CII Communiqué: Catalyzing Growth in South Asia through Economic Integration

2 | October 2015 Communiqué
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Contents
23 US-India Partnership
A CII delegation visited USA to take the
US-India bilateral partnership forward. Later,
coinciding with the first-ever US-India Strategic
and Commercial Dialogue, CII organized
several programmes in Washington DC.
09 Cover story
Catalyzing Growth in South Asia Through
Economic Integration
The 1st
edition of the South Asia Economic
Conclave stimulated informed discussion to
catalyze higher growth and new job opportunities
to help achieve inclusive growth through deeper
economic integration of South Asia.
15 spotlight
North India: Investment Potential
The 4th
edition of the flagship CII Invest North 2015 Conclave,
organized by CII Northern Region in New Delhi, showcased
investment opportunities in the Northern States and provided
a platform for domestic and international corporates to engage
with Chief Ministers, Industry Ministers, Chief Secretaries, and
other senior Government officials of the Northern States.
27 focus
Towards Swachh Bharat
CII, in partnership with CPR, organized a conference
to enable and strengthen efforts towards effective
and prompt delivery of the Swachh Bharat Mission.
39 manufacturing
CSR - Impacting People, Transforming Lives
The seminar showcased the efforts and initiatives of
Industry towards ensuring inclusive development.
Volume 37 No. 10 October 2015

newsmaker
T
he ‘Assessment of State Implementation of
Business Reforms’ Report, capturing the findings
of an assessment of reforms implementation
by the States was released on 14 September in New
Delhi. The assessment was conducted jointly by the
Department of Industrial Policy and Promotion (DIPP),
Ministry of Commerce & Industry, the World Bank Group
and KPMG as the knowledge partner, and facilitated
by the Confederation of Indian Industry (CII), and the
Federation of Indian Chambers of Commerce and
Industry (FICCI).
The first-of-its-kind assessment was conducted to take
stock of the reforms implemented by different States
in the period between 1 January to 30 June 2015,
based on the 98-point action plan for business reforms
agreed upon between the DIPP and the State and Union
Territory Governments in December 2014.
According to the assessment, Andhra Pradesh,
Chhattisgarh, Gujarat, Jharkhand, Madhya Pradesh,
Odisha and Rajasthan have implemented over 50% of
the 98-point action plan for business reforms studied
in the assessment. Karnataka, Maharashtra and Uttar
Pradesh are also among the top 10 States in the
‘Assessment of State Implementation
of Business Reforms’
The ‘Assessment of State Implementation of Business Reforms’
Report is expected to drive cooperative federalism towards making
doing business in India easier and simpler
assessment. No State has implemented 75% or more
of the proposed reforms.
The assessment recognizes the fact that most States
have already embarked on ambitious reform programmes
or have expanded their on-going reform efforts since
the announcement of the 98-point action plan.
The assessment has identified good practices on
different parameters. For example, Punjab leads in the
area of ‘Setting up a Business,’ as it offers an online
single window system for registrations and licenses that
cover most of the regulatory services in the country.
Andhra Pradesh and Chhattisgarh have also made
significant progress in this area.
Maharashtra, followed by Gujarat and Madhya
Pradesh, was ranked highest in ‘Obtaining Infrastructure-
related Utilities,’ with clearly-defined timelines for
electricity, water and sewage connections, and a
reformed electricity connection application process.
Similarly, Karnataka received the highest score for
‘Registering and Complying with Tax Procedures,’
due to its comprehensive automation and process
reengineering efforts. Jharkhand leads the country in
‘Carrying out Inspections,’ since its labour management
Shihab Ansari Azhar, Operations Officer – Trade & Competitiveness, World Bank Group; Arbind Prasad, Director General, FICCI;
Shatrughna Singh, Additional Secretary, DIPP, Ministry of Commerce & Industry; Sunil Kant Munjal, Past President, CII, Chairman, CII Task
Force on Ease of Doing Business, and Chairman, Hero Corporate Service Ltd; Chandrajit Banerjee, Director General, CII, and Jaijit Bhattacharya,
Partner, KPMG India, at the launch of the ‘Assessment of State Implementation of Business Reforms’ Report, in New Delhi

system implementation has also focused on
inspections reform.
States across the country have made good progress
in general tax reforms like mandating e-registration for
Value-added Tax (VAT) and Central Sales Tax (CST);
allowing online payment and filing of returns for various
State taxes; providing e-filing support through service
centres and helplines; and risk-based tax compliance
inspections. 29 States allow VAT to be paid online,
and 28 States allow CST to be paid online. While most
States allow e-filing of VAT and CST, 21 have established
helplines for users, 25 States have defined timelines
for VAT registration, and 21 have defined timelines for
CST registration.
The report also flags a multitude of reforms that
still need to be implemented effectively by most States.
A majority of States are yet to begin implementing
electronic courts to resolve commercial disputes,
i.e. infrastructure to allow for e-filing of disputes,
issuance of e-summons, online payments, e-cause
lists and digitally signed court orders. 26 States are
yet to introduce reforms along a wide range of labour
inspections under various acts, or on inspections
related to building permits. Around 25 States lack
online availability of information on land banks, and
use of Geographic Information Systems (GIS) to track
industrial land parcels.
The report also highlights the need to properly
communicate, monitor and evaluate these reforms, to
ensure that their impact is being felt on the ground.
Data for the assessment was collected through a
structured questionnaire that was sent to each State
and Union Territory Government. The responses were
validated through a series of in-depth workshops with
State Government representatives. Supporting evidence
on each of the parameters of the questionnaire was
also collected. The evidence collected consists of rules,
notifications, circulars, website screenshots and a variety
of other documents provided by the State Government
or found online, to prove conclusively that the State
meets the requirements of the assessment. Following
the completion of the data collection and State visits,
the data was evaluated in detail jointly to ensure that
the same yardstick was applied to measure progress
for all States.
This Report is expected to drive cooperative federalism
and enable the States to become key champions in
making India an extremely easy and simple place to
do business in.
The Rankings
Rank State Score
1 Gujarat 71.14%
2 Andhra Pradesh 70.12%
3 Jharkhand 63.09%
4 Chhattisgarh 62.45%
5 Madhya Pradesh 62.00%
6 Rajasthan 61.04%
7 Odisha 52.12%
8 Maharashtra 49.43%
9 Karnataka 48.50%
10 Uttar Pradesh 47.37%
11 West Bengal 46.90%
12 Tamil Nadu 44.58%
13 Telangana 42.45%
14 Haryana 40.66%
15 Delhi 37.35%
16 Punjab 36.73%
17 Himachal Pradesh 23.95%
18 Kerala 22.87%
19 Goa 21.74%
20 Puducherry 17.72%
21 Bihar 16.41%
22 Assam 14.84%
23 Uttarakhand 13.36%
24 Chandigarh 10.04%
25 Andaman and Nicobar Islands 9.73%
26 Tripura 9.29%
27 Sikkim 7.23%
28 Mizoram 6.37%
29 Jammu and Kashmir 5.93%
30 Meghalaya 4.38%
31 Nagaland 3.41%
32 Arunachal Pradesh 1.23%
newsmaker

T
he 1st
Safe Food Walkathon, taking
forward the Surakshit Khadya
AbhiyanTM
a national campaign to
Strengthen Food Safety in the country
by raising awareness and strengthening
capacity-building on food safety practices
and system standards, was flagged off
by Mr Satyendra Jain, Minister of Health,
Industry and Power, NCT of Delhi, with
more than 2300 participants, including
senior citizens and people from all walks
of life, on 4 October in New Delhi.
There were several parallel activities
such as Nukkad Nataks and experience-
sharing by street food vendors, a skit by
the Jago Grahak Jago team of VOICE, a
painting competition, I-pledge wall and a
thematic performance on Food Safety by
Funkaar Artists.
The Abhiyan was launched by the Ministry
of Consumer Affairs, Food & Public Distribution in July
2015. Consumer Body VOICE, the National Association
of Street Vendors of India (NASVI), and Cargill India are
the national partners of the CII Jubilant Bhartia Food
and Agriculture Centre of Excellence (CII FACE) in this
mission to expand and connect with consumers, street
food vendors and Industry, and engage all stakeholders
to catalyze sensitization and capacity-building on food
safety to deliver safe food of global standards and boost
domestic trade and export.
CII has also formed the Surakshit Khadya Abhiyan
Steering Committee with members from
NASVI, VOICE, Cargill and other Industry
representatives, led by Mr S Dave, Chairman,
Surakshit Khadya Abhiyan. The Committee,
which sets directions and reviews progress
on the deliverables, is supported by working
groups. One Working Group is actively
working out the modalities of involving
schools, colleges and academic institutes
in Food Street adoption programmes to
make street food safer.
The three priority segments identified for
Phase 1 are consumers, food business
operators and street food vendors. Phase
1 intends to:
• Adopt 100 street food vendors across
the country
• Build awareness on food safety among
10,000 consumers
• Build capacity by training employees
of 300 SMEs on food safety
• Involve 4 colleges in each of the identified 5 cities
to participate in the Surakshit Khadya Abhiyan
The Delhi Walkathon will be followed by 7 more Safe
Food Walkathons and more than 20 consumer advocacy
programmes across the country in cities like Bangalore,
Lucknow, Kolkata, Mumbai, Pune, Ahmedabad, Jamshedpur,
Chennai and many others, in the next six months.
The next Walkathon will be held in Lucknow on
29 November.
Walking for Safe Food
‘With heightened consumer
demand for safe and
unadulterated food, food
safety and hygienic practices
is the need of the hour. We
need to focus on the safety of
Street Food which is enjoyed
by all sections of the society.
The Delhi Government plans
to implement a surveillance
programme over the next
three months to check
adulteration and to take
effective steps to protect the
health of consumers.’
Satyendra Jain, Minister
of Health, Industry and
Power, Government of
NCT of Delhi
newsmaker
Surakshit Khadya Abhiyan Safe Food Walkathon in New Delhi
Satyendra Jain, Minister of Health, Industry
and Power, Government of NCT of Delhi,
flagging off the Safe Food Walkathon, in
New Delhi
Surakshit Khadya Abhiyan Pledge taking Ceremony

