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2 P A R T N E R I N G F O R G R O W T H IMC Chamber of Commerce and Industry VISION IMC Chamber of Commerce and Industry shall strive to be a world class Chamber of Commerce by: Representing views of Commerce and Industry to various levels of Government. Promoting Trade and Industry Internationally through linkages. MISSION Networking global trade and commerce to benefit members. \I/ Instituting recognition schemes for individuals & organizations to promote excellence. Devising evaluation criteria for assessment of quality systems that meet world-class levels/standards. To provide quality service to members and the society at large enabling them to grow qualitatively & quantitatively, to make India a strong economic nation.
P A R T N E R I N G F O R G R O W T H 3 Foreword............................................................................................................................................................................ 4 Proceedings of the 114th Annual General Meeting........................................................................................................ 11 President Courtesy Calls and Meetings with Dignitaries............................................................................................... 23 Flagship Events ............................................................................................................................................................... 39 IMC – Board of Directors and Managing Committee 2022-23 .................................................................................... 67 IMC – Past Presidents .................................................................................................................................................... 73 IMC – Governors, Trusts & Trustees ............................................................................................................................. 75 IMC Secretariat ................................................................................................................................................................ 76 Chamber’s Representatives on Public Bodies............................................................................................................... 77 IMC – Expert Committees & Activities .......................................................................................................................... 79 Press Coverages ........................................................................................................................................................... 171 IMC – Representations ................................................................................................................................................. 197 IMC – Ladies’ Wing ....................................................................................................................................................... 203 IMC – Ladies’ Wing Flagship Events .......................................................................................................................... 206 IMC – Ladies’ Wing Committees & Activities .............................................................................................................. 209 Event Listing ................................................................................................................................................................. 227 CONTENTS IMC Chamber of Commerce and Industry IMC Building, IMC Marg, Churchgate, Mumbai-400 020 Tel: 91-22-7122 6633 | Fax: 91-22-2204 8508, 2283 8281 | E-mail: [email protected] | Web Address: http://www.imcnet.org Andheri Office 405, “Centre Square” A-Wing 4th Floor, S. V. Road, Andheri (West), Mumbai-400 058 E-mail : [email protected] | Tel. : 91-22-2623 1937 | Telefax : 91-22-2670 3689 Navi Mumbai Office The Commodity Exchange, Room Nos. 616 & 617, 6th Floor, IMC Marg, Sector 19A, Vashi, Navi Mumbai-400 705 Tel : 91-22-2784 2466 | Telefax : 91-22-2784 2467 | E-mail : [email protected], [email protected] New Delhi Office 16A, 16th Floor, Atma Ram House 1, Tolstoy Marg, New Delhi-110 001 Tel. : 91-11-23730978 | Fax : 91-11-23730979 | E-mail : [email protected]
4 P A R T N E R I N G F O R G R O W T H I am very happy to present the 115th Annual Report as the President of the prestigious IMC Chamber of Commerce and Industry, Mumbai. It has been an honour and privilege to be at the helm of the eminent institution, which is well known not only in the western region, but also across the country and overseas for the excellent service to the society, its members and towards the growth of trade and commerce. The year gone by has been a learning experience for me, having interacted with a diverse set of people from the government, consulates, foreign delegations, industry, members, etc. Hon. Prime Minister Narendra Modi’s government has clocked over 6.4% GDP growth in 2022 and is poised to deliver over 6% growth in the current year making India one of the fastest growing economies in the world. India has catapulted itself from 10th largest economy to 5th largest economy over the last 10 years, currently clocking 3.75 Tn $ in GDP terms with an immediate aim of 5 Tn $ going upto 10 Tn $ and eventually to over 30 Tn $ by 2047 when India celebrates 100 years of independence. India is breaking many records. It is home to over 90,000 startups, clocking over 1.6 lac crores of GST collections per month, and over 3 Cr UPI transactions per day by over 1.2 Bn Aadhaar biometric connections and through 50 Cr. Jan Dhan Yojana bank accounts. India is truly shining. FOREWORD ANANT SINGHANIA, President, IMC Chamber of Commerce and Industry India will contribute more growth to the world GDP than US in the next 5 years, second only to China and is hailed as the bright spot in the world economy. India overtook China this April to become the world’s largest populated country, housing the youngest population in the world. India’s young population and tech savvy youth will transform the world with the export of goods and services hitting 770 Bn $ and is targeted to grow to 2 Tn $ in the next 5 years. The world economy had somewhat overcome the Covid pandemic when the Russia – Ukraine conflict erupted last February, causing havoc to the regions and leading to high inflation across the world. The inflationary pressures lasted for 6-8 months and has since started to ease down. India, despite the European economic pressures continue to purchase Russian and Iranian fuel to meet her import demands of fossil fuels, thereby reducing the inflationary pressures. The equity markets
P A R T N E R I N G F O R G R O W T H 5 are doing well and the allocation from world economies is going up in emerging markets like India. The future is bright for India given the numerous steps taken by the government. The Make in India programme and the PLI programmes are doing exceedingly well. Auto industry that is no 3 today is growing rapidly and in 5 years’ time, India shall be the number 1 producer of cars in the world. From an importer of mobile phones, we have become a large exporter with both Samsung and Apple having opened shops in India. Defence exports are poised to grow from 25,000 Cr to 2 Lac Cr in the next 5 years. We already have Foxconn and now we are attracting other leading manufacturers to produce semi-conductors in India. GOI programmes like Open Network for Digital Commerce (ONDC) and One District One Product (ODOP) are laying the foundation for exponential growth in E-commerce and balanced regional development respectively. The past year India celebrated 75 years of independence and IMC was very happy to be a part of the “Har Ghar Tiranga” campaign of the government of India. All our members hoisted the flags at their homes, offices, and posted selfies as a part of the Azadi ka Amrit Mahotsav to collectively celebrate this momentous occasion. India also took over the G20 Presidency from Indonesia on 1st December 2022 with the theme of ‘Vasudhaiva Kutumbakam’, which translates to “One Earth, One Family, One Future”. The yearlong G20 Presidency has already had over 120 meetings across 28 states on a variety of topics, attended