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Om Birla: World Sees India as a Key Investment Destination

Speaker says India’s democracy and growth draw global confidence

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Lok Sabha Speaker Om Birla on Thursday said that the world is increasingly looking to invest in India, drawn by its vibrant democracy, rapid economic expansion, and technological prowess. Speaking at the 125th Anniversary Celebrations of the Bharat Chamber of Commerce in Kolkata, themed “India@100: An Age of a New Dawn,” Birla said that under the visionary leadership of Prime Minister Narendra Modi, the nation is steadily advancing towards becoming a global economic powerhouse.

He emphasised the government’s commitment to building a business-friendly environment, driven by the principles of minimum government, maximum governance. The administration, he said, is focused on reducing bureaucratic hurdles, expanding industrial capacity, and encouraging innovation. Birla also urged the private sector to invest more in research and development (R&D) and strive to meet global standards, assuring that the government will complement such efforts to strengthen India’s innovation-led growth.

Praising the Bharat Chamber of Commerce, Birla called it a source of inspiration for business chambers across India. He lauded its 125-year legacy of resilience, foresight, and public service, recalling its origins as the Marwari Chamber of Commerce. The Chamber, he noted, has played a key role in India’s industrial, social, and economic transformation and in promoting corporate social responsibility.

Birla observed that India’s success as a democracy lies in its stability, inclusiveness, and deep cultural roots. “Democracy in India is not just a system of governance, but a way of life,” he said, adding that the nation’s robust institutions ensure policy continuity and investor confidence, both crucial for long-term growth.

He stressed that where democracy thrives, sound policy decisions and effective implementation follow, creating a foundation for sustainable development. Birla also highlighted India’s rise as a global innovation hub, driven by strong public–private partnerships in technology and R&D, which are propelling India into leadership positions in emerging industries.

Touching on inclusive growth, Birla noted that the increasing participation of women and youth reflects India’s social transformation. He highlighted women’s growing role across sectors and said they will remain pivotal in shaping a self-reliant and developed India. Similarly, he praised India’s youth and entrepreneurs for driving creativity, enterprise, and innovation, shaping the country’s future with energy and vision.

Reaffirming the vision of Atmanirbhar Bharat, Birla called for stronger collaboration among industry, government, and academia to build a resilient, self-sustaining economy. He also underlined India’s emerging leadership in clean and green energy, expressing confidence that the country will play a leading role in addressing climate and environmental challenges globally.

Acknowledging West Bengal’s historical contribution to India’s growth, Birla said the state has long been a cradle of intellectual, cultural, and industrial excellence. He noted that Bengal has produced eminent thinkers, reformers, poets, and industrialists, and continues to inspire the nation with its enduring spirit of innovation and enterprise.

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Coforge Launches AI-Led Data Cosmos Analytics Platform

New cloud-native platform targets enterprise data modernisation and GenAI adoption

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Coforge Limited has recently announced the launch of Coforge Data Cosmos, an AI-enabled, cloud-native data engineering and advanced analytics platform aimed at helping enterprises convert fragmented data environments into intelligent, high-performance data ecosystems. The platform strengthens Coforge’s technology stack by introducing a foundational innovation layer that supports cloud-native, domain-specific solutions built on reusable blueprints, proprietary IP, accelerators, agentic components and industry-aligned capabilities.

Data Cosmos is designed to address persistent enterprise challenges such as data fragmentation, legacy modernisation, high operational costs, limited self-service analytics, lack of unified governance and the complexity of GenAI adoption. The platform is structured around five technology portfolios—Supernova, Nebula, Hypernova, Pulsar and Quasar—covering the full data transformation lifecycle, from legacy-to-cloud migration and governance to cloud-native data platforms, autonomous DataOps and scaled GenAI orchestration.

To accelerate speed-to-value, Coforge has introduced the Data Cosmos Toolkit, comprising over 55 IPs and accelerators and 38 AI agents powered by the Data Cosmos Engine. The platform also enables Galaxy solutions, which combine industry-specific data models with the core technology stack to deliver tailored solutions across sectors including BFS, insurance, travel, transportation and hospitality, healthcare, public sector and retail.

“With Data Cosmos, we are setting a new benchmark for how enterprises convert data complexity into competitive advantage,” said Deepak Manjarekar, Global Head – Data HBU, Coforge. “Our objective is to provide clients with a fast, adaptive and AI-ready data foundation from day one.”

Supported by a strong ecosystem of cloud and technology partners, Data Cosmos operates across multi-cloud and hybrid environments and is already being deployed in large-scale transformation programmes for global clients.

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India, Sweden Launch Seven Low-Carbon Steel, Cement Projects

Joint studies to cut industrial emissions under LeadIT

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India and Sweden have announced seven joint projects aimed at reducing carbon emissions in the steel and cement sectors, with funding support from India’s Department of Science and Technology and the Swedish Energy Agency.

The initiatives, launched under the LeadIT Industry Transition Partnership, bring together major Indian companies including Tata Steel, JK Cement, Ambuja Cements, Jindal Steel and Power, and Prism Johnson, alongside Swedish technology firms such as Cemvision, Kanthal and Swerim. Leading Indian academic institutions, including IIT Bombay, IIT-ISM Dhanbad, IIT Bhubaneswar and IIT Hyderabad, are also participating.

The projects will undertake pre-pilot feasibility studies on a range of low-carbon technologies. These include the use of hydrogen in steel rotary kilns, recycling steel slag for green cement production, and applying artificial intelligence to optimise concrete mix designs. Other studies will explore converting blast furnace carbon dioxide into carbon monoxide for reuse and assessing electric heating solutions for steelmaking.

India’s steel sector currently accounts for about 10–12 per cent of the country’s carbon emissions, while cement contributes nearly 6 per cent. Globally, heavy industry is responsible for roughly one-quarter of greenhouse gas emissions and consumes around one-third of total energy.

The collaboration aims to develop scalable, low-carbon industrial technologies that can support India’s net-zero emissions target by 2070. As part of the programme, Tata Steel and Cemvision will examine methods to convert steel slag into construction materials, creating a circular value chain for industrial byproducts.

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Jindal Steel Scales Up Heat Treatment to 60,000 Tpm

Expansion positions firm as India’s largest in the segment

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Jindal Steel on Thursday said it has expanded its heat treatment capacity to 60,000 tonnes per month, tripling it from 20,000 tonnes and making the company the largest player in the segment in India. Heat treatment involves processing steel to modify properties such as hardness, toughness and strength to meet specialised application requirements.

The company said the expanded capacity will cater to rising demand from sectors including infrastructure, engineering, energy and heavy machinery. With the scale-up, Jindal Steel now offers an extensive range of furnace normalised and quenched and tempered products.

According to S K Pradhan, Head of Flat Products at Jindal Steel, the facility is capable of processing steel plates with thicknesses ranging from 6 mm to 200 mm and widths of up to 5 metres. He said the technological upgrade enables the company to manufacture high-end steel products that were previously imported, directly supporting the Atmanirbhar Bharat initiative.

Jindal Steel operates two integrated steel plants at Angul in Odisha and Raigarh in Chhattisgarh, with a combined capacity of 12.6 million tonnes. The company plans to increase its overall capacity to 15.6 million tonnes by FY26.

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