The summit was an attempt to bring together the corporate and the academia to deliberate on issues and challenges facing the nation and share their experiences and views with the larger audience. Presentations were made on cross-border investments, innovation and infrastructure by academicians, thinkers, economists and industry leaders.
The two day event was inaugurated by Professor Dr. S.K. Jain of Department of Management Studies, IIT Delhi who was accompanied by eminent personalities like Mr. Gurcharan Das, Author, Columnist Times of India and Mr. Krishan Kalra, Secretary General, PHD chambers of commerce. Speaking at the occasion, Dr. S.K. Jain talked about how there has been a change over the years in the way India and Indians are perceived abroad. He shed some light on the issues facing the country like illiteracy and the need to elect the right government.
Mr. Krishan Kalra reflected that India has a long way to go before it attains the status of a superpower - for that to happen we need favourable govt. policies, better infrastructure, change in labour laws and the need to impart vocational training to as many as possible. He also opined that per capita income was a better way to measure a countrys growth rather than GDP.
Mr. Gurcharan Das made a stunning remark to begin his speech. Prosperity will spread in India but happiness will not until we fix governance, he said. He spoke at length about various issues and stressed the importance of determination and humility as hallmarks in the making of a great manager. Poverty can only be tackled by economic growth-this was his sentiment as he advocated the brilliant growth model adopted by India which he called unique since it is domestic led, based on consumption and hi tech capital intensive making it somewhat insulated and less vulnerable. Mr. Das also gave some growth projections and bolstered the view that India is resilient enough to come out strong from the current economic crisis. Like the two former speakers, he too stressed the importance for good governance and was sarcastic about the present state, he said Economy grows at night when government is asleep. He explained to the audience the drivers of India growth story and the future aspects. The inaugural session was truly enriching and gave an idea of what to expect, what to wait for!
The first session Cross Border Investments Managing the downturn of Day 1 at Building India Inc. was an attempt to ponder over the current financial situation of the world with respect to India and think of remedial solutions. The session boasted the presence of many distinguished guests who enlightened the audience with a plethora of diverse perspectives on the topic. The session started with inaugural address by Professor S.K. Jain who is the Chairperson of Entrepreneurship and IPR, Department of Mgmt. Studies, IIT Delhi who spoke about how the current financial crisis is affecting Indian investments and left the podium open for discussion. The discussion was continued by Mr. Adesh Jain, Chairperson IPMA who has led many projects for Govt. of India. He stressed the importance of Managing future, managing uncertainties. The next speaker, Mr. Ambuj Jain, Controller, Forex,
Jubilant Organosys provided students with astounding data regarding the world markets. He said that the major markets in the world have come down 40-45% whereas the emerging markets have come down by more than 50%. He also talked about greater volatility, how currencies are depreciating compared to the dollar and how Gold, once considered less vulnerable has also been falling in the present scenario. He predicted immense decrease in world GDP, sharper job losses around the globe and a long period for the capital markets to stabilize.
Mr. Vikram Thakur, who works as a senior manager in the middle market segment of Deloitte, took the discussion forward by considering the perspective of short term fix versus long term planning. He began with Warren Buffets famous quote Be careful when others are greedy and be greedy when others are careful. He emphasised the need for the companies to improve operational efficiencies, cost cutting efforts and individual employee performance. Mr. Amit Khosla, the last speaker of the session continued with the Private equity perspective for managing the downturn. He predicted severe liquidity crunch which is going to stay for next two years and discussed a case to make the audience understand better.
The topic for the post lunch session was Innovation and Quality- Building a Resilient India.The session had Prof. Sushil, the chair for Strategic Management and Flexible Management at DMS, IIT Delhi as the chairperson.He gave an overview of the topic for discussion and declared the session open.
The first speaker for the session was Mr. Parikshit Sharma, Vice- President, Business Development, Lifestyle Stores.The talk began with a video showing eminent personalities who, through a belief in self and the ability to take charge, made it big in their life.If bureaucracy and politicians would change, we can build a resilient India, he said, adding that it is up to the people themselves to take charge.He quoted many examples of innovation in India and said that success is a realistic time-bound plan of action.