by delegates from the G20 countries that represent two thirds of the world population and 85% of the world’s GDP and IMC is very happy to be a part of this initiative. India’s G20 Sherpa, Shri Amitabh Kant is going to address the Youth Conclave and give his views on India’s growth opportunities. My theme for the year – “Partnering for Growth” has resonated well with all the stakeholders, members, institutions, and the Government. As we reflect on the achievements of the past year and look towards the future, this theme embodies the essence of our collective journey and the spirit of collaboration that drives our Chamber forward. In today’s interconnected and rapidly changing world, it has become increasingly evident that partnerships are key to sustainable growth and success. No single entity can thrive in isolation. It is through collaboration, cooperation, and mutual support that we can unlock the full potential of our collective endeavors. I am happy to report that the IMC partnered on several initiatives and programmes with other leading institutions in organising topical events, seminars and conferences, be it the Industry Academia Series with HSNC University, a talk by Mr. Dilip Piramal, MD of VIP Industries; the Climate Resilience programme with Council on Energy, Environment and Water (CEEW), Bombay Natural History Society (BNHS), and India Climate Collective organised by the Young Leaders Forum. The programmes on taxation were held with Bombay Chartered Accountants’ Society (BCAS), and Chamber of Tax Consultants (CTC) which were beneficial to all the members of the associations. The flag-off Ceremony for the MSME Yatra by Shri Narayan Rane, Hon’ble Union Minister for MSME for registering MSME’s and giving them assistance was held in association with The Institute of Chartered Accountants of India (ICAI). The recent highlight was the path breaking meetings of over 1450 MLA’s & MLC’s from across India gathering at the Shri Rahul Karad’s institute MIT National Legislators Conference (NLC), Mumbai where IMC partnered with NLC to host 4 exclusive break-out sessions on matters of national importance namely Inclusive Growth, Renewable Energy, Public Infrastructure and Industry Collaborations between corporate leaders and political leaders to frame the dialogue for the growth of India. Further, I am happy to share that your Chamber organised several programmes during the year. As a part of reaching out to our stakeholders, the Chamber organised: - • Visit to GIFT City, Gandhinagar along with meeting with Gujarat Finance Minister, Shri Kanubhai Desai to take advantage of facilities at India’s premier International Financial Centre
6 P A R T N E R I N G F O R G R O W T H • Visit to Mumbai Port, Cruise Terminal, etc. to get an on-ground understanding of the exim industry • Visit to Kokoyu Camlin, Patalganga plant, organised exclusively for the diplomatic community to gauge, how India-foreign joint ventures function • Visit to Maker Mela, VidyaVihar to engage with the startup community on India Startup Day • Visit to Pradeep Metal, Navi Mumbai to understand how to remain competitive in the export markets IMC continues to be the training partner for SEBI, BSE, MCX on Commodity Trading, Futures and during the year the IMC ERTF headed by Mr. G. Chandrashekhar was able to extend the training to MCX from Mumbai to across cities in India, which has led to another opportunity to partner with likeminded associations. Several events on Gold, Cotton Futures, Kharif Crops, Steel, etc. were held during the year. India Calling 2023 – IMC’s flagship event in its 24th year saw a plethora of speakers from India and abroad address the hybrid conference on Rising India – Inviting Partnership for Growth. The conference was inaugurated by Shri Piyush Goyal, Hon. Union Minister for Commerce and Industry who spoke passionately about India’s FTA’s and about his close association with IMC and its key members. He was joined by Shri Sanjay Verma, Secretary West, Ministry of External Affairs and Shri Niraj Bajaj, Chairman, Bajaj Auto. The session on Make in India, moderated by Shri Anant Singhania, CEO, J. K. Enterprises had Shri Nadir Godrej, Chairman, Godrej Industries and Dr. Frank Jurgen, Chairman, Horasis. The inaugural address was given by Shri Anil Chauhan, Chief of Defence Staff in the session on Defense Manufacturing. The session on Gati Shakti saw the presence of 3 Union Ministers, namely Shri Sabaranand Sonowal, Hon. Union Minister for Shipping, Ports and Waterways, Shri Nitin Gadkari, Hon. Union Minister for Road, Transport and Highways and Smt. Darshana Jardosh, Hon. Union Minister of State for Railways & Textiles talk about the national plan for multi-modal connectivity. The Roundtable with G20 Ambassadors Chaired by Shri Ashish Kumar Sinha, Joint Secretary, G20 was a resounding success on the impact of G20. IMC 13th Banking & Finance Conference - Harnessing Banking and Finance to Drive India’s Growth – The Conference was inaugurated by Shri Bhagwat Karad, Union Minister of State, Finance who spoke about India’s robust banking system. There were interesting sessions by leading Economists including Shri Madan Sabnavis, Chief Economist, Bank of Baroda and Bank CEO’s session having Shri Mahesh Kumar Sharma, MD & CEO, SBI Life, Shri Mayank Bathwal, Chief Executive Officer, Aditya Birla Health Insurance company, CEO’s Conclave - “Transforming the MSME Sector to achieve India’s USD 10 Trillion GDP Goal” – The annual conference was addressed by Dr. Tirthankar Patnaik, Chief Economist, National Stock Exchange who gave an excellent presentation on India’s trajectory and the roadblocks to look out for. The session on Circular Economy went on longer due to keen interests of the participants to understand the journey of waste to riches. Speakers included Ms. Deeksha Vats, Group Chief Sustainability officer, Aditya Birla Group (ABG), Ms. Tejashree Joshi, General Manager & Head (Environmental Sustainability), Godrej & Boyce Mfg. Co. Ltd. & Mr. Anirudha Jalan, Co-Founder and Chief Strategy Officer, Recykal who has created a marketplace for waste to be recycled. Agriculture Conference on Accelerating the Growth of Integrated Agriculture Value Chains in Maharashtra – The conference was inaugurated by Shri. Abdul Sattar, Hon. Agriculture Minister, Government of Maharashtra and was supported by Ministry of Agriculture, Maharashtra who lent us their logo. Three important sessions on Cotton, Millets and Oil Seeds discussed the steps required to accelerate the growth of value chains. Ms Roop Rashi, Textile Commissioner, Ministry of Textiles spoke about implementing new technologies in cotton production to improve the yield. The Chamber supported the Year of
P A R T N E R I N G F O R G R O W T H 7 Millets and all meals during the day included delicious food made from Millets. The colourful mural made entirely of Millets on the floor by artist Mr. Vivek Donde was appreciated by all. Promoting Tourism – Shri Mangal Prabhat Lodha, Hon. Minister for Tourism and Skill Development, Maharashtra interacted with IMC members on World Tourism Day – Rethinking Tourism and on the programme on promoting India for Medical Value Tourism. YLF Youth Conclave 2023 (EKTA) – One South Asia – One Earth, One Family, One Future – was addressed by none other than India’s G20 Sherpa – Shri Amitabh Kant who spoke about India’s emerging role as a superpower in areas of digital revolution and how the youth of today are the future leaders of Bharat@100 – a developed nation and the 2nd largest economy only after China. Sessions on ‘Imagine – A shared future’, ‘Heal and unite – One Earth and One Family’ and a Social Fiction Competition amongst students from all across Asia were a resounding success amongst the participants. Partner organisations – Asia Society, Sattva, Festivals from India added tremendous value to the event. Workshop – “Recent Decisions and Amendments Relating to Charitable Trust and its Implications” – Timely programme was organised by the Direct Tax Committee on the recent amendments to Charitable Trusts that have far reaching implications. The event was attended in hybrid format and there was no place to even stand. Ease of Living Conference – “Ease of Living – Basic Right of Citizens – Making Cities & Towns Better Place to live” – The 3rd edition of the Ease of Living Conference was held at Raj Bhavan, the official residence of Governor of Maharashtra and was inaugurated by Shri Ramesh Bais, Hon. Governor of Maharashtra along with Shri Vivek Phansalkar, Commissioner of Police, Mumbai. Sessions by Ms. Harshika Singh, Municipal Commissioner of Indore, ranked the cleanest city in India for 6 straight years, and sessions on Traffic management and Public transport were very informative. IMC Heritage Walk – The 3 hour Heritage walk along the historic city of Mumbai was a privilege for the 90 diplomats from over 15 countries who participated in groups of ten accompanied by trained guides conversant with the 400 year old history of the seven islands of Mumbai. The Consul Generals of Japan, South Africa, Malaysia, Sweden, Sri Lanka, Australia were amongst the several others who thoroughly enjoyed the experience. IMC Member’s Get-Together & Networking – The first of a kind Members’ get-together accompanied with a speed round of introduction found several members getting to know each other and network amongst themselves. The move was welcomed by the members. 