‘Sustaining India’s Growth through Innovation[/b]’
“Coming together is a beginning. Keeping together is progress. Working together is success”.
The above saying rightly encompasses the essence of what Samanvay is. True to its spirit, Samanvay – the Annual Corporate Symposium of Jamnalal Bajaj Institute of Management Studies (JBIMS) is a platform for the confluence of a plethora of knowledge and the keen desire to acquire it.
The hallmark of an education at JBIMS is the facilitation of this confluence through interactions with thought leaders on a regular basis. This is the grindstone on which the finest of business minds are polished, with the students being engaged, challenged and inspired by stalwarts of business and oracles of the industry. Samanvay is one such occasion for student-corporate interaction which provides the much needed insights and experience deemed essential to face corporate realities.
Samanvay’11 continued with the legacy of hosting stalwarts of the industry by inviting Mr. Robin Banerjee, Group CFO, Suzlon Energy Limited and Dr. Sayee Srinivasan, Head of Product Strategy at the Bombay Stock Exchange (BSE), to share their views at the symposium.
The theme this year for Samanvay was “Sustaining India’s Growth through Innovation”. The theme perfectly reflected the need for India to maintain and further its growth as one of the fastest growing economies in the world in a difficult economic global climate and the role that Innovation can play in it.
The symposium was flagged off by Mr. Robin Banerjee, who in addition to being the Group CFO for Suzlon Energy Limited, has also held senior positions with Unilever, ArcelorMittal Group, Thomas Cook and Essar Steel. He has also written several books on indirect taxation and has been involved in several educational and management institutions as a Member of the Board or on governing councils, including being an elected Member of the Board at the International School of Düsseldorf, in Germany.
Mr. Banerjee began by discussing the current complex global scenario in which we live. He explained how India has become integrated with the world and how it cannot remain untouched by the global political and economic turmoil. Mr. Banerjee then gave an overview of how the current global scenario has come to be, by explaining the origins and evolution of the recession caused in the USA due to the housing bubble and went on to describe the global repercussions of the same. He also explained the reasons behind the current economic turmoil in Europe and the effect that it is having on the Indian Economy. He explained all the above complex economic situations with such clarity and simplicity, that he had the audience rapt in attention.
Mr. Banerjee then elaborated on the growth of the Indian Economy and the importance for India to focus on increasing its exports. He stressed on the need for Innovation in India, with the focus on the introduction of Innovation in three major fields: Infrastructure, Legal system and Corporate Governance. Citing an example, he illustrated how Infosys was an excellent example of success through Innovation. Mr. Banerjee concluded this discussion by stating that ‘Innovation need not be a new invention or a paramount change, and that even a small improvement in the current system can be an Innovation’.
The other luminary who graced Samanvay’11 to share his words of wisdom was Dr. Sayee Srinivasan. He is the Head of Product Strategy at the Bombay Stock Exchange (BSE). He has also worked with the Chicago Mercantile Exchange (CME) Group and at the National Stock Exchange of India. Dr. Srinivasan has also worked at OptiMark Technologies in the US.
Dr. Srinivasan started by discussing how India today is a globally connected nation, especially in the financial domain. He stressed on the need for companies to raise capital from the financial markets for their growth. He spoke of the current liquidity crunch in the cash market and related it to concepts such as Security Transaction Tax and growth of the Futures and Options market. Dr. Srinivasan, then, commended the regulatory regime in India for helping it navigate the 2008 financial crisis. He also highlighted the need for financial innovations in the securities market and spoke about the initiatives taken up by SEBI and the Government of India in launching an exchange focused on SMEs, as an example of innovation. Dr. Srinivasan then answered all the queries that were raised by the students.
The discussions with both the luminaries were engaging and interactive and of immense value to the managers of tomorrow, who were present in large numbers to eagerly imbibe all the knowledge and experiences that the corporate stalwarts had to share. All of this made Samanvay ’11 a very memorable event which will surely be cherished by everyone for a long time to come.
