ASSOCHAM Centenary Celebrations 2 Vol

Vol No.44, Issue No.12 December 2019 This Issue is of 68 Pages Single Copy Price Rs.90

100 YEARS OF

THE KNOWLEDGE CHAMBER

Hon’ble Prime Minister, Shri Narendra Modi with ASSOCHAM President, Shri Balkrishan Goenka at ASSOCHAM’s Centenary Celebrations.

ASSOCHAM Centenary Celebrations 2 Vol. No. 44 • Issue No. 12 • December 2019 100 YEARS OF

THE KNOWLEDGE CHAMBER

Celebrating 100 Years

From the President’s Desk…

would like to begin by wishing you heartiest Sea- ASSOCHAM’s endeavours in nation building and I son’s Greetings and a Happy New Year 2020 ! enhancing inclusive growth. As we conclude another successful year in the In order to consolidate the strengths of ASSO- journey of ASSOCHAM, I would like to express my CHAM, collective efforts have gone into bringing profound sense of privilege and honour at having about a transformation in the structure, approach led an organisation embodying such stature, legacy and operations, to provide greater sharpness and and stellar contributions to nation building. My focus in aligning with government agenda. AS- tenure with ASSOCHAM has been truly remarka- SOCHAM’s sector-specific councils have been ble, stimulating and fulfilling in many ways. re-oriented and made contributions participative, resulting in numerous successful policy recommen- When I assumed office, I had inherited the contri- dations to the government. Our economy stands on bution that the distinguished visionaries before me robust structural ground, from which many disrup- had made to industrial progress. I had the onerous tive ideas and newer ventures are emerging. I am task of building on the achievements and take the pleased that these start-ups have been nurtured and platform even higher. The challenge was to make guided towards growth. the voice of industry even more focused and future-oriented yet retain its inclusiveness. ASSOCHAM also continues to widen its national and international reach. Heeding the clarion call However, my task was made simpler through the of our Hon’ble Prime Minister, ASSOCHAM has Hon’ble Prime Minister’s mandate to economy opened its regional office in Jammu & Kashmir, of achieving the USD 5 trillion mark. This has with industry’s commitment to contribute to the enthused industry and given rise to a renewed region’s welfare and progress. ASSOCHAM has energy in moving towards national goals. I have earlier spearheaded sizeable participation in initia- been privileged also because my tenure gave me tives such as Vibrant Gujarat and Emerging North- the opportunity to witness India’s transition from East to forge greater state-level development. an emerging to a progressive economy due to the government’s reformist policies. The government’s At the international level, various interactions such initiatives and reforms have elevated India’s stature as ASSOCHAM Diplomacy Business Initiative have and influence in the economic, political and interna- commenced and are underway. Partnerships have tional spheres. been forged with renowned organisations such as Asian Business Leadership Forum to recognise com- As a primary step towards aligning ASSOCHAM mendable businesses. with national socio-economic objectives, the journey gave me the opportunity to envision a guiding Apart from hosting eminent dignitaries such as the philosophy of 4-Sight, encompassing the four pillars Hon’ble Prime Minister of Bangladesh, leading a of Entrepreneurship, Digitization, Sustainability strong Indian business delegation accompanying and Women Empowerment. The initiatives con- the Hon’ble President of India to Iceland, Lithuania, ceived and implemented for these and many other Latvia, Estonia, accompanying Hon’ble Chief Min- segments have been instrumental in reiterating ister of Gujarat to Uzbekistan and holding detailed

