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How the government can support Indian precast construction startups

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India’s construction sector is witnessing rapid growth, driven by increasing urbanization and infrastructure development, which in turn is boosting the demand for innovative building technologies. 

Precast construction, where building components are manufactured in a factory and then assembled on-site, offers significant benefits, including faster construction times, improved quality control, and reduced waste. However, for precast construction startups to thrive in India, government support through initiatives and policies is crucial.

One of the most direct ways the government can support precast construction startups is through financial incentives. Subsidies on the purchase of machinery, tax breaks, and grants can significantly reduce the initial capital burden on startups. 

Additionally, low-interest loans and financial assistance programmes specifically tailored for the construction sector can help startups scale their operations more quickly. 

Simplifying regulatory approvals is another essential measure. The construction industry in India is often bogged down by a myriad of regulatory approvals and permits. Streamlining these processes can help startups in precast construction get their projects off the ground faster. 

Simplified approval processes for factory setups and standardized building codes for precast structures can reduce bureaucratic delays and make it easier for startups to comply with regulations.

Investment in research and development (R&D) is critical for the growth of precast construction technologies. The government can support this by funding R&D projects, establishing dedicated research centers, and encouraging collaborations between academia and industry. 

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This can lead to the development of new materials, improved manufacturing processes, and innovative design techniques that can enhance the competitiveness of Indian precast construction startups on a global scale.

For precast construction to be viable, robust infrastructure is essential. The government can play a pivotal role by investing in the development of industrial parks with state-of-the-art manufacturing facilities, improved transportation networks, and efficient logistics systems. 

This can help startups reduce production and transportation costs, ensuring timely delivery of precast components to construction sites. Moreover, the success of precast construction largely depends on a skilled workforce proficient in modern construction techniques. 

The government can support this by setting up training centers and vocational courses focused on precast construction. Initiatives under the Skill India Mission can be expanded to include specialized training for workers, engineers, and managers in the precast sector, helping bridge the skill gap and ensuring that startups have access to a competent workforce.

Public-Private Partnerships (PPPs) can provide a significant boost to precast construction startups. By collaborating with private companies, the government can undertake large-scale infrastructure projects that incorporate precast technology. 

These partnerships can serve as a platform for startups to demonstrate their capabilities, gain experience, and build a portfolio of successful projects. Additionally, PPPs can facilitate knowledge transfer and technological advancements in the sector.

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Encouraging green building practices is another area where the government can make a difference. Precast construction is inherently more sustainable compared to traditional building methods, as it reduces waste and improves resource efficiency. 

The government can promote precast construction as part of its green building initiatives. Policies that incentivize sustainable construction practices, such as the use of recycled materials and energy-efficient designs, can encourage startups to adopt and innovate in precast technology.

Creating awareness about the benefits of precast construction is essential for market growth. The government can lead by example by adopting precast methods in public infrastructure projects, setting a precedent for private developers. 

Additionally, organizing trade fairs, exhibitions, and seminars can help educate stakeholders about the advantages of precast construction and create market demand for these technologies.

Finally, fostering an innovation-friendly ecosystem can significantly benefit precast construction startups. Establishing incubators and accelerators specifically focused on construction technology can provide startups with the resources, mentorship, and networking opportunities they need to grow. The government can also facilitate connections between startups and larger construction firms, fostering collaborations that can drive innovation and market penetration.

In conclusion, government initiatives and policies play a vital role in nurturing the growth of precast construction startups in India. 

By providing financial support, simplifying regulations, promoting R&D, developing infrastructure, enhancing skill development, encouraging public-private partnerships, supporting green building practices, creating market awareness, and fostering innovation ecosystems, the government can create a conducive environment for these startups to thrive. This, in turn, can contribute to faster, more efficient, and sustainable construction practices in India, supporting the country’s broader economic and infrastructure development goals.

(Sagar Muthappa is the CEO of IndiHome123.)

