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4th October 2019

food for thought

F OOD F OR TH OUG H T

FFT on State of Indian Economy

October 2019 - December 2019

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As part of its initiative “Food for Thought” which provides a platform for meaningful discussions and interactions on topics of interest for the members, the Chamber organized a FFT on “State of Indian Economy” on Friday, the 4th October, 2019 at Hotel Raintree, St.Mary’s Road, Alwarpet, Chennai – 18. Currently, there are lots of ongoing discussions on the Indian economy about the slow down. On the other hand some feel that these are cyclical down trends and are reversible. To understand this better, this discussion was organized.

Mr.Ramkumar Ramamoorthy, President, MCCI welcoming the Speakers and the Delegates.

Dr.Sunder Ramaswamy, Vice Chancellor, KREA University moderating the Session

Mr. RamkumarRamamoorthy welcomed the speakers and set the tone for the FFT. Dr Sunder Ramasamy, Vice Chancellor, Krea University moderated the session. He highlighted the present economic scenario and stated that, “From one of the shiniest and high performing economy,India now ranks third worst from the bottom, out of 14 other large economies”. It is high time for major structural reforms like 1991, be it banking, labour, agriculture or bureaucracy, he added. Dr V. Anantha Nageswaran, Dean, IFMR Graduate School of Business, KREA University made a detailed presentation on the topic covering “what is responsible for the economic slowdown, what caused it and what is the way out”. The Indian economy may bottom out from the second quarter of the current fiscal but it is nowhere close to the 7 to 8 percent growth rate, he stated. Sustainable growth rate is only 6 percent .The problem is that we should recognize it first, only then we will know how

A section of audience

Dr.V.Anantha Nageswaran, Dean, IFMR Graduate School of Business, KREA University addressing the audience

Mr.T.T.Srinivasaraghavan, Managing Director, Sundaram Finance Ltd., making a presentation.

Dr.Sunder Ramaswamy, Vice Chancellor, KREA University moderating the Session


much work is to be done, he added.

Mr.T.T.Srinivasaraghavan, Managing Director, Sundaram

He explained about how contrary to the slowdown in automobile sector, the passenger vehicle segment, is not in adire situation. Further he added, the government’s move to reduce the corporate tax rate is a welcome move but that alone is not sufficient for the growth of the economy. Presentation was followed by Q&A session.Many valuable inputs and suggestions were proposed. The Session was well received by more than 90 delegates and the feedback was excellent. There was extensive media coverage of the program.

Round Table Discussion on “Innovation in Water"

October 2019 - December 2019

The Chamber jointly with Indo American Chamber of Commerce (IACC) and American Consulate organized a round table discussion on “Innovation in Water”. Two water experts - Dr.Sudhir Murthy, CEO, NEWhub& Mr. Mehul V. Patel, P.E., Executive Director of Operations, Orange County Water District were the speakers for this round table. Mr. Jayaseelan, Chairman IACC gave an introduction about the program to the participants. Ms.K.Saraswathi, Secretary of MCCI gave insights on the topic and shared the Chamber’s work on “Water”. Ms. Lauren H.Lovelance from American Embassy moderated the session. The American projects on recreating recycle and desalinization process, treating waste water, creating new water, rejuvenating ground water, India’s rapid urbanization calls for infrastructural requisites and the need for paying attention to water resources were some of the issues discussed by both the speakers.

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16th October 2019

food for thought

He emphasized incentivizing the small companies to accelerate the growth. The right ideas had to be backed by sound planning and meticulous execution. He highlighted the complexity of compliance in GST.The government revenue, he opined should be a byproduct .Discussion on what other measures the government can look upon in this context was also suggested.

Finance Ltd made a presentation covering the following aspects and detailing them for the benefit of the audience - The Cheerful World View 2019, Is the USD 5 trillion economy by 2024 too ambitious? GDP trends comparison from 2017 till 2019, Where is the money going If the household savings are coming down but it is not translating into the consumption?

