Obstetrical and gynecological practices have grown exponentially over the past 200 years. There are very few Woman Gynecologists who at the initial stages in the career has dreamed of creating a world of smiling babies free from any succumb to the pressures of society. While the world changes at breakneck speed, philanthropy remains largely unchanged from a hundred years ago The identification of problems and the search for solutions tends to proceed in relative isolation, increasing the fragmentation, inefficiency, and inflexibility of many of today’s approaches to social change. Inspirational Young Woman Gynecologist Dr Sargam Soni today is a successful Gynecologist who has the fine blending of medical profession and social investing. Dr Sargam Soni is currently the Director of Dr Sargam Soni’s Gynecology & Diagnostics & founder of DEV DAAN Charitable Foundation.
Dr Sargam Soni will be receiving the coveted recognitions in a glittering award night in mumbai on Friday,4th of August 2017 at Hotel Sahara Star & wil be attended by opinion leaders, social reformers, business tycoons, media experts, bloggers, celebrities, policy makers. Last year, Dr. Manjula Anagani,a pioneer in laparoscopic surgery and a Padma Shri awardee received the coveted recognition.
Dr Sargam Soni is an internationally acclaimed eminent Gynecologist based in the commercial capital of Mumbai. She specializes in High Risk Pregnancies & Infertility treatment with a special interest in Cosmetic & Reconstructive Gynecology. She is also the Founder of DEV DAAN , the charitable foundation that takes care of approx 1400 kids (orphans, street kids) across Mumbai.Her foundation DEVDAAN is actively involved in the noble and beautiful cause of restoring vision to people by getting their Cataract surgeries with the best of lenses treated … many poor patients Retinal vein occlusion, Retinal detachment, Knee replacements also have been taken care of surgeries under DEVDAAN….other surgeries done for free for non-affording patients are Hysterectomies. She has been deworming all the kids in her vision – street kids , orphans , affording or non-affording for free … last year under the slogan -” Healthy bones ,healthy babies”, her foundation DEVDAAN has supplemented VIT D to more than 1000 kids in just 5 days. Her foundation DEVDAAN is also actively involved in girl child education… DEVDAAN also takes care of their basic medical needs of kids. She imparts free treatment to transgender and physically/mentally challenged women at her center in borivli west. She is also the Face for Cervical Cancer Awareness & Women’s Wellness in Mumbai. She has been giving talks on Red Fm & Vividhbharti on women’s wellness. She has been invited to share her expertise and knowledge by various schools and colleges & Multinational companies like TCS, Bank of America , Crimson Interactive etc. Her articles have been published in renowned magazines FEMINA & COSMOPOLITAN. She has also been a wellness mentor on panel for FEMINA BRIDAL issue 2015. She has won many accolades including Young Meritorious woman achiever , Mumbai 2014 & Young Woman of Substance 2015 for her contribution in the field of Medicine and her selfless service to the Society. Apart from her vast professional expertise she is a fitness enthusiast & has her fitness videos posted on social media. She has also been winner of Beauty Pagents like Mumbai Model hunt 2004, Miss Kutch 2004.. She has modelled for brands like Bawree & Sia.. She is trained in the dance forms of Bharatnatyam , Kathak , Salsa & Bachata. She is also trained in classical and semiclassical singing from Jaipur Gharana by her father Late Pandit Devkrishna Soni. Full of Optimism , Dr Sargam Soni is the perfect & classic example of Beauty with Brains with a fantastic Heart & Soul to match.
India Leadership Conclave is india’s the Most definitive destination of leadership gatherings of the influential leaders of the country & abroad with a focus to continuously innovate & debate ideas that are complex & important. Over the last seven editions, India Leadership conclave has emerged not only as a leadership brand but also defied the age old practices of rules & traditions that are irrelevant, Indian Affairs, the flagship media brand of Network 7 Media Group is hosting the high profile 8th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards, also known as ILC Power Brandin Mumbai on Friday,4th august 2017 at Hotel Sahara Star Mumbai, India in partnership with top govt agencies & apex trade bodies. More than 400 influential leaders of the country from politics to business, health to social & others have marked 4th august to attend. The conclave starts over a breakfast & is debating on a powerful theme “Transformation” to be addressed by the business tycoons, rebel leaders, authors, social & healthcare reformers in recent times. The day long conclave will culminate on the much awaited annual award ceremony in a glittering award night where who’s & who’s of india would be present.
The most credible annual award ceremony being rated in asia as a top destination of assembly of powerful leaders from various fields. India Leadership Conclave & Awards, over the last seven years has emerged as a hub of leadership dialogue & dissemination of ideas. Maharashtra is the state partner of this year’s annual event under the theme “Transformation”. More than 400 thought leaders of the country will be present in full attendance like previous annual ceremonies. The last two years have seen remarkable changes in India’s development paradigm. We have set forth on the Transforming India journey, with coordinated efforts by all Ministries to change the lives of citizens. India is in the spotlight globally and domestically significant steps have been taken towards social and financial inclusion to ensure holistic development of all sections of the society. The Transforming India microsite is a repository for sharing the impact of various governance initiatives with citizens in real time. This community based platform facilitates two-way communication between the Government and its people. We look forward to your continuous engagement in this journey of Transforming India.
Need Surgical Strikes on Indian Pharma & Healthcare Sector !
Pharma Leaders Power Brand Awards (PLPBA®) is a top-ranked, global healthcare Awards meant to motivate & recognize the shining stars of the Indian pharma & healthcare industry developed by Network 7 Research’s team & its team of talented researchers with a robust selection process & backed by years of Pharma Leaders experience in pioneering healthcare innovations through creative communications, initiatives & leadership drive. By leveraging the power of leadership to drive results that matter most to Pharma Leaders Professionals, Pharma Leaders Awards have been trendsetters transforming individual leaders, teams, organizations and pharma scientists. Pharma Leaders’s array of cutting-edge healthcare solutions is steeped in extensive research and experience gained from working with hundreds of thousands of leaders at all levels in different aspects of the fields. Ranked among the asia’s top healthcare leadership destination where talent meets with healthcare innovators, Pharma Leaders Power Brand Awards are much sought after healthcare titles & pharmaceutical healthcare recognitions in the industry today where conventional norms are sometimes broken to give space to budding & unsung healthcare leaders who are often seen performing tirelessly much from the media glare, under tough & challenging conditions making our country proud.
The Theme of the 9th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards is aptly coined as “India @ 70, Patient First”. In an era where companies buy companies, brands acquired, collaborations formed, revenue models restructured, leadership strategies revamped, the brand india pharma is on the sound footing today. However, Healthcare innovations is meaningless unless access & affordability to the end user, the patients!.Patient First is thus the real need of the hour where 70% of Indian population can get medicines at affordable price & insurance is covered to all & not just to few pockets.
In a country where more than 70 % of 1.3 billion populations are still deprived of basic healthcare access & insurance, I wonder how we can discuss our competence as a global power-house despite our defense capabilities. Healthcare too is a very important wing like defence & there should be no second opinion on our priorities!.It is therefore high time the present dispensation at the central government should discuss comprehensive healthcare reforms by calling a special session of parliament to pass the bill that India has been waiting over the 70 long years encompassing total healthcare benefits through a universal healthcare policy where affordable medicine & quality healthcare & access are practiced in letter & spirit rather than mere sloganeering. Prime Minister Narendra Modi has been voted to power in india after a historic elections in 2014, must understand that people of india voted decisively to the present establishment because of Modi’s reputation in good governance & people centric policy, in no way people will listen to the promises that can be made in achieving the healthcare mission in the pretext of 2019 general election if voted to power again. Since 1947, successive ruling parties at the centre have failed to deliver the long standing demands of “healthcare for all”. Indeed, we are at the threshold of historic moments in present day where we can shape the future, empower the patients through healthcare access & help building a healthy nation.
Against the backdrop of the present state of healthcare affairs of the country, Pharma Leaders, asia’s most analytical new media in healthcare communication is hosting a historic summit currently in its 9th successful annual editions under the theme “Pharma Leaders 2016 : India @70, Patient First” on Friday at Hotel Sahara Star, Mumbai, the 23rd December 2016. More than 400 leading stalwarts from the industry, veteran healthcare leaders, politicians, policy makers, social activists, change agents will gather to witness the most awaited event of the calendar year. Nation’s top leaders & companies will also be conferred with pharma leaders power brand annual awards in more than 30 specialized categories. Leading lights of the pharmaceutical & healthcare sector will address at the summit on topics of tremendous significance followed by heated panel discussions.
