PHD Chamber of Commerce and Industry Unveils Path Forward for 2023-24 Under the Leadership of President Mr. Sanjeev Agrawal

9th October, New Delhi– The robust growth trajectory of India in the global ecosystem has been a beacon of hope and resilience. Under the aegis of PHDCCI’s new leadership, Mr. Sanjeev Agrawal , President, PHDCCI, Mr. Hemant Jain, Senior Vice President, PHDCCI, and Mr. Rajeev Juneja, Vice President, PHDCCI, the Chamber is geared to further this momentum.

“In today’s global economic landscape, India stands tall as a symbol of resilience and burgeoning potential, especially in the wake of the challenges presented by the pandemic,” remarked Shri Sanjeev Agrawal , President, PHD Chamber of Commerce and Industry (PHDCCI),& Chairman – MMG Group “Witnessing our GDP consistently grow beyond 7% underscores the determination and vigour of our nation. This growth isn’t solely due to numbers but is a testament to the relentless spirit of our businesses. With the solid backing of facilitative reforms and unwavering support from the government, our small and medium-sized enterprises are now set on a trajectory of significant expansion. As we resonate with our motto, “यही समय है, सही समय है”, my vision for the future sees our SMEs not just as localized entities but as global powerhouses, intricately connected with global value chains. In a world marked by geopolitical challenges, inflationary pressures, and fluctuating interest rates, India’s narrative is one of triumph, highlighted by our G20 success. As we chart our path forward, my unwavering commitment is to empower the MSME sector, advocate for ease of doing business at all echelons, and ensure that India’s economic ascent continues unabated, transforming our story from one of recovery to undeniable leadership,” Detailing the roadmap for the upcoming year, Mr. Agrawal emphasized:

· Elevating the scale and reach of the MSME sector.

· Empowering grassroots businesses with a streamlined operational environment

· Building robust domestic and international value chains.

· Cutting down regulatory overheads for smoother business processes.

· Championing technological interventions and skill enhancement for MSMEs.

“Against a backdrop of geopolitical tensions and worldwide economic shifts, India’s continued growth and adaptability are exemplary,” Mr. Agrawal further noted.

Our SMEs with their strong connectivity with global value chains and market access in our major export destinations would enhance India’s GDP and employment creation, he said.

Mr. Hemant Jain, Senior Vice President, PHDCCI, & MD- KLJ Group of Companies delved into the Chamber’s initiatives surrounding technology and state fiscal health. “Technological evolution, particularly the strides we’re making in Artificial Intelligence, represents a pivotal moment for India. Our nation is not just a participant, but a frontrunner in this technological renaissance. Initiatives like the ‘National Mission on Interdisciplinary Cyber-Physical Systems’ and the ‘Digital India’ program are not just policies; they’re our commitment to leapfrog into the future. Moreover, understanding and addressing the fiscal health of our states is paramount. The introduction of state export mapping is a transformative approach, shining a spotlight on the unique export potentials inherent to each state. This isn’t just about numbers and trade; it’s about weaving a tapestry of resilience, inclusivity, and prosperity for the entire nation. By fortifying our states’ economic backbone, we’re setting the stage for a robust, thriving India that’s ready to lead on the global platform,” he said.

Mr. Rajeev Juneja, Vice President, PHDCCI, Vice Chairman & Managing Director- Mankind Pharma Ltd, spotlighted the organization’s commitment to holistic human development. “Human capital is at the heart of any nation’s progress, and India’s demographic dividend offers us a unique advantage. Our government’s dedication, through initiatives like the National Health Mission, Ayushman Bharat, and the visionary National Education Policy, showcases an unwavering commitment to the holistic development of our citizenry. We’re not just aiming for literate minds but enlightened ones, fostering a learner-centric environment. Furthermore, our strides in space exploration signify more than just scientific achievements. Reaching the Moon and setting our aspirations towards the Sun, as we ready ourselves for सूर्य नमस्कार,, reflects our nation’s spirit of ambition, perseverance, and innovation. These endeavors mirror our ethos that the sky isn’t the limit; it’s just the beginning,” he expressed.

As India embarks on an exhilarating journey of innovation, digitization, and global prominence, PHDCCI stands steadfast in its commitment to bolstering industrial growth, fostering collaborations, and amplifying the ethos of ‘Vasudhaiva Kutumbakam’.