YES BANK and CNBC-TV18 partner to propel India’s economic ascent at Ahmedabad edition of The Growth Summit

February 23rd, 2024: The second edition of YES BANK and CNBC-TV18’s – The Growth Summit: A vision to a $10 Trillion Economy, in association with Max Life Insurance, was held in Ahmedabad, Gujarat. The event convened policymakers, industry leaders, startup founders, innovators, and academic experts to deliberate on crucial factors essential for India’s economic progress. Central to the Summit’s discussions was the government’s ambitious 25-year plan aimed at positioning India as the world’s third-largest economy with a GDP of $10 trillion.

In his opening remarks at the Summit, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “Gujarat emerges as the cornerstone of India’s economic ascent, contributing a staggering 33% to the nation’s exports in FY 2022-23. With ambitions to reach a $1 trillion economy by 2030, Gujarat’s leadership extends beyond traditional sectors, fostering a thriving ecosystem for innovation and infrastructure development. As the world’s largest diamond hub in Surat and the birthplace of India’s first operational greenfield Smart City, Gujarat positions itself as the beacon of opportunity. The state is poised to absorb the influx of businesses seeking alternatives to China, catalysing India’s journey towards economic supremacy.”

During his address, Mr. Kumar announced the launch of ‘Yes Private’ in Ahmedabad, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavour to leverage the opportunities on the road towards a $10 trillion Indian economy.

He added, “Yes Private has been thoughtfully curated to complement the retail and wholesale banking offerings in the market. It integrates the Bank’s expertise across the spectrum and brings a full-stack product suite for HNIs across Family Banking, Business Banking, Wealth Management and Succession Planning needs. The programme also lays out extraordinary privileges and experiences for clients pertaining to their distinct lifestyles in India and abroad.”

The event kicked off with a thought-provoking discussion on ‘Strengthening Indian Business from Within’ in conversation with Mr. Piruz Khambatta, Chairman & MD, Rasna, he stated “India’s growth narrative must encompass more than just development; it must address the challenges faced by its youth, including migration due to inadequate resources like clean water and air. India’s trajectory of growth, akin to that of South Korea, Germany, Japan, and China, is undeniable, yet we must define our unique growth model. As we navigate through discussions, let’s advocate for an inclusive ‘India model’ of growth that acknowledges both its benefits and challenges, fostering sustainable progress for generations to come.”

Subsequently, panel discussion on the topic ‘From India to the World: Unleashing A New Era of Global Ambitions’ with Ashish Soparkar (MD, Meghmani Organics), Dr Vishal Rajgarhia (Director, Finecure Pharmaceuticals Limited) Rajiv Gandhi (MD & CEO, Hester Biosciences) Chirag Pan (MD & CEO, Pan Healthcare) and Behram Mehta (Founder & MD, Aava Natural Mineral water) captivated the audience at the summit.

The event progressed with an engaging conversation on ‘India’s Role as A Global Hub of Growth’ featuring Mr. Jayen Mehta, MD, AMUL (GCMMF), where he said, “Agriculture is the base of our economy. However, in terms of numbers, still agriculture contribution is less than 20%. Hence, we need to support agriculture and farmers, while also working on doubling their income which is also the professor policy of the government. These efforts will help in supporting the number of people associated with agriculture which is more than 60-70% of the population. The country still depends on agriculture as part of its primary income. So this is where a combination of policies which are pro farmer, pro-development and pro market is the way forward for our country. So if you can build a bridge and if only 20% of us convert our regular food into organic food, the GDP from agriculture will rise. These are very, very small and objective steps one has to take and organisations like ours are working towards the same using the cooperative model and building the country.”

In a special address, Mr. Prashant Tripathy, MD & CEO– Max Life Insurance added, “As India makes significant strides towards its ambitious goal of becoming a 10 trillion-dollar economy by 2030-31, there’s a growing need for India Inc. to partner with the government and democratize the benefits of this growth. It’s imperative that we ensure the advantages of our economic progress reach every segment of the society. There’s a strong call for players in the life insurance industry to align their strategies with IRDAI’s vision of ‘Insurance for All by 2047’- which calls for inclusive insurance coverage for India at large. Further, innovation and customisation must guide our product offerings to cater to the diverse and distinct needs of modern consumers, while distribution channels need to evolve to deliver convenience at every touchpoint, be it digital or otherwise. As we move forward, cross-functional collaboration supported by collective action will serve as the cornerstone for fostering inclusive growth, contributing to the shared prosperity of our nation.”

The evening continued with an engaging panel discussion ‘Scaling the Global Value Chain’, with insights from industry experts Mr. Vineet Mittal (Director, Navitas Green Solutions) Dr. Viranchi Shah (National President, IDMA and Director, Saga Laboratories) Ms. Aditi Gupta (Managing Partner, Menstrupedia) Mr. Sandeep Mittal (MD, Corrtech Energy Ltd) and Mr. Ravi Bhamidipaty (MD, TCT Ventures). They shared valuable insights on navigating global markets, contributing to an enriching discussion for the audience.

Taking the evening towards its end a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder, NeuroLeap on ‘The Neuroscience of Investing’ was held.

Concluding the summit was the final enticing conversation between Shruti Mishra, Anchor, CNBC-TV18, and Mohammed Shami, Indian Cricketer. Talking about his journey, Shami said, “If your hard work and luck are in your favour, then I don’t think anybody can stop you. You just have to stay loyal to your game and keep working hard. I believe nobody can take away my luck from me. My family has been incredibly supportive and has played an integral role in my journey.”