Communiqué October 2015 | 9
Suresh Prabhu, Minister of Railways, India; Suraj Vaidya, President-Designate, SAARC Chamber of Commerce and Industry, Nepal;
Annette Dixon, Vice President, South Asia, the World Bank; Chandrajit Banerjee, Director General, CII; Sunil Kant Munjal, Past President,
CII, Chairman, Steering Committee, South Asia Economic Conclave, and Chairman, Hero Corporate Services, and Dr Diwesh Sharan, Deputy
Director General, Asian Development Bank, at the South Asia Economic Conclave in New Delhi
T
he 1st
edition
of the South
Asia Economic
C o n c l a v e ( S A E C )
was organized by CII
in partnership with
the Department of
Commerce, Ministry of
Commerce and Industry,
India, and counterpart
business associations of
South Asia, with support
from the World Bank Group from 28 - 30 September
in New Delhi.
With the theme of ‘Achieving Inclusive Growth through
D e e p e r E c o n o m i c
Integration,’ the Conclave
was held to stimulate
informed dialogue
between the private
sector and Government
to promote regional
trade and investment,
to catalyze higher
growth and new job
opportunities and help
achieve inclusive growth
through deeper economic integration of South Asia.
Over 300 delegates from all eight South Asian countries
participated in the Conclave, which was addressed
Catalyzing Growth in South Asia
Through Economic Integration
Dr Sanjay Kathuria, Lead Economist, South Asia Regional Integration, The World Bank; Dr C Raja Mohan, Head – Strategic Studies, and
Distinguished Fellow, Observer Research Foundation, India; Lyonpo Norbu Wangchuk, Minister of Economic Affairs, Bhutan; Tofail Ahmed,
Minister of Commerce, Bangladesh; Nirmala Sitharaman, Minister of State (Independent Charge) of Commerce & Industry, India;
Sunil Bahadur Thapa, Minister of Commerce and Supplies, Nepal, and Abdulla Jihad, Minister of Finance, Maldives
cover storyindia & the world
Sunil Kant Munjal; Nitin Gadkari, Minister of Road Transport and Highways,
India, and Chandrajit Banerjee

by Ministers from six South Asian countries, as well
as experts from diverse fields including Industry, think
tanks, policymakers, multilateral organizations, and
media and entertainment leaders.
The SAARC member nations would benefit exponentially
by deepening regional cooperation in Agriculture which
is the main source of livelihood for a majority of the
region’s population, said Mr Suresh Prabhu, Minister
of Railways, India, at the Inaugural Session. He called
for deeper regional cooperation in energy development,
especially renewables like hydropower, wind energy,
etc, citing the example of how Bhutan is now exporting
hydropower to India in a win-win arrangement. He
also urged Governments in South Asia to promote the
documentation of traditional knowledge, especially with
respect to biodiversity.
Ms Annette Dixon, Vice President, South Asia, The World
Bank, said that closer regional cooperation would not
only deliver economic benefits to the people but also
help the member States deal with natural disasters
more effectively. The private sector, including SMEs,
could catalyze the region’s economic progress through
FDI, she said.
Mr Sunil Kant Munjal, Past President, CII, Chairman,
Steering Committee, SAEC, and Chairman, Hero
Corporate Services, suggested that the South Asian
countries could consider developing a regional ‘Ease
of Doing Business’ ranking index, to help regional
economies in their growth process.
The Power of 1.6 Billion: A Blueprint for
Prosperity
Ms Nirmala Sitharaman, Minister of State ( Independent
Charge) of Commerce and Industry, India, said that
re-integration would gain traction as the regional
economies do away with the negative lists for bilateral
trade. After India extended the Duty Free Quota Free
facility to the least developed countries in South Asia,
exports from these countries to India have increased,
she said, underlining the need for the region to establish
free trade areas.
Ms Sitharaman urged the regional governments to
prepare a roadmap for establishing a South Asian
Development Bank.
Mr Tofail Ahmed, Commerce Minister of Bangladesh,
urged countries of the region to take active measures
to bring down the tariff and non-tariff barriers that limit
the expansion of regional trade.
If the European Union can achieve deep economic
integration, so can South Asia, declared Mr Sunil Bahadur
Thapa, Minister of Commerce and Supplies, Nepal.
The road to regional prosperity lies in facilitating
seamless movement of goods, capital and people
across the entire region, said Mr Lyonpo Norbu
Wangchuk, Minister of Economic Affairs, Bhutan.
Mr Abdulla Jihad, Minister of Finance, Maldives, urged
the SAARC Governments to find ways to accelerate
regional trade flows.
While Dr Sanjay Kathuria, Lead Economist, South
Asia Regional Integration, World Bank, spoke
about the steps needed for the region to achieve
the intra-regional trade target of $100 billion in the
next 5 years, Dr C Raja Mohan, Head – Strategic
Studies and Distinguished Fellow, Observer
Research Foundation, India, provided a historical
and political background to the regional trade
scenario.
The private sector has a key role in furthering
South Asian intra-regional trade and economic
integration, said Mr Chandrajit Banerjee, Director
General, CII.
Beatriz Leycegui Gardoqui, Former Undersecretary for Foreign Trade, Ministry of Economy, Mexico, and Partner, SAI Law & Economics,
Mexico; Prof Abdul Wassay Haqiqi, Senior Advisor, Afghanistan Chamber of Commerce & Industry; Dr Arvind Subramanian, Chief Economic
Advisor, Ministry of Finance, India; T V Narendran, Co-Chairman, Steering Committee, South Asia Economic Conclave, and MD, Tata Steel,
India; Dr Ishrat Husain, Dean and Director, Institute of Business Administration, Pakistan; Dr Harsha Vardhana Singh, Former Deputy Director
General, WTO; Dr Saman Kalegama, Executive Director, Institute of Policy Studies, Sri Lanka, and Dr Jayant Menon, Lead Economist,
Asian Development Bank
cover story

Special Plenary Session
Mr Nitin Gadkari, Minister of Road Transport and
Highways, India, said his ministry is working towards
establishing a ‘waterport’ (a waterways port) in
Sahibganj, in Jharkhand, to accelerate trade between
India and Bangladesh. The use of inland waterways
will bring down logistics costs for Industry, he said,
adding that profits accrued from the Indian ports and
Shipping Corporation of India would be channeled for
inland waterways development.
The Government, said the Minister, is planning multi-
modal hubs in Varanasi, Sahibganj and Haldia.
Mr Sunil Kant Munjal said that the road infrastructure
network connecting South Asian countries has paved
the way for a car rally across the South Asian region.
CII has, in the past, organized, car rallies that went all
the way from India to Indonesia, he said.
Mr Chandrajit Banerjee underscored the importance of
physical infrastructure development across the South
Asian region in promoting people-to-people contact.
Expanding Intraregional Trade
Dr Arvind Subramanian, Chief Economic Advisor,
Ministry of Finance, India, said the adoption of trade
agreements depends on the structure of the participating
economies.
Dr Ishrat Husain, Dean and Director, Institute of Business
Administration (IBA), Pakistan, felt that due attention
must be given to the poverty-reduction properties of Free
Trade Agreements, such as generation of employment,
elevated growth rate, etc.
Ms Beatriz Leycegui Gardoqui, Former Undersecretary
for Foreign Trade, Ministry of Economy, Mexico, and
Partner, SAI Law & Economics, Mexico, spoke about
the changes in the Mexican economy and a significant
hike in exports post the North American Free Trade
Agreement (NAFTA).
Dr Harsha Vardhana Singh, Former Deputy Director
General, WTO, highlighted the importance of influential
and directive policy-making and increased efforts in
business-to-business engagements.
The session, chaired by Mr T V Narendran, Co-
Chairman, Steering Committee, South Asia Economic
Conclave, and MD, Tata Steel, was also addressed by
Prof Abdul Wassay Haqiqi, Senior Advisor, Afghanistan
Chamber of Commerce and Industry, Dr Saman
Kalegama, Executive Director, Institute of Policy Studies,
Sri Lanka, and Dr Jayant Menon, Lead Economist,
Asian Development Bank.
Valedictory Session
Stronger economic cooperation between the South
Asian countries will not only help the Governments
in meeting the inclusivity goals but also bring about
sustained peace and security across the region, said Mr
Piyush Goyal, Minister of State (Independent Charge) of
Power, Coal and New and Renewable Energy, India, at
the Valedictory Session. Regional economies need to
leverage each others’ unique strengths to drive growth
and development in the region, he said, adding that
such a concerted effort would resonate with Prime
Minister Modi’s vision of ‘one-ness’ of South Asia.
Underlining the enormous potential for extensive energy
cooperation between the South Asian economies, he
cited India’s successful bilateral energy cooperation
with Bangladesh, Bhutan and Nepal, and the on-going
efforts for similar engagement with Sri Lanka. India has
assured maximum support to Sri Lanka in fast-tracking
the establishment of a 500MW power plant, and has
assured Maldives of all support to promote renewable
energy development, he added.
Later, addressing questions raised by the audience, Mr
Chandrajit Banerjee; Dr Naushad Forbes, President Designate, CII and Director, Forbes Marshall Pvt Ltd, India; Piyush Goyal, Minister of State
(Independent Charge) of Power, Coal and New and Renewable Energy, India; Onno Ruhl, Country Director, the World Bank, and
Dr Sanjay Kathuria, Lead Economist, South Asia Regional Integration, the World Bank
cover story

Key Recommendations
Doing Business in South Asia
• The imperatives for building an enabling environment
for cross-border business are liberal visa
arrangements, seamless movement of goods by
road and rail, electronic data exchange at all major
ports, harmonization of standards pertaining to items
of trade, improved customs infrastructure, etc.
• Regional governments should facilitate freer movement
of capital across the region, through harmonization
of trade practices, better trade facilitation and
improvement in transit infrastructure.
• South Asia can emerge as a global production hub.
This calls for building a digital neighborhood.
Role of Media in Economic Integration
• India should take a lead in promoting the exchange
of media professionals across the region.
The Power of 1.6 Billion People
• South Asian Regional Governments should prepare a
roadmap for establishing a South Asian Development
Bank.
• A key part of Indian outbound FDI should be directed
to South Asian economies. Currently, 95% of India’s
outbound FDI goes to markets well beyond South
Asia.
• South Asian economies can achieve significant
dividends through joint initiatives and cooperation
in Tourism.
• Key steps are needed for the region to achieve the
intra-regional trade target of $100 billion in the next
5 years.
Physical Infrastructure
• Inland waterways will not only offer economical
transportation of passengers and bulk cargo
between different parts of India but could also
facilitate greater trade flows with neighbouring
countries.
• An international arm of the National Highways
Authority (NHA) is being planned to extend expertise
to South Asian countries to develop roads, highways,
expressways, bridges, etc.
Powering South Asia
• The South Asian region will require investment of
up to $300 billion over the next 10-15 years to build
reliable power infrastructure.
• Bilateral energy cooperation models can be
developed to build a regional energy cooperation
model.
• Risks in power need to be appropriately bundled
to attract private investments in the power sector.
Agriculture
• SAARC member nations would benefit exponentially
by deepening regional cooperation in Agriculture.
• There is a need for deeper regional cooperation in
agriculture research and sharing of expertise in pre
and post-harvest practices.
Renewables
• Promote deep regional cooperation in energy
development, especially renewables like hydropower,
wind energy, etc.
SMEs
• The private sector, including SMEs, could play a
catalytic role in the region’s economic progress
through FDI. Currently, intra-regional FDI is a mere
2% of the overall FDI inflows into the region.
Goyal said that the SAARC countries could support each
other in collectively meeting power-related challenges,
and bridge the deficits caused by seasonality factors,
etc. Expressing grave concern over water management,
he called for strong efforts to conserve water resources
in the region.
While stating that the developed countries should
bear a large part of the burden for emissions reduction
as per the ‘polluter pays principle,’ Mr Goyal felt
that the South Asian countries too should come
together to reduce carbon emissions and greenhouse
gases.
Mr Onno Ruhl, Country Director, the World Bank, said
that regional economic integration is a long-drawn
process – it took perhaps 300 years for the EU to take
its present shape. The World Bank will play an active
part in catalyzing South Asian economic integration
and could put up monitoring mechanisms for this,
he said.
Dr Naushad Forbes, President Designate, CII, and
Director, Forbes Marshall Pvt Ltd, said that greater
people-to-people contact would go a long way towards
deepening regional cooperation. Visas for travel across
the region should be more easily available, along with
due measures to help businesses to set up operations
in regional countries, he suggested.
cover story

