CII Communique November 2017

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Communiqué November 2017 | 1

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ContentsVolume 39 No. 11 November 2017
newsmaker
05 Enhancing Ties with Italy
spotlight
06 Promoting 'Make in India' in Sweden
mindspace
10 Doing Business in India gets Easier
focus
26 India Economic Summit 2017
event
30 12th
International Railway Equipment Exhibition
and International Rail Conference
SectorScape
33 Energizing ‘Make in India’ in Defence
35 Ayurveda Conclave
plus...
Engaging with
the world
Building Capacity
Societal Interface
REGIONAL REVIEW
... AND MORE
cover story
Transforming the Food Economy
World Food India 2017 manifested the country's commitment to take its food processing
industry high in the global value chain, leveraging the sector's huge potential to generate
employment, boost the rural economy and promote inclusive growth. The three-day show was
organized by the Ministry of Food Processing Industries, in tandem with several key ministries,
partner countries, State Governments, and other organizations, with CII as the
National Event Partner, from 3-5 November, in New Delhi.

Delivering excellence in EPC solutions

4 | November 2017 Communiqué

M
r Paolo Gentiloni Silveri, Prime Minister of
Italy, and Mr Narendra Modi, Prime Minister
of India, interacted with select leaders
of Indian industry on 30 October in New Delhi.
Ms Shobana Kamineni, President, CII, and Executive
Vice Chairperson, Apollo Hospitals Enterprise Ltd,
participated in the meeting wherein business leaders
from India and Italy highlighted the opportunities that
exist for enhancing the bilateral trade and investment
relationship in various sectors, in the presence of the
Prime Ministers and senior ministers.
The meeting followed the India-Italy CEOs Roundtable
on ‘Revitalizing the Economic Connect’ held earlier in
the day.
The Government of India is working proactively towards
creating infrastructure and clearing bottlenecks issues to
create a conducive environment for business, said Mr
Ramesh Abhishek, Secretary, Department of Industrial
Policy and Promotion, Ministry of Commerce and Industry,
India, at the Roundtable. The FDI policy and rollout of the
Goods and ServicesTax (GST) are some of the bold steps
undertaken by the Government to facilitate investors,
he said. Railways, highways, waterways and ports are
being developed to halve the cost of logistics to pave the
way for competitive business, added Mr Abhishek. The
States, he said, have a critical role to play in improving
the ease of doing business in the country.
Ms Shobana Kamineni noted that India is a $2.4
trillion economy which will grow to $4 trillion by
2022. The India-Italy CEOs dialogue is an important
forum to catalyze bilateral engagement and explore
new avenues of cooperation, she said, noting that
the range of specific sectors for cooperation is large,
including manufacturing, services and most importantly,
knowledge-led industries.
Mr Michele Scannavini, President, Italian Trade Agency,
described the roundtable as an excellent opportunity to
further deepen and strengthen the ties between Italy
and India to explore joint ventures and partnerships.
‘Make in India’ is a significant step towards boosting
the manufacturing sector of India, and Italy is uniquely
positioned to partner with India in this, he said.
Enhancing Ties with Italy
Indian and Italian CEOs at the India-Italy CEOs’ Roundtable in New Delhi
Paolo Gentiloni Silveri, Prime Minister of Italy, and Narendra Modi, Prime Minister of India, at an interaction with
Indian and Italian CEOs in New Delhi
Photo credit: Ministry of External Affairs, India
newsmaker
india & the world

spotlight
india & the world
C
II, in association with the Department of
Industrial Policy & Promotion (DIPP), Ministry of
Commerce and Industry, Government of India,
organized Make in India Sweden from 12-13 October
in Stockholm. This intense engagement, the first of
the ‘Make in India’ series outside India, promoted
the ‘Make in India’ initiative with an aim to amplify
India’s outreach efforts with a two-day program focused
around high-potential investment opportunities in India
for Swedish companies. The DIPP, in coordination with
stakeholders, showcased various initiatives to enhance
Foreign Direct Investment (FDI) and Ease of Doing
Business (EoDB), undertaken by the Government of
India for the past three years, with special focus on
sector-specific reforms through sectoral seminars.
India-Sweden Business Leaders’ Roundtable
As a precursor to the Make in India sessions, the second
edition of the India-Sweden Business Leaders’ Roundtable
(ISBLRT) with focus on economic cooperation between the
two countries, was held on 11 October in Stockholm.
In a special address, Mr Stefan Löfven, Prime Minister
of Sweden, who was the Chief Guest, observed that
Indo-Swedish cooperation would positively impact the
global economy at large.
Mr Mikael Damberg, Minister for Enterprise and
Innovation, Sweden, highlighted Indo-Swedish shared
values for growth and cooperation.
Mr Suresh Prabhu, Minister of Commerce and
Industry, India, invited ISBLRT members to actively
Promoting 'Make in India' in Sweden
Suresh Prabhu, Minister of Commerce
and Industry, India, and Stefan Löfven,
Prime Minister of Sweden, addressing
the India-Sweden Business Leaders'
Roundtable, in Stockholm
T Suvarna Raju, Chairman, HAL; C P Gurnani, MD & CEO, Tech Mahindra; Sunil Bharti Mittal,
Past President, CII, and Founder & Chairman, Bharti Enterprises; Shobana Kamineni,
President, CII, and Executive Vice Chairperson, Apollo Hospitals Group; Baba Kalyani, CMD,
Bharat Forge Ltd (Indian Co-Chair), and Chandrajit Banerjee, Director General, CII,
at the India-Sweden Business Leaders’ Roundtable
Members of the India-Sweden Business Leaders' Roundtable with Suresh Prabhu and Stefan Lofven

share innovative ideas across sectors which have high
potential and are currently considered sunrise sectors.
He also sought suggestions from the members on
India’s upcoming industrial policy.
The session brought together business leaders
from India and Sweden who formed four joint
working groups in the areas of Digitization, Smart
Cities, Defence and Security, and Skill Development.
The session addressed the progress update of the
four joint working groups and the work plan for the
upcoming year.
Key Recommendations
• Smart Cities: The focus would be on Transport,
Energy, ICT, and Water and Waste, and on the critical
financing aspect across all these verticals. The cities of
focus would be Kanpur, Panaji, Ludhiana, Kakinada and
Navi Mumbai.
• Digitization: Collaborative delegation missions
would be organized to manufacturing companies,
start-ups and institutions in Sweden to enable Indian
companies to replicate some of the best practices
in their own manufacturing processes. A ‘Common
Minimum Program’ to be set up where Swedish and
Indian companies can come up with joint products on
Industry 4.0 and Internet of Things (IoT) for international
markets, with a focus on Fintech, Retail, Manufacturing
and Aerospace.
• Defence: A group to be set up for vocational training
in the Defence sector in India.
• Skill Development: Skill academies to be established
with four stakeholders - Swedish companies, Swedish
skill training organizations, Indian private universities,
and the National Skill Development Corporation (NSDC)
India.
Make in India – Sweden
The ‘Make in India’ inaugural session
was addressed by Mr Suresh Prabhu
and Ms Ann Linde, Minister for Foreign
Trade and EU Affairs, Sweden.
Highlighting that Sweden is an important
partner for Indian companies and a
pioneer for ‘Make in India,' Mr Suresh
Prabhu pointed out that it is imperative
for India to develop its entire value chain
of industrialization which includes R&D, design, innovation,
manufacturing, domestic consumption and exports.
Swedish businesses identify India as the economy that
would ensure the growth of their businesses, said Ms
Ann Linde, stressing that reforms such as the Goods
and Services Tax (GST) and the new IPR Policy are
extremely important for partnerships and joint ventures
between the two countries. These measures would be
essential for breaking logistics barriers, and for protection
of intellectual rights as well as investment, she said.
Business leaders, owners, decision-makers and CEOs
of various Swedish companies with operations in India,
including Mr Leif Johansson, Chairman, Ericsson and
AstraZeneca; Mr Alrik Danielson, President and CEO,
AB SKF; Mr Carl Bennet, Chairman, Getinge, Elanders
and Lifco; Mr Magnus Brännström, CEO and President,
Oriflame, and Mr Henrik Gunnerling, Global Head of
Purchasing, IKEA, shared their positive experiences,
and encouraged prospective investors to explore India
as their next investment destination.
Sectoral Roundtables and Sessions
• Automotives: Dr Asha Ram Sihag, Secretary,
Department of Heavy Industry (DHI), India, stressed
the importance of the automobile sector for cooperation
spotlight
Chandrajit Banerjee addressing the session on Make in India, in Stockholm. Also seen (L-R): Monika Kapil Mohta, Ambassador of India to
Sweden; R V Deshpande, Minister of Large and Medium Industries and Infrastructure Development, Karnataka; Jan Salestrand, State Secretary
to the Minister of Defence, Sweden; Suresh Prabhu; Ann Linde; Minister for Foreign Trade & EU Affairs, Sweden, and Devendra Fadnavis,
Chief Minister of Maharashtra

