Magma Fincorp Ltd.: Q4 FY 18 Disbursals up by 51%, NIM at 9.70%, up 212 bps Q4 PAT at 71.5 crs

By Tricitynews

Chandigarh 09^th May:- Leading asset finance company, Magma Fincorp Limited today announced the Q4 and FY 18 results that reflected robust growth in topline as well as PAT. The highlights for the year were the impressive growth in Q4 disbursals for all businesses lines, robust collection and significant reduction in NPA. The Q4 FY 18 disbursals grew by 51% and NIM for the quarter was recorded at 9.7%, up 212 bps, on YOY basis. On back of higher Earning assets and lower Cost of Funds, the company recorded Profit After Tax (PAT) for Q4 at Rs 71.5 crs, and for the full year, at Rs 230.4 crs. The all-round performance has laid a solid foundation for a significantly higher growth in FY19.

Magma’s ABF disbursements recorded a growth of 58% YOY. As per Magma’s stated strategy, growth was led by Used assets at 77% YOY, followed by Commercial Vehicles at 174% and Construction Equipment at 93%. Magma also increased Tractors disbursement by a moderate 29%. Further, the current model of branch banking and deeper touch with the existing customers by the field executives has resulted in higher share of direct business at 37% of overall disbursals compared to 26% in FY 17.

Unsecured SME lending continued to perform well during FY18 in spite of two adverse impacts, first of demonetization and thereafter the GST roll out, and has achieved YOY disbursement growth of 41%. This division continues to produce the highest RoA on a consistent basis. During the year the company expanded SME lending coverage to 61 branches from 50 branches in FY17. The company intends to move deeper with focus to the Tier II and III towns within the existing ABF network and increase contribution of Direct Sourcing.

In the mortgage business, Magma adopted the Mantra of Go Direct, Go Home Loan and Go affordable. The company successfully reduced its average ticket size to Rs. 12-13 lacs catering mainly to the affordable housing segment. Magma today operates in the ticket size of Rs. 5.0 lacs to Rs. 30 lacs and max up to Rs. 50 lacs in Home Loans segment. Overall, in Home Finance business, the company was able to register a disbursement growth of 23% YOY in FY18

The General Insurance business of Magma HDI General Insurance Co Ltd. (joint venture of Magma Fincorp and HDI Global of Germany) registered an overall growth of 32.5% during the year and 47% for Q4FY18 in its Gross Written Premium. The company improved its combined ratio from 123.8% to 120.7% during the year and achieving 114.3% during Q4.

Remarkable improvement in the asset quality was the highlight of the year, the Company achieved significant reduction in GNPA and NNPAs despite adopting to 90 DPD regime. The GNPA at 90 dpd stands at 7.0% as on 31 March 2018. For like to like comparison, the number at 90dpd was at 8.8% as on 31.03.2017. Similarly, company’s NNPA has come down to 5.2% as on 31^st March 2018 against 7.5% as on 31 March 2017. The PCR at 90dpd stands at 27.2%, compared to 17.7% at 120dpd as on 31^st March 2017.

The total Capital Risk Adequacy Ratio (CRAR) for FY18 was 20.7 %, against the RBI stipulated norm of 15% for non-deposit taking Asset Finance Companies. The recent capital infusion through Qualified Institutional Placement has further strengthened our Tier 1 capital adequacy and currently its stands at around 25.4.

The company, to enhance customer experience and continuous customer engagement  has undertaken series of initiatives like, Automated credit decisioning, 360 degree customer view across all business, best in class customer onboarding experience using India stack, enhancing available modes of payments through, wallets, payment banks, UPI, net banking and gradually moving to e-communication to name a few.

Commentating on the company’s performance, Sanjay Chamria, Vice Chairman and Managing Director, Magma Fincorp Limited said that he feel extremely happy to share that Financial Year 2018 has been an excellent year for the Company. We are focused on financing to the bottom of the pyramid as our ABF, LAP and SME businesses provide means of earning to the rural area. While our top line grew significantly on all businesses, the collections performance was extremely heartening. The combined efforts of the team led to a great Q4 and he is confident we will be able to maintain the momentum and accelerate in FY19.