Ms.K.Saraswathi, Secretary General, MCCI along with other speakers at the Round Table Discussion on “Innovation in Water” jointly by MCCI, IACC & US Consulate

The 50+ participants were from different sectors and the open forum was very effective as useful ideas were exchanged for water solutions to Chennai.


Susta ina b le Che nna i F orum (SCF )

8th & 9th November 2019

October 2019 - December 2019

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Sustainable Chennai Forum (SCF) UTC on Making Chennai Water Positive The Chamber organised the 3rd Urban Thinkers Campus (UTC) in Chennai under the banner of UN-Habitat with a focus on “Making Chennai Water Positive” on 8th and 9th November 2019. It coincided with the 8th Anniversary of Sustainable Chennai Forum (SCF) which was initiated during our 175th year celebrations, with the objective to assist and promote a business case for sustainable development. The Main themes for this conference covered challenges in meeting the demand of water supply for the city, surface water bodies’ restoration and improving ground water potential and technologies & innovations in water management. Further the conference dealt with specific consumption segments, i.e., residential and industrial water supply and reuse of waste water. Through this campus the Chamber addressed the water crisis, identified measures to restore lakes and water bodies, means to improve ground water potential through artificial recharge, engage stakeholder’s consultation and provide a robust action plan for making Chennai water positive. In the Inaugural Session, Mr.RamkumarRamamoorthy, President MCCI gave the welcome address and briefed about the activities of the Sustainable Chennai Forum and explained that why a paradigm shift in water management in Greater Chennai is the need of hour. Mr Andrew Rudd Urban Environment officer,UN Habitat, India gave the introduction on Urban

Mr.Ramkumar Ramamoorthy, President, MCCI welcoming the Chief Guest, Speakers and the Delegates

Mr Andrew Rudd, Urban Environment Officer, UN Habitat, India giving an Introduction on Urban Thinkers Campus

Dr.Umamaheswaran Rajasekar, Chair, Urban Resilience, National Institute of Urban Affairs, New Delhi making a Presentation on Urban Water Resilience

Mr.Hans Raj Verma, IAS., Additional Chief Secretary to Govt., Rural Development and Panchayat Raj Department, GoTN & State Nodal Officer, Jal Shakti Abhiyan delivering Chief Guest Address

Thinkers Campus. He briefed about UTC program, roles and its initiatives with MCCI. Dr UmamaheswaranRajasekar, Chair Urban Resilience NIUA, New Delhi delivered the special address.He stated that with a joint partnership of NIUA, MCCI and IITM, an urban data observatory would be launched shortly. The Chief Guest, Mr Hans Raj Verma, IAS,Additional Chief Secretary to Government Rural development and panchayat Raj department .,GoTN,StateNodel officer ,Jal Shakti Abhiyan stated that water needs to be approached as an integrated and inclusive subject and reorientation of preferences and priorities need to be accounted for when investing in water infrastructure. In Tamil Nadu the canals capacity had increased by 30% due to Tamil Nadu Irrigated Agriculture Modernization and water bodies’ restoration and Management. He added that Water conservation efforts should not be watershed-centric rather it should be city-centric. If only all the watersheds feeding into the city of Chennai are water positive can the city in itself be so. The Chamber’s effort to bring about the detailed discussion on this topic was appreciated by the Chief Guest. Ms.K.Saraswathi, Secretary General proposed the formal vote of thanks.


