“Downturn gives an entrepreneur an opportunity to invest in an undervalued asset.”Day 2 at IIM-R Management Conclave

CoolAvenues Newswire | October 07,2013 10:36 am IST

The second day of Mission India: Management Conclave 2013 at Indian Institute of Management, Rohtak witnessed participation from the biggest corporates across the country..

Eminent dignitaries fromwell-known business houses like, Goodyear, Barclay’s, Vedanta, ITC, Tech Mahindra,etc., came together at a common platform to discuss the key principles of management during constrained growth.
The two-day long flagship event of IIM-R was inaugurated yesterday. The theme for the third edition of the event this year is ‘Finding the Silver Lining: Growth during Business Uncertainty’, which is very relevant considering the current economic in the country.


Day two witnessed discussions on various ideas that could prove beneficial in trying to alleviate the businesses from the current state of slowdown. Mr. Tushar Pandey, (Sr. President and Country Head, Yes Bank) mentioned the benefits of the Public Private Partnership Model for financing infrastructure development. He said that currently the PPP model is growing at a very sluggish pace because of the underlying structural complexities in itsimplementation. But the idea should not be overruled merely because of this, as it is very important that both Corporates and the Government come together to contribute towards the progress of the nation.He also added that the Delhi-Mumbai industrial corridor is going to be a center for major economic activity in the future. Mr. Sudipta Ghosh, VP-Government business, Tata Capital said that the PPP model could be highly successful in building up mega-projects in the areas of Power generation and transmission and also in the renewable energy sector. As the infrastructure sector has been hit the hardest by the current slowdown, the PPP model could be efficiently used in resurrecting the growth of this sector.
 

The next technical session of the day focused on the “HR Practices in leading business organizations during constrained growth.” The panel moderator Mr. SS Sahrawat from Jubilant Life Sciences said that “Value systems are the DNA for an organization; they align the employees towards a certain direction. In difficult times, rumors become commonplace at the work place, it becomes very important for the HR to engage good employees, through constant direct communication and extending support to the employees to nurture their aspirations.”
 

The discussion was followed by sessions on Operations, Strategy and IT. 

 

To read about Day-1 Click Here

“Uncertainty is the new normal”: IIM-Rohtak Management Conclave 2013

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