between the two nations.
Mr Subhash Desai, Minister
of Industries, Maharashtra,
and Mr R V Deshpande,
Minister of Large and
M e d i u m I n d u s t r i e s
a n d I n f r a s t r u c t u r e
Development, Karnataka,
p r e s e n t e d t h e i r
respective States as
hubs for automobile
manufacturing, and as
ideal locations for Swedish
OEMs and component
manufacturers to set
up their factories. While
Mr R V Deshpande described the new policies
introduced in Karnataka such as the electric mobility
and battery policy to promote green and electro-
mobility, Maharashtra showcased pilot projects for
public transportation, including hybrid and biogas-
based systems where the fuel is derived from waste
collected from the city.
Ms Ann Sofie Hermansson, Mayor of Gothenburg,
presented the city model to demonstrate how multiple
manufacturers can come
together for joint innovation
and development of
technology to mutually
benefit all participants.
Gothenburg, she said, is
willing to partner with
Indian States/ cities to bring
in the same development
concept.
• Industrial Goods: Dr
Asha Ram Sihag stated that
the capital goods sector in
India is targeting growth from
a market size of $37 billion in
2015 to $80 billion in 2025.
Six centers of excellence
have been set up to provide
training to upgrade workers
in this sector, and common
engineering centers are also
being established to provide
facilities for R&D activities
for companies in the sector,
he added.
• Smart Cities: This
session focused on the
immense opportunities
available for Swedish
companies commensurate
to India’s rapid growth
in urbanization and the
contribution of the urban
sector to the nation’s GDP.
Currently around 1/3rd of
the Indian population lives in
urban areas and contributes
around 2/3rd of Indian GDP,
which is expected to rise to
around 75% by 2020.
At present 90 Smart Cities
have been selected while 10 more will be identified
for development in the current financial year. This
would entail investment of around $29 billion in various
projects for e-governance, traffic management, high
capex solutions for mobility, energy, and waste to
energy, to name a few. Investment opportunities in
these cities would include solutions for water treatment/
recycling, sewage treatment, converting waste to
energy, sustainable energy, traffic management,
including adaptive traffic
management systems,
high efficiency and hybrid
electric buses, among
others.
• Innovation: Speakers
shared the several steps
India has taken to promote
innovation and R&D in
the country, including
the introduction of the
New IPR Policy, which
further ensures simpler,
transparent and faster
process for filing and
approvals of patents and
trademarks.
SAAB, a leading Swedish
organization has already
established an R&D center
in India in collaboration
with Tech Mahindra, and
is poised to showcase its
products to the world from
India.
Smart Manufacturing Mission
A CII Smart Manufacturing Mission visited Sweden
from 9-13 October to get a firsthand understanding
of the best practices followed by leading Swedish
manufacturing companies.
The delegation visited the manufacturing facilities of
companies such as Tetra Pak, Ikea, Volvo, ABB and
Sandvik.The companies shared how they create value
for the consumer through co-creation, innovation and
R&D, building partnerships with universities, etc.
These companies also showcased how they were
adopting automation to improve productivity.
The delegation was led by Mr Kamal Bali, Chairman,
CII Karnataka, and President and MD, Volvo Group
India Private Ltd.
CII delegation at the IKEA factory in Älmhult
Key Takeaways of Make in India, Sweden
• Projecting India's achievements as an attractive
investment destination for Swedish companies
through sectoral seminars, G2B and B2B meetings
• Showcasing high growth investment opportunities
through flagship missions across sectors and States
of India
• Highlighting high-impact changes in the Indian
policy landscape to facilitate doing business in
India.
The effort generated interest and helped build
confidence in Swedish investors to consider India
as an attractive investment destination.
spotlight

spotlight
Ms Elisabeth Nilsson, Governor of Östergötland,
explained the Swedish Triple Helix Model for Innovation,
which includes participation from Government,
industry and academia, resulting in a 360-degree
innovation model leading to sustainable development
of society.
• Healthcare: Key aspects for collaboration in this
space were identified as public healthcare systems,
digital health, and innovation, with an emphasis on
investment opportunities in pharmaceuticals and medical
devices in India. India currently exports 20% of global
generics and hence is the largest global player. With
the new IPR policy in place, it has the potential to
become the biggest drugs manufacturer and exporter
in the world.
Speakers from the Indian delegation highlighted
possibilities for collaboration between India and Sweden
in the entire healthcare value chain, especially with
respect to services reaching even the most interior
parts of India. This would entail a massive overhaul
of ICT systems, including remote consultations and
quick evacuation in case of emergency.
Session Snapshots

I
ndia’s rank on the World Bank's Doing Business
Report 2018 has registered a quantum jump by 30
points from 130th
(out of 190 economies) in the
previous year to 100th
position in the latest survey. The
country in the last 3 years has moved up 42 positions,
thanks to the Government’s strong commitment to
create a better investment climate. The journey has
been made possible due to several proactive initiatives
undertaken by the Government in the last few years,
towards making the business environment more investor-
friendly, and at par with international standards.
A plethora of reforms undertaken by both the Central and
State Governments has helped in simplifying complex
regulations, resulting in a remarkable improvement in
India’s ranking. The Government worked extensively in
identifying the pain point areas of industry by engaging
with them on various platforms and undertaking policy
measures for the speedy resolution of the identified
issues. Reforms like creating digital platforms for
compliance and approval procedures, annulment of
1200 archaic laws, changes in over 7000 laws, rules
and procedures, integration of documentation, and
use of technology, among others, have made business
processes simpler and faster.
Crucial Ease of Doing Business (EoDB) reforms have been
undertaken by the State Governments of Maharashtra and
Delhi, with Mumbai and Delhi being the two cities surveyed
by the World Bank for the report. For instance, Maharashtra
has effectively rolled out the digital single window system for
granting online approvals and clearances and has developed
a GIS system. Similarly, Delhi has undertaken initiatives on
paperless courts like e-filing, publishing e-cause list and
e-summons, and has introduced a fast-track online approval
system for building permits.
The report indicates a massive improvement in India’s
ranking across 6 out of 10 indicators, namely, PayingTaxes,
Resolving Insolvency, Getting Credit, Protecting Minority
Investors, Enforcing Contracts and Construction Permits.
India’s performance in absolute terms, Distance to Frontier
(DTF), shows improvements in 9 out of 10 parameters.
Areas like Starting a Business, Getting Electricity, and
Trading across Borders have improved in the DTF, but
these improvements do not reflect in the rankings as
other countries have done better in these aspects.
The highest surge of 53 points, from 172 to 119, is seen in
the parameter of PayingTaxes.This can mainly be attributed
to the introduction of the online system and reducing the
time taken to complete applications for the Employees'
State Insurance Corporation (ESIC). The quantum leap of
15 positions in two other parameters, Resolving Insolvency,
and Getting Credit, is mainly due to the landmark
implementation of the Insolvency and Bankruptcy Code
2016. Under its provision, operationalization of the Debt
Recovery Tribunal and the National Law Company Law
Tribunal has not only expedited insolvency resolution, but
also provides an assurance of time-bound resolution to
potential creditors.
‘Work in Progress’ in areas like construction permits,
enforcing contracts and starting a business has not been
weighed in this year’s rankings. The Goods and Service
Tax (GST), could not be accounted for this year as it
was introduced after the cut-off date for the World Bank
indicators. Nevertheless, the reforms are being felt on
ground, in terms of simplification of procedures, and
compliance. Measures like Single Window Interface for
FacilitatingTrade (SWIFT), introduction of Integrated Risk
Management System, and reduction in documentation
have also been introduced to facilitate trading across
borders. These have helped reduce transaction costs
and time at the ground level. The factoring of these
reforms in next year’s rankings will provide a further
boost to India’s performance and rankings.
It must be noted that, while India has been successful
in entering the league of the top 100 economies, the
country continues to work on a wide range of reforms
including digitization of land records, implementation of
single window system across all States, and ensuring
uniformity in customs procedures at a pan-India level.
These efforts will ensure that India leapfrogs to the top
50 economies in the coming years.
mindspace
economy
Doing Business
in India gets Easier

I
ndia has walked the talk, stated Mr Narendra Modi,
Prime Minister of India, congratulating a gathering
of stakeholders at a conclave on 'India Business
Reforms' organized to celebrate the transformational
improvement in India’s business environment, by the
Department of Industrial Policy and Promotion (DIPP),
Ministry of Commerce and Industry, in collaboration with
CII and other bodies, on 4 November in New Delhi.
The World Bank Rankings, said the Prime Minister,
serve as a benchmark of good governance and
transparency leading to ease of living. Recalling his
famous mantra, ‘Reform, Perform and Transform,’
Mr Modi described the constant efforts of the
Government to bring all the stakeholders on board
while undertaking EoDB reforms.
Stressing that business is the engine of growth and
employment and provides goods and services, the
Prime Minister said the Government is positioning
India as a start-up center, to leverage the energy of
its youth. This initiative combines the programs of
Make in India, Start-up India, Digital India, and Skill
India, he said.
Showing the way forward, he said the World Bank
report has considered only the reforms implemented
until May 2017, but there are several other reforms
in the country which are in the gestation period and
require time to stabilize.
There are also certain reforms where India and the
World Bank need to find a common ground. Taking
all these factors into account, India’s performance in
the next Doing Business report will certainly improve,
he said, calling all stakeholders to adopt a collective
approach for effective implementation of the reforms
introduced.
'Reforms have been implemented
on the ground under the leadership
of Prime Minister Modi. Legislative,
administrative and policy reforms have
been undertaken, and a new business
culture is now evolving.’
Suresh Prabhu,
Minister of Commerce and Industry
‘A jump such as India’s is rare, and
even more so for such a large country.
The Indian Government is harnessing
technology for simplification and
reduction of administrative barriers.
It has implemented GST and is
working on infrastructure development. India is also
investing in people. Its success would translate
to the world.’
Kristalina Georgieva, CEO, World Bank
‘India is undergoing a paradigm shift
and is in the process of re-engineering.
The bureaucracy is dismantling the
administrative burden. This is being
done with the dedication of the States.
As many as 17 States have implemented single-
window systems.’
Ramesh Abhishek,
Secretary, DIPP
‘The Government of India has put in
great efforts to ease doing business.
Further improvements can be
sustained through close partnership
between the public and private sector.
CII would actively partner with the Government, at
both Central and State levels, to help India achieve
the target of entering the top 50 nations in the
ranking very shortly.
Several key areas of reforms need to be worked
upon to further improve the ease of doing business
in India, especially in land procurement, and labor
laws. The Shram Suvidha Portal should be adopted
by all States.’
Shobana Kamineni, President, CII, and Executive
Vice Chairperson, Apollo Hospitals Enterprise Ltd
VOICES
mindspace
India’s Business Reforms

mindspace
I
ndian industry celebrates the quantum jump in India’s
Doing Business rankings and felicitates the Government
led by Prime Minister Narendra Modi for this huge
improvement. It is indeed an impressive and major
achievement, showing that India can deliver on reforms.
Three years ago, the Prime Minister announced the
ambitious aspiration of taking India’s place in the World
Bank’s Doing Business rankings to 50. In the latest
report, India has shot up by 30 places to the 100th
rank,
bringing this target within the realm of reality. For Indian
industry, which has long been waiting for changes in
the operating environment, this turbo-charged climb is
a huge relief, generating optimism that the investment
climate will further improve in days to come.
The latest ranking shows how far a committed, mission
mode approach driven by a determined leader and actioned
by multiple ministries and departments can take the
country.TheWorld Bank looks at processes in 10 areas, and
each of them requires strategies down the administrative
chain to the last interface with industry. The impressive
surge in India’s position, the most by any country in this
year’s report, reflects the aggressive and transformational
policies that translated into real action on the ground.That
the different arms of the Government as well as State
Governments can come together, pulling as one, for such
a campaign, is itself a cause of celebration.
The World Bank report is the first touchpoint for overseas
investors contemplating business in another country.
As such, its rankings are closely examined and can
determine the investment attractiveness of a country.
Although its methodology has been changing over the
years, leading to shifts in ranking, India’s leap from
142nd
position in the report for 2015 to 100th
this year
will entice investors to examine the opportunities in the
country more closely. Already, foreign direct investment
inflows are at a peak level of $60 billion in 2016-17, and
this can be further expected to climb upwards.
The World Bank assessment includes a score showing
the gap or distance to the perfect performance of 100.
India’s score has been going up over the years, scaling
from 50.34 in 2014 to 56.05 in 2017 and 60.76 in the
latest report, which shows the highest score at 86.55 for
New Zealand. India has displayed upward movement for
9 of the 10 indicators, and went up in the rankings for 6
indicators with reforms noted in 8 of 10 parameters. The
highest improvement was in ‘paying taxes’ where the
rank increased by as much as 53 spots, while ‘resolving
insolvency’ went up by 15 ranks and ‘getting credit’ by
15. In ‘protecting minority investors’ India has emerged
as somewhat of a global model with a rank at 4.
In many of the areas, the Government has prioritized
reducing the direct interface with enterprises by
placing approvals and clearances on digital platforms.
The electronic Simplified Proforma for Incorporating
Companies Electronically (SPICe) makes it easier to
start a business and also combines various identification
details. For exports and imports, the Single Window
Interface for Facilitating Trade (SWIFT) was rolled
out to eliminate the need for physical submission of
documents. Judicial processes for commercial disputes
too have gone digital, with e-filing, e-payments, and
e-summons, along with electronically signed orders.
The Government has actually gone much beyond the
World Bank’s requirements, which essentially look at
processes in just two cities, Mumbai and Delhi. The
most critical aspect of the Government’s campaign for
The quantum jump in India’s Doing Business rankings is
indeed an impressive and major achievement, showing that
India can deliver on reforms, says Chandrajit Banerjee
Huge Boost to
Business

