CII COMMUNIQUE - December 2017

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Communiqué December 2017 | 1

Edited, printed and published by Chandrajit Banerjee, Director General, CII, on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi-110003, Tel: 91-11-24629994-7, Fax: 91-11-24626149, Email: [email protected], Website: www.cii.inPrinted at Lustra Print Process Pvt. Ltd., K No. 51/21, Rohad, Bahadurgarh (Haryana), PIN Code-124507 Registration No. 34541/79

JOURNAL OF THE CONFEDERATION OF INDIAN INDUSTRY

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Contents Volume 39 No. 12 December 2017

ECONOMY04 Moving Towards a Good and Simple Tax

FOCUS13 Building Indo-Canadian Partnership in

Science and Technology

MINDSPACE17 India Inc: Deepening its Global Footprint

BOARDROOM25 Good Governance is Good for Business

SECTORSCAPE29 Boosting the Domestic Defence Industry

Mining Summit 2017: Exploring the un-explored

Opportunities in Adventure Tourism

PLUS...

PORTFOLIO FOR EXCELLENCE

BUILDING CAPACITY

ENGAGING WITH THE WORLD

REGIONAL REVIEW

... AND MORE

COVER STORY

06 Jobs and Livelihoods in the New ParadigmIndia is facing a huge jobs and livelihood challenge. While policy-makers are working towards revamping the existing skills ecosystem and revisiting the economic landscape to pace up GDP growth and create more jobs, industry too, in tandem, is exploring ways to build capacity and capability across the country’s skillscape through diverse initiatives.

With Industry 4.0 becoming a reality, business expectations and demands are evolving rapidly, as are the shapes, sizes and nature of enterprises. Our cover story looks at how Government, industry and organizations are meeting the challenge of generating sustainable productive and income-generating opportunities for the ever-increasing workforce.

4 | December 2017 Communiqué

Continuing with its calibration of the Goods and Services Tax (GST) introduced in July this year, the GST Council has proactively addressed issues

raised by industry. During its 23rd meeting in Guwahati on 10 November, many significant policy changes were announced, including facilitative measures for taxpayers and rationalization of GST rates.

The cut in tax rates for nearly 200 items brought cheer to industry: 178 items were moved from 28% to 18% rates. GST for all restaurants was pegged at 5% without input tax credit (ITC) except for those restaurants located in five star hotels. Rates on some other items were brought down to the 12%, 5% and Nil categories.

Further, in a bid to simplify the returns filing process, the Council extended the date for filing of Form GSTR-3B till 31 March, 2018 while keeping only Form GSTR-1 till the year-end. Deadlines for various returns such as GSTR-4 and TRAN-1 have also been extended.

Indeed, the 23rd meeting of the GST Council will go a long way in the evolution of GST in India. Government has recognized the challenges being faced by trade and industry, especially the MSME sector, on the GST rates. The pragmatic shift away from the ‘equivalence’

principle of fixing GST rates i.e. that rates should be roughly equal to the earlier rate of excise plus VAT, to categorizing items under ‘standard’ (most mass consumption items falling in the range of 12% or 18%), ‘demerit’ goods (sin or luxury items falling in the 28% band with cess), and ‘merit’ goods (items used by the poor, and falling in the zero or 5% band), is indeed noteworthy and appreciated by CII.

The GST rate changes announced will further facilitate in streamlining the rates, reducing complexity, and increasing compliance. They will also help in reducing the prices of products and increasing consumption. The process of convergence of the standard rate somewhere between 12% and 18% may well be in the offing in the near future.

The relaxation of GST returns filing timelines will give a welcome breather to the GST Network to streamline work to improve the processes to make GST more stable and productive in the next financial year.

Further, the increase in the threshold of composition to `1.5 crores is a significant move and shall help in easier compliance. The changes in the composition scheme (1% rate for manufacturers, and exemption of supply

The latest changes will further facilitate in streamlining the GST rates,

reducing complexity, and increasing compliance

ECONOMY

taxation

Moving Towards a Good and Simple Tax


ECONOMY

of services up to `5 lakhs) and proposed changes in the said scheme (increase in annual turnover limits for eligibility) would provide relief to small businesses.

Issues for Further ConsiderationCII has been working closely with the Government to present industry perspectives on the implementation of GST. While the rate reductions and administrative processes are in line with its submissions, CII has further identified some issues as below:

• Free flow of the credit chain is the key towards GST implementation. As tax revenues stabilize, it is hoped that the Council may consider bringing petroleum, electricity and the real estate sector within its ambit to ensure free flow of credit through the supply chain.

• While the mass rate reduction is a welcome move, there are some anomalies. Cement and paint continue to remain in the 28% slab, while concrete attracts 18%, and steel and wood, also used in construction, stand at 18%. The GST rate of other construction materials like slabs/tiles of marble and granite has been reduced to 18%. It is hoped that this would be looked at in subsequent Council meetings and the rates would be rationalized.

• The focus now should be on the lower end of the rate slabs, as the country seeks to further streamline the structure by converging multiple rates into two or three. The Council should endeavor to recast the lower 12% and 5% rate slabs.

• It is pertinent to note that the anti-profiteering provisions under the GST require the taxpayers to pass on the benefit of the decreased tax rate. Thus, if the tax rate reduces, the manufacturer has to pass on the benefit to the customers. Consequently, there is the possibility that a product manufactured within a difference of a few days may have a different MRP, leading to confusion for the consumers. Clear guidelines on how pricing

and profits are to be calculated under the GST regime to track any unlawful gains and clarity on whether anti-profiteering provisions would apply at the entity or product level would be helpful. An anti-profiteering body has now been set up and is expected to clarify the issue.

• To address the concerns of industry, the GST Council could consider reviving or reconstituting sectoral groups under its umbrella. This is not a new recommendation as the Government did constitute such groups earlier. They had received overwhelming response from industry and associations. The sectoral groups could become an interface between the GST Council and taxpayers / associations, and

should be open and accessible to interactions with, and inputs from, industry.

• The GST Council has made announcements to ensure ease of doing business for small taxpayers. However, the issue of decentralization of registration continues to pose challenges for service sector taxpayers. Under the erstwhile regime, centralized registration helped the service provider control the entire business operations from a single location. Single registration meant ease in compliance, maintenance of books, invoices and payments. The Government could consider restoring the concept of centralized registration, as this would significantly ease service providers. Further, revenue

would still accrue to the destination State where the recipient is located, depending on the nature of service provided.

• The GST Council, in the near future, may consider moving towards a system of three rates, a moderate standard rate at which most items are taxed, widening of the GST net to include items such as petroleum and real estate, removal of cesses and other levies, and streamlining of compliance procedures, so that supply chains run faster and working capital flows would be smooth.

CII is working closely with the Government to present industry

perspectives on the

implementation of GST


The progressive and reformatory growth trajectory garnered by India in the recent past speaks volumes about its promising economic landscape. One of the fastest growing economies, India, by 2020, is likely

to have the largest population in the working age category - the average Indian will be just 29 years old, compared to 37 in China and the US, 45 in Western Europe, and 48 in Japan. It is also estimated that during the next 20 years, the labor force in the industrial world is expected to decline by 4%, while in India it will increase by 32%.

No wonder India’s demographic dividend has caught the attention of leading countries across the globe. Though it presents a huge opportunity… the challenge lies in our ability to capitalize on this. On one hand, there is a rise in the availability of India’s young manpower, and on the other hand, our domestic industry is facing a shortfall of appropriately trained and skilled workers.

Paradoxical as it may seem, one of the key factors

Jobs and Livelihoods in the New Paradigm

COVER STORY

leading to an ever-increasing gap between talent supply and demand, is the absence of the desired skills aligned to industry requirements.

India can reap the benefits of its young burgeoning population only if its youth is appropriately skilled and made employable. This dilemma has placed ‘skilling to meet the market needs’ at the very heart of India’s socio-economic growth ecosystem – both in terms of policy framework and on-ground initiatives.

At a time when we are still attempting to strike a connect between the available talent, employers, training providers, and policy, the evolution of Industry 4.0 has further intensified the situation.

Emerging ScenariosThe global economic landscape is virtually experiencing a tectonic shift courtesy the digital boom. With Industry 4.0 becoming a reality, business expectations and demands are evolving faster than ever before, and so are the shapes, sizes and nature of enterprises. The

India, owing to its tremendous youth bulge and its yet-evolving skilling ecosystem, is facing a huge jobs and livelihood challenge. While policy-makers are working towards revamping the existing skills ecosystem and revisiting the economic landscape to pace up GDP growth and create more jobs at the same time, industry too, is, in tandem, exploring ways to build capacity and capability across the country’s skillscape, through diverse programs and projects.

With Industry 4.0 becoming a reality, business expectations and demands are evolving faster than ever before, and so are the shapes, sizes and nature of enterprises. Our cover story looks at how Government, industry and organizations are meeting the challenge of generating sustainable and productive income-generating opportunities for the ever-increasing working population.


COVER STORY

Source: CII Report: Future of Jobs in India – Enterprises and Livelihood

emergence of new platforms, processes and tools, changes in consumption patterns, and increased reliance on digital markets, are prompting organizations to revisit their human resource and organizational practices.

As a result, both developed and developing economies are facing the challenge of generating sustainable and productive income generating opportunities for the working population, which, in turn, has made the job of policy-makers more complex.

Domestic DilemmaOwing to its tremendous youth bulge and the feeble skilling ecosystem, India is facing the biggest ‘Jobs and Livelihood Challenge.’ The percentage of jobs generated per unit of the GDP in the country rests at just two-thirds of the global average.

As per the CII Report ‘Future of Jobs in India – Enterprises and Livelihood’, there is a large gap between the numbers of jobs created and jobs required in India. ‘Every year, 10 to 12 million people come of working age. Additionally, 2 to 3 million young people, educated and unemployed workers, look for jobs in the industry and services sectors, and 5 million people leave agriculture to join the non-agriculture sectors. Thus, there exists a total demand of 17 to 20 million jobs per annum,’ reveals the report.

Given this background, Indian policy-makers are not only working towards revamping the existing skills ecosystem but are also revisiting the economic landscape, both to pace up GDP growth, and to create more jobs, at the same time.

Service Sectors as Growth-driversThe CII-BCG Report, ‘India: Growth and Jobs in the New Globalization’, states that the rapid growth of the services trade, coupled with the growing share of services consumption in India, points towards an increasing demand for services.

Qualitative service has evolved as a key differentiator, and businesses are modifying their operating models and moving to greater ‘servitization’ to meet the increase in demand, thus potentially shifting India towards a services-driven economy.

The services sector is likely to make a significant change in the job scenario by pumping more labor-intensive jobs into the market, as compared to manufacturing.

Laying emphasis on the potential future sectors, the report suggests that services like construction and financial services will continue to play a critical role in growth and job creation. ‘Physical infrastructure, especially roads, railroads, ports and airports, will continue to be critical to the country’s development and there is significant potential for continued growth and job creation at the current rates. Under-penetrated services like transport, education, healthcare, tourism, transport and storage have historically had significant


COVER STORY

potential to drive both growth and jobs,' says the report.

Technology for Micro-entrepreneurshipWhile emerging technologies are seen by some as a looming threat, newer digital technologies can facilitate the development of platforms that could catalyze growth and globalization in the current context. As per the CII-BCG Report, the emergence of new-age platforms can make smaller businesses viable. Traditionally, businesses needed to be at a certain scale and invest in a certain set of assets, in order to benefit from lower costs and become profitable. The advantage provided by technology platforms is that they eliminate this need for scale, allowing small businesses to operate profitably by providing a set of services that can be outsourced without large-scale investments.

In addition, these platforms have facilitated the growth of the ‘on-demand’ economy, and are empowering micro-entrepreneurs to participate more fully in the economy, thereby driving growth and job creation. For example, Uber now enlists 2,50,000 drivers across India, many of whom were previously either under-employed due to poor customer access or were unable to find jobs in this sector.

The growth in platforms is leading to a new set of workers who are facilitated by them and in a contractual agreement with them, yet are ‘self-employed’. Digitalization and platforms are hence changing the ‘way of work’, and are enabling individuals to become job creators as opposed to job seekers, states the CII-BCG Report.

‘It is critical to make livelihood generation the core of various skilling initiatives in the country. Apart from creating jobs, we need to lay emphasis on micro and small enterprises, and on creating entrepreneurs who are not just self-sustained but also emerge as livelihood creators. There is a need to work towards multi-skilling in order to build livelihood sustainability.

While the skills ecosystem is training for the ‘Bottom of the Pyramid,’ for India to be a global supplier of skilled manpower, we need to ensure that skilling is done as per international standards and requirements.’

Arun Nanda Chairman, CII National Committee on Skill Development, and

Chairman, Mahindra Holidays & Resorts Ltd

‘Creating the human economy means putting humans front and center. This means first reversing the neoliberal paradigm of suppressing social costs for healthcare, social security, and public goods. Second, it means boosting those jobs which are not prone to automation, and investing in the skillsets needed to work together in human robot teams. Third, it means creating new livelihoods in the

digital economy by providing full capabilities to all to unleash their essential human talents: creativity, innovation, communication, flexibility, experience, learning and social interaction. CII is continuously working on initiatives to foster human skills.’

Biswadip Gupta Chairman, CII Sub-Committee on CSR & Affirmative Action,

Western Region, and Senior Vice President - Corporate Affairs, JSW

‘With more than 10 million youth entering the working age group in the country every year, it is important to attach greater aspirational value as well as respect to vocational skills training and the related job roles in industry. While a few companies have set up world-class vocational skill development centers to train people in modern manufacturing, carpentry, hospitality, electrical, plumbing,

and other trades, much more needs to be done. Both Government and industry must work towards replicating similar models for other trades, and develop nation-wide scale up plans for more such centers. Employers are more likely to offer differentiated wages for skilled, competent and productive manpower, which will attach greater dignity to these job roles in future. Each one of us needs to do our bit so that the demographic dividend does not become a demographic disaster.’

Soumitra BhattacharyaCo-Chairman, CII National Committee on Skill Development,

and Managing Director, Bosch India Ltd

P e r s p e c t i v e s


COVER STORY

‘The biggest challenge that the country faces today is the creation of a large number of jobs. While the Government realizes this challenge and is taking a multi-pronged approach, including job creation by providing a boost to manufacturing activity in the country through initiatives such as Make in India, Start-up India, Stand up India, et al, CII is also fully engaged in addressing this. Many large CII companies, such as Maruti Suzuki, L&T, Bosch, and Tata Group companies, among others, have large scale skilling initiatives; others are building capability via the Apprenticeship Scheme of the Government, and still others have

CSR initiatives in the skilling area. To support new entrepreneurship development, mudra loans have been a successful intervention, which has ensured that new businesses take off. The Government is also taking all possible measures to improve the business environment to ensure that investments happen across sectors which will positively impact job creation. The country jumping 30 places on the Ease of Doing Business scale stands testimony to the fact that the Government is quite serious about job creation and livelihood. There are, no doubt, hurdles, given the scale, but the reforms process needs to continue, to put India firmly on the road to becoming a preferred investment destination.’

Sudhir Kapur Chairman, CII Sub-Committee on Skill Development, Northern Region, and Managing Director & CEO, Country Strategy Business Consultant Pvt Ltd

‘Techno log i ca l advancement , g l o b a l i z a t i o n a n d e c o n o m i c liberalization in recent years have urged Governments in developed and emerging economies to prioritize skill development. India, one of the fastest-growing economies, has

the advantage of its ‘demographic dividend’ and by 2020, in a true sense, will be the youngest nation, with an average working age of 29 years. This youth population needs to be nurtured through appropriate skill development which can foster economic growth and equitable wealth generation, and, as well, cater to global skill shortages.

Industries should play a pivotal and cognizant role in drawing the skill canvas of India by participating in skill development through appropriate techniques and standardized curriculum. This will harness India’s youth population into a global skill force.’

