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Kuala Lumpur, 4 December 2017: Building on the successful launch of its inaugural edition, The Economic Times Asian Business Leaders Conclave 2017 (ABLC) returned to deliberate on developments in the Asian economy since last year. It acted as a melting pot for thought leaders, governments and business leaders to further the cause of greater economic integration between emerging and leading countries in the region. The 2 day landmark event was held at Majestic Hotel Kuala Lumpur in Kuala Lumpur, Malaysia. The 2nd edition saw the conclave graced by the presence of YAB Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister of Malaysia, joined by Guest of Honour, Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia. The event bore witness to greater involvement of regional governments and focused on the steps Asia as a unit must take to achieve development goals and move towards not just complete economic independence, but also greater eminence in the new world order. It also acted as a focal point for discussions between ASEAN, India and the Middle East. Talking about how young leaders are pivotal to the success of Asia, Yang Berhormat Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister of Malaysia, said, "We launched the inaugural event last year here in Kuala Lumpur, and I am delighted it is now becoming an annual event to be hosted by Malaysia. I am all the more pleased that we have with us here today government and business leaders from across Asia. The event has become a platform for connectivity beyond India and Malaysia to also cover ASEAN and South Asia, and I hope that it will continue to expand in the future." Expressing his views on the conclave, Mr. Deepak Lamba, President -Times Strategic Solutions, said, "As Asia continues to develop and innovate abundantly, it has gained more influence on a global scale. This rapid growth also offers numerous business opportunities which need to be tapped strategically. The 2nd edition of the Asian Business Leaders Conclave, to be held under the patronage of the Honorable Malaysian Prime Minister and other dignitaries, will see authorities and thought leaders converge to frame reforms and strategic ties that will help assert Asia's position as the torchbearer of the global economy." Quotes by other influential speakers: "Digital Disruption seems a negative word to me. What we should be saying is digital acceleration. This is the generation where the internet and the web is the force for good. Where the workforce of the future is going? There is an entire generation of our workforce that are in two states, they are either online or streaming. Their expectations and how they grow and access to information and knowledge is vastly different from when I first began work years ago. The workforce of today's generation that is better prepared, with higher expectations and being ambitious. The web allows you try and fail fast. Now more than any other time in the history of the world this is the time to be a millennial." - Sajith Sivanandan, Managing Director- Malaysia, Vietnam, Philippines and & New Emerging Markets, Google "Technological disruption in electric vehicles is not disruption, the disruption has not come to Asia just yet but we will see a lot of new car brands being born in the next few years, both within Asian and around the world. But what we will see moving forward, is a lot of new technology related to electric and hybrid vehicles, and many of these will come out of Asia. And if Asia wants to compete in this field, there are a lot of innovations and developments that need to be made and in a fairly short amount of time." - Larissa Tan, CEO, Vanda Electrics on the long-term vision of the battery business The conclave hosted entrepreneurs, business owners, policy makers and senior government authorities from all across Asia. Other highlights were the dedicated zone for startups where entrepreneurs showcased their services/products and also the industry focused parallel sessions. ABLC also proved to be a great platform for cultural exchanges that helped understand the common aspirations of Asians across borders. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through exhibitions, strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through expos, summits and conferences in overarching lectures, hands-on workshops, panels, roundtables, face to face meetings and case studies.