The next speaker, Mr. Brijesh Kapil from Ranbaxy Global Consumer Healthcare, asked the chicken or egg question - do developed countries have high GDP because of innovation or is innovation possible because of high GDP?He said that in India, the focus of pharma companies is to provide better and affordable medicines than to make variants for existing medicines. To serve in India, one just needs to deliver the best with the available competencies.However, to be globally reckoned, one needs to innovate.Stress was laid on the importance of a common innovative infrastructure and collaborative systems with international giants.
Mr. Salil Agrawal from ECS Ltd was the next speaker.He said that innovation could be creating something entirely new or changing the way things are done.While product quality is important, consistent quality assurance also plays an important role.Quality provides a framework to help take an idea to a practical outcome.He said that the main challenges in India are lack of processes to convert an idea to a product and continuous improvement.He said that R & D is not an end in itself.He put forward an action plan for India Inc. which includes developing quality consciousness, thinking about process and process variance, and removal of the Chalta Hai attitude.
The last speaker of the session and the day, Mr. Rajeev Chak, head of CNG, Adani Energies Ltd, spoke about the cultural issues that prevent or slow down innovation in India.We wait till the last moment for some miracle to happen, and discourage people from thinking.He also said that innovation solves the problem, while quality sustains the solution.Business innovations are more driven by public demand than by scientific discovery, he said, and added that innovation was not the privileged practice of a special group.In India, innovation has occurred everywhere, not just in R & D departments.
The session was then thrown open for questions, where traditional innovation and venture capital were discussed at length.The session came to an end with Prof. Sushil thanking all the esteemed guests and presenting mementos.
The second day of BII took off with the first session focusing on the issue of Infrastructure Catering to Needs, Creating Opportunities. The Chair for the session, Prof D K Banwet gave an insightful introduction touching upon the necessity of building up our countrys infrastructure and highlighting on the importance of education infrastructure as an investment in the future.
The first speaker of the day was Mr Alex P Verghese, Executive Director in Business Development in Indian Oil Corporation, New Delhi. He presented his views and ideas on Liquefied Natural Gas (LNG), the Future fuel. His presentation Technology Innovation: LNG at Doorsteps focused on new innovations in the field of LNG distribution. Ms Anjana Dhar, General Manager, Business Development and Private Investment at Power Grid Corporation of India Limited, said that it is the Indian Governments aim to bring electricity to every household by 2012 and POWERGRID has contributed in fulfilling this aim. The third speaker was Mr Prem Subramanium, Principal Business Development, IDFC . Having observed and participated in numerous infrastructure development projects both in India and in the UK, Mr Subramanium was able to provide a very interesting perspective on the topic at hand. He chose to lay emphasis on the ultimate users of infrastructure pointing out that instead of just developing infrastructure with an aim to dazzle, we should focus on the ultimate users of that infrastructure. The next speaker, Mr Arun Bhalla presented his views on the Clean Technology Revolution. He illustrated the growing use of renewable energy resources and how in an effort to clean up our planet most countries today were moving away from fossil fuel based economies to those based on alternate energy sources. Dr K V Damodharan was the last speaker of the session. He presented a highly analytical perception of Infrastructure in Telecom Networks.
The second session was a Conclave to discuss Politics and Business : A Bitter Cocktail and it turned out to be an interesting rendezvous between intelligentsia, and focused on contemporary issues of Indian politics, business and media. It made the audience ponder if there is a brighter side to this combustible amalgam!
