Industry leaders, Senior Govt. Ministers and Opinion makers to be a part of discussions around this year’s theme ‘India@75: Is this the New India?’; KPMGReport ‘India soars higher’ launched by Shri Ravi Shankar Prasad, Hon’ble Minister of Law & Justice and Electronics & Information Technology.
Mindmine Summit, one of India’s most influential ideas exchange platforms organized by the Mindmine Institute, an independent think tank set up by Hero Enterprise commences its 12th edition in the national capital today. Senior Ministers in the Govt., Industry leaders and Opinion makers across various fields came together to exchange ideas and concepts on day one of the iconic 2 day Summit on this year’s theme of “India @75: Is this the New India?” The Summit was inaugurated by Ravi Shankar Prasad, Minister of Law & Justice and Electronics & Information Technology.
On the side-lines of the Summit, a KPMG report ‘India Soars Higher’ was launched by Ravi Shankar Prasad, Minister of Law & Justice and Electronics & Information Technology. Other prominent dignitaries present during the launch were Sunil Kant Munjal, Chairman, Hero Enterprise, Akhil Bansal, Deputy CEO, KPMG in India and Suman Kant Munjal, Chairman – Hero Electronix and Chairman & Managing Director, Rockman Industries. The Report provides insights into the rapidly changing business outlook for India and is aimed at apprising investors about the attractive propositions that recent structural changes have brought forth. The report highlights India’s resolve to achieve fiscal consolidation, complemented with aggressive and not purely populist measures.
Inaugurating the Summit Ravi Shankar Prasad, Minister of Law and Justice, Electronics and Information Technology, said, “The job of the government is to empower people who make things happen. The issue of climate justice solar alliance are India’s contribution and now G20 countries are speaking the language of India. Digital governance, digital delivery of services, digital empowerment and digital monetary are the tenets of Digital India and India has the potential to become a trillion dollar digital economy in the next 5 to 7 years. India is in the process of becoming centre for data analytics and new technologies like Artificial Intelligence. We are also keen to make India – a hub of International arbitration. This also involves creating a single repository of all old cases from beyond 10 years so that we can speed up the system of justice. When you create a process of enablement India changes.“
Some key observations made by eminent Ministers and distinguished speakers on day one includes-
Smriti Z Irani, Minister of Textiles and Information & Broadcasting said, “Last year the handicrafts did export business worth 32,000 crores. When people talk about craft, artisans, handicrafts the image people have is that artisans are poor and barely able to make ends meet, whereas they don’t see the business potential of that particular craft. Every year between the centre and the state over 1000 crores are spent in order to support artisans across various categories, yet they face challenges be it economic or social. Therefore, the question arises, if the government is spending crores of rupees in order to support these crafts via artisans cooperatives, NGOs etc. the artisans are still facing challenges. Why are these gains not reaching these communities? We would like the artisans should get the money directly and nor via any organization or any agency. But that is not at all. We also need to inculcate a sense of appreciation and awareness of crafts amongst our youngsters to create the new consumer of today.”
Minister Hardeep Singh Puri, Minister of State(IC) for Housing and Urban Affairs elaborated, “By 2030 we have to build 700-900 million space every year. This has to be facilitated by the use of green technology. We need to ensure good governance and good politics go hand in hand.”
Jayant Sinha, Minister of State for Civil Aviation said, “JAM (Jan Dhan Aadhar and Mobile) enables the government to directly transfer benefits into people bank accounts seamlessly without any leakage. This opens up consumption in a very big way for the masses. JAM as a social security platform is intended for below poverty line families, therefore almost a third of India’s population which is around 400 million people are impacted. If the base of the pyramid has the requisite safety network and support, everybody in the pyramid does well. Consumption as a whole is going to get a massive boost by the safety net that we are creating with a social security platform. We have moved from state capitalism to true entrepreneurial capitalism. The driving sectors of the current economy are renewables, e-Commerce, aviation, logistics while earlier in 2008-09 it was power, steel and cement. India is facing a fundamental transformation in economy. Forget farm to factory, elements, structural reforms are leading from farm to future.”
Speaking at the event Sunil Kant Munjal, Chairman, Hero Enterprise said, “India is a country where all opinions are made but, it is a part of our democracy. Every Indian has an opinion. Often many have more than one opinion. No Indian is shy of sharing his or her opinion. This is what makes us an absolutely thriving, dynamic, noisy democracy. We are a continent in every aspect of the world, size, diversity, culture, languages, cuisines even the clothes we wear, the way people look across India. I feel technology will play an important role in spearheading Indian’s next phase of development. As it has become impossible to create jobs for everyone, start-ups have become important hence the use of technology becomes important in every Industry.”
The Summit will culminate with the prestigious BML Munjal Awards for Business Excellence through Learning & Development. The two-day event will see more than 75 top influencers from across a wide spectrum, including corporate sector, government, bureaucracy, academia and civil society come together to discuss pertinent issues faced by the country today.
Other eminent speakers who will be addressing the 2-day Summit include Yamini Aiyar, President & Chief Executive, Centre of Policy Research, Amit Oberoi, Executive Director Colliers India, Sunita Narain, Director General, Centre for Science and Environment, Dr. Isher Judge Ahluwalia, Chairperson, ICRIER, Vinayak Chatterjee, Co-founder & Chairman, Feedback Infra, Abheek Barua, Chief Chief Economist & Executive Vice President, Nilesh Shah, Managing Director, Kotak Mahindra AMC, Renuka Ramnath, Founder, MD & CEO, Multiples Alternate Asset Management, Bharat Shah, Executive Director, Ask Group, Saurabh Srivastava Co-founder, Indian Angel Network, Ritesh Agarwal, Founder & CEO, OYO Rooms, Shaili Chopra, Founder, SheThePeople, Arun Kapur, Director, Vasant Valley, Harsh Agrawal, Founder, ShoutMeLoud, Vikram Mehta, Executive Chairman, Brookings India, Janmejaya Sinha, Chairman, Boston Consulting Group Asia Pacific, Tasneem Z Mehta, Managing Trustee & Director, Dr Bhau Daji Lad Mumbai City Museum among many others.
