GIBSS Amongst Eleven Game-changing Innovations Shortlisted for the Coveted 'Innovation for India Awards' 2014 From Marico Innovation Foundation

MUMBAI, May 9, 2014 /PRNewswire/ --

Marico Innovation Foundation (MIF) announced the final shortlists of the Innovation for India Awards (IIA), with eleven innovative organisations competing for the coveted award. The shortlisted entries comprise seven contenders competing in the business category - Zydex Industries, Titan Eye Care, Tata Power Delhi Distribution Ltd, Innoz Technologies, GIBSS, Amagi Labs and Reuters Market Light (RML) and four contenders in the social sector- Nirantar Trust (Khabar Lahariya), Karadi Path, Agewell Foundation (Employment exchange) and Association for Democratic Reforms (ADR).

These entries were identified from applications that were received from diverse business houses, PSUs and social organisations across the country. Through Innovation for India Awards, MIF is making an attempt to acknowledge and encourage ideas that impact the society at large and thus showcase the impact to the larger community.

Mr. Arun Shenoy, Executive Director, Business Operations said, "It's a great honour to be amongst the other contenders. 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."

The Innovation for India Awards recognise innovations that impact lives positively and have at their core a great idea backed by a unique insight. The shortlisted entries have been chosen from about 435 applications and will be competing for the fifth edition of the awards, which are given biennially.

About GIBSS (Green India Building Systems and Services)

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. 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 portfolio of geothermal cooling systems, hot water co-generation systems, lighting and indoor air quality systems reduces operating costs in buildings by 60-80%. It has generated remarkable interest among building owners and operators and is set to become a game changer in the building systems space. For more information, visit www.gibss.in.

Media Contact: Ramdas Shenoy, [email protected], 8097016041, Executive Director-Marketing & Business Excellence, GIBSS