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The Regulators & Policymakers Retreat 2012    The challenges of an inter dependent world                                 T...
Global capital is looking for higher returns Investors from Developed countries  look at emerging economies for a  better...
Profit versus Sustainable Development  Can profit be the sole criteria for:           Sustainability of long term invest...
The Market may not provide a level playing field  The market does not always work in the consumer interest      global f...
Weaker sections of society may get left behindMarkets driven by‘making money atall costs’ make aprofit by includingthe wel...
Sustainability versus survivalCreating markets solely for profit at the cost of the poor is not sustainable. Itmay lead to...
The growing disconnectbetween the haves andthe have-nots can createsocietal problems assymbolised     by    theelephant in...
India: Facts & Figures      Current Population:      1.21 billion      Literacy Rate:      74 %      Unemployment Rate:   ...
Possible Solutions  Profits with a social conscience that ensure:      Inclusive growth      Protection of the environm...
Social benefits from development of the power sector  Ensuring sustainable development of the power sector which ensures ...
Themes of the Retreat: Day 1 Turning the Power Sector Around: The Role of Government, Regulators and the Private Sector   ...
Themes of the Retreat: Day 1             IPPAI Power Awards - IPPAI has instituted a non-             partisan awards prog...
Themes of the Retreat: Day 2                     Master Class on Energy             Implications of the recent letter from...
Themes of the Retreat: Day 2 Challenges of an inward looking world Can we actually integrate the two Indias? Have we re...
Themes of the Retreat: Day 3Master Class on Energy Competitive bidding in the Power Sector: Is it working or not? How to...
Themes of the Retreat: Day 3 Master Class on Ethical Business Practices  Challenges of Doing Business   in India – Corrup...
Themes of the Retreat: Day 3  Elephant in the Market place  The Craft of Consumerism  Are   we    politicizing    our  ...
Themes of the Retreat: Day 3  In an inter-dependent world, are we going   to have a single currency?  Art & Aesthetics a...
Themes of the Retreat: Day 4  Galvanising fresh investments in Oil & Gas from well   head to burner tip: The Role of the ...
Themes of the Retreat: Day 4 Master Class on Security  Overview on India’s threats and options  The problems of inner ci...
Themes of the Retreat: Day 4       Do we have the perseverance and imagination to innovate?                     Harry Dhau...
Let the deliberations begin…Picture credits:•IPPAI Archives         • Co.cal.md.us•Munkschool.utoronto.ca •Geojitbnppariba...
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The challenges of an inter dependent world

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Mr. Harry Dhaul
Director General, IPPAI
at RPR 2012, 23-26 August, Goa, India

Published in: Technology, Economy & Finance
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Transcript of "The challenges of an inter dependent world "

