The Associated Chambers of Commerce and Industry of India

Vol. No. 44 Issue No. 10 • October 2019 • This issue is of 56 Pages • Single Copy Price: Rs. 90/-

Prime Minister of Bangladesh H.E. Sheikh Hasina and ASSOCHAM President Mr. B K Goenka at India – Bangladesh Business Forum (IBBF), New Delhi.

• International Relations • Gold • Start-ups • Defence & Security • Railways

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 1 Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 2 From the President’s Desk

Balkrishna Goenka President, ASSOCHAM

On behalf of ASSOCHAM, let me take this opportunity to extend our best wishes and greetings for Dussehra and Diwali. Economic growth momentum continues at a slack pace. Both RBI and NITI Aayog have revised their growth outlook. The government continues to infuse confidence-inducing measures in quick succession, with the last few months having seen repeated reduction in interest rates. Recently, one of the boldest and most industry-friendly decisions taken by government has been that on reducing corporate tax rates, which are now comparable with those globally. These steps have been taken despite fiscal constraints, and would impact the deficit, adding to the consternation of naysayers. But the government may consider this as a smaller trade-off, if it results in propelling growth. The government’s recent decision to merge banks has been a decisive step and would result in enhanced competitiveness and governance. All these measures are a clear indication of the boldness and earnestness of intent on the part of the government, and industry welcomes them with optimism. The sentiment in the market may seem to have wavered at times, but industry remains expectant, reflective of the confidence in the government. The measures augur well and have the potential to revive private investment inflow. The festive season is critical and being observed closely, with industry expecting some cheer and an upswing in consumption to pull investment. While the ongoing reforms would bear result in the near and long terms, it is imperative that consumption figures record an improvement. ASSOCHAM had the privilege of hosting the Hon’ble Prime Minister of Bangladesh accompanied by an eminent political and business delegation. The meeting which had enthusiastic participation from Indian industry, underscored the immense trade potential between the two countries across various sectors including textiles, infrastructure, maritime cooperation, fisheries, etc. and urged businesses to benefit from established institutional mechanisms. The recently held ASSOCHAM Gold Summit also highlighted the need for further bold steps extending to the gold sector, seeking further policy rationalisation, as the multi-faceted industry offers untapped potential to promote employment, exports, skill development and value addition, ingraining our economy further into the global value chain. ASSOCHAM will be leading the business delegation to Uzbekistan. The good response from the industry to the visit reflects the interest and significance accorded to the Uzbekistan-India relationship. Similar to India, the Uzbek Government has prioritised its efforts on small and medium enterprises as the engines of economic growth. ASSOCHAM has been emphasizing for continuity of reforms to ensure a robust recovery. It is widely accepted that our country has the requisite strengths in terms of people, skills, sound governance, political will, entrepreneurial zeal and technological innovation, all of which would ensure that growth would ensue. These factors should play a vital part in assuaging concerns. With this optimism and belief, I once again wish you season’s greetings and hoping for continued prosperity and growth of our economy.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 3 Mr. B. K. Goenka, President, ASSOCHAM and Chairman, Welspun Group with H.E. Sheikh Hasina, Hon’ble Prime Minister of Bangladesh, Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry and Railways, Government of India, Mr. Tipu Munshi, Hon’ble Minister for Commerce, Government of Bangladesh, and other dignitaries in the Inaugural Session of the India – Bangladesh Business Forum (IBBF) organized in honour of H.E. Sheikh Hasina, Prime Minister of Bangladesh India – Bangladesh Business Forum (IBBF) in honour of H.E. Sheikh Hasina, Prime Minister of Bangladesh

SSOCHAM organised The business forum was also Indian big investors can set up India – Bangladesh addressed by Mr Piyush industries in Bangladesh to Business Forum (IBBF) Goyal, Hon’ble Minister for the South-East Asian countries Ath on 4 Oct, 2019 in New Delhi in Commerce & Industry and taking advantage of the honour of H.E. Sheikh Hasina , Railways, Govt of India, improved connectivity between Prime Minister of Bangladesh. Mr. Tipu Munshi, Hon’ble us”. This business forum was Minister for Commerce, Govt jointly organized with the of Bangladesh, Mr. B K Goenka, She continued her address with apex chambers & supported President-ASSOCHAM along the mention that Bangladesh by Ministry of External Affairs, with host of other dignitaries. is looking for and is open for Govt of India. new investment and trade While addressing this forum opportunities. She said that H.E. Sheikh Hasina was on Prime Minister of Bangladesh her country offers conducive a four day official visit to said “We also want to see trade environment and sustainable India from 3rd to 6th Oct 2019. and investment together where development.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 4 Mr. Piyush Goyal, Hon’ble Minister for Commerce & Mr. Tipu Munshi, Hon’ble Minister for Commerce, Industry and Railways, Government of India addressing the Government of Bangladesh addressing the India – Bangladesh India – Bangladesh Business Forum (IBBF) in New Delhi Business Forum (IBBF) in New Delhi

Mr Piyush Goyal, Minister for these two nations and the need of Bangladesh and India Commerce & Industry and enhanced engagements in the to jointly work on enhancing Railways, Govt of India said, business communities will the bilateral trade. He assured India stands committed to every help the India- Bangladesh complete support from request that Bangladesh will relationships to grow stronger Bangladesh for Indian business make on the railway sector. He and going forward will follow entities looking for investment expressed his hope to see in the the path shown by the founding opportunities in very near future, an end to end fathers, Mahatma Gandhi connectivity with Bangladesh and Bangabandhu Sheikh ASSOCHAM President, Mr. B and a seamless corridor that Mujibur Rahman of India and K Goenka said, Bangladesh is facilitate people and goods Bangladesh respectively. India’s biggest trade partner movement from either side. in South Asia. Over the last 10 Mr. Tipu Munshi, Minister of years, India and Bangladesh He asserted that the people Commerce, Govt of Bangladesh have made unprecedented to people connect between emphasised on the growing progress in furthering bilateral

Mr. B K Goenka, President ASSOCHAM and Chairman, Welspun Group addressing the India – Bangladesh Business Forum (IBBF) in New Delhi

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 5 ties and moving towards On this important occasion, Logistics Limited. The Panelists building a multi-faceted three important Government included Mr. Sanjay Jadhav, relationship, which today covers to Business (G2B) MoUs were Head & CEO International cooperation in wide range of exchanged to enhance bilateral Operations – South Asia, areas, including security and trade and collaboration Mahindra & Mahindra Ltd., border management; trade between India & Bangladesh. Mr Ashok Anantharaman, Co and investment; connectivity; These MoUs are between - – Chair, South Asia Regional energy and power; space; Council, FICCI & Director – development projects; culture; 1. Start-up Bangladesh and International, CNH Industrial and greater people-to-people Tech Mahindra. (India) Ltd, Mr. Osama Taseer, exchange. 2. Bangladesh Economic President, Dhaka Chamber of Commerce & Industry (DCCI), The trade and investment Zones Authority and Adani between our two countries Ports & SEZ. Mr. Faruque Hassan, President, Dutch Bangla Chamber of are increasing and volume 3. eGeneration & Highbar Commerce and Industry of bilateral trade has steadily Technocrat Ltd. grown during the past years. (DBCCI) & Managing Director, The balance of trade, however, An interactive panel discussion Giant Group and Mr. Golam is still largely in India’s favor. on “India – Bangladesh Trade Mostafa, Chairman, Desh The volume of trade between & Investment: Opportunities & Bandhu Group. two countries is nearly USD Challenges” was also organized 10 billion. In 2018, Bangladesh at this business forum to The Business forum witnessed was India’s eighth largest brainstorm on ideas for more than 280 delegates from export destination with USD enhancing trade and investment India and Bangladesh. The huge 8.8 billion of export. The export opportunities. The session was participation in business forum from Bangladesh to India also moderated by Mr. Rahul Rai, clearly reflected the growing crossed 1 billion dollar mark for Head, Business Development, mutual business interest the first time in same year. Projects & Engineering, Allcargo between India & Bangladesh.

Panel Discussion on “India – Bangladesh Trade & Investment: Opportunities & Challenges.” Panelists include: Mr. Sanjay Jadhav, Head & CEO International Operations – South Asia, Mahindra & Mahindra Ltd. , Mr Ashok Anantharaman, Co – Chair, South Asia Regional Council, FICCI & Director – International, CNH Industrial (India) Ltd, Mr Rahul Rai- Head, Business Development, Projects and Engineering, Allcargo Logistics Ltd,Mr. Osama Taseer, President, Dhaka Chamber of Commerce & Industry (DCCI), Mr. Faruque Hassan, President, Dutch Bangla Chamber of Commerce and Industry (DBCCI) & Managing Director, Giant Group and Mr. Golam Mostafa, Chairman, Desh Bandhu Group.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 6 L to R: Shri Deepak Sood, Secretary General, ASSOCHAM; Shri N. Anantha Padmanaban, Chairman, The All India Gem & Jewellery Domestic Council (GJC); Shri Somasundaram P R, Managing Director India, World Gold Council (WGC); Shri B K Goenka, President, ASSOCHAM; Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance & Corporate Affairs, Government of India; Shri S K Jindal, Chairman, National Council on Commodity Markets, ASSOCHAM; Shri Rajesh Khosla, Chairman - Emeritus, MMTC – PAMP India Pvt. Ltd. & National Vice President, IBJA; Shri K Srinivasan, Panel Member - Gold Jewellery & Other Precious Metal Jewellery, The Gem and Jewellery Export Promotion Council (GJEPC).

12th International Gold Economic Forum

here is a need to establish departments to encourage not just for jewellery but as an brand image of India as greater participation of ‘asset’ too, Mr Thakur said, the Jeweller of the world, religious institutions in Gold “Banks must take forward the T message of GMS as an effective Minister of State, Ministry of Monetization Scheme (GMS). Finance, Mr Anurag Singh instrument of recycling gold Thakur said at an ASSOCHAM Noting that the announcement stocks held within the country event held in New Delhi. made in the Budget formally with a view to reducing the recognizes that gold is bought import of gold.” “I appreciate that the Gold industry realises what they need to do and their expectations from the government. Before you ‘ask’ government, you have set yourselves a ‘task’ of defining and identifying your issues towards contributing to the target of a USD 5 Trillion economy,” said Mr Thakur while inaugurating ASSOCHAM’s 12th International Gold Economic Forum.

He also said that banks can L to R: Shri B K Goenka, President, ASSOCHAM; Shri Anurag Singh Thakur, engage with state endowment Hon’ble Minister of State for Finance & Corporate Affairs, Government of India

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 7 into the domestically held gold by households and temple/ trusts.”

Mr B.K. Goenka, president, ASSOCHAM in his address said that development of gold as an organized sector can give rise to opportunities in skill development, employment generation, technological upgradation, exports and value addition.

Highlighting that various Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance & Corporate schemes for mobilization Affairs, Government of India of idle gold holdings have been implemented by the The Minister added, “We can not SUSPECT all, RESPECT Government and RBI in the encourage more branches of honest tax payers and do not past, but with little success, banks to accept gold deposits hassle them.” Mr Goenka said, “Attempts to under the GMS and also to mobilise gold under various He further said that at more extend Gold Metal Loans. schemes have not evoked the than 24,000 tonnes, Indian We have and will continue to desired response. This calls for households hold the largest support the Gold Industry.” reviewing the rules to make stock of gold in the world. “The them more investor friendly Mr Thakur also said that he country currently has one of the and cut down the transaction along with the Union Finance highest saving rates in the world, costs involved.” Minister has travelled across estimated at around 30 per cent India and have told the income of total income. GMS has huge The ASSOCHAM chief also tax officials, to respect the potential and can achieve great said that in formulating a gold wealth creators of India. “Do success by effectively tapping policy and import tariff regime,

L to R: Shri Somasundaram P R, Managing Director India, World Gold Council (WGC); Shri Deepak Sood, Secretary General, ASSOCHAM; Shri N. Anantha Padmanaban, Chairman, The All India Gem & Jewellery Domestic Council (GJC);; Shri B K Goenka, President, ASSOCHAM; Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance & Corporate Affairs, Government of India; Shri S K Jindal, Chairman, National Council on Commodity Markets, ASSOCHAM; Shri Rajesh Khosla, Chairman - Emeritus, MMTC – PAMP India Pvt. Ltd. & National Vice President, IBJA; Shri K Srinivasan, Panel Member - Gold Jewellery & Other Precious Metal Jewellery, The Gem and Jewellery Export Promotion Council (GJEPC).