Day 1: -Technical Session- I-Meeting Chennai's Water Demand

S usta ina b le Che nna i F orum (SCF )

Mr. T. Shivaraman, MD & CEO, Shriram EPC Ltd. moderated the first Session. The topics and speakers who made presentations :• Current Status of Water Supply in Chennai and plans to meet future demand: Dr. T. Prabhushankar, IAS Executive Director CMWSSB

• Private player participation in water supply : Mr. S. Prakash Former CEO IL&FS Water Limited & Consultant – Corporate Practice

Dr.T.Prabhushankar, IAS, Executive Director, CMWSSB addressing the audience at the Technical Session I on Meeting Chennai’s Water Demand (3rd from the left). Others in the Dias are (l to r : Mr.S.Varadarajan, Director & Chief Growth Officer, VA Tech Wabag ; Mr.S.Prakash, Former CEO, IL&FS Water Limited & Consultant, Corporate Practice; Mr.T.Shivaraman, MD& CEO, Shriram EPC Ltd., ; Dr.Balaji Narasimhan, Professor, Dept. of Civil Engineering, IITM, Chennai & Mr.G.Satish Chandra, General Manager, BGR Energy Systems Ltd.

Urban Lab • Salient features of recently-commissioned Kodungaiyur sewage reuse facility :Mr. G. Satish Chandra General Manager BGR Energy Systems Limited

Technical Session – II - Policies and Governances in Water Management Dr. Sunder Ramaswamy Vice Chancellor, Krea University moderated this session The topics and speakers :• Governance and Decision support framework for water management through climate adaptation : Ms.Anupama VSAssociate Consulant&Mr. M SairamAssociate Director, Athena Infonomics India Private Limited • Upgrading of water distribution system for city water supply – Key challenges and solutions Mr.J.VenkateshJGM & Head – Water ManagementWater Supply & Distribution BUL & T Construction

Mr.L.Nandakumar, Chief Engineer, Storm Water Drain, Greater Chennai Corporation addressing at the Technical Session. Others in dias are (l to r : Mr.M.Sairam, Associate Director & Ms.VS Anupama, Associate Consultant, Athena Infonomics India Pvt.Ltd., ; Dr.Sunder Ramaswamy, Vice Chancellor, KREA University ; Mr.J.Venkatesh, JGM& Head-Water Management, Water Supply & Distribution BU, L&T Construction ; Prof.L.Venkatachalam, Professor, Madras Institute of Development Studies; Dr.P.N.Ravindra, Retd. Chief Engineer, Bangalore Water Supply and Sewerage Board & Consultant, Karnataka Industrial Area Development Board (KIADB) & Ms.Sivaranjani Subramanian, Associate Vice President, Environmental Management Centre LLP

October 2019 - December 2019

• Desalination as a source of supply :Mr. S. Varadarajan Director & Chief Growth Officer VA Tech Wabag Limited

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• Understanding the Hydrological Map of Chennai Dr.BalajiNarasimhan, Professor, Department of Civil Engineering , IITM, Chennai


Susta ina b le Che nna i F orum (SCF ) October 2019 - December 2019

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• Flood Mitigation Infrastructure and Water Conservation Techniques Mr. L. Nandakumar, Chief EngineerStorm Water Drain Greater Chennai Corporation

Urban Labs

• Can water Pricing help to optimise the usage? Prof. LVenkatachalam, Professor, Madras Institute of Development Studies

• The Maharashtra Water Resources Regulatory Authority (MWWRA) -Waste Water Reuse Certificate Ms.Sivaranjani SubramanianAssociate Vice PresidentEnvironmental Management Centre LLP

• Municipal sewage reuse-experience from Bangalore city Dr. P.N. RavindraRetd Chief Engineer, Bangalore Water Supply and Sewerage Board & Consultant, Karnataka Industrial Area Development Board (KIADB)

Day 2: Technical Session- III- Technologies and Innovative Practices The topics included

in

this

session

Dr.Umamaheswaran Rajasekar Chair, Urban Resilience National Institute of Urban Affairs (NIUA), New Delhi moderated the Session. The topics in this session and the speakers were • Disruptive Technologies for Ensuring Clean Water, Mr E Nandakumar, International Centre for Clean Water (ICCW), IITMRP • Emerging Trends in Water Management, Mr.B.V. MudgalAssociate Professor, Centre for Water Resources, Anna University • Waste water treatment and reuse in industries and zero liquid discharge, Mr. V.N.

