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IFC, Indian Hotels Company launch global call for innovators to bring climate smart cooling solutions

17 Mar 2021 Evaluate

IFC, a member of the World Bank Group, and Indian Hotels Company (IHCL) have launched an open call for innovators worldwide to bring efficient, climate-smart, cost-effective cooling solutions to India’s hospitality sector.

The TechEmerge Sustainable Cooling Innovation Program in the Indian hospitality sector has been funded by the UK Government. It offers innovators market access and a combined pool of up to $500,000 in grant funding to pilot new solutions, including home-grown Indian solutions that reduce the high energy usage and climate impacts of cooling systems.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.

Peers
Company Name CMP
The Indian Hotels Co 737.20
ITC Hotels 158.85
Mahindra Holi.&Resor 199.15
EIH 303.70
Chalet Hotels 872.55
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