mindspace
investment facilitation is its effort to take the States
on board and work with them to address the business
climate for tangible improvement at the grassroots.
The Department of Industrial Policy and Promotion (DIPP),
the nodal agency for the Ease of Doing Business (EoDB)
reforms, finalized a 98-point action plan in consultation
with the State Governments in December 2014, and
assessed their performance with a report in September
2015. The performance of the States remained quite
low in this report. However, in 2016, with 340 actions
identified by the DIPP, remarkable progress was seen
with as many as 12 States achieving over 90% of the
reforms. The current year’s action plan includes 376
reforms cutting across areas such as regulations, labor
reforms and self-certifications, resolution of commercial
disputes, and digitization and online land systems.
All these have translated into better results for businesses.
With more and more processes going online, there is
a visible difference in the way enterprises interact with
Government departments. Transparency and efficiency
are being introduced into the system, and lower human
interface reduces chances for corruption.
Prospects for the future are promising. The landmark
reform of the Goods and Services Tax (GST) was not
included in this year’s list as it did not meet the World
Bank’s cut-off date. Some other key reforms relating to
the Insolvency and Bankruptcy Code, bank recapitalization,
and public procurement for small enterprises also have
not found place in the report. Further, several reform
areas, such as disinvestment or identification of stressed
Chandrajit Banerjee is Director General, CII. An edited transcript of
this article was published in the Asian Age on 3 November.
assets, are not counted amongst the 10 parameters. With
the Government remaining firm and consistent in the
pace of reforms, and State Governments competing to
attract investments, we can only expect India’s position
to continue to go up.
Industry has been deeply involved in the entire EoDB
process which has been consultative and proactive.
CII continuously submits inputs on choke points for
industry and is working with State Governments in the
reforms process. We have found the DIPP, Government
agencies and State Governments to be responsive and
forthcoming, keen to identify the issues and resolve
them at the earliest. This consultative partnership is
an exemplary model for the future.
There is, of course, a long way to go before all of India
evolves a facilitative investment climate. Among the 10
parameters, India’s rank declined in 4 over last year. The
country remains among the low performers in ‘dealing
with construction permits’ and ‘enforcing contracts’. The
States, too, exhibit wide variation in actioning reforms.
However, the big jump in rankings shows that achieving
impressive results within a year is quite possible.
With a whole-of-Government approach, it is clear that
Ease of Doing Business is a high priority on the policy
agenda. The latest rankings reward all the hard work of
the last three years, and assure us that breaking into
the top 50 rank is a dream to be achieved soon. Kudos
to the Government!
A Journal of
Confederation of Indian Industry
For more details, Please contact: Ms Sarita Sawhny, Confederation of Indian Industry
249-F, Sector 18, Udyog Vihar, Phase IV, Gurgaon-122 015 (Haryana), India, Tel: 91-124-4013866 / 4014060-67 • Email: sarita.sawhny@cii.in
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cover story
food processing
World Food India 2017 manifested the
country's commitment to take its food
processing industry high in the global value
chain, leveraging the sector's huge potential
to generate employment, boost the rural
economy and promote inclusive growth. The
three-day show was organized by the Ministry
of Food Processing Industries, in tandem
with several key ministries, partner countries,
State Governments, and other organizations,
with CII as the National Event Partner, from
3-5 November, in New Delhi.
Our cover feature brings you vignettes of the
mega event that successfully served up the
immense potential of the vital food sector.
Transforming the
Food Economy
• India showcased as the preferred investment destination in the
Food Processing sector
• Prime Minister Modi launches ‘Nivesh Bandhu’, an Investors’ Portal
• Prime Minister Modi releases a commemorative stamp on
Indian cuisines
• The President of India terms World Food India the 'Kumbh Mela
of Indian Food’
• 50 MoUs worth $11.25 billion signed by the Ministry of Food
Processing Industries
• Various States sign MoUs worth $2.5 billion
• 7,000 delegates, 800 exhibitors
• Representatives from 60 countries and 28 States
• 5,000 B2B meetings
• 35+ knowledge sessions
Ingredients of World Food India
Narendra Modi, Prime Minister of India, addressing the inaugural session of World Food India 2017 in New Delhi.
Also seen Front Row (L-R): Ivan Scalfarotto, Deputy Minister of Economic Development, Italy; Sadhvi Niranjan Jyoti, Minister of State of Food
Processing Industries, India; Raman Singh, Chief Minister of Chhattisgarh; Esben Lunde Larsen, Minister for Environment and Food, Denmark;
Harsimrat Kaur Badal, Minister of Food Processing Industries, India; Serzh Sargsyan, President of Armenia; Maris Kucinskis, Prime Minister of Latvia;
Rishad Bathiudeen, Minister of Commerce & Industry, Sri Lanka; Bransilav Nedimovic, Minister of Agriculture and Environment Protection, Serbia;
N Chandrababu Naidu, Chief Minister of Andhra Pradesh, and Peter Bleser, Vice Minister of Food and Agriculture, Germany
Back Row: (L-R): Shobana Kamineni, President, CII, and Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd; Pieter Boone, COO,
Metro Cash & Carry; Noel Tata, Chairman, Trent Ltd, and MD, Tata International; Frederik Vossenaar, Minister of Agriculture, Netherlands;
Ted Mckinny, Under Secretary, USA; Masaaki Taniai, Minister of Agriculture, Forestry and Fisheries, Japan; Paul Bulcke, Chairman of
Board of Directors, Nestle; Amanda Sourry, Global President, Unilever; and J P Meena, Secretary, Food Processing Industries, India

cover story
'India can become a
global food sourcing hub'
With conducive policies such as 100% FDI in e-commerce and special
incentives from the Government, the food processing sector in
India offers many investment opportunities, said Mr Narendra Modi, Prime
Minister of India, inviting global supermarket chains to look at India as
a global sourcing hub, while inaugurating World Food India.
Our horticulture sector has shown an average growth rate of 5.5%
annually over the last ten years, he said, calling for more investment
in areas such as contract farming, raw material sourcing and creating
agricultural linkages. He also pointed to opportunities in cold chains,
refrigerated transportation and creating value addition in niche areas
such as organic and nutritional foods.
The Prime Minister stated that the Government is committed to develop the competitiveness of the sector
through schemes such as Pradhan Mantri Krishi Sampada Yojana, mega food parks, modernization of markets,
quality control laboratories, and priority sector lending, to facilitate forward and backward linkages.
For centuries, said Mr Modi, India has welcomed traders from distant lands, who came in search of our
distinctive spices. “Food processing is a way of life in India. It has been practiced for ages, even in the
humblest of households. Simple, home-based techniques have resulted in the creation of our famous
pickles, papads, chutneys and murabbas that now excite both the elite and the masses across the world,”
he observed.
Showcasing the big picture, Mr Modi said that India is today one of the fastest-growing economies in the
world. “The Goods and Services Tax has eliminated the multiplicity of taxes. India has jumped thirty ranks
this year in the World Bank Doing Business rankings. This is the highest-ever improvement for India, and
the highest jump for any country this year,“ he pointed out.

cover story
World Food India (WFI), in its maiden edition, effectively
set in motion the transformatory process of the Indian
food processing industry, bringing together delegates,
exhibitors and representatives from over 60 countries
and 28 Indian States to showcase successes, discuss
challenges, and prepare a strategy roadmap for the future
of the sector.
It provided a unique platform for investors, manufacturers,
producers, food processors, policy makers and
organizations from the global food ecosystem to
interact, collaborate and share their learnings to
grow mutually. The event was envisioned on a mega
scale to take forward the Government’s agenda of
creating a better sourcing environment, enabling
higher income for farmers, creating jobs, and fostering
entrepreneurship.
World Food India 2017, with the theme of ‘Transforming
the Food Economy’ was inaugurated by Prime Minister
Narendra Modi on 3 November in New Delhi. Highlighting
India’s diverse strengths in agriculture, Mr Narendra Modi
said, “The second largest arable land area, and as many as
127 diverse agro-climatic zones, give us global leadership
in a number of crops like bananas, mangoes, guavas,
papayas, and okra. We are second, globally, in terms of
production of rice, wheat, fish, fruits and vegetables.
India is also the world's biggest producer of milk. Our
horticulture sector has shown an average growth rate
of 5.5% annually over the last ten years."
To mark the historic world food convention being
hosted for the first time by India, the Prime Minister
launched Nivesh Bandhu or 'Investor's Friend', a unique
portal offering up-to-date information on Central and
State Government policies and incentives for the food
processing sector. The portal maps resources up to the
local level, with process requirements. It is also a platform
for business networking for farmers, processors, traders,
and logistics operators. Seven publications prepared
by the Ministry of Food Processing Industries to help
investors in India’s food processing sector make informed
decisions have been included in the portal.
‘No one can Afford to Ignore this Market’
Committed to unlock the potential of the Indian food industry, World Food
India 2017 is set to give a $10 billion FDI boost to the sector. Global
companies have committed investment in food processing, technology,
cold chain and retail in the next two years, as a result of the first edition
of the mega show for the food industry, according to Ms Harsimrat Kaur
Badal, Minister of Food Processing Industries. "The market we offer is not
available anywhere else on the globe... India has a $600 billion retail sector,
of which 70% is food retail, which is set to treble by 2020,” the Minister
was quoted as saying in a media report. “There is a lot of global interest
in India, in sourcing from here. With 40% increase in FDI from last year,
$200 million has already come in this year,” she said.
The World Food India event will help boost farmers’ incomes, among
other objectives. They need to move from just farming towards agro-processing, which is where the real
future lies. This sector is one of the highest generators of employment, said Ms Badal.
The Government in the past few years has taken several measures for the growth of the sector. Setting up
food parks and agro processing units by offering affordable credit, reducing excise duty on food processing
machinery and allowing 100% FDI in retail marketing, including through e-commerce of food products that
are produced or manufactured in India are some of the impactful initiatives that are aimed at boosting the
food sector’s growth.
The Government is also committed to partner with the best in the world given that the food industry is
more capital intensive than many other sectors. “Farmers don’t have storage facilities and the products are
seasonal,” she said.
A massive market with 1.3 billion consumers, a growing middle class increasingly demanding branded food,
and India being the 4th
largest economy in terms of purchasing parity are some of the positive points that are
attracting global food leaders to the country. “No one can afford to ignore this market,” stated Ms Badal.

