Talk Session curated by CCC: a Leap towards Rise or Fall Deliberating on Re-Architecting India: Where Will It Lead Sensex to?, in conversation with Mr.Nilesh Shah
20th June’2017, Kolkata: The Indian Stock market is undoubtedly depicting the new face of economic uplift for the corporate world. The entire new facet of Indian economic system has lessened the impact of the economic crisis to a greater extent. Hence the President of Calcutta Chamber of Commerce Mr. Dinesh Jain took this opportunity to curate a Talk Session with Mr.Nilesh Shah, Managing Director of Kotak Mahendra Asset Management Co Ltd. himself, on the agenda of ‘Re-Architecting India: Where Will It Lead Sensex To?’. Also present at the session were State’s top business leaders, leaders of civil society and senior members of the diplomatic core whose presence added special meaning to this occasion.
Stressing much on the emerging Sino-Trade trends of the two powerhouses of the world India and China the session commenced with an opening speech by Mr. Dinesh Jain, “The Calcutta Chamber of Commerce is the vanguard of development in trade and commerce serving since 186 years. We at the CCC believe discussions and dialogues lead to enhancement and resolution of self and the country. To reconstruct the Indian Financial scenario initiatives such as Make in India, Invest India, Start up India and e-biz Mission Mode Project under the National e-governance Plan are expected to further improve the ease of doing business and provide a boost to manufacturing in the country. Other steps taken by the government in recent times include – Smart City, Urban development, Digital India initiative, Financial and communications inclusivity, Revitalizing public sector banks. These have shown positive results. The Indian financial scenario is not re-building, but is in making towards something newer, way bigger and better.”
Taking forward the session Mr.Nilesh Shah expressed his gratitude for the honor bestowed upon him by the Calcutta Chamber of Commerce and said, “India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). The Government of India has forecasted that the Indian economy will grow by 7.1 per cent in FY 2016-17. As per the Economic Survey 2016-17, the Indian economy should grow between 6.75 and 7.5 per cent in FY 2017-18. The improvement in India’s economic fundamentals has accelerated in the year. Indian Stock market is now growing up like a phenomenon to the financial establishments and showing up a new trend to the global capital market.” To reconstruct the Indian Financial scenario initiatives such as Make in India, Invest India, Start up India and e-biz Mission Mode Project under the National e-governance Plan are expected to further improve the ease of doing business and provide a boost to manufacturing in the country. He also mentioned “As per NITI Ayog’s directional framework, the government plans to focus on 5 major areas of infrastructure in order to augment overall infrastructure, attract investments and facilitate overall growth. – Railways, Roads, Sagarmala project (for ports and coastal development), Inland waterways and Housing for All by 2022.”
About Shri Nilesh Shah(Managing Director, Kotak Mahindra Asset Management Co Ltd)
Shri Nilesh Shah has over 25 years of experience in financial and capital markets, and has managed funds across equity, fixed income securities and real estate for local and global investors. He was in senior leadership position at Axis Capital, ICICI Prudential Asset Management, Franklin Templeton and ICICI Securities during his previous assignments. Shri Shah was the recipient of the inaugural Business Standard Fund Manager of the Year Award – Debt in 2004. He was part of the team that received the Best Fund House of the Year Award at Franklin Templeton as well as at ICICI Prudential. Nilesh is a gold medalist chartered accountant and a merit ranking cost accountant. His hobbies include reading and educating investors on financial planning. He has co-authored a book on Financial Planning called “A Direct Take”.
ABOUT MR. DINESH JAIN (President of Calcutta Chamber of Commerce):
Mr. Dinesh K Jain, President of Calcutta Chamber of Commerce & MD of AUM Capital Market (P) Ltd. – is a Classic Entrepreneur and a leader with over 35 years of experience in Financial Market. He has led many successful businesses in financial space. He is also a social activist, a writer and a poet. A commerce graduate from Calcutta University, he has a list of degrees adorning his name, starting from FCA, ACS, ACMA, IFRS, M. Com., MA, to LLB, CFP, MBA and DHR. He has been conferred with the prestigious Swami Vivekanad Award for Excellence in Education in 2017 and 2013 Bharat Nirman Award for his contribution to the society.
ABOUT CALCUTTA CHAMBER OF COMMERCE:
In 1830 some traders and craftsmen of Calcutta organized themselves to form the Calcutta Trades Association which was a new kind of commercial organization, the first of its kind, not only in the country, but also in the far East. The Calcutta Trade Association was born thereafter, from realization of a handful of businessmen with certain interests and objectives in common which could be furthered by common action. On the 29th of December 1834, the Association was granted recognition as the first public body with powers to address the Government direct and on the 18th of January, 1883 it acquired the status of a corporate Body immediately following the incorporation of the Indian Companies Act, 1882. The most distinguishing operational aspects of the Calcutta Trades Association and its descendent, the Calcutta Chamber of Commerce, was its contribution for improving Calcutta’s civic amenities. In the subsequent period, with rapid industrialization of the country, the Association noting the changing context of the Indian economy geared up its activities vigorously with greater dynamism and urged with patriotic adventure the pursuit of a new way of life based on social justice and stability.
The Calcutta Trades Association which was established in 1890, thus assumed the name “The Calcutta Chamber of Commerce” in 1977. It may be recalled with real gratification that this august body had established the tradition over a century and a half to serve the country and the people in material progress and help development of the metropolitan City of Calcutta.