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Slated to be the 3rd largest economy by 2030, India possesses an abundance of opportunities to sustain, nurture and propagate two way flows of business and economic relations with the world. As a global investment destination of choice, India has emerged as an economic power of reckoning. However, in this macroeconomic scenario the country continues to face considerable challenges and barriers. Launched in January 2015, The Economic Times Global Business is the flagship initiative of the 175 year old Times Group. This landmark event endeavors to provide solutions to key macroeconomic challenges being faced across the globe and puts forth a blueprint for sustainable, inclusive economic growth. In a short span of 4 years, The Economic Times Global Business Summit has ascended to the position of the de facto arena for top CEOs, government officials, state heads, world influencers and the global elite to converge and deliberate on thought provoking issues relevant to scripting economic change. The intellectual heft, exchange of cutting-edge ideas and diversity that speakers bring to the Global Business Summit helps business leaders make sense of a complicated world to find actionable solutions to problems. The UK edition of this Summit, 'The Economic Times India-UK Strategic Conclave', focuses the theme 'New Economy, New Rules' and is scheduled to be held on September 11th in London, thus taking this highly sought-after platform onto the global arena and championing the cause of global economic integration. India and the United Kingdom have been close allies for a long time. The bilateral relationship between the two countries were upgraded to a strategic partnership in 2004, and were further strengthened by former PM David Cameron's visit to India in 2010 and 2013, and PM Modi's visit in 2018. Trade relations between the two countries have continued to flourish, with the recent visit of the PM Theresa May in November 2017 resulting in bilateral trade between India and the UK standing at $14 billion in FY16. Furthermore, UK's share in India's global trade has gone up from 1.89% in FY15 to 2.18% in FY16. The event will witness government and industry leaders take to the stage to speak and share their perspectives on issues of international significance. Some of our noteworthy speakers include Abhiraj Bhal, Co-Founder, UrbanClap Baroness Sandip Verma, Member, House of Lords, Ex - Parliamentary Under-Secretary of State for International Development, UK Bhavish Aggarwal, Co-Founder, Ola Cabs Gopichand P. Hinduja, Co-Chairman of Hinduja Group His Excellency Mr. Y.K. Sinha, High Commissioner of India to United Kingdom Lord Jitesh Gadhia, Parliamentarian, House of Lords Lord Bilimoria CBE DL - Founder, Cobra Beer and Chairman, Cobra Beer Partnership Madhur Deora, Chief Financial Officer, Paytm Manasi Kirloskar, ED, Kirloskar Systems Meghnad Desai, Emeritus Professor of Economics at the London School of Economics and Member, House of Lords Rana Kapoor, MD & CEO, Yes Bank Swapan Dasgupta, Member of Parliament and Presidential Nominee to the Rajya Sabha Vijay Goel, Founder, Indo-European Business Forum (IEBF) Neeraj Kanwar, Vice Chairman & Managing Director, Apollo Tyres Siddharth Lal, CEO, Eicher Motors Vindi Banga - Partner, Clayton Dubilier & Rice; Senior Independent Director on the Boards of GlaxoSmithKline Plc and Marks & Spencer Plc; Chairman, Marie Curie; Chairman, Kalle GmbH Speaking ahead of the event, Deepak Lamba, President, Times Strategic Solutions said, "In our increasingly connected world, the futures of economies are becoming more inter-dependent than ever before. Thus the ripple effect of events such as Brexit and fears of protectionism in developed economies can be felt in the furthest corner of the globe. We thus stand at a crossroad, with Brexit potentially creating unique opportunities for a 'win-win' situation, and it is thus imperative that India and the UK collectively work towards creating a brighter, more prosperous future for all as leaders of the world economy." The Economic Times India-UK Strategic Conclave will also witness the unveiling of the exclusive 'The Economic Times Game Changers of India' coffee table book. This book is as much about people as it is about the seminal ideas of our age. A few movers and shakers have not only shaped our present, but also determined the future course of action for us all. The ripple effects of the change initiated by these leaders have been felt within and beyond their respective fields. The Economic Times Game Changers of India coffee table book will chronicle the success stories of these leaders and will be launched at the India - UK Strategic Conclave. With some of the world's foremost business, government and though leaders calling it home, The Economic Times India-UK Strategic Conclave is poised to script a new chapter of economic change that will chart fresh growth paradigms for us all.