The session was inaugurated by Professor R.K. Baisya, a renowned professor at Department of Management Studies, IIT Delhi. He began by saying that there is a joint interest of politics and business that makes them come together in the first place. He said there was a need to create better infrastructure which also includes social infrastructure as it lays foundation for a sturdy nation. Politicians and businessmen are dependent on each other for various reasons. According to him, the key issue in todays scenario of globalisation is what kind of relationship politics and business share. With this, he threw the topic open for discussion. He was joined in by Mr. Pavan Chaudhary, CEO, Vygon India who has authored books such as RX factor and When you are sinking, Become a submarine and has recently come up with an audio trilogy of wisdom ( Chanakyas political, Confucius social and Kabirs spiritual), Mr. Josey P John, National Corporate Director, Mint and has worked with the Financial Express, Business Week, The Daily Deal, Reuters, the Economic Times and Business Standard, Mr. Rajeev Karwal , Founder and CEO, Milagrow and Ex CEO of Electrolux and Kelvinator and Mr. Rohit Mahajan, CEO Saviance Technologies.
The discussion began with a question Why does politics need business?All speakers chipped in with their views and Mr. Rajeev Karwal commented that Politics is a Vote-and-Note cocktail. There are no role models in politics nowadays to inspire the Gen next, he said. Mr. Josey John refuted by saying that all politicians are not alike and there are some who are still very honest, this he said was based on his personal experiences with them.Also, why business needs politics was also thought over by the panel. It was discussed that all companies have the same resources; it is political connections and affiliations which can make a difference. However, its important that velocity of doing business in India is increased by reducing the nitty-gritties of the paperwork involved. All business operates under the law of land, hence legislation can play an important role in easing that. Sometimes big players do lobbying, this is because, Mr. Karwal said The Mighty make the rules. In the process, social justice is hurt.
The session as well as the two day event, Building India Inc. finally ended with the vote of thanks by Pratyush Thakur, event coordinator.
MBAUniverse.com, Indias leading management portal, was the official media partner of this important knowledge event. Stay tuned to MBAUniverse.com for latest news and views on management education, thought and practice.
| Check Top MBA Colleges in India by Cities | | |
| Also Read Important Articles on MBA Admission | ||
| Top MBA Colleges in India | MBA Admission | MBA Entrance Exam |
| MBA Placements | MBA Ranking In India | GD Topics |
The summit was an attempt to bring together the corporate and the academia to deliberate on issues and challenges facing the nation and share their experiences and views with the larger audience. Presentations were made on cross-border investments, innovation and infrastructure by academicians, thinkers, economists and industry leaders.
The two day event was inaugurated by Professor Dr. S.K. Jain of Department of Management Studies, IIT Delhi who was accompanied by eminent personalities like Mr. Gurcharan Das, Author, Columnist Times of India and Mr. Krishan Kalra, Secretary General, PHD chambers of commerce. Speaking at the occasion, Dr. S.K. Jain talked about how there has been a change over the years in the way India and Indians are perceived abroad. He shed some light on the issues facing the country like illiteracy and the need to elect the right government.
Mr. Krishan Kalra reflected that India has a long way to go before it attains the status of a superpower - for that to happen we need favourable govt. policies, better infrastructure, change in labour laws and the need to impart vocational training to as many as possible. He also opined that per capita income was a better way to measure a countrys growth rather than GDP.
Mr. Gurcharan Das made a stunning remark to begin his speech. Prosperity will spread in India but happiness will not until we fix governance, he said. He spoke at length about various issues and stressed the importance of determination and humility as hallmarks in the making of a great manager. Poverty can only be tackled by economic growth-this was his sentiment as he advocated the brilliant growth model adopted by India which he called unique since it is domestic led, based on consumption and hi tech capital intensive making it somewhat insulated and less vulnerable. Mr. Das also gave some growth projections and bolstered the view that India is resilient enough to come out strong from the current economic crisis. Like the two former speakers, he too stressed the importance for good governance and was sarcastic about the present state, he said Economy grows at night when government is asleep. He explained to the audience the drivers of India growth story and the future aspects. The inaugural session was truly enriching and gave an idea of what to expect, what to wait for!
