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B.V.U. PUNE. A.K.I.M.S.S., SOLAPUR. Presentation on, “Synopsis of, INDIA ECONOMIC SUMMIT2006.” ( (26Nov—29Nov, New Delhi .). Presented by; Vallabh kulkarni
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B.V.U. PUNE A.K.I.M.S.S., SOLAPUR. Presentation on, “Synopsis of, INDIA ECONOMIC SUMMIT2006.” ( (26Nov—29Nov, New Delhi.) Presented by; Vallabh kulkarni Jayraj Kothawale. MBA-I
OBJECTIVES • Theme, “India:Meeting new Expectations. • Emphasis on role of State Govt, & publlic-private partenership. • To give India, “Higher Global Profile”. • Increase Economic growth of India from 8%. • To adopt changing political, economic& consumer expectations. • Infrastructure Development for Industries. • Increase in FDI.
Government will Fund INNOVATIONS. • Kapil Sibal (Science Minister.)
Govt. announces public fund for innovative idea in forthcoming budget 2006-07. • STRUCTURE- 30%given as license fees or patent fees,30% for funding project, 40%for institute where research takes place. • Govt. provide Rs.5million to fund innovative ideas,& Rs.10 crore to commercialize idea. • Special emphasis on to create ecosystem & ecofriendly fuel/power. • Collaboration with various countries to provide resources for fast moving sector. • Govt fund to universities & special package for faculties.
INDIA NOW A GLOBAL INFOTECH HUB. INDIA NOW A GLOBAL INFOTECH HUB. -Shakeel Ahmed,Minister of commu,& IT.
Education & Health facilities to rural through Broadband. • Skill training & Creation of entrepreneurship help to Decrease Unemployment. • By 2020 India will need 50 million working age population. • Govt concentrates on Primary & Higher Education. • Support E-governance. • India develop more sophisticated trade negotiations & Investment for developing skill of population. • IT sector will generate employment & crate huge market.
Expand business in China ,Brazil & African countries Like Nigeria. • Expansion through Acquisition. • Hair color & household Products. • Godrej already acquired companies in UK & South Africa. • 25% revenue come from foreign business on FMCG products. • Develop 20 million Square feet property in Maharashtra, Hydra bad & Bang lore.
INDIA ON A EVE OF RETAIL REVOULITION. -MUKESH AMBANI
Retail given growth in economy & increase purchasing Power. • Will create employment opportunities of 1 to 2 million Per year in next decades. • Enhance purchasing power of bottom level people. • “Farm to Fork” concept. • Future plan to target 793 cities which population of 50,000 people. • Partnership with Small shopkeepers.
INDIAN TRIO MAY JOIN 10 MOST VALUED IT FIRMS IN GLOBAL. -Azim Premji
At present Infosys, Tata consultancy,& Wipro ranks 16-17Companies in global market. • At present in global Market capitalization of Infosys is $29 billion, & Wipro is $52 billion on share prices on BSE. • Companies growth rate is booming. • Trio may soon join in list of 10 most valued IT firms in Global in next 2 to 3 years.
INDIA FIGHT AGAINST TUBERCULOSI (TB)
Daily 1000 people die due to TB. • Tie up of The India Business Alliance(IBA) & World Health Organisation(WHO) to control TB. • TATA group, Reliance Industries & Jubilant organics leading the way. • Another 29 Indian companies joined the force in program of Revised National TB Control Program (RNTCP). • Will encourage more companies to join the hand to fight against TB.
OTHER BULLETINS:- • Govt. will reduce Direct & Indirect taxes in next budget. • Bicon may invest $10 million in India trough arthistic drug . • Gas sector will give boom to Indian Economy to 2010. -Mukesh Ambani. • Indian Companies should focus on competitiveness. -R. seshasayee. • Sab Millor to invest $125 million in India. • More equality in Indo-US ties needed. -Prime Minister. • Deeper debt market needed.
ENTREPRENEUR OF THE YEAR 2006. • Entrepreneur of the year:- -Tulsi Tanti, Chairman , Suzlon Energy. • Lifetime Achievement Award:- -Karsanbhai patel, Chairman Nirma Ltd, • E.O.Y. in Manufacturing Category:- -Anil Agarwal, Exe. Chairman, Vedant Resources. • E.O.Y. in Service Category:- -Kishor Biyani. CEO&MD, pantaloon Retail India Ltd;
E.O.Y. for Business Transformation:- -Jigesh Shah, MD Financial Tech. Ltd. • E.O.Y. in Info. Commu., & Entertainment Category:- -Girish Agarwal, Director,writer & publisher,Dainik Bhaskar Group. • Manager Entrepreneur of the year Award:- -S. Ramadorai, CEO TATA consulatancy • Start-Up Entrepreneur of the year:- Vikram Akula, Founder& CEO, SKS Microfiances.