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 8 Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance & Corporate Affairs, Government of India along with (L to R): Shri Padmendra Rawat, Sr. VP – Strategic Affairs, Welspun Group, Shri Deepak Sood, Secretary General, ASSOCHAM; Shri B K Goenka, President, ASSOCHAM; Shri. Ajay Mathur, Director - Precious Metals, Dubai Multi Commodity Centre (DMCC); Shri Anil K. Agarwal, Past President, ASSOCHAM; Shri S K Jindal, Chairman, National Council on Commodity Markets, ASSOCHAM; Shri Ankit Krishna, Assistant Director, ASSOCHAM. it would be very much desirable industry has to create its own ASSOCHAM National Council to keep in view Indian ground infrastructure.” on Commodity Markets in his realities, where households address said, “A multi-faceted have strong preference for “Why don’t we come together industry like gold needs a holistic the yellow metal due to both and have a code of conduct?” approach in policy formulation. economic and non-economic he said while adding, “We Integrating gold with Hon’ble factors. have to start self-regulating, we Prime Minister Narendra have to build a single voice. We Modi’s broader economic vision “A positive policy framework must have a list of asks from of ‘Make in India,’ and $5 trillion for gold should consider macro- the government, but we should economy is inevitable to achieve environment, value addition, go with a single, unified voice these goals.” financial markets, external saying, this is what we will do, sector (export, import and this is our code of conduct, this He also said, “What is most related policies), and protection will be our self-enforcement important is that government of consumer interest, skill mechanism and then seek and industry should be on the development and job creation,” inputs from the government.” same page, and their action added Mr Goenka. plan should be common and Mr Somasundaram further uniform.” In his address at the said, “It’s time for us to come ASSOCHAM’s conference, Mr together as an industry and ASSOCHAM’s secretary Somasundaram PR impressed see what we should do. Unless general, Mr Deepak Sood upon the need for associations we do it ourselves, there is in his address said, “With representing the gold industry absolutely no point in going to monetization of gold assets to come together. “As an the government with a list of for economic growth, the industry, we have to have demands.” industry promises to be a major a single voice, we have to contributor towards PM’s $5 understand that $35-40 billion Mr S.K. Jindal, chairman, trillion economy goal.”

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 9 Left To Right: Dr. Prannoy Roy, Co-founder and Executive Co-chairperson of New Delhi Television, Shri Amitabh Bachchan, Eminent Bollywood Actor, Dr. Niranjan Hiranandani, Senior Vice-President of ASSOCHAM and Co-Founder & Managing Director, Hiranandani Group of Companies, during the panel discussion on air pollution on Swasthagraha live program on 2nd October, 2019, aired on NDTV. Har Saans Swachh

he Bad air quality or air household air pollution are the to be a part of this program pollution, both outdoor major contributory factors. and continue working on and indoor, has surfaced Awareness on Air Pollution T Good news is that as a as one of the deadly menaces through Har Saans Swachh around the world. According responsible nation and a Campaign. to a WHO Report, polluted resolute leadership under outdoor air alone caused 4.2 Hon’ble Prime Minister Shri The programme was anchored million pre-mature deaths Narendra Modi, India has taken by Dr Prannoy Roy along with around the world in 2016, of up a leadership role on a global the campaign ambassador which 90 per cent were in low stage -whether it is with regard Mr. Amitabh Bachchan. and middle income countries. to the Paris Agreement of 2016 or replacing the fossil fuel Dr. Niranjan Hiranandani, Automobile emission, biomass based energy with renewable Sr. Vice President, ASSOCHAM and open waste burning, and non-renewable sources like shared the initiatives thermal power plants and solar and wind. We are also undertaken by the Chamber diesel generating sets all add to working earnestly towards the to ensure a swachhh Bharat outdoor air pollution. UN -Sustainable Development during the program. Further, he Goals (SDGs) which among added that how healthier and India is no exception to air others, have green energy. hygienic habits were adopted pollution even as we have in this years’s Kumbh Mela and emerged as one of the fastest NDTV – Dettol Banega how India can achieve anything growing economies of the Swasth India had organized if its people come together. world. Air pollution is the ‘Swasthagraha’ 12-Hour third biggest cause of death Telethon at Yashraj Studios, As an apex organization of India among all health risks. Outdoor Mumbai on Wednesday, 2nd Inc, retaining the leadership particulate matter (PM) 2.5, and October 2019. We are proud position for about 100 years,

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 10 Dr. Niranjan Hiranandani, Senior Vice-President of ASSOCHAM and Co-Founder & Managing Director, Hiranandani Group of Companies along with other eminent guest and prominent speakers during the session on Hygine Pracitces in Kumbh Mela Swasthagraha live program on 2nd October, 2019, on NDTV.

ASSOCHAM has been the Punjab Pollution Control with other states as well. contributing towards spreading Board, Agriculture Department, awareness about controlling Health department and other People-oriented programmes air pollution, particularly in Punjab Government Agencies like Nukkad Natak, Health rural areas. Under a dedicated to explain to the farmers the Check-up camps and CSR Team, the ASSOCHAM health hazards of air pollution. competitions are organized to has been actively engaged Then they are also briefed about with farmers in more than 100 spread awareness for checking different subsidy programmes villages in Patiala district of air pollution in these villages of the government to buy Punjab. the problem of air pollution is machines for disposal of stubble becoming quite severe even in For instance, our ASSOCHAM which can give them economic the rural landscape. CSR team visit in villages of value as an alternative to Patiala along with officials of burning. We are partnering

Project activities run by ASSOCHAM CSR arm and supported by Dettol SiTi Shield

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 11 Shri Rattan Lal Kataria, Hon’ble Minister of State for Social Justice and Empowerment along with Smt. Rashmi Singh, IAS, Secretary, New Delhi Municipal Council inaugurating ASSOCHAM Conference & Awards: Menstrual Hygiene Management & Gender Equality Menstrual Hygiene Management and Gender Equality

here is an urgent need the Minister said, “Increased and to break the culture of for policy initiatives knowledge about menstruation silence and inertness, besides Tto empower women right from childhood may puberty education needs to against gender inequalities, escalate safe practices and may be include menstrual hygiene Minister of State for Social help in mitigating the suffering management (MHM) at Justice and Empowerment, of millions of women.” curricular level for healthy Mr Rattan Lal Kataria said at development of adolescents.” an ASSOCHAM event. He added, “Thinking has to be changed and proper awareness In her address at the “India’s progress towards is needed to make women and ASSOCHAM conference, gender equality on girls realise the importance Ms Rashmi Singh, secretary, various measures has been of using hygienic products New Delhi Municipal disappointing, despite fairly during menstruation.” Council (NDMC) said that rapid rates of economic MHM is critically related to growth,” said Mr Kataria while Mr Kataria further said that development because girls inaugurating an ASSOCHAM girls should be educated being unable to attend school conference on ‘Menstrual about significance and owing to menstrual taboos also Hygiene Management and facts of menstruation, and needs to be seen in terms of an Gender Equality. physiological implications. economic opportunity lost. “All efforts are needed to Sharing his views on the need change the age-old social She also suggested the industry to promote menstrual hygiene, attitude towards menstruation to come up with low-cost

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 12 Shri Rattan Lal Kataria, Hon’ble Minister of State for Social Justice and Empowerment addressing the participants ASSOCHAM Conference & Awards: Menstrual Hygiene Management & Gender Equality options, considering it is a very look at the successful models, Addressing the conference, important social cause, so not make a compendium and see Mr Maninder Singh, co- just in terms of profit motive how they can be replicated and chairman, ASSOCHAM but as a sustainable model taken up to scale.” National Council for thereby creating a revolving Skill Development and fund. “It would be desirable She added, “We need a coalition Entrepreneurship said, “This to keep it as low-cost product, to work around this issue as problem is no less than the biodegradable/compostable so there are multiple ministries Swacch Bharat problem of India. that we do not end polluting related to it – Women and Imagine out of 355 million girls/ the environment by piling up Child Development, Jal Shakti, women in our nation only 12% plastic waste.” Science and Technology, use proper sanitation like pads, etc and rest all are undergoing Highlighting that there have MSME and others, then there this issue throughout on social, been various models developed are NGOs, corporate and religious, hygiene, economic by women themselves at self- industry partners so it needs and mental level.” help groups, Ms Singh said “I to be promoted as a movement with a convergence approach to urge the industry leaders to He also said, “We at take this momentum ahead. take it up as a movement to ASSOCHAM have taken this responsibility to convert this event into a national movement wherein we shall ensure that we can skill, educate and train girls/women to fight this problem strongly to help them come out of this social taboo.”

Other key speakers included – Ms Suroor Sethi, MD, Priyanka India; Ms Nighat Abbas, spokesperson, Delhi BJP and Mr Smt. Rashmi Singh, IAS, Secretary, New Delhi Municipal Council addressing the participants on ASSOCHAM Conference & Awards: Menstrual Hygiene Ajay Sharma, assistant secretary Management & Gender Equality general, ASSOCHAM.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 13 Releasing Knowledge Report during National Conference on “Indian Agriculture – Agenda for Inclusive Growth” (L-R): Shri Ajay Kakra, Leader, Food and Agriculture, PwC India, Shri Joe Phelan, Director, WBCSD India, Shri Jaidev Shroff, Chairman, ASSOCHAM’s Council on Agri Inputs and Farming Practices & CEO, UPL Global, Shri Parshottambhai Rupala, Hon’ble Minister of State for Agriculture and Farmers’ Welfare, Government of India, Shri Deepak Sood, Secretary General, ASSOCHAM, Dr. P K Chakrabarty, Member, ASRB

Indian Agriculture Agenda for Inclusive Growth

ills to check spurious Conference on Indian agriculture sector, Mr Rupala seeds and pesticides Agriculture ‘Agenda for further said the demand for Bmanagement are inclusive growth’. organic food is witnessing an expected to be tabled in the exponential increase amidst coming session of Parliament, He said the government is a big craze. “In the overseas Minister of State for Agriculture seriously pursuing these restaurants, every table is not and Farmers’ Welfare issues in all earnest as in the only segregated in terms of Mr Parshottam Rupla said at absence of proper policies and vegetarian or non-vegetarian an ASSOCHAM Conference in regulations; the country has to but also organic or non-organic. New Delhi. face menace of spurious seeds Moreover, a system of proper and pesticides. In fact, India tagging is catching up, whereby “We are pursuing both the Bills, has a great potential to emerge it must be clearly mentioned as to on pesticides management and as a major exporter of seeds for where from and which farm the on seeds. I am hopeful that the world agriculture sector, he food items have been sourced”. these would be finalised in the said. next session (of Parliament),” All these throw open a big Mr Rupala said, addressing Referring to the new global opportunity for the Indian the ASSOCHAM National opportunities in the food and entrepreneurs in the agriculture

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 14 sector, which must be taken to the global market in a bigger way through organic food.

Increasing vegetable oilseeds to reduce dependence on import is yet another opportunity in the farm sector along with involvement of entrepreneurs in food processing and value- addition. “A country like Vietnam sources un-processed food products from India, value-adds and then export to the world market”.

He said the Ministry of Food Processing is extending liberal (L-R): Shri Jaidev Shroff, Chairman, ASSOCHAM’s Council on Agri Inputs and Farming Practices & CEO, UPL Global, Shri Deepak Sood, Secretary General, benefits to the entrepreneurs in ASSOCHAM value addition, which holds a big promise. services and manufacturing must also harness its production sector that ranks 11-12%. capacities to generate more Dr. P K Chakrabarty, Member India’s Agri GDP increased at a export-oriented produce. It is ASRB said, “With 11% of total remarkably higher growth rate necessary to complement the global agriculture India today of 350% during the last 16 years structural changes required in ranks second in the World Agri compared to erstwhile period of the agriculture sector in India Production as leading producer 30 years, said Dr. Chakrabarty. with policy re-orientation and of several commodities re-alignment. including food grains, cotton, Mr Jaidev Shroff, Chairman, horticulture produce, dairy and ASSOCHAM’s Council on Agri Mr. Deepak Sood, Secretary poultry aquaculture and spices. Inputs and Farming Practices General ASSOCHAM also Agriculture production in 2017 & CEO, UPL Global said, there mentioned that there is a was valued at $401 billion that is is a need to increase awareness growing impetus to create more than 70% of $279 billion.” about technology adoption in a policy environment that efficient water management, support all agricultural value Even India’s trade in agriculture and reducing food wastage chain stakeholders and to push sector fetches more revenue than across the value chain. India for sustainable agriculture

Shri Parshottambhai Rupala, Hon’ble Minister of State of Agriculture and Farmers’ Welfare, GoI addressing the Conference

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 15 Dignitaries addressing the Session on “Enhancing Make in India & Agriculture Exports to Accomplish Doubling the Farmers’ Income by 2022” at National Conference on “Indian Agriculture – Agenda for Inclusive Growth” (L-R): Shri Ravinder Grover, Associate Director, Agriculture and Natural Resources (GRID), PwC India, Shri Nilesh Kulkarni, Commercial Head, Gharda Chemicals, Dr. Raju Kapoor, Director – Corporate Affairs, FMC, Shri Sagar Kaushik, Global COO, UPL Ltd., Shri A K Gupta, Director, APEDA, Dr. Sangeeta Dawar, Outreach Manager, Public Affairs and Sustainability, Bayer CropScience, Shri S O Tyagi, Head - Government Commercial Liaising, Mahindra & Mahindra Limited

growth. While several policies Agriculture, PwC India said, agricultural ecosystem is fit- and schemes are in place in the “Indian agricultural economy for-future. One needs to look agriculture sector, it remains is undergoing a much at the development of the necessary to identify key gaps needed transformation. The allied industries like exports, that are hindering large scale Government is focussing bon agricultural finance, farm implementation with maximum doubling farmers’ income, mechanisation and irrigation, impact. developing market linkages, food processing and storage ensuring quality and timely to ensure a sustainable Speaking on the launch of input supply, promoting development of the sector. PwC’s paper on ‘Sowing the investments and adopting There is a strong need to link policy seeds of a flourishing emerging technologies. small holder farmers directly agriculture sector’, Ajay However, there’s lots to be to market and facilitate inter Kakra, Leader – Food and done to ensure that the market connectivity.”