Dr.Umamaheshwaran Rajasekar, Chair, Urban Resilience moderated the Session. Others in Dias (l to r : Mr.B.V.Mudgal, Associate Professor, Centre for Water Resources, Anna University ; Mr.E.Nandakumar, International Centre for Clean Water (ICCW), IITMRP ; Mr.V.N.Diwakar, Managing Director, Remondis Aqua India Pvt.Ltd., Pune & Mr.Anil Jadhav, Environmental Engineer, Singapore

Diwakar, Managing Director, Remondis Aqua India Pvt Ltd. Pune

Urban Labs • Toilet to Tap – Singapore Experience, Mr. Anil Jadhav, Environmental Engineer, Singapore

Technical Session IV: Enhancing Chennai's Natural Water Resources Ms. Santha Sheela Nair, IAS Retd. moderated this session. The topics and speakers :• Understanding the Rain foot prints of Chennai D r. Y.E.A. Raj, Former Deputy Director General of Meterorology Indian Meterological Department • Recharging Chennai's ground water, Dr. Sekar Raghavan Founder, The Rain Centre • Water-Energy Nexus, Mr. N.K. Ranganath MD, Grundfos Pumps India Pvt Ltd.

Ms.Santha Sheela Nair, IAS (Retd.,) moderating the Technical Session. Others in the dias are (l to r : Dr Jayashree Vencatesan, Managing Trustee, Care Earth Trust ; Dr.Sekar Raghavan, Founder, The Rain Centre ; Mr.N.K.Ranganath, Managing Director, Grundfos Pumps India Pvt.Ltd., ; Dr.Parama Roy, Lead Researcher, Okapi Research & Advisory & Dr.Y.E.A.Raj, Former Deputy Director General of Meterorology, Indian Metrological Department.


Urban Lab • Restoring Chennai’s Wetlands and Lakes Dr.Jayshree Vencatesan Managing Trustee, Care Earth Trust

Ms.Santha Sheela Nair, IAS (Retd.,) moderating the Technical Session. Others in the dias are (l to r : Dr Jayashree Vencatesan, Managing Trustee, Care Earth Trust ; Dr.Sekar Raghavan, Founder, The Rain Centre ; Mr.N.K.Ranganath, Managing Director, Grundfos Pumps India Pvt.Ltd., ; Dr.Parama Roy, Lead Researcher, Okapi Research & Advisory & Dr.Y.E.A.Raj, Former Deputy Director General of Meterorology, Indian Metrological Department.

Technical Session V: Marching towards sustainability and water positivity

• Circular Economy for ensuring water sustainability, Mr.Ashok Natarajan CEO ,TWIC

• Associate Professor Department of Civil Enginnering IITM, Chennai • Viability of wastewater reuse Ms. Kangkanika Neog Program Associate • Council on Energy, Environment and Water (CEEW) New Delhi

Mr. RaghuttamaRao, CEO, GopalakrishnanDespande Centre for Innovation and Entreprenuership (GDC), IITM, Chennai moderating the Session (third from the left). Others in the dias (l to r: Mr.Ashok Natarajan, CEO, TWIC ; Dr.Indumathi Nambi, Associate Professor, Dept. of Civil Engineering, IITM, Chennai, Ms Kangkanika Neog, Program Associate, Council on Energy Environment and Water (CEEW) & Mr Arun Krishnamurthy, Founder, Environmentalist Foundation of India.

where in participants discussed and concurred on the issues and outcomes. In the Valedictory Session, Mr Srivats Ram, Vice President, MCCI & Managing Director Wheels India Limited delivered the welcome address. Ms.K.Saraswathi made a presentation on the summary of the 2 days’ proceedings.

