B. M. Ashraf wins Indian Innovator Award–Entrepreneur of the Year 2018 for ‘Industrial Innovation’
Dubai : Mr. B. M. Ashraf, Founder and Managing Director of Mohiudeen Wood Works Co. LLC - the oldest sawmilling company and the largest importer of round logs and sawn timber in the Middle East – was presented with the ‘Industrial Innovation’ award at the 2018 edition of the Indian Innovator Awards – Entrepreneur of the Year, held on 26th November 2018 at the Habtoor Palace, LXR Hotels and Resorts in Dubai.
The BNC Publishing, a part of the Entrepreneur MENA franchise, presented the award. Vipul, the Consul General of India, in UAE, presided over the function.
Organized by Entrepreneur MENA, the Indian Innovator Awards recognize and honored enterprise leaders and individuals who have distinguished themselves and shown sector significance and outstanding business conduct across a variety of industries that are key drivers of respective Middle East’s economies. Mr. Ashraf was honored among other Indian Innovators who, according to the awards committee, have established themselves as clear industry leaders who have made significant contributions to the Middle East business arena, and set the benchmark for corporations operating across the region.
Commenting on the recognition, Mr. Ashraf credited his company’s success to its relentless pursuit of challenges, doing things differently. “Back in 1993 when we set up a sawmill in the middle of the desert, it seemed odd to many people. But in the process we created a new paradigm and celebrated success after success, reaching where we are today,” he said, adding, “Recognitions such as these inspire us to achieve more.”
Established as a sawmill back in 1993, Mohiudeen Wood Works (MWW) is celebrating its 25th anniversary this year, celebrating its phenomenal growth into one of the largest importers of round logs, sawn timber, and other forest products in the Arabian Gulf region. MWW’s expertise has been built on decades of experience and the ability to cater to rising demands of the market, making the company a name synonymous with wood in the region. Growing from strength to strength, MWW’s portfolio of clients currently includes top government entities, the largest oil, and gas field development firms, leading shipbuilding companies, the biggest marine dry docks, renowned multinational heavy construction fabrication yards, and landmark infrastructure development contractors.
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Karnataka approves AI Centre of Excellence in Bengaluru's Electronics City
Bengaluru (PTI): The Karnataka government has approved the establishment of a CoE for AI in Biotechnology at IBAB in Electronics City (Phase 1), here.
The decision, taken by the state Cabinet on Thursday night, marks a significant step towards strengthening Karnataka’s leadership in emerging technologies, IT and biotechnology, Karnataka Minister Priyank Kharge said on Friday.
The centre will be established over four years with a total outlay of Rs 20 crore, in partnership with the Institute of Bioinformatics and Applied Biotechnology and the Centre for Cellular and Molecular Platforms (C-CAMP), according to a statement from the minister’s office.
"Karnataka has consistently been at the forefront of technological innovation. As we enter the decade of deep tech, our focus is on building future-ready capabilities at the intersection of artificial intelligence and biotechnology," Minister for IT and Biotechnology said.
"This Centre of Excellence will strengthen our research ecosystem, accelerate innovation and enable Karnataka to lead in high-impact next-generation technologies," he added.
Priyank added that the state government, through the Departments of Electronics, IT, Biotechnology, and Science & Technology, is actively investing in emerging technologies and taking steps to strengthen Karnataka’s AI and deep-tech ecosystem.
The minister said the Cabinet has also approved the transfer of a 51 per cent stake in the Karnataka Technology & Innovation Museum Foundation (KTIMF) to the Unboxing BLR Foundation.
KTIMF was established by the Government of Karnataka as a not-for-profit organisation to promote innovation, technological awareness, startup culture and public engagement in science and technology, aligned with the state’s vision of building a robust innovation ecosystem, he said.
The Technology & Innovation Museum will be developed at the NGEF campus in Baiyappanahalli, Bengaluru, under a Public-Private Partnership (PPP) model, with a total project cost of Rs 100 crore. Of this, Rs 49 crore will be contributed by the state government and Rs 51 crore by the private partner, he said.