Dignitaries addressing the session on “Concurrent Challenges for Sustainable Farming” (L-R) Shri Krishan S. Rautela, Associate Project Officer (Infrastructure), Asian Development Bank, Shri V. Padmanand, Partner, Grant Thornton, Shri Vijay Sardana, Agribusiness Expert - Lawyer, Regulatory Compliance & Risk Management Expert, Independent Director on Boards & on Expert Committees, Dr. Sangita Ladha, VP – Marketing, Jain Irrigation Systems, Ms. Vineeta Hariharan, Government Relations, Public Policy and Programme Formulation, World Bank Group

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 16 Shri Rakesh Nangia, Co- Chairman, National Council on International Taxation, ASSOCHAM, Shri Akhilesh Ranjan, Member (Legislation), CBDT, Shri Milind Kothari, Chairman, National Council on International Taxes, ASSOCHAM and Shri Saurabh Sanyal, Deputy Secretary General, ASSOCHAM 16th International Tax Conference

here is need to look at the year after year,” said Mr simplify those things, then yes whole tax system to try Ranjan while inaugurating compliance will increase and it Tand simplify it, make it ASSOCHAMs 16th International should lead to better revenue more streamlined and effective, Tax Conference. growth in future.” CBDT member (Legislation) and Convenor of the Task force He added, “The distortions that Talking about the DTC report constituted by the Government have crept-in over the years which has been submitted by to draft New Direct Tax Code have really made the tax system the panel headed by Mr Ranjan (DTC), Mr Akhilesh Ranjan complex. I think if you’re able to but is yet to be made public, said at an ASSOCHAM event held in New Delhi.

“Corporate taxation in India at present, is a bit higher than international standards, particularly when you compare with the emerging economies and with the neighbouring Asian and South-Asian economies, so reduction in tax rates is called for, a change in the way of corporate taxation is called for as there have been too Shri Akhilesh Ranjan, Convener, Task force on New Direct Tax Law & Member many complexities introduced (Legislation), CBDT

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 17 Ms Neha Malhotra, Executive Director, Nangia Advisors, Shri Rakesh Nangia, Co- Chairman, National Council on International Taxation, ASSOCHAM,Shri Rasmi Ranjan Das, Joint Secretary (FT&TR)-I, CBDT and Shri Rupak Saha, Partner, PwC

he said, “We have focussed building that relationship with adding on provisions now and on compliance as that is the the taxpayer where he feels that again,” he said. cornerstone of any tax policy tax is no longer a burden. and compliance has different He however said that for “There are major improving compliance, the aspects, it is not just about tax recommendations there on taxpayer must believe that rates, ease of filing procedures, using technology to improve the tax rates and structure is it is also about modernising compliance, to provide better something which is reasonable systems, improving litigation services and information to the and moderate, that perception systems management, making taxpayer to in-turn get better must be there in the taxpayers the law itself more information from taxpayer. mind, he must not feel that comprehensible and more There are chapters on litigation this is a burden. “The moment organised.” management, attempt has been he starts feeling that this He informed that the main thrust made to simplify computation tax is something which the is on compliance, persuading of incomes, various things, the government has the right to the taxpayer to comply even whole structure which had ask for, then compliance starts further with the tax laws and become very complicated by and that’s the basic principle.”

Shri Rahul Garg, Chairman, National Council on Direct Shri Rahul Garg, Chairman, National Council on Taxes, ASSOCHAM Direct Taxes, ASSOCHAM and Padma Shri Mrs Geeta Dharmarajan, Founder – Katha

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 18 Shri G K Dhall, Commissioner of Income Tax (DR) (ITAT) Shri Anupam Dutta, Executive Director, PwC and Shri Alok B (International Tax) and Shri Rasmi Ranjan Das, Joint Secretary Lal, Director, Microsoft Corporation (India) Pvt Ltd (FT&TR)-I, CBDT

Mr Ranjan added, “I think it the years to come we will be industry’s and businesses’ is a good document, parts of trying to implement some of cooperation as and when this it have already started getting them.” concept comes into the Indian implemented, and I do not tax administration whereby Mr Ranjan said that it is think we will have to wait industry can participate and more important to develop much longer.” get more certainty.” an advanced system of cooperative compliance. He also said that there is a need On concerns about to look at approaches which “I think that is something government meeting its direct combine alternate dispute which both government and tax collections, he said, “Yes, resolution systems with industry must look forward the growth in collections is systems that can handle or to, cooperative compliance lesser than expected, I think manage the existing litigation programme is something which we’ll be sitting down, having in a much better manner. has been successful in countries “The taskforce report talks like the UK, it is something a look at all the reasons and about these alternate dispute we should be looking at and reorganising our strategies for resolution systems, I think in that’s where we will need that.”

Shri Shailendra Kumar, CEO & Founder Editor, Taxindiaonline, Shri Sudipta Bhattacharjee, Partner, Advaita Legal and Shri Sanjeev Agarwal, Head of Taxation, Customs & Exports control, BMW India

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 19 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

The Indian Delegation receiving the Secretary (Defence Production), H. E. Ms. Ruchi Ghanashyam, High Commissioner, High Commission Ministry of Defence, Government of India, Shri Subhash Chandra at of India to the United Kingdom at the ASSOCHAM India Pavilion at the DSEI 2019, London, United Kingdom. the DSEI 2019, London, United Kingdom.

The Secretary (Defence Production), Ministry of Defence, Government of India with the Indian Defence delegation at DSEI 2019.

ASSOCHAM Indian Pavilion Delegation addressing the Indian High Ashish Rajvanshi, Chairman Defence and Aerospace National Council, Commissioner, Mrs. Ruchi Ghanashyam, High Commission of India to ASSOCHAM, Shri Subhash Chandra, Secretary Defence Production, the United Kingdom. Ministry of Defence, Govt. of India, Shri Ajay Soni from PLR Systems.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 20 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

Smt. Sungita Sharma, Chief Commissioner of CGST & Central Excise Shri Avinash Sharma, Director, ASSOCHAM, Shri Paras Jain, Zone, Mumbai Co-Chairman, National Council on Indirect Taxes, ASSOCHAM, Smt. Sungita Sharma, Chief Commissioner of CGST & Central Excise Zone, Mumbai, Shri Rajendra Adsul, Joint Commissioner of State Tax (GST),EIU, Govt. of Maharashtra and Shri Adithya Srinivasan, Partner, DAA Consulting

Shri Rajendra Adsul, Joint Commissioner of State Tax (GST),EIU, Shri Akshay Arvind, Partner, DAA Consulting, Shri Paras Jain, Govt. of Maharashtra Co- Chairman, National Council on Indirect Taxes, ASSOCHAM, Shri Parag Chavan, Director, PwC and Ms. Poorva Bhat, Associate Director, PwC

Shri Avinash sharma, Director, ASSOCHAM, Shri Paras Jain, Co- Shri Ritesh Kanodia, Partner, Dhruva Advisors addressing the tax Chairman, National Council on Indirect Taxes, ASSOCHAM, Shri conference. Ritesh Kanodia, Partner, Dhruva Advisors, Shri Sushil Solanki, Advisor, TLC Legal and CA Surbhi Punshi, Cleartax

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 21 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

Mr. Savji Dholakia, Chairman, Hari Krishna Exports Pvt. Ltd.; Mr. Mr. Keyur Shah, CEO - Precious Metals Business, Muthoot Pappachan Somasundaram P R, MD - India, WGC; Mr. N. Anantha Padmanaban, Group; Mr. Surendra Mehta, Secretary, IBJA; Mr. Arjun Raychaudhri, Chairman, GJC; Mr. Surinder Pal Singh, JS (FT), Dept. of Economic MD & CEO, MMTC - PAMP India Pvt. Ltd.; Dr. Rathin Roy, Director Affairs, MoF; Mr. S K Jindal, Chairman, National Council on - NIPFP; Mr. Gerhard Schubert, Founder, Schubert Commodities Commodity Markets; Mr. Rajesh Khosla, Chairman Emeritus, MMTC Consultancy, DMCC; Mr. Shivanshu Mehta, Head – Bullion, MCX. – PAMP India; Mr. K Srinivasan, Panel Member, GJEPC.

Mr. Somasundaram P R, Managing Director - India, World Gold Dr. V.P. Joy, Director General, Directorate General of Hydrocarbons, Council; Shri Anurag Singh Thakur, Hon’ble Minister of State for Ministry of Petroleum & Natural Gas, Govt. of India Finance & Corporate Affairs, Government of India; Shri S K Jindal, Chairman, National Council on Commodity Markets, ASSOCHAM.

Mr. Sudheesh Nambiath, Head, IGPC; Mr. Sandeep Lakhwara, MD, Mr. Ajay Mathur, Director - Precious Metals, DMCC; Mr. Krishna Deccan Gold Mines; Mr. Charles Devenish, Chairman, Geomysore Hegde, Consumer Business Head, MMTC - PAMP India Pvt. Ltd.; Services Pvt. Ltd.; Dr. V.P. Joy, Director General, Directorate Mr. Jeffrey Rhodes, Founder & Mg. Consultant, RPMC, DMCC; Mr. General of Hydrocarbons; Mr. Nick Spencer, MD, Galaxy Gold Mines; Arjun Raychaudhri, MD & CEO, MMTC - PAMP India Pvt. Ltd.; Mr. Mr. Chirag Sheth, Sr. Research Consultant – South Asia, Metals Focus. Somasundaram P R, MD- India, WGC; Mr. Amit Nayyar, President, Paytm; Mr. Gerhard Schubert, Founder, Schubert Commodities Consultancy, DMCC.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 22 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

Shri Nitin Gadkari, Minister of Road Transport and Highways of Shri Radhey Shyam Julaniya, IAS, Secretary of Sports, Ministry India with Shri B K Goenka, President ASSOCHAM, Shri Deepak of Youth Affairs & Sports, Government of India, L Robinson Singh, Sood, Secretary General ASSOCHAM, Shri Saurabh Sanyal, Deputy Sr. Executive, ASSOCHAM, Shri Deepak Sood, Secretary General, Secretary General ASSOCHAM and Shri Milind Hardikar, Director ASSOCHAM, Shri Kiren Rijiju, Hon’ble Minister of Youth Affairs and Group Strategic Initiatives Welspun . Sports, Government of India, Shri Ajay Sharma, Assistant Secretary General, ASSOCHAM, Shri Gaurav Grover, President, New Delhi Social Workers Association

Mr. C. N. Raghupathi, Senior Vice President, Head - India Business, Mr. Puneet Bhatia, Principal Consultant, Infosys, Prof. Sarthak Gaurav, Infosys Affiliate Faculty at Centre for Policy Studies and Centre of Excellence for Blockchain Technologies, IIT Bombay, Swapnil Bhatnagar, Research Director, Avasant,. Sreenivas Rao, Global Head of Supply Chain, Sun Pharma. Mr. Srikanth Challa, Head, Blockchain Sales, Infosys

Mr. G Kishan Reddy, Union Minister of State for Home Affairs, Govt. ASSOCHAM Deputy Secretary General Mr Saurabh Sanyal along of India along with ASSOCHAM sr. officials. with Mr.Ravi Capoor the recently appointed Secretary, Ministry of Textile. Also seen: Mr Ajay Sharma, Asst Secretary General ASSOCHAM

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 23 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

Shri Shripad Yesso Naik, Hon’ble Raksha Rajya Mantri, Ministry of Mr. Ashok Bajpai, Member of Parliament Rajya Sabha at INDIA Defence, Government of India inaugurating the INDIA DEFENCE & DEFENCE & SECURITY EXPO 2019 “MAKE IN INDIA 2.0”. SECURITY EXPO 2019 “MAKE IN INDIA 2.0”. Also seen in pic: Shri Deepak Sood, Secretary General, ASSOCHAM and Mr. Ajay Sharma, Asst. Secretary General ASSOCHAM.

Mr. Ajay Bhatt, Member of Parliament Bhartiya Janta Party at INDIA Mr. Ajay Bhatt, Member of Parliament Bhartiya Janta Party at INDIA DEFENCE & SECURITY EXPO 2019 “MAKE IN INDIA 2.0”. DEFENCE & SECURITY EXPO 2019 “MAKE IN INDIA 2.0”.

Col. Saurabh Sanyal (Retd.), Deputy Secretary General, ASSOCHAM, Dr. S. Guruprasad, DS & DG - (PC & SI), DRDO, Shri Srikanth Lt. General Vinod Bhatia, PVSM, AVSM, SM (Retd.) Director, Centre T V, GM - Sales, INTECH, Major General Sanjeev Khanna (Retd.), for Joint Warfare Studies (CENJOWS), Mr. Ashok Bajpai, Member of Principal Advisor, Bharat Forge, Col KV Kuber, Indian Army Parliament Rajya Sabha, Shri Sandeep Kumar, CEO, Magal Security Veteran, Director, EY LLP, Shri Vaibhav Gupta, Director, MKU Ltd, Systems (India) Ltd. Major General Pawan Anand, Additional DG, Engineering Stores Provisioning Directorate, Army Headquarters and Shri Vishwakumara Kayargadde, Co-Founder and COO, Saankhya Labs

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 24 CHAMBERCHAMBER INTERACTIONSINTERACTIONS

Air Vice Marshal S. Ramakrishnan, VSM Assistant Chief of the Mr. Ajay Bhatt, Member of Parliament Bhartiya Janta Party at INDIA Air Staff (Maintenance Plans), Air HQ at INDIA DEFENCE & DEFENCE & SECURITY EXPO 2019 “MAKE IN INDIA 2.0” along SECURITY EXPO 2019 “MAKE IN INDIA 2.0”. with ASSOCHAM sr. officials.

