Category: Press Release

“PARTNERS IN PROGRESS” EVENT

On the occasion of the International Men’s Day, the Women Business Council of the Madras Chamber of Commerce and Industry hosted a special interactive session on the topic of “Partners in Progress” on a virtual platform.

The guest speaker was Mr Ravi Raman, Global Delivery Head, State Street HCL Services Pvt Ltd in conversation with Ms Subhasri Sriram, Joint Managing Director, Shriram Capital Pvt Ltd. A conversation started to understand the importance of diversity, inclusion, gender parity and celebrating differences together. Speaking on the event, Mr Ravi Raman said, “Inclusion is about having space in your mind to accommodate another person. It is about taking pride that you have a reflection of society that believes in inclusion and not something that is done for a day and forgotten.”

The session covered on topics of gender parity, wage parity, need to remove bias based on gender and orientation and about the approach to introducing a more inclusive environment in a workplace. The speaker gave actionable points that everyone can apply which are creating role models irrespective of gender and those which are based on skills and achievements. Grooming the idea of inclusion to work with all colleagues irrespective of their gender. Success should not be celebrated according to the gender but in tune with the work accomplished.  

Ms Subhasri Sriram concluded the session noting, “The unconscious bias and barriers can only be crossed when everyone works together without the barriers of gender.”

மதராஸ் வணிகத்துறை மற்றும் தொழிற்சங்கத்தின் புதிய தலைவர் மற்றும் துணைத் தலைவர்களின் தேர்தல் – 2024-26

மதராஸ் வணிகத்துறை மற்றும் தொழிற்சங்கத்தின் 188-ஆவது ஆண்டு பொதுக்கூட்டம் 2024 ஜூலை 29 அன்று சென்னையில் உள்ள ஐடிசி கிராண்ட் சோலா ஹோட்டலில் நடைபெற்றது. இதில் செம்பிளாஸ்ட் சன்மார் லிமிடெட் நிறுவனத்தின் மேலாண்மை இயக்குநர் திரு. ராம்குமார் சங்கர் அவர்கள் தலைவராகவும், டெல்பி டிவிஎஸ் டெக்னாலஜிஸ் லிமிடெட் நிறுவனத்தின் தலைவர் திரு. ஏ. விஸ்வநாதன் அவர்கள் துணைத் தலைவராகவும் தேர்ந்தெடுக்கப்பட்டுள்ளனர்.
தலைமையுரையில் திரு. ராம்குமார் சங்கர் அவர்கள், “மதராஸ் வணிகத்துறையினரின் பொறுப்பை உணர்ந்து, நமது மாநிலமான தமிழ்நாட்டின் தொழில் மேம்பாட்டிற்கான மகத்தான நோக்கத்திற்காக தொடர்ந்து சிறப்பாக செயற்படுவோம். நமது மாநிலம் இந்திய மாநிலங்களில் #1 இடத்தை அடையும் பாதையில் தொடர்ந்து பயணிக்க நாங்கள் நமது முழுமையான முயற்சியையும் செலுத்துவோம்” எனக் கூறினார்.
மேற்கண்ட தகவல்களை உங்களின் மதிப்புமிக்க ஊடகத்தில் சிறப்பாக வெளியிட உதவினால் மிகவும் நன்றாக இருக்கும். அவர்களின் புகைப்படங்கள் உங்களுக்காக இணைக்கப்பட்டுள்ளன.

EV30@30 Envisioning Sustainable Electric Vehicle Adoption

The Madras Chamber of Commerce & Industry, in association with the Indo-American Chamber of Commerce, hosted a roundtable discussion titled “EV30@30: Envisioning Sustainable Electric Vehicle Adoption.” The event featured Ms. Alessandra Carreon, Commissioner of the Michigan Public Service Commission, U.S., as the main speaker.

Mr. T.R. Kesavan, President of the Madras Chamber, opened the session with an insightful discussion on the current trends in the electric vehicle (EV) industry and the significant progress in Tamil Nadu. He emphasized the importance of enhancing infrastructure to promote higher EV adoption and urged the government to prioritize this crucial component for the industry’s continued growth and success.

Mr. Vishnu Venugopalan IAS, MD & CEO of Guidance, delivered the keynote address, outlining Tamil Nadu’s comprehensive strategy for sustainable EV adoption, battery circularity, and fostering a robust EV ecosystem. He highlighted the State’s dedication to innovation and environmental responsibility.

Mr. Chris Hodges, Consul General at the U.S. Consulate General in Chennai, expressed his interest in exploring partnerships with the Indian diaspora to participate in skill development and knowledge sharing in the EV space.