The Ahmedabad edition of ‘The Growth Summit – Vision for a $10 trillion Economy’ underscored India’s trajectory towards economic prosperity, as industry leaders and experts converged to chart a path towards a $10 trillion economy. With diverse voices and ideas from different industries of Gujarat, the summit left an indelible mark on the audience and shared a unique vision for India’s journey towards achieving its ambitious economic goals. The upcoming Summits are to be held in Bangalore, Delhi and Hyderabad in the weeks to come.

CNBC-TV18’s Future. Female. Forward unveils its impactful 2nd Season with a Mega Launch event in New Delhi

09th February 2024: CNBC-TV18, India’s No. 1 English business news channel, is excited to announce the second edition of CNBC-TV18’s Future. Female. Forward – The Women’s Collective presented by HSBC India. The season will kick-off with a dynamic launch event on 10th February 2024, in New Delhi, resonating with CNBC-TV18’s commitment towards celebrating female power and promote gender diversity and inclusivity in the business landscape.

The inaugural season of this initiative garnered appreciation and participation from India’s top policymakers, business leaders, entrepreneurs, and opinion leaders alike. Season 2 promises to take cause further to its goal through this integrated campaign consisting of sustained events, content, conversations, engagements, and partnerships. The mission is clear – Equitable Gain. Equal Participation. Infinite Growth.

The event will see a powerful leadership panel, inspiring fireside chats & keynotes, along with honouring remarkable achievers, called “The FFF ICONS”, who have shattered the glass ceiling and inspired millions across the nation. Notable names that will be present at the launch event include Smriti Irani, Minister of Women & Child Development of India; Amitabh Kant; Former CEO of NITI Aayog; Roshni Nadar, Chairperson of HCLTech; Hitendra Dave, CEO, HSBC India; Ravi Kumar, CEO, Cognizant; Meera Shankar, Former Indian Ambassador to USA, Herve Delphin, EU Ambassador to India; Ravneet Kaur, Chairperson of the Competition Commission of India; Naina Lal Kidwai, Former President, FICCI; Commander Prerna Deosthalee from the Indian Navy; Col. Bindu Nair from the Indian Army, Tamil Nadu; Dr Annapurni Subramaniam, Director of the Indian Institute of Astrophysics; Nigar Shaji, Scientist at UR Rao Satellite Centre; Suman Nalwa, DCP & PRO, Delhi Police; Anil Chadha, Divisional Chief Executive, ITC Hotels; Kami Viswanathan, President – Middle East, Indian Subcontinent and Africa, FedEx; Ghazal Alagh, Co-Founder, Honasa Consumer; Upasana Taku, Co-Founder of Mobikwik; Rani Rampal, Member, Indian Hockey Team & Coach; Hephzibah Pathak, Global Brand Director, Ogilvy & Mather among others.

The evening will commence with a spectacular musical performance by the Delhi Police’ award-winning all-women band, who the caught the nation’s eye by their fantastic performance and display at this year’s Republic Day parade. Shereen Bhan, Managing Editor, CNBC-TV18 will be doing the opening note for the event, followed by an inspiring keynote address by Smriti Irani, Minister of Women and Child Development of India, where she would deep dive into India’s alliance for global good and advancing gender equity & equality. The logo for Season 2 will be unveiled in a unique and grand fashion, showcased through a custom-made live plant version of the Future. Female. Forward. logo, symbolizing how this crucial movement is alive and thriving across the country.

The launch event will also see an insightful Fireside chats on crucial topics such as ‘Fostering Parity in the New World Order’, with Jenny Johnson, President & CEO, Franklin Templeton, and on “Championing Gender Inclusion” with Hitendra Dave, CEO, HSBC India, in conversation with Shereen Bhan. The Leaders’ panel on ‘Bridging the Gender Gap: Strategies for Equality & Inclusion’ will see Hitendra Dave, CEO, HSBC India; Ravi Kumar, CEO, Cognizant; Kami Vishwanathan, President – Middle East, Indian Subcontinent & Africa, FedEx and Anil Chadha, Divisional Chief Executive, ITC and Hervé Delphin, EU Ambassador to India share their insights and ideas on the topic.

Shereen Bhan, Managing Editor, CNBC-TV18, said, “CNBC-TV18 has been the leader in fostering & advancing conversations on gender parity, empowering female entrepreneurs and providing a playbook on creating an equal-opportunities workplace. With the second edition of Future. Female. Forward, our goal is to continue to showcase a diverse pool of women achievers and engage with leaders on the measures needed to create a more balanced & inclusive workplace. With Season 2, we aim to ignite conversations that lead to concrete actions for a more equitable future. We also plan to recognize and applaud the accomplishments of exceptional champions, the FFF Icons, who have broken barriers and stereotypes, and have inspired millions of women across the country to follow their dreams. “

Hitendra Dave, CEO, HSBC India, emphasised, “Diversity and gender parity are vital for longevity, quality and business growth. At HSBC, we believe embracing inclusivity isn’t just about compliance, it’s about creating a culture where all individuals are valued and empowered. With supportive policies, inclusive workplace cultures, societal awareness and overcoming personal biases, we can wholeheartedly embrace gender parity and foster innovation. By prioritizing diversity, companies can tap into a wealth of perspectives and experiences, driving innovation and success in today’s dynamic marketplace. We are delighted to partner with CNBC-TV18 to play the role of a Catalyst to make gender parity a reality for the larger community.”

Smriti Mehra, CEO of Business News, Network18, said, “The second edition of Future. Female. Forward Season 2 plans to explore solutions to create a gender-equitable workforce for women, sparking conversations that bring diverse perspectives and value to every individual. This season is all about taking inspiration and turning it into action, as it is our endeavour to make the world a more inclusive space for all. It’s not just a continuation but a big step forward, a sign for all of us working together to create a world where everyone, regardless of gender, has an equal and fair chance. We would like to thank our partners HSBC India, HCLTech, ITC and FedEx for associating with us on this meaningful initiative.”