The first session Cross Border Investments Managing the downturn of Day 1 at Building India Inc. was an attempt to ponder over the current financial situation of the world with respect to India and think of remedial solutions. The session boasted the presence of many distinguished guests who enlightened the audience with a plethora of diverse perspectives on the topic. The session started with inaugural address by Professor S.K. Jain who is the Chairperson of Entrepreneurship and IPR, Department of Mgmt. Studies, IIT Delhi who spoke about how the current financial crisis is affecting Indian investments and left the podium open for discussion. The discussion was continued by Mr. Adesh Jain, Chairperson IPMA who has led many projects for Govt. of India. He stressed the importance of Managing future, managing uncertainties. The next speaker, Mr. Ambuj Jain, Controller, Forex,
Jubilant Organosys provided students with astounding data regarding the world markets. He said that the major markets in the world have come down 40-45% whereas the emerging markets have come down by more than 50%. He also talked about greater volatility, how currencies are depreciating compared to the dollar and how Gold, once considered less vulnerable has also been falling in the present scenario. He predicted immense decrease in world GDP, sharper job losses around the globe and a long period for the capital markets to stabilize.
Mr. Vikram Thakur, who works as a senior manager in the middle market segment of Deloitte, took the discussion forward by considering the perspective of short term fix versus long term planning. He began with Warren Buffets famous quote Be careful when others are greedy and be greedy when others are careful. He emphasised the need for the companies to improve operational efficiencies, cost cutting efforts and individual employee performance. Mr. Amit Khosla, the last speaker of the session continued with the Private equity perspective for managing the downturn. He predicted severe liquidity crunch which is going to stay for next two years and discussed a case to make the audience understand better.
The topic for the post lunch session was Innovation and Quality- Building a Resilient India.The session had Prof. Sushil, the chair for Strategic Management and Flexible Management at DMS, IIT Delhi as the chairperson.He gave an overview of the topic for discussion and declared the session open.
The first speaker for the session was Mr. Parikshit Sharma, Vice- President, Business Development, Lifestyle Stores.The talk began with a video showing eminent personalities who, through a belief in self and the ability to take charge, made it big in their life.If bureaucracy and politicians would change, we can build a resilient India, he said, adding that it is up to the people themselves to take charge.He quoted many examples of innovation in India and said that success is a realistic time-bound plan of action.
The next speaker, Mr. Brijesh Kapil from Ranbaxy Global Consumer Healthcare, asked the chicken or egg question - do developed countries have high GDP because of innovation or is innovation possible because of high GDP?He said that in India, the focus of pharma companies is to provide better and affordable medicines than to make variants for existing medicines. To serve in India, one just needs to deliver the best with the available competencies.However, to be globally reckoned, one needs to innovate.Stress was laid on the importance of a common innovative infrastructure and collaborative systems with international giants.
Mr. Salil Agrawal from ECS Ltd was the next speaker.He said that innovation could be creating something entirely new or changing the way things are done.While product quality is important, consistent quality assurance also plays an important role.Quality provides a framework to help take an idea to a practical outcome.He said that the main challenges in India are lack of processes to convert an idea to a product and continuous improvement.He said that R & D is not an end in itself.He put forward an action plan for India Inc. which includes developing quality consciousness, thinking about process and process variance, and removal of the Chalta Hai attitude.
The last speaker of the session and the day, Mr. Rajeev Chak, head of CNG, Adani Energies Ltd, spoke about the cultural issues that prevent or slow down innovation in India.We wait till the last moment for some miracle to happen, and discourage people from thinking.He also said that innovation solves the problem, while quality sustains the solution.Business innovations are more driven by public demand than by scientific discovery, he said, and added that innovation was not the privileged practice of a special group.In India, innovation has occurred everywhere, not just in R & D departments.
The session was then thrown open for questions, where traditional innovation and venture capital were discussed at length.The session came to an end with Prof. Sushil thanking all the esteemed guests and presenting mementos.
The second day of BII took off with the first session focusing on the issue of Infrastructure Catering to Needs, Creating Opportunities. The Chair for the session, Prof D K Banwet gave an insightful introduction touching upon the necessity of building up our countrys infrastructure and highlighting on the importance of education infrastructure as an investment in the future.