Lending an impetus to financial inclusion A recent report by BCG indicates that over the next five years, digital lending is an unmissable 1 trillion-dollar opportunity. This has been spurred on by lending undergoing a massive transformation, especially in developing economies that are likely to become data rich before being economically rich. India has been leading the charge in this transformation with its government initiatives like Aadhaar, Bharat Bill Payment System, India Stack, GSTN, and consent architecture to create a data-rich footprint for citizens and reducing the operational cost for provisioning financial products. Furthermore, it has been projected that the APAC region's middle class will span more than 3.5 people. Concurrently, this will create a demand growth 1000 times larger than that of the industrial era, which will result in strong and sustained economic growth in these regions. Reimagining legacy systems In the history of lending, the lower middle-class population was always considered less creditworthy by lenders due to lack of data or credibility for majority of potential customers. This was primarily due to knowledge asymmetry and the presence of legacy systems in the market. Banks and NBFCs will need to move towards high volume, low value transactions to cater to massive new demand and stay relevant in the market. They will need to enable data-driven decisions, which cannot be orchestrated on physical mediums due to massive cost & time incurred. The current legacy systems used by lending institutions also fail to achieve processing efficiencies due to lack of transparency and absence of data in a structured format. Lending institutions using legacy systems will need to completely redesign every aspect of their business and technology stack to power this change. Unfortunately, with the rise of emerging fintechs, banks and NBFCs have limited time to accelerate their businesses. Lending institutions that can't support digital and algorithm-driven lending in this changing landscape are mostly going to become obsolete. How can banks and NBFCs change the game? Banks and NBFCs need a new-age lending system that is agile, scalable and secure. A new age lending system can provide them with the flexibility to customize and personalize loan products tailored to the specific needs of a wide range of customers, leveraging their (customers') digital footprints to enhance credit decisioning. Kuliza's flagship lending product, Lend.In, combines Digital Origination Suite comprising of Omnichannel Workflow Manager, Digital Experience Manager, Credit Engine and Integration broker with its Operational Intelligence Suite comprising of Cognitive Data Hub, Early Warning Systems, Lending Analytics etc. to provide end-to-end lending solutions to automate any given business process while having a significant impact on both top-line and bottom line of enterprises. Lend.in enables banks and NBFCs to achieve the following: • Build the entire loan journey in a matter of days. • Define the workflow parameters with ZERO knowledge of coding, saving loads of effort. • Omnichannel origination and interaction integrated across mediums. • 70+ pre-integrations to enable straight-through processing of loans and also accelerating speed to market. • Data-driven AI-powered Early Warning Systems & Credit Decisioning. Lend.In will act as a catalyst for lending institutions enable digital and data driven lending, and in the process prepare them to be the market leaders in the future. To learn more about Kuliza's flagship product Lend.In, visit www.getlend.in and for more information about Kuliza, visit www.kuliza.com
As India travels on a trajectory poised to become the third largest global economy by 2050, its infrastructure needs to be upgraded to meet modern-day demands. The quantum of this investment is staggering, India needs a financial injection of $1.5 trillion over the next decade to bridge the infrastructure gap and connect lakhs of villages and cities in a country-wide network. According to the Economic Survey 2017-18, India is poised to meet approximate $3.4 trillion of the estimated $4.9 trillion investment it needs by 2040 but building the India of tomorrow requires the collective effort of all stakeholders. With this in mind, the 6th edition of The ET Infra Focus Summit brings together luminaries and policymakers of the Infrastructure sector to discuss and formulate holistic solutions for key infrastructural challenges that lie ahead of us. The 6th edition of this landmark event focus on the transition towards futuristic and resilient Infrastructure and is scheduled to be held on September 27th, 2018 at New Delhi. Presiding over the proceedings are Chief Guests, Shri Mansukh L. Mandaviya, Honorble Minister for State for Road Transport & Highways, Shipping and Chemical & Fertilizers, Government of India and Shri Jayant Sinha, Honorable Minister of State for Civil Aviation, Government of India. They will hold fort on the means to bridge the infrastructure investment gap, delayed clearances, not so resilient PPP models, aviation, sustainable projects and international private financing. The event boasts a power-packed speaker line up, including Yudhvir Singh Malik, Secretary, Ministry of Road Transport and Highways Guruprasad Mohapatra, Chairman, Airports Authority of India Naveen Jindal, Chairman, Jindal Steel and Power Shailesh Pathak, Chief Executive Officer, L&T Infrastructure Development Projects Pravir Pandey, Chairman, Inland Waterways Authority of India M.K. Gupta, Chairman, Indian Railways Station Development Corporation & Member Engineering Railway Board Rajiv Mundhra, Chairman, Simplex Infrastructures Katsuo Matsumoto, Chief Representative, Japan International