Ninth Mindmine Summit Envisions India @ 2025
THE NINTH MINDMINE SUMMIT TITLED ‘2015-2025: THE INDIA DECADE?’HELD ON APRIL 22 &23, 2015 EVALUATED INDIA’S NEW ECO- POLITICAL ATMOSPHERE AND EMERGING SOCIAL ARITHMETIC; AND HOW IT CAN HELP THE COUNTRY EVOLVE OVER THE NEXT 10 YEARS
Astrategic vision plan is must to determine a roadmap ahead for every individual,company, association, and even a nation. The Hero Group, a USD five-billion net worth enterprise, has done it many times for itself. In fact, the group has taken a big leap ahead spearheading-The Mindmine Summit 2015, which in its ninth edition got corporate leaders of repute and policymakers determined to grow the prospects of India.
“We have long been hearing that the present era is going to be Asia’s century. Here, Japan as a strong economy stands out, while China has already demonstrated its passion to put its stamp on the leadership position. A million dollar question here arises on the prospects of our own country India. It’s credible how India is now rising from a seemingly desponded phase under the leadership of the new government. Its impression has changed, but will it be the India’s decade?” aired Sunil Kant Munjal, Joint Managing Director, Hero MotoCorp and Chairman, Hero Corporate Service setting the stage for an animated summit.
“Today India’s different part resembles like the industrialization days of different world powers with its growth coming from only a handful of 8 states, which also houses about 60 per cent of India’s urban population. The factors that will determine the fate of India’s growth story involve around a stable government, robust economy, benign global environment and India’s crusade to put in enabling infrastructure encompassing all segments, while lowering disparity between haves and have-nots,” added Munjal.
For the uninitiated, Mindmine Summit is a very pragmatic platform that has to its credit a reputation to hold forth on contemporary and forward looking issues fuelling new business ideas and envisioning national prospective. Mindmine Summit is a property owned and managed by Mindmine Institute, an independent think-tank set up by Hero Corporate Service, It’s a serious two-day forum, where diverse panelists assess the evolving political, business and societal landscape through a mix of nteractive panel dialogues, one-on-one exchanges and debates.
Since 2006, luminaries and distinguished leaders from every field of human endeavour have been part of this iconic event.In the previous edition of the summit (India: Economics or Politics?) looked at a nation mired in low growth, fragmented politics and policy stasis.This year’s the Ninth Mindmine Summit (2015-2025:The India Decade?) held on April 22 & 23, 2015 at the ITC Maurya, New Delhi carried forward the noble cause by evaluating India’s new eco-political atmosphere and emerging social arithmetic; and how it can help the country evolve over the next 10 years.Nitin Gadkari, Union Minister for Road Transport, Highways and Shipping, inaugurated the high powered summit and also willingly participated in the first panel discussion titled ‘The Next 10 years: Gliding or rocketing ahead?’. The esteemed panel consisted of Sanjaya Baru, Director, Geo-Economics and Strategy, International Institute of Strategic Studies, Ravi Uppal, CEO, Jindal Steel & Power, Amit Chandra, Managing Director, Bain Capital and the moderator, Shweta Rajpal Kohli of NDTV.
Showcasing the potential growth India will witness in times to come, Gadkari Said, “We have set a target of completing about Rupees five lakh crore worth of projects in the coming five years that will lay a strong foundation for growth in India. Our ministry in the first year itself has by now pushed into action projects worth Rupees one lakh crore. The future growth sectors will include the inland waterways and creation of smart ports in line with the PM’s Make in India campaign. Also key bills like GST and the pro farmer Land Acquisition bills will also see the light of the day.”
Echoing similar sentiments, Uppal shared his expectation of private sector bouncing back on the growth trajectory and hoped the issues of high cost of capital and its availability will be addressed soon. Baru looked at the long term trajectory and highlighted that India is on an upward curve, although the journey is likely to be bumpy in the decade ahead. Chandra also highlighted that stakeholders should acknowledge that it took 3-4 years for things to slowdown and the revival will also take a little time.
