NEW DELHI, 22 July 2020: The final leg of the three-week Pan-IIT’s Global E-conclave concluded with key solutions and strategies to embark on as the country gets into recovery mode from the impact of the pandemic.
As the country tries to work through multiple challenges in these unprecedented times, the global IIT Alumni community with the stakeholders of India’s economy as a force to address the current crisis.
The third phase of the conclave witnessed intense discussions on rebuilding states & industry and re-imagining Agriculture, Food security, MSMEs and Livelihoods with Global IIT alumni and Indian policy makers, industry captains and third sector leaders.
The first session on ‘Rebuilding States’ featured Lok Sabha MP Jayant Sinha in conversation with UP Chief Yogi Adityanath sharing lessons learned from the pandemic and the steps taken by the government to battle it.
The second part of the session featured Rajiv C. Lochan, an IIT Madras Alumni and CEO of Hindu Group’s publishing vertical in conversation with Jayant Sinha discussing the systematic responses for structural changes.
“In UP, which has a population of approximately 24 crores, we came across multiple challenges while fighting against the virus outbreak but we managed to contain it during the four phases of lockdown. During the lockdown, we emphasised on keeping the agricultural industry active and focussing on the safety of our farmers and industrial workers,” Uttar Pradesh chief minister Yogi Adityanath said at the conference.
There were a record-breaking sugar and ethanol production during this period. We have also successfully kept our 2500 cold storages operational during this period. The best part was that we could monitor all of these through technology and digital platforms and we believe that this will help us in driving the economy and creating new jobs in the future,” the chief minister added.
The panel on ‘Re-imagining Agriculture and Food Security’ was moderated by IIT Kanpur alumnus Sanjeev Rangrass, the Group Head designate of ITC , which also featured PVS Suryakumar, the Deputy Managing Director of NABARD and Madhu Pandit Dasa, the chairman of The Akshaya Patra Foundation.
They discussed the agricultural reforms, their impact on rebuilding agriculture and benefits to the farmers apart from driving food security and nutrition during these difficult times.
The final day of the conclave witnessed the Union Minister of MSMEs, Road Transport and Highways, Nitin Gadkari and Grameen Bank founder Prof Muhammad Yunus in conversation with Mindworks CEO R. Gopalakrishnan, who is also an IIT Kharagpur alumnus. The trio deliberated on the strategies to revitalise MSMEs and the Indian economy as the livelihoods of 69 percent of the country’s working population are based on this sector.
“It is surprising to see how the poor in our country are not considered creditworthy by the banks. I would say it’s the other way round. The banks have not designed something for them. According to me, they have to be people-worthy in order to do business with them. So today, if we make this possible and issue license to the microfinance organisations as a social business so that they can take deposits and lend to the defined micro-entrepreneurs. Unless we do this, micro-entrepreneurs will not be able to progress,” Prof. Muhammad Yunus asserted the fire chat session.
“India’s most important requirement is to finance poor people and create employment potential. But the problem is for the people who are socially, economically and educationally backward, there is no availability of microfinance and that is exactly the need of the hour. In our agriculture, rural and tribal space which is dominated by 65% of the country’s population, the GDP growth rate and per capita income are very negligible. So our prime minister has identified 156 districts where we need to focus more on health services, education and economy,” Nitin Gadkari, Union Minister for MSME, Road Transport & highways from the Sarkar’s perspective said.
Meanwhile, the ‘Re-building Industry’ session featuring Adil Zainulbhai, the Chairman of Quality Council of India, India’s Sherpa to G-20 Suresh Prabhu and Sunil Wadhwani, the Co-founder & Chairman of Mastech, Inc. and IGATE discussed on how the forward-looking Indian Government can work towards turning crisis into opportunities. They praised how the government under the leadership of Narendra Modi is very cognizant of the potential impact technology in both the commercial industry and for the social good to transform India in the post-COVID era.
Emphasising on this optimism towards Indian companies and society as well as the role of India globally, Suresh Prabhu said, “Today’s COVID-19 situation is a reality affecting the entire world. The world has changed in terms of the way we are doing business, the way we are talking to people and the way we are living life. So, as the change takes place, it offers opportunities to those who were not necessarily part of the earlier system. Despite our country’s economy coming close to $3 trillion, we are not a big player in the world yet. But we can become one now because of the changes that have started taking place. With our country dealing with different countries, new supply chains will emerge, new ideas will dominate the world and in that situation, opportunities will arise.”
About PanIIT Alumni Reach for India Foundation
PanIIT Alumni Reach for India Foundation is a not-for-profit Section 8 company and the nation building arm of the Pan IIT India Alumni. Over the last ten years, the Foundation has established a successful collaborative model with Government and Business as stakeholders and delivered at scale on a self-sustainable, job assured, loan funded , vocational skilling model enhancing the incomes and livelihood of the underprivileged.
The Foundation is managed by PanIITian professionals and domain experts and is overseen by an advisory board of PanIITian alumni and invitees from across Corporate and Academia. The Foundation sets up 'Rural Skill Gurukuls' (short term skilling programs ) and ‘Kaushal Colleges’ (2 year residential programs) for underprivileged & tribal youth with 100% assured placements and loan financing and has a Joint Venture with Government of Jharkhand. It is now expanding its presence to other states such as Bihar, Orissa, Madhya Pradesh and Chhattisgarh.