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Press Releases

49th National Management Convention 2022

20 Sep 2022

NMC inaugural press release

Vice President Jagdeep Dhankhar opens 49th National Management Convention

Ease of governance is optimizing business ecosystem: Vice President of India

20 September 2022, New Delhi

Vice President of India Jagdeep Dhankar assured India’s business leadership that he would be their foot solider and would help deliver ease of governance to enable an ecosystem that would allow Indian industry to grow geometrically. “The only thing that is holding Indian business leaders back and giving them sleepless nights is a lack of ease of governance. However, an optimization is taking place that will fructify in a more soothing ecosystem,” he told India’s management leadership while opening the 49th National Management Convention (NMC) in New Delhi this morning.

The Vice President complimented AIMA for holding an excellent NMC and appreciated the contribution made by those present at the NMC to the architecture of Atmanirbhar Bharat. He said that India’s industry has a crucial responsibility in uplifting the farm sector. “If Indian farmer progresses, India progresses,” he said.

The Vice President insisted that India’s management leaders must feel proud of the country’s transformation and contain the adverse voices that emerge from within and outside the country. “It pains my heart sometimes when there is an adverse voice from anywhere in the world which is totally disconnected with the ground reality and is picked up by the media. That is an affront to the people,” he said. The Vice President said that such voices need to be contained and that containment can take among the groups such the one attending the NMC.

The Vice President pointed out that with India taking over the presidency of G20 later this year, the country will play a key role in global economic and political agenda.

The Vice President of India presented AIMA fellowships to Dr Vijay Kelkar, Chairman, India Development Foundation and Former Finance Secretary and former Chairman, Finance Commission of India; Mr Harsh Pati Singhania, Immediate Past President, AIMA and Vice Chairman & Managing Director, JK Paper Ltd; and Mr Raman K Garg IRS, Commissioner of Income Tax (Exemption), Government of India.

Vice President, AIMA and Vice Chairman & Managing Director, Triveni Turbine, Mr Nikhil Sawhney thanked the Vice President of India for his optimistic address and assured him that India’s management leaders would do everything to convert India’s potential into actual advantage. “We Indians need to focus more on capitalizing on our advantages rather than getting bogged down by doubt and fear,” he said.

The 2-day convention is being attended by nearly 1000 business leaders, senior executives, management experts and academics from all over India. The convention is also being live streamed on AIMA’s social media channels. The NMC’s overarching focus is on India’s advantage in a new world order.

The speakers at the NMC include the Minister of Roads and Highways Mr Nitin Gadkari, the Minister of Civil Aviation and Steel Mr Jyotiraditya Scindia, Chief of Naval Staff Admiral R Harikumar, India’s G20 Sherpa Mr Amitabh Kant, Wipro Executive Chairman Mr Rishad Premji. The sessions are being moderated by eminent business leaders including Tata Steel CEO & Managing Director Mr TV Narendran, Hero Enterprises Chairman Mr Sunil Kant Munjal, Kirloskar Brothers’ Chairman & Managing Director Mr Sanjay Kirloskar, and Info Edge Founder and Vice Chairman Mr Sanjeev Bikhchandani.

Will double the capacity of India’s civil aviation and steel sector by 2030: Jyotiraditya Scindia at 49th National Management Convention

20 September 2022, New Delhi

India is civil aviation sector is set to double the number of airports and travellers in the next 5-7 years and India’s steel production will also double by 2030, said Mr Jyotiraditya M Scindia, Minister of Civil Aviation and Steel, Government of India at AIMA’s 49th National Management Convention (NMC) in New Delhi.

Mr Scindia engaged in a fireside chat with Mr TV Narendran, CEO & Managing Director, Tata Steel at the NMC this morning.

The minister said that the paradigm in India’s civil aviation sector has been turned on its head, as building of airports is leading economic growth instead of cities asking for airports after economic growth. He pointed out that the 67 new airports have been added since 2013-14 taking the total number of flying points in the country to 141 and he promised to raise that number to about 220 in the next 5-7 years.

“Time is scarce now and demand for civil aviation has grown,” he said pointing out that the number of air travellers in the country has grown from 73 million in 2013-14 to 144 million today and international travellers number has gone from 37 million to 60 million in the same period. He said that the aggregate number of travellers will double to about 400 million over the next 5-7 years.

Similarly, the capacity of India’s steel sector, between the integrated plants and the secondary steel makers, will go up to 300 million tonnes a year from the present 155 million tonnes, Mr Scindia promised.

The minister pointed out that India’s civil aviation sector has seen entry of a new airline after two decades after many exits during the period. “We are looking at capacity building and creating an ecosystem similar to that of the auto sector,” he said. He said that steps are being taken to set up ancillaries to support OEMs, including flying training and drones.