ASSOCHAM Bulletin 1 100 YEARS OF

THE KNOWLEDGE CHAMBER

interactions with the diplomatic community in Presidents of ASSOCHAM along with Senior Vice India, ASSOCHAM has forged stronger internation- President, Vice President, Managing Committee al linkages. It is hoped that these would expand Members, Chairs and Co-Chairs of National Coun- ASSOCHAM’s global footprint significantly. cils. I wholeheartedly express my sincere gratitude to all of them for their guidance and support. In the process, I have sincerely strived to help ASS- OCHAM transform as an organisation and become My tenure was made fulfilling with the opportuni- more streamlined and future-ready. Having begun ties provided to me by the senior representatives its future journey after a glorious centenary, ASSO- of our Political Leadership and Government at the CHAM is positioned at the vantage point from where central and state levels, to represent the concerns of the future beckons with hope and radiance. We were industry. I am delighted that these concerns have privileged to have our Hon’ble Prime Minister Shri been considered and addressed favourably. The Narendra Modi ji along with five eminent Cabi- media in our country is lauded as one of the most net Ministers at our Centenary Celebrations and liberal in the world, to which I credit depicting a Annual Conference on 20 December 2019, wherein comprehensive illustration of ASSOCHAM’s initia- the expectations from industry have been outlined tives in general and my Presidentship in particular. in the framework to building a USD 5 trillion economy. The task is daunting, but the momentum The ASSOCHAM Secretariat merits my highest has been built to navigate the roadmap for achieving endorsement as a coherent and vibrant unit which even brighter economic prospects. I am confident has spearheaded innovative and pertinent initiatives that Indian industry is poised to fulfilling these ex- effectively to align the organisation with national pectations. goals. Industry representation is in very capable hands and is confident of maintaining impetus to- I derive immense fulfilment at having laid the foun- wards the future. dation of a focused, streamlined, robust and vibrant ASSOCHAM, readying it for a future commensurate As ASSOCHAM embarks upon its future journey, with India’s growing stature as a rising economic I extend my continued best wishes and am pleased power. The membership base of ASSOCHAM has that the chamber is more vibrant, focused, nimble and been strengthened and represents a cross-section of driven with renewed energy towards a bright future. active industry segments. ASSOCHAM is now well positioned to manage growing challenges of econ- Best wishes, omy, industry, global trade and growing national expectations.

In my journey during the past one year, I was privileged to have the support of the distinguished Past Balkrishan Goenka

2 Vol. No. 44 • Issue No. 12 • December 2019 100 YEARS OF

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Celebrating 100 Years

Sr. Vice President’s Message

trainees across the Board, skilling the rural youth, Vision for the future providing vocational training for jail-inmates, juvenile What is expected of an industry body like ASSO- homes, child rescue homes, providing school and col- CHAM, is to be the forerunner in establishing the in- lege circular augmentation program, setting up skill terest of various share-holders of the organization in upgrading centers in industry clusters and setting up tandem with the government’s vision for the future. of a special knowledge-sharing forum for bringing ASSOCHAM has been at the forefront as the propel- women into the organized workforce. ler of change for the last 100 years. Sustainable Development What India needs at this juncture is to consolidate its Our thrust would be to enable sustainable develop- position as the fastest-growing economy in the world. ment through reducing carbon footprint by adopting The cast for that has been dyed in the last five years green technologies, conserving nature & habitation, by way of many reforms and changes in the way we safeguarding rivers & water bodies, improving the do business or run our economy. We had been part- standard of lives, creating sustainable cities and nering with the visionaries at every step and in every communities, striving to generate affordable & clean aspect to propel the economy towards the Prime energy and clean water & sanitation facilities. Minister’s vision of the ‘New India’.

Under my leadership in the future, we would like to Improving Infrastructure channelize the efforts in the following manner: To ensure the establishment of World-Class Infra- structure like roads, Metro Rail, Highways, Airports, Equitable Growth Ports, Inland Water Ways, IT Parks, Digital & IT Infra we would aim at ensuring equitable growth through all across the country by lending support to the gov- generating employment opportunities, ensuring ernment’s initiatives. favorable ease of Doing Business Environment for all the stakeholders, provide equal opportunities for Encouraging Innovations & all, strive to get better policies for best governance, Entrepreneurship resolve the country’s agrarian crisis, ensure food The growth of the nation lies in free-spirited entre- & water security, address the issue of urban-rural preneurs. The onus would be on us for encouraging divide, increase women power into GDP, ensure busi- innovations & entrepreneurship. ASSOCHAM would ness with responsibility and finally promote private assist in fostering innovation, help Start-Ups, provide partnership in public infrastructure. financial aid to small ventures, set up micro-financing for rural women for small business & self-employ- Enhancing the Skill and ment, set up knowledge centers for MSME and final- Education Ecosystem ly, create digital platforms for speedy dissemination As an industry body, we would also target enhancing of information. the skill and education eco-system by channelizing the skilling initiative of our members, creating a blueprint for National Skilling Mission, training the Niranjan Hiranandani