The Government is focused on uplifting the rural economy and strengthening of the agriculture sector, which coupled with the IMD’s prediction of normal rainfall this year is expected to boost rural economy in FY 2019.  Envisaging this vast opportunity and to make ourselves growth ready, we raised additional capital of Rs 500 crs at the beginning of the Financial Year 2019 through Qualified Institutional Placement(QIP).

Happy Goyal Pictures Announced Its Maiden Punjabi Flick “Marriage Palace”

By Tricitynews

Chandigarh 09^th May:- After being global, the Punjabi Film Industry is proceeding with films which carry a different zone, a different track, lot of comedy movies with beautiful punches and jokes which actually tickle your stomach and of course the films which carry a message which is a good sign for the rise of the Punjabi Cinema. And under the series of comic films another feather is going to be added with name as “Marriage Palace” which will be directed by Sunil Thakur. The film will be made under the banner of Happy Goyal Pictures and its Producers are Happy Goyal and Harsh Goyal. . The star cast of the film includes Sharry Maan, Payal Rajput, Jaswinder Bhalla, BN Sharma, Sumit Gulati and Umang Sharma. The story, screenplay and dialogues of the film has been written by well know writer Rakesh Dhawan. The Project Designer and Co-Producer of the film is Shubham Chandrachur.

The announcement of the film was done by its team here today. Versatile singer, Sharry Maan, lead actress Payal Rajput along with with Producers Happy Goyal and Harsh Goyal and the Director Sunil Thakur interacted with the media on this film announcement which is going to be made under the banner of Happy Goyal Pictures and for which the shooting is going to start from 25^th June, 2018.

The Director, Sunil Thakur, said that we can’t reveal much about the story of the film at this moment but this film is going to be a mixture of entertaining punches and jokes which is going to be enjoyed by the audience. He further added that he believes that film making is the greatest art and there is an unlimited scope of experiment and innovation for which he is completely ready now.

The lead Actor Sharry Maan, said that we are happy to announce this film under this maiden Production House, Happy Goyal Pictures and about the movie as the name says, “Marriage Palace”, he is sure that this one will entertain the audience to the to the fullest.

The lead actress, Payal Rajout also added that she is happy to be a part of this film and act with this versatile and melodious singer Sharry Maan, in hope that this movie will do good the whole team.

Producers, Happy Goyal and Harsh Goyal said that they are proud to get associated with a team like Sharry Maan, Payal, Rakesh Dhawan, BN Sharma and Jaswinder Bhalla and look forward for a good cinema.

The shooting of the film will be done in and around Punjab.

Manpreet Badal Inaugurates Max Speciality Films New Manufacturing Line

By Tricitynews

Chandigarh 09^th May:- Max Speciality Films Limited (MSFL), one of India’s leading manufacturers of BOPP packaging films, launched its fifth BOPP films manufacturing line (Line 5) here today thus significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA. The new line was launched at a special inaugural ceremony by Manpreet Singh Badal, Finance Minister, Punjab.

MSFL’s Line 5 is designed to meet trends for recyclability, ultra high barriers and print receptivity. The line will be able to manufacture thicker films with advanced properties making it environment-friendly since it is conducive to recycling and reducing the usage of plastic per pack.

The launch of Line 5 is the second significant growth initiative undertaken by Max Ventures and Industries Limited (MaxVIL) (BSE: 539940 | NSE: MAXVIL), through MSFL, within the last one year as part of its ongoing effort to rejuvenate the manufacturing business. In February 2017, the Company had brought in Japan’s Toppan Printing Co. Ltd. (Toppan), as a strategic investor and partner in MSFL to share their expertise in managing a global speciality films business, as well as, leveraging their global sales network. As part of the partnership, Toppan had invested approximately INR 198.78 crore, through a combination of primary and secondary share issuance for 49% equity share in MSFL.

Speaking on the occasion, Manpreet Singh Badal said that the Max Speciality Films facility is one of the oldest in the region, but also one of the most modern. Over the past 3 decades, the facility has built a sound and sustainable ecosystem in its neighbouring areas, creating jobs and contributing generously to local communities as part of its CSR efforts. It also serves as a model for worker welfare and maintaining a cordial work environment. Industry needs to play a proactive role in the development of Punjab and this new facility is a welcome step. He convey his best wishes to the Max Group on their new facility and hope that they will continue to contribute towards the upliftment of their catchment.

