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Sapience 2014 - Annual Management Conclave

Great Lakes Institute of Management hosted its Annual Management Conclave ‘Sapience - 2014’ at India International Centre, New Delhi on October 29th 2014. The Conclave was graced by the presence of Mr. Pramod Bhasin, Non-Executive Chairman, Genpact, as the Keynote Speaker. The theme of the conclave was “Riding the winds of change- Resurrecting the India growth story. The Conclave witnessed 19 distinguished industry leaders participating in panel discussions on four key areas that could drive growth in the current scenario.

Mr. PRAMOD BHASIN: “RESSURECTING THE INDIA GROWTH STORY”

Mr. Pramod Bhasin delivered the key note address on the theme “Resurrecting the India growth story.” Mr. Bhasin mentioned that given the current scenario, he found the theme of the conclave very exciting. He also felt the level of change India is undergoing is so profound that it couldn’t be replicated anywhere else in the world. Further, Mr. Bhasin noted that India has more opportunities than any other country and in order to make the best of the available opportunities, the companies must learn to adapt to changes, be willing to take risks, understand the values of culture and recognize the importance of team work. Mr. Bhasin also encouraged hiring as according to him it’s imperative for organizations to hire well in order for the business to grow. “The candidates should be employed on the basis of key elements like being ambitious, adventurous, having crisis management skills and most essentially should be a good team player”, said Mr. Bhasin while delivering the key note.

Followed by the keynote address were panel discussions by industry leaders on the four possible growth drivers for the Indian economy – IT Services, Internet Economy, Natural Gas and Renewable Energy. Each panel discussion had 4-5 senior industry participants with one of them moderating the panel and each panel discussion was preceded by a presentation by a Great Lakes Gurgaon student to create a background of the discussion with the review of the state of the art.

PANEL DISCUSSION: IT SERVICES – MOVING UP THE VALUE CHAIN TO ACCELERATE THE GROWTH

The panel comprised of Mr. Tanmoy Chakrabarty, Vice President & Global Head - Government Industry Solutions Unit (ISU), TCS, Mr. Harish Kumar Sharma, Vice President – Travel, Transportation & Logistics Vertical, Tech Mahindra, Mr. Bharat Ravuri, Managing Director, Markit and Mr. Krishnan Chatterjee, Senior Vice President & Head of Strategic Marketing, HCL Technologies.

The panel discussed that as far as IT services are concerned, this is the time of ample opportunities yet industry would need to make strides and adapt quickly with agility in order to scale up to keep up with the expectations. Further, the panel added that this is an age of rapid changes where the technology gets outdated long before its even established and implemented and trends are erroneous. Therefore, the focus should be on developing the talent that is equipped with knowledge and is trained to adapt with the ever changing IT services Industry. The panel was of opinion that we are in the age where the industry would like to call itself as IT Business Solution providers and that is the mind-set that we should focus on.

PANEL DISCUSSION: INTERNET ECONOMY – MOBILE PLATFORM DRIVEN CONSUMPTION GRWOTH

The panel comprised of Mr. Ankur Warikoo, Head, Groupon APAC Emerging Countries, Mr. Satyajeet Singh, Vice President - Products, Zomato, Mr. Vineet Baid, Director - Operations & IT, Jabong , Mr. Vivek Jain, Chief Product Officer, Naukri.com and Ms. Upasana Taku, Co-founder, MobiKwik.

The panel discussed about how mobile is changing the businesses especially in the E-commerce industry and how larger conversions have been observed from mobile devices as compared to the desktop. The panel was of the opinion that the mobile web is continuously evolving and supporting multiple platforms which are crucial to business. Further they added that there has been a significant migration of consumer traffic from mobile web to mobile apps. Mobile Apps have been successful because of three major reasons: Internet speed & 3G penetration, Camera and GPS technologies available in almost all mobile devices in recent times, discussed the panel.

PANEL DISCUSSION: NATURAL GAS –CHALLENGES FOR LARGER SHARE IN THE ENERGY MIX

The panel comprised of Mr. I S Rao, ED - Gas business, BPCL, Mr. Karunakaran Hari, Head - Commercial, CAIRN, Mr. Ravishankar Sundaresan, Director, Metis Energy Consulting, Dr. S Nand, Deputy, Director General, Fertiliser Association of India and Mr. Boben Anto, Executive Director – Plant Services, Steag Energy Services (India) Pvt. Ltd

The third panel discussion on Natural Gas – challenges for larger share in the energy mix focused on the policy interventions and investments required to increase the share of gas as a cleaner fuel to drive long-term sustainable growth of the economy.

PANEL DISCUSSION: RENEWABLE ENERGY – REAPING INDIA’S CLIMATE DIVIDEND

The panel comprised of Dr. Jami Hossain, Technical Chair, World wind Association, President - Northern Regional Council, Indian Wind Power Association (IWPA) and Founder, Chief Mentor & Director, Windforce Management Services Pvt Ltd (An IDFC investee co.), Mr. Ajay Bhardwaj, COO & Business Head, Sterlite Grid Ltd (part of Vedanta Group), Mr. Mahesh Vipradas, Head - Regulatory Affairs, Suzlon Energy Ltd, Mr. Rakesh Jha, Associate Director, Meghraj Capital Advisors and Mr. Manik Jolly, Consultant - Energy Access - Rural Micro Grids, The World Bank were part of the panel.

The last panel discussion on Renewable Energy – reaping India’s climate dividend discussed the challenges faced in the renewable energy sector and suggestions on a way forward to make this viable. The session concentrated on the certain policy interventions that have been announced by the new government like restoration of accelerated depreciation for wind power producers. The panel was of opinion that the high cost of financing this capital intensive sector was a major challenge and posed a hindrance for achieving grid parity. However, since India is hopeful of getting around USD 1 Billion investment in this sector, it will go a long way in alleviating the financing problems faced by the sector.

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