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September Bulletin 2018 PHD CHAMBER BULLETIN Vol. XL No. 09 SEPTEMBER-2018 ` 25 “A strong Indian defence industry will not only make India more secure. It will also make India more prosperous.” Shri Narendra Modi Hon’ble Prime Minister of India 2 | PHD Chamber Bulletin September 2018 CONTENTS CONTENTS • PRESIDENT WRITES 7 Monthly news bulletin of PHD Chamber • CHAMBER AT WORK 8 President • FOCUS STATES 44 Mr. Anil Khaitan • COHESIVE INTERFACE 72 Senior Vice President Mr. Rajeev Talwar • SPECIAL FEATURE Vice President • Economy not in abyss: 76 Mr. D. K. Aggarwal • ECONOMY WATCH Editor: • Policy Pronouncements and Developments 78 Mr. Saurabh Sanyal Secretary General • HEADWAY Production Editor: • Skill Development Initiatives 80 Ms. Neelu Kapoor • Towards Inclusive Growth 85 • COMMUNIQUE India Inc. is the official publication of PHD Chamber of Com- merce and Industry and any part of the publication may not be • New MoUs 92 reproduced or transmitted in any other form in whole or in part without the written permission of the publishers. The opinions • New Members 94 and views expressed within this publication are not necessarily those of the publishers. The publishers regret that they cannot • Forthcoming Events 95 accept liability for errors or omissions in this issue. • Media Buzz 96 For further information and feedback, please contact: • International Exhibitions 101 PHD CHAMBER OF COMMERCE AND INDUSTRY • Archives 102 PHD House, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi-110016 Phone : 91-11-26863801-04 Fax : 91-11-26855450 Email : [email protected] Website : www.phdcci.in PHD Chamber Bulletin September 2018 | 3 4 | PHD Chamber Bulletin September 2018 PHD Chamber Bulletin September 2018 | 5 6 | PHD Chamber Bulletin September 2018 MESSAGE President’s Message Friends, (April-June) quarter of the current fiscal year. This can be attributed to the strong “History never really says goodbye. performance of the manufacturing, and History says, see you later”. agriculture sector and consumer spending, With this thought, I would like to representing the true potential of New India. reminisce a very productive year that has Reform measures such as GST Insolvency, gone by. A deep sense of veneration and Bankruptcy Code and FDI liberalization sops appreciation fills me, at the tasks fulfilled have provided a fillip to the business and and the goals achieved by our prestigious investment climate in the country. Chamber, a 113 years old institution, which I must comment that with rising oil is working for the welfare of our nation. It has prices, widening fiscal deficit and rising debt been my honour to lead this journey, as we burden, there remains an impinging risk of leaped across the huge gap between industry inflation. Recent oil prices and the rupee are and policy makers. Some people dream of adding to input cost pressures, but a slower- success while others wake up and work, as than-expected build up in food prices may encapsulated in my chosen motto, “We Walk offset these. Our Talk.” I did my best to deliver on the high confidence entrusted on to me by the elected was sent to Rwanda and Uganda in August Further, low demand conditions and an leadership to take the Chamber’s stature to its coinciding with the visit of Prime Minister of unstable banking system due to mounting highest level, with much national and global India, paving the way for further partnerships bad loans and stressed assets remain a recognition for its progressive activities. and investment opportunities for the Indian major concern. The gross NPAs of state- industry. The Chamber in September run banks at the end of FY 2017-18 stood Our focus was on the States where we mounted an industry delegation to Sofia, at Rs.8,95,601 crores. Funding remains a formed State Chapters for a wider networking Bulgaria, Prague and Czech Republic, challenge for private investors especially in as in Bihar, Chandigarh, Chhattisgarh, concurring with the visit of President of India the infrastructure sector, as power projects Jammu, Kashmir, Haryana, Himachal to these countries and also led a delegation get harder to bag. Pradesh, Jharkhand, Kerala, Madhya to Serbia, Malta and Romania synchronizing Pradesh, NER, Punjab, Rajasthan, Uttar Having said this, I opine that for India to with the visit of Vice President of India to Pradesh and Uttarakhand. This has been sustain the 8 percent growth and become the above nations to explore avenues for highly instrumental in helping us to interact a US$ 5 trillion economy in the near future, investment for industry. on a regular basis with the state governments new initiatives, new technologies and new and harness the potential of our federal At our mega event, ‘Defence & Homeland ideas are needed and strict implementation structure. Security Expo and Conference – 2018’ Home of decision making is required by policy Affairs Minister Rajnath Singh called upon makers. Realizing the need for global the law enforcement agencies to enhance interconnectedness, and forging strong With this