‘Greater people-to-people contacts
will deepen regional cooperation.’
Dr Naushad Forbes, President
Designate, CII, and Director,
Forbes Marshall Pvt Ltd
‘South Asia is today the fastest
growing region in the world. The
SAARC States should find ways
to promote intra-regional trade
and reduce the cost of doing
trade with each other. Free trade
in electricity alone will deliver huge economic
benefits to the entire region and also help cut
down CO2 emissions.’
Annette Dixon, Vice President,
South Asia, the World Bank
‘The South Asian countries could
consider developing a regional
‘Ease of Doing Business’ ranking
index.’
Sunil Kant Munjal, Past
President, CII, Chairman,
Steering Committee, South Asia Economic
Conclave, and Chairman, Hero Corporate
Services
‘The private sector has an
unprecedented role in promoting
the regional economic dialogue,
which found expression at this
first-ever South Asia Economic
Conclave. The task forces set
up for South Asian cooperation in the areas
of FDI flows, people-to-people contacts, trade
and infrastructure, trade facilitation and energy
development will serve as accelerators for deep
regional cooperation.’
Chandrajit Banerjee, Director General, CII
‘If the future belongs to Asia, the
future lies in South Asia. The South
Asian region, with a 1.6 billion
population, has the critical mass
to sustain rapid growth. Over the
years, human capital that moved
from the region to the outside world has excelled
in various fields.’
Suresh Prabhu, Minister of Railways, India
‘The Ministry of Road Transport
and Highways plans to set up an
international arm to drive roads
and highways projects to connect
the neighbouring countries.’
Nitin Gadkari, Minister of Road
Transport and Highways, India
‘To accelerate intra-regional trade
and regional economic integration,
free trade areas need to be
established. Due efforts need to
be taken to conclude the SAARC
Motor Vehicles Agreement which will provide
significant impetus to regional trade and movement
of goods. Tourism is an area where the South Asian
economies can achieve significant dividends through
joint initiatives and cooperation endeavors.’
Nirmala Sitharaman, Minister of State
(Independent Charge) of Commerce & Industry,
India
‘SAARC countries could support
each other in collectively meeting
power-related challenges and to
bridge the deficits caused by
seasonality factors, etc.’
Piyush Goyal, Minister of State
(Independent Charge) of Power, Coal and
New & Renewable Energy, India
‘In certain spheres, including
power, infrastructure and services,
India stands to benefit from
regional cooperation.’
Arvind Subramanian,
Chief Economic Advisor,
Ministry of Finance, India
Voices
cover story

spotlightinvest north
Sukhbir Singh Badal, Deputy Chief Minister of Punjab; Malvinder Mohan Singh, Chairman, Invest North 2015, and Executive Chairman, Fortis
Healthcare Ltd; Nirmala Sitharaman, Minister of State (Independent Charge) of Commerce & Industry; Manohar Lal, Chief Minister of Haryana;
Sunil Kant Munjal, Past President, CII, and Joint MD, Hero MotoCorp Ltd, and Richard Rekhy, Co-Chairman, Invest North 2015,
and CEO KPMG India, at CII Invest North 2015, in New Delhi
Showcasing the investment
potential of North India
Arvind Kejriwal, Chief Minister of NCT of Delhi;
Shreekant Somany, and Madhav Shriram, Vice Chairman,
CII Delhi State Council, and Director, DCM Shriram
Industries Ltd
• Deliberations by 63 speakers over
12 sessions
• 450+ delegates, including overseas
participants
• 65+ B2G meetings between State
Government officials and investors
• International participation of Governments
and investors from USA, Singapore,
Japan, Italy, France, Brazil, Cuba, Egypt,
Korea, Russia, Spain, Sweden, Turkey,
Indonesia, Canada, Hong Kong, New
Zealand, Denmark, China, Taiwan, etc.
Manisha Panwar, Principal Secretary MSME, Uttarakhand; Dr Indiraa Hridayesh,
Minister Industrial Development, Uttarakhand; Harish Rawat, Chief Minister,
of Uttarakhand; Shreekant Somany, Chairman, CII Northern Region, and CMD,
Somany Ceramics Ltd and Prashant Mahadik, Chairman, CII Uttarakhand State
Council & Chief Manager, ITC Ltd Haridwar Complex

invest north
Make In India, and Digital India
• Potential and opportunities across the North in various manufacturing sectors
• Roadmap for improving business regulatory mechanisms
• Role of Digital India in bringing the governance system closer to the public
Richard Rekhy; Ajay Shankar, Chairman, Expert Committee Constituted by DIPP; Shreekant Somany; Kiran Karnik, Chairman,
CII Mission on Digital India; Vijay K Thadani, Vice Chairman & MD, NIIT Ltd; Purushottam Kaushik, MD- Sales, CISCO India & SAARC, and
Prameela Kalive, Executive VP, Strategic Services, Zensar Technologies
Global Engagements for Growth
• Changing dynamics of Global Trade
• Cross-border engagements
• Exploring markets and opportunities for investments
Santhosh Kumar, CEO, Operations, JLL India; Sanjay Srivastava, COO, Mahindra World City, Jaipur; Adesh Sharma, MD, Dedicated Freight
Corridor Corporation of India Ltd; Shreekant Somany, and Jaijit Bhattacharya, Partner, KPMG in India
Enabling Infrastructure: Role of Dedicated Freight Corridors and Industrial Corridors
• Role of growth-enabling infrastructure
• How Dedicated Freight Corridors and the Delhi-Mumbai Industrial Corridor can be game-changers
for the Indian and the Regional Economy
Rajesh Bhagat, India Consultant, Hong Kong Trade Development Council; Jayant Krishna, Principal Consultant & Regional Head,
Tata Consultancy Ltd; Gopal Baglay, Joint Secretary (States), Ministry of External Affairs; Jonathan Kessler, North India Coordinator,
Embassy US, and Jahangir Bin Alam, Secretary & CEO, India-Bangladesh Chamber of Commerce & Industry
Key Sessions

invest north
T
he 4th
edition of the flagship CII
Invest North 2015 Conclave,
organized by CII Northern Region
in New Delhi, showcased investment
opportunities in the Northern States
and provided a platform for domestic and
international corporates to engage with Chief
Ministers, Industry Ministers, Chief Secretaries,
and other senior government officials of the
Northern States. The event was partnered by
the Department of Industrial Policy & Promotion
(DIPP), Ministry of Commerce and Industry. The
Partner States were Delhi, Haryana, Punjab,
Rajasthan, Uttar Pradesh, Uttarakhand, and Jammu
& Kashmir.
Each State Government, led by the Chief Secretary,
pitched its State as an investment destination to
attract large scale investments. Special Business to
Government (B2G) meetings were organized during
the two-day conclave to help the Northern States
strengthen their business linkages by showcasing
their best practices, presenting upcoming key
projects and sectors, and highlighting their pro-
Industry policy initiatives and efforts to enhance the
ease of doing business, and simplify the regulatory
system to attract investments.
Key Focus Areas
• Understanding the investment climate in India and
the Northern States
• Engaging with State Governments and central
agencies
• Forging new partnerships and exploring business
and investment opportunities
Shreekant Somany, Sukhbir Singh Badal, Manohar Lal, inaugurating the
Invest North 2015
‘Northern States need to leverage
their true potential’
Interview with Mr Shreekant Somany, Chairman, CII Northern Region, and
CMD, Somany Ceramics Ltd
QWhat were the key objectives of Invest North
2015?
The primary objective of Invest North 2015 was
to showcase the investment opportunities in the
Northern States. We had dedicated State sessions,
addressed by Chief Ministers, Industry Ministers and
Chief Secretaries.
Investments into the Northern Region have not been
commensurate with its size and potential. CII has always
believed that the North can play an instrumental role
towards the larger objective of double digit economic
growth. However, to achieve this, the Northern States
need to leverage their true potential in terms of
entrepreneurial spirit, skilled manpower, consumer
base, physical and social infrastructure, agriculture,
and sound raw material and market base.
Towards this, the Conclave had State-specific sessions
on ‘Enabling Business Environment & Projects’ to
attract Investments. In addition, we had a brainstorming
session on ‘Make In India’ North, and Ease of Doing
Business.’ The objective was to share best practices
and deliberate on the roadmap for improving the
regulatory environment. Taking bilateral trade dialogues
and business engagements a step further, CII Invest
North focussed on ‘Global Engagements for Growth’
with a dedicated session.

QWhich are the main sectors where the North
offers investment potential?
The Northern States, with their varied resource base and
competitive advantages, offer investment opportunities
across a broad spectrum of sectors.
While Delhi offers world-class physical infrastructure
and connectivity, Punjab, Haryana and Uttar Pradesh
are major contributors in agriculture, food processing
and manufacturing. The Himalayan States of Jammu
& Kashmir, Himachal Pradesh and Uttarakhand have
abundant water resources, hydel power potential and
picturesque locations, ideal for tourism. Rajasthan is
mineral-rich, and is also one of the leading tourist
destinations in the country.
Sectors with immense opportunities in the North include
infrastructure, agro-based industries, food processing,
pharmaceuticals, textiles, automobiles, light engineering,
and Services like IT/ITES, biotechnology, BPOs/KPOs/
LPOs and other knowledge-based industries, tourism,
medical tourism and healthcare, education, skilling,
etc, among others.
Given the Indian Government’s thrust on the
Manufacturing sector because of its employment-
generating nature, coupled with the proposed Delhi
Mumbai Industrial Corridor (DMIC) and the Eastern
and Western Dedicated Freight Corridors, which
will compensate for the logistics disadvantage of
the Northern States due to their landlocked nature,
Manufacturing can also play a critical role in shaping
the investment landscape of the region.
QWhat do you think can be done to attract
investments to the North as compared to the
West and the South?
If we look at FDI, the Northern Region received 28% of
the total FDI in the country (April 2000 to March 2015)
which is much less than the 48% for the Western Region.
The Southern and Western States have proactively
marketed their value proposition well and have also
responded swiftly to the needs of Industry. This has
created a strong brand for them, which is missing in
the case of the North. I feel the North needs to market
and brand itself more aggressively.
CII Invest North 2015 aimed to bridge that gap for the
Northern States by providing a platform to them to
showcase their potential and favourable policies.
The other challenge hampering the region is its
landlocked nature. However, with the proposed
Dedicated Freight Corridors providing high speed
connectivity to the eastern and southern ports, this
logistical disadvantage would be taken care of.
QWhat would you recommend to the States to
improve the investment climate in the North?
The regulatory aspect related to ‘Doing Business’ at the
State level needs to be looked at. Some of the things
that deserve priority attention are:
• Use of ICT to simplify processes for approvals and
compliances
• Address land-related issues
• Labour reforms
• Better inter-departmental coordination for faster
approvals.
In a nutshell, we need ‘more of governance and less
of government.’
In addition to improving the regulatory environment,
what is required is a mission mode focus on creating
physical infrastructure, education and skill development,
and, above all, a policy of strong dialogue and
consultations with all stakeholders.
We are very pleased to note that a healthy competitive
spirit has been fostered amongst the States by the
recently-released rankings. The States have realized
that they cannot afford to remain red tape-ridden any
more in the current competitive scenario, if they wish
to seriously attract investments.
QHow much investment are the Northern States
targeting?
Denoting a figure with the investment need or
requirements in the Northern States will be difficult.
However, investment opportunities present across varied
sectors are immense. For instance, the Delhi – Mumbai
Industrial Corridor is in itself a USD 90 billion+ project.
Similarly, there are numerous mega infra projects in
roads and railways, Smart Cities, metro rail, freight
corridors, and many others.
In addition, the Northern States provide a varied
resource base and competitive advantages across a
very wide range of sectors which, if leveraged properly,
can lead to mind-boggling amounts of investments.
invest north

