firms may reach $30bn in sales
Over the past five years, the number of software-as-a-service (SaaS) firms have doubled in India and the SaaS firms in the country are poised to reach $30 billion in revenue by 2025, a new report showed on Tuesday.
India now has 13 SaaS unicorns and between seven and nine companies with over $100 million in annual recurring revenue (ARR).
The investments in Indian SaaS companies rose to $4.5 billion in 2021 — an increase of 170 per cent from 2020, with growth primarily driven by a surge in the number deals over $50 million, according to the report by management consulting firm Bain & Company.
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In 2021, more than 35 Indian SaaS companies had more than $20 million ARR.
“With heightened interest in SaaS, India has witnessed the emergence of dedicated SaaS-focused funds as well as participation from new investor categories, including corporate venture capital (CVC) and sovereign wealth funds,” said Arpan Sheth, Bain & Company partner and leader of the firm’s India’s Private Equity and Alternative Investor practice.
The top 10 investors’ share in total deal value across 2019-2021 was 30 per cent-35 per cent, with Tiger Global (by value) and Sequoia (by volume) being most active over 2020-2021.
India’s SaaS is driving value creation in four keyways, according to the report.
The number of Indian SaaS exits increased by 100 per cent from 6 in 2018 to 12 in 2021 with Freshworks’ initial public offering (IPO), therefore initiating a new wave in exits.
Further, Indian SaaS firms have exhibited high capital efficiency with excellent ARR-to-funding ratio in line with their global SaaS peers.
Select Indian companies are even outperforming their US counterpartsUnsplash
Also read: Oracle Dials Saas 2.0 to help Indian Business
“Select Indian companies are even outperforming their US counterparts. Currently, these SaaS companies employ more than 62,000 people, which is in effect, helping to build a talent pool of professionals with SaaS-relevant skills, in India,” the findings showed.
In addition, more than 250 new Indian firms founded by former employees of Indian SaaS companies themselves, who now employ more than 5,000 people.
“This strong demand for high quality SaaS investment opportunities also means that beyond capital and network access, investors increasingly offer avalue add’ operational support in areas such as GTM (go to market), product, and recruitment to meet rising expectations from founders and to participate in deals”, explained Sheth. (IANS/PR)
(Keywords: Software, SaaS, India)
Initially, the firm announced a feature called Audio Recording in Latin America as a way to make people using Uber there feel more safe.
Ride-hailing major Uber has introduced a new in-app safety feature that will allow drivers as well as riders to record audio during trips.
Initially, the firm announced a feature called Audio Recording in Latin America as a way to make people using Uber there feel more safe. The feature is now available in more than a dozen countries throughout Latin America, including Brazil and Mexico.
“To help protect privacy, the audio file is encrypted and stored on the rider and driver’s devices and by default no one can listen to the audio, including Uber. If either user submits a safety report to Uber, they can attach the audio file to their report,” the company said in a statement.
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Once riders and drivers enable this feature, they can choose to record audio by tapping the shield icon on the map screen and selecting “Record Audio”.
Riders and drivers can choose to record individual trips, and drivers will also have the option to leave the feature on while they are online.
Throughout Latin America this feature has been a popular way to promote safe, comfortable interactions while on a trip. For instance, nearly 70 per cent of riders and drivers surveyed in Rio de Janeiro told the brand this feature helped them feel safer when using Uber.
In addition, the company has expanded the capabilities of our RideCheck technology to detect when a trip takes an unexpected route or when a trip ends unexpectedly before the rider’s final destination.
Uber first introduced RideCheck in 2019, using GPS data and sensors in the driver’s smartphone to detect possible crashes or an unusually long stop during a trip.
Also read: Uber Redesignes its Uber Fleet App in India
Based on feedback from drivers, the firm will soon launch a new proactive, audio seat belt alert that reminds riders to buckle up at the start of a trip.
The audio alert will come from the driver’s phone and will be accompanied by a push notification to the rider’s phone reminding them to buckle up.
“We believe this new feature, which will be available nationally early next year, will increase seat belt use and help drivers ensure a safe environment while on a trip,” the company noted.
Uber’s new featureUnsplash
Keywords: Uber, Latin America, India
The Armed Forces Special Powers Act (AFSPA) be repealed in Nagaland
Special Powers For The Armed Forces Act Of 1958 is an act to allow personnel of the armed forces in the states of *[Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura] to be granted certain special powers in troubled regions.