ASSOCHAM Bulletin 3 100 YEARS OF

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Celebrating 100 Years

Secretary General’s Message

xtending greetings for 2020 to the The event received a massive media cover- esteemed readers of ASSOCHAM age even as we had made arrangements for EBulletin, I share my pride and sense direct telecast of the Prime Minister's ad- of achievements during 2019 as we cel- dress through all our regional offices and ebrate centenary of ASSOCHAM. Your affiliated organisations. The quality and the chamber earned the coveted position of range of discussions was of a global stand- hosting Hon'ble Prime Minister Shri Nar- ard with a lot of positive takeaways for the endra Modi at the Annual Conference on participants. The most important takeaway December 20, choosing the most apt theme came from the Prime Minister's address, of “India aspiring for a USD 5 trillion econ- assuring the banks and the industry of all omy”. the support in their endeavour of nation building. Besides Shri Modi, a power-packed Vigyan Bhawan witnessed five Cabinet minis- As the voice of Corporate India, ASSO- ters addressing the ASSOCHAM Annual CHAM has always been a front runner Conference on a comprehensive agenda, in articulating its concerns in the govern- dealing with the major issues of investment, right up to the highest level. We also ment, infrastructure, external environment, affirm our commitment to India’s vision of MSMEs and gender parity. Over and above achieving equitable growth. an inspirational address of the Hon'ble Prime Minister exhorting the industry leaders to regain their confidence, senior ministers shared their vision for taking the country to the coveted USD 5 trillion mark. Deepak Sood

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Hon’ble Prime Minister, Shri Narendra Modi addressing India Inc. at ASSOCHAM’s Centenary Celebrations. Prime Minister Addresses the Inaugural session of 100 Years of ASSOCHAM Now a strong foundation for the $5 trillion economy has been laid. We are placing India’s economy on two important pillars of Formalization and Modernization. Various efforts have been made such as increasing digital transactions, GST, Aadhaar Linked Payment and DBT to bring most of the sectors of the economy into a formal system.

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Hon’ble Prime Minister being accorded floral welcome by ASSOCHAM President, Shri Balkrishan Goenka at the inaugural session of ASSOCHAM’s Centenary Celebrations.

rime Minister Shri Narendra Addressing a gathering of leaders the country had made itself so Modi said that the goal of from the Corporate World, Diplo- strong that it not only could set for Pachieving the USD 5 trillion mats and others, the Prime Minis- itself such a target but also make Economy is achievable. ter said that “the idea of making efforts in that direction. India a 5 Trillion Dollar worth He was addressing the inaugural economy is not a sudden one.” “We brought in fundamental session of the 100 Years of ASSO- changes in India’s Economy so CHAM in New Delhi. He said that in the past five years that it can run with set rules in a

Hon’ble Prime Minister seen here with ASSOCHAM President and Secretary General, Shri Deepak Sood at ASSOCHAM’s Centenary Celebrations.

ASSOCHAM Bulletin 27 Celebrating 100 Years

disciplined manner. We have met latest technology so that we can “Today we have a Government with the decades old demands of speed up the process of modern- that listens to the Industry, under- the Industrial Sector and we have isation,” he said. stands its needs and which is sensi- built a strong foundation for a 5 tive to its suggestions.” Trillion Dollar Economy.” “Now instead of several weeks it merely takes a few hours to regis- Prime Minister said that the coun- “We are building the Indian Econ- ter a new company. Automation is try could make a significant jump omy on two strong pillars of for- helping quick Trading across bor- in the rankings of Ease of Doing malisation and modernisation. We ders. Better linking of infrastruc- Business due to a sustained effort. are trying to bring in more and ture is reducing the turn-around more sectors into the horizon of time at Ports and Airports. And “Ease of Doing Business may formal economy. Along with this these are all examples of a modern sound just like four words, but we are linking our economy with economy.“ in order to improve its rankings

Hon’ble Prime Minister releasing a special postage stamp to commemorate 100 years of ASSOCHAM along with ASSOCHAM President and Secretary General at ASSOCHAM’s Centenary Celebrations.