A view of INDIA DEFENCE & SECURITY EXPO 2019 “MAKE IN A view of INDIA DEFENCE & SECURITY EXPO 2019 “MAKE IN INDIA 2.0” INDIA 2.0”

Mr. G Kishan Reddy, Union Minister of State for Home Affairs, Mr Ajay Sharma, Astt. Secretary General ASSOCHAM with Joint Govt. of India along with Mr. Ajay Sharma, Asst. Secretary General Secretary Naval Systems, Ministry of Defence Shri Vijayendra. ASSOCHAM.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 25 ASSOCHAM conferred Dr. Muhammed Majeed, Chairman, Sami-Sabinsa Group with an Indian Nutraceutical Trailblazer Award presented by our Chief Guest, Mr Pratap Chandra Sarangi, Minister of State for MSME

5th National Symposium on Nutraceuticals

he Ministry of Micro, I am quite optimistic that you to adopt organic farming and Small and Medium will become history makers we have to develop a food TEnterprises (MSME) and to help India march forward supplement so that nutritional Ministry of AYUSH (Ayurveda, in this field and be a guiding level is high and diseases cannot Yoga & Naturopathy, Unani, light to the whole world,” said thrive in our body. So long as Siddha, Sowa Rigpa and Mr Sarangi while addressing immunity is strong enough, no Homoeopathy) have signed th ASSOCHAM’s 5 National outer germ can thrive in our an agreement to work jointly Symposium on Nutraceuticals. body.” to promote nutraceuticals He also advised the nutraceutical industry in India, Mr Pratap Mr Sarangi also said that it is industry to develop their Chandra Sarangi, Minister imperative for nutraceutical of State for MSME said at an research wings to enable India to experts to find an alternative ASSOCHAM event held in march ahead in line with India’s to the modern, critical method New Delhi. very rich, traditional, glorious of treatment. “In spite of the cultural history in this field. “My department MSME and development of science, we are Ayush have also signed an He added, “We have to live lacking in providing an all-time agreement, to work jointly and in tune with nature, we have solution to diseases.”

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 26 He lamented that due to the costly and complicated method of modern, allopathic treatment people are very much frustrated, unable to pay the costs, unable to go through all such a lengthy process and there is no surety also as sometimes it is based on imagination. “So people are very frustrated and they want an alternative method to not only cure but also to prevent diseases to increase our immunity so that diseases will Our Chief Guest for the day, Hon’ble MoS for MSME, Shri Pratap Chandra Sarangi not occur.” ji addressing the gathering

He urged the nutraceutical arises for surgical treatment and that Many herbal products experts at the conference to find other medicinal approaches, are disappearing from earth out ‘truths’ related to medicine, while 90 per cent cases can be due to various reasons like food supplements, nutrition. prevented by changing our negligence, mining, and other “You should have focussed lifestyle, food habits and few industrial programs. “We have attention on this subject and other practices. to preserve these god-gifted you can find out an alternative valuable things.” to the use of modern medicine.” Mr Sarangi, who is also MoS, Fisheries, Animal He said that while it is often The Minister further said that Husbandry & Dairying said considered that ayurvedic only in microscopic cases need that it is concerning to note doctors are inferior to allopathic

Release of Knowledge paper - INDIAN NUTRACEUTICAL INDUSTRY - BUILDING GLOBAL MOMENTUM AMID REGULATORY CHALLENGES jointly prepared by ASSOCHAM and Sathguru Management Consultants

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 27 doctors who are more knowledgeable, it is not a fact. “We need to change our mind sets. You are the people who can impress upon the bureaucrats and policymakers by your strong attempt to change the mind set and you can be instrumental in making India a vibrant country by encouraging young entrepreneurs, doctors.”

In his address, Padmashri Dr D.S. Rana, chairman, Our Guest of Honor for the day, Dr. Chindi Vasudevappa, Hon’ble Vice Chancellor, ASSOCHAM National Council National Institute of Food Technology Entrepreneurship and Management, MoFPI addressing the gathering on Wellness and chairman, Sir Ganga Ram Hospital said, “The growth in the coming five efficient utilisation of our nutraceutical industry should years.” medical resources.” come together to ensure that nutrition reaches the last mile Addressing the ASSOCHAM Other speakers included: across rural India.” conference, Dr Sudhir Kalhan, Mr Deepak Goyal, COO, Tirupati Group of Companies; chairman, Institute of Minimal Dr Pushpa Vijayaraghavan, Dr Muhammed Majeed, Access, Metabolic & Bariatric director, Sathguru Management founder and chairman, Sami- Consultants said, “In line with Surgery, Sir Ganga Ram Sabinsa Group and Dr Chindi ongoing improvements in the Hospital said, “Ensuring that Vasudevappa, vice-chancellor, R&D practice of the value chain our young population is healthy National Institute of Food management, the nutraceutical will lead to a sustainable Technology, Entrepreneurship industry promises substantial economic growth, maintaining and Management, MoFPI.

Eminent Dignatories on the dias addressing the Scientific Session on Advancements in Nutraceutical Science - Prioritising and Value Addition in Human Nutrition and Health

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 28 (From Left – Right) Ms. Kavita Sharma, Joint Director & Head - Energy & Infrastructure Division, ASSOCHAM, Shri Ashutosh Chandwar, CTO, Peak Infrastructure, Shri Hafeezur Rehman,CEO, India & Arabia LLC Vito Research Centre Belgium, Shri Hitesh Khanna, Executive Director/ Planning, National High Speed Rail Corporation Ltd, Shri Nagendra Nath Sinha IAS, Chairman, National Highways Authority of India (NHAI), Shri. Deepak Sood, Secretary General, ASSOCHAM, Shri Satish Kumar Sharma, CTO, HCC India Ltd., Shri Asheesh Agarwal, Sr Market Advisor, Royal Norwegian Embassy, Shri Keshav Deshmukh, Chief General Manager, National Hydropower Corporation (NHPC), Shri M. M. Madan, Advisor Tunnelling Contracting Trends & Technology in Underground Construction

SSOCHAM organized a 10.5 km Chenani-Nashri Road causalities per year. Owing Conference Contracting tunnels in the fragile Himalayas to Road & Railway tunnel ATrends & Technology besides 151 kms of tunneling for development in J&K, Himachal, Advancements in Underground metros in the country, have been Uttarakhand, Sikkim and North Construction with an objective completed and commissioned East the accidents have reduced to suggest measures for smooth recently. In addition, major to almost zero level in those execution of projects avoiding Border road tunnel projects like stretches. litigations and project overruns 6.5 km long Z-Morh, 14.2 km However, in spite of availability due to construction delays. long Zojilla, having strategic of the State-of-the-Art importance, are in hand for Tunneling and underground Technology and Equipment, implementation. works constitute a major portion the timely delivery of tunneling of development of metros, road Tunneling has been a boon in projects have always been tunnels, hydropower projects, terms of reducing road distances a matter of concern. The mining, strategic oils reserve to 1/4th from the present length. underground tunneling is and water supply & sewerage Chennai-Nashri tunnel reduced subjected to geological risks projects. Construction of 6000 the road distance from present 42 even if investigated properly. km of highways, Railway & km to almost 10.5km. Hilly area Risk matrix for every project, Metro Rail tunnels besides 1000 having longer and treacherous needs to address unforeseen km of hydropower tunnels, routes, and suffering vagaries of circumstances. EPC contractors large underground caverns and nature in the form of land slides are hesitant to take up tunneling mining activities have been and heavy snow resulted in contacts for lack of reliable and planned. Country’s longest stoppage of road traffic for many detailed DPR studies/ reports 11 km Pir Panjal Railway & days and caused numerous and unspecified risk sharing

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 29 •Urban conglomeration like Mumbai and Bengaluru the underground utilities are not mapped Diversion of such utilities be done before the award of contract or they should be accurately mapped. Diversion of traffic by authorities to be defined in early planning phase Shri Nagendra Nath Sinha IAS, Chairman, National Highways Authority of India •Serious holdups are faced by (NHAI) contractors for diversion of traffic mechanism. Stakeholders shared •Delay in approval of basic design in urban infra development contentions as follows: by owner •Ensured by the developer that •Suboptimal feasibility / diversion is properly planned A. Core issues in High Altitude investigation reports before start of work. Himalayan Tunnelling •Change in delivery schedule of Area Allocation for Ancillary •Water ingress, cavity formation, material and services Works & Storage Space TBM did not succeed in a smooth •Difficulty in project financing for •Urban infra projects, area for manner contractor Equipment repair, Storage, •Highly squeezing ground, Fabrication, Disposal of waste, •Price fluctuations/increase in High over-breaks, water-in-rush, material prices Area for labour camps are not Squeezing conditions, high tunnel available. deformations, abnormal rock •Inadequate project bidding and •It is desirable that such areas are loads. award allocated nearby the developer. •Overbreak, cavity formation, •Effects of unforseen subsurface Tree Planting responsibility flowing and squeezing ground factors shall be taken up by local conditions, abnormal load, •Effect of weather/climate authority twisting of steel ribs, heavy water •Civil unrest/public strike inflow. •Tree Planting be done by the •Delay in performing final developer in consultation with the •Cavity formation, flowing inspection local authority. ground, squeezing condition, •The contractor should get land other adverse geological C. Other Constraints faced by Industry free from all encumbrances. conditions Mandate by Government for B. Challenges faced by establishing Central repository Contractors of Case studies •Changes in government •Mandatory to record history of regulations and laws every underground excavation •Delay in obtaining regulatory project at site approvals/permits •Data to be made available for •Delay in decision making by development and designs of owner further projects. •Slow site clearance due to •Final lessons learned & main restrictions issues encountered •Civil unrest/public strikes Underground utilities location maps in Urban Infra Shri Nagendra Nath Sinha IAS, •Delay in revising and approving NHAI, Shri. Deepak Sood, Secretary design documents development General, ASSOCHAM

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 30 Rs 4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors. It plans to monetise nine highway stretches totalling 566.27 km in Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu in the third Shri. Deepak Sood, Secretary General, ASSOCHAM addressing the session. tranche under toll operate and transfer (TOT) model. He said Policy for Compensation of pertain to the following : the fourth bundle of projects Cutting of Trees in Urban areas 1.The Geotechnical Baseline to be monetised is also ready not well defined Report And Baseline Schedule and will be launched before the •Well defined policy should be 2.Time Adjustment And Related completion of the third round. framed so that seamless work can progress. Cost The National Highways 3.Panel Of Experts Authority of India (NHAI) had Water from Bore well/ invited bids for the third tranche underground is not allowed in The other highlights of the on June 13 with bid due date of Summer months Conference were Innovative September 11 having an Initial •Water suitable for construction approach and technological Estimated Concession Value purpose shall be supplied / advancements in tunneling: (IECV) of Rs 4,995.48 crore. The arranged by the developer to site. •Multimode TBM which can first tranche had a total of nine Institutional Strengthening be used to change mode at pre- stretches involving 681 km and •Delegation of Responsibility determined locations to suit was awarded to Macquarie, & Authority linked to different changing geological location whose bid stood at Rs 9,682 rank of officers in Public Sector be crore, 55 per cent higher than •Electro pulse drilling technology enhanced so as to take decisions NHAI’s expectation of Rs 6,258 for urban underground space promptly at site. crore IECV. The third auction constructions Institutional Capacity Building is significant as it comes after •Tunneling in Extremely Weak an unsuccessful second one •Building of Technical Skill Rock Conditions - Special capability at all levels. wherein investors quoted Emphasis on 5P System & a discount to NHAI’s base •Course syllabus modified Ground Freezing Method & Some price following which it was to include teaching of latest Case Histories cancelled. The NHAI chairman tunneling methods, modern also said four financial bids have equipment and Latest Materials. •DRESS Technique been received for Z-Morh tunnel •Newer Developments in NATM •These should not be restricted to project in Jammu & Kashmir. Master level courses only. (Scan, Excavate, Drill, Blast for The National Highways and Design Approvals optimizing Operation Cycle) Infrastructure Development •Streamlining of Approval •Innovation is Shotcrete Systems Corporation (NHIDCL) has system. to control Rebound earlier foreclosed concession •Multiple agencies approving •Sustainable, Green and agreement for Z-Morh tunnel designs. Economical Solution for Muck project and fresh tenders were Disposal invited with August 1, 2019 •Decision making capability to be as the last date for submission Shri N N Sinha Chairman improved to expedite the design of bids. “The Z-Morh tunnel NHAI was the Chief Guest at approvals. project was awarded on BOT the Conference. In his keynote Industry requested (annuity) basis with concession address Chairman NHAI said Government’s intervention to period of 20 years including 5 that NHAI, eying an estimated amend certain clauses which years of construction period.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 31 • Shri D P Goyal Director Jaypee Group • Dr. Florian Krenn, MD GEOCONSULT India Pvt Ltd. • Mr. Nitin Garg, Director, Herrenknecht India Pvt Ltd. • Shri Alan Steve Pengelly VP Normet Asia Pacific • Dr Ratnakar Mahajan DGM, Maccaferri India • Shri Hafeezur Rehman CEO India & Arabia LLC Vito Research (From Left – Right) Dr. Florian Krenn, MD, GEOCONSULT India Pvt Ltd, Shri Alan Steve Pengelly, VP, Normet Asia Pacific, Shri Ashutosh Chandwar, Centre Belgium CTO, Peak Infrastructure, Shri M. M. Madan, Advisor Tunneling, Shri D P Goyal, • Shri Ashutosh Chandwar CTO Director, Jaypee Group, Dr Ratnakar Mahajan, DGM, Maccaferri India, Mr. Nitin Garg, Director, Herrenknecht India Pvt Ltd. Peak infra • Shri Ashish Agarwal, Sr Market But, due to financial crisis of • Shri Sanjeev Malik, Executive Advisor, Royal Norwegian IL&FS group of companies, Director NHIDCL Embassy the concessionaire stopped all • Mr Hitesh Khanna, Executive work with effect from July 20, • Shri Chandershekhar Khokkhar Director/ Planning, National 2018,” the government had ED AECOM High Speed Rail Corporation Ltd, said earlier. The project was • Shri Indrajit Banerjee, General re-tendered on June 24. The • Shri Keshav Deshmukh Chief Z-Morh tunnel would provide General Manager, National Manager, HCC India Ltd. all-weather road connectivity Hydropower Corporation • Shri Vijay Raghav Singh Jamwal, to Sonamarg tourist spot which (NHPC) Contracts Manager Strabag AG - mostly remains closed during • Mr Satish Kumar Sharma CTO Afcons Joint Venture winter due to heavy snowfall in HCC India Ltd., Gagenger area. (Rohtang Pass Highway Tunnel • Mr Vinod Shukla CEO PEMS Project) Other eminent speakers at the Consulting Conference included: • Shri V.P. Arora, Contract • Shri R. K. Pandey Member • Shri M. M. Madan Advisor Division Head Jaiprakash NHAI Tunneling Associates Ltd.