The second high powered session at the summit titled ‘Infrastructure: Can new cities & corridors change India’s Landscape witnessed the presence of Suresh Prabhu, Union Minister for Indian Railways. The eminent panel consisted of Kamal Nath, Former Minister, Urban Development, Pradeep Singh CEO, ISB Mohali, Rajeev V Shah, Co-Chairman & Managing Director, Mukand Industries and the moderator Vinayak Chatterjee, Chairman, Feedback Infrastructure Services. Sharing his experiences, Kamal Nath told the delegates that there is no one size fits all type formula.Suresh Prabhu aired another important concern of gauging the carrying capacities of various cities, while strategy is evolved to grow new cities and upgrade the old cities.
Going forward the third high powered session witnessed the august presence of panelists that included Amitabh Kant, Secretary, Department of Industrial Policy & Promotion, Rajat Kathuria, Director ICRIER, Kamal Bali, Managing Director, Volvo India, Meenakshi S Dass, Whole time Director, Shriram Pistons & Rings and the moderator, Arun Maira, Former Member Planning Commission. Maira rightly pointed out that change of mindset is important keeping in mind the new realities. The Old Henry Ford and the mills of Manchester today are mere part of history. According to him, its best to have a network of integrated factories.Echoing similar sentiments, Kant also highlighted that India will require multiple layers of manufacturing, while some of them will enter the advanced stages of operations. Indigenous technology for manufacturing sector will be a big boon.Taking the discussion forward, Kathuria said the market driven industrial clustersand economic zones will the order of the day.
In the fourth session, eminent panelists consisting of Ravi Shankar Prasad, Union Minister of IT & Communications, Vijay K Thadani, Vice Chairman & Managing Director, NIIT, Vanitha Narayanan, Managing Director, IBM India, G Anand Anandalingam, Dean Imperial College of Business School and moderator Natasha Jog of NDTV brain stormed on‘Future Proofing India: How do we skill and scale quickly?
“We have been a job-seeker for long and it’s time to a game changer. Looking at the demographic dividend our country has, we may very well be a net supplier of skilled manpower to the globe by 2030,” said Prasad. Here, Narayanan emphasized that a framework put in place by government on skill certification will help the private sector join the skilling crusade more effectively. Also, there will be a change in mindset from degree based education to vocational edge, felt Anandalingam.
Mindmine exchange with government on roadmap ahead
THE USP OF MINDMINE EXCHANGE IS ITS COURAGEOUS NATURE, WHICH ASKS ABSOLUTE STRAIGHT QUESTIONS WITHOUT SIDELINING DIFFICULT QUESTIONS TO THE
Mindmine Summit is a distinct initiative and miles ahead in its own league. One of the salient features that make Mindmine different from is the Mindmine exchange with government that is absolute straight and doesn’t fear asking difficult questions. Leading from very front, Sunil Kant Munjal, Joint Managing Director, Hero MotoCorp and Chairman, Hero Corporate Service conducted the very honest and frank Mindmine exchange on day-1 with Piyush Goyal, Union Minister of State for Power, Coal and New & Renewable Energy, which literally speaking looked like any journalists dream come true.
Munjal started with seeking an understanding for corporates on the recent MAT notices to FII’s.Goyal replied that the process of law demanded that the department should have asked for any pending dues as per existing rules, otherwise people would have thought of favoritism. The minister here was also prompt to exhibit that improvements are possible within the present structure, as is shown by record growth in the production of coal.“One has to have aggressive targets and empower the team to achieve them. We will make sure that in coming times India gets 1,00,000 MW of solar energy by 2022 and provide quality affordable power to all the citizens of India,” said Goyal.
In his second question, Munjal wished to know if the present Prime Minister had a very centralised decision making system, as criticised by the media. Politely replying to the query, Goyal highlighted that the Prime Minister Narendra Modi has empowered its core Ministers to take independent decisions in a transparent and honest manner. “We draw a great lot of learnings from our PM on every meeting.He is a decisive and a very strong leader perhaps that makes people spread such misconceptions.”
Moving the exchange ahead, Munjal enquired about the resistance being accorded in the upper house and its impact on reforms. Clearing the air about reforms, Goyal said, “All key reformative bills will be cleared. It’s our government endeavor to reform for better profitability and better efficiency. The power ministry by mere rationalisation of coal linkages will save about Rs 6000 crore for the people of India.”