• People’s participation in water management - Mr. Arun Krishnamurthy Founder Environmentalist Foundation of India Each session ended with an interactive and constructive dialogue with the participants, on the priority issues and the probable outcome. A plenary session, summing up and collating the key issues and outcomes was conducted

Dr.Ashwin Mahalingam, Associate Professor, Dept. of Civil Engineering, IITM Chennai addressing the audience. Mr.Srivats Ram, Vice President, MCCI (right) & Dr.Umamaheswaran Rajasekar, Chair, Urban Resilience (left).

October 2019 - December 2019

• Ground Water Resource -Sustainability in terms of Quality & Quantity Dr.Indumathi Nambi

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Mr.Raghuttama Rao, CEO, GopalakrishnanDespande Centre for Innovation and Entreprenuership (GDC), IITM, Chennai moderated this session which was addressed by the following :-

S usta ina b le Che nna i F orum (SCF )

• Carving a Resilient Future for Chennai's Water System - Dr.Parama Roy Lead Researcher Okapi Research & Advisory


Susta ina b le Che nna i F orum (SCF ) October 2019 - December 2019

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Dr Ashwin Mahalingam Associate Professor, Dept. of Civil Engineering IITM Chennai gave the Special address. He lauded the Chamber for its efforts to conduct such Conferences which add value to the society at large. Dr UmamaheswaranRajasekar, Chair Urban Resilience NIUA, New Delhi also shared his thoughts. Ms.K.Saraswathi proposed the formal vote of thanks

Next steps A detailed compendium of the suggestions arising out of the conference will be prepared and shared with the Government and other stake holders.

A Section of audience.

The Chamber will continue to work involving the member companies of the Chamber and along with the State Government towards this mission.

Together we grow

18-20th November 2019

Winter School On Circular Economy Madras Chamber of Commerce and Industries (MCCI) in association with Ekonnect Knowledge Foundation, IIT Madras organised a threeday Winter School on Circular Economy at IIT Madras from November 18th to November 20, 2019. The main objective of this program was to expose the participants to the concept of circular economy and its evolution. This School, a first of its kind in India and perhaps in the region, engaged a diverse pool of participants with eminent experts to learn, update and get inspired to promote and practice Circular Economy. The School used different elements of pedagogy and interactions such as plenary presentations,

Ms K Saraswathi, Secretary General, MCCI delivering the closing remarks

panel discussions, group work, meeting with entrepreneurs, networking and field visits. The School was organised across 10 sections which were interactive and involved discussions with the participants and resource persons. Dr. Prasad Modak - Director, Ekonnect Knowledge Foundation introduced the concept of circular economy, its evolution and linkages to the key Sustainable Development Goals in the first session followed by session on circularity and smart city


addressed by eminent speakers from various sectors and a session on life cycle thinking.

Winter school group

This was followed by a visit to Aggregate Centre -Paperman, UNDP, HCCB RedHills The participants highly appreciated the quality of presentations and the networking they were able to achieve. The key takeaway was an improved understanding of CE. The participant’s consisted of a mix of 25 students and 25 professionals with 15 resource persons/speakers.

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On the third day, the sessions were on Wastewater recycling grid, wastewater credits and Corporate strategy on Waste water Recycling, Bio capacity and Financing Circular Economy.

Toge the r w e grow

On the second day, Dr. Fritz Balkau, Sustainable Solutions. Dr RachnaArora, Deputy Team Leader, EU-REI project, GIZ and Dr Rene van Berkel, UNIDO addressed in the session on the concept of Regional Circular Economy Resource Efficiency and Cleaner Production & EU-RE India Initiatives on Circular Economy followed by a session on Partnership models for implementing Circular Economy.

21st December 2019

Dr. B Ravi, Chairman of Company Law /Corporate Matters committee welcomed the speakers and the participants. He thanked the knowledge Partner Mr.Anant Merathia for the special efforts taken for the Seminar. Mr.Anant Merathia, Managing Partner, Anant Merathia & Associates made the presentation on “An Overview of the IBC Code”. His Presentation covered the following topics:1) From the Date of enactment of IBC from 1st December 2016 2) New ecosystem introduced – NCLT’s (National Company Law tribunal), IP’s(Insolvency Professionals), IBBI, (Insolvency & Bankruptcy Board of India) IU’s(Information Utilities)

Mr.Anant Merathia, Managing Partner, Anant Merathia & Associates making a presentation on Overview of the IBC Code.