The first speaker of the day was Mr Alex P Verghese, Executive Director in Business Development in Indian Oil Corporation, New Delhi. He presented his views and ideas on Liquefied Natural Gas (LNG), the Future fuel. His presentation Technology Innovation: LNG at Doorsteps focused on new innovations in the field of LNG distribution. Ms Anjana Dhar, General Manager, Business Development and Private Investment at Power Grid Corporation of India Limited, said that it is the Indian Governments aim to bring electricity to every household by 2012 and POWERGRID has contributed in fulfilling this aim. The third speaker was Mr Prem Subramanium, Principal Business Development, IDFC . Having observed and participated in numerous infrastructure development projects both in India and in the UK, Mr Subramanium was able to provide a very interesting perspective on the topic at hand. He chose to lay emphasis on the ultimate users of infrastructure pointing out that instead of just developing infrastructure with an aim to dazzle, we should focus on the ultimate users of that infrastructure. The next speaker, Mr Arun Bhalla presented his views on the Clean Technology Revolution. He illustrated the growing use of renewable energy resources and how in an effort to clean up our planet most countries today were moving away from fossil fuel based economies to those based on alternate energy sources. Dr K V Damodharan was the last speaker of the session. He presented a highly analytical perception of Infrastructure in Telecom Networks.
The second session was a Conclave to discuss Politics and Business : A Bitter Cocktail and it turned out to be an interesting rendezvous between intelligentsia, and focused on contemporary issues of Indian politics, business and media. It made the audience ponder if there is a brighter side to this combustible amalgam!
The session was inaugurated by Professor R.K. Baisya, a renowned professor at Department of Management Studies, IIT Delhi. He began by saying that there is a joint interest of politics and business that makes them come together in the first place. He said there was a need to create better infrastructure which also includes social infrastructure as it lays foundation for a sturdy nation. Politicians and businessmen are dependent on each other for various reasons. According to him, the key issue in todays scenario of globalisation is what kind of relationship politics and business share. With this, he threw the topic open for discussion. He was joined in by Mr. Pavan Chaudhary, CEO, Vygon India who has authored books such as RX factor and When you are sinking, Become a submarine and has recently come up with an audio trilogy of wisdom ( Chanakyas political, Confucius social and Kabirs spiritual), Mr. Josey P John, National Corporate Director, Mint and has worked with the Financial Express, Business Week, The Daily Deal, Reuters, the Economic Times and Business Standard, Mr. Rajeev Karwal , Founder and CEO, Milagrow and Ex CEO of Electrolux and Kelvinator and Mr. Rohit Mahajan, CEO Saviance Technologies.
The discussion began with a question Why does politics need business?All speakers chipped in with their views and Mr. Rajeev Karwal commented that Politics is a Vote-and-Note cocktail. There are no role models in politics nowadays to inspire the Gen next, he said. Mr. Josey John refuted by saying that all politicians are not alike and there are some who are still very honest, this he said was based on his personal experiences with them.Also, why business needs politics was also thought over by the panel. It was discussed that all companies have the same resources; it is political connections and affiliations which can make a difference. However, its important that velocity of doing business in India is increased by reducing the nitty-gritties of the paperwork involved. All business operates under the law of land, hence legislation can play an important role in easing that. Sometimes big players do lobbying, this is because, Mr. Karwal said The Mighty make the rules. In the process, social justice is hurt.
The session as well as the two day event, Building India Inc. finally ended with the vote of thanks by Pratyush Thakur, event coordinator.
MBAUniverse.com, Indias leading management portal, was the official media partner of this important knowledge event. Stay tuned to MBAUniverse.com for latest news and views on management education, thought and practice.
| Check Top MBA Colleges in India by Cities | | |
| Also Read Important Articles on MBA Admission | ||
| Top MBA Colleges in India | MBA Admission | MBA Entrance Exam |
| MBA Placements | MBA Ranking In India | GD Topics |
Department of Management Studies, IIT Delhi in association with PHD Chamber of Commerce and Industries organised its annual national business summit titled Building India Inc. 2008 on November 1-2, 2008.