
Siemens Xcelerator empowers space-tech pioneer Skyroot Aerospace in its Digital Transformation
"As a fast-growing aerospace company serving a diverse set of global customers, optimizing our software lifecycle is essential to executing projects efficiently. Polarion provides a seamless solution to manage our software workflows, allowing our team to focus on what they do best. With Siemens' deep expertise in the aerospace industry, we know we have a trusted partner as we continue to push the boundaries of space technology," said Naga Bharath Daka, Co-founder & COO, Skyroot Aerospace.
By adopting Polarion, Skyroot is able to unify its software and systems development processes, improve traceability and compliance, enhance collaboration across engineering teams, and streamline lifecycle management for its aerospace systems.
"Skyroot Aerospace is a true pioneer in both the Indian private space industry and globally, achieving remarkable growth and investment as it builds out its program - and its testament to its vision that is adopting Polarion to accelerate its digital transformation," said Mathew Thomas, Vice President and Managing Director for India, Siemens Digital Industries Software. "The
Indian space industry
is set for growth, and I'm delighted to see that homegrown leaders such as Skyroot Aerospace are choosing Siemens as their trusted partner, and we look forward to helping it achieve its mission to make spaceflight affordable, on-demand, and versatile."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Hindustan Times
12 minutes ago
- Hindustan Times
IKEA expects India business to grow 10 pc in FY'25, to expand network
Almhult (Sweden), Aug 20 (PTI) Leading Swedish furniture and home furnishing retailer IKEA expects its India sales to grow by over 10 per cent in the financial year 2025, a top company official said here. IKEA expects its India sales to grow by over 10 per cent in the financial year 2025 IKEA follows the September-August financial year. While speaking with a media delegation, Ingka Group Retail Manager Tolga Öncü said that the company is confident of its expansion in the Indian market, where it plans to open a slew of small-format stores along with its traditional large (Blue Box) stores. Ingka Group operates IKEA stores in 31 countries, including India. IKEA, which gets around 30 per sales through online channels, is seeing an impressive jump in queries. In FY24 IKEA in India reported a widening of its total loss to ₹1,299.4 crore, though its revenue from operations was at ₹1,809.8 crore, up 4.5 per cent. When asked about the growth of IKEA in India, Tolga Öncü said: 'So right now, after many years, seven years of being in India with the retail business, we have finally come to a point where we feel and see that the catch-up is happening for us." He also acknowledged that IKEA's growth was slowed down in India due to the pandemic and other related disruptions. Before that, it was very aggressive in its growth. "We see that we are growing faster (in India) than many other markets where we are," he added. With the learning of the last seven years of retail operations in India, IKEA is trying to be "more relevant" for the many Indians and their everyday life at home. 'India is actually as big as a continent. And of course, we are a growth mindset organisation. So, we are expecting big growth for the coming years in India. We are establishing all the needed resources and focusing on growing IKEA in India, and I believe that this is just the beginning of what we are experiencing now,' he said. Oncu did not comment on the number of stores that IKEA will build in India, but said: 'There is an enormous amount of stores that need to be established in India, in order for us to reach the many Indian families and consumers.' IKEA, which recently opened a city store in Delhi, started retail operations in India in 2018 with its Hyderabad store, followed by Navi Mumbai and Bengaluru. To grow faster and increase its penetration in India, IKEA has changed its approach to expand with several small stores, which could be sized from 2,000 to 5,000 sq feet, besides having traditional large format stores and city stores. "So I see a big potential (in small stores). After many decades, we have learned how to establish, operate, and use our traditional stores. And now we are seeing that where these traditional ones are not able to be… we can now become closer to many people by developing these smaller formats. And of course, it's a combination and you need to see it as a part of an ecosystem,' he added. Öncü also acknowledged that India is a value-conscious market, and to grow beyond the metro market, IKEA needs to offer low-priced items. 'We need to establish a very low-cost operation when it comes to the fulfilment, the logistic part, when it comes to the operation, so that all the costs we can lower, we can also lower the prices of our products to become even more affordable,' he added.


