India for a Smarter Region Leading to a Smarter Planet Triggered Through Global Coalition for Efficient Logistics (GCEL)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 6, 2010 --

Mumbai, India, August 30, 2010 -- The Confederation of Indian Industry (CII) has invited India’s leading finance, insurance, and technology firms to become part of an innovative global initiative and seize a new $6 trillion market opportunity. At a major event attended by India’s public officials and executives from leading Indian companies, CII announced that GCEL’s HumaWealth Program will be an important catalyst in connecting India with growing markets around the world, making its millions of Small Medium- sized Enterprises (SMEs) more profitable and more competitive, thereby fueling new economic growth.

Dr. Sarita Nagpal, CII Deputy Director General delivered introductory remarks at the HumaWealth Genesis Awareness Event held in Mumbai introducing to India’s public and private sectors: “A New Era of 21st Century Trade Efficiency”. CII and GCEL invited leading financial, insurance and technology institutions to learn more about the innovative HumaWealth Program that will deploy bold Soft Infrastructure in India and around the world, delivering the tools and the road map required to connect the strengths of India’s SMEs creating well-being across India, the region and the world.

“The physical infrastructure to connect economies is important but costly, takes a long time, and must be justified and prioritized. Therefore, in today’s technology era, Soft-Infrastructure will boost the efficiency of the present physical infrastructure and rapidly connect the strengths of India’s SMEs within the country and with the world”, said Capt. Samuel Salloum, GCEL Co-Chairman. Furthermore he added: “By maximizing on rapid deployment of the Soft-Infrastructure, this will help to generate more trade volume to justify, prioritize and attract new physical infrastructure investments ensuring future prosperity of our businesses and communities”.

The Soft-Infrastructure includes open source information technology that minimizes standardization requirements allowing integration of in house vertical systems in a non-intrusive manner. The most trust technology network in the world will deploy the Soft-Infrastructure. The resulting point to world integration will lead to a new era of dynamic real time data visibility delivering new system features not previously available, all at no cost to the end user. The deployment will be led by a public/private partnership demonstrating the benefits of increased trade efficiency and security through 4 initial trade lanes in Asia, Europe, the Americas and Middle East /Africa over an 18 month period with global coverage in 30 months.

Mr. Bala Irulandy, Business Unit Head of HCL Technologies’ Transportation and Logistics Group, said that HCL is excited to participate in what he believes is a “game-changer for global trade.” He sees GCEL’s highly innovative global trading platform yielding huge gains in productivity for Indian businesses, and also providing the means to dramatically reduce the nation’s carbon footprint by making transport far more efficient. HCL is a GCEL member. Executives from Tata Consultancy Services, another GCEL member, also attended the event with other technology firms from India.

“GCEL gives India powerful new tools to make our businesses more profitable and improve efficiency while connecting them with growth markets around the world,” Dr. Sarita added.

Dr. Mark Drabenstott, GCEL Secretary General and Co-Chair of the OECD Territorial Development Policy Committee, emphasized that GCEL held its event in Mumbai because “we are committed to providing equal opportunity for all capable financial, insurance and technology firms to be part of this initiative. We are presenting this opportunity here in Asia today just as we have in Jakarta and in other parts of the world.”

Contact:
Viale Mazzini
Global Coalition for Efficient Logistics
PETRONAS tower 2 level 45
Kuala Lumpur
Malaysia
+603 2300 2692
info@gcel.net
http://www.gcel.net

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