From the Sec­re­tary Gen­eral

FICCI Business Digest - - Contents - Dilip Chenoy

The choices that we make to­day, will de­fine our col­lec­tive fu­ture. The choices may not be easy. But through aware­ness, tech­nol­ogy, and a gen­uine global part­ner­ship, I am sure we can make the right choices,' said Prime Min­is­ter Naren­der Modi.

The Prime Min­is­ter was speak­ing on the oc­ca­sion of the Global launch of the World En­vi­ron­ment Day, on 5 June 2018 at the Vi­gyan Bhawan, an event co­or­di­nated by FICCI. He em­pha­sized that even as In­dia con­tin­ues to be the fastest grow­ing econ­omy in the world, the govern­ment re­mains com­mit­ted to raising the stan­dard of liv­ing of the peo­ple in a sus­tain­able and green way. This year’s theme is ‘beat plas­tic pol­lu­tion’ and we are the host coun­try. In an in­ter­view to Busi­ness Di­gest, Anirban Ghosh, Chief Sus­tain­abil­ity Of­fi­cer of Mahin­dra Group shows us how busi­nesses look at sus­tain­abil­ity, that is, as an in­vest­ment for the fu­ture and not an ex­pense. He says that the group has found places where sus­tain­abil­ity brings costs down and they have in­vested in them ag­gres­sively. He also feels, to­day, en­ergy ef­fi­ciency, re­new­able en­ergy and cir­cu­lar econ­omy save money for the busi­ness and bio­di­ver­sity helps bring dust lev­els down and that im­proves a prod­uct’s qual­ity and again brings cost down for the busi­ness. He de­bunks the myth that sus­tain­abil­ity in­creases cost and af­firms but en­ables busi­ness more than any­thing else.

Naina Lal Kid­wai, in an in­ter­view fea­tured in the magazine, also says that cor­po­rates have a key role to play in the na­tional Swachh Bharat Mis­sion. Po­lit­i­cal will teamed with pri­vate pub­lic part­ner­ships is crit­i­cal in adding mo­men­tum to it. This could range from last-mile con­nec­tiv­ity in terms of ad­vo­cacy, skill de­vel­op­ment and ca­pac­ity build­ing, ecosys­tem build­ing in­clud­ing pro­vi­sion of prod­ucts and ser­vices, to a nat­u­ral pro­gres­sion of their own busi­nesses. CSR spends and en­gage­ment by cor­po­rates is al­ready ev­i­dent in set­ting bench­marks for best prac­tice, or im­prove­ment in tech­nolo­gies and ser­vices – en­sur­ing the shift to­wards ‘sus­tain­able’ mod­els for san­i­ta­tion. She says, to take this be­yond CSR, there is a need to de­velop an ‘Ease of Do­ing Busi­ness in San­i­ta­tion’ for the pri­vate sec­tor mak­ing it eas­ier for cor­po­rates to en­gage in the space.

And to achieve sus­tain­able and in­clu­sive eco­nomic growth, trust-based work­ing part­ner­ships are needed, par­tic­u­larly between gov­ern­ments and the cor­po­ra­tions en­gaged in CSR ac­tiv­i­ties. To fa­cil­i­tate this, FICCI-Aditya Birla CSR Cen­tre for Ex­cel­lence and Vi­j­nana Bharati jointly or­ga­nized a con­fer­ence on – Pro­mot­ing Sci­en­tific in­ter­ven­tions for Trans­form­ing In­dia through CSR, which stressed on how sci­ence can be a force to reckon with in driv­ing so­cioe­co­nomic de­vel­op­ment in In­dia. On a dif­fer­ent note, a small group of com­pa­nies (start-ups and MSMEs) that have been se­lected by FICCI and are be­ing men­tored with the sup­port of the de­fence min­is­ter Nir­mala Sithara­man. As de­fence start-ups is a niche field, very few es­tab­lished ven­dors were avail­able in In­dia and there was tough com­pe­ti­tion from sup­pli­ers over­seas. This is the Lead Story of Busi­ness Di­gest this month.

FICCI or­ga­nized a con­fer­ence on ‘IBC-Ef­fec­tive Res­o­lu­tion of Stressed As­sets’ in Mum­bai. We hail the govern­ment and In­sol­vency and Bank­ruptcy Board of In­dia (IBBI) for show­ing con­sid­er­able and pos­i­tive alacrity in terms of con­stant in­ter­ac­tion with the stake­hold­ers to bring about a strong, com­pre­hen­sive and ro­bust piece of leg­is­la­tion, which re­sponds to dy­nam­ics of the sit­u­a­tion.

We also man­aged and co­or­di­nated, for the Min­istry of In­for­ma­tion & Broad­cast­ing, Govern­ment of In­dia, the In­dia Pav­il­ion at Cannes Film fes­ti­val 2018, we have cap­tured some glimpses of the event in the magazine. Fi­nally, this edition also fea­tures CEOs and po­lit­i­cal lead­ers who give their take on the World Cup win­ners.

All this and more and in this is­sue of Busi­ness Di­gest. We look for­ward to hear­ing from you.

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