By IANS
Mumbai : Connecting rural masses to the national mainstream is required in order to achieve the goal of sustainable value, as the next horizon of growth is rural India, said a top banker here Tuesday.
Managing director and CEO of ICICI Bank K.V. Kamath, who is also vice-president of industry organisation Confederation of Indian Industry (CII), made this statement while addressing chief financial officers (CFO) at their fifth summit organised by CII.
Releasing a CII and PricewaterhouseCoopers (PWC) joint report on “Sustaining Value”, Kamath said that without inclusiveness there would be no sustainable value creation.
Kamath also pointed out the sustainable value creation needed to be addressed both at the national and corporate levels.
The CFO summit, while enumerating the critical challenges faced by the industry, emphasised that in an environment where innovation was driving change at a tremendous speed, there was a need is to innovate products and processes to bring about sustainable growth.
The summit highlighted the need to reach out to the masses and create a pool of trained and skilled force that would be ready to accept the challenge of bringing about inclusive sustainable growth.
CFO summit chairman and chief financial officer of Larsen and Toubro Ltd, Y. M. Deosthalee, said: “India has been on a growth trajectory with 8 percent growth and the momentum is expected to continue. There is a marked change in Indian entrepreneurs.”
The industry’s top CFOs and finance professionals attended the summit and deliberated on various issues of financial risk management, capital allocation, people retention and human resource management to achieve sustainable value creation in the emerging Indian economy.