7 Days Course on Arbitration – The coveted 7 days Arbitration course was attended by over 65 participants and addressed by 6 sitting Bombay High Court Judges namely His Lordship The Hon’ble Mr. Justice G. S. Kulkarni; His Lordship The Hon’ble Mr. Justice R. D. Dhanuka; His Lordship The Hon’ble Mr. Justice K. R. Shriram; Her Ladyship The Hon’ble Justice Smt. Bharati Dangre; and His Lordship The Hon’ble Mr. Justice Kamal Khata; talked about the importance of conducting time bound and effective arbitrations. IMC Ramakrishna Bajaj National Quality Awards & IMC Juran Quality Medal 2022 Award Ceremony – The coveted Awards were given to the Awardees after a very stringent evaluation process at the hands of the India’s Olympic Gold medalist & World Champion – Shri Abhinav Bindra who flew down from Bangalore. The IMC Juran Quality Medal 2022 was unanimously conferred to Padma Bhushan Mrs. Sudha Murthy, Founder, Infosys Foundation, Philanthropist and a Writer whose acceptance speech received a standing ovation due to her frankness, simplicity and for dedication to her foundation. IMC Awards to Mumbai Police Personnel for Outstanding Public Service 2019-2022 – The most awaited Police Awards given after a gap of 2 years due to the pandemic were given to 10 deserving policemen and policewomen who made a difference to their positions in several categories including Best
8 P A R T N E R I N G F O R G R O W T H Cyber Crime, Best Crime Detection, Outstanding work in Traffic department etc. at the hands of the Shri Vivek Phansalkar, Commissioner of Police, Mumbai. Notably the awardee of Best Crime detection was Police Constable Vikram Jaysing Desai who was instrumental in seizing drugs amounting to over Rs 1600 Crores by his dedication and hard work. Each of the Awardees had displayed leadership qualities and had gone beyond their line of duty. The awards were given in the presence of their spouses and children. Visit of Shipping Minister – Shri Sabarnand Sonowal, Hon. Union Minister for Shipping, Ports and Waterways interacted with the captains of industry from the import export industry along with Shri Rajiv Jalota, Chairman, Mumbai Port Trust and Shri Sanjay Sethi, Chaiman, JNPT, organised by IMC Shipping and Logistics Committee. Representations – Several representations were made to the government on a range of issues including Budget recommendations - MOF, Correct Risk Assessment for Exports - RBI, Difficulties by trade in Faceless Assessments - Customs, Market Access Initiative - Commerce, Suggestions on Mediation Bill - Legal, Recommendation on Schemes of Arrangement – SEBI, Recommendations for PLI scheme for manufacturing Plant Proteins – MOF, Internationalising INR – SEBI, EODB – Reducing KYC requirements – PMO amongst others. I am happy to report that several of our recommendations were discussed in detail with the respective ministries and some of the changes were also implemented. Courtesy Calls – • Team IMC made several courtesy calls to the Hon’ble Union Ministers in New Delhi – Shri Venkaiah Naidu, Hon. Vice President of India, Shri Om Birla, Speaker of Lok Sabha, Smt Nirmala Sitharaman, Hon. Finance Minister of India, Shri Piyush Goyal, Hon. Commerce & Industry Minister, Shri Sabaranand Sonowal, Hon. Shipping Minister, Shri Nitin Gadkari, Hon. Road & Transport Minister, Shri Narayan Rane, Hon. MSME Minister, Shri Hardeep Singh Puri, Hon. Petroleum & Natural Gas Minister amongst others. • Pan-India, I met with Chief Ministers – Shri Eknath Shinde, CM, Maharashtra, Shri Yogi Adityanath, CM, Uttar Pradesh and Shri Bhagwant Singh Mann, CM, Punjab. • Interacted with Speakers of Assemblies of various states –Shri Shivraj Patil, Former Speaker Lok Sabha, Shri Meira Kumar, Former Speaker Lok Sabha, Shri Rahul Narwekar, Maharashtra, Shri Gian Chand Gupta, Speaker, Haryana, Shri Kultar Singh Sandhwan, Speaker, Punjab, Shri Arun Kumar Upreti, Speaker, Sikkim, Shri Lalrinliana Sailo, Speaker, Mizoram, Shri Vijay Kumar Sinha, Former Speaker of Bihar. • Sensitized and promoted the Chamber and its activities with several Minister of State, Secretaries, Joint Secretaries and Directors of government bodies across the state and central government. • Promoted India across borders with Ambassadors and Consul Generals of more than 35 countries and invited them to invest in India. Besides the activities of the main wing, the IMC Ladies’ Wing, President, Mrs. Roma Singhania chaired over some fabulous events. • Notably the 35th edition of the Women’s Entrepreneurs Exhibition held at Jio Convention Centre had over 225 stalls, attracted over 18,000 visitors and was a grand success. A teen corner, titled Young Budding Enrepreneurs was tried out for the first time. The Chief Guest address was given by Ms. Vanathi Srinivasan, National President of Mahila Morcha, BJP and Mrs. Kokila Dhirubhai Ambani welcomed all the participants and visitors to the exhibition. • The 29th Janki Bajaj Puraskar 2022 was chaired by Mrs. Falguni Nayar, Founder and CEO,
P A R T N E R I N G F O R G R O W T H 9 Nykaa and the recipient of the prestigious award was Ms Manisha Ghule, ED – Navchetana Sarvangin Vikas Kendra • The interactive dialogue between Gurudev Sri Sri Ravishankarji and Mr. Anant Goenka, Executive Director, Indian Express Group at Impact 2023 was received by packed audiences. • The Cyber Safe Mumbai Poster Competition received over 3 lac entries from students across Maharashtra and the best posters received awards from Shri Ramesh Bais, Hon’ble Maharashtra Governor and Shri Vivek Phansalkar, Commissioner of Police, Mumbai. • Exclusive Film Screenings of Hindi movie Babli Bouncer - Mr. Madhur Bhandarkar and Ms. Tamannaah Bhatia; Marathi movie Samarthya - Mr. Chandrashekhar Sandve, Film Director and Producer and Gujarati movie Kutch Express – Mr. Harish Mehta were sold out. • The visit to the gallery of noted artist Shri Paresh Maity left the members mesmerized. I acknowledge and thank the Ladies’ Wing President, Mrs Roma Singhania for the excellent work done to uplift the image of the Chamber and work closely with the main wing in promoting the Chamber. Further, I extend my sincere gratitude to the Governors, members of the Managing Committee, Past Presidents, Chairs and Co-Chairs and members of all the Expert Committees; the Secretariat led by Director General Mr. Ajit Mangrulkar with Deputy Director Generals Mr. Sanjay Mehta and Ms. Sheetal Kalro. A special thanks to all the officers-in-charge and the support staff of IMC. These events, activities would not be possible without each one of your support and guidance. I thank all the members of the Chamber for their continuing patronage of the Chamber. We greatly value your association, attendance, and support. I thank all our partners, sponsors and media for their support and coverage respectively. My best wishes to Mr. Samir Somaiya, President-Elect and Mr. Sanjaya Mariwala, Vice President-Elect. I am confident that under their leadership, the Chamber will achieve greater heights. Anant Singhania President, IMC
