FTCCI CIN No. U91110TG1964NPL001030 Review The Federation of Telangana Chambers of Commerce and Industry Vol.II. No. 2 | January 13, 2021 | Rs. 15/- FTCCI Wishes you a Bright & Prosperous Happy New Year & Makara Sankranthi January 13, 2021 | FTCCI Review | 1 2 | FTCCI Review | January 13, 2021 January 13, 2021 | FTCCI Review | 3 4 | FTCCI Review | January 13, 2021 FTCCI Review MANAGING COMMITTEE OFFICE BEARERS President Ramakanth Inani Senior Vice-President K.Bhasker Reddy Vol.II No. 2 Vice-President Inside Anil Agarwal January 13, 2021 Immediate Past President Karunendra S.Jasti Chief Executive Officer EDITORIAL BOARD 7 | President’s DESK KhyatiAmol Naravane Chairman CA Arun Luharuka, 8 | BUSINESS PROSPECTS FOR THE YEAR 2021 Past President, FTCCI MEMBERS 10 | POWER NEWS CV Anirudh Rao Members Venkat Jasti Dr. M.Gopalakrishna, I.A.S 12 | ECONOMY WATCH Manoj Kumar Agarwal (Retd.) Sri Srinivas Garimella, 14 | FTCCI WEBINARS Meela Jayadev Member, Managing Vinod Kumar Agarwal Committee, FTCCI ARTICLES Subba Raj Gowra Editor Lakshmikanth Inani T. Sujatha, Dy. CEO 23 | NEED OF THE HOUR Amdiyala Sudhakar 24 | HOW CAN INDIA BECOME AN AGRICULTURAL A. Prakash Printed and published by EXPORTS POWERHOUSE POST CORONA VIRUS Avinash Gupta Tadepalli Sujatha, Dy. CEO Devata Rama Kumar on behalf of The Federation of 26 | REBOUNDING INDIAN ECONOMY-WAY FORWARD Telangana Chambers of Abhishek Tibrewala, Commerce & Industry (FTCCI). Sanjay Kumar Agarwal 31 | RICE EXPORTS FROM TELANGANA: Design & Layout Rupesh Agarwal OPPORTUNITIES AND WAY FORWARD A.Srinivas Musunuri Ramakrishna Prasad 34 | CHANGE OR PERISH: NEW YEAR Raj Kumar Agrawal Printed at Sri Jain Printers NEW RESOLUTIONS IN BUSINESS Suresh Kumar Singhal [email protected] Prem Chand Kankaria 37 | FTCCI CLASSIFIEDS Published at P.Prem Kumar Federation House, 11-6-841, 38 | PRESS COVERAGES Krishna Kumar Maheshwari Red Hills, FAPCCI Marg, Manish Surana Hyderabad – 500004, Telangana (India). V.V. Sanyasi Rao Prakash Chandra Garg Ph: 23395515 to 22 (8 lines) CA Naresh Chandra Gelli V e-Mail: [email protected] website: www.ftcci.in CA Suresh Kumar Jain Challa Gunaranjan The views expressed by CA Abhay Kumar Jain the authors in their articles published in this magazine Radha Krishan Agarwal are their personal views and Dr. K. Narayana Reddy do not necessarily reflect the Bhagwati Devi Baldwa views of FTCCI. CA Ritesh Mittal FEEDBACK P. Krishna We would like feedback/ R. Ravi Kumar comment from readers to enable us to improve our Rajendra Agarwal offering write to us at Srinivas Garimella [email protected] January 13, 2021 | FTCCI Review | 5 6 | FTCCI Review | January 13, 2021 President’s Desk Dear Members My warm greetings and best wishes to all the members of FTCCI! 2020 has certainly been a challenging year due to needs to plan for operational the COVID-19 pandemic, however FTCCI has been guidelines and create additional consistently at the forefront of guiding the business facilities, to strengthen the community for responding to situation arising due Covid-19 vaccination roll to the pandemic. FTCCI has always been making out plan. Hyderabad has concerted efforts on how to improve our economy emerged as the nerve centre by way of promotional activities, making Telangana a of all research and development better place to live, work and excel. We appreciate activities in the country for the contribution of every member and look forward Covid-19 vaccines and has even to continued participation in progressive initiatives of attracted international attention. the FTCCI. Some of our members, Bharat Biotech and others are front The much awaited Union Budget 2020-2021 is to be runner in preparation of vaccine and we are proud closely watched as many prime factors like boosting for the same. growth more particularly on stimulating economic activity and creating employment, will play a key role In order to convert each District in Export hub, Govt. in tackling negative impact arising due to Covid-19 of Telangana is constituting District Level Exports pandemic. FTCCI expects that stimulating economic Promotion Committee (DLEPC) in all the Districts of growth is essential to create employment and remove Telangana. The DLEPCs are intended to identify export frustration in the minds of people. The challenge is to potential of each district and convert each district into a spur growth and investment while keeping the fiscal potential export hub towards “One District One Product deficit in check. FTCCI had also submitted its pre (ODOP)”, an initiative to identify the potential products Budget Memorandum / wish list on both Direct and in the district that can fuel economic growth and Indirect Tax, to the Central Govt. for its consideration. generate the employment and rural entrepreneurship Several changes have been sought in the existing as envisaged by the Government. FTCCI has been tax regime to tackle economic slump caused by the invited by the Telangana Govt. to represent and outbreak of Covid-19 and its impact on