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Our intentions for the future are clean and we are determined. This government is known for doing what it says. The goal of 5 trillion dollar economy is also possible because the country has done many such things which previously seemed

Hon’ble Prime Minister being presented with a portrait from a Kutch-based sketch artist impossible. recognised under Government of India’s Skill India initiative. there is a lot of effort that goes into in the Tax System, we are moving Act as per which even small devi- it including changing the policies towards a faceless Tax Administra- ations were also dealt as a Crimi- and rules at the ground level” tion,” he said. nal Offence. Our Government has now decriminalised many such Prime Minister also emphasised Prime Minister said that the Gov- provisions. And we are trying the efforts being made towards ernment has decriminalised sev- decriminalise many other provi- a faceless Tax Administration in eral laws in the Corporate Sector sions.” the country in order to reduce the in order to reduce the burden and human interface between the tax allow the industry to function in a Prime Minister said that the Cor- payer and the authorities. fearless ecosystem. porate Tax at this time in the country is the lowest ever and this “In order to bring about transpar- “You know that there were sev- would propel a boost in the eco- ency, efficiency and accountability eral provisions of the Company nomic growth.

Hon’ble Prime Minister with India Inc.

ASSOCHAM Bulletin 29 Celebrating 100 Years

“The Corporate Tax is the lowest Government today 13 Banks are sector and another 25 Lakh Crore at the moment, meaning if there on the path of profit of which 6 Rupees in the Rural Sector in or- is any Government that is taking banks are out of PCA. We have der to provide support to achieve the lowest Corporate Tax from the also hastened the process of the target. Industry, then it is ours” unification of the Banks. Today banks are expanding their coun- In his centenary celebrations’ ad- Prime Minister also spoke about trywide networks and are in the dress, the ASSOCHAM president the efforts being made towards direction of achieving Global rec- Mr. B K Goenka said he has per- bringing about Labour Reforms. ognition.” sonally seen how the Prime Min- ister gives a positive dimension He also spoke about the sweep- He said with this all around pos- to all challenges turning them ing reforms in the Banking Sector itivity the economy is propelling into opportunities. “Certain de- to make it more transparent and towards a 5 Trillion Dollar target. fining reforms like formalisation profitable. Prime Minister said that the Gov- of economy through GST, and di- ernment would invest 100 Lakh rection from the top for reforms in “Owing to the steps taken by the Crore Rupees in the infrastructure tax administration would infuse

A view of distinguished gathering at the event .

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Hon’ble Prime Minister waving at the gathering at ASSOCHAM’s Centenary Celebrations. confidence among the industry,” ner of the government towards session, senior ministers have Mr. Goenka said. realizing the untapped potential found time and responded pos- of Indian economy, taking ad- itively to listen to the industry ASSOCHAM Secretary General, vantage of a strong leadership leaders, sharing the government Mr. Deepak Sood said the cham- of the Prime Minister. “Even in perspective on its key policies,” ber would work as an active part- the midst of the ensuing budget he said.

ASSOCHAM Bulletin 31 Celebrating 100 Years

India is well Caption poised to reach $5 trn economy

Nirmala Sitharaman

“I keep telling this to banks, there is no point in saving it in the Reserve Bank, you have to keep moving it further through NBFCs, through direct lending and so on.”

Finance Minister, Smt. Nirmala Sitharaman addressing the ASSOCHAM Annual Centenary Celebrations.