With best compliments from 1st Floor, New Hind House, 3 N. M. Marg, Ballard Estate, Mumbai 400 001. Tel. No. 022-2268 6000 / 6151 Email: [email protected] J. K. Enterprises 10
Proceedings of The 114th Annual General Meeting
P A R T N E R I N G F O R G R O W T H 12 12
P A R T N E R I N G F O R G R O W T H 13 PROCEEDINGS OF THE 114TH ANNUAL GENERAL MEETING HELD ON WEDNESDAY, JUNE 29, 2022 AT 4:30 P.M. HOTEL FOUR SEASONS, WORLI, MUMBAI Mr. Juzar Khorakiwala, President, IMC, welcomed Honourable Mr. Jayant Sinha, Chairperson, Standing Committee on Finance, Mr. Rashesh Shah, Chairman, Edelweiss Group and Mr. Manish Sabharwal, Vice-Chairman, TeamLease Services Limited, along with Governors of IMC, past presidents, members of managing committee, members of the Chamber and other invited dignitaries. Mr. Juzar Khorakiwala, President, IMC addressing the members at the 114th Annual General Meeting
P A R T N E R I N G F O R G R O W T H 14 Mr. Sinha highlighted India may seize the Climate Opportunity. Speaking on the topic of Net Zero is net Positive, Mr. Jayant Sinha emphasized that “we have a golden opportunity in India. We must seize the climate moment that we have. India has already been very successful with the international solar alliance. Starting in November-December 2022, we are going to assume the G20 Presidency. The G20 Presidency is going to be with India which means India sets the agenda, India puts forward the proposals and that is then discussed with the G20 membership. We can put forward ideas on how this global climate alliance can work, and if we do that, ladies and gentlemen, we can save India, we can pursue decarbonisation as development, we can get to net zero, and at the same time start to save the world from this very, very scary cataclysmic climate change. So we have this incredible opportunity to save India and save the world.” Mr. Rashesh Shah concluded his thoughts on India @ 100 saying “What we have done in the last 8-10 years as we learnt from the past mistakes and we have course corrected, I think that trajectory will become stronger. And I do hope that things like the public transport and all that will improve because we do believe that a country doesn’t become rich when the poor can afford cars, but the country becomes rich when the rich can afford to travel by public transport. If we just extrapolate how our GDP will grow, India at 100 will end up around a 30 trillion dollar economy. Currently we are 3 trillion dollars, we will be 30 trillion. It will not still be enough for all the things that we want to do. I think we will still be hungry, we will still be aspirational. And as the cliché goes the glass will be half full-half empty. But I do feel the glass will be half full and it will be half filled with unfulfilled aspirations and potential which will still be there as India at 100.” Mr. Rashesh Shah, Chairman, Edelweiss Group addressing the members Mr. Juzar Khorakiwala, President, IMC presenting a memento to Mr. Rashesh Shah, Chairman, Edelweiss Group
P A R T N E R I N G F O R G R O W T H 15 Mr. Manish Sabhrawal spoke about India @ 100 where he summarised saying “in the 21st century economic strength will depend on intangible assets. India doesn’t have a shortage of land, labour or capital. We could give every Indian household of half an acre and they would fit into Rajasthan and Haryana. We don’t have a shortage of capital as we have seen 100 unicorns, as we have seen 75 billion dollars in private equity last year, as we have seen 50% of our FDI coming in the last 5 years. We don’t have a shortage of labour. But our problem is total factor productivity. How land-labour combine? Economists call it the Solow Residual, most people can just call it innovation, can call it entrepreneurship, can call it technology. Innovation, entrepreneurship and technology is how land-labour combined to produce productivity. I think finally that is really our strength in the 21st century. Mr. Manish Sabharwal, Vice-Chairman, TeamLease Services Limited addressing the members Mr. Juzar Khorakiwala, President, IMC presenting a memento to Mr. Manish Sabharwal, Vice-Chairman, TeamLease Services Limited
P A R T N E R I N G F O R G R O W T H 16 Mr. Juzar Khorakiwala, President, IMC, summarized that the 25 years from now, India will be a country of our dreams in many ways and our large and young digitised population will be truly an asset. Our digital footprint will be 100%. Our hard infrastructure of roads, ports, bullet trains and the like, will be world class. However, our biggest challenge and opportunity at the same time, will be to manage our soft infrastructure which should transform our strength in diversity in many ways to an all-inclusive society. Mr. Rashesh Shah, Chairman, Edelweiss Group and Mr. Manish Sabharwal, Vice-Chairman, TeamLease Services Limited jointly presenting a memento to outgoing President Mr. Juzar Khorakiwala. The Vote of thanks was proposed by Mr. Anant Singhania, President-elect, IMC. ***** Business Session In the ensuing business session, Mr. Khorakiwala proposed that the Report of the Managing Committee and Audited Statement of Accounts of the Chamber for the year ended 31st March, 2022, be received and adopted. Mr. Juzar Khorakiwala then read out the following resolution: “RESOLVED THAT the financial statement comprising Balance Sheet as at 31st March, 2022, Statement of Income and Expenditure for the year ended 31st March, 2022, together with the Notes forming part thereof, the Cash Flow Statement for the year ended 31st March, 2022, be and are hereby approved and signed by any two Directors and Director General of the Chamber on behalf of the Managing Committee; RESOLVED FURTHER THAT the duly signed financial statement, be submitted to the Statutory Auditors for their report thereon and the same be issued and circulated to the members and laid at the 114th Annual General Meeting for consideration and adoption by the members of the Chamber;
P A R T N E R I N G F O R G R O W T H 17 RESOLVED FURTHER THAT any one director of the chamber be and is hereby authorized to sign and submit the necessary form(s) with the concerned Registrar of Companies and to do all such acts, deeds, things as may be necessary to give effect to the above resolution.” It was proposed by Mr. Rajiv Podar and seconded by Mr. Anand Rathi and passed unanimously. (ii) The result of the election of the office-bearers of the Chamber for the year 2022-23 was read out by the Director-General and the same was recorded. President Vice-President Mr. Anant Singhania Mr. Samir Somaiya For 12 seats on the Managing Committee of the IMC Chamber of Commerce and Industry, we had received twelve valid nominations for election to the Managing Committee for 2022-2023. All twelve members, therefore, have been elected on the Managing Committee of the Chamber for the two-year term 2022-2024:- Members of the Managing Committee 1. Mr. Aashish R. Barwale 2. Mr. Mahendra K. Chouhan 3. Mr. Dilip D. Dandekar 4. Mr. Mark S. Fernandes 5. Mr. Dhanpal A. Jhaveri 6. Mr. Dinesh N. Joshi 7. Mr. Yogesh M. Kothari 8. Mr. Sanjaya J. Mariwala 9. Mr. Jinesh H. Shah 10. Mr. Shashin N. Shah 11. Mr. Shaunak J. Thacker 12. Mr. Mahesh Thakkar The Director General congratulated Mr. Anant Singhania and Mr. Samir Somaiya and their team and wish them a successful term. The following Special Business agenda were taken up and resolutions passed: Special Business (iii) To appoint Mr. Sanjaya Jayasinh Mariwala (holding DIN: 01111537) as a Director of the Chamber and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution Mr. Juzar Khorakiwala, President, IMC, moved the following resolution: “RESOLVED THAT pursuant to section 152 and all other applicable provisions, if any, of the Companies Act, 2013 and in accordance with the Articles of Association of the Chamber, Mr. Sanjaya Jayasinh Mariwala (holding DIN: 01111537), who had offered his nomination for election to the office of the members of the Managing Committee and got declared as elected unopposed as one of the members of the Managing Committee of the Chamber at its meeting held on April 5, 2022 be and is hereby appointed as a Director of the Chamber, liable to retire by rotation.” The resolution was carried unanimously.