Access to healthcare is influenced by whether or not people have health insurance, whether there is an adequate health provider workforce, how long the travel distances are to reach providers, and whether there are language and cultural barriers, and cost. Barriers in any of these areas can result in lack of access, delays in care, higher costs and worst outcomes. People without health insurance or without a primary care provider are less likely to get timely treatment, screening and preventive services, and are more likely to use costly emergency services resulting in higher emergency room and higher hospitalization rates which are witnessed in our country. This must be addressed with utmost seriousness. Intellectual property rights (IPR), better patent protection, locking horns on compulsory licensing, stricter trademark enforcement, pricing, regulatory frameworks are some of the areas that India must give a serious look. It is high time we must set our house in order before lecturing outside. Easing of business is a big area that will open up global players to look at India safely.
Indian pharmaceutical companies have ranked low at 19th position with an overall score of 59 out of 100 among in the Biopharmaceutical Competitiveness & Investment (BCI) Survey. The total spending on healthcare is around 4 per cent of GDP, while the government spends less than 1 per cent of the GDP on health, even as the insurance penetration remains low (industry experts talk of less than 20 per cent of the population having health insurance).
The World Health Organization also ranks India at a low 112 level out of 190 countries on healthcare systems. Even countries with demographics similar to India, seem to have fared better. India, despite being armed with a domestic industry that has made the country a leading producer of low-cost medicines in the world, is still having to grapple with issues of seasonal diseases like Swine Flu, which resulted in numerous deaths despite an available vaccine. The same was the case with some region-specific and cyclic ailments like Chikungunya and Dengue. Experts point out that India still lacks a stockpiling policy on vaccines (in cases where they are available) and in cases where the vaccines are not available, there is lack of government push or a national focus to aid research in select therapy areas.
The growth story of the Indian pharma industry into a mammoth industry is an impressive one marked with numerous important turning points. These turning points have typically stemmed from the issues faced by the industry and have changed the nature and mechanisms of the industry, and to a large extent have sculpted the trends in the industry.
The Indian pharmaceutical industry is expected to be among the top 3 pharma markets by 2020 on back of incremental growth, says an Indian Brand Equity Foundation (IBEF) report. The industry, currently valued at near USD 26 billion, is expected to reach USD 55 billion in the next four years. From 2005-16, the industry has seen a growth of 17.90 percent CAGR. The market size has expanded to USD 36.7 billion in 2016 from USD 6 billion in 2005. India is the largest provider of generic drugs and has 20 percent global exports in terms of volume. In recent times, the pharmaceutical sector had taken a beating over the stricter regulatory actions from the United States Food & Drug Association (USFDA) and a subdued global economy. Indian pharma companies will need to adapt their business models, organizations and processes to align with new environments. Leading global companies have adopted multiple levers to tap emerging markets for product portfolios, sourcing or innovation. However their ability to understand these markets and drive revenue growth will be the key determinant of the extent of their investment and participation.
India has skilled workforce and competent technical expertise in comparison to its peers. India has the second largest number of USFDA approved manufacturing plant outside the US and has 2,633 FDA approved drugs. While growth opportunities for the sector are expected to rise, growing competition and entrance of new players will be a major challenge for pharmaceutical companies. The bigger players with strong financial hold too will be a concern. Also, tightening of norms by regulatory bodies will be a challenge as the companies will have to improve and remain at the top-of-their-game.
A ban on hundreds of medicines in India because of concerns over health risks has brought into focus the drastic need for tighter regulation of the country’s multibillion dollar pharmaceutical industry. India’s government recently has put a ban on the manufacture and sale of more than 340 fixed dose combination drugs, resulting in major pharmaceutical firms including Pfizer’s Indian division and Cipla taking the case to Delhi high court in an effort to overthrow the move.
India’s pharmaceutical industry is ranked third globally in terms of volume and 13th in value, accounting for 10 per cent of production worldwide, according to a report by The Associated Chambers of Commerce of India (Assocham) and Yes Bank. It says that the industry in India is expected to grow to $48 billion by the financial year between April 2017 to March 2018, expanding at a compound annual growth rate of 14 per cent.India’s pharmaceutical industry thrives on the production of cheap generic drugs, which are copies of off-patent medicines. India is estimated to produce one-fifth of generic medicines globally.
I see India as a potential pharmacy hub for the world, “If we make a few changes in the way we do and manage business in India, we can accelerate that process & confident that India could have a $300bn pharmaceutical industry by 2030.Technology will be a game changer in the manner in which healthcare services will be delivered in India. The private sector will be the major driving force behind technology adoption in the Indian healthcare segment. To optimize costs and effectively manage operations, IT solutions will become an integral part of process management, patient care and the management information system (MIS) in hospitals. With the health insurance sector poised for major growth in the coming decade, increasing demand from this sector for more efficient systems for storage and retrieval of information will put pressure on hospitals and other healthcare providers to imbibe technology to modernize existing infrastructure.
The author is Chairman & Editor-In-Chief of Pharma Leaders.
Inspiring Youth icon Sushmita Sen bags the prestigious “Eternal Beauty & Actress of the Decade” at India Leadership Conclave 2016
Bollywood actress Sushmita Sen recognized for her exceptional works in indian motion picture & trendsetter as an inspiring youth icon, a role model for the aspiring beauty queens at 7th Annual Indian Affairs India Leadership Conclave 2016
Sushmita Sen, the top Indian bollywood actress & an inspiration to today’s modern women, Sushmita Sen was the first Indian Women to win the ‘Miss Universe’ title in 1994 and known as an actress who speaks her mind and is not afraid to live life on her own terms, entertained the world with the hit pictures such as Sirf Tum and Biwi No 1, was recognised at the Indian Affairs ILC Power Brand Awards 2016 at the 7th Annual edition of India Leadership Conclave 2016 as “Eternal Beauty & Actress of the Decade”. Widely perceived by the thought leaders of the country as the ultimate & credible destination of leadership awards, the recognition of Sushmita Sen ranks the gorgeous & the former beauty queen Sushmita Sen in top achivier & brings yet another feather in the cap in her career as the actress posted the picture of the award trophy in the social media Twitter of being selected & awarded for the top honor.
Announcing the name for the prestigious award, Satya Brahma, Chairman & Editor-In-Chief of Indian Affairs, said “Sushmita has made us proud not only as a Peace Ambassador of India but to the world, someone who brought India the much desired glory & fame when she was crowned the Miss Universe & sent a strong signal to the world. It is therefore, no exaggeration to say that, It was Sushmita who became the symbol of peace & a vibrant & strong voice to dominant issues that the country & the world are facing. She made history and has been a part of that historic phase when the inspirational youth icon & beautiful actress Sushmita Sen became mesmerized the audiance with her grace, peace & humanity. Again, Sushmita made history by adopting a baby girl named Renee in 2000 at the age of 25 & in 2010 she adopted a three-month-old girl and named her Alisah, something which is rare in today’s society. To me, she is the ultimate woman.The recognition signifies the remarkable accomplishments of Sushmita as an actress who defied all odds & became the darling of the nation”.
The past recipients of the award in the Bollywood segments includes Priyanka Chopra, Rani Mukerji, Anushka Sharma, Shraddha Kapoor, Film maker late Yash Chopra. The 2016 list also saw names of Super Star Govinda, Karishma kapoor, Sanjay Leela Bhansali, Tina Ahuja, Fashion Designers Neeta Lulla & Namrata Joshipura, Jewellery designer Poonam Soni.
Sushmita was born in the Bengali-speaking Sen family on November 19, 1975 in Hyderabad, Andhra Pradesh, India. Her family consists of her dad, Shubeer, a former Indian Air Force Wing Commander; mom, Subhra, Jewelry Designer and owner of a Dubai-based store. She has two siblings, a sister named Neelam, who is married to Nauman Malik, and a brother named Rajeev. Subhra’s dad was a poet. She attended different schools in Jorhat, and Nagpur, but spend the majority of her schooling days in the Air Force Golden Jubilee Institute and Air Force Silver School in Delhi. She was regarded as a tomboy and spent most of her times with boys. Since the schools were Hindi medium, she could not speak English until she was 16 years of age. She subsequently not only mastered English, but became an English Honors student, and also obtained a degree in Journalism. Due to her place of birth she can speak Urdu flawlessly. Her first public appearance was at the Air Force Club Contest at the age of 15. She did a few fashion shows thereafter. Then during 1994 she decided to be a participant in Miss India beauty pageant, fully aware that she was being pitted against the reigning favorite, Aishwarya Rai. Sushmita took everyone by surprise when she was crowned Miss India while Aishwarya had to content with being the First Runner-up. Both beauties went on to win Miss Universe and Miss World titles respectively. Ironically the final outfit for Miss Universe for Sushmita was made by a little-known Meena Bazar tailor, and her mom.