Cooperation Agency P. R. Swarup, Secretary & Director General, Construction Industry Development Council Sujoy Bose, Chief Executive officer, National Investment and Infrastructure Fund Anoop Kumar Agrawal, Managing Director, Indian Port Rail Corporation Karan Adani, Chief Executive Officer, Adani Ports Rohit Modi, Chief Executive Officer, Essel Infra & Smart Utilities, Essel Infra B.S. Saluja, Secretary General, The International Centre for Alternative Dispute Resolution Bipin Pradeep Kumar, Co-Founder & Director, Product Development, Gaia Smart Cities Geetu Singh, Partner, Forensic & Dispute Practice, PwC AK Sachan, Chief Administrative officer, Udhampur Srinagar Baramulla Rail Line (Chenab Railway Bridge) Alkesh Kumar Sharma, CEO & Managing Director, Delhi Mumbai Industrial Corridor Development Corporation Saibal De, Chief Executive Officer, IL&FS Maritime Infrastructure Company Limited P. S. Nair, Chief Executive Officer-Corporate, Airports Sector, GMR Group Supratim Sarkar, Executive VP and Group Head, Infrastructure, SBI Capital Markets M.K. Sinha, Managing Partner and Co-Head - India, Global Infrastructure Partners India LLP T.N. Arun Kumar, Executive Director, CARE Ratings Satish Mandhana, Managing Director and Head of Investments, Ever-source Capital Ramesh Nair, Chief Executive Officer & Country Head, India, JLL Manish Aggarwal, Partner and Head, Corporate Finance - Infrastructure and Government Services, Head - Energy and Natural Resources, KPMG India Panel discussions will encompass relevant issues such as re-branding and redefining India through new age infrastructure projects, and scrutinizing the complex nature of arbitration's in the sector. It will also witness deliberations on digital infrastructure, infrastructure funding, energy infrastructure besides other topics critical to the sector. Speaking ahead of the occasion, Deepak Lamba, President, Times Strategic Solutions, noted that the rapid pace of infrastructural development is an unstoppable global phenomenon. Given that India is the fastest growing major economy and the harbinger of global economic growth, it is vital that key stakeholders across the nation work together to create sustainable solutions that allow us to deliver intelligent, efficient infrastructure that enable and empower all to build the India of tomorrow. Good infrastructure is the foundation for future growth, and the Economic Times Infra Focus Summit aims to take on a leadership position in driving this. With five successful years under its belt, the 6th edition of The Economic Times Infra Focus Summit ups the ante in the Infrastructure space, highlighting the need to create intelligent, sustainable solutions and increase the quality and efficiency of our infrastructure. 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, round-tables and case studies. For more details contact Shrivalli Kunder on 022 62337596 / email@example.com
Mumbai, June 29th 2018: The 2nd edition of The Economic Times Iconic Brands 2018, an endeavor to recognize successful brands of Indian origin, was held at a glittering soiree in Mumbai. The event brought together the most iconic brands that have gained traction not just in India but also globally for their track record of excellence, in the process carving out a distinct identity that resonated with audiences. In recognition of their achievements, Chief Guest Babul Supriyo, Minister of State for Heavy Industries and Public Enterprises, Government of India, felicitated the eminent nominees. The evening also saw reputed personalities like Kajol, Jackie Shroff, Subhash Ghai and Karnam Malleshwari being awarded for attaining iconicity in their respective professions. The brands felicitated included Lakme, Reliance Industries (Textile Division), JK Tyre & Industries, HIL, Kent RO, Indian Oil Corporation, Sify technologies, Mahindra Powerol, Muthoot Pappachan Group, GIC Re, MEP Infrastructure Developers, Dr. Batra's Healthcare and DHFL to name a few. Lending gravitas to the event was a stellar speaker lineup, which included industry titans such as Paul Josy, Chairman, BBDO; Prahlad Kakkar, Genesis; Sadashiv Nayak, CEO, Big Bazaar; Bianca Ghose, Chief Storyteller, Wipro; Mansoor Ali, Chief Sales & Marketing Officer, Hamdard; Kapil Pillai, Head Marketing, Godrej Consumer Products; Elizabeth Venkataraman, Executive Vice President, Consumer Business, Kotak Mahindra Bank; Naveen Gaur, Chief Operating Officer, Lowe Lintas; and Elsie Nanji, Former Managing Partner, Red Lion. Karnam Maleshwari, India's first Olympian and receiver of Rajiv Gandhi Khel Ratna and Padma Shri Award said, "Our country is progressing, and I am working with the government to set up training centers for women wrestlers to make sure that there are more Maleshwari's that are recognized all over the world." Legendary Director, Subhash Ghai share that he , "Felt humbled at The Economic Times Iconic Brands event", adding "but I don't feel iconic as I still think I still am a student of cinema and life itself. There's still lots to learn and to inspire the next generation to be a NeW Man of the 21st century." The Chief Guest of the evening, Shri Babul Supriyo expressed his gratitude and said, "The ET Iconic Brands is a groundbreaking event through which we can place Indian brand achievements in the cynosure of the global view." Talking about his involvement in India's development, he added, "It is a great experience for me to be a part of the Central Government under the leadership of our respected Prime Minister trying to push the make in India initiative & Im glad that we are doing pretty well in terms of foreign direct investments of $5000 cr. that has been touched in April 18'. We are encouraging people to make things in India. If it can