Every crisis is also an opportunity.Though COVID-19 pandemic has brought forth challenges but it has also given birth to new opportunities & business models for a more sustainable & equitable world.
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Scouting opportunities in a new normal world by Dhananjay_Singh_irs
1. Dhananjay Singh, IRS
CBIC, Ministry of Finance, Govt of India
Linkedin: https://www.linkedin.com/in/dhananjay-singh-irs-19947377 Twitter:@dhananjay_IRS
2. ❖ Views expressed in this presentation are strictly personal
views
❖ Source of Pics: from several sources on Internet
❖ Due credit & acknowledgment is attributed to different authors
whose ideas have been referred to Twitter:@dhananjay_IRS
3. Let us all eschew fear
Source: Prospect Theory
by Daniel Kahneman
Twitter:@dhananjay_IRS
6. Mega Trends in Economy
• Change in geo-politics, sourcing strategies leading to shifting of certain industries
outside China:
• German footwear brand Von Wellx shifts production from China to India
• More Governance, Less Govt; Privatization
• Make In India (jobs)
• GVCs an important part of Atmanirbhar Bharat Package
Twitter:@dhananjay_IRS
8. Agri Sector
• Additional Rs.40000 crores for NREGA;Total:Rs.1 lakh crores (productive assets)
• APMC monopsony (Art.301), Contract farming, Essential services legislations
• Factor market reforms-labour…
• AgriStack
• Free Agri marketplace will unlock opportunities for new investments:
• Uberisation of Farm Services
• E-trading (tech-based platforms)
• Incentivises GFCF in cold chain infra, W/H
• Food processing units
• Logistics
• Insurance etc
Twitter:@dhananjay_IRS
9. Institution Building
• Institutions of the poor:
• Women SHGs (RBI recognition),SHG Federations
• Nurture Community Heroes (eg, Kerala,Vietnam VLWs)
• Instns for the poor
• Scheme for 10000 FPOs
Twitter:@dhananjay_IRS
10. Entrepreneurship & Start-ups
https://okhai.org/
• India is the 7th largest start-up ecosystem in the world
• Start up India https://www.startupindia.gov.in/
• TiE, TYE, Role playing business roles in Middle School
• https://www.psbloansin59minutes.com/home
• Know-how is as important as know-why
• SaaS,PaaS, Edutech, Healthtech, Fintech, Online gaming, Retail, Logistics, Agritech
• Reverse migration (skill-sets) needs to leveraged to
create viable business models by customising offerings
to un/under-served markets:
➢ Artisans (100 mn)
Twitter:@dhananjay_IRS
11. Efforts of Government, Regulators
• PM Garib Kalyan Ann Yojana
• Primary focus of Govt & RBI is on easing liquidity &
providing cash in the hands of people, industry
• Govt’s Rs.20 lakh cr Economic package in view of Corona Pandemic
• https://www.investindia.gov.in/
• New def of MSMEs: Distinction between manufacturing & services
removed. Investment limits revised upwardly. The criterion of
turnover added
• https://udyamregistration.gov.in
Micro enterprises Investment upto Rs.1Cr & turnover upto
Rs5 Cr
Small enterprises Investment upto Rs.10 Cr & turnover upto
Rs 50 Cr
Medium enterprises Investment upto Rs.20 Cr & turnover upto
Rs 100 Cr
Twitter:@dhananjay_IRS
12. • MSMEs/Non-profits crucial for seamless last mile value creation & delivery
• Prevent liquidity problem of MSMEs from becoming a solvency problem (guarantee)
• https://www.psbloansin59minutes.com/home (GST data...)
