HARMONIZING REGIONAL GROWTH IN STATES KEY TO INDIA’S DEVELOPMENT
~President, CII at the CII Growth Summit
CII Northern Region Announces New Leadership for 2024-25
A glimpse of the inaugural session at The Growth Summit
Mr Madhav Singhania, Chairman, CII Northern Region & Mr Sunjay Kapur, Deputy Chairman, CII Northern Region for 2024-25
Leaders from across industries convened today at The Growth Summit to deliberate on India’s trajectory towards becoming a global economic powerhouse. Hosted by CII Northern Region, the summit ignited discussions essential for propelling India towards becoming a global economic powerhouse.
In his address, Mr R Dinesh, President, CII and Chairman, TVS Supply Chain Solutions Ltd emphasized the imperative for India to integrate seamlessly into the global growth narrative. Highlighting key focus areas such as ease of doing business, digital empowerment, and harmonized, equitable growth for MSMEs, he outlined a blueprint for India to emerge as a leader in setting international standards. Furthermore, he stressed the need to shift focus from merely attracting investments to also bringing sovereign wealth into the nation.
Mr Sanjiv Puri, President-Designate and Chairman & Managing Director, ITC Ltd echoed these sentiments, emphasizing the significance of global positioning and competitiveness. He rallied industry stakeholders to identify avenues where they can catalyze change, collaborating with value chain partners and policymakers to nurture robust ecosystems essential for sustained competitiveness.
Building upon this vision, Mr Deepak Jain, Immediate Past Chairman, CII Northern Region and Chairman, Lumax-DK Jain Group emphasized the need to scale-up operations to augment economic value and achieve exponential growth.
Mr Chandrajit Banerjee, Director General, CII in his address, envisioned Indian states as the next frontier of growth, advocating for a concerted effort towards enhancing ease and cost of doing business. He also stressed the importance of adequate investment and capex to trickle down to states that would enable them to be ‘the next growth story in India’.
In a concurrent announcement, CII Northern Region announced Mr Madhav Singhania, Deputy Managing Director & CEO, JK Cement Ltd, and Mr Sunjay Kapur, Chairman, Sona Comstar, as Chairman and Deputy Chairman, respectively, for the 2024-25 term. The proficient incumbents were elected during the first meeting of the newly elected Regional Council members.
Outlining CII Northern Region’s six priority areas for 2024-25, Mr Madhav Singhania, Chairman, CII Northern Region shared his vision for increasing the MSME-Academia connect in the states to amplify the region’s strengths and leverage the new-age opportunities, as reflected from the deliberations at The Growth Summit.
The priority areas mentioned by Mr Singhania were – Policy Advocacy, Growth & Inclusiveness, Water & Sustainability, Membership Engagement, Internationalization, and Competitiveness.
About the CII Northern Region Leadership for 2024-25
Mr Madhav Singhania is the Deputy Managing Director CEO of JK Cement Ltd, a US$ 3.5-billion enterprise listed on the NSE. JK Cement Ltd is a 23 MTPA Grey Cement producer and the 3rd largest White Cement producer globally. He is the Director of JK Maxx Paints and under his able leadership, JK Cement recently forayed into the paints and construction chemicals business.
He has been instrumental in setting up JK Cement’s maiden overseas plant in Fujairah from where it exports white cement to 0ver 40 countries internationally. He is on the Board of Management of Sir Padampat Singhania University, Udaipur which is one of the top Engineering & Management schools in Rajasthan. He has keen interest in sports and is the President of Uttar Pradesh Squash Association and Life member of Uttar Pradesh Cricket Association.
Mr Sunjay Kapur is the Chairman of Sona BLW Precision Forgings Limited (Sona Comstar), one of the world’s leading mobility technology companies. Sona Comstar was founded in 1995 and is headquartered in Gurugram, India. It is a global supplier with nine manufacturing and assembly facilities, R&D centres and engineering capability centres across India, USA, Serbia, Mexico, and China. The company primarily designs, manufactures, and supplies highly engineered, mission-critical automotive systems and components to automotive OEMs. Sona Comstar is a leading supplier to the fast-growing global Electric Vehicle (EV) market. Sona Comstar is listed on BSE Ltd and the National Stock Exchange of India Ltd.
With over two decades of experience and expertise in the automotive industry, Sunjay holds eminent positions in several autonomous industry bodies and associations. Sunjay is a Member of the National Council of Confederation of Indian Industry. He is the appointed Chair of CII Europe Committee (2023-24), contributing to strengthening business and trade ties between India and Europe. He is also a Member of the Advisory Board of CII-Triveni Water Institute.