Sahil Vachani, Managing Director and CEO, MaxVIL said that at MaxVIL, it has been our consistent endeavour to reinvigorate the manufacturing business, especially against the backdrop of the Government’s ‘Make in India’ thrust, and help differentiate it through strategic innovation in an increasingly crowded and competitive market. MSFL is among the leading manufacturers of value-added BOPP films in India, fulfilling the requirements of some of the world’s most popular clients. Armed with an augmented production capacity and Toppan’s expansive global sales network and technological capabilities, he believes MSFL will greatly benefit from the resulting economies of scale.

Ramneek Jain, CEO of Max Speciality Films said that with the introduction of Line 5, we expect to benefit from a reduction in our cost per unit. Further, the versatility of the layout will accelerate the expansion of the company’s portfolio of specialty films across two key business areas: packaging and labeling.

MaxVIL is one of the three listed flagship companies of the Max Group, and is promoted and founded by Analjit Singh. MaxVIL was incorporated in 2015. In FY 2016, the Board of Directors of Max Financial Services Limited (erstwhile Max India Limited) approved a corporate restructuring plan that resulted in the demerger of the various business verticals of Max Financial Services Limited, through a scheme of demerger (“Scheme of Demerger”), into three separate listed companies: Max Financial Services Limited, Max India Limited (erstwhile Taurus Ventures Limited) and MaxVIL.

Walmart to Invest in Flipkart Group

By Tricitynews

Chandigarh 09^th May:- Walmart Inc. (NYSE: WMT) announced it has signed definitive agreements to become the largest shareholder in Flipkart Group (“Flipkart”). The investment will help accelerate Flipkart's customer-focused mission to transform commerce in India through technology and underscores Walmart’s commitment to sustained job creation and investment in India, one of the largest and fastest-growing economies in the world. Subject to regulatory approval in India, Walmart will pay approximately $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder of the business will be held by some of Flipkart’s existing shareholders, including Flipkart cofounder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.

While the immediate focus will be on serving customers and growing the business, Walmart supports Flipkart’s ambition to transition into a publicly-listed, majority-owned subsidiary in the future.

Doug McMillon, Walmart’s president and chief executive officer said that India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of eCommerce in the market. He said further that as a company, we are transforming globally to meet and exceed the needs of customers and we look forward to working with Flipkart to grow in this critical market. We are also excited to be doing this with Tencent, Tiger Global and Microsoft, which will be key strategic and technology partners. We are confident this group will provide Flipkart with enhanced strategic and competitive advantage. Our investment will benefit India providing quality, affordable goods for customers, while creating new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.

Binny Bansal, Flipkart’s co-founder and group chief executive officer said that this investment is of immense importance for India and will help fuel our ambition to deepen our connection with buyers and sellers and to create the next wave of retail in India. While eCommerce is still a relatively small part of retail in India, we see great potential to grow. Walmart is the ideal partner for the next phase of our journey, and we look forward to working together in the years ahead to bring our strengths and learnings in retail and eCommerce to the fore.

 Founded in 2007, Flipkart has led India’s eCommerce revolution. The company has grown rapidly and earned customer trust, leveraging a powerful technology foundation, including artificial intelligence, and emerging as a leader in electronics, large appliances, mobile and fashion and apparel. In a market where Walmart expects eCommerce to grow at four times the rate of overall retail, and with well-known platforms such as Myntra, Jabong and PhonePe, Flipkart is uniquely positioned to leverage its integrated ecosystem, which is defined by localized service, deep insights into Indian customers and a best-in-class supply chain. Flipkart’s supply chain arm, eKart, serves more than 800 cities, making 500,000 deliveries daily. In the fiscal year ended March 31, Flipkart recorded GMV of $7.5 billion1 and net sales of $4.6 billion representing more than 50 percent year-over-year growth in both cases. With the investment, Flipkart will leverage Walmart’s omni-channel retail expertise, grocery and general merchandise supply-chain knowledge and financial strength, while Flipkart’s talent, technology, customer insights and agile and innovative culture will benefit Walmart in India and across the globe. While Walmart and Flipkart will leverage the combined strengths of both companies, they will maintain distinct brands and operating structures. Currently, Walmart India operates 21 Best Price cash-and-carry stores and one fulfillment center in 19 cities across nine states in India, with more than 95 percent of sourcing coming from India, aiding suppliers, creating skilled jobs and contributing to local economies across the country. Krish Iyer, president and chief executive officer of Walmart India, will continue to lead that part of the business.