November, Malaysia: Building on the successful launch of its inaugural edition, The Economic Times Asian Business Leaders Conclave 2017 (ABLC) is back to catalyse the developments in the Asian economy since last year. It will act as a channel for thought leaders, governments and business leaders to further the cause of greater economic integration between emerging and leading countries in the region. The conclave is scheduled to take place from 29th November to 30th November 2017 at the Majestic Hotel Kuala Lumpur in Kuala Lumpur, Malaysia. In its launch edition, ABLC established itself as an important economic platform for candid discussions on economic ties, international business, etc. and had the rare distinction of being addressed by The Honorable Prime Minister of Malaysia and India (Via Video Conferencing). The 2nd edition will see greater involvement of regional governments, who are looking to come together to deliberate on the future course of Asia. The discussion will focus around what steps Asia as a unit must take to achieve development goals and move towards not just complete economic independence, but also the greater dominance in the new world order. It will also act as a focal point for discussion between ASEAN, India and the Middle East. Expressing his views on the conclave, Mr. Deepak Lamba, President -Times Strategic Solutions, said, "As Asia continues to develop and innovate abundantly, it has gained more influence on a global scale. This rapid growth, also offers numerous business opportunities which need to be tapped strategically. The 2nd edition of the Asian Business Leaders Conclave, to be held under the patronage of the Honorable Malaysian Prime Minister and other dignitaries will see authorities and thought leaders converge to frame reforms and strategic ties that will help assert Asia's position as the torchbearer of the global economy." This year the special address will be delivered by senior Asian Government Representatives, Amir Hossain Amu, Minister of Industries, Bangladesh and Manohar Lal Khattar, Chief Minister, State of Haryana, India. They, together with other industry prophets will deliberate on enhancing regional economic integration agenda, eliminating barriers to international trade and investment in the region and giving greater impetus to the sustainable and inclusive development of Asia. This conclave will have entrepreneurs, business owners, policy makers and senior government authorities from all across Asia. One of the highlights would be the dedicated zone for startups where entrepreneurs can showcase their services/products and meet with potential investors. Making sure that the conclave touches upon all the macro agendas of the booming sectors, it will have Industry focused parallel sessions. ABLC will also prove as a great platform for cultural exchanges that will help understand the common aspirations of Asians. The conclave will host a series of interactive panel discussions, candid chat sessions for exchange of ideas, live talks and interviews with the most influential leaders and networking meetings. Some of the key topics discussed during the summit were as follows: · Untapped opportunities to boost Intra - Asian trade · Eliminating barriers to international trade and investment in the region · Role of the financial sector in attainment of inclusive growth · Enhancing collaborative efforts for greater Industrial growth in Asia · Driving global investments in Infrastructure to Asia · Opportunities for collaboration in the MSME sector between ASEAN and India Renowned Asian representatives for the conclave: · YAB Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister of Malaysia · Hon. Ranil Wickremesinghe, Prime Minister of Sri Lanka (via video conference) · Andy Xie, An Independent Economist based in Shanghai · GM Rao, Group Chairman GMR Group · James Law JP, Founder, Chairman, CEO James Law Cybertecture · Mr. Alhaz Amir Hossain Amu, Minister of Industries, Republic of Bangladesh · Mr. Fakhrul Mazid Mahmud, APS, Ministry of Industries, Bangladesh · H.E Ouk Prachea Secretary of State (Vice Minister) Ministry of Commerce, Cambodia · Chheav Pha, Director of Market Development, Ministry of Commerce, Cambodia · Sushil Premajayantha, Minister of Science, Technology and Research, Sri Lanka · Mr. Chaminda Welegama, APS, Sri Lanka · Dr. Chuang Suo Ho, Vice Chairman, Taitra, Taiwan · Ms. Ivy Ko, Project Manager, Taitra, Taiwan On the Day 2 of the conclave the 2nd edition of Most Promising Leaders of Asia Coffee Table Book will be launched. It will enlist young leaders who are an important part of the story of a resurgent Asia. Renowned Asian representatives, such as Mr. Fakhrul Mazid Mahmud, APS, Ministry of Industries; H.E Ouk Prachea Secretary of State (Vice Minister) Ministry of Commerce, Cambodia; Chheav Pha,Director of Market Development, Ministry of Commerce, Cambodia. Also, representatives from Indian and Asian companies, such as Fortis Healthcare & Religare, & Shriram Group, James Law Cybertecture, Hong Kong, GMR Group, Taiwan External Trade Development Council, Ravin Group of Companies, Logie Group, Hong Kong, ICICI Ventures etc. will be there.
18th November'17, Mumbai: The day three of the mega event, The Times of India Global Sports Business Summit (GSBS), was addressed by Dr. B Ashok, IAS, secretary department of Sports & Youth affairs, among other experts, bureaucrats and policy makers. The day focused on sports science, its role in Paralymics and schools, sport nutrition and mental training. Calling India a natural sporting nation Dr. B. Ashok said, "India has a wealth of knowledge in managing sporting performance. Every state in India will have to work on identifying challenges and bridging the gap. Currently only Cricket and Football are two major sports being encouraged and getting attention in India." The last day of GSBS brought together a diverse range of medical experts in a panel discussion on the role of sports science- from grassroots to Olympics. Describing the role of a sports physio Dr. Zeinia Somar, Sports, Physio, Olympic Gold Quest said, "If you are a sports physio, you need to play multiple role, a psychologist, a nutritionist and a supporter." She added, "A good athlete has a team of doctor, nutritionist, psychologist, and physiotherapist and it acts as a strength to an athlete's performance." Specialist in sports medicine, Dr. Anup Krishnan, reiterated the importance of time, patience, money and experts, in making of a champion. In a presentation on India's Paralympic Moment, Madhavi Latha, President-Wheelchair Basketball Federation of India, encouraged everyone to participate in sports. She said, "Sports science has now given