cover story
'The Kumbh Mela of Indian Food'
World Food India 2017 has helped showcase the vast and near limitless
opportunities in the food industry and in food processing in India, said
Mr Ram Nath Kovind, President of India, at the valedictory session of
the event on 5 November.
Highlighting the opportunities available across the entire food value chain
in India, the President noted that the food story in India has world-wide
implications. “On a global scale, the market for Indian food products
is massive. It extends from 1.8 billion people in South Asia to a 30
million strong diaspora population, and to millions more in all parts of
the world," he said. Noting that food wastage is a serious concern, and
must be curtailed, Mr Kovind said, “a focused emphasis on modern food
processing can change things. It gives the food sector the potential to
become the intersection of so many of our flagship programs – Make
in India, Start-up India, Skill India, Digital India, and the resolve to double farm incomes.”
Mr Kovind gave away awards to the winners of the Start-up Challenge and Hackathon competitions
conducted to promote food safety and innovation. He appreciated the growing focus on food safety, accurate
labeling, intellectual property issues and innovation in the food processing sector – as well as on the use
of technology as an enabler.
The Prime Minister also released a coffee-table book
and a commemorative stamp on Indian cuisines.
The Prime Minister Modi also visited the WFI expo,
and evinced keen interest in the exhibits.
“World Food India 2017 has helped showcase the vast
and near limitless opportunities in the food industry and
in food processing in India,” said Mr Ramnath Kovind,
President of India, at the valedictory session. Indian
cuisine, he said, is so diverse that one lifetime is not
enough to experience its range and richness.
Food, however, said the President of India, is not just
culture, it is also commerce. “India’s food consumption
is currently valued at US $370 billion. It is expected to
reach $1 trillion by 2025, in less than a decade. There are
opportunities across the entire food value chain in India –
including post-harvest facilities, logistics, cold chains, and
manufacturing. It is a sector with a large business appetite
and can be a huge employer," said Mr Kovind.
Mr Arun Jaitley, Minister of Finance, and Corporate
Affairs, was the Guest of Honor, while a number of
senior cabinet ministers also participated in the event.
With representation from 28 State Governments,
the Chief Ministers of Andhra Pradesh, Haryana and
Chhattisgarh addressed special sessions to showcase
opportunities in their States.
The world was present at this truly global confluence:
Germany, Japan and Denmark, the Partner Countries,
and Italy and Netherlands, the Focus Countries, were
represented by senior diplomats and ministers, who
expressed keenness to deepen their investment
commitment to India, enable mutual exchange of best
practices and technology, and be a part of the revolution
in the food processing industry. Also present were the
President of Armenia, the Prime Minister of Latvia, and
senior officials from several other countries.
Business leaders of global food giants, including
Mr Paul Bulcke, Chairman of the Board of Directors,
Nestle SA; Ms Amanda Sourry, Global President of
Foods, Unilever; Mr Pieter Boone, CEO, Metro AG &
CEO, Metro Cash and Carry; and Mr NoelTata, Chairman,
Trent Ltd, and MD, Tata International, also joined the
inaugural function.
Mr Narendra Modi interacted with CEOs of top companies
engaged in the food processing and related sectors across
the world, such as Amazon (India), Amway, Britannia
Industries, Cargill Asia Pacific, Coca-Cola India, Danfoss,
Future Group, GlaxoSmithKline, Ise Foods, ITC, Kikkoman,
LuLu Group, McCain, Metro Cash & Carry, Mondelez
International, Nestle, OSI Group, PepsiCo India, Sealed
Air, Sharaf Group, Spar International, The Hain Celestial
Group, The Hershey Company, Trent Ltd, and Walmart
India, among others.
Serving as an enabler of growth by celebrating the
uniqueness of India in the global food value chain, WFI
hosted the signing of MoUs worth several thousands
crores of rupees. The Indian States, important players

cover story
The event, stated Ms Badal, has only strengthened the
resolve of the Ministry of Food Processing Industries to
establish India as the ‘world food factory.’ The National
Food Processing Policy would soon be finalized, she
said. Committing to forge ahead to work expeditiously
on implementing the MoUs inked, Ms Badal said a
special cell has been set up to follow up on these
negotiations.
Describing food processing industries as the bridge
between farmers and consumers, the Minister said the
mantra would be ‘reduce wastage, produce more, and
process more. She pledged to wage a war against food
wastage with the #NoWasteOnMyPlate campaign.
World Food India 2017 took significant steps towards
achieving two critical goals of the Government –
doubling farmers’ income by 2022 and reducing post-
harvest losses, by bringing together global and Indian
leaders to collaborate and co-develop solutions across
India’s food value chain. The event was supported by
several ministries, such as Agriculture and Farmers’
Welfare, Commerce and Industry, External Affairs,
Tourism, Development of North East Region, and Civil
Aviation.
in India’s cooperative and competitive federalism, also
signed a number of MoUs in food processing to boost
investment and job creation. The event served as a
convergence point for many Government ministries
and departments to align their goals with those of the
Ministry of Food Processing Industries for sustainable
and inclusive development of the nation.
Some of the key MoUs were signed by PepsiCo, for
`13,300 crores for setting up a food and beverage plant,
and Coca Cola for investing `11,000 crores in juice bottling
infrastructure and fruit processing plants and equipment,
while ITC and Patanjali committed to investing `10,000
crores each in the sector. MoUs were also signed by
Amazon in the food retail business, Sharaf Group of UAE
for farm produce, collection, processing and export, and
YES Bank for financing food processing projects.
For us, the success of World Food India 2017 is just
the beginning, said Ms Harsimrat Kaur Badal, looking
back over the action-packed three days. Not only did
World Food India 2017 establish a Guinness book record
for cooking 918 kg of khichdi, the comfort food that
is ubiquitous across India, food business worth $11.25
billion with 50 MoUs was transacted over the three
days, she said.
Youth & Entrepreneurship @World Food India 2017
• Hackathon: Sixty-six teams comprising 300 students participated in a two-day live hackathon with the
focus on ‘Developing innovative technology-enabled solutions for challenges faced by the Food Processing
Sector’ on 27 - 28 October in New Delhi. The top three winning entries related to information on backward
and forward linkages for farmers, measuring the freshness and quality of fruits and vegetables, and milk
procurement service through QR code.
• Start-ups Challenge: To encourage start-ups and innovative ideas in the food processing sector, a
competition was organized wherein 20 shortlisted start-ups pitched their ideas to a jury and potential
funders. The winners included innovative food safety solutions, quality assessment, early detection of
pests, and an innovative food product.
The winners of these competitions were felicitated by the President of India during the Valedictory Session
on 5 November.
Ram Nath Kovind, President of India, felicitating students at the valedictory session of World Food India, as Rakesh Bharti Mittal,
President Designate, CII, and Vice Chairman, Bharti Enterprises, J S Meena, Sadhvi Niranjan Jyoti, and Harsimrat Kaur Badal look on

cover story
The Great India Food Street was a
lively, vibrant zone, showcasing Indian
and international cuisines, using Indian
ingredients, flavors and fragrances.
It offered the best of assorted cuisines
and food from the length and breadth
of India to demonstrate the wholesome
and diverse uniqueness of Indian food.
It was also a platform for guests to
learn about the globalization of Indian
food through interactive chef talks
and demonstrations, and sample
traditional flavors as well as modern
fusion food.
India’s top chefs gathered at World
Food India to cook 918 kg of khichdi,
specially curated by celebrity chef
Sanjeev Kapoor, to enter the Guinness
Book of World Records.
As various ingredients were added
step by step to the gently simmering
delicacy, the entire process reflected
the essence of New India, with many
distinctive elements coming together
to achieve a common goal that is
bigger than individual aspirations.

cover story
‘India can leverage Armenia’s
membership in multilateral Eurasian
forums. It should also take advantage
of the generalized system of
preferences for duty-free access to
other countries.’
Serzh Sargsyan, President of Armenia
'Latvia accords prime focus to safety and
affordability in food processing. India can
transfer its best practices in the food
processing sector to Latvia.’
Maris Kucinskis, Prime Minister of Latvia
‘India has the agricultural produce base
and the requisite ecosystem to become
a major food processing nation of the
world. The need of the hour is to create
an enabling environment for this sector
to flourish.’
Arun Jaitley, Minister of Finance, and
Corporate Affairs
‘India, as a large producer of many
food items, could benefit from Italian
technology and machinery.’
Ivan Scalfarotto, Deputy Minister of
Economic Development, Italy
‘Logistics, water, transport and
communication issues are all getting
resolved. It's a golden opportunity for
investors.’
Nitin Gadkari, Minister of Road
Transport and Highways, Shipping and
Water Resources, River Development
and Ganga Rejuvenation
‘The food processing industry holds
immense potential across the value chain.
India is uniquely poised in this sector.’
Suresh Prabhu,
Minister of Commerce and Industry
‘At the time of India's Independence, per
capita of milk supply was 130 gm per
day for a 34 million population. Today, it
has increased to 337 gm per day for 134
million people! This is an incomparable
achievement.’
Radha Mohan Singh,
Minister of Agriculture and Farmers’ Welfare
‘We should look at creating different models
of finance, different models of business,
and income – generating, profit-making
models, to scale-up the food processing
industry 10x in the next 5 years.’
Piyush Goyal,
Minister of Railways, and Coal
‘The exhibition at World Food India 2017
has special focus on ingredients that can
be sourced from India. An entire area
is devoted to highlighting the organic
potential in the North Eastern States of
India. We are also looking at connecting
sourcing teams directly with the farmers
for seamless transactions.'
Sadhvi Niranjan Jyoti, Minister of State of Food
Processing Industries
‘Chhattisgarh has a big share in the
agriculture sector, and we are growing
towards increasing it. This event has
opened possibilities for employment and
investment in the State.’
Raman Singh,
Chief Minister of Chhattisgarh
‘Haryana, the second largest contributor
of food grains to India’s central pool,
has always been a leader in agriculture,
horticulture, dairy and inland fisheries.
With easy availability of raw materials,
excellent connectivity, infrastructure, and
a strong network, the State has recently
signed 44 MoUs worth more than `2,000
crores for investment in the food processing sector.’
Manohar Lal Khattar,
Chief Minister of Haryana
LEADERS ' VOICES