  1. 1. The Regulators & Policymakers Retreat 2012 The challenges of an inter dependent world The Grand Hyatt, GoaHarry Dhaul 23-26 August 2012Director General, IPPAI
  2. 2. Global capital is looking for higher returns Investors from Developed countries look at emerging economies for a better return on capital – the profit motive Emerging economies require the capital for investment in core sectors for sustainable development Source: OECD, May 2011 Harry Dhaul - Director General, IPPAI
  3. 3. Profit versus Sustainable Development  Can profit be the sole criteria for:  Sustainability of long term investments in emerging economies  Sustainable development of the emerging economies  (Sustainable) Development towards what? Inclusive profit: not at the expense of the environment or some one else’s livelihood Harry Dhaul - Director General, IPPAI
  4. 4. The Market may not provide a level playing field  The market does not always work in the consumer interest  global financial meltdown  2 G issuesIn emerging economies, peoplewithout the means cannot participatein the market. Harry Dhaul - Director General, IPPAI
  5. 5. Weaker sections of society may get left behindMarkets driven by‘making money atall costs’ make aprofit by includingthe well-off andexcluding theothers. Source: Sanhati.com Harry Dhaul - Director General, IPPAI
  6. 6. Sustainability versus survivalCreating markets solely for profit at the cost of the poor is not sustainable. Itmay lead to:  Corruption  Simmering social tensions that erupt in violence  Collapse of Governance Flawed Developmental Model: Attempting to bring more and more people into the market irrespective of cultural, historical or social values Harry Dhaul - Director General, IPPAI
  7. 7. The growing disconnectbetween the haves andthe have-nots can createsocietal problems assymbolised by theelephant in the marketplace Harry Dhaul - Director General, IPPAI
  8. 8. India: Facts & Figures Current Population: 1.21 billion Literacy Rate: 74 % Unemployment Rate: 9.4 % Internet User Base: 46 % How do we unshackle the potential of 1.21 billion Indians? Harry Dhaul - Director General, IPPAI
  9. 9. Possible Solutions  Profits with a social conscience that ensure:  Inclusive growth  Protection of the environment  Effective regulation: striking a balance with respect to public good vs private profit  Policies that incentivise private players in sharing a part of their profits to set up and run: • Hospitals • Schools and Vocational Training Centers • Drinking water and sanitation projects Harry Dhaul - Director General, IPPAI
  10. 10. Social benefits from development of the power sector  Ensuring sustainable development of the power sector which ensures cascading benefits in terms of development of:  Health and education (internet based education)  Agriculture (irrigation, cold storage)  Industry and a sophisticated services sector  Growth in employment opportunities Harry Dhaul - Director General, IPPAI
  11. 11. Themes of the Retreat: Day 1 Turning the Power Sector Around: The Role of Government, Regulators and the Private Sector Harry Dhaul - Director General, IPPAI
  12. 12. Themes of the Retreat: Day 1 IPPAI Power Awards - IPPAI has instituted a non- partisan awards program to recognize the contribution of individuals, organizations, Indian States, SERCs who have significantly contributed to the development of the power sector The CEOs Roundtable - To examine in detail some of the critical issues that are inflicting the Power Sector in India. Focus: solutions and the way forward. Harry Dhaul - Director General, IPPAI
  13. 13. Themes of the Retreat: Day 2 Master Class on Energy Implications of the recent letter from the Ministry of Power on Operationalisation of Open Access dated 30 Nov 2011 Uncertainty and Volatility of Coal & Gas Prices: Impact on the Power Sector Source: Garnaut Review, Australia Issues in Renewable Energy Harry Dhaul - Director General, IPPAI
  14. 14. Themes of the Retreat: Day 2 Challenges of an inward looking world Can we actually integrate the two Indias? Have we relegated Parliament to disruption rather than discourse? Is Activism in India a boon or a curse? Is Democracy a convenient crutch for regression? In this inter-dependent world, are we creating a uniform world order for people to live in and behave? No full stops in being an Indian Harry Dhaul - Director General, IPPAI
  15. 15. Themes of the Retreat: Day 3Master Class on Energy Competitive bidding in the Power Sector: Is it working or not? How to attract fresh investments in the Power Sector: Perceptions Vs. Reality Transnational Trade of Electricity Renewable Energy Opportunities in North East Harry Dhaul - Director General, IPPAI
  16. 16. Themes of the Retreat: Day 3 Master Class on Ethical Business Practices  Challenges of Doing Business in India – Corruption, Efficiency and the way forward for the Private Sector  Government’s discomfort in dealing with the private sector Harry Dhaul - Director General, IPPAI
  17. 17. Themes of the Retreat: Day 3  Elephant in the Market place  The Craft of Consumerism  Are we politicizing our Natural Resources?  Does the Media have a pernicious influence in India Harry Dhaul - Director General, IPPAI
  18. 18. Themes of the Retreat: Day 3  In an inter-dependent world, are we going to have a single currency?  Art & Aesthetics as an integral part of life and inspiration Harry Dhaul - Director General, IPPAI
  19. 19. Themes of the Retreat: Day 4  Galvanising fresh investments in Oil & Gas from well head to burner tip: The Role of the Government, Regulator, Public Sector & Private Sector  Can IT revolutionize electricity distribution? Do smarter grids need more regulatory and policy support?  Challenges in the Hydro sector Why does the West see India as Chaotic? Is it really? Harry Dhaul - Director General, IPPAI
  20. 20. Themes of the Retreat: Day 4 Master Class on Security  Overview on India’s threats and options  The problems of inner circle cities: Ghettos becoming breeding grounds for terrorists  Increasing risk to Indian Infrastructure  Cyber Attacks on Grids  Need for Training for Emergency Response Harry Dhaul - Director General, IPPAI
  21. 21. Themes of the Retreat: Day 4 Do we have the perseverance and imagination to innovate? Harry Dhaul - Director General, IPPAI
  22. 22. Let the deliberations begin…Picture credits:•IPPAI Archives • Co.cal.md.us•Munkschool.utoronto.ca •Geojitbnpparibas•Cartoonstock.com •Sleepreviewmag.com Harry Dhaul - Director General, IPPAI
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