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)





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Taming the restless ‘Monkey Mind’: 6 signs and calming tips

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Do you ever feel as if your thoughts are racing, jumping from one idea to the next without pause? This restless state of mind, commonly known as the “monkey mind,” can leave you feeling overwhelmed, distracted, and unable to focus. Imagine a monkey swinging from branch to branch—never still, always moving. The monkey mind does something similar, dragging your attention in multiple directions at once. In a world filled with constant notifications, endless tasks, and overstimulation, it’s no wonder our minds are often buzzing with a mix of unfinished thoughts, worries, and ideas.

Recognising and managing a monkey mind can be a game-changer for mental clarity, productivity, and peace. In this article, we’ll dive into six telltale signs of a monkey mind and explore proven strategies to calm it down and regain focus.

6 Telltale signs of a monkey mind


1. Constant overthinking

A classic sign of a monkey mind is constant overthinking. You may find yourself analysing every detail, reliving past conversations, or stressing over hypothetical situations that may never happen. This mental loop can keep you from moving forward or making decisions, trapping you in a cycle of what-ifs.

Try to channel overthinking into action by setting a time limit for worrying or planning, and then move on. Journaling can also help you process your thoughts and release them from your mind. Practicing mindfulness by focusing on what you’re doing right now can redirect your attention away from endless what-ifs.


2. Difficulty focusing on a task

If you find yourself switching tasks frequently, unable to concentrate on one thing for long, it’s a clear sign your mind may be restless. The monkey mind is easily distracted, often drawn to anything that promises novelty or instant gratification.

Implementing techniques like the Pomodoro Method—where you work for 25 minutes and then take a 5-minute break—can improve focus. Create a designated workspace, eliminate distractions, and try using noise-cancelling headphones or listening to concentration-friendly music to help you stay on task.


3. Procrastination and avoidance

A monkey mind often leads to procrastination, especially when faced with big or daunting tasks. The mind can become overwhelmed by the task’s complexity, prompting you to avoid it entirely and instead focus on smaller, less important activities.

Break tasks into smaller, manageable steps to make them feel less overwhelming. Set a specific goal for each work session, even if it’s just to complete a small portion. Reward yourself for each accomplishment, no matter how small, to keep your momentum going.


4. Heightened anxiety or stress

With the mind constantly jumping from one thought to another, stress and anxiety levels can increase. A monkey mind often dwells on worst-case scenarios and hypothetical fears, causing a continuous cycle of worry and tension.

Incorporate regular deep-breathing exercises or meditation into your day. Slow, mindful breathing can help activate the body’s relaxation response, lowering stress levels and bringing a sense of calm. For some, a quick physical reset—such as stretching or walking—can break the anxiety loop and help you feel grounded.


5. Trouble sleeping

If your mind feels like it’s in overdrive at night, it could be because of a monkey mind. Endless thoughts and worries can make it hard to fall asleep or stay asleep, leaving you feeling exhausted the next day.

Establish a calming bedtime routine to signal your mind and body that it’s time to wind down. Avoid screens at least an hour before bed, and consider listening to a guided meditation or calming sounds to lull your mind into relaxation mode. Journaling before bed can also help you clear your mind by putting your thoughts on paper.


6. Feeling constantly distracted

A monkey’s mind craves stimulation and often finds it challenging to stay present. You may find yourself constantly checking your phone, seeking out new content, or even daydreaming when you should be focused on a task at hand.

Practice “mindful breaks” during your day—short intervals where you put down your devices, observe your surroundings and ground yourself in the present. Limiting the number of things you try to multitask can help, too. Start by giving your full attention to one task, and slowly build your focus endurance from there.


Conclusion

Our minds are naturally curious, and having occasional restless thoughts is normal. However, when the monkey mind takes over, it can disrupt our peace, productivity, and well-being. Recognising the signs of a monkey mind and incorporating calming strategies—like mindfulness, structured work sessions, and relaxation techniques—can help you regain control over your mental landscape. The next time you find your mind swinging wildly, try one of these calming techniques to bring yourself back to a state of balance and clarity.