Sushmita’s stunning win was an inspiration for other beauty queen aspirants. Soon after her win, India witnessed a sudden rise in beauty pageant winners; the green-eyed beauty Aishwarya Rai won the Miss World contest, followed by the likes of Diana Hayden (Miss World 1997), Yukta Mookhey (Miss World 1999), Lara Dutta (Miss Universe 2000), and Priyanka Chopra (Miss World 2000). As for Sen, immediately post her phenomenal win, a career in Bollywood beckoned this leggy star. She debuted on the big screen, in 1996, with the filmDastak. Although the film did not create ripples at the Box office, but Sushmita had made her presence felt.However, it was in the year 1999, in David Dhawan’s Biwi No 1, when she got a chance to act opposite Salman Khan, that Sen got noticed; she made the audience dance to the foot tapping number, Chunari Chunari. Sen’s height gave her impressive screen presence, which added to her beauty, and attractive personality. Her role in the film won her the Filmfare Best Supporting Actress award. Post Biwi No 1, a lull in her film career followed, with a series of films not faring too well. A sizzling cameo song appearance in Fiza, with the popular Mehboob Mere somewhat kept her in the reckoning.But, then came the year 2004, when her career got a much-needed lease on life, with Farah Khan’s directorial venture,Main Hoon Na, opposite superstar Shah Rukh Khan. The film was a blockbuster at the box office, and still remainsSushmita Sen’s biggest hit.Playing the role of a chemistry teacher, Sushmita did full justice to her character. The 5 feet 7 inches tall, leggy lady, with her svelte figure, had the nation swooning with her sensuous dance moves in the chartbuster, Tumhe Jo Maine Dekha, along with co-star SRK. The chemistry between the duo was crackling. No wonder then, that the success of the film was inevitable.
Top Entrepreneurs in Business & Iconic Stars in Cinema shined at India Leadership Conclave 2016 ‘s ILC Power Brand Awards 2016
India’s Global Ambitions Lie with Youth Power & Rural India & only sustainable growth with key Reforms will change the shape of indian economy stressed Satya Brahma at 7th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2016
Nation’s top business leaders & leading faces of Bollywood were felicitated at the much awaited annual edition of Network 7 Media Group’s 7th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2016 where more than 350 leaders in business, startup india, E-Commerce, social philanthropy & Cinema were in record attendance on friday 1st Jyly 2016.. Advantage India, It is now or Never was the central theme that dominated the seminar proceedings at the first half of the Conclave that dominated the brain storming sessions. India’s Global Ambitions Lie with Youth Power & Rural India & only sustainable growth with key Reforms will change the shape of indian economy Satya Brahma, chairman & Editor-In-Chief of Network 7 Media Group in his opening address. “The change of guard at the central government with a thumping & historic mandate that brought Narendra Modi government at centre brought out key economic reforms & infused confidence to the people of india post the scam-ridden UPA Regimes that pushed india to economic doldrums & grubby politics. The rise of india as a key state in world is visible as Prime Minister Narendra Modi’s attempt to popularize Brand India found a rousing response & unprecedented applause from the world leaders. The key grave areas such as Unemployment, Infrastructure, Manufacturing will continue to be challenging & historic reforms can only change the shape of India’s shape in world community” said Satya Brahma. Social Activist Mayank Gandhi in a rare interactive conversation with Satya Brahma stressed the need for Rural transformation with focus on agriculture, education & healthcare. Frustrated with political brinkmanship & cheap politics, the face of Aam Aadmi Party in Maharashtra & a former key member of national executive in aam aadmi party, Ganhi said ” One can lead the ways & change the system through social activism. Sandeep Agarwal, Founder of Shopclues & Droom delivered an inspiring presentation on “Booming Indian Start up Industry – Challenges & Opportunities’ & stressed that days of prosperity & E-Commerce boom is only p[possible through sustainable reforms & key legislations to boost startup India. Sandeep complimented the initiatives of the Modi Government & focused that growth of a systemic reforms, key legislations will further the growth of the e-commerce sector in india.Shriram Vijayakumar, CEO & MD,DaVita India presented key issues in Healthcare Delivery in India’s Missed Opportunities & Promising Future.
The Highlight of the Conclave were three brain storming panel discussions, The first Panel discussion on Disruptive Cashless Innovations in India : India’s Emerging Digital Payment Markets had top names in e-commerce field such as Mr.Probir Roy, Co- Founder & CEO, Paymate, Mr. Sandeep Agrawal, CEO & Founder, ShopClues & Droom, Mr. Anirban Poddar,Founder & CEO, ShopHop & Mr.Sudarshan Purohit,CEO & Founder,Zenify.in. Leading women entrepreneurs of india’s e-commerce space captivated the debate & were in agreement that innovation & creativity will be the key factors in success. Ms. Sanna Vohra, Founder & CEO, The Wedding Brigade, Ms.Kiran Bawa, CEO & MD, IOSIS Wellness & Spa, Ms.Suchi Pandya, CEO & Co-Founder, Pipa+Bela, Ms.Arpita Ganesh, Founder & CEO,Buttercups Bras Pvt. Ltd, Ms.Shivaarti Bajaj,Founder & CEO, Go Parties, Ms.Nilisha Bhimani, Founder & CEO,Stay Fabulous, Ms.Gunjan Soni, CMO & Head of International Brands, Myntra & Ms.Minnat Lalpuria Rao,Founder & CEO,7Vachan were part of the debate. Politics, Economic Development and Social Change in India panel debate had leading faces of recent times such as Ms.Nisha JamVwal, Celebrity Columnist & Luxury Brand Consultant, Dr. Debraj Shome, Facial Plastic Surgeon, Mr. Mayank Gandhi, Social Activist,Ms. Kunickaa Sadanand, Actor, Producer & Social Activist Ms. Kanika Mishra, Cartoonist & Huzaifa Khorakiwal of Wockhardt.
Top Entrepreneurs in Business & Iconic Stars in Cinema shined at India Leadership Conclave 2016 ‘s ILC Power Brand Awards 2016. The much awaited 7th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2016 were presented to top leaders of the country. Dr. Lalit S. Kanodia, the founder and Chairman of Datamatics Group of Companies & Mrs. Sandra Rajnikant Shroff of United Phosphorus Limited were the Chief Guest of the Program & felicitated the awards to the winners.
Here are the complete list of Award Winners :
Indian Affairs Jewellery Designer of Innovations Creativity 2016
Business Woman of the year 2016
Founder, CEO and Design Head, Vu Televisions
Indian Affairs Most Valuable Luxury Hotel by Customer Experience
The Chancery Pavilion
Indian Affairs Most Promising & Valuable Luxury Smart TV
Indian Affairs New Age Woman in Innovations & Creativity 2016
Ms.Nina Lekhi,Founder & CEO, Baggit
Indian Affairs Impact Innovations in Interior Designing 2016
Ms.Sabnam Gupta, Founder, The Orange Lane
Indian Affairs CEO of the year 2016
Mr. Shshank Joshi,CEO & Managing Director,My Mobile Payments Limited
Indian Affairs Most Valuable & Trusted Mobile Wallet 2016
Money on Mobile
Innovative Woman CEO of the year 2016
Ms.Reshma Merchant & Ms. Priyanka Kaul Lakdawala,Co-Founder,House of Milk
Innovative Woman CEO of the year 2016
Ms. Deepika Arora, Regional Vice President (Eurasia),Wyndham Hotel Group
Indian Affairs Infrastructure Company of the year 2016
Indian Affairs Dynamic Women Entrepreneur of the year 2016
Ms.Kiran Bawa, CEO & MD,Iosis Wellness & Spa
Indian Affairs Indian Affairs Innovative Leader in Digital Entrepreneurship ( Male)
Indian Affairs Best Managed sustainable water use and management NGO 2016
India’s Most Promising Face in Jewellery Designing 2016
Outstanding Contribution to Yoga Practice & Counseling
Ms.Shelly Khera,CEO & Founder, Slim Sutra
Emerging Talent & Debut Actress of Indian Cinema 2016
Indian Affairs India’s Most Promising Yoga & Nutritionist Expert 2016
Indian Affairs millennium business leader in homeopathy medicine 2016
Dr.Mukesh Batra, Chairman, Dr.Batras
Peace Leader of the year 2016
Dr.Huzaifa Khorakiwala,CEO,Wockhardt Foundation
New Age Woman Leader in Wedding Planning 2016
Ms. Saana Vohra,Founder & CEO,The Wedding Brigade
Jury’s Choice for Best Acne Treatment Product 2016
Accura (Adriot Biomed Limited)
India’s Most Promising Fashion Designer 2016
Game Changer Entrepreneur of the year 2016
Mr. Ashish Goel, Founder & CEO, Urban Ladder.
