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CONVERGENCE – 2012
IFIM Business school hosted
“Convergence -2012”, the 4th Annual International
Conference on “Doing Business in India: Opportunities and
Challenges in the Service Sector” in Association with
LUBECK, Germany and Virginia Commonwealth University (VCU),
“Convergence is a challenge and opportunity to people” -
Padma Vibhushan Dr. M.S. Valiathan, National Research
Proceedings: The two days event “Convergence
2012 – the 4th Annual International Conference” kick
started on 11th Jan 2012 with the Inaugural function
solemnized at Hotel Crowne Plaza in Electronic city,
Bangalore in the benign presence of World fame
Academicians, Industry experts and Corporate Leaders. The
event started with lighting of lamp by the Chief guest
Padma Vibhushan Dr. M.S. Valiathan, National Research
Professor followed by a welcome address by Dr. B.P.
Pethiya, Director IFIM Business School.
Convergence is a challenge and opportunity to people. In
recent years there is a increase in public health in India
which has achieved success in health care sector. Three
important key aspects in district level committee is
recognition, decentralization, integration. Under public
private partnership scaling has been started. National
medical insurance is less in India. There s a lack of
innovative management and management community is ignored.
CONVERGENCE would help the people to bring out their
thought and also create opportunity for every sector of
management”, the Chief Guest said.
“One of the Fastest Growing Economy .India will triple
its Infrastructure spend to US$ 1.2 Trillion BY 2015.India
will add 250 Million people to her cities by
2020.Aggressive Mechanization of Farm sector (target +4%
YOY growth in o/p).GDP growth will attract large
investments in Skill based manufacturing” replied the
Guest speaker Mr.Manohar ,Director,Demand Chain,SKF
India Ltd. when asked Why India Market is attractive?
Guest Speaker Dr. Rafiq Dossani, Professor,
Stanford University spoke on CIO’s Challenges, SM(social
media) for new & more reliable information ,SMPs that are
widely used, especially ESMPs, Cases in which data
supported hypothesis, Cases not supporting the hypothesis,
CIOs still face significant challenges, therefore, in SMP
planning and adoption etc
conference was designed to discuss and deliberate on the
service sectors which are fast expanding and gaining
centre-stage in Indian Economy such as Retail, Health
and Medical Tourism Financial Services, Education.
The Panel discussion on 11th Jan, started off with
eminent personalities from the Indian retail industry
discussing about the advantages and the disadvantages of
allowing unrestrained FDI in the retail sector and come up
with a feasible model for the execution of the decision
and thus attaining higher economic growth on theme “FDI
in Retail: Impact on Indian Economy”. Mr. Bijou Kurien,
President, Reliance Retail played a wonderful role being
the moderator for the panel consisting of experts from the
retail Industry like Mr. Jonathan Yach, CEO, Mantri
Square, Bangalore, Mr. Satish Puranam, VP, Max Retail
Store, Mr. Shriram Sanjeevi, SBU Head - Lifestyle and
Food, Indiaplaza.com and others.
The Healthcare panel discussion, chaired by Dr.
Nanda Rajaneesh, Consultant in Gastrointestinal
Oncosurgery, VP Medical Services, Nova Medical Center on
theme “Healthcare beyond borders- Emergence of Medical
Tourism” had debate on Opportunities like India as a
favorite medical tourism destination & Concerns of this
particular sector which included Ethics and legal issues
from country to country, corruption, lack of transparency
among the facilitators, lack of health insurance coverage
and Standardized policy. Creating “Dualism” – Gap between
the rich and the poor, Care and Cure and infection, Over
the counter drug sales and, Holistic sync between the
political, social and economic plan.
Healthcare going beyond borders is a culmination of
science, technology, activism and altruism. Health care is
no longer about treatment it is also about prevention and
care. Disease is not limited to rich developed countries
alone; in fact poor developing countries suffer from
larger number of health care issues due to various socio
economic factors, said Dr. Nanda Rajaneesh.
The second day 12th Jan 2012 started with much awaited
discussion on Indian Education Sector – “Challenges and
Opportunities ahead” chaired by Prof. R S Nirjar,
Executive Chairman, IFIM Business School Bangalore.
Panel Discussion Experts included Prof. Joe Phillip,
President, XIME, Bangalore, Prof. S Sriram, Executive
Director, Great Lakes Institute of Management, Chennai,
Prof Chandra Bhushan Sharma, Professor of Education,
School of Education, School of Education, IGNOU, New
Delhi, and Dr. M Chandrashekar, Dean, M S Ramaiah
Institute of Management.
The Paper presentation in the education sector included
Opportunities and Challenges in Education sector, New
educational practices at IT-BPO services, FDI in
Education, Role of foreign entrants in education sector,
Impact of various training models at various sector,
E-learning Management ,Educational issues in rural
development, Innovative teaching methodology etc.
“Management Strategies in the Financial Services-
A critical review” was the theme of Financial services
panel which was chaired Mr. Sunil Damania - Editor of
Dalal Street Investment Journal.
This Panel Discussion had eminent people like Prof.
Prasanna Chandra. Director, CFM, Bangalore, Mr. Natarajan,
Managing Director and CFO, Helion Venture Partners Pvt.
Ltd, Mr. Deven Choksey, CEO K R Choksey Securities, Mr.
Ambareesh Baliga, COO, Way2Wealth, Mr Anil Saxena - Group
CFO Religare Enterprises, Mr. Muthu Kumar, M.D, Standard
chartered and critically evaluated the relative resilience
shown by the Indian economy and also aspects like
management strategies adopted by the BFSI sector, role of
foreign players and regulators, current approach to
identify investment opportunities such as Financial depth
from industry , Need for a single master regulator,
Potential for financial product innovation which lead
assurance of minimum returns to retail investors. On the
other hand an interesting debate on the concerns such as
Lack of financial Literacy – investor, Equity market to be
made less risky, the corporate investors being very
Last but not the least was the valedictory function and
thanks speech by Dr. Kavita Mathad, and Dr. M R Gopalan,
Director Research. Convergence 2012 was an event of its
own covered by highly reputed print and electronic media
houses, a remarkable event and was a great success as
commented by most of the delegates present during these 02