186th Foundation Day of Bombay Chamber of Commerce and Industry

January 13th 2022, Mumbai: Bombay Chambers of Commerce and Industry held its 186th Foundation day virtually with Dr. Rajiv Kunar, Vice president of Niti Aayog, as their Chief Guest and Mr. Ajay Piramal, Chairman of Piramal Group as their keynote speaker. The topic of discussion was how India planned to meet its goal of becoming a 5 trillion dollar economy.

The welcome address was delivered by Ms. Anjali Bansal, President of Bombay Chamber of Commerce and Industry and Founder of Avana capital. She touched upon the various events held by the Chamber in 2021. These events were based on sustainability and technology and how big of an impact it has made on the country. Moving on, Mr. Ajay Piramal was called upon to deliver the keynote address.

Mr. Piramal starts by congratulating the Bombay Chamber for surviving more than a century in such a challenging environment. Speaking on India becoming a 5 trillion dollar economy, he says the country is en route to becoming one of the fastest-growing economies despite the setbacks in the pandemic. He suggested that healthcare spendings should be increased. The percentage needs to go up to at least 3% compared to 18% of the US. India has a large scope in the healthcare sector. Another opportunistic sector is pharmaceuticals, where India has the third-largest volume while ranking 13th in Value. Technology and Startups are also sectors that will help contribute towards India?s 5 trillion goals, backed by government spendings and support.

Ms. Anjali started with several questions related to the theme of the event. The first question was based on how business can operate on the motto of ?Sabka saat, sabka vikaas.? To which, Mr. Piramal answered that ?We believe our purpose is to do well and do good. For a CSR to survive, it is important to make profits, but the bigger point will be survival by putting the profits to the benefit of stakeholders and society. The methods followed by other countries cannot solve the challenges that India face India needs innovation. There has to be an impact in the private sector, and they have to demonstrate change on a significant scale. There needs to be a partnership with a government and find the most dedicated people to work with.?

Company :-Bombay Chamber of Commerce and Industry

User :- bombay Chamber

Email :-bombaychamber75@gmail.com

Phone :-+91-22 - 49100200

Url :- https://www.youtube.com/watch?v=VphZwoDHr0M