everyone an opportunity despite disability." Talking about inculcating sports at school level, Lt. Gen Manvender Singh, Founder of Director Sportseed PRO said, "The opportunity and facilities to pursue sports given at a school level makes a huge difference in a child's life. Sports builds a social attitude, healthy discipline and cultivates fitness habits." He also spoke about the alarming effects that technology has on kids making them low on self-esteem, grounding them indoors and leading to obesity and unhealthy lifestyle. The session then proceeded to a panel discussion on sports nutrition and mental training in sports, where the panellists threw light on the need of proper nutrients for athletes right from childhood to give them a healthy start. In a panel discussion on convergence of the old with the new, using data to optimize training and techniques and enhance performanceJohn Gloster, Head of Sports Science, GoSports Foundation quoted, "It's extremely important to listen to your athlete with the help of regular data stored as it helps them measure performance, understand progress and to work the gaps. Robot management for athletes is very essential as it is not possible to manage every athlete individually." Later, Dr. Nikhil Latey physiotherapist and sports scientist, Sportsmed presented a CSE study on techniques and postures for shooter and how sports science can be applied to amateur sports and bring in a change in India's representation in Tokyo 2020. In the concluding session, Lokek Suji, Director, E Sports Federation showed the audience a glimpse of e-sports. He said, 'E-sports is probably the most naturally relevant sport to today's generation'. He shared, that countries and universities are now recognising e-sports as an upcoming field and Asia is the biggest market for sports." The main purpose of the conference was to catalyse business and create awareness about sports and products used in sports like sportswear, sports accessories, sports goods etc. as well as sports nutrition and wellness technique. This landmark exhibition features 5000+ national and international sports products spread over 6000+ square metres of exhibition space, with an expected audience of 8000+ trade visitors and sports enthusiasts set to visit this mega exhibition spread over the course of 3 days. With an all-encompassing exhibitor category featuring National & international brands, 5 tactically focused conferences, strategically aligned B2B meets, 50+ hosted international and national buyers and hands-on workshops, GSBS represents a stellar convergence of the sports business ecosystem like no other. Moreover, the exhibition also boasts a strong government connection with support from 5 State Partners plus the presence of a Taiwanese Country Pavilion, making GSBS an unparalleled platform for everyone who wants to delve deeper into the sports ecosystem. About The Times of India Global Sports Business Show 2017 The Times of India Global Sports Business Show (GSBS) 2017 is a platform that will bring together top corporates, leading stakeholders, policy makers, international sports brands, leagues, sports management companies and everybody who is a part of the sports business value chain under one roof to help India realize the dream of becoming a truly international sporting nation with world class infrastructure. This initiative will accentuate the government's vision to create a sustainable sporting ecosystem in India through infrastructure development, attracting investments in the sports sector and also position India as a sports destination in overseas markets.
17th November'17, Mumbai: The largest convergence of the sporting industry in India, The Times Of India Global Sports Business Show 2017 on its 2nd day focused on ISPO academy and the textile value chain. The Chief Guest of the day, Mr. J M Balamurugan, IAS, Secretary - Sports and Youth Services, Government of Punjab addressed the state of sports in the country. Laying emphasis on the growth in this segment, he said, "Given that we are a country of 1.3 billion people, there is a huge scope for sports revolution. The solution to improve is complex, multi-dimensional, multi-pronged yet possible. The efforts need to begin at the base level; at schools. Another factor that needs emphasis is financial security for the sportsperson, we need to create gainful employment for them post retirement." Talking about the sustainability development goals 2030 and their implementation with the textile value chain, Mr. Reiner Hengstmann, Go4More, Stuttgart, Germany highlighted the 17 goals structured by the UN. Mr. Hengstmann added, "Sustainability and business must work hand in hand. It's the need of the hour that companies and brands look for sustainable solutions and for consumers to be more aware about what and how of the making of the product. We need to move from linear business model to circular model where the motto is make-take-recycle." Addressing the options and risks of digitalization for the textile industry, Mr. Anton Schuman, Ghezri Textile Organization, Zurich, Switzerland, said, "Traditional value chain is changing due to digitalization; the driver being the consumer; digitalization has enabled the industry to create realities that were unthinkable at some point. He advised the delegates to innovate, adapt digitalization, change the point of view and do it with passion and write history." Present at the show Yavuz Mogul- Verwegener & Trefflich, Leipzig, Germany, said, sustainability is the biggest challenge in sport business and the ways to tackle are communicate, educate, be transparent and digitalize. Sharing his plans for Andhra Pradesh, Dr. N Bangara Raju stated that he wants to make 60% of Andhra Pradesh's people sports active by the year 2029. Navdeep Sondhi, Gherzi Textile Organization, shared, according to a survey the global textile, apparel consumption was 90 million tons in 2016. The future of textile apparel consumption market will be India and China due to rapid growth in disposable income and younger population. In a fire chat session Harit Mehta, MD, Haren Textiles, discussed the challenges that Indian companies faces , the need for digitization and working with the supply chain. The evening saw some interesting presentations and case studies by Linz, Austria, Sanjay Kumar and ended by session by Robert Schroots, S2R, and Geneva Switzerland. About ET Edge Times Conferences Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through exhibitions, strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through expos, summits and conferences in overarching lectures, hands-on workshops, panels, roundtables, face to face meetings and case studies.