Responding to an audience question about the sustainability of airports in tier 2-3 cities, the minister said that it was important to see projects. He said that the ministry is looking at last mile connectivity, as people want to travel by the fastest mode at most economical costs. He pointed out that the traffic growth at non-metro airports had grown at a CAGR of 31.6% between 2015 and 2020. He said that ATR72 and ATR42 planes were being introduced on hill routes to mitigate the load penalty and reduce costs. He promised to increase helicopter services substantially and pointed out that 25 new routes have been awarded under the Udaan scheme. “The last mile connectivity will bring the edges of India into the mainstream,” he said.

Responding to Mr Narendran’s question about the climate change impact of aviation and steel sectors, Mr Scindia said that the civil aviation sector’s contribution to global greenhouse gases is only 2% but it it noticed more because of its high visibility. However, he said, the sector is shouldering its responsibility and establishing carbon mapping at all airports. He pointed out that the private airports of Kochi and Delhi have achieved carbon neutrality and promised that by 2024, Airport Authority’s 92 airports will become carbon neutral. Regarding achieving carbon neutrality of flights, the minister said that it would depend on fuel technology. He pointed out that though sustainable aviation fuel can be mixed with aviation fuel but its production scale and logistics are still inadequate.

On reducing carbon intensity of steel sector, the minister said that use of carbon-limiting raw material and the technology of blast furnaces are the keys to making green steel.

Mr Scindia emphasized the importance of the steel sector to the country saying that it was fundamental to India’s manufacturing economy, and he said that India needed to build its brand in the global steel market. He said that the government would set national standards for steel so that the steel made in India is world class irrespective of which company makes it. He pointed out that the government’s production-linked investment scheme for speciality steel had attracted 79 applications and new capacity for 28 million tonnes has been approved. He said that the domestic demand for steel is growing rapidly and the Rs 10.7 lakh crore capex programme from the government will increase the demand for steel.

AIMA President and Chairman & Managing Director, CavinKare, Mr C K Ranganathan pointed out that India has tremendous new opportunities as the world is undergoing a dramatic change.

Vice President, AIMA and Vice Chairman & Managing Director, Triveni Turbine, Mr Nikhil Sawhney pointed out that at the moment, India is being wooed by everyone and India should use its strong position to bargain for a better deal and push for a more favourable economic and political order.

The session was attended by business leaders from all over India and it was also live streamed on AIMA’s social media channels.

Navy to put 90% of its capex back into Indian economy: Navy chief Harikumar at 49th National Management Convention

20 September 2022, New Delhi

Indian Ocean is the key to India’s future security and economy, as it is now the world’s busiest waterway and it is of interest of many regional and extra-regional countries, which in turn should and would translate into greater spending on navy, said India's Chief of the Naval Staff, Admiral R Hari Kumar, PVSM, AVSM, VSM, ADC, at AIMA’s 49th National Management Convention. He engaged in a fireside chat with Mr Sanjay Kirloskar, Chairman and Managing Director, Kirloskar Brothers.

Admiral Kumar said that Indian Navy has committed itself to giving 88% of its future contracts to Indian enterprises, which would also generate employment and build skills in the domestic economy. “In addition to national security, Indian Navy is committed to rashtra nirman and atmanirbharta,” he said.

He pointed out that India made its first warship in 1961, INS Ajay and during the past seven years, the navy has inducted 29 indigenous ships. He said that the recently inducted aircraft carrier INS Vikrant had 76% local content and he promise that by 2047 all Indian Navy equipment will be 100% indigenous.

Responding to a question about the Soviet and Russian equipment in Indian armed forces, Admiral Kumar said that the equipment has been reliable and it has served the purpose. He added that what India cannot get from others, Russia has been providing and supporting that.

On the lessons for Indian forces from the Russia-Ukraine war, Admiral Kumar said that India is studying it and a key reminder is that it is easy to start a war but it is a major challenge to terminate a war. There are lessons in the naval blockade and use of drones and precision munitions. A key lessons is in the use of media and social media to take the fight to the cognitive domain. “You don’t know who to believe,” he said.

Admiral Kumar pointed out that China has been present in Indian Ocean since 2008 when it first arrived citing piracy control as the purpose and now it has 5-8 units in Indian Ocean at all times, including research and fishing vehicles. “We keep a watch on them at all times, but our capability development is not based on a particular country,” he said.

Responding to a query about India’s lessons from the Russia-Ukraine war, Admiral Kumar said that

Explaining the benefits of the Agnipath scheme, which he was involved in formulating since 2020 when he was the Vice Chief of Staff, Admiral Kumar said that the idea’s seeds were in the Kargil report which had suggested lowering the age profile of Indian forces from 32 years to about 25 years. Besides lowering the age profile, the scheme will integrate the society with forces by having an average of one soldier from every block, he mentioned. He also said that the scheme will provide trained and disciplined workforce to the industry and government as 75% of the young soldiers will not continue in the forces.

Mr Kirloskar said that the growing involvement of Indian industry with the armed forces was a good sign for India’s industrialization, as the most critical technologies tend to be first get developed for wars.

The session was attended by nearly one thousand delegates and was livestreamed on AIMA’s social media channels.

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