Transforming India: The Road Ahead- Annual Conclave by FMS, Delhi University

Anjani Chaand updated on : 16 Sep 2015

Mr. Montek Singh Ahluwalia, former Deputy Chairman, Planning Commission of the Republic of India interacted with the students and faculty members

India has ventured in a new era of development, through its innovative campaigns. But in order to sustain it, the process of transformation has to find a new path with fresh ideas and novel methods. On these lines, Faculty of Management Studies, Delhi, conducted its prestigious annual leadership summit, Conclave 2015 on 13th September, 2015, with a theme of “Transforming India: The Road Less Travelled, and India’s Transformation: The Road Ahead”. It was marked with the presence of eminent personalities from different industries.  The event has lifted curtains from a new dimension of thinking in terms of innovation, entrepreneurship and social importance.

The event took off with the chief guest Mr. Montek Singh Ahluwalia, former Deputy Chairman, Planning Commission of the Republic of India, lighting the candle. Mr. Ahluwalia spoke about the scope of sustainable development and transformation. He shed light on the requirement of growth on grounds of public investment like safety, transport etc. He said that “Growth is essential along with the large delivery of public goods”. He pointed out that the process of innovation in terms of transformation needs to take place at the state’s level. He encouraged the youth to take up temporary jobs in public sector to promote the development. With respect to entrepreneurship, he commented that there is a huge requirement of medium scale companies. “90% of Indian firms employ less than ten in numbers” said Mr. Ahluwalia stressing that there is a requirement of companies employing at least 1500 people in order to see a sustainable business environment.

This was followed by a discussion about the topic with two different panels one after the other. The first panel was marked with personalities from niche fields like social welfare, writing and entrepreneurship. Ms. Deepali Singh, a child welfare activist, explained about the need for the right implementation of compulsory CSR activities. With the rising number of NGOs, there are a lot of challenges in raising funds for a purpose. Ms.Ira Trivedi, a famous writer, described the significance of learning and the different ways of pursuing it. Mr. Ruchir Arora, a prominent entrepreneur, shared his experiences of his entrepreneurial journey. Failures are the new proof of talent in today’s world. A person who failed can only learn from the mistakes and improve the quality of efforts to reach higher standards. The panel discussion dealt with different examples and scope for taking an innovative approach towards fulfilling the dreams of young India.

The second panel had visionaries from the business world, especially marketing, consulting and management. The main agenda of the panel was entrepreneurship at a new level for restructuring the organizational pillars of development. They discussed about the advent of new technology in the traditional brick and mortar companies, and how it can restructure the complete business organization. Mr. Manik Nangia, CDO at Maxlife Insurance, delved more into it by showing the significance of digitalization in marketing through his presentation. At the same time, stress was laid upon the fact that the increasing e-commerce applications need to be understood as tools to find viable solutions rather than creating a bubble of business. Mr. Valluri Venkatesh, founder of Valluri Technology accelerators, focussed on finding solutions in different sectors by entrepreneurs, since these ideas have a great market in Tier 2 and Tier 3 cities. On the same lines, Mr. Sharat Jain, founder of RechargeitNow, alluded to the importance of leadership in diverse sectors. Mr. Subhashis Nathia enlightened the students with his personal examples in the consulting sector. He expressed that new ideas need to be differentiated well and also need to have far sightedness.

The event was sponsored by ONGC, Indian Oil, NTPC and Mint. It was a great success in terms of participation of various students and professionals from different colleges and organizations. The session was very interactive with the panel members actively interacting and giving answers to the questions posed by the students. The event has enlightened many a number of people who are potential contributors towards a developed and transformed India.

Source: Media Cell, FMS-Delhi

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