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ASSOCHAM’s President, Shri Balkrishan Goenka presenting a memento to Hon’ble Finance Minister at ASSOCHAM’s Centenary Celebrations. Also seen: ASSOCHAM Sr. Vice President, Dr. Niranjan Hiranandani.

inance Minister Nirmala socham’s event. According to the “Inflation has been under control, Sitharaman on Friday asked minister, major steps taken in the macro economic fundamentals ab- FIndia Inc to come out of “self past few years make India stand solutely strong, FDI inflow has been doubt” mood and unleash the out in the world and industry is strong, foreign exchange reserve is animal spirit as she stressed that part of the change. at record high, PSU banks have steps taken post Budget have start- been professionalised,” Sitharaman ed showing some results on the “I would appeal to you that please said. ground. get out of the mood of self doubt. Can we do it? Can India do it?... Her comments assume significance The government has shown con- why is this negative mood? Get in view of muted private invest- viction to change India’s system, out of this self doubt,” she said ment and economic slowdown. take some tough decisions and and emphasised that most of the make sure it is responsive to indus- macro economic indicators are Urging India Inc to participate in try, she said at industry body As- strong. the growth story, Sitharaman said

ASSOCHAM Bulletin 33 Celebrating 100 Years

Union Minister for Finance and Corporate Affairs releasing ASSOCHAM-primus-partners report the along with (L-R) Shri Anil Agarwal, Executive Chairman, Vedanta Resources Limited; Shri Sajjan Jindal, Past-President, ASSOCHAM; Shri Deepak Sood, Secretary General; President, Shri Balkrishan Goenka; Senior Vice-President, Dr Niranjan Hiranandani; Shri Junaid Ahman, Country Director, World Bank India and ASSOCHAM’s Vice-President, Shri Vineet Agarwal at ASSOCHAM’s Centenary Celebrations.

34 Celebrating 100 Years

It came to light then that there was not enough liquidity in the market. So, an effort was made with the help of the Reserve Bank of India Mr. Anil Agarwal, Chairman, Mr. Sajjan Jindal, Chairman, Mr. Junaid Ahmad, Country Vedanta Resources Ltd. JSW Group. Director, World Bank, India. and the public sector and private sector banks, they should participate in the dis- that for last 100 years. There is a to identify where it investment programme by becom- need for all of you do it even more ing the first bidders. now. You have to be the change was getting locked. The agent and don’t ask animal spirits exercise was especially “This government does not want to be brought to you. You have in- important, since post businesses to close. We want to help side, get it out,” she noted. them to be revived by legislative demonetisation, a lot of and other administrative changes... Emphasising that development cash had come into the we are with you. I want this mood and growth are the two priorities, banks and more cash was of self doubt to be completely re- she said this government remains moved from your minds.” committed to reform. infused into the banks post the Budget. “Believe in India. You have done “Several steps (have been) taken

post Budget which were essential- ly responding to the industry and some of them are probably showing some impact on the ground now,” she said.

Highlighting some of the steps taken by the government post Budget, she said, “liquidity crunch was addressed, capital was infused in public sector banks as well as NBFC sector and professionalisa- tion of PSU boards was done.”

“Besides, the government announced 100 lakh crore for infrastructure sector and provided relief to real estate sector,” she added.

Further, the minister said the government has slashed corporate tax in September which has made a difference and a lot of new investments are expected to flow into India. The Finance Minister also emphasised that the government has brought in transparency and technology in tax collection and eliminate harassment.”With intro- duction of faceless assessment, tax harassment is going to be a thing of past,” she added.

ASSOCHAM Bulletin 35 Celebrating 100 Years

Union Minister of Commerce & Industries and Railways, Shri Piyush Goyal addressing the ASSOCHAM Centenary Celebrations. Think big for a better India Piyush Goyal The time has come when big and small industry have to work along with the government towards a common objective where certain sacrifices are going to be called for, both by industry and the government.

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he Indian Railways plans to invest USD “T700 billion through partnerships, joint ventures and collaborations to strengthen the infrastructure and reach the far- thest corners of the country in the next 12 years,” said the Commerce and Industry & Railways Minister, Piyush Goyal. He was addressing

The government was considering Rs 50 lakh crore of investment (nearly $700 billion) over the next 12 years, through partnerships, joint ventures and collaborations to modernise the Indian Railways. The programme aims to bring down costs of logistics, improve the share of freight and build a truly world-class railway network. Union Minister of Commerce & Industries and Railways, Shri Piyush Goyal addressing the ASSOCHAM Centenary Celebrations.