Hindustan Times
12 minutes ago
- Hindustan Times
Mindspace Business Parks REIT raises ₹550 crore via sustainability-linked bonds
Mindspace Business Parks REIT on August 20 said it has raised an additional ₹550 crore from the International Finance Corporation (IFC), the World Bank Group's private sector investment arm, through a bond issue. It is the first REIT to issue sustainability-linked bonds under SEBI's new ESG framework. "With this issuance, we're taking a big step forward on our sustainability journey," Ramesh Nair, MD and CEO of Mindspace REIT, said, (Representational photo)(Mindspace Business Parks REIT) In a regulatory filing, the company said the additional ₹550 crore fundraising follows its initial capital raising of ₹650 crore through the issuance of Sustainability-Linked Bonds (SLBs) in June 2024, bringing the total SLB issuance to ₹1,200 crore. The bond tenure is eight years. According to the company, this issuance marks a landmark moment in India's real estate sector, as the first SLB issuance by an Indian REIT under the new Environment, Social and Governance (ESG) framework introduced by the Securities and Exchange Board of India (SEBI). Also Read: Mindspace REIT raises ₹650 crore from IFC via sustainability linked bonds The company said in a statement that this milestone reflects Mindspace REIT's leadership in responsible and sustainable financing, demonstrating complete alignment with SEBI's enhanced standards for transparency, independent review, and ongoing compliance in ESG debt issuances. Also Read: Mindspace REIT buys 8.1 lakh sq ft commercial complex in Hyderabad for ₹512 crore Ramesh Nair, MD and CEO of Mindspace REIT, said, "With this issuance, we're taking a big step forward on our sustainability journey. Being the first REIT to raise Sustainability-Linked Bonds under SEBI's new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space, and build a portfolio that's ready for the future." According to the company, by linking financial outcomes to sustainability performance, Mindspace REIT is embedding ESG principles into the core of its growth strategy. 'IFC is pleased to deepen its partnership with Mindspace REIT through an additional investment, fuelling the growth of REITs as an asset class and strengthening India's real estate sector. By championing sustainable buildings and innovative financing, we are creating opportunities for developers, investors, and communities," Imad N Fakhoury, Regional Director for South Asia, IFC, said. Also Read: Mindspace REIT acquires 1.82 mn sq ft office complex in Hyderabad for ₹2038 crore enterprise value "This investment will accelerate the development of world-class office infrastructure that generates jobs, attracts global capability centres and top employers, and strengthens India's business environment," Fakhoury said.


News18
21 minutes ago
- News18
IndianOil, Air India Sign MoU To Supply Sustainable Aviation Fuel, Check Details
Last Updated: The agreement underscores the shared commitment of both companies to support global decarbonization efforts and accelerate the transition toward cleaner air transport. Indian Oil Corporation Limited and Air India on Monday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a step toward reducing carbon emissions in India's aviation sector. As per a press release by IndianOil, the MoU was signed by Shailesh Dhar, executive director (Aviation) at IndianOil, and P. Balaji, group head – governance, regulatory, compliance (GRC) and corporate affairs at Air India, in the presence of A. S. Sahney, chairman of IndianOil, and Campbell Wilson, CEO of Air India. The agreement underscores the shared commitment of both companies to support global decarbonization efforts and accelerate the transition toward cleaner air transport. Highlighting the significance of the agreement, A. S. Sahney said, 'The signing of this MoU with Air India represents a strategic step in India's transition to sustainable aviation. With our ISCC-CORSIA-certified SAF from Panipat, IndianOil is ready to provide a sustainable fuel solution that will help decarbonize air travel. Partnering with India's flagship carrier, we are aligning national growth with global climate goals and setting a benchmark for the industry." This development builds upon IndianOil's milestone achievement of becoming the first Indian company to receive ISCC CORSIA certification for SAF production at its Panipat Refinery. The certification, granted under the International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), confirms IndianOil's ability to produce SAF that complies with stringent global standards on sustainability and lifecycle carbon emissions. Air India's CEO and MD, Campbell Wilson, noted that the airline's collaboration with IndianOil is part of its broader sustainability agenda. 'Through this MoU with IndianOil, Air India is committed to support the Government of India's initiatives to promote sustainable development in the aviation sector and to further its own sustainability goals to achieve the IATA Net Zero by 2050 target," Wilson said. By integrating certified green fuels into commercial operations, the partnership aims to ensure a reliable and transparent SAF supply chain that not only meets but potentially exceeds CORSIA targets for international flights. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...