Ms. Alessandra Carreon shared her experience in setting up EV infrastructure in Michigan, detailing the planning and execution of EV infrastructure models and the valuable learnings from the process.

The discussion was well-attended by business leaders and academia with a vested interest in the future of electric vehicles

The Madras Chamber of Commerce & Industry Hosts Fourth Edition of “Phygital 2024: Securing your Business Information in the Digital Era of Cloud & AI”

The Madras Chamber of Commerce & Industry successfully held the fourth edition of “Phygital 2024: Securing your Business Information in the Digital Era of Cloud & AI” on 8th July 2024. Mr T R Kesavan, President, of Madras Chamber, set the tone for the event in his inaugural address, he said, “Cyber security is moving beyond being a small part of a company’s IT component. It is moving into industries, which have traditionally not taken it seriously. In today’s connected world, cyber-security is what keeps business information safe, and ensures continuity of business.”

The Special Guest for the event for the Inaugural session, was Mr. Ramkumar Ramamoorthy, Partner at Catalincs and Former CMD of Cognizant. In his keynote address, Mr. Ramamoorthy highlighted the critical need for enhanced cyber security measures, stating, “According to a recent Forrester report, we have seen increased ransomware attacks on manufacturing and healthcare companies. Given the increased use of IoT and edge computing in areas such as autonomous vehicles and medical health devices, attacks on products, devices, and real-time systems are bound to increase. It’s not just private corporations, but governments also need to increase their cyber vigil and investments. With many national assets including energy grids and dams getting IoT enabled, governments need to up their investment in cyber preparedness and remediation efforts to protect themselves from non-state actors who are hyperactive in an increasingly polarized world.”

The day-long event hosted cyber-security experts from various industries who emphasized the importance of cyber-security in an era where Cloud and AI adoption is accelerating. The experts covered critical topics such as Digital Assets, Digital Trusts, and Strategies to protect business information.

Panel discussions provided in-depth insights on subjects like “Hidden Risks in Cloud and outsourcing your IT and IT-enabled processes”, “Managing Security Threats in your shop floor, IT & OT Automation”, and “Knowing and Complying with IT and cyber security laws and regulations.”

The audience actively engaged with the experts, gaining valuable knowledge and clarifying their queries in this increasingly crucial domain. The event underscored the growing importance of robust cyber-security measures for every company in today’s digital landscape.

RISKS AND CLAIMS by THE MADRAS CHAMBER OF COMMERCE AND INDUSTRY

The Madras Chamber of Commerce and Industry organized a significant program titled “Lessons from Baltimore: Risks and Claims” on May 13, 2024. The event centered around extracting key insights from the maritime incident in Baltimore, with a specific focus on risks and claims, drawing comparisons to the Suez Canal blockage. This event was co-hosted by the Association of Multimodal Transport Operators of India and the Federation of Freight Forwarders Association in India.

The keynote address was delivered by Dr. Malini Shankar, IAS, Vice Chancellor of the Indian Maritime University, who emphasized the pivotal role of maritime trade, responsible for transporting 75% of global goods. Dr. Shankar emphasized the critical need for documenting such maritime incidents, noting their frequency and the imperative to learn from them. She stressed, “Maintaining documentation of these incidents is essential for understanding legal and policy implications, safeguarding human interests, and preventing future disasters.”

The panel discussion, chaired by Mr. S N Srikanth, CEO & Senior Partner of Hauer Associates, provided a comprehensive overview of the risks, limitations, and liabilities inherent in the maritime industry. Mr. Amitava Majumdar, Managing Partner of Bose & Mitra & Co., Mumbai, a respected expert on maritime law, discussed the challenges and available solutions for situations akin to the Baltimore incident. Mr. Majumdar highlighted the complexity of international dealings involving multiple agencies, stressing the importance of contractual law understanding for shipping stakeholders to ensure adequate protection.

Mr. Muthu Jagannath, Director of NAU Pte Ltd, Singapore, addressed claims management, advocating for preparedness and robust contingency plans within shipping companies. He emphasized the significance of maintaining strong relationships with all involved parties to facilitate swift and amicable dispute resolutions in emergency scenarios.

The event attracted shippers, exporters, importers, and industry leaders who actively participated in a Q&A session with the speakers. The event was also live-streamed nationwide to engage a broader audience.

The event is available to view on our YouTube channel https://youtu.be/fsCtPZgb8ko

Madras Chamber of Commerce & Industry (MCCI) Hosts Successful Event on Rooftop Solar for MSMEs: Path to Decarbonization

The Madras Chamber of Commerce & Industry (MCCI) recently held a special session in collaboration with Auroville Consulting on the topic of “Rooftop Solar for MSMEs: Path to Decarbonization.” This insightful event aimed to highlight the importance of decarbonization and the pivotal role of emission-free energy in transforming industries.