(From Left – Right) Shri Vinod Shukla, CEO, PEMS Consultants, Shri Indrajit Banerjee, General Manager, HCC India Ltd, Shri Chandershekhar Khokhar, ED, AECOM, Shri Ashutosh Chandwar, CTO, Peak Infrastructure, Shri Sanjeev Malik, ED, NHIDCL, Shri R.K. Pandey, Member, NHAI, Shri M. M. Madan, Advisor Tunneling, Shri Satish Kumar Sharma, CTO, HCC India Ltd., Shri R. N. Khazanchi, Ex MD, PHPA, Shri V.P. Arora, Contract Division Head, Jaiprakash Associates Ltd, Shri Vijay Raghav Singh Jamwal, Contract Manager, Strabag AG - Afcons Joint Venture.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 32 L-R Shri Shivraj Gupta, Managing Committee Member, ASSOCHAM,Shri S K Lohia, Managing Director & Chief Executive Officer, Indian Railway Station Development Corporation Ltd., Mr. Choi Jong Ho, Minister, Embassy of Korea to Republic of India, Shri Rajesh Agrawal, Member-Rolling Stock, Ministry of Railways, Shri Sajal Gupta,Co-Chair, National Council on Railways, Shri Pradeep Shankar, Executive Director, Resurgent India and Shri Saurabh Sanyal,Deputy Secretary General ASSOCHAM releasing ASSOCHAM – Resurgent Knowledge Report on September 27, 2019. Modernization of Railways: Vision 2030

he Indian Railway He also informed that IRSDC is He also said that Railway Board Stations Development working on station development has also given the zonal railway TCorporation (IRSDC) is design guidelines. “The present status to IRSDC as far as in the process of developing guidelines do not support the railway stations and associated form-based codes and is also transit-oriented development development is concerned. “So working on station development and hence, the need for these that is all giving that single- design guidelines, its managing codes to be developed. We are window clearance approach, director and CEO, Mr S.K. almost ready for consultation that is something which the Lohia said at an ASSOCHAM event held in New Delhi. with state governments before industry has been demanding. these codes will be notified.” To that extent lot of facilitation “We are following what the Ministry of Urban Development has been advocating i.e. form- based codes, wherein you can have more public area, more green area, sustainable development yet high built- up area, so prioritising pedestrianisation, public transport, public space over the present development control norms,” said Mr Lohia in his address at an ‘ASSOCHAM National Conference on Shri Rajaji Meshram, Partner, Ernst & Young, Shri Sanjeev Kumar, COO, Progress Rail India, Shri Naresh Goyal, Principal Executive Director –Safety, Ministry Modernization of Railways: of Railways, Shri Sudhir Garg, Joint Secretary, MSME, Shri Anirudh Gautam, Vision 2030.’ Executive Director – RDSO, Shri Kanwal Preet, Director, Ministry of Railways

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 33 Shri Subhabrata Sadhukhan, L & T Ltd., Shri V N Singh,Vice President,Phooltas Transrail Ltd., Shri Rajeev Sharma, Shri Amit Kumar, M&I Materials India Pvt. Ltd., Shri Atul Addl. Member-Signal, Ministry of Railways, Shri Shri Sajal Arya, Head – Energy Systems, Panasonic India Pvt. Ltd., Shri Gupta,Co-Chairman,National Council on Railways,Shri Subrat Nath, Managing Director, Talgo India, Shri Sajal Gupta, Rakesh Goyal, Addl. Member – Civil Engineering, Ministry Co-Chairman, National Council on Railways, ASSOCHAM, of Railways, Shri P M Sikdar, Executive Director, Ministry of Smt. Manju Gupta, Addl. Member – Electrical, Ministry of Railways, Shri Chandrika Prasad,Managing Director, PNCS Railways, Shri Shivraj Gupta, Managing Committee Member, Ltd. and Shri J S Mundrey, President, Rail Consult India ASSOCHAM

has been done and we have emphasized on the need for reduce our logistics costs below also been empowered to set up transformation and holistic 10 per cent.” funds for taking up the station change of railways. development program in a big Amid others who addressed way.” “The Railway Board has this the ASSOCHAM conference year prepared a strategic included: Mr Shivraj K. Gupta, He further informed that blueprint for 2030 and this CMD, Victor Cables Corporation out of 8,613 stations across is getting done. We need an Ltd.; Mr Pradeep Shankar, ED, India, about 1,000 stations are immediate kick-start into a very Resurgent India Ltd.; Mr Choi, amenable for redevelopment determined short-term action Jong Ho, Minister, Embassy because of their importance in plan and then carry on with a of the Republic of Korea; Mr terms of passenger footfalls. medium term and long-term Sajal Gupta, co-chairman, “If we take the opportunity in plan and all the way to 2030,” ASSOCHAM National Council terms of investment is about said Mr Agrawal. on Railways and Col Saurabh Rs one lakh crore in stations Sanyal, deputy secretary redevelopment alone and He further said, “We need to general. roughly about Rs three lakh crore in the associated real estate development.”

Talking about user charges being used as primary source of funding for redeveloping the railway stations as is done in case of various sectors including airports, highways and others, Mr Lohia said, “Definitely, if that is done so that will catapult the entire station development program.” Ms. Romi Roy, DGM,IRSDC, Shri Pravin Surana, Director –Sales & Business In his address at the Development, Smiths Detection Systems Private LimitedShri Sajal Gupta, Co- ASSOCHAM conference, Mr Chairman,National Council on Raiilways, ASSOCHAM, Shri Arun Kumar,IPS, Director General,RPF, Shri Sumati Shandilya,DIG,RPF, Shri Arghya Sanyal, Head Rajesh Agrawal, member – Pre Sales, Amber Tag Analytics Pvt. Ltd., Shri Narendra, Executive Director, (rolling stock), Railway Board Ministry of Railways

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 34 Ms. Swati Rangachari, Chief Corporate Affairs, Sterlite Technologies, Maj. Gen. A. K. Channan, SM Additional Director General (Perspective Plan - PP), Army Design Bureau, Indian Army, Shri Anand E Stanley, President and Managing Director, Airbus India, Shri Shripad Yesso Naik, Hon’ble Raksha Rajya Mantri, Ministry of Defence, Government of India, Shri Deepak Sood, Secretary General, ASSOCHAM, Air Vice Marshal S. Ramakrishnan, VSM Assistant Chief of the Air Staff (Maintenance Plans), Air HQ, Shri Salil Gupte, President, Boeing India and Shri Anil Dhawan, Co-Chairman, IDSE Organizing Committee India Defence & Security Expo 2019

he current government version of proposed updates to formulation of doctrines is looking at the big its military acquisition process. of offensive and defensive picture, that of “Strategic The draft Defence Procurement warfare are all intertwined. T These are also conducted Independence”. This can be Manual (DPM) was published effectively established only on 13th September with a view within an overarching if we can reduce our import to replacing the existing DPM, strategic defence and foreign dependence, Mr Shripad Yesso which was issued a decade ago, policy environment. This is a Naik, Hon’ble Raksha Rajya in the first half of 2020, said continuous exercise, but there Mantri, Ministry of Defence Raksha Rajya Mantri. are certain defining moments, said at an ASSOCHAM event whose impact is profound and held in New Delhi. Defence Systems acquisition, it may be worthwhile to take defence production and note of some of them especially Indian defence Industry Corridors have engaged the attention of the industry, both globally and locally and able to create holistic capabilities in various identified disciplines for taking our nation to strategic independence, said Mr Shripad Yesso Naik, Hon’ble Raksha Rajya Mantri, Ministry of Defence while addressing ASSOCHAM’s India Defence & Security Expo 2019: “Make In India 2.0”.

The Indian Ministry of Defence Shri Deepak Sood, Secretary General, ASSOCHAM greetings Shri Shripad Yesso (MoD) has released a draft Naik, Hon’ble Raksha Rajya Mantri, Ministry of Defence, Government of India.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 35 require a policy interventions, we must raise up to the occasion. While buy in India may be relatively easy at the platform levels, by taking recourse to the strategic Partnership models, I am more keen that this also percolates to the system and sub-system levels, said Mr. Shripad Yesso Naik.

While addressing the conference Mr. Deepak Sood, Secretary General ASSOCHAM Mr. Ajay Bhatt, Member of Parliament Bhartiya Janta Party with Mr. Arun Jain Sr. Member ASSOCHAM. said, Defence manufacturing will be an integral part of those which have a bearing that, “If India lives in villages, Government’s vision for $5 on the Country’s future, industry lives in MSMEs”. I trillion economy by 2022. Mr. Shripad Yesso Naik. want all departments in my ASSOCHAM is committed to ministry to provide emphasis making the Indian Defence and We as a nation have been to this aspect of MSMEs, they Security industry more robust subjected to such a regimen that are employment generators, by pursuing the Make in India we could not think of getting innovators, focussed with niche roadmap. out of this low level contract expertise, flexible, adaptive manufacturing to make others and resilient. They have the Other Speakers included rich, through labour arbitrage. power to shape the future of the Mr Anand E Stanley, President Our government under national Defence Industry, said and Managing Director, Airbus the dynamic and effective Shripad Yesso Naik. India, Mr Salil Gupte, President, leadership of Shri Narendra Boeing India, Mr K. S. Rao, CEO, Sterlite Technologies, Maj. Gen. Bhai Modi, has attempted to Firstly, for Make in India to succeed, it must be coupled A. K. Channan, SM Additional change this narrative under the with, “Buy in India”. I would Director General (Perspective Make in India initiative. urge my policy makers to look Plan - PP) Army Design Bureau, It is time, Indian Armed Forces at various models to ensure Indian Army, Air Marshal V. R. fought wars in the Subcontinent business flows down to the Chaudhari, AVSM VM, Deputy Chief of the Air Staff, Maj. Gen. with Indian industry, made deserving Indian companies, Bishamber Dayal, Chairman, weapon systems. mitigating any hurdles that may be on the way. Should this IDSE Organizing Committee. Our government is pursuing military modernisation with a great amount of persuasion. At the macro level, I must assure the industry that our government will leave no stone unturned to fulfil the aspirations of the 130 crores Indian and our Indian Defence Industry.