State Sessions
Dr R Rajesh Kumar, MD, SIIDCUL & Additional Secretary, Industrial Development & Director, MSME, Uttarakhand; Dr Umakant Panwar,
Principal Secretary, Tourism, Uttarakhand; Prashant Mahadik, Chairman, CII Uttarakhand, and Chief Manager, ITC Ltd Haridwar Complex;
Harish Rawat, Chief Minister of Uttarakhand; Dr Indiraa Hridayesh, Minister of Industrial Development, Uttarakhand, and
Rakesh Sharma, Chief Secretary, Uttarakhand
Uttarakhand
Irfan Ul Haq, Addl Director (F), Directorate of Industries & Commerce, J&K; Sheikh Imran, Vice Chairman, CII J&K, and Director, Kashmir Sunsilk
Industries Pvt Ltd; Dr R S Sharma, OSD to Minister of Industries & Commerce, J&K; Amit Sharma, MD, J&K State Industrial Development
Corporation Ltd; Chander Parkash Ganga, Minister of Industry, J&K, and Dr Abdul Rashid, Director, Industries & Commerce, Jammu
Jammu & Kashmir
Mahesh Gupta, Principal Secretary, Infrastructure & Industrial Development, Uttar Pradesh; Sachin Agarwal, MD, PTC Industries Ltd;
Rama Raman, CEO, Noida Development Authority; Kanchan Verma, Special Secretary, Industrial Development, Uttar Pradesh, and
Jayant Krishna, Principal Consultant & Regional Head, Tata Consultancy Ltd.
Uttar Pradesh
Akshay Bector, CMD, Cremica Food; Anirudh Tewari, Principal Secretary, Industries, Commerce & Non-Conventional Energy, Punjab, and CEO,
Punjab Bureau of Investment Promotion; S S Bhogal, Chairman, CII Punjab, and MD, Bhogal Exports, and Amit Dhaka, MD, PSIEC
Punjab
Suresh K Poddar, Chairman, CII Rajasthan, and CMD, Mayur Uniquoters Ltd; Gajendra Singh, Minister of Industries, Rajasthan;
Dr Samit Sharma, Commissioner, Investment & NRIs, Bureau of Investment Promotion, Rajasthan; Vijay Thadani, Vice Chairman & MD, NIIT
Ltd, and Rajat Agrawal, Vice Chairman, CII Rajasthan, and MD, Gravita India Ltd
Rajasthan
Sameer Munjal, Chairman, CII Haryana, and MD, Satyam Auto Components Ltd; Devender Singh, Principal Secretary, Industries, Haryana;
Capt Abhimanyu, Minister of Industries & Commerce, Haryana; Manohar Lal, Chief Minister of Haryana; Shreekant Somany; Sanjeev Kaushal,
Principal Secretary to the Chief Minister of Haryana, and Adesh Gupta, CEO, Liberty Shoes Ltd
Haryana
invest north

‘TheStatesarecompetingveryaggressively
with each other to attract investments, and
this is a very good omen for the country.
But Governments need to honour their
commitments to Industry.’
Gajendra Singh,
Minister of Industries, Rajasthan
‘The State Government has taken a
number of measures like self-certification,
towards building a conducive environment
for investors.’
Chander Prakash Ganga,
Minister of Industry, Jammu & Kashmir
‘It is necessary to strengthen the
connectivity between the factory gates
and the ports, to realize the true potential
of the Indian manufacturing sector.’
Ajay Shankar, Chairman, Expert
Committee constituted by DIPP on
Ease of Doing Business
‘The States must leverage the partnerships
forged over a period of time by our
missions abroad and the diaspora.’
Gopal Baglay, Joint Secretary, States,
Ministry of External Affairs, India
‘India has always been at the centre of
US diplomacy.’
Jonathan Kessler,
Embassy of USA in India
‘CII Invest North opened the gates for
fresh investment and provided a platform
for one-to-one meetings, by showcasing
the untapped potential for investment in
the States.’
Devender Singh, Principal Secretary,
Industry & Commerce, Haryana
‘Uttar Pradesh has an ambitious target to
achieve self-reliance in power by 2017.’
Mahesh Gupta, Principal Secretary,
Infrastructure, Uttar Pradesh
‘The Northern States are very pro-active
and can attract investments by further
easing their regulatory procedures. We
hope that the State rankings conducted
by the World Bank would encourage the
States to act more as facilitators and less
as regulators.’
Nirmala Sitharaman, Minister of State
(Independent Charge) of Commerce & Industry, India
‘A SPV will be created for the development
of railway infrastructure in Haryana.’
Manohar Lal Khattar,
Chief Minister of Haryana
‘We invite Industry to partner in the
development of Delhi as a Services and
Tourism hub.’
Arvind Kejriwal,
Chief Minister of Delhi
‘The SIIDCUL Smart City online system
will revolutionize approval processes,
increase transparency and minimize
human interface.’
Harish Rawat,
Chief Minister of Uttarakhand
‘We are fully committed to doing
away with cumbersome regulations
and procedures, and promoting self-
certification by Industry.’
Sukhbir Singh Badal,
Deputy Chief Minister of Punjab
‘Agro-based, food processing and dairy
industries will be given thrust in Haryana.’
Capt Abhimanyu,
Minister of Industries & Commerce,
Haryana
‘We are committed to creating a robust
single window system and supporting
Industry in every possible way.’
Indiraa Hridayesh, Minister of
Industrial Development, Uttarakhand
VOICES
invest north

‘The thrust of this year’s CII Invest North
Conclave has been on Make in India,
Digital India, Skill India, Delhi Mumbai
Industrial Corridor, and Dedicated Freight
Corridors, which are the enablers for
investments in the States.’
Malvinder M Singh,
Chairman, CII Invest North 2015, and
Executive Chairman, Fortis Healthcare Ltd.
‘The success of ‘Make in India’
requires focus on continuous research
and innovation and new product
development.’
Richard Rekhy,
Co-Chairman, CII Invest North 2015,
and CEO, KPMG in India
‘Speedy implementation of the Delhi
Mumbai Industrial Corridor (DMIC) and
Dedicated Freight Corridor (DFCs)is the
need of the hour.’
Shreekant Somany,
Chairman, CII Northern Region, and
CMD, Somany Ceramics Ltd
‘The success of Digital India would
determine the success of the ‘Make in
India’ campaign.’
Kiran Karnik,
Chairman, CII Mission on
Digital India
‘Land banks with 600+ pre-cleared sites
have been earmarked for private sector
investment in Punjab.’
Anirudh Tewari,
Principal Secretary, Industries &
Commerce, Punjab, and CEO,
Punjab Bureau of Investment Promotion
‘Rajasthan will shortly announce MSME
and Agro-processing policies.’
Samit Sharma,
Commissioner, Investment &
NRIs, BIP, Rajasthan
‘In Jammu & Kashmir, prominent
sectors for investments are hydro, food
processing, pharmaceuticals, sericulture,
handloom, floriculture, etc.’
Amit Sharma,
MD, J&K State Industrial Development
Corporation Ltd (JKSIDCO)
‘Civil contracts have been awarded for
65% of the length of the Dedicated Freight
Corridor (DFC).’
Adesh Sharma,
MD, Dedicated Freight Corridor
Corporation of India Ltd
‘The Northern Region would be the
guiding light for the country’s growth.’
Sunil Kant Munjal,
Past President, CII, and
Jt MD, Hero MotoCorp Ltd
Mr Chandrajit Banerjee, Director General, CII received the
decoration of Knight Commander of the Order of Queen
Isabella, in recognition of achievements and exceptional
contributions towards promoting relations between
India and Spain from Mr Gustavo de Aristegui, Spanish
Ambassador to India and Mr Piyush Goyal, Minister of State
(Independent Charge) of Power, Coal and New & Renewable
Energy, India, on 7 October 2015 in New Delhi.
Knight Commander of the Order of Queen Isabella for promoting
relations between India & Spain
invest north

US-India Strategic & Commercial Dialogue
P
resident Obama and Prime Minister Modi, during
the US Presidential Visit to India in January
2015, decided to further strengthen the bilateral
US-India partnership by elevating the strategic dialogue
between the two countries to a re-branded Strategic
and Commercial Partnership.
Ms Sushma Swaraj, Minister of External Affairs, and
Ms Nirmala Sitharaman, Minister of State (Independent
Charge) of Commerce & Industry, India, traveled to
Washington, USA, to engage with their US counterparts,
Mr John Kerry, Secretary of State, and Ms Penny
Pritzker, Secretary of Commerce, for the first ever
US-India Strategic and Commercial Dialogue on 22
September.
Coinciding with the dialogue, CII organized several
programmes in Washington DC to highlight important
aspects of the bilateral partnership, including the role of
the diaspora; the critical issues and bottlenecks around
Renewable Energy financing; and Indian industry's
efforts in bolstering collaboration on Standards.
Roundtable on ‘Financing Renewable Energy’
CII, in partnership with the American Council on
Renewable Energy (ACORE) organized a high level
gathering of US companies in the Renewable Energy
development and financing sector, on 20 September
in Washington DC. Mr Piyush Goyal, Minister of State
(Independent Charge) of Power, Coal and Renewable
Strengthening the bilateral
US-India Partnership
Energy, addressed the concerns and challenges faced
by investors in India.
Representatives from US companies such as
SunEdison, Bank of America, First Solar, Credit
Suisse, Apex Clean Energy, Sun Power, Deutsche
Bank etc, attended the meeting. A high powered
CII CEOs delegation also participated, including Dr
Preetha Reddy, Executive Vice Chairperson, Apollo
Hospitals; Ms Kiran Mazumder Shaw, CMD, Biocon;
Mr Shiv Khemka, Vice Chairman & CEO Sun Group;
Mr Sumant Sinha, Founder, Chairman & CEO, ReNew
Power Ventures Ltd, Mr Rajan Navani, Director, Jetline
Group; Mr Pranav Tanti, CEO Suzlon-IPP; Mr Rahul
Munjal, MD, Hero Future Energies Ltd, and Mr Kishore
Nair, COO, Welspun Energy.
CII and ACORE signed a Memorandum of Understanding
(MoU) to help solidify and bolster cooperation in the
clean energy sector through facilitation of dialogues
between industry experts, development of platforms
to deepen cooperation, as well as exchange policy
recommendations and best practices.
CII-USIBC Executive Roundtable
CII, in partnership with the US-India Business Council,
organized an Executive Roundtable over breakfast on
21 September in Washington DC. US Industry was
represented by companies such as DuPont, Dow
Chemicals, 21st
Century Fox, IBM, GE, and The Walt
Disney Company, among others.
Pranav Tanti, CEO, Suzlon-IPP; Rahul Munjal, MD, Hero Future Energies Ltd; Rajesh Menon, Deputy Director General, CII; Sumit Mazumder,
President, CII, and Chairman & Managing Director, TIL Ltd; Nirmala Sitharaman, Minister of State (Independent Charge) of Commerce &
Industry, India; Penny Pritzker, Secretary of Commerce,USA; M Rangaswami, Founder, Indiaspora; Chandrajit Banerjee, Director General, CII;
Congressman Ami Bera; Sumant Sinha, Founder & CEO, ReNew Power Ventures Ltd, and Rajan Navani, MD, Jetline Group;
at the CII-Indiaspora Reception, in Washington DC
spotlightIndia & the World