17th November'17, Mumbai: The Times of India group, a harbinger of change and a torchbearer of economic progress commenced the second edition of The Times of India Global Sports Business Show (GSBS) 2017 yesterday at NESCO, Mumbai. The show began with a powerful address by Yashodhara Raje Scindia, State youth welfare and sports minister Madhya Pradesh, among other bureaucrats, policy makers and stakeholders. The day focused on enabling the Indian Olympics vision and the intent to build a bright future for the sports fraternity and fitness enthusiasts in India. Sharing her thoughts on the current scenario Yashodhara Raje Scindiasaid," Developed countries take sport seriously because it is an expression of status, developed and a progressive society, stemming from the essential building block of self worth." Setting the tone for the day Deepak Lamba, President -Times Strategic Solutions, said,"Last year we set up GSBS to accentuate government's vision to create a sustainable sporting eco system in India. Riding on last year's success we are here again focusing on sports infrastructure, sports CSR, Sports Science, sports culture etc. Hope this show reaps the most beneficial results for all the participants." The platform aimed on building a sports & fitness business ecosystem bringing together top corporates, leading stakeholders, manufacturers, wholesalers, retailers, policy makers, sports leagues, sports management companies and industry stakeholders under one roof. This landmark exhibition spread over 6000+ square had an all-encompassing exhibitor category featuring National & international brands, focused conferences, B2B meets, allied activities, international and national buyers and hands-on workshops. On creating a comprehensive plan for the fore coming Olympics, Mr. Om Pathak, Member of Olympic Task Force, said, "Sports Task Force was set up to understand why India has not done as well as the potential it has and what is it that we need to do going forward. The mandate included creating robust infrastructure, providing training and selection of athletes." Some other major discussions at the event were in science, technology & nutrition, which went on to be a great talk session by Heena Sidhu, Indian Sports Shooter, where she shared her journey and perspective of sports in India. She quoted, "Sport is cutting edge science in today's world and we are miles behind than most of the nations around the world. We need to stop depending on government for everything or every issue; we can tap into private organizations. Not only it will create thousands of jobs but also give right guidance to the untapped pool of talent." Present at the occasion Somdev Devvarman- Former Indian Tennis Player said, "Building a champion doesn't happen overnight, we need to start building culture from a school level. If sportsis made mandatory in school since early childhood, the children of our country will blossom in life. Creating culture of sports is the first step towards building a stronger base. We can't be waiting every four years to realize the worth we have in Olympics, we have to encourage our people everyday, it's not about only winning it's about playing and true sportsmanship. It is imperative to reinvent culture through creating awareness of sports not just to win medals but for a healthier and happy nation." Other prominent speakers present at the event were, Nasser Hussain, Rugby India, Dr. Malav Shroff, Genral Secretary, Olympians Association of India,Upendra Jain- IPS, Ajay Jayaram, Indian Badminton Player, Jayen Mehta, Sr GM- Planning & Marketing, Amul, Rajesh Kharbanda- MD, Freewill Sports, Nivia, Deepthi Bopaiah, Executive Director, GoSports Foundation, Venkat Rolla, Head - Corporate Social Responsibility at Omkar Foundation, Vibhuti Jha, Principal, Ashcroft Sullivan Jha, Dr.NitiinChaawlaSr. Medical Officer, ONGC and Mr. Anil Kumar- Founder &MD Great Sports Infra. About ET Edge Times Conferences Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