I am more interested to see the development of our Micro Small Medium Industries, our Mr. Ashok Bajpai, Member of Parliament Rajya Sabha with Mr. Saurabh Sanyal, MSMEs. Please be informed Deputy Secretary General ASSOCHAM.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 36 Eminent Panel of Speakers at the ASSOCHAM: KHADI - The Fabric of Freedom & Harmony “A Tribute to Mahatma” held on 1st October 2019 at the NDMC Convention Centre, New Delhi. Khadi - The Fabric of Freedom & Harmony

here is a need to Talking about the need to usher She also said that dignity of strengthen Khadi clusters a cultural renaissance to take labour should also be inculcated Tin India as they are old- forward our unique heritage of in our thinking and value fashioned and falter when it Khadi, Dr Singh said, “Khadi is system. comes to dealing with demand more than a cloth. It is a symbol With a view to give impetus from global markets, Ms Parul of empowerment and a source Kumar, Member, Standing and make it relevant for every of employment for the cottage age group, the Khadi and Committee CSO, NITI Aayog industry. Hence, Khadi should said at an ASSOCHAM event Village Industries Commission be promoted.” held in New Delhi. must come up with an online

“Khadi is the only fabric which has health benefits, is non-allergic and is also eco- friendly, as such there is a need to promote awareness about its qualities especially among India’s youth,” said Ms Kumar at an ASSOCHAM panel discussion on ‘Khadi - The Fabric of Freedom & Harmony.’

Addressing the panel discussion, Dr Rashmi Singh, secretary, New Delhi Municipal Council (NDMC) impressed upon the need to promote Khadi and From Left to Right Shri Ajay Sharma, Assistant Secretary General, ASSOCHAM; Village industries to increase Shri Gaurav Grover, Founder, NSDWA; Ms. Leena Singh, Eminent Fashion contribution to India’s GDP. Designer; Shri Tanmay Chakrabarthy, Chief - Government Affairs, Tata Group.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 37 From Left to Right Shri Saurabh Sanyal, Deputy Secretary General, ASSOCHAM; Dr. Ram Charan Pradhan, Visiting Professor, Ghandhi Vichar Parishad, Vardha; Ms. Rashmi Singh, IAS, Secretary, New Delhi Municipal Council (NDMC); Shri Arun Kumar Jain, Senior Member, Management Committee Council, ASSOCHAM, Shri Tanmay Chakrabarthy, Chief - Government Affairs, Tata Group.

e-commerce platform that national public procurement chairman and editor in chief, allows the artisans, spinners portal offering end to end Businessworld, Mr Anurag and weavers to market and sell solution for all procurement Batra said sharing his views in Khadi products, suggested Mr needs of Central and State govt. the panel discussion. Tanmoy Chakrabarty, group departments and PSUs can also government affairs officer, Tata help raise quantity offtake of Mr Arun Kumar Jain, senior Sons Pvt. Ltd. sharing his views Khadi products across India.” member, ASSOCHAM on India’s signature fabric, Managing Committee said, Khadi. “Gandhi ji stands for “With Khadi, Mahatma Gandhi compassion. With Khadi, gave India its unique identity. It He added, “Government Mahatma Gandhi envisioned unites people across the country e Marketplace (GeM), the to bring the country together,” and instils a sense of pride.”

Shri Arun Kumar Jain, Senior Member, Management Committee Ms. Rashmi Singh, IAS, Secretary, New Delhi Municipal Council, ASSOCHAM & Ms. Chetna Gupta, Radico Khaitan Ltd. Council (NDMC) addressing at the ASSOCHAM: presenting the Plant to the Ms. Rashmi Singh, IAS, Secretary, New KHADI - The Fabric of Freedom & Harmony “A Tribute Delhi Municipal Council (NDMC) at the ASSOCHAM: KHADI - The to Mahatma” held on 1st October 2019 at the NDMC Fabric of Freedom & Harmony “A Tribute to Mahatma” held on 1st Convention Centre, New Delhi. October 2019 at the NDMC Convention Centre, New Delhi.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 38 ASSOCHAM Startup Launchpad Pune

Shri B K Goenka, President, ASSOCHAM Shri Amitabh Kant, Chief Executive Officer, NITI Aayog addressing the addressing the participants during participants during ASSOCHAM Startup Launchpad at Pune ASSOCHAM Startup Launchpad at Pune.

he present union to start a business and start a from January 2014-September government gave much start-up in India.” 2018.” needed relief to startups T He also said that when the Addressing the delegates at and investors in India by doing away with angel tax, Hon’ble PM had launched the ASSOCHAM event, its the Start Up India movement which would have continued president, Mr B.K. Goenka since than this movement has unabated for a long period of said, “The ASSOCHAM played a very significant role in time had there been any other Start-up Elevator Pitch Series galvanising the entrepreneurial government, NITI Aayog CEO, provides a platform for new spirit of India and easing the Mr Amitabh Kant said at an startups to connect with compliance burden faced by ASSOCHAM event held in Industry, government, financial startups. “We have done a Pune on Saturday. sector and other stakeholders number of things - never before has so many governments, thereby playing a significant “This bête noire of all regulators and corporates role for a shining, bright and entrepreneurs was finally killed crafted specific initiatives transformative New India.” with notifications from both DPIIT and CBDT providing the around much needed relief to startups early stage and investors in India and the businesses.” Finance Minister has gone on record to say that angel tax will Sharing certain not apply to startups,” said key figures, the Mr Kant while addressing an NITI Aayog ASSOCHAM Launchpad Series CEO said, via video conferencing. “India has seen the rise He added, “Therefore the of over 40,000 ability to start a business in two (L-R) Mr. Vivek Singh, Head – IP Filing & Prosecution startups who Practice, Sagacious Research, Shri B K Goenka, President, days, raise capital from India have created ASSOCHAM, Mr. Manish Gandhi, Managing Partner, and overseas, lower cost of IP Venture Catalyst, Mr. Ashish Agrawal, Co-Chairman more than $130 protection amongst others have ASSOCHAM National Council in Start-Up and other Jury billion value Members during ASSOCHAM Startup Launchpad at Pune. all been made easier than ever

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 39 Winners of ASSOCHAM Startup Launchpad held at Pune

The Jury at ASSOCHAM Startup ASSOCHAM chief quoted the He also shared four golden Launchpad selected four examples of various startup rules for any business to winners viz., Jeevtronics, REVY firms that have shaken up flourish - commitment, Environment, Thatmateteam conventional thinking and customer centricity, leadership and EconovusL from Pune city. ‘disrupted’ the market. through excellence and embrace diversity. “The start-up space in India Mr Goenka who is one of India’s is rapidly growing and it is dynamic entrepreneur himself Besides, ambition is biggest tool nothing short of a revolution. and chairman of Welspun for an entrepreneur to become The ideation of this Start-Up group gave his own example, successful, he said. “Ambition Launch Pad initiative has taken “I am feeling a bit nostalgic as is the single-most important shape by seeing the young talent I go back in my memory lane ingredient for success as it of our country who are full of to remember how I started my overrides both talent and innovative ideas and passion to journey with Welspun in 1985. resources.” make a difference to the world Today, the economic scenario around them,” said Mr Goenka. and demographics in India In his address at the is very different compared to ASSOCHAM launchpad He also said that startups with what it was back then.” hunger and passion to build series, Mr Ashish Agrawal, a strong global company and He further said, “At that time, co-chairman, ASSOCHAM create value can play a part in there was not much mechanism National Council on Startups realizing our goal of making or system to support start- said, “ASSOCHAM, being the India a $5 trillion economy. ups or new ventures. The only oldest apex industry chamber source of mentoring, funding has always been the front- “This Start-Up Launchpad and capital was through family runner in promoting various Series which is 3rd out of 12- & friends. There were a handful initiatives in the country and city series planned is another of development institutions like support start-ups for India’s step in that direction. Being IFC, IDBI etc. Any organization growth and make it more the President of ASSOCHAM, set up at that time would largely competitive globally.” I look forward to play a depend on limited sources.” supportive role and help build India is the third largest startup Today, he said Welspun has a bridge between the industry, ecosystem in the world in terms government and other transformed into a multibillion of values and numbers, only stakeholders,” said Mr Goenka. dollar global conglomerate with business interests in host USA and China are ahead of us. In order to encourage the of relevant sectors like textiles, But we are catching up and I am people with startup ideas, the infrastructure and others. quite sure we will soon match.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 40 Lucknow

(Left to Right) Mr. Kalaikovan Balakrishnan, Founder, Antrepriz Solutions, Mr. Anil Khaitan, Chairman, National Council on Startups, Mr. Ashish Aggarwal, Co-Chairman, National Council on Startups, Mr. Ritesh Saxena - Member, Executive Board, UP Startup Conclave, Dr. H. P Kumar, Ex-Chairman, National Small Industries Corporation, Mr. Raju Moza, Director, R M Holdings Pvt. Ltd., Mr. Vinayak Nath, Managing Partner, Venture Catalysts, Ms. Saumya Shukla, Founder, Vectrogen Healthcare Services Pvt. Ltd., Mr. Sanjay Randhar, MD, Gujarat Venture Finance Limited, Ms. Abha Grover, Professor, New Delhi Institute of Management and Mr. Anuj Somani, Partner, K. G. Somani & Co.

SSOCHAM has participants about the initiatives We have received a total organized the of ASSOCHAM START-UP registration of 148 Startups for ASecond event of the LAUNCHPAD series. the Jaipur Startup Series, among “ASSOCHAM STARTUPS them only best 24 Startup were Mr. Ashish Aggarwal, Co- LAUNCHPAD – An Elevator shortlisted and presented their Chairman, National Council on Pitch Series” to support the ideas in front of the Jury members Startups explained about the Startups and Entrepreneurs on 21th September, 2019. on 21th September, 2019 at benefits a Startup can avail by Ambalika Institute of participating in the ASSOCHAM After final presentation Jury Management and Technology, Startup Launchpad Series. He Members has been decided the Mohanlalganj, Lucknow also introduced Jury Members following winners: under the leadership of Mr. who were present during 1st Prize: Vectrogen Healthcare Anil Khaitan, Chairman, the ASSOCHAM STARTUP Services Pvt. Ltd ASOSCHAM National Council LAUNCHPAD series. on Startup. Besides Mr. Anil Khaitan the 2nd Prize: Antrepriz Solutions The program has been Officially other Jury Members were 3rd Prize: Eduroomz.com supported by The Ministry of Mr. Ashish Aggarwal, Co- Electronics and Information Chairman, National Council Mr. Ashish Aggarwal, Co- Technology (MeitY), on Startups, Mr. Anuj Somani, Chairman, ASSOCHAM Government of India and the Partner, K. G. Somani & Co., National Council on Startups Department for Promotion of Mr. Sanjay Randhar, Managing gave the vote of thanks to Industry and Internal Trade Director, Gujarat Venture the dignitaries and all the (DPIIT), Ministry of Commerce, Finance Limited (GVFL), participants during the event Government of India. Dr. H. P Kumar, Ex-Chairman, and he also invited the above National Small Industries three winners for Grand Finale Doordarshan, Indias’ leading Corporation, Mr. Vinayak Nath, of ASSOCHAM STARTUP broadcaster is the “Official Managing Partner, Venture LAUNCHPAD to be held on Electronic Media Partner” of Catalysts, Mr. Ritesh Saxena - February, 2020 at New Delhi. the ASSOCHAM START-UP LAUNCHPAD series. Member, Executive Board, UP Startup Mr. Anil Khaitan, Chairman, Conclave, Mr. Raju ASSOCHAM National Council Moza, Director, R on Startups, welcome all the M Holdings Private Dignitaries, Invited Guests and Limited and Ms. Startups who were present Abha Grover, during the event. Mr. Anil Khaitan, Chairman, National Council on Professor, New Startups lighting the lamps during the inauguration Mr. Anuj Somani, Partner, K. Delhi Institute of ceremony of the ASSOCHAM Startup Launchpad G. Somani & Co. explained the Management. Series, Lucknow Chapter at the Ambalika Institute of Management and Technology, Mohanlalganj, Lucknow.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 41 Jaipur

Winners of ASSOCHAM Startup Launchpad held at Jaipur.