Mother’s Day: Anup Upadhyay Shared Heart Stirring Story

By Tricitynews

Chandigarh 09^th May:- We have all grown up with the belief that ‘God could not be everywhere so he made Mothers’. Mothers are like guardian angels, which shower endless love, affection and wisdom on their children. From cooking our favorite dish to spending quality time with us, from being a friend, tutor, guide, critic, she singlehandedly masters all her duties effortlessly and without complaining. Mothers are our first teachers and a valuable lesson taught by a Mother remains etched in our minds throughout our life. No matter how old we grow, the mother-child bond is the most cherished one and Anup Upadhyay, popularly known as Murari in Sony SAB’s Jijaji Chhat Per Hain reminisces his childhood, bond with his mother and a lesson learnt the hard way.

The talented Anup Upadhyay firmly believes that if a mother’s love is important so are her reprimands. He feels the guidance of a mother for right and wrong is a must even if it means taking strict disciplinary action. He is grateful to his mother for correcting him at every step of his life and instilling good values in him.

On Mother’s Day Anup Upadhyay alias Murari said that he remembers one incident when he was a very young, He stole twenty rupees from a temple. He was very excited and hid the money under his pillow. His mother later found the money and wondered where it came from. After he confessed to her that I stole it, he was scolded by my mother and punished for it. He realized his mistake and swore to never repeat it again. He learnt a valuable lesson for a life time.

L&T Finance Holdings Declares Consolidated PAT of Rs. 1,459 cr. for FY18: YoY Growth of 40%

By Tricitynews

Chandigarh 07^th May:- L&T Finance Holdings Ltd. (LTFH) declared Consolidated PAT of Rs. 1,459 cr. for FY18 a growth of 40% from Rs. 1,042 cr. in FY17. For Q4FY18, LTFH declared Consolidated PAT of Rs. 406 cr a YoY growth of 28% over Rs. 316 cr. in Q4FY17.

RoE was 15.03% for FY18 as against 12.31% for FY17 – improvement of 272 bps. RoE for Q4FY18 stands at 15.06%. This RoE is achieved after infusion of Rs 3,000 Crs equity in March 2018 through Preferential Allotment to Larsen & Toubro Limited and QIP.

In its focus lending businesses, namely Rural Finance, Housing Finance and Wholesale Finance, LTFH recorded 68% YoY increase in disbursements and 28% YoY increase in assets in FY18. This growth was made possible through improving competitive position across products, using digital and data analytics as a differentiator and supported by a robust risk management framework.

LTFH also declared strong growth in its Investment & Wealth Management businesses. Average Assets under Management (AAUM) in Investment Management business increased to Rs. 65,932 cr in Q4FY18 from Rs. 39,300 cr. in Q4FY17 a growth of 68%. Average Assets under Service (AAUS) in Wealth Management business increased to Rs. 18,346 cr in Q4FY18 from Rs. 13,623 cr. in Q4FY17 – a growth of 35%.

Commenting on the results and financial performance, Dinanath Dubhashi, Managing Director & CEO, LTFH, said that we will continue improving competitive position across our products and will focus on increasing ‘retailisation’ of our portfolio. Robust growth, focus on fee income, improving productivity and significant improvement in asset quality have led to delivery of 15.03% RoE for FY18, even after injection of Rs. 3000 cr. capital during March, 2018.

Now Book an Ola Right from Your Mobikwik App

By Tricitynews

Chandigarh 07^th May:- In a bid to reiterate its commitment to the government’s push towards digital transactions in India, MobiKwik, one of India’s leading digital financial services platform, and Ola, India’s leading and one of the world’s largest ride-sharing companies, have announced first-of-its-kind of partnership that will enable Mobikwik users to book Ola cabs and autos across 110 cities in India from within the Mobikwik app. This path-breaking partnership offers symbiotic benefit for both MobiKwik and Ola.

With this partnership, Mobikwik users will have access to Ola’s multi-modal commuting offerings, from pocket-friendly options such as Ola Auto, Micro, and Mini to premium categories such as Ola Prime, Ola Prime Play, Ola Prime SUV, and Ola Lux.