“Coming together is a beginning. Keeping together is progress. Working together is success”.
The above saying rightly encompasses the essence of what Samanvay is. True to its spirit, Samanvay – the Annual Corporate Symposium of Jamnalal Bajaj Institute of Management Studies (JBIMS) is a platform for the confluence of a plethora of knowledge and the keen desire to acquire it.
The hallmark of an education at JBIMS is the facilitation of this confluence through interactions with thought leaders on a regular basis. This is the grindstone on which the finest of business minds are polished, with the students being engaged, challenged and inspired by stalwarts of business and oracles of the industry. Samanvay is one such occasion for student-corporate interaction which provides the much needed insights and experience deemed essential to face corporate realities.
Samanvay’11 continued with the legacy of hosting stalwarts of the industry by inviting Mr. Robin Banerjee, Group CFO, Suzlon Energy Limited and Dr. Sayee Srinivasan, Head of Product Strategy at the Bombay Stock Exchange (BSE), to share their views at the symposium.
The theme this year for Samanvay was “Sustaining India’s Growth through Innovation”. The theme perfectly reflected the need for India to maintain and further its growth as one of the fastest growing economies in the world in a difficult economic global climate and the role that Innovation can play in it.
The symposium was flagged off by Mr. Robin Banerjee, who in addition to being the Group CFO for Suzlon Energy Limited, has also held senior positions with Unilever, ArcelorMittal Group, Thomas Cook and Essar Steel. He has also written several books on indirect taxation and has been involved in several educational and management institutions as a Member of the Board or on governing councils, including being an elected Member of the Board at the International School of Düsseldorf, in Germany.
Mr. Banerjee began by discussing the current complex global scenario in which we live. He explained how India has become integrated with the world and how it cannot remain untouched by the global political and economic turmoil. Mr. Banerjee then gave an overview of how the current global scenario has come to be, by explaining the origins and evolution of the recession caused in the USA due to the housing bubble and went on to describe the global repercussions of the same. He also explained the reasons behind the current economic turmoil in Europe and the effect that it is having on the Indian Economy. He explained all the above complex economic situations with such clarity and simplicity, that he had the audience rapt in attention.
Mr. Banerjee then elaborated on the growth of the Indian Economy and the importance for India to focus on increasing its exports. He stressed on the need for Innovation in India, with the focus on the introduction of Innovation in three major fields: Infrastructure, Legal system and Corporate Governance. Citing an example, he illustrated how Infosys was an excellent example of success through Innovation. Mr. Banerjee concluded this discussion by stating that ‘Innovation need not be a new invention or a paramount change, and that even a small improvement in the current system can be an Innovation’.
The other luminary who graced Samanvay’11 to share his words of wisdom was Dr. Sayee Srinivasan. He is the Head of Product Strategy at the Bombay Stock Exchange (BSE). He has also worked with the Chicago Mercantile Exchange (CME) Group and at the National Stock Exchange of India. Dr. Srinivasan has also worked at OptiMark Technologies in the US.
Dr. Srinivasan started by discussing how India today is a globally connected nation, especially in the financial domain. He stressed on the need for companies to raise capital from the financial markets for their growth. He spoke of the current liquidity crunch in the cash market and related it to concepts such as Security Transaction Tax and growth of the Futures and Options market. Dr. Srinivasan, then, commended the regulatory regime in India for helping it navigate the 2008 financial crisis. He also highlighted the need for financial innovations in the securities market and spoke about the initiatives taken up by SEBI and the Government of India in launching an exchange focused on SMEs, as an example of innovation. Dr. Srinivasan then answered all the queries that were raised by the students.
The discussions with both the luminaries were engaging and interactive and of immense value to the managers of tomorrow, who were present in large numbers to eagerly imbibe all the knowledge and experiences that the corporate stalwarts had to share. All of this made Samanvay ’11 a very memorable event which will surely be cherished by everyone for a long time to come.