Hon’ble Union Minister of Commerce & Industries and Railways in conversation with ASSOCHAM President, Shri Balkrishan Goenka at ASSOCHAM’s Centenary Celebrations.

ASSOCHAM Bulletin 37 Celebrating 100 Years

ASSOCHAM’s Past-President, Shri Sajjan Jindal presenting a memento to Hon’ble Union Minister of Commerce & Industries and Railways at ASSOCHAM’s Centenary Celebrations.

ASSOCHAM which is celebrating that industry and business face facilitator and an enabler for 100 years on Strengthening India’s today may be dealt with and the industry and entrepreneurship Global Positioning. Government’s commitment for a to ensure that harassment at the better India, for the 1.3 billion as- hands of government function- In his address the Commerce and pirational citizens who are look- aries, both at the centre and the Industry Minister urged Indian ing for a better quality of life, can states comes to end. For this he Industry to be in constant dia- be met at the earliest. urged ASSOCHAM with its 4 lakh logue with the Government so plus members to give feedback that all the problems and hurdles Government of India will be a that will help Government both at

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Hon’ble Union Minister of Commerce & Industries and Railways with ASSOCHAM Sr. Vice President Dr. Niranjan Hiranandani at ASSOCHAM Centenary Celebrations. the Centre and the States to look the commendable work it has at regulatory, non-regulatory, ju- done for a century for Indian in- dicial and any other impediments dustry and business. that are roadblocks for industry and entrepreneurship. Commerce and Industry Minister urged industry to adopt and encourage innovation by funding research and development and work close- ly with academia so that India may become a true innovative nation where startups can flourish and become positive disruptors in industry by creating more jobs for the youth of the country. He gave the example of the United States of America and China that have more than 4,200 and 1,200 researchers respectively. While India has only 216 number of researchers per million people.

Commerce and Industry Minister congratulated ASSOCHAM in its centenary year and appreciated

Mr. Jai Shroff, Global CEO, UPL Mr. Deepak Bagla, MD & CEO, Ltd. Invest India

ASSOCHAM Bulletin 39 Celebrating 100 Years

Union Minister Small & Medium Enterprises (MSMEs), Shri Nitin Gadakri addressing at ASSOCHAM’s Centenary Celebrations. USD 5 trn economy requires everyone’s contribution Nitin Gadkari Moving towards a $5 trillion economy requires every stakeholder’s contribution, as they are all wealth creators, as well as employment creators of the economy.

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ASSOCHAM’s President, Shri Balkrishan Goenka presenting a memento to Hon’ble Union Minister Small & Medium Enterprises (MSMEs) at ASSOCHAM’s Centenary Celebrations. Also seen in pic: ASSOCHAM Senior Vice-President, Dr Niranjan Hiranandani.

he turnover of khadi and vil- trillion in the next five years from China — that accounts for 17 per lage industries is Rs 75,000 Rs 75,000 crore at present. cent of the global trade business Tcrore at present. Steps are — battling increased cost and dif- on to take it to Rs 2 trillion in five Urging the industry to expand its ficulties. years, Gadkari said. Speaking on share in global trade to about 10 the occasion of 100 years of AS- per cent, Micro, Small & Medium He also said that “infrastructure SOCHAM he also added the that Enterprises (MSMEs) the Minister sectors along with MSME has po- plans are afoot to take khadi and urged players to grab the oppor- tential to help India become $5 tril- village industries turnover to Rs 2 tunity to expand in the wake of lion economy.”

Hon’ble Union Minister Small & Medium Enterprises (MSMEs) releasing 100 Years of ASSOCHAM Coffee Table Book.