It also aims to provide a more seamless experience as customers can directly book Ola ride through their Mobikwik app and pay up through the Mobikwik wallet, without having to shuffle between apps. As a part of the launch offer, MobiKwik is offering Rs. 50 SuperCash on first 5 rides. Alternatively, Mobikwik users can use 10% SuperCash to get discount upto Rs. 100 on every ride. Also, MobiKwik, will be offering a chance to earn 100% cashback for booking rides through their wallets between 4 PM and 7 PM and between 8 AM and 10 AM, to 1000 users daily.

Announcing the partnership, Daman Soni, Vice President-Marketing and Growth, Mobikwik said that we believe that cab booking is a promising category for digital payments. Over the past few months, we have received feedback from our customers requesting for a smart mobility enabler on our app. We have enabled a rich interface for ride bookings with Ola on our platform and are confident that this will be one of our top performing categories in the times to come. We are committed to make digital transactions simple and streamlined. Ola is a key partner in this endeavour.

Commenting on the partnership Saurabh Mishra, Head-Alliances at Ola said that strategic partnerships play a significant role in enriching customer experience. Integration of services empowers the customer, making their lives simpler and convenient. Through this partnership, Mobikwik users will be able to book a ride of their choice using a single app. We are confident that Mobikwik users will be delighted with the in-app Ola booking experience.

The Government of India has set a huge target of 30 billion transactions in the current fiscal year with mobile wallet companies expected to clock 6.3 billion transactions. Such alliances will help provide the necessary impetus for the growth of digital transactions in the country.

Ola cabs is available only for the Android users, on the latest version of the MobiKwik app.

Tata Power Consolidated Power Generation Increases to 53,556 MUs in FY18

By Tricitynews

Chandigarh 07^th May:- Tata Power, India's largest integrated power company, produced 53,556 million units of electricity in the financial year 2017-18 from all its units, ranging from thermal, hydel, wind and solar. It marks a rise of 1.98% in total electricity generated in the FY’18 as compared to 52,512 million units power generated in the previous fiscal.

Tata Power generated 14,255 million units of electricity in the fourth quarter of the financial year ended March 31, 2018. As per the data available on the Ministry of Power website, the country’s overall power generation stood at 1306.614 BU, which includes generation from grid connected renewable sources, as compared to 1241.689 BU produced in FY17. In comparison to India’s overall power generation capacity, Tata Power’s contribution stands at 4%, a significant percentage from an integrated power player.

Generation from primary stations for the quarter were as follows: Mundra reported generation of 26,686 MUs, while Maithon plant reported 7,406 MUs. Trombay Thermal Power Station generated 6,294 MUs, Jojobera Thermal Power Station generated 2,978 MUs and Haldia reported generation of 775 MUs Industrial Energy Limited reported generation of 2,592 MUs. TPREL generated 919 MUs through clean sources of energy (Solar & Wind) and WREL generated 1,688 MUs.

Praveer Sinha, CEO & MD, Tata Power said that our endeavor is to serve the nation and be the important pillar for India’s progress. Tata Power’s mission is to make the country power sufficient and contribute towards government’s initiatives and programmes, to make it a success. It is good that we ended the fiscal on a higher generation note. With a commitment to increase our generation output by 40-50% by 2025 through green and clean source of energy, we have developed a well charted growth strategy to fulfill it.

Tata Power, together with all its subsidiaries and jointly controlled entities, has an installed generation capacity of 10757 MW (as of May 2018) as compared to 10,613 MW in FY17 from various fuel sources, such as thermal (coal, gas and oil), hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery.

चंडीगढ़ कार डीलर्स ने प्रशासन और नगर निगम के खिलाफ निकाला रोष मार्च

BY Tricity News

Chandigarh 06^th May:- हल्लोमाजरा से शहर के किसी अन्य सुरक्षित हिस्से में कार बाजार शिफ्ट किए जाने का मामला गर्माता ही जा रहा है। कार डीलर्स इस मामले को फिलहाल कतई भी खत्म करने के मूड में नही दिख रहे। कार बाजार शिफ्ट किये जाने को लेकर कार डीलर्स ने यहां पिछले हफ्ते नगर निगम के खिलाफ रोष मार्च निकाला था, आज फिर इसी मुद्दे को लेकर कार डीलर्स ने  चंडीगढ़ कार डीलर एसोसिएशन के बैनर तले ने चंडीगढ़ प्रशासन और नगर निगम के खिलाफ हल्लो माजरा चौक से एक रोष मार्च निकाला व प्रशासन व निगम की कार डीलर्स विरोधी नीतियों के खिलाफ जम कर नारेबाजी की। 