note, I would like to bid adieu their capacities to contain terror and counter bonds with world economies, we launched and extend my appreciation to everyone the emerging challenges to home security. international operations in full swing. Offices at the Chamber for their harmonious To aid in this process, I encourage further have been established in Bahrain, for the six cooperation and encouragement that helped liberalization of the policy regime for defence GCC countries and Nepal, for expanding trade us to focus on the Chamber’s goals. I would equipment manufacturers and for MSMEs so and investment opportunities. I too headed like to express deep gratitude to our valued that the ‘Make-in-India’ moves steadfast. successful delegations to these countries. members for their continuing confidence, This resulted in setting up an India-Nepal MSMEs and Start-ups being the niche counsel and support. My humble Centre in New Delhi as well as its counterpart focus of the Chamber, I commend the steps gratefulness to the Secretariat team for their in Nepal to strengthen India-Nepal business taken by the govt. for facilitating ease of timely support and valuable guidance, as we ties, joint ventures and technology. An doing business in the country. On our part, worked together as one big family. Ambassadors’ Economic Forum was also we initiated a One-Stop Solution for MSMEs With the Chamber’s 113th Annual launched at the PHD House to expand trade by setting up a MSME Facilitation Centre for Session on the chosen theme, “Let’s Walk and economic cooperation between India accessing financial schemes. A Start-up our Talk: India @2022” scheduled for and other countries. Mentoring Cell was also launched in Jaipur September 28, I urge all our members to for the benefit of youth, women and rural To ensure our continuing proactive attend this grand session wherein many population in collaboration with the Govt. of role, we signed numerous domestic and Hon’ble Cabinet Ministers and experts will be Rajasthan. international MoUs in the past one year, sharing their views. with several Governments, Chambers Having said this, I concur with Prime I finally rest my pen with a famous of Commerce and Industry, educational Minister Narendra Modi that today the quote, “Every new beginning comes from institutions and think tanks. world is seeing India as a multi-billion some other beginning’s end.” Let us remain dollar investment destination with focus on The Chamber for the first time participated inspired and work diligently so that a New ‘Reform, Perform and Transform’. The Indian as co-organizer to an international event- the India emerges that is counted amongst economy reinstated its position, surpassing Annual Horasis India Meeting at Spain, to advanced nations on the 75th year of its China, with our GDP growth surging to more help provide business opportunities to the independence. than two-year high of 8.2 percent in the first Indian MSMEs. A PHD business delegation We are all ready for a New India!!! PHD Chamber Bulletin September 2018 | 7 CAW DEFENCE & HOMELAND SECURITY EXPO & CONFERENCE 2018 HD Chamber for the first time Defence Industrial Corridor. Mr. Narendra The Hon’ble Home Minister laid stress organized a flagship event, ‘Defence Modi, Hon’ble Prime Minister of India sent on investments in the field of science P& Homeland Security Expo and an appreciation letter to the Chamber on and technology to strengthen the overall Conference 2018,’ September 6-8, 2018 the success of the Expo. internal security apparatus. He said that at New Delhi. The Expo was supported by On September 6, 2018 the Conference the government has always been keen in three Union Ministries: Ministry of Home focused on ‘Homeland Security’ while on adopting new technologies and methods Affairs, Ministry of Defence and Ministry September 7-8, 2018 the focus was on to counter threat of terrorism and other of MSMEs. The Expo was organized ‘Defence preparedness of our country’. crimes. He informed that the government in association with the National Small is working towards the modernisation of Mr. Rajnath Singh, Hon’ble Union the Police Forces specially focusing on the Industries Corporation (NSIC) and was Home Minister inaugurated the Expo on partnered by DRDO and the Government technological up-gradation to match the September 6, 2018. The Bands from the best global standards. of Uttar Pradesh through its specialized Indian Army, BSF and CRPF welcomed the agency, UPIEDA for promoting their dignitaries with their drumbeats. The Minister stated that this 8 | PHD Chamber Bulletin September 2018 Conference-cum-Expo is a unique Dr. Jitendra Singh commented that An insightful session on ‘Border combination and joint efforts of the the government has a strong emphasis Management’ was deliberated by Lt. Gen. Public and Private sector where they on ‘Make in India’ not only in the defence S K Shrivastava, AVSM, Director General, are complementing each other to take sector but for every sector and this would Engineer-in-Chief, Mr.
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