“Without inclusiveness there is no sustainable value creation” said Mr K V Kamath, Vice President, CII & Managing Director & CEO, ICICI Bank at the CII’s 5th CFO Summit, 2008 in Mumbai today.

While releasing the exclusive CII-PWC Report on ‘Sustaining Value’, Mr Kamath articulated his views on the requisites and actions required by corporates to sustain value creation. “To me sustainable value creation needs to be addressed at the national level apart from the corporate level. Connecting the rural masses to the mainstream is required to achieve the goal of sustainable value. Clearly next horizon of growth is rural India” emphasised Mr Kamath at the Summit.

“In an environment where innovation is driving change at a tremendous speed, as an organisation, the need is to innovate products and processes to bring sustainable growth” specified Mr Kamath, while enumerating on critical challenges faced by the industry today. Mr Kamath further highlighted the need to reach to the masses and to create a pool of trained and skilled force that would be ready to accept the challenge of bringing an inclusive sustainable growth.

“India has been on growth trajectory with 8% growth and the momentum is expected to continue. There is marked change in Indian entrepreneurs and leader. In this environment of major market movements, it is important to manage associated risks” said Mr Y M Deosthalee, CFO Summit Chairman & Chief Financial Officer, Larsen & Toubro Ltd in his introductory remarks. “Though each corporate is different, those focussed on sustaining value creation grow better” expressed Mr Deosthalee. He also continued by saying “integrating sustainability in our value creation is of prime importance.”

At the Summit which was well attended by industry’s top most CFOs and financial professionals, Mr Shrinivas Dempo, Chairman, CII – WR mentioned that the current Summit was to discuss and deliberate on various dimensions like financial risk management, capital allocation, people retention and human resource management to achieve sustainable value creation in the emerging Indian economy.

Sourced From: Confederation of Indian Industry

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