SSOCHAM has Mr. Saurabh Sanyal, Deputy Series, among them only best organized the first event Secretary General, ASSOCHAM 25 Startup were shortlisted and Aof the “ASSOCHAM explained about the benefits a presented their ideas in front STARTUPS LAUNCHPAD – An Startup can avail by participating of the Jury members on 7th Elevator Pitch Series” to support in the ASSOCHAM Startup September, 2019. the Startups and Entrepreneurs Launchpad Series. He also on 7th September, 2019 at JECRC introduced Jury Members After final presentation Jury University, Jaipur under the who were present during Members has been decided the leadership of Mr. Anil Khaitan, the ASSOCHAM STARTUP following winners: Chairman, ASOSCHAM LAUNCHPAD series. 1st Winner : EzeRx Health Tech National Council on Startup. Besides Mr. Anil Khaitan Pvt Ltd. The program has been Officially other Jury Members were Ms. 2nd Winner : Language Curry supported by The Ministry of Tripti Somani, Co-Chairman, Electronics and Information ASSOCHAM National Council 3rd Winner : VeriSmart Technology (MeitY), on Startups, Mr. Ashish Government of India and the Aggarwal, Co-Chairman, Mr. Ashish Aggarwal, Co- Department for Promotion of ASSOCHAM National Council Chairman, ASSOCHAM Industry and Internal Trade on Startups, Mr. Tarun National Council on Startups (DPIIT), Ministry of Commerce, Agarwal, Senior Associate, gave the vote of thanks to Government of India. (Investments), Gujarat Venture the dignitaries and all the Finance Limited (GVFL), Mr. participants during the event Doordarshan, Indias’ leading Mahavir Pratap Singh, Founder and he also invited the above broadcaster is the “Official & Chairman, Rajasthan Angel three winners for Grand Finale Electronic Media Partner” of Innovators Network (RAIN), of ASSOCHAM STARTUP the ASSOCHAM START-UP Dr. Ajay Data, Founder & LAUNCHPAD to be held on LAUNCHPAD series. Chief Executive Officer, Data February, 2020 at New Delhi. Mr. Anil Khaitan, Chairman, Ingenious Global ASSOCHAM National Council Limited, Mr. on Startups, welcome all the Akhilesh Trivedi, Dignitaries, Invited Guests and Global Mentor Startups who were present and Strategist, during the event. Startupcheers.com, Dr. Pankaj Singh, Ms. Tripti Somani, Co- Director, NIMS Chairman, ASSOCHAM University. National Council on Startups, explained the participants about We have received the initiatives of ASSOCHAM a total registration Shri Anil Khaitan, Chairman, ASOSCHAM National START-UP LAUNCHPAD of 98 Startups for Council on Startup Addressing the participants at series. the Jaipur Startup ASSOCHAM Startup Launchpad held at Jaipur.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 42 Shri Chandramouli Kern, Consulate General of India at Kurdistan Region, Iraq inaugurating the India Pavilion organized by ASSOCHAM at Iraq Agrofood Erbil 2019

Iraq Agrofood Erbil 2019

raq Agrofood Erbil 2019 ASSOCHAM organized services exporting companies, showcased a comprehensive “India Pavilion” at “Iraq led by ASSOCHAM. All range of the latest in Agrofood Erbil 2019 held the companies exhibited in I from 30th September to international food and beverage the event were dealing in - industries, commodities, 3rd October, 2019 At Erbil Food Processing Technology, including food, food processing International Fair, Erbil, dehydrated fruits & vegetables, Kurdistan Region, Iraq with technology, canned products, Beverages, Rice, Spices & great success. The Indian frozen products, meat, fish, Condiments, Fish, Dairy, Meat Pavilion at Iraq Agrofood bakery and related equipments/ & Poultry, Packaging and Erbil was inaugurated by machineries as well as logistics. Machinery Equipments. This was a key platform for the Shri Chandramouli Kern, Hon’ble Consulate General Indian industry in Kurdistan Iraq’s fruit and vegetable of India at Kurdistan Region, Region, Iraq and the wider Iraq and also visited by market is already worth in Western Asia region. The Event Dr. Dara Jalil Khayat, excess of a billion dollars. Some saw approx. 10000 visitors from President, Erbil Chamber of great opportunities for foreign more than 30 countries. The Commerce, Kurdistan Region. suppliers have emerged lately. exhibition clocked exhibitors of more than 180 companies from There was participation of Looking at the feedback from around 24 countries. about 46 Indian food and allied the exporters and opinion

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 43 Presenting ASSOCHAM’s Memento to Shri Chandramouli Kern, Consul General of India at Kurdistan Region, Iraq at the India Pavilion organized by ASSOCHAM at Iraq Agrofood Erbil 2019

of buyers from Iraq and The participation of Indian working sessions with local surrounding region towards Companies in the exhibition partners/ chambers, which Indian products, India has helped in generating interest were impressed by both great unexplored potential of Iraq particularly Kurdistan the quality of the Indian to increase its export in rice, Region’s companies in commodities and food items, spices, tea and other agri Indian products. The Indian which helped them in exploring products to Iraq and onwards. Companies had several new opportunities.

Shri Chandramouli Kern, Consul General of India at Kurdistan Region, Iraq interacting with Indian exhibitors at Iraq Agrofood Erbil 2019. Visitors at Indian Pavilion in Iraq Agrofood Erbil 2019

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 44 Release of ASSOCHAM Knowledge Report : (R – L) Mr. Prasun Nandy, Partner, PwC, Mr. Mahabaleswara M S, Managing Director & CEO, Karnataka Bank, Mr. J A Chowdary, Chairperson – LITD 29 (Block Chain & Distributed Ledger Technologies), Bureau of Indian Standards, Govt. of India, Mr. Surojit Samanta, Chairman, ASSOCHAM Eastern Council & Mrs. Perminder Jeet Kaur, Director, ASSOCHAM, East & North East.

4th Technology Meet 2019: Futuristic Technologies, AI, Block Chain and Beyond

program with focus on address, Chairman Eastern in India . He added that, India advanced technologies council Mr. Surojit Samanta has been quick to realize the A- AI, Block Chain and stated the significance of the potential of block chain in good focussed on fintech was at technology and the capacity governance and the influence Kolkata. Mr. J A Choudary, enhancement it can bring in of Blockchain are here for all Chairperson – LITD 29 (Block any given sector along with sectors to benefit from. Adding Chain & Distributed Ledger overall economic productivity to his thoughts, Ms Kaur said Technologies), Bureau of Indian of the country. The emergence the purpose of the program is Standards, Govt. of India of FinTech has disupted the to connect technology firms to inaugurated the program in the conventional financial system engage and reap the benefits of presence of Mr. Mahabaleswara and the transformation is technology available as well as M S, Managing Director enormous converting banking develop newer partnership to & CEO, Karnataka Bank, and financial services from help all. Mr. Surojit Samanta, Chairman, being product base company ASSOCHAM Eastern Council, to client base. The increased Mr. M S Mahabaleshwra, Mr. Prasun Nandy, Partner, penetrations of internet in India Managing Director of Karnataka PwC and Ms Perminder Jeet has expanded that addressable Bank while addressing the Kaur Director. In his welcome market of FinTech products gathering shared the experience

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 45 wealth, they are the ones who can create job for the youth. New job opportunities has to be created for the young generation of the country and it is the responsibility of supporters of Technology, its well understood that Artificial Intelligence, Robots and automations can help human kind however the fear that these technologies are taking away the jobs need to be addressed too. Organisations of today not only have to create the wealth but also have to create new jobs. He shared his Mr. Mahabaleswara M S, Managing Director & CEO, Karnataka Bank share his vision of developing Fintech experience of his bank and his team in terms of adopting technology as they proud forum across the country to themselves being the first bank to adopt core banking amongst all the banks. support youth, support start- ups and connect communities. of his bank and his team in VR and Cloud Computing are He shared Fintech forums terms of adopting technology the key eight pillars and out were launched in Bangalore, as they proud themselves being these eight five are relevant for Hyderabad and the next will be the first bank to adopt core financial sector. India Fintech in Chennai and Mumbai and he banking amongst all the banks. market is having a great run invited a Kolkata Fintech forum Technology in core banking in and Blockchain partnerships be created to support youth. In his belief has given a big boost are emerging. He lauded his words, the success of any to the banking sector. He said government initiatives for business depends upon focus adoption of the technology promoting digitalisation that’s because if you are focussed is essential for being relevant have impact on all the sectors of in one particular work your and significant; technology has economy, the commendable role success will be your destination. helped to serve the customers of government in strengthen online in today’s digital world. digital infrastructure, Technical session-I focussed He added, MSMEs loans governance program and on advanced technologies and are now sanctioned in 40 to other regulatory changes are their connect with the financial 45 minutes with the help of certainly supporting more and non financial world and advanced technology used by technologically adoption in the rising expectations. Mr the banking systems. He also the financial world. AI and Manjit Nayak, Additional raised concern of the unknown Blockchain powered with other Director, STPI shared that challenges that have surfaced advanced technologies can emerging technologies have with the advent of technology. really help organisation. reshaped the industry to cater to increasing customer While delivering the Mr. J A Choudary, expectations for personalization keynote address Mr. Prasun Chairperson-LITD 29 (Block and convenience. FinTech has Nandy, representing PwC, Chain Distributed Ledger evolved as one of the most the knowledge partner of Technologies), Bureau of innovative and cost-effective the event said that almost Indian Standards, Govt. of disruptive technology. Early every day somewhere in the India stressed on the need of adaptation of FinTech solutions world technology is getting working towards supporting has enabled all stakeholders developed. Robots, Artificial Indian start-ups, who require to achieve accelerated pace Intelligence, Block Chain, IOT, mentoring to succeed and they of growth. Joining him was Drone, 3D printing, AR and are the ones who can create Mr. Naveen Kejriwal, General

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 46 Manager, Lenovo along with inroad. He was joined by Ms. had a law for ‘pagers’ today, it Mr. Avelo Roy, MD Kolkata Kunda Jadhav, Scotiabank and would have been redundant. Ventures as he added that Mr. Diptiman Dasgupta, Chief For technology related laws, Financial technology has the Architect-Block Chain, IBM who our endeavor should be to have potential to unleash a new era shared IBM support mechanism omnibus umbrella legislations of competition, Innovation and and how new innovations are under which sectoral regulators opportunity of job creation. being encouraged. The final can provide guidelines and FinTech is not just about session of the day had three great best practices. The emphasis, digitising money, it’s about leaders debate on the legalities however, should be largely monetising data. Mr. Gokuldas of futuristic technologies towards self-regulation so that Pai, Chief Business Officer, Mr. Supratim Chakraborty, innovation does not suffer”. Karnataka Bank said as a Partner, Khaitan & Company Dr. Krishnendu Sarkar, Director banker we have tried to adopt said “globally, technology has NSHM said,” future tech the technology for the good far surpassed law and law is enterprises will be one up over sake of our customers. playing a catch up. We see the legalities with their rapid several jurisdictions coming innovations and disruption of Technical session-II was up with new laws or updating business and markets across moderated by Mr Piyush their old laws in relation to trans-national geographies”. Singh a FinTech Expert and technology. As technology is Mr. Tathagata Datta, Director- had Mr. Rangin Lahiri, CEO, developing at a rapid pace, it is Cyber Security, Praxis Business Qlikchain a Blockchain startup important to have legislations School has also supported both based in Kolkata sharing his governing technology that are the speakers and the program thoughts and the key areas broad brushed in nature and was ended by thanking all the where the Blockchain has made not granular. For example, if we speakers.

Mr. Manjit Nayak, Additional Director, Software Technology Park of India, Kolkata in the middle making a point while discussion with Mr. Gokuldas Pai, Chief Business Officer, Karnataka Bank Ltd., Mr. Prasun Nandy, Partner, PwC and others.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 47 Shri Anil Kumar, Technical Member NCLT Chennai, Dr. Vinod Surana, Co-Chairman, ASSOCHAM Regional Council & CEO & Partner, Surana & Surana International Attorneys, Shri Debajyoti Ray Chaudhuri, CGM, IBBI, Shri Balwinder Singh, Technical Members, NCLAT, Shri B S V Prakash Kumar, Member(Judicial), NCLT Chennai, Shri C Subash, Deputy Legal Advisor and Member of Faculty, Reserve Bank Staff College, Shri Anil Goel, Co - Chairman, ASSOCHAM National Council on Insolvency and Bankruptcy Code and Founder Chairman, AAA Insolvency Professionals LLP

Insolvency and Bankruptcy Code

SSOCHAM had Attorneys. Mr. Anil Goel implementation of the law. organized the National delivered theme address. Any challenges being faced, AConference on Mr. Anil Goel informed that IBBI and MOCA come with Insolvency and Bankruptcy Ministry of Corporate Affairs, new amendment to solve it. Code on 21st September 2019 IBBI are working together in Mr. Subash from Reserve Bank at Chennai. The program was supported by Insolvency and Bankruptcy Board of India. The program was inaugurated by Shri Balwinder Singh,Technical Member, NCLAT. The program was well received with intellectual audience from the Chennai. The program started with the welcome address from Dr Vinod Surana, Co Chairman, ASSOCHAM Southern Region Moderator; Ms. Radhika Mervin, Associate Editor, The Hindu Business Line, Shri Venkataraman, Partner, Tatva Legal, Shri Debajyoti Ray Chaudhuri, CGM, IBBI, Council & CEO & Partner, Smt. Sripriya Kumar, CA, IP, Former Central Council Member and Shri V Mahesh, Surana & Surana International Promotor & CEO, V Mahesh & Associates