3) Who are Financial Creditors Operational creditors? 4) Role of Regulator 5) COC 6) Appointment & Role of Insolvency Professional and Time lines 7) Personal guarantor insolvency He quoted many judgements and explained in detail, the recent second amendment made in IBC code on 10thDecember 2019. He stated that the National Company Law tribunal is not a money recovery forum and the ultimate goal is only resolution /revival.

October 2019 - December 2019

Seminar on the Impact of the Insolvency & Bankruptcy Code 2016


sow ing the se e ds

Session on Financial Creditors Perspective

October 2019 - December 2019

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Mr E Om Prakash, Senior Advocate, Madras high Court made a presentation wherein he covered the following topics. • IBC over View • Financial Creditors /Other creditors • Resolutions Plan • C h a l l e n g e s – S e c u r e d / Unsecured Financial creditors • Journey of IBC till date • Future Prospects He stated that IBC is a comprehensive legislation with a speedy and specific procedure for dealing with the issue of insolvency. The time-bound nature of IBC is a win-win situation as the resources of the Companies are placed at the right place in time, whether it is by payment to creditors or by winding up. The Company does not keep running in losses for endless time period causing a setback to the economy in whole and affecting the creditors individually.

A Section of audience.

Dr.B.Ravi, Chairman, MCCI Company Law / Corporate Matters Committee welcoming the speakers and the Delegates

Ms Pooja Mahajan, Partner, Chandhiok & Mahajan Advocates and Solicitors, New Delhi making a presentation on Essar Verdict and its impact on IBC

Mr Om Prakash, Senior Counsel, High Court of Madras making a presentation on Financial Creditors Perspective

Ms Sripriya Kumar, Managing Partner, SPR & Co., Chartered Accountants making a presentation on Roles and Challenges for IP and Liquidator

Session on “Essar Verdict and its Impact on IBC “ Ms. Pooja Mahajan, Partner, Chandhiok & Mahajan Advocates and Solicitors, New Delhi made a presentation on Essar Steel, one of the oldest cases in the IBC process. Her presentation covered:• Facts of the case • Appeal Before The Supreme Court • Key Observations • Role of the resolution professional and resolution applicant • Role of COC • Jurisdiction of the NCLT and NCLAT • Secured& Unsecured Creditors – THE Equality Principle • Constitution of subcommittee

• Profits Earned during the CIRP • Final Impact The IBC's biggest USP is its time-bound resolution of bankrupt firms and allowing them to remain as going concerns; companies are referred for liquidation only in extreme cases.

Session on “Roles and Challenges for IP and Liquidator” Ms Sripriya Kumar, Managing Partner,S P R & Co Chartered Accountants covered the following topics. • Ethos of IBC and IP • Evolution of the Code • Role of RP –CIPR


• Role of RP-Liquidation • Priority Water fall

• Framework Insolvency

for

Personal

• Challenges of IP There are more than 1,800 registered insolvency professionals. More than 750 cases have been admitted for resolution process under the Code, which came into force more than one-and-a-half years ago, she added.

Mr.K.Vaitheeswaran, Advocate & Tax Consultant making a presentation on Impact of IBC on Home Buyers

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The Insolvency and Bankruptcy Code (IBC) allows homebuyers to initiate proceedings under the law against real estate developers in case they default on debt repayments, putting them on par with financial creditors. It has reiterated that homebuyers, like other creditors, can now invoke bankruptcy proceedings against developers under the IBC for default in their contract terms. They can also seek representation on the Committee of Creditors that votes and approves on resolution plans in bankruptcy cases. The redressal offered for homebuyers under the IBC will be in addition to the recourse already available to them under the Consumer Protection Act and Real Estate (Development and Regulation) Act.