cover story
‘Andhra Pradesh leads the way in initiatives
such as mega food parks and cold chain
development. We aim to bring the most
advanced technology from all over the world
to make agriculture profitable in the State.
Considering our water problems, we have
saved lakhs of acres of crops by interlinking
of rivers, a first in the country.’
N Chandrababu Naidu,
Chief Minister of Andhra Pradesh
‘For the first time, the North East Road
Sector Development Scheme has been
initiated for the development of roads,
especially ‘orphan roads’ that have been
neglected by the State Governments.
Dr Jitendra Singh,
Minister of State (Independent Charge)
of Development of North Eastern Region, MInister
of State of Prime Minister Office, Personnel Public
Grievances and Pensions, Atomic Energy, and Space
‘100% income tax exemption for new
food processing units, infrastructure status
for mega food parks and cold chains, and
facilitating bank credit will boost the food
processing industry in India.’
JP Meena, Secretary,
Ministry of Food Processing Industries
‘The Government is adopting high
technology to deliver governance, and
thereby make doing business in India
much easier. Many applications have
been moved online.’
Ramesh Abhishek, Secretary, DIPP,
Ministry of Commerce and Industry
‘India is changing very rapidly. A large
part of its population is young, and
urbanization is rapid. Demographic
changes are driving the demand for
processed food.’
Deepak Bagla,
MD & CEO, Invest India
‘Currently, only about a tenth of agri-
produce is processed, and a high
proportion of output is wasted. Food
processing can help reduce this wastage.
This will also boost farmers' incomes.
The Government has taken significant
measures to encourage investments in
the sector.’
Shobana Kamineni, President, CII, and Executive
Vice Chairperson, Apollo Hospitals Enterprise Ltd
'Top priority should be given to building
agriculture capacity amidst the challenges
of scarce natural resources, rising
population and growing food demand.
Nestle has set up an institute in India
to support food safety.’
Paul Bulcke, Chairman of
Board of Directors, Nestle
The world is looking towards India. The
opportunities for food in India are huge.
We at Unilever are excited about these
opportunities…rich agri-resources in
India present an optimal opportunity to
scale up the processing industry here.’
Amanda Sourry,
Global President, Unilever
‘The recent policy decisions to improve
the ease of doing business coupled
with demonetization and GST are now
driving positive overhaul in the economic
environment. This is boosting prospects
for retailers and wholesalers like Metro.’
Pieter Boone, COO, Metro AG, and
CEO Metro Cash and Carry
‘There is a need for significant new
investment to increase our scale in
food processing. With a population
of 1.3 billion and strong international
demand, food processing is an extremely
attractive ‘Make in India’ opportunity.’
Noel Tata,
Chairman, Trent Ltd, and MD, Tata International

'India is an attractive destination.
As the economy grows there will be
more demand. Our main job is to create
demand in the market and fulfil it. We
must build an eco-system to create a
farm to fork economy.’
Sanjeev Mehta, MD & CEO,
Hindustan Unilever Ltd
‘India must develop the right kind of
technologies in its food industry. Some
good initiatives have been made. We
need to invest, and will surely invest in
India. Indian farmers need pack houses,
collection centers and food processing
centers. We will invest in building these
for India.’
Kim Fausing, President and CEO, Danfoss A/S
‘In India, the food sector benefits from
a strong agricultural base that generates
a variety of grains, fruits and vegetables,
dairy, meat and fishery products. The
sector is amongst the largest employers in
the country with the potential to generate
millions of jobs across the industry, as well
as upstream and downstream sectors.’
Chandrajit Banerjee, Director General, CII
cover story
‘Patanjali was initially started to solve
the common farmers’ problems. Farmers
used to come to us with issues
regarding the production and marketing
of aloe vera. Therefore, Ramdev Babaji
and I came up with the idea of aloe vera
juice, which became a great success.’
Acharya Balakrishna, MD, Patanjali Ayurveda Ltd
‘It is important for India to focus on sustainable
agriculture and watershed management.
We are ready to invest `10,000 crores
to set up food processing facilities on a
pan-India level. Over the past 2-3 years
we have already set up a few such
facilities, benefiting 4 million farmers…
our aspiration is to extend this to 10
million farmers by 2019.’
Sanjiv Puri, Executive Director, ITC Ltd
‘We are working closely with farmers to encourage
best farming practices. Currently we are working on
a project to encourage bio-pesticides
in rice crop in Haryana. We will invest
$3 million in the next three years. My
commitment to India is for the next 40
years. 90% of the basmati rice in USA
comes from India.’
Irwin D Simon,
President and CEO, Hain Celestial Inc
Good Food Showcase
The massive World Food India exhibition, spread over
40,000 sqm in New Delhi, showcased the best flavors
of the global food industry, spanning the entire value
chain in the food sector. It brought the varied tastes of
India to the world and vice-versa, showcasing India to
the world, and bringing the world to India.
With more than 800 global companies representing 22
countries and domestic companies participating, the
major brands at the exhibition included Pepsico, Coca
Cola, Tyson Foods (Godrej), Mondelez (Cadbury), Amy’s
Kitchen, Hershey, Lotte, Kagome, Nestle, Panasonic, Holland & Barrett (Apollo), Danfoss, Fitorex, ITC, Field
Fresh Food (Bharti Group), Amul, Mother Dairy, Aachi Group, Rasna, Patanjali, Britannia, Nekkanti Sea Food,
24 Mantras (Sresta Organic), and Himalaya International, to name a few.
The show was arranged in theme-based pavilions to showcase concepts such as Women Entrepreneurs,
Farmer Producers Organizations (private, semi-Government and fully Government-aided), R&D in the sector,
Start-ups, the Ministry of Agriculture and Farmers Welfare, and Geographical Indications.

cover story

Undersea Natural Gas Pipeline from Iran to India
South Asia Gas Enterprise
(Siddho Mal Group)
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Ph: +91-11-23324245 / 43581237
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Iran Landfall PointKuh-e-Mobarak
Ra's Al Jifan
Gujarat Landfall PointSohar Port
Gas Pipelines are more competitive than LNG upto a distance of 2500/3000 kms, due to
high cost of gas liquefaction/transportation/re-gasification ( 5-6 USD / mmbtu).
In India’s quest for Energy Security, through a New Route, , a Global Consortium, is
developing a $4.5 Billion world's deepest Common Carrier Natural Gas Pipeline, directly
fromIrantoGujaratcoastinIndia,throughtheArabianSea.
(Aroute via Oman is also being explored ).
SAGE
Fuelling India's 'Make in India' plans and Gas based Economy vision by this path-breaking
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Meeting needs of Power/Fertilizer Industry for affordably priced gas, while moving to a low
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Alternative & safer route to bring/swap Turkmenistan/Russian & other region's Gas to
India Gujarat coast.
Annual saving of USD one billion approx. ( Rs.6000/7000 Cr. ) in comparison with
similar quantity LNG import.
Gas Qty: 31.1 mmscmd under a 20/25 years Long-Term Gas Supply Contract with Iran.
Pipeline tariff: USD 2.5 per mmbtu range.

focus
nation
T
he 33rd
edition of the India Economic
Summit was held on 4-6 October
in New Delhi, organized jointly by
the World Economic Forum (WEF)
and CII.
With the theme, ‘Creating Indian Narratives
on Global Challenges,’ the Summit brought
international and regional leaders together to
discuss how India could increase its global
relevance and seize a unique opportunity to
ensure that its economic growth is enduring,
broad-based and socially inclusive. India’s
regional and global engagement has more
than a symbolic significance. India’s role is
crucial if this is to be Asia’s century.
From low-cost electrocardiograph machines
to a successful, yet frugal, Mars mission,
Indian entrepreneurs are demonstrating their
mettle through innovation across diverse
sectors and fields. At the same time, Indian
cinema, Yoga, and Ayurveda, bear testimony
to the diverse impact of Indian narratives
on the world.
India now needs to increase its presence
in global projects – a trend that is already
underway.The country’s leadership in the Paris
Agreement and International Solar Alliance,
and its efforts to become a permanent
member of the UN Security Council and
the Nuclear Suppliers Group demonstrate
a quest for a renewed international identity
and a changing perception of its role in
international development.
However, to realize this vision, India must
ensure that its economic, social and political
foundations are truly robust and resilient.
And it must develop innovations with more
global relevance, such as the biometrics-
based identification system, Aadhar. Various
sessions of the Summit featured intense
discussions on these themes, across key
sectors.
• 620+ registered delegates, and 100+ reporting press.
• 16 Ministers and other public figures participated, 13 of them
from India. Senior officials from India and other countries also
participated.
• The first-ever Open Forum India offered an unprecedented
opportunity for the general public to participate in the Summit.
The session, titled ‘My India @2022,’ looked at the country’s
demographic challenges. With two-thirds of India’s 1.3 billion
citizens under the age of 35, the session explored how
the country can create a future to which young people can
aspire.
• A report titled ‘Incredible India 2.0 – India’s $20 Billion Tourism
Opportunity’ was launched at the Summit. The report supports
Indian policy-makers and industry experts who are working towards
welcoming over 15 million foreign tourists annually by 2025 and
making India the world’s largest aviation market by 2030. India is
already one of the fastest-growing aviation markets in the world,
with domestic demand reaching nearly 100 million passengers,
though annual international arrivals remain relatively low, at just
9 million. The report estimates that, if international arrivals rise to
20 million a year, the country’s tourism could incrementally grow
by over $19 billion, and create up to one million additional jobs.
• Nearly 100 leaders in India’s agriculture sector agreed to work
on public-private partnerships to contribute to Prime Minister
Modi’s vision for doubling farmers’ incomes by 2022. The working
meeting, co-hosted by the Ministry of Agriculture and Farmers’
Welfare, India, and the World Economic Forum’s New Vision for
Agriculture (NVA) initiative, included representatives from three
national ministries and 12 State Governments, Indian and global
companies, technology innovators, farmer leaders, civil society
groups and experts. The project will build on the experience of
three States – Andhra Pradesh, Karnataka and Maharashtra –
which have developed State-level platforms to drive agriculture
value-chain partnerships with support from the NVA.
• Sessions of the Summit focused on economic reforms, road
safety, food systems, manufacturing, infrastructure, energy, the
innovation ecosystem, water security challenges, skilling, India’s
economic outlook, textiles, health and education, tourism, gender
diversity in the workforce, populism, et al.
S u mmi t H i g hli g h t s
India Economic Summit 2017
Creating Indian Narratives