CII and the Carnegie Endowment for International Peace
(CEIP) recently co-organized a day-long conference titled
‘The Future of the US-India Partnership: Ten Years After the
Civil Nuclear Cooperation Initiative.’ The conference featured
some of the finest minds from both countries – individuals
who have been involved in strengthening the US-India
partnership over the past decade. The effort was to highlight
the landmark agreement, how it came about, and what it
sought to achieve while also stressing on the untapped
potential in the bilateral partnership as well as areas of
economic, commercial and strategic opportunity.
Mr Joseph Robinette Biden, Jr., Vice President of the
United States, delivered the keynote speech at the private dinner hosted on the occasion by Mr William J. Burns,
President, Carnegie Endowment for International Peace, and Mr Chandrajit Banerjee, Director General, CII.
US Vice President addresses CII Event
Joe Biden, Vice President of the USA, with Sumit Mazumder,
President, CII, and Chairman & Managing Director, TIL Ltd (left)
and Chandrajit Banerjee, Director General, CII, (right), at the CII-
Carnegie Endowment Conference in Washington DC
Secretary Arun Kumar, Director
General, US and Foreign
Commercial Service, and Assistant
Secretary for Global Markets,
US Dept of Commerce, USA;
Ambassador Vinai Thummalapally,
Executive Director, SelectUSA;
Assistant Secretary Puneet Talwar,
Bureau of Political-Military Affairs,
Dept of State, USA; Mr Frank
Islam, Head, FI Investment
Group; and Mr Sudhakar Shenoy,
Founder, Chairman and CEO, IMC
Inc, among others.
CII-ANSI Roundtable on Standards
On 22 September, CII, in partnership with the American
National Standards Institute (ANSI) organized a
roundtable on Standards in Washington DC.
ANSI and CII’s renewed commitment to fostering
Indo-US cooperation on Standards and Conformity
A s s e s s m e n t w a s
formalized through the
signing of a renewed
and expansive MoU.
The CII-ANSI MoU has
been mentioned in the
US-India Strategic and
Commercial Dialogue
Joint Statement, and
is one of the most
concrete deliverables
to come out of the
dialogue.
Chandrajit Banerjee; Piyush Goyal, Minister of State
(Independent Charge) of Power, Coal and New &
Renewable Energy, and Todd Foley, Senior Vice President-
Strategy, Policy & Government Relations/Chief Strategy
Officer, ACORE, at the Roundtable on ‘Financing
Renewable Energy’ in Washington DC
CII-Indiaspora Reception
Coinciding with the first ever
US-India Strategic & Commercial
Dialogue, CII, in partnership with
Indiaspora, hosted a Reception
on 21 September in Washington
DC to highlight and celebrate
the highly influential and thriving
Indian community in the United
States.
Ms Nirmala Sitharaman and
Ms Penny Pritzker addressed
this important gathering which
recognized the role of the three million strong diaspora's
role in fortifying the bilateral partnership.
The Reception brought together CEOs from India and
senior representatives of the US Administration, as well
as key people from The US and Indian communities.
A CII delegation, led by Mr Sumit Mazumder,
President, CII, and Chairman & Managing Director,
TIL Ltd, and including
Mr Sumant Sinha, Mr
Shiv Khemka, Mr Pranav
Tanti, Mr Rajan Navani,
and Mr Rahul Munjal, and
Mr Chandrajit Banerjee,
Director General, CII
attended the event.
Notable dignitaries
included Congressman
Ami Bera (the only Indian
American member of the
US Congress); Assistant
Praveen Dixit, Deputy Assistant Secretary for Trade Policy and Analysis,
US Dept of Commerce; Sumani Dash, Director & Head- USA & Canada, CII;
Chandrajit Banerjee; Sumit Mazumder; Arun Kumar, Director General, US
and Foreign Commercial Service and Assistant Secretary for Global Markets,
US Dept of Commerce; Holly Vineyard, Deputy Assistant Secretary for Asia,
US Dept of Commerce, and Joe Bhatia, President & CEO, ANSI, at the
CII –ANSI Roundtable on Standards in Washington DC
India & the World

In the week
preceding
these high-
level, intensive
activities in
Washington
D C , C I I
organized its
annual CEOs
delegation to
the United
States from 8-10 September. This was the first time
a CEOs delegation visited San Francisco and Silicon
Valley in California to bolster ties in areas such as
technology, innovation and entrepreneurship. The
delegation also visited Washington DC.
The delegation members included Mr Sumit Mazumder,
President, CII, and Chairman & Managing Director, TIL
Ltd; Dr Naushad Forbes, President Designate, CII, and
Director, Forbes Marshall Pvt Ltd; Dr Rajiv Modi, CMD,
Cadila Pharmaceuticals; Mr Deep Kapuria, Chairman,
Hi-Tech Group; Mr Rahul Munjal, MD & CEO; Hero
Future Energies Pvt Ltd; Mr Tarun Sawhney, Vice
Chairman and MD, Triveni Engineering & Industries Ltd,
and Mr Chandrajit Banerjee, Director General, CII.
In the West Coast, the CII delegation had a meeting
with Mr Ventatesan Ashok, Consul General of India in
San Francisco. They also participated in an Investors’
Roundtable hosted by CII in collaboration with
JM Financial and Axis Bank,
a luncheon meeting with US
Industry hosted by USIBC, and
an exclusive industry roundtable
with charted members of The
Indus Entrepreneurs (TIE)
followed by a larger public
event focusing on India today.
The delegates also visited the
Tesla manufacturing facility.
In Washington
DC, the CEOs
d e l e g a t i o n
m e t A m b .
Arun K Singh,
Ambassador
of India to
USA, and also
participated
in a public
session on
‘Getting to $500 Billion in US – India Trade,’ hosted
by the Atlantic Council.
CII, in partnership with the National Academies
of Sciences, organized a US-India Roundtable
discussion on Manufacturing Innovation, with two
panels exclusively dedicated to discussing challenges
for 21st
century manufacturing and opportunities for
collaboration, respectively.
The final leg of the mission consisted of meetings
with Congressmen, Senators and officials from the
Obama Administration. A meeting with Mr Stefan
Selig, Under Secretary for International Trade, US
Department of Commerce, was followed by a meeting
with Ambassador Michael Froman, United States Trade
Representative.
The delegation also met Members of the US
Congress and gave Indian Industry perspectives on
developments in terms of policy, pace of reforms and
ground reality in India.
CII concluded the week-long
CEO’s mission by hosting
a roundtable over dinner in
Washington DC where thought
leaders and senior industry
leaders discussed a range of
issues and identified potential
areas for collaboration ahead of
Prime Minister Modi’s visit.
CII CEOs delegation with Ambassador Arun Singh, in
Washington DC
CII-Atlantic Council Session in Washington DC
CII CEOs delegation with Ambassador Michael Froman, USTR
India & the World
CII Leadership Mission to the US

S
wachh Bharat
needs to be a
mass movement,
a ‘Jan Andolan,’
declared Mr Venkaiah
Naidu, Minister of
Urban Development,
Housing & Urban
Poverty Alleviation and
Parliamentary Affairs,
inviting the private
sector to be an active
partner in achieving this
mammoth goal, at the
National Conference
on Sanitation: Towards
S w a c h h B h a r a t
Creating Demand & Building Partnerships, organized
by CII in partnership with the Centre for Policy Research
(CPR) on 24 September in New Delhi. The Minister,
while sharing the three-pronged approach adopted for
the Swachh Bharat campaign, i.e. changing mindsets;
creating infrastructure; and establishing systems and
processes towards governance, emphasised that
people’s participation is a pre-requisite at all levels.
The Swachh Bharat Programme announced by the Prime
Minister last year, seeks to engage everyone collectively
in the task of cleaning homes, work places, villages,
cities and surroundings. In response to the call made
by the Prime Minister, CII launched Mission Sanitation
in Schools (Mission SoS) to support the Government’s
Swachh Vidyalaya Programme of constructing toilets in
schools. CII and the CII Foundation, a trust set up by
CII, undertook interventions in alignment with the overall
vision of the national goal of Swachh Bharat-Swachh
Vidyalaya. These included evangelizing sanitation in
Towards Swachh Bharat
schools among Industry;
c o n s t r u c t i o n a n d
maintenance of toilets
and promoting behavior
change; building a
knowledge repository on
innovations and good
practices with respect
to technology, designs
and models; and,
recognizing members’
efforts towards this
national goal. In the
next phase, CII and the
CII Foundation will work
to address sanitation
challenges of urban
communities through Industry engagement.
The conference focused on the scope and opportunities
in the sanitation sector as an emerging economy;
good practices and models which are replicable and
scalable, especially in areas of O&M (operations and
maintenance) and interventions leading to behaviour
change; possibilities for stakeholder engagement,
scope for partnerships and areas of partnerships and
collaborations; and policies and institutional frameworks
that can enable and strengthen efforts towards effective
and prompt delivery of the Swachh Bharat Mission.
Ms Sindhushree Khullar, CEO, NITI Ayog, spoke
about the on-going deliberations for incentivizing local
governments to prioritize sanitation delivery. The next
challenge will be to get the electorate to articulate
sanitation as a political demand, she said.
Mr Ajay Shriram, Immediate Past President, CII, and
Chairman & Senior Managing Director, DCM Shriram Ltd,
emphasized the need to understand the socio-cultural
Ajay S Shriram, Immediate Past President, CII, and Chairman & Senior
Managing Director, DCM Shriram Ltd; M Venkaiah Naidu, Minister of Urban
Development, Housing & Urban Poverty Alleviation and Parliamentary Affairs,
and Dr Pratap Bhanu Mehta, President & CEO, Centre for Policy Research,
at the National Conference on Sanitation, in New Delhi
focusdevelopment initiatives
Rohit Kakkar, Dy. Adviser, Ministry of Urban Development, Anjan Das, Executive Director, CII; Sindhushree Khullar, CEO, NITI Aayog;
Harpal Singh, Mentor & Chairman Emeritus, Fortis Healthcare and Chairman, Save the Children; D R Gupta, Executive Director, Railway Board,
and Hari Menon, Deputy Director - India Country Programmes, Bill & Melinda Gates Foundation