be done in China and other parts of the world, then why not in India. By doing so, we can provide employment to a population of 130 billion." Kajol said, "We are a vast country and I'm elated to be chosen as an Iconic queen. To stay true to myself is a pressure which is self-inflicted in me and the opinions of what others have to say has never made a change in my choices and the kind of work I want my audience to see me doing." Also sharing a word of appreciation, Jackie Shroff, Style icon of Bollywood said, "Getting an award from a high profile newspaper is a great honor. Respect people and take good care of yourself and that will always keep you one of the style icons. Keep your immunity strong and don't get pulled down by gravity." The occasion was also marked by the launch of the 2nd Edition of The Economic Times Iconic Brands 2018 coffee table book, which features successful brand stories and outlines the DNA of these legendary brands, taking a deep dive into what has made these brands stand out and what they are doing as an ongoing process to live up to their iconic status. To know more, visit: www.et-iconicbrands.com 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, round-tables and case studies.
New Delhi, June 2018: The Economic Times Doctors Day Conclave, 2018 brought some of the finest healthcare professionals under one roof and delved into issues affecting healthcare in India, the challenges faced by doctors, recent key initiatives taken by the government and what the future holds in terms of technological innovations. Chief Guest Smt. Anupriya Patel, Minister of State, Ministry of Health and Family Welfare, actor Tisca Chopra and Sunita Quadros, Business Head and Senior Vice President , Times Strategic Solutions felicitated distinguished doctors from across India representing the categories of: Gynecology, Diabetology, Gastroenterology, Cardiology, Neurology and Orthopedics. Six coffee table books were unveiled for each of these specializations. Special addressee, Sonu Nigam spoke about his personal experiences and appreciated the efforts of doctors Anupriya Patel, Minister of State, Ministry of Health and Family Welfare, said, "Providing primary healthcare to all and integrating the ecosystem in extending premium health care to those who can't afford it should be at the heart our future initiatives. We have initiated 'Ayushman Bharat Yojana' and 'Amrut Yojana' to bring down cases of non-communicable diseases, making sure that affordable care reaches even the most impoverished quarters of the country". Chief Guest Shri Ashwini Kumar Choubey, Minister of State for Health and Family Welfare, speaking on Healthcare in India said "Our country is very diverse and has a huge population of 100 crore plus people and this in itself is a challenge. Added to that the scale of non-communicable diseases in India ranging from diabetes to cancer makes it tougher, but the government is taking consolidated measures to ensure that these are gradually ironed out. In the last few years we have been able to check mothers' mortality rates and upgrade our healthcare system to cater to a huge proportion of our country. I believe that we will in the times to come add to the existing 1.5 lakh illness centers and transform them into wellness centers." Further adding, " The PM has envisioned to bring the population residing at the poverty line and below into a one-of-a-kind program which plans to ensure that 10.5 crore families are covered under the Ayushman Bharat, Pradhan Mantri Rashtriya Suraksha Yojana, by providing each family an insurance of Rs. 5 lakhs. Padmashri Dr. K.K. Aggarwal, Vishwa Hindi Samman, National Science Communication Awardee and Dr. B.C. Roy National Awardee, Immediate Past IMA President commented that, "India is the future and it is going to be a leader in healthcare. We need to focus on universal healthcare, in an environment of mass inclusion, where 100% of the population is medically insured, and the government is taking consolidated measures in ensuring that. We need to talk about pre-modal and primary prevention and stress on healthcare management vis-a-vis universal lifestyle management". Dr.Jaideep Malhotra, President FOGSI, said, "India needs an integrated approach to reach out to the many millions and train the various service segments attending to them. We need to take care of even the minute concerns of a patient especially in case of non-communicable diseases. The ecosystem has to combine its efforts and map the health facilities and sensitize them jointly at various levels at both rural and urban India." Dr. Mamta Jain, MD, Medwiz Healthcare Communications opined that, "We are at the cusp of great technological innovations which are going to spearhead the healthcare needs of the future. Be it diagnostics or organ replacements, technology will play a big role going ahead. Technological innovations are going to minimize the cost of medical services, making it more inclusive, accessible and impactful. Amit Bakshi, Chairman and Managing Director at Eris Life-sciences shared that, "We are glad to be associated with this great industry ice breaker, where we could bring under one roof all the concerned stakeholders of the industry together. The platform will immensely help consolidating the views and outlook of the industry as well as have the knowledge and expertise, prerequisite to influence and update national policies in favor of the many millions in our country". The evening wrapped up with a lively panel discussion on growing mistrust among patients, doctor-patient relationship and the way forward to deal with the future challenges in the medical field. 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, round-tables and case studies.
The Economic Times presents 4th edition of The Sales Strategy Summit 2018, co-powered by Mind Tickle, on 'Unlocking Minds' June 2018, Mumbai : India is poised to emerge as one of the largest economies of the world, the way customers buy and businesses sell is fast changing. As market conditions evolve and change rapidly, so too do consumer buying attitudes and behaviors. Today's buyers are more demanding, insisting on both off-the-shelf products and complex, customized solutions with different levels of sales support. Sales leaders and business owners in their struggle to adapt to fast-changing selling trends are facing a testing time trying to meet business objectives and remain profitable. CEOs and sales leaders face the urgency of meeting targets, a task made all the more complicated by globalization and customers' changing needs. The 4th edition of The ET Sales Strategy Summit will witness the gathering of some of the most successful sales leaders bringing innovation and collaboration across all industries to achieve increased revenue growth. Get access to 20+ Sales Analysis Sessions including panel discussions with MDs, CEOs and Sales Leaders unraveling sales strategies to deliver impact and value across a variety of business scenarios. Learn from industry leaders on diverse topics, such as optimizing sales channels with cost-effective methods, strategizing sales forecasting to cut costs, increase closing ratios and gain greater revenues. Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance Company, opines that Artificial Intelligence is a good enabler for process efficiencies. He says that, "For AI to have significant impact on sales it requires a lot of credible data on which it can effectively work. With rise in mobile penetration and data usage, there is significant improvement in the quality of data availability. As this improves further we shall see AI as a great enabler for business, particularly in the context of digital shift. It will help customers get recommendations based on their implied needs basis the data availability, which AI can do seamlessly. This would ensure presenting more targeted propositions to customers and also provide superior experience based on their preferred channel. Hence, AI is a catalyst which would grow business in the medium to long term, making both seller and customers more informed." Speaking ahead of the Summit, Deepak Lamba, President, Worldwide Media and CEO, Times Strategic Solutions, states that "Disruption is the new normal today, and this flux is not just true for products and services, but also the sales strategies and paradigms we knew as effective. As the market evolves rapidly, to fail to prepare the right sales strategy is to prepare to fail. The Economic Times Sales Strategy Summit arms attendees with the tools needed to pursue a trajectory of explosive growth, helping them stay ahead of the curve at all times." Key discussions includes Think like a Sales Leader & understand Design, Build, & Manage your Sales Plan Mapping your strategy High profile panelists at the Summit : Aditya Paranjpe, Head IOT, KloudQ Technologies Albert Almeida, COO, Non-Movies, BookMyShow Aslam Karmali, CEO, Sr. Vice President, Retail (India & International), Eureka Forbes Bharat Wakhlu, Resident Director, Tata Group Dinesh Aggarwal, Joint Managing Director, Anchor Electricals John Mattone, Former executive coach to the late Steve Jobs Krishna Depura, CEO, Co-founder, MindTickle Lalit Bhise, CEO, Co- Founder, Bizom Mani Rangarajan, Chief Business Officer, Housing.com Neeraj Bansal, CEO, DHL SmarTrucking Prahlad Kakkar, Brand Guru Prashant Bindal, CSO, LODHA Group Praveen Dalal, Head Sales (India) & Business Head(SAARC), Godrej Consumer Products Ranjeet Kumar, Applicate IT Sellina BOT Safdar Hussain, Head of AI, Abu Dhabi Commercial Bank Sashi Kumar, Head of Sales, India, Indeed.com Shaji Koshy, Senior Vice President, Royal Enfield Subrat Parda, CEO, CO-Founder, RaceTrack AI Sunil Jose, CEO, Country Head India, Salesforce Suresh Pillai, CEO, BrandIdea Analytics Vijay Udasi, Partner, Nielsen Vikas Agnihotri, Director Auto, BFSI, CPG, Telecom, Travel, Google Vikas Mittal, CEO, Magma HDI General Insurance Co. Yadvinder Singh Guleria, Senior VP, Sales & Marketing, Honda Motorcycle & Scooter India Yamini Bhat, CEO, Co-Founder, VYMO Yaquta Mandviwala, Partner, Bain & Company The ET Sales Strategy Summit 2018 is an ideal platform to meet like-minded C-suite leaders and decision makers who understand that disruption and innovation are the only way to not survive, but thrive in today's disruptive era. 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, round-tables and case studies.
