SHIMLA: India's big business leaders on Wednesday batted for the community-driven competent, responsive green growth for Indian Industry that will drive positive change for the Nation in the next 25 years.
President, CII Mr T V Narendran said a responsible and conscious industry must think beyond its own priorities to drive positive change for the nation. "It must think outside the regime of incentives and subsidies, improving competitiveness, productivity and quality across its business strategies", he added.
He was Speaking at the two days long 1st CII ‘Being Future Ready’ Business Summit 2022, which started today in a virtual mode.
Summit witnessed participation of a galaxy of eminent professionals from India’s largest corporations, top- notch business leaders, experts, strategists and thought leaders who have converged on the virtual platform to share insights on global business trends.
Industry Must eye next 25 years for Nation
They will also mull on how enterprises can prepare themselves for leadership. "The Summit would also set the foundation for the next quarter century when India will reach its 100th year as a nation", said Mr Narendran.
Mr Narendran stated that with the recalibration of global supply chains the world over, Indian Industry has a unique opportunity to expand its global footprint. "Industry should move away from the risk averse culture. And with free trade agreements being signed with key partners, we must leverage these opportunities to the optimum", he said.
Mr Narendran was also of the view that it is essential for industry to ramp up R&D expenditure for being future ready. For this collaboration with industry and academia should be explored, he added, counting CII's activities during the year.
Mr Sanjiv Bajaj, President Designate, CII spoke at length on how Indian industry must prepare for India@100. The key area that will define the future of Indian industry is its engagement with the needs of society and the community, he said.
Bajaj opined that engaging with the society would make business become more valuable and viable over a long-term. The workers both informal and contractual are as important as the need for gender equality, investment in greater equity and inclusion practices at workplace, he said.
He said the digital revolution, including fintech, e-commerce, etc is creating immense opportunities for Indian industry. This would make Indian industry future- ready to cater to community needs and, in turn, all of which going forward will form an integral part of the India@100 agenda, he added.
Dr Pawan Munjal, Vice President, CII spoke extensively on the issue of sustainability and the role of industry in reducing the carbon footprint. industry is promoting renewable energy and energy efficiency, he added.
Green Growth in Industry
Munjal said immense opportunities are being created in new industries like green mobility, renewable energy, circular economy and green hydrogen. "EVs are driven by new policies to improve efficiencies. Indian companies should take a strong position in assessing global markets", he added.
in his concluding remark Mr Chandrajit Banerjee, Director General, CII, gave an overview of the two-day programme of the CII Business Summit. The six tracks of the summit are competitiveness, technology, sustainability, healthcare, global leadership and community, he added.