ASSOCHAM Bulletin 41 Celebrating 100 Years

“China has a good record in present besides increase in costs. coal, newsprint, and other things trade business and accounts for We should eye at increasing our despite having huge dry-fuel re- 17 per cent of the global exports. share,” the minister said, adding serves and scope of indigenous Our share is barely 2.6 per cent. “it is a blessing in disguise”. production. We have an opportunity to take it to 8 to 10 per cent... especially He said he was “saddened” to see “I am saddened to see huge im- when China is facing difficulties at India importing commodities like ports...It is a matter of concern that

Balkrishan Goenka, President, Assocham

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Contribution of MSMEs No Driverless Cars to the total growth of the economy had been 29 per cent. The MSMEs also account for 48 per cent of exports and 11 crore job opportunities. The MSMEs were, therefore, an important factor in the growth of the nation. we have capacity to export huge coal but we are importing it. Coal can be transported from Paradip port to Kandla for power plants in the Western region. This will bring down power prices by 35 to 40 paise per unit,” Gadkari said. he minister also said he will not allow driverless car to come Tnot allow driverless cars in in India.” Stating that India has India, which has a shortage of a shortage of 22 lakh drivers, 22 lakh drivers. Speaking at AS- Gadkari said there was a need SOCHAM’s annual event, he for growth of employment as said, “Many times I am asked well as industry in the country. what about driverless car? Then Global enterprises are welcome I say till the time I am transport in India, but they need to follow Shailesh Pathak, Anil Agarwal, minister, you forget that. I will the law of land. CEO, L&T-IDPL Chairman, Cosmos Group

ASSOCHAM Bulletin 43 Celebrating 100 Years Technology to drive growth Ravi Shankar Prasad The government’s approach to governance is to trust the common man or in other words, ‘self-regulation’. The whole regulatory mechanism is being designed to create and encourage innovation, enterprise and entrepreneurship.

Union Minister for Communications and IT Minister, Shri Ravi Shankar Prasad addressing the ASSOCHAM Annual session.

lobal enterprises are wel- that he appreciates the success tion of the Associated Chambers of come in India provided of tech giants such as Facebook, Commerce and Industry of India Gthey follow the law of land, Google and Twitter having their (ASSOCHAM). said Communications and IT Min- biggest markets in India. “But, ister Ravi Shankar Prasad, adding they will have to work in the eco- Lauding the achievements of that he wants to make India a hub system of law developed in India,” Modi government in the tech- of electronic manufacturing and he said, while addressing a plena- nology sector, he said, “India’s data processing. The minister said ry session at the centenary celebra- Aadhaar and UPI have become

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a global example. Even Sunder economy goal, electronic manu- facturer in the world. It is home Pichai recommended the US Fed- facturing is the future, because it to 268 mobile manufacturing fa- eral Reserve that we should have is a soft power like Information cilities as compared to only 2 in something like UPI.” He also Technology. India has become 2014 when we came into power, said that to achieve the $5 trillion the second largest mobile manu- Prasad said.

Hon’ble Union Minister for Communications and IT Minister being presented with a memento by ASSOCHAM President, Shri Balkrishan Goenka at ASSOCHAM’s Centenary Celebrations. Also seen in the pic: Shri Deepak Sood, Secretary General ASSSOCHAM.

ASSOCHAM Bulletin 45 Celebrating 100 Years

Today, e-commerce in India is being propelled by semi-urban Electronic manufacturing in rural areas. This was the real future. We want to take this growth of India forward and our aim is to make India an important part of the digital world.

Mr. Rajkumar Ramamoorthy, Ms. Aruna Sundarajan, Chairman & MD, Cognizant Former Secretary, India Dept. of Telecom

46 Vol. No. 44 • Issue No. 12 • December 2019 Celebrating 100 Years Equal participation for progress Smriti Irani You need proactive participation from the industry as much as from the government and civil society.

Smt. Smriti Irani, Union Minister for Women and Child Development addressing the ASSOCHAM Centenary Celebrations.

mriti Irani, Union Cabinet Navneet Rana. The session looked polite noises are not enough. It Minister for Textiles and at pertinent issues that affect wom- seems that to be seen to be active SWomen & Child Develop- en and focused on boosting their on the gender issue, merely mak- ment, chaired a roundtable dis- role in achieving the $5 trillion tar- ing a noise about these issues is cussion on ‘The Role of women get. enough” she stated. in new India: A Roadmap to $5 Trillion Economy’ at the centenary “I think that many people have She stressed that men should be celebration. The roundtable was reduced themselves to just mak- equal partners in conversations attended by eminent personalities ing polite noises about women. on participation of women in eco- like Juhi Chawla, Kavita Bhartiya, The level of participation for dis- nomic areas. “For instance, take Dipali Goenka, Saroj Pandey and cussion (on women) reflects that the example of 26 weeks of ma-

ASSOCHAM Bulletin 47 Celebrating 100 Years

women.

