From the Sec­re­tary Gen­eral

FICCI Business Digest - - Contents - Dilip Chenoy

We re­mem­ber and pay trib­ute to Ma­hatma Gandhi, the Fa­ther of the Na­tion, on his 150th birth an­niver­sary. He con­tin­ues to in­spire us. We would also like to con­grat­u­late Prime Min­is­ter Naren­dra Modi on re­ceiv­ing the United Na­tions high­est en­vi­ron­men­tal hon­our 'Cham­pi­ons of the Earth Award' for his pi­o­neer­ing work in cham­pi­oning the In­ter­na­tional So­lar Al­liance and his un­prece­dented pledge to elim­i­nate all sin­gle-use plas­tic in In­dia by 2022. He shares the award with Em­manuel Macron, Pres­i­dent of France.

Mean­while, it was a tri­umph of In­dian en­ter­prise and en­trepreneur­ship as star­tups from In­dia set out to gain a greater global foot­print. The indige­nous business sec­tor has been com­pared to a ‘sleep­ing gi­ant’ be­cause of the hid­den po­ten­tial ly­ing be­neath the sur­face. Their ca­pac­ity to in­no­vate and their abil­ity to cre­ate jobs is heart­en­ing. In­dian star­tups, cab-hail­ing ser­vice Ola and ho­tel brand Oyo Rooms are ven­tur­ing over­seas, con­fi­dent about their business mod­els and their abil­ity to take on global ri­vals. And, we are proud that both of them are FICCI mem­bers.

Sim­i­larly, to achieve coun­try’s growth as­pi­ra­tions, the an­nounce­ment of the flag­ship Na­tional Health Pro­tec­tion Mis­sion, un­der the Ayush­man Bharat um­brella, to cover over 10 crore poor and vul­ner­a­ble fam­i­lies, is cer­tainly a timely and much-needed trig­ger to re­form the health­care de­liv­ery in In­dia. As we move to­wards achiev­ing Uni­ver­sal Health Cov­er­age for In­dia, FICCI and NITI Aayog or­gan­ised the FICCI-HEAL 2018 with the theme ‘Health­care at Cross­roads’. We give you an over­view of the sem­i­nar in this is­sue of Business Di­gest.

Dig­i­tal­i­sa­tion has been play­ing a key role in em­pow­er­ing women. It fa­cil­i­tates ed­u­ca­tion and job train­ing and also im­proves their ac­cess to health­care and par­tic­i­pa­tion in the econ­omy and civil so­ci­ety. The FICCI Ladies Or­gan­i­sa­tion in a ses­sion on ‘Dig­i­tal Lead­er­ship & In­clu­sive Cul­ture’ on 1 Septem­ber 2018 dis­cussed more on this as­pect and what does it take for women to make their mark in top-level man­age­ment ech­e­lons.

FICCI also or­gan­ised a Spe­cial Ses­sion with Sa­jjid Chi­noy, Chief In­dia Econ­o­mist, JP Mor­gan, on 18 Septem­ber 2018. The pre­sen­ta­tion broadly fo­cused on an­swer­ing why have In­dian ex­ports slowed so pre­cip­i­tously in re­cent years. Business Di­gest high­lights the key points of the ses­sion in this is­sue.

At the 15th edi­tion of FICCI’s an­nual flag­ship Cap­i­tal Mar­ket Con­fer­ence – ‘CAPAM’, SEBI Chair­man Ajay Tyagi stressed that the over­all vi­sion for the mar­ket reg­u­la­tor should be to have big­ger, cleaner and safer mar­kets. The theme of the con­fer­ence was 'Blue­print for Cap­i­tal Mar­ket in New In­dia 2022'. He also ex­pressed great hope and op­ti­mism for In­dian cap­i­tal mar­kets in the New In­dia en­vi­sioned by the gov­ern­ment.

High­light­ing the re­cent sce­nario of jobs and skill de­vel­op­ment, FICCI and the Min­istry of Skill De­vel­op­ment & En­trepreneur­ship or­gan­ised the 11th Global Skills Sum­mit 2018. Union Min­is­ter of Petroleum & Nat­u­ral Gas and Skill De­vel­op­ment & En­trepreneur­ship, Dhar­men­dra Prad­han, at the sum­mit, called for a col­lec­tive in­tro­spec­tion on the chang­ing na­ture of job pro­files and urged those re­spon­si­ble for fash­ion­ing pub­lic pol­icy to zero in on the na­ture of fu­ture jobs and where they would be avail­able. In­ter­net, he said, was chang­ing the char­ac­ter of a work­place at a fre­netic pace, and there­fore, pol­icy shapers need to as­tutely com­pre­hend the job sce­nario.

FICCI’s Fo­rum of Parliamentarians has been or­gan­is­ing reg­u­lar out­reach and mis­sions to na­tions that have deep ties and strate­gic part­ner­ships with In­dia, to foster friendly, bi­par­ti­san ex­changes for In­dian MPs with their peers, lead­ers and opin­ion shapers in eco­nomic, po­lit­i­cal and in­tel­lec­tual do­mains. Ahead of In­dia’s elec­tion year in 2019 and United States Midterm elec­tions 2018 – per­haps as the last out­bound del­e­ga­tion from FICCI’s Fo­rum of Parliamentarians dur­ing the 16th Lok Sabha – a group of ten mem­bers of Par­lia­ment vis­ited the United States as part of the an­nual mis­sion of the In­dia-US Fo­rum of Parliamentarians. The study visit cov­ered a wide range of in­ter­ac­tions in Los An­ge­les and Wash­ing­ton DC from 9-15 Septem­ber 2018.

It has been our en­deav­our to nur­ture the spirit of en­ter­prise, and in this is­sue of Business Di­gest we have a lot to revel in.

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