Sandeep Singh Chairman, CII Sub-Committee on Skill Development,

Eastern Region, and Managing Director, Tata Hitachi Construction Machinery Co Pvt Ltd

‘Reports have been suggesting that Industry 4.0 is going to help India a lot in terms of job opportunities and uplifting the manufacturing process. Therefore, the question that arises is not ‘Is Industry 4.0 coming’, but how quickly it is being adapted by

industries. There will be new opportunities created as the Internet of Things takes hold. The great part is that the current job skillsets may just need an upgrade rather than a complete overhaul.

In another perspective, Industry 4.0 isn’t about the destruction of the previous eras. It is adapting previous tools, infrastructure, and skills, to take full advantage of the Internet of Things. Many are frightened about job loss by adopting Industry 4.0. There should not be a fear of what we can lose, instead we should be asking how we can upgrade what we already have, in both staff skill and in manufacturing processes, to make the most of our newly-connected opportunities.’

Dasari Ramakrishna Chairman, CII Sub-Committee on Skill Development,

Southern Region, and Managing Director, Efftronics Systems Service Ltd, Vijayawada


At a time when India has already begun its tryst with development supported by increased Industry participation, CII is working closely with the Government of India and State Governments, both through policy advocacy and on-ground initiatives.

CII has been supporting the Government of India’s initiative of upgrading the Industrial Training Institutes (ITIs) for many years now. The mission is to align the training of the youth to the needs of the employers/industry, thereby ensuring industry-relevant training and gainful employment to the youth.

Extending industry involvement in skilling, Sector Skill Councils have been set up as industry-led bodies working towards the creation of a skill standards for the country. CII has been actively involved in the promotion of multiple Sector Skill Councils as well as the development of the National Skill Qualification Framework.

Some of our key policy interventions include recommendations to the National Skills Policy (2009 and 2015), Upgradation of 1396 Industrial Training Institutes (ITI) Scheme, Amended Apprenticeship Act 2015, and skills-related inputs for Make in India, Digital India, and Ease of Doing Business, etc.

CII impacts over one million youth annually through various on-ground skills initiatives. Thse include:

• 3 multi-skill training hubs

• 22 skill training gurukuls in partnership with Pan-IIT Reach For India (PARFI), designed on a self-sustaining model

• Implementing skill projects through 46 training centers

• 3 model career centers (Gurugram, Mumbai and Chennai) for counseling and placement linkages

• First Third Party Assessment (TPA) Agency for the Government of India

• Training of trainers and assessors

• The CII annual ‘India Skills Report’ maps the skills of youth entering the job market, and industry requirements. Annually, the Report covers 500,000 youth and 200 organizations

• Job Fairs to link the talent pool to industry.

CII took membership of WorldSkills International in 2007 on behalf of the Government of India, and fielded the Indian contingent for the 2007 and 2009 WorldSkills International Competitions. Since 2011, the National Skill Development Corporation (NSDC) has been leading India’s national team for the WorldSkills Competition, with CII supporting the Ministry of Skills Development and Entrepreneurship and NSDC in the selection and training of competitors across 9 skills i.e. beauty and therapy, cabinet making, cooking, confectionery and patisserie, CNC milling, hair dressing, mechatronics, restaurant service, and welding.

Skill Development in India: CII Interventions

COVER STORY


Leveraging and Engaging Skills Ecosystem for Industry

Over the years, the role of industry in shaping the country’s skills

ecosystem has evolved manifold and can be further strengthened through continued engagement. Whether it is supporting the policy framework, building sector skill councils, scaling up of apprentices, or mapping of talent requirements… industry plays an extremely critical role in the success of various skill initiatives. There is a need for further enhancing industry participation, and helping businesses to leverage the skills ecosystem, to enable them to benefit from the skilled and certified talent pool.

The Government has launched several initiatives to boost skill development. Industry too is undertaking initiatives which can lead to learning and replication. The key ministries in the Government driving the skilling ecosystem are the Ministry of Skill Development and Entrepreneurship, and the Ministry of Labor and Employment. Both Ministries are taking progressive steps to support industry to recruit and hire a skilled more productive workforce to enable competitiveness.

To share experiences, promote cross-learning, explore possible areas of future collaboration, and disseminate information on Government schemes and projects for deeper engagement amongst the key stakeholders, CII organized a workshop on ‘Engaging and Leveraging the Skills Ecosystem for Industry’ on 7 December in New Delhi.

The workshop was designed with a special focus on MSMEs, which particularly need support for creating and channelizing a skilled and certified workforce.

V o i c e s

‘At present, sourcing of manpower in the country is asymmetric to the market, leading to a skill gap. A platform must be created where industry and job-seekers can connect in a seamless manner. Labor productivity currently is 1.7% annually. For a GDP growth of 9%, we require a labor productivity of 7.3%. The National Apprenticeship Promotion

Scheme is a redeemer for the skill gap.

Industry must be focused on training manpower in the right manner. In order to support them, Government has launched the Sankalp scheme to strengthen PPP engagement. This will have a skills fund worth $ 75 million to support industry recruitment under apprenticeship, to bring inclusivity, and encourage innovation in the skills ecosystem. The Government of India is supporting industry by creating the Sector Skill Councils (SSCs). Industry, across sectors, needs to engage with the respective SSCs to ensure that the skilled manpower output is as per their requirement.’

Rajesh Agrawal Joint Secretary, Ministry of Skill Development & Entrepreneurship

‘We have designed the National Career Service Portal to support demand aggregation in an attempt to link talent to industry. Till date, the portal has registered almost 8 crore job seekers and 12 lakh job providers. Furthermore, we are linking all post-offices pan-India as one stop for job-seekers to register themselves for employment opportunities.’

Heeralal Samariya Additional Secretary, Ministry of Labor & Employment

‘We can channelize skill initiatives at the State level only if we are able to map the requirements. To enable the collation of information, the Haryana Government has launched the Saksham Cell. The Cell will facilitate collation of skilling information across the State and share it with the Chief Minister’s Office, to support future skilling strategies.’

Sanjiv Sharma Deputy Director, Apprenticeship, Department of Skill

Development and Industrial Training, Haryana

COVER STORY


FOCUS

technology

Three Cabinet-level ministers from Canada led the largest-ever ministerial level delegation to India for the 23rd Technology Summit held on 14-15

November in New Delhi. Canada was the Partner Country at the flagship annual event organized by CII in partnership with the Department of Science and Technology.

The high-level delegation of Government, industry and academia from Canada included Mr François Philippe Champagne, Minister of International Trade; Mr Navdeep Bains, Minister of Innovation, Science & Economic Development, and Mr Marc Garneau, Minister of Transport. More than 50 companies from Canada participated in the conference and expo which showcased the best in technology that the two countries have to offer. The focus sectors of the Technology Summit this year were Advanced Manufacturing, Defence and Aerospace, Intelligent Transport Systems, Life Science and Healthcare, and Clean Technologies.

The Summit was inaugurated by Dr Harsh Vardhan, Minister of Science and Technology, and Earth Sciences, India, and Mr Navdeep Singh Bains. “As partners in the 21st century knowledge economy, this Technology Summit reinforces our common belief in the power of science and technology in contributing to the present and future strategic Indo-Canadian partnership,” said Dr Harsh Vardhan, in his inaugural address.

Building Indo-Canadian Partnership in Science and Technology

Chandrajit Banerjee, Director General, CII; John Knubley, Deputy Minister of Innovation, Science & Economic Development, Canada; Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd; Navdeep Bains, Minister of Innovation,

Science & Economic Development, Canada; Dr Harsh Vardhan, Minister of Science & Technology, and Earth Sciences, India; Prof Ashutosh Sharma, Secretary, DST, India; and Vikram Kirloskar, Chairman, Technology Summit 2017, Chairman, CII Southern Region, and

Vice Chairman, Toyota Kirloskar Motor Pvt Ltd, at the inaugural session of the DST-CII India Canada Technology Summit in New Delhi

Key speakers, including Prof Ashutosh Sharma Secretary, DST; Mr John Knubley, Deputy Minister of Innovation, Science and Economic Development, Canada; Ms Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd; Mr Vikram Kirloskar, Summit Chairman, Chairman,

CII Southern Region, and Vice Chairman, Toyota Kirloskar Motor Pvt Ltd; Dr Arabinda Mitra, Adviser, International Cooperation, DST, and Mr Chandrajit Banerjee, Director General, CII, emphasized the potential for science and technology partnership between India and Canada.

A new call for joint projects under the Indo-Canadian Industrial R&D program was announced on the occasion. Industry-led

joint R&D projects that have significant potential for commercialization leading to product or process development in the areas of advanced manufacturing, clean technologies, smart cities, and food and agro technologies, will be supported by the DST from India, and the National Research Council of Canada.

This year, the Technology Summit had a futuristic flavor, touching on Artificial Intelligence, Industry 4.0, smart machines, and smart care, to name a few. With 108 speakers, 13 sessions, 3 Tech Talks, 500 participants, high quality exhibits, signing of MoUs, more than 250 B2B meetings, and many other features, the Summit was a memorable success.

Y S Chowdary, Minister of State of Science and Technology, and Earth

Sciences, India


• There has never been a better time for India and Canada to collaborate, declared Mr Francois-Philippe Champagne, Minister of International Trade, Canada, during the discussion on ‘Investment Drives Innovation.’

Mr Benoit Daignault, President and CEO, Export Development, Canada, spoke on the need to provide food and water for an increasing population.

Mr Kris Gopalakrishnan, Past President CII, Co-founder, Infosys, and Chairman, Axilor Ventures, called for the development of technological and social infrastructure to address shared global healthcare challenges, including ageing and degenerative diseases.

Mr Sunil Kant Munjal, Past President, CII, and Chairman, Hero Corporate Services Ltd, highlighted the role of innovation in linking rural areas to urban markets. India’s diverse pool of talent must be used as a ‘brain bank’ to create a win-win situation, he said.

Mr Chandrajit Banerjee, Director General, CII, said that innovation can be shaped by public policy. There is a huge role for institutional collaboration to nurture the innovation ecosystem, he added.

• We should look at sideways integration rather than just vertical integration in healthcare. India needs to work on innovation and integration in Smart Care, said Dr Nemy Bhantia, CEO & Scientific Director, IC-Impacts, during the discussion on ‘Smart Care.’ Mr Gordon McCauley, President and CEO, Centre for Drug Research & Development, said entrepreneurship is the key for smart healthcare.

• The ‘Defense and Aerospace’ discussion highlighted that most of the innovation in defense is coming from

small and medium companies, both in India and in Canada.

• On ‘CleanTech,’ Mr Himanshu Sudan, President, eCamion Inc, referred to the known demand for solar rooftop and electric vehicles in both countries, adding that storage has great role in integration of renewables. Dr RB Biniwale, Senior Principal Scientist, CSIR- NEERI, said the challenges in India relate to rejuvenation of water bodies, air pollution, and solid waste management. Mr Arun Bhalla, Executive Director CPP, Dalmia Cement, said India is yet to explore its full potential for hydro energy.

• Ideas are concepts which need a framework. An innovative framework calls for tie-ups between industry and academia to validate concepts, and to make them workable. Ideas can be executed through collaborations with corporations, engaging with universities to get talent, with angel investors to get funds, and with government for a conducive ecosystem. Technology-based innovation is the need of the hour. These were the main discussion points on Smart Ideas.

• ‘Smart People’ was an area that garnered large interest. Panelists talked about the need to create direct linkages with Canadian universities. Indian universities need to increase the skill level of students and to understand the global set-up, for which skill-based education is required. There were discussions on the quality and performance of students in both India and in Canada, as well as the initiatives of the IITs. Discussions on ‘Smart Women’ touched on the areas and sectors which need more participation of women, the need for more women entrepreneurs, and various initiatives for women in the technology sectors.

Highl ights from the Sessions

FOCUS

Kris Gopalakrishnan, Past President CII, Co-founder, Infosys, and Chairman, Axilor

Ventures; Chandrajit Banerjee, and Marc Garneau, Minister of Transport, Canada

François-Philippe Champagne, Miinister of International Trade, Canada; Benoit Daignault, President and CEO, Export Development, Canada; Sunil Kant Munjal, Past President, CII,

and Chairman, Hero Corporate Services Ltd; and Dr Arabinda Mitra, Adviser & Head, International Cooperation (Bilateral), DST


MINDSPACE

india & the world

As the Indian economy continues to evolve, and regulations are getting liberalized, indigenous companies have begun to step up their growth trajectory by increasing their share in global markets through inorganic growth outside India.

Indian manufacturers are devising strategies to become part of global production networks, and expand their reach in overseas markets. Towards this, Indian firms are adopting international best practices, collaborating more with global operators, and building their brands on the planks of quality and reliability.

Outbound investments from India have undergone a considerable change, not only in terms of magnitude but also in terms of geographical spread and sectorial composition. An analysis of the trends in direct investments over the last 10 years reveals that while investment flows, both inward and outward, were rather muted during the early part of the decade, they gained momentum during the latter half.

Indian firms invest overseas primarily through Mergers and Acquisition (M&A) transactions. With rising M&A activity, companies will get direct access to newer and more extensive markets, and better technologies, which would enable them to increase their customer base and achieve global reach.

According to data from fdimarkets.com, between January 2003 and November 2017, Indian companies invested a total of $ 239.54 billion overseas. Of these, the United States and Germany rank among the top five destinations for Indian investment.

India is important to the US geopolitical standing, while the United States is essential to India’s rise as a global power. Through stronger bilateral economic ties, American resources could enhance India’s productivity, expand its technological frontiers, and spur further economic liberalization. Meanwhile, the United States would gain access to India’s vast domestic market, its educated and increasingly skilled workforce, as well as its entrepreneurial and innovative ecosystem, factors that would enable US companies to grow in the region and beyond, thereby enhancing America’s international competitiveness.

Germany has always been a strong participant in the Indian economy, right from the early days when it helped set up the Rourkela steel plant, and IIT Madras. Today, bilateral trade has crossed $20 billion and although the aggregate has come down somewhat in the last two years, Germany is India’s largest trade partner in the EU and an attractive destination for Indian investment. It has been found that Indian companies operating in Germany gain access to high-quality German technology, build innovation capability, and leverage Germany as a gateway to Europe. Germany is the second most attractive destination for Indian companies in the EU, and there is a strong possibility that this can go up further after Brexit.

It is in this backdrop that CII has published two reports highlighting the investment and contribution made by Indian companies in these two key markets: ‘Indian Roots, American Soil,’ and ‘Indian Investments in Germany: Prospects for Shared Prosperity.’ Our Mindspace feature brings you the highlights of these reports, and looks at the growing global spread of the Indian entrepreneurial DNA.

India Inc: Deepening its Global Footprint


MINDSPACE

Indian Roots, American Soil

CII once again helped put the spotlight on the untold story of Indian FDI and job creation in the United States through the release of the

fourth ‘Indian Roots, American Soil’ survey report. The report shows that 100 Indian companies have invested over $17.9 billion in the US and have created over 113,000 jobs.

The report was launched on 14 November in Washington DC, with representatives from over 20 prominent Indian companies with operations across the US, united in a display of their unwavering commitment to the US economy, joined by Congressional legislators across party lines who spoke about the importance of FDI from India in their States and districts as well as the overall importance of the US-India bilateral partnership. Amb Navtej Sarna, Ambassador of India to the US, was also present, as were a cross-section from the US policy, business and government community.

Representing diverse sectors including IT, pharmaceuticals, financial services, and manufacturing, the company representatives (members of the CII-India Business Forum-USA) met and heard 15 members of Congress

Highlights of the Report• The 2017 ‘Indian Roots, American Soil’

survey yielded the largest reported volume of investments as well as the most jobs created, showcasing the success of Indian companies in the US and their increased commitment to its economy.

• In addition to increasing investments and employment, Indian companies are also conducting millions of dollars of R&D and CSR initiatives across the US in their local communities.

who also pitched their own States as future destinations for Indian companies.

Prior to the evening’s reception, members of the CII IBF-USA met with Ambassador Navtej Sarna, at the Embassy of India, Washington DC, to discuss policy challenges for their US operations, as well as to present him with a copy of the report.

