B.V.U. PUNE A.K.I.M.S.S., SOLAPUR. Presentation on, “Synopsis of, INDIA ECONOMIC SUMMIT2006.” ( (26Nov—29Nov, New Delhi.) Presented by; Vallabh kulkarni.

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Presentation transcript:

B.V.U. PUNE A.K.I.M.S.S., SOLAPUR. Presentation on, “Synopsis of, INDIA ECONOMIC SUMMIT2006.” ( (26Nov—29Nov, New Delhi.) Presented by; Vallabh kulkarni Jayraj Kothawale. MBA-I

OBJECTIVES  Theme, “India:Meeting new Expectations.  Emphasis on role of State Govt, & publlic-private partenership.  To give India, “Higher Global Profile”.  Increase Economic growth of India from 8%.  To adopt changing political, economic& consumer expectations.  Infrastructure Development for Industries.  Increase in FDI.

Government will Fund INNOVATIONS. Kapil Sibal (Science Minister.)

 Govt. announces public fund for innovative idea in forthcoming budget  STRUCTURE- 30%given as license fees or patent fees,30% for funding project, 40%for institute where research takes place.  Govt. provide Rs.5million to fund innovative ideas,& Rs.10 crore to commercialize idea.  Special emphasis on to create ecosystem & ecofriendly fuel/power.  Collaboration with various countries to provide resources for fast moving sector.  Govt fund to universities & special package for faculties.

INDIA NOW A GLOBAL INFOTECH HUB. INDIA NOW A GLOBAL INFOTECH HUB. -Shakeel Ahmed,Minister of commu,& IT.

 Education & Health facilities to rural through Broadband.  Skill training & Creation of entrepreneurship help to Decrease Unemployment.  By 2020 India will need 50 million working age population.  Govt concentrates on Primary & Higher Education.  Support E-governance.  India develop more sophisticated trade negotiations & Investment for developing skill of population.  IT sector will generate employment & crate huge market.

GODREJ EYES ON TAKEOVER FORIGN CO.

 Expand business in China,Brazil & African countries Like Nigeria.  Expansion through Acquisition.  Hair color & household Products.  Godrej already acquired companies in UK & South Africa.  25% revenue come from foreign business on FMCG products.  Develop 20 million Square feet property in Maharashtra, Hydra bad & Bang lore.

INDIA ON A EVE OF RETAIL REVOULITION. -MUKESH AMBANI

 Retail given growth in economy & increase purchasing Power.  Will create employment opportunities of 1 to 2 million Per year in next decades.  Enhance purchasing power of bottom level people.  “Farm to Fork” concept.  Future plan to target 793 cities which population of 50,000 people.  Partnership with Small shopkeepers.

INDIAN TRIO MAY JOIN 10 MOST VALUED IT FIRMS IN GLOBAL. -Azim Premji

 At present Infosys, Tata consultancy,& Wipro ranks 16-17Companies in global market.  At present in global Market capitalization of Infosys is $29 billion, & Wipro is $52 billion on share prices on BSE.  Companies growth rate is booming.  Trio may soon join in list of 10 most valued IT firms in Global in next 2 to 3 years.

INDIA FIGHT AGAINST TUBERCULOSI (TB)

 Daily 1000 people die due to TB.  Tie up of The India Business Alliance(IBA) & World Health Organisation(WHO) to control TB.  TATA group, Reliance Industries & Jubilant organics leading the way.  Another 29 Indian companies joined the force in program of Revised National TB Control Program (RNTCP).  Will encourage more companies to join the hand to fight against TB.

OTHER BULLETINS:-  Govt. will reduce Direct & Indirect taxes in next budget.  Bicon may invest $10 million in India trough arthistic drug.  Gas sector will give boom to Indian Economy to Mukesh Ambani.  Indian Companies should focus on competitiveness. -R. seshasayee.  Sab Millor to invest $125 million in India.  More equality in Indo-US ties needed. -Prime Minister.  Deeper debt market needed.

ENTREPRENEUR OF THE YEAR  Entrepreneur of the year:- -Tulsi Tanti, Chairman, Suzlon Energy.  Lifetime Achievement Award:- -Karsanbhai patel, Chairman Nirma Ltd,  E.O.Y. in Manufacturing Category:- -Anil Agarwal, Exe. Chairman, Vedant Resources.  E.O.Y. in Service Category:- -Kishor Biyani. CEO&MD, pantaloon Retail India Ltd;

 E.O.Y. for Business Transformation:- -Jigesh Shah, MD Financial Tech. Ltd.  E.O.Y. in Info. Commu., & Entertainment Category:- -Girish Agarwal, Director,writer & publisher,Dainik Bhaskar Group.  Manager Entrepreneur of the year Award:- -S. Ramadorai, CEO TATA consulatancy  Start-Up Entrepreneur of the year:- Vikram Akula, Founder& CEO, SKS Microfiances.