Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Losing your hard-earned money in the stock market? ‘Incomet’ gives an insight into converting your losses to profits. A
  • Inspiring story of Suresh Gurwani: a multi-talented entrepreneur & founder of Sarvatm Digital Media Services Business
  • Gartner Redefines Back to Work Benchmarks in India, Launches its biggest office space in the world at Gurgaon designed by Space Matrix Business
  • From Student Leader to Political Trailblazer: The Rise of Dr. Surendra Singh in Bikaner Business
  • BookASmile and CFTI continue their joint initiative to open a new basketball court for underprivileged youth Press Release
  • Kritika Kamra Sports This Chic Pantsuit from the Fusion Collection by Marks & Spencer Lifestyle
  • MASS Announces the Launch of the Inaugural “KING MASS CLASSIC” Bodybuilding Championship Business
  • #FriendsWithBenefits campaign for D2C and eCommerce sellers launched by Shipyaari Business

Yokogawa Enters Investment and Collaboration Agreement with Ideation3X, a Startup Taking a Circular Economy Approach to Waste Management in India

Posted on February 7, 2023 By dsprime No Comments on Yokogawa Enters Investment and Collaboration Agreement with Ideation3X, a Startup Taking a Circular Economy Approach to Waste Management in India

Bangalore (Karnataka) [India], February 7: Yokogawa Electric Corporation (TOKYO: 6841) announces that it has made a US$10 million Series B investment* in Ideation3X Pte. Ltd. (i3X), a Singapore-based venture company that is targeting the rapidly expanding integrated solid waste management (ISWM) sector in India with a process that adopts a circular economy approach. The two companies have also signed a business collaboration agreement. With this investment in the high-growth ISWM field, Yokogawa aims to develop its business in the Indian market.

Founded in 2017, i3X has been backed since its inception by Unison Capital Group, a Japanese private equity firm. i3X possesses unique know-how in the ISWM field, such as technology for producing high-quality alternative fuels from waste. In addition, due to Unison Capital’s support, the company’s ESG management has been highly evaluated and is one of the factors for it being entrusted with waste treatment projects in three Indian cities, including New Delhi.

In India, the Modi government is promoting the Clean India Mission to improve the environment in cities throughout the country. One of its goals is to hygienically treat all the waste in the approximately 3,000 landfills that currently exist across the country by 2030, and at the same time establish a waste disposal model based on circular economy principles. This initiative is attracting a lot of attention due to the immense social impact that it can have and its importance in countering global warming. As it is rolled out, it is expected to generate demand not only for conventional waste disposal facilities, but also plants that produce alternative fuels from waste and small-scale thermal power plants that generate electricity from these alternative fuels.

Yokogawa established a local subsidiary in the Indian market in 1987 and has since been delivering control systems for plants in the energy industry, monitoring systems for water supply and wastewater networks, and other industrial products and solutions. The company also has significant experience in providing control systems for waste-to-energy plants around the world. Through this investment in i3X, Yokogawa will be able to contribute to the formation of a circular economy based ISWM framework that is appropriate for the Indian market, and make full use of its measurement and control technologies to support the achievement of the Clean India Mission. While providing technical support for the development of i3X’s business, Yokogawa will also look to expand its engagement in this sector by undertaking the formation of a consortium with related organizations and companies.

Tsuyoshi Abe, a Yokogawa senior vice president and head of the Marketing Headquarters, commented, “Yokogawa has been investing strategically to develop business opportunities in the growing Indian market. This investment enables us to bring together Ideation3X’s knowhow, the ecosystem that will form around its business, and Yokogawa’s technology and experience. I feel confident that we will be able to expand our business while helping to address one of India’s most serious social issues. According to the United Nations and other sources, the world population continues to increase at a rate of 140 people per minute. In addition, the average life expectancy is getting longer, and we must be prepared for the increased burden on the global environmental as we approach the age of 10 billion people and 100-year lifespans. By utilizing our ability to measure and connect, we aim to fulfill our responsibilities for the future of our planet.”

An investment round following the Series A round for start-up companies. In contrast to Series A, which focuses on development of the product, the main objective of Series B is to develop a successful business.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Business Tags:Business

Post navigation

Previous Post: Shri Keshav Cement & Infra 9m FY23 net profit up 348%
Next Post: NPST Reported 3.3x Jump In 9M FY23 Net Profit

Related Posts

  • JICA India celebrates National Cleanliness Day with school children in Delhi Business
  • Venture Care Launches VentureSuite AI: The Next Generation of Investment Bankers with AI Superpowers Business
  • Samaara Tea to enhance product offerings, expand in newer markets Business
  • Interior Design Market Expected to Grow Multifold in Near Future Business
  • Asian Brand and Leadership Conclave by THE BRAND STORY Concludes Successfully In Dubai Business
  • Guntur-based Dr. Rao’s Hospital offers the latest and result-oriented Minimally Invasive Neurosurgery procedures Business

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Turn heads with your style and demonstrate your fashion sense with Italian Colony
  • WHISKERS INDIA highlights its upward growth graph; witnesses 33% YoY growth
  • Bengaluru’s leading F&B Company – OIEPL Food & Beverages hosts it’s Monthly R&R Program  
  • Product-Led Growth: Insights from Silicon Valley’s Top Product Expert, Asit Kumar Sahoo
  • Migrate applications to cloud-based platforms efficiently with AI-based technology developed by Golden Eagle IT Technology Private Limited

Recent Comments

  • Dkyfgm on Pankaj Mittal’s Meaningful Initiatives, Angrezi Club and Angrezi Bol Make English Learning Incredibly Easy
  • Kaadut on Billionaire and the Royal lineage Shaji Ul Mulk’s daughter, Princess Sania Mulk marries US-based Bilal Khalid Ahmed in a lavish wedding ceremony
  • General Bushdakta 16 Crystal Clear #3 on Webinar Organised On World Patient Safety Day to Discuss ‘Safe Maternal & Newborn Care’
  • Aqxain on REDFOX OVERSEAS: defining import and export in new ways!
  • Qdtgqe on Cycle Strike: Event concluded in the presence of Deputy Commissioner of Gulmarg
  • Maharashtra Cabinet Minister Shri Deepak Kesarkar flags off Road Safety Rally in Mumbai Press Release
  • Pune’s Goel Ganga Group, MD win prestigious awards Business
  • Gujarat’s Homegrown Peanut Butter Brand, Mustin, Has Launched Unique Flavours for the First Time in India to Appeal to Consumers’ Taste Buds Business
  • Tilak Banerjee steps forward to organise the unorganised Seafood and Meat Market through Pescadoo Business
  • Rajasthan’s Child Marriage Warrior Dr. Kriti Bharti honored with Geneva’s Global Youth Human Rights Champion Award Business
  • The Book Flight – Young Entrepreneur Launches India’s First Flights Only Booking App and Travel Solution For Travel Agents Business
  • The Most Luxurious Geetanjali Salon yet – opens in Khan Market! Business
  • Anaiya Naroola spellbinds people as a 16-year-old author of her book “Anu Didi’s Monthly Visitor.” Lifestyle

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme