The Xavier Institute of Management Bhubaneswar (XIMB) hosted eminent industrialists pioneering various industries as part of The leadership Summit 2013 on Tuesday.
The distinguished persons shared their views on a theme ‘Business in Today’s Challenging Politico-Economic Times’, which highlighted the ways in which modern companies are beating the adverse macroeconomic factors to stay competitive and ensure growth.
XIMB Dean Prof Biswa Swarup Misra provided a picture of the Indian economy post the reforms of 1991 and shared valuable insights on growth with regards to fiscal and monetary stimuli.
MD of BRPl Stemcor ND Rao said the manufacturing sector is the backbone of economy. Odisha is lucky to have immense natural resources, but bureaucratic hurdles have made it difficult to execute greenfield projects and cash in on the huge investment potential of the region, he lamented.
Marketing head of Aircel Arun Ramanachandran spoke on the importance of mitigating policy bottlenecks by innovation and planning. Senior regional manager of HPCl KVJ Rao spoke on how the Telangana agitation in Visakhapatnam has an impact on oil supplies to Odisha.
XIMB Associate Professor of Operations Management and Decision Sciences Arun Paul highlighted the dearth of indigenous technology in the country and the wide gap in its steel production in comparison to China.
Besides, questions were raised on the importance of government subsidies on kerosene, by which petroleum prices are determined and role of attracting the right talent to ensure organisational growth.