The 2nd edition of the Times of India Global Sports Business Show (GSBS) 2017 is on track to be one of the biggest sports event in India has witnessed to date Mumbai, 15th November, 2017 :- For 33 centuries, sports has proven to be one of the most effective tools in entertaining audiences, ensuring health, growing businesses, and building a sustainable, secure and prosperous future for future generations. No other form of entertainment has a more globally unifying appeal, and the Indian sports industry too is witnessing radical changes. The Times of India group, a torchbearer of economic progress, will hold the second edition of The Times of India Global Sports Business Show (GSBS) 2017 to give an impetus to the sports & fitness business ecosystem. Scheduled to take place at the Bombay Exhibition Centre, Goregaon - Mumbai, between 16 and 18 November 2017, GSBS 2017 will bring together top corporates, leading stakeholders, manufacturers, wholesalers, retailers, policy makers, sports leagues, sports management companies and industry stakeholders under one roof. This landmark exhibition will feature 5000+ national and international sports products spread over 6000+ square metres of exhibition space, with an audience of 10000+ trade visitors and sports enthusiasts set to visit this mega exhibition spread over the course of 3 days. With an all-encompassing exhibitor category featuring XX+ National & international brands, 5 tactically focused conferences, strategically aligned B2B meets, 50+ hosted international and national buyers and hands-on workshops, GSBS represents a stellar convergence of the sports business ecosystem like no other. Moreover, the exhibition also boasts a strong government connection with support from 5 State Partners plus the presence of a Taiwanese Country Pavilion, making GSBS an unparalleled platform for everyone who wants to delve deeper into the sports ecosystem. The second edition of this landmark event will be home to 5 conferences that will see more than 100+ leading industry speakers and government representatives dive into a spectrum of sporting topics. Together, these eminent minds will discuss prevalent trends, opportunities, challenges and innovations in the industry. Multiple discussion boards have been created including panel discussions, keynotes and break-out sessions, which would catalyze the ascendance of the Indian sports ecosystem by uniting the entire sports fraternity. With the intention of building a bright future for the Indian sports and fitness fraternity, the second edition of The Times of India Global Sports Business Show 2017 will host multiple workshops for the sports fraternity. Rugby India, Mary Kom Regional Boxing Foundation, Xtreme Fight Federation and Coach Crew will take center stage as they conduct workshops that will give a fillip to the sports community working passionately towards realizing the collective Indian sporting dream. Additionally, the occasion will also be marked by the launch of the exclusive Economic Times Champions of Sports coffee table book, which will immortalize the achievements of those that have championed the Indian sports ecosystem. Commenting on the event, Deepak Lamba, President, Times Strategic Solutions Limited said, "It is extremely important to build a dynamic sporting culture in India, as witnessed by the government and the private sector working closely together for a better sporting future. The Times of India Global Sports Business Show 2017 is an effort in this direction, offering a rich source of ideas and expertise for the sports ecosystem to draw from as they seek to create the sporting generation of tomorrow. By bringing together the key people from the industry and showing the way to the sporting generation of tomorrow, The Times of India Global Sports Business Show 2017 serves as a unique platform that will surely serve to further ingrain a sporting culture amongst Indians everywhere. Envisioned as the single biggest symposium for the sporting fraternity in India, GSBS aims to help create a sports culture Indians everywhere can be proud of." A galaxy of top-tier speakers are also expected to grace the occasion, including Shri Rajyavardhan Singh Rathore, Minister of Youth Affairs and Sports, Government of India; Om Pathak, Founder & Chairman, School Sports Promotion Foundation and Member of Olympic Task Force; Somdev Devvarman, Former Indian Tennis Player; Ranjan Mohapatra, Editor in Chief, CSR Vision; Rajesh Kharabanda, Managing Director, Nivia; Siddhartha Upadhyay, Founder, Stairs Foundation; Udit Sheth, Managing Director, TransStadia; and Prof. Dr. G.L. Khanna, Director (Project) - Indian Institute of Sports Science and Research, Ministry of Youth Affairs and Sports, Government of India. With eminent stakeholders from across the government and industry looking to bring into sharp focus the ways in which the industry can make the most of the overlap of multiple sports disciplines, GSBS 2017 will ensure that India's path to sporting prominence is paved with an inclusive effort from all the august stakeholders gracing the occasion, making this a must-attend event for all stakeholders of the Indian sports ecosystem.
3rd November'17, Mumbai: With the Indian Pharmaceuticals market growing ever larger, The Economic Times saw the need to cultivate a platform for researchers, pharmaceuticals industries, healthcare professionals and various stakeholders to discuss the latest advances in the space. The Economic Times Pharma & Life Sciences Congress 2017, held today at The Taj Vivanta, Mumbai, saw prominent industry experts deliberate on the 'Future of Pharma & Life sciences.' The event convened with opening remarks from Dr. Maruthi Viswanathan, Chief Executive Officer, Rx Prism and later a keynote address delivered by Mr. Ranjit Shahni, Vice Chairman & Managing Director, Novartis. In the keynote address, Mr. Shahani highlighted the key trends, opportunities, challenges that the Indian industry faces, stating, "Demographic trends like increase in population, average life expectancy are putting the healthcare system under pressure." Setting the tone for the day, Mr. Deepak Lamba, President - Times Strategic Solutions, said, "The Indian Pharma industry is on the threshold of becoming a major global market by 2020. We at ET believe no global pharmaceutical company can afford to ignore India and its growth. We thus wanted to provide a platform to sustain this growth and bring more positive changes through a talented pool of Pharma experts." Dilip G Shah, Secretary General, Indian Pharmaceutical Alliance, expanded further, saying, "The future would be less and less predictable and the disruption would come at a faster rate that we have witnessed and this disruption would come from completely unknown parties, like digital or medical science and my discussion with the other industry shows that we are not prepared for future." To battle these disruptions, Annaswamy Vaidheesh, Vice President, South Asia & Managing Director, GlaxoSmithKline Pharmaceutical, suggested setting up think tanks within the country. In the session titled Moving Beyond Generics-Innovation in Pharma-the next up, visionaries , Daara Patel, secretary General, IDMA; Jawed Zia, Country President, Novartis and Kanchana TK, Director General OPPI expounded on the manner in which we should look into working with the government from a policy perspective to actually innovate in Pharma. Mr. Patel added, "Most of the patients are not getting medicines due to poor infrastructure. India has affordability but as far as accessibility is concerned it is far behind than any other country in the world." The discussion also highlighted that patent protection is a big challenge in pharma innovations. Speakers suggested that the government should free the Pharma industry from the shackles of price control, there is a lot of competition and the industry is mature enough. Only when there is a drastic difference in the price points should the government intervene. It ended on a positive note, with the statement,'The value of innovation should be seen as an investment not only for health but also for economy.' Moving forward in a dialogue between Abhishek Lagvankar, Marketing, Medical Nutrition, Danone; Alap Gandhi, Head Medical Affairs, GlaxoSmithKline Pharmaceuticals; Rinkesh Shah, Digital marketing Strategist, Cipla on Pharma Marketing going digital, it was highlighted that digital marketing in Pharma has low awareness as compared to other industries and 70% of today's population turns to the internet for medical information. They also said most companies develop apps. However, studies have found that 75% of people don't use the app after 3 months. Hence what will help in moving forward in digital marketing sphere is to have real time patient data and not just attempt to roll out quarterly marketing initiatives. It ended with an insight that Pharma Industries are way behind in applying digital strategy and that it should pick up. The day concluded with an enlightening discussion between Mr. Shantanu Mukherjee, Legal Head, Asia Pacific and Japan, Lupin and Sudesh Shetty, Partner and Head, Forensics, Life Sciences, KPMG on manufacturing in India, compliance in manufacturing, making it globally compliant and the road ahead. Mr. Sudesh Shetty ended the session with a remark, "The cost of compliance goes exponentially up when it's reactive." About ET Edge: Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through focused exhibitions and strategic conferences and summits. Encompassing business vistas, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create a social and business environment conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through exhibitions, summits and conferences in overarching lectures, hands-on workshops, panels, roundtables, case studies and more.
October 5, 2017, Mumbai: The Mumbai edition of the 5th Economic Times A&D Summit brought together the experts from the architecture & design fraternity to discuss diversity, sustainability, technology and innovation in designing spaces. The event held at Vivanta by Taj President, Mumbai was attended by architects, interior designers and students. The industry experts shared insights on the rich Indian architecture, which has evolved recently due to technological advancements and over population. It is a result of following in the footsteps of others without thoughtful, local-specific innovation, which is a major cause of concern. Thus the focus was on constructing better homes for India and offering Indians a design environment focused on sustainability while balancing the needs of modernity. It was found that when an industrial facility is designed, the future direction of the industry must be considered. Thus the expansion and future needs of the facility are an important consideration. In any large industrial design, the synergy between architecture and engineering is critical. Sharing his thoughts on the summit, Mr. Deepak Lamba, President, Times Strategic Solutions Ltd. said, "The face of Indian architecture has changed in the last decade as we have adopted technological advancements. The