US members of Congress, with Mani Iyer, Chairman, CII IBF-USA, and President, Mahindra N America, and Amb Navtej Sarna, Ambassador of India to the US, at the launch of the CII investment and job creation report, ‘Indian Roots, American Soil’ in Washington DC

In its 4th edition this year, the CII report highlights the growing levels of investments, job creation and social contributions of Indian companies across the United States


‘Indian industry and professionals are making significant contributions to the US economy – I am delighted that this is being recognized today. The presence and reach of Indian companies continues to grow each

year as they invest billions of dollars and create jobs across the United States.

The CII study ‘Indian Roots, American Soil’ highlights Indian industry’s ascension as a significant stakeholder in the US economy – this is a critical component of our strong and vibrant bilateral relationship with the US which continues to flourish in strategic terms as well.’

- Navtej Sarna, Ambassador of India to the United States

‘A strong US-India partnership is vital for the 21st century. As the longest serving Indian-American in Congress, I have been proud to help build US-India cooperation. I hope we continue to see the US engaging with Indian businesses.’

- Congressman Ami Bera, California

'Indian companies have invested over $13 million in my State, Florida, and employ nearly 4,000 people. I hope this momentum persists and our relationship with India continues to grow, as companies choose to invest in Florida and in our communities.’

- Congressman Darren Soto, Florida

‘The report not only demonstrates the depth and breadth of Indian companies’ investment in our States–my State, Texas, has benefitted from the second-highest number of jobs created – but also shows how, through R&D and CSR

initiatives, these companies are truly part of the social and economic fabric of the US, and have put down roots and are growing with us.’

- Congresswoman Sheila Jackson Lee, Texas

MINDSPACE

VOICES


MINDSPACE

in Germany. This is borne out by the M&A activity seen over the past six years, noted Mr Chandrajit Banerjee, Director General, CII. In fact, one-fifth of the acquisitions made by Indians were found to be in the automotive supplier sector and one-third in the mechanical engineering sector. Examples include Motherson Sumi and Bharat Forge. Moreover, the planned merger of the steel businesses of Tata Group and ThyssenKrupp has taken Indo-German cooperation to a whole new level.

The study suggests that German companies can benefit from this development, through accelerated integration with the huge Indian market, and access

to the innovative potential of Indian companies as well as to the large pool of Indian professionals. Therefore, Mr Murali Nair of Bertelsmann Stiftung believes, Germany should put more focus on government incentives in innovation, such as tax relief for depreciation, in order to encourage long-term commitment of foreign investors. In addition, every other CEO surveyed found the tax and social security contributions to be critical, and only 17% of the respondents did not regard it as an issue. A stronger

harmonization of taxation and social security contributions in Western Europe would therefore be desirable.

How Indian investment develops in Germany in the future will depend on a number of factors such as Brexit, and regional marketing in Germany. At present, 46% of all Indian investment projects in Europe are made in the UK. Germany comes in second with 17% of these projects. Brexit, however, could reduce this gap,

Approximately 80 Indian companies in Germany generated combined revenues of € 11.4 billion and employed a total workforce of 27,400 in 2016.

This was revealed in a recent study conducted by CII, EY (Ernst & Young), and the Bertelsmann Foundation, based on interviews with leading Indian CEOs.

The study finds that, since 2010, nearly 140 major investment projects by Indian companies have been initiated in Germany. These includes FDI announcements as well as mergers and acquisitions (M & As). Between 2010 and 2016, Germany was the second-largest recipient of Indian FDI in Europe, with 96 projects. The top sectors for investment include automotive, metal and metal processing, chemicals and pharmaceuticals, electrotechnics, manufacture of mach iner y, and professional, technical and scientific services.

The study finds that Indian companies in Germany currently generate nearly 70% of their turnover in the labor-intensive sectors of metals (40%) and automotives (29 %). Important players in these sectors are Tata Steel, Hindalco Industries and Sona Autocomp. The Indian IT industry accounts for a revenue share of 9%.

This trend, however, is witnessing a slow shift. Access to high-tech products and the ‘Made in Germany’ brand are also important factors influencing Indian industry’s decision to invest in German companies.

As many as 80% of the CEOs surveyed for the study stated that access to innovation and technology are important factors that influence their decision to invest

Access to innovation and high technology are key factors for Indian companies investing in Germany, finds a recent CII – EY – Bertelsmann Foundation Study

Indian Investments

in Germany

Prospects for Shared Prosperity

Growing Indian Investment in Germany


MINDSPACE

says Mr Hermann Mühleck, India expert at EY, pointing out that an overwhelming 90% of the surveyed Indian CEOs were of the opinion that Brexit would increase the attractiveness of Germany as an investment location, and enhance the volume and diversity of Indian investments in the country.

To speed up this process, however, the study advises that German promotion agencies, at both the national and the local level, should no longer invite Indian companies with just the classical arguments of good infrastructure and stability. Soft, but quite critical location factors, such as quality of life, internationality and security in German cities, should also be in focus.

As demonstrated from the interview results, Indian companies and their employees in Germany appreciate in particular the high quality of life at an affordable price when compared to other major European cities.

Some highlights:

• An analysis of around 80 leading subsidiaries of Indian companies operating in Germany indicates that four sectors account for 97% of India-related revenues within the country. At 40% of the total, the metals and metal-processing industry is the strongest of these sectors, followed by automotives (29%), chemicals and pharmaceuticals (19%), and professional, science and technical services (9%).

• In the current trend of Indian-led FDI and M&A, sectors such as metals and chemicals hardly play a significant role. Instead, the automotive sector, together with mechanical engineering, and other high-tech fields such as Industry 4.0 or IoT, are playing an increasingly important role in acquisitions and the founding of new firms. These developments are driven largely by the desire of Indian companies to gain access to German technology. Increasingly motivated to access the German market, the traditionally important Indian service industry is strongly represented in new acquisitons and greenfields in both IT services and software. In addition, the pharmaceutical sector remains highly attractive, placing Germany at the top of Indian investors’ shopping lists for funding destinations.

• Indian investors appreciate Germany’s high-quality infrastructure, transparency (low level of corruption), favorable R&D and innovation environment, political stability, and the workforce’s high skill and educational levels.

• A total of 83% of German Mittelstand (small and

medium-sized) companies do not have a succession

plan in place. As of 2015, more than 40% of company

owners in this economic strata were 55 years of

age, or older. Around 9% of companies envisioned

succession taking place within the controlling family,

but 8% or around 290,000 owners, expected external

succession by 2018. This presents a huge potential for

Indian investors.

• Key drivers for Indian investment in Germany include

the desire, to develop new markets, improve company

reputation, gain access to technology, establish proximity

to customers, gain new impetus for innovation, and use

Germany as a gateway to Europe.

• Perceived challenges in Germany include the high

competition intensity, difficulties in the search for

business partners, the high cost of international

activities, the need to adapt products and product

quality, and exchange-rate risks.

• Soft factors such as quality of life, knowledge about

German culture and language, and safety concerns, are

not perceived to be challenges. Especially for Indian

expatriates who have already lived in the United States,

the United Kingdom or other European metropolitan

cities, the high quality of life at affordable prices is, in

fact, seen as a strong positive factor. There is a growing

Indian community in Germany, and it is possible to

communicate in English in large parts of the country.

Finally, German public-safety standards are among the

highest in the world.

• The most important success factors for Indian

investment in Germany were identified as a suitable

go-to-market strategy followed by cooperation with

the right local partners, along with preparation for the

investment through the establishment of appropriate

contacts and by training the investing partner’s own

personnel. In addition, increased in-house research

activity is considered critical. Further success factors

include support by experienced high-quality service

providers for critical tasks such as the search for

acquisition targets and regions, understanding relevant

laws, tariffs and modes of dealing with authorities, the

search for the right partners, and performing market

and competitive analyses.


Indian Entrepreneurship Goes Global

Indian entrepreneurial DNA is taking centerstage on the global map, says Sudhir Sethi

Entrepreneurship has been flourishing in India from time immemorial. India has 48 million small and medium business enterprises as compared to 23

million in the US. According to the National Sample Survey Office, the majority of the Indian workforce is self-employed.

The rapid growth of technology in the past decade has dissolved geographic boundaries for entrepreneurs. Today’s new business has the world as its addressable market as long as it can provide a competitive product or service. This is both an opportunity and a threat – unless one is globally competitive, building a new business is that much more complex.

This environment, coupled with a large tech-educated workforce base, has opened up the global market for the Indian entrepreneur. Indeed, according to a Kauffman Foundation report, 33% of all immigrant-founded companies in the US have Indian co-founders, more than any other minority ethnicity combined. On a separate note, 83% of the workforce in India wants to pursue entrepreneurship, according to a survey by Randstad.

In the technology space, the first wave of Indian entrepreneurs reaching out to global markets began with the services / BPO units of companies such as Infosys and Wipro setting up their base in USA, Europe and other geographies, to cater to their customers there. Gradually, they scaled up to start acquiring companies in these developed markets to expand their service and product offerings, and also expand their client base inorganically. Next, companies started building software products in India for cost arbitrage and selling them to global clients. Some successful companies in this bracket include Manthan Systems, and Fintellix [acquired by Verisk Analytics (NASDAQ:VRSK)], among others. Then, there are companies like Newgen Software, which have evolved their businesses from service offerings to highly differentiated products, with a growing base of customers in USA, Europe and the Middle East.

Today, a new breed of entrepreneurs is building deep

tech solutions that are global market-first. The typical journey of this new tribe is to set up a company in India, build the first version of the product and test the product-market fit in the US (through online and inside sales), expand the prototype testing to a sample Indian customer base, raise funds to set up a base in the US, move the CEO to the US to set up the product design and sales organization, and thence, scale up rapidly. Witness the recent successes of companies like AppDynamics, founded by Jyoti Bansal, acquired by Cisco for $3.7 billion, and Nutanix, founded by Dheeraj Pandey, which went public in under seven years from founding.

Then, there are up and coming impressive businesses like Unbxd, which provides e-commerce site search and product discovery solutions, coming as a boon to the brick and mortar retailers in the USA that are facing the heat of Amazon and are entering the online space.

Active.ai, a fin-tech start-up providing chatbot capabilities to enable conversational banking for large banks, is already creating dents in the global market. So are many others, like Cloudcherry in customer experience management, and Hevo in data pipe creation across applications, to name just a couple.

While entrepreneurs now have an evolving venture capital ecosystem in India to support the initial start- up phase, large pools of global capital are also waking up to the availability of such unique and differentiated assets. The results are already there to see, at least for US companies with Indian co-founders. Since 2012, more than 25 Indian-founded companies in the US have seen M&As worth over $500 million, and multiple others have seen IPOs. The Indian entrepreneurial DNA is taking centerstage on the global map.

MINDSPACE

Sudhir Sethi is Founder & Chairman, IDG Ventures India Advisors. The views expressed are personal.


BOARDROOM

corporate governance

Adoption of the highest standards of corporate governance is imperative for India to reach the global position it aspires for, said Mr Injeti

Srinivas, Secretary, Ministry of Corporate Affairs, at the 12th Corporate Governance Summit in Mumbai on 11 November. It is vital for companies to ensure sustainable socially responsible behavior and internalize governance principles, he said.

Sending out positive signals of harmonious regulation, Mr Srinivas said the Ministry of Corporate Affairs and SEBI are working towards a common goal of zero tolerance towards unethical behavior and non-compliance. Corporate governance cannot happen in isolation by the Board or the Regulator. There is no one-size-fits-all, he said, cautioning that companies must follow governance standards, or face the consequences.

Mr Uday Kotak, Vice President, CII, Executive Vice-Chairman and MD, Kotak Mahindra Bank Ltd, and Chairman, SEBI Committee on Corporate Governance, charted the fundamental principles driving the Committee recommendations. He highlighted seven principles: fairness to shareholders; commitment of the Board members towards long term strategy and vision rather than short term quarterly pressures; sharpening of roles between stakeholders; role of fiduciary agencies; ease of doing business; stewardship code for institutional investors; and Public Sector Undertaking (PSU) governance.

Mr Kotak explained the need for enforcing the trusteeship model of governance, whether it is the promoter, the board,

Good Governance is Good for Business

or shareholder, to ensure that each stakeholder gets his or her fair share. He highlighted the role of individual directors, auditors, and rating agencies in protecting the stakeholders. Cautioning against the trend of managements and boards being disproportionately focused on quarter to quarter growth, he stressed the need for a long term approach.

Today, most Indian companies are aware that robust governance has a premium, and that commitment to good governance gives them a distinct competitive advantage along with enhanced reputation and investor trust. Conversely, if their policies and practices fail to meet high ethical standards, they will be exposed to serious reputational risks and business failure, said Mr Keki Mistry, Chairman, CII National Council on Corporate Governance, and Vice Chairman and CEO, HDFC Ltd. He charted recent global trends in corporate governance, including increasing expectation around the overseeing role of the board, which includes overall strategy planning, investor engagement, and executive succession planning. He said there is now focus on

P R Ramesh, Chairman, Deloitte India; Chandrajit Banerjee, Director General, CII; Injeti Srinivas, Secretary, Ministry of Corporate Affairs; Uday Kotak, Vice President, CII, Executive Vice-Chairman &

MD, Kotak Mahindra Bank Ltd, and Chairman, SEBI Committee on Corporate Governance; Keki Mistry, Chairman, CII National Council on Corporate Governance, and Vice Chairman and CEO, HDFC Ltd; and

Ramesh Ramanathan, Manager, South Asia, International Finance Corporation, at the National Corporate Governance Summit in Mumbai


BOARDROOM

the composition of the board with particular attention being paid to directors’ skill profiles, diversity, and the making of robust mechanisms that go beyond the box ticking exercise. Boards are increasingly expected to play a more proactive role in risk management, particularly cyber security risks, and markets are giving greater weightage to companies that provide sustained value creation with greater focus on environmental, social and governance issues, he said.

Delivering the Multilateral Partner outlook, Mr Ramesh Ramanathan, Manager-South Asia, International Finance Corporation (IFC), said that India’s improved rankings in the World Bank Ease of Doing Business Report demonstrate the continued implementation of good corporate governance practices. IFC believes that the SEBI’s recent corporate governance committee recommendations and the IFC-BSE scorecard launched in December 2016 will help India strengthen its governance standards and become more attractive to investors, he said.

Mr P R Ramesh, Chairman, Deloitte India, said regulators are responding to the governance evolution by imposing global standards of corporate governance on established corporates, with a plausible fast-tracked extension to

regulate start-up businesses. Institutional investors, he said, would continue to push for more uniform standards of corporate governance globally, while increasing their expectations of the responsibility of the boards in representing shareholders. The movement for companies and investors to adopt a more long-term orientation has gained momentum, with several large institutional investors now pressuring boards to demonstrate their active involvement in guiding a company’s strategy for long-term value creation, he said.

Earlier, delivering the welcome remarks, Mr Chandrajit Banerjee, Director General, CII, called for continuing sustained efforts to create a facilitative streamlined and harmonized regulatory environment that promotes voluntary adoption of best practices and self-regulation by corporates without warranting additional regulations.

Various sessions deliberated upon the role of high performance boards in building sustainable ethical organizations, the relationship between governance and management action translating into good performance, governance in start-ups, distressed companies, MSMEs, and accounting, auditing, and risk management practices, with a focus on cyber-security.

A Journal of Confederation of Indian Industry

For more details, Please contact: Ms Sarita Sawhny, Confederation of Indian Industry249-F, Sector 18, Udyog Vihar, Phase IV, Gurgaon-122 015 (Haryana), India, Tel: 91-124-4013866 / 4014060-67 • Email: [email protected]

The Coverage Business News Economic Policy Update Sectoral Synergies International Reportage IPR & Technology Development Initiatives, and more…

The Facts

Print run of over 9,000 copies and readership of over 50,000

Monthly Newsletter of top management of 8081 companies

Read by CII Members, Thought Leaders, Diplomats, Bureaucrats and other decision makers

Full Page Left hand charges per release: ` 15,000/ US $ 450Right hand charges per release ` 20,000/ US $ 575Half Page Charge per Release ` 8000Double Spread Charge per release ` 35,000 / US$ 1000

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South Asia Gas Enterprise (Siddho Mal Group)A-6, Connaught Place, New Delhi-110001Ph: +91-11-23324245 / 43581237E-mail: www.sage-india.com

[email protected]

Undersea Natural Gas Pipeline from Iran/Oman to India

AfganistanAfganistan

Iran Landfall PointKuh-e-Mobarak

Ra's Al Jifan

Gujarat Landfall PointSohar Port

Gas Pipelines are more competitive than LNG upto a distance of 2500/3000 kms, due to high cost of gas liquefaction/transportation/re-gasification ( 5-6 USD / mmbtu).

