Business Summit 2018
February 17, 2018
Department of Management studies at I.T.S, Mohan Nagar organized second edition of Business Summit with a focal theme “New Frontiers of India: Skill, Speed and Startups” on Saturday, 17th February, 2018. This summit was one of the leading platform where business, policy-makers, civil society and academia came together to discuss the current trends and challenges in the Indian business landscape.
This second edition of Business Summit was blessed by Hon'ble Union Minister of Commerce and Industry, Mr. SURESH P. PRABHU with a video message wherein he congratulated I.T.S for organizing business summit on a relevant theme for country and discussed about challenges of a talented individual to become an entrepreneur and then a successful business person in India.
Business Summit witnessed the presence of prominent speakers across the industries on the day. Mr. Hemant. G. Contractor, Chairman- PFRDA addressed the gathering as the Chief Guest and Mr. Pradeep Khanduri ,Procurement specialist, CGN INDIA LTD as the Guest of Honor.
Principal partner of the summit was UN Global Compact and summit was also successful in attracting other partners as Ghaziabad Industries Federation, Centre for Education Growth & Research and Ghaziabad Management Association. Main sponsors of the summit were Cox and king and Eggsperts and co-sponsors were Digiperform, Vision express and Yours pizza. More than 50 delegates from corporate & academia registered themselves. Students from Delhi/NCR showed huge enthusiasm by participating till the last session of the Summit.
The Summit was designed with an inaugural session, keeping focal theme in mind and three different panel sessions focusing on digital marketing, future trends in BFSI sector and role of leadership in revamping organizations for digital age.
Inaugural session commenced with welcome note of Prof Shikha Arora followed by motivational address of Mr. Surinder Sood (Director PR). Dr. Anusha Agarwal gave a brief overview of Summit. After that, Dr. Ajay Kumar (Director Management) set the tone of summit by giving a warm welcome address to all. Mr. Pradeep Khanduri, keynote speaker, beautifully intertwined all three parameters Skill, Speed and Startups in his deliberation. He spoke about internal and external transformation to create an identity as a successful entrepreneur. He also touched upon Internet of Things & Marketing 4.0 to reflect the journey from traditional to digital. Mr. Hemant. G. Contractor, Chairman- PFRDA reproduced facts about demographic condition of India and discussed about the key areas of improvement in financial sectors, pension policies and related challenges in India due to poor pension policies.
Mr. Anil Kumar (Founder CEO) LOCOVIDA discussed about types of consumers in today’s market, how decision got influenced by various people, how rapidly data getting transmitted on regular basis on the world wide web and insights about digital and intelligent marketing with a reference to Neuro Linguistic Programming and Artificial intelligence.
Mr. Lakshman Kanuga (President corporate affairs) BOTOIL OIL TOOLS INDIA LTD, shared insights about digital disruptions in Oil and Gas industries. He focused upon disruption drivers in form of market dynamics, geopolitical disequilibrium & environmental concerns. He also discussed government initiatives in last 4 years in the field.
Mr. Harsh Kalra (MD) EGGSPERT NUTRI INNOVATION PVT. LTD, talked about journey of an entrepreneur and role of entrepreneurs in building startup culture in India. He provided deep insights related to various challenges of egg industry and value of risk taking in entrepreneurial journey.
Mr. Vipin Singhania (CEO) LSONIC FOODS & SERVICES PVT. LTD, also shared his experience of setting up a venture and the challenges faced by an entrepreneur in initial stages. He briefly discussed about global leaders like Google and Microsoft and their journey to attain the present level.
Mr. Ajay Deep Khurana (Founding Partner) McKinley Global Advisors took the audience towards cashless economy, which is an outcome of digitalization only. He specifically pointed out development in last 10-15 years indicating scope of numerous opportunities & innovation in India. He spoke about digital revolution like Jio and innovations in Indian Banking Sector.
Mr. Amit Sharma (CEO) Satin Housing Finance Ltd. stated various facts about Housing sector with a reference of Pradhan Mantri Awas Yojana Urban & Rural Housing Interest Subsidy Scheme. He also mentioned opportunities in housing sector and shared that already Rs 10.8 Lakh cores are invested in Housing Finance in India.
Mr. Kaushal Mehtani (Senior Finance Expert) at McKinsey & Company elaborated various trends in BFSI Sector and the factors to be kept in mind before investing money. He also talked about Skill development in the form of reskill, cross skill and up skill. He emphasized upon customer relationship in era of Digitization & Artificial Intelligence.
Mr. Manoj Kumar Sabat (AVP) IL & FS spoke about infrastructure use in financing sector with a special mention of Hyderabad Airport Project worth Rs 3000 crores. He discussed various problem faced by infrastructure financing and recent innovative financing Methods.
Mr. Gopal Mondal (CFO) at IDFC Foundation painted image of India v/s Rural India (Bharat) in front of audience. He interestingly pointed towards change in the behavior of consumer after Demonetization & implementation of GST. He said even GST changed the Kachaa - Pakka Business (without invoice) scenario. He also shared latest trends in technology impacting consumers.
Mr. Annirudha Singh, Group President (HR), Monnet Ispat & Energy LTD spoke about digital revolution, virtual organization & challenges related with them. He said that the decision making will be data-driven along with inner gut & feeling in time ahead and intellectual work will be done by machines.
Mr. Sanjeev Kumar, Head (HR), IPGCL deliberated upon the digital economy & its impact on life of people. He told about Sweden, 1st Country to adapt to cashless transactions. He stated that transactional HR like EPF, PF etc., would be automated in coming time. He emphasized upon technology updation of HR fraternity in order to imagine the future, design the future & align the future with the present.
Mr. Ashish Pradhan, COO, E-SHAKTI.COM (we design, you customize) highlighted his company’s achievement in getting through the World’s top 100 companies for providing the best quality-customer products. He emphasized upon the role of leadership in making a business successful & addressed the various attributes of leaders that are relevant in digital era.
Mr. Prashant Singh, Vice President, Paytm, gave an insight related to ways of “leading in the times of transformation”. He correlated employability & its potential impact on the several industries, e.g. Google v/s Facebook, Hotel v/s Airlines etc. in the form of first order impact & second order impact by taking the reference of technological advancement in terms of AI, block chain, autonomous cars, foodtech, medicines etc. He advised everyone to rethink about the concept of leaders & the leadership in changing times.
Business Summit 2018 ended with vote of thanks proposed by Prof G K Diwedi.