In protest, Nagaland has decided to put the Hornbill Festival on hold. Furthermore, the SIT investigating the event has been given a month to finish its inquiry.
The Nagaland administration has decided to petition the Home Ministry to abolish the Armed Forces (Special Powers) Act in the wake of the killing of 14 people by security forces (AFSPA). On Tuesday, the decision was made during a cabinet meeting presided by Chief Minister Neiphiu Rio.
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The Special Inquiry Team (SIT) that has been formed to investigate the event, would conclude its investigation within a month, according to the meeting. In response to the innocent fatalities, the government has decided to cancel the current Hornbill Festival. The venue’s stalls will stay open, and the tourist bureau will stage a brief closing ceremony.
The 10-day Hornbill Festival, the state’s major tourist event, was set to culminate on December 10 at Naga Heritage Village in Kisama, near the state capital. The day’s event at the location had been cancelled by the state authorities on Monday.
Following the deaths in Mon district, several tribes from eastern Nagaland and other areas of the state halted all activity at their respective Morungs.
Security forces were in the middle of an ambush when the vehicle approached the location and tried to flee when signaled to stop by the forces. It being suspected of carrying insurgents, the security forces opened fire. Later on it came into light it was a case of mistaken identity and they were civilians who worked as coal mine workers and were coming home in a car. Out of the eight individuals in the vehicle, six died instantly. This sparked additional violence in the region, which resulted in the deaths of eight more individuals (seven on Saturday and one on Sunday) and one security personnel.
Union Home Minister Amit Shah expressed remorse to Parliament on Monday, saying that on December 4 evening, “a squad of 21 para-commandos of the Indian Army planned an ambush” for terrorists in Mon area, but that it “turned out to be a case of mistaken identification.” “The Government of India offers its profound condolences to the families of those who have lost their lives,” he continued.
The officer in-charge of the Tizit police station in Mon district filed a suo-motu FIR on Sunday alleging that the security forces’ “intention” was “to murder and hurt people.”
On December 4, the coal mine laborers who were from Oting village had been returning home from Tiru in a Bolero when, “on reaching Longkhao, between Upper Tiru and Oting villages, security forces blankly open fired at the vehicle without any provocation, resulting in the death of many Oting villagers and seriously injuring many others,” according to a FIR filed by Ubi Posehu Kezo, the officer in charge of the Tizit police station.
According to the FIR, there was no police guide present at the time of the event, and security personnel did not “submit a demand to the police station to supply police guide for their operation.” As a result, it is clear that the security forces’ goal is to kill and hurt people.”
The Army has expressed great remorse for the occurrence and has convened a Court of Inquiry into it.Unsplash
Also read: World-Famous Hornbill Festival From Nagaland
The Army has expressed great remorse for the occurrence and has convened a Court of Inquiry into it. “The reason for the tragic loss of lives is being probed at the highest level by a Court of Inquiry, and necessary action will be taken in accordance with the law,” it stated.
Rio had joined a rising chorus of demands for the repeal of AFSPA, which provides security personnel exceptional powers in “disturbed regions,” when attending the funeral of the 14 people in Mon town on Monday.
Meanwhile, the Konyak Union (KU), Nagaland’s main tribal organisation, declared a day-long bandh in the Mon district on Tuesday to condemn the deaths, and a seven-day mourning period began the next day.
The KU has advised security troops to refrain from patrolling the Konyak region during the seven-day mourning period, warning that if they do not, they would be held accountable for “any unpleasant occurrence that may occur.”
In a letter sent on Monday, the union asked President Ramnath Kovind to form a Special Investigation Team (SIT) “also comprising two members of the Eastern Nagaland People’s Organisation (ENPO) in it” to identify the Army personnel involved in the incident and make public the actions taken against them within 30 days.
It asked that the 27 Assam Rifles leave Mon immediately for failing to safeguard residents, as well as the removal of the Armed Forces (Special Powers) Act from the whole Northeast.
“On Tuesday, we declared a day-long bandh in Mon district. It is proceeding in a calm manner. We’ve also declared a seven-day mourning period beginning on Wednesday,” Howing Konyak, head of the Konyak Union, told PTI.
(Keywords: Hornbill festival, Nagaland, AFSPA)