GIBSS is Among 30 Startups Selected to be a Part of "India-US Startup Konnect" Program in Honor of Hon'ble Prime Minister Narendra Modi's Visit to Silicon Valley

MUMBAI, September 25, 2015 /PRNewswire/ --

GIBSS is among 30 Startups selected to be a part of "India-US Startup Konnect" program in honor of Hon'ble PM Narendra Modi's visit to Silicon Valley. PM Narendra Modi will address the India-U.S. Startup Konnect and will share his vision on 'Start-up India, Stand-up India'. "India-US #StartupKonnect will showcase success stories of Indian entrepreneurs to highlight the rapidly rising global impact of technology innovation from India.

Arun Shenoy, Co-Founder and Executive Director-Business Operations, GIBSS said, "We feel greatly humbled by our selection to represent the clean technology sector from India. These recognitions keep us motivated to bring innovative solutions that will help realize the vision of Net Zero Energy Buildings and greener India. With a payback of less than 2 years and an economic life of over 30 years, GIBSS proprietary and innovative geothermal designs and strategies are a game changer in the air-conditioning and process cooling/heating industry."

GIBSS has facilitated the journey towards this destination by helping more than 400 buildings in India reduce their utility demands by 50-80% through our Geothermal Air-conditioning, Hot Water and Lighting innovations. GIBSS has made this technology commercially viable so that every building around the world can reduce its demand and carbon footprint by a significant margin before exploring the supply side solutions such as solar, wind etc.

Mandar Kaprekar, Co-Founder and Executive Director-Technology & Projects, GIBSS said, "This is a testimony to the fact that our innovation has a great potential to address the energy issues in the country and bring about a significant business and social impact. With the induction of the national geothermal policy by the MNRE (Ministry of New and Renewable Energy) and the integrated smart city initiative by the Government of India, there will be a large scale adoption of this technology in India in the months to come."

As per Kunal Upadhyay, CEO, CIIE, with regards to the Startup Konnect 2015, "The highlight of this event will be an exhibition by innovative Indian startups - often working under the radar across areas as diverse as healthcare, agriculture, energy, technology and aerospace. These startups are representative of the changing India where apart from just creating solutions for the upper middle-class urban consumer of India, the innovators are leveraging technology and their experiences to create massive impact by solving some tougher problems."

About Green India Building Systems and Services (GIBSS)  

GIBSS, a zero net energy building systems company, helps businesses reduce costs and raise productivity through compelling "triple bottom line" energy efficiency products and solutions in their buildings. GIBSS portfolio of Geothermal cooling systems, Hot water co-generation systems, lighting and Indoor air quality systems reduces operating costs in buildings by up to 70%. With its zero initial investment or Pay from Savings model and performance bank guarantees, GIBSS has made state-of-the-art technologies commercially viable to its clients.

GIBSS, a pioneer in geothermal cooling technology, has bagged several prestigious awards for its product and solution innovations in the high performance building systems space. Some of the honors include the India innovation award by the Ministry of Science & Technology, ClimateSolver Award by World Wide Fund, Sankalp Award for the most sustainable clean technology company in India, Parivartan Award for Sutainability leadership, India Africa Award supported by the Ministry of External Affairs, CNBC Samsung Innovation Quotient.

For further information visit: http://www.gibss.in; https://en.wikipedia.org/wiki/GIBSS

Media Contact:
Ramdas Shenoy
[email protected]
+91-8097016041
Director Marketing
Green India Building Systems & Services Pvt. Ltd