Mr. Suryanarayan Rao, Chairman of the Energy Committee of MCCI, set the tone by emphasizing the significance of decarbonization for industries. Raghav Nandakumar, a lead consultant from Auroville Consulting, addressed the audience on the broader impacts of climate change, stressing the urgent need for technology adoption to achieve carbon neutrality while ensuring sustainable consumption.

During the session, Dr. G Giridhar, Former Director at the Ministry of New & Renewable Energy, showcased successful case studies of MSMEs in India that have embraced renewable energy solutions. Mr. K.S. Chandra Sekar (DGM-Chennai, SIDBI) and Mr. S Aravind (CS CSC, State Bank of India) discussed various financial avenues available to MSMEs for transitioning to renewable energy, particularly rooftop solar installations.

A highlight of the event was the presentation by Mr. Frano D’Silva from Auroville Consulting, who introduced ‘Solsavi’, an open-source application aiding households and businesses in estimating renewable energy needs and connecting them with appropriate vendors.

The panel discussion, moderated by Mr. Toine Van Megen (Co-founder, Auroville Consulting), explored challenges and opportunities in renewable energy adoption. Dr. Sagar Agravat (Larsen & Toubro, Chennai) and Dr. S. Sankara Narayanan (Former General Manager, TEDA) emphasized collaborative efforts between government and industries to facilitate the transition to renewable energy.

Mr. Martin Scherfler, co-founder of Auroville Consulting, concluded the event by summarizing key insights and highlighting the financial attractiveness of rooftop solar as a solution aligned with Environmental, Social, and Governance (ESG) standards.

In his closing remarks, Mr. Scherfler underscored that environmental consciousness is not only a business imperative but also an ethical duty.

The event was attended by industry experts, policymakers, and representatives from various MSMEs, showcasing a strong commitment towards sustainable energy practices.

ROUND TABLE BETWEEN INDIA AND AUSTRALIA ON EMERGING TRENDS IN SKILL REQUIREMENTS IN INDIA

A round table interaction was organized on April 10, 2024 between the delegates of Australia and India by the Australian Trade Commission and the Madras Chamber of Commerce & Industry to discuss the skill requirements in the verticals of energy, education and infrastructure and discuss how mutually beneficial relationships can be cultivated for the same. The discussion was chaired by Mr Leo Bremanis, Australian Investment and Trade Commissioner for South Asia, Mr T R Kesavan, President, MCCI, and Mr Abdul Ekram, Australian Investment and Trade Commissioner.

Mr. Bremanis initiated the session by delineating Australia’s commitment to collaborating with India for future skill development. He emphasized, “India stands as a pivotal partner for global sustainability, and Australia is dedicated to crafting skill enhancement programs for India’s workforce. We are particularly interested in forging alliances in Tamil Nadu, inspired by its vision of attaining a USD 1 trillion economy, and its leadership in automotive, electronics, and renewable energy sectors.”

Industry leaders present shared their thoughts on the topics of how-to bring change to the skill development fields to ensure that everyone was future ready. Sharing his views, Mr Shivaraman, Vice Chairman – Orient Green Power, said, “Technology is changing rapidly and today people are not prepared to handle the demands of renewable energy supply as the skill set is lacking. To be future ready it was important to look at the grassroots requirements in the energy space to ensure that they are future ready.”

Expressing the pressing concern within the infrastructure sector, Mr Praksh Challa, Managing Director, SSPDL Group, said, “We need to develop targeted programs aimed at vocational training to cultivate a pool of highly skilled workers. Today the infrastructure industry is suffering from lack of quality civil engineers and we may need to consider a re-evaluation of the entire curriculum to address this deficiency effectively.”

In proposing strategies to mitigate the skills gap in India, Mr. M Sairam, Associate Director at Athena Informatics, said, “We need to prepare people sustained career growth rather than merely immediate employment. Training programs have to be centred around real-world applications and this approach is pivotal for preparing individuals to fulfil job roles proficiently rather than merely executing tasks.”

Recommendations crystallized into actionable steps, encompassing bridge courses for technology retraining, industry-academia collaborations, curriculum modernization, and a heightened focus on vocational training as a competitive career enhancement tool.

The session was aptly summed up by Mr T R Kesavan, President, MCCI, who stated, “We need to draw out technology maps for the future, these will help us identify what sort of skills are needed to handle the rapidly changing future technology. This proactive approach will improve our ability to identify skill gaps more accurately and equip individuals to adeptly navigate and embrace technological advancements.” He reassured them of the Madras Chamber’s support in identifying and collaborating on pressing areas to begin with.