In India’s quest for Energy Security, through a New Route, , a Global Consortium, is developing a $4.5 Billion world's deepest Common Carrier Natural Gas Pipeline, directly from Iran to Gujarat coast in India, through the Arabian Sea. ( A route via Oman is also being explored in order to meet Oman’s needs for Iranian gas through this pipeline).

SAGE

Fuelling India's 'Make in India' plans and Gas based Economy vision by this path-breaking infrastructure Project, for higher economic growth.

Meeting needs of Power/Fertilizer Industry for affordably priced gas, while moving to a low carbon economy, after Paris Climate Change Deal.

Alternative & safer route to bring/swap Turkmenistan/Russian & other region's Gas to India Gujarat coast.

Annual saving of USD one billion approx. ( Rs.6000/7000 Cr. ) in comparison with similar quantity LNG import.

Gas Qty: 31.1 mmscmd under a 20/25 years Long-Term Gas Supply Contract with Iran. Pipeline tariff: USD 2.5 per mmbtu range.

DNV-GL, Norway / Engineers India Ltd. (EIL) / SBI Capital Markets Ltd. confirmed Project Feasibility.


At the CII Directors Guild Platinum Certification Program in Bengaluru

1. Arun M Kumar, Chairman & CEO, KPMG in India; B Muthuraman, Past President, CII, and Former Vice Chairman, Tata Steel Ltd, and R Mukundan, Chairman, CII Directors Guild, and MD, Tata Chemicals Ltd

2. Vinita Bali, Strategy Advisor & Independent Director, and former MD & CEO, Britannia Industries Ltd, and Kris Gopalakrishnan, Past President, CII, Co-Founder, Infosys, and Chairman, Axilor Ventures

3. M V Subbiah, Past President, AIEI (now CII) and Managing Trustee, AMM Foundation, and Ajay Nanavati, Co-Chair, CII Directors Guild, and Chairman, Syndicate Bank

BOARDROOM

CII DIRECTORS GUILD PLATINUM CERTIFICATION PROGRAM

Building Boards that Lead

The CII Directors Guild, after its successful ‘Gold’ program for aspiring and recently-appointed directors in March 2017,

organized the second level ‘Platinum’ certification program for experienced board members and senior management. The Directors Guild initiative focusses on building a network of expertise in corporate governance to address board challenges and facilitate peer-to-peer experience sharing and learning from thought leaders. The CII Directors Guild is chaired by Mr R Mukundan, MD, Tata Chemicals Ltd, and co-chaired by Mr Ajay Nanavati, Chairman, Syndicate Bank.

Current global events have reinforced the growing complexity and increasing shareholder activism in an inter-connected world. This, combined with the continuously evolving regulatory environment, is transforming the role and expectations of boards and independent directors. As a result, it is becoming essential to have formal continuous learning platforms to educate new directors and potential senior management teams about fiduciary responsibilities and corporate governance. As Indian industry continues to grow across boundaries, it will need a larger pool of director-level leadership talent. These challenges are even greater in medium-sized companies wanting to professionalize and scale up.

The CII Directors Guild Platinum Program, in a closed door session on 8 and 9 November in Bengaluru, provided a platform for experience-sharing, learning and deliberations on some key issues facing current boards, including their evolving role, responsibilities and dynamics, expectations from stakeholders, influence on corporate culture, role in crisis, executive compensation and succession planning, et al.

The distinguished panel of faculty included Mr B Muthuraman, Past President, CII, and Former Vice Chairman, Tata Steel Ltd • Mr Kris Gopalakrishnan, Past President, CII, Co-Founder, Infosys, and Chairman, Axilor Ventures • Mr M V Subbiah, Past President, AIEI (now CII), and Managing Trustee, AMM Foundation • Mr Suresh Narayanan, CMD, Nestle India • Mr Soumitra Bhattacharya, MD, Bosch Ltd, and Regional President, Bosch Group India • Mr K K Natarajan, Chairman, MindTree • Mr Arun Kumar, Chairman & CEO, KPMG in India • Ms Vinita Bali, Strategy Advisor and Independent Director • Mr BP Biddappa, Executive Director-HR, Hindustan Unilever Ltd • Mr Bijou Kurien, Board Member, L Catterton Asia • Mr Sandeep Chaudhury, CEO - India, Aon Hewitt Consulting • Mr Harish HV, Partner, Grant Thornton India LLP • Mr. Venkatesh Valluri, CMD, Valluri Technology Accelerators & Valluri Change Foundation, and Mr A P Parigi, Senior Advisor-Education, Yash Raj Films, among others.

The next Gold level certification program will be organized on 16-17 February 2018 in Pune. For more details please contact Greeta Varughese, Executive Director, CII, at [email protected] or Radhika Dhall, Consultant, [email protected] / 080-42044097

The program was attended by CEOs and directors of 25 companies from various sectors from all over India.

1

2

3


SectorScape

Defence Production

Boosting the Domestic Defence Industry

Integrated HQ of Ministry of Defence (Army), said that up to 78% of the MGO budget goes to the ordnance factories (OFs), and thus, it is imperative for Indian industry to partner with the OFB. The Indian Army, he said, is planning to operationalize GOCO (Government Owned, Contractor Operated) for the procurement and maintenance of equipment, which will open a window of opportunity to the tune of `8000-9000 crores. He called on Indian vendors to develop capability for new age technologies, and move towards BIS standards.

Mr S C Bajpai, Director General, Ordnance Factories, and Chairman, Ordnance Factory Board, in his special address, shared several examples where Indian industry has come forward to indigenize products that were being imported, and has provided them at a much cheaper cost. He urged industry to continue with R&D, and to raise any issues of concern.

To showcase the opportunities for industry, the OFB and CII released a compendium of items for indigenization/out-sourcing by OFs as a reference document for companies, especially new entrants and SMEs, to prepare their business plans.

Baba N Kalyani, Chairman, CII National Committee on Defence, and CMD,Bharat Forge Ltd; S C Bajpai, Director General, Ordnance

Factories, and Chairman, Ordnance Factory Board; Lt Gen R R Nimbhorkar, UYSM, AVSM, SM**, VSM, Master

General of Ordnance, Integrated HQ of Ministry of Defence (Army); and Aditya Vij, Group President, Punj Lloyd Ltd, inaugurating the

exposition on ‘OFB-Industry Partnership,’ in New Delhi

CII, in association with the Ordnance Factory Board (OFB), organized a seminar and exposition on ‘OFB-Industry Partnership for Vendor Development and Outsourcing by Ordnance Factories’ on 13-14 November in New Delhi.

In his keynote address, Lt Gen R R Nimbhorkar, UYSM, AVSM, SM**, VSM, Master General of Ordnance,

Key Takeaways

• While larger projects may take a few years to fructify, domestic industry needs to look at low-hanging fruit, such as import substitution of components, sub-assemblies, and sub-systems, and help the Ordnance Factory Board (OFB) develop vendors for outsourcing

• The Ordnance Factories (OFs) should work as Centers of Excellence for military technology, fully supported by the private sector

• Capacity creation of Indian companies must match OFB requirements

• Partnership with the private sector could be prioritized by the OFs in the areas of maintenance and services, material handling, calibration of instruments, and assembly/sub-assembly of systems.

Mines & MineralsExploring the Un-exploredCII, in association with World Mining Congress, organized a Mining Summit with the theme of ‘Exploring the Un-explored: Powering India’s Growth through Minerals’ on 6 November in New Delhi, to examine the opportunities for mining exploration in India.

The Government is working on an appropriate framework for the mineral asset auction process and for giving impetus to the private sector in mineral exploration, said Mr Arun Kumar, Secretary, Mines, in his keynote address. There is a notable turnaround in the mining sector with the mineral auction scenario set to reach a 10% growth and fetch at least `1 lakh crores by the end of the current fiscal year, he said, adding that the new National Mineral Exploration Policy (NMEP) would enhance the growth rate.


SECTORSCAPE

There is enough material available and therefore there is no rationale for price controls, felt Mr N K Singh, Joint Secretary, Mines. As far as major minerals are concerned, India is a net exporting country and shall continue in this regard. Practicing transparency should be the key, he felt.

Mr S K Chowdhary, Vice Chairman - South East Asia Centre, World Mining Congress, and former Chairman, Coal India Ltd, highlighted the need for strengthening drilling mechanisms, to expedite the pace of discovery of minerals.

Mr Sunil Duggal, Co-Chairman, CII National Committee on Mining, and CEO, Hindustan Zinc Ltd, reiterated industry’s expectations to promote exploration and optimize natural resources, with the right balance between infrastructure and technology. With the Government revisiting the National Mineral Policy and promoting off-shore exploration, India can look beyond the slow growth rate in mining to more empowerment by 2030, he felt.

Opportunities in Adventure TourismAdventure Tourism is resilient, supports local economies, attracts high value customers and encourages sustainable practices. To highlight the opportunities and develop focused plans for this segment, CII, with the support of the Ministry of Tourism, organized the National Seminar on Adventure Tourism on 28 November in New Delhi. With Madhya Pradesh as the Partner State, and Adventure Tour Operators Association of India’ (ATOAI) as the Knowledge Partner, the seminar was joined by senior functionaries and decision-makers from Central and State Governments, regulatory bodies, international tourism boards, and other stakeholders.

India holds huge potential for coastal tourism, said Mr Arun Kumar Mehta, Additional Secretary, Ministry of Environment, Forest and Climate Change. The Government is open to reviewing the regulatory framework, including the Coastal Regulation Zone, without diluting the spirit of sustainable environment, he said, urging the tourism industry to flag any issues hampering the growth of tourism in the country. He cited the relaxation given by the Ministry to beach shacks in Goa as an instance of tourism-friendly regulations.

Inaugurating the seminar, Mr Satyajeet Rajan, Director-General, Tourism, Ministry of Tourism, said adventure tourism is one of the fastest-growing segments of tourism globally because the aspirational GenZ now looks for opportunities beyond simple leisure. The stakeholders need to evolve the right standards and safety guidelines for adventure tourism, he said, pointing out that a vast majority of adventure tour operators in India are in the unorganized segment, and need to be brought into the organized fold.

Adventure Tourism creates employment in remote and under developed regions through local communities, said Mr Dipak Haksar, Chairman, CII National Committee on Tourism and Hospitality, and Chief Executive, ITC Hotels & WelcomHotels. It showcases the diversity of India and provides an immersive experience to the tourist, both from India and abroad, he said.

Case studies demonstrating international best practices in adventure tourism were presented from South Africa, Peru, and Thailand.

V Thangapandian, Director (Power), NLC India Ltd; SK Chowdhary, Vice Chairman - South East Asia Centre, World Mining Congress, and Former Chairman, Coal India

Ltd, Arun Kumar, Secretary (Mines), Ministry of Mines; and Sunil Duggal, Co-Chairman, CII National Committee on

Mining, and CEO, Hindustan Zinc Ltd, at the Mining Summit 2017 in New Delhi

Jorge Juan Castaneda Mendez, Ambassador of Peru to India; Swadesh Kumar, President, ATOAI, and MD, Shikhar Travels India Pvt Ltd; Dipak Haksar, Chairman, CII National

Committee on Tourism & Hospitality, and Chief Executive, ITC Hotels & WelcomHotels; Satyajeet Rajan, Director-General, Tourism, Ministry of Tourism; Arun Kumar Mehta,

Additional Secretary, Ministry of Environment, Forest and Climate Change, and Arjun Sharma, Co-Chairman, CII National Committee on Tourism & Hospitality, and MD,

Select Group, at the Seminar on Adventure Tourism in New Delhi

Tourism


Portfolio for Excellence

Quality Evolution through Innovation

R Mukundan, Chairman, CII Institute of Quality, and MD, Tata Chemicals Ltd; Priyank M Kharge, Minister of IT, Biotechnology & Tourism, Karnataka;

Shin Taguchi, Chief Technical Officer, ASI Consulting Group; David Rasquinha, MD, EXIM Bank of India; and T T Ashok, MD, Taylor Rubber Pvt. Ltd,

at the 25th National Quality Summit in Bengaluru

Quality

CII’s National Quality Summit, in its silver jubilee this year, was held on 25-26 November with the theme ‘Quality Evolution - Journey through Innovation’ in Bengaluru. Over 600 delegates attended the Summit, which was addressed by over 40 national and international speakers.

“The quality movement has been the cornerstone of the competitiveness of India’s economy. Businesses, both services as well as manufacturing, must benchmark their quality performance with the best in the world and serve both domestic and global markets exceedingly well,” said Mr Suresh Prabhu, Minister of Commerce and Industry, in a video-recorded speech screened at the inaugural session.

Highlighting the key role of skill development in promoting quality and innovation in his inaugural address, Mr Priyank M Kharge, Minister of IT, Biotechnology and Tourism, Karnataka, said the State is investing heavily in skill development in emerging technologies such as machine learning, artificial intelligence, big data, cyber security, animation, and block chain, which would become mainstream in the next ten years. “The Government will fund the training of 1.1 lakh

students and professionals who will be certified by industry," he said. Governments need to be innovative in allocating resources, he said, pointing out that the Karnataka Government has successfully equipped over 130 studios which have developed Intellectual Property-based animation films for major broadcasting agencies, including BBC. This was possible with an investment

of just `2 crores, he said.

Karnataka, said Mr Kharge, offers a supportive eco-system for entrepreneurs and the knowledge culture, built over 30 years. The State funds one start-up every two days, he announced, and is likely to become the first State in India to have all gram panchayats covered by wi-fi network by March 2018.

Mr Shin Taguchi, Chief Technical Officer, ASI Consulting Group, and an internationally-recognized quality practitioner, underlined the importance of the ‘voice of the customer’ and robust design, in his keynote address. Quality is the best

strategy for cost reduction, he said.

The lack of a quality culture is a non-tariff trade barrier for Indian companies, opined Mr David Rasquinha, MD, EXIM Bank of India, in his special address, stressing that in today’s increasingly competitive environment, quality is the only way to gain market share. “Exporters should invest not just in brands but also in the quality of products and production processes to move up the value chain,” he said.

With the emergence of Industry 4.0, technology must be harnessed for improving quality, observed Mr R Mukundan, Chairman, CII Institute of Quality, and MD,Tata Chemicals Ltd. Developments like data-driven quality, self-organizing productivity, robot-assisted productivity, and predictive maintenance would help organizations improve quality, he said, urging the public sector, healthcare, education and other services to embrace quality practices to excel.

The celebrations included a special panel discussion on Women– Leading the Global Quality Challenge, and a Masterclass on Robust Quality Engineering conducted by Mr Shin Taguchi.


CII-EXIM AwardsGodrej Interio Division, Godrej & Boyce Mfg Co Ltd, became the 10th winner of the coveted CII EXIM Bank Award for Business Excellence for the year 2017. The Awards, presented during the 25th Quality Summit, were instituted in 1994 by CII and EXIM Bank, and are the highest level of national recognition that an organization can receive for performance excellence.

Godrej Appliance Division, Godrej & Boyce Mfg. Co. Ltd and Raychem RPG (P) Ltd were presented with the CII EXIM Bank Prize for Business Excellence 2017. Other award winners in different categories were:

Business Excellence Star Recognitions 2017 – recognizing companies for excellence in customer management, operations management, and people management.

Leaders: Tata Sponge Iron Ltd; NTPC Ltd, Ramagundam Super Thermal Power Station; Motors & Generators Unit, ABB India Ltd, Vadodara; and Pricol Ltd, Plant-2, IMT Manesar.