Eternal Beauty & Actress of the Decade
Jury’s Choice for Best Columnist Award 2016
Ms. Nisha Jamvwal
About India Leadership Conclave & Awards
Rated by Experts & widely acclaimed by thought leaders, India Leadership Conclave Annual Affair is just not a leadership forum, it symbolizes the hopes & aspirations of the billion people reflected by the speakers at the forum over the last five editions. “ILC POWER BRANDS”has been rated in Asia as the most credible & coveted Awards developed by Network 7 Media Group consisting of eminent jury members of the different verticals of the society & is conferred to the Individuals & Companies in its annual meet at the Indian affairs India Leadership Conclave & Indian Affairs Business Leadership Awards. since the institutionalization of the Business Leadership Awards in 2010, India Leadership Conclave & Indian Affairs Business Leadership Awards has been India’s most awaited &Asia’s most respected set of Awards conferred to Companies & Individuals who have made their mark through their remarkable performances despite all odds & has made India Proud!. Since the last five successful years, the platform has recognized, felicitated more than 300 fortune 500 Companies & towering captains & Leaders of the Country. Widely perceived by Asia as a centre point of discussion, India Leadership Conclave platform too has witnessed deliberation by top business tycoons, politicians, Bureaucrats, Social Reformers etc. Indian Affairs Business Leadership Awards also known as ILC power Brands are set of credible, prestigious awards developed by the eminent Juries & bestowed to the deserving Leaders & Enterprises after a through screening of their landmark achievements for their significant accomplishments in their own fields who have performed under tough conditions imbibing innovation in their business approach. Indian is known in the industry to break rules & give prominence to the hidden talents, big or small as we believe that top leaders should not always be given importance. It is mix of experience, innovation & risk taking abilities that drive our nomination process. The prestigious & coveted Awards were presented in a glittering award ceremony with a full house power packed audience to felicitate &honour the Leaders who made india proud, each time they performed in their field, Indian Affairs watched them closely & did not let it pass as their name appeared as top contenders & were put to public votings& are declared winners
Since its inception in 2000, India Leadership Conclave & Indian Affairs Business Leadership Awards also known as ILC POWER BRAND is asia’s most eagerly awaited prestigious meeting points where leaders across the society gather to speak, set the agenda into motion. Nelson Mandela, Hillary Clinton, Ratan Tata, Yash Chopra, Shobhaa De are among the very few names associated with the title. Historically the past editions has been high voltage debate-centric & are successfully organized with the media & analysts describing the multi-faceted significance of the event.
At India Leadership Conclave’s ILC Power Brand Awards are the most awaited, credible & prestigious titles conferred to top performers & achievers for bringing a transformational changes in their respective fields while others could not dare to risk & venture into. Indian Affairs Business Leadership Awards also repackaged as ILC Power Brands signifies the importance of a winner whose persistent initiatives in making a change in style, approach & leadership are recognized by the eminent jury members of the Network 7 Media Group. While individual accomplishments in innovation, leadership drive & sustained campaign has driven & impressed the voters in india to chose the top leaders, corporate houses, social organizations, educational institutions & public service firms are selected based on a meticulous selection process & methodology involving the stakeholders, public at large & industry experts. The real thrust is focused on abilities to stay unafraid amidst the uncertain times & unleashing the challenges to make india proud. Indian Affairs Award Winners are those leaders who have a story to tell you of their road to success.
t is now the world’s fastest growing large economy. The International Monetary Fund (IMF) estimates that India surpassed China’s domestic growth last year for the first time and will expand 7.4 percent this year compared with China’s 6.5 percent. By 2018, the IMF predicts that gap will widen as Indian expansion hits 7.6 percent while China slows to 6 percent. (The other two large emerging markets — Brazil and Russia — are struggling with less than 1 percent annual growth predicted through 2020.)
India has a young, hard-working labor force with favorable demographics — its average age is 27 compared with China’s 37, our 38, Europe’s 43 and Japan’s 46. Last year, world No. 1 China’s population was 1.37 billion, 90 million more than runner-up India’s 1.28 billion.
Given India’s annual population growth of 1.41 percent compared to China’s 0.51 percent, it be the world’s largest country by 2030.
At least a decade or more behind China, “India’s consumption lifecycle is still in its infancy, and there is massive potential to grow rapidly. Also on track is the revival of the manufacturing sector, which would support sustainable growth and job creation.” (EGA Investment Strategy Commentary, April 2016, p. 1).
India lags far behind China because it wasted nearly 50 years after gaining independence from Great Britain in 1946. Its first leader after independence, Jawaharial Nehru, and later, his daughter Indira Gandhi, were committed socialists who supported tariffs to limit foreign trade. It wasn’t until the mid 1990s that India began to open up its economy. The Chinese began their switch to promoting capitalistic growth much earlier, in 1979.
However, India did not have a leader committed to cutting government regulations and reducing its deficit until Modi was elected prime minister two years ago. His overwhelming win propelled the top India 50 stock ETF (PIN) to a 33 percent gain in 2014, However, Modi has struggled to overcome the entrenched Indian bureaucracy and political opposition in Parliament. Last year, India’s top 50 stocks lost 8 percent and have only gained 1 percent this year through May 31.
Amazon has invested $2 billion in India and just announced it would commit $3 billion more to expand its presence there. Indian consumers are just beginning to embrace internet shopping. The World Bank estimates that Indian online retail sales will grow from $6 billion last year to $70 billion by 2020.
The robust headline number, despite faltering private investment, weak capital goods growth and shrinking exports, has reinforced expectations that the RBI would keep its policy rate on hold at its next quarterly review next Tuesday. The central bank has already cut its policy repo rate by 150 basis points since January 2015, reducing it to 6.5 per cent — the lowest level in more than five years.
The strong 7.9 per cent growth in the fourth quarter comes at a time when China has reported a 6.7 per cent in the March quarter — its slowest growth in about seven years.India’s poor infrastructure has limited the growth of manufacturing and value-added agriculture. Its 2016-2017 government budget projects a huge 22.5 percent spending increase on total infrastructure investment. (Almost all U.S. economists support significant increased government infrastructure spending, but, as usual, the Washington politicians can’t agree.).
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With India now acknowledged as the fastest growing large economy in the world and also edging up in the World Bank’s ease of doing business rankings, the time is ripe for the country to open its doors wider to Foreign Direct Investment (FDI). This is exactly what the Centre has done by raising FDI caps in some sectors (airlines from 49 to 100 per cent), sweeping others entirely into the automatic route (cable TV, brownfield airports) and diluting preconditions for sectors with restrictions (relaxation of sourcing norms in single-brand retail and technology norms for defence). FDI is stickier and more resilient to business cycles than mercurial Foreign Portfolio Investor (FPI) flows. At a time when the private sector has a limited appetite to invest and when the government is tied down by fiscal constraints, India needs to seek out foreign capital to keep its growth engines purring. That foreign investors are interested in India is evident: there has been a 23 per cent surge in inbound FDI, which touched a record $55.5 billion in 2015-16.
Even so, it is simplistic to assume that merely opening up more sectors or setting more liberal equity caps will have foreign investors queuing up to invest. India’s experience suggests that actual investment interest in the newly liberalised sectors will be tied to three factors. One, foreign investors, like domestic ones, are ROI (Return on Investment) focussed. Therefore, sectors that are already witnessing booming consumer demand — such as DTH television, airlines and pharmaceuticals — are more likely to attract quick investment flows than those that are in need of bailouts (asset reconstruction firms) or entail long gestation periods (airports or defence). Two, even if the Centre is willing to reduce initial entry barriers, frequent market or pricing interventions can deter investors. The Centre seems to have recognised this in watering down the sourcing norms for FDI in single-brand retail. But its attempts to woo FDI into pharma may be stymied by increasing price controls and the lack of clarity in the policy on essential drugs. Three, the experience with sectors such as insurance suggests that foreign investors committing long-term capital expect to exercise control over the entities they fund. Overall, there is no disputing that the FDI relaxations, irrespective of whether they were timed to signal the Centre’s commitment to reforms in the face of RBI Governor Raghuram Rajan’s exit in September, are a step in the right direction. But as we have learnt from the past, the devil is usually in the detail.
While the economy is still hampered by the country’s infrastructure deficiencies and sprawling bureaucracy, the changes represent a greater shift away from the socialist and protectionist policies of India’s modern post-independence history. The new rules will allow foreign investors to establish 100 percent ownership in companies involved in defense, civil aviation and food products, although with government approval.
Foreign investors will also be permitted to buy up to 74 percent of Indian pharmaceutical companies without seeking government approval. The government similarly relaxed regulations that had made it difficult for companies like Apple and Ikea to establish retail operations in India.
The election of Prime Minister Narendra Modi in 2014 was widely expected to lead to more market-friendly policies, which he had championed in his years as the chief minister of the state of Gujarat.
The delay in bringing them about had led to widespread criticism that Mr. Modi was not moving fast enough to stimulate the economy.India’s latest reports on job creation may have tipped the scales in favor of further economic liberalization, some experts said. Domestic data showed weak employment numbers in the last quarter of 2015 in jewelry, automobiles and information technology, compared with a year earlier.
