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- Academic experts and prominent people from the business industry talked about how GST can transform business in India.
- various students, professors from IIM and other experts discussed how innovations are essential for commercialized success.
Indian Institute of Management, Rohtak hosted its first Mumbai management conclave on November 11, 2017. The major purpose of hosting the conclave was to augment interface between industry and academia for the transformation of business scenario in India. Industry experts and top academics from Indian Institutes of Management took part in the management conclave. Discussions took place on innovation and the way it could transform the business environment specifically and nation in general. Over 55 students and 5 faculty members from IIM Rohtak played a vital role in organising the event.
The industry experts and academics discussed the way Goods Service Tax (GST) could transform the business environment, investment in India and consumption behaviour. Professor Dheeraj Sharma Director of IIM Rohtak pointed that GST is an innovation in governance and tax collection. New changes in GST might further stimulate consumer demand by minimising inflation, increasing investment and encourage better tax compliance among small businesses and traders.
Also Read: - IIM Rohtak Management Summit Witnesses Participation of Top Business Leaders
Over 15 industry stalwarts and faculty of IIM conducted discussions on the impact of fostering and commercialising the innovation.
The major invitees who spoke at the event were: -
- Mr. Rajesh Dubey – President (Alkem Labs)
- Mr. Bal Mukand Singh – AVP-HR (HDFC Ergo)
- Pia Shome – Vice President (RBL Bank)
- Mr. Prabhat Agarwal – CEO (Alkem Labs)
- Sonali Dhawan – Marketing Director (P&G)
Speaking of GST, Sonali Dhawan mentioned that it would make products affordable. She further termed that failure in innovation is a highly people-related issue and not a product related issue.
Also Read: - Strength of Girl Students Increases by Threefold at IIM Rohtak in 2017
Expressing his opinion on GST, Mr. Prabhat Agarwal said that GST is a unique opportunity for pharmacy sector to leverage. He also pointed out the inefficiencies in the supply chain sector which will be reduced because of GST implementation.
Mr. Tridipita, associated with Thompson Reuters mentioned that GST would bring positivity in the business environment.
