Overwhelming response to
CII's 'Partnership Summit'
The Partnership summit has ended with a total
investment of around 36,000 crore being signed during the 3 day summit in the
city. Another set of projects totaling Rs 72,000 crore has also been committed for the
grounding in the months to come.
Important among them was the MoU entered into with Infosys for setting up a Rs 180-crore software development centre
Five Projects handled by the Transport, Roads and Buildings Department, accounted for the lion's share of Rs.24,333 crore
and they include the Rs.19,500 crore LNG project at Kakinada.
Tourism accounts for 19 projects (Rs.253.50 crore) while 27 projects (Rs.4,336 crore) were in the field of
industries and commerce. Seventeen projects (Rs.6,718 crore) would come up in the IT and Communications
sectors while two projects (Rs.220 crore) were prepared by the Municipal Administration and Urban Development department.
Patronise Knowledge to
Promote Entrepreneurship- Experts At CII Partnership Summit 2001
Hyderabad 11th January 2001: On the final day of the
Partnership Summit organised by the Confederation of Indian Industry (CII)
here today, there was a session on " New Brand of Entrepreneurship in
the New Economy".
Mr.Nandan Nilkani, Managing Director and COO, Infosys Technologies Ltd.
explained what Infosys has learnt about nourishing the new brand of
entreprenurship in his organisation. He said that the organisations should
be people centreric in the new economy.
Entreprenurship can be nourished in these organisations by developing a
partnership with employees and creating a culture for recognizing the
He was of the view that to meet global requirements a global brand should
be built, cost, speed and quality is a necessity rather than a philosophy.
It is very much true because the software industry is catering to the
He also said that while serving the global market the capital market for
the organisation also turns global. It has helped the new economic
organisations to professionalise on the investor relationship by providing
the information required by global investors. He also stressed on the
international structure in the corporate governance as another
requirement. Finally he highlighted the need for democratization in all
functionalities of the organisation.
Mr. Ramesh Gelli, Chairman & Managing Director, Global Trust Bank,
Traced the history how GTB, which is also a new economy organisation, was
formed. He said when the GTB was formed with personal who left Vysya Bank
did not leave that organisation for any other reason except for doing
something new (entrepreneurship). He said that the importance is to
identify the entreprenurship strengths in the people in the organisation.
He pointed out that his organisation utilised the technology to transform
itself into a new economy organisation and to carter the needs of their
customers. He said that in the new economy if there is a prospective new
Mr.N.K Sabarwal, Director, Asia Pasific, World Intellectual Property
Organisation. In his address said that his organisation has 175 members.
Its objective is to reward creativity and to promote Intellectual property
contents. He also said that in the new economy there is a shift in
valuation process from the tangible assets to the intangible. He said that
these intangible assets of the new economy are capable of the creating
assets. He was of the opinion that the new economic organisations are
knowledge centric. Protection to the knowledge would only lead to further
invention. He said relating the Intellectual Property and value addition
would have rich benefits. He assured that his organisation is committed to
provide information on Intellectual Property systems. The organisation has
online information made available on laws on any country, digitally. He
also said that they are creating user friendly Intellectual Property
Mr.Krishna G. Palepu, Ross Graham
Professor of Business Administration, Harvard University, In his address
pointed that the mindset to pursue ideas irrespective of constraints. In
the new economy the technological explosion, globalization in the product,
talent and capital markets. He pointed out how the Entrepreneurship is
effectively utilized by the new economy in the capital market, product
market, in the Talent market. While explaining the emerging trends in the
talent markets, he highlighted that the new Ideas need to be respected and
should be utilized in the old economy organisation as in the new economy
organisation. He concluded by saying that new economy is not a threat but
Earlier Mr. Sunil Kanth Munjal, Managing Director, Hero Cycles Limited and
the chairman of the session, While initiating the discussions he said that
the Entrepreneurship is the same in the new and the old economy. So he
raised the question what are the new practices?, How to encourage the
entreprenurship within the corporate and in the economy as a whole?
Reachout's News Bureau
of The Partnership summit held in city on 9-11 Jan 2001
AND BYTES DO NOT NEED TO BE EXALTED OVER BRICKS AND MORTAR : KRISHAN KANT
of the Partnership
reviews the arrangements for the Partnership Summit- 2001