Emerging Leaders: National Aluminium Company Ltd, Smelter Unit; Mathura Refinery, Indian Oil Corp Ltd; L&T -Sargent & Lundy Ltd; Kewaunee Scientific Corporation India Pvt Ltd; Kancor Ingredients Ltd; J.K.Fenner (India) Ltd, Hyderabad Plant; JK Fenner (India) Ltd, Madurai Plant, and Gujarat Borosil Ltd.

SMB Star Icon Performance Excellence Recognition-2017

Sustained Performance Excellence: Yashoda Super Speciality Hospital; Brickwork India Pvt Ltd, and Gearock Forge Private Ltd.

Significant Progress in Performance Excellence: ASE Structure Design Pvt Ltd; Synergy Cargo Management India Pvt Ltd; Orion Edutech Pvt Ltd; Coretec Engineering India Pvt Ltd (A subsidiary of Yuken India Ltd); Fitwel Tools and Forgings Pvt Ltd; Nirmal Ashram Eye Institute, and Apollo Speciality Hospitals-OMR.

Team from the Interio Division of Godrej and Boyce Manufacturing Company Ltd receiving the CII EXIM Bank Award for Business Excellence for 2017

Presentation of the IGBC ‘Gold’ Certification and plaque to the CII Institute of Quality during the 25th Silver Jubilee National Quality

Summit celebrations in Bengaluru

‘Gold’ Certification for CII IQ Building

The CII Institute of Quality, which was originally conceived as a ‘green’ building in its formative years before such standards existed, recalibrated itself to meet the formal requirements to be awarded the ‘Gold’ level of certification under the IGBC Green Existing Buildings rating system. The award was presented during the 25th

Silver Jubilee National Quality Summit in Bengaluru.

Some of the latest key green features implemented in the building include:

• 55 % energy savings with an Energy Performance Index (EPI) of 29 kWh /m2 / year

• Installation of wind towers for natural cooling

• 100% roof area painted with high reflective paints, for reduction of heat island effect

• 75% water savings by retrofitting water efficient fixtures

• 100% rain water capture from roof and non-roof areas and reuse for landscaping applications

• Provision of special facilities for the differently-abled, such as toilets, ramps, reserved parking and signages

• Plantation of native and adaptive species.

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The CII Institute of Quality Bengaluru, sponsored by ABB Ltd, is spread over 4 scenic acres in the western outskirts of Bengaluru. A modern piece of eye-catching architecture blending into the hilly terrain in which it is located, the building, from its inception, was designed to be eco-friendly, using green energy-saving technologies with minimum impact on the environment.


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For more information on the CII Institute of Quality, please contact:

Quality Summit, Awards, and Excellence practices: [email protected] and [email protected]

TPM Club India: [email protected]

South Africa Delegation Visits India

South African delegates at the CII Institute of Quality, Bengaluru

The Automotive Industry Development Centre (AIDC) South Africa developed a manufacturing competitiveness program in partnership with CII and the United Nations Industrial Development Organization (UNIDO) in 2002 for South African automotive suppliers. Named ‘Tirisano,’ the program has since been one of AIDC’s key initiatives for supplier development, and has been implemented in more than 120 South African automotive suppliers.

As part of the program, the CII Institute of Quality - TPM Club India organized an exclusive Best Manufacturing Practices Mission for an AIDC-South Africa delegation to India from 6 -10 November in Bengaluru and Chennai. The delegates visited seven major manufacturing companies: Toyota Kirloskar Motor Pvt Ltd, Bosch Ltd, Volvo Construction Equipment Ltd, TVS Motor Pvt Ltd, Sundaram Clayton Ltd, Wheels India Pvt Ltd, and Brakes India Ltd (Foundry Division), and attended an exclusive session on TPM Awareness and other major services of the CII Institute of Quality, in Bengaluru. The visit gave them first-hand experience of India’s manufacturing improvement programs and showcased the best manufacturing practicing methodologies at these companies. They also gained awareness on how Lean, the Toyota Production System, the Volvo Production System, the Bosch Production System, and TQM, etc help an organization achieve excellence.

Altogether, the mission was fruitful and the delegation is keen to work with the TPM Club India to implement TPM practices in their companies in South Africa.

Green Business

Waste Management Summit 2017The 8th edition of the Waste Management Summit, held on 23-24 November in Bengaluru, examined emerging opportunities in the waste management sector, through the c i r c u l a r e c o n o m y approach, and shared best practices, case studies and success stories by companies. Coinciding with the Summit, CII also organized a Conference on Alternate Fuel and Raw Materials.

The GreenCo rating was awarded to seven organizations for their exemplary leadership in adopting and promoting best practices on energy and environmental management: ACC Ltd, Kymore Cement Works; Carriage Repair Workshop, South Western Railway, Hubballi; Diesel Loco Modernization Works, Patiala; Kharagpur Workshop, South Eastern Railway; Rialto Enterprises Pvt Ltd, Chennai; Titan Company Ltd, Hosur, Watch Division; and Wagon Workshop, South Central Railway, Rayanpadu.

India-Sweden Innovations’ Accelerator ProgramThe CII Godrej Green Business Center, in partnership with the Swedish Energy Agency, and Business Sweden - The Swedish Trade and Invest Council, has developed the Innovations Accelerator - Indo-Swedish Innovation Platform. The platform facilitates the transfer of innovative clean technologies and solutions from Sweden to India and provides a bridge for commercial Swedish - Indian innovation cooperation. In the last three years, the program has facilitated interaction between

At the Waste Management Summit 2017 in Bengaluru

Workshop on innovative clean technologies with a visiting Swedish delegation in Hyderabad


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more than 45 innovative Swedish companies and 300 Indian companies through workshops and B2B meetings.

Taking forward this initiative, GBC organized workshops on innovative clean technologies and B2B meetings with a visiting Swedish delegation in Hyderabad and Pune on 22 and 28 November respectively.

Indian Green Building Council at ManilaThe CII Indian Green Building Council (IGBC) was represented at the 2017 Philippine Green Building Council National Convention and the WorldGBC’s – Asia Pacific Network (APN) meeting held from 17-21 November in Manila. The representation offered an opportunity to share and learn some of the best practices on green buildings and built environment.

Workshop on RECP Financing

CII, in partnership with UNIDO and Ernst & Young (E&Y), organized a 3-day workshop on RECP (Resource Efficiency and Cleaner Production) initiatives on 16-18 November in Hyderabad.

The RECP initiatives for MSMEs broadly relate to water, energy, raw material and waste management, and renewable energy substitution. The workshop aimed at building capacity and promoting innovative financing options to facilitate RECP investments.

Visit of Mr Sonam WangchukOn 29 November, Mr Sonam Wangchuk, innovator and education reformist, visited the CII Godrej Green Business Center in Hyderabad. The visit was marked by a briefing of GBC’s activities and initiatives, a green building tour, and the planting of a sapling in the campus.

Delegates at the Workshop on RECP Financing in Hyderabad


Leadership

CII National HR Conclave Today’s dynamic business environment calls for agile Human Resources (HR) processes to actively bui ld organizat ional e c o s y s t e m s a n d networks that facilitate newer ways of working, draw and retain talent, meet changing employee expectations, and use predictive capabilities.

To help organizations metamorphose their HR function into a strategic business value creation partner, the CII Suresh Neotia Centre of Excellence for Leadership organized the CII National HR Conclave on 31 October and 1 November in Mumbai, with the theme, ‘C0-creating HR Next.’

The Conclave focused on:

• Business cyclicality and people growth – a perspective from CEOs

• Global HR leadership – challenges and needs for future readiness

• Addressing new age talent aspirations amid changing employer expectations, to drive a co-existing sustainable people model

• Digital HR – integrating tech into the DNA of HR

• Human capital risk management.

TV Narendran, Chairman CII National Committee on Leadership

& HR, and MD, Tata Steel Ltd; B Santhanam, President and MD - Flat Glass South Asia, Egypt and Malaysia, Saint-Gobain Glass, at the CII National HR Conclave in

Kolkata

B Y T E S

‘Organizations across the world are facing issues such as persistent global uncertainty, rapid pace of business change, tremendous pressure to perform while optimizing costs, talent scarcity and skills mismatch, an open talent economy, the emergence of new business models, generational shift in work cultures and the changing paradigms of good leadership. In this changing scenario, the HR function is being called upon to enable profound transformation in an organization and deliver significant and sustained value.’

TV Narendran Chairman, CII National Committee on Leadership &

HR, and MD, Tata Steel Ltd

‘Today HR is a ‘strategic business partner’ and needs to be aligned with business strategy, demonstrating the value it adds to the delivery of business objectives. The changing agenda of a ‘future-ready’ HR function is primarily based on the foundation of evidence–based people management. Technological change has become all-pervasive, posing a challenge for organizations to unlearn legacy systems and equip themselves to radically evolve to meet the changing needs.’

Ashank Desai Co-Chairman, CII National Committee on Leadership & HR, and Founder & Executive Chairman, Mastek Ltd.

Panel discussion during the CII National HR Conclave

Travel EastThe 6th edition of Travel East, with the focus on ‘Transformational Leadership in Tourism Development’ was organized by the CII Suresh Neotia Center of Excellence for Leadership, in association with the World Travel & Tourism Council (India Initiative) on 23 November

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i n K o l k a t a . T h e conference inv i ted key stakeholders to highlight the emerging o p p o r tu n i t i e s a n d contemporary trends, and address the critical barriers to sustainable growth in the tourism industry, by sharing case studies, knowledge and success stories.

The key elements of the conference were:

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Manish Jain, Secretary, Tourism, and Planning, Statistics and Program

Implementation, West Bengal; Aloke Mukherjea, Senior Adviser, Ernst & Young, and Fahod Arziev, Ambassador of Uzbekistan to India, at Travel East,

in Kolkata

• Facilitating access to the West and Far East

• Creating unique travel experiences by developing SAARC tourist circuits

• Development of destinations and tourism circuits

• Current perspectives and emerging trends in travel hospitality and aviation

Besides a number of industry and Government leaders, diplomats, including Mr Masayuki Taga, Consul General of Japan, Mr Fahod Arziev, Ambassador of Uzbekistan to India, and Mr Eknarayan Aryal, Consul General of Nepal, also addressed the gathering.

B Y T E S

‘Public funding in the tourism sector has gone up from `35 crores to `400 crores in West Bengal under the current State Government, thereby presenting a huge development opportunity. The increase in public funding has led to a 20% growth in tourist numbers to the State. West Bengal has one of the best hotel occupancy rates in the country: Kolkata itself has 3000 high end hotel rooms with a phenomenal occupancy rate of 70%.’

Manish Jain Secretary, Tourism, and Planning, Statistics and

Program Implementation, West Bengal

‘India is the 6th largest contributor to the USA’s international traveler population. To popularize the country among Indian tourists, a New York city-themed Durga Puja Pandal was created this year in Kolkata, which attracted great footfalls.’

Jonathan Ward Principal Commercial Officer, Consulate General

of the United States


Building Capacity

Connecting Start-ups and Corporates

Aayog, presented various entrepreneurial activities being launched and spearheaded by the Prime Minister.

Robust connect with corporates can help start-ups get their ideas validated, and avail technical expertise, mentorship and finance, observed Mr Vijay K Thadani, Vice Chairman and MD, NIIT Ltd.

Dr Anil Wali, MD, Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, pointed to the need to connect and leverage the existing knowledge base in academic institutions. Corporate governance should encompass frugal innovation which is sustainable and disruptive, he added.

Glimpses of some disruptive innovations presented at the event:

Eco Green: A portfolio of solutions to help industries maximize ecology and economy in cooling water circuits. The solution pays for itself by way of energy savings, water savings and avoiding downtime.

iGloble: The ‘iotaSmart platform’ offers real-time monitoring to predict the failure of

vehicles ahead of time using machine learning and Internet of Things (IoT), followed by prescription.

Rays Enserv: Indigenous technology to convert end-of-life non-recycled plastic waste into useable ‘no sulphur’ synthetic fuel with calorific value similar to high speed diesel, as an alternate source of energy for industrial applications like generators, boilers, smelters, etc.

Nasofilters: A self-cleaning filter technology for human use, which prohibits particulate matter up to 2.5 concentration from entering the bloodstream, thereby preventing respiratory disease, heart problems and lung cancer.

Pikkol: A unique mobility management solution for companies leveraging machine learning, IoT and image recognition.

ClairViz Systems: The ‘Osprey’ smart manufacturing IoT platform integrates a variety of data sources to capture and assimilate raw information, and provides its users ‘Real Time Actionable Intelligence.’

YuViTime: A proprietary technology to establish end-to-end communication using the common e-mail address with a vision to create an alternative to the regular phone number as a termination point of communication.

Entrepreneurship

CII, in partnership with NITI Aayog, organized a series of interactive entrepreneurial events across India as a part of the ‘Road to the Global Entrepreneurship Summit (GES)‘ series.

As a part of this initiative, the Start-up - Corporate Business Connect, held on 14 November in New Delhi, brought over 150 budding start-ups, leading corporate leaders, Government representatives, venture capitalists, angel investors and media together for insightful discussions on ways to improve linkages between start-ups and corporates, commercialization of start-up solutions, facilitating start-ups, and how to leverage the strength of networking, with Government, industry, institutions and academia.

Mr S Gopalakrishnan, Chairman, CII Start-up Council, Past President, CII, Co-founder, Infosys, and Chairman, Axilor Ventures, in his keynote speech, said the Indian corporate sector now needs to take up the responsibility to fund and mentor new start-ups and help in building a robust start-up ecosystem. We also need to build the culture of curiosity and entrepreneurship in schools, he added.

Mr Arnab Kumar, Manager, Atal Innovation Mission, NITI

Jagdish Mitra, Chief Strategy & Marketing Officer - Head Growth Factories, Tech Mahindra; Dr Anil Wali, MD, Foundation for Innovation and Technology Transfer,

IIT Delhi; S Gopalakrishnan, Chairman, CII Start-up Council, Past President, CII, Co-founder, Infosys, and Chairman, Axilor Ventures;

Vijay K Thadani, Vice Chairman and MD, NIIT Ltd; Sudipto Ghosh, Executive Director, Lenovo; and Arnab Kumar, Manager, Atal Innovation Mission, NITI Aayog,

at the Start-up-Corporate Business Connect, in New Delhi


BUILDING CAPACITY

Waste Management

Regional Fairs & Entrepreneurship WorkshopsThe third edition of the regional fair and entrepreneurship training workshops, organized as a precursor to the annual flagship national innovation competition, India Innovation Initiative 2017 (i3), were held on 9-10 November in Greater Noida, for the Northern Region, and on 16 November in Kolkata for the Eastern Region.

The workshops featured the delivery of orientation sessions, sharing of best practices and insights on entrepreneurship, scale up, industry and market expectations, etc, to the shortlisted teams, as well as presentations by the innovators/ teams, demonstrating their innovations/ technology solutions to the jury.

At the 3rd regional fair and entrepreneurship training workshops in Greater Noida (above) and Kolkata (below)

From Waste to WorthCII in partnership with the Technology Development Board (TDB), organized an international conference on PPP model for Waste to Worth Projects on 30 November in New Delhi, bringing domestic and international technology providers, investors, and municipal authorities together to discuss and suggest techno-business solutions for keeping cities clean in a sustainable manner. This conference was an initiative of the CII Taskforce on Waste to Worth, which has been working on a broad framework of Proposed PPP Model for Integrated MSW management.

Mr Hardeep Singh Puri, Minister of State (Independent Charge) of Housing and Urban Affairs, attended the Ministerial Session of the conference, along with Mr Arun Bharat Ram, Past President, CII, and Chairman, SRF Ltd, and Mr Mahesh Babu, Co-Chair, CII Task Force on Waste to Worth, and MD, IL&FS Environmental Infrastructure & Services. Dr Bindu Dey, Secretary, TDB, and Mr VK Jindal, Joint Secretary, Ministry of Housing and Urban Affairs, delivered the inaugural address.

The sessions discussed the current PPP models operational in Indian cities and towns, and shared global experiences in municipal solid waste (MSW) management, as well as views from Urban Local Bodies (ULBs) on MSW management in their cities/ towns and the need for private sector partnership. Fertilizer and DISCOM experts spoke about the opportunities and issues relating to off-take of electricity and compost produced from MSW in India.