His presentation covered the following:• The Journey of a Home buyer thus far • Right to File and Right to Participate • Pioneer Urban Land and Infrastructure Ltd • Right of Home Buyer to initiate insolvency after the Pioneer Urban Judgment’ • RERA Vs. IBC • IBC Vs. Tax Exemptions • IBC Vs. Stamp Duty

Panel Discussion: Mr Anant Merathia moderated the panel discussion. The three panellists who shared their views were • Mr.P H ArvindhPandianSenior Advocate & Additional Advocate General of Tamil Nadu, Madras High Court • Mr R Murari, Senior Advocate, Madras High Court • Mr.S.KathirKamanathan, Executive Director & Financial Officer, LancoTanjore Power Company Ltd

Chief

Vital questions related to new regime of IBC and its evolutions were discussed in detail in the panel discussion. Mr V V Naresh, Co Chairman of Company Law /Corporate Matters delivered the vote of thanks. The Seminar was well received by more than 50 participants.

October 2019 - December 2019

Mr.K.Vaitheeswaran, Advocate & Tax Consultant made the presentation

Distinguished Speakers addressing at the Panel Discussion. (l to r : Mr.P.H.Arvindh Pandhian, Senior Counsel, High Court of Madras ; Mr.R.Murari, Senior Counsel, High Court of Madras ; Mr.S.Kathir Kamanathan, Executive Director & Chief Financial Officer, Lanco Tanjore Power Co.Ltd., & Mr.Anant Merathia.

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Considering the powers and duties of the IPs imparted under the Code, it is clear that they steer the insolvency resolution process in every way. It brings a host of professional and business opportunities for Insolvency Professionals with tremendous growth potential.

Session on “Impact of IBC on Home Buyers”.

sow ing the se e ds

• Stakeholder Expectations of an RP


17th December 2019

sow ing the se e ds

Discussion on Pre Budget Memorandum 2020

October 2019 - December 2019

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The Chamber had a brainstorming session on 17th December 2019 at Hotel Raintree, Anna Salai with member of the General Committee and a few Expert Committee members to discuss the suggestions and inputs received from members for the Pre Budget Memorandum. After an open discussion on what should be highlighted to the Government in our Pre Budget

Discussion on Pre Budget Memorandum 2020

Memorandum, the suggestions received have been consolidated and necessary representation have been made.

General Committee In the General Committee meetings held from October to December 2019, the Committee’s discussion focused on MCCI@200. Mr.V.Sriram, Partner, Sammati Consulting

and Analytics LLP who took up the services to review the vision and mission of the Chamber and to identify the focus areas for the future have had a few rounds of discussions with the members of the Committee. A roadmap is arrived upon to enhance the importance and image of the Chamber and to stay relevant

Expert Committee The Following Expert Committees had their meetings to discuss about the forthcoming events in the next quarter:List of Expert Committee meetings on 1) Company Law and Corporate Matters 2) Logistics and Supply Chain

3) Corporate Social Responsibility 4) GST 5) Energy including Renewable Energy

6) HR&IR 7) IT/ITES

Mr. Ramkumar lighting the lamp at the Inaugural Mr. Ramkumar with the other Panelists in the session. Session and with the Members who took part in the Conference.

Other Meetings Mr. Ramkumar Ramamoorthy, President was the Chief Guest at the Inauguration of Skill Development Courses for Govt. Colleges affiliated to UNOM on 1st October 2019 Ms. K. Saraswathi, Secretary General, MCCI attended the 29th

Mr. Ramkumar Ramamoorthy, President MCCI addressing at the Inaugural.


