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 at Manikonda.

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 ideas.

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 global clients.

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 Ideas.

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 systems.

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 an opportunity.

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
 January'2001

Review of The Partnership summit held in city on 9-11 Jan 2001

CLICKS AND BYTES DO NOT NEED TO BE EXALTED OVER BRICKS AND MORTAR : KRISHAN KANT

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CM reviews the arrangements for the Partnership Summit- 2001

-January'2001

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