Expert speakers from India and abroad, representing organizations such as Essel Infraprojects, IL&FS, Ramky, Geocycle, JBM, Siemens, Toilet Coalition Board, Switzerland; Ecogreen, China; IVL, Sweden; Ekolog, Poland; TIL India, Germany; and Boson Energy, Israel, addressed the conference.

Ajay S Shriram, Chairman, CII Task Force on Waste to Worth, Past President, CII, and Chairman and Senior MD, DCM Shriram Ltd; Vinod Kumar Jindal, Joint Secretary, Ministry of Housing and Urban Affairs; Dr Bindu Dey, Secretary, TDB;

Mahesh Babu, Co-Chair, CII Task Force on Waste to Worth, and MD, IL&FS Environmental Infrastructure & Services; and Rumjhum Chatterjee, Chairperson, CII Mission on Cities, and Group MD, Feedback Infra Pvt Ltd at the International

Conference on PPP Model for Waste to Worth Projects in New Delhi

Arun Bharat Ram, Past President, CII, and Chairman, SRF Ltd and Hardeep Singh Puri, Minister of State (Independent Charge) of Housing and Urban Affairs, at the International Conference on

PPP Model for Waste to Worth Projects in New Delhi


Intellectual Property Rights

Winners of the CII Industrial Intellectual Property Awards 2017 in New Delhi

Pranab Kumar Das, Member (Customs), CBEC; Pradeep Banerjee, Chairman, CII National Committee on Intellectual Property, and Executive Director - Supply Chain, Hindustan Unilever Ltd; Dr K S Kardam, Senior Joint Controller of

Patents & Designs, Head of Office, Patent Office Delhi; and Georg Weber, Director, ICT, European Patent Office, at the International Conference on

Protection of IP in New Delhi

Interactive session with police officials in New Delhi

International Conference on Protection of IP

IPR Sessions for Enforcement Officials CII conducts orientation programs for enforcement agencies like police, customs, central excise, economic offence wing etc, all over the country, to build a strong partnership between the rights holders and enforcement agencies, and to strengthen coordination between them.

Consecutive sessions were held on 2, 6 and 22 November in Patna, Mumbai and Chennai respectively with customs officials, and on 3 and 11 November in Patna and New Delhi, with police officials.

3rd CII Industrial Intellectual Property (IP) Awards

The 3rd CII Industrial IP Awards were conferred on companies for their outstanding contributions towards strengthening the IP ecosystem, on 28 November in New Delhi, just prior to the ‘International Conference on Protection of Intellectual Property and Enforcement in the face of Industry 4.0.’ A total of eight awards were presented to large and small-medium enterprises

in the categories of patents and trademarks. The winners:

• Top Patent-driven Industry (Large Enterprise): Winner-Tata Consultancy Services, 1st runner-up: Samsung R & D Institute

• Top Patent-driven Industry (small and medium Enterprise): Winner - Apex laboratories Pvt Ltd, 1st runner-up: Optimus Drug Pvt Ltd

• Top Trademark-driven Industry (Large Enterprise): Winner- Tata Chemicals Ltd, 1st runner up-Tata Steel Ltd

• Top Trademark Driven Industry (Small & Medium Enterprise): Winner- Apex Laboratories Pvt Ltd, 1st runner-up- Resil Chemicals Pvt Ltd.

The 3rd International IPR Conference on Protection of Intellectual Property and Enforcement in the face of Industry 4.0 was jointly organized by CII, the Indian Patent Office, and the Department of Industrial Policy and Promotion, in collaboration with various arms of the Government of India, and several industries, on 28-29 November, in New Delhi.

The conference this year hosted sessions on artificial intelligence and IPR covering software and devices, manufacturing and human resources; issues in IP licensing, and case studies from industries, publicly-funded institutions, IP offices, and enforcement agencies.

BUILDING CAPACITY


LITCON 2017 The Andhra Pradesh and Tamil Nadu Technology Development and Promotion Centers of CII, in association with USPTO-GIPA and Anand & Anand, conducted the 3rd edition of LITCON 2017, a conference on IP Litigation, on 24 November in Chennai.

The conference explored the dynamic landscape of IP Litigation, legal disputes and resolution methodologies across the globe.

Justice MM Sundresh from the Madras High Court spoke on the importance of Special Forums and Special Treatment for IP Litigation in India.

A report on the ‘Evolving Landscape of IP Litigation in India and the way forward’ was released on the occasion.

Program on IPR Management for Start-ups’ in Hyderabad

At LITCON 2017 in Chennai

IPR for Start-ups & Entrepreneurs

Intellectual property rights (IPR) and related transactions can be a key tool for the growth and success of start-ups. Continuing the on-going initiative to sensitize start-ups on IPR, the Andhra Pradesh Technology Development Center (APTDC) of CII, in association with the United States Patent & Trademark Office – Global Intellectual Property Academy (USPTO-GIPA) organized programs on ‘Nuts and Bolts on IPR Management for Start-ups’ on 17 November in Hyderabad, and on 20 November in Bengaluru.

The sessions deliberated on the centrality of intellectual property and its exploitation for achieving competitiveness.

A program for Start-ups in Electronics and IT-enabled Industries was organized in association with the Ministry of Electronics and Information Technology on 22 November in Kochi.

BUILDING CAPACITY

Members are earnestly requested to adopt the CII Model Code of Conduct, if not already done.

(Members could confirm their adoption of the CII Model Code of Conduct by using the link)

http://www.cii.in/codeofconduct What Does It Cover

Maintaining : Accurate Books and Records Prohibits : Bribery and Corruption Equality : Fair and Equitable Treatment Work Environment : Healthy and Safety Measures Standards : Quality of Goods and Services Social Welfare : Environment and Society

CII Model Code of Conduct

>>>> The names of the companies that have adopted the code would be reflecting on the CII Website <<<<


Engaging with the WorldEAST AFRICA

Regional Conclave on India – East Africa

Dr Ragendra Berta De Souza, Vice Trade & Industry Minister, Mozambique; Kebede Gerba, State Minister for Water, Irrigation & Electricity, Ethiopia; Shobana Kamineni, President, CII,

and Executive Vice Chairman, Apollo Hospitals Enterprise Ltd; Amelia Kyambadde, Minister of Trade & Industry, Uganda; Ms Rita Teaotia, Commerce Secretary, India; Dr Dhieu Mathok Diing,

Minister of Energy & Dams, South Sudan; Sanjay Kirloskar, Chair, CII Africa Committee, and CMD, Kirloskar Brothers Ltd, and Geetha Muralidhar, CMD, Export Credit Guarantee Corporation

of India, at the CII-EXIM Bank Conclave on India and East Africa in Kampala

The CII-Exim Bank Regional Conclave on India – East Africa from 20-21 November in Kampala, Uganda, showcased and strengthened the multi-faceted partnership between India and East Africa, and set new frontiers for the days to come.

Attended by more than 500 delegates from East Africa, Japan, and multilateral bodies, the conclave drew a 100+ business delegation from India representing sectors such as agriculture, infrastructure, power and energy, trade, ICT, financial services, manufacturing, mining, healthcare and pharmaceuticals, education and skill development, etc.

Through wide-ranging discussions, B2B meetings and an exhibition, the conclave generated a multi-pronged action plan to accelerate an equitable and mutually empowering India-East Africa economic partnership across the spectrum.

Multilateral organizations such as the Japan External Trade Relations Organization (JETRO), the African Development Bank, the International Trade Center, and the United Nations Economic Commission for Africa, brought in delegates, provided knowledge support, and added to fruitful business dialogues.

Mr Yoweri K Museveni, President of Uganda, was the Chief Guest. Dr Ruhakana Rugunda, Prime Minister

and Leader of Government Business, Uganda, Ms Rita Teotia, Commerce Secretary, India, and ministers from Burundi, Ethiopia, Mozambique, South Sudan and

Uganda shared their thoughts on the next steps forward. Several business front-runners from East Africa and India too participated in the discussions.

Underscor ing the s t r i k ing convergence between the two regions, Ms Rita Teaotia spoke about an “alignment between the India Growth Story and Africa’s own vision of resurgence, as crystallized in African Agenda 2063.”

President Museveni encouraged Indian investors to take advantage of the improving investment

environment in his country. “The potential is very big. Purchasing power in Africa is going up. Africa is the business center of the future. You are right now in the right place at the right time,” he said, adding, “India is a big market. We want to sell in your market.”

Dr Ruhakana Rugunda welcomed the gesture of Ashok Leyland to donate two buses to students at the army’s senior command and staff college in Kimika.

Ms Shobana Kamineni, President, CII, and Executive Vice Chairman, Apollo Hospitals Enterprise Ltd, appreciated the “marked Afro-optimism among Indian industry and business for development-friendly investment in this emerging region, which is constantly setting new benchmarks in streamlining governance and business regulation.”

“Increasing FDI between both regions will benefit both local and regional investors through greater confidence, improved investment platforms, and increased ease of doing business,” opined Mr Sanjay Kirloskar, Chair, CII Africa Committee, and CMD, Kirloskar Brothers Ltd.

As one of the outcomes of the conclave, East Africa and India agreed on greater coordination and interaction between government and the business community on both sides. They also agreed to intensify collaborative efforts for regional economic integration, believing that


EGYPT

CII CEOs Delegation to EgyptA 10-member CII CEOs’ delegation visited Cairo, Egypt, on 21-22 November to explore new avenues for enhancing their presence in the country through investment and sustainable growth.

The delegation, along with Mr Sanjay Bhattacharyya, Ambassador of India to Egypt, called on Mr Sherif Ismail, Prime Minister of Egypt, on 22 November. Dr Sahar Nasr, Minister of Investment and International Cooperation, Mr Tarek Kabil, Minister of Trade and Industry, and Adm. Mohab Mamish Chairman, Suez Canal Economic Zone and Suez Canal Authority, were also present. The Prime Minister apprised the visitors about the recent economic reforms in Egypt, making it an attractive destination for investment.

Dr Mohamed Said El-Assar, Minister of Military Production, in a separate meeting with the delegation, called for setting up joint ventures that would encourage

CII CEOs Delegation with Sherif Ismail, Prime Minister of Egypt, senior Ministers, and Sanjay Bhattacharyya, Ambassador of India to Egypt, in Cairo

HUNGARY

Interaction with Hungarian Delegation

Members of the Hungarian delegation, at an interaction in New Delhi

promotion of East Africa as a single market and a single investment destination will be a game-changer for attracting foreign investment and transforming the region.

The conclave identified infrastructure as the most formidable and pressing barrier, and called for joint efforts to overcome the challenge. To address the investment gap in infrastructure, it urged institutions like EXIM Bank and export credit agencies to scale up finance for infrastructure projects. Agriculture and food processing were also marked as a core sector, with the focus on giving African farmers better access to Indian agri-technologies, and sharing of frugal innovations developed in India.

Looking ahead, the real challenge will be to translate the shared aspirations of economic resurgence and prosperity into real achievements on the ground.

investment, employment generation and technology transfer in Egypt. Likewise, Dr Hisham Arafat, Minister of Transport, identified specific project opportunities in railway wagon and three-wheeler manufacturing.

The delegation also met senior representatives of the Federation of Egyptian Industries, and the India-Egypt Joint Business Council, as also various financial institutions and banks.

CII organized an interactive session with a delegation from the Hungarian Chamber of Commerce and Industry (HCCI), led by Mr András Rév, Vice- Chairman, HCCI, on 20 November in New Delhi.

The delegation visited India with a special focus on areas like business consultation, water waste management, agriculture and meat, steel, manufacturing, and education. The visitors briefed Indian industry on the Hungarian economy and its strengths, particularly in water treatment technology, automobiles, agriculture and food processing.

The India side spoke about key reforms and opportunities for collaboration in India.

The interaction was followed by B2B meetings.




SPAIN

2nd Spain-India ForumCII partnered the Spain-India Council Foundation (SICF) for the 2nd Spain-India Forum held in Madrid on 16 November. A 12-member CII Business Delegation visited Spain to participate in the Forum, which focused on renewable, clean and efficient energy, with the goal for both countries to work together in sustainable solutions and innovative projects for a long-term energy mix.

Spain and India can generate significant energy synergies over the next few years, said Mr Alfonso Dastis, Minister of Foreign Affairs and Cooperation, Spain, referring to the ‘important efforts’ of Spain in this sector, and India’s ambitious plans to reach 175 GW from renewables in 2022.

“Both Spain and India share a fundamental objective: the fight against climate change and the possibility of making it an economic opportunity," said Mr Daniel Navia, Minister of State for Energy, Spain. Technological development is a fundamental element for the energy sector, he said, pointing to the remarkable capacity of Spanish companies in the generation of renewable energy, electric mobility, energy efficiency and improvements in electric transmission.

Appreciating the excellent relations between Spain and India, Mr Venkatesh Varma, Ambassador of India in Spain, said the visit of Prime Minister Modi to Spain has opened a new chapter. Our two countries are on

At the 2nd Spain-India Forum in Madrid

ITALY

Cooperation with Italy in HealthcareCII organized an interactive session with Ms Beatrice Lorenzin, Minister of Health, Italy, on 29 November in New Delhi, with select members of the Indian healthcare industry, to explore opportunities for cooperation in the healthcare sector. Ms Lorenzin was accompanied by a high level business delegation from the healthcare, biotechnology and pharmaceutical sectors.

Pointing to the potential for cooperation between the two countries by pooling technical, scientific, financial and human resources to upgrade the quality of infrastructural resources involved in healthcare, medical education, and training and research, Ms Lorenzin suggested cooperation for the exchange and training of doctors and other health professionals, assistance in development of human resources, setting up of healthcare facilities, and regulation of pharmaceuticals, medical devices and cosmetics.

Dr Naresh Trehan, Chairman, CII Healthcare Council, and CMD, Medanta – The Medicity, said India today offers a market of significant potential, perhaps unique in the global scenario, for a vast range of entry strategies. Healthcare has become one of India's largest sectors, both in terms of revenue and employment, and is growing at a tremendous pace, with wider coverage, improved services and increasing expenditure by

Lorenzo Angeloni, Ambassador of Italy to India; Interpreter; Beatrice Lorenzin, Minister of Health, Italy and Dr Naresh Trehan, Chairman, CII Healthcare Council, and CMD, Medanta – The Medicity, during an interactive session in New Delhi

public as well private players, he said. Business development opportunities could be explored in pharmaceuticals, procurement of generic and essential drugs, health equipment, collaboration in prevention of non-communicable diseases (NCD) and in the field of climate change impact on communicable diseases and vector-borne diseases, among others, he felt.



UNITED ARAB EMIRATES

India Launch of Khalifa Port Free Trade ZoneCII, in association with Abu Dhabi Ports (AD Ports) and the Khalifa Industrial Zone Abu Dhabi (KIZAD), organized the exclusive India launch of the Khalifa Port Free Trade Zone (KPFTZ), UAE, in three key cities, New Delhi, Ahmedabad, and Pune, on 3, 7 and 9 November respectively.

Mr Edwin Lammers, Vice President, Commercial and Business Development, KIZAD, who led the delegation from AD Ports and KIZAD, invited Indian Industry to visit and invest in KPFTZ. The zone, covering a total area of 100 sq km, is fully integrated with Khalifa Port, one of the world’s fastest-growing container ports and a leading hub for maritime trade in the Middle East, Africa and South Asia region, he said.

The session in New Delhi was also attended by Mr Ahmad Alfalahi, Commercial Attaché of the UAE to India; Mr R V Prasad, Director (Gulf), Ministry of External Affairs, and Mr S Bhaskaran, General Manager, State Bank of India, among others. The sessions were followed by B2B meetings in all three cities.