The timing of his announcement was almost certainly aimed at reassuring international markets. The rules were rolled out just two days after the surprise resignation of the widely respected chairman of the central bank, Raghuram G. Rajan, whose departure has prompted uncertainty about the government’s reform plans.”Modi needed to send some signals to show government is bringing in economic reforms and they will happen with or without Rajan,” said Harsh V. Pant, a professor of international relations at King’s College in London. “The government is trying to recapture its mojo on the economic front.”
Mr. Rajan, a popular figure among foreign investors, had enhanced India’s standing in international markets. But he had become controversial domestically, in part because of his crackdown on the debt-strapped banking industry and because critics wanted him to lower interest rates faster to stimulate domestic growth. His announcement that he would leave his job as governor of the central bank implied that he was moved at least in part by the preferences of the government of Mr. Modi.
India began life as an independent country in 1947 with a heavily controlled, protectionist economy. It changed course in 1991 when a balance-of-payments crisis forced the government to loosen its controls on industry and reduce barriers to imports, among other things.
Those changes are credited with spurring India’s transformation into the fastest-growing large economy in the world. But its growth rate of 7.6 percent is too slow to provide jobs for the one million people entering the work force each month. The previous government, and Mr. Modi’s, had promised further liberalization.
Mr. Modi has struggled to enact the major changes he promised, such as making it easier for companies to acquire land, because his party does not control the upper house of Parliament. Monday’s policy shifts required only the approval of his top administration.
The latest changes in foreign direct investment (FDI) norms in India have made entry and control of foreign investors in a lot of sectors easier. Defence and civil aviation have been opened to 100% FDI under the government approval route (the FDI limit was 49% in airlines before). Many other sectors have been allowed 100% (or near 100%) FDI with government approval or through the automatic approval route. These include animal husbandry, trading of food products produced in India (including through e-commerce), private security services and broadcasting carriage services (such as DTH, cable networks and mobile TV). Up to 74% FDI (against the previous 49%) in brownfield pharmaceutical industry projects will no longer require government approval. Brownfield airports too have been brought under the automatic approval route.
The condition of access to state-of-the-art technology in India has been removed in defence. In addition, for single-brand retail trading companies undertaking business with state-of-the-art technology, the restriction of sourcing up to a certain percentage of inputs locally has been totally relaxed for three years, followed by a partial relaxation for another five years – a favour granted apparently on Apple’s appeal.
The stated objective of 100% FDI and other relaxations is to promote employment and improve infrastructure, along with greater FDI inflows and the ease of doing business in India. An official statement said that with most sectors coming under the automatic approval route, India is now the most open economy in the world for FDI.
Why this move will hurt India’s interests
While the latest FDI policy change will certainly boost FDI inflows and increase the ease of doing business in India, it is doubtful whether it will promote other more important socio-economic objectives. On the contrary, it might hurt them. Here are some of the major impacts.
Domestic economy, employment and economic security of people: Rather than promoting employment, these FDI relaxations might accelerate the ongoing trend of jobless growth and rising inequality. With 100% FDI owned commercial entities, a much greater share of returns on investments will go outside India, decided based on business preferences of foreign owners. Therefore, multiplier effects of financial returns on the economy and employment will be limited. Relaxation of local sourcing restrictions will further add to the dampening of multiplier effects.
Infrastructure: It is inexplicable why infrastructure cannot be improved without FDI relaxation. India’s infrastructure in major sectors including civil aviation and broadcasting services has already been witnessing substantial investments, growth and modernisation. There are several Indian firms, both public and private, which have demonstrated a long experience of building facilities and networks with modern technology and systems, through either sole ownership or joint ventures. In infrastructure requiring the latest technology, growth could easily have continued through joint venture mechanisms.
Agricultural economy and families dependent on it: Hundred percent FDI in animal husbandry, retail and trading of food products might lead to greater consolidation and control of farmland and other agricultural assets in the hands of large corporations. This will make a majority of small farmers and farm-dependent families more vulnerable and accelerate distress migration to cities. Alternately, the policy change should have been directed at improving economic security and technological skills of small farmers and farmers’ cooperatives.
Small manufacturing and services industries: Relaxation of local sourcing norms for state-of-the-art technology based retail trading companies will subdue opportunities for suppliers to increase their business and upgrade technology skills. Small industries, most of which are suppliers to larger firms, constitute an overwhelming majority of India’s industrial base. A policy that goes against their interest is therefore detrimental to the ‘Make in India’ agenda.
Manufacturing and services industries where Indian firms have already demonstrated near world-class competence: There are industries where some Indian firms have proven high competency in technology and management. These include existing parts suppliers in the defence industry. They also include parts suppliers in the automotive industry, several of whom have the ability to upgrade and potentially supply to defence and civil aviation sectors. Additionally, raw material as well as finished product manufacturers in pharmaceuticals and a lot of retail industries have vast experience of selling high quality products and services. Airlines services and airport projects in India too have established domestic players with track records of efficient and high quality performance in services and projects involving complex operations and technology. Similarly, there are routine service industries, such as private security, that have witnessed the emergence of domestic firms with professional work standards and management systems. And there is reasonable domestic competition in these industries. The Indian pharmaceutical industry is known for reverse engineering, efficient operations and technological skills and is a major supplier of affordable medicines to many third world countries. In this scenario, what substantial benefit will 100% FDI bring? Instead, the effort should be to equip well-performing domestic firms to become globally competitive and increase their exports. That will boost the economy and employment, and upgrade technological skills.
Domestic R&D and manufacturing capability in state-of-the-art technology areas: Removal of the condition of access to state-of-the-art technology in India in the defence sector and waiver of the minimum local sourcing condition in single-brand retail with state-of-the-art technology has directly hurt the opportunities for building those higher-end capabilities among Indian industries and entrepreneurs. Rather than allowing foreign companies to bypass domestic suppliers while doing business in India, they must be asked to integrate domestic manufacturers and service providers within their supply chains so that they contribute directly to building India’s economy as well as technological competence. Achieving higher value and creating capability through technology and innovation must be as important a goal for India’s economy as universal employment generation. Unfortunately, both have been side-stepped.
FDI should support and be subservient to, rather than dictate, socio-economic development
A deeper concern is that our developmental priorities, as reflected in drastic FDI relaxations, appear fundamentally misplaced. While ‘ease of doing business’ is a desirable thing, in India’s case it is being promoted at the expense of other more important national objectives such as employment; survival and skill upgradation of agricultural and small manufacturing economies and families dependent on them; expanding on existing domestic capacities in those industries where Indian firms have already demonstrated competence; and development of domestic R&D and manufacturing capability in state-of-the-art technology areas. FDI should be subservient to, and support, these more important socio-economic goals. The ongoing development policy, by promoting FDI at the expense of these goals, is in fact really not for development.
By and large, democracies with high income and low social strife are the ones which have opened their economies to foreign capital in a major way only after achieving a reasonable degree of domestic economic stability, industrial technological competence and overall prosperity. Opening a large economy to foreign investments without either adequate checks or having a strong domestic economy of suppliers, markets and technological capability is akin to fattening a person by injecting drugs. It is a short cut to growth, but one which will yield an economy that is inherently weak and vulnerable. It is also likely to produce a society beset with economic fault-lines that constantly trigger social conflicts – a phenomenon that might intensify beyond the levels we have witnessed in the past.
Gender inequality may have reduced the country’s economic growth, poor infrastructure, corruption, antiquated labor laws – may become easier to tackle than pervasive gender inequality
Imagine a country where the most powerful political figure, two billionaires ,three of the most dominant regional politicians, several prominent CEOs, andhalf of local government representatives are women. Now imagine that, in that same country, one-third of adult women are illiterate, spousal rape is not illegal, and sex-selective abortion and female infanticide are still widely practiced.
It may be hard to reconcile these two realities, but modern India somehow manages to be, at the same time, the land of Indira Gandhi and Mother Theresa and of child brides and dowry deaths.
There are, of course, strong normative and humanitarian reasons to guarantee full gender equality and sufficient legal protection for women in India, as elsewhere. But the economic and political consequences – the material costs – of gender discrimination are often overlooked.
Women thus constitute just a quarter of India’s 473 million strong workforce, although as the journalist Rupa Subramanya notes, that does not count the substantial, if immeasurable, contributions they make in the domestic realm. True parity in terms of employment – the addition of about 203 million women to the Indian workforce, given sufficient demand for such labor – would boost the economy by roughly $900 billion, assuming consistent levels of productivity. Under those circumstances, India’s average annual growth over the past decade could have been 11.6 percent instead of 7.7 percent. Women’s inequality may, in other words, have cost India’s economy almost 4 percent of annual growth over the past 10 years.