P A R T N E R I N G F O R G R O W T H 18 (iv) To appoint Mr. Aashish Rajendra Barwale (holding DIN: 00317433) as a Director of the Chamber and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution. Mr. Juzar Khorakiwala, President, IMC, moved the following resolution: “RESOLVED THAT pursuant to section 152 and all other applicable provisions, if any, of the Companies Act, 2013 and in accordance with the Articles of Association of the Chamber, Mr. Aashish Rajendra Barwale (holding DIN: 00317433), who had offered his nomination for election to the office of the members of the Managing Committee and got declared as elected unopposed as one of the members of the Managing Committee of the Chamber at its meeting held on April 5, 2022 be and is hereby appointed as a Director of the Chamber, liable to retire by rotation.” The resolution was carried unanimously. Thereafter Mr. Juzar Khorakiwala, President, welcomed Mr. Anant Singhania as President and Mr. Samir Somaiya as Vice-President, and the new Managing Committee. He expressed confidence that both Mr. Anant Singhania and Mr. Samir Somaiya would be able to take the Chamber to further glory. He thanked the Governors, Past Presidents and Chairmen / Co-Chairmen of Expert Committees for their continuous support and guidance to him at all times. Finally, he thanked the IMC Secretariat and staffs for their commitment and dedication to their work, due to which the Chamber was able to achieve a great deal during the year. After his remarks, Mr. Juzar Khorakiwala, President, IMC, invited Mr. Anant Singhania and Mr. Samir Somaiya to assume the office of President and Vice-President respectively. Mr. Anant Singhania, President, conducted the rest of the proceedings and moved the following Resolution of Vote of Thanks to the President for the year 2021-22: He proposed the Resolution of appreciation for the services rendered by Mr. Juzar Khorakiwala. As we all know that when he took over as President of IMC, Chamber’s operations were severely affected because of lockdown and the third wave of Covid-19. Even he himself and his family members had been affected. In spite of such difficult circumstances, he devoted time to the Chamber to ensure continuation of activities. He also successfully made transition to physical meetings and normalize the Chamber’s operations. The Chamber is grateful for your contribution. “The IMC Chamber of Commerce and Industry records its deep sense of appreciation of the services rendered by Mr. Juzar Khorakiwala, President, during his term of office and expresses its warmest thanks to him”. The Resolution was carried unanimously. Mr. Juzar Khorakiwala, President, IMC presenting a bouquet to the new President Mr. Anant Singhania Mr. Juzar Khorakiwala, President, IMC presenting a bouquet to the new Vice President Mr. Samir Somaiya
P A R T N E R I N G F O R G R O W T H 19 The concluding remarks were made by Mr. Anant Singhania, who had just taken over as the President of the Chamber. He thanked the Governors, Past Presidents and members present for reposing confidence in him and said that he would do his best to live up to their expectations. Referring to the opening remark regarding e-voting and physical voting facility, Mr. Anant Singhania requested the members of the Chamber who did not cast their vote through remote e-voting to cast their votes by physical voting by filling up the ballot form handed over to you at the beginning of the meeting and deposit the same in the ballot box kept near the entrance of the room. He then informed that after all the votes are cast, Mr. Jatin S. Popat, Scrutinizer, will combine the e-voting and physical voting results and compile the voting result. The results would be displayed on the website of the Chamber and Central Depository Services Ltd. as per the provisions of the Companies Act, 2013. Summary of the electronic and physical voting based on the Scrutinizer’s Report is as under: Details Remote E-voting Physical voting through ballot form at the AGM Total voting Number of members who casted their votes 12 30 42 Valid votes As per details provided under each one of the Resolution(s) mentioned hereunder Invalid / Abstained As mentioned under each of the Resolution(s) mentioned hereunder Note: Percentage of votes cast in favour or against the resolutions are calculated based on the Valid Votes cast through Remote E-Voting and voting by Ballot Form at the venue of the meeting. The results of the Remote E-voting on each item of business together with that of the voting conducted at the venue of the AGM by way of Ballot Form are as under: ORDINARY BUSINESS: I) Item No. 1 of the Notice (As an Ordinary Resolution): To consider, receive and adopt the audited financial statement of the Chamber for the financial year ended 31st March, 2022 together with the reports of Board of Directors (“Managing Committee”) and Auditors thereon Manner of Voting Votes in favour of the resolution Votes against the resolution Invalid / Abstain Votes Number of members % age Number of members % age Number of members Remote E-voting 12 100 0 0 0 Physical Voting 29 100 0 0 1 TOTAL 41 100 0 0 1
P A R T N E R I N G F O R G R O W T H 20 II) Item No. 2 of the Notice (As an Ordinary Resolution): To record the declaration of the result of election of the Office-Bearer(s) and Members of the Managing Committee of the Chamber for the year 2022-23 Manner of Voting Votes in favour of the resolution Votes against the resolution Invalid / Abstain Votes Number of members % age Number of members % age Number of members Remote E-voting 12 100 0 0 0 Physical Voting 29 100 0 0 1 TOTAL 41 100 0 0 1 SPECIAL BUSINESS: III) Item No. 3 of the Notice (As an Ordinary Resolution): To appoint Mr. Sanjaya Jaysinh Mariwala (holding DIN: 01111537) as a Director of the Chamber Manner of Voting Votes in favour of the resolution Votes against the resolution Invalid / Abstain Votes Number of members % age Number of members % age Number of members Remote E-voting 12 100 0 0 0 Physical Voting 29 100 0 0 1 TOTAL 41 100 0 0 1 IV) Item No. 4 of the Notice (As an Ordinary Resolution): To appoint Mr. Aashish Rajendra Barwale (holding DIN: 00317433) as a Director of the Chamber Manner of Voting Votes in favour of the resolution Votes against the resolution Invalid / Abstain Votes Number of members % age Number of members % age Number of members Remote E-voting 11 91.67 1 8.33 0 Physical Voting 29 100.00 0 0 1 TOTAL 40 97.56 1 2.44 1 All the Resolutions mentioned in the Notice of the AGM as per the details above stand passed under Remote E-voting and physical voting done by the members of the Chamber at the Annual General Meeting with the requisite majority and hence deemed to have been passed at the AGM. Since there was no other business to transact, the Business Session of the Annual general Meeting ended with a Vote of Thanks to the Chair.