S Bhaskaran, General Manager, SBI; Edwin Lammers, Vice President Commercial and Business Development, KIZAD; Vinod Manjila, Partner, A J Foods;

Ahmad Alfalahi, Commercial Attaché of the UAE to India, and R V Prasad, Director (Gulf), Ministry of External Affairs, at the launch of the

Khalifa Port Free Trade Zone, UAE, in New Delhi

Inviting Indian businessmen to explore opportunities in value-added industries such as ICT, pharmaceuticals, biotechnology, auto-components, and renewable energy, the Minister urged CII to organize a multi-sectoral business delegation to Tunisia to explore new partnerships. Indian industry, he felt, could benefit from the strategic location of Tunisia, which acts as a gateway to Africa, Middle East and Europe, and enjoys multiple free trade agreements with the EU, the Middle East and African countries.

TUNISIA

Interaction with Foreign Minister of TunisiaCoinciding with the 12th India -Tunisia Joint Commission, CII organized an exclusive breakfast session in honor of Mr Khameis Jhinaoui, Foreign Minister of Tunisia, on 31 October in New Delhi. The session was chaired by Mr Shreekant Somany, Chairman, CII National MSME Council,

and CMD, Somany Ceramics Ltd.

The Tunisian Foreign Minister, in his special remarks, stated that his country has undertaken deep and substantial financial and fiscal reforms to improve the investment and economic climate, such as the adoption of a new investment law, a Public-Private Partnership law, and a competition law. The Government has eased up the foreign investment procedure so much so that only three days are needed to create a company in Tunisia, he said.

Khemaies Jhinaoui, Minister of Foreign

Affairs, Tunisia

the same side. We share an ambition, he said, calling on more Spanish companies to go to India, and Indian companies to establish their European base in Spain.

Renewable energies present a world of opportunities for collaboration between Spain and India, said Ms Cristina Serrano, Director General, International Economic Relations, Ministry of Foreign Affairs and Cooperation, Spain. Sectors such as tourism, transport, defence, security and smart cities also offer multiple possibilities for cooperation between the two countries, she added.

Members of the CII delegation, led by Mr Tejpreet S Chopra, President & CEO, Bharat Light & Power Group, had the opportunity to speak at various sessions of the Spain-India Forum, including those relating to the sustainable energy cycle. They also interacted with Spanish companies looking for joint ventures and tie-ups with Indian companies.

Representatives from various Spanish companies participated in the business networking session for the CII delegation, organized by the Spanish Confederation of Employers' Organizations (CEOE) in collaboration with the Embassy of India.


Regional ReviewEASTERN REGIONE

Interaction with Bihar Chief Minister

A CII delegation called on Mr Nitish Kumar, Chief Minister of Bihar, on 8 November in Patna, to reiterate its keenness to promote investment in Bihar in food processing and farm machinery. Led by Mr Rakesh Bharti Mittal, President Designate, CII, and Vice Chairman, Bharti Enterprises, and Mr Umesh Choudhary, Chairman, CII Eastern Region, and Vice Chairman & MD, Titagarh Wagons Ltd, the CII team also proposed holding ‘investment meets’ in the State, for which the Chief Minister gave necessary instructions to the Principal Secretary, Industries Department.

Rakesh Bharti Mittal, President Designate, CII, and Vice Chairman, Bharti Enterprises; Nitish Kumar, Chief Minister of Bihar, and

Umesh Chowdhary, Chairman, CII (ER), and Vice Chairman & MD, Titagarh Wagons Ltd; at an interaction in Patna

presented their issues and queries directly to senior officials from the country’s think tank.

Brand ConclaveMr Paco Underhi l l , New York-based revolutionary brand guru, retail anthropologist and scientist, who advises global brands such as Microsoft, McDonald’s, Adidas, Starbucks, and Bloomingdales, to name a few, conducted a day-long workshop for some 350 executives representing top companies from across the country at the 16th Brand Conclave in Kolkata on 17 November. The workshop explored fundamental behavioral insights that can be put to use to drive business results.

Innovation 2017The Conference on Innovation 2017 – Next Big Ideas, was organized in association with NITI Aayog as a platform to ‘spark and share big ideas,’ on 25 November in Kolkata. Students from leading colleges exhibited prototypes of the products designed and developed by them at the CII Innovation Clubs set up on campuses, to attract the attention of funding agencies, industry decision-makers and investors. Based on their potential to be commercialized, 22 prototypes were shortlisted from over 75 presented. Addressing the conference, Mr Debashis Sen, Additional Chief Secretary, Department of IT & Electronics, West

Pankaj Sarda, Vice Chairman, CII Chhattisgarh, and Joint MD, Sarda Energy & Minerals Pvt Ltd; V K Saraswat, Adviser, NITI Aayog; Dr Rajiv Kumar, Vice Chairman, NITI Aayog; and Ramesh Agrawal, Chairman, CII Chhattisgarh, and MD, Real Ispat & Power Pvt Ltd,

at an interactive session in Raipur

Paco Underhill, global retail brand guru

Interactive Session with NITI AayogDr Rajiv Kumar, Vice Chairman, NITI Aayog, and other senior officials of NITI Aayog, interacted with CII members on 17 November in Raipur. Dr Kumar’s first interaction with CII members since he assumed office largely centered on improving the ease of doing business in Chhattisgarh. Industry members


The 6th edition of Biz Bridge, which was attended by senior ministers, government officials, and diplomats too, came alive with an engineering and manufacturing exhibition.

Green Industry ConclaveCII teamed up with the West Bengal Government to organize ‘Green Industry Conclave’ in Kolkata on 8 November. The major outcome of the Conclave was the West Bengal Government assigning

CII to prepare a set of recommendations for creating a roadmap for green industry and an eco industrial park. The United Nations Industrial Development Organization (UNIDO) was the conference collaborator.

S K Sanyal, President, Howrah Chamber of Commerce and Industries, and Chairman, SKS Consultancy; Anil Vaswani, MD, Wesman Engineering Co Pvt Ltd; Arup Roy,

Minister of Co-operation, West Bengal; Aloke Mukherjea, Senior Adviser, Ernst & Young; Sobhandeb Chattopadhyay, Minister of Power and Non-Conventional Energy, West Bengal;

and Sandeep Kumar, MD, Tata Metaliks Ltd; at Biz Bridge, in Kolkata

Green Industry Conclave in Kolkata

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Inauguration of the Conference on Innovation, in Kolkata

Bengal, announced that fresh graduates will be given rent-free space for churning out big ideas and designing innovative models at the proposed Centre of Innovation at the IT Park being built in Kolkata, expected to be operational in the financial year 2018-19.

Prof David Gann, CBE, Vice President - Innovation, Imperial College, London; Mr Rajive Kaul, Past President, CII, and Chairman, Nicco Engineering Services Ltd; Dr Chiranjib Bhattacharjee, Dean, Jadavpur University; Mr R Banerjee, President, Indo British Scholars' Association; and Mr Manjit Nayak, Additional Director & Officer-In-Charge, Software Technology Parks of India, Kolkata, also shared their thoughts.

Biz Bridge 2017Major players from the Indian Railways, Chittaranjan Locomotive Works, Diesel Locomotive Works, South Eastern Railway, RDSO, etc, and leading entities from defence manufacturing, such as GRSE, HAL, Gun and Shell Factory, Metal and Steel Factory, etc, engaged in 261 B2B meetings with MSMEs at the four-day Biz Bridge, held from 15-18 November in Howrah. Procurements officials from the Defence and Indian Railways not only explained their procurement policies but also made clear what they want from the MSMEs in terms of quality and technology.

Interactive Session on SeychellesMr Philippe Le Gall, High Commissioner of Seychelles to India, apprised industry members of the immense business opportunities in sectors such as banking, fishery, tourism, pharmaceuticals, oil and gas, etc in his country, at an interactive session on 27 November in Kolkata.

School Excellence ConclaveThe State Government will spend `70 crores to improve structural safety infrastructure in schools, said Mr Dushyant Nariala, Principal Secretary, School

Education, West Bengal, addressing more than 100 school teachers, including

School Excellence Conclave in Kolkata


connectivity, border trade, and the socio-political environment in the region.

The IDE is a corporation that enjoys special status under the jurisdiction of Japan’s Ministry of Economy, Trade and Industry. It engages in basic research on economic, political and social issues affecting developing countries and regions.

Financing Options for IndustryCoinc id ing with its 2nd North East Council Meeting on 22 November in Guwahati, CII o r g a n i z e d a n interactive session with Mr B P Muktieh, CMD, North Eastern D e v e l o p m e n t Finance Corporation Ltd (NEDFI). Mr Muktieh described several funding schemes of NEDFI, and shared the important initiatives of NEDFI for the handicraft and handloom industry in the region.

North East Hydrocarbon Vision 2030CII, in association with ONGC Ltd, organized a Roundtable on North East Hydrocarbon Vision 2030 on 30 November in Agartala, to serve as a platform for dialogues to build a robust hydrocarbon sector in the North East and map investment opportunities for hydrocarbon projects. It also enabled industry members to understand the plans of the Government, both Central and State, for the hydrocarbon sector, and share the constraints faced by oil and gas companies at the ground level while implementing projects.

With the focus on encouraging investment in industries such as ceramics and tiles, which require gas as a source of fuel, there was consensus on the need for developing an extensive gas pipeline network for the distribution

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NORTH EASTERN REGIONNE

45 principals, at the School Excellence Conclave in Kolkata on 18 November. The conclave, with the theme of ‘Making Students Future Ready’ discussed how a robust system can be built to enable schoolchildren to successfully enter the professional world, for jobs or entrepreneurship.

Doing Business with Indian Railways

Meeting with IDE-JETRO team in Guwahati

B P Muktieh, CMD, NEDFI; with Mayank Jalan, Chairman, CII North East Council, and MD, Keventer Agro Ltd, at

an interaction in GuwahatiCII organized a conference on ‘Doing Business with Indian Railways’ in Kolkata on 6 November to engage more new manufacturers and service providers from the East with the Indian Railways. The General Managers of Eastern Railway and Kolkata Metro updated MSMEs about the new thrust areas and quality requirements, stressing that safety is getting utmost importance in the Railways. IT-enabled services and electrification projects also offer good opportunities, they said.

Visit of IDE - JETRO to CII Assam

G K Singha Roy, Executive Director and Asset Manager - Tripura Asset, ONGC Ltd; Dr S K Panda, Chairman, Executive Committee,

Tripura Skill Development Mission, and M Nagaraju, Principal Secretary, Industries and Commerce, and Finance, Tripura, at the Roundtable on North East Hydrocarbon Vision 2030 in Agartala

At the conference on ‘Doing Business with Indian Railways’ in Kolkata

A four-member team from the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO), led by Mr Mayumi Murayama, Director General, Research Promotion Department, visited CII Assam on 13 November in Guwahati to study ways to deepen the engagement between Japan and the North East. The discussions covered topics such as infrastructure,


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NORTHERN REGIONN

system, as also on the proposal to connect Tripura with the gas grid in Bangladesh. The stakeholders also unanimously agreed on the need for a single window system to make the North East Hydrocarbon Vision 2030 a success.

Mr M Nagaraju, Principal Secretary, I n d u s t r i e s a n d C o m m e r c e , a n d Finance, Tripura; Mr G K Singha Roy, Executive Director & Asset Manager, Tripura Asset, ONGC Ltd; Dr S K Panda, Chairman, Executive Committee, Tripura Skill Development Mission; Mr Lalit Kumar Maurya, General Manager (Operation & Management), Gail India Ltd; and Mr S Prabhu, Director, Skills, Tripura, among others, participated in the roundtable.

Awareness Session on GST Mr L H Rosanga, Commissioner of State Tax in Mizoram, sought CII’s help in conducting training and awareness sessions alongside the Taxation Department, to make GST implementation in Mizoram smoother, at an awareness session on GST organized by CII in Aizawl on 30 November. With all stakeholders coming together and working with a sense of common purpose, GST implementation in the State will be a lot easier, he said.

Mr Shubham Khaitan, Partner, Tax & Regulatory, S Khaitan & Associates, touched upon important GST-related aspects such as liability of registration, payment, Inner Line Permit (ILP) and GST Network. He also discussed several issues faced by industry, relating to maintenance of accounts, return filing, invoicing, penalty on offences and interest, etc.

CII Invest North 2017At the 6th edition of the flagship mega investment conclave, CII Invest North 2017, held from 1-2 November in Mumbai, the Northern States, Punjab, Haryana, Himachal Pradesh, Uttarakhand, Rajasthan, and Uttar Pradesh, showcased their economic prowess as favorable investment destinations. Mr Ramesh Abhishek, Secretary, Department of Industrial Policy Promotion (DIPP), Union Ministry of Commerce and Industry, was

Sachit Jain, Deputy Chairman, CII Northern Region, and MD, Vardhman Special Steels, and Joint MD, Vardhman Textiles Ltd; Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd; Ramesh Abhishek, Secretary, DIPP;

and Chandrajit Banerjee, Director General, CII, at CII Invest North 2017 in Mumbai

the chief guest at the Conclave, which was addressed by a galaxy of ministers, senior bureaucrats and industry leaders.

“The States and the Center are working as Team India and the States are learning from each other’s best practices. The World Bank rankings are based on the feedback from two cities but I wish the team had also evaluated the 15 other cities that are doing phenomenal work in ushering in new reforms,” said Mr Ramesh Abhishek. The participation of six States in CII Invest North 2017 indicates the keenness of the State Governments to create a business-friendly environment based on the principle of competitive federalism, he said, advising the State Governments to work with industry as partners and understand their pain points to resolve them.

He suggested that the States look into the cost of electricity and the labor laws to make industry more competitive, while urging industry to invest in skilling people in a big way. “The Center has introduced fixed-term employment for the textile sector and is likely to introduce it for the footwear and leather industry. Focus must also remain on MSME as their problems are complicated and unique, he said.

The key speakers included Capt Amarinder Singh, Chief Minister of Punjab, who unveiled the new Industrial Policy of Punjab at the event; Mr Manpreet Singh Badal, Minister of Finance, Planning & Program Implementation, Punjab; Mr Prakash Pant, Minister of Finance, Uttarakhand; Mr Satish Mahana, Minister of Industry, Uttar Pradesh; Mr Rajpal Singh Shekhawat, Minister of Industries, Rajasthan; and Ms Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd among many others.

“The Central Government has proactively addressed and implemented structural reforms: GST, insolvency and the Bankruptcy Code are certainly game-changers, and have opened up many sectors for investment. This


REGIONAL REVIEW

has encouraged overseas funds to peak levels in the past three years”, said Ms Shobana Kamineni.

It is heartening to see six North Indian States in Mumbai to boost investments in the northern region. The growth story of the States of India is the story of India, thanks to a much-improved business environment which has become a pull factor for investors, observed Mr Chandrajit Banerjee, Director General, CII.

Besides focused Plenary Sessions on each of the participating States, the Conclave hosted special sectoral sessions on Tourism, Emerging Ecosystem for Start-ups and Entrepreneurship in the North, and Investment Opportunities in Non-Conventional Energy.

A CII report on ‘Investment Climate: A Report on Northern States of India’ was released during the inaugural session.

More than 70 B2G meetings were conducted at the mega event to facilitate investment projects.

Business Opportunities in Afghanistan

Ravi Shankar Prasad, Union Minister of Law & Justice, and Electronics & IT, addressing the Telecom Convergence Summit

in New Delhi

Shaida Mohammad Abdali, Ambassador of Afghanistan in India, addressing a session on ‘Exploring Business Opportunities in

Afghanistan’ in Amritsar

Telecom Convergence Summit The Government of India will announce a ‘Data Protection Policy’ by 2018, stated Mr Ravi Shankar Prasad, Union Minister of Law & Justice, and Electronics & IT, at the ‘Telecom Convergence Summit’ on 10-11 November, in New Delhi. The new policy would be based on the protection of data privacy, data safety, data security and innovation, he said. “India missed the Industrial Revolution and the Entrepreneur Revolution but we do not want to miss the Digital Revolution, and our Government is working towards this goal, with the target to make 6 crore Indians from rural India ‘digitally literate’ in the coming years,” said Mr Prasad.

“The future of our economy and employment creation depends on the success we achieve with the Digital India campaign. The Government of India is making every effort to bridge the digital divide,” said Mr Umang Das, Summit Chairman, and Chairman, CII National Sub-Committee on Telecom Infrastructure, and Chief Mentor, ATC India.