The consequences have been immense. Naturally, the most important result of a divergent outcome would have been the enormous social and economic benefits for over a half billion women. India’s evolution into a middle-income country could also have been more easily assured. Politically, this would also have granted India much more international leverage: it would have become a more attractive destination for global investment, and comparisons with China’s magnificent growth would perhaps have seemed less far-fetched.
Beyond cultural norms and the absence of mandated family planning, a few factors have contributed to India’s inability to increase women’s employment. While the country has made admirable gains in improving some aspects of welfare – life expectancy, for example, has risen dramatically – and may even beahead of the curve in terms of women’s political empowerment, education remains a challenge.
The ratio of female to male enrollment in primary education is effectively equal, and females constitute some 48 percent of secondary school students. However, in terms of higher education, the numbers diverge sharply: just 42 percent of Indian college students are female. Education, along with fertility, has a direct impact on changing cultural norms. Women are also disproportionally disadvantaged by a lack of opportunity in the manufacturing sector, with the vast majority still employed in agricultural pursuits. And India’s labor laws protect existing workers -primarily men – at the expense of aspiring ones, which include most women. Manish Sabharwal, an Indian human resource entrepreneur, says that this may explain why an estimated 97 percent of working women have jobs in the informal sector.
The government has taken some well-meaning, if controversial, steps to advance the positions of women, such as the recent decision to develop an all-women’s bank. But to really overcome gender inequality, India will require changes to its society that are more than cosmetic.
Mr. Speaker, Mr. Vice President, Distinguished Members of the U.S. Congress Ladies and Gentlemen.
I am deeply honoured by the invitation to address this Joint Meeting of the U.S. Congress.
Thank you, Mr. Speaker for opening the doors of this magnificent Capitol.
This temple of democracy has encouraged and empowered other democracies the world over.
It manifests the spirit of this great nation, which in Abraham Lincoln’s words, “was conceived in liberty and dedicated to the proposition that all men are created equal.”
In granting me this opportunity, you have honoured the world’s largest democracy and its 1.25 billion people.
As a representative of world’s largest democracy, it is indeed a privilege to speak to the leaders of its oldest.
Two days ago, I began my visit by going to the Arlington National Cemetery -the final resting place of many brave soldiers of this great land.
I honoured their courage and sacrifice for the ideals of freedom and democracy.
It was also the seventy-second Anniversary of the D-Day.
On that day, thousands from this great country fought to protect the torch of liberty on the remote shores of a land that they did not know.
They sacrificed their lives so that the world lives in freedom.
I applaud …India applauds, the great sacrifices of the men and women from ‘The Land of the Free and the Home of the Brave’ in service of mankind.
India knows what this means because our soldiers too have fallen in distant battlefields for the same ideals.
That is why the threads of freedom and liberty form a strong bond between our two democracies.
Our nations may have been shaped by differing histories, cultures, and faiths.
Yet, our belief in democracy for our nations and liberty for our countrymen is common.
The idea that all citizens are created equal is a central pillar of the American constitution.
Our founding fathers too shared the same belief and sought individual liberty for every citizen of India.
There were many who doubted India when, as a newly independent nation, we reposed our faith in democracy.
Indeed, wagers were made on our failure.
But, the people of India did not waver.
Our founders created a modern nation with freedom, democracy, and equality as the essence of its soul.
And, in doing so, they ensured that we continued to celebrate our age old diversity.
Today, across its streets and institutions, in its villages and cities, anchored in equal respect for all faiths; and in the melody of hundreds of its languages and dialects.
India lives as one; India grows as one; India celebrates as one.
Modern India is in its 70th year.
For my government, the Constitution is its real holy book.
And, in that holy book, freedom of faith, speech and franchise, and equality of all citizens, regardless of background, are enshrined as fundamental rights.
800 million of my countrymen may exercise the freedom of franchise once every five years.
But, all the 1.25 billion of our citizens have freedom from fear, a freedom they exercise every moment of their lives.
Engagement between our democracies has been visible in the manner in which our thinkers impacted one another, and shaped the course of our societies.
Thoreau’s idea of civil disobedience influenced our political thoughts.
And, similarly the call by the great sage of India Swami Vivekananda to embrace humanity was most famously delivered in Chicago.
Gandhi’s non-violence inspired the heroism of Martin Luther King.
Today, a mere distance of 3 miles separates the Martin Luther King memorial at Tidal Basin from the statue of Gandhi at Massachusetts Avenue.
This proximity of their memorials in Washington mirrors the closeness of ideals and values they believed in.
The genius of Dr. B.R. Ambedkar was nurtured in the years he spent at the Columbia University a century ago.
The impact of the U.S. constitution on him was reflected in his drafting of the Indian constitution some three decades later.
Our independence was ignited by the same idealism that fuelled your struggle for freedom.
No wonder then that former Prime Minister of India Atal Bihari Vajpayee called India and the U.S. ‘natural allies’.
No wonder that the shared ideals and common philosophy of freedom shaped the bedrock of our ties.
No wonder then, that President Obama has called our ties the defining partnership of the 21st century.
More than fifteen years ago, Prime Minister of India, Atal Bihari Vajpayee stood here and gave a call to step out of the ‘shadow of hesitation’ of the past.
The pages of our friendship since then tell a remarkable story.
Today, our relationship has overcome the hesitations of history.
Comfort, candour and convergence define our conversations.
Through the cycle of elections and transitions of Administrations the intensity of our engagements has only grown.
And, in this exciting journey, the U.S. Congress has acted as its compass.
You helped us turn barriers into bridges of partnership.
In the fall of 2008, when the Congress passed the India-U.S. Civil Nuclear Cooperation Agreement, it changed the very colours of leaves of our relationship.
We thank you for being there when the partnership needed you the most.
You have also stood by us in times of sorrow.
India will never forget the solidarity shown by the U.S. Congress when terrorists from across our border attacked Mumbai in November of 2008.
And for this, we are grateful.
I am informed that the working of the U.S. Congress is harmonious.
I am also told that you are well-known for your bipartisanship.
Well, you are not alone.
Time and again, I have also witnessed a similar spirit in the Indian Parliament, especially in our Upper House.
So, as you can see, we have many shared practices.
As this country knows well, every journey has its pioneers.
Very early on, they shaped a development partnership even when the meeting ground was more limited.
The genius of Norman Borlaug brought the Green Revolution and food security to India.
The excellence of the American Universities nurtured Institutes of Technology and Management in India.
And, I could go on.
Fast forward to today.
The embrace of our partnership extends to the entirety of human endeavour-from the depths of the oceans to the vastness of the space.
Our S&T collaboration continues to helps us in cracking the age-old problems in the fields of public health, education, food, and agriculture.
Ties of commerce and investment are flourishing. We trade more with the U.S. than with any other nation.
And, the flow of goods, services and capital between us generates jobs in both our societies.
As in trade, so in defence. India exercises with the United States more than we do with any other partner. Defence purchases have moved from almost zero to ten billion dollars in less than a decade.
Our cooperation also secures our cities and citizens from terrorists, and protects our critical infrastructure from cyber threats.
Civil Nuclear Cooperation, as I told President Obama yesterday, is a reality.
Our people to people links are strong; and there is close cultural connect between our societies.
SIRI tells us that India’s ancient heritage of Yoga has over 30 million practitioners in the U.S..
It is estimated that more Americans bend for yoga than to throw a curve ball.
And, no Mr. Speaker, we have not yet claimed intellectual property right on Yoga.
Connecting our two nations is also a unique and dynamic bridge of three million Indian Americans.
Today, they are among your best CEOs; academics; astronauts; scientists; economists; doctors; even spelling bee champions.
They are your strength. They are also the pride of India. They symbolize the best of both our societies.
My understanding of your great country began long before I entered public office.
Long before assuming office, I travelled coast to coast, covering more than 25 States of America.
I realized then that the real strength of the U.S. was in the dreams of its people and the boldness of their ambitions.
Today, Mr. Speaker, a similar spirit animates India.
Our 800 million youth, especially, are particularly impatient.
India is undergoing a profound social and economic change.
A billion of its citizens are already politically empowered.
My dream is to economically empower them through many social and economic transformations.
And, do so by 2022, the seventy-fifth anniversary of India’s independence.
My to-do list is long and ambitious. But you will understand.
· A vibrant rural economy with robust farm sector;
· A roof over each head and electricity to all households;
· To skill millions of our youth;
· Build 100 smart cities;
· Have a broad band for a billion, and connect our villages to the digital world;
· And create a twenty-first century rail, road and port infrastructure.
These are not just aspirations; they are goals to be reached in a finite time-frame.
And, to be achieved with a light carbon foot print, with greater emphasis on renewables.
In every sector of India’s forward march, I see the U.S. as an indispensable partner.