Under the NIRBHAYA Fund, projects of Rs 7,000 crore, including setting up of 1,023 fast-track courts, have been approved by the Modi government, Women and Child Development Minister Sm- ritiIrani said.

In a tribute to the 23-year-old Delhi gangrape victim. Then Congress-led government had announced setting up ‘Nirbhaya Fund’ of Rs 1,000 crore for safety and empowerment of women in ASSOCHAM President Mr. Balkrishan Goenka presenting a memento to Hon’ble Union Minister the Budget presented in February for Women and Child Development at the ASSOCHAM ACentenary Celebrations. 2013. ternity leave. In how many com- much as from the government and Nirbhaya (fearless) was the pseu- panies does one hear, if we have civil society.” donym given to the victim to hide to grant her 26 weeks of maternity her actual identity. leave, then who will hire women? The Nirbhaya Fund Framework Which means you need proactive provides for a non-lapsable cor- In 2013-14, before the NDA gov- participation from the industry as pus fund for safety and security of ernment came into the picture there was zero utilisation of the NIRBHAYA Fund, and since this government came into play it has okayed projects worth Rs 7,000 crore, she said.

“The issue is that what are the kind of projects you support. One, we have given financial approval for Ms Kavita Bhartia, Ms Navneet Ravi Ms. Saroj Pandey, Ms. Dipali Goenka, CEO setting up of 1,023 fast track courts Founder, Ogaan Rana, MP, Lok Sabha MP Rajya Sabha and Jt. MD Welspun India across the country after looking at

A view of distinguished panellists.

48 Vol. No. 44 • Issue No. 12 • December 2019 Celebrating 100 Years

Ms. Shereen Bhan, Ms. Juhi Chawla, Managing Editor, CNBC Actress

The minister added that anti- traf- ficking units to protect women and children have also been funded.

The Nirbhaya Fund Framework provides for a non-lapsable cor- pus fund for safety and security of women to be administered by the Department of Economic Af- fairs (DEA) in the Ministry of Fi- nance (MoF).

Further, it provides for an Em- powered Committee (EC) of of- ficers chaired by the Secretary, Ministry of Women & Child De- velopment (MWCD) to appraise density of court cases per district. help desks across all police sta- and recommend proposals to be Secondly, we have funded women tions in the country,” she said. funded under this framework.

Roadmap of US$ 5 trilion Economy-India Inc’s vision

The round table discussion was robust with active participation from dais and audience members alike. India Inc sought collective encouragement to invest in greenfield investments in areas such as defence manufacturing, chip manufacturing, lithiumion battery plants etc. In order to achieve the $5 Trillion goal, it is imperative for investments to create immense economic value from scratch over incremental economic value. Structural reforms both within the policy machinery aswell as external functioning shall further aid India’s mission to $5 Trillion economy.

ASSOCHAM Bulletin 49 Celebrating 100 Years Glimpses of ASSOCHAM’s centenary Celebrations

50 Vol. No. 44 • Issue No. 12 • December 2019 Celebrating 100 Years Glimpses of ASSOCHAM’s centenary Celebrations

ASSOCHAM Bulletin 51 Celebrating 100 Years

52 Vol. No. 44 • Issue No. 12 • December 2019 Celebrating 100 Years 100 YEARS OF

THE KNOWLEDGE CHAMBER Managing Committee Meeting

ASSOCHAM Bulletin 53

Celebrating 100 Years

Live Telecast of ASSOCHAM’s Centenary Celebration Day across various cities

ASSOCHAM Bulletin 55 Celebrating 100 Years ASSOCHAM’s Centenary

56 Vol. No. 44 • Issue No. 12 • December 2019 Celebrating 100 Years Celebration Day

ASSOCHAM Bulletin 57 Social Media CoverageThe Results

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