aim behind this summit was to bring together experts to share their views and experiences that will help built a modern India which is humane, sustainable and timeless." The summit also brought out an important topic of discussion - that of involving architects in the urban development of the country. The summit assured to take this initiative forward by involving government authorities and certainly use this platform to reach out to them. Speaking during the session on cultural context & design diversity, Mr. Kanhai Gandhi, Director, KNS Architecture said, "Architecture is not about copying international designs and technology but is about seeing the viability of the location." Srinivas Murthy G, Chief Executive and Architect at SMG Design said, "History suggests that India has a rich taste in intricate architecture. Architecture is a dying craft in India. We must revive craftsmanship using traditional nuances in modern designs." The summit was also a platform for architects and designers to display the latest products & projects undertaken. As part of the summit, the cover of the Economic Times Architecture & Design Inspirations 2017 Coffee Table Book was launched. Nerolac launched a book compiled by Nerolac, titled 'Exterior Color Guide', which contained seven different color stories. The summit culminated with a panel discussion on 'Futureproofing fuller life' which threw up fascinating insights. The crux of the matter being the understanding of the local area, culture, heritage and adapting technology and innovation best suited to its needs. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
DUBAI- September 28, 2017: After the successful launch of the first edition of the Best Healthcare Brands in India in 2016, The Economic Times announced the Asian edition of the book in Dubai, UAE. It was at the recently concluded Economic Times India-UAE Strategic Conclave held at Westin Dubai that insightful discussions on the opportunities and challenges for Asian healthcare brands came to light. The ET Best Asian Healthcare Brands 2017 was unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE's Cabinet Member and Minister of Culture and Knowledge Development.The initiative was based on an extensive survey conducted with their Knowledge Partner, Mena Research Partners, and shortlisted top brands under various segments of healthcare after considering several parameters. These brands were eventually felicitated and featured in the coffee table book which was launched at this summit. During the summit, The Economic Times unraveled the DNA of success of these brands, and what makes these brands worthy of emulation in the healthcare Industry. The Asian healthcare market is expected to grow from $1835 billion in 2016 to over $2660 billion by 2020. This is mainly due to improved access to healthcare facilities amid increased government and private investments in addition to government initiatives that promote medical insurance and foreign investment. Cumulatively, this has seen a rise in the demand for healthcare services and pharmaceutical products. Commenting on the significance of the summit, Deepak Lamba, President, Times Strategic Solutions, said, "The huge population, large economy, and advances in technology make Asia an attractive market for healthcare services. We are excited to explore the dynamic Healthcare sector and analyse its strengths and the challenges on its way." Talking about the opportunities for collaboration in the Healthcare Sector between India and UAE, Dr. Naresh Trehan, Chairman and Managing Director of Medanta, highlighted the advances in healthcare services offered to consumer, also underscoring the growth of medical tourism in India by stating that 15% of his patients hail from overseas at any given time. Padmashri Dr. B R Shetty, Founder & Vice Chairman, NMC Healthcare delivered the special address and said, "India is one of the largest capital markets and is very lucrative for investments. We are planning to open up medical universities and hospitals in the urban, rural and tribal areas of the country. We are starting with institutions for Medical, Ayurveda, Siddha and Yuana in Amravati, Delhi, Noida and Varanasi. We are also opening up an American university here in UAE." Dr. Shetty also encouraged the delegates to invest in UAE. Some eye-opening statics on Nutrition & Healthcare in Asia were shared by Mr. Anshu Budhraj, CEO, Amway India, who elaborated on the benefits of a smart healthcare approach. Highlighting that UAE stood at 84 but India came in at 143 on the UN's Sustainable Healthcare Index, he said, "These statistics raise many questions as we are a nation that is achieving 8-9 percent growth rate every year. Clearly, economic growth and healthcare index may or may not go together. There have to be specific policies, specific investments, and focused approach for this sector to grow. If we increase the life expectancy of one person by 10 percent it would lead to an economic growth of 0.5 percent. That's how healthcare impacts the economic prosperity of a country". The Asian healthcare brands were felicitated by H.E. Abdullah Al Darmaki, CEO, Khalifa Fund for Enterprise Development; H.E Navdeep Singh Suri, Indian High Commissioner to UAE; Suhail Muhammad Ansari, Executive Director, Mubadala Healthcare and H.E Saif Jamal Al Jarwan, Secretary General, UAE International Investors Council in a gala ceremony. Those recognized for their excellence and covered in this year's research and coffee table book included: 1. Advance Cells 2. Akums Drugs & Pharmaceuticals Ltd. 3. Amarantha Ayurveda 4. Asian Institute of Medical Sciences 5. AyurVAID Hospitals 6. Beximco Pharma 7. BigMuscles Nutrition 8. Burjeel Hospital (Abu Dhabi) 9. CIMS Hospital 10. Cipla 11. CryoViva Biotech 12. Dentzz 13. Diagno Labs 14. Dr. Batra's Healthcare 15. Dr. Reddy's 16. Dr. Tvacha 17. Dynamic Techno Medicals 18. Envision Scientific 19. Eris Lifesciences 20. FineCure Pharmaceuticals 21. Gleneagles Kuala Lumpur (Malaysia) 22. Health Assure 23. Hong Kong Sanatorium & Hospital (Hong Kong) 24. Hoya Surgical Optics 25. Johnson & Johnson 26. Kayam Churna - Sheth Brothers 27. Kovai Medical Center and Hospital 28. Mitra Keluarga Hospital (Indonesia) 29. Mount Elizabeth Hospitals (Singapore) 30. Narayana Health 31. Natural Remedies 32. NMC Healthcare (Dubai) 33. Nobel Biocare 34. Nutrilite 35. Oasis Centre for Reproductive Medicine 36. OPTM Healthcare 37. Parvathy Hospital 38. Sahajanand Medical Technologies 39. Sahyadri Hospitals 40. Singapore General Hospital (Singapore) 41. Sir Ganga Ram Hospital 42. St. Lukes Medical Center (Philippines) 43. Sun Pharmaceutical 44. The Birth Place 45. The University of Tokyo Hospital (Japan) 46. Translumina Therapeutics LLP 47. Trichur Surgicals (Trisco) 48. Vital Imaging Centre
