JK News Today
Jammu Nov 24
International Centre for Cross-Cultural Research and Human Resource Management (ICccR & HRM), University of Jammu organized National Round Table on the theme of “The Global Business Scenario and India’s Way Ahead” with an objective of initiating debate and discussion for comprehending the complexities and opportunities of the global business world that provide a platform for understanding the path that lies ahead for India as an economy.
Prof. Neelu Rohmetra, Director, International Centre for Cross-Cultural Research and Human Resource Management (ICccR & HRM), University of Jammu in her opening presentation on ‘Current Issues, Concerns & Debate in Global Business’ deliberated upon the Global Business Landscape and highlighted the several global risks that are spotted in the world map in terms of economical, political, technological, cultural, climatic, environmental issues etc.
Taking a holistic picture, Prof. Neelu Rohmetra presented and outlined the broader issues and concerns of global business functioning. She elaborated upon the fact that the biggest challenge facing global organisations is ‘Refreshing the Global Mindset’ and accommodating to global learning & flexibility. She deliberated upon the readiness of India, as a nation, to march ahead in the league of developed nations. Prof. Neelu Rohmetra also posed an array of questions that global business managers need to address to be able to sustain themselves in the ever-changing globalized and multicultural business world.
Prof. Gulshan Sachdeva delivered a talk on the theme ‘Crisis in Europe and India Europe Economic Ties’. Prof. Sachdeva threw light upon the relationship between Europe and India in terms of the strong linkages being held between the nations especially in case of technological and historical associations. He acquainted the participants about the relevance of the EU towards all institutions of global governance alongwith the power being possessed by them in contrast to the geopolitical and hard securities domain wherein the presence of Europe is not felt.
Prof. Sachdeva also discussed the economic dominance of Europe. He provided the audience with an insight into the different types of crisis like the Refugee Crisis, Brexit, Sovereign Crisis, Ukrainian Crisis, Crisis of popularism, legitimacy crisis as well as banking crisis. Prof. Sachdeva deliberated that the crisis in Europe, if continues for 5-10 years, shall have serious implications for India as well.
Dr. Debasis Chakraborty, presented a talk on ‘India’s Act East Policy: Expectations, Emerging Trends and Concern Areas’. He discussed comprehensively about the trade patterns as developed by India’s participation with the regional trading blocs like ASEAN, SAARC, China, Japan and others. He depicted a clear picture of the statistical data while simultaneously indicating possibilities of further integrations. Dr. Chakraborty also highlighted the nuances of International Trade and mentioned about how value addition at every step can be advantageous for India’s progress in trade agreements. He also reflected upon the direction in which India is currently heading in its relation with East & South East Asia.
Prof. Vijay Vancheswar delivered a talk on ‘Tryst with Uncertainty, Disruption & Trust’ and highlighted eight primary challenges that are seen and felt across the global business world. He elaborated upon the slowing down of trade, global investments and people migration, the unpredictability and vulnerability of global financial risks, the rising of income inequality, the drop down rate in the flow of people across nations, the growing dependency on technology, sustainable development alongwith addressing the issues of food security and healthcare.
He also brought forward to the house that amidst the various challenges that are prevalent in the global context, there are six opportunities that pave way for India’s growth which are inclusive of creating opportunities for benefitting substantially through ease of restrictions, focus towards FDI, tapping the strength of knowledge pool and industry in an increasingly digital world, fast track progress in sustainable development, attracting global talent and opportunities. He outlined that the companies that focus on purpose perform better than companies that focus on profits.
The debate further proceeded with the talk of Prof. Dipankar Sengupta who presented on ‘The USA Economy & its implications for India” wherein he discussed about the market polity and expansionary budget. Prof. Dipankar reflected upon the modest tint that has been observed in the shift is middle-class society of the US which is shrinking at a particular pace. He detailed the several aspects of US crisis and how the recovery was hit due to European crisis.
During the Session II under the theme of ‘Global Business Scenario and J&K Perspective’, Sh. Rakesh Gupta elaborated upon the transformation era especially in the context of the impact of demonetisation on the industry of J&K. Sh. Rakesh Gupta also elaborated upon the several initiatives, especially from the governmental standpoint, that must be undertaken and the awareness that must be created with regards to the sick units operating in the State of J&K.
Annil Suri discussed the several challenges confronted by the industry in the State of J&K, highlighting J&K border bottlenecks, high cost of carrying raw material, unavailability of skilled manpower, security issues and unwillingness of banks to invest in businesses making it difficult for business activities to take place. He added that despite this gloomy picture there still lies a hope for risk takers in the State in the form of the reducing departmental interfaces, transforming mindsets and digital marketing etc. The government initiatives like ‘Make in India’, ‘Digital India’, etc, he added, are the new pathways for any State for its development. He also threw light upon the regimes of Goods & Services Tax (GST).
Prof. R.D. Sharma, Vice-Chancellor, University of Jammu, during his address, said that today’s global business world seeks to produce managers and professionals who are capable of channelizing their energies towards the development of societies and nations at large. He congratulated the team of ICccR & HRM for organising this academic forum for triggering debate and deliberations which can facilitate in the process of professional growth of the young participants.
Dr. Pallvi Arora, Assistant Professor, ICccR & HRM, presented the report of the National Round Table at the valedictory session. The programme was attended by Prof. Keshav Sharma, Registrar and Dean Business Studies, University of Jammu, Sh. Neeraj Sharma, Special Secretary to Vice Chancellor, students, research scholars and faculty members from various departments, besides MBA (IB), PGDCCM and MBA and MCA students of Kathua Campus.
Dr. Pallvi Arora, Dr. Amrinder Singh, Dr. Rdhi Sharma, Dr. Bhanu Pratap Singh and Ms. Shivani Rana, faculty at ICccR & HRM coordinated the event. The Student organising team included Sidhant Randhawa, Shivam Mahajan, Kunal Jain, Manu Sharma, Mohammad Shameem, Akriti Saini, Sarthik Sharma, Rayees, Jaspreet Kour, Takrar Ahmad from MBA (IB) 1st and 3rd Semesters.