चंडीगढ़ कार डीलर्स एसोसिएशन के प्रधान गुलशन कुमार और सेक्रेटरी एस के सूद ने कहा कि कार बाजार को किसी अन्यत्र सुरक्षित स्थान पर शिफ्ट किये जाने को लेकर वो पिछले कुछ समय से लगातार चंडीगढ़ प्रशासन और निगम के आलाधिकारियों से मुलाकात कर चुके है। परंतु  सिवाय कोरे आश्वासन के अभी तक उनकी मांग की ओर ध्यान नही दिया जा रहा। उन्होंने आगे कहा कि   कार बाजार न लग पाने से नगर निगम को यहाँ रेवेन्यू का नुकसान हो रहा है। वहीं कार डीलर्स को भी खासा घाटा सहना पड़ा रहा है। उन्होंने कहा कि अगर यूँही चलता रहा और प्रशासन व नगर निगम ने उनकी मांगें न मानी तो वो अपना प्रोटेस्ट को और तेज करने पर मजबूर हो जाएंगे। कार डीलर्स अगर जरूरत पड़ी तो न केवल नगर निगम और सेक्रेटेरिएट का घेराव करेंगे बल्कि प्रशासन और निगम का पुतला भी फूकेंगे।

Healthcare Smartz Signs MoU with Canadian College for Better Nursing Prospects

BY Tricity News

Chandigarh 06^th May:- Mohali based Healthcare Smartz (An APPworx Company) today signed a Memorandum of Understanding (MoU) with Sprott Shaw College, Vancouver, Canada that will help regional nursing students to enhance their skills and potential to seek respectable employability opportunities in Canada. The MoU was signed between Patrick Dang, President SSC, Canada and Manipal Dhariwal, Co-Founder, APPworx and Nitin Monga, Co-Founder, APPworx, at Sebiz Square, Sector 67, Mohali.

The occasion was honored with the presence of dignitaries including Yatan Anand, Senior International Admission Advisor, SSC, Dr. Jagmohan Oberai, VP Healing Touch Hospital and DG Ganpati Group of Institutes, Dr. Sarin, Director – Principal Rayat Bahra University, Tarun Arora, NZ Immigration Consultant, Dr. Hari Kumar, Dean Academics, Dr. Bains, owner Beekay Institute of Nursing, Avinash Kaul, Immigration Consultant, Dr. Ravinder, Faculty of NCLEX in The Chopra, Pradeep Prem, CEO, APPworx and Principals and students from number of nursing colleges in the vicinity.

The newly devised program, which is the outcome of this MoU, is designed to prepare Internationally Educated Nurses (IEN) effectively. Post Graduate Certificate in Nursing Administration will ensure the eligibility and application for nurse licensure and nursing practice positions. The foundation course will be imparted at Healthcare Smartz campus in Mohali. The course will be under co-op, which gives the opportunity to “Earn While You Learn”.

Commenting on this occasion, Manipal Dhariwal said that we are extremely delighted to partner with Sprott Shaw College which will surely mark a new era in health sector. Healthcare Smartz is focusing on nurturing the career of healthcare workers.

For Nitin Monga that this collaboration is a significant milestone in our ongoing initiatives of empowering the youth with the necessary skills and training to be a part of prospering workforce. Our objective is to attract quality talent and sustain professionals of the healthcare industry with continuous training, knowledge exchange and an appetite for evolving with the rapid and complex demands of the healthcare spectrum.

According to Patrika Dang that there is a growing pool of skilled talent and professionals here who dream to have a satisfying career in a foreign nation. Driving the spirit of innovation in education and career, this collaboration will generate enormous opportunities for healthcare workers. For Healthcare Smartz, today marks a significant day and the result of their hard work have paid off. Now he shares the same feeling of excitement and optimism when he thinks of the wonderful possibilities that can come about with this historic partnership.