"India is poised to be worth up to $10 trillion in the next 15 years" - Suresh Prabhu Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India struck a bullish note at The Economic Times Supply Chain Management & Logistics Summit 2018 as he outlined the challenges and imperatives for the next stage of the India growth story Often spoken of as the backbone of the economy, India's supply chain ecosystem is on the cusp of a wave of transformative growth thanks to a raft of regulatory and policy reforms that have been laid out. India thus stands at an inflection point in its history, with its logistics sector expected to reach a valuation of over $2 billion USD by 2019, and given the large potential that this sector has, there arises a need to understand challenges faced by the sector and the hurdles on the path to progress. The fifth edition of The Economic Times Supply Chain Management & Logistics Summit 2017 saw Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India, elucidate on steps taken by the government to give a fillip to the Supply Chain domain across the spectrum. Speaking at the event, he said, "Our economy is poised to grow up to $5 trillion in the next 7-8 years, and up to $10 trillion in the next 15 years. Logistics will play a key role in driving this growth, it has always been the backbone of the economy; it determines how fast an economy grows. So we are working on an economic plan to create logistic hubs and see how to more efficiently manage logistics. We are identifying hindrances and removing them. At the same time, we are trying to digitalise the entire supply chain. The idea is to prepare a proper integrated logistics plan." Ease of trade and doing business forms the fulcrum of the government's proposals to increase India's trade competitiveness, and this has direct relevance to the 'Make in India' campaign. There is thus a massive opportunity for the logistics industry to embark on a journey of transformative growth. Moreover, with implementation of policies such as GST and the investments being made into various aspects of logistics like physical infrastructure and technology, there lies a significant scope to create efficiency gains that can translate into better outcomes for all across business and society.
Scaling up the Supply Chain Ecosystem to further global economic growth The Economic Times & DHL presents the Supply Chain Management & Logistics Summit 2018, a landmark summit that outlines the challenges and imperatives for the next stage of the India growth story May, 2018, Mumbai: India's supply chain ecosystem has great potential for growth in coming years, since it is considered as a back bone of the economy owing to the huge dependency of others sectors. The Indian logistics sector is expected to reach over $2 billion dollar by 2019, and given the large potential that this sector has, there is a need to understand the challenges that the sector faces and remove bottlenecks to progress. Acting as an agent of change, the Economic Times constantly endeavors to address issues that are pivotal to national and global business and economic growth. The Economic Times & DHL Supply Chain Management & Logistics Summit 2018, scheduled on 8th June in New Delhi, will witness the coming together of stalwarts from Government and industry to discuss and deliberate on the potentiality of the present and future challenges faced within the supply chain ecosystem, in addition to scrutinizing the emergence of new business opportunities within the sector. The summit will discuss critical components of India's supply chain and logistics sector, with the deliberations highlighting policy lacunas, impact of E-way bill, requirement for a robust SCM ecosystem, compliances, port connectivity and last mile solutions. High-powered panelists will also examine the need for reforms for creating a hassle-free dynamic supply and demand environment, latest trends in the sector, technology & digitization, financing and rail-road connectivity, besides chalking out best practices. Suresh Prabhu, Hon'ble Minister of Commerce & Industry and Civil Aviation, Government of India, is the Chief Guest at the Summit and will share his views on the leadership approach to building a smart & versatile supply chain highway for the vibrant Indian economy. Artificial Intelligence, IoT will be the key driver going in years to come, bringing a lot of value and generating improved customer satisfaction. Sanjay Mukherjee, Senior Director, Supply Chain Management, Whirlpool believes that the expectations of the Indian customers are changing very rapidly. Younger generations are much more technologically savvy and to keep pace organizations will have to change accordingly. However, these technologies have to be much more affordable to increase usage across organizations. Samir Chaturvedi, Head of Supply Chain, Patanjali Ayurved emphasizes that as far as technology in India is concerned, we are on the first lap of a marathon but are sure to catch up fast, as technology costs become competitive, and we are already witnessing outbreak situations where we have started leveraging tech to bring in efficiencies across the value chain. Samir further points out that technology usage in supply chain is continuously increasing. It has emerged that in