Published on February 14, 2014
India Council on Competitiveness MD’s, Presidents, CXO’s University Chancellors, Vice Chancellors and Civil Society leaders working to ensure Indian Prosperity
Formation: India Council on Competitiveness • Institute for Competitiveness, India establishes the India Council on Competitiveness in collaboration with the U.S. Council on Competitiveness • Institute for Competitiveness, India is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India is an international initiative centered in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy, as pioneered over the last 25 years by Professor Michael Porter of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems • The US Council on Competitiveness was founded in 1986 and is the only group of corporate CEOs, university presidents and labor leaders committed to the future prosperity of all Americans and enhanced U.S. competitiveness in the global economy through the creation of high-value economic activity in the United States
Formation: India Council on Competitiveness “I am so pleased to see India start up its own Competitiveness Council and bring together the ranks of its top industry, university leaders and other top delegates with the goal of focusing on India’s productivity and prosperity” “Similar to the U.S. Council, the Indian body will be committed to addressing the issues pertaining to India’s competitiveness in a multidisciplinary manner. It will surely build strategic partnerships with both the public and private sectors; and it will ensure a stronger and more prosperous India in this ever- changing and competitive global environment” – Dr Deborah L. Wince-Smith “We are truly delighted to set up the Indian Council on Competitiveness in collaboration with the U.S. Council on Competitiveness, the Council is being constituted in this country at a time when there is an imperative need for an apex body to drive the competitiveness of the country in the right direction ” – Dr Amit Kapoor
India Council on Competitiveness • The council is a non-profit undertaking and intends to remain a non-partisan, nongovernmental organization that aims to influence the change through debates, discussions and interaction • This Council is not intended to be a lobbying group • The only group of corporate CXOs, University Chancellors and Vice Chancellors and Civil Society leaders committed to the future prosperity of all Indians and enhanced Indian competitiveness • To drive Indian competitiveness, together we work to set an action agenda • Council is a unique effort of bringing a cross section of private sector leaders aimed at generating and suggesting innovative public policy solutions, corporate actions, setting research agendas for a more prosperous India • Council actively seeks to engage in partnerships with organizations as well as individuals both in the private sector and the government to mutually benefit its agendas to strengthen the position of all parties
Pillars of competitiveness Competitiveness is determined by the level of productivity of our country. Pillars here are the components through which we will measure and monitor the increase and decrease in competitiveness • Driving Innovative Entrepreneurship • Development of Skills • Upgrading India’s Infrastructural framework • Fostering Sustainability • India’s increased engagement within the Global Economy • Managing Risk and attaining Balance • Reducing income inequality and enhancing social inclusion and progress
Benefits to the Members • Council aims to remain committed to enhance India’s competitiveness via a pro-growth agenda to capitalize on its unique strengths as well as address India’s challenges • Council’s eminent membership’s ability to forge strategic partnerships across the private and public sectors • Members get an opportunity to add their voice to a movement seeking to shape our nation’s strategy on issues as well as suggest possible solutions • Access to one-of-kind partnership and networking possibilities through invitation only dialogues process, conferences and events both within India and abroad • Insightful thought leadership from their peers, as well as staff • All initiatives will comprise of debates, discussions, dialogues and conferences which lead to publications in form of whitepaper, reports and clarion call
Requirements from the Members • The Council’s activities are funded by contributions from its members, foundations and project contributions • Membership to the council is renewable every year and is charged an annual fee of $10,000 for corporates and $5,000 for Universities • Council membership is invitational, based on a criterion and is offered to leaders who have shown stewardship in their business interests as well as the communities in which they operate • Insightful leadership and ability to impart wealth of knowledge to their peers and guide the council raise issues, offer opinions, solutions as well as help the council action them • Set forth a collective action to increase India’s competitiveness, productivity and prosperity
Role of the Executive Members • The Council’s Executive members (14 Industrial Vice Chairs + 3 Civil Society + 3 University Leaders) would be expected to drive the research agenda for the Council in their respective industries • Executive members would act as the bridge between the board members and the general member and offer the assistance to the board with their agenda • Executive members need to be proactive in their functioning and indulge themselves with consensus building activities within their industry’s purview and other members • Collectively Executive members would guide and assist the Council’s Board in its smooth functioning • Decide the research work, and subsequently decide what needs to be published, the number of publications, the methods and ways in which dissemination of the publicized reports
Role of the Executive Members • Collectively set the future agenda to decide and align the activities of the Council with the Key Initiatives and propagate the implementation of competitiveness pillars to their respective industries. • Guide and direct the collective action for the corporates, university leaders and civil societies to increase the competitiveness to drive a prosperous India • They will also be expected to play a role in deciding the future membership within the Council • Executive members on the Council will also be entrusted to elect the Board on the Council • Board members will guide and offer direction to the research agenda for the council helping the council enable the vision for a Pro Growth India
Structure of the council Board Staff 6 members Focus Areas Executive Members (Elected) 14 Industry + 3 Civil Society + 3 University Manufacturing Energy General Members Education Entrepreneurship and Technology Healthcare Global India
Structure of the council • Membership will be tripartite focused majorly constituting CXOs, University Chancellors, Vice Chancellors and Civil Society leaders • The Council is headed by a Board of 6 members which will be closely supported by an Elected membership of 14 Industry vice chairs + 3 University Chancellors, Vice Chancellors + 3 Civil Society Leaders • Board will comprise of a Chair, Industry Chair, University Chair, Civil Society Chair, President and CEO; and Member • General membership would be limited to only representatives of their respective organization, with the focus to include the tripartite • Council would also invite National Lab Associations for partnership as well as affiliations at various level
Structure of the council Representation for the executive membership for Industry would be classified as: • • • • • • • • • • • • • • Finance, Banking & Insurance Healthcare, Pharmaceutical & Social Assistance Information, Telecom & Data Processing Food & Beverage Education, Training & Educational Services Retail & Wholesale Utilities, Electricity, Gas, Water & Power Arts, Entertainment & Recreation Construction, Real Estate & Steel Petroleum, Chemicals & Plastics Transportation, Logistics & Aviation Textiles & Apparels Computers & Electrical Appliances Tourism & Hospitality
Areas of focus - Initiatives • Manufacturing – Innovation in Manufacturing Initiative – Competing China? – Environmental Impact of India’s manufacturing growth • Education – Need for a relook at our Education system • Innovation – Develop and Protect Intellectual Property – Starting startups and fostering entrepreneurship – Waste Management Agriculture – Maximizing productivity and optimizing irrigation – Enabling the use of technology • Healthcare – Rethinking Healthcare Energy – Sustained Energy Security • • • Global India – Where India Stands – A collaborative effort to improve India’s position in the world – Improving the state of doing business in India
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