Many of you also believe that a stronger and prosperous India is in America’s strategic interest.
Let us work together to convert shared ideals into practical cooperation.
There can be no doubt that in advancing this relationship, both nations stand to gain in great measure.
As the U.S. businesses search for new areas of economic growth, markets for their goods, a pool of skilled resources, and global locations to produce and manufacture, India could be their ideal partner.
India’s strong economy, and growth rate of 7.6% per annum, is creating new opportunities for our mutual prosperity.
Transformative American technologies in India and growing investment by Indian companies in the United States both have a positive impact on the lives of our citizens.
Today, for their global research and development centres, India is the destination of choice for the U.S. companies.
Looking eastward from India, across the Pacific, the innovation strength of our two countries comes together in California.
Here, the innovative genius of America and India’s intellectual creativity are working to shape new industries of the future.
The 21st century has brought with it great opportunities.
But, it also comes with its own set of challenges.
Inter-dependence is increasing.
But, while some parts of the world are islands of growing economic prosperity; other are mired in conflicts.
In Asia, the absence of an agreed security architecture creates uncertainty.
Threats of terror are expanding, and new challenges are emerging in cyber and outer-space.
And, global institutions conceived in 20th century, seem unable to cope with new challenges or take on new responsibilities.
In this world full of multiple transitions and economic opportunities; growing uncertainties and political complexities; existing threats and new challenges; our engagement can make a difference by promoting:
· Cooperation not dominance;
· Connectivity not isolation;
· Respect for Global Commons;
· inclusive not exclusive mechanisms; and above all
· adherence to international rules and norms.
India is already assuming her responsibilities in securing the Indian Ocean region.
A strong India-U.S. partnership can anchor peace, prosperity and stability from Asia to Africa and from Indian Ocean to the Pacific.
It can also help ensure security of the sea lanes of commerce and freedom of navigation on seas.
But, the effectiveness of our cooperation would increase if international institutions framed with the mindset of the 20th century were to reflect the realities of today.
Before arriving in Washington D.C., I had visited Herat in Western Afghanistan to inaugurate Afghan-India Friendship Dam, a 42 MW hydro-electric project built with Indian assistance.
I was also there on the Christmas day last year to dedicate to that proud nation its Parliament, a testimony to our democratic ties.
Afghans naturally recognize that the sacrifices of American have helped create a better life.
But, your contribution in keeping the region safe and secure is deeply appreciated even beyond.
India too has made an enormous contribution and sacrifices to support our friendship with Afghan people.
A commitment to rebuild a peaceful, and stable and prosperous Afghanistan our shared objective.
Yet, Distinguished Members, not just in Afghanistan, but elsewhere in South Asia, and globally, terrorism remains the biggest threat.
In the territory stretching from West of India’s border to Africa, it may go by different names, from Laskhar-e-Taiba, to Taliban to ISIS.
But, it’s philosophy is common: of hate, murder and violence.
Although it’s shadow is spreading across the world, it is incubated in India’s neighbourhood.
I commend the members of the U.S. Congress for sending a clear message to those who preach and practice terrorism for political gains.
Refusing to reward them is the first step towards holding them accountable for their actions.
The fight against terrorism has to be fought at many levels.
And, the traditional tools of military, intelligence or diplomacy alone would not be able to win this fight.
We have both lost civilians and soldiers in combating it.
The need of the hour is for us to deepen our security cooperation.
And, base it on a policy:
· that isolates those who harbour, support and sponsor terrorists;
· that does not distinguish between “good” and “bad” terrorists; and that delinks religion from terrorism.
Also, for us to succeed, those who believe in humanity must come together to fight for it as one, and speak against this menace in one voice.
Terrorism must be delegitimized.
The benefits of our partnership extend not just to the nations and regions that need it most.
On our own, and by combining our capacities, we are also responding to other global challenges including when disaster strikes and where humanitarian relief is needed.
Far from our shores, we evacuated thousands from Yemen, Indians, Americans and others.
Nearer home, we were the first responders during Nepal’s earthquake, in the Maldives water crisis and most recently during landslide in Sri Lanka.
We are also one of the largest contributors of troops to UN Peace Keeping Operations.
Often, India and the U.S. have combined their strengths in science, technology and innovation to help fight hunger, poverty, diseases and illiteracy in different parts of the world.
The success of our partnership is also opening up new opportunities for learning, security and development from Asia to Africa.
And, the protection of environment and caring for the planet is central to our shared vision of a just world.
For us in India, to live in harmony with mother earth is part of our ancient belief.
And, to take from nature only what is most essential is part of our civilizational ethos.
Our partnership, therefore, aims to balance responsibilities with capabilities.
And, it also focuses on new ways to increase the availability and use of renewable energy.
A strong U.S. support for our initiative to form an International Solar Alliance is one such effort.
We are working together not just for a better future for ourselves, but for the whole world.
This has also been the goal of our efforts in G-20, East Asia Summit and Climate Change summits.
Mr. Speaker and Distinguished Members
As we deepen our partnership, there would be times when we would have differing perspectives.
But, since our interests and concerns converge, the autonomy in decision making and diversity in our perspectives can only add value to our partnership.
So, as we embark on a new journey, and seek new goals, let us focus not just on matters routine but transformational ideas.
Ideas which can focus:
· Not just on creating wealth but also creating value for our societies;
· Not just on immediate gains but also long term benefits;
· Not just on sharing best practices but also shaping partnerships; and
· Not just on building a bright future for our peoples, but in being a bridge to a more united, humane and prosperous world.
And, important for the success of this journey would be a need to view it with new eyes and new sensitivities.
When we do this, we will realise the full promise of this extraordinary relationship.
My final thoughts and words would reiterate that our relationship is primed for a momentous future.
The constraints of the past are behind us and foundations of the future are firmly in place.
In the lines of Walt Whitman,
“The Orchestra have sufficiently tuned their instruments, the baton has given the signal.”
And to that, if I might add, there is a new symphony in play.
Thank you Mr. Speaker and Distinguished members for this honour.
Thank you very much.
I strongly believe that India has a lot of latent entrepreneurial energy, which needs to be harnessed so that we become a nation of job givers, more than job seekers.
The NDA Government is focused on giving a boost to entrepreneurship. The ‘Make in India’ initiative is based on four pillars to boost entrepreneurship in India, not only in manufacturing but also in other sectors.
New Processes: ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.
New Infrastructure: Availability of modern and facilitating infrastructure is a very important requirement for the growth of industry. Government intends to develop industrial corridors and smart cities to provide infrastructure based on state-of-the-art technology with modern high-speed communication and integrated logistic arrangements.
New Sectors: ‘Make in India’ has identified 25 sectors in manufacturing, infrastructure and service activities and detailed information is being shared on them with all stakeholders.
New Mindset: Industry is accustomed to see Government as a regulator. ‘Make in India’ intends to change this by bringing a paradigm shift in how Government interacts with industry. The Government’s approach will be that of a facilitator and not that of a regulator.
The Government is adopting a three pronged strategy to boost entrepreneurship. This is a 3 C Model being worked upon: Compliances, Capital & Contract Enforcement.
India made rapid strides in the ‘Ease of Doing Business’ rankings by the Worls Bank rising to 130th rank. Today, starting a new business is easier than ever before. Unnecessary compliances have been removed and a lot of permissions can be obtained online.
Process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24×7 basis. Around 20 services are integrated & will function as a single window portal for obtaining clearances from various governments and government agencies.
Government of India with support from World Bank group and KPMG carried out an assessment of implementation of business reforms by State Govts. These rankings will allow States to learn from one another and replicate success stories, thereby rapidly improving the regulatory environment for business nationwide.
The Government also liberalized India’s FDI rules across multiple sectors to facilitate investment in India.
Around 58 million non-corporate enterprises provided one 128 million jobs in India. 60% of them were in rural areas. Over 40% were owned by people from the Backward Classes and 15% by Scheduled Castes and Tribes. But bank credit accounted for a tiny share of their financing. Most of them never get any bank credit. In other words the most employment-intensive sector of the economy gets the least credit. To change this scenario, the Govt launched the Pradhan Mantri Mudra Yojana & the MUDRA Bank.
It has been started with the aim of availing collateral-free cheap credit to the small scale entrepreneurs who often have to pay exorbitant interest rates. In the brief period since its launch, it has already sanctioned about 1.18 crore loans amounting to almost 65,000 crores. The number of people getting a loan below Rs 50,000 registered a growth of 555% in April- September 2015 over the corresponding period of the previous year.
To achieve better contract enforceability, the Arbitration Law has been changed to make arbitrations cheaper & faster. The law would impose deadlines to resolve cases & empower tribunals to enforce decisions.The Government has also come up with a modern bankruptcy code, which will make exiting business easier.
