chairman-speech

Chairman Speech

Dear Friends:
It is an honour to be elected as the 55th President of our esteemed organisation. My sincere thanks to my Office Bearers, Executive Committee members and above all, the members of our association.
Unveiling the theme “COCOCA” – Connect, Collaborate, Capitalize, at the installation ceremony held on November 21, 2018, at the Hyatt Regency, was a declaration of my intent to encourage active participation of all members in the various events to be organised throughout the year.
The association is thankful to the Honourable Minister for Industries, Government of Maharashtra, Shri Subhash Desai for gracing the event as the Chief Guest. Having witnessed the enthusiasm of our members who were present in large numbers, he has promised to extend all possible support in ensuring that BIA members get maximum benefit of the various government schemes for MSMEs.
The insights shared by our Guests of Honour, Shri Gautam Thakur, Chairman, Sarawat Bank and Shri Shrikant Badve, CMD, Badve Group had the audience in rapt attention. Starting from almost nothing to achieving a turnover of over ₹ 3000 Crores in 30 years, Shri Badve surely inspired all present to dream big and work diligently to fulfil that dream.
The association is thankful to the Honourable Minister for Industries, Government of Maharashtra, Shri Subhash Desai for gracing the event as the Chief Guest. Having witnessed the enthusiasm of our members who were present in large numbers, he has promised to extend all possible support in ensuring that BIA members get maximum benefit of the various government schemes for MSMEs.
The insights shared by our Guests of Honour, Shri Gautam Thakur, Chairman, Sarawat Bank and Shri Shrikant Badve, CMD, Badve Group had the audience in rapt attention. Starting from almost nothing to achieving a turnover of over ₹ 3000 Crores in 30 years, Shri Badve surely inspired all present to dream big and work diligently to fulfil that dream.
The economy has seen major fluctuations recently, oil prices reaching almost US$ 100 to a barrel at the start of October before nose-diving to almost half that in November, the US Dollar crossing the ₹ 75 mark and the Stock Market witnessing an almost roller coaster ride. Fortunately for an Oil importer like India, the lowering of the Oil prices means less pressure on inflation and less pressure on the RBI to raise interest rates. According to a Bloomberg report, the energy slump is a game changer for India and could mean the RBI shifts to a neutral outlook. Businesses can also hope for stability in the domestic factors with no major elections due until the general elections in May 2019.
Consistent with the theme of our Immediate Past President Mr. Ajit Singh Ahluwalia – “Time to Transform”, last year BIA organised some path breaking events like Speed Networking, BIA Conclave, Seminar on E-Way Bill, Cyber Security, Industrial visits to Spain and Gujarat etc. True to our theme for this year – Connect, Collaborate, Capitalize, we have planned such and many more events that will benefit our members greatly. We will start the year with a bang by having a Christmas & New Year party on December 15. This will be a great way to Connect amongst your fellow members and set the tone for the year. The BIA office will keep you informed of all the events well in advance.
As shared in my acceptance speech on November 21, I reiterate that the role of BIA is to bring together entrepreneurs – that is Connect, to help them partner with members having common interests – Collaborate, and generate mutually beneficial opportunities as a result of this partnership – Capitalize. I urge every single one of you to actively participate in the events of our association and derive maximum benefits for your businesses.
Thank you.
“CONNECT COLLABORATE CAPITALISE”

PRASANNA DONGRE

PRESIDENT