aspects and bring about awareness and behaviour
change, along with the construction of new toilets. He
suggested that the corporate sector could engage in
the Swachh Bharat programme in a number of ways,
including developing innovative and scalable designs
and through Corporate Social Responsibility (CSR)
initiatives. CII, he stated, is committed to partner the
Swachh Bharat Programme through its Mission SoS,
Sanitation for Urban Communities, and the national
mission on Smart Cities.
Dr Pratap Bhanu Mehta, President & Chief Executive,
Centre for Policy Research (CPR) suggested the need
for a clear conceptual framework including norms for
accountability and defining of the roles and responsibilities
of the public and private sector. He urged that toilet
construction should be embedded with other existing
national schemes such as ‘housing for all’ and ‘education
for all’ instead of being a standalone programme.
A Report, ‘Swachh Bharat: Industry Engagement - Scope
and Enterprise,’ jointly developed by CPR and CII, was
released at the conference. The Report maps the scope
and opportunities of private sector engagement and also
profiles 16 initiatives currently being undertaken in the
provision of sanitation services and infrastructure.
In the session on ‘Scope and Opportunities of the
Sanitation Economy’, senior Government representatives
from the Centre and the States shared their perspectives
and outlined the scope for private sector interventions.
The session also presented the potential impact of the
sanitation movement on specific Industry sectors like
cement, steel, FMCG, sanitaryware, etc.
The session on ‘The Essentials – Behaviour Change
and O&M’, saw representatives from Government at
the State and district level, Industry members, and
multi-lateral and social entrepreneurs share models that
have successfully transformed poor infrastructure and
brought about effective behavior change.
The conference also included a session on partnerships,
which looked at Public Private Partnerships (PPPs)
for achieving sustainable sanitation. The panelists
discussed the institutional arrangements and innovative
strategies that can help forge such collaborations, the
roles different parties can take, and examples where
such PPPs have worked.
With strong representation from the Central and
State Governments and Industry, the key speakers at
the conference included Mr Saraswati Prasad, Joint
Secretary, Ministry of Drinking Water and Sanitation;
Mr Harpal Singh, Mentor & Chairman Emeritus
Fortis Healthcare, and Chairman, Save the Children;
Ms Rumhjum Chatterjee, Group MD-HCD, Feedback
Infra; Mr Deepak Sanan, Additional Chief Secretary,
Himachal Pradesh; Mr Aniruddhe Mukherjee, Finance
Secretary, Madhya Pradesh; Dr Sudhir Kapur,
Chairman, CSR & Gender Equality Sub Committee,
CII (NR) and MD & CEO, Country Strategy Business
Consultants; Mr Sachin Jadhav, District Magistrate,
Anugul, Odisha, and Mr M Hari Menon, Deputy
Director, India Country Programmes, Bill & Melinda
Gates Foundation.
Sujoy Mojumdar, WASH Specialist, UNICEF; Swapnil Chaturvedi, President and CEO, Samagra; Deepak Sanan, Additional Chief Secretary,
Himachal Pradesh; Rumjhum Chatterjee, Deputy Chairperson, CII (NR), and Group MD – HCD, Feedback Infra; Sachin Jadav, District
Magistrate, Angul, Odisha, and Ravi Bhatnagar, Manager- External Affairs, Reckitt Benckiser
development initiatives
Saurabh Shah, Vice President & Business Head, Excel Industries Ltd; Shubhagato Dasgupta, Senior Fellow, Centre for Policy Research;
Saraswati Prasad, Joint Secretary, Ministry of Drinking Water & Sanitation; Sudhir Kapur, Chairman, CSR & Gender Equality Sub Committee,
CII (NR) and MD & CEO, Country Strategy Business Consultants; Aniruddhe Mukerjee, Secretary, Finance, Madhya Pradesh; Anuj Jain, CEO,
JSL Architecture and Lifestyle Ltd, and Gokul Venkatraman, Lead- New Business Development, Owens Corning India

development initiatives
This report explores the opportunities for investment
in sanitation by the private sector, and also profiles 16
initiatives currently being undertaken in the provision
of sanitation services and infrastructure either through
Corporate Social Responsibility (CSR) funding, Public
Private Partnerships (PPP), or independent corporate
funding.
Key findings
• Only 29% of the wards in India’s cities have 100%
solid waste collection.
• Only 17% of the waste generated in India’s cities
gets processed.
• Only 10-11% of waste water is safely collected in
urban India.
• 80.28% of sewage and wastewater is unsafely
disposed in rural India.
• 13,705 vacuum trucks are needed to de-sludge/
empty 68,524,854 septic tanks once in 2-3 years.
• India needs to build an estimated 1542 lakh toilets
by 2019.
• The estimated cost for implementing the Swachh
Bharat Mission, both capex (till 2019) and operation
and maintenance (O&M) expenses for 10 years, is
approximately ` 8.93 lakh crores.
• Another ` 43,200 crores is expected to be spent on
the soft skill component. The Government expects
significant engagement from the private sector,
including Industry and corporates.
Case Studies
The 16 case studies are represented under four
categories.
1. Rural Infrastructure Offers
• Swachh Sammaan by the CI Group: Swachh
Samman, a-ready-to-install toilet model for rural
areas at a nominal cost of ` 13,500.
• Open-Defecation Free (ODF) Communities by
the Swades Foundation: Working with Gram
Panchayats in making one District free of open
defecation.
• District-wide individual household latrines by the
Bharti Foundation: Endeavoring towards an ODF
District through CSR.
• Swachh Bharat, Swachh Vidyalaya by Tata
Consultancy Services: Partnering the Government
for sanitation infrastructure and services for
school-going girls.
2. Urban Infrastructure Offers
• Pay-and-Use Public Toilets by GMR Varalakshmi
Foundation: Enhancing public toilet usability
through the PPP model.
• Porta Toilets by JSL Architecture Ltd: Recycling for
public toilets by modifying old cargo containers
into toilets.
• Sewage Treatment Plant (STP) by Hindustan Zinc
Ltd: Collaborating at the city-scale by investing
in a sewage treatment plant.
• Waterless Urinals: Saving water for better use by
Ekam Eco Solutions - Innovating for resource
conservation in sanitation systems by decreasing the
intensity of water use and release of bad odour.
3. Service Propositions
• Safai Sena: PPP with the Northern Railways
by Chintan Environmental Research Group:
Stakeholder engagement by addressing multiple
environmental and livelihood concerns focusing on
waste from trains and railway stations in Delhi.
• Smart Public Toilets by Eram Scientific Solutions
Pvt Ltd: Customizable and automated electronic
toilets which can be kept in working order for a
longer period of time.
• Micro-loans for water and sanitation infrastructure
by The Guardian: Finance for sanitation inclusion
in rural areas.
• O&M of school toilet facilities in Pune by Samagra
Waste Management Pvt Ltd: Increasing usage
and O&M of community toilets.
• Management of Community Toilets in Pune by 3S
(An enterprise of Saraplast Pvt Ltd): Innovating
for resource conservation in sanitation systems
through comprehensive O&M solutions and ‘no
human touch’ approach.
4. Communication, Behavior Change and Education
focused Offers
• Domex Toilet Academy by Hindustan Unilever
Ltd: Creating sanitation entrepreneurs.
• Motivating ODF Villages through Behaviour
Change by Feedback Foundation: Catalyzing
community adoption and generating demand
at the grassroots for safe hygienic practices to
scale up interventions.
• Banega Swachh India Campaign by Reckitt
Benckiser Group repetition: Behaviour change
focusing on hand hygiene and sanitation.
Swachh Bharat: Industry Engagement- Scope & Enterprise

B
y cutting the repo rate by a sharper-than-
expected 50 basis points at its 4th
monetary
policy meeting, the Reserve Bank of India (RBI)
has finally accepted Industry’s call to lower borrowing
costs. The RBI had so far this year reduced the repo
rate by 75 basis points. Given its repeated warnings
on inflation, the expectation was for a further reduction
of at the most 25 basis points in the September policy.
However, with industrial growth remaining sluggish
during the current year, Industry has been hoping for
a more significant cut in policy rates.
With this move, the RBI has lowered the repo rate to
6.75% and the reverse repo to 5.75%, a four-year-low,
leaving the Cash Reserve Ratio (CRR) unchanged.
Evidently, the RBI has recognized the need for a further
push to spur the domestic growth trajectory, while
inflationary risks have subsided.
Domestic and External Factors
GDP growth had eased to 7% in the first quarter of
FY16, down from 7.5% in the previous quarter, indicating
persistent sluggishness in the economy. As a result,
the RBI has pegged down its growth forecast for 2015-
16 to 7.4% from 7.6% earlier. Low capacity utilization
due to subdued demand, especially from rural India
and external markets, may further impact investment
intentions.
On the other hand, the inflation situation has improved
considerably, with both wholesale and retail inflation
maintaining their downward trend in August. The RBI
expects Consumer Price Index (CPI) inflation to pick
up from September due to a reversal in the base effect
and reach about 5.8% by January 2016, well within the
RBI’s target of 6%. Once this is reached, the RBI will
further lower its inflation target to about 5.0% to be
achieved by the end of fiscal 2016-17.
Further, slow global growth also presents downside
risks to domestic economic activity. The International
Monetary Fund (IMF) estimates global GDP growth to
ease to 3.3% in 2015 from 3.4% in 2014, mainly on
the back of a slowdown in
emerging and developing
economies. Deterioration
in the global trade
situation, the evident
slowdown in China,
continued capital outflows
and currency depreciation
have pushed emerging
market economies on a
economy analysis
RBI Lowers Borrowing Costs
slow growth path, which may have a potential ripple
effect on India too.
The monetary policy stance adopted by the US Federal
Reserve has also been a decisive factor in the RBI’s
monetary policy. The US Fed rate hike, though imminent,
has been postponed to later this year, opening a window
of opportunity for the RBI, which it befittingly realized
by the 50 bps repo rate cut.
The RBI has been able to create some certainty about
the extent of the monetary stimulus it is willing to provide
and has been successful in boosting investor sentiment
for some time, until the US rate hike leads to capital
outflows from emerging markets, including India.
Impact on the Indian Economy
The RBI’s interest rate cut provides Industry with a much-
needed respite as a large number of commercial banks
have subsequently lowered their base rates by 20-40 bps.
The reduction in loan rates will help revive investment
activity and capital formation in the economy, giving a
boost to the infrastructure sector. Consumer demand will
revive with housing and real estate likely to look up, owing
to transfer of benefits arising from cheaper home loans.
The retail segment and consumer durables, particularly
passenger cars, will also benefit from lower borrowing
costs, especially in the upcoming festive season.
Taking a cue from the RBI’s front-loaded policy action,
the Finance Minister said the Government will work
towards better transmission of these rate cuts by
reviewing the framework and interest rates on small
saving schemes like PPF, NSC, Kisan Vikas Patra, etc.
He stated that the RBI’s policy move along with the
actions taken and planned by the Government will help
boost confidence and attract investment.
The RBI statement said that, going forward, the focus
will be on ensuring that the rate cut is passed on by
the banks. So far, the transmission of previous policy
actions by banks has been slow. In comparison to
the 75 basis point reduction in policy rates by the
RBI in the last eight months, banks have lowered
lending rates by about
30 basis points only. The
RBI noted that, though
the financial markets have
transmitted its past policy
actions via commercial
paper and corporate
bonds, the banks have
done so only to a limited
extent.

CII organized a Defence, Aerospace and Security
Industry delegation to London from 15-18
September, coinciding with the Defence Security &
Equipment International (DSEI 2015), the world’s
largest fully integrated defence and security exhibition,
held there.
On this occasion, CII, in partnership with the Ministry
of Defence and the Ministry of Commerce and Industry
organized a ‘Make in India: Global Investors’ Summit’
on 16 September. The seminar was held to explore
Boosting Defence Investment & Production
Energizing the Indian Aerospace Industry
co-development, co-production and investment
opportunities for the multi-billion dollars Indian market
in sync with the philosophy of ‘Make in India.’
Mr Rao Inderjit Singh, Minister of State for Defence,
addressed the Summit and interacted with businesses
interested in doing business with India. Mr Ranjan
Mathai, Indian High Commissioner to UK, as well
as senior officials from the Ministry of Defence, the
Ministry of Commerce and Industry and the Indian
High Commission, also participated in the interaction.
Aerospace has acquired a
unique niche in warfare due
to its indispensable position in
any type of conflict. Industry
has and will continue to play a
vital role in strengthening this
sector, both in terms of military
and civil use. Supporting this,
the Indian Government has
welcomed the involvement of
the Indian private sector in some
of its big ticket programmes. The
‘Make in India’ initiative has also
created abundant opportunities
for the Aerospace sector for
indigenous manufacturing as well
as integration into the global
supply chain.
CII, in association with the Indian Air Force and Centre for
Air Power Studies (CAPS) organized the 10th
International
Conference on ‘Energizing Indian Aerospace Industry-
The Road Ahead’ on 8-9 September in New Delhi.
Chandrajit Banerjee, Director General, CII (far right) addressing at the ‘Make in India: Global Investors’ Summit’ in London. Also seen (L-R)
Baba Kalyani, Chairman, CII National Committee on Defence, and CMD, Bharat Forge Ltd; Shubhra Singh, Joint Secretary, DIPP;
Gen AK Ahuja, DCIDS(PP&FD) MoD/Army; Rao Inderjit Singh, Minister of State of Defence; Sanjay Garg, Joint Secretary (DIP),
Ministry of Defence; Arun Ramchandani, Vice President and Head, Product & Technology Development Centre, Larsen & Toubro;
Görgen Johansson, President, Saab Dynamics AB; Mark Simpkins, Vice President & General Manager, India, BAE, at ExCeL London
The annual conference, over a
decade, has been highlighting
defence technologies in the
Aerospace sector, the design
and development of Aerospace
systems, indigenization, and
developing partnerships with
both public and private sector
companies.
In its 10th
edition, the conference
looked at the goals achieved so
far towards indigenization by
the Defence Industry, through
discussions on the progress
so far, the institutional thrust
towards ‘Make in India,’ setting
up an Aviation Industry in India,
designing an aerospace eco-system, and empowering
MSMEs.
A formal report, mainly comprising of key takeaways
from the deliberations, would be shared with the Ministry
of Defence shortly.
Air Marshal Vinod Patney, SYSM PVSM AVSM VrC
(Retd); Director General, Centre for Air Power Studies;
Air Marshal Sukhchain Singh, AVSM VSM, Air Officer
In-Charge Maintenance, Indian Air Force, and
Sujith Haridas, Deputy Director General, CII,
at the Conference on ‘Energizing the Indian
Aerospace Industry’ in New Delhi
sectoral synergydefence and aerospace