some areas technology is extensively being used, e.g., tracking of consignments - be it primary transportation or last mile delivery. WMS which used to be optional sometimes back, is almost a necessity now. High profile panellists at the Summit include Kelvin Leung, AP CEO, DGF Acharya Balkrishna, MD & CEO, Patanjali Ayurved Shyam Jaju, National Vice President & State-in-Charge (Uttarakhand), Bharatiya Janata Party L. Satya Srinivas JS (Customs), Central Board of Excise and Customs Amit Dawar, Director Value Added Services, DGF Shridhar Kulkarni, Senior Director (Logistics, Distribution and Transportation) India Region, PepsiCo Manish R Sharma, Partner, PwC Vikas Anand, IN MD DSC Krishan K. Batra, President & CEO, Institute for Supply Management, India Rajesh Kumar, Head - Presales, Logistics Practice, Ramco Systems, Ramco Systems Rajesh Bajaj, Head Supply Chain, ANTPL - KFC Deepak Malkani, Partner, PwC Pinak Kulkarni, Supply Chain Coach, Consultant & Trainer Sandeep Juneja, IN VP DHLE Amit Bagaria, Vice President - Paytm Mall Dr. Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India Kamal Kishor Gupta, Director Supply Chain -Regulatory, Delhivery The advent of game-changing reforms sees the supply chain industry stand at cross-roads. By bringing together industry leaders, the focus of the summit is to push past traditional boundaries, drive innovation, and uncover new sources of value for today's enterprises, thus helping businesses achieve future successes and script new growth stories. 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.
Rethinking Security Most organizations have likely already experienced a data breach involving network-connected printers - whether they know it or not Digitization has changed the face of business and society as we know it, infusing a level of dynamism as never seen before. However, the conveniences born of digitization are in reality a double edged sword. A spate of recent incidents across the globe, such as ransomware and swift attacks, have drawn attention to information security risks associated with electronic and digital financial transactions, and organizations are now increasingly focusing on recovering from cyber breaches that threaten to undermine organizational cybersecurity. Cybercrime, internal breaches, compliance infringement and more can hurt your business. Expensive fines and lawsuits are just one part of the equation to worry about, for a security breach can result in damaged reputation, revenue losses and leaks of lucrative proprietary data that could hurt businesses where it hurts most. As cyber-attacks spring forth from all corners of the web, it's easier than ever for businesses to be vulnerable in a game of tag where they're suddenly and unknowingly tagged "it". Fraud, phishing, malware, adware, spam, blended threats and DoS attacks are just of the attacks organizations guard against watchfully. But hitherto innocuous endpoint devices such as printers are not recognized as a large enough threat. Due to the growing sophistication and perseverance of cybercriminals, network firewalls are proving to be insufficient security measures. Organisations need to fortify their endpoints behind the firewall, including network printers, against the persistent threats of ransomware and newer, more malicious forms of malware. Enterprise-level multifunction printers (MFPs) can be complicated creatures, boasting more than 250 security settings. This calls for specialized knowledge for keeping devices, data, and documents secure across the fleet, which can be a time-consuming affair. Unfortunately, that printer sitting in the corner of your office is a silent, prime target for attackers to leapfrog into a private network and wreak havoc. The numbers bear it out too; just 16% of respondents think printers are at high risk for a security threat/breach, according to a Spiceworks survey. The truth of the matter remains that whether known or not, the ubiquitous printer is fast acquiring the dubious distinction of being the unwitting mule ferrying attackers into your backyard. The Economic Times CIO Roundtable powered by HP, held at Mumbai, Bangalore and Delhi, saw approx. 60 CIOs deliberate with security experts from KPMG as they sought to unravel solutions to this oft-ignored security issue. The CIOs moved from one set of challengers to another, as they converged to catch all the cricketing action at the Wankhede Stadium, Mumbai; M. Chinnaswamy stadium, Bangalore and Feroz Shah Kolta, New Delhi in India's favorite cricket carnival. HP Secure Managed Print Services (MPS) manage security so you can focus on your core business. You can count on HP Secure MPS to help assess your risks, secure and manage your fleet, maintain printer security compliance, and keep everything up to date with the latest protections through printers that are self-healing and cyber-resilient. HP has taken the lead to provide technologies and services that reduce the burden on IT while improving security across your print environment. HP print security offers real-time threat detection, automated monitoring, run-time intrusion detection, self-healing through HP Sure Start and built-in software validation, comprehensively infusing security into every aspect of HP Managed Print Services, which makes it the ultimate one-stop destination for printer security. India's blossoming IT industry is hugely dependent on the symbiotic relationship between hardware and the internet, which makes staying secure against cyber-attacks a monumental task. Existing organizational infrastructure is deceptively susceptible to espionage, cybercrime, and systemic digital assaults attacks. With so much at stake, it's a no-brainer to secure critical installations before they're exploited. 81% of companies say security is an important or very important driver to move to managed print services 61% of organisations reported at least a single print-related data breach in the past year 43% of companies ignore printers in their endpoint security practices