on Global Challenges
focus
‘Tourism has the potential to create
one million additional jobs in the
next 1-2 years. For this, we need to
selectively identify 10-15 destinations
and work on them by creating the
necessary infrastructure, ensure
safety, effect mindset change, etc.
The success story could then be replicated in other
areas.’
Ajay S Banga, President and
CEO, Mastercard
‘We need to do our part when the
Government is doing its part. We are
talking about digitization, but we have
forgotten about the craft of India.’
Dipali Goenka, CEO and Joint MD,
Welspun India Ltd
‘Inclusion is not a rule that should be
accepted. It is something that should
be celebrated. I am a product of
inclusion. I am lucky to be a young
person in India today, with affordable
education and digital know-how.’
Malvika Iyer,
Member, Working Group on Youth and Gender
Equality, United Nations Inter-Agency Network on
Youth Development, New York
‘The glass can be seen as half-empty
or half-full. We (Indians) suffer from the
glass half-empty syndrome. We need to
see both perspectives.’
Karan Johar,
Head,
Dharma Productions Pvt Ltd
'One of the strengths of the Indian
textiles industry vis-à-vis its competitors
is its diversity – Indian exports do not
begin and end with the lowest price
points. Indian businesses offer a wide-
ranging portfolio including medical,
aerospace and other high-tech textiles on
the one hand, and grass-roots, traditional,
handcrafted and/or customized fabrics or apparel on the
other. The challenge has been that those stories were
not told before. They are being told now.'
Smriti Z Irani, Minister of Textiles, and
Information and Broadcasting
‘There is no better place to invest
than India. Over one billion Indians
are aspiring to better lives. India is
increasingly being recognized as a
place to invest, where the world
economy can grow and flourish. Digital
applications like BHIM will give India the
technological shift that it needs. Earlier India was known
for its yoga, cricket, Bollywood…now, India is known for
its honest dealings. Narratives do tend to set agendas
and the mood of the nation. This is exactly what India
is going through - a changing narrative.’
Piyush Goyal, Minister of Railways, and Coal, India
‘India today presents a refreshing
change in a world that is without a clear
global custodian. India's new narrative is
fueled by internationalization, innovation,
and inclusiveness. What worries me is
that, due to lack of global leadership,
we are seeing some large, powerful
nations start to talk about barriers... This is the time
when India needs to even more forcefully pitch its
narrative of openness and open societies.’
Sunil Bharti Mittal, Past President, CII, and
Founder & Chairman, Bharti Enterprises
fROM THE sUMMIT cO-CHAIRS

of waste disposal, mechanical cleaning of drains, etc, are
some initiatives being contemplated by the Government
under the Mission.’
Hardeep Singh Puri, Minister of State (Independent
Charge) of Housing and Urban Affairs
‘Public-sector investment has overtaken
that of the private sector, which will lead
to a huge demand in the next few months.
India is on a high-growth trajectory in the
midst of a barren global landscape.’
Amitabh Kant, CEO, NITI Aayog
‘We need to look beyond the current GDP
numbers while making an assessment
about our economic performance. The
reforms underway will help develop
a conducive ecosystem for attracting
business and boosting competitiveness.
These include creating a simplified
business climate, technology-driven governance and
digitization, time-bound and deemed approval systems,
risk-based approvals, reducing the cost of logistics,
opening up FDI, among others. The reform initiated by
the Center on agri-marketing, through the creation of
e-markets, would give a better price to the farmers.’
Ramesh Abhishek, Secretary, DIPP, Ministry of
Commerce and Industry
‘The Government is taking bold initiatives
to facilitate a shift to a rule-bound and trust-
based system of economic management
in the country. Recent measures such as
demonetization, introduction of the Goods
and Services Tax (GST), the bankruptcy
law, and the Real Estate Regulation Act,
among others, should be seen in this context.’
Sanjeev Sanyal, Principal Economic Advisor,
Ministry of Finance
‘You can be culturally right and
economically left. We are too immersed
in ideological presentation. We are now
in a crucible and India is a melting pot.
There is no solution that is left or right.
We have to see what works. Terms like
left-wing and right-wing are passé.’
Kamal Nath, Member of Parliament
‘Good laws can help cut road deaths.
India’s new Motor Vehicle Act is on
its way through Parliament now. The
Supreme Court has banned liqor shops
on highways, which has helped cut drunk
driving. Legislation to create separate
lanes for bicycles would save lives, as
most accidents in cities involve bicyclists. In Europe, truck
drivers are legally required to take a four-hour break after
eight hours of driving. In India, 16 hours is the limit for
a single stint of driving – this needs to come down.’
Nitin Jairam Gadkari, Minister of Road Transport
and Highways, Shipping and Water Resources, River
Development and Ganga Rejuvenation
‘Food processing is a sector that has
the ability to address several key issues
facing our nation today—be it farmer
distress, or wastage, and is one of the
greatest job generators as well. Industry
needs to partner with the farmer. Most
farmers are small and marginal; they
don’t have the means to try out new things that will work.
The industry (food processing) needs to flourish because
the raw material it uses is the farmer’s produce.’
Harsimrat Kaur Badal,
Minister of Food Processing Industries
‘India’s massive food wastage can be
reduced if innovative agri technologies
can be brought to the farmers. The
State Governments and the Central
Government will have to offer incentives
to the corporate sector, and, as well,
work in tandem in the PPP mode,
to bring new technologies to farmers, improve farm
productivity, and also increase farmers’ incomes.’
N Chandrababu Naidu, Chief Minister of Andhra Pradesh
‘With globalization and urbanization
becoming integral to our prevailing world
order, it is reasonable to assume that
around 50% of India would reside in urban
areas by 2030, the date of implementation
of the Sustainable Developmental Goals
agenda. The Swachh Bharat Mission
recognizes the impending challenges of urbanization and
calls for a mindset change by all stakeholders to help meet
the specific targets under the Mission. Bio-mechanization
focus
B YTES

‘South Asia is the world’s least integrated
region. While trade between countries
in the ASEAN amounts to 25% of their
collective global trade, the corresponding
figure for SAARC nations is just 5%.
There are inescapable differences
between SAARC and ASEAN: South Asia
is dominated by India, which accounts for 80% of the
region’s GDP, but in ASEAN no one economy is that much
larger than the others. Even so, what is clearly missing
is the political will to promote more integration.’
Shashi Tharoor, Member of Parliament
‘The Goods and Services Tax (GST) can
ultimately boost economic growth. What
is going to happen is a reorganization
of the entire supply chain network,
with a consolidation of formal retail,
and movement of goods. The entire
transition is for the future, and that's
where GDP will kick up at least two points.’
Shobana Kamineni, President, CII, and
Executive Vice Chairperson, Apollo Hospitals
Enterprise Ltd
‘Each of us should support one child
who is not part of our family. Until
every child has the chance to reach
his/her full potential, India will not be
a developed country.’
Kris Gopalakrishnan, Past President,
CII, and Chairman, Axilor Ventures
‘Fixing power tariffs is a challenge for all
countries.The Government should consider
providing support, if necessary.’
Keiko Honda, Executive Vice-
President and CEO, Multilateral
Investment Guarantee Agency
‘Historically, India has embraced
diversity and the questioning of
religious authority. You don’t have to
believe anything to be a part of this
culture. Religious diversity could be a
point of commonality for the country;
however, it threatens to create walls
between communities.’
Sadhguru Jaggi Vasudev,
Founder,
Isha Foundation, India
‘We talk only about physical education in
schools. I had physical education in my
school, but we didn't talk about mental
health. It's not part of the curriculum.
If mental health is introduced in the
curriculum at the school level, there would
be no stigma. Policy-makers and people at
workplaces need to recognize and normalize depression,
so that those suffering from such mental illnesses can
come out and confide their problems without the fear of
losing their jobs.’
Deepika Padukone,
Actor, and Founder,
The Live Love Laugh Foundation
‘The private sector faces several
challenges while operating projects
in the PPP mode, related to land
acquisition, structuring of PPPs,
dispute resolution, and trust deficit,
among others. There should be further
streamlining of clearances and forward
planning. It is hoped that the Real Estate Regulation
Act will reduce the demand and supply gap in
infrastructure.’
Chandrajit Banerjee,
Director General, CII
focus
B YTES

T
he Railways are a
significant contributor
to the 'Make in India'
program. With attention to
Speed, Scale, and Safety,
Indian Railways will be the
best catalyst for growth
of the new India, stated
Mr Piyush Goyal, Minister of Railways, and Coal, inaugurating
the 12th
International Railway Equipment Exhibition and the
International Rail Conference (IREE and IRC 2017) on 11
October in New Delhi. Technology can play a major role in
transforming the sector, and the Ministry of Railways is keen
to engage with industry to bring new products, innovations
and technology into the sector, he added.
The Minister emphasized on simplification of the
Railways policy and improved governance to encourage
greater industry engagement through innovative
financing models, guaranteed timely payment systems,
and faster clearance of pending decisions.
The 12th
edition of IREE and IRC, Asia’s largest event
for the rail transport sector, drew over 14,500 business
visitors over three days, an increase of 25% over the
previous edition. The show was 30% larger in size and
participation too, with 500 companies from 20 countries
covering an area of 25,000 sqm.
Japan, participating as the Partner Country for the
second time, showcased its latest products and
technologies in the largest-
ever Japanese display
for the rail transportation
sector in India. Around 50
organizations, including all
major companies, Japan
Railways, and the Japanese
Overseas Rolling Stocks
Association, took up an area of 3000 sqm in an exclusive
hall. Around 500 Japanese businessmen, a record
number at a railway event in India in recent times,
participated in the exhibition and conference, to network
with Indian Railways and the Indian rail transportation
industry to explore business opportunities.
Indian Railways showcased its strengths, capabilities
and future plans in its largest pavilion ever, with theme-
based stalls for rail coaches, locomotives, and electricals,
besides zonal railways and public sector undertakings
(PSUs). The Rail Museum displayed the history and
heritage of Indian Railways. Over 500 senior officials
from Indian Railways (across India) and related PSUs
attended the conference and exhibition to interact with
experts, industry leaders, exhibitors and delegates.
The third edition of the Urban Mass Transit Expo,
a concurrent show for Metro + Light Rail was held
alongside IREE 2017, offering a platform for the urban
mass transit sector in India to explore and source future
technologies and products.
Global Platform for
Railway Technology & Services
Ravindra Gupta, Member, Rolling Stock, Railway Board; Kenji Hiramatsu, Ambassador of Japan to India; Piyush Goyal, Minister of Railways, and
Coal; C P Sharma, Chairman, CII Rail Transportation and Equipment Division, and MD, Daulat Ram Engineering Pvt Ltd; Rajeev Jyoti, Chairman,
CII Task Force on Railways, and Chief Executive – Railway Strategic Business Group, L&T Ltd, and Anand Chidambaram, Vice Chairman,
CII Rail Transportation and Equipment Division, and MD, EMD Locomotive Technologies Pvt Ltd, inaugurating IREE 2017 in New Delhi
event
railways