The Workshop on ‘Understanding the Nuances
of Intellectual Property (IP) for Defence
Manufacturing,’ held on 16 September in New Delhi,
explored various aspects of IP. Senior officials from
the Defence Research and Development Organization
(DRDO), as well as representatives of Indian and
international Industry shared their perspectives on
topics such as classification of IP, rights related to
usage of IP, technological organization and designs
for linking know-why, know-how and know-what for
in-house technology development, technology maturity
and readiness levels, IP through transfer of technology,
technology licensing, etc.
An important feature of the workshop was the
introduction to the methodology to conduct ‘technology
due diligence’ and IP valuation techniques. The
workshop also prepared the participants with a fair
knowledge on Intellectual Property to be able to draft
IP for Defence Manufacturing
Rights for Proposals (RFPs) independently, as also
enable proper valuation of technology intended to be
absorbed through Offsets.
Air Vice Marshal GPS Dua (Retd), Workshop Coordinator;
Rahul Chaudhry, CEO, Tata Power SED; S Radhakrishnan,
OS & Director, DIITM, DRDO, and Satish Kaura, Chairman,
CII Sub-Committee on Offsets, and CMD, Samtel Group,
at a workshop on ‘IP for Defence Manufacturing’ in New Delhi
Mr Kiran Karnik, Chairman, CII National
Committee on Telecom & Broadband,
and Mr Bhaskar Pramanik, Chairman, CII
National Committee on IT & ITeS, and
Chairman, Microsoft India, called on Mr
J S Deepak, newly-appointed Secretary,
Department of Electronics and Information
Technology (DeitY), on 15 September, in
New Delhi.
Mr Karnik presented the recommendations
of the Digital India Summit, organized
earlier in April this year, coinciding with
the first edition of the Global Exhibition on
Services (GES), to the Secretary. He also
updated Mr Deepak on the work being
undertaken by the CII National Committee
on Telecom and Broadband and the CII
National Committee on IT and ITeS for the
Digital India programme.
CII also presented a Compendium of
Cross-Company Best Practices highlighting
the success stories for Digital India, to Mr
Deepak.
Towards a Digital
India
CII organized an interaction with Mr Sudhanshu Pandey, Joint
Secretary, Ministry of Commerce and Industry, for members of the
CII Services Council on 7 September in New Delhi.
The discussions spanned various reforms and policy measures
undertaken by the Government and also put forth key issues and
challenges faced by some of the important areas of Services such
as Retail, Tourism and Hospitality, Logistics, and Legal, Architectural
and Professional Services.
Mr Sudhanshu Pandey requested CII to form sectoral committees,
bringing together the Government, Industry members and sectoral
associations, to deliberate on the challenges in Services exports,
and the way forward.
The meeting was chaired by Mr Malvinder Mohan Singh, Chair, CII
Services Council, and Chairman, Fortis Healthcare.
Interaction on Services
Sudhanshu Pandey, Joint Secretary, Department of Commerce, Ministry of
Commerce & Industry; Malvinder Mohan Singh, Chair, CII Services Council, and
Chairman, Fortis Healthcare; Amita Sarkar, Deputy Director General, CII, and
Dr George W Watts, Founder, Top Line Talent, at an interaction in New Delhi
defence and aerospace

sectoral synergy energy
I
ndia’s economic and social goals will
not be compromised, assured Mr Sushil
Kumar, Additional Secretary, Ministry of
Environment, Forest and Climate Change,
at the 4th
annual CII Climate
Change Conclave, held on 10
September in New Delhi. Providing
an insight into the position India
is likely to take at the up-coming
Conference of Parties (CoP) 21 in
Paris, he said, “We are not likely
to take sectoral commitments but will give
an economy-wide achievement and have
made provisions and scope for each sector
in the Intended Nationally Determined
Contributions (INDCs).
“While the nations debate
‘deep decarbonization’
at CoP21, there is no
argument that clean energy
must be adopted, energy
consumption must be
more efficient, and lifetime
costs of industry and
infrastructure should take
into account some rise in
temperature and the need
to limit this temperature rise to 2o
by the end of this
century,” said Mr Kumar.
The debate on Climate Change is heating up as we
draw closer to the CoP 21. “All countries will be bound
by an agreement which will be universal. The essential
argument being advanced by developing nations is that
this agreement should not impact their economic and
social development,” he said.
Mr Kumar said that India is set to announce its INDCs this
month, which will include the country’s vision to ensure
increased adoption of green energy and processes to
improve energy efficiency without compromising the
scope and pace of socio-economic development.
Urging Industry to look at what paths different sectors
would like to adopt, Mr Kumar said, “All sectors have to
come out with a strategy which will guide their actions
over the course of the next decade. Plans need to be
made keeping in mind timeframes of about 50 years.
These sectoral strategies can then be consolidated
and shared with the Government to enable them to
strategize for the next 10 years.”
Climate Change Conclave
Mr Kumar also shared that, for the first
time ever, the Government will host the
India Pavilion at CoP21, featuring exhibits
by Ministries, the States and Industry, to
showcase the country’s Climate
Change success stories, with
special focus on Renewable
Energy.
In his keynote address, Dr Ajay
Mathur, Director General, Bureau
of Energy Efficiency (BEE),
emphasized the role of renewables,
reforestation and energy efficiency in
mitigating Climate Change. The major
barriers to this process in India are the
upfront cost of investments
in renewables and energy
efficiency, especially due to
high interest rates, and land
acquisition for projects.
Rapid improvements are,
however, underway in these
areas, based on improved
business models and
upgrades in technology
and innovations, he said.
He cited the example of
the adoption of LED bulbs across the country as a
success story of technology adoption.
Dr Mathur also emphasized that adaptation is essential
to increase resilience and lower vulnerability to Climate
Change. Here too, the barriers include capital and
land availability, but the crux is to manage resources
and processes better, and communicate the benefits
of energy efficiency to stakeholders across the
consumption chain. A crucial resource to manage is the
flow and storage of water by developing underground
water reservoirs to capture flows of rivers or harvest
rainfall, he said.
Mr Ajay Goel, President, Solar Business, and Chief
Lead, New Business, ReNew Power Ventures Pvt Ltd,
spoke of the rising air pollution and greenhouse gas
emissions, and the urgent need to build systems to
ensure a cleaner, greener and energy-secure future.
Commending the Government’s initiative to take the
lead globally with its ambitious 175 GW renewable
energy capacity target by 2022, he reiterated Industry’s
commitment to realizing this vision.
Ajay Goel, President, Solar Business and Chief Lead, New Business,
ReNew Power Ventures Pvt Ltd; Susheel Kumar, Additional Secretary,
Ministry of Environment, Forest & Climate Change; and
Dr Ajay Mathur, Director General, Bureau of Energy Efficiency,
at the Climate Change Conclave in New Delhi

T
he 9th
edition of the CFO
Summit 2015, with the
theme of ‘Millennial CFO –
Driving Performance & Business
Value,’ hosted 200+ visionary Chief
Financial Officers (CFOs) and finance
professionals from various industry
verticals, to discuss how the role of
the CFO has changed over the years
to be part of the business instead
of chasing the
business, and
n o w d r i v e s
i n n o v a t i o n ,
differentiation,
c o m p e t i t i v e
advantage and
real value.
“ A s C F O s
you have to
u n d e r s t a n d
the interplay
of debt, equity
and leverage.
Operating with
thin equity is like
skating on thin ice. Leverage, on the other hand, is like
blood pressure, it should neither be too high nor too
low as both are injurious,” said Mr S S Mundra, Deputy
Governor, Reserve Bank of India (RBI), inaugurating the
Summit on 23 September in Mumbai.
“The role of the CFO is of a strategic advisor. In a start-up,
the question is not just of liquidity, there is also immense
pressure to scale up rapidly. But there should be the
necessary compliance, support and ecosystem. It is also
important to distinguish between income and revenue from
profit, because many companies consider both to be the
same,” he said. Calling for more women CFOs, he observed
that, “despite their stellar academic performances, women
CFOs are missing
from action. Men are
result-oriented while
women are process-
oriented. I believe
women would prove
to be good CFOs.”
M r M u n d r a ’ s
commentsconnected
to two key sessions
in the Summit, on
‘Start-up CFOs – Resilience, Volatility
& Growth’ and ‘Voices of Women
Leaders – Diversity & Challenges,’
which were addressed by start-up
company CFOs and women CFOs
respectively.
“A millennial CFO needs to be aware
of global financial architecture, with
the capacity to look at innovative
structured deals and the expertise
to leverage the
intangibles,” said
Mr Yaduvendra
Mathur, CMD,
EXIM Bank of
India.
These volatile
times call for
ICE, said Mr V
S Parthasarathy,
S u m m i t
Chairman, and
G r o u p C F O,
Group CIO, and
President (Group
Finance & M&A),
Mahindra & Mahindra Ltd. He elaborated that ‘I’ stands
for the ability of companies to innovate and adapt; ‘C’
is for Climate Change that will dramatically alter how
we do business in the future, and ‘E’ is for Experiential
Commerce, where business is driven by the kind of
experience companies can trigger in the customer.
A CII-Deloitte Report titled ‘Millennial CFO – Driving
Performance & Business Value,’ was released at the
Summit. The report looks at the changing business
scenario in India, where the CFO has to successfully
deliver the value of the business venture, playing different
roles from the evolution of the business to managing
market volatility, acceptance, and finally, growth.
The panel discussion
on ‘Start-ups CFOs’
looked at the CFO’s
role in defining,
growing and making
a start-up business
successful. A start-
up CFO has to
wear many hats,
as a risk mitigator,
strategic advisor and
Porus Doctor, Partner, Deloitte India; V S Parthasarathy, Chairman, CII CFO Summit 2015, and
Group CFO, Group CIO, & President (Group Finance & M&A), Mahindra & Mahindra Ltd;
S S Mundra, Deputy Governor, Reserve Bank of India; Sudhir Mehta, Deputy Chairman,
CII (WR) and CMD, Pinnacle Industries, at the CFO Summit 2015, in Mumbai
Prajakti Sachin Kotwal, CFO, Brinks India Pvt. Ltd; Vibha Padalkar, Executive Director
and Chief Financial Officer, HDFC Standard Life Insurance Company Ltd;
Latha Venkatesh, Executive Editor, CNBC - TV18; Neeta Revankar, CFO and
Member of the Board, Sasken Communication Technologies Ltd, and Jyoti Walunj,
Head - Finance & Accounts, Mahindra Agri & CE Business, Mahindra and Mahindra Ltd
sectoral synergyfinancial sector