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President Courtesy Calls and Meetings with Dignitaries
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P A R T N E R I N G F O R G R O W T H 25 Mr. M. Venkaiah Naidu, Hon’ble Vice President of India Ms. Nirmala Sitharaman, Hon’ble Union Minister for Finance Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution Mr. Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways
P A R T N E R I N G F O R G R O W T H 26 Gen. (Dr.) V. K. Singh, PVSM, AVSM, YSM (Retd.), Hon’ble Union Minister of State for Road Transport and Highways and Civil Aviation Mr. Kiren Rijiju, Hon’ble Union Minister for Law and Justice Mr. Parshottam Rupala, Hon’ble Union Minister of Animal Husbandry, Dairying and Fisheries Dr. Mansukh Mandaviya, Hon’ble Union Minister for Health and Family Welfare, Chemicals and Fertilizers Mr. Pankaj Chaudhary, Hon’ble Union Minister of State for Finance Mr. Som Parkash, Hon’ble Union Minister of State for Commerce & Industry
P A R T N E R I N G F O R G R O W T H 27 Dr. Jitendra Singh, Hon’ble Union Minister for State of Earth Sciences, Science & Technology (IC), Prime Minister’s Office, Minister of State for Personnel, Public Grievance and Pensions, and Department of Atomic Energy and Space Mr. Jayant Sinha, Hon’ble Member of Parliament Mr. Hardeep Singh Puri, Hon’ble Union Minister of Petroleum & Natural Gas and Union Minister of Housing & Urban Affairs Meeting with Mr. Eknath Shinde, Hon’ble Chief Minister of Maharashtra Mr. Narayan Rane, Hon’ble Union Minister of Micro, Small and Medium Enterprises Mr. Anant Singhania, President, IMC presenting memento to Mr. Kanubhai Desai, Finance Minister, Government of Gujarat and Mr. Injeti Srinivas, Chairman, IFSCA
P A R T N E R I N G F O R G R O W T H 28 Met Mr. Deepak Bagla, MD & CEO of Invest India Met Mr. Ravi Shankar, Social Secretary to President of India. Met Dr. I. V. Subba Rao, IAS-Secretary to Vice President of India who extended his wholehearted support in including IMC to be a part of future delegations of the Vice President of India. Had detailed discussions with Mr. Sanjay Verma, Secretary (West), Ministry of External Affairs at South Block on organising Industrial visits for Diplomatic community to witness live success stories Met Ms. Vaniti Srinivasan, National President of the BJP Women’s Wing and discussed women empowerment and use of e-Marketplace extensively for commerce With Ambassador H.E. Alejandro Simancas Marin of Cuba (left) and in middle H.E. Ambassador of Bhutan Maj. Gen. Vetsop Namgyel.
P A R T N E R I N G F O R G R O W T H 29 With H.E. Mr. Moe Kyaw Aung Ambassador of Myanmar With H.E. Mr. Paulias Corni Ambassador of Papua New Guinea With H.E. Mr. Slobodan Uzunov Ambassador of Macedonia and Deputy Ambassador Lazar Yukadinovic of Serbia With Mr. Mahdi Yusuf Ahmed, Second Secretary, Embassy of Bahrain
P A R T N E R I N G F O R G R O W T H 30 Direct Tax Committee met with Ms. Geeta Ravichandran, Pr. Chief Commissioner of Income Tax, who plans to hold several Dept. events at the Chamber and has fond memories of visiting the Chamber in the past Met Mr. Alekski V. Surovtsev, Consul General of the Russian Federation in Mumbai. Met Mr. Anton Pashkov, Consul General of Republic of Belarus in Mumbai. Met with Mr. Sergei Aleinik, First Deputy Minister - Foreign Affairs from Belarus who was in Mumbai for the launch of Consul General office in Mumbai. He was keen to work on Agriculture, Pharma (generics) & Business expo opportunities with the Chamber Met with Ms. Zakia Wardak, Consul General of Afghanistan in Mumbai Met Ambassador Mr. Fleming Raul Duarte Ramos, Embassy of Paraguay in India
P A R T N E R I N G F O R G R O W T H 31 Team IMC led by Mr. Samir Somaiya, VP and Dr. Niranjan Hiranandani, PP met with Mr. Hardeep Singh Puri, Hon’ble Minister for Housing & Urban Affairs & Petroleum & Natural Gas discussed about alternative energy sources and housing. IMC team with G20 Sherpa - Mr. Amitabh Kant Meeting with Mr. M R A Shaikh Chief Metropolitan Magistrate
P A R T N E R I N G F O R G R O W T H 32 IMC receiving recognition at the hands of Mr. P. K. Aggarwal, Principal Chief Commissioner Customs Renowned Artist Paresh Maity artwork made of pooja bells weighing 2 tonnes Met Ms. Manisha Mhaiskar, Maharashtra Chief Protocol Officer, who has promised to visit the Chamber in the New Year.
P A R T N E R I N G F O R G R O W T H 33 Met Ambassador of the Czech Republic H. E. Ms. Eliska Zigova who was exploring opportunities of bilateral trade With Hon’ble Chief Minister Mr. Yogi Adityanath Met Consul General of Japan, H.E. Fukahori Yasukata at the Japanese Emperors 63rd Birthday Celebrations Met Ambassador Guillermo Merediz, Under Secretary for Trade Strategy and Economic Promotion, Argentina (left to right) & Ms. Maria Silvina Costa, Deputy Consul, Argentina & Mr. Carlos Tonon who led a business delegation in food processing and allied industries to Mumbai and Delhi.
P A R T N E R I N G F O R G R O W T H 34 Met Mr. Kaneko, Chief Consul and his wife at Japanese Emperors 63rd Birthday Celebrations, along with Vice President Mr. Samir Somaiya Team IMC with Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution Mr. Sarbananda Sonowal, Cabinet Minister of Ports, Shipping and Waterways and Cabinet Minister of AYUSH shared his passion on harnessing Indian Waterways with Mr. Dinesh Joshi, Vipul Srivastava and myself
P A R T N E R I N G F O R G R O W T H 35 Cabinet Minister Mr. Narayan Rane, Ministry of Micro, Small & Medium Enterprises was very keen to support IMC initiatives Mr. Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade gave some very valuable inputs on PLI Scheme Met with Mr. Prabhat Kumar, Special Secretary & Mr. Md. Noor Rahman Sheikh, Ministry of External Affairs on exporting India’s robust digital public infrastructure across the world
P A R T N E R I N G F O R G R O W T H 36 IMC congratulated incoming President of Assocham, Mr. Ajay Singh, CMD Spice Jet at Delhi Meeting with Mr. Artem Asatur, Co-Chair of Russian Aluminium Association to discuss opportunities for collaboration for the members in aluminium sectors Invited Maharashtra Labour Minister - Mr. Sureshbhau Dagadu Khade to interact with IMC members Met Mr. Anil Dhumane, President Bhartiya Mazdoor Sangh, Labour Minister of Maharashtra Hon’ble Mr. Sureshbhau Dagadu Khade & Adv. Sundeeep Puri, Chairman Labour Laws & People’s Management Committee of IMC Met with H. E. Ambassador Fleming of Paraguay to explore areas of cooperation. He has invited IMC to G20 at Brazil next year where Paraguay are joint hosts. Met Ambassador Mr. Harsh Shringla, Chief Coordinator (G20), India & former Finance Secretary, Government of India to the Chamber
P A R T N E R I N G F O R G R O W T H 37 Courtesy Call to Mr. Abdul Sattar, Agriculture Minister, GOM and Mr. Sunil Chavan, Commissioner Agriculture Maharashtra State Met Ms. Madhuri Dixit Nene spoke briefly about her vada pav meal with Apple CEO Tim Cook Met Actor Shahid Kapoor. He was happy to be a part of this historic broadcast Met Dr. NEELAM Gore, Dy. Chairman of Maharashtra Legislative Mr. Uday Samant, Hon’ble Industry Minister, GOM Council