Anand Chidambaram; Ravindra Gupta, Kenji Hiramatsu, Piyush Goyal, Rajeev Jyoti, Pavel Krtek, CEO and Chairman of the Board, Czech
Railways, C P Sharma, and Tilak Raj Seth, Executive Vice President, Siemens Ltd, at the International Rail Conference in New Delhi
T
he International Rail Conference
held on 11 October, featured
presentations and talks from
Indian and global experts as well as
industry leaders based on the theme,
‘Technology Transforming Railways:
Challenges and Opportunities.’
The deliberations revolved around the latest and
emerging technological advancements, new products,
innovations and best practices in the rail sector
globally. Speakers from the US, UK, Australia, Sweden,
Germany, France, Italy, and South Korea addressed
the conference, which was well-attended by over 750
delegates.
Mr Kenji Hiramatsu, Ambassador of Japan to India,
spoke about bilateral cooperation both in conventional
and high-speed railway systems.
Mr Pavel Krtek, CEO and Chairman of the Board, Czech
Railways, expressed interest in investing in high speed
rail projects in India.
The Ministry of Railways has taken up
a number of initiatives to transform
itself into an industry-friendly and
customer-friendly organization, said
Mr Ravindra Gupta, Member, Rolling
Stock, Railway Board. These include
a quantum jump in the production
capability of all production units and a complete change
over to LHB coaches from April 2018 onwards, and an
online condition monitoring system to monitor rolling
stock performance during the run.The Railways also plans
to go in for predictive maintenance to reduce maintenance
costs and dependence on manpower, and improve the
overall availability of the rolling stock. It is also in the
process of expanding its vendor base and developing
new vendors. A number of initiatives have been taken/
planned on the freight side as well, he added.
Mr Gupta urged industry to utilize the newly-designed
wagons to transport their commodities in a faster and
more efficient manner.
event

SectorScape
Energizing ‘Make in India’ in Defence
Ms Nirmala Sitharaman, Minister of Defence, chaired
a roundtable with Indian defence industry members
of CII on 28 October in New Delhi. Senior officials of
the Ministry of Defence, including Mr Sanjay Mitra,
Secretary, Defence, and Mr Ashok Kumar Gupta,
Secretary, Defence Production, as well as the three
Vice Chiefs of Army Staff, Air Staff, and Naval Staff,
also participated in the deliberations.
Leading the discussion on behalf of industry, Mr Baba
Kalyani, Chairman, CII National Committee on Defence,
and CMD, Bharat Forge Ltd, listed out the suggestions
made for the ‘Make in India' initiative with Defence
being one of the key sectors. He said that while a lot of
work has been done on the policy front, implementation
will be the key.
The industry discussion revolved around several large
and medium sized programs that are currently at
different stages of procurement. The Defence Minister
said it was critical that they are taken to a logical
conclusion on topmost priority, especially in the case of
MAKE programs and acquisition items that are in the
final stages of the procurement cycle. She requested
for a list of cases where inter-ministerial coordination
is needed so that they can be taken up at the highest
level to ensure early resolution.
Industry representatives stressed on the urgent need
to shorten the existing acquisition cycle by putting in
place a mechanism to ensure time-bound decision-
making at every stage. They also urged the Minister
Defence
Manufacturing
to fast-track big ticket items under ‘Make’ projects,
such as future infantry combat vehicles, battlefield
management systems, and tactical communication
systems, which have been in the ‘evaluation’ stage for
many years now.
Ms Sitharaman said all projects requiring CCS clearance
would be put on topmost priority so that they can
be fast-tracked. She also stressed the need to make
MSMEs a part of the defence manufacturing ecosystem,
and urged CII to identify locations which hold the
potential to be developed as defence innovation hubs.
The Minister highlighted the need for skilling, and urged
industry to look at apprenticeship.
Deftech 2017
The 4th
edition of DEFTECH, a national seminar on
Defence Technologies, with the theme of ‘Realizing
Make in India through Defence R&D’ was organized
by CII and supported by the Defence Research &
Development Organization (DRDO) on 9 October in New
Delhi. It provided a platform to identify opportunities
for new collaborations and joint initiatives, and enable
the transfer of technologies developed by DRDO to
Indian industry for subsequent commercialization and
production.
Dr G Satheesh Reddy, Scientific Advisor to the Raksha
Mantri, in his inaugural address, said innovation should
build competitiveness. Import of defence technology
should be allowed only when there is no homegrown
technology available, he felt. ‘Make in India,’ he
suggested, should not stop at ‘Build to Print’ but
should involve indigenous design, development and
manufacturing. The Aakash missile and the MRSAM
program show how Indian industry has substantially
contributed through build to specifications systems,
he pointed out.
Nirmala Sitharaman, Minister of Defence, interacting with the CII Defence Industry delegation in New Delhi

SectorScape
Dr S Guruprasad, Scientist & Director General (PC&SI),
DRDO, urged Indian Industry to make best use of the
Technology Development Fund (TDF), an initiative of
the Ministry of Defence, executed through DRDO. To
develop indigenous capability to make India self-reliant in
this critical sector, domestic industry needs to continue
with R&D activities and collaborate with DRDO for
technologies, he said.
Col Sukhvindar Hayer, Executive Director & CEO, Mahindra Defence
Land Systems; Dr S Guruprasad, Outstanding Scientist & Director
General (PC&SI), DRDO; Dr G Satheesh Reddy, Scientific Advisor to
Raksha Mantri, Distinguished Scientist & Director General, Missiles
& Strategic Systems, DRDO; and Satish Kaura, Chairman,
CII (NR) Defence Committee, and Chairman, Samtel Group,
at DEFTECH in New Delhi
Inverterization for Energy Efficiency
India is the third largest producer and fourth largest
consumer of electricity globally. To meet the ever-
accelerating demand for energy, the Government has
undertaken a two-pronged approach: generation of
additional energy with greater use of renewables in
the energy mix, and promoting the efficient use of
energy under the ambit of the Energy Conservation
Act 2001.
Energy
The overall size of the energy efficiency market is
estimated to be `74,000 crores, of which a mere 5%
has been tapped in the country. The success of the
‘Ujala’ program for LED lamps has spread the message
of energy efficiency in the country, which now needs to
be emulated in other energy-intensive products. Over 60
million home appliances including fans, refrigerators, air
conditioners and washing machines are added annually
to the market in India, offering a huge opportunity
for design, development and manufacturing of value-
added, differentiated energy-efficient products, in line
with the national initiatives of Design Innovation and
‘Make in India.’
The National Seminar on Inverterization for Energy
Efficiency: Technology, Applications and Opportunities,
organized recently in New Delhi, highlighted the
potential for energy saving in the country by adopting
inverterization in residential and commercial space. It
called for policies, standards and a regulatory framework
to support the energy efficiency ecosystem, create
awareness on total cost of ownership, share industry
knowledge, and foster collaboration between the
Government, technology developers and manufacturers.
(Inverterization is a technology that uses an inverter-
based motor drive to operate an electric motor at
variable speed to achieve improved energy efficiency,
controlling the speed and torque of the motor to match
load requirements.)
Key officials from the Ministry of Electronics & IT, the
Bureau of Indian Standards, and Energy Efficiency
Services Ltd, as well as industry leaders, shared their
views on the importance of inverterization for energy
efficient appliances, highlighting the need for relevant
policy support and proper alignment of energy efficiency
projects and the Make in India program.
With the new National Policy for Electronics 2018 about
to take shape, the sector is looking forward to adopt
and optimize electronic inverter solutions and energy
efficient appliances to promote sustainable development
and make the economy competitive.
At the CII National Seminar on Inverterization for Energy Efficiency in New Delhi

SectorScape
Vision 2022:
Widening the
Horizon for
Ayurveda
The ancient healthcare system
of Ayurveda is now a sunrise
sector in India, supported by
favorable Government policies,
growing consumer awareness,
consumer trends favoring
natural and herbal products,
huge untapped healthcare
market opportunity in disease-
care and wellness/well-being
services, large base of quality
manpower, health insurance
coverage for Ayurveda medical
care, et al.
J o i n i n g t h e t w o - d a y
Ayurveda celebrations of the
Government of India, CII, in
partnership with the Ministry
of AYUSH (Ayurveda, Yoga and
Naturopathy, Unani, Siddha
and Homeopathy) organized
the Ayurveda Conclave on
16 October in New Delhi. The
Healthcare
Roadmap for Indian Ayurveda Industry
Mr ShripadYesso Naik, Minister of State (Independent Charge) of AYUSH, released
the ‘Vision 2022 Roadmap for Indian Ayurveda Industry’ at the Conclave. The
vision document, prepared by CII and Frost & Sullivan, after several rounds of
discussions with Ayurveda industry experts, looks at how the Ayurveda industry
in India can increase its market strength three-fold over a period of 5 years, by
2022, with key steps by two pivotal stakeholders – Government and industry.
Key recommendations:
• Create the right policy and incentive framework
• Enable insurance and payor networks to bring Ayurveda into the mainstream
healthcare system
• Build capacity-human resources and manufacturing
• Revamp export regulatory guidelines to enhance global business
• Revitalize clinical evidence building by creating a national database.
Rajiv Vasudevan, Chairman, CII Core Group on Ayurveda, and CEO & MD, AyurVAID Hospitals;
Dr Manoj Nesari, Adviser, Ayurveda, Ministry of AYUSH; Vaidya Rajesh Kotecha, Secretary,
Ministry of AYUSH; Shripad Yesso Naik, Minister of State (I/C) of AYUSH; Shobana Kamineni,
President, CII, and Vice Chairperson, Apollo Hospital Enterprise Ltd; and Dr Randeep Guleria,
Director, All India Institute of Medical Sciences (AIIMS), at the Ayurveda Conclave in New Delhi
Conclave engaged ministers, senior policy makers and Government officials in
discussions on increasing the accessibility and affordability of Ayurveda, getting
more investments in this sector, the potential of Ayurveda in preventive and
primary healthcare, building the brand of Ayurveda, and medical tourism.
“With the help of the current Government, Ayurveda is witnessing a resurgence
in India and around the globe. Ayurveda advocates preventive healthcare methods
of treatment; it is not a system of medicine but
a science of life and longevity. The vision is to
bring about a threefold increment in the market
size from its current $2.5 billion to $8 billion
by 2022,” said Mr Shripad Yesso Naik, Minister
of State (Independent Charge), of AYUSH. The
Government has already begun work on building
AIIMS-like facilities for Ayurveda across India,
he said, adding that efforts are on to converge
the research approach of AYUSH systems with
the modern system of medicine. “In 2016, we
inaugurated the North East Institute of Ayurveda
and Homeopathy to provide alternative healthcare
Roshan Jaggi, Joint Secretary, Ministry of AYUSH; Shripad Yesso Naik;
Ashwini Kumar Choubey, Minister of State of Health and Family Welfare;
Dr Partap Chauhan, CMD, Jiva Ayurveda; and Dr Eknath Naik, Associate
Professor, COPH Global Health, Division of Infectious Disease & International
Medicine, University of South Florida. USA

