8APRIL 2024TOP STORIESREADY-TO-EAT MARKET IN INDIA SPECULATED TO GROW BY 45 PERCENTThe ready-to-eat market in India is poised to experience significant growth of around 45 percent over the next five years, presenting lucrative investment opportunities in the segment, according to Stanley Goh, CEO of SATS Food Solutions, a Singaporean airport service provider.Goh highlighted India's culturally diverse market and the increasing demand for higher culinary standards among consumers. He emphasized the potential for growth in categories like ready-to-eat and ready-to-heat meals, as well as convenience foods, attributing it to evolving consumer preferences.SATS Food Solutions India, the company's subsidiary in India, is set to expand its operations with a new facility at Bengaluru's Kempegowda International Airport. The facility is expected to employ approximately 300 people and will leverage existing partnerships and logistics networks to ensure seamless operations.Sagar Dighe, CEO of SATS Food Solutions India, emphasized the importance of an efficient ecosystem and access to raw materials for the food industry. He highlighted Bengaluru's strategic location and the company's established network with partners like Tata SATS and Bengaluru Airport as key factors driving the decision to set up the new facility in the city.The new facility will heavily utilize automation and Internet of Things (IoT) technologies to enhance operational efficiency. Dighe mentioned that the facility has optimized cooking processes to ensure consistency in taste across all locations, with chefs focusing on tasks such as recipe development.Overall, SATS Food Solutions sees immense growth potential in the Indian ready-to-eat market and aims to leverage its expertise and experience to capitalize on emerging opportunities. CADENCE & NVIDIA ANNOUNCE COLLABORATION FOR DEVELOPING SOLUTIONS WITH GENAICadence Design Systems today announced an expansion of its multi-year collaboration with NVIDIA across EDA, system design and analysis, digital biology and AI with the unveiling of two transformative solutions to reinvent design using accelerated computing and generative AI.First, the new Cadence Reality Digital Twin Platform is the industry's pioneering comprehensive digital twin solution to facilitate speed-of-light acceleration of the design, simulation and optimization of data centers across multiple industries. The platform virtualizes the entire data center and uses AI, high-performance computing (HPC) and physics-based simulation to significantly improve data center energy efficiency by up to 30 percent.The Cadence Reality platform's integration with NVIDIA Omniverse brings OpenUSD data interoperability and physically based rendering to the digital twin solution--helping accelerate data center design and simulation workflows by 30X.Second, the companies are collaborating on generative AI to dramatically accelerate approaches to drug discovery. Cadence's cloud-native molecular design platform Orion will now be supercharged with NVIDIA's generative AI tool, NVIDIA BioNeMo, and NVIDIA microservices for drug discovery to broaden therapeutic design capabilities and shorten time to trusted results. The collaboration brings together decades of expertise in scientific software and accelerated computing from the two companies to deliver transformative approaches to drug discovery. Accelerated by on-demand GPU access at an unprecedented scale, pharmaceutical companies can quickly and reliably generate and assess design hypotheses across a range of therapeutic modalities, including biologics, peptides and small molecules.
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