P A R T N E R I N G F O R G R O W T H 38 IMC Team with Mr. Anand Madia, OSD to CM, Maharashtra who earlier this year presented Maharashtra Vision at Davos Met Mr. Hardeep Singh Puri, Hon. Union Minister for Petroleum and Natural Resources and Housing & Urban Affairs to invite him for IMC Annual General Meeting Met Smt Smriti Irani, Hon. Union Minister for Women & Child Development and Minority Affairs to invite her for IMC Ladies’ Wing Annual General Meeting Met Mr. Amitabh Kant, G20 Sherpa, Government of India to invite him for IMC YLF Youth Conclave Met Avnit Singh Arora, Director, Ministry of Law & Justice (MLJ), Dept of Legal Affairs, Government of India on several issues pertaining to Law & Arbitration Had a really good meeting with Avnit Singh Arora, Director, Ministry of Law & Justice (MLJ), Dept of Legal Affairs, Government of India on several issues pertaining to Law & Arbitration 1. MLJ will seek consultative feedback on Arbitration Act from IMC 2. MLJ will consider adding IMC to expert Committee 3. India IIAC shall consider making IMC Suresh Kotak IIAC their local partner for all Arbitrations in Mumbai and on reciprocal basis 4. MLJ will connect IMC with Secry MSME for taking up MSME ADR issues 5. MLJ will consider including IMC IIAC in stakeholder outreach activities 6. New Mediation Bill is likely to be approved in Monsoon Session
Flagship Events
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P A R T N E R I N G F O R G R O W T H 42 India Calling Conference 2023 April 29, 2023 Shri Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution “At India Calling, we are committed to bringing forward our nation’s views and protecting the best interests of India and its businesses. We remained deeply focused on creating a safe world by ensuring everyone has access to the vaccine during Covid pandemic. Our rich history, culture, and heritage leave us with an extraordinary legacy that can drive our country to unprecedented heights. This can be achieved with a collective commitment and sense of duty from 1.4 billion Indians. We have a lofty vision - corruption-free India with a $47 trillion economy by 2047 - but with dedicated talent and the global friendships we have fostered over many decades, achieving this is very much within reach. We hope in future we keep working towards it and India Calling will be rechristened as World Calling: India!” Shri Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways PM Gati Shakti National Master Plan (NMP) is a very big initiative and it will help us reduce logistics costs. Logistics cost in India is higher at 13% to 14% of GDP compared to 8% to 9% of GDP in other developed economies such as the USA. Higher logistics cost reduces the competitiveness of ‘Made in India’ products in global markets. Reducing logistics costs to 9% of GDP is at the top of Government’s agenda.” About plans to improve highway network, Minister said that NHAI is developing world class ‘Wayside Amenities (WSA)’ at more than 600 locations along the National Highways. Apart from basic facilities like good toilets, parking and restaurants; these Way Side Amenities will also have Dormitories for Truck Drivers, EV Charging facilities, Convention centers, Trauma centers and Retail shops for promoting handicrafts and locally manufactured products. Some WSAs will also have Helipads and Drone Landing Facilities to deal with medical emergency situations like road accidents and organ transplantation. Shri Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping & Waterways and Ayush India is forging ahead with a speed never seen before. “It took Indian economy 60 years to reach US $ 1 Trillion mark and now, in just 9 years from 2014, India is almost a three and a half Trillion Dollar economy Under PM Gati Shakti NMP, Ministry of Ports, Shipping, and Waterways has identified 101 projects worth Rs. 62,227 Crores for implementation by 2025. Out of these 101 projects, 26 projects worth Rs. 8897 Crore have been completed, 42 projects amounting 15,343 Crore are under development and 33 projects worth Rs36638 Crore are under implementation. Out of the projects under implementation, 14 projects worth Rs 20,537 Crore are expected to be completed by Dec 2023. The Minister added that of 101 Gati Shakti projects, 12 projects amounting 9867 Crores are being executed in the State of Maharashtra, out of which 3 Projects amounting to Rs. 3,165 crores have been completed. 2 projects amounting to Rs. 675 crores are under development while rest 7 projects amounting to Rs. 6,027 Crores are under implementation and expected to be completed till 2025. Smt. Darshanben Jardosh, Hon’ble Union Minister of State for Railways & Textiles IMC has rich heritage of contributing towards Swadeshi movement during the freedom struggle. There are a lot of Projects in rail sector where there are investment opportunities. “ Several domestic and foreign investors are looking to invest in rail projects. 100% FDI via automatic route is allowed in rail sector. Government plans to invest 715 billion dollars in Rail infrastructure by 2030”
P A R T N E R I N G F O R G R O W T H 43 Shri Sanjay Verma, Secretary (West), Ministry of External Affairs, Government of India We need to push business operations forward and collaborate with strategic partners to facilitate international trade between countries. The local economic conditions should be reviewed on a regular basis which becomes an integral part of the system and helps us analyze long-term partnerships. Shri Anurag Jain, Secretary, Road Transport, Ministry of Road, Transport and Highways, Government of India India Calling has become one of the most important business events for industry and businesses, not only in India, but the world over. It gives a platform for businesses and industry leaders to come together again, share insights, explore potential investment opportunities, and establish collaborations. We are three and a half trillion-dollar economy, by 2047 we will be $32 trillion economic as a realistic estimate, optimistic estimates are much more and even the base case the most pessimistic scenario is also pretty high. So, India is going to grow and remain one of the fastest growing largest economies in the world over the next two to three decades. “If there was ever a time to invest, if there was ever a place to invest, it is India and now. Please be the part of India’s growth story which is going to be very, very exciting for the next three decades for sure.” Shri Md. Noor Rahman Sheikh, Joint Secretary (Economic Diplomacy), Ministry of External Affairs, Government of India There is a constant process in the government structure to ease things. The process of emphasizing on the three Ts Trade, Technology and Tourism on taking India’s growth story around the world has been a very successful endeavor. There are a lot of focus in various sectors like technology, trade, medical value travel, manufacturing, pharmaceuticals, solar renewable energy, green Hydrogen connectivity, the sectors are numerous. And I would like to reassure that the Ministry of External Affairs with all our missions abroad are committed to partner with the industry to see that this India’s growth story is filled by each one of us. Shri Ashish Kumar Sinha, Joint Secretary (G20), Ministry of External Affairs, Government of India G20 is a most powerful grouping of the current times and it’s most important economic engagement forum accounting for80% of global GDP,75% of global trade, about 65% of population and so on and so forth. India’s presidency’s objective is inclusion and growth and we see the challenges very clearly but we also see an opportunity in these challenges. Our agenda is to mitigate challenges on issues like 3F crisis i.e food, fuel, fertilizer, crisis of supply chain disruption, the crisis of global value chains, the crisis of MSMEs getting out of the global value chain. Our focus is also to help MSME in find;ging solutions to give boost to the trade? How to use the digital method the current technology to bring MSMEs into the trade to diversify the geographical diversification of global value change, GVCS, creating a portal where MSMEs could get information for the matchmaking, providing solutions for access to finance by the MSMEs. We have formulated our presidency and our priorities and we are looking forward to collaboration from all countries to move towards that
