Last Updated on February 23, 2023 by softtech
India: Recently SoftTech Engineers Limited has won the FICCI Smart Urban Innovations Awards in the Disruptive Solutions Category for enabling MCGM (Municipal Corporation of Greater Mumbai) to boost the Ease of Doing Business Ranking (EoDB by World Bank) in manifolds. MCMG has been harnessing the power of BIM (Building Information Modelling) Technology through SoftTech’s innovative software product BIMDCR® by introducing permits on the BIM model. This is the second breakthrough initiative in the world only after Singapore. BIMDCR® is helping MCGM dynamically simplifying & automating the construction permit processes.
Leveraging the BIMDCR®-based permit system, MCGM has significantly improved the ease of doing business. The number of procedures has been reduced from 20 to 8., the time taken for the process has been reduced from 99 to 45 days, the cost has reduced from 6.6% to 2.21% value of Warehouse, the quality parameter is achieved 100% as per World Bank norms., transparency ensured by randomization of scrutiny officials and remarks being in the public domain has been maximized and information dissemination by dynamic dashboard has been accomplished.
Awarding body, FICCI (Federation of Indian Chambers of Commerce and Industry) is the oldest, largest and the apex business chamber in India. From influencing policy and encouraging deliberations to engaging with policymakers and civil society, FICCI articulates the views and concerns of industry. The award assessed the developments facilitated by technology organizations leveraging innovative technologies such as Artificial Intelligence, Machine Learning, Deep Learning, etc.
Moreover, very recently, Mr. Vijay Gupta, Founder, MD & CEO at SoftTech has been felicitated with a recognition trophy by Mr. Devusinh Chauhan (Minister of State for Communications of India) for being an esteemed panel speaker at India Infra Forum 2022 organized by Alvarez & Marsal and EPC World. The speak’s agenda was driving India’s growth towards an all-rounded infra-development by leveraging the two wheels of success – Sustainability & Innovation. Alvarez & Marsal is a global professional services firm notable for its work in turnaround management and performance improvement of multiple large, high-profile businesses across the world.