108th Annual General Meeting of IMC
by Shrutee K/DNS
Speaking at a 108th
Annual General Meeting of the Indian Merchants Chamber and a function to bestow
lifetime achievement award to Mr Azim Premji, Mr Rahul Bajaj, the Chief
Guest, said that the overall direction of the government in economic and
political process was generally correct. The country was poised for good growth
path in wake of good monsoon which will spur rural demand. The governments’
spending on power and infrastructure was in the right direction and will lead
to employment generation in a big manner . He however opined that the
relationship between business and society is not satisfactory and for the
economy to prosper greater cohesion and confidence measures are required
between these two components of the Indian society. He said India needs private
enterprises to prosper, reduce the inequality gap and take country to growth
with social justice. On the international front he said the global economy
looks weak and directionless and the recent issue of migrants crisis in Middle
East, slow down of Chinese economy, the political developments in US and Europe
– all are dampening factors. Added to it, is the shock of Brexit, which
will put low sails of the world economy.
He complimented the business
associations like IMC for helping the smaller enterprises with liasioning
and putting their views across to the government. He appreciated IMC of being a
credible institution for societal good. Earlier welcoming Mr Azim Premji, Chairman, WIPRO , Mr S Ramdorai the Guest of Honour and
Chairman National Skill Development Authority, spoke about the virtues of
integrity to stay ahead in business and personal life. He stressed the
need to develop skills in organized and unorganized sectors as engine for
growth and entrepreneurship.
Mr Azim Premji, Head Wipro
group, credited the Team Wipro and the Wipro Foundation for taking the company
to greater heights by doing business in an ethical manner and imbibing the
virtue of integrity as a corner stone. He informed the various
developmental efforts being undertaken by WIPRO in improving the quality of
education at school and university level through interactions and dialogues
with the government. He said that the philanthropy activities of his group
revolved around the theme of poverty alleviation, and creating skills for better
governance for the deprived and vulnerable sections of the society.
In his welcome address Mr Dilip
Piramal, President IMC, observed that the current times are creating a need for
knowledge based economy and thus the need to develop skill sets to meet the
growing aspirations of people in the job market. He mentioned the
challenging times where the country and the world are facing uneven economic
growth coupled with geo political disturbances. The
Century old Indian Merchants’ Chamber compliments the government and the entire
business community of the country for contributing to robust economic growth.
The optimistic outlook for FY17 and beyond is strengthened by the government’s
growth-oriented policies in addition of course to favourable demographics and
natural endowments.
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