P A R T N E R I N G F O R G R O W T H 44 Inaugural Session Theme: Rising India – Inviting Partnership for Growth Inaugural Session : Presentation of Memento to Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution during IMC India Calling Conference 2023 From L-R: Mr. Ajit Mangrulkar, Director General, IMC, Mr. Sanjay Verma, Secretary (West), Ministry of External Affairs, Government of India, Mr. Ram Gandhi, Governor and Past President, IMC, Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution, Mr. Anant Singhania, President, IMC, Mr. Niraj Bajaj, Chairman, Bajaj Auto and Chairman and Managing Director, Mukand Limited, Mr. Dinesh Joshi, Chairman, IMC International Business Committee Inaugural Session Lighting of the Lamp
P A R T N E R I N G F O R G R O W T H 45 Inaugural Session Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution delivering the Chief Guest Address at the Inaugural session of IMC India Calling Conference 2023 Inaugural Session : Consular Corps with Hon’ble Mr. Piyush Goyal at IMC India Calling Conference 2023 From L-R: Ms. Vanessa Franco, Diplomat in-charge of the Economic and Commercial office of Spain in Mumbai, Ms. Andrea Kuhn, Consul General of South Africa in Mumbai, Mr. Mahendra Sanghi, Governor and Past President, IMC, Ms. Anna Levkal, Consul General of Sweden in Mumbai, Mr. Frank Geerkens, Consul General of Belgium in Mumbai, Mr. Sanjay Verma, Secretary (West), Ministry of External Affairs, Government of India, Mr. Gul Kriplani, Honorary Consul of Iceland in Mumbai and Past President, IMC, Mr. Nayan Patel, Honorary Consul of Tanzania in Mumbai and Past President, IMC, Mr. Madhusudan Aggarwal, Honorary Consul of Uganda in Mumbai, Mr. Piyush Goyal, Hon’ble Union Minister of Commerce and Industry; Textiles; Consumer Affairs; Food and Public Distribution, Mr. Anant Singhania, President, IMC, Ms. Diedrah Kelly, Consul General of Canada in Mumbai, Mr. Niraj Bajaj, Governor and Past President, IMC, Mr. Dinesh Joshi, Chairman, IMC International Business Committee, Ms. Sulajja Motwani, Vice Chairperson, Kinetic Engineering, Mr. Kong Xianhua, Consul General of China in Mumbai, Dr. Ghazi Al-Topy, Consul General of the Rep. of Iraq in Mumbai Inaugural Plenary Session on Make in India From L-R: Dr. Frank-Jürgen Richter, Chairman, Horasis: The Global Visions Community, Mr. Anand Rathi, Chairman, Anand Rathi Group, Session Chair - Mr. Anant Singhania, President, IMC and CEO, JK Enterprises and Director, JK Organization, Mr. Nadir B. Godrej, Chairman and Managing DirectorGodrej Industries Limited and Chairman - Godrej Agrovet Limited, Ms. Sulajja Firodia Motwani, Vice Chairperson, Kinetic Engineering and Founder & CEO, Kinetic Green Energy and Power Solutions Limited
P A R T N E R I N G F O R G R O W T H 46 Opportunities – Defence Manufacturing General Anil Chauhan, Chief of Defence Staff delivering the Inaugural Address on Opportunities – Defence Manufacturing at IMC India Calling Conference 2023 Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity On Screen- From L-R: Chief Guest- Mr. Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways, Guest of Honour- Smt. Darshana Jardosh, Hon’ble Union Minister of State for Railways & Textiles On Panel- From L-R: Mr. Mark S. Fernandes, Chairman, IMC Shipping and Logistics Committee, Mr. Shashi Kiran Shetty, Founder and Chairman, Allcargo Group, Mr. Rajiv Jalota, Chairman, Mumbai Port Authority, Chief GuestMr. Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping & Waterways and Ayush, Mr. Anant Singhania, President, IMC, Mr. Dinesh Joshi, Chairman, IMC International Business Committee, Mr. Sanjay Sethi, Chairman, Jawaharlal Nehru Port Authority Opportunities – Defence Manufacturing Mr. Manoj Patodia, Member, IMC International Business Committee, Mr. Ashok Kumar Kanodia, Promoter and Managing Director, Precision Electronics Limited, Session Chair- Mr. S. P. Shukla, Chairman Mahindra Defence, Mahindra Aerospace, Mahindra Agri & Mahindra CIE Automotive, Mr. Sushil Agarkar, SVP and Business Head, Godrej Precision Engineering, Mr. Arun Ramchandani, Executive Vice President & Head, L&T Defence, Larsen & Toubro Limited Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity Mr. Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways delivering the Chief Guest Address on Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity during the IMC India Calling Conference 2023
P A R T N E R I N G F O R G R O W T H 47 Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity Mr. Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping & Waterways and Ayush delivering the Chief Guest Address on Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity during the IMC India Calling Conference 2023 Gati Shakti (Powering Progress with Speed) National Master Plan for Multi-modal Connectivity Presentation of Memento to Mr. Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping & Waterways and Ayush at the IMC India Calling Conference 2023 Enablers of Business Environment Mr. Anurag Jain, Secretary, Road Transport, Ministry of Road, Transport and Highways, Government of India delivering the Guest of Honour Address on Enablers of Business Environment during IMC India Calling Conference 2023 Opportunities – Real Estate and Urban Development Mr. Gulam Zia, Senior Executive Director- Research, Advisory, Infrastructure and Valuation, Knight Frank (India) Private Limited, Mr. Ajit Mangrulkar, Director General, IMC, Session Chair- Mr. Ashish Vaid, Managing Director- Ashish Estates & Properties Private Limited and Past PresidentIMC, Ms. Amrita Chowdhury, CEO, Gaia Smart Cities Solutions Private Limited
P A R T N E R I N G F O R G R O W T H 48 Enablers of Business Environment Mr. Md. Noor Rahman Sheikh, Joint Secretary (Economic Diplomacy), Ministry of External Affairs, Government of India delivering the Special Guest Address on Enablers of Business Environment during IMC India Calling Conference 2023 Roundtable with G20 Diplomats in India - Plan of Action On Screen Top From L-R: Ms. Andrea Kuhn, Consul General of South Africa in Mumbai, Mr. Peter Truswell, Consul General of Australia in Mumbai On screen below: Mr. Kong Xianhua, Consul General of the People’s Republic of China in Mumbai On Panel from L-R: Mr. Ashish Kumar Sinha, Joint Secretary (G20), Ministry of External Affairs, Government of India, Session Chair- Prof. Harsh V. Pant, Vice President – Studies and Foreign Policy, Observer Research Foundation, Mr. Tolhah Ubaidi, Acting Consul General of the Republic of Indonesia in Mumbai Case Study on successful Joint Ventures Mr. Pradip Shah, Chairman- Pfizer Limited, BASF India, Kansai Nerolac Paints, Sonata Software, IndAsia Fund Advisors Private Limited, Mr. Ajit Mangrulkar, Director General, IMC, Session Chair- Mr. Nayan Patel, Executive Director- Packam Controls Private Limited and Past President- IMC, Mr. Shrikant Badve, Managing Director, Belrise Industries Limited, Mr. Dilip Dandekar, Chairman, Kokuyo Camlin Limited and Past President, IMC Roundtable with G20 Diplomats in India - Plan of Action From L-R: Mr. Ashish Kumar Sinha, Joint Secretary (G20), Ministry of External Affairs, Government of India, Mr. Anant Singhania, President, IMC, Prof. Harsh V. Pant, Vice President – Studies and Foreign Policy, Observer Research Foundation, Mr. Tolhah Ubaidi, Acting Consul General of the Republic of Indonesia in Mumbai