March 10th 2018, Mumbai: The first edition of The Economic Times Hospital Stretegic Management Summit 2018 held at The Lalit brought together government officials, healthcare industry leaders, analysts & service providers under one roof to focus on delivering innovative and world-class hospital planning. While healthcare systems and hospitals are faced with increasing pressure to find operating efficiencies in a time where traditional cost-cutting methodologies are producing diminishing returns, it is imperative to create sustainable healthcare funding mechanism. The event convened with a panel discussion on the procurement/supply chain heads of hospitals brainstorming on the latest challenges like GST, bottom-line revival, government policies, vendor management and the future trends that will shape hospital procurement. In the spotlight session, Varsha Kaushal, Deputy Director Materials, P. D. Hinduja Hopsital & Medical Research Centere said, "There is a need to shift the focus from hardcore procurement to utilization management". Sharing his views on the subject matter, Dr. (Col.) VMP Thomas, AVP - Operations & Projects, Dr. L.H. Hiranandani Hospital said, "We have to look at our vendors as partners which goes beyond providing periodic feedback. We must include them as stakeholders in the provision of healthcare". Talking about the summit, Deepak Lamba, President - Times Strategic Solutions, said, "Despite its impressive growth, the Indian Healthcare industry has been inconsistent. While we have world-class hospitals, state-of-the-art technologies, highly qualified doctors and health care professionals attracting patients from all over the world, the average Indian patient faces high prices, inadequate access, and inconsistent quality. We at the Economic Times believe that this summit will help provide a strategic path ahead for the healthcare sector." In a session that laid emphasis on fututre trends in healthcare, speakers like K Ganesh, Chairman, Portea Medical; Dr. P M Bhujang, President, Association of Hospitals and Dr. Aniruddha Chimote, Director, HosConnn Consulting Service discussed that consumers today are more demanding than ever. Not only do they want to be in control, they also want options tailored specifically to their needs and something that fits their budget. Hence for the betterment of the overall healthcare it is important to focus on personalized data, real-time information and blockchain technology that is better for patient outcomes. It democratizes health and creates greater efficiencies and scalability, thus influencing purchasing decisions in respect to healthcare. It is a catalyst for strategic planning, policy positioning and opportunity identification. In a panel comprising of the head honchos of the hospital industry discussing and mapping immediate tools and strategies to improve excellence, quality healthcare, customer service and patient engagement in hospitals, Dr Pallavi Jain Govil, Commissioner, Department of Health services, Government of Madhya Pradesh, said, "In the public health sphere we find that transparency has improved due to the robust technology. Technology helps but there is careful need in choosing the correct technology." In the last panel discussion based on Hospital trends, budget 2018 and beyond Randeep Guleria, Director, AIIMS said, "Medicine is a social sector rather than a cost effective service sector. There is a need to provide proper care to the citizens of India no matter what the social status is. The solution to this is the merger of the public and the private sector making it cost effective for the payers and profitable for the stake holders at the same time." Others who gave their valued inputs were Dr Jitendar Sharma, MD & CEO, Andhra Pradesh MedTech Zone, Government Of Andhra Pradesh, Dr B S Ajai Kumar, Chairman & CEO, Healthcare Global Enterprises and Dr Harish Pillai, CEO, Aster Medcity & Cluster head(Kerala & Hyderabad), Aster DM Healthcare, amongst others. The day concluded with a felicitation ceremony and an enlightening address by the chief guest Dr. Deepak Sawant, Hon'ble Minister of Health, Govt. of Maharashtra, who said, " The concept of smart hospitals is essential for the current scenario." Considering the role of technology in healthcare, he said, "IT & healthcare goes hand in hand hence we must go for tele-medicine since we are short of doctors. Correct use of technology can improve patient doctor relationships and can help reduce the gap that can create issues." 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.