DUBAI - September 27, 2017: More investment flows between the UAE and India should be promoted, and the scope for investments should be widened to address new rewarding sectors, said H.E. Mohammed Sharaf, Assistant Foreign Minister for Economic and Trade Affairs, UAE. H.E. Mohammed Sharaf was delivering a keynote address at the 'Economic Times India UAE Strategic Conclave 2017, organized under the patronage of His Highness Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Culture and Knowledge Development, in Dubai. The two-day event, attended by business leaders and senior government officials, kicked off giving a further fillip to the bilateral and business relations between the two countries. "There are direct economic gains to cover the strategic goal of safeguarding and boosting both countries' status as major trade hubs and key gateways to regional and international markets. The significant economic interconnectivity in quantitative figures to emphasise on the alignment of the UAE's and Indian economic interests, and to stress that the prosperity of one country's economy will yield flourishing trade and investment flows to the other," H.E. Mohammed Sharaf added. He reiterated the interconnectivity of the UAE and the Indian economies is evidenced by the $35.8 non-oil trade and $6.9 billion oil trade in 2016. With this volume of bilateral trade, India remains as the second top market for UAE's oil and non-oil exports, while the UAE represents the second biggest market for Indian goods worldwide. The maritime sector, which includes ports, shipping and blue economy, is one example of the not fully realized potentials that can be targeted by UAE-India bilateral initiatives, he added. He highlighted the visit of HH Sheikh Mohammed Bin Zayed Al Nahyan to India at the beginning of this year, and the inauguration of the comprehensive strategic partnership between the UAE and India, exemplify a major milestone that aims to take the already strong relationship between our countries to a higher altitude. The distinguished relationship between the UAE and India is the result of the insightful vision of both countries' leaderships, and following accumulative efforts demonstrated by the public and private sectors in our countries. The strategic partnership will build upon a concrete economic base to unlock the potential of enhanced cooperation and materialize all possible synergies in existing and new sectors. The alignment of economic interests, in addition to close political, security, and cultural ties are vital motivators and enablers to materialize our leaderships' aspirations for an effective and fruitful strategic partnership. While speaking at the Conclave, HE Vipul, Consul-General of India in Dubai, said, "This is the continuation of the relationship founded on the success of the two countries continued commitment to boost mutual bilateral ties. The bilateral, trade and strategic relation between the UAE and India is expected to grow significantly in the coming years. India is looking for a significant amount of investment from the UAE that will help substantially augment the trade and investment relations between the countries. The economic ties between India and the UAE dates back hundreds of years and we are proud of the two countries' sustained efforts to strengthen this relationship further." Commenting on successful start of the Conclave, Mr. Deepak Lamba, President of Times Strategic Solutions, said, "The Economic Times India UAE Strategic Conclave 2017 has been conceptualised as a platform to promote mutual understanding and cooperation between policy and business leaders of the two countries. We are happy to bring all these leaders together at the Conclave aimed at exploring the potential of bilateral and business ties between India and the UAE." "The Conclave includes focused sessions on some key areas of mutual interest and cooperation between the two countries. As we have witnessed today, the Conclave will discuss challenges and opportunities concerning investments in both the countries,"he added. Being held in Dubai on September 27 and 28, The Economic Times India UAE Strategic Conclave 2017 will strengthen the bilateral trade and investment ties between India and the UAE as top policy makers and industry leaders from both countries congregate at the Conclave. The Conclave includes a variety of panel discussions and sessions aimed at addressing the policy framework and guidelines needed to attract investors, sovereign wealth funds, large corporate houses and industries. The two-day Conclave will focus on areas that should be tapped for growth. This includes matters of defence, energy, security and maritime trade, among other issues. Another significant pillar of India-UAE ties that will be discussed is the geopolitical and economic impact of strong India-UAE relations on the Asian region. Given the current state of flux in West Asia, both countries can be critical drivers to maintain peace and stability in the region. The Conclave will also announce the launch of the second edition of the Economic Times Best Asian Healthcare Brands coffee table book in India.