CII Hospitality Summit 2017The two-day ‘CII Hospitality Summit-cum-Display’ on 24-25 November in Chandigarh highlighted the need to tap the immense employment and revenue-generating potential of the growing tourism sector in the region. Senior officials of the Chandigarh Administration, Haryana and Punjab, shared their blueprints for the growth of the sector in the region.

“We will soon meet the Union Home Minister to take up the issue of deploying Tourism Police as well as paramilitary forces at heritage buildings to instill a sense of safety and security among tourists, said Mr Satyajeet Rajan, Director General, Tourism, Union Ministry of Tourism. Tourism being a State subject, the States must set up an online system to issue all

Addressing an interactive session on ‘Exploring Business and Investment Opportunities in Afghanistan’ in Amritsar on 20 November, Mr Shaida Mohammad Abdali, Ambassador of Afghanistan to India, said, “Amritsar will soon become the gateway of trade to Afghanistan.” Amritsar will soon be connected by air with Afghanistan to facilitate import and export of goods. Afghanistan is well-connected by rail with Central Asia and can become a transit point for exports to Central Asia, he said. Assuring all support to Indian industry for the promotion of trade from Amritsar, he said Afghanistan offers visa on arrival to Indian citizens.

Mr Sachin Khanna, Chairman, CII Amritsar Zonal Council, and Director, Amritsar Swadeshi Woolen Mills Pvt Ltd, said Indian industry is looking for profitable investment opportunities in Afghanistan, in sectors such as mining, agriculture, textile, energy, infrastructure, telecommunications, and others.


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SOUTHERN REGIONS

clearances, he said. The Ministry of Tourism has tied up with the National Highway Authority of India and oil companies to provide amenities for tourists,” he added, inviting the private sector to adopt heritage buildings and tourist spots.

Besides interactive sessions, the Summit hosted learning sessions focusing on new trends, technologies and innovations for greater returns on investments, and an exclusive CEOs Forum, as well as a product display on the hospitality sector.

CII India Surface Coating Show 2017Addressing the 13th CII India Surface Coating Show in New Delhi on 23 November, Mr M M Singh, Executive Advisor, Maruti Suzuki India Ltd, called for a collaborative approach between original equipment manufacturers (OEM) and vendors to enhance production efficiency with increased product quality and low cost.

Mr Ramesh C Jain, Chairman, CII India Surface Coating Show, and former Vice Chairman, Eicher Group, said the Indian paint market has grown substantially and caught the attention of many international players.

Mr Pankaj Dubey, CEO & Director, Eicher Polaris Pvt Ltd and Country Head & MD, Polaris India Pvt Ltd, and Mr Michael Berger, MD, Durr India Pvt Ltd, also spoke.

M Venkaiah Naidu, Vice-President of India; N Chandrababu Naidu, Chief Minister of Andhra Pradesh, and Shobana Kamineni,

President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd, inaugurating the AP AgTech Summit 2017

in Visakhapatnam

AP AgTech Summit 2017Andhra Pradesh, which is at the forefront of technology-driven transformation in agriculture, has set ambitious agricultural goals. To build on this momentum, the State Government, in partnership with CII, the Bill & Melinda Gates Foundation, and Dalberg Advisors, organized the AP AgTech Summit 2017 with the theme, ‘Progressive Farmer and Smart Farming,’ in Visakhapatnam, from 15- 17 November. The AgTech exhibition showcased path-breaking solutions that can lead to an unprecedented lead in agricultural development in India and globally.

Inaugurating the Summit, Mr M Venkaiah Naidu, Vice President of India, said Agriculture Technology and Information Technology together would make India mighty.

Mr N Chandrababu Naidu, Chief Minister of Andhra Pradesh, in his inaugural address said the use of

technology would give farmers better incomes and a better future.

The country has attained the position of producing surplus agriculture and food products, said Mr Gajendra Singh Shekhawat, Union Minister of State of Agriculture & Farmers Welfare, urging farmers to utilize the fruits of science and technology in agriculture to achieve new goals.

Ms Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd, said technology would enable farmers to make smart decisions based on real-time information, and assist in precision farming.

The valedictory session of the AP AgTech Summit 2017 was elevated to new heights with the presence of Mr Bill Gates, Co-chair and Trustee, Bi l l & Mel inda Gates Foundation. The event is a milestone in the transformation in agriculture, he said. A host of eminent personalities from both India and abroad, political leaders, bureaucrats, CEOs, scientists, students and farmers participated in great numbers in the session.

N Chandrababu Naidu and Bill Gates, Co-chair and Trustee, Bill & Melinda

Gates Foundation


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R Dinesh, Deputy Chairman, CII Southern Region, and Joint MD, TVS & Sons Pvt Ltd; Nirmala Sitharaman, Union Minister of Defence, and M Ponnuswami, Vice Chairman, CII Tamil Nadu, and CMD, Pon Pure

Chemical India Pvt Ltd, at an interaction in Chennai

Interaction with Minister of Defence CII Southern Region organized an exclusive interactive session with Ms Nirmala Sitharaman, Union Minister of Defence, on 18 November in Chennai.

Industries in Tamil Nadu have huge opportunities in the defence sector, she said, calling for greater collaboration between industry and academia for indigenization of defence products. We need to strengthen our industry-academia partnership towards commercialization of research work done by institutions, she said. The cluster models and best manufacturing practices from engineering towns such as Coimbatore and Trichy should be replicated across the State, she suggested.

Industry members shared their suggestions with the Minister. These included the diversification of large PSUs into other sectors, including defence manufacturing, to help MSMEs in the region, setting up a Petroleum, Chemicals and Petrochemicals Investment Region in the State, and shifting one LCA manufacturing unit from HAL to Tamil Nadu, to boost defence manufacturing in the State.

CII Puducherry HR Summit 2017Mr V Narayanasamy, Chief Minister of Puducherry, inaugurated the first-ever CII Puducherry HR Summit 2017 on 3 November in Puducherr y. “We offer concessions in power tariff, provide investment subsidies and other incentives to attract entrepreneurs through our new industrial policy,” said Mr Narayanasamy in his inaugural address, stating that the State offers an enabling environment for

attracting large investment in key industry sectors to give a boost to economic growth and job creation.

Vendor Development & Investors SummitThe Government of Karnataka, in partnership with CII, organized the 1st Vendor Development & Investors Summit on 23 - 24 November in Bengaluru, to strengthen the Micro, Small and Medium Enterprises (MSME) ecosystem in the State.

Mr R V Deshpande, Minister of Large and Medium Industries and Infrastructure, and Dr M C Mohan Kumari, Minister of Small Scale Industries and Sugar, Karnataka, jointly inaugurated the Summit, which brought together enterprises, original equipment manufacturers (OEMS), and Central and State public sector units (PSUs) on a common platform to identify potential vendors and also to showcase their capabilities.

The Summit drew 1500 delegates from all over the country from key industry sectors, besides 1000 exhibitors.

During the valedictory session, best performing entrepreneurs and companies were facilitated for their excellent performance in export and manufacturing excellence. More than 120 awards were given for four categories, Micro and Small, Large and Medium,

V Narayanasamy, Chief Minister of Puducherry, addressing the CII HR Summit 2017 in Puducherry

At the Vendor Development & Investors Summit 2017, in Bengaluru


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Dr Naushad Forbes, Immediate Past President, CII, and Co-Chairman, Forbes Marshall; Suresh Prabhu, Union Minister of Commerce and Industry, and Rajan Navani, Chairman,

CII Council on Future Businesses, and MD, Jetline Group of Companies, at an interaction in Pune

SC/ ST and Women Entrepreneurs, and district-wise best performers.

Mr Milan Hovorka, Ambassador of the Czech Republic in India; Dr Vandana Kumar, Joint Secretary, Union Ministry of Commerce and Industries; and Mr Kris Gopalakrishnan, Past President, CII, Co-founder Infosys, and Chairman, Axilor Ventures, were among the key speakers at the valedictory session.

The Summit drew 1500 delegates from all over the country, besides 1000 exhibitors, and facilitated focused B2B interactions between large industry players and MSMEs.

Kerala Health TourismMr TP Ramakrishnan, Minister of Labor and Excise, Kerala, extended all support for the development of health tourism in Kerala, at the 6th edition of Kerala Health Tourism on 17 November in Kozhikode.

Mr U V Jose, Collector of Kozhikode, urged industry and Government to work in partnership to create an enabling environment for the growth of medical tourism in Kerala.

At the Inaugural Session of Kerala Health Tourism in Kozhikode

W WESTERN REGION

Interaction with Mr Suresh PrabhuMr Suresh Prabhu, Union Minister of Commerce and Industry, addressed CEOs on policy initiatives taken by the Government, and specifically by his Ministry, for the growth and development of industry, in an exclusive interaction organized on 12 November in Pune. The Government, he said, is focusing on district level planning to understand the ground realities. Urging industry to bring in new technology to enable growth, he called for promoting start-ups through collaboration.

Seminar on Indian Maritime Environment Mr Manohar Parrikar, Chief Minister of Goa, was the chief guest at the seminar on ‘Indian Maritime Environment and Capabi l i ty Requirement - Imperatives for Indian Industry,’ organized on 7-8 November in Panaji.

The seminar articulated the strategic necessity for India’s all-round naval and maritime development, and

discussed industry’s capability and capacity to support the naval forces at all times and at all locations.

6th CII Manufacturing Summit‘Re-inventing Indian manufacturing’ was the theme of the 16th edition of the Manufacturing Summit, held in Mumbai on 27 November.

Mr Suresh Prabhu, Union Minister of Commerce and Industry, in his inaugural address, said the Government is setting up an organization to promote India’s exports across different geographies of the world, develop global linkages, and build the brand equity of India.

It is important to talk to Government continuously on what has changed in manufacturing. India has improved its ranking in ‘Ease of Doing Business’, but we must ensure that this is perceived by businesses in the districts and talukas too, said Mr Jamshyd Godrej, Summit Chairman, Past President, CII, and CMD, Godrej and Boyce Manufacturing Co Ltd.

Dr Naushad Forbes, Summit Co-Chairman, Immediate Past President, CII, and Co-Chairman, Forbes Marshall, said India needs to build 1,000 Indian MNCs around the world, for which we have to develop a strong base of R&D.

Manohar Parrikar, Chief Minister of Goa


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The report on ‘Winning Through Frugal I4.0 Innovation - Way Forward for Indian Manufacturing’ was released at the Summit.

MSME & Entrepreneurship Convention

Jamshyd N Godrej, Summit Chairman, Past President, CII, and CMD, Godrej & Boyce Mfg Co Ltd; Suresh Prabhu, Union Minister of Commerce &

Industry; Dr Naushad Forbes, Summit Co-Chairman, Immediate Past President, CII, and Co-Chairman, Forbes Marshall, and Dr Janmejaya Sinha,Chairman, BCG Group

Asia Pacific, at the Manufacturing Summit in Mumbai

Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, and Giriraj Singh, Union Minister of State (Independent Charge) of

MSME, inaugurating the MSME & Entrepreneurship Convention in Bhopal, with senior leaders from the State

MSME Linkages & Buyer-Seller Meet 2017The 6th MSME Linkages & Buyer-Seller Meet 2017, organized in Ahmedabad from 15-16 November, brought representatives from Government, industry and institutions together to exchange views and share information on critical policies, available technologies, and funding options for MSMEs. The event aimed to facilitate the development of import substitution items, and to direct the flow of developmental inputs from government organizations,

At the Healthcare Conclave in Panaji

financial institutions, large industry, consultants, etc, to the MSMEs. The Buyer-Seller meet helped MSMEs understand the procurement needs, policies and eligibility criteria of large organizations.

Healthcare ConclaveThe Healthcare Conclave, a first-of-its-kind event to explore opportunities in the healthcare sector in Goa, was organized on 17 November in Panaji. The conclave addressed the problems faced by the Goa healthcare sector and asserted CII’s instrumental role in the development of the sector.

At the CFO Meet 2017 in Pune

The 2nd MSME & Entrepreneurship Convention, held on 17-18 November in Bhopal, was inaugurated by Mr Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, and Mr Giriraj Singh, Union Minister of State (Independent Charge) of MSME.

Over 200 MSMEs were showcased at the exhibition, which provided a platform for interaction with vendor units, industry leaders and sector specialists to deliberate on mutual interests and share the latest developments.

The new MSME policy for the State was released at the convention.

Invest in Kolhapur 2017The Invest in Kolhapur 2017 Conference was organized from 18-21 November in Kolhapur to showcase the strengths and underlying investment potential of the city.

CFO Meet 2017The CFO Meet 2017, in its 7th edition on 17 November in Pune, highlighted the growing role of technology, and the challenges and opportunities it brings for the finance function in a connected world.


REGIONAL REVIEW

CTO SummitWith technology and information becoming the fundamental building blocks of an enterprise, the inaugural edition of the CTO (Chief Technology Officer) Summit in Mumbai on 14 November highlighted the imperative for the transformation of CTOs and CIOs into innovation officers and information security leaders. The increasing strategic and challenging role of CTOs in the evolution of technology companies as they innovate and advance further was also discussed.

Buyer-Seller Meet with Indian Air ForceThe Vendor Development & Buyer-Seller Meet with Indian Air Force (IAF) in Pune on 16 November enabled industry members to explore opportunities to conduct business with the IAF, taking forward the Make in India campaign.

India UK Healthcare Leadership ForumThe India UK Healthcare Leadership Forum 2017 on 13 November in Mumbai hosted an incoming delegation of UK organizations working in oncology. The delegation visited India to explore partnerships with reputed Indian educational organizations for enhancing the knowledge and skills of Indian healthcare professionals.

Roundtable on MalaysiaIn a roundtable session on 6 November in Mumbai, Indian industry members with a presence in Malaysia, or plans for expansion, shared their plans, experiences and issues faced with respect to doing business, with Mr Mridul Kumar, Indian High Commissioner-Designate to Malaysia.

Maritime, Ports, Logistics & Warehousing Exhibition & Conclave 2017The Maritime, Ports, Logistics & Warehousing Exhibition & Conclave 2017, held from 22-24 November in Mumbai, provided a firm platform for various stakeholders in the sector to showcase their prowess to the relevant target audience. The conclave deliberated on the

implementation challenges relating to connectivity, permissions, and finance.

Principals Conclave 2017The Principals Conclave 2017 supported the leadership of institutions in their journey of building institutions of eminence. Organized on 20 November in Mumbai, the conclave had panel discussions on ‘Confluence of Talent, Resources and Governance’ and on ‘Best Practices and Next Practices.’

Sports Summit 2017

At the inaugural of the Maritime, Ports, Logistics & Warehousing Exhibition & Conclave 2017 in Mumbai

At the Sports Summit in Mumbai

The Sports Summit 2017, organized on 29 November in Mumbai, deliberated on institutionalizing the sports industry and using entertainment as a medium to give the sports sector in India the much-required growth momentum. It highlighted the need for the Government and the private sector to collaborate to build a dynamic sporting culture in the country.

Mr Shrinivas Dempo, Summit Chair, and CMD, Dempo Shipbuilding & Engineering, Mr Deep Mukherjee, Chairman, CII National Committee on Sports, and Senior Vice President, Star India, Mr Ayaz Memon, sports writer, Mr VVS Laxman, former cricketer, and current cricket commentator, Mr Joy Bhattacharya, Project Director, FIFA U-17 World Cup, Mr Viren Rasquinha, CEO, Olympic Gold Quest, and Mr Nilesh Kulkarni, Director, International Institute of Sports Management among others shared their perspectives.

IPCON 2017The first edition of IPCON: Changing IP Landscape in India, held on 24 November in Mumbai, presented key insights on the current IP filing scenario and the need for enforcing contracts to make India climb higher on the Ease of Doing Business index. Mr O P Gupta, Controller General of Patent, Design & Trademarks, Department of Industrial Policy & Promotion, Union Ministry of Commerce & Industry, said the Government is taking IP education and awareness to schools and universities.

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CII COMMUNIQUE - December 2017

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