Annual National Business Summit, 'Building India Inc', Successfully Concludes at DMS, IIT-D

Annual National Business Summit, 'Building India Inc', Successfully Concludes at DMS, IIT Delhi
Post-event Press-release

Department of Management Studies, IIT Delhi in association with PHD Chamber of Commerce & Industries organised its Annual National Business Summit titled "Building India Inc. 2008" on November 1-2, 2008. The summit was an attempt to bring together the

corporate and the academia to deliberate on issues and challenges facing the nation and share their experiences and views with the larger audience. Presentations were made on cross-border investments, innovation and infrastructure by academicians, thinkers, economists and industry leaders.

The two-day event was inaugurated by Prof. Dr. S. K. Jain of Department of Management Studies, IIT Delhi, who was accompanied by eminent personalities like Mr. Gurcharan Das, Author, Columnist, The Times of India, and Mr. Krishan Kalra, Secretary General, PHD Chambers of Commerce. Speaking on the occasion, Dr. S. K. Jain talked about how there has been a change over the years in the way India and Indians are perceived abroad. He shed some light on the issues facing the country like illiteracy and the need to elect the right government.

Mr. Krishan Kalra reflected that India has a long way to go before it attains the status of a super-power - for that to happen we need favourable government policies, better infrastructure, change in labour laws, and the need to impart vocational training to as many as possible. He also opined that the per capita income was a better way to measure a country's growth rather than GDP.

Mr. Gurcharan Das made a stunning remark to begin his speech. "Prosperity will spread in India but happiness will not until we fix governance," he said. He spoke at length about various issues and stressed on the importance of determination and humility as hallmarks in the making of a great manager. "Poverty can only be tackled by economic growth," was his sentiment as he advocated the brilliant growth model adopted by India which he called unique since it is 'domestic' led, based on consumption and hi-tech capital intensive making it somewhat insulated and less vulnerable.

Mr. Das also gave some growth projections and bolstered the view that India is resilient enough to come out strong from the current economic crisis. Like the two former speakers, he too stressed the importance for good governance and was sarcastic about the present state; he said, "Economy grows at night when government is asleep." He explained to the audience the drivers of India growth story and the future aspects. The inaugural session was truly enriching and gave an idea of what to expect, what to wait for!

The first session 'Cross Border Investments - Managing the Downturn' of Day 1 at Building India Inc. was an attempt to ponder over the current financial situation of the world with respect to India, and think of remedial solutions. The session boasted the presence of many distinguished guests who enlightened the audience with a plethora of diverse perspectives on the topic.

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Contributed by -
Richa Gulati,
Member, Industrial Interaction Committee,
Department of Management Studies, IIT Delhi.

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