The country needs to work towards a 10% growth rate year-on year against its projected growth rate of 7.4% to achieve a $10 trillion economy by 2032.to create 175 million jobs and achieving zero percent of Below Poverty Line population by 2032. If we achieve a $10 trillion economy target by 2032 by a 10% growth rate year-on-year, the compounding effect would be such that ours could be a $20-trillion economy in the next 6-7 years after 2032. The 10% y-o-y growth is the biggest challenge.if India grows at 7% till 2032, its GDP will only be $6 trillion in 2032 against $2 trillion as on today while 5-6% of the population will remain below poverty line. The new plan flows out of a Group of Secretaries report that talked of achieving 10% growth year-on-year in the next five years by aiming at 10 ‘Champion States’ growing at 12% and more, 4% agricultural growth rate, 10-12% growth in manufacturing and services, worldclass infrastructure and the advancements in technology and innovation.The immediate targets specified for 2019 are India moving up to No. 1 Start-up destination, India’s rank in Ease of Doing Business being in Top 30 and 60% digital penetration through JAM Platform and e-payment mobile applications for government programmes.Target for manufacturing contribution rising to 25% of GDP is fixed for 2022.
India Leadership Conclave announces 26 Categories, 156 Nominees at 7th Annual ILC Power Brand awards 2016. Top Digital, Real Estates,Healthcare,Women Leaders, Interior designing, Jewellery, Hospitality, Software & Corporate Finance companies feature at the final six selection by the Network 7 Media Group Jury.
India’s most awaited & very prestigious leadership dialogue & award ceremony, the 7th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2016 by Network 7 Media Group’s annual edition is all set to roll out in the city of Mumbai on Friday, 1st July 2016. India Leadership Conclave & Indian Affairs Business Leadership Awards currently in its 7th year today announced the finalist of the 26 categories. Top business houses, financial institutions, women leaders, e-commerce players have featured in the list of final six nominees. The final six nominees are finalized & thrown into public voting after the expert panel handpicks top six names out of many names that are given by the institutions, agencies & companies. India Leadership Conclave 2016 is hosting the event on the theme of Advantage India where nation’s top leaders will meet to debate the complex issues & solutions.
Announcing the names of the finalists, Satya Brahma, Chairman of the 7th Annual ILC Power Brands & Organizing Committee said “We attempt to bring names that are not in the public glare & innovations that are yet to be seen by the society & leadership that are unique. While every efforts are made to give justice to the top five nominees, we are regularly analyzing & following the developments of the nominees in the complex ever changing world”. Merit & Competence coupled with innovative strategies are the thrust & this year our efforts has been to push the start up india & digital india. Empowering Women Leaders remain our prime focus & we stand committed to our objective. Indian Affairs Power Brand Awards at the India Leadership Conclave’s Annual Editions are Network 7 Media Group’s most prestigious & coveted set of awards for successful achievers in business, social enterprises. Since its inception, the award categories have gained momentum because of its transparent process of selection & stringent methodology powered by Network 7 Media Group’s eminent panel of jury members.. Over the last six editions, needless to add, these awards have grown in prestige and stature. It has become the premier event of its kind in the country and a notable part of the Country’s business calendar. This valuable award has national, regional and global recognition and is awarded in the Corporate and Entrepreneurial categories. In the Awards’ 6 years of the history, the principles and objectives have remained consistent that of to create a mechanism for applauding and celebrating women’s contribution to the economy,to recognize the success of business leaders in business, thereby creating a cadre of top role models whose achievements will inspire other young leaders to raise their sights and reach their goals,to be an iconic figure to the succeeding generations to emulate & influence, Over the years, some exceptional business leaders have been nominated by their peers – the leaders in the marketplace and workplace who have made their mark, inspiring and empowering those around them to develop their potential and reach their goals. The results will be announced in a glittering award ceremony on 1st July 2016 in Mumbai Maharashtra, India.
Here are the complete list of the Nominees of the 7th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2016.
Business Leader of the year 2016
1.Mr.V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd.
2.Mr.Dilwar Nensey, JMD, Royal Palms (India) Pvt. Ltd.
3.Mr.Rahul Sharma, Co-Founder, CEO, Micromax Informatics Limited.
4.Mr.Shyam Srinivasan, CEO & MD, The Federal Bank Ltd.
5.Mr. Irfan Razack, CMD Prestige Group
6. Mr. Surya Prakash Madrecha,CMD, Trimax IT Infrastructure and Services Limited.
Business Woman of the year 2016
1.Ms.Nadia Chauhan, JMD & CMO, Parle Agro Pvt. Ltd.
2.Ms.Lisa Srao, Chairman and MD, I Brands Beverages Ltd.
3.Ms.Ayesha Thapar, MD, Indian City Properties Ltd.
4.Ms.Aditi Kothari, Executive Vice President , DSP BlackRock.
5.Ms.Devita Saraf, Founder & Mentor, VU Technologies.
6.Ms.Priya Sachdev,Founder & CEO, Rock N Shop.
Indian Affairs Most Valuable Luxury Hotel by Customer Experience
1.ITC Royal Gardenia.
3.The Chancery Pavilion.
4.The Zuri Hotels
5.The Leela Palace
6.Vivanta By Taj.
Indian Affairs Most Promising & Valuable Luxury Smart TV
1.Mr. Sharad Sanghi,Managing Director and CEO, Netmagic Solutions.
2.Mr. Anil Chaudhry, Managing Director at Schneider Electric , India.
3.Mr. Sanjeev Verma, Executive Director and CEO, AGC Networks Ltd.
4.Mr. Shshank Joshi, Managing Director, My Mobile Payments Limited.
5.Mr. Asoke K. Laha,Founder, President & CEO InterraIT Inc.
6.Mr. N.V. Venkatasubramanian,CEO, L & T Valves Limited.
Indian Affairs Most Valuable & Trusted Mobile Wallet 2016
1.Money on Mobile
2.MobiKwik Systems Pvt Ltd.
Innovative Woman CEO of the year 2016
1.Ms.Neelam Dhawan, Managing Director, HP India.
2.Ms.Kumud Srinivasan, President, Intel India.
3.Ms.Schauna Chauhan, CEO, Parle Group.
4.Ms.Deepika Arora, Regional Vice President-EurAsia, Wyndham Hotel Group .
5.Ms.Navita Yadav, CEO, IL&FS Trust Company Ltd.
6.Ms.Reshma Merchant, Co-Founder House of Milk
Indian Affairs Infrastructure Company of the year 2016
1.Vishvaraj Infrastructure Ltd.
2.IL&FS Engineering and Construction Company Limited.
3.Supreme Infrastructure India.
4.Kunstocom (India) Ltd.
6. Kirby Building Systems.
Airline of Substance in Value, Safety & Customer Satisfaction 2016
Indian Affairs Dynamic Women Entrepreneur of the year 2016
1.Ms.Kavitha Iyer Rodrigues, Co Founder & Chief of Operations, Zumutor Biologics Inc.
2.Ms.Radha Kapoor, Founder & Executive Director, ISDI.
3.Ms.Monica Khanna, Founder & CEO, Monica Khanna Designs.
4.Ms.Manisha Chopra, CEO & Founder, SeaSoul Cosmeceuticals.
5.Ms.Kiran Bawa, CEO & MD, IOSIS.
6.Ms.Amruda Nair,Joint MD & CEO, Aiana Hotels & Resorts.
Indian Affairs Indian Affairs Innovative Leader in Digital Entrepreneurship ( Male)
Indian Affairs impact award for fitness & wellness 2016
1.Ms.Pooja Makhija.CEO & Founder, Nourish
2.Ms.Shelly Khera,CEO & Founder, Slim Sutra .
3.Ms.Tripti Gupta,Founder – iPink
4.Ms.Shubi Husain,Founder & CEO, Health Sanctuary P Ltd
5.Ms.Pooja Bhargava,Founder/CEO – Fitness U and Nutrition .
6.Ms.Suja Issac,Founder & CEO, Soukya International Holistic Health Centre .
Indian Affairs Jewellery Designer of Innovations Creativity 2016
2.Ms.Varuna D Jani.
Indian Affairs Fashion Designer of the Decade
India Leadership Conclave is the largest gathering of asia’s most influential leaders in one single platform & ILC Power Brand Awards are the most prestigious set of awards conferred to the successful persons & companies through a comprehensive selection process & guided by an eminent panel of jury & backed by the rich editorial resources of Network 7 Media Group. Started in the year 2009, India Leadership Conclave has been successfully hosting the leadership event in Delhi, Bengaluru & Mumbai & has entered the list of most impactful & credible annual affair in asia & is currently in 7th edition to be hosted in Mumbai on friday,1st July 2016, India. Known for path breaking initiatives, India Leadership Conclave is an eagerly awaited leadership award titles in different categories, the conclave is widely acclaimed by the top fortune 500 companies.