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

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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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