SoftTech Bags the FICCI Smart Urban Innovations Award and also a Recognition Trophy by the Minister of State for Communications of India
SoftTech Engineers Limited has won the FICCI Smart Urban Innovations Award held on April 29th, 2022 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), AI (Artificial Intelligence) & ML (Machine Learning) through SoftTechs innovative software products BIMDCR and AutoDCR by introducing permits on the BIM model. This is the second breakthrough initiative in the world only after Singapore. BIMDCR is helping MCGM dynamically simplify & automate the construction permit processes.
Leveraging the BIMDCR-based permit system, MCGM has significantly improved the Ease of Doing Business Ranking. 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, and the quality parameter is achieved 100% as per World Bank norms. The 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 apex business chamber in India. From influencing policy and encouraging deliberations to engage 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. towards the advancement of India.
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Mr. Vijay Gupta, CEO and Founder of SoftTechâ
Commenting on the award, Mr. Vijay Gupta, CEO and Founder of SoftTech said, “SoftTech has been at forefront of bringing about the most impactful technology-led innovations around the world in the AEC Industry (Architecture, Engineering & Construction). Our diversified software product offerings are paving new ways for the industry to leverage automation & insights to maximize efficacy & value generated.“
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 speakers 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.
About SoftTech Engineers
A leading IT company facilitating business and technology transformation across the AEC industry through innovative software products and solutions. Equipped with 25+ years of deep domain expertise and industry knowledge, SoftTech has helped more than 4500 clients and government organizations, with more than 25000 users in India and around the world to gain a competitive edge and lead from the front in the industry.
For more information, please visit: softtech-engr.com.
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