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 48 to be relevant if IBC is supreme. Shri Anant Merathia, Managing Director, AMA spoke on a brief idea of the position of Home Buyers under IBC and the role of Representatives and approval rights. Dr. Gopal Krishna Raju CA, Partner, K Gopal Rao & Co discussed on the position of Home Buyers when the Corporate Debtor Moderator; Dr. K S Ravichandran, Co Chairman, Assocham Karnataka Council goes into Liquidation. and Managing Partner, KSR & Co. Shri Sandeep Jhunjhunwala, Director - Tax and Regulatory Serviçes, Nangia Advisors LLP, Shri Anant Merathia, Managing The theme of the third session Partner, AMA, Dr. Gopala Krishna Raju CA, Partner, K Gopala Rao & Co. was “Individual Bankruptcy: Law and Procedure, Sales as a of India spoke on financial Member discussed on Capacity going concern by Liquidator – creditors from IBC angle building for the entire system is it advisable.” The moderator from banker’s point of view. and IBC lead to a higher level for this session was Shri Mr. Prakash Kumar, Judicial of governance and discipline. Anil Goel, Co-Chairman, Member, NCLT Chennai Bench Shri Debajyoti Ray Chaudhuri ASSOCHAM Council on IBC informed New resolution and spoke on 12A and distribution and Founder and Chairman of differences of old regime and of assets. Shri V. Mahesh spoke AAA Insolvency LLP. The panel new. He informed the IBC on COC replacing against the speakers for this session are Shri Impact on the economy of the BOD. Rama Subramaniyam, Council country. Mr. Balvinder Singh Member, ICSI, Shri R. Ganesh, spoke on the value of IBC and The theme of the second session Head Strategic Solutions, role played by NCLAT and was “Rights and Obligations ICICI Bank, Shri, Dharmarajan, NCLT. of Home buyer in view of Managing Partner, RDH & Supreme Court Judgments.” Co and Shri S Sundar Raman, The theme of the first session The moderator for this session Location Head and partner, was “Recent Changes in IBC was Shri K. S. Ravichandran, Haribhakti & Co LLP. In this and IBBI Regulations along with Co-Chairman of ASSOCHAM session they discussed about Judicial Pronouncement.” The Karnataka Council. Shri on the valuation aspects of moderator for this session was Sandeep Jhunjhunwala, sale on a going concern basis Smt. Radhika Mervin, Associate Director, Nangia Advisors LLP / liquidation value as this has Editor, The Hindu Business discussed on RERA continues been a subject matter of IBC. Line. Shri Venkataraman, Partner, Tatva Legal spoke on the latest amendment has clarified the rights of dissenting financial creditors and operational creditors, ensuring a minimum amount both under resolution or liquidation in accordance with Section 53, in turn upholding the principle of vertical comparison or Moderator; Shri Anil Goel, Co Chairman, Assocham National Council on Insolvency repayment hierarchy that gives and Bankruptcy Code and Founder Chairman AAA Insolvency Professionals LLP, priority to secured creditors. Shri Rama Subramaniam, Council Member, ICSI, Shri R Ganesh, Head Strategic Smt Sripriya Kumar CA, Solutions, Group SME, ICICI Bank, Shri Dharmarajan, Insolvency Professional, Managing Partner, RDH & Co., Shri S Sundar Raman, Location Head & Partner, IP, Former Central Council Haribhakti & Co. LLP

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 49 Dr. Aseem Vohra, First Secretary, Economic and Commercial, Embassy of India, Moscow, Russia Inaugurated the Indian Pavilion at World Food Moscow 2019. World Food Moscow 2019

orld Food Moscow 2019, Moscow, Russia with Looking at the feedback from the 2019 showcased a great success. exporters and opinion of buyers comprehensive range from Russia and CIS region W There was participation of of the latest in international towards Indian products, India about 46 Indian food and allied food and beverage industries, has great unexplored potential including food, food processing services exporting companies, to increase its export in spices, technology, canned products, led by ASSOCHAM. All tea and other agri products to frozen products, meat, fish, the companies exhibited in bakery and related equipments/ the event were dealing in - Russia and onwards. machineries as well as logistics. Food Processing Technology, The participation of Indian This was a key platform for dehydrated fruits & vegetables, the Indian industry in Russia Beverages, Rice, Spices & Companies in the exhibition and the wider Eastern Europe Condiments, Fish, Dairy, Meat helped in generating interest region. The Event saw approx. & Poultry, packaging and of Russian and CIS Region 20000 visitors from more than machinery sector. companies in Indian products. 50 countries. The exhibition The Indian Companies had Russia ranked first among clocked exhibitors of more than several working sessions with the countries that imported 1000 companies from around 30 local partners/ chambers, countries. fresh fruits and vegetables of worth $22.6 million from which were impressed by both the quality of the Indian ASSOCHAM had organized various countries. Some great “India Pavilion” in World opportunities for Indian foreign commodities and food items, Food Moscow 2019 from 24th suppliers have also emerged in which helped them in getting September – 27th September recent years. business.

Dr. Aseem Vohra, First Secretary, Economic and Commercial, World Food Moscow 2019- Presenting ASSOCHAM Memento Embassy of India, Moscow, Russia Interacting with the to Dr. Aseem Vohra, First Secretary, Economic and Commercial, Indian Exhibitors at World Food Moscow 2019 Embassy of India, Moscow, Russia at World Food Moscow 2019.

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 50 Enthusiastic people of all age group passionately participated in Tree Plantation drive by ASSOCHAM CSR arm and supported by ITC held on 22nd September at Noida ILLNESS TO WELLNESS

reative and innovative To address this, it requires Under Illness to Wellness, strategies are employed urgent and concerted efforts. ASSOCHAM, through its social Cto transform the society Air pollution affects everyone arm, supported by ITC initiated into healthier and happier life. however children and elderly Green Delhi - Clean Delhi Good health is foundation of people are worst affected. Some campaign. every country, irrespective of of the children are gripped economies. Clean environment by respiratory problems On Sunday, 22nd September, is pre-requisite to achieve from the time of birth itself. Noida (Sector 137), took a deep the vision of ‘health for Unambiguously, air pollution breath of health. While the level all’. Comprehensive and adversely affects both personal of anxiety has increased due Sustainable approach aiming and professional life. Diwali to rising levels of air pollution at enriching the environment, fireworks spike air pollution. in Delhi (NCR), the people of empowering local communities and addressing the challenge of climate change.

Air pollution is a complex problem and primarily four sectors are substantial contributors to pollution. Although there are multiple pollutants, however PM 2.5 Women and children were also part of Tree Plantation drive on 22nd September at are a major health hazards. Noida

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 51 Enthusiasm by all in Tree Plantation drive

together decided to increase the in the tree plantation drive. greenery around them. Also, The event commenced early everyone pledged to take care morning at Vimal Khurana of the trees planted by them. Mr. park (Kirti Nagar) where Sandeep Jain, an ASSOCHAM the residents planted variety official, said, ‘Most people of trees. People of all ages know about the adverse effects attended along with children. Tree Plantation drive on 28th of air pollution and know that it The gatherings also took a green September at Kirti Nagar can be fought by planting trees. selfie and pledged to increase But there are very few people and maintain the green cover Noida Sector 137 have taken who work in this direction.’ in the area. Illness to Wellness a step forward to fight this Mr. Abhisht Gupta, a member Drive will be held at various problem by giving up worry of Volunteers 137 said, ‘such locations in Delhi (NCR) for the and acting upon it. ASSOCHAM events should be held from time next five weeks. and ITC’s initiative ‘Illness to to time in every locality because Wellness’ saw a large number some plants are damaged at of local residents and green times, due to various reasons, partners ‘Volunteers 137’ which should be replaced with joining the tree plantation new ones immediately.’ drive. The event started at 8 am on Sunday in Central Park On Saturday, 28th September, where the residents of Sector with great vigour and passion 137 took part and planted the residents of Kirti Nagar Neem, Ashoka, Amaltas, passionately joined the tree Madhumati, and Giloe trees. plantation to fight this major People of all ages attended the challenge of environmental event, but special enthusiasm degradation. The joint initiative was seen among the children of ASSOCHAM and ITC’s under for planting trees. Some young ‘Illness to Wellness’ witnessed a children were seen helping one large number turnout involving another to plant trees and water local residents, communities, them. Many people present at volunteers, health conscious Children are enthusiastically planting the event took a green selfie and other volunteers to participate the tree

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 52 ASSOCHAM Exhibitions October 2019– March 2020

Source India at MyanFood 2019 Myanmar Expo Hall, Yangon We are delighted to inform you that “ASSOCHAM” with the support from Department of Commerce, Govt. of India is organizing Source India at MyanFood 2019 during October 31 – November 02, 2019 in Yangon, Myanmar. India exported goods worth US$ 1.2 billion during 2018 - 2019. There are good opportunities for Indian companies to 31 - 02 November, 2019 expand their business to Myanmar. Myanmar

India Pavilion at AgriTechnica, Hanover, Germany ASSOCHAM with the support of Department of Commerce, Govt. Of India is organizing India Pavilion at AgriTechnica, Hanover, Germany. The International Exhibition on Agriculture Technologies will be held from 10th to 16th November, 2019 at convention center in Hannover, Germany. About 2,800 exhibitors from 52 countries are expected to participate in this exhibition. The visitors will include International Importers, Retail 10 - 16 November, 2019 Professionals, Distributors & Wholesalers, Progressive farmers, Dairy farmers, Dealers, Convention Center, Government officials etc. Hanover, Germany

FOODEX SAUDI Foodex Saudi is Saudi Arabia’s Leading International Trade exhibition 100% dedicated to the food and drink industry. Professional Saudi buyers from the mass distribution, retail, manufacture, and hospitality industry will have the opportunity to source 11 - 14 November, 2019 Jeddah Center for products from over 51 countries, and trade with exhibitors displaying a wide range of Forums & Events global offering of food and drink products and solutions. Jeddah, Saudi Arabia 18 - 21 Defence & Security 2019 Tri service Asian Defence & Security Exhibition, November, Conference and Networking Event Defence & Homeland Security 2019 Thailand India Pavilion at 7th BAPA FoodPro International Expo ASSOCHAM with the support of Department of Commerce, Govt. of India is organizing India Pavilion at 7th BAPA FoodPro International Expo, Bangladesh. This event showcases product from Food & Beverage industry. Discussions, demonstrations and 21 - 23 November, 2019 International Convention debates will attract visitors eager to find products insights and intelligence that will City Bashundhara (ICCB), keep them at the top of their game. Dhaka, Bangladesh

India Pavilion at Food Africa 2019, Cairo, Egypt ASSOCHAM with the support of Department of Commerce, Govt. of India is organizing India Pavilion at Food Africa, Cairo, Egypt. The International Exhibition on Food Products and Technologies will be held during 9-10-11 December, 2019 at Egypt International Exhibition Center, Cairo, Egypt. About 400 exhibitors from 35 countries are expected to participate in this exhibition. The visitors will include International Importers, Retail Professionals, Distributors & Wholesalers, Food & 09 - 11 December, 2019 Beverage Professionals, Hypermarkets, Food Service Wholesalers & Retailers, Catering, Egypt International Exhibitions Center, Al Hay Restaurants & Cafes, Government & Associations, Education & Training, Hotels, Airline Al Asher, Nasr City, Cairo Catering, Bakeries, Military Catering etc. Governorate, Egypt

India Pavilion at FOOD EXPO GREECE ASSOCHAM, with support from Department of Commerce, Govt. of India, is organizing India Pavilion at FOOD EXPO GREECE. The exhibition brings together Greek and international Food & Beverage professionals such as manufacturers, importers and traders. The exhibition would be organized from 7-9 March, 2020 at Metropolitan Expo Exhibition Centre in Athens, Greece. More than 1,300 Greek and international exhibitors and more than 3,500 international buyers are expected to participate in the 07 - 09 March, 2020 Metropolitan Expo exhibition. Visitors from supermarket chains, bakeries, food factories, liquor stores, Exhibition Centre, Athens, hotels, restaurants, chefs, food and wine importers are expected to visit the exhibition. Greece

Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 53 Forthcoming Events October - November 2019 30 October ASSOCHAM Startup Launchpad : An Elevator pitch Series Jammu 5th International Conference ROADTECH Sustainable Roads Hotel Shangri-La, 30 October and Highways Smart Use of Available Resources for Green New Delhi and Sustainable Roads ASSOCHAM Emerging Digital Technologies Summit & 31 October New Delhi Awards 2019 31 October - India Pavilion Source India at MyanFood 2019 Mayanmmar 2 November 6 November IPR Awareness for Technical Institute NGT, Palwal “Women’s Leadership & Empowerment Summit & Awards Hotel The Imperial, 7 November 2019” New Delhi 8 November ASSOCHAM Startup Launchpad : An Elevator pitch Series Goa 10-16 November India Pavilion at Agritechnica Germany 11 November 21st JRD Tata Memorial Lecture New Delhi 11-14 November Foodex Saudi 2019 Jeddah, Saudi Arabia 13-14 November BRICS Business Forum Brazil Exhibition cum Workshop on Technologies in Food 13 November New Delhi Processing 14 November Bharat Ki Pehchan Conference & Expo Handloom to Textiles New Delhi Conference-cum-Awards on Diabetes Awareness, 14 November New Delhi Prevention and Wellness 14 November Seminar on Recent Developments under GST Regime Pune 15 November Starup Launchpad : An Elevator Pitch Series Raipur 15-16 November National Conference and Higher Education Summit New Delhi 15 November Education Meet Chandigarh 18-21 November Tri-Service Asain Defence & Security Exhibition Thailand, Bangkok 20 November National Conference Commodity Derivatives Hotel Le-Meridien ASSOCHAM School Leadership Summit 2019 "Role of 21 November New Delhi Career Counseling & Soft Skill in Shaping Young Minds" 21 November Summit on Food Processing Agribusiness and Dairy Ahmedabad 22 November Summit-cum-Awards on Skilling India New Delhi 22 November Seminar on Recent Developments under GST Regime Chennai 21-23 November 7th Bapa Food Pro Bangladesh Real Estate and Housing Finance in India - Securitization, Hotel Royal Plaza, 27 November Mortgage and Insolvency Code New Delhi 29 November Conference on Sustainable Buildings Chandigarh

PRESIDENT: BALKRISHAN GOENKA Secretary General : Deepak Sood SR. VICE-PRESIDENT: NIRANJAN HIRANANDANI EDITOR: MANJU R S NEGI VICE-PRESIDENT: VINEET AGARWAL

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