• SMILE & SAFE,SAFE+ of SIDBI
• Government e-Marketplace (GeM)
• Redefine fixed costs; Focus on extending cash runway; share orders, capacity, equipment (collaborate)
(Eg.,Gainsharing done with farmers by GCMMF)
• Variable cost model: plug & unplug resources depending on economic conditions
• Monetise all non-usable assets like land, machinery
• TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of MSMEs
through multiple financiers (mandatory for Rs.500 crores turnover corporates); MSMEs can convert ARs/DSOs into
cash using TReDS
• Moving from physical touchpoints to digital touchpoints
Twitter:@dhananjay_IRS
15. AIM
ATL AIC ACIC ARISE ANIC
https://aim.gov.in/aim-covid.php Twitter:@dhananjay_IRS
https://aim.gov.in/resources-for-atl-incharge.php ATL App Development module under AIM
16. Role of CSOs, VOs
• Voluntary charity because of market failure (Eg, School made by wealthy
businessman)
• 3 million Non-profits in India: Need for collaboration (agglomeration
economies)
• Guide Star India, NGO Darpan
• Crucial for seamless last mile delivery to intended beneficiaries
• Rights-based Non-Profits are quickly re-purposing themselves
towards pressing issues arising out of the pandemic
• Volunteer to build a different set of transferable skills
Twitter:@dhananjay_IRS
17. Contribution of Non-profits (contd)
• Parinaam Foundation (Ujjivan) work with 2500 ultra-poor families, on
the road, delivering essentials to the needy
• MFIs have foot on the ground: field staff can help deliver,
connect/enable needy with govt schemes, PDS etc
• Empathy at community level has been remarkable (WB eg)
• MSDF’s partners for the Ghar per School campaign
• Philanthropy foundations funds provide the ‘first loss’ funds
• Action Covid-19 Team (ACT): actgrants.in
• Wadhwani Entrepreneurship network: AI for Social Good; Wadhwani
entrepreneurs (Start-ups)
Twitter:@dhananjay_IRS
20. TBL as an accountability framework
State Street Global Advisors Gravity Payments
Twitter:@dhananjay_IRS
21. Frugal innovations/Sustainable Approaches
• Tata, M & M, Maruti, Ford, GM, Tesla quickly responded by retooling (flexibility-
based strategies) & started scaling up the production of ventilators
• IIT Delhi startup ETEX produced a cheap and effective facemask
“Kawach” for protection against Covid-19 that costs just Rs. 45
• ‘Mylab’ COVID-19 test kits
• Redefine & recombine Supply Chains
• Rural sector: a bright spot
• Andhra Pradesh ‘Zero-Budget’ Natural Farming (APZBNF)
Programme,Rythu Sadhikara Samstha (RySS)
Twitter:@dhananjay_IRS Repurposing Trains
22. Living Root Bridges of Meghalaya
Source: https://www.gian.org/
https://www.sristiinnovation.com/about-sristi.html
Twitter:@dhananjay_IRS
24. Ensuring Sustainable Impact of Projects
Both intended & unintended
benefits
Focus on distributive justice
Quality of Life,Environment Values for learning
Impact Evaluation
Twitter:@dhananjay_IRS
25. Current & future Trends
• Digital infrastructure: IndiaStack
• AEPS has witnessed surge in transactions post Corona outbreak
• Disruptions in BFSI space; Fintech (video KYC) ; Inclusive digital finance
• Data.org: Funds selected organizations & high-potential projects to demonstrate
the transformational power of data science for social impact
• Use cases: Mastercard data-driven insights reflect consumer spending and store openings up
sharply, proving that neglected neighborhoods warrant investment
• Volunteer to build a different set of transferable skills
• Collaboration between competitors (3M & GE Healthcare colloborating on a simplified ventilator design, 3M &
GE Healthcare:masks,PPE for healthcare workers)
Twitter:@dhananjay_IRS
26. Current & future Trends
• AI has twin benefits:
• GPT (eg., motors, microprocessors)
• A new method of invention (eg.,digital computing)
• Low hanging automation use cases are in CRM & HR Support:
• Moving from physical touchpoints to digital touchpoints
• Deploy Chatbots (e.g., Finserv BLU)
• Conversational AI can assist in workflow
• Mark attendance through HR bots by turning on location in WhatsApp
• Physical & digital world combined
• Reinvent business models https://www.weforum.org/
• Resilient Supply Chains
• Platform (gig) economies
• Next decade may be of Genome Sequencing
Café X
Twitter:@dhananjay_IRS
27. Success Stories of Blockchain
IBM Food Trust Trade Lens
RTO Mumbai Corneal TransplantTwitter:@dhananjay_IRS