taxpayers. contribute its best for effective functioning of DLEPC. The government’s spending plans particularly on Members may send their intent to represent FTCCI infrastructure and social sectors as well as relief to on such dist. Level committees. sections hit by the pandemic and lockdown will dictate FTCCI will continuously make its efforts to enhance the pace of recovery. Continued government support service initiatives in line with the latest technology, will be crucial to sustain and propel growth momentum sector developments and member needs, allowing - which has picked up. more opportunities for businesses to grow, thereby Indian economy is now expected to see a faster furthering economic growth and development. Active turnaround given the impending rollout of vaccine, participation of members on this vital initiative, we can increased mobility and less disruption to business achieve this goal. operations as the economy opens up. Vaccinations I welcome your suggestions and feedback against the corona virus are currently underway in ([email protected]) on the articles more particularly many countries with several others, too, preparing on the events/activities that we should plan and also to start their immunization drives. India also made a invite your ideas which may help the FTCCI members, Covid-19 vaccination “dry run” in few states, to test the for their growth and development. laid out mechanisms for the vaccination roll-out in the health system. All the states expressed satisfaction in Let us make this year as a memorable and eventful terms of operational approach and use of IT platform year. to ensure transparency and effective monitoring of vaccination processes expected to cover a large Ramakanth Inani number of people across the country. The Government President January 13, 2021 | FTCCI Review | 7 K. Bhasker Reddy Managing Director, Cream line Dairy Products Ltd Business Senior Vice President, FTCCI Prospects “Agriculture remains a central pillar of the Indian economy. Yet, following the initial lockdown, while the economy ground to a halt, the food supply chain for the year 2021 disruptions declined to 30% in lockdown period, exports have seen a hard hit and the mass exodus of migrant labour back to rural hometowns affected agriculture sector though to a lesser extent compare to industrial and service sector. Global exports faced transport and logistics problems - more stringent customs restrictions, as well as a shortage of containers and shipping vessels. Apart from all these casualties, the sector saw a quick recovery after lockdown was removed, and I am confident that by end of this quarter we will get back to normal levels. Hopefully the sector will have a high growth than the previous year as health awareness has increased and people would prefer more nutritious food”. Srinivas Garimella Managing Director, Vega Conveyors & Automation Ltd Chair, Industrial Development R. Ravi Kumar Committee, FTCCI Executive Director, Zetatek Industries Ltd Businesses were not prepared for a crisis Chair, Human Resources, of this nature; it was sudden and the Industrial Relations signs of such a catastrophe were not and Skill Development, FTCCI evident and hence coping up with this Gubba Kiran calamity is not easy. A negative high CEO, Gubba Cold storage One year ends and another year begin; single-digit GDP fall is now a certainty Member, Agro Food Processing & after seeing an unprecedented, chal- for FY20-21 and given that the base has Rural Development Committee, lenging year and taking forward many shrunk, the rise may also be swift & FTCCI learnings, we entered into 2021 with impressive leading us to clock a positive “The time has finally come where enlightenment. Though COVID-19 con- 10% plus GDP growth for the forthcom- down the line, say about in 2 decades, tinues to linger, the industry is in the ing FY21-22. Since MSMEs have borne India will transform and evolve to a situation to foresee the hurdles and the brunt of the fall, it is advised for developed country from a developing create its own new normal paradigm. MSMEs to remain persistent and stay country. To make the most out of this The industries need to firmly look into determined to be able to ride the posi- providential phase, the top 500 com- their day to day operations and be aware tive wave for the next few years. Govt panies must be aligned to their core of the future turbulences and face them intervention in controlling rise of com- competency in every aspect to produce proactively. The industries have to get modity prices, inflation, encouraging a quality and range of uniqueness like familiarized to remote workforce enable- consumer spending and ensuring policy never before, making sure the out- ment, remote site visits and introduce fluidity will go a long way in alleviating come is affordable by every individual VDI (Virtual Desktop Infrastructure) in the sufferings of businesses and MSMEs. in the country since it is the utmost addition to existing systems.