By making mindfulness a habit and addressing the monkey mind head-on, you’ll be able to cultivate a deeper sense of peace, focus, and contentment in your daily life.





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Swiggy IPO gets oversubscribed led by QIB bids

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Foodtech giant Swiggy IPO was oversubscribed 1.07 times by Friday afternoon, the third day of its book-building process. 

Qualified Institutional buyers (QIBs), which typically invest on the last day to gauge overall market demand, came through for the company’s IPO, with the portion oversubscribed 1.52 times.

According to the BSE, non-institutional investors(NIIS) made bids for 22% of the allocated issue size, while retail investors subscribed to 97% of the portion.

The Sriharsha Majety-led company saw the quota reserved for employees being subscribed 1.38 times.

On the first and second days of the book-building process, Swiggy IPO was subscribed only 35% and 12%, respectively.

Swiggy has secured nearly Rs 5,085 crore (about $605 million) from anchor investors, including the life insurance and mutual fund divisions of HDFC, ICICI, and SBI. The anchor book attracted participation from over 75 major domestic mutual funds, along with international investors such as Astrone Capital, Fidelity, and BlackRock.

The Bengaluru-headquartered company, which competes with publicly listed Zomato and General Catalyst-backed Zepto, has set its IPO price band at Rs 371 – Rs 390 per equity share.





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OpenAI spent $10 million on this domain: Here’s why!

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Have you checked out X (formerly Twitter) lately? If you have, you might have come across an intriguing post by Sam Altman featuring a mysterious URL called “Chat.com”, with no caption. Curious? When you click on it, you’re taken straight to OpenAI’s groundbreaking tool, ChatGPT.

OpenAI has made headlines recently with a jaw-dropping move: they reportedly shelled out over $10 million for this domain! At first glance, this looks like a steep price tag in an era where many brands are trimming their budgets to stay lean.

So, what’s the story behind this hefty domain purchase? Let’s take a closer look at this!

Why OpenAI spent millions of dollars on a domain

This strategic move is driven by OpenAI’s mission to establish itself as a dominant force in the realm of AI-powered tools, particularly through its flagship product, ChatGPT.

In the tech world where innovation reigns supreme, securing a domain that perfectly aligns with the branding and functionality of its most popular service is a given. Today, ChatGPT has rapidly become a go-to AI tool used by millions for generating images, answering questions and offering assistance with content creation and even programming.

So, OpenAI’s purchase of chat.com is not just about owning a cool web address—it’s a calculated move to enhance its digital identity and ensure that the ChatGPT experience remains tied to its brand as it expands its offerings.

The bigger picture: OpenAI and HubSpot

In a surprising turn of events, the tech world is buzzing over OpenAI’s recent million-dollar domain acquisition, leaving many to wonder about its intriguing backstory. The domain in question, chat.com, has quite the history—it was initially registered way back in September 1996.

Fast forward to 2023, and it found a new owner in Dharmesh Shah, the co-founder and CTO of the widely popular CRM platform HubSpot, who purchased it for a staggering $15.5 million! But the plot thickens!

Just a few months later, in March, Dharmesh dropped a bombshell: he sold chat.com to an anonymous buyer for an undisclosed sum, which has now been confirmed to be OpenAI. While Sam Altman has remained tight-lipped about the specifics of the acquisition, reports from The Verge suggest that Dharmesh may have pocketed more than $15 million from the sale.

This hefty investment in chat.com is more than just a flashy purchase; it’s part of OpenAI’s strategic vision. Owning a domain that’s not only memorable but also inspires trust is crucial for establishing credibility and attracting customers in this competitive landscape.

Chat.com is now ChatGPT’s new destination

Spending more than $10 million on a domain might seem extravagant, but for OpenAI, this investment is a strategic move aimed at building a more unified, and recognisable brand. With chat.com, the company positions itself at the centre of the rapidly growing AI-powered market. As OpenAI continues to innovate, this domain acquisition will likely prove to be one of the company’s most crucial investments in securing its place at the top of the AI industry.





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