business development leader in the changing regulatory
and global environment, to help build a sustainable and
value-creating organization, said Mr Kaushik Sen, CEO &
Co-Founder, Healthspring and Wellspring Healthcare; Mr Alok
Bansal, Co-Founder & CFO, Policy Bazar, Mr Amit Sinha, CFO
& VP – Business & People, Paytm; and Mr Sanjay Baweja,
CFO, Flipkart.
In the panel on ‘Voices from Women Leaders,’ Ms Neeta
Revankar, CFO & Member of the Board, Sasken Communication
Technologies Ltd.; Ms Vibha Padalkar, ED & CFO, HDFC Standard
Life Insurance Co., Ms Prajakti Kotwal, CFO, Brinks India Pvt. Ltd.;
and Ms Jyoti Walnuj, Head – F&A, Mahindra Agri & CE Business,
M&M Ltd. brainstormed on ‘Diversity & Challenges.’
The panels were moderated by Ms Menaka Doshi, Executive
Editor, and Ms Latha Venkatesh, Executive Editor, respectively
from CNBC TV 18, the Media Partner.
The session on ‘Innovation and Technology – The Road Ahead,’
discussed how new age CFOs need to guide the organization
to latest technologies, manage structural changes and improve
business processes in an era of new digital solutions such
as Big Data and Cloud Computing. The participants were Ms
Neelam Dhawan, VP & GM, Enterprise Group, and Country
MD, HP India; Mr Puneet Gupta, MD, Enterprise & Public
Sector Sales, Cisco India; Mr Manoj Chugh, President,
Enterprise Business, Tech Mahindra Ltd; and Mr Sunil Mehra,
VP, Middleware, Oracle India.
The one of its kind ‘Reverse Town Hall’ was novel in terms of
audience engagement, with the participants posting questions
through a special CII CFO Summit mobile-app, and participating
in live polls as well, on the increased need for governance to
help reduce costs, create value and enhance competition.
financial sector
Sanjay Baweja, CFO, Flipkart; Alok Bansal, Co-Founder and CFO, Policy
Bazaar; Menaka Doshi, Executive Editor, CNBC - TV18; Kaushik Sen, CEO &
Co-Founder, Healthspring and Wellspring Healthcare, and Amit Sinha, CFO
and Vice President – Business & People One97 Communications (Paytm)
Sunil Mehra, Vice President – Middleware, Oracle India; Puneet Gupta, MD,
Enterprise & Public Sector Sales, Cisco India & SAARC; Rajarshi Sengupta,
Senior Director, Deloitte Touch Tohmatsu India Pvt. Ltd; Neelam Dhawan,
Vice President and General Manager, Enterprise Group, and Country MD,
Hewlett-Packard India; and Manoj Chugh, President – Enterprise Business,
Tech Mahindra Ltd

I
n d u s t r y ,
both public
and private,
should adopt
one village each
towards ensuring
i n c l u s i v e
development,
said Mr Anant G
Geete, Minister of
Heavy Industries
& P u b l i c
Enterprises, at
t h e s e m i n a r
o n ‘ C S R –
Impacting People
Transforming Lives,’ organized jointly by CII and the
Department of Public Enterprises on 15 September
in New Delhi. Appreciating the work of the CII Public
Sector Enterprise (CPSE) Council on Corporate Social
Responsibility (CSR) and its support to Government
initiatives such as the Swachh Bharat Mission, under
which the CPSE has supported the building of a large
number of toilets, the Minister said such efforts would
go a long way in realizing a transformation in public
health, sanitation and hygiene.
Mr Geete released a CII CSR Compendium, ‘Transforming
Lives through CSR’ which is a pictorial and descriptive
narration of the exemplary work being done by Public
Sector Enterprises all over India including the North
East, Naxal-affected areas of Chattisgarh and Orissa,
and the tribal belts, resulting in improved literacy rates
and livelihood.
In his keynote address, Dr Madhukar Gupta, Additional
Secretary, Department of Public Enterprises, urged
companies to build bridges by bringing together different
stakeholders for the cause of nation-building.
Mr B Prasada Rao, Chairman, CII Council on Public Sector
Enterprises, and CMD, BHEL, said that recent years have
witnessed the role of CSR evolving significantly, from
mere philanthropy to social responsibility. He shared
BHEL’s novel efforts in the area of organ donation,
where all BHEL employees have pledged their eyes,
benefitting around 500 families already.
Setting the tone in Plenary Session I, Mr Vimal Wakhlu
Chairman, CII Sub-committee on CSR of the CII PSE
Council, and
C M D, T C I L ,
said that CSR is
touching people’s
lives, and should
be enhanced
through the use
of technology.
T h e s e s s i o n
shared examples
such as NTPC’s
construction of
24800 toilets
in about 15200
schools spread
over 17 States,
HPCL’s Nanhi Kali initiative to educate the girl child,
L&T’s skill-building initiative with 8 construction institutes,
and the community development programmes of the
Rourkela Steel Plant (SAIL).
In the panel discussion on ‘Post Companies Act 2013
– Challenges in Implementation of CSR Projects,’
representatives of leading PSEs shared their experiences
in the implementation of CSR activities. The concerns
ranged from promotion of livelihood and restoration of
Himalayas, to changes in the rules on expenditure on
CSR, and impact assessment parameters, and effective
use of CSR funding.
Ms Sibani Swain, Economic Advisor, Ministry of Corporate
Affairs, clarified the concerns raised by the participants.
A Quiz on CSR drew active participation.
Plenary Session III presented the Success Stories of
CSR, with representatives of organizations like BHEL,
Coca Cola, Ambuja Cement Foundation, and MECON,
among others, sharing their achievements in areas
such as water management, solar energy, healthcare,
women empowerment, education, sustainable livelihood,
skill development, sanitation and drinking water, and
waste management.
Dr Madhukar Gupta, Additional Secretary, DPE, who
chaired the session, stressed on finding cost-effective
solutions using limited resources.
Ms Varsha Joshi, Joint Secretary, Ministry of New and
Renewable Energy, highlighted the problem of traditional
chulhas in households, which is a source of pollution
and a huge health issue.
CSR - Impacting People, Transforming Lives
Dr Nalin Shinghal, CMD, CEL, Dr Madhukar Gupta, Additional Secretary, Department of Public
Enterprises; Anant G Geete, Minister of Heavy Industries & Public Enterprises; B Prasada Rao,
Chairman, CII Council on Public Sector Enterprises, and CMD, BHEL, and Vimal Wakhlu, CMD,
TCIL, at the Seminar on ‘CSR-Impacting People, Transforming Lives’ in New Delhi
manufacturing

T
he 14th
edition of
the Manufacturing
Summit, held on
24 September in Mumbai,
explored the changing
landscape of the Indian
Manufacturing sector,
caught between the slow
yet steady recovery arc
it is currently witnessing
buoyed by the high-profile
'Make in India’ campaign,
countered by the lacunae
in structural reforms.
With the theme of ‘Future of Indian Manufacturing:
Bridging the Gap’ the Summit analyzed trends and
sub-themes such as:
• Indian Manufacturing: Bridging the perennial gap
between aspiration and reality
• Envisioning the factory of tomorrow
• Make for India: The opportunity and challenges in
making for local markets
• Innovation in Indian Manufacturing
• Changing culture and mindsets in Manufacturing
Shop floors
“We have to do a lot to inspire both Indian and global
investors to invest in India. And this can happen
only through genuine partnerships, be it between
Manufacturing and Services, or business and labour.
We have to create 100 million jobs in the country to
remove inequality and poverty,” said Mr Ajay Shankar,
Chairman, Expert Committee on Regulatory Approvals,
Department of Industrial Policy and Promotion (DIPP),
Ministry of Commerce & Industry.
Commenting on the labour element of Manufacturing, he
said, “We have had some extraordinary successes but
are nowhere in the global scale for conventional labour-
intensive manufacturing. This is a weakness. Because
of rising labour costs, 300 million jobs are moving away
from China. There is a window of opportunity-we can get
50 million of those jobs if we get our act together.”
“We rate 140 in the global ‘Ease of Doing Business’ markers.
We can quickly get into the first 80 by simply matching
the best practices of different States in the country,” said
Dr Naushad Forbes, President Designate, CII, and Director,
Forbes Marshall Ltd.
“Some of the finest
Manufacturing companies
are based in India,
doing exemplary quality
production. We have
strength, but the question
is, how do we build on
those strengths and
improve the areas that
need improvement?”
We have to realize that
Industry cannot ask for
protection; the more
protective we become, the world will react in the same
way. Our strength must come from competitiveness
and not from protection,” stated Mr Jamshyd N Godrej,
Summit Chairman, Past President, CII, and Chairman &
Managing Director, Godrej & Boyce Mfg Co Ltd.
Other eminent Speakers at the Summit included Dr
Arindam Bhattacharya, Senior Partner & MD, BCG
India; Mr R Mukundan, MD, Tata Chemicals Ltd; Mr
Dilip Chenoy, MD & CEO, NSDC; Mr M S Unnikrishnan,
MD & CEO, Thermax Ltd; Mr Rajan Wadhera, President
& Chief Executive, Mahindra & Mahindra Ltd; Mr Jeff
Walters, Partner & MD, BCG Hong Kong; Mr Daniel
Kupper, Partner & MD, BCG Cologne; Mr Rakesh S,
Director, ISRO; Prof Rishikesha T Krishnan, IIM Indore;
Ms Geetika Kambli, Managing Partner, Future Factory;
Mr John Edwin, Sr Vice President & CO, TAFE; Mr
Amar Kaul, Territory Vice President and Business
Head, Ingersoll Rand; Mr Satendra Singh, Director
& Head, Manufacturing, Nokia Solutions Network;
Mr Virjesh Upadhyay, All India General Sescretary,
Bharatiya Mazdoor Sangh; Mr Vineet Kaul, Chief Human
Resources Officer, Hindalco Industries Ltd; Mr Pradeep
Bhargava, Co-Chair, CII National Committee on Industrial
Relations, and Director, Cummins India Ltd, and Mr
Sudhir Mehta, Deputy Chairman, CII (WR), and CMD,
Pinnacle Industries Ltd, among others.
A CII-BCG Report titled ‘Future of Indian Manufacturing:
Bridging the Gap’ was released on the occasion.
Underlining the efforts Industry and Government can
make to harness the potential of the Manufacturing
sector, the Report notes the progress achieved, and
the gaps that need to be bridged.
Future of Indian Manufacturing:
Bridging the Gap
Dr Arindam Bhattacharya, Senior Partner & MD, BCG India;
Pradeep Bhargava, Director, Cummins India Ltd; Dr Naushad Forbes,
President Designate, CII, and Director, Forbes Marshall Pvt Ltd;
Ajay Shankar, Chairman, Expert Committee on Regulatory Approvals,
Department of Industrial Policy and Promotion (DIPP, Ministry of Commerce
& Industry, and Jamshyd N Godrej, Past President, CII, and CMD, Godrej &
Boyce Mfg Co Ltd; at the 14th
Manufacturing Summit, in Mumbai
manufacturing

CII Communiqué: Catalyzing Growth in South Asia through Economic Integration

CII Communiqué: Catalyzing Growth in South Asia through Economic Integration

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CII Communiqué: Catalyzing Growth in South Asia through Economic Integration