Anniversary of German Unity - consul General of Republic of Germany Mrs.Karin Stoll @ Ballroom, Taj Coromandel, Nungambakkam, Chennai on 10th October 2019 Ms. K. Saraswathi was one of the Judges at the prestigious” Elihu Yale Inter-Collegiate debates at Women’s Christian College on 14th October 2019 com m itte e

Mr. J.Krishnan was a Panelist in the Seminar on Logistics – The Wheel to $5 Trillion Economy held at New Delhi on 15th November 2019.

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Ms. K. Saraswathi took part in the National Day of Romania celebrations at Hotel Raintree, Anna Salai on 10th December 2019. Ms. K. Saraswathi attended the Inaugural Edition of R K Swamy Memorial Lecture by Mr D Shivakumar, Group Executive President, AdityaBirlaat MMA Centreon 11th December 2019 Ms. K.Saraswathi attended the ACE South East Air Cargo Conclave & Awards 2019 at ITC Grand Chola on 11th December 2019. Mr. Ramkumar Ramamoorthy, President, MCCI took part in the Conference on ‘Chancellor’s Vision 2030: Innovating Education in the Era of Industry 4.0’ at Raj Bhavan, Ooty on 19th December 2019

October 2019 - December 2019

Mr. Ramkumar Ramamoorthy, President and Ms. K.Saraswathi took part in the Assocham’s Centenary Celebration at VigyanBhawan, New Delhi and the Managing Committee Meeting on 20th December 2019. Mr. Ramkumar Ramamoorthy was a panelist in the session moderated by Mr. Ravi Shankar Prasad, Hon’ble Minister of Law and Justice, Communications and Electronics and Information Technology, GoI

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Mr.J.Krishnan, General Committee Member, MCCI & Past Chairman, MCCI Logistics Committee addressing at the Panel discussion on Logistics

Mr. Ramkumar Ramamoorthy, President, MCCI along with Shri Ravi Shankar Prasad, Hon’ble Minister of Law and Justice, Communications and Electronics & Information Technology, GoI and other Panelists at Assocham’s Annual Conference at New Delhi on 20th December 2019

Mr. Ramkumar Ramamoorthy addressing at the conference on ‘Chancellor’s Vision 2030


Intro: New Members

ne w m e m b e rs

Name of the company

October 2019 - December 2019

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Classification

Michelin India Pvt. Ltd

Manufacturer of Tyres

Oriental Bank of Commerce

Banking Services

V Rajalakshmi & Co

Chartered Accountants

APM Medical Billers Private Limited

Medical Coding

TPI Composites India LLP

Manufacturer of blades for wind mills

ChanakyaFinserv

Registered mutual fund distributor

CIG Softech India Ltd

Provides services dedicated to consulting, Business Automation process and Re engineering of Business Process

Cyril Amarchand Mangaldas

Legal Firm

Doowon Automotive Systems India Pvt Ltd

Manufacturer of Compressors

Eastman India Exports

Exporters of Rice

HyLoApp Technologies Pvt. Ltd

Mobile App developers

PKC Management Consulting Pvt. Ltd

Chartered Accountants

RLT Instrumentation Pvt. Ltd

Manufacturer of Flow Meter, Level Transmitter & Pressure Transmitters

Royal Cyber Pvt. Ltd

Business solutions provider. It is an IT Consulting & Digital Transformation Company, specializing in Services, Solutions and Software

Sai Titanium Products Pvt. Ltd

Exporter of Exotic Metal Equipments and activated metal anodes


C hamber cha m b e r ne w s

News

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MCCI BULLETIN October 2019 - December 2019

Our

Heartfelt

Condolences

demise of Mr.S.G.

for

the

Prabhakharan,

Past President, MCCI and Dr. Nirmala Prasad,

Past

General

Committee

Member.

Published by The Madras Chamber of Commerce & Industry, Karumuttu Centre, I floor, No. 634, Anna Salai, Nandanam, Chennai 600 035 Tel 044-24349452 Fax 044-24349164 Email madraschamber@madraschamber.in URL www.madraschamber.in

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