SectorScape
to people of that region. The primary aim of opening
such institutions across the country is to produce quality
human resources in AYUSH, particularly in Ayurveda
and Yoga,” said Mr Naik.
“From the policy-making perspective, our efforts are to
triplicate the size of the market of Ayurveda,” said Dr
Rajesh Kotecha, Secretary, Ministry of AYUSH. “We have
to look at research integration and teaching. There is a
huge demand for Ayurveda and entrepreneurs should
capitalize on it,” he said, noting that the tax on Ayurveda
had been reduced from 12% to 5%.
The healthcare market in India is evolving rapidly. With
estimates of a CAGR of 23% from 2015 to 2020,
healthcare is expected to be a $280 billion market by
2020. It is possible to treble returns from Ayurveda,
said Ms Shobana Kamineni, President, CII, and Vice
Chairperson, Apollo Hospital Enterprise Ltd. “Ayurveda’s
rich heritage and recognition as an alternative system
of medicine in developed countries provides a good
foundation to set an ambitious growth goal defined
by increasing market share, customer access and
profitability in both India and global markets,” she
said.
Dr Randeep Guleria, Director, All India Institute of Medical
Sciences (AIIMS) called for interventions in terms of
upgrading infrastructure, conducting extensive research,
and process standardizations to take this ancient system
of holistic healing to the masses. Ayurveda has the
potential to become an affordable component of a
holistic healthcare system and help realize the dream
of ‘inclusive healthcare’ for all, he said.
Mr Rajiv Vasudevan, Chairman, CII Core Group on
Ayurveda, and MD, AyurVAID Hospitals, said CII calls
for a concerted effort for commencing core research
activities on rare herbs for manufacturing different
formulations. New facilities should be opened for
Ayurveda to provide its special capabilities in the
areas of non-communicable diseases, geriatrics, and
degenerative diseases. CII also urges the Government
to make it possible for qualified physicians to practice
Ayurveda. Health insurance providers need to include
Ayurveda in their packages, he said.
Mr Ashwini Kumar Choubey, Minister of State of Health
and Family Welfare, described Ayurveda as one of
the best scientific treatments for holistic well-being.
‘While many Indians seem to have forgotten this
ancient science, with the recent surge and growing
acceptance and popularity of Yoga, Ayurveda’s time
too has come. We must take great pride that India is
home to Patanjali Yoga and Ayurveda which we can
offer to the world as solutions to various ailments,
especially non-communicable diseases,’ he said. The
Minister emphasized the necessity to integrate modern
allopathic medicine to this age-old practice to improve
the final health outcomes of the people. Digitalization
opens up new opportunities for Ayurveda in the form
of e-commerce platforms, he said.
Mr Roshan Jaggi, Joint Secretary, Ministry of AYUSH,
highlighted the remarkable shift in the nation’s health
objectives with the latest National Health Policy. The
focus has moved towards broad-basing healthcare to
the people with the vision of integrating traditional
science with modern allopathic treatments, he
observed.
For Ayurveda to achieve its full potential, certain key
objectives need to be addressed.These include increasing
the overall affordability and accessibility of care (medicines
and services), attracting investors, promoting authentic
Ayurveda medical value travel, leveraging the potential
in preventative and curative healthcare, and creating a
well-defined network for insurance and payors. Figure1
provides a strategic transformation framework to capitalize
key market segments and define growth objectives.
Key Recommendations
Figure 1: Ayurveda Industry, Strategic Transformation
Framework
Achieving the mega pivots and growth levers will enable
the industry to realize the vision of tripling the Ayurveda
market by 2022 (Figure 2).
Mega Pivots
1 Creating the Right Policy and Incentive Framework
Formulate a comprehensive Ayurveda Industrial Policy,
with the Ministry of AYUSH spearheading Public Private
Partnerships.

SectorScape
• Infrastructure upgradation, soft loans to propel
funding
• Liberal tax incentives, new schemes and GST
exemption for promotion of R&D
• Budgetary support and financial schemes to enable
establishment of secondary-tertiary care Ayurveda
hospitals
2 Enabling Insurance and Payor Networks
Insurance coverage for Ayurveda treatment practices
will foster demand and bring it into the mainstream
healthcare system
• Uniform inclusion of Ayurveda in 6 National Health
Insurance schemes (RSBY, ESIS, CGHS, AABY, JBY,
UHIS)
• Implement the Government order relating to
guidelines for insurance coverage
• Showcase credible data to establish safety, efficacy,
and cost of Ayurveda treatment
3 Building Capacity: Human Resources and
Manufacturing
Human Resources: Bright talent must be motivated to
join this sector. Develop certified courses in Ayurveda.
Manufacturing:
• The National Medicinal Plants Board to guarantee
100% resource availability
• Government to support small scale cultivation
• Reasonable pricing and high quality raw materials
• Focus on cultivation of essential herbs
• Institute a certification mechanism for raw materials.
4 Catalyzing Ayurveda Products Industry
• Creation of a list of non-controversial safe herbs at
the international level
• Establish uniform and efficient licensing procedures
• Encourage innovations in formulations of traditional
products
• Develop standard monographs for international
pharmacopoeia
• Harmonization of drug registration
• Facilitate processing of patent applications relating
to traditional knowledge and biological material.
Growth Levers
1 Rejuvenate Brand Ayurveda
A clear brand identity for ‘Ayurveda’ is necessary for
correct awareness, market acceptance, and dynamic
growth.
• Government, industry and brand-building experts
together need to conceive an Ayurveda brand
development action plan
• Provide Geographical Indication protection for
Ayurveda as originating from India
• Set up Ayurveda Chairs in different countries, to
facilitate MoUs
• Accreditation of Ayurveda courses conducted by
foreign institutions.
2 Revitalize Clinical Evidence-building
Evidence-based research would support the
establishment of safety and efficacy of Ayurveda
products and services.
• Strengthen the national Ayurveda clinical database
• Standardize treatment protocols
• Develop practice-based research networks of
Ayurveda physicians
• Focus on three diseases on a mission basis
• Use Digital-Cloud-Mobile technologies to record and
store clinical data and scientific evidence
• Support clinical trials
• Conduct comprehensive safety reviews
• Focus on Ayurveda-based high value medical travel
to India
3 Embrace Digital
• AyurTeleMed: Telemedicine (via smart phones/
laptops/mobile health vans)
• AyurClinCloud: Develop a cloud based large-scale
clinical information base
• AyurNET: Leverage digital technologies across the
value chain of Ayurveda products and services.
• EAyur-commerce
• Deploy Big Data Analytics to support decision-
making.
Figure 2: Ayurveda Industry, Mega Pivots &
Growth Levers

Portfolio for Excellence
T
he Indian Green
B u i l d i n g C o u n c i l
(IGBC), part of CII, is
spearheading the 21st
century
modern green building
movement in the country.
As a result of concerted
efforts, today, India stands
no 2 in the world in terms
of registered green building
footprint, with over 4.89 billion sqft of green buildings
and projects spread across the five climatic zones of the
country. Over 4,300 projects have adopted IGBC green
building rating systems. The IGBC aspires to facilitate
10 billion sqft of green building footprint by 2022, the
75th
year of India’s independence.
The 15th
edition of the Green Building Congress, India’s
annual flagship event on green buildings, was organized
in Jaipur from 4 - 7 October with the theme, ‘Sustainable
built environment for all.’
Highlights
• Rajasthan was the Partner State
• Hosted WorldGBC annual members meet
• 2,400+ participants
• 4,000+ visitors to international exhibition
• Participation from over 30 Green Building Councils
• 150 projects awarded IGBC Green Building Rating
• 100+ green building products and technologies on
display at the international exhibition
• 5 new IGBC Green Building Rating Systems
launched
• 2 MoUs inked
• Awards presented
to winners of
‘ G r e e n y o u r
School’ contest
a n d I G B C
Green Design
competition
• J a i p u r a n d
Secunderabad
railway stations become
India’s first IGBC-rated green
railway stations
• Happiest Avadi Phase
1 project in Chennai becomes
India’s first IGBC-rated Green
Affordable Housing Project
• Presentation of IGBC
Special Recognition Awards
2017 and Green Champion
Awards 2017 to businesses.
WorldGBC Annual Members’ Meet
Coinciding with Green Building Congress 2017, CII-IGBC
hosted the 2017 annual WorldGBC (World Green Building
Council) members’ meet. CEOs and senior officials from
over 30 Green Building Councils attended the meeting,
to share success stories and learn best practices. The
meet also discussed strategies on how to further
accelerate the global green building movement.
Setting the tone for the 3-day Green Building
Congress 2017, the United Technologies Corporation
(UTC) Distinguished Sustainability Lecture Series was
organized on 4 October.
Dr Joseph Allen, Director, Healthy Buildings Program,
Centre for Health and the Global Environment, Harvard
Chan School, and Mr John Mandyck, Chief Sustainability
Officer, UTC, offered new perspectives on various
aspects related to green buildings.
The World Green Building Council Chairman’s Award
2017 was presented to Ms Romilly Madew, CEO, Green
Building Council of Australia, for her contribution to the
global green building movement.
CII IGBC Rating
Systems Launched
IGBC green building
rating systems for
new categories such
as Healthy Buildings
for Occupants, Green
Cities (existing),
WorldGBC team in Jaipur
Ashok Jain, Chief Secretary, Rajasthan addressing the Curtain
Raiser of the Green Building Congress 2017 in Jaipur
Green Building Congress

CII Communique November 2017

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CII Communique November 2017