Following the event, a networking dinner took place, during which the Australian Consul-General, Ms. Silai Zaki, emphasized the importance of collaboration between India and Australia, with a specific focus on Tamil Nadu. She stated, “The skilling sector in Tamil Nadu presents significant opportunities, particularly in emerging fields such as energy and infrastructure. Australia is committed to investing in the Australia-India Future Skills initiative to facilitate collaboration between both countries in pursuit of their ambitious economic objectives. We have observed the establishment of Australian businesses in Tamil Nadu, and we aspire to foster partnerships that will cultivate a skilled workforce, thereby contributing to Tamil Nadu’s economic advancement.”

Comments from the Madras Chamber on the Tamil Nadu Budget 2024-25

A budget focussed on Infrastructure, Skilling and New technology promotion, the Tamil Nadu Budget 2024 presented by Honourable Finance Minister, Thangam Thenarasu, was themed around the seven objectives of the Grand Tamil Scheme.

The Madras Chamber commends the focus on AI and giving it the importance by creating a Tamil Nadu Artificial Intelligence Mission with focussed guidelines for AI in education, employment and medicine.

The commitment to improve our power situation with the promise to set up new pumped storage power stations and generation of 100 billion units of renewable energy for the state is a great move towards clean energy.

Equitable regional development has been a consistent recommendation of the Madras Chamber and the announcements for development of industrial and business parks in Tier II and Tier III cities will definitely give the economy a boost. The dual focus on urban and rural infrastructure development in the areas of metro rail, water and environment conservation is appreciated by the Chamber.

 

The continuous focus on skilling initiatives such as skill labs, re-skilling programs for women, etc. are a welcome move as it would keep Tamil Nadu ahead in attracting investments into the state for its skilled workforce advantage.

 

The promise of employment opportunities through government schemes and wage co-pays scheme to attract Global Capacity Centres (GCC) might be the move we need to brighten employment opportunities.

The Madras Chamber welcomes these initiatives by the Tamil Nadu government detailed in the budget for 2024-25.

T R Kesavan

President, MCCI

Comments from the Madras Chamber on the Interim Union Budget 2024-25

The Interim Budget 2024-25 by the Honourable FM Nirmala Sitaraman has given a resounding boost to the development agenda of the government against global headwinds with importance given to working towards becoming a resilient Indian economy. The focus on infrastructure capex deployment is a welcome move and we appreciate the announced spending of INR 11.11 Lakh Crores, which would be the highest ever outlay from the GDP at 3.4%. The announcements of strengthening the logistics systems through dedicated three corridors for freight railway and increased safety through conversion to Vande Bharat is a welcome move.

The dedication of the government towards innovation with an INR 1 lakh crore corpus with a 50-year low or zero interest loan for innovations by the youth in Deep Tech for defence would help fulfil our self-reliance goals. The recently announced India-Middle East-Europe corridor is going to be game-changer for our economy and the FM stressing on this in her speech has given confidence to the industry.

 

The promise of strengthening the energy sector through a mandate on CBG for transport (PNG) and domestic purposes (CNG piped gas connections), viability gap funding of offshore wind energy for an initial capacity of 1 gigawatt, and the announcement to support rooftop solarization for 1 crore households is appreciated by us.

 

We appreciate the focus to bolster our oil seed economy as this would be a boost to the Agri economy. We agree that the focussed investments in aquaculture and mariculture is the best manner to progress towards the Blue Economy 2.0. Tourism becoming a prominent feature with rating systems, additional services, improved facilities and government support are great moves by the government.

 

Overall, we welcome these initiatives by the government in this interim budget for 2024-24.

 

T R Kesavan

President, MCCI

MATRADE Award to MCCI

The Madras Chamber of Commerce and Industry was awarded the MATRADE Appreciation Award 2023 on November 2nd 2023, for the assistance rendered by the Chamber to MATRADE Chennai. MATRADE is a national trade promotion agency under the Ministry of Investment, Trade and Industry (MITI) to develop and promote Malaysia’s export to the world.

 

The award was received by Mr J Krishnan, Chair of the International Cooperation Committee of the Madras Chamber. Speaking on the occasion, the secretary general of the Madras Chamber, Ms K Saraswathi said, “The Madras Chamber is proud to receive this award for the trade facilitation services we provided to connect the two regions. The International cooperation working group headed by Mr J Krishnan is very actively pursuing many such activities to promote trade and commerce from our region and helping member companies to reach out to different geographies.”

 

The Madras Chamber continues to work with Trade offices of many countries , arrange for outbound business delegations and establish b2b exchanges with incoming business delegates and educate members on ever changing global market demands